TELEKOM AUSTRIA AG 
Consolidated Financial Statements 2020
Telekom Austria Aktiengesellschaft
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TELEKOM AUSTRIA AG - Consolidated Statement of Comprehensive Income | ||
TELEKOM AUSTRIA AG - Consolidated Statement of Financial Position | ||
TELEKOM AUSTRIA AG - Consolidated Statement of Cash Flows | 5 | |
TELEKOM AUSTRIA AG - Consolidated Statement of Changes in Stockholders' Equity | 6 | |
TELEKOM AUSTRIA AG - Notes to the Consolidated Financial Statements | 8 | |
(1) | Segment Reporting | 8 |
(2) | The Company | 10 |
(3) | Basis of Presentation | 11 |
(4) | Use of Estimates and Judgements | 13 |
(5) | Revenues | 14 |
(6) | Cost and Expenses | 17 |
(7) | Financial Result | 18 |
(8) | Earnings per Share | 19 |
(9) | Cash and Cash Equivalents | 19 |
(10) Accounts Receivable: Subscribers, Distributors and Other, Net | 20 | |
(11) Related Party Transactions | 20 | |
(12) Inventories | 21 | |
(13) Other Current Assets, Net | 22 | |
(14) Contract Assets | 23 | |
(15) Property, Plant and Equipment | 23 | |
(16) Intangibles | 25 | |
(17) Goodwill | 28 | |
(18) Assets Held for Sale/Investments in Associates | 31 | |
(19) Investments | 32 | |
(20) Other Non-current Assets | 33 | |
(21) Short-term Debt | 33 | |
(22) Accounts Payable | 34 | |
(23) Accrued Liabilities and Provisions, Asset Retirement Obligation and Restructuring | 35 | |
(24) Contract Liabilities | 38 | |
(25) Long-term Debt | 38 | |
(26) Other Non-current Liabilities | 39 | |
(27) Employee Benefits | 39 | |
(28) Stockholders' Equity | 43 | |
(29) Income Taxes | 45 | |
(30) Leases | 48 | |
(31) Share-based Compensation | 51 | |
(32) Cash Flow Statement | 52 | |
(33) Financial Instruments | 53 | |
(34) Companies and Business Combinations | 60 | |
(35) Contingent Assets and Liabilities | 62 | |
(36) Remuneration Paid to the Management Board and Supervisory Board | 63 | |
(37) Employees | 63 | |
(38) Subsequent and Other Events | 63 | |
(39) Release for Publication | 64 |
The Consolidated Financial Statements are a translation from the original German version, which is the decisive version in all cases. The Consolidated Financial Statements 2020 are audited but not yet approved by the Supervisory Board.
Consolidated Financial Statements 2020
TELEKOM AUSTRIA AG - Consolidated Statement of Comprehensive Income
in TEUR | Notes | 2020 | 2019 |
Service revenues | 3,804,527 | 3,805,476 | |
Equipment revenues | 659,358 | 663,855 | |
Other operating income | 85,525 | 95,836 | |
Total revenues (incl. other operating income) | (5) | 4,549,409 | 4,565,166 |
Cost of service | - 1,311,915 | - 1,302,516 | |
Cost of equipment | - 652,416 | - 653,812 | |
Selling, general & administrative expenses | - 997,375 | - 1,029,679 | |
Other expenses | - 10,912 | - 18,535 | |
Total cost and expenses | (6) | - 2,972,619 | - 3,004,542 |
Earnings before interest, tax, depreciation and amortization - EBITDA | 1,576,790 | 1,560,624 | |
Depreciation and amortization | (15) (16) | - 774,335 | - 785,427 |
Depreciation of right-of-use assets | (30) | - 163,515 | - 160,379 |
Operating income - EBIT | 638,940 | 614,818 | |
Interest income | 3,777 | 5,350 | |
Interest expense | - 103,909 | - 102,935 | |
Interest on employee benefits and restructuring and other financial items, net | 2,474 | - 35,847 | |
Foreign currency exchange differences, net | - 18,871 | 535 | |
Equity interest in net income of associated companies | (18) | - 11,560 | - 316 |
Financial result | (7) | - 128,088 | - 133,213 |
Earnings before income tax - EBT | 510,851 | 481,605 | |
Income tax | (29) | - 122,027 | - 154,164 |
Net result | 388,824 | 327,442 | |
Attributable to: | |||
Equity holders of the parent | 388,421 | 326,963 | |
Non-controlling interests | (34) | 403 | 479 |
Basic and diluted earnings per share attributable to equity holders of the parent in euro | (8) | 0.58 | 0.49 |
Other comprehensive income items: | |||
Items that may be reclassified to profit or loss: | |||
Effect of translation of foreign entities | (3) (28) | - 82,536 | 17,173 |
Realized result on hedging activities, net of tax | (33) | 4,380 | 4,380 |
Unrealized result on debt instruments at fair value, net of tax | (19) | 7 | 13 |
Realized result on debt instruments at fair value, net of tax | (7) | 16 | 13 |
Items that will not be reclassified to profit or loss: | |||
Remeasurement of defined benefit obligations, net of tax | (27) | - 9,490 | - 12,549 |
Total other comprehensive income (loss) | - 87,622 | 9,030 | |
Total comprehensive income (loss) | 301,202 | 336,472 | |
Attributable to: | |||
Equity holders of the parent | 300,799 | 335,995 | |
Non-controlling interests | (34) | 403 | 477 |
See accompanying Notes to the Consolidated Financial Statements.
For impairment losses of accounts receivable: subscribers, distributors and other, see Note (6).
The use of automated calculation systems may give rise to rounding differences.
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Consolidated Financial Statements 2020
TELEKOM AUSTRIA AG - Consolidated Statement of Financial Position
December 31, | December 31, | ||
in TEUR | Notes | 2020 | 2019 |
Current assets | |||
Cash and cash equivalents | (9) | 210,879 | 140,293 |
Short-term investments | (19) | 164,821 | 0 |
Accounts receivable: Subscribers, distributors and other, net | (10) | 782,628 | 873,048 |
Receivables due from related parties | (11) | 495 | 920 |
Inventories, net | (12) | 90,761 | 109,318 |
Income tax receivable | (29) | 915 | 485 |
Other current assets, net | (13) | 152,401 | 148,549 |
Contract assets | (14) | 106,845 | 124,205 |
1,509,745 | 1,396,819 | ||
Assets held for sale | (18) | 0 | 33,476 |
Total current assets | 1,509,745 | 1,430,295 | |
Non-current assets | |||
Property, plant and equipment, net | (15) | 2,753,145 | 2,840,257 |
Right-of-use assets, net | (30) | 853,078 | 941,957 |
Intangibles, net | (16) | 1,678,023 | 1,784,224 |
Goodwill | (17) | 1,284,010 | 1,278,845 |
Long-term investments | (19) | 12,425 | 14,317 |
Deferred income tax assets | (29) | 96,487 | 168,940 |
Other non-current assets, net | (20) | 25,062 | 27,181 |
Total non-current assets | 6,702,229 | 7,055,722 | |
TOTAL ASSETS | 8,211,974 | 8,486,017 | |
Current liabilities | |||
Short-term debt | (21) | - 749,061 | - 123,000 |
Lease liabilities short-term | (30) | - 154,374 | - 152,621 |
Accounts payable | (22) | - 685,774 | - 909,461 |
Accrued liabilities and current provisions | (23) | - 246,408 | - 239,406 |
Income tax payable | (29) | - 23,992 | - 38,751 |
Payables due to related parties | (11) | - 181 | - 608 |
Contract liabilities | (24) | - 188,658 | - 173,954 |
Total current liabilities | - 2,048,448 | - 1,637,802 | |
Non-current liabilities | |||
Long-term debt | (25) | - 1,793,703 | - 2,539,575 |
Lease liabilities long-term | (30) | - 700,559 | - 788,222 |
Deferred income tax liabilities | (29) | - 4,074 | - 6,653 |
Other non-current liabilities | (26) | - 53,901 | - 65,730 |
Asset retirement obligation and restructuring | (23) | - 586,018 | - 581,987 |
Employee benefits | (27) | - 231,513 | - 220,130 |
Total non-current liabilities | - 3,369,769 | - 4,202,297 | |
Stockholders' equity | |||
Capital stock | - 1,449,275 | - 1,449,275 | |
Treasury shares | 7,803 | 7,803 | |
Additional paid-in capital | - 1,100,148 | - 1,100,148 | |
Retained earnings | - 1,026,869 | - 791,187 | |
Other comprehensive income (loss) items | 776,877 | 689,254 | |
Equity attributable to equity holders of the parent | (28) | - 2,791,611 | - 2,643,552 |
Non-controlling interests | - 2,146 | - 2,367 | |
Total stockholders' equity | - 2,793,757 | - 2,645,919 | |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | - 8,211,974 | - 8,486,017 |
See accompanying Notes to the Consolidated Financial Statements.
The use of automated calculation systems may give rise to rounding differences.
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Telekom Austria AG published this content on 09 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2021 19:10:00 UTC.
