UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2005
DEUTSCHE TELEKOM AG
(Translation of registrants name into English)
Friedrich-Ebert-Allee 140
53113 Bonn
Germany
(Address of principal executive offices)
Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or
Form 40-F.
Form 20-F ý Form 40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation
S-T Rule 101 (b)(1): o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation
S-T Rule 101 (b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No ý
This report is deemed submitted and not filed pursuant to the rules and regulations of the Securities and Exchange Commission.
CAUTIONARY NOTE REGARDING NON-GAAP FINANCIAL MEASURES
This report contains a number of non-GAAP financial measures or financial measures with non-GAAP components, including EBIT, EBIT margin, adjusted EBT, adjusted EBIT, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income/loss, capex, free cash flow, cash contribution, gross debt, net debt, ARPU, SAC, CCPU and CPGA. In addition, certain of the information contained herein includes presentations in which most or all line items have been adjusted for special influences, and all such special influences and line items so adjusted constitute non-GAAP financial measures. Significant subjective judgment is involved in the designation of any particular influence on our financial performance as a special influence, and some of such influences may recur from period-to-period. In general, wherever the term adjusted appears in this report, it designates a non-GAAP financial measure.
These non-GAAP financial measures should not be viewed as a substitute for financial measures prepared in accordance with generally accepted accounting principles (GAAP). Our non-GAAP financial measures may not be comparable to non-GAAP measures used by other companies. Our management team often uses non-GAAP measures in the management of our business, and believes that they may be helpful to some investors in better understanding trends in our business and performance. A Glossary defining many of the non-GAAP measures used in this report is placed at the end of the Back-up Materials accompanying this report.
In addition, this report contains tables in which non-GAAP financial measures are presented together with GAAP financial measures. Some of those tables are headed German GAAP or IFRS. You are cautioned not to assume that the non-GAAP financial measures included in such tables have been prepared in accordance with GAAP. The inclusion of a non-GAAP measure in such a table merely signifies that it has been derived from underlying figures that have been prepared in accordance with GAAP.
CAUTIONARY NOTE REGARDING HISTORICAL FINANCIAL INFORMATION PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS
This report contains financial information that has been prepared in accordance with International Financial Reporting Standards, or IFRS.
The accounting policies applied assume that, with the exception of IAS 39 Financial Instruments: Recognition and Measurement and IFRIC 3 Emission Rights all existing standards and interpretations currently in issue from the International Accounting Standards Board (IASB) and the International Financial Reporting Interpretations Committee (IFRIC) will be fully endorsed by the EU. The accounting policy for financial instruments takes account of the proposed EU revisions to IAS 39 and complies with the amended IAS 39. IFRIC 3 however is not relevant for Deutsche Telekom.
All IFRS published until the date of this report have been endorsed by the EU except for the following standards and interpretations:
IAS 19Amendment (December 2004) Actuarial Gains and Losses, Group Plans and Disclosures.
IAS 39 Financial Instruments: Recognition and Measurement has only been partially endorsed.
IAS 39Amendment (December 2004) Transition and Initial Recognition of Financial Assets and Financial Liabilities.
IFRS 6 Exploration for and Evaluation of Mineral Resources.
IFRIC Amendment to SIC-12: Scope of SIC-12 ConsolidationSpecial Purpose Entities.
IFRIC 2 Members Shares in Co-operative Entities and Similar Instruments.
IFRIC 3 Emission Rights.
IFRIC 4 Determining Whether an Arrangement contains a Lease.
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds.
Subject to EU endorsement of outstanding standards and no further changes from the IASB, this information is expected to form the basis for comparatives when reporting financial results for 2005 and for subsequent reporting periods. We cannot assure you, however, that no material changes will take place in IFRS between the date hereof and the first date on which we are required by applicable law to publish financial statements under IFRS.
Deutsche Telekom
IFRS and New Structure.
April 2005.
Investor Relations
Disclaimer 1.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. The words anticipate, believe, estimate, expect, intend, may, plan, project and should and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on current plans, estimates, and projections, and therefore you should not place too much reliance on them. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekoms control, including, without limitation, those factors set forth in Forward-Looking Statements and Risk Factors contained in Deutsche Telekoms annual report on Form 20-F. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, Deutsche Telekoms actual results may be materially different from those expressed or implied by such statements. Deutsche Telekom does not intend or assume any obligation to update these forward-looking statements.
This presentation contains a number of non-GAAP figures, such as EBITDA and EBITDA adj. for special influences, EBITDA margin, OIBDA, adj., capex, adj. net income, free Cash-Flow, and gross and net debt. These non-GAAP figures should not be viewed as a substitute for our GAAP figures. Our non-GAAP measures may not be comparable to non-GAAP measures used by other companies. To interpret the non-GAAP measures, please refer to the Backup materials accompanying this presentation and the Reconciliation to pro forma figures posted on Deutsche Telekoms investor relations website under www.deutschetelekom.com.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
2
Disclaimer 2.
The Committee of European Securities Regulators recommends that selected IFRS financial information be disclosed in the reporting on the 2004 financial year. In line with this recommendation, we are presenting here the preliminary consolidated balance sheets, consolidated income statements and net debt under IFRS as well as the preliminary reconciliation of shareholders equity, net income and net debt from German GAAP (HGB) to IFRS for the 2003 and 2004 financial years. The disclosure of net debt is not based on any IFRS guidance. This measure is disclosed voluntarily. In accordance with IFRS 1, the assets and liabilities carried in the preliminary consolidated balance sheets and consolidated income statements under IFRS that are presented here are measured in line with the relevant IFRS standards, compliance with which is mandatory as of December 31, 2005, the date on which the consolidated financial statements under IFRS are prepared for the first time, to the extent that these statements were published up until December 31, 2004. Deutsche Telekom has applied IFRIC 4 since January 1, 2003. The resulting differences between the IFRS carrying amounts and the carrying amounts of the assets and liabilities in the consolidated balance sheet under German GAAP for the period ended December 31, 2002 are recognized directly in equity at the time of the transition to IFRS.
There can be no guarantee that the final consolidated balance sheets, consolidated income statements and net debt under IFRS will not deviate from the preliminary consolidated balance sheets, consolidated income statements and net debt presented here, because the IASB may make further pronouncements before the final consolidated financial statements as of December 31, 2005 are prepared. Moreover, the EU Commission has yet to endorse individual pronouncements by the IASB that have already been taken into account in the financial information presented below. We would also like to point out that the statements presented here are not a full set of consolidated financial statements under IFRS as defined by IAS 1. In this respect, there are no first-time consolidated financial statements under IFRS within the meaning of IFRS 1. Deutsche Telekom will prepare its first set of consolidated IFRS financial statements as defined by IFRS 1 for the period ended December 31, 2005. IFRS will replace German GAAP in Deutsche Telekoms external reporting from the first quarter of 2005.
It should also be noted that the figures provided for the business units are preliminary and could be subject to change.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
3
IFRS and New Structure.
Background to the reporting changes.
DT is required to move to IFRS accounting from 2005 onwards.
Change of group structure following strategic realignment towards three strategic business units rather than four divisions.
Q1 2005 will be the first interim report under IFRS and the new group structure.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
4
IFRS and New Structure.
Adifferent philosophy behind German GAAP and IFRS.
German GAAP |
|
IFRS |
|
|
|
Protection of debt holders |
|
Protection of equity holders |
|
|
|
Prudence principle |
|
Matching principle over prudence Principle |
|
|
|
Historical Cost Accounting |
|
(Partial) Fair Value Accounting |
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
5
IFRS.
Revenue recognition.
Activation fees
Revenue from activation fees is different to German GAAP spread over the average duration of customer relationship.
Construction contracts (percentage-of-completion method)
Under German GAAP revenue recognition is not allowed before completion of the contract. IFRS requires revenue recognition according to the stage of completion.
Multiple element arrangements
German GAAP allows revenue recognition with partial delivery. Under certain circumstances IFRS allows revenue recognition only after full delivery.
Leasing of equipment
Certain products on a rented basis are classified under IFRS as leasing. The expected contract revenue is discounted to a net present value and split in financing part and revenue part. The financing part is presented as interest income. The revenue part is presented as revenue.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
6
IFRS.
Revenue recognition.
Impact on
Equity |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
|
|
Revenue recognition |
|
-1.2 |
|
-1.1 |
|
-1.1 |
|
|
|
|
|
|
|
|
|
|
|
Impact of revenue recognition on P&L |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
On revenue |
|
-0.5 |
|
-0.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
On EBITDA |
|
-0.1 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
On net income |
|
-0.1 |
|
0.0 |
|
|
|
|
Investor Relations
FRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
7
IFRS.
Goodwill and mobile licenses (1).
Goodwill:
No amortization of goodwill under IFRS (similar to US GAAP) (impairment-only approach).
Annual impairment test.
In contrast to US GAAP one-step impairment test.
Same approach to evaluate whether impairment is necessary, but different approach to quantify amount of impairment charge.
Transition from German GAAP to IFRS:
German GAAP goodwill as of 01.01.2003 as base (no retrospective application of IFRS 3).
Impairment test on 01.01.2003 under IFRS (as required by IFRS 1).
No further adjustments of Goodwill as required by IFRS 1 necessary at the date of transition.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
8
IFRS.
Goodwill and mobile licenses (2).
UMTS Licenses:
German GAAP: amortization starting at date of acquisition.
IFRS (similar to US GAAP): amortization with start of network operation.
Under IFRS no recognition of borrowing costs (similar to German GAAP, different to US GAAP).
Impact UMTS Licenses:
Reversal of amortization charged under German GAAP.
Start of amortization with start of network operation.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
9
IFRS.
Goodwill and mobile licenses (3).
FCC Licenses (mobile licenses USA):
German GAAP: amortization.
IFRS (similar to US GAAP): impairment-only approach due to indefinite useful life.
Impact FCC Licenses:
Reversal of amortization and impairments charged under German GAAP.
Impairment test as of 1.1.2003: Reversal of impairment from strategic review 2002. Instead impairment of goodwill.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
10
IFRS.
Goodwill and mobile licenses (4).
Impact
on Equity |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
-3.1 |
|
-3.5 |
|
-6.0 |
|
|
|
|
|
|
|
|
|
|
|
Mobile licenses |
|
+9.8 |
|
+13.1 |
|
+14.0 |
|
|
|
|
|
|
|
|
|
|
|
Impact
on P&L |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill amortization |
|
+0.1 |
|
+1.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mobile licenses amortization |
|
-3.1 |
|
+1.1 |
|
|
|
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
11
IFRS.
Provisions.
Pension provisions:
No additional minimum liability under IFRS.
Different treatment of actuarial gains
and losses under IFRS: recognition in shareholders equity at the date of
transition
(IFRS 1).
Interest costs presented in financial result, not in operating result.
Reduction of shareholders equity in the IFRS opening balance sheet and increase in the other reporting dates presented; net profit increases in the two periods presented.
Other provisions:
Recognition of restructuring provisions is subject to stricter criteria under IFRS.
Furthermore, provisions for future internal expenses that have been recognized under German GAAP should not be recognized under IFRS.
Increase of shareholders equity; net profit under IFRS remains largely unaffected.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
12
IFRS.
Impact
on Equity |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
Provisions |
|
+1.6 |
|
+1.5 |
|
+1.1 |
|
|
|
|
|
|
|
|
|
Impact
of provisions on P&L |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA (adj.) |
|
0.0 |
|
+0.4 |
|
|
|
|
|
|
|
|
|
|
|
Net income (adj.) |
|
-0.4 |
|
+0.1 |
|
|
|
|
|
|
|
|
|
|
|
Net Income (unadj.) |
|
+0.1 |
|
+0.4 |
|
|
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
13
IFRS.
Internally generated software and borrowing costs.
Software:
Recognizing internally generated software, which is not permissible under German GAAP, increases shareholders equity under IFRS in all of the periods presented. In the periods following the recognition, net profit under IFRS remains largely unaffected.
Borrowing costs:
Deutsche Telekom does not make use of the option under IFRS to recognize borrowing costs. Under German GAAP, borrowing costs accounted for during the construction period were recognized. Not recognizing borrowing costs reduces shareholders equity under IFRS in all periods. The lower amortization than under German GAAP increases net profit.
Impact
on P&L |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
Internally generated software (EBITDA-impact) |
|
+0.3 |
|
+0.2 |
|
|
|
|
|
|
|
Internally generated software (net profit-impact) |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
Borrowing costs (net profit-impact) |
|
+0.1 |
|
+0.2 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
14
IFRS.
Deferred Taxes.
Differences between IFRS and German GAAP relate in particular to Deutsche Telekoms contribution goodwill, tax loss carryforwards and general recognition and measurement differences between IFRS and German GAAP:
Deferred tax asset: contribution goodwill recognized in tax accounts but not recognized under IFRS.
Deferred tax asset: future expected tax reductions from the deduction of tax loss carryforwards.
Deferred tax liabilities: in particular realization of hidden reserves for US mobile licenses; furthermore, net effect of all other temporary differences.
Deferred
Taxes in balance sheet |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
Deferred tax assets |
|
8.3 |
|
9.3 |
|
10.2 |
|
|
|
|
|
|
|
|
|
Deferred tax liabilities |
|
9.7 |
|
10.6 |
|
10.7 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
15
IFRS.
ABS.
As part of asset-backed securities (ABS) transactions, mostly financial assets are sold to a special-purpose entity (SPE). The SPE refinances itself on the capital market.
Under IFRS, SPEs must generally be consolidated by the economic beneficiary. In total, there are three SPEs arising from ABS transactions that have to be consolidated by Deutsche Telekom. The capital market liabilities recognized by the SPEs increase Deutsche Telekoms net debt.
Impact
on net debt |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
ABS |
|
+1.6 |
|
+1.2 |
|
+1.2 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
16
IFRS.
Leasing.
A considerably larger number of leases tends to be classified as finance leases under IFRS. While in an operating lease it is the lessor that recognizes the asset, it is the lessee that recognizes the asset in a finance lease.
Deutsche Telekom has entered into sale and leaseback transactions in connection with its real estate portfolio. Under German GAAP, these transactions were usually treated as a sale of real estate that was subsequently leased back, whereas under IFRS the buildings must be classified as finance leases and the land as operating leases.
Under IFRS, this results in the recognition of interest expense and a depreciation charge for the buildings and the recognition of rental expense for the land; the disposal gain must be spread over the term of the lease.
Under German GAAP, gains or losses from the sale of real estate are recorded, as rental expense.
This reduces shareholders equity, net profit and increases net debt under IFRS in all of the periods presented.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
17
IFRS.
Leasing.
Impact
on net debt |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
Leasing |
|
+2.5 |
|
+2.4 |
|
+1.8 |
|
Impact
on P&L |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
Leasing (EBITDA-impact) |
|
+0.1 |
|
0.0 |
|
|
|
|
|
|
|
Leasing (net profit-impact) |
|
-0.1 |
|
-0.3 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
18
IFRS.
Measurement of investments not fully consolidated and not accounted for in the consolidated financial statements under the equity method.
Investments not fully consolidated and not accounted for in the consolidated financial statements under the equity method must be measured at fair value according to IAS 39. As a rule, the resulting unrealized gains and losses are recognized directly in equity.
According to German GAAP, these assets are measured at amortized cost or, if appropriate, at the lower fair value. As a result of the different accounting policies used under IFRS and German GAAP, the IFRS shareholders equity increases in all of the periods presented. Net profit under IFRS remains unaffected.
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
19
IFRS.
In a nutshell.
billion |
|
IFRS 2004 |
|
German GAAP |
|
IFRS 2003 |
|
German GAAP |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
57.4 |
|
57.9 |
|
55.5 |
|
55.8 |
|
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA |
|
19.6 |
|
19.4 |
|
18.6 |
|
18.3 |
|
|
|
|
|
|
|
|
|
|
|
Adj. net income |
|
3.7 |
|
2.2 |
|
2.3 |
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
1.6 |
|
4.6 |
|
1.9 |
|
1.3 |
|
|
|
|
|
|
|
|
|
|
|
Shareholders Equity |
|
45.9 |
|
37.9 |
|
43.8 |
|
33.8 |
|
|
|
|
|
|
|
|
|
|
|
Net debt |
|
39.6 |
|
35.2 |
|
50.7 |
|
46.6 |
|
|
|
|
|
|
|
|
|
|
|
Free Cash Flow |
|
10.3 |
|
10.2 |
|
8.7 |
|
8.3 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
20
IFRS.
Impact on adj. EBITDA.
billion |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
EBITDA (German GAAP) |
|
19.4 |
|
18.3 |
|
|
|
|
|
|
|
Leasing (Regrouping in depreciation and net interest expense) |
|
0.1 |
|
0.0 |
|
|
|
|
|
|
|
Interest pension provisions/PBeaKK (Regrouping into net interest expense) |
|
0.2 |
|
0.3 |
|
|
|
|
|
|
|
Valuation pension provisions (AML) |
|
0.1 |
|
0.2 |
|
|
|
|
|
|
|
Other taxes (under German GAAP not part of EBITDA) |
|
-0.2 |
|
-0.2 |
|
|
|
|
|
|
|
Internally generated software |
|
0.3 |
|
0.2 |
|
|
|
|
|
|
|
Reversal/usage of provisions for contingent losses/other accruals |
|
-0.2 |
|
0.0 |
|
|
|
|
|
|
|
Reversal/usage of provisions for restructuring |
|
-0.1 |
|
-0.1 |
|
|
|
|
|
|
|
ABS |
|
0.1 |
|
0.0 |
|
|
|
|
|
|
|
Revenue recognition |
|
-0.1 |
|
0.0 |
|
|
|
|
|
|
|
Other IFRS adjustments |
|
0.0 |
|
-0.1 |
|
|
|
|
|
|
|
EBITDA (IFRS) |
|
19.6 |
|
18.6 |
|
|
|
|
|
|
|
Delta IFRS German GAAP |
|
0.2 |
|
0.3 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
21
IFRS.
Net income reconciliation 2004 and 2003.
|
|
Full year 2004 |
|
Full year 2003 |
|
||||
billion |
|
Incl. SE |
|
Excl. SE |
|
Incl. SE |
|
Excl. SE |
|
|
|
|
|
|
|
|
|
|
|
Net income under German GAAP |
|
4.6 |
|
2.2 |
|
1.3 |
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
Income applicable to minority shareholders |
|
0.3 |
|
0.4 |
|
0.4 |
|
0.4 |
|
|
|
|
|
|
|
|
|
|
|
Income after taxes under German GAAP |
|
4.9 |
|
2.6 |
|
1.6 |
|
0.6 |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
0.1 |
|
2.6 |
|
1.6 |
|
2.6 |
|
|
|
|
|
|
|
|
|
|
|
Reversal of scheduled amortization |
|
2.6 |
|
2.6 |
|
2.6 |
|
2.6 |
|
|
|
|
|
|
|
|
|
|
|
Non-scheduled write-downs |
|
-2.5 |
|
0.0 |
|
-1.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
Mobile licenses |
|
-3.1 |
|
0.6 |
|
1.1 |
|
1.1 |
|
|
|
|
|
|
|
|
|
|
|
FCC Reversal German GAAP amortization |
|
0.5 |
|
0.5 |
|
0.5 |
|
0.5 |
|
|
|
|
|
|
|
|
|
|
|
FCC IFRS Amortization (non-scheduled) |
|
-1.3 |
|
0.0 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
FCC Reversal German GAAP write-ups |
|
-2.4 |
|
0.0 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
UMTS-Amortization (scheduled) |
|
0.1 |
|
0.1 |
|
0.6 |
|
0.6 |
|
|
|
|
|
|
|
|
|
|
|
Software |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
Borrowing costs |
|
0.1 |
|
0.1 |
|
0.2 |
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
Measurement of investments not fully consolidated and not accounted for in the consolidated financial statements under the equity method |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
Leasing |
|
-0.1 |
|
-0.1 |
|
-0.3 |
|
-0.3 |
|
|
|
|
|
|
|
|
|
|
|
Provisions |
|
0.1 |
|
-0.4 |
|
0.4 |
|
0.1 |
|
|
|
|
|
|
|
|
|
|
|
Pension provisions |
|
0.1 |
|
0.1 |
|
0.4 |
|
0.2 |
|
|
|
|
|
|
|
|
|
|
|
Other provisions |
|
0.0 |
|
-0.5 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
Revenue recognition |
|
-0.1 |
|
-0.1 |
|
0.0 |
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
Other IFRS adjustments |
|
0.0 |
|
-0.1 |
|
-0.2 |
|
-0.4 |
|
|
|
|
|
|
|
|
|
|
|
Deferred taxes |
|
0.1 |
|
-1.0 |
|
-2.0 |
|
-1.2 |
|
|
|
|
|
|
|
|
|
|
|
Income after taxes under IFRS |
|
2.0 |
|
4.1 |
|
2.4 |
|
2.7 |
|
|
|
|
|
|
|
|
|
|
|
Minorities |
|
-0.4 |
|
-0.5 |
|
-0.5 |
|
-0.5 |
|
|
|
|
|
|
|
|
|
|
|
Net income under IFRS |
|
1.6 |
|
3.7 |
|
1.9 |
|
2.3 |
|
Investor Relations
IFRS & New Structure
Preliminary and unaudited figures |
|
April 2005 |
22
IFRS.
Reconciliation of Cash Flow.
million |
|
FY 2004 |
|
FY 2003 |
|
|
|
|
|
|
|
Net cash provided by operating activities (German GAAP) |
|
16,307 |
|
14,316 |
|
|
|
|
|
|
|
Net cash provided by operating activities (IFRS) |
|
16,721 |
|
15,053 |
|
|
|
|
|
|
|
Net cash used for investing activities (German GAAP) |
|
-4,318 |
|
-2,073 |
|
|
|
|
|
|
|
Net cash used for investing activities (IFRS) |
|
-4,502 |
|
-2,249 |
|
|
|
|
|
|
|
Net cash provided by (used for) financing activities (German GAAP) |
|
-12,652 |
|
-5,226 |
|
|
|
|
|
|
|
Net cash provided by (used for) financing activities (IFRS) |
|
-12,882 |
|
-5,797 |
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents (German GAAP) |
|
-663 |
|
6,974 |
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents (IFRS) |
|
-663 |
|
6,974 |
|
|
|
|
|
|
|
Free Cash Flow (German GAAP) |
|
10,180 |
|
8,285 |
|
|
|
|
|
|
|
Free Cash Flow (IFRS) |
|
10,311 |
|
8,691 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
23
IFRS.
Reconciliation of equity.
billion |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
Shareholders equity under German GAAP |
|
37.9 |
|
33.8 |
|
35.4 |
|
|
|
|
|
|
|
|
|
Goodwill |
|
-3.1 |
|
-3.5 |
|
-6.0 |
|
|
|
|
|
|
|
|
|
Mobile licenses |
|
+9.8 |
|
+13.1 |
|
+14.0 |
|
|
|
|
|
|
|
|
|
Provisions |
|
+1.6 |
|
+1.5 |
|
+1.1 |
|
|
|
|
|
|
|
|
|
Revenue recognition |
|
-1.2 |
|
-1.1 |
|
-1.1 |
|
|
|
|
|
|
|
|
|
Deferred tax assets |
|
+6.4 |
|
+7.4 |
|
+9.1 |
|
|
|
|
|
|
|
|
|
Deferred tax liabilities |
|
-6.6 |
|
-7.8 |
|
-7.9 |
|
|
|
|
|
|
|
|
|
Other |
|
+1,1 |
|
+0,4 |
|
+0.6 |
|
|
|
|
|
|
|
|
|
Shareholders equity under IFRS |
|
45.9 |
|
43.8 |
|
45.2 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
24
IFRS.
Net debt.
billion |
|
31.12.2004 |
|
31.12.2003 |
|
01.01.2003 |
|
|
|
|
|
|
|
|
|
Net debt under German GAAP |
|
35.2 |
|
46.6 |
|
61.1 |
|
|
|
|
|
|
|
|
|
ABS |
|
+1.6 |
|
+1.2 |
|
+1.2 |
|
|
|
|
|
|
|
|
|
Leasing |
|
+2.5 |
|
+2.4 |
|
+1.8 |
|
|
|
|
|
|
|
|
|
Other |
|
+0.3 |
|
+0.5 |
|
+0.2 |
|
|
|
|
|
|
|
|
|
Net debt under IFRS |
|
39.6 |
|
50.7 |
|
64.3 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
25
New structure.
In a nutshell.
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
26
New structure.
The Strategic Business Unit Broadband/Fixed network .
FY 2004 |
|
T-Com |
|
Changes |
|
Impact |
|
T-Com New |
|
T-Online |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
27,814 |
|
-1,561 |
|
-652 |
|
25,601 |
|
2,012 |
|
27,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
10,240 |
|
-702 |
|
-34 |
|
9,504 |
|
463 |
|
9,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA-Margin |
|
36.8 |
% |
n.m. |
|
n.m. |
|
37.1 |
% |
23.0 |
% |
36.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA |
|
10,466 |
|
-704 |
|
-39 |
|
9,723 |
|
464 |
|
10,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA-Margin |
|
37.6 |
% |
n.m. |
|
n.m. |
|
38.0 |
% |
23.1 |
% |
37.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
5,525 |
|
51 |
|
-34 |
|
5,542 |
|
479 |
|
6,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capex |
|
2,330 |
|
-302 |
|
-30 |
|
1,998 |
|
121 |
|
2,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of employees |
|
125,395 |
|
-3,192 |
|
-9,875 |
|
112,329 |
|
2,963 |
|
115,292 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
27
New structure.
The Strategic Business Unit Mobile.
FY 2004 |
|
Mobile |
|
Changes |
|
Changes |
|
Mobile |
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
24,995 |
|
1,582 |
|
-50 |
|
26,527 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
10,596 |
|
676 |
|
-2,809 |
|
8,463 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA-Margin |
|
42.4 |
% |
42.7 |
% |
|
|
31.9 |
% |
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA |
|
7,668 |
|
676 |
|
51 |
|
8,395 |
|
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA-Margin |
|
30.7 |
% |
42.7 |
% |
|
|
31.6 |
% |
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
4,636 |
|
368 |
|
-3,423 |
|
1,581 |
|
|
|
|
|
|
|
|
|
|
|
Capex |
|
2,411 |
|
299 |
|
184 |
|
2,894 |
|
|
|
|
|
|
|
|
|
|
|
Number of employees |
|
44,226 |
|
3,192 |
|
0 |
|
47,418 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
28
New structure.
The Strategic Business Unit Business Customers.
FY 2004 |
|
T-Systems |
|
Changes |
|
Impact |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
10,537 |
|
-168 |
|
2,588 |
|
12,957 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
1,357 |
|
-48 |
|
208 |
|
1,517 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA-Margin |
|
12.9 |
% |
n.m. |
|
n.m. |
|
11.7 |
% |
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA |
|
1,473 |
|
-48 |
|
213 |
|
1,638 |
|
|
|
|
|
|
|
|
|
|
|
Adj. EBITDA-Margin |
|
14.0 |
% |
n.m. |
|
n.m. |
|
12.6 |
% |
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
-211 |
|
222 |
|
170 |
|
181 |
|
|
|
|
|
|
|
|
|
|
|
Capex |
|
720 |
|
99 |
|
49 |
|
868 |
|
|
|
|
|
|
|
|
|
|
|
Number of employees |
|
39,880 |
|
0 |
|
12,098 |
|
51,978 |
|
|
|
Investor Relations |
|
|
IFRS & New Structure |
Preliminary and unaudited Figures |
|
April 2005 |
29
|
Historic Numbers under IFRS. |
|
New Group Structure. |
Content.
|
Introduction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation profit and Loss statements |
|
|
|
|
|
|
|
|
Reconciliation of group and business units - for each reporting periods |
|
|
|
|
|
|
|
Step 1: IFRS conversion for the group and four divisions - all reporting periods |
|
|
|
|
|
|
|
Step 2: Realignment for the group and three business unit - all reporting periods |
|
|
|
|
|
|
Reconciliation group balance sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
3
Deutsche Telekom will present its financial figures in accordance with IFRS (International Financial Reporting Standards) for the first time and under a new structure in its report on the first quarter of 2005. The new structure with the strategic business units Broadband/Fixed Network, Business Customers and Mobile Communications will supercede the previous segment reporting structure with T-Com, T-Mobile, T-Systems and T-Online.
These changes have significant effects on the presentation of Deutsche Telekoms financial figures. This report is intended to give readers the opportunity to familiarize themselves with the effects of these changes on the financial figures Deutsche Telekom has already published.
The financial figures are presented in the following two steps.
The financial figures according to German GAAP for the 2003 and 2004 financial years that have already been published and announced are presented again in accordance with IFRS (International Financial Reporting Standards). The main deviations from German GAAP arising from the new accounting rules under IFRS are explained in the separate footnote booklet.
The strategic realignment towards the three strategic business units Broadband/Fixed Network, Mobile Communications and Business Customers resulted in changes and transfers within the Group between the individual business units. These include the following effects, which are presented once again in this simplified illustration:
1. Small and medium-sized enterprises (SMEs) business will be transferred from the previous business unit T-Com to the new business unit Business Customers. NetPro, as the developer of the service platforms for SMEs, will in future be assigned to the Business Services business unit.
2. Eastern European mobile communications companies will be assigned to the Mobile Communications business unit.
3. The strategic business unit Broadband/Fixed Network consists of T-Online International AG together with the remaining parts of the T-Com division.
4. The technical platforms Global Network Factory, International Carrier Services and Solutions (ICSS) and Network Services will be transferred from the business unit T-Systems into the new business unit Broadband/Fixed Network as a result of plants to bundle the entire national and international whole-sale business at T-Com.
5. The transfer of Billing & Collection, which is responsible for customer billing, from Group Headquarters & Shared Services to the Business Customers business unit means that essential components of the Business Customers product portfolio are coordinated from within this business unit.
In presenting the reassignments in this report, Deutsche Telekom carried out a so-called change identification, which means that the figures shown for the reassigned units do not represent, for example, the revenue contribution of these units, but rather the effect of the reassignment of these units on the revenue of the business unit. This therefore generally leads to differences in the individual income statement items between the old and new units.
As with the figures shown under IFRS, the figures for these business units are preliminary figures only. Deutsche Telekom will report according to the new segment structure for the first time in the report on the first quarter of 2005.
Unaudited and preliminary figures
4
Step 1: IFRS |
|
Step 2: New structure |
|
|
|
Unaudited and preliminary figures
5
Conversion to IFRS at Deutsche Telekom.
According to Article 4 of Regulation (EC) 1606/2002 of the European Parliament and of the Council of July 19, 2002 concerning the application of international accounting standards (Official Journal EC No. L 243 P. 1), Deutsche Telekom is required to prepare consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS) for the 2005 financial year and thereafter; the opening IFRS consolidated balance sheet will be prepared for the period beginning January 1, 2003 (date of transition to IFRS in accordance with IFRS 1).
The Committee of European Securities Regulators recommends that selected IFRS financial information be disclosed in the reporting on the 2004 financial year. Deutsche Telekom therefore reported in detail on the conversion of its accounting to IFRS from the 2005 financial year and the effects of the conversion on selected financial information for the 2003 and 2004 financial years in its Group management report on the 2004 financial year. In this report, we are presenting the preliminary consolidated balance sheets, consolidated income statements, consolidated cash flow statements, and net debt under IFRS fort the 2003 and 2004 financial years. The disclosure of net debt is not based on any IFRS guidance. This measure is disclosed voluntarily.
The following financial information was prepared in compliance with IFRS published before December 31, 2004 that either must be adopted or can be adopted voluntarily in the first set of consolidated financial statements under IFRS for the period ended December 31, 2005.
There can be no guarantee that the IASB (International Accounting Standards Board) will not make further pronouncements before the final consolidated financial statements as of December 31, 2005 are prepared and that the standards used to prepare this financial information will not differ from those used to prepare the consolidated financial statements for the period ended December 31, 2005.
Moreover, the EU Commission has yet to recognize individual pronouncements by the IASB. This being the case, it is appropriate
to point out that the figures presented in this report are preliminary and subject to change.
We would also like to point out that the statements presented below are not a full set of consolidated financial statements under IFRS as defined by IAS 1. Deutsche Telekom will prepare its first set of consolidated IFRS financial statements as defined by IFRS 1 for the period ended December 31, 2005. IFRS will replace German GAAP in Deutsche Telekoms external reporting from the first quarter of 2005.
Whereas the protection of creditors and the principle of prudence were the priority under German GAAP, IFRS is oriented towards the shareholder value approach. This is particularly evident in the differing treatment of goodwill, which is no longer amortized under IFRS, but regularly tested for impairment in accordance with the fair value principle. The difference between the philosophies is also clear in the treatment of accruals: Whereas German GAAP in accordance with the principle of prudence allows the recognition of a relatively high level of accruals, IFRS prescribes far narrower preconditions for the recognition of provisions.
Unaudited and preliminary figures
6
The principle differences in the accounting policies between German GAAP and IFRS that affect the Deutsche Telekom Group are explained below:
Deferred revenue.
The main difference between German GAAP and IFRS is the way up-front fees are recognized. Under German GAAP, the up-front fees are recognized as revenue on the date on which the line is activated. Under IFRS, on the other hand, the up-front fees and the incremental costs are accrued over the average duration of the customer relationship. This reduces shareholders equity in all of the periods presented. The net profit remains largely unaffected. In addition, differences in the treatment of long-term construction contracts, leases and multiple-element arrangements have an impact on revenue. In total, the differing revenue recognition leads to a revenue decrease of EUR 0.3 billion in 2003 and EUR 0.5 billion in 2004.
Goodwill and mobile communications licenses.
In contrast to German GAAP, under IFRS U.S. mobile communications licenses are not amortized on account of their indefinite useful life but instead are reviewed for impairment once a year (impairment-only approach). For this reason, the amortization and impairment of the U.S. mobile communications licenses charged in accordance with German GAAP as of January 1, 2003 were reversed. This increased the carrying amount of the U.S. mobile communications licenses at January 1, 2003 by EUR 9.9 billion.
Goodwill is not amortized under IFRS, in contrast to German GAAP, due to its indefinite useful life. Instead, goodwill is tested for impairment once annually and, if a triggering event exists, during the year.
The impairment test performed in accordance with IFRS resulted in an impairment of the T-Mobile USA of EUR 5.0 billion as of January 1, 2003 and of EUR 0.8 billion as of December 31, 2003 which was recognized through a reduction in the goodwill carrying amount. As part of the winding up of the U.S. mobile communications joint venture with Cingular Wireless in 2004 and the ensuing transfer of mobile communications licenses, these assets were written down by EUR 1.3 billion.
The impairment test of the unit T-Mobile UK, which is part of the T-Mobile division, resulted in an impairment under IFRS of EUR 0.6 billion as of January 1, 2003 and EUR 2.2 billion as of December 31, 2004.
The impairment test of the unit T-Mobile Netherlands, which is part of the T-Mobile division, resulted in an impairment under IFRS as of January 1, 2003 which was recognized through a reduction of EUR 0.1 billion in the goodwill carrying amount.
The impairment test of the unit MATÁV, which is part of the T-Com division, resulted in impairment under IFRS of EUR 0.3 billion as of January 1, 2003 and of EUR 0.2 billion as of December 31, 2003; the impairment test of the Slovak Telecom unit, which is part of the T-Com division, resulted in impairment under IFRS of EUR 0.2 billion as of December 31, 2004. These impairments were recognized through a goodwill write-down.
Unaudited and preliminary figures
7
UMTS licenses are amortized as before due to their defined economic life. Under IFRS, however, they may only be amortized from the time the UMTS network is put into operation, rather than from the time of their acquisition. The amortization and write-downs charged as of January 1, 2003 have therefore been reversed. This reversal led to an increase of EUR 4.1 billion in the carrying amounts of the UMTS licenses as of January 1, 2003. The UMTS licenses were put into operation in 2004; as a result, the UMTS licenses were amortized under IFRS for the first time in the 2004 financial year by EUR 0.5 billion.
The total effects from goodwill and mobile communications licenses result, in comparison with German GAAP, in a positive effect on shareholders equity of EUR 8.0 billion as of January 1, 2003, EUR 9.6 billion as of December 31, 2003 and EUR 6.7 billion as of December 31, 2004.
Software.
Recognizing internally generated software, which is not permissible under German GAAP, increases shareholders equity under IFRS in all of the periods presented. In the periods following the recognition, the net profit under IFRS remains largely unaffected.
Borrowing costs.
The fact that Deutsche Telekom does not make use of the option under IFRS to recognize borrowing costs results in adjustments. Under German GAAP, borrowing costs accounted for during the construction period were recognized. Not recognizing borrowing costs reduces shareholders equity under IFRS in all periods. The lower amortization than under German GAAP increases the net profit in future periods.
Measurement of investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method
Investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method must be measured at fair value according to IFRS. As a rule, the resulting unrealized gains and losses are recognized directly in shareholders equity. According to German GAAP, these assets are valued at purchase cost or, if appropriate, at the lower fair value. As a result of the different accounting policies used under IFRS and German GAAP, the IFRS shareholders equity increases in all of the periods presented.
Unaudited and preliminary figures
8
Leasing.
A considerably larger number of leases tend to be classified as finance leases under IFRS than under German GAAP. While in an operating lease it is the lessor that recognizes the asset, it is the lessee that recognizes the asset in a finance lease.
Deutsche Telekom has entered into sale and leaseback transactions in connection with its real estate portfolio. Under German GAAP, these transactions were usually treated as a sale of the real estate that was subsequently leased back, whereas under IFRS the buildings must be classified as finance leases and the land as operating leases. Under IFRS, this results in the recognition of interest expense and a depreciation charge for the buildings and the recognition of rental expense for the land; the disposal gain must be spread over the term of the lease. Under German GAAP, gains or losses from the sale of real estate are recorded directly, as is rental expense.
This reduces shareholders equity and the net profit under IFRS in all of the periods presented.
Provisions.
Provisions must be recognized for pension obligations under both German GAAP and IFRS. Under German commercial law, Deutsche Telekoms pension obligations were calculated in accordance with the provisions of SFAS 87. Differences between the carrying amounts under IFRS and SFAS 87 arise in particular from the different treatment of actuarial gains and losses and the fact that the additional minimum liability is not recognized under IFRS. This reduces shareholders equity in the opening consolidated balance sheet under IFRS and increases it at the two other reporting dates presented. The net profit increases in both periods presented.
In the other provisions, it is primarily the restructuring provisions that increase shareholders equity in all of the periods presented because the recognition of restructuring provisions under IFRS is subject to more detailed and stricter criteria than under German GAAP. Furthermore, provisions for future expenses that may be recognized under German GAAP are not carried under IFRS.
Other IFRS adjustments.
Other IFRS adjustments relate, for example, to the different accounting principles regarding asset-backed securities (ABS) transactions, derivatives and the value of property, plant, and equipment. All in all this increased shareholders equity in all of the periods presented. The net profit remains largely unaffected.
Deferred taxes.
The differences in the definition of deferred taxes under IFRS and German GAAP relate in particular to Deutsche Telekom AGs contribution goodwill, tax loss carryforwards, and general recognition and measurement differences between IFRS and German GAAP.
As a result of the privatization of Deutsche Telekom AG, goodwill was recognized in the tax accounts (contribution goodwill), yet no goodwill is to be capitalized in Deutsche Telekom AGs consolidated balance sheets under IFRS. Deutsche Telekom recognizes deferred taxes on this temporary difference in accordance with IAS 12.
Unaudited and preliminary figures
9
Furthermore, under IFRS in contrast to German GAAP deferred tax assets are recognized on future expected tax reductions from the deduction of tax loss carryforwards.
The recognition of deferred taxes of EUR 9.1 billion as of January 1, 2003 leads to an increase in shareholders equity under IFRS; the item income tax expense in the income statement increases as a result of the amortization of deferred tax assets in all of the periods presented.
The deferred taxes recognized on measurement differences primarily relate to deferred tax liabilities on measurement differences between IFRS and German GAAP in connection with the realized hidden reserves for U.S. mobile communications licenses. The recognition of these deferred tax liabilities reduces shareholders equity under IFRS as of January 1, 2003 by EUR 7.9 billion. Since these licenses are not amortized, the deferred tax liabilities are initially not released. The impairment recognized under IFRS in 2004 and the reversal of the write-up of these licenses under German GAAP resulted in the corresponding release of the deferred tax liabilities and, consequently, in a decrease in income taxes.
Net debt.
In addition to the shareholders equity and net profit, the amount and the composition of the Groups net debt also changes as a result of the conversion of the accounting to IFRS. The main issues for the Deutsche Telekom Group that change net debt at the dates under review are explained below:
Lease liabilities.
In the case of a finance lease, the assets are measured at the lower of the fair value of the leased property and the present value of the minimum lease payments in the lessees balance sheet. At the same time, a lease liability is recognized. As a result, Deutsche Telekoms net debt as of December 31, 2004 increases by around EUR 2.5 billion and as of December 31, 2003 by around EUR 2.4 billion.
Liabilities arising from ABS transactions.
As part of asset-backed securities (ABS) transactions, mostly financial assets are sold to a special-purpose entity (SPE). The SPE refinances itself on the capital market. Under IFRS, SPEs must generally be consolidated by the economic beneficiary. In total, there are three SPEs arising from ABS transactions that have to be consolidated by Deutsche Telekom. The capital market liabilities recognized by the SPEs increase Deutsche Telekoms net debt as of December 31, 2004 by around EUR 1.6 billion and as of December 31, 2003 by around EUR 1.2 billion.
Other IFRS differences.
The other differences primarily consist of the more extensive incorporation of derivatives as well as the cash collaterals included in other financial assets with regard to ABS transactions. The other differences increase net debt as of December 31, 2004 by EUR 0.3 billion and as of December 31, 2003 by around EUR 0.5 billion.
Unaudited and preliminary figures
10
Deutsche Telekoms strategic realignment.
The telecommunications industry is characterized by technology changes and a dynamic competitive environment. Deutsche Telekom is implementing a paradigm change from a technology corporation to become a customer-centric services provider to put its business on a long-term sustainable footing.
In terms of customer perception, the technology itself is becoming less and less important. Customers are above all interested in the benefits of an application. Deutsche Telekom has set itself the goal of becoming the leading services company in its industry to be the fastest growing European telecommunications company. The focus has been on three strategic business units since the beginning of 2005:
Broadband/Fixed Network covered by T-Com and T-Online for the consumer segment
Mobile Communications by T-Mobile
Business Customers by T-Systems Business Services for medium-sized and large businesses and T-Systems Enterprise Services for multinational corporations.
The new Group structure allows Deutsche Telekom to focus clearly on the key growth areas in its industry, and thus to lay the foundations for profitable growth. At the same time, the individual strategic business units are increasingly gearing their activities to the customer segments defined by Deutsche Telekom. This is the course Deutsche Telekom has set to achieve comprehensive customer centricity, which it has made the yardstick throughout the Group internationally.
The goal is to generate added value for its customers and to cultivate profitable growth for the company:
Broadband.
In the past four years, Deutsche Telekom has developed broadband communication into a mass market in Germany. In the future, Deutsche Telekom will be able to offer its customers an even broader portfolio of information, communication and entertainment services for the home. The selection ranges from personalized Internet services to movies and TV programs via broadband access.
Mobile Communications.
Deutsche Telekom has set a similar trend in mobile communications. Up to now, this market has featured different technologies and networks GSM, UMTS and WLAN. For customers, the underlying technology is basically of no relevance whatsoever. All they want is to use top-quality mobile services at a reasonable price. T-Mobile will therefore focus its activities to an even greater extent on providing excellent services that are straightforward and easy to use, but nonetheless create considerable added value for the customer.
Business Customers.
The new structure enables T-Systems, the Group unit responsible for business customers, to take a coordinated approach to marketing, and thus refine its customer support. In the extremely complex business customer segment, the company ensures customer proximity with the principle of one-stop shopping: one contact person, regardless of whether the customer requires information technology or telecommunications services. With its service portfolio, T-Systems can provide the full spectrum of ICT products and services on an integrated basis under the business flexibility performance promise. Our business customers are therefore able to tap added value as a result of being able to shape their business activities more flexibly and efficiently.
Unaudited and preliminary figures
11
FY 2003. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
Unadjusted |
|
||||||||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
55,838 |
|
(335 |
) |
1 |
|
55,503 |
|
|
|
|
|
|
|
|
|
55,838 |
|
(335 |
) |
1 |
|
55,503 |
|
Cost of sales |
|
(31,233 |
) |
1,886 |
|
|
|
(29,347 |
) |
(169 |
) |
147 |
|
15 |
|
(22 |
) |
(31,402 |
) |
2,033 |
|
|
|
(29,369 |
) |
Gross profit from sales |
|
24,605 |
|
1,551 |
|
|
|
26,156 |
|
(169 |
) |
147 |
|
|
|
(22 |
) |
24,436 |
|
1,698 |
|
|
|
26,134 |
|
Selling costs |
|
(13,420 |
) |
678 |
|
|
|
(12,742 |
) |
(85 |
) |
80 |
|
16 |
|
(5 |
) |
(13,505 |
) |
758 |
|
|
|
(12,747 |
) |
General administrative costs |
|
(4,635 |
) |
120 |
|
|
|
(4,515 |
) |
(341 |
) |
260 |
|
17 |
|
(81 |
) |
(4,976 |
) |
380 |
|
|
|
(4,596 |
) |
Other operating income |
|
3,402 |
|
(1,551 |
) |
|
|
1,851 |
|
1,156 |
|
(648 |
) |
18 |
|
508 |
|
4,558 |
|
(2,199 |
) |
|
|
2,359 |
|
Other operating expenses |
|
(4,710 |
) |
3,202 |
|
|
|
(1,508) |
|
(374 |
) |
(883 |
) |
19 |
|
(1,257 |
) |
(5,084 |
) |
2,319 |
|
|
|
(2,765 |
) |
Operating results |
|
5,242 |
|
4,000 |
|
2 |
|
9,242 |
|
187 |
|
(1,044 |
) |
|
|
(857 |
) |
5,429 |
|
2,956 |
|
2 |
|
8,385 |
|
Financial income (expense), net |
|
(4,120 |
) |
(758 |
) |
3 |
|
(4,878 |
) |
89 |
|
542 |
|
20 |
|
631 |
|
(4,031 |
) |
(216 |
) |
3 |
|
(4,247 |
) |
of which interest expenses |
|
(3,776 |
) |
(104 |
) |
|
|
(3,880 |
) |
0 |
|
0 |
|
|
|
0 |
|
(3,776 |
) |
(104 |
) |
|
|
(3,880 |
) |
Income (loss) before income taxes |
|
1,122 |
|
3,242 |
|
4 |
|
4,364 |
|
276 |
|
(502 |
) |
21 |
|
(226 |
) |
1,398 |
|
2,740 |
|
4 |
|
4,138 |
|
Income taxes |
|
(530 |
) |
(1,104 |
) |
5 |
|
(1,634 |
) |
755 |
|
(865 |
) |
22 |
|
(110 |
) |
225 |
|
(1,969 |
) |
5 |
|
(1,744 |
) |
Income (loss) after taxes |
|
592 |
|
2,138 |
|
6 |
|
2,730 |
|
1,031 |
|
(1,367 |
) |
|
|
(336 |
) |
1,623 |
|
771 |
|
6 |
|
2,394 |
|
Income (losses) applicable to minority shareholders |
|
(370 |
) |
(87 |
) |
7 |
|
(457 |
) |
0 |
|
0 |
|
23 |
|
0 |
|
(370 |
) |
(87 |
) |
7 |
|
(457 |
) |
Net income (loss) |
|
222 |
|
2,051 |
|
8 |
|
2,273 |
|
1,031 |
|
(1,367 |
) |
24 |
|
(336 |
) |
1,253 |
|
684 |
|
8 |
|
1,937 |
|
EBIT |
|
5,404 |
|
3,838 |
|
9 |
|
9,242 |
|
187 |
|
(1,044 |
) |
25 |
|
(857 |
) |
5,591 |
|
2,794 |
|
9 |
|
8,385 |
|
EBIT margin |
|
9.7 |
% |
7.0 |
%pts |
|
|
16.7 |
% |
|
|
|
|
|
|
|
|
10.0 |
% |
5.1 |
%pts |
|
|
15.1 |
% |
EBITDA |
|
18,288 |
|
284 |
|
10 |
|
18,572 |
|
187 |
|
(70 |
) |
26 |
|
117 |
|
18,475 |
|
214 |
|
10 |
|
18,689 |
|
EBITDA margin |
|
32.8 |
% |
0.7 |
%pts |
|
|
33.5 |
% |
|
|
|
|
|
|
|
|
33.1 |
% |
0.6 |
%pts |
|
|
33.7 |
% |
Depreciation and amortization |
|
(12,884 |
) |
3,554 |
|
11 |
|
(9,330 |
) |
0 |
|
(974 |
) |
27 |
|
(974 |
) |
(12,884 |
) |
2,580 |
|
11 |
|
(10,304 |
) |
Capex |
|
6,234 |
|
1,268 |
|
12 |
|
7,502 |
|
|
|
|
|
|
|
|
|
6,234 |
|
1,268 |
|
12 |
|
7,502 |
|
Free cash flow before dividend |
|
8,285 |
|
406 |
|
13 |
|
8,691 |
|
|
|
|
|
|
|
|
|
8,285 |
|
406 |
|
13 |
|
8,691 |
|
Net debt (billions of ) |
|
46.6 |
|
4.1 |
|
14 |
|
50.7 |
|
|
|
|
|
|
|
|
|
46.6 |
|
4.1 |
|
14 |
|
50.7 |
|
GHS |
|
GHS |
|
Delta |
|
FN |
|
GHS |
|
- |
|
GHS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
4,268 |
|
(2 |
) |
77 |
|
4,266 |
|
995 |
|
3,271 |
|
Net revenue |
|
304 |
|
2 |
|
78 |
|
306 |
|
71 |
|
235 |
|
EBITDA |
|
(276 |
) |
163 |
|
79 |
|
(113 |
) |
283 |
|
(396 |
) |
EBITDA margin |
|
(6.5 |
)% |
3.8 |
%pts |
|
|
(2.6 |
)%pts |
28.4 |
% |
(12.1 |
)% |
Special factors affecting EBITDA |
|
40 |
|
67 |
|
81 |
|
107 |
|
0 |
|
107 |
|
Adj. EBITDA |
|
(316 |
) |
96 |
|
82 |
|
(220 |
) |
283 |
|
(503 |
) |
Adj. EBITDA margin |
|
(7.4 |
)% |
2.2 |
%pts |
|
|
(5.2 |
)% |
28.4 |
% |
(15.4 |
)% |
Depreciation and amortization |
|
(881 |
) |
61 |
|
84 |
|
(820 |
) |
(49 |
) |
(771 |
) |
Financial income (expense), net |
|
(2,877 |
) |
(452 |
) |
85 |
|
(3,329 |
) |
(1 |
) |
3,328 |
|
Income (loss) before income taxes |
|
(4,071 |
) |
(191 |
) |
86 |
|
(4,262 |
) |
233 |
|
(4,495 |
) |
Capex |
|
416 |
|
479 |
|
87 |
|
895 |
|
33 |
|
862 |
|
Number of employees (average) |
|
25,203 |
|
0 |
|
|
|
25,203 |
|
1,294 |
|
23,909 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
Consolidation |
|
Consolidation |
|
Delta |
|
FN |
|
Consolidation |
|
Delta |
|
Consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(12,879 |
) |
(286 |
) |
|
|
(13,165 |
) |
(33 |
) |
(13,198 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(176 |
) |
90 |
|
|
|
(86 |
) |
69 |
|
(17 |
) |
Special factors affecting EBITDA |
|
(28 |
) |
(11 |
) |
|
|
24 |
|
22 |
|
0 |
|
Adj. EBITDA |
|
(148 |
) |
86 |
|
|
|
(62 |
) |
62 |
|
(17 |
) |
Depreciation and amortization |
|
291 |
|
(242 |
) |
|
|
49 |
|
(1 |
) |
48 |
|
Financial income (expense), net |
|
311 |
|
(235 |
) |
|
|
76 |
|
0 |
|
76 |
|
Income (loss) before income taxes |
|
425 |
|
(386 |
) |
|
|
39 |
|
68 |
|
107 |
|
Capex |
|
(64 |
) |
25 |
|
|
|
(39 |
) |
(70 |
) |
(109 |
) |
Unaudited and preliminary figures
12
Business unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,851 |
|
0 |
|
37 |
|
1,851 |
|
Net revenue |
|
1,662 |
|
1 |
|
38 |
|
1,663 |
|
EBITDA |
|
335 |
|
4 |
|
39 |
|
339 |
|
EBITDA margin |
|
18.1 |
% |
0.2 |
%pts |
|
|
18.3 |
% |
Special factors affecting EBITDA |
|
25 |
|
(1 |
) |
40 |
|
24 |
|
Adj. EBITDA |
|
310 |
|
5 |
|
41 |
|
315 |
|
Adj. EBITDA margin |
|
16.7 |
% |
0.3 |
%pts |
|
|
17.0 |
% |
Depreciation and amortization |
|
(430 |
) |
348 |
|
42 |
|
(82 |
) |
Financial income (expense), net |
|
200 |
|
(54 |
) |
43 |
|
146 |
|
Income (loss) before income taxes |
|
104 |
|
299 |
|
44 |
|
403 |
|
Capex |
|
81 |
|
9 |
|
45 |
|
90 |
|
Number of employees (average) |
|
2,637 |
|
0 |
|
|
|
2,637 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T-Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com |
|
+ |
|
- |
|
Consolidation |
|
T-Com |
|
+ |
|
Consolidation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
29,206 |
|
1,187 |
|
(135 |
) |
28 |
|
27,884 |
|
1,884 |
|
2,730 |
|
168 |
|
27,206 |
|
1,851 |
|
(762 |
) |
28,295 |
|
of which domestic |
|
25,351 |
|
0 |
|
(126 |
) |
|
|
25,225 |
|
|
|
|
|
n.a. |
|
24,599 |
|
1,682 |
|
(762 |
) |
25,519 |
|
of which international |
|
3,855 |
|
1,187 |
|
(9 |
) |
|
|
2,659 |
|
|
|
|
|
n.a. |
|
2,607 |
|
169 |
|
0 |
|
2,776 |
|
Net revenue |
|
25,116 |
|
|
|
(1,420 |
) |
29 |
|
23,696 |
|
793 |
|
2,955 |
|
0 |
|
21,534 |
|
1,663 |
|
0 |
|
23,197 |
|
EBITDA |
|
10,164 |
|
598 |
|
253 |
|
30 |
|
9,819 |
|
187 |
|
(73 |
) |
1 |
|
10,080 |
|
339 |
|
(51 |
) |
10,368 |
|
of which domestic |
|
8,541 |
|
0 |
|
310 |
|
|
|
8,851 |
|
|
|
|
|
n.a. |
|
9,111 |
|
385 |
|
(51 |
) |
9,445 |
|
of which international |
|
1,623 |
|
598 |
|
(57 |
) |
|
|
968 |
|
|
|
|
|
n.a. |
|
969 |
|
(46 |
) |
0 |
|
923 |
|
EBITDA margin |
|
34.8 |
% |
50.4 |
% |
|
|
|
|
35.2 |
% |
9.9 |
% |
(2.7 |
)% |
|
|
37.1 |
% |
18.3 |
% |
|
|
36.6 |
% |
Special factors affecting EBITDA |
|
(192 |
) |
0 |
|
135 |
|
31 |
|
(57 |
) |
0 |
|
17 |
|
34 |
|
(40 |
) |
24 |
|
(24 |
) |
(40 |
) |
Adj. EBITDA |
|
10,356 |
|
598 |
|
118 |
|
32 |
|
9,876 |
|
187 |
|
(90 |
) |
(33 |
) |
10,120 |
|
315 |
|
(27 |
) |
10,408 |
|
of which domestic |
|
8,667 |
|
0 |
|
175 |
|
|
|
8,842 |
|
|
|
|
|
n.a. |
|
9,085 |
|
361 |
|
(27 |
) |
9,419 |
|
of which international |
|
1,689 |
|
598 |
|
(57 |
) |
|
|
1,034 |
|
|
|
|
|
n.a. |
|
1,035 |
|
(46 |
) |
0 |
|
989 |
|
Adj. EBITDA margin |
|
35.5 |
% |
50.4 |
% |
|
|
|
|
35.4 |
% |
9.9 |
% |
(3.3 |
)% |
|
|
37.2 |
% |
17.0 |
% |
|
|
36.8 |
% |
Depreciation and amortization |
|
(5,169 |
) |
(295 |
) |
213 |
|
33 |
|
(4,661 |
) |
(65 |
) |
(64 |
) |
(3 |
) |
(4,665 |
) |
(82 |
) |
0 |
|
(4,747 |
) |
Financial income (expense), net |
|
(284 |
) |
(286 |
) |
(155 |
) |
34 |
|
(153 |
) |
(7 |
) |
78 |
|
77 |
|
(161 |
) |
146 |
|
0 |
|
(15 |
) |
Income (loss) before income taxes |
|
4,690 |
|
17 |
|
332 |
|
35 |
|
5,005 |
|
115 |
|
(59 |
) |
75 |
|
5,254 |
|
403 |
|
(51 |
) |
5,606 |
|
Capex |
|
2,129 |
|
229 |
|
(30 |
) |
36 |
|
1,870 |
|
17 |
|
51 |
|
3 |
|
1,839 |
|
90 |
|
65 |
|
1,994 |
|
of which domestic |
|
1,516 |
|
0 |
|
(33 |
) |
|
|
1,483 |
|
|
|
|
|
n.a. |
|
1,452 |
|
71 |
|
65 |
|
1,588 |
|
of which international |
|
613 |
|
229 |
|
3 |
|
|
|
387 |
|
|
|
|
|
n.a. |
|
387 |
|
19 |
|
0 |
|
406 |
|
Number of employees (average) |
|
139,548 |
|
3,132 |
|
0 |
|
|
|
136,416 |
|
880 |
|
11,868 |
|
0 |
|
125,428 |
|
2,637 |
|
0 |
|
128,064 |
|
of which domestic |
|
106,571 |
|
0 |
|
0 |
|
|
|
106,571 |
|
880 |
|
11,868 |
|
0 |
|
95,583 |
|
1,937 |
|
0 |
|
97,520 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary figures
13
Business unit
Mobile Communications
T-MObile |
|
T-Mobile |
|
+ |
|
Delta |
|
FN |
|
T-Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
22,778 |
|
1,475 |
|
(55 |
) |
46 |
|
24,198 |
|
Net revenue |
|
21,572 |
|
1,287 |
|
(55 |
) |
47 |
|
22,804 |
|
EBITDA |
|
7,016 |
|
603 |
|
(417 |
) |
48 |
|
7,202 |
|
EBITDA margin |
|
30.8 |
% |
40.9 |
% |
|
|
|
|
29.8 |
% |
Special factors affecting EBITDA |
|
345 |
|
0 |
|
(345 |
) |
49 |
|
0 |
|
Adj. EBITDA |
|
6,671 |
|
603 |
|
(72 |
) |
50 |
|
7,202 |
|
Adj. EBITDA margin |
|
29.3 |
% |
40.9 |
% |
|
|
|
|
29.8 |
% |
Depreciation and amortization |
|
(5,196 |
) |
(292 |
) |
1,720 |
|
51 |
|
(3,768 |
) |
Financial income (expense), net |
|
(895 |
) |
(18 |
) |
448 |
|
52 |
|
(465 |
) |
Income (loss) before income taxes |
|
831 |
|
293 |
|
1,845 |
|
53 |
|
2,969 |
|
Capex |
|
3,012 |
|
222 |
|
586 |
|
54 |
|
3,820 |
|
Number of employees (average) |
|
41,767 |
|
3,132 |
|
0 |
|
|
|
44,899 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business unit
Business
Customers
T-Systems |
|
T-Systems |
|
Delta |
|
FN |
|
T-Systems |
|
- |
|
+ |
|
+ |
|
Consolidation |
|
Business |
|
Enterprise |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
10,614 |
|
(145 |
) |
67 |
|
10,469 |
|
1,604 |
|
1,007 |
|
4,463 |
|
(1,398 |
) |
12,937 |
|
8,235 |
|
4,702 |
|
Net revenue |
|
7,184 |
|
(150 |
) |
68 |
|
7,034 |
|
793 |
|
71 |
|
2,955 |
|
0 |
|
9,267 |
|
4,696 |
|
4,571 |
|
EBITDA |
|
1,412 |
|
116 |
|
69 |
|
1,528 |
|
232 |
|
283 |
|
(27 |
) |
(20 |
) |
1,532 |
|
1,383 |
|
149 |
|
EBITDA margin |
|
13.3 |
% |
1.3 |
%pts |
|
|
14.6 |
% |
14.5 |
% |
28.1 |
% |
(0.6 |
)% |
|
|
11.8 |
% |
16.8 |
% |
3.2 |
% |
Special factors affecting EBITDA |
|
(3 |
) |
70 |
|
70 |
|
67 |
|
0 |
|
0 |
|
(17 |
) |
0 |
|
50 |
|
(39 |
) |
89 |
|
Adj. EBITDA |
|
1,415 |
|
46 |
|
71 |
|
1,461 |
|
232 |
|
283 |
|
(10 |
) |
(20 |
) |
1,482 |
|
1,422 |
|
60 |
|
Adj. EBITDA margin |
|
13.3 |
% |
0.6 |
%pts |
|
|
14.0 |
% |
14.5 |
% |
28.1 |
% |
(0.2 |
)% |
|
|
11.5 |
% |
17.3 |
% |
1.3 |
% |
Depreciation and amortization |
|
(1,499 |
) |
477 |
|
72 |
|
(1,022 |
) |
(65 |
) |
(49 |
) |
(64 |
) |
4 |
|
(1,066 |
) |
(796 |
) |
(272 |
) |
EBIT |
|
(87 |
) |
593 |
|
73 |
|
506 |
|
167 |
|
234 |
|
(91 |
) |
(15 |
) |
466 |
|
589 |
|
(123 |
) |
Financial income (expense), net |
|
(486 |
) |
(36 |
) |
74 |
|
(522 |
) |
(7 |
) |
0 |
|
1 |
|
0 |
|
(515 |
) |
(374 |
) |
5 |
|
Income (loss) before income taxes |
|
(581 |
) |
565 |
|
75 |
|
(15 |
) |
161 |
|
233 |
|
(91 |
) |
(16 |
) |
(49 |
) |
215 |
|
(118 |
) |
Capex |
|
660 |
|
206 |
|
76 |
|
866 |
|
17 |
|
33 |
|
50 |
|
2 |
|
934 |
|
768 |
|
166 |
|
Number of employees (average) |
|
42,108 |
|
0 |
|
|
|
42,108 |
|
880 |
|
1,294 |
|
11,868 |
|
0 |
|
54,390 |
|
36,554 |
|
17,836 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
|
All figures in millions of ,
calculated and rounded on the basis of precise figures
Unaudited and preliminary figures
14
Q1 2004. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
Unadjusted |
|
||||||||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
13,986 |
|
(96 |
) |
1 |
|
13,890 |
|
|
|
|
|
|
|
|
|
13,986 |
|
(96 |
) |
1 |
|
13,890 |
|
Cost of sales |
|
(7,570 |
) |
351 |
|
|
|
(7,219 |
) |
0 |
|
0 |
|
15 |
|
0 |
|
(7,570 |
) |
351 |
|
|
|
(7,219 |
) |
Gross profit from sales |
|
6,416 |
|
255 |
|
|
|
6,671 |
|
0 |
|
0 |
|
|
|
0 |
|
6,416 |
|
255 |
|
|
|
6,671 |
|
Selling costs |
|
(3,295 |
) |
88 |
|
|
|
(3,207 |
) |
0 |
|
0 |
|
16 |
|
0 |
|
(3,295 |
) |
88 |
|
|
|
(3,207 |
) |
General administrative costs |
|
(1,105 |
) |
71 |
|
|
|
(1,034 |
) |
0 |
|
0 |
|
17 |
|
0 |
|
(1,105 |
) |
71 |
|
|
|
(1,034 |
) |
Other operating income |
|
731 |
|
(370 |
) |
|
|
361 |
|
0 |
|
0 |
|
18 |
|
0 |
|
731 |
|
(370 |
) |
|
|
361 |
|
Other operating expenses |
|
(1,222 |
) |
916 |
|
|
|
(306 |
) |
(69 |
) |
0 |
|
19 |
|
(69 |
) |
(1,291 |
) |
916 |
|
|
|
(375 |
) |
Operating results |
|
1,525 |
|
960 |
|
2 |
|
2,485 |
|
(69 |
) |
0 |
|
|
|
(69 |
) |
1,456 |
|
960 |
|
2 |
|
2,416 |
|
Financial income (expense), net |
|
(1,110 |
) |
(114 |
) |
3 |
|
(1,224 |
) |
0 |
|
0 |
|
20 |
|
0 |
|
(1,110 |
) |
(114 |
) |
3 |
|
(1,224 |
) |
of which interest expenses |
|
(973 |
) |
36 |
|
|
|
(937 |
) |
0 |
|
0 |
|
|
|
0 |
|
(973 |
) |
36 |
|
|
|
(937 |
) |
Income (loss) before income taxes |
|
415 |
|
846 |
|
4 |
|
1,261 |
|
(69 |
) |
0 |
|
21 |
|
(69 |
) |
346 |
|
846 |
|
4 |
|
1,192 |
|
Income taxes |
|
(91 |
) |
(349 |
) |
5 |
|
(440 |
) |
11 |
|
(1 |
) |
22 |
|
10 |
|
(80 |
) |
(350 |
) |
5 |
|
(430 |
) |
Income (loss) after taxes |
|
324 |
|
497 |
|
6 |
|
821 |
|
(58 |
) |
(1 |
) |
|
|
(59 |
) |
266 |
|
496 |
|
6 |
|
762 |
|
Income (losses) applicable to minority shareholders |
|
(97 |
) |
(33 |
) |
7 |
|
(130 |
) |
0 |
|
0 |
|
23 |
|
0 |
|
(97 |
) |
(33 |
) |
7 |
|
(130 |
) |
Net income (loss) |
|
227 |
|
464 |
|
8 |
|
691 |
|
(58 |
) |
(1 |
) |
24 |
|
(59 |
) |
169 |
|
463 |
|
8 |
|
632 |
|
EBIT |
|
1,569 |
|
916 |
|
9 |
|
2,485 |
|
(69 |
) |
0 |
|
25 |
|
(69 |
) |
1,500 |
|
916 |
|
9 |
|
2,416 |
|
EBIT margin |
|
11.2 |
% |
6.7 |
%pts |
|
|
17.9 |
% |
|
|
|
|
|
|
|
|
10.7 |
% |
6.7 |
%pts |
|
|
17.4 |
% |
EBITDA |
|
4,585 |
|
90 |
|
10 |
|
4,675 |
|
(69 |
) |
0 |
|
26 |
|
(69 |
) |
4,516 |
|
90 |
|
10 |
|
4,606 |
|
EBITDA margin |
|
32.8 |
% |
0.9 |
%pts |
|
|
33.7 |
% |
|
|
|
|
|
|
|
|
32.3 |
% |
0.9 |
%pts |
|
|
33.2 |
% |
Depreciation and amortization |
|
(3,016 |
) |
826 |
|
11 |
|
(2,190 |
) |
0 |
|
0 |
|
27 |
|
0 |
|
(3,016 |
) |
826 |
|
11 |
|
(2,190 |
) |
Capex |
|
1,019 |
|
(109 |
) |
12 |
|
910 |
|
|
|
|
|
|
|
|
|
1,019 |
|
(109 |
) |
12 |
|
910 |
|
Free cash flow before dividend |
|
2,900 |
|
51 |
|
13 |
|
2,951 |
|
|
|
|
|
|
|
|
|
2,900 |
|
51 |
|
13 |
|
2,951 |
|
Net debt (billions of ) |
|
44.6 |
|
4.3 |
|
14 |
|
48.9 |
|
|
|
|
|
|
|
|
|
44.6 |
|
4.3 |
|
14 |
|
48.9 |
|
GHS |
|
GHS |
|
Delta |
|
FN |
|
GHS |
|
- |
|
GHS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,090 |
|
(5 |
) |
77 |
|
1,085 |
|
219 |
|
866 |
|
Net revenue |
|
80 |
|
0 |
|
78 |
|
80 |
|
18 |
|
62 |
|
EBITDA |
|
(163 |
) |
98 |
|
79 |
|
(65 |
) |
55 |
|
(120 |
) |
of which Vivento |
|
(250 |
) |
42 |
|
80 |
|
(208 |
) |
0 |
|
(208 |
) |
EBITDA margin |
|
(15.0 |
)% |
9.0 |
%pts |
|
|
(6.0 |
)% |
25.1 |
% |
(13.9 |
)% |
Special factors affecting EBITDA |
|
(33 |
) |
0 |
|
81 |
|
(33 |
) |
0 |
|
(33 |
) |
Adj. EBITDA |
|
(130 |
) |
98 |
|
82 |
|
(32 |
) |
55 |
|
(87 |
) |
of which Vivento |
|
(217 |
) |
42 |
|
83 |
|
(175 |
) |
0 |
|
(175 |
) |
Adj. EBITDA margin |
|
(11.9 |
)% |
9.0 |
%pts |
|
|
(2.9 |
)% |
25.1 |
% |
(10.0 |
)% |
Depreciation and amortization |
|
(212 |
) |
0 |
|
84 |
|
(212 |
) |
(8 |
) |
(204 |
) |
Financial income (expense), net |
|
(768 |
) |
(44 |
) |
85 |
|
(812 |
) |
0 |
|
(812 |
) |
Income (loss) before income taxes |
|
(1,156 |
) |
67 |
|
86 |
|
(1,089 |
) |
47 |
|
(1,136 |
) |
Capex |
|
57 |
|
4 |
|
87 |
|
61 |
|
3 |
|
58 |
|
Number of employees (average) |
|
36,239 |
|
0 |
|
|
|
36,239 |
|
1,320 |
|
34,919 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
Consolidation |
|
Consolidation |
|
Delta |
|
FN |
|
Consolidation |
|
Delta |
|
Consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(2,991 |
) |
(61 |
) |
|
|
(3,052 |
) |
(212 |
) |
(3,264 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(23 |
) |
(26 |
) |
|
|
(49 |
) |
(1 |
) |
(50 |
) |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
|
|
0 |
|
(3 |
) |
(3 |
) |
Adj. EBITDA |
|
(23 |
) |
(26 |
) |
|
|
(49 |
) |
2 |
|
(47 |
) |
Depreciation and amortization |
|
63 |
|
(52 |
) |
|
|
11 |
|
2 |
|
13 |
|
Financial income (expense), net |
|
61 |
|
(293 |
) |
|
|
(232 |
) |
(1 |
) |
(233 |
) |
Income (loss) before income taxes |
|
100 |
|
(370 |
) |
|
|
(270 |
) |
0 |
|
(270 |
) |
Capex |
|
(13 |
) |
(36 |
) |
|
|
(49 |
) |
1 |
|
(48 |
) |
Unaudited and preliminary figures
15
Business unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
493 |
|
(4 |
) |
37 |
|
489 |
|
Net revenue(1) |
|
453 |
|
(5 |
) |
38 |
|
448 |
|
EBITDA |
|
119 |
|
(1 |
) |
39 |
|
118 |
|
EBITDA margin |
|
24.1 |
% |
0.0 |
%pts |
|
|
24.1 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
40 |
|
0 |
|
Adj. EBITDA |
|
119 |
|
(1 |
) |
41 |
|
118 |
|
Adj. EBITDA margin |
|
24.1 |
% |
0.0 |
%pts |
|
|
24.1 |
% |
Depreciation and amortization |
|
(109 |
) |
87 |
|
42 |
|
(22 |
) |
Financial income (expense), net |
|
27 |
|
3 |
|
43 |
|
30 |
|
Income (loss) before income taxes |
|
37 |
|
89 |
|
44 |
|
126 |
|
Capex |
|
12 |
|
1 |
|
45 |
|
13 |
|
Number of employees (average) |
|
2,918 |
|
0 |
|
|
|
2,918 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T-Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com IFRS old |
|
+ |
|
- |
|
Consolidation |
|
T-Com |
|
+ |
|
Consolidation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,975 |
|
286 |
|
(57 |
) |
28 |
|
6,632 |
|
418 |
|
563 |
|
112 |
|
6,599 |
|
489 |
|
(147 |
) |
6,941 |
|
of which domestic |
|
6,059 |
|
0 |
|
(54 |
) |
|
|
6,005 |
|
|
|
|
|
n.a. |
|
5,982 |
|
439 |
|
(147 |
) |
6,274 |
|
of which international |
|
916 |
|
286 |
|
(3 |
) |
|
|
627 |
|
|
|
|
|
n.a. |
|
617 |
|
50 |
|
0 |
|
667 |
|
Net revenue |
|
6,053 |
|
|
|
(368 |
) |
29 |
|
5,685 |
|
196 |
|
676 |
|
0 |
|
5,205 |
|
448 |
|
0 |
|
5,653 |
|
EBITDA |
|
2,605 |
|
149 |
|
(6 |
) |
30 |
|
2,450 |
|
4 |
|
8 |
|
11 |
|
2,457 |
|
118 |
|
(16 |
) |
2,559 |
|
of which domestic |
|
2,181 |
|
0 |
|
3 |
|
|
|
2,184 |
|
|
|
|
|
n.a. |
|
2,191 |
|
121 |
|
(16 |
) |
2,296 |
|
of which international |
|
424 |
|
149 |
|
(9 |
) |
|
|
266 |
|
|
|
|
|
n.a. |
|
266 |
|
(3 |
) |
0 |
|
263 |
|
EBITDA margin |
|
37.3 |
% |
52.1 |
% |
|
|
|
|
36.9 |
% |
1.0 |
% |
1.4 |
% |
|
|
37.2 |
% |
24.1 |
% |
|
|
36.9 |
% |
Special factors affecting EBITDA |
|
(36 |
) |
0 |
|
0 |
|
31 |
|
(36 |
) |
0 |
|
4 |
|
7 |
|
(33 |
) |
0 |
|
0 |
|
(33 |
) |
Adj. EBITDA |
|
2,641 |
|
149 |
|
(6 |
) |
32 |
|
2,486 |
|
4 |
|
4 |
|
4 |
|
2,490 |
|
118 |
|
(16 |
) |
2,592 |
|
of which domestic |
|
2,217 |
|
0 |
|
3 |
|
|
|
2,220 |
|
|
|
|
|
n.a. |
|
2,224 |
|
121 |
|
(16 |
) |
2,329 |
|
of which international |
|
424 |
|
149 |
|
(9 |
) |
|
|
266 |
|
|
|
|
|
n.a. |
|
266 |
|
(3 |
) |
0 |
|
263 |
|
Adj. EBITDA margin |
|
37.9 |
% |
52.1 |
% |
|
|
|
|
37.5 |
% |
1.0 |
% |
0.7 |
% |
|
|
37.7 |
% |
24.1 |
% |
|
|
37.3 |
% |
Depreciation and amortization |
|
(1,184 |
) |
(50 |
) |
78 |
|
33 |
|
(1,056 |
) |
(17 |
) |
(16 |
) |
(1 |
) |
(1,058 |
) |
(22 |
) |
(2 |
) |
(1,082 |
) |
Financial income (expense), net |
|
(15 |
) |
(278 |
) |
(38 |
) |
34 |
|
225 |
|
1 |
|
(11 |
) |
(7 |
) |
230 |
|
30 |
|
1 |
|
261 |
|
Income (loss) before income taxes |
|
1,399 |
|
(179 |
) |
41 |
|
35 |
|
1,619 |
|
(12 |
) |
(19 |
) |
3 |
|
1,629 |
|
126 |
|
(17 |
) |
1,738 |
|
Capex |
|
384 |
|
38 |
|
(1 |
) |
36 |
|
345 |
|
4 |
|
6 |
|
2 |
|
345 |
|
13 |
|
0 |
|
358 |
|
of which domestic |
|
292 |
|
0 |
|
(1 |
) |
|
|
291 |
|
|
|
|
|
n.a. |
|
291 |
|
7 |
|
0 |
|
298 |
|
of which international |
|
92 |
|
38 |
|
0 |
|
|
|
54 |
|
|
|
|
|
n.a. |
|
54 |
|
6 |
|
0 |
|
60 |
|
Number of employees (average) |
|
125,700 |
|
3,185 |
|
0 |
|
|
|
122,515 |
|
628 |
|
11,313 |
|
0 |
|
111,830 |
|
2,918 |
|
0 |
|
114,748 |
|
of which domestic |
|
94,506 |
|
0 |
|
0 |
|
|
|
94,506 |
|
628 |
|
11,313 |
|
0 |
|
83,821 |
|
2,107 |
|
0 |
|
85,928 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary Figures
16
Business
unit
Mobile Communications
T-Mobile |
|
T-Mobile |
|
+ |
|
Delta |
|
FN |
|
T-Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
5,944 |
|
347 |
|
(19 |
) |
46 |
|
6,272 |
|
Net revenue |
|
5,678 |
|
306 |
|
(18 |
) |
47 |
|
5,966 |
|
EBITDA |
|
1,677 |
|
148 |
|
1 |
|
48 |
|
1,826 |
|
EBITDA margin |
|
28.2 |
% |
42.7 |
% |
|
|
|
|
29.1 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
49 |
|
0 |
|
Adj. EBITDA |
|
1,677 |
|
148 |
|
1 |
|
50 |
|
1,826 |
|
Adj. EBITDA margin |
|
28.2 |
% |
42.7 |
% |
|
|
|
|
29.1 |
% |
Depreciation and amortization |
|
(1,234 |
) |
(50 |
) |
599 |
|
51 |
|
(685 |
) |
Financial income (expense), net |
|
(265 |
) |
(5 |
) |
(4 |
) |
52 |
|
(274 |
) |
Income (loss) before income taxes |
|
156 |
|
93 |
|
618 |
|
53 |
|
867 |
|
Capex |
|
452 |
|
42 |
|
(91 |
) |
54 |
|
403 |
|
Number of employees (average) |
|
43,152 |
|
3,185 |
|
0 |
|
|
|
46,337 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business unit
Business
Customers
T-Systems |
|
T-Systems |
|
Delta |
|
FN |
|
T-Systems |
|
- |
|
+ |
|
+ |
|
Consolidation |
|
Business |
|
Enterprise |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,475 |
|
(11 |
) |
67 |
|
2,464 |
|
384 |
|
222 |
|
1,044 |
|
(271 |
) |
3,075 |
|
1,907 |
|
1,168 |
|
Net revenue |
|
1,722 |
|
(11 |
) |
68 |
|
1,711 |
|
196 |
|
18 |
|
676 |
|
(1 |
) |
2,209 |
|
1,147 |
|
1,062 |
|
EBITDA |
|
301 |
|
25 |
|
69 |
|
326 |
|
16 |
|
56 |
|
19 |
|
5 |
|
390 |
|
319 |
|
71 |
|
EBITDA margin |
|
12.2 |
% |
1.1 |
%pts |
|
|
13.2 |
% |
4.2 |
% |
25.3 |
% |
1.8 |
% |
|
|
12.7 |
% |
16.7 |
% |
6.1 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
70 |
|
0 |
|
0 |
|
0 |
|
(3 |
) |
0 |
|
(3 |
) |
0 |
|
(3 |
) |
Adj. EBITDA |
|
301 |
|
25 |
|
71 |
|
326 |
|
16 |
|
56 |
|
22 |
|
5 |
|
393 |
|
319 |
|
74 |
|
Adj. EBITDA margin |
|
12.2 |
% |
1.1 |
%pts |
|
|
13.2 |
% |
4.2 |
% |
25.3 |
% |
2.1 |
% |
|
|
12.8 |
% |
16.7 |
% |
6.3 |
% |
Depreciation and amortization |
|
(340 |
) |
114 |
|
72 |
|
(226 |
) |
(17 |
) |
(8 |
) |
(16 |
) |
2 |
|
(232 |
) |
(174 |
) |
(58 |
) |
EBIT |
|
(39 |
) |
139 |
|
73 |
|
100 |
|
(1 |
) |
48 |
|
3 |
|
7 |
|
159 |
|
146 |
|
13 |
|
Financial income (expense), net |
|
(150 |
) |
(11 |
) |
74 |
|
(161 |
) |
0 |
|
0 |
|
(4 |
) |
(1 |
) |
(166 |
) |
(131 |
) |
(3 |
) |
Income (loss) before income taxes |
|
(190 |
) |
129 |
|
75 |
|
(61 |
) |
(1 |
) |
48 |
|
(1 |
) |
6 |
|
(7 |
) |
14 |
|
9 |
|
Capex |
|
127 |
|
10 |
|
76 |
|
137 |
|
4 |
|
2 |
|
6 |
|
(2 |
) |
139 |
|
114 |
|
25 |
|
Number of employees (average) |
|
40,352 |
|
0 |
|
|
|
40,352 |
|
628 |
|
1,320 |
|
11,313 |
|
0 |
|
52,357 |
|
35,110 |
|
17,247 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
|
All
figures in millions of ,
calculated and rounded on the basis of precise figures
Unaudited and preliminary Figures
17
Q2 2004. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
Unadjusted |
|
||||||||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
14,412 |
|
(35 |
) |
1 |
|
14,377 |
|
|
|
|
|
|
|
|
|
14,412 |
|
(35 |
) |
1 |
|
14,377 |
|
Cost of sales |
|
(7,766 |
) |
148 |
|
|
|
(7,618 |
) |
0 |
|
(1,353 |
) |
15 |
|
(1,353 |
) |
(7,766 |
) |
(1,205 |
) |
|
|
(8,971 |
) |
Gross profit from sales |
|
6,646 |
|
113 |
|
|
|
6,759 |
|
0 |
|
(1,353 |
) |
|
|
(1,353 |
) |
6,646 |
|
(1,240 |
) |
|
|
5,406 |
|
Selling costs |
|
(3,274 |
) |
202 |
|
|
|
(3,072 |
) |
0 |
|
0 |
|
16 |
|
0 |
|
(3,274 |
) |
202 |
|
|
|
(3,072 |
) |
General administrative costs |
|
(1,129 |
) |
(19 |
) |
|
|
(1,148 |
) |
0 |
|
0 |
|
17 |
|
0 |
|
(1,129 |
) |
(19 |
) |
|
|
(1,148 |
) |
Other operating income |
|
780 |
|
(382 |
) |
|
|
398 |
|
1,978 |
|
(1,903 |
) |
18 |
|
75 |
|
2,758 |
|
(2,285 |
) |
|
|
473 |
|
Other operating expenses |
|
(1,308 |
) |
933 |
|
|
|
(375 |
) |
(606 |
) |
606 |
|
19 |
|
0 |
|
(1,914 |
) |
1,539 |
|
|
|
(375 |
) |
Operating results |
|
1,715 |
|
847 |
|
2 |
|
2,562 |
|
1,372 |
|
(2,650 |
) |
|
|
(1,278 |
) |
3,087 |
|
(1,803 |
) |
2 |
|
1,284 |
|
Financial income (expense), net |
|
(681 |
) |
(107 |
) |
3 |
|
(788 |
) |
0 |
|
92 |
|
20 |
|
92 |
|
(681 |
) |
(15 |
) |
3 |
|
(696 |
) |
of which interest expenses |
|
(795 |
) |
(124 |
) |
|
|
(919 |
) |
0 |
|
0 |
|
|
|
0 |
|
(795 |
) |
(124 |
) |
|
|
(919 |
) |
Income (loss) before income taxes |
|
1,034 |
|
740 |
|
4 |
|
1,774 |
|
1,372 |
|
(2,558 |
) |
21 |
|
(1,186 |
) |
2,406 |
|
(1,818 |
) |
4 |
|
588 |
|
Income taxes |
|
(213 |
) |
(217 |
) |
5 |
|
(430 |
) |
(445 |
) |
986 |
|
22 |
|
541 |
|
(658 |
) |
769 |
|
5 |
|
111 |
|
Income (loss) after taxes |
|
821 |
|
523 |
|
6 |
|
1,344 |
|
927 |
|
(1,572 |
) |
|
|
(645 |
) |
1,748 |
|
(1,049 |
) |
6 |
|
699 |
|
Income (losses) applicable to minority shareholders |
|
(93 |
) |
(29 |
) |
7 |
|
(122 |
) |
0 |
|
0 |
|
23 |
|
0 |
|
(93 |
) |
(29 |
) |
7 |
|
(122 |
) |
Net income (loss) |
|
728 |
|
494 |
|
8 |
|
1,222 |
|
927 |
|
(1,572 |
) |
24 |
|
(645 |
) |
1,655 |
|
(1,078 |
) |
8 |
|
577 |
|
EBIT |
|
1,768 |
|
794 |
|
9 |
|
2,562 |
|
1,372 |
|
(2,650 |
) |
25 |
|
(1,278 |
) |
3,140 |
|
(1,856 |
) |
9 |
|
1,284 |
|
EBIT margin |
|
12.3 |
% |
5.5 |
%pts |
|
|
17.8 |
% |
|
|
|
|
|
|
|
|
21.8 |
% |
(12.9 |
)%pts |
|
|
8.9 |
% |
EBITDA |
|
4,783 |
|
140 |
|
10 |
|
4,923 |
|
1,372 |
|
(1,297 |
) |
26 |
|
75 |
|
6,155 |
|
(1,157 |
) |
10 |
|
4,998 |
|
EBITDA margin |
|
33.2 |
% |
1.0 |
%pts |
|
|
34.2 |
% |
|
|
|
|
|
|
|
|
42.7 |
% |
(7.9 |
)%pts |
|
|
34.8 |
% |
Depreciation and amortization |
|
(3,015 |
) |
654 |
|
11 |
|
(2,361 |
) |
0 |
|
(1,353 |
) |
27 |
|
(1,353 |
) |
(3,015 |
) |
(699 |
) |
11 |
|
(3,714 |
) |
Capex |
|
1,517 |
|
163 |
|
12 |
|
1,680 |
|
|
|
|
|
|
|
|
|
1,517 |
|
163 |
|
12 |
|
1,680 |
|
Free cash flow before dividend |
|
1,294 |
|
31 |
|
13 |
|
1,325 |
|
|
|
|
|
|
|
|
|
1,294 |
|
31 |
|
13 |
|
1,325 |
|
Net debt (billions of ) |
|
43.3 |
|
4.0 |
|
14 |
|
47.3 |
|
|
|
|
|
|
|
|
|
43.3 |
|
4.0 |
|
14 |
|
47.3 |
|
GHS |
|
GHS |
|
Delta |
|
FN |
|
GHS |
|
- |
|
GHS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,154 |
|
(4 |
) |
77 |
|
1,150 |
|
268 |
|
882 |
|
Net revenue |
|
84 |
|
0 |
|
78 |
|
84 |
|
15 |
|
69 |
|
EBITDA |
|
(81 |
) |
30 |
|
79 |
|
(51 |
) |
71 |
|
(122 |
) |
of which Vivento |
|
(261 |
) |
32 |
|
80 |
|
(229 |
) |
0 |
|
(229 |
) |
EBITDA margin |
|
(7.0 |
)% |
2.6 |
%pts |
|
|
(4.4 |
)% |
26.5 |
% |
(13.8 |
)% |
Special factors affecting EBITDA |
|
135 |
|
(92 |
) |
81 |
|
43 |
|
0 |
|
43 |
|
Adj. EBITDA |
|
(216 |
) |
122 |
|
82 |
|
(94 |
) |
71 |
|
(165 |
) |
of which Vivento |
|
(304 |
) |
32 |
|
83 |
|
(272 |
) |
0 |
|
(272 |
) |
Adj. EBITDA margin |
|
(18.7 |
)% |
10.5 |
%pts |
|
|
(8.2 |
)% |
26.5 |
% |
(18.7 |
)% |
Depreciation and amortization |
|
(173 |
) |
(33 |
) |
84 |
|
(206 |
) |
(10 |
) |
(196 |
) |
Financial income (expense), net |
|
(574 |
) |
(78 |
) |
85 |
|
(652 |
) |
(1 |
) |
(651 |
) |
Income (loss) before income taxes |
|
(839 |
) |
(70 |
) |
86 |
|
(909 |
) |
60 |
|
(969 |
) |
Capex |
|
131 |
|
19 |
|
87 |
|
150 |
|
5 |
|
145 |
|
Number of employees (average) |
|
34,976 |
|
0 |
|
|
|
34,976 |
|
2,189 |
|
32,787 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
Consolidation |
|
Consolidation |
|
Delta |
|
FN |
|
Consolidation |
|
Delta |
|
Consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(2,986 |
) |
(95 |
) |
|
|
(3,081 |
) |
(154 |
) |
(3,235 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(12 |
) |
(25 |
) |
|
|
(37 |
) |
(5 |
) |
(42 |
) |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
(12 |
) |
(25 |
) |
|
|
(37 |
) |
(5 |
) |
(42 |
) |
Depreciation and amortization |
|
93 |
|
(81 |
) |
|
|
12 |
|
1 |
|
13 |
|
Financial income (expense), net |
|
(93 |
) |
148 |
|
|
|
55 |
|
(2 |
) |
53 |
|
Income (loss) before income taxes |
|
(13 |
) |
43 |
|
|
|
30 |
|
(6 |
) |
24 |
|
Capex |
|
9 |
|
47 |
|
|
|
56 |
|
(2 |
) |
54 |
|
Unaudited and preliminary Figures
18
Business
unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
500 |
|
(1 |
) |
37 |
|
499 |
|
Net revenue(1) |
|
456 |
|
(1 |
) |
38 |
|
455 |
|
EBITDA |
|
128 |
|
1 |
|
39 |
|
129 |
|
EBITDA margin |
|
25.6 |
% |
0.3 |
%pts |
|
|
25.9 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
40 |
|
0 |
|
Adj. EBITDA |
|
128 |
|
1 |
|
41 |
|
129 |
|
Adj. EBITDA margin |
|
25.6 |
% |
0.3 |
%pts |
|
|
25.9 |
% |
Depreciation and amortization |
|
(111 |
) |
87 |
|
42 |
|
(24 |
) |
Financial income (expense), net |
|
28 |
|
4 |
|
43 |
|
32 |
|
Income (loss) before income taxes |
|
45 |
|
92 |
|
44 |
|
137 |
|
Capex |
|
18 |
|
0 |
|
45 |
|
18 |
|
Number of employees (average) |
|
2,945 |
|
0 |
|
|
|
2,945 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com |
|
+ |
|
- |
|
Consoli-dation |
|
T- Com |
|
+ |
|
Consoli- dation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,882 |
|
329 |
|
(9 |
) |
28 |
|
6,544 |
|
396 |
|
602 |
|
132 |
|
6,470 |
|
499 |
|
(160 |
) |
6,809 |
|
of which domestic |
|
5,906 |
|
0 |
|
(12 |
) |
|
|
5,894 |
|
|
|
|
|
n.a. |
|
5,825 |
|
443 |
|
(159 |
) |
6,109 |
|
of which international |
|
976 |
|
329 |
|
3 |
|
|
|
650 |
|
|
|
|
|
n.a. |
|
645 |
|
56 |
|
(1 |
) |
700 |
|
Net revenue |
|
6,054 |
|
|
|
(384 |
) |
29 |
|
5,670 |
|
192 |
|
708 |
|
0 |
|
5,154 |
|
455 |
|
0 |
|
5,609 |
|
EBITDA |
|
2,592 |
|
187 |
|
23 |
|
30 |
|
2,428 |
|
4 |
|
14 |
|
22 |
|
2,440 |
|
129 |
|
8 |
|
2,577 |
|
of which domestic |
|
2,156 |
|
0 |
|
18 |
|
|
|
2,174 |
|
|
|
|
|
n.a. |
|
2,186 |
|
130 |
|
8 |
|
2,324 |
|
of which international |
|
436 |
|
187 |
|
5 |
|
|
|
254 |
|
|
|
|
|
n.a. |
|
254 |
|
(1 |
) |
0 |
|
253 |
|
EBITDA margin |
|
37.7 |
% |
56.8 |
% |
|
|
|
|
37.1 |
% |
5.6 |
% |
2.3 |
% |
|
|
37.7 |
% |
25.9 |
% |
|
|
37.8 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
31 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
2,592 |
|
187 |
|
23 |
|
32 |
|
2,428 |
|
22 |
|
14 |
|
4 |
|
2,440 |
|
129 |
|
8 |
|
2,577 |
|
of which domestic |
|
2,156 |
|
0 |
|
18 |
|
|
|
2,174 |
|
|
|
|
|
n.a. |
|
2,186 |
|
130 |
|
8 |
|
2,324 |
|
of which international |
|
436 |
|
187 |
|
5 |
|
|
|
254 |
|
|
|
|
|
n.a. |
|
254 |
|
(1 |
) |
0 |
|
253 |
|
Adj. EBITDA margin |
|
37.7 |
% |
56.8 |
% |
|
|
|
|
37.1 |
% |
5.6 |
% |
2.3 |
% |
|
|
37.7 |
% |
25.9 |
% |
|
|
37.8 |
% |
Depreciation and amortization |
|
(1,204 |
) |
(51 |
) |
59 |
|
33 |
|
(1,094 |
) |
(18 |
) |
(16 |
) |
0 |
|
(1,096 |
) |
(24 |
) |
(2 |
) |
(1,122 |
) |
Financial income (expense), net |
|
28 |
|
1 |
|
(41 |
) |
34 |
|
(14 |
) |
(2 |
) |
16 |
|
21 |
|
(11 |
) |
32 |
|
(1 |
) |
20 |
|
Income (loss) before income taxes |
|
1,405 |
|
136 |
|
51 |
|
35 |
|
1,320 |
|
2 |
|
14 |
|
25 |
|
1,333 |
|
137 |
|
5 |
|
1,475 |
|
Capex |
|
521 |
|
50 |
|
(12 |
) |
36 |
|
459 |
|
3 |
|
16 |
|
1 |
|
447 |
|
18 |
|
0 |
|
465 |
|
of which domestic |
|
380 |
|
0 |
|
(12 |
) |
|
|
368 |
|
|
|
|
|
n.a. |
|
356 |
|
13 |
|
(1 |
) |
368 |
|
of which international |
|
141 |
|
50 |
|
0 |
|
|
|
91 |
|
|
|
|
|
n.a. |
|
91 |
|
5 |
|
1 |
|
97 |
|
Number of employees (average) |
|
125,782 |
|
3,192 |
|
0 |
|
|
|
122,590 |
|
631 |
|
11,306 |
|
0 |
|
111,915 |
|
2,945 |
|
0 |
|
114,860 |
|
of which domestic |
|
94,943 |
|
0 |
|
0 |
|
|
|
94,943 |
|
631 |
|
11,306 |
|
0 |
|
84,269 |
|
2,121 |
|
0 |
|
86,390 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary Figures
19
Business
unit
Mobile Communications
T Mobile |
|
T-Mobile |
|
+ |
|
Delta |
|
FN |
|
T-Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,237 |
|
398 |
|
14 |
|
46 |
|
6,649 |
|
Net revenue |
|
6,005 |
|
354 |
|
13 |
|
47 |
|
6,372 |
|
EBITDA |
|
3,210 |
|
179 |
|
(1,187 |
) |
48 |
|
2,202 |
|
EBITDA margin |
|
51.5 |
% |
45.0 |
% |
|
|
|
|
33.1 |
% |
Special factors affecting EBITDA |
|
1,280 |
|
0 |
|
(1,205 |
) |
49 |
|
75 |
|
Adj. EBITDA |
|
1,930 |
|
179 |
|
18 |
|
50 |
|
2,127 |
|
Adj. EBITDA margin |
|
30.9 |
% |
45.0 |
% |
|
|
|
|
32.0 |
% |
Depreciation and amortization |
|
(1,270 |
) |
(52 |
) |
(844 |
) |
51 |
|
(2,166 |
) |
Financial income (expense), net |
|
(65 |
) |
(4 |
) |
(25 |
) |
52 |
|
(94 |
) |
Income (loss) before income taxes |
|
1,846 |
|
123 |
|
(2,027 |
) |
53 |
|
(58 |
) |
Capex |
|
644 |
|
54 |
|
95 |
|
54 |
|
793 |
|
Number of employees (average) |
|
44,215 |
|
3,192 |
|
0 |
|
|
|
47,407 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business
unit
Business
Customers
T Systems |
|
T-Systems |
|
Delta |
|
FN |
|
T-Systems |
|
- |
|
+ |
|
+ |
|
Consolidation |
|
Business |
|
Enterprise |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,625 |
|
(9 |
) |
67 |
|
2,616 |
|
387 |
|
272 |
|
1,097 |
|
(326 |
) |
3,272 |
|
2,102 |
|
1,170 |
|
Net revenue |
|
1,813 |
|
(17 |
) |
68 |
|
1,796 |
|
192 |
|
15 |
|
708 |
|
0 |
|
2,327 |
|
1,239 |
|
1,088 |
|
EBITDA |
|
318 |
|
9 |
|
69 |
|
327 |
|
27 |
|
70 |
|
17 |
|
(4 |
) |
383 |
|
328 |
|
56 |
|
EBITDA margin |
|
12.1 |
% |
0.4 |
% pts |
|
|
12.5 |
% |
7.0 |
% |
25.7 |
% |
1.6 |
% |
|
|
11.7 |
% |
15.6 |
% |
4.8 |
% |
Special factors affecting EBITDA |
|
(43 |
) |
0 |
|
70 |
|
(43 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
(43 |
) |
0 |
|
(43 |
) |
Adj. EBITDA |
|
361 |
|
9 |
|
71 |
|
370 |
|
27 |
|
70 |
|
17 |
|
(4 |
) |
426 |
|
328 |
|
99 |
|
Adj. EBITDA margin |
|
13.8 |
% |
0.4 |
% pts |
|
|
14.1 |
% |
7.0 |
% |
25.7 |
% |
1.5 |
% |
|
|
13.0 |
% |
15.6 |
% |
8.5 |
% |
Depreciation and amortization |
|
(350 |
) |
114 |
|
72 |
|
(236 |
) |
(18 |
) |
(10 |
) |
(16 |
) |
1 |
|
(243 |
) |
(184 |
) |
(60 |
) |
EBIT |
|
(32 |
) |
123 |
|
73 |
|
91 |
|
10 |
|
60 |
|
1 |
|
(2 |
) |
140 |
|
144 |
|
(4 |
) |
Financial income (expense), net |
|
(5 |
) |
(18 |
) |
74 |
|
(23 |
) |
(4 |
) |
(1 |
) |
(5 |
) |
1 |
|
(24 |
) |
8 |
|
(4 |
) |
Income (loss) before income taxes |
|
(38 |
) |
106 |
|
75 |
|
68 |
|
5 |
|
60 |
|
(4 |
) |
(3 |
) |
116 |
|
155 |
|
(8 |
) |
Capex |
|
194 |
|
10 |
|
76 |
|
204 |
|
3 |
|
6 |
|
19 |
|
(4 |
) |
222 |
|
171 |
|
51 |
|
Number of employees (average) |
|
39,867 |
|
0 |
|
|
|
39,867 |
|
631 |
|
2,189 |
|
11,306 |
|
0 |
|
52,729 |
|
35,520 |
|
17,210 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
|
All figures in millions of ,
calculated and rounded on the basis of precise figures
Unaudited and preliminary Figures
20
Q3 2004. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
Unadjusted |
|
||||||||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Net revenue |
|
14,524 |
|
(171 |
) |
1 |
|
14,353 |
|
|
|
|
|
|
|
|
|
14,524 |
|
(171 |
) |
1 |
|
14,353 |
|
Cost of sales |
|
(7,849 |
) |
335 |
|
|
|
(7,514 |
) |
0 |
|
(1 |
) |
15 |
|
(1 |
) |
(7,849 |
) |
334 |
|
|
|
(7,515 |
) |
Gross profit from sales |
|
6,675 |
|
164 |
|
|
|
6,839 |
|
0 |
|
(1 |
) |
|
|
(1 |
) |
6,675 |
|
163 |
|
|
|
6,838 |
|
Selling costs |
|
(3,014 |
) |
(17 |
) |
|
|
(3,031 |
) |
0 |
|
(1 |
) |
16 |
|
(1 |
) |
(3,014 |
) |
(18 |
) |
|
|
(3,032 |
) |
General administrative costs |
|
(1,060 |
) |
58 |
|
|
|
(1,002 |
) |
0 |
|
(14 |
) |
17 |
|
(14 |
) |
(1,060 |
) |
44 |
|
|
|
(1,016 |
) |
Other operating income |
|
719 |
|
(323 |
) |
|
|
396 |
|
650 |
|
(641 |
) |
18 |
|
9 |
|
1,369 |
|
(964 |
) |
|
|
405 |
|
Other operating expenses |
|
(1,094 |
) |
763 |
|
|
|
(331 |
) |
(109 |
) |
(2,412 |
) |
19 |
|
(2,521 |
) |
(1,203 |
) |
(1,649 |
) |
|
|
(2,852 |
) |
Operating results |
|
2,226 |
|
645 |
|
2 |
|
2,871 |
|
541 |
|
(3,069 |
) |
|
|
(2,528 |
) |
2,767 |
|
(2,424 |
) |
2 |
|
343 |
|
Financial income (expense), net |
|
(793 |
) |
(231 |
) |
3 |
|
(1,024 |
) |
0 |
|
0 |
|
20 |
|
0 |
|
(793 |
) |
(231 |
) |
3 |
|
(1,024 |
) |
of which interest expenses |
|
(836 |
) |
(28 |
) |
|
|
(864 |
) |
0 |
|
0 |
|
|
|
0 |
|
(836 |
) |
(28 |
) |
|
|
(864 |
) |
Income (loss) before income taxes |
|
1,433 |
|
414 |
|
4 |
|
1,847 |
|
541 |
|
(3,069 |
) |
21 |
|
(2,528 |
) |
1,974 |
|
(2,655 |
) |
4 |
|
(681 |
) |
Income taxes |
|
(340 |
) |
(220 |
) |
5 |
|
(560 |
) |
(143 |
) |
160 |
|
22 |
|
17 |
|
(483 |
) |
(60 |
) |
5 |
|
(543 |
) |
Income (loss) after taxes |
|
1,093 |
|
194 |
|
6 |
|
1,287 |
|
398 |
|
(2,909 |
) |
|
|
(2,511 |
) |
1,491 |
|
(2,715 |
) |
6 |
|
(1,224 |
) |
Income (losses) applicable to minority shareholders |
|
(104 |
) |
(31 |
) |
7 |
|
(135 |
) |
0 |
|
0 |
|
23 |
|
0 |
|
(104 |
) |
(31 |
) |
7 |
|
(135 |
) |
Net income (loss) |
|
989 |
|
163 |
|
8 |
|
1,152 |
|
398 |
|
(2,909 |
) |
24 |
|
(2,511 |
) |
1,387 |
|
(2,746 |
) |
8 |
|
(1,359 |
) |
EBIT |
|
2,273 |
|
598 |
|
9 |
|
2,871 |
|
541 |
|
(3,069 |
) |
25 |
|
(2,528 |
) |
2,814 |
|
(2,471 |
) |
9 |
|
343 |
|
EBIT margin |
|
15.6 |
% |
4.4pts |
% |
|
|
20.0 |
% |
|
|
|
|
|
|
|
|
19.4 |
% |
(17.0 |
%pts) |
|
|
2.4 |
% |
EBITDA |
|
5,264 |
|
29 |
|
10 |
|
5,293 |
|
541 |
|
(641 |
) |
26 |
|
(100 |
) |
5,805 |
|
(612 |
) |
10 |
|
5,193 |
|
EBITDA margin |
|
36.2 |
% |
0.7 |
pts% |
|
|
36.9 |
% |
|
|
|
|
|
|
|
|
40.0 |
% |
(3.8 |
%pts) |
|
|
36.2 |
% |
Depreciation and amortization |
|
(2,991 |
) |
569 |
|
11 |
|
(2,422 |
) |
0 |
|
(2,428 |
) |
27 |
|
(2,428 |
) |
(2,991 |
) |
(1,859 |
) |
11 |
|
(4,850 |
) |
Capex |
|
1,275 |
|
203 |
|
12 |
|
1,478 |
|
|
|
|
|
|
|
|
|
1,275 |
|
203 |
|
12 |
|
1,478 |
|
Free cash flow before dividend |
|
2,391 |
|
49 |
|
13 |
|
2,440 |
|
|
|
|
|
|
|
|
|
2,391 |
|
49 |
|
13 |
|
2,440 |
|
Net debt (billions of ) |
|
40.8 |
|
3.9 |
|
14 |
|
44.7 |
|
|
|
|
|
|
|
|
|
40.8 |
|
3.9 |
|
14 |
|
44.7 |
|
GHS |
|
GHS |
|
Delta |
|
FN |
|
GHS |
|
- |
|
GHS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,164 |
|
(5 |
) |
77 |
|
1,159 |
|
272 |
|
887 |
|
Net revenue |
|
78 |
|
0 |
|
78 |
|
78 |
|
21 |
|
57 |
|
EBITDA |
|
69 |
|
7 |
|
79 |
|
76 |
|
77 |
|
(1 |
) |
of which Vivento |
|
(152 |
) |
35 |
|
80 |
|
(117 |
) |
0 |
|
(117 |
) |
EBITDA margin |
|
5.9 |
% |
0.6 |
%pts |
|
|
6.6 |
% |
28.3 |
% |
(0.1 |
)% |
Special factors affecting EBITDA |
|
21 |
|
0 |
|
81 |
|
21 |
|
0 |
|
21 |
|
Adj. EBITDA |
|
48 |
|
7 |
|
82 |
|
55 |
|
77 |
|
(22 |
) |
of which Vivento |
|
(183 |
) |
35 |
|
83 |
|
(148 |
) |
0 |
|
(148 |
) |
Adj. EBITDA margin |
|
4.1 |
% |
0.6 |
%pts |
|
|
4.7 |
% |
28.3 |
% |
(2.5 |
)% |
Depreciation and amortization |
|
(180 |
) |
(67 |
) |
84 |
|
(247 |
) |
(10 |
) |
(237 |
) |
Financial income (expense), net |
|
(676 |
) |
11 |
|
85 |
|
(665 |
) |
1 |
|
(666 |
) |
Income (loss) before income taxes |
|
(799 |
) |
(37 |
) |
86 |
|
(836 |
) |
68 |
|
(904 |
) |
Capex |
|
124 |
|
65 |
|
87 |
|
189 |
|
7 |
|
182 |
|
Number of employees (average) |
|
34,795 |
|
0 |
|
|
|
34,795 |
|
2,687 |
|
32,108 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
Consolidation |
|
Consolidation |
|
Delta |
|
FN |
|
Consolidation |
|
Delta |
|
Consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(2,953 |
) |
(125 |
) |
|
|
(3,078 |
) |
(148 |
) |
(3,226 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(140 |
) |
36 |
|
|
|
(104 |
) |
4 |
|
(100 |
) |
Special factors affecting EBITDA |
|
(93 |
) |
0 |
|
|
|
(93 |
) |
0 |
|
(93 |
) |
Adj. EBITDA |
|
(47 |
) |
36 |
|
|
|
(11 |
) |
4 |
|
(7 |
) |
Depreciation and amortization |
|
83 |
|
(71 |
) |
|
|
12 |
|
5 |
|
17 |
|
Financial income (expense), net |
|
24 |
|
(38 |
) |
|
|
(14 |
) |
4 |
|
(10 |
) |
Income (loss) before income taxes |
|
(32 |
) |
(74 |
) |
|
|
(106 |
) |
13 |
|
(93 |
) |
Capex |
|
(34 |
) |
24 |
|
|
|
(10 |
) |
1 |
|
(9 |
) |
Unaudited and preliminary Figures
21
Business
unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
464 |
|
22 |
|
37 |
|
486 |
|
Net revenue(1) |
|
419 |
|
22 |
|
38 |
|
441 |
|
EBITDA |
|
110 |
|
25 |
|
39 |
|
135 |
|
EBITDA margin |
|
23.7 |
% |
4.1 |
%pts |
|
|
27.8 |
% |
Special factors affecting EBITDA |
|
(1 |
) |
0 |
|
40 |
|
(1 |
) |
Adj. EBITDA |
|
111 |
|
25 |
|
41 |
|
136 |
|
Adj. EBITDA margin |
|
23.9 |
% |
4.1 |
%pts |
|
|
28.0 |
% |
Depreciation and amortization |
|
(112 |
) |
88 |
|
42 |
|
(24 |
) |
Financial income (expense), net |
|
26 |
|
4 |
|
43 |
|
30 |
|
Income (loss) before income taxes |
|
24 |
|
117 |
|
44 |
|
141 |
|
Capex |
|
15 |
|
4 |
|
45 |
|
19 |
|
Number of employees (average) |
|
2,981 |
|
0 |
|
|
|
2,981 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T-Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com |
|
+ |
|
- |
|
Consoli-dation |
|
T-Com |
|
+ |
|
Consoli- dation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,806 |
|
374 |
|
(63 |
) |
28 |
|
6,369 |
|
322 |
|
585 |
|
148 |
|
6,254 |
|
486 |
|
(131 |
) |
6,609 |
|
of which domestic |
|
5,791 |
|
0 |
|
(64 |
) |
|
|
5,727 |
|
|
|
|
|
n.a. |
|
5,618 |
|
434 |
|
(132 |
) |
5,921 |
|
of which international |
|
1,015 |
|
374 |
|
1 |
|
|
|
642 |
|
|
|
|
|
n.a. |
|
636 |
|
52 |
|
0 |
|
688 |
|
Net revenue |
|
6,007 |
|
|
|
(483 |
) |
29 |
|
5,524 |
|
132 |
|
664 |
|
0 |
|
4,992 |
|
441 |
|
0 |
|
5,433 |
|
EBITDA |
|
2,576 |
|
189 |
|
(19 |
) |
30 |
|
2,368 |
|
8 |
|
37 |
|
3 |
|
2,342 |
|
135 |
|
0 |
|
2,477 |
|
of which domestic |
|
2,115 |
|
0 |
|
4 |
|
|
|
2,119 |
|
|
|
|
|
n.a. |
|
2,093 |
|
129 |
|
0 |
|
2,222 |
|
of which international |
|
461 |
|
189 |
|
(23 |
) |
|
|
249 |
|
|
|
|
|
n.a. |
|
249 |
|
6 |
|
0 |
|
255 |
|
EBITDA margin |
|
37.8 |
% |
50.5 |
% |
|
|
|
|
37.2 |
% |
2.5 |
% |
6.3 |
% |
|
|
37.4 |
% |
27.8 |
% |
|
|
37.5 |
% |
Special factors affecting EBITDA |
|
(17 |
) |
0 |
|
0 |
|
31 |
|
(17 |
) |
0 |
|
0 |
|
0 |
|
(17 |
) |
(1 |
) |
0 |
|
(18 |
) |
Adj. EBITDA |
|
2,593 |
|
189 |
|
(19 |
) |
32 |
|
2,385 |
|
8 |
|
37 |
|
3 |
|
2,359 |
|
136 |
|
0 |
|
2,495 |
|
of which domestic |
|
2,116 |
|
0 |
|
4 |
|
|
|
2,120 |
|
|
|
|
|
n.a. |
|
2,094 |
|
130 |
|
0 |
|
2,224 |
|
of which international |
|
477 |
|
189 |
|
(23 |
) |
|
|
265 |
|
|
|
|
|
n.a. |
|
265 |
|
6 |
|
0 |
|
271 |
|
Adj. EBITDA margin |
|
38.1 |
% |
50.5 |
% |
|
|
|
|
37.4 |
% |
2.5 |
% |
6.3 |
% |
|
|
37.7 |
% |
28.0 |
% |
|
|
37.8 |
% |
Depreciation and amortization |
|
(1,158 |
) |
(107 |
) |
(101 |
) |
33 |
|
(1,152 |
) |
(14 |
) |
(14 |
) |
(3 |
) |
(1,155 |
) |
(24 |
) |
(2 |
) |
(1,181 |
) |
Financial income (expense), net |
|
45 |
|
(13 |
) |
(40 |
) |
34 |
|
18 |
|
(3 |
) |
12 |
|
16 |
|
19 |
|
30 |
|
0 |
|
49 |
|
Income (loss) before income taxes |
|
1,455 |
|
70 |
|
(151 |
) |
35 |
|
1,234 |
|
(9 |
) |
35 |
|
16 |
|
1,206 |
|
141 |
|
(2 |
) |
1,345 |
|
Capex |
|
518 |
|
44 |
|
14 |
|
36 |
|
488 |
|
0 |
|
9 |
|
0 |
|
479 |
|
19 |
|
0 |
|
498 |
|
of which domestic |
|
384 |
|
0 |
|
15 |
|
|
|
399 |
|
|
|
|
|
n.a. |
|
390 |
|
14 |
|
0 |
|
404 |
|
of which international |
|
134 |
|
44 |
|
(1 |
) |
|
|
89 |
|
|
|
|
|
n.a. |
|
89 |
|
5 |
|
0 |
|
94 |
|
Number of employees (average) |
|
125,914 |
|
3,190 |
|
0 |
|
|
|
122,724 |
|
633 |
|
9,789 |
|
0 |
|
113,568 |
|
2,981 |
|
0 |
|
116,549 |
|
of which domestic |
|
95,583 |
|
0 |
|
0 |
|
|
|
95,583 |
|
633 |
|
9,789 |
|
0 |
|
86,427 |
|
2,178 |
|
0 |
|
88,605 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary Figures
22
Business unit
Mobile Communications
T-Mobile |
|
T-Mobile |
|
+ |
|
Delta |
|
FN |
|
T-Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,479 |
|
432 |
|
3 |
|
46 |
|
6,914 |
|
Net revenue |
|
6,273 |
|
387 |
|
3 |
|
47 |
|
6,663 |
|
EBITDA |
|
2,798 |
|
199 |
|
(628 |
) |
48 |
|
2,369 |
|
EBITDA margin |
|
43.2 |
% |
46.1 |
% |
|
|
|
|
34.3 |
% |
Special factors affecting EBITDA |
|
636 |
|
0 |
|
(641 |
) |
49 |
|
(5 |
) |
Adj. EBITDA |
|
2,162 |
|
199 |
|
13 |
|
50 |
|
2,374 |
|
Adj. EBITDA margin |
|
33.4 |
% |
46.1 |
% |
|
|
|
|
34.3 |
% |
Depreciation and amortization |
|
(1,282 |
) |
(108 |
) |
(1,825 |
) |
51 |
|
(3,215 |
) |
Financial income (expense), net |
|
(203 |
) |
(8 |
) |
(13 |
) |
52 |
|
(224 |
) |
Income (loss) before income taxes |
|
1,287 |
|
83 |
|
(2,440 |
) |
53 |
|
(1,070 |
) |
Capex |
|
471 |
|
42 |
|
93 |
|
54 |
|
606 |
|
Number of employees (average) |
|
44,920 |
|
3,190 |
|
0 |
|
|
|
48,111 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business unit
Business Customers
T-Systems |
|
T-Systems |
|
Delta |
|
FN |
|
T-Systems |
|
- |
|
+ |
|
+ |
|
Consoli- dation |
|
Business |
|
Enterprise |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,564 |
|
(61 |
) |
67 |
|
2,503 |
|
309 |
|
276 |
|
976 |
|
(277 |
) |
3,169 |
|
2,139 |
|
1,129 |
|
Net revenue |
|
1,747 |
|
(100 |
) |
68 |
|
1,647 |
|
132 |
|
21 |
|
664 |
|
0 |
|
2,200 |
|
1,150 |
|
1,050 |
|
EBITDA |
|
392 |
|
(43 |
) |
69 |
|
349 |
|
14 |
|
78 |
|
48 |
|
(13 |
) |
448 |
|
369 |
|
79 |
|
EBITDA margin |
|
15.3 |
% |
(1.3 |
)%pts |
|
|
13.9 |
% |
4.5 |
% |
28.2 |
% |
4.9 |
% |
|
|
14.1 |
% |
18.1 |
% |
7.0 |
% |
Special factors affecting EBITDA |
|
(5 |
) |
0 |
|
70 |
|
(5 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
(5 |
) |
0 |
|
(5 |
) |
Adj. EBITDA |
|
397 |
|
(43 |
) |
71 |
|
354 |
|
14 |
|
78 |
|
48 |
|
(13 |
) |
453 |
|
369 |
|
84 |
|
Adj. EBITDA margin |
|
15.5 |
% |
(1.4 |
)%pts |
|
|
14.1 |
% |
4.5 |
% |
28.2 |
% |
4.9 |
% |
|
|
14.3 |
% |
18.1 |
% |
7.4 |
% |
Depreciation and amortization |
|
(342 |
) |
118 |
|
72 |
|
(224 |
) |
(15 |
) |
(10 |
) |
(14 |
) |
(1 |
) |
(234 |
) |
(180 |
) |
(54 |
) |
EBIT |
|
50 |
|
75 |
|
73 |
|
125 |
|
(1 |
) |
67 |
|
34 |
|
(13 |
) |
214 |
|
189 |
|
25 |
|
Financial income (expense), net |
|
(9 |
) |
(160 |
) |
74 |
|
(169 |
) |
0 |
|
0 |
|
(4 |
) |
0 |
|
(173 |
) |
(136 |
) |
(1 |
) |
Income (loss) before income taxes |
|
39 |
|
(83 |
) |
75 |
|
(44 |
) |
0 |
|
67 |
|
30 |
|
(12 |
) |
41 |
|
53 |
|
24 |
|
Capex |
|
181 |
|
5 |
|
76 |
|
186 |
|
0 |
|
7 |
|
10 |
|
(2 |
) |
201 |
|
159 |
|
42 |
|
Number of employees (average) |
|
39,750 |
|
0 |
|
|
|
39,750 |
|
633 |
|
2,687 |
|
9,789 |
|
0 |
|
51,593 |
|
35,860 |
|
15,734 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
. |
All figures in millions of ,
calculated and rounded on the basis of precise figures
Unaudited and preliminary Figures
23
Q4 2004. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
Unadjusted |
|
||||||||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
14,958 |
|
(218 |
) |
1 |
|
14,740 |
|
|
|
|
|
|
|
|
|
14,958 |
|
(218 |
) |
1 |
|
14,740 |
|
Cost of sales |
|
(8,140 |
) |
268 |
|
|
|
(7,872 |
) |
(77 |
) |
95 |
|
15 |
|
18 |
|
(8,217 |
) |
363 |
|
|
|
(7,854 |
) |
Gross profit from sales |
|
6,818 |
|
50 |
|
|
|
6,868 |
|
(77 |
) |
95 |
|
|
|
18 |
|
6,741 |
|
145 |
|
|
|
6,886 |
|
Selling costs |
|
(3,675 |
) |
172 |
|
|
|
(3,503 |
) |
(24 |
) |
1 |
|
16 |
|
(23 |
) |
(3,699 |
) |
173 |
|
|
|
(3,526 |
) |
General administrative costs |
|
(1,249 |
) |
65 |
|
|
|
(1,184 |
) |
(137 |
) |
14 |
|
17 |
|
(123 |
) |
(1,386 |
) |
79 |
|
|
|
(1,307 |
) |
Other operating income |
|
908 |
|
(429 |
) |
|
|
479 |
|
1,170 |
|
(1,170 |
) |
18 |
|
0 |
|
2,078 |
|
(1,599 |
) |
|
|
479 |
|
Other operating expenses |
|
(1,348 |
) |
968 |
|
|
|
(380 |
) |
172 |
|
(106 |
) |
19 |
|
66 |
|
(1,176 |
) |
862 |
|
|
|
(314 |
) |
Operating results |
|
1,454 |
|
826 |
|
2 |
|
2,280 |
|
1,104 |
|
(1,166 |
) |
|
|
(62 |
) |
2,558 |
|
(340 |
) |
2 |
|
2,218 |
|
Financial income (expense), net |
|
(743 |
) |
(194 |
) |
3 |
|
(937 |
) |
0 |
|
1,138 |
|
20 |
|
1,138 |
|
(743 |
) |
944 |
|
3 |
|
201 |
|
of which interest expenses |
|
(747 |
) |
(33 |
) |
|
|
(779 |
) |
0 |
|
0 |
|
|
|
0 |
|
(747 |
) |
(32 |
) |
|
|
(779 |
) |
Income (loss) before income taxes |
|
711 |
|
632 |
|
4 |
|
1,343 |
|
1,104 |
|
(28 |
) |
21 |
|
1,076 |
|
1,815 |
|
604 |
|
4 |
|
2,419 |
|
Income taxes |
|
(399 |
) |
(258 |
) |
5 |
|
(657 |
) |
12 |
|
(21 |
) |
22 |
|
(9 |
) |
(387 |
) |
(279 |
) |
5 |
|
(666 |
) |
Income (loss) after taxes |
|
312 |
|
374 |
|
6 |
|
686 |
|
1,116 |
|
(49 |
) |
|
|
1,067 |
|
1,428 |
|
325 |
|
6 |
|
1,753 |
|
Income (losses) applicable to minority shareholders |
|
(60 |
) |
(34 |
) |
7 |
|
(94 |
) |
55 |
|
0 |
|
23 |
|
55 |
|
(5 |
) |
(34 |
) |
7 |
|
(39 |
) |
Net income (loss) |
|
252 |
|
340 |
|
8 |
|
592 |
|
1,171 |
|
(49 |
) |
24 |
|
1,122 |
|
1,423 |
|
291 |
|
8 |
|
1,714 |
|
EBIT |
|
1,509 |
|
771 |
|
9 |
|
2,280 |
|
1,104 |
|
(1,166 |
) |
25 |
|
(62 |
) |
2,613 |
|
(395 |
) |
9 |
|
2,218 |
|
EBIT margin |
|
10.1 |
% |
5.4 |
%pts |
|
|
15.5 |
% |
|
|
|
|
|
|
|
|
17.5 |
% |
(2.4 |
)%pts |
|
|
15.0 |
% |
EBITDA |
|
4,732 |
|
(6 |
) |
10 |
|
4,726 |
|
1,107 |
|
(1,241 |
) |
26 |
|
(134 |
) |
5,839 |
|
(1,247 |
) |
10 |
|
4,592 |
|
EBITDA margin |
|
31.6 |
% |
0.4 |
%pts |
|
|
32.1 |
% |
|
|
|
|
|
|
|
|
39.0 |
% |
(7.9 |
)%pts |
|
|
31.2 |
% |
Depreciation and amortization |
|
(3,225 |
) |
779 |
|
11 |
|
(2,446 |
) |
(1 |
) |
73 |
|
27 |
|
72 |
|
(3,226 |
) |
852 |
|
11 |
|
(2,374 |
) |
Capex |
|
2,125 |
|
318 |
|
12 |
|
2,443 |
|
|
|
|
|
|
|
|
|
2,125 |
|
318 |
|
12 |
|
2,443 |
|
Free cash flow before dividend |
|
3,595 |
|
0 |
|
13 |
|
3,595 |
|
|
|
|
|
|
|
|
|
3,595 |
|
0 |
|
13 |
|
3,595 |
|
Net debt (billions of ) |
|
35.2 |
|
4.4 |
|
14 |
|
39.6 |
|
|
|
|
|
|
|
|
|
35.2 |
|
4.4 |
|
14 |
|
39.6 |
|
GHS |
|
GHS |
|
Delta |
|
FN |
|
GHS |
|
Billing & |
|
GHS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,093 |
|
(4 |
) |
77 |
|
1,089 |
|
198 |
|
891 |
|
Net revenue |
|
94 |
|
0 |
|
78 |
|
94 |
|
22 |
|
72 |
|
EBITDA |
|
(142 |
) |
(192 |
) |
79 |
|
(334 |
) |
(21 |
) |
(313 |
) |
of which Vivento |
|
(123 |
) |
(62 |
) |
80 |
|
(185 |
) |
0 |
|
(185 |
) |
EBITDA margin |
|
(13.0 |
)% |
(17.7 |
)%pts |
|
|
(30.7 |
)% |
(10.6 |
)% |
(35.1 |
)% |
Special factors affecting EBITDA |
|
176 |
|
(215 |
) |
81 |
|
(39 |
) |
0 |
|
(39 |
) |
Adj. EBITDA |
|
(318 |
) |
23 |
|
82 |
|
(295 |
) |
(21 |
) |
(274 |
) |
of which Vivento |
|
(186 |
) |
(13 |
) |
83 |
|
(199 |
) |
0 |
|
(199 |
) |
Adj. EBITDA margin |
|
(29.1 |
)% |
2.0 |
%pts |
|
|
(27.1 |
)% |
(10.6 |
)% |
(30.8 |
)% |
Depreciation and amortization |
|
(281 |
) |
32 |
|
84 |
|
(249 |
) |
(10 |
) |
(239 |
) |
Financial income (expense), net |
|
(554 |
) |
(5 |
) |
85 |
|
(559 |
) |
0 |
|
(559 |
) |
Income (loss) before income taxes |
|
(998 |
) |
(144 |
) |
86 |
|
(1,142 |
) |
(31 |
) |
(1,111 |
) |
Capex |
|
178 |
|
126 |
|
87 |
|
304 |
|
16 |
|
288 |
|
Number of employees (average) |
|
34,371 |
|
0 |
|
|
|
34,371 |
|
2,698 |
|
31,673 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
Consolidation |
|
Consolidation |
|
Delta |
|
FN |
|
Consolidation |
|
Delta |
|
Consolidation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(3,016 |
) |
(57 |
) |
|
|
(3,073 |
) |
138 |
|
(2,935 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
195 |
|
(15 |
) |
|
|
180 |
|
24 |
|
204 |
|
Special factors affecting EBITDA |
|
160 |
|
(14 |
) |
|
|
146 |
|
(2 |
) |
146 |
|
Adj. EBITDA |
|
35 |
|
(1 |
) |
|
|
34 |
|
26 |
|
58 |
|
Depreciation and amortization |
|
77 |
|
(40 |
) |
|
|
37 |
|
(24 |
) |
13 |
|
Financial income (expense), net |
|
(19 |
) |
(5 |
) |
|
|
(24 |
) |
(2 |
) |
(26 |
) |
Income (loss) before income taxes |
|
255 |
|
(62 |
) |
|
|
193 |
|
(2 |
) |
191 |
|
Capex |
|
(87 |
) |
35 |
|
|
|
(52 |
) |
12 |
|
(40 |
) |
Unaudited and preliminary Figures
24
Business
unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
522 |
|
16 |
|
37 |
|
538 |
|
Net revenue |
|
465 |
|
15 |
|
38 |
|
480 |
|
EBITDA |
|
62 |
|
19 |
|
39 |
|
81 |
|
EBITDA margin |
|
11.9 |
% |
3.2 |
%pts |
|
|
15.1 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
40 |
|
0 |
|
Adj. EBITDA |
|
62 |
|
19 |
|
41 |
|
81 |
|
Adj. EBITDA margin |
|
11.9 |
% |
3.2 |
%pts |
|
|
15.1 |
% |
Depreciation and amortization |
|
(120 |
) |
82 |
|
42 |
|
(38 |
) |
Financial income (expense), net |
|
28 |
|
4 |
|
43 |
|
32 |
|
Income (loss) before income taxes |
|
(33 |
) |
108 |
|
44 |
|
75 |
|
Capex |
|
65 |
|
6 |
|
45 |
|
71 |
|
Number of employees (average) |
|
3,007 |
|
0 |
|
|
|
3,007 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T-Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com |
|
+ |
|
- |
|
Consoli- dation |
|
T-Com |
|
+ |
|
Consoli- dation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
7,151 |
|
344 |
|
(99 |
) |
28 |
|
6,708 |
|
316 |
|
1,047 |
|
301 |
|
6,278 |
|
538 |
|
(165 |
) |
6,651 |
|
of which domestic |
|
6,165 |
|
0 |
|
(98 |
) |
|
|
6,067 |
|
|
|
|
|
n.a. |
|
5,644 |
|
481 |
|
167 |
|
5,958 |
|
of which international |
|
986 |
|
344 |
|
(1 |
) |
|
|
641 |
|
|
|
|
|
n.a. |
|
634 |
|
57 |
|
2 |
|
693 |
|
Net revenue |
|
6,311 |
|
|
|
(483 |
) |
29 |
|
5,828 |
|
151 |
|
745 |
|
0 |
|
5,234 |
|
480 |
|
0 |
|
5,714 |
|
EBITDA |
|
2,467 |
|
154 |
|
(21 |
) |
30 |
|
2,292 |
|
13 |
|
30 |
|
(10 |
) |
2,265 |
|
81 |
|
(6 |
) |
2,340 |
|
of which domestic |
|
2,210 |
|
0 |
|
(12 |
) |
|
|
2,198 |
|
|
|
|
|
n.a. |
|
2,171 |
|
83 |
|
(6 |
) |
2,248 |
|
of which international |
|
257 |
|
154 |
|
(9 |
) |
|
|
94 |
|
|
|
|
|
n.a. |
|
94 |
|
(2 |
) |
0 |
|
92 |
|
EBITDA margin |
|
34.5 |
% |
44.8 |
% |
|
|
|
|
34.2 |
% |
4.1 |
% |
2.9 |
% |
|
|
36.1 |
% |
15.1 |
% |
|
|
35.2 |
% |
Special factors affecting EBITDA |
|
(173 |
) |
(2 |
) |
0 |
|
31 |
|
(171 |
) |
0 |
|
2 |
|
4 |
|
(169 |
) |
0 |
|
0 |
|
(169 |
) |
Adj. EBITDA |
|
2,640 |
|
156 |
|
(21 |
) |
32 |
|
2,463 |
|
13 |
|
28 |
|
(14 |
) |
2,434 |
|
81 |
|
(6 |
) |
2,509 |
|
of which domestic |
|
2,249 |
|
0 |
|
(30 |
) |
|
|
2,219 |
|
|
|
|
|
n.a. |
|
2,208 |
|
83 |
|
(6 |
) |
2,285 |
|
of which international |
|
391 |
|
156 |
|
9 |
|
|
|
244 |
|
|
|
|
|
n.a. |
|
226 |
|
(2 |
) |
0 |
|
224 |
|
Adj. EBITDA margin |
|
36.9 |
% |
45.3 |
% |
|
|
|
|
36.7 |
% |
4.1 |
% |
2.7 |
% |
|
|
38.8 |
% |
15.1 |
% |
|
|
37.7 |
% |
Depreciation and amortization |
|
(1,244 |
) |
(56 |
) |
186 |
|
33 |
|
(1,002 |
) |
(16 |
) |
(11 |
) |
0 |
|
(1,007 |
) |
(38 |
) |
22 |
|
(1,023 |
) |
Financial income (expense), net |
|
53 |
|
(102 |
) |
(42 |
) |
34 |
|
113 |
|
1 |
|
38 |
|
40 |
|
116 |
|
32 |
|
1 |
|
149 |
|
Income (loss) before income taxes |
|
1,266 |
|
(5 |
) |
132 |
|
35 |
|
1,403 |
|
(2 |
) |
57 |
|
30 |
|
1,374 |
|
75 |
|
17 |
|
1,466 |
|
Capex |
|
907 |
|
183 |
|
12 |
|
36 |
|
736 |
|
2 |
|
1 |
|
(10 |
) |
727 |
|
71 |
|
0 |
|
798 |
|
of which domestic |
|
564 |
|
0 |
|
12 |
|
|
|
576 |
|
|
|
|
|
n.a. |
|
567 |
|
61 |
|
0 |
|
628 |
|
of which international |
|
343 |
|
183 |
|
0 |
|
|
|
160 |
|
|
|
|
|
n.a. |
|
160 |
|
10 |
|
0 |
|
170 |
|
Number of employees (average) |
|
124,184 |
|
3,198 |
|
0 |
|
|
|
120,985 |
|
634 |
|
9,617 |
|
0 |
|
112,002 |
|
3,007 |
|
0 |
|
115,010 |
|
of which domestic |
|
94,937 |
|
0 |
|
0 |
|
|
|
94,937 |
|
634 |
|
9,617 |
|
0 |
|
85,954 |
|
2,192 |
|
0 |
|
88,146 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary Figures
25
Business
unit
Mobile Communications
|
|
|
|
+ |
|
|
|
|
|
|
|
|
|
|
|
figures, |
|
|
|
|
|
|
|
|
|
T-Mobile |
|
CEE |
|
Delta |
|
|
|
T-Mobile |
|
T-Mobile |
|
Ger. GAAP |
|
mobile |
|
IFRS |
|
FN |
|
IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
6,335 |
|
405 |
|
(48 |
) |
46 |
|
6,692 |
|
Net revenue |
|
6,132 |
|
366 |
|
(49 |
) |
47 |
|
6,449 |
|
EBITDA |
|
2,911 |
|
150 |
|
(995 |
) |
48 |
|
2,066 |
|
EBITDA margin |
|
46.0 |
% |
37.0 |
% |
|
|
|
|
30.9 |
% |
Special factors affecting EBITDA |
|
1,012 |
|
0 |
|
(1,014 |
) |
49 |
|
(2 |
) |
Adj. EBITDA |
|
1,899 |
|
150 |
|
19 |
|
50 |
|
2,068 |
|
Adj. EBITDA margin |
|
30.0 |
% |
37.0 |
% |
|
|
|
|
30.9 |
% |
Depreciation and amortization |
|
(1,302 |
) |
(69 |
) |
484 |
|
51 |
|
(887 |
) |
Financial income (expense), net |
|
(241 |
) |
(12 |
) |
916 |
|
52 |
|
663 |
|
Income (loss) before income taxes |
|
1,347 |
|
69 |
|
426 |
|
53 |
|
1,842 |
|
Capex |
|
844 |
|
161 |
|
87 |
|
54 |
|
1,092 |
|
Number of employees (average) |
|
44,617 |
|
3,198 |
|
0 |
|
|
|
47,815 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business
unit
Business
Customers
|
|
T-Systems Ger. GAAP old |
|
|
|
|
|
|
|
- factory, ICSS and NWS |
|
|
|
+ medium enterprises |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
+ |
|
|
|
|
Business Customers IFRS new |
|
|
|
|
|
|||
|
|
|
Delta IFRS |
|
|
|
T-Systems IFRS old |
|
|
Billing & |
|
|
|
|
|
Enterprise Services |
|
Business Services |
|
||||
T-Systems |
|
|
|
FN |
|
|
|
collection |
|
|
Consolidation |
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,873 |
|
(87 |
) |
67 |
|
2,786 |
|
305 |
|
202 |
|
1,176 |
|
(418 |
) |
3,441 |
|
2,200 |
|
1,242 |
|
Net revenue |
|
1,956 |
|
(67 |
) |
68 |
|
1,889 |
|
151 |
|
22 |
|
745 |
|
0 |
|
2,505 |
|
1,408 |
|
1,097 |
|
EBITDA |
|
346 |
|
(39 |
) |
69 |
|
307 |
|
20 |
|
(21 |
) |
26 |
|
3 |
|
295 |
|
249 |
|
46 |
|
EBITDA margin |
|
12.0 |
% |
(1.0 |
)%pts |
|
|
11.0 |
% |
6.7 |
% |
(10.5 |
)% |
2.2 |
% |
|
|
8.6 |
% |
11.3 |
% |
3.7 |
% |
Special factors affecting EBITDA |
|
(68 |
) |
0 |
|
70 |
|
(68 |
) |
0 |
|
0 |
|
(2 |
) |
0 |
|
70 |
|
0 |
|
(70 |
) |
Adj. EBITDA |
|
414 |
|
(39 |
) |
71 |
|
375 |
|
20 |
|
(21 |
) |
28 |
|
3 |
|
365 |
|
249 |
|
116 |
|
Adj. EBITDA margin |
|
14.4 |
% |
(0.9 |
)%pts |
|
|
13.5 |
% |
6.6 |
% |
(10.5 |
)% |
2.4 |
% |
|
|
10.6 |
% |
11.3 |
% |
9.3 |
% |
Depreciation and amortization |
|
(356 |
) |
121 |
|
72 |
|
(235 |
) |
(15 |
) |
(9 |
) |
(11 |
) |
2 |
|
(238 |
) |
(181 |
) |
(58 |
) |
EBIT |
|
(10 |
) |
82 |
|
73 |
|
72 |
|
5 |
|
(30 |
) |
15 |
|
6 |
|
57 |
|
68 |
|
(11 |
) |
Financial income (expense), net |
|
(10 |
) |
(14 |
) |
74 |
|
(24 |
) |
1 |
|
3 |
|
(2 |
) |
(2 |
) |
(26 |
) |
(9 |
) |
(7 |
) |
Income (loss) before income taxes |
|
(22 |
) |
70 |
|
75 |
|
48 |
|
6 |
|
(27 |
) |
13 |
|
3 |
|
31 |
|
51 |
|
(18 |
) |
Capex |
|
218 |
|
74 |
|
76 |
|
292 |
|
2 |
|
17 |
|
13 |
|
(15 |
) |
307 |
|
257 |
|
50 |
|
Number of employees (average) |
|
39,551 |
|
0 |
|
|
|
39,551 |
|
634 |
|
2,698 |
|
9,617 |
|
0 |
|
51,232 |
|
35,626 |
|
15,606 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
|
All figures in millions of
,
calculated and rounded on the basis of precise figures
Unaudited and preliminary Figures
26
FY 2004. Reconciliation Group and business units.
|
|
Adjusted |
|
Special influences |
|
||||||||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
57 880 |
|
(520 |
) |
1 |
|
57.360 |
|
|
|
|
|
|
|
|
|
Cost of sales |
|
(31 325 |
) |
1 102 |
|
|
|
(30 223 |
) |
(77 |
) |
(1 259 |
) |
15 |
|
(1 336 |
) |
Gross profit from sales |
|
26 555 |
|
582 |
|
|
|
27 137 |
|
(77 |
) |
(1 259 |
) |
|
|
(1 336 |
) |
Selling costs |
|
(13 258 |
) |
445 |
|
|
|
(12 813 |
) |
(24 |
) |
0 |
|
16 |
|
(24 |
) |
General administrative costs |
|
(4 543 |
) |
175 |
|
|
|
(4 368 |
) |
(137 |
) |
0 |
|
17 |
|
(137 |
) |
Other operating income |
|
3 138 |
|
(1 504 |
) |
|
|
1 634 |
|
3 798 |
|
(3 714 |
) |
18 |
|
84 |
|
Other operating expenses |
|
(4 972 |
) |
3 580 |
|
|
|
(1 392 |
) |
(612 |
) |
(1 912 |
) |
19 |
|
(2 524 |
) |
Operating results |
|
6 920 |
|
3 278 |
|
2 |
|
10 198 |
|
2 948 |
|
(6 885 |
) |
|
|
(3 937 |
) |
Financial income (expense), net |
|
(3 327 |
) |
(646 |
) |
3 |
|
(3 973 |
) |
0 |
|
1 230 |
|
20 |
|
1 230 |
|
of which interest expenses |
|
(3 351 |
) |
(148 |
) |
|
|
(3 499 |
) |
0 |
|
0 |
|
|
|
0 |
|
Income (loss) before income taxes |
|
3 593 |
|
2 632 |
|
4 |
|
6 225 |
|
2 948 |
|
(5 655 |
) |
21 |
|
(2 707 |
) |
Income taxes |
|
(1 043 |
) |
(1 044 |
) |
5 |
|
(2 087 |
) |
(565 |
) |
1 124 |
|
22 |
|
559 |
|
Income (loss) after taxes |
|
2 550 |
|
1 588 |
|
6 |
|
4 138 |
|
2 383 |
|
(4 531 |
) |
|
|
(2 148 |
) |
Income (losses) applicable to minority shareholders |
|
(354 |
) |
(127 |
) |
7 |
|
(481 |
) |
55 |
|
0 |
|
23 |
|
55 |
|
Net income (loss) |
|
2 196 |
|
1 461 |
|
8 |
|
3 657 |
|
2 438 |
|
(4 531 |
) |
24 |
|
(2 093 |
) |
EBIT |
|
7 119 |
|
3 079 |
|
9 |
|
10 198 |
|
2 948 |
|
(6 885 |
) |
25 |
|
(3 937 |
) |
EBIT margin |
|
12.3 |
% |
5.5 |
%pts |
|
|
17.8 |
% |
|
|
|
|
|
|
|
|
EBITDA |
|
19 364 |
|
253 |
|
10 |
|
19 617 |
|
2 951 |
|
(3 179 |
) |
26 |
|
(228 |
) |
EBITDA margin |
|
33.5 |
% |
0.7 |
%pts |
|
|
34.2 |
% |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
(12 245 |
) |
2 826 |
|
11 |
|
(9 419 |
) |
(3 |
) |
(3 706 |
) |
27 |
|
(3 709 |
) |
Capex |
|
5 936 |
|
575 |
|
12 |
|
6 511 |
|
|
|
|
|
|
|
|
|
Free cash flow before dividend |
|
10 180 |
|
131 |
|
13 |
|
10 311 |
|
|
|
|
|
|
|
|
|
Net debt (billions of ) |
|
35.2 |
|
4.4 |
|
14 |
|
39.6 |
|
|
|
|
|
|
|
|
|
|
|
Unadjusted |
|
||||||
Group |
|
Group Ger. GAAP |
|
Delta IFRS |
|
FN |
|
Group IFRS |
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
57 880 |
|
(520 |
) |
1 |
|
57 360 |
|
Cost of sales |
|
(31 402 |
) |
(157 |
) |
|
|
(31 559 |
) |
Gross profit from sales |
|
26 478 |
|
(677 |
) |
|
|
25 801 |
|
Selling costs |
|
(13 282 |
) |
445 |
|
|
|
(12 837 |
) |
General administrative costs |
|
(4 680 |
) |
175 |
|
|
|
(4 505 |
) |
Other operating income |
|
6 936 |
|
(5 218 |
) |
|
|
1 718 |
|
Other operating expenses |
|
(5 584 |
) |
1 668 |
|
|
|
(3 916 |
) |
Operating results |
|
9 868 |
|
(3 607 |
) |
2 |
|
6 261 |
|
Financial income (expense), net |
|
(3 327 |
) |
584 |
|
3 |
|
(2 743 |
) |
of which interest expenses |
|
(3 351 |
) |
(148 |
) |
|
|
(3 499 |
) |
Income (loss) before income taxes |
|
6 541 |
|
(3 023 |
) |
4 |
|
3 518 |
|
Income taxes |
|
(1 608 |
) |
80 |
|
5 |
|
(1 528 |
) |
Income (loss) after taxes |
|
4 933 |
|
(2 943 |
) |
6 |
|
1 990 |
|
Income (losses) applicable to minority shareholders |
|
(299 |
) |
(127 |
) |
7 |
|
(426 |
) |
Net income (loss) |
|
4 634 |
|
(3 070 |
) |
8 |
|
1 564 |
|
EBIT |
|
10 067 |
|
(3 806 |
) |
9 |
|
6 261 |
|
EBIT margin |
|
17.4 |
% |
(6.5 |
)%pts |
|
|
10.9 |
% |
EBITDA |
|
22 315 |
|
(2 926 |
) |
10 |
|
19 389 |
|
EBITDA margin |
|
38.6 |
% |
(4.8 |
)%pts |
|
|
33.8 |
% |
Depreciation and amortization |
|
(12 248 |
) |
(880 |
) |
11 |
|
(13 128 |
) |
Capex |
|
5 936 |
|
575 |
|
12 |
|
6 511 |
|
Free cash flow before dividend |
|
10 180 |
|
131 |
|
13 |
|
10 311 |
|
Net debt (billions of ) |
|
35.2 |
|
4.4 |
|
14 |
|
39.6 |
|
|
|
GHS |
|
Delta |
|
|
|
GHS |
|
- |
|
GHS |
|
GHS |
|
Ger. GAAP |
|
IFRS |
|
FN |
|
IFRS old |
|
collection |
|
IFRS new |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
4 501 |
|
(18 |
) |
77 |
|
4 483 |
|
957 |
|
3 526 |
|
Net revenue |
|
336 |
|
0 |
|
78 |
|
336 |
|
76 |
|
260 |
|
EBITDA |
|
(317 |
) |
(57 |
) |
79 |
|
(374 |
) |
182 |
|
(556 |
) |
of which Vivento |
|
(786 |
) |
47 |
|
80 |
|
(739 |
) |
0 |
|
(739 |
) |
EBITDA margin |
|
(7.0 |
)% |
(1.3 |
)%pts |
|
|
(8.3 |
)% |
19.0 |
% |
(15.8 |
)% |
Special factors affecting EBITDA |
|
299 |
|
(307 |
) |
81 |
|
(8 |
) |
0 |
|
(8 |
) |
Adj. EBITDA |
|
(616 |
) |
250 |
|
82 |
|
(366 |
) |
182 |
|
(548 |
) |
of which Vivento |
|
(890 |
) |
96 |
|
83 |
|
(794 |
) |
0 |
|
(794 |
) |
Adj. EBITDA margin |
|
(13.7 |
)% |
5.5 |
%pts |
|
|
(8.2 |
)% |
19.0 |
% |
(15.5 |
)% |
Depreciation and amortization |
|
(846 |
) |
(68 |
) |
84 |
|
(914 |
) |
(38 |
) |
(876 |
) |
Financial income (expense), net |
|
(2 572 |
) |
(116 |
) |
85 |
|
(2 688 |
) |
0 |
|
(2 688 |
) |
Income (loss) before income taxes |
|
(3 792 |
) |
(184 |
) |
86 |
|
(3 976 |
) |
144 |
|
(4 120 |
) |
Capex |
|
490 |
|
214 |
|
87 |
|
704 |
|
31 |
|
673 |
|
Number of employees (average) |
|
35 095 |
|
0 |
|
|
|
35 095 |
|
2 223 |
|
32 872 |
|
|
|
|
|
|
|
|
|
|
|
to T-Systems |
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta |
|
|
|
|
|
Consolidation |
|
Delta |
|
|
|
Consolidation |
|
new |
|
Consolidation |
|
Consolidation |
|
Ger. GAAP |
|
IFRS |
|
FN |
|
IFRS old |
|
structure |
|
IFRS new |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(11,946 |
) |
(338 |
) |
|
|
(12,284 |
) |
(376 |
) |
(12,660 |
) |
Net revenue |
|
0 |
|
0 |
|
|
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
20 |
|
(30 |
) |
|
|
(10 |
) |
22 |
|
12 |
|
Special factors affecting EBITDA |
|
67 |
|
(14 |
) |
|
|
53 |
|
(5 |
) |
48 |
|
Adj. EBITDA |
|
(47 |
) |
(16 |
) |
|
|
(63 |
) |
27 |
|
(36 |
) |
Depreciation and amortization |
|
316 |
|
(244 |
) |
|
|
72 |
|
(16 |
) |
56 |
|
Financial income (expense), net |
|
(27 |
) |
(188 |
) |
|
|
(215 |
) |
(1 |
) |
(216 |
) |
Income (loss) before income taxes |
|
310 |
|
(463 |
) |
|
|
(153 |
) |
5 |
|
(148 |
) |
Capex |
|
(125 |
) |
70 |
|
|
|
(55 |
) |
12 |
|
(43 |
) |
Unaudited and preliminary Figures
27
Business
unit
Broadband/Fixed Network
T-Online |
|
T-Online |
|
Delta |
|
FN |
|
T-Online |
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,979 |
|
33 |
|
37 |
|
2,012 |
|
Net revenue |
|
1,793 |
|
31 |
|
38 |
|
1,824 |
|
EBITDA |
|
419 |
|
44 |
|
39 |
|
463 |
|
EBITDA margin |
|
21.2 |
% |
1.8 |
%pts |
|
|
23.0 |
% |
Special factors affecting EBITDA |
|
(1 |
) |
0 |
|
40 |
|
(1 |
) |
Adj. EBITDA |
|
420 |
|
44 |
|
41 |
|
464 |
|
Adj. EBITDA margin |
|
21.2 |
% |
1.8 |
%pts |
|
|
23.1 |
% |
Depreciation and amortization |
|
(452 |
) |
344 |
|
42 |
|
(108 |
) |
Financial income (expense), net |
|
109 |
|
15 |
|
43 |
|
124 |
|
Income (loss) before income taxes |
|
73 |
|
406 |
|
44 |
|
479 |
|
Capex |
|
110 |
|
11 |
|
45 |
|
121 |
|
Number of employees (average) |
|
2,963 |
|
0 |
|
|
|
2,963 |
|
|
|
|
|
|
|
|
|
to T-Com |
|
T-Com |
|
T-Com |
|
- |
|
Delta |
|
FN |
|
T-Com |
|
+ |
|
- |
|
Consolidation |
|
T-Com |
|
+ |
|
Consolidation |
|
Broadband/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
27,814 |
|
1,333 |
|
(228 |
) |
28 |
|
26,253 |
|
1,452 |
|
2,797 |
|
693 |
|
25,601 |
|
2,012 |
|
(603 |
) |
27,010 |
|
of which domestic |
|
23,921 |
|
0 |
|
(228 |
) |
|
|
23,693 |
|
|
|
|
|
n.a. |
|
23,069 |
|
1,797 |
|
(604 |
) |
24,262 |
|
of which international |
|
3,893 |
|
1,333 |
|
0 |
|
|
|
2,560 |
|
|
|
|
|
n.a. |
|
2,532 |
|
215 |
|
1 |
|
2,748 |
|
Net revenue |
|
24,425 |
|
|
|
(1,718 |
) |
29 |
|
22,707 |
|
671 |
|
2,793 |
|
0 |
|
20,585 |
|
1,824 |
|
0 |
|
22,409 |
|
EBITDA |
|
10,240 |
|
679 |
|
(23 |
) |
30 |
|
9,538 |
|
47 |
|
89 |
|
8 |
|
9,504 |
|
463 |
|
(14 |
) |
9,953 |
|
of which domestic |
|
8,662 |
|
0 |
|
13 |
|
|
|
8,675 |
|
|
|
|
|
n.a. |
|
8,641 |
|
463 |
|
(14 |
) |
9,090 |
|
of which international |
|
1,578 |
|
679 |
|
(36 |
) |
|
|
863 |
|
|
|
|
|
n.a. |
|
863 |
|
0 |
|
0 |
|
863 |
|
EBITDA margin |
|
36.8 |
% |
50.9 |
% |
|
|
|
|
36.3 |
% |
3.2 |
% |
3.2 |
% |
|
|
37.1 |
% |
23.0 |
% |
|
|
36.8 |
% |
Special factors affecting EBITDA |
|
(226 |
) |
(2 |
) |
0 |
|
31 |
|
(224 |
) |
0 |
|
6 |
|
11 |
|
(219 |
) |
(1 |
) |
0 |
|
(220 |
) |
Adj. EBITDA |
|
10,466 |
|
681 |
|
(23 |
) |
32 |
|
9,762 |
|
47 |
|
83 |
|
(3 |
) |
9,723 |
|
464 |
|
(14 |
) |
10,173 |
|
of which domestic |
|
8,738 |
|
0 |
|
(5 |
) |
|
|
8,733 |
|
|
|
|
|
n.a. |
|
8,712 |
|
464 |
|
(14 |
) |
9,162 |
|
of which international |
|
1,728 |
|
681 |
|
(18 |
) |
|
|
1,029 |
|
|
|
|
|
n.a. |
|
1,011 |
|
0 |
|
0 |
|
1,011 |
|
Adj. EBITDA margin |
|
37.6 |
% |
51.1 |
% |
|
|
|
|
37.2 |
% |
3.2 |
% |
3.0 |
% |
|
|
38.0 |
% |
23.1 |
% |
|
|
37.7 |
% |
Depreciation and amortization |
|
(4,790 |
) |
(264 |
) |
222 |
|
33 |
|
(4,304 |
) |
(65 |
) |
(57 |
) |
(4 |
) |
(4,316 |
) |
(108 |
) |
16 |
|
(4,408 |
) |
Financial income (expense), net |
|
111 |
|
(392 |
) |
(161 |
) |
34 |
|
342 |
|
(3 |
) |
55 |
|
70 |
|
354 |
|
124 |
|
1 |
|
479 |
|
Income (loss) before income taxes |
|
5,525 |
|
23 |
|
74 |
|
35 |
|
5,576 |
|
(21 |
) |
87 |
|
74 |
|
5,542 |
|
479 |
|
3 |
|
6,024 |
|
Capex |
|
2,330 |
|
315 |
|
13 |
|
36 |
|
2,028 |
|
8 |
|
30 |
|
(8 |
) |
1,998 |
|
121 |
|
0 |
|
2,119 |
|
of which domestic |
|
1,620 |
|
0 |
|
14 |
|
|
|
1,634 |
|
|
|
|
|
n.a. |
|
1,604 |
|
95 |
|
(1 |
) |
1,698 |
|
of which international |
|
710 |
|
315 |
|
(1 |
) |
|
|
394 |
|
|
|
|
|
n.a. |
|
394 |
|
26 |
|
1 |
|
421 |
|
Number of employees (average) |
|
125,395 |
|
3,192 |
|
0 |
|
|
|
122,203 |
|
631 |
|
10,506 |
|
0 |
|
112,329 |
|
2,963 |
|
0 |
|
115,292 |
|
of which domestic |
|
94,992 |
|
0 |
|
0 |
|
|
|
94,992 |
|
631 |
|
10,506 |
|
0 |
|
85,118 |
|
2,149 |
|
0 |
|
87,267 |
|
|
|
|
|
to T-Mobile |
|
|
|
|
|
|
|
from T-Systems |
|
to T-Systems |
|
|
|
|
|
from T-Online |
|
|
|
|
|
Unaudited and preliminary Figures
28
Business
unit
Mobile Communications
T-Mobile |
|
T-Mobile |
|
+ |
|
Delta |
|
FN |
|
T-Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
24,995 |
|
1,582 |
|
(50 |
) |
46 |
|
26,527 |
|
Net revenue |
|
24,088 |
|
1,413 |
|
(51 |
) |
47 |
|
25,450 |
|
EBITDA |
|
10,596 |
|
676 |
|
(2,809 |
) |
48 |
|
8,463 |
|
EBITDA margin |
|
42.4 |
% |
42.7 |
% |
|
|
|
|
31.9 |
% |
Special factors affecting EBITDA |
|
2,928 |
|
0 |
|
(2,860 |
) |
49 |
|
68 |
|
Adj. EBITDA |
|
7,668 |
|
676 |
|
51 |
|
50 |
|
8,395 |
|
Adj. EBITDA margin |
|
30.7 |
% |
42.7 |
% |
|
|
|
|
31.6 |
% |
Depreciation and amortization |
|
(5,088 |
) |
(279 |
) |
(1,586 |
) |
51 |
|
(6,953 |
) |
Financial income (expense), net |
|
(774 |
) |
(29 |
) |
874 |
|
52 |
|
71 |
|
Income (loss) before income taxes |
|
4,636 |
|
368 |
|
(3,423 |
) |
53 |
|
1,581 |
|
Capex |
|
2,411 |
|
299 |
|
184 |
|
54 |
|
2,894 |
|
Number of employees (average) |
|
44,226 |
|
3,192 |
|
0 |
|
|
|
47,418 |
|
|
|
|
|
from T-Com |
|
|
|
|
|
|
|
Business
unit
Business Customers
T-Systems |
|
T-Systems |
|
Delta |
|
FN |
|
T-Systems |
|
- |
|
+ |
|
+ |
|
Consoli- |
|
Business |
|
Enterprise |
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
10,537 |
|
(168 |
) |
67 |
|
10,369 |
|
1,385 |
|
972 |
|
4,293 |
|
(1,292 |
) |
12,957 |
|
8,248 |
|
4,709 |
|
Net revenue |
|
7,238 |
|
(195 |
) |
68 |
|
7,043 |
|
671 |
|
76 |
|
2,793 |
|
0 |
|
9,241 |
|
4,944 |
|
4,297 |
|
EBITDA |
|
1,357 |
|
(48 |
) |
69 |
|
1,309 |
|
78 |
|
183 |
|
110 |
|
(7 |
) |
1,517 |
|
1,265 |
|
252 |
|
EBITDA margin |
|
12.9 |
% |
(0.3 |
)%pts |
|
|
12.6 |
% |
5.6 |
% |
18.8 |
% |
2.6 |
% |
|
|
11.7 |
% |
15.3 |
% |
5.4 |
% |
Special factors affecting EBITDA |
|
(116 |
) |
0 |
|
70 |
|
(116 |
) |
0 |
|
0 |
|
(5 |
) |
0 |
|
(121 |
) |
0 |
|
(121 |
) |
Adj. EBITDA |
|
1,473 |
|
(48 |
) |
71 |
|
1,425 |
|
78 |
|
183 |
|
115 |
|
(7 |
) |
1,638 |
|
1,256 |
|
373 |
|
Adj. EBITDA margin |
|
14.0 |
% |
(0.2 |
)%pts |
|
|
13.7 |
% |
5.6 |
% |
18.8 |
% |
2.7 |
% |
|
|
12.6 |
% |
15.3 |
% |
7.9 |
% |
Depreciation and amortization |
|
(1,388 |
) |
467 |
|
72 |
|
(921 |
) |
(65 |
) |
(37 |
) |
(57 |
) |
3 |
|
(947 |
) |
(718 |
) |
(229 |
) |
EBIT |
|
(31 |
) |
419 |
|
73 |
|
388 |
|
13 |
|
145 |
|
54 |
|
(4 |
) |
570 |
|
547 |
|
23 |
|
Financial income (expense), net |
|
(174 |
) |
(203 |
) |
74 |
|
(377 |
) |
(3 |
) |
2 |
|
(15 |
) |
(1 |
) |
(389 |
) |
(268 |
) |
(15 |
) |
Income (loss) before income taxes |
|
(211 |
) |
222 |
|
75 |
|
11 |
|
10 |
|
148 |
|
38 |
|
(6 |
) |
181 |
|
274 |
|
7 |
|
Capex |
|
720 |
|
99 |
|
76 |
|
819 |
|
8 |
|
31 |
|
48 |
|
(22 |
) |
868 |
|
701 |
|
167 |
|
Number of employees (average) |
|
39,880 |
|
0 |
|
|
|
39,880 |
|
631 |
|
2,223 |
|
10,506 |
|
0 |
|
51,978 |
|
35,529 |
|
15,606 |
|
|
|
|
|
|
|
|
|
|
|
to T-Com |
|
from GHS |
|
from T-Com |
|
|
|
|
|
|
|
|
|
All figures in millions
of ,
calculated and rounded on the basis of precise figures
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
Unaudited and preliminary Figures
29
Step 1: IFRS. Deutsche Telekom Group.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
55,838 |
|
13,986 |
|
14,412 |
|
14,524 |
|
14,958 |
|
57,880 |
|
Cost of sales |
|
|
|
(31,233 |
) |
(7,570 |
) |
(7,766 |
) |
(7,849 |
) |
(8,140 |
) |
(31,325 |
) |
Gross profit from sales |
|
|
|
24,605 |
|
6,416 |
|
6,646 |
|
6,675 |
|
6,818 |
|
26,555 |
|
Selling costs |
|
|
|
(13,420 |
) |
(3,295 |
) |
(3,274 |
) |
(3,014 |
) |
(3,675 |
) |
(13,258 |
) |
General administrative costs |
|
|
|
(4,635 |
) |
(1,105 |
) |
(1,129 |
) |
(1,060 |
) |
(1,249 |
) |
(4,543 |
) |
Other operating income |
|
|
|
3,402 |
|
731 |
|
780 |
|
719 |
|
908 |
|
3,138 |
|
Other operating expense |
|
|
|
(4,710 |
) |
(1,222 |
) |
(1,308 |
) |
(1,094 |
) |
(1,348 |
) |
(4,972 |
) |
Operating results |
|
2 |
|
5,242 |
|
1,525 |
|
1,715 |
|
2,226 |
|
1,454 |
|
6,920 |
|
Financial income (expense), net |
|
3 |
|
(4,120 |
) |
(1,110 |
) |
(681 |
) |
(793 |
) |
(743 |
) |
(3,327 |
) |
of which interest expenses |
|
|
|
(3,776 |
) |
(973 |
) |
(795 |
) |
(836 |
) |
(747 |
) |
(3,351 |
) |
Income (loss) before income taxes |
|
4 |
|
1,122 |
|
415 |
|
1,034 |
|
1,433 |
|
711 |
|
3,593 |
|
Income taxes |
|
5 |
|
(530 |
) |
(91 |
) |
(213 |
) |
(340 |
) |
(399 |
) |
(1,043 |
) |
Income (loss) after taxes |
|
6 |
|
592 |
|
324 |
|
821 |
|
1,093 |
|
312 |
|
2,550 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(370 |
) |
(97 |
) |
(93 |
) |
(104 |
) |
(60 |
) |
(354 |
) |
Net income (loss) |
|
8 |
|
222 |
|
227 |
|
728 |
|
989 |
|
252 |
|
2,196 |
|
EBIT |
|
9 |
|
5,404 |
|
1,569 |
|
1,768 |
|
2,273 |
|
1,509 |
|
7,119 |
|
EBIT margin |
|
|
|
9.7 |
% |
11.2 |
% |
12.3 |
% |
15.6 |
% |
10.1 |
% |
12.3 |
% |
EBITDA |
|
10 |
|
18,288 |
|
4,585 |
|
4,783 |
|
5,264 |
|
4,732 |
|
19,364 |
|
EBITDA margin |
|
|
|
32.8 |
% |
32.8 |
% |
33.2 |
% |
36.2 |
% |
31.6 |
% |
33.5 |
% |
Depreciation and amortization |
|
11 |
|
(12,884 |
) |
(3,016 |
) |
(3,015 |
) |
(2,991 |
) |
(3,225 |
) |
(12,245 |
) |
Capex |
|
12 |
|
6,234 |
|
1,019 |
|
1,517 |
|
1,275 |
|
2,125 |
|
5,936 |
|
Free cash flow before dividend |
|
13 |
|
8,285 |
|
2,900 |
|
1,294 |
|
2,391 |
|
3,595 |
|
10,180 |
|
Net debt (billions of ) |
|
14 |
|
46.6 |
|
44.6 |
|
43.3 |
|
40.8 |
|
35.2 |
|
35.2 |
|
Unaudited and preliminary Figures
30
Step 1: IFRS. Deutsche Telekom Group.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
55,838 |
|
13,986 |
|
14,412 |
|
14,524 |
|
14,958 |
|
57,880 |
|
Cost of sales |
|
|
|
(31,402 |
) |
(7,570 |
) |
(7,766 |
) |
(7,849 |
) |
(8,217 |
) |
(31,402 |
) |
Gross profit from sales |
|
|
|
24,436 |
|
6,416 |
|
6,646 |
|
6,675 |
|
6,741 |
|
26,478 |
|
Selling costs |
|
|
|
(13,505 |
) |
(3,295 |
) |
(3,274 |
) |
(3,014 |
) |
(3,699 |
) |
(13,282 |
) |
General administrative costs |
|
|
|
(4,976 |
) |
(1,105 |
) |
(1,129 |
) |
(1,060 |
) |
(1,386 |
) |
(4,680 |
) |
Other operating income |
|
|
|
4,558 |
|
731 |
|
2,758 |
|
1,369 |
|
2,078 |
|
6,936 |
|
Other operating expense |
|
|
|
(5,084 |
) |
(1,291 |
) |
(1,914 |
) |
(1,203 |
) |
(1,176 |
) |
(5,584 |
) |
Operating results |
|
2 |
|
5,429 |
|
1,456 |
|
3,087 |
|
2,767 |
|
2,558 |
|
9,868 |
|
Financial income (expense), net |
|
3 |
|
(4,031 |
) |
(1,110 |
) |
(681 |
) |
(793 |
) |
(743 |
) |
(3,327 |
) |
of which interest expenses |
|
|
|
(3,776 |
) |
(973 |
) |
(795 |
) |
(836 |
) |
(747 |
) |
(3,351 |
) |
Income (loss) before income taxes |
|
4 |
|
1,398 |
|
346 |
|
2,406 |
|
1,974 |
|
1,815 |
|
6,541 |
|
Income taxes |
|
5 |
|
225 |
|
(80 |
) |
(658 |
) |
(483 |
) |
(387 |
) |
(1,608 |
) |
Income (loss) after taxes |
|
6 |
|
1,623 |
|
266 |
|
1,748 |
|
1,491 |
|
1,428 |
|
4,933 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(370 |
) |
(97 |
) |
(93 |
) |
(104 |
) |
(5 |
) |
(299 |
) |
Net income (loss) |
|
8 |
|
1,253 |
|
169 |
|
1,655 |
|
1,387 |
|
1,423 |
|
4,634 |
|
EBIT |
|
9 |
|
5,591 |
|
1,500 |
|
3,140 |
|
2,814 |
|
2,613 |
|
10,067 |
|
EBIT margin |
|
|
|
10.0 |
% |
10.7 |
% |
21.8 |
% |
19.4 |
% |
17.5 |
% |
17.4 |
% |
EBITDA |
|
10 |
|
18,475 |
|
4,516 |
|
6,155 |
|
5,805 |
|
5,839 |
|
22,315 |
|
EBITDA margin |
|
|
|
33.1 |
% |
32.3 |
% |
42.7 |
% |
40.0 |
% |
39.0 |
% |
38.6 |
% |
Depreciation and amortization |
|
11 |
|
(12,884 |
) |
(3,016 |
) |
(3,015 |
) |
(2,991 |
) |
(3,226 |
) |
(12,248 |
) |
Capex |
|
12 |
|
6,234 |
|
1,019 |
|
1,517 |
|
1,275 |
|
2,125 |
|
5,936 |
|
Free cash flow before dividend |
|
13 |
|
8,285 |
|
2,900 |
|
1,294 |
|
2,391 |
|
3,595 |
|
10,180 |
|
Net debt (billions of ) |
|
14 |
|
46.6 |
|
44.6 |
|
43.3 |
|
40.8 |
|
35.2 |
|
35.2 |
|
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
|
(169 |
) |
0 |
|
0 |
|
0 |
|
(77 |
) |
(77 |
) |
Gross profit from sales |
|
|
|
(169 |
) |
0 |
|
0 |
|
0 |
|
(77 |
) |
(77 |
) |
Selling costs |
|
|
|
(85 |
) |
0 |
|
0 |
|
0 |
|
(24 |
) |
(24 |
) |
General administrative costs |
|
|
|
(341 |
) |
0 |
|
0 |
|
0 |
|
(137 |
) |
(137 |
) |
Other operating income |
|
|
|
1,156 |
|
0 |
|
1,978 |
|
650 |
|
1,170 |
|
3,798 |
|
Other operating expense |
|
|
|
(374 |
) |
(69 |
) |
(606 |
) |
(109 |
) |
172 |
|
(612 |
) |
Operating results |
|
2 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
Financial income (expense), net |
|
3 |
|
89 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which interest expenses |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
4 |
|
276 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
Income taxes |
|
5 |
|
755 |
|
11 |
|
(445 |
) |
(143 |
) |
12 |
|
(565 |
) |
Income (loss) after taxes |
|
6 |
|
1,031 |
|
(58 |
) |
927 |
|
398 |
|
1,116 |
|
2,383 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income (loss) |
|
8 |
|
1,031 |
|
(58 |
) |
927 |
|
398 |
|
1,171 |
|
2,438 |
|
EBIT |
|
9 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
10 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,107 |
|
2,951 |
|
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
11 |
|
0 |
|
0 |
|
0 |
|
0 |
|
(1 |
) |
(3 |
) |
Capex |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Free cash flow before dividend |
|
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt (billions of ) |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited and preliminary Figures
31
Step 1: IFRS. Deutsche Telekom Group.
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
Cost of sales |
|
|
|
(29,347 |
) |
(7,219 |
) |
(7,618 |
) |
(7,514 |
) |
(7,872 |
) |
(30,223 |
) |
Gross profit from sales |
|
|
|
26,156 |
|
6,671 |
|
6,759 |
|
6,839 |
|
6,868 |
|
27,137 |
|
Selling costs |
|
|
|
(12,742 |
) |
(3,207 |
) |
(3,072 |
) |
(3,031 |
) |
(3,503 |
) |
(12,813 |
) |
General administrative costs |
|
|
|
(4,515 |
) |
(1,034 |
) |
(1,148 |
) |
(1,002 |
) |
(1,184 |
) |
(4,368 |
) |
Other operating income |
|
|
|
1,851 |
|
361 |
|
398 |
|
396 |
|
479 |
|
1,634 |
|
Other operating expense |
|
|
|
(1,508 |
) |
(306 |
) |
(375 |
) |
(331 |
) |
(380 |
) |
(1,392 |
) |
Operating results |
|
2 |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
Financial income (expense), net |
|
3 |
|
(4,878 |
) |
(1,224 |
) |
(788 |
) |
(1,024 |
) |
(937 |
) |
(3,973 |
) |
of which interest expenses |
|
|
|
(3,880 |
) |
(937 |
) |
(919 |
) |
(864 |
) |
(779 |
) |
(3,499 |
) |
Income (loss) before income taxes |
|
4 |
|
4,364 |
|
1,261 |
|
1,774 |
|
1,847 |
|
1,343 |
|
6,225 |
|
Income taxes |
|
5 |
|
(1,634 |
) |
(440 |
) |
(430 |
) |
(560 |
) |
(657 |
) |
(2,087 |
) |
Income (loss) after taxes |
|
6 |
|
2,730 |
|
821 |
|
1,344 |
|
1,287 |
|
686 |
|
4,138 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(457 |
) |
(130 |
) |
(122 |
) |
(135 |
) |
(94 |
) |
(481 |
) |
Net income (loss) |
|
8 |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
EBIT |
|
9 |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
EBIT margin |
|
|
|
16.7 |
% |
17.9 |
% |
17.8 |
% |
20.0 |
% |
15.5 |
% |
17.8 |
% |
EBITDA |
|
10 |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
EBITDA margin |
|
|
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
Depreciation and amortization |
|
11 |
|
(9,330 |
) |
(2,190 |
) |
(2,361 |
) |
(2,422 |
) |
(2,446 |
) |
(9,419 |
) |
Capex |
|
12 |
|
7,502 |
|
910 |
|
1,680 |
|
1,478 |
|
2,443 |
|
6,511 |
|
Free cash flow before dividend |
|
13 |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
Net debt (billions of ) |
|
14 |
|
50.7 |
|
48.9 |
|
47.3 |
|
44.7 |
|
39.6 |
|
39.6 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
(335 |
) |
(96 |
) |
(35 |
) |
(171 |
) |
(218 |
) |
(520 |
) |
Cost of sales |
|
|
|
1,886 |
|
351 |
|
148 |
|
335 |
|
268 |
|
1,102 |
|
Gross profit from sales |
|
|
|
1,551 |
|
255 |
|
113 |
|
164 |
|
50 |
|
582 |
|
Selling costs |
|
|
|
678 |
|
88 |
|
202 |
|
(17 |
) |
172 |
|
445 |
|
General administrative costs |
|
|
|
120 |
|
71 |
|
(19 |
) |
58 |
|
65 |
|
175 |
|
Other operating income |
|
|
|
(1,551 |
) |
(370 |
) |
(382 |
) |
(323 |
) |
(429 |
) |
(1,504 |
) |
Other operating expense |
|
|
|
3,202 |
|
916 |
|
933 |
|
763 |
|
968 |
|
3,580 |
|
Operating results |
|
2 |
|
4,000 |
|
960 |
|
847 |
|
645 |
|
826 |
|
3,278 |
|
Financial income |
|
3 |
|
(758 |
) |
(114 |
) |
(107 |
) |
(231 |
) |
(194 |
) |
(646 |
) |
of which interest |
|
|
|
(104 |
) |
36 |
|
(124 |
) |
(28 |
) |
(32 |
) |
(148 |
) |
Income (loss) before income taxes |
|
4 |
|
3,242 |
|
846 |
|
740 |
|
414 |
|
632 |
|
2,632 |
|
Income taxes |
|
5 |
|
(1,104 |
) |
(349 |
) |
(217 |
) |
(220 |
) |
(258 |
) |
(1,044 |
) |
Income (loss) after taxes |
|
6 |
|
2,138 |
|
497 |
|
523 |
|
194 |
|
374 |
|
1,588 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(87 |
) |
(33 |
) |
(29 |
) |
(31 |
) |
(34 |
) |
(127 |
) |
Net income (loss) |
|
8 |
|
2,051 |
|
464 |
|
494 |
|
163 |
|
340 |
|
1,461 |
|
EBIT |
|
9 |
|
3,838 |
|
916 |
|
794 |
|
598 |
|
771 |
|
3,079 |
|
EBIT margin |
|
|
|
7.0 |
%pts |
6.7 |
%pts |
5.5 |
%pts |
4.4 |
%pts |
5.4 |
%pts |
5.5 |
%pts |
EBITDA |
|
10 |
|
284 |
|
90 |
|
140 |
|
29 |
|
(6 |
) |
253 |
|
EBITDA margin |
|
|
|
0.7 |
%pts |
0.9 |
%pts |
1.0 |
%pts |
0.7 |
%pts |
0.4 |
%pts |
0.7 |
%pts |
Depreciation and amortization |
|
11 |
|
3,554 |
|
826 |
|
654 |
|
569 |
|
779 |
|
2,826 |
|
Capex |
|
12 |
|
1,268 |
|
(109 |
) |
163 |
|
203 |
|
318 |
|
575 |
|
Free cash flow before dividend |
|
13 |
|
406 |
|
51 |
|
31 |
|
49 |
|
0 |
|
131 |
|
Net debt (billions of ) |
|
14 |
|
4.1 |
|
4.3 |
|
4.0 |
|
3.9 |
|
4.4 |
|
4.4 |
|
Unaudited and preliminary Figures
32
Step 1: IFRS. Deutsche Telekom Group.
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
Cost of sales |
|
|
|
(29,369 |
) |
(7,219 |
) |
(8,971 |
) |
(7,515 |
) |
(7,854 |
) |
(31,559 |
) |
Gross profit from sales |
|
|
|
26,134 |
|
6,671 |
|
5,406 |
|
6,838 |
|
6,886 |
|
25,801 |
|
Selling costs |
|
|
|
(12,747 |
) |
(3,207 |
) |
(3,072 |
) |
(3,032 |
) |
(3,526 |
) |
(12,837 |
) |
General administrative costs |
|
|
|
(4,596 |
) |
(1,034 |
) |
(1,148 |
) |
(1,016 |
) |
(1,307 |
) |
(4,505 |
) |
Other operating income |
|
|
|
2,359 |
|
361 |
|
473 |
|
405 |
|
479 |
|
1,718 |
|
Other operating expense |
|
|
|
(2,765 |
) |
(375 |
) |
(375 |
) |
(2,852 |
) |
(314 |
) |
(3,916 |
) |
Operating results |
|
2 |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
Financial income (expense), net |
|
3 |
|
(4,247 |
) |
(1,224 |
) |
(696 |
) |
(1,024 |
) |
201 |
|
(2,743 |
) |
of which interest expenses |
|
|
|
(3,880 |
) |
(937 |
) |
(919 |
) |
(864 |
) |
(779 |
) |
(3,499 |
) |
Income (loss) before income taxes |
|
4 |
|
4,138 |
|
1,192 |
|
588 |
|
(681 |
) |
2,419 |
|
3,518 |
|
Income taxes |
|
5 |
|
(1,744 |
) |
(430 |
) |
111 |
|
(543 |
) |
(666 |
) |
(1,528 |
) |
Income (loss) after taxes |
|
6 |
|
2,394 |
|
762 |
|
699 |
|
(1,224 |
) |
1,753 |
|
1,990 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(457 |
) |
(130 |
) |
(122 |
) |
(135 |
) |
(39 |
) |
(426 |
) |
Net income (loss) |
|
8 |
|
1,937 |
|
632 |
|
577 |
|
(1,359 |
) |
1,714 |
|
1,564 |
|
EBIT |
|
9 |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
EBIT margin |
|
|
|
15.1 |
% |
17.4 |
% |
8.9 |
% |
2.4 |
% |
15.0 |
% |
10.9 |
% |
EBITDA |
|
10 |
|
18,689 |
|
4,606 |
|
4,998 |
|
5,193 |
|
4,592 |
|
19,389 |
|
EBITDA margin |
|
|
|
33.7 |
% |
33.2 |
% |
34.8 |
% |
36.2 |
% |
31.2 |
% |
33.8 |
% |
Depreciation and amortization |
|
11 |
|
(10,304 |
) |
(2,190 |
) |
(3,714 |
) |
(4,850 |
) |
(2,374 |
) |
(13,128 |
) |
Capex |
|
12 |
|
7,502 |
|
910 |
|
1,680 |
|
1,478 |
|
2,443 |
|
6,511 |
|
Free cash flow before dividend |
|
13 |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
Net debt (billions of ) |
|
14 |
|
50.7 |
|
48.9 |
|
47.3 |
|
44.7 |
|
39.6 |
|
39.6 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
(335 |
) |
(96 |
) |
(35 |
) |
(171 |
) |
(218 |
) |
(520 |
) |
Cost of sales |
|
|
|
2,033 |
|
351 |
|
(1,205 |
) |
334 |
|
363 |
|
(157 |
) |
Gross profit from sales |
|
|
|
1,698 |
|
255 |
|
(1,240 |
) |
163 |
|
145 |
|
(677 |
) |
Selling costs |
|
|
|
758 |
|
88 |
|
202 |
|
(18 |
) |
173 |
|
445 |
|
General administrative costs |
|
|
|
380 |
|
71 |
|
(19 |
) |
44 |
|
79 |
|
175 |
|
Other operating income |
|
|
|
(2,199 |
) |
(370 |
) |
(2,285 |
) |
(964 |
) |
(1,599 |
) |
(5,218 |
) |
Other operating expense |
|
|
|
2,319 |
|
916 |
|
1,539 |
|
(1,649 |
) |
862 |
|
1,668 |
|
Operating results |
|
2 |
|
2,956 |
|
960 |
|
(1,803 |
) |
(2,424 |
) |
(340 |
) |
(3,607 |
) |
Financial income (expense), net |
|
3 |
|
(216 |
) |
(114 |
) |
(15 |
) |
(231 |
) |
944 |
|
584 |
|
of which interest expenses |
|
|
|
(104 |
) |
36 |
|
(124 |
) |
(28 |
) |
(32 |
) |
(148 |
) |
Income (loss) before income taxes |
|
4 |
|
2,740 |
|
846 |
|
(1,818 |
) |
(2,655 |
) |
604 |
|
(3,023 |
) |
Income taxes |
|
5 |
|
(1,969 |
) |
(350 |
) |
769 |
|
(60 |
) |
(279 |
) |
80 |
|
Income (loss) after taxes |
|
6 |
|
771 |
|
496 |
|
(1,049 |
) |
(2,715 |
) |
325 |
|
(2,943 |
) |
Income (losses) applicable to minority shareholders |
|
7 |
|
(87 |
) |
(33 |
) |
(29 |
) |
(31 |
) |
(34 |
) |
(127 |
) |
Net income (loss) |
|
8 |
|
684 |
|
463 |
|
(1,078 |
) |
(2,746 |
) |
291 |
|
(3,070 |
) |
EBIT |
|
9 |
|
2,794 |
|
916 |
|
(1,856 |
) |
(2,471 |
) |
(395 |
) |
(3,806 |
) |
EBIT margin |
|
|
|
5.1 |
%pts |
6.7 |
%pts |
(12.9 |
)%pts |
(17.0 |
)%pts |
(2.4 |
)%pts |
(6.5 |
)%pts |
EBITDA |
|
10 |
|
214 |
|
90 |
|
(1,157 |
) |
(612 |
) |
(1,247 |
) |
(2,926 |
) |
EBITDA margin |
|
|
|
0.6 |
%pts |
0.9 |
%pts |
(7.9 |
)%pts |
(3.8 |
)%pts |
(7.9 |
)%pts |
(4.8 |
)%pts |
Depreciation and amortization |
|
11 |
|
2,580 |
|
826 |
|
(699 |
) |
(1,859 |
) |
852 |
|
(880 |
) |
Capex |
|
12 |
|
1,268 |
|
(109 |
) |
163 |
|
203 |
|
318 |
|
575 |
|
Free cash flow before dividend |
|
13 |
|
406 |
|
51 |
|
31 |
|
49 |
|
0 |
|
131 |
|
Net debt (billions of ) |
|
14 |
|
4.1 |
|
4.3 |
|
4.0 |
|
3.9 |
|
4.4 |
|
4.4 |
|
Unaudited and preliminary Figures
33
Step 1: IFRS. Deutsche Telekom Group.
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
15 |
|
(22 |
) |
0 |
|
(1,353 |
) |
(1 |
) |
18 |
|
(1,336 |
) |
Gross profit from sales |
|
|
|
(22 |
) |
0 |
|
(1,353 |
) |
(1 |
) |
18 |
|
(1,336 |
) |
Selling costs |
|
16 |
|
(5 |
) |
0 |
|
0 |
|
(1 |
) |
(23 |
) |
(24 |
) |
General administrative costs |
|
17 |
|
(81 |
) |
0 |
|
0 |
|
(14 |
) |
(123 |
) |
(137 |
) |
Other operating income |
|
18 |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Other operating expense |
|
19 |
|
(1,257 |
) |
(69 |
) |
0 |
|
(2,521 |
) |
66 |
|
(2,524 |
) |
Operating results |
|
|
|
(857 |
) |
(69 |
) |
(1,278 |
) |
(2,528 |
) |
(62 |
) |
(3,937 |
) |
Financial income (expense), net |
|
20 |
|
631 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
of which interest expenses |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
21 |
|
(226 |
) |
(69 |
) |
(1,186 |
) |
(2,528 |
) |
1,076 |
|
(2,707 |
) |
Income taxes |
|
22 |
|
(110 |
) |
10 |
|
541 |
|
17 |
|
(9 |
) |
559 |
|
Income (loss) after taxes |
|
|
|
(336 |
) |
(59 |
) |
(645 |
) |
(2,511 |
) |
1,067 |
|
(2,148 |
) |
Income (losses) applicable to minority shareholders |
|
23 |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income (loss) |
|
24 |
|
(336 |
) |
(59 |
) |
(645 |
) |
(2,511 |
) |
1,122 |
|
(2,093 |
) |
EBIT |
|
25 |
|
(857 |
) |
(69 |
) |
(1,278 |
) |
(2,528 |
) |
(62 |
) |
(3,937 |
) |
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
26 |
|
117 |
|
(69 |
) |
75 |
|
(100 |
) |
(134 |
) |
(228 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
27 |
|
(974 |
) |
0 |
|
(1,353 |
) |
(2,428 |
) |
72 |
|
(3,709 |
) |
Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Free cash flow before dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt (billions of ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
|
147 |
|
0 |
|
(1,353 |
) |
(1 |
) |
95 |
|
(1,259 |
) |
Gross profit from sales |
|
|
|
147 |
|
0 |
|
(1,353 |
) |
(1 |
) |
95 |
|
(1,259 |
) |
Selling costs |
|
|
|
80 |
|
0 |
|
0 |
|
(1 |
) |
1 |
|
0 |
|
General administrative costs |
|
|
|
260 |
|
0 |
|
0 |
|
(14 |
) |
14 |
|
0 |
|
Other operating income |
|
|
|
(648 |
) |
0 |
|
(1,903 |
) |
(641 |
) |
(1,170 |
) |
(3,714 |
) |
Other operating expense |
|
|
|
(883 |
) |
0 |
|
606 |
|
(2,412 |
) |
(106 |
) |
(1,912 |
) |
Operating results |
|
2 |
|
(1,044 |
) |
0 |
|
(2,650 |
) |
(3,069 |
) |
(1,166 |
) |
(6,885 |
) |
Financial income (expense), net |
|
|
|
542 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
of which interest expenses |
|
3 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
4 |
|
(502 |
) |
0 |
|
(2,558 |
) |
(3,069 |
) |
(28 |
) |
(5,655 |
) |
Income taxes |
|
5 |
|
(865 |
) |
(1 |
) |
986 |
|
160 |
|
(21 |
) |
1,124 |
|
Income (loss) after taxes |
|
6 |
|
(1,367 |
) |
(1 |
) |
(1,572 |
) |
(2,909 |
) |
(49 |
) |
(4,531 |
) |
Income (losses) applicable to minority shareholders |
|
7 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Net income (loss) |
|
8 |
|
(1,367 |
) |
(1 |
) |
(1,572 |
) |
(2,909 |
) |
(49 |
) |
(4,531 |
) |
EBIT |
|
9 |
|
(1,044 |
) |
0 |
|
(2,650 |
) |
(3,069 |
) |
(1,166 |
) |
(6,885 |
) |
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
10 |
|
(70 |
) |
0 |
|
(1,297 |
) |
(641 |
) |
(1,241 |
) |
(3,179 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
11 |
|
(974 |
) |
0 |
|
(1,353 |
) |
(2,428 |
) |
73 |
|
(3,706 |
) |
Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Free cash flow before dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt (billions of ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited and preliminary Figures
34
Step 1: IFRS. T-Com.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
28 |
|
29,206 |
|
6,975 |
|
6,882 |
|
6,806 |
|
7,151 |
|
27,814 |
|
of which domestic |
|
|
|
25,351 |
|
6,059 |
|
5,906 |
|
5,791 |
|
6,165 |
|
23,921 |
|
of which international |
|
|
|
3,855 |
|
916 |
|
976 |
|
1,015 |
|
986 |
|
3,893 |
|
Net revenue |
|
29 |
|
25,116 |
|
6,053 |
|
6,054 |
|
6,007 |
|
6,311 |
|
24,425 |
|
EBITDA |
|
30 |
|
10,164 |
|
2,605 |
|
2,592 |
|
2,576 |
|
2,467 |
|
10,240 |
|
of which domestic |
|
|
|
8,541 |
|
2,181 |
|
2,156 |
|
2,115 |
|
2,210 |
|
8,662 |
|
of which international |
|
|
|
1,623 |
|
424 |
|
436 |
|
461 |
|
257 |
|
1,578 |
|
EBITDA margin |
|
|
|
34.8 |
% |
37.3 |
% |
37.7 |
% |
37.8 |
% |
34.5 |
% |
36.8 |
% |
Special factors affecting EBITDA |
|
31 |
|
(192 |
) |
(36 |
) |
0 |
|
(17 |
) |
(173 |
) |
(226 |
) |
Adj. EBITDA |
|
32 |
|
10,356 |
|
2,641 |
|
2,592 |
|
2,593 |
|
2,640 |
|
10,466 |
|
of which domestic |
|
|
|
8,667 |
|
2,217 |
|
2,156 |
|
2,116 |
|
2,249 |
|
8,738 |
|
of which international |
|
|
|
1,689 |
|
424 |
|
436 |
|
477 |
|
391 |
|
1,728 |
|
Adj. EBITDA margin |
|
|
|
35.5 |
% |
37.9 |
% |
37.7 |
% |
38.1 |
% |
36.9 |
% |
37.6 |
% |
Depreciation and amortization |
|
33 |
|
(5,169 |
) |
(1,184 |
) |
(1,204 |
) |
(1,158 |
) |
(1,244 |
) |
(4,790 |
) |
Financial income (expense), net |
|
34 |
|
(284 |
) |
(15 |
) |
28 |
|
45 |
|
53 |
|
111 |
|
Income (loss) before income taxes |
|
35 |
|
4,690 |
|
1,399 |
|
1,405 |
|
1,455 |
|
1,266 |
|
5,525 |
|
Capex |
|
36 |
|
2,129 |
|
384 |
|
521 |
|
518 |
|
907 |
|
2,330 |
|
of which domestic |
|
|
|
1,516 |
|
292 |
|
380 |
|
384 |
|
564 |
|
1,620 |
|
of which international |
|
|
|
613 |
|
92 |
|
141 |
|
134 |
|
343 |
|
710 |
|
Number of employees (average) |
|
|
|
139,548 |
|
125,700 |
|
125,782 |
|
125,914 |
|
124,184 |
|
125,395 |
|
of which domestic |
|
|
|
106,571 |
|
94,506 |
|
94,943 |
|
95,583 |
|
94,937 |
|
94,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS figures, |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
|
1,187 |
|
286 |
|
329 |
|
374 |
|
344 |
|
1,333 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which international |
|
|
|
1,187 |
|
286 |
|
329 |
|
374 |
|
344 |
|
1,333 |
|
Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
154 |
|
679 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which international |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
154 |
|
679 |
|
EBITDA margin |
|
|
|
50.4 |
% |
52.1 |
% |
56.8 |
% |
50.5 |
% |
44.8 |
% |
50.9 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
(2 |
) |
(2 |
) |
Adj. EBITDA |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
156 |
|
681 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which international |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
156 |
|
681 |
|
Adj. EBITDA margin |
|
|
|
50.4 |
% |
52.1 |
% |
56.8 |
% |
50.5 |
% |
45.3 |
% |
51.1 |
% |
Depreciation and amortization |
|
|
|
(295 |
) |
(50 |
) |
(51 |
) |
(107 |
) |
(56 |
) |
(264 |
) |
Financial income (expense), net |
|
|
|
(286 |
) |
(278 |
) |
1 |
|
(13 |
) |
(102 |
) |
(392 |
) |
Income (loss) before income taxes |
|
|
|
17 |
|
(179 |
) |
136 |
|
70 |
|
(5 |
) |
23 |
|
Capex |
|
|
|
229 |
|
38 |
|
50 |
|
44 |
|
183 |
|
315 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which international |
|
|
|
229 |
|
38 |
|
50 |
|
44 |
|
183 |
|
315 |
|
Number of employees (average) |
|
|
|
3,132 |
|
3,185 |
|
3,192 |
|
3,190 |
|
3,198 |
|
3,192 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Unaudited and preliminary Figures
35
Step 1: IFRS. T-Com.
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
28 |
|
(135 |
) |
(57 |
) |
(9 |
) |
(63 |
) |
(99 |
) |
(228 |
) |
of which domestic |
|
|
|
(126 |
) |
(54 |
) |
(12 |
) |
(64 |
) |
(98 |
) |
(228 |
) |
of which international |
|
|
|
(9 |
) |
(3 |
) |
3 |
|
1 |
|
(1 |
) |
0 |
|
Net revenue |
|
29 |
|
(1,420 |
) |
(368 |
) |
(384 |
) |
(483 |
) |
(483 |
) |
(1,718 |
) |
EBITDA |
|
30 |
|
253 |
|
(6 |
) |
23 |
|
(19 |
) |
(21 |
) |
(23 |
) |
of which domestic |
|
|
|
310 |
|
3 |
|
18 |
|
4 |
|
(12 |
) |
13 |
|
of which international |
|
|
|
(57 |
) |
(9 |
) |
5 |
|
(23 |
) |
(9 |
) |
(36 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Special factors affecting EBITDA |
|
31 |
|
135 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
32 |
|
118 |
|
(6 |
) |
23 |
|
(19 |
) |
(21 |
) |
(23 |
) |
of which domestic |
|
|
|
175 |
|
3 |
|
18 |
|
4 |
|
(30 |
) |
(5 |
) |
of which international |
|
|
|
(57 |
) |
(9 |
) |
5 |
|
(23 |
) |
9 |
|
(18 |
) |
Adj. EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
33 |
|
213 |
|
78 |
|
59 |
|
(101 |
) |
186 |
|
222 |
|
Financial income (expense), net |
|
34 |
|
(155 |
) |
(38 |
) |
(41 |
) |
(40 |
) |
(42 |
) |
(161 |
) |
Income (loss) before income taxes |
|
35 |
|
332 |
|
41 |
|
51 |
|
(151 |
) |
132 |
|
74 |
|
Capex |
|
36 |
|
(30 |
) |
(1 |
) |
(12 |
) |
14 |
|
12 |
|
13 |
|
of which domestic |
|
|
|
(33 |
) |
(1 |
) |
(12 |
) |
15 |
|
12 |
|
14 |
|
of which international |
|
|
|
3 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
Number of employees (average) |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
28 |
|
27,884 |
|
6,632 |
|
6,544 |
|
6,369 |
|
6,708 |
|
26,253 |
|
of which domestic |
|
|
|
25,225 |
|
6,005 |
|
5,894 |
|
5,727 |
|
6,067 |
|
23,693 |
|
of which international |
|
|
|
2,659 |
|
627 |
|
650 |
|
642 |
|
641 |
|
2,560 |
|
Net revenue |
|
29 |
|
23,696 |
|
5,685 |
|
5,670 |
|
5,524 |
|
5,828 |
|
22,707 |
|
EBITDA |
|
30 |
|
9,819 |
|
2,450 |
|
2,428 |
|
2,368 |
|
2,292 |
|
9,538 |
|
of which domestic |
|
|
|
8,851 |
|
2,184 |
|
2,174 |
|
2,119 |
|
2,198 |
|
8,675 |
|
of which international |
|
|
|
968 |
|
266 |
|
254 |
|
249 |
|
94 |
|
863 |
|
EBITDA margin |
|
|
|
35.2 |
% |
36.9 |
% |
37.1 |
% |
37.2 |
% |
34.2 |
% |
36.3 |
% |
Special factors affecting EBITDA |
|
31 |
|
(57 |
) |
(36 |
) |
0 |
|
(17 |
) |
(171 |
) |
(224 |
) |
Adj. EBITDA |
|
32 |
|
9,876 |
|
2,486 |
|
2,428 |
|
2,385 |
|
2,463 |
|
9,762 |
|
of which domestic |
|
|
|
8,842 |
|
2,220 |
|
2,174 |
|
2,120 |
|
2,219 |
|
8,733 |
|
of which international |
|
|
|
1,034 |
|
266 |
|
254 |
|
265 |
|
244 |
|
1,029 |
|
Adj. EBITDA margin |
|
|
|
35.4 |
% |
37.5 |
% |
37.1 |
% |
37.4 |
% |
36.7 |
% |
37.2 |
% |
Depreciation and amortization |
|
33 |
|
(4,661 |
) |
(1,056 |
) |
(1,094 |
) |
(1,152 |
) |
(1,002 |
) |
(4,304 |
) |
Financial income (expense), net |
|
34 |
|
(153 |
) |
225 |
|
(14 |
) |
18 |
|
113 |
|
342 |
|
Income (loss) before income taxes |
|
35 |
|
5,005 |
|
1,619 |
|
1,320 |
|
1,234 |
|
1,403 |
|
5,576 |
|
Capex |
|
36 |
|
1,870 |
|
345 |
|
459 |
|
488 |
|
736 |
|
2,028 |
|
of which domestic |
|
|
|
1,483 |
|
291 |
|
368 |
|
399 |
|
576 |
|
1,634 |
|
of which international |
|
|
|
387 |
|
54 |
|
91 |
|
89 |
|
160 |
|
394 |
|
Number of employees (average) |
|
|
|
136,416 |
|
122,515 |
|
122,590 |
|
122,724 |
|
120,985 |
|
122,203 |
|
of which domestic |
|
|
|
106,571 |
|
94,506 |
|
94,943 |
|
95,583 |
|
94,937 |
|
94,992 |
|
Unaudited and preliminary Figures
36
Step 1: IFRS. T-Mobile.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
46 |
|
22,778 |
|
5,944 |
|
6,237 |
|
6,479 |
|
6,335 |
|
24,995 |
|
Net revenue |
|
47 |
|
21,572 |
|
5,678 |
|
6,005 |
|
6,273 |
|
6,132 |
|
24,088 |
|
EBITDA |
|
48 |
|
7,016 |
|
1,677 |
|
3,210 |
|
2,798 |
|
2,911 |
|
10,596 |
|
EBITDA margin |
|
|
|
30.8 |
% |
28.2 |
% |
51.5 |
% |
43.2 |
% |
46.0 |
% |
42.4 |
% |
Special factors affecting EBITDA |
|
49 |
|
345 |
|
0 |
|
1,280 |
|
636 |
|
1,012 |
|
2,928 |
|
Adj. EBITDA |
|
50 |
|
6,671 |
|
1,677 |
|
1,930 |
|
2,162 |
|
1,899 |
|
7,668 |
|
Adj. EBITDA margin |
|
|
|
29.3 |
% |
28.2 |
% |
30.9 |
% |
33.4 |
% |
30.0 |
% |
30.7 |
% |
Depreciation and amortization |
|
51 |
|
(5,196 |
) |
(1,234 |
) |
(1,270 |
) |
(1,282 |
) |
(1,302 |
) |
(5,088 |
) |
Financial income (expense), net |
|
52 |
|
(895 |
) |
(265 |
) |
(65 |
) |
(203 |
) |
(241 |
) |
(774 |
) |
Income (loss) before income taxes |
|
53 |
|
831 |
|
156 |
|
1,846 |
|
1,287 |
|
1,347 |
|
4,636 |
|
Capex |
|
54 |
|
3,012 |
|
452 |
|
644 |
|
471 |
|
844 |
|
2,411 |
|
Number of employees (average) |
|
|
|
41,767 |
|
43,152 |
|
44,215 |
|
44,920 |
|
44,617 |
|
44,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
46 |
|
(55 |
) |
(19 |
) |
14 |
|
3 |
|
(48 |
) |
(50 |
) |
Net revenue |
|
47 |
|
(55 |
) |
(18 |
) |
13 |
|
3 |
|
(49 |
) |
(51 |
) |
EBITDA |
|
48 |
|
(417 |
) |
1 |
|
(1,187 |
) |
(628 |
) |
(995 |
) |
(2,809 |
) |
Special factors affecting EBITDA |
|
49 |
|
(345 |
) |
0 |
|
(1,205 |
) |
(641 |
) |
(1,014 |
) |
(2,860 |
) |
Adj. EBITDA |
|
50 |
|
(72 |
) |
1 |
|
18 |
|
13 |
|
19 |
|
51 |
|
Depreciation and amortization |
|
51 |
|
1,720 |
|
599 |
|
(844 |
) |
(1,825 |
) |
484 |
|
(1,586 |
) |
Financial income (expense), net |
|
52 |
|
448 |
|
(4 |
) |
(25 |
) |
(13 |
) |
916 |
|
874 |
|
Income (loss) before income taxes |
|
53 |
|
1,845 |
|
618 |
|
(2,027 |
) |
(2,440 |
) |
426 |
|
(3,423 |
) |
Capex |
|
54 |
|
586 |
|
(91 |
) |
95 |
|
93 |
|
87 |
|
184 |
|
Number of employees (average) |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta CEE |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
|
1,475 |
|
347 |
|
398 |
|
432 |
|
405 |
|
1,582 |
|
Net revenue |
|
|
|
1,287 |
|
306 |
|
354 |
|
387 |
|
366 |
|
1,413 |
|
EBITDA |
|
|
|
603 |
|
148 |
|
179 |
|
199 |
|
150 |
|
676 |
|
EBITDA margin |
|
|
|
40.9 |
% |
42.7 |
% |
45.0 |
% |
46.1 |
% |
37.0 |
% |
42.7 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
|
|
603 |
|
148 |
|
179 |
|
199 |
|
150 |
|
676 |
|
Adj. EBITDA margin |
|
|
|
40.9 |
% |
42.7 |
% |
45.0 |
% |
46.1 |
% |
37.0 |
% |
42.7 |
% |
Depreciation and amortization |
|
|
|
(292 |
) |
(50 |
) |
(52 |
) |
(108 |
) |
(69 |
) |
(279 |
) |
Financial income (expense), net |
|
|
|
(18 |
) |
(5 |
) |
(4 |
) |
(8 |
) |
(12 |
) |
(29 |
) |
Income (loss) before income taxes |
|
|
|
293 |
|
93 |
|
123 |
|
83 |
|
69 |
|
368 |
|
Capex |
|
|
|
222 |
|
42 |
|
54 |
|
42 |
|
161 |
|
299 |
|
Number of employees (average) |
|
|
|
3,132 |
|
3,185 |
|
3,192 |
|
3,190 |
|
3,198 |
|
3,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
46 |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
Net revenue |
|
47 |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
EBITDA |
|
48 |
|
7,202 |
|
1,826 |
|
2,202 |
|
2,369 |
|
2,066 |
|
8,463 |
|
EBITDA margin |
|
|
|
29.8 |
% |
29.1 |
% |
33.1 |
% |
34.3 |
% |
30.9 |
% |
31.9 |
% |
Special factors affecting EBITDA |
|
49 |
|
0 |
|
0 |
|
75 |
|
(5 |
) |
(2 |
) |
68 |
|
Adj. EBITDA |
|
50 |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
Adj. EBITDA margin |
|
|
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
Depreciation and amortization |
|
51 |
|
(3,768 |
) |
(685 |
) |
(2,166 |
) |
(3,215 |
) |
(887 |
) |
(6,953 |
) |
Financial income (expense), net |
|
52 |
|
(465 |
) |
(274 |
) |
(94 |
) |
(224 |
) |
663 |
|
71 |
|
Income (loss) before income taxes |
|
53 |
|
2,969 |
|
867 |
|
(58 |
) |
(1,070 |
) |
1,842 |
|
1,581 |
|
Capex |
|
54 |
|
3,820 |
|
403 |
|
793 |
|
606 |
|
1,092 |
|
2,894 |
|
Number of employees (average) |
|
|
|
44,899 |
|
46,337 |
|
47,407 |
|
48,111 |
|
47,815 |
|
47,418 |
|
Unaudited and preliminary Figures
37
Step 1: IFRS. T-Mobile Deutschland.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
55 |
|
8,479 |
|
2,121 |
|
2,161 |
|
2,238 |
|
2,184 |
|
8,704 |
|
|||
EBITDA |
|
56 |
|
3,598 |
|
773 |
|
832 |
|
916 |
|
942 |
|
3,463 |
|
|||
EBITDA margin |
|
|
|
42.4 |
% |
36.4 |
% |
38.5 |
% |
40.9 |
% |
43.1 |
% |
39.8 |
% |
|||
Special factors affecting EBITDA |
|
|
|
(7 |
) |
0 |
|
0 |
|
(5 |
) |
(2 |
) |
(7 |
) |
|||
Adj. EBITDA |
|
56 |
|
3,605 |
|
773 |
|
832 |
|
921 |
|
944 |
|
3,470 |
|
|||
Adj. EBITDA margin |
|
|
|
42.5 |
% |
36.4 |
% |
38.5 |
% |
41.2 |
% |
43.2 |
% |
39.9 |
% |
|||
Capex |
|
57 |
|
462 |
|
57 |
|
72 |
|
83 |
|
159 |
|
371 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
55 |
|
0 |
|
(1 |
) |
18 |
|
23 |
|
1 |
|
41 |
|
|||
EBITDA |
|
56 |
|
77 |
|
30 |
|
48 |
|
37 |
|
55 |
|
170 |
|
|||
EBITDA margin |
|
|
|
0.9 |
%pts |
1.4 |
%pts |
1.9 |
%pts |
1.2 |
%pts |
2.5 |
%pts |
1.8 |
%pts |
|||
Special factors affecting EBITDA |
|
|
|
7 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|||
Adj. EBITDA |
|
56 |
|
70 |
|
30 |
|
48 |
|
37 |
|
55 |
|
170 |
|
|||
Adj. EBITDA margin |
|
|
|
0.8 |
%pts |
1.4 |
%pts |
1.9 |
%pts |
1.2 |
%pts |
2.5 |
%pts |
1.8 |
%pts |
|||
Capex |
|
57 |
|
325 |
|
1 |
|
24 |
|
36 |
|
42 |
|
103 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
55 |
|
8,479 |
|
2,120 |
|
2,179 |
|
2,261 |
|
2,185 |
|
8,745 |
|
|||
EBITDA |
|
56 |
|
3,675 |
|
803 |
|
880 |
|
953 |
|
997 |
|
3,633 |
|
|||
EBITDA margin |
|
|
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.1 |
% |
45.6 |
% |
41.5 |
% |
|||
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
(5 |
) |
(2 |
) |
(7 |
) |
|||
Adj. EBITDA |
|
56 |
|
3,675 |
|
803 |
|
880 |
|
958 |
|
999 |
|
3,640 |
|
|||
Adj. EBITDA margin |
|
|
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.4 |
% |
45.7 |
% |
41.6 |
% |
|||
Capex |
|
57 |
|
787 |
|
58 |
|
96 |
|
119 |
|
201 |
|
474 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Step 1: IFRS. T-Mobile UK. |
||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
58 |
|
4,303 |
|
1,133 |
|
1,108 |
|
1,106 |
|
997 |
|
4,344 |
|
|||
EBITDA |
|
58 |
|
1,060 |
|
385 |
|
440 |
|
384 |
|
233 |
|
1,442 |
|
|||
EBITDA margin |
|
|
|
24.6 |
% |
34.0 |
% |
39.7 |
% |
34.7 |
% |
23.4 |
% |
33.2 |
% |
|||
Special factors affecting EBITDA |
|
58 |
|
0 |
|
0 |
|
75 |
|
0 |
|
0 |
|
75 |
|
|||
Adj. EBITDA |
|
58 |
|
1,060 |
|
385 |
|
365 |
|
384 |
|
233 |
|
1,367 |
|
|||
Adj. EBITDA margin |
|
|
|
24.6 |
% |
34.0 |
% |
32.9 |
% |
34.7 |
% |
23.4 |
% |
31.5 |
% |
|||
Capex |
|
58 |
|
361 |
|
66 |
|
91 |
|
100 |
|
104 |
|
361 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
58 |
|
9 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|||
EBITDA |
|
58 |
|
13 |
|
(1 |
) |
4 |
|
6 |
|
4 |
|
13 |
|
|||
EBITDA margin |
|
|
|
0.3 |
%pts |
(0.1 |
)%pts |
0.4 |
%pts |
0.5 |
%pts |
0.4 |
%pts |
0.3 |
%pts |
|||
Special factors affecting EBITDA |
|
58 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|||
Adj. EBITDA |
|
58 |
|
13 |
|
(1 |
) |
4 |
|
6 |
|
4 |
|
13 |
|
|||
Adj. EBITDA margin |
|
|
|
0.3 |
%pts |
(0.1 |
)%pts |
0.4 |
%pts |
0.5 |
%pts |
0.4 |
%pts |
0.3 |
%pts |
|||
Capex |
|
58 |
|
20 |
|
1 |
|
(1 |
) |
(3 |
) |
20 |
|
17 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total revenue |
|
58 |
|
4,312 |
|
1,133 |
|
1,108 |
|
1,106 |
|
997 |
|
4,344 |
|
|||
EBITDA |
|
58 |
|
1,073 |
|
384 |
|
444 |
|
390 |
|
237 |
|
1,455 |
|
|||
EBITDA margin |
|
|
|
24.9 |
% |
33.9 |
% |
40.1 |
% |
35.3 |
% |
23.8 |
% |
33.5 |
% |
|||
Special factors affecting EBITDA |
|
58 |
|
0 |
|
0 |
|
75 |
|
0 |
|
0 |
|
75 |
|
|||
Adj. EBITDA |
|
58 |
|
1,073 |
|
384 |
|
369 |
|
390 |
|
237 |
|
1,380 |
|
|||
Adj. EBITDA margin |
|
|
|
24.9 |
% |
33.9 |
% |
33.3 |
% |
35.3 |
% |
23.8 |
% |
31.8 |
% |
|||
Capex |
|
58 |
|
381 |
|
67 |
|
90 |
|
97 |
|
124 |
|
378 |
|
|||
Unaudited and preliminary Figures
38
Step 1: IFRS. T-Mobile USA.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
59 |
|
7,416 |
|
2,070 |
|
2,320 |
|
2,477 |
|
2,499 |
|
9,366 |
|
|
EBITDA |
|
60 |
|
1,506 |
|
405 |
|
1,794 |
|
1,298 |
|
631 |
|
4,128 |
|
|
EBITDA margin |
|
|
|
20.3 |
% |
19.6 |
% |
77.3 |
% |
52.4 |
% |
25.3 |
% |
44.1 |
% |
|
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
1,205 |
|
641 |
|
73 |
|
1,919 |
|
|
Adj. EBITDA |
|
62 |
|
1,506 |
|
405 |
|
589 |
|
657 |
|
558 |
|
2,209 |
|
|
Adj. EBITDA margin |
|
|
|
20.3 |
% |
19.6 |
% |
25.4 |
% |
26.5 |
% |
22.3 |
% |
23.6 |
% |
|
Capex |
|
63 |
|
1,817 |
|
289 |
|
419 |
|
197 |
|
415 |
|
1,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
59 |
|
(53 |
) |
(17 |
) |
(3 |
) |
(19 |
) |
(49 |
) |
(88 |
) |
|
EBITDA |
|
60 |
|
(182 |
) |
(36 |
) |
(1,241 |
) |
(673 |
) |
(122 |
) |
(2,072 |
) |
|
EBITDA margin |
|
|
|
(2.3 |
)%pts |
(1.6 |
)%pts |
(53.5 |
)%pts |
(27.0 |
)%pts |
(4.5 |
)%pts |
(21.9 |
)%pts |
|
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
(1,205 |
) |
(641 |
) |
(73 |
) |
(1,919 |
) |
|
Adj. EBITDA |
|
62 |
|
(182 |
) |
(36 |
) |
(36 |
) |
(32 |
) |
(49 |
) |
(153 |
) |
|
Adj. EBITDA margin |
|
|
|
(2.3 |
)%pts |
(1.6 |
)%pts |
(1.5 |
)%pts |
(1.1 |
)%pts |
(1.6 |
)%pts |
(1.4 |
)%pts |
|
Capex |
|
63 |
|
195 |
|
(98 |
) |
63 |
|
51 |
|
(3 |
) |
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
59 |
|
7,363 |
|
2,053 |
|
2,317 |
|
2,458 |
|
2,450 |
|
9,278 |
|
|
EBITDA |
|
60 |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
|
EBITDA margin |
|
|
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
|
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Adj. EBITDA |
|
62 |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
|
Adj. EBITDA margin |
|
|
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
|
Capex |
|
63 |
|
2,012 |
|
191 |
|
482 |
|
248 |
|
412 |
|
1,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 1: IFRS. T-Mobile Netherlands. |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
64 |
|
861 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
|
EBITDA |
|
64 |
|
45 |
|
1 |
|
31 |
|
55 |
|
40 |
|
127 |
|
|
EBITDA margin |
|
|
|
5.2 |
% |
0.4 |
% |
11.6 |
% |
20.4 |
% |
15.4 |
% |
12.1 |
% |
|
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Adj. EBITDA |
|
64 |
|
45 |
|
1 |
|
31 |
|
55 |
|
40 |
|
127 |
|
|
Adj. EBITDA margin |
|
|
|
5.2 |
% |
0.4 |
% |
11.6 |
% |
20.4 |
% |
15.4 |
% |
12.1 |
% |
|
Capex |
|
64 |
|
139 |
|
17 |
|
20 |
|
29 |
|
72 |
|
138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
64 |
|
(1 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
EBITDA |
|
64 |
|
17 |
|
2 |
|
6 |
|
3 |
|
6 |
|
17 |
|
|
EBITDA margin |
|
|
|
2.0 |
%pts |
0.8 |
%pts |
2.2 |
%pts |
1.1 |
%pts |
2.3 |
%pts |
1.6 |
%pts |
|
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Adj. EBITDA |
|
64 |
|
17 |
|
2 |
|
6 |
|
3 |
|
6 |
|
17 |
|
|
Adj. EBITDA margin |
|
|
|
2.0 |
%pts |
0.8 |
%pts |
2.2 |
%pts |
1.1 |
%pts |
2.3 |
%pts |
1.6 |
%pts |
|
Capex |
|
64 |
|
37 |
|
2 |
|
5 |
|
5 |
|
7 |
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
64 |
|
860 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
|
EBITDA |
|
64 |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
|
EBITDA margin |
|
|
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
|
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Adj. EBITDA |
|
64 |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
|
Adj. EBITDA margin |
|
|
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
|
Capex |
|
64 |
|
176 |
|
19 |
|
25 |
|
34 |
|
79 |
|
157 |
|
|
Unaudited and preliminary Figures
39
Step 1: IFRS. T-Mobile Austria.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
65 |
|
1,098 |
|
236 |
|
210 |
|
222 |
|
215 |
|
883 |
|
EBITDA |
|
65 |
|
340 |
|
55 |
|
50 |
|
66 |
|
65 |
|
236 |
|
EBITDA margin |
|
|
|
31.0 |
% |
23.3 |
% |
23.8 |
% |
29.7 |
% |
30.2 |
% |
26.7 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
65 |
|
340 |
|
55 |
|
50 |
|
66 |
|
65 |
|
236 |
|
Adj. EBITDA margin |
|
|
|
31.0 |
% |
23.3 |
% |
23.8 |
% |
29.7 |
% |
30.2 |
% |
26.7 |
% |
Capex |
|
65 |
|
122 |
|
13 |
|
24 |
|
44 |
|
36 |
|
117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
65 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
1 |
|
(1 |
) |
EBITDA |
|
65 |
|
6 |
|
0 |
|
1 |
|
0 |
|
3 |
|
4 |
|
EBITDA margin |
|
|
|
0.5 |
%pts |
0.1 |
%pts |
0.5 |
%pts |
0.1 |
%pts |
1.2 |
%pts |
0.5 |
%pts |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
65 |
|
6 |
|
0 |
|
1 |
|
0 |
|
3 |
|
4 |
|
Adj. EBITDA margin |
|
|
|
0.5 |
%pts |
0.1 |
%pts |
0.5 |
%pts |
0.1 |
%pts |
1.2 |
%pts |
0.5 |
%pts |
Capex |
|
65 |
|
3 |
|
0 |
|
1 |
|
0 |
|
7 |
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
65 |
|
1,098 |
|
235 |
|
210 |
|
221 |
|
216 |
|
882 |
|
EBITDA |
|
65 |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
EBITDA margin |
|
|
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
65 |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
Adj. EBITDA margin |
|
|
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
Capex |
|
65 |
|
125 |
|
13 |
|
25 |
|
44 |
|
43 |
|
125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 1: IFRS. T-Mobile CZ. |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
66 |
|
768 |
|
186 |
|
204 |
|
213 |
|
225 |
|
828 |
|
EBITDA |
|
66 |
|
339 |
|
84 |
|
89 |
|
105 |
|
84 |
|
362 |
|
EBITDA margin |
|
|
|
44.1 |
% |
45.2 |
% |
43.6 |
% |
49.3 |
% |
37.3 |
% |
43.7 |
% |
Special factors affecting EBITDA |
|
66 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
66 |
|
339 |
|
84 |
|
89 |
|
105 |
|
84 |
|
362 |
|
Adj. EBITDA margin |
|
|
|
44.1 |
% |
45.2 |
% |
43.6 |
% |
49.3 |
% |
37.3 |
% |
43.7 |
% |
Capex |
|
66 |
|
85 |
|
7 |
|
14 |
|
16 |
|
51 |
|
88 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
66 |
|
(11 |
) |
0 |
|
(1 |
) |
0 |
|
0 |
|
(1 |
) |
EBITDA |
|
66 |
|
1 |
|
2 |
|
1 |
|
(3 |
) |
2 |
|
2 |
|
EBITDA margin |
|
|
|
0.8 |
%pts |
1.1 |
%pts |
0.7 |
%pts |
(1.4 |
)%pts |
0.9 |
%pts |
0.3 |
%pts |
Special factors affecting EBITDA |
|
66 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
66 |
|
1 |
|
2 |
|
1 |
|
(3 |
) |
2 |
|
2 |
|
Adj. EBITDA margin |
|
|
|
0.8 |
%pts |
1.1 |
%pts |
0.7 |
%pts |
(1.4 |
)%pts |
0.9 |
%pts |
0.3 |
%pts |
Capex |
|
66 |
|
2 |
|
1 |
|
2 |
|
0 |
|
11 |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
66 |
|
757 |
|
186 |
|
203 |
|
213 |
|
225 |
|
827 |
|
EBITDA |
|
66 |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
EBITDA margin |
|
|
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
Special factors affecting EBITDA |
|
66 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
66 |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
Adj. EBITDA margin |
|
|
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
Capex |
|
66 |
|
87 |
|
8 |
|
16 |
|
16 |
|
62 |
|
102 |
|
Unaudited and preliminary Figures
40
Step 1: IFRS. T-Systems.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
67 |
|
10,614 |
|
2,475 |
|
2,625 |
|
2,564 |
|
2,873 |
|
10,537 |
|
Net revenue |
|
68 |
|
7,184 |
|
1,722 |
|
1,813 |
|
1,747 |
|
1,956 |
|
7,238 |
|
EBITDA |
|
69 |
|
1,412 |
|
301 |
|
318 |
|
392 |
|
346 |
|
1,357 |
|
EBITDA margin |
|
|
|
13.3 |
% |
12.2 |
% |
12.1 |
% |
15.3 |
% |
12.0 |
% |
12.9 |
% |
Special factors affecting EBITDA |
|
70 |
|
(3 |
) |
0 |
|
(43 |
) |
(5 |
) |
(68 |
) |
(116 |
) |
Adj. EBITDA |
|
71 |
|
1,415 |
|
301 |
|
361 |
|
397 |
|
414 |
|
1,473 |
|
Adj. EBITDA margin |
|
|
|
13.3 |
% |
12.2 |
% |
13.8 |
% |
15.5 |
% |
14.4 |
% |
14.0 |
% |
Depreciation and amortization |
|
72 |
|
(1,499 |
) |
(340 |
) |
(350 |
) |
(342 |
) |
(356 |
) |
(1,388 |
) |
EBIT |
|
73 |
|
(87 |
) |
(39 |
) |
(32 |
) |
50 |
|
(10 |
) |
(31 |
) |
Financial income (expense), net |
|
74 |
|
(486 |
) |
(150 |
) |
(5 |
) |
(9 |
) |
(10 |
) |
(174 |
) |
Income (loss) before income taxes |
|
75 |
|
(581 |
) |
(190 |
) |
(38 |
) |
39 |
|
(22 |
) |
(211 |
) |
Capex |
|
76 |
|
660 |
|
127 |
|
194 |
|
181 |
|
218 |
|
720 |
|
Number of employees (average) |
|
|
|
42,108 |
|
40,352 |
|
39,867 |
|
39,750 |
|
39,551 |
|
39,880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
67 |
|
(145 |
) |
(11 |
) |
(9 |
) |
(61 |
) |
(87 |
) |
(168 |
) |
Net revenue |
|
68 |
|
(150 |
) |
(11 |
) |
(17 |
) |
(100 |
) |
(67 |
) |
(195 |
) |
EBITDA |
|
69 |
|
116 |
|
25 |
|
9 |
|
(43 |
) |
(39 |
) |
(48 |
) |
EBITDA margin |
|
|
|
1.3 |
%pts |
1.1 |
%pts |
0.4 |
%pts |
(1.3 |
)%pts |
(1.0 |
)%pts |
(0.3 |
)%pts |
Special factors affecting EBITDA |
|
70 |
|
70 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
71 |
|
46 |
|
25 |
|
9 |
|
(43 |
) |
(39 |
) |
(48 |
) |
Adj. EBITDA margin |
|
|
|
0.6 |
%pts |
1.1 |
%pts |
0.4 |
%pts |
(1.4 |
)%pts |
(0.9 |
)%pts |
(0.2 |
)%pts |
Depreciation and amortization |
|
72 |
|
477 |
|
114 |
|
114 |
|
118 |
|
121 |
|
467 |
|
EBIT |
|
73 |
|
593 |
|
139 |
|
123 |
|
75 |
|
82 |
|
419 |
|
Financial income (expense), net |
|
74 |
|
(36 |
) |
(11 |
) |
(18 |
) |
(160 |
) |
(14 |
) |
(203 |
) |
Income (loss) before income taxes |
|
75 |
|
566 |
|
129 |
|
106 |
|
(83 |
) |
70 |
|
222 |
|
Capex |
|
76 |
|
206 |
|
10 |
|
10 |
|
5 |
|
74 |
|
99 |
|
Number of employees (average) |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
67 |
|
10,469 |
|
2,464 |
|
2,616 |
|
2,503 |
|
2,786 |
|
10,369 |
|
Net revenue |
|
68 |
|
7,034 |
|
1,711 |
|
1,796 |
|
1,647 |
|
1,889 |
|
7,043 |
|
EBITDA |
|
69 |
|
1,528 |
|
326 |
|
327 |
|
349 |
|
307 |
|
1,309 |
|
EBITDA margin |
|
|
|
14.6 |
% |
13.2 |
% |
12.5 |
% |
13.9 |
% |
11.0 |
% |
12.6 |
% |
Special factors affecting EBITDA |
|
70 |
|
67 |
|
0 |
|
(43 |
) |
(5 |
) |
(68 |
) |
(116 |
) |
Adj. EBITDA |
|
71 |
|
1,461 |
|
326 |
|
370 |
|
354 |
|
375 |
|
1,425 |
|
Adj. EBITDA margin |
|
|
|
14.0 |
% |
13.2 |
% |
14.1 |
% |
14.1 |
% |
13.5 |
% |
13.7 |
% |
Depreciation and amortization |
|
72 |
|
(1,022 |
) |
(226 |
) |
(236 |
) |
(224 |
) |
(235 |
) |
(921 |
) |
EBIT |
|
73 |
|
506 |
|
100 |
|
91 |
|
125 |
|
72 |
|
388 |
|
Financial income (expense), net |
|
74 |
|
(522 |
) |
(161 |
) |
(23 |
) |
(169 |
) |
(24 |
) |
(377 |
) |
Income (loss) before income taxes |
|
75 |
|
(15 |
) |
(61 |
) |
68 |
|
(44 |
) |
48 |
|
11 |
|
Capex |
|
76 |
|
866 |
|
137 |
|
204 |
|
186 |
|
292 |
|
819 |
|
Number of employees (average) |
|
|
|
42,108 |
|
40,352 |
|
39,867 |
|
39,750 |
|
39,551 |
|
39,880 |
|
Unaudited and preliminary Figures
41
Step 1: IFRS. T-Online.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
37 |
|
1,851 |
|
493 |
|
500 |
|
464 |
|
522 |
|
1,979 |
|
Net revenue |
|
38 |
|
1,662 |
|
453 |
|
456 |
|
419 |
|
465 |
|
1,793 |
|
EBITDA |
|
39 |
|
335 |
|
119 |
|
128 |
|
110 |
|
62 |
|
419 |
|
EBITDA margin |
|
|
|
18.1 |
% |
24.1 |
% |
25.6 |
% |
23.7 |
% |
11.9 |
% |
21.2 |
% |
Special factors affecting EBITDA |
|
40 |
|
25 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
Adj. EBITDA |
|
41 |
|
310 |
|
119 |
|
128 |
|
111 |
|
62 |
|
420 |
|
Adj. EBITDA margin |
|
|
|
16.7 |
% |
24.1 |
% |
25.6 |
% |
23.9 |
% |
11.9 |
% |
21.2 |
% |
Depreciation and amortization |
|
42 |
|
(430 |
) |
(109 |
) |
(111 |
) |
(112 |
) |
(120 |
) |
(452 |
) |
Financial income (expense), net |
|
43 |
|
200 |
|
27 |
|
28 |
|
26 |
|
28 |
|
109 |
|
Income (loss) before income taxes |
|
44 |
|
104 |
|
37 |
|
45 |
|
24 |
|
(33 |
) |
73 |
|
Capex |
|
45 |
|
81 |
|
12 |
|
18 |
|
15 |
|
65 |
|
110 |
|
Number of employees (average) |
|
|
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
37 |
|
0 |
|
(4 |
) |
(1 |
) |
22 |
|
16 |
|
33 |
|
Net revenue |
|
38 |
|
1 |
|
(5 |
) |
(1 |
) |
22 |
|
15 |
|
31 |
|
EBITDA |
|
39 |
|
4 |
|
(1 |
) |
1 |
|
25 |
|
19 |
|
44 |
|
EBITDA margin |
|
|
|
0.2 |
%pts |
0.0 |
%pts |
0.3 |
%pts |
4.1 |
%pts |
3.2 |
%pts |
1.8 |
%pts |
Special factors affecting EBITDA |
|
40 |
|
(1 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
41 |
|
5 |
|
(1 |
) |
1 |
|
25 |
|
19 |
|
44 |
|
Adj. EBITDA margin |
|
|
|
0.3 |
%pts |
0.0 |
%pts |
0.3 |
%pts |
4.1 |
%pts |
3.2 |
%pts |
1.8 |
%pts |
Depreciation and amortization |
|
42 |
|
348 |
|
87 |
|
87 |
|
88 |
|
82 |
|
344 |
|
Financial income (expense), net |
|
43 |
|
(54 |
) |
3 |
|
4 |
|
4 |
|
4 |
|
15 |
|
Income (loss) before income taxes |
|
44 |
|
299 |
|
89 |
|
92 |
|
117 |
|
108 |
|
406 |
|
Capex |
|
45 |
|
9 |
|
1 |
|
0 |
|
4 |
|
6 |
|
11 |
|
Number of employees (average) |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
37 |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
Net revenue |
|
38 |
|
1,663 |
|
448 |
|
455 |
|
441 |
|
480 |
|
1,824 |
|
EBITDA |
|
39 |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
EBITDA margin |
|
|
|
18.3 |
% |
24.1 |
% |
25.9 |
% |
27.8 |
% |
15.1 |
% |
23.0 |
% |
Special factors affecting EBITDA |
|
40 |
|
24 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
Adj. EBITDA |
|
41 |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
Adj. EBITDA margin |
|
|
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
Depreciation and amortization |
|
42 |
|
(82 |
) |
(22 |
) |
(24 |
) |
(24 |
) |
(38 |
) |
(108 |
) |
Financial income (expense), net |
|
43 |
|
146 |
|
30 |
|
32 |
|
30 |
|
32 |
|
124 |
|
Income (loss) before income taxes |
|
44 |
|
403 |
|
126 |
|
137 |
|
141 |
|
75 |
|
479 |
|
Capex |
|
45 |
|
90 |
|
13 |
|
18 |
|
19 |
|
71 |
|
121 |
|
Number of employees (average) |
|
|
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
Unaudited and preliminary Figures
42
Step 1: IFRS. GHS.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
77 |
|
4,268 |
|
1,090 |
|
1,154 |
|
1,164 |
|
1,093 |
|
4,501 |
|
Net revenue |
|
78 |
|
304 |
|
80 |
|
84 |
|
78 |
|
94 |
|
336 |
|
EBITDA |
|
79 |
|
(276 |
) |
(163 |
) |
(81 |
) |
69 |
|
(142 |
) |
(317 |
) |
of which Vivento |
|
80 |
|
(434 |
) |
(250 |
) |
(261 |
) |
(152 |
) |
(123 |
) |
(786 |
) |
EBITDA margin |
|
|
|
(6.5 |
)% |
(15.0 |
)% |
(7.0 |
)% |
5.9 |
% |
(13.0 |
)% |
(7.0 |
)% |
Special factors affecting EBITDA |
|
81 |
|
40 |
|
(33 |
) |
135 |
|
21 |
|
176 |
|
299 |
|
Adj. EBITDA |
|
82 |
|
(316 |
) |
(130 |
) |
(216 |
) |
48 |
|
(318 |
) |
(616 |
) |
of which Vivento |
|
83 |
|
(491 |
) |
(217 |
) |
(304 |
) |
(183 |
) |
(186 |
) |
(890 |
) |
Adj. EBITDA margin |
|
|
|
(7.4 |
)% |
(11.9 |
)% |
(18.7 |
)% |
4.1 |
% |
(29.1 |
)% |
(13.7 |
)% |
Depreciation and amortization |
|
84 |
|
(881 |
) |
(212 |
) |
(173 |
) |
(180 |
) |
(281 |
) |
(846 |
) |
Financial income (expense), net |
|
85 |
|
(2,877 |
) |
(768 |
) |
(574 |
) |
(676 |
) |
(554 |
) |
(2,572 |
) |
Income (loss) before income taxes |
|
86 |
|
(4,071 |
) |
(1,156 |
) |
(839 |
) |
(799 |
) |
(998 |
) |
(3,792 |
) |
Capex |
|
87 |
|
416 |
|
57 |
|
131 |
|
124 |
|
178 |
|
490 |
|
Number of employees (average) |
|
|
|
25,203 |
|
36,239 |
|
34,976 |
|
34,795 |
|
34,371 |
|
35,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
77 |
|
(2 |
) |
(5 |
) |
(4 |
) |
(5 |
) |
(4 |
) |
(18 |
) |
Net revenue |
|
78 |
|
2 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
79 |
|
163 |
|
98 |
|
30 |
|
7 |
|
(192 |
) |
(57 |
) |
of which Vivento(1) |
|
80 |
|
n.a. |
|
42 |
|
32 |
|
35 |
|
(62 |
) |
47 |
|
EBITDA margin |
|
|
|
3.8 |
%pts |
9.0 |
%pts |
2.6 |
%pts |
0.6 |
%pts |
(17.7 |
)%pts |
(1.3 |
)%pts |
Special factors affecting EBITDA |
|
81 |
|
67 |
|
0 |
|
(92 |
) |
0 |
|
(215 |
) |
(307 |
) |
Adj. EBITDA |
|
82 |
|
96 |
|
98 |
|
122 |
|
7 |
|
23 |
|
250 |
|
of which Vivento(1) |
|
83 |
|
n.a. |
|
42 |
|
32 |
|
35 |
|
(13 |
) |
96 |
|
Adj. EBITDA margin |
|
|
|
2.2 |
%pts |
9.0 |
%pts |
10.5 |
%pts |
0.6 |
%pts |
2.0 |
%pts |
5.5 |
%pts |
Depreciation and amortization |
|
84 |
|
61 |
|
0 |
|
(33 |
) |
(67 |
) |
32 |
|
(68 |
) |
Financial income (expense), net |
|
85 |
|
(452 |
) |
(44 |
) |
(78 |
) |
11 |
|
(5 |
) |
(116 |
) |
Income (loss) before income taxes |
|
86 |
|
(191 |
) |
67 |
|
(70 |
) |
(37 |
) |
(144 |
) |
(184 |
) |
Capex |
|
87 |
|
479 |
|
4 |
|
19 |
|
65 |
|
126 |
|
214 |
|
Number of employees (average) |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
77 |
|
4,266 |
|
1,085 |
|
1,150 |
|
1,159 |
|
1,089 |
|
4,483 |
|
Net revenue |
|
78 |
|
306 |
|
80 |
|
84 |
|
78 |
|
94 |
|
336 |
|
EBITDA |
|
79 |
|
(113 |
) |
(65 |
) |
(51 |
) |
76 |
|
(334 |
) |
(374 |
) |
of which Vivento |
|
80 |
|
n.a. |
|
(208 |
) |
(229 |
) |
(117 |
) |
(185 |
) |
(739 |
) |
EBITDA margin |
|
|
|
(2.6 |
)% |
(6.0 |
)% |
(4.4 |
)% |
6.6 |
% |
(30.7 |
)% |
(8.3 |
)% |
Special factors affecting EBITDA |
|
81 |
|
107 |
|
(33 |
) |
43 |
|
21 |
|
(39 |
) |
(8 |
) |
Adj. EBITDA |
|
82 |
|
(220 |
) |
(32 |
) |
(94 |
) |
55 |
|
(295 |
) |
(366 |
) |
of which Vivento |
|
83 |
|
n.a. |
|
(175 |
) |
(272 |
) |
(148 |
) |
(199 |
) |
(794 |
) |
Adj. EBITDA margin |
|
|
|
(5.2 |
)% |
(2.9 |
)% |
(8.2 |
)% |
4.7 |
% |
(27.1 |
)% |
(8.2 |
)% |
Depreciation and amortization |
|
84 |
|
(820 |
) |
(212 |
) |
(206 |
) |
(247 |
) |
(249 |
) |
(914 |
) |
Financial income (expense), net |
|
85 |
|
(3,329 |
) |
(812 |
) |
(652 |
) |
(665 |
) |
(559 |
) |
(2,688 |
) |
Income (loss) before income taxes |
|
86 |
|
(4,262 |
) |
(1,089 |
) |
(909 |
) |
(836 |
) |
(1,142 |
) |
(3,976 |
) |
Capex |
|
87 |
|
895 |
|
61 |
|
150 |
|
189 |
|
304 |
|
704 |
|
Number of employees (average) |
|
|
|
25,203 |
|
36,239 |
|
34,976 |
|
34,795 |
|
34,371 |
|
35,095 |
|
Unaudited and preliminary Figures
43
Step 1: IFRS. Consolidation.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
|
(12,879 |
) |
(2,991 |
) |
(2,986 |
) |
(2,953 |
) |
(3,016 |
) |
(11,946 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
(176 |
) |
(23 |
) |
(12 |
) |
(140 |
) |
195 |
|
20 |
|
Special factors affecting EBITDA |
|
|
|
(28 |
) |
0 |
|
0 |
|
(93 |
) |
160 |
|
67 |
|
Adj. EBITDA |
|
|
|
(148 |
) |
(23 |
) |
(12 |
) |
(47 |
) |
35 |
|
(47 |
) |
Depreciation and amortization |
|
|
|
291 |
|
63 |
|
93 |
|
83 |
|
77 |
|
316 |
|
Financial income (expense), net |
|
|
|
311 |
|
61 |
|
(93 |
) |
24 |
|
(19 |
) |
(27 |
) |
Income (loss) before income taxes |
|
|
|
425 |
|
100 |
|
(13 |
) |
(32 |
) |
255 |
|
310 |
|
Capex |
|
|
|
(64 |
) |
(13 |
) |
9 |
|
(34 |
) |
(87 |
) |
(125 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
|
(286 |
) |
(61 |
) |
(95 |
) |
(125 |
) |
(57 |
) |
(338 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
90 |
|
(26 |
) |
(25 |
) |
36 |
|
(15 |
) |
(30 |
) |
Special factors affecting EBITDA |
|
|
|
4 |
|
0 |
|
0 |
|
0 |
|
(14 |
) |
(14 |
) |
Adj. EBITDA |
|
|
|
86 |
|
(26 |
) |
(25 |
) |
36 |
|
(1 |
) |
(16 |
) |
Depreciation and amortization |
|
|
|
(242 |
) |
(52 |
) |
(81 |
) |
(71 |
) |
(40 |
) |
(244 |
) |
Financial income (expense), net |
|
|
|
(235 |
) |
(293 |
) |
148 |
|
(38 |
) |
(5 |
) |
(188 |
) |
Income (loss) before income taxes |
|
|
|
(386 |
) |
(370 |
) |
43 |
|
(74 |
) |
(62 |
) |
(463 |
) |
Capex |
|
|
|
25 |
|
(36 |
) |
47 |
|
24 |
|
35 |
|
70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
|
|
(13,165 |
) |
(3,052 |
) |
(3,081 |
) |
(3,078 |
) |
(3,073 |
) |
(12,284 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
(86 |
) |
(49 |
) |
(37 |
) |
(104 |
) |
180 |
|
(10 |
) |
Special factors affecting EBITDA |
|
|
|
(24 |
) |
0 |
|
0 |
|
(93 |
) |
146 |
|
53 |
|
Adj. EBITDA |
|
|
|
(62 |
) |
(49 |
) |
(37 |
) |
(11 |
) |
34 |
|
(63 |
) |
Depreciation and amortization |
|
|
|
49 |
|
11 |
|
12 |
|
12 |
|
37 |
|
72 |
|
Financial income (expense), net |
|
|
|
76 |
|
(232 |
) |
55 |
|
(14 |
) |
(24 |
) |
(215 |
) |
Income (loss) before income taxes |
|
|
|
39 |
|
(270 |
) |
30 |
|
(106 |
) |
193 |
|
(153 |
) |
Capex |
|
|
|
(39 |
) |
(49 |
) |
56 |
|
(10 |
) |
(52 |
) |
(55 |
) |
Unaudited and preliminary Figures
44
Step 2: New structure. Broadband/Fixed Network.
Broadband/ |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
of which domestic |
|
25,519 |
|
6,274 |
|
6,109 |
|
5,921 |
|
5,958 |
|
24,262 |
|
of which international |
|
2,776 |
|
667 |
|
700 |
|
688 |
|
693 |
|
2,748 |
|
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
EBITDA |
|
10,368 |
|
2,559 |
|
2,577 |
|
2,477 |
|
2,340 |
|
9,953 |
|
of which domestic |
|
9,445 |
|
2,296 |
|
2,324 |
|
2,222 |
|
2,248 |
|
9,090 |
|
of which international |
|
923 |
|
263 |
|
253 |
|
255 |
|
92 |
|
863 |
|
EBITDA margin |
|
36.6 |
% |
36.9 |
% |
37.8 |
% |
37.5 |
% |
35.2 |
% |
36.8 |
% |
Special factors affecting EBITDA |
|
(40 |
) |
(33 |
) |
0 |
|
(18 |
) |
(169 |
) |
(220 |
) |
Adj. EBITDA |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
of which domestic |
|
9,419 |
|
2,329 |
|
2,324 |
|
2,224 |
|
2,285 |
|
9,162 |
|
of which international |
|
989 |
|
263 |
|
253 |
|
271 |
|
224 |
|
1,011 |
|
Adj. EBITDA margin |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
Depreciation and amortization |
|
(4,747 |
) |
(1,082 |
) |
(1,122 |
) |
(1,181 |
) |
(1,023 |
) |
(4,408 |
) |
Financial income (expense), net |
|
(15 |
) |
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
Income (loss) before income taxes |
|
5,606 |
|
1,738 |
|
1,475 |
|
1,345 |
|
1,466 |
|
6,024 |
|
Capex |
|
1,994 |
|
358 |
|
465 |
|
498 |
|
798 |
|
2,119 |
|
of which domestic |
|
1,588 |
|
298 |
|
368 |
|
404 |
|
628 |
|
1,698 |
|
of which international |
|
406 |
|
60 |
|
97 |
|
94 |
|
170 |
|
421 |
|
Number of employees (average) |
|
128,064 |
|
114,748 |
|
114,860 |
|
116,549 |
|
115,010 |
|
115,292 |
|
of which domestic |
|
97,520 |
|
85,928 |
|
86,390 |
|
88,605 |
|
88,146 |
|
87,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T Com |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
of which domestic |
|
24,599 |
|
5,982 |
|
5,825 |
|
5,618 |
|
5,644 |
|
23,069 |
|
of which international |
|
2,607 |
|
617 |
|
645 |
|
636 |
|
634 |
|
2,532 |
|
Net revenue |
|
21,534 |
|
5,205 |
|
5,154 |
|
4,992 |
|
5,234 |
|
20,585 |
|
EBITDA |
|
10,080 |
|
2,457 |
|
2,440 |
|
2,342 |
|
2,265 |
|
9,504 |
|
of which domestic |
|
9,111 |
|
2,191 |
|
2,186 |
|
2,093 |
|
2,171 |
|
8,641 |
|
of which international |
|
969 |
|
266 |
|
254 |
|
249 |
|
94 |
|
863 |
|
EBITDA margin |
|
37.1 |
% |
37.2 |
% |
37.7 |
% |
37.4 |
% |
36.1 |
% |
37.1 |
% |
Special factors affecting EBITDA |
|
(40 |
) |
(33 |
) |
0 |
|
(17 |
) |
(169 |
) |
(219 |
) |
Adj. EBITDA |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
of which domestic |
|
9,085 |
|
2,224 |
|
2,186 |
|
2,094 |
|
2,208 |
|
8,712 |
|
of which international |
|
1,035 |
|
266 |
|
254 |
|
265 |
|
226 |
|
1,011 |
|
Adj. EBITDA margin |
|
37.2 |
% |
37.7 |
% |
37.7 |
% |
37.7 |
% |
38.8 |
% |
38.0 |
% |
Depreciation and amortization |
|
(4,665 |
) |
(1,058 |
) |
(1,096 |
) |
(1,155 |
) |
(1,007 |
) |
(4,316 |
) |
Financial income (expense), net |
|
(161 |
) |
230 |
|
(11 |
) |
(19 |
) |
116 |
|
(354 |
) |
Income (loss) before income taxes |
|
5,254 |
|
1,629 |
|
1,333 |
|
1,206 |
|
1,374 |
|
5,542 |
|
Capex |
|
1,839 |
|
345 |
|
447 |
|
479 |
|
727 |
|
1,998 |
|
of which domestic |
|
1452 |
|
291 |
|
356 |
|
390 |
|
567 |
|
1,604 |
|
of which international |
|
387 |
|
54 |
|
91 |
|
89 |
|
160 |
|
394 |
|
Number of employees (average) |
|
125,428 |
|
111,830 |
|
111,915 |
|
113,568 |
|
112,002 |
|
112,329 |
|
of which domestic |
|
95,583 |
|
83,821 |
|
84,269 |
|
86,427 |
|
85,954 |
|
85,118 |
|
Unaudited and preliminary Figures
45
T Online |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2012 |
|
Net revenue |
|
1,663 |
|
448 |
|
455 |
|
441 |
|
480 |
|
1,824 |
|
EBITDA |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
EBITDA margin |
|
18.3 |
% |
24.1 |
% |
25.9 |
% |
27.8 |
% |
15.1 |
% |
23.0 |
% |
Special factors affecting EBITDA |
|
24 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
Adj. EBITDA |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
Adj. EBITDA margin |
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
Depreciation and amortization |
|
(82 |
) |
(22 |
) |
(24 |
) |
(24 |
) |
(38 |
) |
(108 |
) |
Financial income (expense), net |
|
146 |
|
30 |
|
32 |
|
30 |
|
32 |
|
124 |
|
Income (loss) before income taxes |
|
403 |
|
126 |
|
137 |
|
141 |
|
75 |
|
479 |
|
Capex |
|
90 |
|
13 |
|
18 |
|
19 |
|
71 |
|
121 |
|
Number of employees (average) |
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
of which domestic |
|
1,937 |
|
2,107 |
|
2,121 |
|
2,178 |
|
2,192 |
|
2,149 |
|
Transfer out |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,730 |
|
563 |
|
602 |
|
585 |
|
1,047 |
|
2,797 |
|
Net revenue |
|
2,955 |
|
676 |
|
708 |
|
664 |
|
745 |
|
2,793 |
|
EBITDA |
|
(73 |
) |
8 |
|
14 |
|
37 |
|
30 |
|
89 |
|
EBITDA margin |
|
(2.7 |
)% |
1.4 |
% |
2.3 |
% |
6.3 |
% |
2.9 |
% |
3.2 |
% |
Special factors affecting EBITDA |
|
17 |
|
4 |
|
0 |
|
0 |
|
2 |
|
6 |
|
Adj. EBITDA |
|
(90 |
) |
4 |
|
14 |
|
37 |
|
28 |
|
83 |
|
Adj. EBITDA margin |
|
(3.3 |
)% |
0.7 |
% |
2.3 |
% |
6.3 |
% |
2.7 |
% |
3.0 |
% |
Depreciation and amortization |
|
(64 |
) |
(16 |
) |
(16 |
) |
(14 |
) |
(11 |
) |
(57 |
) |
Financial income (expense), net |
|
78 |
|
(11 |
) |
16 |
|
12 |
|
38 |
|
55 |
|
Income (loss) before income taxes |
|
(59 |
) |
(19 |
) |
14 |
|
35 |
|
57 |
|
87 |
|
Capex |
|
51 |
|
6 |
|
16 |
|
9 |
|
1 |
|
30 |
|
Number of employees (average) |
|
11,868 |
|
11,313 |
|
11,306 |
|
9,789 |
|
9,617 |
|
10,506 |
|
Transfer in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,884 |
|
418 |
|
396 |
|
322 |
|
316 |
|
1,452 |
|
Net revenue |
|
793 |
|
196 |
|
192 |
|
132 |
|
151 |
|
671 |
|
EBITDA |
|
187 |
|
4 |
|
22 |
|
8 |
|
13 |
|
47 |
|
EBITDA margin |
|
9.9 |
% |
1.0 |
% |
5.6 |
% |
2.5 |
% |
4.1 |
% |
3.2 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
187 |
|
4 |
|
22 |
|
8 |
|
13 |
|
47 |
|
Adj. EBITDA margin |
|
9.9 |
% |
1.0 |
% |
5.6 |
% |
2.5 |
% |
4.1 |
% |
3.2 |
% |
Depreciation and amortization |
|
(65 |
) |
(17 |
) |
(18 |
) |
(14 |
) |
(16 |
) |
(65 |
) |
Financial income (expense), net |
|
(7 |
) |
1 |
|
(2 |
) |
(3 |
) |
1 |
|
(3 |
) |
Income (loss) before income taxes |
|
115 |
|
(12 |
) |
2 |
|
(9 |
) |
(2 |
) |
(21 |
) |
Capex |
|
17 |
|
4 |
|
3 |
|
0 |
|
2 |
|
8 |
|
Number of employees (average) |
|
880 |
|
628 |
|
631 |
|
633 |
|
634 |
|
631 |
|
Unaudited and preliminary Figures
46
Step 2: New structure. Business Customers.
Business |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
EBITDA |
|
1,532 |
|
391 |
|
383 |
|
448 |
|
295 |
|
1,517 |
|
EBITDA margin |
|
11.8 |
% |
12.7 |
% |
11.7 |
% |
14.1 |
% |
8.6 |
% |
11.7 |
% |
Special factors affecting EBITDA |
|
50 |
|
(3 |
) |
(43 |
) |
(5 |
) |
(70 |
) |
(121 |
) |
Adj. EBITDA |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
Adj. EBITDA margin |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
Depreciation and amortization |
|
(1,066 |
) |
(232 |
) |
(243 |
) |
(234 |
) |
(238 |
) |
(947 |
) |
EBIT |
|
466 |
|
159 |
|
140 |
|
214 |
|
57 |
|
570 |
|
Financial income (expense), net |
|
(515 |
) |
(166 |
) |
(24 |
) |
(173 |
) |
(26 |
) |
(389 |
) |
Income (loss) before income taxes |
|
(49 |
) |
(7 |
) |
116 |
|
41 |
|
31 |
|
181 |
|
Capex |
|
934 |
|
139 |
|
222 |
|
201 |
|
307 |
|
868 |
|
Number of employees (average) |
|
54,390 |
|
52,357 |
|
52,729 |
|
51,593 |
|
51,232 |
|
51,978 |
|
Business |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
4,702 |
|
1,168 |
|
1,170 |
|
1,129 |
|
1,242 |
|
4,709 |
|
Net revenue |
|
4,571 |
|
1,062 |
|
1,088 |
|
1,050 |
|
1,097 |
|
4,297 |
|
EBITDA |
|
149 |
|
71 |
|
56 |
|
79 |
|
46 |
|
252 |
|
EBITDA margin |
|
3.2 |
% |
6.1 |
% |
4.8 |
% |
7.0 |
% |
3.7 |
% |
5.4 |
% |
Special factors affecting EBITDA |
|
89 |
|
(3 |
) |
(43 |
) |
(5 |
) |
(70 |
) |
(121 |
) |
Adj. EBITDA |
|
60 |
|
74 |
|
99 |
|
84 |
|
116 |
|
373 |
|
Adj. EBITDA margin |
|
1.3 |
% |
6.3 |
% |
8.5 |
% |
7.4 |
% |
9.3 |
% |
7.9 |
% |
Depreciation and amortization |
|
(272 |
) |
(58 |
) |
(60 |
) |
(54 |
) |
(58 |
) |
(229 |
) |
EBIT |
|
(123 |
) |
13 |
|
(4 |
) |
25 |
|
(11 |
) |
23 |
|
Financial income (expense), net |
|
5 |
|
(3 |
) |
(4 |
) |
(1 |
) |
(7 |
) |
(15 |
) |
Income (loss) before income taxes |
|
(118 |
) |
9 |
|
(8 |
) |
24 |
|
(18 |
) |
7 |
|
Capex |
|
166 |
|
25 |
|
51 |
|
42 |
|
50 |
|
167 |
|
Number of employees (average) |
|
17,836 |
|
17,247 |
|
17,210 |
|
15,734 |
|
15,606 |
|
16,449 |
|
Enterprise |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
8,235 |
|
1,907 |
|
2,102 |
|
2,039 |
|
2,200 |
|
8,248 |
|
Net revenue |
|
4,696 |
|
1,147 |
|
1,239 |
|
1,150 |
|
1,408 |
|
4,944 |
|
EBITDA |
|
1,383 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
EBITDA margin |
|
16.8 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
Special factors affecting EBITDA |
|
(39 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
1,422 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
Adj. EBITDA margin |
|
17.3 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
Depreciation and amortization |
|
(796 |
) |
(174 |
) |
(184 |
) |
(180 |
) |
(181 |
) |
(718 |
) |
EBIT |
|
589 |
|
146 |
|
144 |
|
189 |
|
68 |
|
547 |
|
Financial income (expense), net |
|
(374 |
) |
(131 |
) |
8 |
|
(136 |
) |
(9 |
) |
(268 |
) |
Income (loss) before income taxes |
|
215 |
|
14 |
|
155 |
|
53 |
|
51 |
|
274 |
|
Capex |
|
768 |
|
114 |
|
171 |
|
159 |
|
257 |
|
701 |
|
Number of employees (average) |
|
36,554 |
|
35,110 |
|
35,520 |
|
35,860 |
|
35,626 |
|
35,529 |
|
Unaudited and preliminary Figures
47
Transfer out |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,604 |
|
384 |
|
387 |
|
309 |
|
305 |
|
1,385 |
|
Net revenue |
|
793 |
|
196 |
|
192 |
|
132 |
|
151 |
|
671 |
|
EBITDA |
|
232 |
|
16 |
|
27 |
|
14 |
|
20 |
|
78 |
|
EBITDA margin |
|
14.5 |
% |
4.2 |
% |
7.0 |
% |
4.5 |
% |
6.6 |
% |
5.6 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
232 |
|
16 |
|
27 |
|
14 |
|
20 |
|
78 |
|
Adj. EBITDA margin |
|
14.5 |
% |
4.2 |
% |
7.0 |
% |
4.5 |
% |
6.6 |
% |
5.6 |
% |
Depreciation and amortization |
|
(65 |
) |
(17 |
) |
(18 |
) |
(15 |
) |
(15 |
) |
(65 |
) |
EBIT |
|
167 |
|
(1 |
) |
10 |
|
(1 |
) |
5 |
|
13 |
|
Financial income (expense), net |
|
(7 |
) |
0 |
|
(4 |
) |
0 |
|
1 |
|
(3 |
) |
Income (loss) before income taxes |
|
161 |
|
(1 |
) |
5 |
|
0 |
|
6 |
|
10 |
|
Capex |
|
17 |
|
4 |
|
3 |
|
0 |
|
2 |
|
8 |
|
Number of employees (average) |
|
880 |
|
628 |
|
631 |
|
633 |
|
634 |
|
631 |
|
Transfer
in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
1,007 |
|
222 |
|
272 |
|
276 |
|
202 |
|
972 |
|
Net revenue |
|
71 |
|
18 |
|
15 |
|
21 |
|
22 |
|
76 |
|
EBITDA |
|
283 |
|
56 |
|
70 |
|
78 |
|
(21 |
) |
183 |
|
EBITDA margin |
|
28.1 |
% |
25.3 |
% |
25.7 |
% |
28.2 |
% |
(10.5 |
)% |
18.8 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
283 |
|
56 |
|
70 |
|
78 |
|
(21 |
) |
183 |
|
Adj. EBITDA margin |
|
28.1 |
% |
25.3 |
% |
25.7 |
% |
28.2 |
% |
(10.5 |
)% |
18.8 |
% |
Depreciation and amortization |
|
(49 |
) |
(8 |
) |
(10 |
) |
(10 |
) |
(9 |
) |
(37 |
) |
EBIT |
|
234 |
|
48 |
|
60 |
|
67 |
|
(30 |
) |
145 |
|
Financial income (expense), net |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
3 |
|
2 |
|
Income (loss) before income taxes |
|
233 |
|
48 |
|
60 |
|
67 |
|
(27 |
) |
148 |
|
Capex |
|
33 |
|
2 |
|
6 |
|
7 |
|
17 |
|
31 |
|
Number of employees (average) |
|
1,294 |
|
1,320 |
|
2,189 |
|
2,687 |
|
2,698 |
|
2,223 |
|
Transfer
in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
4,463 |
|
1,044 |
|
1,097 |
|
976 |
|
1,176 |
|
4,293 |
|
Net revenue |
|
2,955 |
|
676 |
|
708 |
|
664 |
|
745 |
|
2,793 |
|
EBITDA |
|
(27 |
) |
19 |
|
17 |
|
48 |
|
26 |
|
110 |
|
EBITDA margin |
|
(0.6 |
)% |
1.8 |
% |
1.6 |
% |
4.9 |
% |
2.2 |
% |
2.6 |
% |
Special factors affecting EBITDA |
|
(17 |
) |
(3 |
) |
0 |
|
0 |
|
(2 |
) |
(5 |
) |
Adj. EBITDA |
|
(10 |
) |
22 |
|
17 |
|
48 |
|
28 |
|
115 |
|
Adj. EBITDA margin |
|
(0.2 |
)% |
2.1 |
% |
1.5 |
% |
4.9 |
% |
2.4 |
% |
2.7 |
% |
Depreciation and amortization |
|
(64 |
) |
(16 |
) |
(16 |
) |
(14 |
) |
(11 |
) |
(57 |
) |
EBIT |
|
(91 |
) |
3 |
|
1 |
|
34 |
|
15 |
|
54 |
|
Financial income (expense), net |
|
1 |
|
(4 |
) |
(5 |
) |
(4 |
) |
(2 |
) |
(15 |
) |
Income (loss) before income taxes |
|
(91 |
) |
(1 |
) |
(4 |
) |
30 |
|
13 |
|
38 |
|
Capex |
|
50 |
|
6 |
|
19 |
|
10 |
|
13 |
|
48 |
|
Number of employees (average) |
|
11,868 |
|
11,313 |
|
11,306 |
|
9,789 |
|
9,617 |
|
10,506 |
|
Unaudited and preliminary Figures
48
Step 2: New structure. GHS.
GHS |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
Net revenue |
|
235 |
|
62 |
|
69 |
|
57 |
|
72 |
|
260 |
|
EBITDA |
|
(396 |
) |
(120 |
) |
(122 |
) |
(1 |
) |
(313 |
) |
(556 |
) |
of which Vivento(1) |
|
n.a. |
|
(208 |
) |
(229 |
) |
(117 |
) |
(185 |
) |
(739 |
) |
EBITDA margin |
|
(12.1 |
)% |
(13.9 |
)% |
(13.8 |
)% |
(0.1 |
)% |
(35.1 |
)% |
(15.8 |
)% |
Special factors affecting EBITDA |
|
107 |
|
(33 |
) |
43 |
|
21 |
|
(39 |
) |
(8 |
) |
Adj. EBITDA |
|
(503 |
) |
(87 |
) |
(165 |
) |
(22 |
) |
(274 |
) |
(548 |
) |
of which Vivento(1) |
|
n.a. |
|
(175 |
) |
(272 |
) |
(148 |
) |
(199 |
) |
(794 |
) |
Adj. EBITDA margin |
|
(15.4 |
)% |
(10.0 |
)% |
(18.7 |
)% |
(2.5 |
)% |
(30.8 |
)% |
(15.5 |
)% |
Depreciation and amortization |
|
(771 |
) |
(204 |
) |
(196 |
) |
(237 |
) |
(239 |
) |
(876 |
) |
Financial income (expense), net |
|
(3,328 |
) |
(812 |
) |
(651 |
) |
(666 |
) |
(559 |
) |
(2,688 |
) |
Income (loss) before income taxes |
|
(4,495 |
) |
(1,136 |
) |
(969 |
) |
(904 |
) |
(1,111 |
) |
(4,120 |
) |
Capex |
|
862 |
|
58 |
|
145 |
|
182 |
|
288 |
|
673 |
|
Number of employees (average) |
|
23,909 |
|
34,919 |
|
32,787 |
|
32,108 |
|
31,673 |
|
32,872 |
|
Disposals |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
995 |
|
219 |
|
268 |
|
272 |
|
198 |
|
957 |
|
Net revenue |
|
71 |
|
18 |
|
15 |
|
21 |
|
22 |
|
76 |
|
EBITDA |
|
283 |
|
55 |
|
71 |
|
77 |
|
(21 |
) |
182 |
|
EBITDA margin |
|
28.5 |
% |
25.1 |
% |
26.5 |
% |
28.3 |
% |
(10.6 |
)% |
19.0 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Adj. EBITDA |
|
283 |
|
55 |
|
71 |
|
77 |
|
(21 |
) |
182 |
|
Adj. EBITDA margin |
|
28.5 |
% |
25.1 |
% |
26.5 |
% |
28.3 |
% |
(10.6 |
)% |
19.0 |
% |
Depreciation and amortization |
|
(49 |
) |
(8 |
) |
(10 |
) |
(10 |
) |
(10 |
) |
(38 |
) |
Financial income (expense), net |
|
(1 |
) |
0 |
|
(1 |
) |
1 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
233 |
|
47 |
|
60 |
|
68 |
|
(31 |
) |
144 |
|
Capex |
|
33 |
|
3 |
|
5 |
|
7 |
|
16 |
|
31 |
|
Number of employees (average) |
|
1,294 |
|
1,320 |
|
2,189 |
|
2,687 |
|
2,698 |
|
2,223 |
|
(1) Value for 2003 in accordance with IFRS not available.
Unaudited and preliminary Figures
49
Step 2: New structure. Consolidation.
|
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
(13,198 |
) |
(3,264 |
) |
(3,235 |
) |
(3,226 |
) |
(2,935 |
) |
(12,660 |
) |
Net revenue |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(17 |
) |
(50 |
) |
(42 |
) |
(100 |
) |
204 |
|
12 |
|
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
(93 |
) |
146 |
|
53 |
|
Adj. EBITDA |
|
(17 |
) |
(50 |
) |
(42 |
) |
(7 |
) |
58 |
|
(41 |
) |
Depreciation and amortization |
|
48 |
|
13 |
|
13 |
|
17 |
|
13 |
|
56 |
|
Financial income (expense), net |
|
76 |
|
(233 |
) |
53 |
|
(10 |
) |
(26 |
) |
(216 |
) |
Income (loss) before income taxes |
|
107 |
|
(270 |
) |
24 |
|
(93 |
) |
191 |
|
(148 |
) |
Capex |
|
(109 |
) |
(48 |
) |
54 |
|
(9 |
) |
(40 |
) |
(43 |
) |
Unaudited and preliminary Figures
50
IFRS. Consolidated balance sheet.
|
|
|
|
Dec. 31, 2003 |
|
Dec. 31, 2004 |
|
||||||||
Assets |
|
FN |
|
Ger. GAAP |
|
Delta |
|
IFRS |
|
Ger. GAAP |
|
Delta |
|
IFRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
19.9 |
|
1.6 |
|
21.5 |
|
16.9 |
|
2.1 |
|
19.0 |
|
Cash and cash equivalents |
|
|
|
9.1 |
|
0.0 |
|
9.1 |
|
8.0 |
|
0.0 |
|
8.0 |
|
Trade receivables and other receivables |
|
88 |
|
5.7 |
|
1.9 |
|
7.6 |
|
5.1 |
|
1.6 |
|
6.7 |
|
Income tax receivables |
|
|
|
1.0 |
|
0.0 |
|
1.0 |
|
0.3 |
|
0.0 |
|
0.3 |
|
Other current financial assets |
|
89 |
|
2.1 |
|
0.0 |
|
2.1 |
|
1.6 |
|
0.2 |
|
1.8 |
|
Inventories |
|
90 |
|
1.2 |
|
(0.2 |
) |
1.0 |
|
1.2 |
|
0.0 |
|
1.2 |
|
Other current assets |
|
91 |
|
0.8 |
|
(0.1 |
) |
0.7 |
|
0.7 |
|
0.3 |
|
1.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent assets |
|
|
|
98.1 |
|
20.0 |
|
118.1 |
|
92.7 |
|
17.4 |
|
110.1 |
|
Intangible assets |
|
92 |
|
45.2 |
|
10.2 |
|
55.4 |
|
43.2 |
|
7.5 |
|
50.7 |
|
Property, plant and equipment |
|
93 |
|
47.5 |
|
1.8 |
|
49.3 |
|
44.4 |
|
1.9 |
|
46.3 |
|
Financial assets accounted for using the equity method |
|
|
|
2.4 |
|
0.0 |
|
2.4 |
|
2.6 |
|
0.1 |
|
2.7 |
|
Other noncurrent financial assets |
|
94 |
|
0.8 |
|
0.6 |
|
1.4 |
|
0.5 |
|
1.2 |
|
1.7 |
|
Deferred tax assets |
|
95 |
|
1.9 |
|
7.4 |
|
9.3 |
|
1.9 |
|
6.4 |
|
8.3 |
|
Other noncurrent assets |
|
96 |
|
0.3 |
|
0.0 |
|
0.3 |
|
0.1 |
|
0.3 |
|
0.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
|
118.0 |
|
21.6 |
|
139.6 |
|
109.6 |
|
19.5 |
|
129.1 |
|
Unaudited and preliminary Figures
52
IFRS. Consolidated balance sheet.
Shareholders equity |
|
FN |
|
Dec. 31, 2003 |
|
Dec. 31, 2004 |
|
||||||||
Ger. GAAP |
|
Delta |
|
IFRS |
Ger. GAAP |
|
Delta |
|
IFRS |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
30.3 |
|
0.1 |
|
30.4 |
|
25.6 |
|
0.6 |
|
26.2 |
|
Current financial liabilities |
|
97 |
|
18.1 |
|
0.8 |
|
18.9 |
|
13.0 |
|
1.1 |
|
14.1 |
|
Trade payables and other payables |
|
|
|
6.4 |
|
0.0 |
|
6.4 |
|
6.2 |
|
0.0 |
|
6.2 |
|
Income tax liabilities |
|
|
|
0.2 |
|
0.0 |
|
0.2 |
|
0.7 |
|
0.0 |
|
0.7 |
|
Current accruals |
|
98 |
|
4.1 |
|
(0.7 |
) |
3.4 |
|
4.3 |
|
(0.6 |
) |
3.7 |
|
Other current liabilities |
|
|
|
1.5 |
|
0.0 |
|
1.5 |
|
1.4 |
|
0.1 |
|
1.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent liabilities |
|
|
|
53.9 |
|
11.5 |
|
65.4 |
|
46.1 |
|
10.9 |
|
57.0 |
|
Noncurrent financial liabilities |
|
99 |
|
43.5 |
|
2.8 |
|
46.3 |
|
34.9 |
|
3.2 |
|
38.1 |
|
Pension provisions and other employee benefits |
|
100 |
|
4.5 |
|
(0.3 |
) |
4.2 |
|
4.6 |
|
(0.4 |
) |
4.2 |
|
Other noncurrent accruals |
|
101 |
|
3.1 |
|
(0.5 |
) |
2.6 |
|
3.4 |
|
(0.3 |
) |
3.1 |
|
Deferred tax liabilities |
|
102 |
|
2.8 |
|
7.8 |
|
10.6 |
|
3.1 |
|
6.6 |
|
9.7 |
|
Other noncurrent liabilities |
|
103 |
|
0.0 |
|
1.7 |
|
1.7 |
|
0.1 |
|
1.8 |
|
1.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt |
|
|
|
84.2 |
|
11.6 |
|
95.8 |
|
71.7 |
|
11.5 |
|
83.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders equity |
|
|
|
33.8 |
|
10.0 |
|
43.8 |
|
37.9 |
|
8.0 |
|
45.9 |
|
Capital stock |
|
|
|
10.7 |
|
0.0 |
|
10.7 |
|
10.7 |
|
0.0 |
|
10.7 |
|
Additional paid-in capital |
|
104 |
|
50.1 |
|
(0.6 |
) |
49.5 |
|
50.1 |
|
(0.6 |
) |
49.5 |
|
Ratained earnings incl. carryforwards |
|
105 |
|
(24.3 |
) |
4.7 |
|
(19.6 |
) |
(23.0 |
) |
5.3 |
|
(17.7 |
) |
Cumulative other comprehensive income |
|
106 |
|
(8.0 |
) |
5.1 |
|
(2.9 |
) |
(8.5 |
) |
5.9 |
|
(2.6 |
) |
Consolidated net profit/(loss) |
|
107 |
|
1.3 |
|
0.6 |
|
1.9 |
|
4.6 |
|
(3.0 |
) |
1.6 |
|
Own shareholdings |
|
|
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
Shareholdings in other companies (minority interests) |
|
108 |
|
4.0 |
|
0.2 |
|
4.2 |
|
4.0 |
|
0.4 |
|
4.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
|
118.0 |
|
21.6 |
|
139.6 |
|
109.6 |
|
19.5 |
|
129.1 |
|
Unaudited and preliminary Figures
53
Preliminary reconciliations of shareholders equity.
|
|
FN |
|
Dec. 31, |
|
Dec. 31, |
|
|
|
|
|
|
|
|
|
Shareholders equity under German GAAP |
|
|
|
37.9 |
|
33.8 |
|
|
|
|
|
|
|
|
|
Goodwill |
|
109 |
|
(3.1 |
) |
(3.5 |
) |
Mobile communications licenses |
|
109 |
|
9.8 |
|
13.1 |
|
Software |
|
110 |
|
0.6 |
|
0.6 |
|
Borrowing costs |
|
111 |
|
(0.5 |
) |
(0.6 |
) |
Measurement of investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method |
|
112 |
|
0.9 |
|
0.3 |
|
Leases |
|
113 |
|
(0.6 |
) |
(0.5 |
) |
Provisions |
|
114 |
|
1.6 |
|
1.5 |
|
Pension provisions |
|
|
|
0.4 |
|
0.3 |
|
Other provisions |
|
|
|
1.2 |
|
1.2 |
|
Deffered revenue |
|
115 |
|
(1.2 |
) |
(1.1 |
) |
Other IFRS adjustments |
|
116 |
|
0.7 |
|
0.6 |
|
Defferred taxes |
|
117 |
|
(0.2 |
) |
(0.4 |
) |
Defferred tax assets |
|
|
|
6.4 |
|
7.4 |
|
Defferred tax liabilities |
|
|
|
(6.6 |
) |
(7.8 |
) |
|
|
|
|
|
|
|
|
Shareholders equity under IFRS |
|
|
|
45.9 |
|
43.8 |
|
Unaudited and preliminary Figures
54
|
|
FN |
|
Dec. 31, |
|
Sep. 30, |
|
Jun. 30, |
|
Mar. 31, |
|
Dec. 31, |
|
Jan. 1, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt derived from German GAAP information |
|
|
|
35,198 |
|
40,779 |
|
43,330 |
|
44,585 |
|
46,576 |
|
61,106 |
|
Lease liabilities |
|
122 |
|
2,487 |
|
2,294 |
|
2,340 |
|
2,410 |
|
2,443 |
|
1,843 |
|
Liabilities arising from ABS transaction |
|
123 |
|
1,563 |
|
1,190 |
|
1,195 |
|
1,367 |
|
1,233 |
|
1,202 |
|
Other IFRS differences |
|
124 |
|
344 |
|
404 |
|
452 |
|
521 |
|
473 |
|
164 |
|
Net debt derived from IFRS information |
|
|
|
39,592 |
|
44,667 |
|
47,317 |
|
48,883 |
|
50,725 |
|
64,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds |
|
|
|
39,458 |
|
43,347 |
|
46,559 |
|
49,997 |
|
51,164 |
|
56,417 |
|
Liabilities to banks |
|
|
|
3,074 |
|
3,153 |
|
3,182 |
|
3,262 |
|
3,789 |
|
6,235 |
|
Liabilities to non-banks from promissory notes |
|
|
|
651 |
|
718 |
|
755 |
|
769 |
|
756 |
|
811 |
|
Liabilities from derivatives |
|
|
|
1,096 |
|
986 |
|
963 |
|
1,003 |
|
1,255 |
|
1,189 |
|
Lease liabilities |
|
|
|
2,487 |
|
2,294 |
|
2,340 |
|
2,410 |
|
2,443 |
|
1,843 |
|
Liabilities arising from ABS transactions |
|
|
|
1,563 |
|
1,190 |
|
1,195 |
|
1,367 |
|
1,233 |
|
1,202 |
|
Other financial liabilities |
|
|
|
79 |
|
76 |
|
120 |
|
197 |
|
52 |
|
103 |
|
Gross debt derived from IFRS information |
|
|
|
48,408 |
|
51,764 |
|
55,114 |
|
59,005 |
|
60,692 |
|
67,800 |
|
Cash and cash equivalents |
|
|
|
8,038 |
|
5,928 |
|
6,614 |
|
9,198 |
|
9,131 |
|
1,904 |
|
Available-for-sale financial assets |
|
|
|
120 |
|
636 |
|
676 |
|
151 |
|
137 |
|
492 |
|
Derivatives |
|
|
|
284 |
|
269 |
|
235 |
|
385 |
|
318 |
|
805 |
|
Other financial assets |
|
|
|
374 |
|
264 |
|
272 |
|
388 |
|
381 |
|
284 |
|
Net debt derived from IFRS information |
|
|
|
39,592 |
|
44,667 |
|
47,317 |
|
48,883 |
|
50,725 |
|
64,315 |
|
Unaudited and preliminary Figures
55
Reconciliation Cash flow statement.
Net cash (used for)/ |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1-Q3 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
German GAAP |
|
|
|
14,316 |
|
4,250 |
|
7,128 |
|
10,808 |
|
16,307 |
|
Internally generated software |
|
118 |
|
242 |
|
15 |
|
54 |
|
153 |
|
254 |
|
ABS |
|
119 |
|
378 |
|
(211 |
) |
(51 |
) |
(58 |
) |
(339 |
) |
Leasing |
|
120 |
|
150 |
|
20 |
|
111 |
|
160 |
|
207 |
|
Interest on borrowings |
|
121 |
|
(41 |
) |
(8 |
) |
(22 |
) |
(29 |
) |
(58 |
) |
Others |
|
|
|
8 |
|
238 |
|
(16 |
) |
90 |
|
350 |
|
IFRS |
|
|
|
15,053 |
|
4,304 |
|
7,204 |
|
11,124 |
|
16,721 |
|
Net cash (used for)/ |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1-Q3 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
German GAAP |
|
|
|
(2,073 |
) |
(1,337 |
) |
(3,351 |
) |
(4,352 |
) |
(4,318 |
) |
Internally generated software |
|
118 |
|
(242 |
) |
(15 |
) |
(54 |
) |
(153 |
) |
(254 |
) |
ABS |
|
119 |
|
46 |
|
19 |
|
39 |
|
46 |
|
41 |
|
Leasing |
|
120 |
|
|
|
22 |
|
40 |
|
35 |
|
37 |
|
Interest on borrowings |
|
121 |
|
41 |
|
8 |
|
22 |
|
29 |
|
58 |
|
Others |
|
|
|
(21 |
) |
(32 |
) |
(32 |
) |
(162 |
) |
(66 |
) |
IFRS |
|
|
|
(2,249 |
) |
(1,335 |
) |
(3,336 |
) |
(4,557 |
) |
(4,502 |
) |
Net cash (used for)/ |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1-Q3 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
German GAAP |
|
|
|
(5,226 |
) |
(2,606 |
) |
(6,204 |
) |
(9,342 |
) |
(12,652 |
) |
Internally generated software |
|
118 |
|
|
|
|
|
|
|
|
|
|
|
ABS |
|
119 |
|
(424 |
) |
192 |
|
12 |
|
12 |
|
298 |
|
Leasing |
|
120 |
|
(150 |
) |
(42 |
) |
(151 |
) |
(195 |
) |
(244 |
) |
Interest on borrowings |
|
121 |
|
|
|
|
|
|
|
|
|
|
|
Others |
|
|
|
(3 |
) |
(203 |
) |
65 |
|
81 |
|
(284 |
) |
IFRS |
|
|
|
(5,797 |
) |
(2,659 |
) |
(6,278 |
) |
(9,444 |
) |
(12,882 |
) |
Effect of foreign exchange
|
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1-Q3 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
German GAAP |
|
|
|
(43 |
) |
17 |
|
30 |
|
5 |
|
0 |
|
Others |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
IFRS |
|
|
|
(33 |
) |
14 |
|
13 |
|
(4 |
) |
0 |
|
Others |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1-Q3 2004 |
|
FY 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used for) / provided by operating activities |
|
|
|
737 |
|
54 |
|
76 |
|
316 |
|
414 |
|
Net cash (used for) / provided by investing activities |
|
|
|
(176 |
) |
2 |
|
15 |
|
(205 |
) |
(184 |
) |
Net cash (used for) / provided by financing activities |
|
|
|
(571 |
) |
(53 |
) |
(74 |
) |
(102 |
) |
(230 |
) |
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
Summe |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Unaudited and preliminary Figures
56
The Committee of European Securities Regulators recommends that selected IFRS financial information be disclosed in the reporting on the 2004 financial year. In line with this recommendation, we are presenting here the preliminary consolidated balance sheets and consolidated income statements under IFRS as well as the preliminary reconciliation of shareholders equity and net income from German GAAP (HGB) to IFRS for the 2003 and 2004 financial years. The disclosure of net debt is not based on any IFRS guidance. This measure is disclosed voluntarily.
In accordance with IFRS 1, the assets and liabilities carried in the preliminary consolidated balance sheets and consolidated income statements under IFRS that are presented here are measured in line with the relevant IFRS standards, compliance with which is mandatory as of December 31, 2005, the date on which the consolidated financial statements under IFRS are prepared for the first time, to the extent that these statements were published up until December 31, 2004. Deutsche Telekom has applied IFRIC 4 since January 1, 2003. The resulting differences between the IFRS carrying amounts and the carrying amounts of the assets and liabilities in the consolidated balance sheet under German GAAP for the period ended December 31, 2002 are recognized directly in equity at the time of the transition to IFRS.
There can be no guarantee that the final consolidated balance sheets and consolidated income statements under IFRS will not deviate from the preliminary consolidated balance sheets and consolidated income statements presented here, because the IASB may make further pronouncements before the final consolidated financial statements as of December 31, 2005 are prepared. Moreover, the EU Commission has yet to endorse individual pronouncements by the IASB that have already been taken into account in the financial information presented below. We would also like to point out that the statements presented here are not a full set of consolidated financial statements under IFRS as defined by IAS 1. In this respect, there are no first-time consolidated financial statements under IFRS within the meaning of IFRS 1. Deutsche Telekom will prepare its first set of consolidated IFRS financial statements as defined by IFRS 1 for the period ended December 31, 2005. IFRS will replace German GAAP in Deutsche Telekoms external reporting from the first quarter of 2005.
This report contains a number of non-GAAP figures, such as EBITDA and EBITDA adj. for special influences, EBITDA margin, EBIT and EBIT adjusted for special influences; EBIT margin, capex, adj. Net income, free cash flow, and net debt. These non-GAAP figures should not be viewed as a substitute to our GAAP figures. Our non-GAAP measures may not be comparable to non-GAAP measures used by other companies. To interpret the non-GAAP measures, please refer to the Backup materials accompanying this presentation and the Reconciliation to pro forma figures posted on Deutsche Telkoms investor relations website under www.deutschetelekom.com.
Unaudited and preliminary Figures
57
Contacts.
Deutsche Telekom AG
Zentralbereich
Investor Relations, Bonn office
Postfach 20 00, D-53105 Bonn
Phone +49 (0) 228 181 8 88 80
Fax +49 (0) 228 181 8 88 99
E-mail: investor.relations@telekom.de
This
report can be downloaded from the Investor Relations site on the Internet at:
www.deutschetelekom.com
For
further information on the business units please refer to:
www.t-com.de
www.t-mobile-international.com
www.t-systems.com
www.t-online.com
Investor
Relations, New York office
Phone +1 212 424 2926
Phone 1 877 DT SHARE (toll-free)
Fax +1 212 424 2986
E-mail: investor.relations@usa.telekom.de
This Report is also available in German.
KNr. 642 100 028
58
Historic Numbers under IFRS.
New Group Structure.
Footnotes.
Group
1 |
|
Net revenue |
|
In general |
|
Mainly differing recognition of revenue from provisioning/activation
charges (T-Com, T-Online, T-Mobile). |
|||||
|
|
|
|
|
|
|
|||||
2 |
|
Profit/loss from operations |
|
In general |
|
Profit/loss from operations and EBIT are identical under IFRS. The difference under German GAAP in other taxes. See notes on EBIT (9). |
|||||
|
|
|
|
|
|
|
|||||
3 |
|
Financial result |
|
In general |
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under operating profit, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Leasing |
|||||
|
|
|
|
|
|
Accounting and reporting regulations concerning finance leases as well as sale and leaseback transactions differ. Under IFRS, the interest cost for lease liabilities is shown under net financial interest/expense. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Interest effect of provisions for pensions and personnel costs |
|||||
|
|
|
|
|
|
The German GAAP/IFRS reconciliation effects mainly result from the difference in accounting and reporting regulations concerning pension accruals. Under IFRS, the interest cost for pension accruals is shown under net financial income/expense. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Results from sales of shares |
|
|
+0.6 billion |
|
|
|
|
|
|
|
|
Reclassification of interest effect of provisions for pensions and personnel costs |
|
|
-0.5 billion |
|
|
|
|
|
|
|
|
Other adjustments to financial result |
|
|
-0.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Results from sales of shares |
|
|
+1.2 billion |
|
|
|
|
|
|
|
|
Leasing |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Reclassification of interest effect of provisions for pensions and personnel costs |
|
|
-0.2 billion |
|
|
|
|
|
|
|
|
Other effects |
|
|
-0.3 billion |
|
|
|
|
|
|
|
|
|
|||||
4 |
|
Income before income taxes |
|
In general |
|
See notes EBITDA (10), Depreciation, amortization, write-downs, and impairment losses (11), and financial result (3). |
|||||
|
|
|
|
|
|
|
|||||
5 |
|
Income taxes |
|
In general |
|
Deferred taxes |
|||||
|
|
|
|
|
|
The differences in the definition of deferred taxes under IFRS and German GAAP relate in particular to Deutsche Telekom AGs contribution goodwill, tax loss carryforwards, and general recognition and measurement differences between IFRS and German GAAP. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
This leads to an additional recognition of deferred tax assets of 9.1 billion in the opening balance sheet and deferred tax liabilities of 7.9 billion, mainly due to the realization of hidden reserves relating to U.S. mobile communications licenses. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
The deferred tax assets on the contribution goodwill are reversed on a pro rata basis in line with the scheduled amortization of the goodwill, and the deferred tax assets on the loss carryforwards are reversed in line with the offsetting of loss carryfowards with taxable income. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
The deferred taxes recognized on measurement differences primarily relate to deferred tax liabilities on measurement differences between IFRS and German GAAP in connection with the realized hidden reserves for U.S. mobile communications licenses. Since U.S. mobile communications licenses are no longer amortized under IFRS, the deferred tax liabilities in 2003 are not released. The impairment recognized under IFRS in 2004 and the reversal of the write-up of these licenses under German GAAP resulted in the corresponding release of the deferred tax liabilities. |
|||||
|
|
|
|
|
|
|
|||||
6 |
|
Net profit/loss |
|
In general |
|
See notes EBITDA (10), Depreciation, amortization, write-downs, and impairment losses (11), Financial result (3), and income taxes (5). |
|||||
|
|
|
|
|
|
|
|||||
7 |
|
Income applicable to minority shareholders |
|
In general |
|
The differences shown here relate to the proportion of the German GAAP / IFRS differences in net profit/loss (6) that is accounted for by minority interest (predominantly: T-Online and MATÁV) |
|||||
|
|
|
|
|
|
|
|||||
8 |
|
Consolidated net profit/loss |
|
In general |
|
See notes on individual components of the net income/loss. |
|||||
|
|
|
|
|
|
|
|||||
9 |
|
EBIT |
|
In general |
|
See notes EBITDA (10) and Depreciation, amortization, write-downs, and impairment losses (11). |
|||||
|
|
|
|
|
|
|
|||||
10 |
|
EBITDA |
|
In general |
|
Recognition of internally generated software |
|||||
|
|
|
|
|
|
Recognizing internally generated software, which is not permissible under German GAAP, increases shareholders equity under IFRS in all of the periods presented. In the periods following the recognition, the net profit under IFRS remains largely unaffected. |
2
|
|
|
|
In general |
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under EBITDA, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Other taxes |
|||||
|
|
|
|
|
|
Under IFRS, other taxes are included in EBITDA. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Interest effect of provisions for pensions and personnel costs |
|||||
|
|
|
|
|
|
Under IFRS, the interest components of the measurement of provisions is shown under the financial result, which leads to an increase in EBITDA. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Additional minimum liability (AML) |
|||||
|
|
|
|
|
|
Reversal of the interest effect of the additional minimum liability (AML), recognized under German GAAP, as AML is not recognized under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of recognition of interest on borrowings |
|||||
|
|
|
|
|
|
The fact that Deutsche Telekom does not make use of the option under IFRS to recognize borrowing costs results in adjustments having to be made. Under German GAAP, borrowing costs accounted for during the construction period were recognized. Not recognizing borrowing costs reduces shareholders equity under IFRS in all periods. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Leasing |
|||||
|
|
|
|
|
|
Whereas under German GAAP, the ongoing lease expenses are recognized in the income statement, under IFRS the scheduled depreciation on the assets is expensed and the interest component of the lease liability is shown as interest expense. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. Note however the nonscheduled write-down on the license in New York under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|||||
|
|
|
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP corrected previous amortization of these licenses. As FCC licenses are not amortized under IFRS due to the indefinite useful life, there is no need for the write-up either. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Recognition of internally generated software |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
Other taxes |
|
|
-0.2 billion |
|
|
|
|
|
|
|
|
Reclassification of interest effect of provisions for pensions and personnel costs |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
Provisions for pensions, mainly additional minimum liability |
|
|
+0.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Recognition of internally generated software |
|
|
+0.3 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-1.2 billion |
|
|
|
|
|
|
|
|
Other taxes |
|
|
-0.2 billion |
|
|
|
|
|
|
|
|
Reclassification of interest effect of provisions for pensions and personnel costs |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
Revenue recognition |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Reversal of recognition of interest on borrowings |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Leasing |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
|
|||||
11 |
|
Depreciation, |
|
In general |
|
No amortization of goodwill |
|||||
|
|
amortization, write-downs, and impairment losses |
|
|
|
Goodwill is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Mobile communications licenses |
|||||
|
|
|
|
|
|
The U.S. mobile communications licenses are no longer amortized under IFRS due to their unlimited useful life. In contrast to German GAAP, UMTS licenses are not amortized from the time of acquisition under IFRS, but from the time the UMTS network is put into commercial operation. The amortization of UMTS licenses charged under German GAAP before the UMTS network was put into operation is therefore no longer charged under IFRS. In Austria the UMTS network was put into operation in December 2003, in Germany in Q2 04 and in the UK in Q3 04. The UMTS newtorks have not yet been put into operation in the Netherlands and the Czech Republic. |
3
|
|
|
|
In general |
|
Impairment |
||||||||
|
|
|
|
|
|
The impairment tests required under IFRS found that the goodwill of T-Mobile-UK in 2004 and T-Mobile USA in 2003 needed to be corrected. It was also found that the goodwill of MATÁV needed to be corrected in 2003 and Slovak Telekom in 2004. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Impairment resulting from the wind-up of the network joint venture |
||||||||
|
|
|
|
|
|
The wind-up of the network joint venture between T-Mobile USA and Cingular Wireless resulted in an impairment, mainly relating to the transfer of a 10MHz license in New York to Cingular Wireless in 2007. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Reversal of recognition of interest on borrowings |
||||||||
|
|
|
|
|
|
The fact that Deutsche Telekom does not make use of the option under IFRS to recognize borrowing costs results in adjustments having to be made. Under German GAAP, borrowing costs accounted for during the construction period were recognized. Not recognizing borrowing costs reduces shareholders equity under IFRS in all periods. The lower amortization than under German GAAP increases the net profit. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Recognition of internally generated software |
||||||||
|
|
|
|
|
|
The recognition of intenally generated assets leads to additional depreciation and amortization. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Amortization of leases |
||||||||
|
|
|
|
|
|
Whereas under German GAAP, the ongoing lease expenses are recognized in the income statement, under IFRS the scheduled depreciation on the assets is expensed. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
FY 2003 |
|
No amortization of goodwill |
|
|
+2.5 billion |
|
|
|||
|
|
|
|
|
|
Impairment, MATÁV |
|
|
-0.2 billion |
|
|
|||
|
|
|
|
|
|
Impairment, T-Mobile USA |
|
|
-0.8 billion |
|
|
|||
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+1.1 billion |
|
|
|||
|
|
|
|
|
|
Reversal of recognition of interest on borrowings |
|
|
+0.2 billion |
|
|
|||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
-0.2 billion |
|
|
|||
|
|
|
|
|
|
Amortization of leases |
|
|
-0.2 billion |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
FY 2004 |
|
No amortization of goodwill |
|
|
+2.5 billion |
|
|
|||
|
|
|
|
|
|
Impairment, T-Mobile UK |
|
|
-2.2 billion |
|
|
|||
|
|
|
|
|
|
Impairment, Slovak Telecom |
|
|
-0.2 billion |
|
|
|||
|
|
|
|
|
|
License impairment, New York |
|
|
-1.3 billion |
|
|
|||
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+0.6 billion |
|
|
|||
|
|
|
|
|
|
Non-recognition of interest on borrowings under IFRS |
|
|
+0.2 billion |
|
|
|||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
-0.3 billion |
|
|
|||
|
|
|
|
|
|
Amortization of leases |
|
|
-0.1 billion |
|
|
|||
|
|
|
|
|
|
|
||||||||
12 |
|
Capex |
|
In general |
|
Increase in capex due to recognition of restoration obligations and finance lease and the recognition of internally generated software. |
||||||||
|
|
|
|
|
|
|
||||||||
13 |
|
Free cash flow before dividend payment |
|
In general |
|
The difference in free cash flow is mainly the result of reclassifications between cash flows from operating, financing and investing activities. These reclassifications relate to changes in cash and cash equivalents resulting from the ABS program, interest on borrowings, leases and other issues. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
FY 2003 |
|
ABS (reclassification to cash flows from investing and financing activities) |
|
|
+372 million |
|
|
|||
|
|
|
|
|
|
Leases (reclassification to cash flows from financing activities) |
|
|
+150 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
FY 2004 |
|
ABS (reclassification from cash flows from investing and financing activities) |
|
|
-143 million |
|
|
|||
|
|
|
|
|
|
Finance leases (mainly reclassification to cash flows from financing activities) |
|
|
+207 million |
|
|
|||
|
|
|
|
|
|
|
||||||||
14 |
|
Net financial liabilities |
|
In general |
|
Lease liabilities |
||||||||
|
|
|
|
|
|
In the case of a finance lease, the assets are measured at the lower of the fair value of the leased property and the present value of the minimum lease payments in the lessees balance sheet. At the same time, a lease liability is recognized. As a result, Deutsche Telekoms net financial liabilities increase. |
||||||||
4
|
|
|
|
In general |
|
Liabilities arising from ABS transactions |
|||||
|
|
|
|
|
|
As part of asset-backed securities (ABS) transactions, financial assets, in this case trade receivables, are sold to a special-purpose entity (SPE). The special purpose entity then raises money on the capital market secured with the purchased receivables. Under IFRS, SPEs must generally be consolidated by the economic beneficiary. In comparison with German GAAP, this leads to an increase in net financial liabilities under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Other IFRS differences |
|||||
|
|
|
|
|
|
The other differences primarily consist of the more extensive incorporation of derivatives as well as the cash collaterals included in other financial assets with regard to ABS transactions. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Leasing |
|
|
+2.4 billion |
|
|
|
|
|
|
|
|
ABS |
|
|
+1.2 billion |
|
|
|
|
|
|
|
|
Other |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Leasing |
|
|
+2.5 billion |
|
|
|
|
|
|
|
|
ABS |
|
|
+1.6 billion |
|
|
|
|
|
|
|
|
Other |
|
|
+0.3 billion |
|
|
Special factors
15 |
|
Cost of sales |
|
In general |
|
See notes on individual quarters. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Reversal of the interest effect of the additional minimum liability (AML), recognized under German GAAP, as AML is not recognized under IFRS |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Reduction of the write-down charged in Q2 04 resulting from the wind-up of the network joint venture |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.3 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16 |
|
Selling costs |
|
FY 2003 |
|
Reversal of the interest effect of the additional minimum liability (AML), recognized under German GAAP, as AML is not recognized under IFRS |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17 |
|
General and administrative costs |
|
FY 2003 |
|
Reversal of the interest effect of the additional minimum liability (AML), recognized under German GAAP, as AML is not recognized under IFRS and reclassification of adjustment of discount rate for civil servant health insurance fund |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18 |
|
Other operating income |
|
In general |
|
Reversal of write-up on FCC licenses |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares (here in particular shares in SES, MTS and Eutelsat) are no longer shown under EBITDA, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Results from sales of shares |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of write-up on FCC licenses |
|
|
-1.8 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC licenses |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Results from sales of shares |
|
|
-1.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Reversal of write-up on FCC licenses |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-1.2 billion |
|
|
5
19 |
|
Other operating expenses |
|
In general |
|
See notes on individual quarters. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Mainly reversal of AML interest effect, as AML not recognized under IFRS, and impairment of goodwill at MATÁV and T-Mobile USA under IFRS |
|
|
-1.0 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of the accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless |
|
|
+0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Write-down of FCC licenses at Slovak
Telecom and |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Discontinuation of the reduction under German GAAP of the accrual for contingent losses recognized in Q2 04 relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless. |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Mainly write-downs of FCC licenses at Slovak Telecom and T-Mobile UK under IFRS |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
Reversal of the accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 |
|
Financial result |
|
In general |
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under EBITDA, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Provisions |
|||||
|
|
|
|
|
|
Under IFRS, the interest components of the measurement of accruals and liabilities are shown under financial result. |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2003 |
|
Results from sales of shares |
|
|
+0.8 billion |
|
|
|
|
|
|
|
|
Provisions (civil servant health insurance fund) |
|
|
-0.2 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Results from sales of shares (SES) |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
+1.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
+1.2 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21 |
|
Income before income taxes |
|
In general |
|
See notes on individual issues in the income statement items within income before income taxes. |
|||||
|
|
|
|
|
|
|
|||||
22 |
|
Income taxes |
|
In general |
|
See notes on individual quarters. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Lower tax income under IFRS relating to the conversion of T-Mobile International AG into a limited partnership under German law (AG & Co. KG) |
|
|
-0.3 billion |
|
|
|
|
|
|
|
|
Non-recurrence of the tax income from the reversal of the AML interest effect |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Tax income under IFRS from the additional to accruals for the civil servant health insurance fund |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
Higher tax expense under IFRS resulting from the sale of the remaining cable companies |
|
|
-0.3 billion |
|
|
6
|
|
|
|
Q1 04 |
|
No adjustment |
|
||||
|
|
|
|
|
|
|
|||||
|
|
|
|
Q2 04 |
|
Non-recurrence of deferred taxes relating to the write-up under German GAAP of FCC licenses at T-Mobile USA |
|
|
+0.4 billion |
|
|
|
|
|
|
|
|
Deferred taxes relating to the write-down under IFRS of FCC licenses at T-Mobile USA |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Non-recurrence of deferred taxes relating to the write-up under German GAAP resulting from the wind-up of the network joint venture |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Non-recurrence of deferred taxes relating to the write-up under German GAAP of FCC licenses at T-Mobile USA |
|
|
+0.6 billion |
|
|
|
|
|
|
|
|
Deferred taxes relating to the write-down under IFRS resulting from the wind-up of the network joint venture |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
|
|||||
23 |
|
Income applicable to minority shareholders |
|
In general |
|
No change |
|||||
|
|
|
|
|
|
|
|||||
24 |
|
Consolidated net profit/loss |
|
In general |
|
See notes on individual issues in the income statement items within consolidated net profit/loss. |
|||||
|
|
|
|
|
|
|
|||||
25 |
|
EBIT |
|
In general |
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under EBITDA, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|||||
|
|
|
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP were not made under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Reversal of AML interest effect, as AML is not recognized under IFRS. |
|
|
+0.3 billion |
|
|
|
|
|
|
|
|
Reclassification of addition to accrual due to the adjustment of the discount rate applied for the civil servant health insurance fund |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
Write-down of FCC licenses at Slovak Telecom and MATÁV and T-Mobile USA |
|
|
-1.0 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+0.6 billion |
|
|
|
|
|
|
|
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.4 billion |
|
|
|
|
|
|
|
|
Results from sales of shares (SES) |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-1.8 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Write-down of FCC licenses at Slovak
Telecom and |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Reduction of the write-down charged in Q2 04 resulting from the wind-up of the network joint venture |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
-1.1 billion |
|
|
|
|
|
|
|
|
Discontinuation of the reduction under German GAAP of the accrual for contingent losses recognized in Q2 04 relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless. |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.3 billion |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
-1.2 billion |
|
|
|
|
|
|
|
|
Write-down of FCC licenses at Slovak
Telecom and |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-2.4 billion |
|
|
7
26 |
|
EBITDA |
|
In general |
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Results from sales of shares |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under EBIT, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|||||
|
|
|
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP were not made under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Reversal of AML interest effect, as AML is not recognized under IFRS. |
|
|
+0.3 billion |
|
|
|
|
|
|
|
|
Reclassification of addition to accrual due to the adjustment of the discount rate applied for the civil servant health insurance fund |
|
|
+0.2 billion |
|
|
|
|
|
|
|
|
Results from sales of shares |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+0.6 billion |
|
|
|
|
|
|
|
|
Results from sales of shares (SES) |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-1.8 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC licenses |
|
|
-0.6 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
-1,1 billion |
|
|
|
|
|
|
|
|
Discontinuation of the reduction under German GAAP of the accrual for contingent losses recognized in Q2 04 relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless. |
|
|
-0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+0.5 billion |
|
|
|
|
|
|
|
|
Results from sales of shares (SES, MTS and Eutelsat) |
|
|
-1.2 billion |
|
|
|
|
|
|
|
|
Reversal of write-up on FCC licenses |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27 |
|
Depreciation, amortization, |
|
In general |
|
See notes on individual quarters. |
|
|
|
|
|
|
|
write-downs, and impairment losses |
|
FY 2003 |
|
Write-down of FCC licenses at Slovak Telecom and MATÁV and T-Mobile USA |
|
|
-1.0 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No adjustment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Write-down of FCC licenses at Slovak
Telecom and |
|
|
-2.4 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Reduction of the write-down charged in Q2 04 resulting from the wind-up of the network joint venture |
|
|
+0.1 billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1.3 billion |
|
|
|
|
|
|
|
|
Write-down of goodwill at Slovak Telecom and T-Mobile UK |
|
|
-2.4 billion |
|
|
8
T Com
28 |
|
Total revenue |
|
In general |
|
The main differences between German GAAP and IFRS result from the following issues: |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Up-front fees (decrease) |
|||||
|
|
|
|
|
|
Up-front fees are accrued over the average useful life (duration of the customer relationship), which reduces the revenue at the beginning of the contractual relationship. Deferred revenues are released in the subsequent periods over the duration of the customer relationship. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Service numbers (decrease) |
|||||
|
|
|
|
|
|
Some revenues in the area of value-added services (e.g. 0190 premium rate services) may only be recognized net. Accordingly, T-Com only recognizes an agency commission. This reduces revenue (no effect on EBITDA). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Leases (decrease) |
|||||
|
|
|
|
|
|
Current forms of rentals are treated as leases under IFRS. Classification as finance leases generates the following effects on revenue: The proportion of revenue classified as a finance component is recognized in net interest. The revenue of the entire duration of the customer relationship is recognized in the year the contract is concluded as a discounted one-time amount, minus the finance component. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Up-front charges |
|
|
-103 million |
|
|
|
|
|
|
|
|
of which net figures for serives numbers |
|
|
-77 million |
|
|
|
|
|
|
|
|
Leases |
|
|
-44 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Up-front charges |
|
|
-186 million |
|
|
|
|
|
|
|
|
of which net figures for serives numbers |
|
|
-90 million |
|
|
|
|
|
|
|
|
Leases |
|
|
-49 million |
|
|
|
|
|
|
|
|
|
|||||
29 |
|
Net revenue |
|
In general |
|
See notes on total revenue (28). |
|||||
|
|
|
|
|
|
|
|||||
30 |
|
EBITDA |
|
In general |
|
Other taxes have already been deducted in the deviations between German GAAP and IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
The main differences between German GAAP and IFRS result from the following issues: |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Pension accruals (increase) |
|||||
|
|
|
|
|
|
The timing of additions to pension accruals under IFRS is different from that under German GAAP as a result of measurement differences. This currently leads to an improvement in results. The interest cost relating to the annual additions to pension accruals is shown under personnel costs under German GAAP; under IFRS, it is shown under net interest (reclassification). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
ABS transaction (decrease/increase) |
|||||
|
|
|
|
|
|
As part of asset-backed securities (ABS) transactions, financial assets, in this case trade receivables, are sold to a special-purpose entity (SPE). The SPE then raises money on the capital market secured with the purchased receivables - this applies in particular to T-Com. Under IFRS, SPEs must generally be consolidated by the economic beneficiary. While the fees to by paid to the special purpose entity are shown as program fees under other operating expenses under German GAAP, consolidation of the special purpose entity leads to the elimination of this expense item. The interest expense to be paid by the special purpose entity for the capital market liability corresponds to a great extent to this expense item. This is recognized under interest expense under IFRS, not other operating expenses as under German GAAP. For this reason, these expenses are not included in the calculation of EBITDA. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Recognition of internally generated assets, mainly software (increase) |
|||||
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to expense in full when incurred; they are capitalized as assets and depreciated over the useful life. This reduces the cost base which burdens EBITDA. For T-Com, this relates in particular to internally generated software. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Leases (decrease) |
|||||
|
|
|
|
|
|
Noncurrent assets (in particular routers) are no longer capitalized under IFRS; their acquisition costs are expensed. |
9
|
|
|
|
FY 2003 |
|
EBITDA effect due to up-front fees |
|
|
+20 million |
|
|
|||||||||||
|
|
|
|
|
|
Pension accruals |
|
|
+480 million |
|
|
|||||||||||
|
|
|
|
|
|
ABS transaction |
|
|
-58 million |
|
|
|||||||||||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
+29 million |
|
|
|||||||||||
|
|
|
|
|
|
Leases |
|
|
-104 million |
|
|
|||||||||||
|
|
|
|
|
|
Other |
|
|
-114 million |
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
FY 2004 |
|
EBITDA effect due to up-front fees |
|
|
-68 million |
|
|
|||||||||||
|
|
|
|
|
|
Pension provisions and other employee benefits |
|
|
+197 million |
|
|
|||||||||||
|
|
|
|
|
|
ABS transaction |
|
|
+26 million |
|
|
|||||||||||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
+27 million |
|
|
|||||||||||
|
|
|
|
|
|
Leases |
|
|
-111 million |
|
|
|||||||||||
|
|
|
|
|
|
Other |
|
|
-94 million |
|
|
|||||||||||
|
|
|
|
|
|
|
||||||||||||||||
31 |
|
Special factors affecting EBITDA |
|
In general |
|
The main differences between German GAAP and IFRS result from the following issues: |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
FY 2003 |
|
Pension provisions and other employee benefits |
|
|
-204 million |
|
|
|||||||||||
|
|
|
|
|
|
Sale of cable companies |
|
|
+70 million |
|
|
|||||||||||
|
|
|
|
|
|
|
||||||||||||||||
32 |
|
Adj. EBITDA |
|
In general |
|
Adjusted EBITDA is the result of the subtraction of special factors affecting EBITDA (31) from EBITDA (30). |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
33 |
|
Depreciation, amortization, |
|
In general |
|
The main differences between German GAAP and IFRS result from the following issues: |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
write-downs, and impairment losses |
|
|
|
Discontinuation of amortization of capitalized interest on borrowings as interest not capitalized under IFRS Discontinuation of amortization of assets from leases Recognition of internally generated software leads to additional depreciation and amortization |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
FY 2003 |
|
Non-amortization of recognized interest on borrowings |
|
|
+152 million |
|
|
|||||||||||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
-42 million |
|
|
|||||||||||
|
|
|
|
|
|
Discontinuation of amortization of assets from leases |
|
|
+59 million |
|
|
|||||||||||
|
|
|
|
|
|
Other |
|
|
44 million |
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
FY 2004 |
|
Non-amortization of recognized interest on borrowings |
|
|
+87 million |
|
|
|||||||||||
|
|
|
|
|
|
Discontinuation of amortization of assets from leases |
|
|
+70 million |
|
|
|||||||||||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
-44 million |
|
|
|||||||||||
|
|
|
|
|
|
Other |
|
|
+109 million |
|
|
|||||||||||
|
|
|
|
|
|
|
||||||||||||||||
34 |
|
Financial result |
|
In general |
|
The main differences between German GAAP and IFRS result from the following issues: |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
Pension accruals |
||||||||||||||||
|
|
|
|
|
|
The interest cost relating to the annual additions to pension accruals is shown under personnel costs under German GAAP; under IFRS, it is shown under net interest (reclassification). |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
Leases (decrease) |
||||||||||||||||
|
|
|
|
|
|
Current forms of rentals are treated as leases under IFRS. Classification as finance leases generates the following effects on revenue: The proportion of revenue classified as a finance component is recognized in net interest. |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
FY 2003 |
|
Pension provisions and other employee benefits |
|
|
-185 million |
|
|
|||||||||||
|
|
|
|
|
|
Leases |
|
|
+26 million |
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
FY 2004 |
|
Pension provisions and other employee benefits |
|
|
-137 million |
|
|
|||||||||||
|
|
|
|
|
|
Leases |
|
|
+17 million |
|
|
|||||||||||
|
|
|
|
|
|
|
||||||||||||||||
35 |
|
Income before income taxes |
|
In general |
|
See notes on EBITDA (30). |
||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||
36 |
|
Capex |
|
In general |
|
There are no significant differences between capex under German GAAP and IFRS at T-Com. |
||||||||||||||||
10
T Online
37 |
|
Total revenue |
|
In general |
|
Up-front charges |
|||||||||||||
|
|
|
|
|
|
Higher revenue under IFRS, as the effects of the broadband campaign (provisioning charge) are deferred under IFRS and have only a pro rata negative effect on revenue. Under German GAAP, the negative revenue impact of the provisioning charge is recognized in full immediately. |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
FY 2004 |
|
Up-front charges |
|
|
+38 million |
|
|
||||||||
|
|
|
|
|
|
|
|||||||||||||
38 |
|
Net revenue |
|
In general |
|
See notes total revenue (37) |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
39 |
|
EBITDA |
|
In general |
|
Up-front charges |
|||||||||||||
|
|
|
|
|
|
Higher revenue under IFRS, as the effects of the broadband campaign (provisioning charge) are deferred under IFRS and have only a pro rata negative effect on revenue. Under German GAAP, the negative revenue impact of the provisioning charge is recognized in full immediately. |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
|
|
Recognition of internally generated assets, mainly software |
|||||||||||||
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to expense in full when incurred; they are capitalized as assets and depreciated over the useful life. For T-Online, this relates in particular to internally generated software. |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
FY 2004 |
|
Up-front charges |
|
|
+38 million |
|
|
||||||||
|
|
|
|
|
|
Recognition of internally generated assets, mainly software |
|
|
+11 million |
|
|
||||||||
|
|
|
|
|
|
|
|||||||||||||
40 |
|
Special factors |
|
In general |
|
There are no significant effects. |
|||||||||||||
|
|
affecting EBITDA |
|
|
|
|
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
41 |
|
Adj. EBITDA |
|
In general |
|
See notes on EBITDA (39)/Special factors affecting EBITDA (40). |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
42 |
|
Depreciation, |
|
In general |
|
No amortization of goodwill |
|||||||||||||
|
|
amortization, write-downs, and impairment losses |
|
|
|
The goodwill of equity-accounted investments is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. The impairment tests did not determine any need for adjustments. |
|||||||||||||
|
|
|
|
|
|
Recognition of intenally generated software leads to additional depreciation and amortization |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
FY 2003 |
|
No amortization of goodwill |
|
|
+344 million |
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
|
|
FY 2004 |
|
No amortization of goodwill |
|
|
+362 million |
|
|
||||||||
|
|
|
|
|
|
Recognition of intenally generated software leads to additional depreciation and amortization |
|
|
-14 million |
|
|
||||||||
|
|
|
|
|
|
|
|||||||||||||
43 |
|
Financial result |
|
In general |
|
Lack of write-up of goodwill of comdirect bank |
|||||||||||||
|
|
|
|
|
|
The lower financial result under IFRS is mainly a result of a goodwill write-up under German GAAP for the associated company comdirect bank. Under IFRS there is no write-up impacting the financial result. |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
|
|
No amortization of goodwill |
|||||||||||||
|
|
|
|
|
|
The goodwill of equity-accounted investments is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. The impairment tests did not determine any need for adjustments. |
|||||||||||||
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
FY 2003 |
|
Lack of write-up of goodwill of comdirect bank |
|
|
-62 million |
|
|
||||||||
|
|
|
|
|
|
No amortization of goodwill |
|
|
+9 million |
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
|
|
FY 2004 |
|
No amortization of goodwill |
|
|
+14 million |
|
|
||||||||
11
44 |
|
Income before |
|
In general |
|
No amortization of goodwill |
|||||
|
|
income taxes |
|
|
|
The goodwill of equity-accounted investments is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. The impairment tests did not determine any need for adjustments. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Lack of write-up of goodwill of comdirect bank |
|||||
|
|
|
|
|
|
The lower financial result under IFRS is mainly a result of a goodwill write-up under German GAAP for the associated company comdirect bank. Under IFRS there is no write-up impacting the financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Up-front charges |
|||||
|
|
|
|
|
|
Higher revenue under IFRS, as the effects of the broadband campaign (provisioning charge) are deferred under IFRS and have only a pro rata negative effect on revenue. |
|||||
|
|
|
|
|
|
Under German GAAP, the negative revenue impact of the provisioning charge is recognized in full immediately. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
No amortization of goodwill |
|
|
+344 million |
|
|
|
|
|
|
|
|
Lack of write-up of goodwill of comdirect bank |
|
|
-62 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
No amortization of goodwill |
|
|
+362 million |
|
|
|
|
|
|
|
|
Up-front charges |
|
|
+38 million |
|
|
|
|
|
|
|
|
|
|||||
45 |
|
Capex |
|
In general |
|
Recognition of internally generated intangible assets. |
T Mobile
46 |
|
Total revenue |
|
In general |
|
The difference between revenue under IFRS and German GAAP is mainly a result of the change in the recognition of activation charges. Whereas activation charges under German GAAP were recognized in full at the beginning of the contract and thus parallel to the cash-in, under IFRS they are spread over the term of the contract. This leads to a spread of revenue recognition over time. The effects are mainly from Germany (FY 04: +41 million) and the United States (FY 04: -88 million). |
|
|
|
|
|
|
|
47 |
|
Net revenue |
|
In general |
|
See notes on total revenue (46). |
|
|
|
|
|
|
|
48 |
|
EBITDA |
|
In general |
|
Reversal of write-up on FCC licenses (decrease) |
|
|
|
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP corrected previous amortization of these licenses. As FCC licenses are not amortized under IFRS due to the indefinite useful life, there is no need for the write-up either. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture (increase) |
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. Note however the nonscheduled write-down on the license in New York under IFRS. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of shares in MTS (decrease) |
|
|
|
|
|
|
The proceeds from the sale of shares in MTS are shown under net financial income/expense under IFRS and are therefore no longer relevant to EBITDA. These proceeds were shown under other operating income under German GAAP. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Recognition of internally generated assets, mainly software (increase) |
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to
expense in full when incurred; they are capitalized as assets and depreciated
over the useful life. |
|
|
|
|
|
|
|
|
|
|
|
|
|
ABS transactions (increase) |
|
|
|
|
|
|
While the fees to by paid to the special purpose entity are shown as program fees under other operating expenses under German GAAP, consolidation of the special purpose entity leads to the elimination of this expense item under IFRS. The interest expense to be paid by the special purpose entity for the capital market liability corresponds to a great extent to this expense item. This is recognized under interest expense under IFRS, not other operating expenses as under German GAAP. For this reason, these expenses are not included in the calculation of EBITDA. |
12
|
|
|
|
In general |
|
Other taxes (decrease) |
||||||||
|
|
|
|
|
|
Other taxes are now included in as costs EBITDA in order to make the
derivation of EBITDA from the income statement easier than before. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Main effects: |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
FY 2003 |
|
Sales of shares in MTS |
|
|
-352 million |
|
|
|||
|
|
|
|
|
|
Other taxes |
|
|
-94 million |
|
|
|||
|
|
|
|
|
|
Revenue recognition |
|
|
-55 million |
|
|
|||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
+117 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q1 04 |
|
No significant effects |
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q2 04 |
|
Reversal of write-up on FCC licenses |
|
|
-1,807 million |
|
|
|||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+602 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC licenses |
|
|
-641 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q4 04 |
|
Sales of shares in MTS |
|
|
-941 million |
|
|
|||
|
|
|
|
|
|
Adjustment of accrual for contingent losses, mobile communications joint venture |
|
|
-73 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
FY 2004 |
|
Reversal of write-up on FCC licenses |
|
|
-2,448 million |
|
|
|||
|
|
|
|
|
|
Sales of shares in MTS |
|
|
-941 million |
|
|
|||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+529 million |
|
|
|||
|
|
|
|
|
|
Other taxes |
|
|
-98 million |
|
|
|||
|
|
|
|
|
|
Recognition of internally generated software |
|
|
+148 million |
|
|
|||
|
|
|
|
|
|
Revenue recognition |
|
|
-50 million |
|
|
|||
|
|
|
|
|
|
ABS transactions |
|
|
+47 million |
|
|
|||
|
|
|
|
|
|
|
||||||||
49 |
|
Special factors |
|
In general |
|
Reversal of write-up on FCC licenses (decrease) |
||||||||
|
|
affecting EBITDA |
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP were not made under IFRS. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture (increase) |
||||||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. Note however the nonscheduled write-down on the license in New York under IFRS. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Sale of shares in MTS (decrease) |
||||||||
|
|
|
|
|
|
The proceeds from the sale of shares in MTS are shown under net financial income/expense under IFRS and are therefore not relevant to EBITDA, in contrast to German GAAP. These proceeds were shown under other operating income under German GAAP. |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
Main effects: |
||||||||
|
|
|
|
|
|
|
||||||||
|
|
|
|
FY 2003 |
|
Sales of shares in MTS |
|
|
-352 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q1 04 |
|
No effects |
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q2 04 |
|
Reversal of write-up on FCC license |
|
|
-1,807 million |
|
|
|||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+602 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC license |
|
|
-641 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
Q4 04 |
|
Sales of shares in MTS |
|
|
-941 million |
|
|
|||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
-73 million |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
FY 2004 |
|
Reversal of write-up on FCC license |
|
|
-2,448 million |
|
|
|||
|
|
|
|
|
|
Reclassification of proceeds from the sale of shares in MTS |
|
|
-941 million |
|
|
|||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture |
|
|
+529 million |
|
|
|||
|
|
|
|
|
|
|
||||||||
50 |
|
Adj. EBITDA |
|
In general |
|
Adjusted EBITDA is the result of the subtraction of special factors affecting EBITDA (49) from EBITDA (48). |
||||||||
13
51 |
|
Depreciation, |
|
In general |
|
No amortization of goodwill (decrease) |
||||||
|
|
amortization, write-downs, and impairment losses |
|
|
|
The goodwill of subsidiaries, mainly in the UK, the United States, the Netherlands and Austria is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Different amortization of mobile communications licenses (decrease) |
||||||
|
|
|
|
|
|
The U.S. mobile communications licenses are no longer amortized under IFRS due to their indefinite useful life. In contrast to German GAAP, UMTS licenses are not amortized from the time of acquisition under IFRS, but from the time the UMTS network is put into commercial operation. The amortization of UMTS licenses charged under German GAAP before the UMTS network was put into operation therefore has to be reversed under IFRS. In Austria the UMTS network was put into operation in December 2003, in Germany in Q2 04 and in the UK in Q3 04. The UMTS newtorks have not yet been put into operation in the Netherlands and the Czech Republic. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Impairment of goodwill, T-Mobile UK and T-Mobile USA (increase) |
||||||
|
|
|
|
|
|
The impairment tests required under IFRS found that the goodwill of T-Mobile-UK in 2004 and T-Mobile USA in 2003 needed to be adjusted. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Impairment resulting from the wind-up of the network joint venture (increase) |
||||||
|
|
|
|
|
|
The wind-up of the network joint venture between T-Mobile USA and Cingular Wireless resulted in an impairment, mainly relating to the transfer of a 10MHz license in New York to Cingular Wireless in 2007. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Main effects: |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
FY 2003 |
|
No amortization of goodwill |
|
|
+1,434 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+1,113 million |
|
|
|
|
|
|
|
|
|
Impairment, T-Mobile USA |
|
|
-789 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
Q1 04 |
|
No amortization of goodwill |
|
|
+348 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+265 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
Q2 04 |
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1,353 million |
|
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+356 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+188 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
Q3 04 |
|
Impairment, T-Mobile UK |
|
|
-2,225 million |
|
|
|
|
|
|
|
|
|
Non-amortization of goodwill |
|
|
+353 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+71 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
Q4 04 |
|
No amortization of goodwill |
|
|
+341 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+102 million |
|
|
|
|
|
|
|
|
|
Impairment resulting from the wind-up of the network joint venture |
|
|
+92 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
FY 2004 |
|
Goodwill impairment, T-Mobile UK |
|
|
-2,225 million |
|
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+1,398 million |
|
|
|
|
|
|
|
|
|
Impairment resulting from the wind-up of the network joint venture |
|
|
-1,261 million |
|
|
|
|
|
|
|
|
|
Different amortization of mobile communications licenses |
|
|
+626 million |
|
|
|
|
|
|
|
|
|
|
||||||
52 |
|
Financial result |
|
In general |
|
No amortization of goodwill (decrease) |
||||||
|
|
|
|
|
|
The goodwill of equity-accounted investments is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. The impairment tests did not determine any need for adjustments. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Sale of shares in MTS (decrease) |
||||||
|
|
|
|
|
|
The proceeds from the sale of shares in MTS are shown under net financial income/expense under IFRS and are therefore no longer relevant to EBITDA, in contrast to German GAAP. These proceeds were shown under other operating income under German GAAP. |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
Main effects: |
||||||
|
|
|
|
|
|
|
||||||
|
|
|
|
FY 2003 |
|
Sales of shares in MTS |
|
|
+352 million |
|
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+78 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
Q4 04 |
|
Sales of shares in MTS |
|
|
+941 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
FY 2004 |
|
Sales of shares in MTS |
|
|
+941 million |
|
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+75 million |
|
|
|
14
53 |
|
Income before income taxes |
|
In general |
|
The difference between the results from income before income taxes under IFRS and German GAAP consists of the sum of the effects on EBITDA, depreciation, amortization, write-downs, and impairment losses, and on net financial income/expense, and other taxes. |
|
|
|
|
|
|
|
54 |
|
Capex |
|
In general |
|
Recognition of internally generated assets, mainly software (increase) |
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to
expense in full when incurred; they are capitalized as assets and depreciated
over the useful life. For |
|
|
|
|
|
|
|
|
|
|
|
|
|
Restoration obligations (increase) |
|
|
|
|
|
|
In line with the recognition of the provision for restoration obligations, the present value of the discounted future settlement amount is recognized under ifrs as a component of the acquisition costs aktiviert. Interest is then added to the provision in subsequent years; the expense in curred is recognized as interest expense. At the same time, the asset in question is depreciated over its useful life or the term of the obligation. |
|
|
|
|
|
|
|
T-Mobile Deutschland |
||||||
|
|
|
|
|
|
|
55 |
|
Total revenue |
|
In general |
|
The spread of revenue recognition for activation revenues over the term of the contracts has a positive impact at T-Mobile Deutschland, as around 613,000 fewer customers were recorded in 2004 than in 2003. |
|
|
|
|
|
|
|
56 |
|
EBITDA and adjusted EBITDA |
|
In general |
|
There are no significant changes to the special factors relevant to
EBITDA at |
|
|
|
|
|
|
|
|
|
|
|
|
|
ABS transactions (increase) |
|
|
|
|
|
|
While the fees to by paid to the special purpose entity are shown as program fees under other operating expenses under German GAAP, consolidation of the special purpose entity leads to the elimination of this expense item under IFRS. The interest expense to be paid by the special purpose entity for the capital market liability corresponds to a great extent to this expense item. This is recognized under interest expense under IFRS, not other operating expenses as under German GAAP. For this reason, these expenses are not included in the calculation of EBITDA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Recognition of internally generated assets, mainly software (increase) |
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to expense in full when incurred; they are capitalized as assets and depreciated over the useful life. This reduces the cost base which burdens EBITDA. For T-Mobile, this relates in particular to internally generated software. |
|
|
|
|
|
|
|
57 |
|
Capex |
|
In general |
|
Recognition of internally generated assets, mainly software (increase) |
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to
expense in full when incurred; they are capitalized as assets and depreciated
over the useful life. For |
|
|
|
|
|
|
|
|
|
|
|
|
|
Restoration obligations (increase) |
|
|
|
|
|
|
In line with the recognition of the provision for restoration obligations, the present value of the discounted future settlement amount is recognized under ifrs as a component of the acquisition costs aktiviert. Interest is then added to the provision in subsequent years; the expense in curred is recognized as interest expense. At the same time, the asset in question is depreciated over its useful life or the term of the obligation. |
|
|
|
|
|
|
|
T-Mobile UK |
||||||
|
|
|
|
|
|
|
58 |
|
|
|
In general |
|
There are no significant differences between revenue, EBITDA and capex under German GAAP and IFRS at T-Mobile UK. The proceeds of 75 million subsequent to the sale of shares in Virgin Mobile are not proceeds of the sale itself and therefore remain relevant to EBITDA under IFRS and are not reclassified to net financial income/expense. |
15
T-Mobile USA |
|||||||||||
|
|
|
|
|
|
|
|||||
59 |
|
Total revenue |
|
In general |
|
The spread of revenue recognition for activation revenues over the term of the contracts has a negative impact at T-Mobile USA, as almost one million more customers were recorded in 2004 than in 2003. |
|||||
|
|
|
|
|
|
|
|||||
60 |
|
EBITDA |
|
In general |
|
Reversal of write-up on FCC licenses (decrease) |
|||||
|
|
|
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP corrected previous amortization of these licenses. As FCC licenses were not amortized under IFRS due to the indefinite useful life, there is no need for the write-up either. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture (increase) |
|||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. Note however the nonscheduled write-down on the license in New York under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Straight line leasing (decrease) |
|||||
|
|
|
|
|
|
The change in the recognition of lease expenses leads to an increase in lease expenses for the years 2003 and 2004. If lease increases have been agreed for future periods, they should be spread over the full term of the agreement on a straight line basis. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Other taxes (decrease) |
|||||
|
|
|
|
|
|
Other taxes are now included in as costs EBITDA in order to make the derivation of EBITDA from the income statement easier than before. At T-Mobile these consist mainly of real estate taxes. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Main effects: |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Straight line leasing |
|
|
-62 million |
|
|
|
|
|
|
|
|
Other taxes |
|
|
-93 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1 04 |
|
No significant effects |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of write-up on FCC licenses |
|
|
-1,807 million |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
+602 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC licenses |
|
|
-641 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
-73 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Reversal of write-up on FCC licenses |
|
|
-2,448 million |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
+529 million |
|
|
|
|
|
|
|
|
Straight line leasing |
|
|
-79 million |
|
|
|
|
|
|
|
|
Other taxes |
|
|
-92 million |
|
|
|
|
|
|
|
|
|
|||||
61 |
|
Special factors |
|
In general |
|
Reversal of write-up on FCC licenses (decrease) |
|||||
|
|
affecting EBITDA |
|
|
|
The write-up of U.S. mobile communications licenses made under German GAAP corrected previous amortization of these licenses. As FCC licenses are not amortized under IFRS due to the indefinite useful life, there is no need for the write-up either. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile communications joint venture (increase) |
|||||
|
|
|
|
|
|
The accrual for contingent losses relating to the wind-up of the mobile communications joint venture between T-Mobile USA and Cingular Wireless is not recognized under IFRS. Note however the nonscheduled write-down on the license in New York under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003/ |
|
No effects |
|
|
|
|
|
|
|
|
|
Q1 04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 04 |
|
Reversal of write-up on FCC licenses |
|
|
-1,807 million |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
+602 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 04 |
|
Reversal of write-up on FCC licenses |
|
|
-641 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q4 04 |
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
+73 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Reversal of write-up on FCC licenses |
|
|
-2,448 million |
|
|
|
|
|
|
|
|
Reversal of accrual for contingent losses, mobile |
|
|
|
|
|
|
|
|
|
|
|
communications joint venture |
|
|
+529 million |
|
|
16
62 |
|
Adj. EBITDA |
|
In general |
|
Adjusted EBITDA is the result of the subtraction of special factors affecting EBITDA (61) from EBITDA (60). |
|
|
|
|
|
|
|
63 |
|
Capex |
|
In general |
|
Recognition of internally generated assets, mainly software (increase) |
|
|
|
|
|
|
The costs for internally generated assets are no longer charge to
expense in full when incurred; they are capitalized as assets and depreciated
over the useful life. For |
|
|
|
|
|
|
|
|
|
|
|
|
|
Restoration obligations (increase) |
|
|
|
|
|
|
In line with the recognition of the provision for restoration obligations, the present value of the discounted future settlement amount is recognized under ifrs as a component of the acquisition costs aktiviert. Interest is then added to the provision in subsequent years; the expense in curred is recognized as interest expense. At the same time, the asset in question is depreciated over its useful life or the term of the obligation. |
|
|
|
|
|
|
|
T-Mobile Netherlands |
||||||
|
|
|
|
|
|
|
64 |
|
Total revenue |
|
In general |
|
There are no significant differences between revenue, EBITDA and capex under German GAAP and IFRS at T-Mobile Netherlands. |
|
|
|
|
|
|
|
T-Mobile Austria |
||||||
|
|
|
|
|
|
|
65 |
|
|
|
In general |
|
There are no significant differences between revenue, EBITDA and capex under German GAAP and IFRS at T-Mobile Austria. |
|
|
|
|
|
|
|
T-Mobile CZ |
||||||
|
|
|
|
|
|
|
66 |
|
|
|
In general |
|
There are no significant differences between revenue, EBITDA and capex under German GAAP and IFRS at T-Mobile CZ. |
17
T Systems
67 |
|
Total revenue |
|
In general |
|
Revenue recognition |
|||||
|
|
|
|
|
|
The differences between German GAAP and IFRS relate mainly to the valuation of long-term construction contracts and multiple-element arrangements. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Valuation of construction contracts |
|||||
|
|
|
|
|
|
Under the provisions of German GAAP, revenues relating to construction contracts are not recognized until the work has been accepted by the customer. Under IFRS, however, revenues and costs can be recognized during the course of the project in line with its progress. The progress of the project is measured in terms of costs incurred to date as a proportion the estimated total costs for completion of the contract. |
|||||
|
|
|
|
|
|
In general, the use of the percentage of completion method under IFRS leads to earlier recognition of the results of the contract. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|||||
|
|
|
|
|
|
IFRS includes special accounting provisions for multiple-element arrangements that do not exist under German GAAP. As such, it may be necessary to recognize revenue for individual elements of a contract at a later date or at a different value under IFRS than under German GAAP. If an individual element has no independent value for the customer and has no reliably measurable fair value, the element must be combined with other elements for accounting purposes. Under IFRS, revenue is only recognized once the work for the combined elements has been completed. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Valuation of construction contracts |
|
|
-61 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|
|
-97 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Valuation of construction contracts |
|
|
-86 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|
|
-145 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68 |
|
Net revenue |
|
In general |
|
See notes on total revenue (67). |
|||||
|
|
|
|
|
|
|
|||||
69 |
|
EBITDA |
|
In general |
|
Revenue recognition |
|||||
|
|
|
|
|
|
Multiple-element arrangements, construction contracts |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Finance leases |
|||||
|
|
|
|
|
|
Whereas under German GAAP, the ongoing lease expenses are recognized in the income statement, under IFRS the scheduled depreciation on the assets is expensed and the interest component of the lease liability is shown as interest expense. This results in the interest expense as well as depreciation and amortization correct under IFRS as an EBITDA reconciliation effect between German GAAP and IFRS (positive reconciliation effect). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Pension accruals |
|||||
|
|
|
|
|
|
Under IFRS, the interest cost of pension accruals is shown under the financial result, which leads to an increase in EBITDA. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Provisions for restoration obligations |
|||||
|
|
|
|
|
|
Provisions for restoration obligations that did not fulfill strict recognition criteria under IFRS had to be reversed. When the planned restructuring measures is implemented, the expense anticipated by the recognition of the provision is realized under IFRS with a time lag (negative reconciliation effect). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Finance leases |
|
|
+138 million |
|
|
|
|
|
|
|
|
Valuation of construction contracts |
|
|
-31 million |
|
|
|
|
|
|
|
|
Provisions for restoration obligations |
|
|
-115 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|
|
-31 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
+70 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Finance leases |
|
|
+138 million |
|
|
|
|
|
|
|
|
Valuation of construction contracts |
|
|
-11 million |
|
|
|
|
|
|
|
|
Provisions for restoration obligations |
|
|
-118 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|
|
-17 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
+39 million |
|
|
|
|
|
|
|
|
|
|||||
70 |
|
Special factors affecting EBITDA |
|
In general |
|
Differing special factors under German GAAP and IFRS are mainly the result of deconsolidation effects due to other disposals of equity or goodwill. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Differing deconsolidation effects |
|
|
70 million |
|
|
|
|
|
|
|
|
|
|||||
71 |
|
Adjusted EBITDA |
|
In general |
|
Adjusted EBITDA is the result of the subtraction of special factors affecting EBITDA (70) from EBITDA (69). |
18
72 |
|
Depreciation, amortization, write- |
|
In general |
|
Valuation difference between German GAAP/IFRS relates mainly to the recognition of finance leases (see above) and the prohibition of regular amortization under IFRS. |
|||||
|
|
downs, and |
|
|
|
|
|||||
|
|
impairment losses |
|
|
|
No amortization of goodwill |
|||||
|
|
|
|
|
|
Goodwill is not amortized under IFRS, in contrast to German GAAP. Instead, any need for adjustments to goodwill is determined exclusively by means of impairment tests. The amortization of goodwill charged under German GAAP is therefore no longer charged under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Amortization of finance leases |
|
|
-174 million |
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+656 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Amortization of finance leases |
|
|
-130 million |
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+603 million |
|
|
|
|
|
|
|
|
|
|||||
73 |
|
EBIT |
|
In general |
|
EBIT is the result of the subtraction of Depreciation, amortization, write-downs, and impairment losses (72) from EBITDA (69). |
|||||
|
|
|
|
|
|
|
|||||
74 |
|
Financial result |
|
In general |
|
The German GAAP/IFRS reconciliation effects mainly result from the difference in accounting and reporting regulations concerning finance leases and pension accruals. Under IFRS, the interest cost for lease liabilities and pension accruals is shown under net financial income/expense. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Finance leases |
|
|
-18 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
-25 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Finance leases |
|
|
-13 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
-27 million |
|
|
|
|
|
|
|
|
|
|||||
75 |
|
Income before income taxes |
|
In general |
|
The valuation differences result from the differing accounting regulations for finance leases, valuation of construction contracts, recognition of restructuring accruals, valuation of multiple-element arrangements, differing valuation of pension accruals and the lack of goodwill amortization under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Finance leases |
|
|
-53 million |
|
|
|
|
|
|
|
|
Valuation of construction contracts |
|
|
-31 million |
|
|
|
|
|
|
|
|
Provisions for restoration obligations |
|
|
-115 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements |
|
|
-31 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
+45 million |
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+656 million |
|
|
|
|
|
|
|
|
Differing deconsolidation effects |
|
|
+70 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Finance leases |
|
|
+60 million |
|
|
|
|
|
|
|
|
Valuation of construction contracts |
|
|
-11 million |
|
|
|
|
|
|
|
|
Provisions for restoration obligations |
|
|
-182 million |
|
|
|
|
|
|
|
|
Valuation of multiple-element arrangements: |
|
|
-17 million |
|
|
|
|
|
|
|
|
Pension accruals |
|
|
+12 million |
|
|
|
|
|
|
|
|
No amortization of goodwill |
|
|
+603 million |
|
|
|
|
|
|
|
|
|
|||||
76 |
|
Capex |
|
In general |
|
Differences are mainly the result of the recognition of assets as part of the presentation of finance leases and the recognition of internally generated software. |
19
GHS |
|||||||||||
|
|
|
|
|
|
|
|||||
77 |
|
Total revenue |
|
In general |
|
No significant difference |
|||||
|
|
|
|
|
|
|
|||||
78 |
|
Net revenue |
|
In general |
|
No significant difference |
|||||
|
|
|
|
|
|
|
|||||
79 |
|
EBITDA |
|
In general |
|
Valuation and reclassification to financial result for pension accruals and accrual for subsidies to the civil servant health insurance fund (PBKK) |
|||||
|
|
|
|
|
|
Under IFRS, the interest cost of pension accruals is shown under the financial result and not under personnel costs. Reversal of AML interest effect, as AML is not recognized under IFRS. |
|||||
|
|
|
|
|
|
Reclassification of addition to accrual due to the adjustment of the discount rate applied for PBKK from profit/loss from operations, because shown under financial result under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Leasing - valuation and reclassification to financial result |
|||||
|
|
|
|
|
|
The tax treatment of leases is generally used for the classification of leases in consolidated financial statements under German GAAP. A considerably larger number of leases tend to be classified as finance leases under IFRS. While in an operating lease it is the lessor that recognizes the asset, it is the lessee that recognizes the asset in a finance lease. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Deutsche Telekom has entered into sale and leaseback transactions in connection with its real estate portfolio. Under German GAAP, these transactions were usually treated as a sale of the real estate that was subsequently leased back, whereas under IFRS the buildings must be classified as finance leases and the land as operating leases. Under IFRS, this results in the recognition of interest expense and a depreciation charge for the buildings and the recognition of rental expense for the land; the disposal gain must be spread over the term of the lease. Under German GAAP, gains or losses from the sale of real estate are recorded, as is rental expense. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Financial instruments and currency translation |
|||||
|
|
|
|
|
|
The changes in EBITDA between German GAAP and IFRS relate to reclassifications from other operating income /expense to the financial result. Reclassifications include gains and losses from the valuation of foreign currency accounts (including bonds issued, foreign currency derivatives). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Reclassification of gains on the disposal of the shares to financial result |
|||||
|
|
|
|
|
|
Under IFRS; results from sales of shares are no longer shown under operating profit, but under financial result. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
Change in recognition of provisions under IFRS |
|||||
|
|
|
|
|
|
In the other provisions, it is primarily the restructuring provisions that increase shareholders equity in all of the periods presented because the recognition of restructuring provisions under IFRS is subject to more detailed and stricter criteria than under German GAAP. |
|||||
|
|
|
|
|
|
Furthermore, accruals, in particular for contingent losses, recognized under German GAAP are not carried under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
FY 2003 |
|
Mainly: |
|
|
|
|
|
|
|
|
|
|
|
Pension accruals and accrual for subsidy to PBKK |
|
|
+125 million |
|
|
|
|
|
|
|
|
Financial instruments and currency translation |
|
|
-65 million |
|
|
|
|
|
|
|
|
Gains on the disposal of shares and change in the recognition of accruals |
|
|
+103 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY04 |
|
Mainly: |
|
|
|
|
|
|
|
|
|
|
|
Pension accruals, leasing and accrual for subsidies to PBKK and change in recognition of accruals |
|
|
+223 million |
|
|
|
|
|
|
|
|
Financial instruments and currency translation |
|
|
-22 million |
|
|
|
|
|
|
|
|
Gains on the disposal of the shares |
|
|
-258 million |
|
|
|
|
|
|
|
|
|
|||||
80 |
|
of which Vivento |
|
In general |
|
Mainly effects from the change in the recognition of accruals for contingent losses under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
81 |
|
Special factors |
|
FY 2003 |
|
Mainly: |
|
|
|
|
|
|
|
affecting EBITDA |
|
|
|
Gains on the disposal of shares and change in the recognition of accruals |
|
|
+67 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Mainly: |
|
|
|
|
|
|
|
|
|
|
|
Gains on the disposal of shares and change in the recognition of accruals |
|
|
-307 million |
|
|
20
82 |
|
Adj. EBITDA |
|
FY 2003 |
|
Mainly: |
|
|
|
|
|
|
|
|
|
|
|
Pension accruals and accrual for subsidy to PBKK |
|
|
+125 million |
|
|
|
|
|
|
|
|
Change in recognition of accruals |
|
|
+36 million |
|
|
|
|
|
|
|
|
Financial instruments and currency translation |
|
|
-65 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2004 |
|
Mainly: |
|
|
|
|
|
|
|
|
|
|
|
Pension accruals, leasing and accrual for PBKK |
|
|
|
|
|
|
|
|
|
|
|
and change in recognition of accruals |
|
|
+272 million |
|
|
|
|
|
|
|
|
Financial instruments and currency translation |
|
|
-22 million |
|
|
|
|
|
|
|
|
|
|||||
83 |
|
of which Vivento |
|
In general |
|
Mainly effects from the change in the recognition of accruals for contingent losses under IFRS. |
|||||
|
|
|
|
|
|
|
|||||
84 |
|
Depreciation, |
|
In general |
|
Mainly: |
|||||
|
|
amortization, write-downs, and impairment losses |
|
|
|
Depreciation and amortization reduced by leases, recognition of
internally generated software and restoration obligations; |
|||||
|
|
|
|
|
|
|
|||||
85 |
|
Financial result |
|
In general |
|
Mainly gains on the disposal of shares, interest cost on pension accruals, accruals on subsidies to the BPKK, as well as leases, currency translation adjustment effects and measurement of financial instruments. |
|||||
|
|
|
|
|
|
|
|||||
86 |
|
Income before income taxes |
|
In general |
|
See notes EBITDA (107), Depreciation, amortization, write-downs, and impairment losses (112), and financial result (113). |
|||||
|
|
|
|
|
|
|
|||||
87 |
|
Capex |
|
In general |
|
Mainly the change in the recognition of leases and restoration obligations. |
|||||
|
|
|
|
|
|
|
|||||
Balance Sheet |
|
|
|
|
|||||||
|
|
|
|
|
|
|
|||||
88 |
|
Trade receivables and other receivables |
|
In general |
|
The IFRS adjustments consist mainly of different consolidation regulations for special purpose entities with which Deutsche Telekom carries out ABS transactions (in 2003 +1.7 and in 2004 +1.5 billion). See notes on Current financial liabilities (97), Liabilities arising from ABS transactions (123). |
|||||
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
A further increase in trade receivables is the result of revenue recognition for long-term construction contracts using the percentage of completion method (in 2003 + 0.3 and in 2004 + 0.1 billion). |
|||||
|
|
|
|
|
|
|
|||||
89 |
|
Other current financial assets |
|
In general |
|
The IFRS adjustments relate mainly to the fair value valuation of derivative financial instruments in accordance with IAS 39 (in 2003 + 0.3 and in 2004 + 0.2 billion). |
|||||
|
|
|
|
|
|
|
|||||
90 |
|
Inventories |
|
In general |
|
The reduction in the carrying amount of inventories is mainly a result of the application of the percentage of completion method are part of long-term construction contracts (in 2003 -0.2 billion). |
|||||
|
|
|
|
|
|
|
|||||
91 |
|
Other current assets |
|
In general |
|
Under German GAAP, when funds are borrowed, the difference between the payment amount and the repayment amount (discount) is recognized as a deferred tax asset, whereas no discount is recognized under IFRS. The non-recognition of the discount leads to a reduction of other current and noncurrent assets (current: in both 2003 and in 2004 -0.1 billion; noncurrent: in 2003 -0.2 and in 2004 -0.1 billion). |
|||||
|
|
|
|
|
|
|
|||||
92 |
|
Intangible assets |
|
In general |
|
The adjustments for intangible assets are the result of differing valuation methods for goodwill (in 2003 -3.5 and in 2004 -3.1 billion), mobile communications licenses (in 2003 +13.1 and in 2004 +9.8 billion) and the recognition of internally generated software (in both 2003 and 2004 +0.6 billion). |
21
93 |
|
Property, plant, and equipment |
|
In general |
|
A considerable proportion of the changes in carrying amounts for
property, plant, and equipment (in 2003 +1.7 and in 2004 +1.6 billion) is
attributable to leasing issues. The tax treatment of leases is generally used
for the classification of leases in consolidated financial statements under
German GAAP. Under IFRS, the classification of leased assets is defined in
IAS 17. A considerably larger number of leases tend to be classified as
finance leases under IFRS. While in an operating lease it is the lessor that
recognizes the asset, it is the lessee that recognizes the asset in a finance
lease. Deutsche Telekom has entered into sale and leaseback transactions in
connection with its real estate portfolio. Under German GAAP, these
transactions were usually treated as a sale of the real estate that was
subsequently leased back, whereas under IFRS the buildings must be classified
as finance leases and the land as operating leases. |
|
|
|
|
|
|
|
94 |
|
Other noncurrent financial assets |
|
In general |
|
In accordance with IAS 39, investments in not fully consolidated
subsidiaries must be measured at their fair value. According to German GAAP,
these assets are measured at amortized cost or, if appropriate, at the lower
fair value. Differing valuation methods between IFRS and German GAAP lead to
an increase in the carrying amount of other noncurrent financial assets under
IFRS (in 2003 +0.3 and in 2004 +0.9 billion). |
|
|
|
|
|
|
|
95 |
|
Deferred tax assets |
|
In general |
|
Deutsche Telekom did not apply GAS 10 in its consolidated financial statements
under German GAAP up to December 31, 2004. The differences in the
definition of deferred taxes under IFRS and German GAAP relate in particular
to Deutsche Telekom AGs contribution goodwill, tax loss carryforwards, and
general recognition and measurement differences between IFRS and German GAAP. |
|
|
|
|
|
|
|
96 |
|
Other noncurrent assets |
|
In general |
|
The change in the carrying amount of other noncurrent assets is mainly due to the difference in revenue recognition between German GAAP and IFRS as part of the recording of up-front fees and incremental costs. Deferred tax assets relating to expenses from the provision of services amounted to 0.3 billion in both 2003 and 2004. |
22
97 |
|
Current financial liabilities |
|
In general |
|
The positive adjustment effect in current financial liabilities relates
mainly to the fair value valuation of derivative financial instruments in
accordance with IAS 39 (in 2003 +0.1 and in 2004 +0.7 billion). |
|
|
|
|
|
|
|
98 |
|
Current provisions |
|
In general |
|
In the other provisions, it is primarily the restructuring provisions that decrease the carrying amount of provisions because the recognition of restructuring provisions under IFRS is subject to more detailed and stricter criteria than under German GAAP. Furthermore, provisions for future internal expenses that may be recognized under German GAAP are not carried under IFRS. |
|
|
|
|
|
|
|
99 |
|
Noncurrent |
|
In general |
|
The increase of noncurrent financial liabilities is mainly due to lease liabilities (in 2003 +1.8 billion and in 2004 +1.9 billion) and liabilities arising from ABS transactions (in both 2003 and 2004 +1.1 billion). Please refer to notes on Current financial liabilities (97). |
|
|
|
|
|
|
|
100 |
|
Pension provisions and other employee benefits |
|
In general |
|
Provisions must be recognized for pension obligations under both German GAAP and IFRS. Under German commercial law, Deutsche Telekoms pension obligations were calculated in accordance with the provisions of SFAS 87. Differences between the carrying amounts under IFRS and SFAS 87 arise in particular from the different treatment of actuarial gains and losses and the fact that the additional minimum liability is not recognized under IFRS. |
|
|
|
|
|
|
|
101 |
|
Other noncurrent provisions |
|
In general |
|
For adjustment effects of other noncurrent provisions, please refer to
notes on Other current provisions (98). |
|
|
|
|
|
|
|
102 |
|
Deferred tax liabilities |
|
In general |
|
Deferred tax liabilities relate mainly to valuation differences between IFRS and German GAAP in connection with realized hidden reserves for U.S. mobile communications licenses; other recognition and valuation differences between IFRS and German GAAP also lead to deferred tax liabilities. |
23
103 |
|
Other noncurrent liabilities |
|
In general |
|
The change in the carrying amount of other current and noncurrent liabilities is mainly due to the difference in revenue recognition between German GAAP and IFRS as part of the recording of up-front fees (current: in 2004 +0.1 billion; noncurrent: in 2003 +1.4 and in 2004 +1.6 billion). |
|
|
|
|
|
|
|
104 |
|
Capital reserves |
|
In general |
|
Under IFRS, share issue costs are offset against the premium. Under German GAAP they were expensed. |
|
|
|
|
|
|
|
105 |
|
Retained earnings incl. carryforwards |
|
In general |
|
At the date of transition to IFRS (January 1, 2003), Deutsche Telekom exercised the option of offsetting foreign currency reserves against retained earnings. This have a positive effect on accumulated other net profit and a negative effect on retained earnings. |
|
|
|
|
|
|
|
106 |
|
Accumulated other net profit |
|
In general |
|
At the date of transition to IFRS, Deutsche Telekom exercised the option of offsetting foreign currency reserves against retained earnings. This have a positive effect on accumulated other net profit and a negative effect on retained earnings. |
|
|
|
|
|
|
|
107 |
|
Consolidated net profit/loss |
|
In general |
|
Consolidated net profit changed as a result of the effects of the transition to IFRS. |
|
|
|
|
|
|
|
108 |
|
Minority interest |
|
In general |
|
Minority interest must be recognized under shareholders equity under IFRS. Differences in recognition and valuation between IFRS and German GAAP have an effect on the valuation of minority interest. |
Equity reconciliation
109 |
|
Goodwill and mobile communications licenses |
|
In general |
|
In contrast to German GAAP, under IFRS U.S. mobile communications licenses are not amortized on account of their indefinite useful life but instead are reviewed for impairment once a year (impairment-only approach). The impairment test is not performed separately for individual assets, however, but at the level of the cash-generating unit T-Mobile USA. Since goodwill is also allocated to the cash-generating unit T-Mobile USA under IFRS, this goodwill must be initially written down under IAS 36 in case of an impairment. For this reason, the amortization and impairment of the U.S. mobile communications licenses charged in accordance with German GAAP as of January 1, 2003 and the write-up recognized in 2004 were reversed. |
|
|
|
|
|
|
|
|
|
|
|
|
|
The impairments tests carried out for the cash-generating units once annually and, if a triggering event exists, during the year, led to the following impairment of goodwill: |
|
|
|
|
|
|
|
|
|
|
|
|
|
The impairment test performed in accordance with IFRS resulted in an
impairment of the T-Mobile USA cash-generating unit as of January 1,
2003 and December 31, 2003 which was recognized through a reduction in
the goodwill carrying amount. As part of the winding up of the U.S. mobile
communications joint venture with Cingular Wireless in 2004 and the ensuing
transfer of mobile communications licenses, these assets were partially
written down. The impairment test of the cash-generating unit T-Mobile UK,
which is part of the T-Mobile division, resulted in an impairment under IFRS
as of January 1, 2003 and December 31, 2004. The impairment loss of
T-Mobile UKs UMTS license recognized in the individual measurement under
German GAAP was reversed under IFRS as of January 1, 2003. The
impairment test of the cash-generating unit T-Mobile Netherlands, which is
part of the T-Mobile division, resulted in an impairment under IFRS as of January 1,
2003 which was recognized through a reduction in the goodwill carrying
amount. |
|
|
|
|
|
|
|
|
|
|
|
|
|
In connection with UMTS licenses, adjustments have to be made on account of the fact that under German GAAP amortization begins at the date of acquisition, while under IFRS the date on which the network starts operating is relevant for the start of amortization. The reversal of the amortizations already charged under German GAAP increases shareholders equity under IFRS on all of the dates presented. |
|
|
|
|
|
|
|
110 |
|
Software |
|
In general |
|
Recognizing internally generated software, which is not permissible under German GAAP, increases shareholders equity under IFRS in all of the periods presented. In the periods following the recognition, the net profit under IFRS remains largely unaffected. |
24
111 |
|
Interest on borrowings |
|
In general |
|
The fact that Deutsche Telekom does not make use of the option under IFRS to recognize borrowing costs results in adjustments having to be made. Under German GAAP, borrowing costs accounted for during the construction period were recognized. Not recognizing borrowing costs reduces shareholders equity under IFRS in all periods. The lower amortization than under German GAAP increases the net profit. |
|
|
|
|
|
|
|
112 |
|
Measurement of investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method |
|
In general |
|
Investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method must be measured at fair value according to IAS 39. As a rule, the resulting unrealized gains and losses are recognized directly in equity. According to German GAAP, these assets are measured at amortized cost or, if appropriate, at the lower fair value. As a result of the different accounting policies used under IFRS and German GAAP, the IFRS shareholders equity increases in all of the periods presented. |
|
|
|
|
|
|
|
113 |
|
Leasing |
|
In general |
|
The tax treatment of leases is generally used for the classification of leases in consolidated financial statements under German GAAP. Under IFRS, the classification of leased assets is defined in IAS 17. A considerably larger number of leases tend to be classified as finance leases under IFRS. While in an operating lease it is the lessor that recognizes the asset, it is the lessee that recognizes the asset in a finance lease. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deutsche Telekom has entered into sale and leaseback transactions in connection with its real estate portfolio. Under German GAAP, these transactions were usually treated as a sale of the real estate that was subsequently leased back, whereas under IFRS the buildings must be classified as finance leases and the land as operating leases. Under IFRS, this results in the recognition of interest expense and a depreciation charge for the buildings and the recognition of rental expense for the land; the disposal gain must be spread over the term of the lease. Under German GAAP, gains or losses from the sale of real estate are recorded, as is rental expense. |
|
|
|
|
|
|
|
|
|
|
|
|
|
This reduces shareholders equity and the net profit under IFRS in all of the periods presented. |
|
|
|
|
|
|
|
114 |
|
Provisions |
|
In general |
|
Provisions must be recognized for pension obligations under both German GAAP and IFRS. Under German commercial law, Deutsche Telekoms pension obligations were calculated in accordance with the provisions of SFAS 87. Differences between the carrying amounts under IFRS and SFAS 87 arise in particular from the different treatment of actuarial gains and losses and the fact that the additional minimum liability is not recognized under IFRS. This reduces shareholders equity in the opening consolidated balance sheet under IFRS and increases it at the two other reporting dates presented. The net profit increases in the two periods presented. |
|
|
|
|
|
|
|
|
|
|
|
|
|
In the other provisions, it is primarily the restructuring provisions that increase shareholders equity in all of the periods presented because the recognition of restructuring provisions under IFRS is subject to more detailed and stricter criteria than under German GAAP. Furthermore, provisions for future internal expenses that may be recognized under German GAAP are not carried under IFRS. |
|
|
|
|
|
|
|
115 |
|
Deferred revenue |
|
In general |
|
The main difference between German GAAP and IFRS is the way up-front fees are recognized. Under German GAAP, the up-front fees are recognized as revenue on the date on which the line is activated. Under IFRS, on the other hand, the up-front fees and the incremental costs are accrued over the average duration of the customer relationship. This reduces shareholders equity in all of the periods presented. The net profit remains largely unaffected. |
|
|
|
|
|
|
|
116 |
|
Other IFRS adjustments |
|
In general |
|
Other IFRS adjustments relate, for example, to the different accounting principles regarding asset-backed securities (ABS) transactions, long-term construction contracts (percentage-of-completion method), derivatives and measurement of property, plant, and equipment. All in all this increased shareholders equity in all of the periods presented. The net profit remains largely unaffected. |
25
117 |
|
Deferred taxes |
|
In general |
|
Deutsche Telekom did not apply GAS 10 in its consolidated financial statements under German GAAP up to December 31, 2004. The differences in the definition of deferred taxes under IFRS and German GAAP relate in particular to Deutsche Telekom AGs contribution goodwill, tax loss carryforwards, and general recognition and measurement differences between IFRS and German GAAP. |
|
|
|
|
|
|
|
|
|
|
|
|
|
As a result of the privatization of Deutsche Telekom AG, goodwill was recognized in the tax accounts (contribution goodwill), yet no goodwill is to be capitalized in Deutsche Telekom AGs consolidated balance sheets under IFRS. Deutsche Telekom recognizes deferred taxes on this temporary difference in accordance with IAS 12 that will be reversed on a pro rata basis through goodwill amortization. The recognition of deferred taxes on goodwill increases shareholders equity under IFRS in all of the periods presented; the net profit decreases in all of the periods presented. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Furthermore, under IFRS - in contrast to German GAAP - deferred tax assets are recognized on future expected tax reductions from the deduction of tax loss carryforwards. Taking the forecast development of earnings into account, it is sufficiently certain that the recognized deferred tax assets from loss carryforwards will be realized. The recognition of these deferred tax assets increases shareholders equity and reduces the net profit under IFRS in all of the periods presented. |
|
|
|
|
|
|
|
|
|
|
|
|
|
The deferred taxes recognized on measurement differences primarily relate to deferred tax liabilities on measurement differences between IFRS and German GAAP in connection with the realized hidden reserves for U.S. mobile communications licenses. The recognition of these deferred tax liabilities reduces shareholders equity under IFRS. Since these licenses are not amortized, the deferred tax liabilities are initially not released. The impairment recognized under IFRS in 2004 and the reversal of the write-up of these licenses under German GAAP resulted in the corresponding release of the deferred tax liabilities and, consequently, in an increase in net profit under IFRS. |
Statement of cash flows
118 |
|
Internally generated software |
|
In general |
|
Under German GAAP, expenses for internally generated software are recognized as operational expenses. As such, the expenditures are shown under cash flows from operating activities. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Under IFRS, these expenses are recognized as internally generated intangible assets. These expenditures therefore lead to an increase in assets and are shown under cash flows from investing activities. |
|
|
|
|
|
|
|
119 |
|
ABS |
|
In general |
|
Under IFRS, an increase of both financial liabilities and trade receivables (please refer to notes on Trade receivables and other receivables (88)). Changes under this item are shown accordingly under cash flow from financing activities/working capital and therefore cash flow from operating activities. The effects of retained discounts and fractions are no longer shown under cash flows from operating activities, but under financial liabilities/financial receivables and shown under cash flows from investing/financing activities. |
|
|
|
|
|
|
|
120 |
|
Leasing |
|
In general |
|
Agreements that are classified as finance leases under IFRS in contrast to German GAAP lead to the recognition of the leased property by the lessee, combined with a corresponding entry under lease liabilities. The lease figures represent interest and repayment figures for the lessee. These repayment figures are shown under cash flows from financing activities. In the case of an operating lease under German GAAP, these (operational) lease payments were assigned to cash flows from operating activities. |
|
|
|
|
|
|
|
|
|
|
|
|
|
In cases where Deutsche Telekom is the lessor of a finance lease under IFRS, the payments received (from the lessee) represent repayments of financial receivables and as such are shown under cash flows from investing activities. |
|
|
|
|
|
|
|
121 |
|
Interest on borrowings |
|
In general |
|
In the case of a finance lease, the assets are measured at the lower of the fair value of the leased property and the present value of the minimum lease payments in the lessees balance sheet. At the same time, a lease liability is recognized. As a result, Deutsche Telekoms net financial liabilities increase. |
26
Net financial liabilities
122 |
|
Lease liabilities |
|
In general |
|
In the case of a finance lease, the assets are measured at the fair value of the leased property and the present value of the minimum lease payments in the lessees balance sheet. At the same time, a lease liability is recognized. As a result, Deutsche Telekoms net financial liabilities increase. |
|
|
|
|
|
|
|
123 |
|
Liabilities arising from ABS transactions |
|
In general |
|
As part of asset-backed securities (ABS) transactions, mostly financial assets are sold to a special-purpose entity (SPE). The SPE itself than raises money on the capital market secured with the purchased receivables. Under IFRS, SPEs must generally be consolidated by the economic beneficiary. In total, there are three SPEs arising from ABS transactions that have to be consolidated by Deutsche Telekom. The capital market liabilities recognized by the SPEs increase Deutsche Telekoms net debt. |
|
|
|
|
|
|
|
124 |
|
Other IFRS differences |
|
In general |
|
The other differences primarily consist of the more extensive incorporation of derivatives as well as the cash collaterals included in other financial assets with regard to ABS transactions. |
27
NEW
Backup FY 2004.
DT under IFRS and in new structure.
Investor Relations, Bonn office
Phone |
+49 228 181 - 8 88 80 |
Fax |
+49 228 181 - 8 88 99 |
|
investor.relations@telekom.de |
Investor Relations, New York office
Phone |
+1 212 424 2926 |
Phone |
+ 1 877 DT SHARE (toll-free) |
Fax |
+1 212 424 2986 |
|
investor.relations@usa.telekom.de |
Check out our IR-website under www.telekom.de/investor-relations for
this backup in .pdf- and excel-format
the IR calendar 2005
detailed information for debt investors
shareholder structure
Corporate Governance
Content.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity reserves |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
T-Mobile |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
T-Systems |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
GHS |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Reconciliation |
|
-13,198 |
|
-3,264 |
|
-3,235 |
|
-3,226 |
|
-2,935 |
|
-12,660 |
|
4.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
T-Mobile |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
T-Systems |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
GHS |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
Group |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA excluding special influences |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
-2.3 |
% |
T-Com |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
-3.9 |
% |
T-Online |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
47.3 |
% |
T-Mobile |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
16.6 |
% |
T-Systems |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
10.5 |
% |
GHS |
|
-503 |
|
-87 |
|
-165 |
|
-22 |
|
-274 |
|
-548 |
|
-8.9 |
% |
Reconciliation |
|
-17 |
|
-49 |
|
-42 |
|
-7 |
|
58 |
|
-41 |
|
-141.2 |
% |
Group |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
5.6 |
% |
Unaudited and preliminary Figures
3
At a Glance II.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
EBITDA Margin excluding special influences |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
2.4 |
% |
T-Com |
|
37.2 |
% |
37.7 |
% |
37.7 |
% |
37.7 |
% |
38.8 |
% |
38.0 |
% |
2.1 |
% |
T-Online |
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
35.5 |
% |
T-Mobile |
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
6.3 |
% |
T-Systems |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
10.4 |
% |
GHS |
|
-15.4 |
% |
-10.0 |
% |
-18.7 |
% |
-2.5 |
% |
-30.8 |
% |
-15.5 |
% |
-1.1 |
% |
Group |
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
2.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-Mobile |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
GHS |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Group |
|
6,362 |
|
1,353 |
|
1,575 |
|
1,480 |
|
2,002 |
|
6,410 |
|
0.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
excl. special influences |
|
1,937 |
|
632 |
|
577 |
|
-1,359 |
|
1,714 |
|
1,564 |
|
-19.3 |
% |
incl. Special influences |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
60.9 |
% |
Free-Cash-Flow |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
before dividend |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
18.6 |
% |
Net Debt (billion) |
|
50,725 |
|
48,883 |
|
47,317 |
|
44,667 |
|
39,592 |
|
39,592 |
|
-21.9 |
% |
Unaudited and preliminary Figures
4
Content |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity reserves |
|
|
|
|
|
|
|
|
|
|
|
|
|
Group P&L excluding special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net revenue |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
Cost of Sales |
|
-29,347 |
|
-7,219 |
|
-7,618 |
|
-7,514 |
|
-7,872 |
|
-30,223 |
|
3.0 |
% |
Gross profit/loss from sales |
|
26,156 |
|
6,671 |
|
6,759 |
|
6,839 |
|
6,868 |
|
27,137 |
|
3.8 |
% |
Selling Costs |
|
-12,742 |
|
-3,207 |
|
-3,072 |
|
-3,031 |
|
-3,503 |
|
-12,813 |
|
0.6 |
% |
General administrative costs |
|
-4,515 |
|
-1,034 |
|
-1,148 |
|
-1,002 |
|
-1,184 |
|
-4,368 |
|
-3.3 |
% |
Other operating income |
|
1,851 |
|
361 |
|
398 |
|
396 |
|
479 |
|
1,634 |
|
-11.7 |
% |
Other operating expenses |
|
-1,508 |
|
-306 |
|
-375 |
|
-331 |
|
-380 |
|
-1,392 |
|
-7.7 |
% |
Operating results = EBIT |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
10.3 |
% |
EBIT margin |
|
16.7 |
% |
17.9 |
% |
17.8 |
% |
20.0 |
% |
15.5 |
% |
17.8 |
% |
1.1 |
%p |
Financial income/expense, net |
|
-4,878 |
|
-1,224 |
|
-788 |
|
-1,024 |
|
-937 |
|
-3,973 |
|
-18.6 |
% |
of which: net interest expense |
|
-3,880 |
|
-937 |
|
-919 |
|
-860 |
|
-780 |
|
-3,496 |
|
-9.9 |
% |
Income before taxes = EBT |
|
4,364 |
|
1,261 |
|
1,774 |
|
1,847 |
|
1,343 |
|
6,225 |
|
42.6 |
% |
Income taxes |
|
-1,634 |
|
-440 |
|
-430 |
|
-560 |
|
-657 |
|
-2,087 |
|
27.7 |
% |
Income/loss after taxes |
|
2,730 |
|
821 |
|
1,344 |
|
1,287 |
|
686 |
|
4,138 |
|
51.6 |
% |
Income/losses applicable to minority |
|
-457 |
|
-130 |
|
-122 |
|
-135 |
|
-94 |
|
-481 |
|
5.3 |
% |
Net income/loss |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
60.9 |
% |
Depreciation and amortization |
|
-9,330 |
|
-2,190 |
|
-2,361 |
|
-2,422 |
|
-2,446 |
|
-9,419 |
|
1.0 |
% |
EBITDA |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
5.6 |
% |
EBITDA margin |
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
0.7 |
%p |
Unaudited and preliminary Figures
6
Group P&L including special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net revenue |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
Cost of Sales |
|
-29,369 |
|
-7,219 |
|
-8,971 |
|
-7,515 |
|
-7,854 |
|
-31,559 |
|
7.5 |
% |
Gross profit/loss from sales |
|
26,134 |
|
6,671 |
|
5,406 |
|
6,838 |
|
6,886 |
|
25,801 |
|
-1.3 |
% |
Selling Costs |
|
-12,747 |
|
-3,207 |
|
-3,072 |
|
-3,032 |
|
-3,526 |
|
-12,837 |
|
0.7 |
% |
General administrative costs |
|
-4,596 |
|
-1,034 |
|
-1,148 |
|
-1,016 |
|
-1,307 |
|
-4,505 |
|
-2.0 |
% |
Other operating income |
|
2,359 |
|
361 |
|
473 |
|
405 |
|
479 |
|
1,718 |
|
-27.2 |
% |
Other operating expenses |
|
-2,765 |
|
-375 |
|
-375 |
|
-2,852 |
|
-314 |
|
-3,916 |
|
41.6 |
% |
Operating results = EBIT |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
-25.3 |
% |
EBIT margin |
|
15.1 |
% |
17.4 |
% |
8.9 |
% |
2.4 |
% |
15.0 |
% |
10.9 |
% |
-4.2 |
%p |
Financial income/expense, net |
|
-4,247 |
|
-1,224 |
|
-696 |
|
-1,024 |
|
201 |
|
-2,743 |
|
-35.4 |
% |
of which: net interest expense |
|
-3,880 |
|
-937 |
|
-919 |
|
-860 |
|
-780 |
|
-3,496 |
|
-9.9 |
% |
Income before taxes = EBT |
|
4,138 |
|
1,192 |
|
588 |
|
-681 |
|
2,419 |
|
3,518 |
|
-15.0 |
% |
Income taxes |
|
-1,744 |
|
-430 |
|
111 |
|
-543 |
|
-666 |
|
-1,528 |
|
-12.4 |
% |
Income/loss after taxes |
|
2,394 |
|
762 |
|
699 |
|
-1,224 |
|
1,753 |
|
1,990 |
|
-16.9 |
% |
Income/losses applicable to minority shareholders |
|
-457 |
|
-130 |
|
-122 |
|
-135 |
|
-39 |
|
-426 |
|
-6.8 |
% |
Net income/loss |
|
1,937 |
|
632 |
|
577 |
|
-1,359 |
|
1,714 |
|
1,564 |
|
-19.3 |
% |
Depreciation and amortization |
|
-10,304 |
|
-2,190 |
|
-3,714 |
|
-4,850 |
|
-2,374 |
|
-13,128 |
|
27.4 |
% |
EBITDA |
|
18,689 |
|
4,606 |
|
4,998 |
|
5,193 |
|
4,592 |
|
19,389 |
|
3.7 |
% |
EBITDA margin |
|
33.7 |
% |
33.2 |
% |
34.8 |
% |
36.2 |
% |
31.2 |
% |
33.8 |
% |
0.1 |
%p |
Unaudited and preliminary Figures
7
Special influences in Group P&L.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Net revenue |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Cost of Sales |
|
-22 |
|
0 |
|
-1,353 |
|
-1 |
|
18 |
|
-1,336 |
|
Gross profit/loss from sales |
|
-22 |
|
0 |
|
-1,353 |
|
-1 |
|
18 |
|
-1,336 |
|
Selling Costs |
|
-5 |
|
0 |
|
0 |
|
-1 |
|
-23 |
|
-24 |
|
General administrative costs |
|
-81 |
|
0 |
|
0 |
|
-14 |
|
-123 |
|
-137 |
|
Other operating income |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Other operating expenses |
|
-1,257 |
|
-69 |
|
0 |
|
-2,521 |
|
66 |
|
-2,524 |
|
Operating results = EBIT |
|
-857 |
|
-69 |
|
-1,278 |
|
-2,528 |
|
-62 |
|
-3,937 |
|
Financial income/expense, net |
|
631 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
of which: net interest expense |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income before taxes = EBT |
|
-226 |
|
-69 |
|
-1,186 |
|
-2,528 |
|
1,076 |
|
-2,707 |
|
Income taxes |
|
-110 |
|
10 |
|
541 |
|
17 |
|
-9 |
|
559 |
|
Income/loss after taxes |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,067 |
|
-2,148 |
|
Income/losses applicable to minority |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income/loss |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,122 |
|
-2,093 |
|
Depreciation and amortization |
|
-974 |
|
0 |
|
-1,353 |
|
-2,428 |
|
72 |
|
-3,709 |
|
EBITDA |
|
117 |
|
-69 |
|
75 |
|
-100 |
|
-134 |
|
-228 |
|
Unaudited and preliminary Figures
8
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on Operating expenses |
|
-1,365 |
|
-69 |
|
-1,353 |
|
-2,537 |
|
-62 |
|
-4,021 |
|
- of which unscheduled write-downs on FCC-licences and on goodwill of T-Mobile USA |
|
-789 |
|
|
|
-1,353 |
|
|
|
92 |
|
-1,261 |
|
- of which unscheduled write-down on goodwill of T-Mobile UK |
|
|
|
|
|
|
|
-2,225 |
|
|
|
-2,225 |
|
- of which restructuring charges and goodwill write-downs BB/FN CEE (MATÁV/ST/HT) |
|
-251 |
|
|
|
|
|
-219 |
|
-146 |
|
-365 |
|
- of which losses from the disposal of Multilink and T-Systems CS AG |
|
-58 |
|
|
|
|
|
|
|
|
|
|
|
- of which due to accruals for sale of cable |
|
-159 |
|
|
|
|
|
|
|
-37 |
|
-37 |
|
- of which additional accruals for redundancy payments, personnel reduction and others |
|
-108 |
|
-69 |
|
|
|
-93 |
|
29 |
|
-133 |
|
Effect on Other operating income |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
- of which sale of cable, Vergin Mobile, Telecash, Siris and cc-chemplorer |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Effect on Operating Results = EBIT |
|
-857 |
|
-69 |
|
-1,278 |
|
-2,528 |
|
-62 |
|
-3,937 |
|
Effect on EBITDA |
|
117 |
|
-69 |
|
75 |
|
-100 |
|
-134 |
|
-228 |
|
Unaudited and preliminary Figures
9
Special influences II.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on Financial income |
|
631 |
|
0 |
|
92 |
|
0 |
|
1138 |
|
1230 |
|
- of which sale of EUTELSAT, UMC, MTS, Celcom, SES, Inmarsat, Globe Telecom, cable |
|
812 |
|
|
|
92 |
|
|
|
1138 |
|
1230 |
|
- of which write-up comdirect bank AG |
|
40 |
|
|
|
|
|
|
|
|
|
|
|
- of which increased accruals for the health service of civil servants |
|
-221 |
|
|
|
|
|
|
|
|
|
|
|
Effect on Income before taxes |
|
-226 |
|
-69 |
|
-1,186 |
|
-2,528 |
|
1,076 |
|
-2,707 |
|
Effect on Tax |
|
-110 |
|
10 |
|
541 |
|
17 |
|
-9 |
|
559 |
|
- of which from change in legal structure T-Mobile |
|
466 |
|
|
|
|
|
|
|
|
|
|
|
- of which Sale of cable and MTS, accruals, valuation adjustment and others |
|
-438 |
|
10 |
|
|
|
17 |
|
28 |
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- of which effect of impairment on FCC-licences |
|
|
|
|
|
541 |
|
|
|
-37 |
|
504 |
|
- of which effect of increased accruals for the health service of civil servants |
|
-138 |
|
|
|
|
|
|
|
|
|
|
|
Effect on income/losses applicable to m inority shareholders: Redundancy payments T-Com CEE |
|
|
|
|
|
|
|
|
|
55 |
|
55 |
|
Effect on Net incom e/(loss) |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,122 |
|
-2,093 |
|
Unaudited and preliminary Figures
10
EBITDA reconciliation in DT Group.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
Net revenue |
|
14,740 |
|
55,503 |
|
57,360 |
|
Operating Results = EBIT |
|
2,218 |
|
8,385 |
|
6,261 |
|
- Depreciation and amortization |
|
-2,374 |
|
-10,304 |
|
-13,128 |
|
= EBITDA |
|
4,592 |
|
18,689 |
|
19,389 |
|
EBITDA margin [EBITDA/Net revenue] |
|
31.2 |
% |
33.7 |
% |
33.8 |
% |
- Special influences affecting EBITDA |
|
-134 |
|
117 |
|
-228 |
|
= Adj. EBITDA |
|
4,726 |
|
18,572 |
|
19,617 |
|
Adj. EBITDA margin [Adj. EBITDA/Net revenue] |
|
32.1 |
% |
33.5 |
% |
34.2 |
% |
Unaudited and preliminary Figures
11
Assets.
|
|
|
|
|
|
|
|
|
|
|
|
Delta |
|
Delta |
|
billion(1) |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Q4 vs. Q3 |
|
y.o.y. |
|
Current assets |
|
21.5 |
|
21.7 |
|
19.7 |
|
18.3 |
|
19.0 |
|
3.7 |
% |
-11.7 |
% |
Cash and cash equivalents |
|
9.1 |
|
9.2 |
|
6.6 |
|
5.9 |
|
8.0 |
|
35.6 |
% |
-11.7 |
% |
Trade and other receivables |
|
7.6 |
|
7.1 |
|
7.6 |
|
7.2 |
|
6.7 |
|
-6.2 |
% |
-11.4 |
% |
Current recoverable income taxes |
|
1.0 |
|
0.5 |
|
0.4 |
|
0.3 |
|
0.3 |
|
0.0 |
% |
-68.3 |
% |
Other current financial assests |
|
2.1 |
|
2.3 |
|
2.6 |
|
2.4 |
|
1.8 |
|
-25.2 |
% |
-16.0 |
% |
Inventories |
|
1.0 |
|
1.1 |
|
1.2 |
|
1.4 |
|
1.2 |
|
-17.3 |
% |
15.4 |
% |
Other current assets |
|
0.7 |
|
1.5 |
|
1.3 |
|
1.1 |
|
1.0 |
|
-14.0 |
% |
39.6 |
% |
Noncurrent assets |
|
118.1 |
|
118.7 |
|
116.4 |
|
112.3 |
|
110.1 |
|
-2.0 |
% |
-6.8 |
% |
Intangible assets |
|
55.4 |
|
56.9 |
|
55.5 |
|
52.3 |
|
50.7 |
|
-2.9 |
% |
-8.4 |
% |
Property, plant, and equipment |
|
49.3 |
|
48.5 |
|
47.9 |
|
46.8 |
|
46.3 |
|
-1.1 |
% |
-6.0 |
% |
Equity-accounted financial assets |
|
2.4 |
|
2.6 |
|
2.8 |
|
3.1 |
|
2.7 |
|
-13.7 |
% |
11.1 |
% |
Other noncurrent financial assets |
|
1.4 |
|
1.3 |
|
1.0 |
|
0.9 |
|
1.7 |
|
82.0 |
% |
19.9 |
% |
Deferred tax assets |
|
9.3 |
|
9.0 |
|
9.0 |
|
8.9 |
|
8.3 |
|
-6.6 |
% |
-10.8 |
% |
Other noncurrent assets |
|
0.3 |
|
0.4 |
|
0.3 |
|
0.3 |
|
0.4 |
|
23.9 |
% |
26.0 |
% |
Total assets |
|
139.6 |
|
140.3 |
|
136.1 |
|
130.6 |
|
129.1 |
|
-1.2 |
% |
-7.6 |
% |
(1) Calculated on the basis of exact figures.
Unaudited and preliminary Figures
12
Consolidated balance sheet.
Shareholders equity and liabilities.
|
|
|
|
|
|
|
|
|
|
|
|
Delta |
|
Delta |
|
billion(1) |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Q4 vs. Q3 |
|
y.o.y. |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
30.4 |
|
29.4 |
|
29.3 |
|
28.5 |
|
26.2 |
|
-8.2 |
% |
-13.9 |
% |
Current financial liabilities |
|
18.9 |
|
18.5 |
|
18.6 |
|
17.8 |
|
14.1 |
|
-20.6 |
% |
-25.3 |
% |
Trade and other payables |
|
6.4 |
|
5.4 |
|
5.3 |
|
5.0 |
|
6.1 |
|
23.1 |
% |
-4.4 |
% |
Income tax liabilities |
|
0.2 |
|
0.4 |
|
0.5 |
|
0.6 |
|
0.7 |
|
24.8 |
% |
257.5 |
% |
Current provisions |
|
3.4 |
|
3.4 |
|
3.2 |
|
3.5 |
|
3.7 |
|
4.3 |
% |
8.8 |
% |
Other current liabilities |
|
1.5 |
|
1.6 |
|
1.7 |
|
1.7 |
|
1.5 |
|
-8.5 |
% |
0.8 |
% |
Noncurrent liabilities |
|
65.4 |
|
65.3 |
|
60.5 |
|
57.4 |
|
57.0 |
|
-0.7 |
% |
-12.8 |
% |
Noncurrent financial liabilities |
|
46.3 |
|
45.8 |
|
41.4 |
|
38.2 |
|
38.1 |
|
-0.1 |
% |
-17.6 |
% |
Provisions for pensions/employee benefits |
|
4.2 |
|
4.2 |
|
4.3 |
|
4.3 |
|
4.2 |
|
-2.6 |
% |
0.2 |
% |
Other noncurrent provisions |
|
2.6 |
|
2.7 |
|
2.9 |
|
2.9 |
|
3.1 |
|
7.4 |
% |
18.3 |
% |
Deferred tax liabilities |
|
10.6 |
|
10.7 |
|
10.3 |
|
10.4 |
|
9.7 |
|
-6.8 |
% |
-8.4 |
% |
Other noncurrent liabilities |
|
1.7 |
|
1.8 |
|
1.7 |
|
1.6 |
|
1.9 |
|
16.0 |
% |
11.5 |
% |
Shareholders equity |
|
43.8 |
|
45.7 |
|
46.3 |
|
44.7 |
|
45.9 |
|
2.7 |
% |
4.7 |
% |
Issued capital |
|
10.7 |
|
10.7 |
|
10.7 |
|
10.7 |
|
10.7 |
|
0.0 |
% |
0.4 |
% |
Capital reserves |
|
49.5 |
|
49.5 |
|
49.5 |
|
49.5 |
|
49.5 |
|
0.0 |
% |
0.0 |
% |
Retained earnings incl. carryforwards |
|
-19.6 |
|
-17.7 |
|
-17.7 |
|
-17.7 |
|
-17.7 |
|
-0.1 |
% |
-9.8 |
% |
Other comprehensive income |
|
-2.9 |
|
-1.9 |
|
-1.9 |
|
-2.2 |
|
-2.7 |
|
19.5 |
% |
-8.0 |
% |
Consolidated net profit |
|
1.9 |
|
0.6 |
|
1.2 |
|
-0.2 |
|
1.6 |
|
n.a. |
|
-17.7 |
% |
Subtotal |
|
39.6 |
|
41.3 |
|
41.8 |
|
40.2 |
|
41.5 |
|
3.2 |
% |
4.7 |
% |
Minority interest |
|
4.2 |
|
4.4 |
|
4.4 |
|
4.5 |
|
4.4 |
|
-2.3 |
% |
4.6 |
% |
Total liabilities and shareholders equity |
|
139.6 |
|
140.3 |
|
136.1 |
|
130.6 |
|
129.1 |
|
-1.2 |
% |
-7.6 |
% |
(1) Calculated on the basis of exact figures.
Unaudited and preliminary Figures
13
Bonds and Medium Term Notes (MTN)
maturities as of December 2004 ( billion)
For detailed information on Bonds, Medium Term Notes and the Convertible Bond such as
Principlal Amount
Currency
Coupon
Maturiy Date
ISIN Code
Documentation
check out our IR-website under Debt market.
Unaudited and preliminary Figures
14
Debt to net debt reconciliation.
|
|
|
|
|
|
|
|
|
|
|
|
Delta |
|
Delta |
|
million |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Q4 vs. Q3 |
|
y.o.y. |
|
Bonds |
|
51,164 |
|
49,997 |
|
46,559 |
|
43,347 |
|
39,458 |
|
-3,889 |
|
-11,706 |
|
Liabilities to banks |
|
3,789 |
|
3,262 |
|
3,182 |
|
3,153 |
|
3,074 |
|
-79 |
|
-715 |
|
Liabilities to non-banks from promissory notes |
|
756 |
|
769 |
|
755 |
|
718 |
|
651 |
|
-67 |
|
-105 |
|
Other financial liabilities |
|
4,983 |
|
4,977 |
|
4,618 |
|
4,546 |
|
5,225 |
|
679 |
|
242 |
|
Gross debt under IFRS |
|
60,692 |
|
59,005 |
|
55,114 |
|
51,764 |
|
48,408 |
|
|
|
|
|
Cash and cash equivalents |
|
9,131 |
|
9,198 |
|
6,614 |
|
5,928 |
|
8,038 |
|
2,110 |
|
-1,093 |
|
Available-for-sale/Held-for-trading financial assets |
|
137 |
|
151 |
|
676 |
|
636 |
|
120 |
|
-516 |
|
-17 |
|
Other financial assets |
|
699 |
|
773 |
|
507 |
|
533 |
|
658 |
|
|
|
|
|
Net debt under IFRS |
|
50,725 |
|
48,883 |
|
47,317 |
|
44,667 |
|
39,592 |
|
-5,075 |
|
-11,133 |
|
Unaudited and preliminary Figures
15
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
T-Mobile |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
GHS |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Group |
|
6,362 |
|
1,353 |
|
1,575 |
|
1,480 |
|
2,002 |
|
6,410 |
|
0.8 |
% |
Unaudited and preliminary Figures
16
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net cash provided by operating activities |
|
15,053 |
|
4,304 |
|
2,900 |
|
3,920 |
|
5,597 |
|
16,721 |
|
11.1 |
% |
Cash out flows
from investments in |
|
-1,141 |
|
-123 |
|
-232 |
|
-218 |
|
-471 |
|
-1,044 |
|
-8.5 |
% |
- property, plant, equipment |
|
-5,221 |
|
-1,230 |
|
-1,343 |
|
-1,262 |
|
-1,531 |
|
-5,366 |
|
2.8 |
% |
Free cash flow [before dividend] |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
18.6 |
% |
Unaudited and preliminary Figures
17
|
|
|
|
|
|
|
|
|
|
|
|
Delta y.o.y. |
|
||
End of period |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
abs. |
|
% |
|
BBFN |
|
118,640 |
|
114,345 |
|
114,991 |
|
116,379 |
|
114,083 |
|
-4,557 |
|
-3.8 |
% |
T-Com |
|
116,025 |
|
111,399 |
|
112,049 |
|
113,376 |
|
111,079 |
|
-4,946 |
|
-4.3 |
% |
T-Online |
|
2,615 |
|
2,946 |
|
2,942 |
|
3,003 |
|
3,004 |
|
389 |
|
14.9 |
% |
T-Mobile |
|
46,600 |
|
46,722 |
|
47,652 |
|
48,164 |
|
47,797 |
|
1,197 |
|
2.6 |
% |
T-Systems |
|
52,585 |
|
52,225 |
|
52,970 |
|
51,400 |
|
51,173 |
|
-1,412 |
|
-2.7 |
% |
GHS |
|
30,694 |
|
34,862 |
|
32,219 |
|
31,948 |
|
31,592 |
|
898 |
|
2.9 |
% |
- of which Vivento(2) |
|
15,500 |
|
19,500 |
|
19,200 |
|
18,600 |
|
18,300 |
|
2,800 |
|
18.1 |
% |
DT Group |
|
248,519 |
|
248,153 |
|
247,830 |
|
247,891 |
|
244,645 |
|
-3,874 |
|
-1.6 |
% |
- of which civil servants |
|
49,793 |
|
49,664 |
|
47,964 |
|
47,771 |
|
47,163 |
|
-2,630 |
|
-5.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta y.o.y. |
|
||
Average |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
abs. |
|
% |
|
BBFN |
|
128,065 |
|
114,748 |
|
114,861 |
|
116,549 |
|
115,010 |
|
115,292 |
|
-12,773 |
|
-10.0 |
% |
T-Com |
|
125,428 |
|
111,830 |
|
111,916 |
|
113,568 |
|
112,003 |
|
112,329 |
|
-13,099 |
|
-10.4 |
% |
T-Online |
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
326 |
|
12.3 |
% |
T-Mobile |
|
44,899 |
|
46,337 |
|
47,407 |
|
48,111 |
|
47,815 |
|
47,418 |
|
2,519 |
|
5.6 |
% |
T-Systems |
|
54,390 |
|
52,357 |
|
52,729 |
|
51,593 |
|
51,232 |
|
51,978 |
|
-2,412 |
|
-4.4 |
% |
GHS |
|
23,909 |
|
34,919 |
|
32,787 |
|
32,108 |
|
31,673 |
|
32,872 |
|
8,963 |
|
37.5 |
% |
- of which Vivento(2) |
|
8,300 |
|
19,600 |
|
19,000 |
|
18,900 |
|
18,400 |
|
19,000 |
|
10,700 |
|
128.9 |
% |
DT Group |
|
251,263 |
|
248,361 |
|
247,785 |
|
248,360 |
|
245,730 |
|
247,559 |
|
-3,704 |
|
-1.5 |
% |
- of which civil servants |
|
49,998 |
|
49,886 |
|
48,928 |
|
47,843 |
|
47,489 |
|
48,536 |
|
-1,461 |
|
-2.9 |
% |
(1) Full-time employees: number of employees without trainees and students.
(2) Figures rounded; excluding permanent staff.
Unaudited and preliminary Figures
18
End of period.
|
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
1 US-Dollar (USD) |
|
0.85573 |
|
0.79340 |
|
0.81793 |
|
0.82251 |
|
0.81077 |
|
1 British Pound (GBP) |
|
1.43145 |
|
1.41663 |
|
1.50039 |
|
1.49010 |
|
1.45817 |
|
100 Czechs Koruna (CZK) |
|
3.14179 |
|
3.08873 |
|
3.04442 |
|
3.14684 |
|
3.15847 |
|
100 Croatian Kuna (HRK) |
|
13.25580 |
|
13.11000 |
|
13.37980 |
|
13.61490 |
|
13.19060 |
|
1000 Hungarian Forint (HUF) |
|
3.92126 |
|
3.79407 |
|
4.01801 |
|
3.97789 |
|
4.04106 |
|
100 Slovak Krona (SKK) |
|
2.42925 |
|
2.43000 |
|
2.49252 |
|
2.50784 |
|
2.49657 |
|
Average.
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
1 US-Dollar (USD) |
|
0.84148 |
|
0.88492 |
|
0.79953 |
|
0.83033 |
|
0.81840 |
|
0.81580 |
|
1 British Pound (GBP) |
|
1.43370 |
|
1.44585 |
|
1.46948 |
|
1.49879 |
|
1.48754 |
|
1.48508 |
|
100 Czechs Koruna (CZK) |
|
3.11907 |
|
3.14101 |
|
3.04350 |
|
3.12105 |
|
3.16509 |
|
3.11073 |
|
100 Croatian Kuna (HRK) |
|
13.10630 |
|
13.21220 |
|
13.14380 |
|
13.44700 |
|
13.52170 |
|
13.37200 |
|
1000 Hungarian Forint (HUF) |
|
3.84949 |
|
3.94347 |
|
3.84654 |
|
3.97090 |
|
4.02139 |
|
3.94650 |
|
100 Slovak Krona (SKK) |
|
2.42820 |
|
2.41004 |
|
2.46536 |
|
2.49514 |
|
2.49849 |
|
2.48648 |
|
Unaudited and preliminary Figures
19
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
20
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
21
Content |
|
|
|
|
|
|
|
|
|
|
For further information on products, tariffs and divisional management see
www.t-com.de www.t-online.net
Unaudited and preliminary Figures
22
Broadband/Fixed Net adjusted for special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
- of which T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
- of which T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
Adjusted EBITDA |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
-2.3 |
% |
- of which T-Com |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
-3.9 |
% |
- of which T-Online |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
47.3 |
% |
Adjusted EBITDA margin |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
0.9 |
%p |
Depreciation and amortization |
|
-4,747 |
|
-1,082 |
|
-1,122 |
|
-1,181 |
|
-1,023 |
|
-4,408 |
|
-7.1 |
% |
Financial income/ expense, net(1) |
|
-15 |
|
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
|
|
Income before taxes = EBT |
|
5,609 |
|
1,771 |
|
1,475 |
|
1,513 |
|
1,655 |
|
6,414 |
|
14.4 |
% |
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
23
EBITDA reconciliation in Broadband/Fixed Net.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
6,651 |
|
28,295 |
|
27,010 |
|
|
Results from ordinary business activities |
|
1,466 |
|
5,606 |
|
6,024 |
|
|
- |
Financial income/ expense, net(1) |
|
149 |
|
-15 |
|
479 |
|
- |
Depreciation and amortization |
|
-1,023 |
|
-4,747 |
|
-4,408 |
|
= |
EBITDA |
|
2,340 |
|
10,368 |
|
9,953 |
|
|
EBITDA margin |
|
35.2 |
% |
36.6 |
% |
36.8 |
% |
- |
Special Factors affecting EBITDA |
|
-169 |
|
-40 |
|
-220 |
|
= |
Adj. EBITDA |
|
2,509 |
|
10,408 |
|
10,173 |
|
|
Adj. EBITDA margin |
|
37.7 |
% |
36.8 |
% |
37.7 |
% |
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
24
Broadband/Fixed Net unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
- of which T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
- of which T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
EBITDA |
|
10,368 |
|
2,559 |
|
2,577 |
|
2,477 |
|
2,340 |
|
9,953 |
|
-4.0 |
% |
- of which T-Com |
|
10,080 |
|
2,457 |
|
2,440 |
|
2,342 |
|
2,265 |
|
9,504 |
|
-5.7 |
% |
- of which T-Online |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
36.6 |
% |
EBITDA margin |
|
36.6 |
% |
36.9 |
% |
37.8 |
% |
37.5 |
% |
35.2 |
% |
36.8 |
% |
0.2 |
%p |
Depreciation and amortization |
|
-4,674 |
|
-1,082 |
|
-1,122 |
|
-1,031 |
|
-1,003 |
|
-4,238 |
|
-9.3 |
% |
Financial income/ expense, net1 |
|
-125 |
|
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
n.m. |
|
Income before taxes = EBT |
|
5,606 |
|
1,738 |
|
1,475 |
|
1,345 |
|
1,466 |
|
6,024 |
|
7.5 |
% |
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
25
Special influences affecting Broadband/Fixed Net.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
-40 |
|
-33 |
|
0 |
|
-18 |
|
-169 |
|
-220 |
|
- of which book gain sale of cable |
|
383 |
|
|
|
|
|
|
|
|
|
|
|
- of which charges on sale of cable |
|
-159 |
|
|
|
|
|
|
|
-37 |
|
-37 |
|
- Accruals for personnel reductions |
|
-77 |
|
|
|
|
|
|
|
|
|
|
|
- Additional minimum liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
- Transfer payments to Vivento |
|
-121 |
|
|
|
|
|
-2 |
|
|
|
-2 |
|
- Accruals for redundancy payments |
|
|
|
-33 |
|
|
|
|
|
|
|
-33 |
|
- Restructuring of MATÁV, HT, ST |
|
-66 |
|
|
|
|
|
-16 |
|
-132 |
|
-148 |
|
Effect on Incom e before taxes = EBT |
|
-3 |
|
-33 |
|
0 |
|
-168 |
|
-189 |
|
-390 |
|
- of which book gain sale of cable Baden-Wuerttem. |
|
70 |
|
|
|
|
|
|
|
|
|
|
|
- of which write-up of comdirect bank AG |
|
40 |
|
|
|
|
|
|
|
|
|
|
|
- of which Goodwill Impairment MATÁV |
|
-73 |
|
|
|
|
|
|
|
|
|
|
|
- of which Goodwill Impairment ST |
|
|
|
|
|
|
|
-150 |
|
|
|
-150 |
|
- of which write-down of HT brand name |
|
|
|
|
|
|
|
|
|
-14 |
|
-14 |
|
- of which write-down of daybyday |
|
|
|
|
|
|
|
|
|
-6 |
|
-6 |
|
Unaudited and preliminary Figures
26
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
27
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
28
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
29
Content
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For further information on products, tariffs and divisional management see
www.t-mobile-international.de
T-Mobile segment adjusted for special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
Net revenue |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
ARPU revenue |
|
20,675 |
|
5,356 |
|
5,792 |
|
5,996 |
|
5,784 |
|
22,928 |
|
10.9 |
% |
EBITDA |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
16.6 |
% |
EBITDA margin (total revenues) |
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
1.9 |
%p |
EBITDA margin (ARPU revenues) |
|
34.8 |
% |
34.1 |
% |
36.7 |
% |
39.6 |
% |
35.8 |
% |
36.6 |
% |
1.8 |
%p |
Depreciation and amortization |
|
-2,867 |
|
-685 |
|
-813 |
|
-937 |
|
-979 |
|
-3,414 |
|
-19.1 |
% |
Financial income/ expense, net |
|
-830 |
|
-274 |
|
-94 |
|
-224 |
|
-295 |
|
-887 |
|
-6.9 |
% |
Income before taxes = EBT |
|
3,505 |
|
867 |
|
1,220 |
|
1,213 |
|
794 |
|
4,094 |
|
16.8 |
% |
Cash Capex |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
Cash Contribution(1) |
|
3,889 |
|
1,000 |
|
1,361 |
|
1,678 |
|
1,278 |
|
5,317 |
|
36.7 |
% |
(1) Defined as adj. EBITDA - Cash Capex
Unaudited and preliminary Figures
30
EBITDA reconciliation in T-Mobile segment.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
6,692 |
|
24,198 |
|
26,527 |
|
|
Incom e before taxes = EBT |
|
1,842 |
|
2,969 |
|
1,581 |
|
|
- |
Financial income/expense, net |
|
663 |
|
-465 |
|
71 |
|
- |
Depreciation and amortization |
|
-887 |
|
-3,768 |
|
-6,953 |
|
= |
EBITDA |
|
2,066 |
|
7,202 |
|
8,463 |
|
|
EBITDA margin |
|
30.9 |
% |
29.8 |
% |
31.9 |
% |
- |
Special influences affecting EBITDA |
|
-2 |
|
0 |
|
68 |
|
= |
Adj. EBITDA |
|
2,068 |
|
7,202 |
|
8,395 |
|
|
Adj. EBITDA margin |
|
30.9 |
% |
29.8 |
% |
31.6 |
% |
Unaudited and preliminary Figures
31
T-Mobile segment unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
Net revenue |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
EBITDA |
|
7,202 |
|
1,826 |
|
2,202 |
|
2,369 |
|
2,066 |
|
8,463 |
|
17.5 |
% |
EBITDA margin |
|
29.8 |
% |
29.1 |
% |
33.1 |
% |
34.3 |
% |
30.9 |
% |
31.9 |
% |
2.1 |
%p |
Depreciation and amortization |
|
-3,768 |
|
-685 |
|
-2,166 |
|
-3,215 |
|
-887 |
|
-6,953 |
|
-84.5 |
% |
Financial income/ expense, net |
|
-465 |
|
-274 |
|
-94 |
|
-224 |
|
663 |
|
71 |
|
n.a. |
|
Income before taxes = EBT |
|
2,969 |
|
867 |
|
-58 |
|
-1,070 |
|
1,842 |
|
1,581 |
|
-46.7 |
% |
Unaudited and preliminary Figures
32
Special influences affecting T-Mobile segment.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effects on EBITDA |
|
0 |
|
0 |
|
75 |
|
-5 |
|
-2 |
|
68 |
|
- of which subsequent proceeds from sale of Virgin Mobile |
|
|
|
|
|
75 |
|
|
|
|
|
75 |
|
- of which PSA Vivento |
|
|
|
|
|
|
|
-5 |
|
-2 |
|
-7 |
|
Effects on Income before taxes = EBT |
|
-536 |
|
0 |
|
-1,278 |
|
-2,283 |
|
1,048 |
|
-2,513 |
|
- of which gain on sale of MTS |
|
365 |
|
|
|
|
|
|
|
958 |
|
958 |
|
- of which Goodwill Impairment TMUS |
|
-789 |
|
|
|
|
|
|
|
|
|
0 |
|
- of which Goodwill Impairment TMH |
|
-101 |
|
|
|
|
|
|
|
|
|
0 |
|
- of which Goodwill Impairment MOBIMAK |
|
-11 |
|
|
|
|
|
|
|
|
|
0 |
|
- of which Impairment of FCC licenses |
|
|
|
|
|
-1,353 |
|
|
|
92 |
|
-1,261 |
|
- of which Goodwill Impairment TMUK |
|
|
|
|
|
|
|
-2,225 |
|
|
|
-2,225 |
|
- of which Goodwill Impairment EuroTel |
|
|
|
|
|
|
|
-53 |
|
|
|
-53 |
|
Unaudited and preliminary Figures
33
T-Mobile segment.
Customer data.
000 (end of period) |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Western Europe |
|
43,987 |
|
45,145 |
|
46,197 |
|
46,822 |
|
47,500 |
|
47,500 |
|
8.0 |
% |
- of which: Germany |
|
26,333 |
|
26,681 |
|
27,059 |
|
27,358 |
|
27,471 |
|
27,471 |
|
4.3 |
% |
- of which: United Kingdom(1) |
|
13,636 |
|
14,343 |
|
14,899 |
|
15,207 |
|
15,726 |
|
15,726 |
|
15.3 |
% |
- of which: Netherlands |
|
1,987 |
|
2,109 |
|
2,224 |
|
2,253 |
|
2,261 |
|
2,261 |
|
13.8 |
% |
- of which: Austria |
|
2,031 |
|
2,012 |
|
2,015 |
|
2,004 |
|
2,042 |
|
2,042 |
|
0.5 |
% |
CE Europe |
|
9,577 |
|
9,748 |
|
9,991 |
|
10,240 |
|
10,678 |
|
10,678 |
|
11.5 |
% |
- of which: Czech Republic |
|
3,947 |
|
3,991 |
|
4,075 |
|
4,130 |
|
4,360 |
|
4,360 |
|
10.5 |
% |
- of which: Hungary |
|
3,766 |
|
3,838 |
|
3,913 |
|
3,989 |
|
4,032 |
|
4,032 |
|
7.1 |
% |
- of which: Slovakia(2) |
|
1,613 |
|
1,685 |
|
1,740 |
|
1,807 |
|
1,915 |
|
1,915 |
|
18.7 |
% |
- of which: Croatia |
|
1,340 |
|
1,354 |
|
1,380 |
|
1,428 |
|
1,534 |
|
1,534 |
|
14.5 |
% |
- of which: Macedonia |
|
524 |
|
565 |
|
623 |
|
693 |
|
752 |
|
752 |
|
43.5 |
% |
USA |
|
13,128 |
|
14,303 |
|
15,394 |
|
16,295 |
|
17,314 |
|
17,314 |
|
31.9 |
% |
Total(1) |
|
66,692 |
|
69,197 |
|
71,582 |
|
73,358 |
|
75,492 |
|
75,492 |
|
13.2 |
% |
- of which Contract Customers |
|
31,023 |
|
32,534 |
|
33,985 |
|
35,326 |
|
36,556 |
|
36,556 |
|
17.8 |
% |
% of total(1) |
|
46.5 |
% |
47.0 |
% |
47.5 |
% |
48.2 |
% |
48.4 |
% |
48.4 |
% |
4.1 |
% |
PTC Poland(3) |
|
6,211 |
|
6,857 |
|
7,518 |
|
8,051 |
|
8,629 |
|
8,629 |
|
38.9 |
% |
(1) Including Virgin Mobile
(2) To be fully consolidated and accounted for as of Q1/05
(3) Not fully consolidated
Unaudited and preliminary Figures
35
T-Mobile Germany (IFRS).
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
26,333 |
|
26,681 |
|
27,059 |
|
27,358 |
|
27,471 |
|
27,471 |
|
4.3 |
% |
- Contract |
|
12,569 |
|
12,763 |
|
13,005 |
|
13,333 |
|
13,492 |
|
13,492 |
|
7.3 |
% |
- Prepay |
|
13,764 |
|
13,918 |
|
14,054 |
|
14,025 |
|
13,979 |
|
13,979 |
|
1.6 |
% |
Net adds |
|
1,752 |
|
348 |
|
378 |
|
299 |
|
113 |
|
1,138 |
|
-35.0 |
% |
- Contract |
|
1,054 |
|
194 |
|
242 |
|
328 |
|
159 |
|
923 |
|
-12.4 |
% |
- Prepay |
|
697 |
|
154 |
|
136 |
|
-29 |
|
-46 |
|
215 |
|
-69.2 |
% |
Average monthly churn |
|
1.4 |
% |
1.4 |
% |
1.4 |
% |
1.5 |
% |
1.6 |
% |
1.5 |
% |
0.1 |
%p |
- Contract |
|
1.4 |
% |
1.2 |
% |
1.0 |
% |
1.1 |
% |
1.3 |
% |
1.1 |
% |
-0.3 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
8,479 |
|
2,120 |
|
2,179 |
|
2,261 |
|
2,185 |
|
8,745 |
|
3.1 |
% |
ARPU Revenue (million) |
|
7,498 |
|
1,838 |
|
1,901 |
|
1,987 |
|
1,930 |
|
7,656 |
|
2.1 |
% |
Adj. EBITDA (million) |
|
3,675 |
|
803 |
|
880 |
|
958 |
(1) |
999 |
(1) |
3,640 |
|
-1.0 |
% |
EBITDA margin (total rev.) |
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.4 |
% |
45.7 |
% |
41.6 |
% |
-1.7 |
%p |
EBITDA margin (ARPU rev.) |
|
49.0 |
% |
43.7 |
% |
46.3 |
% |
48.2 |
% |
51.8 |
% |
47.5 |
% |
-1.5 |
%p |
SAC |
|
93 |
|
94 |
|
100 |
|
112 |
|
100 |
|
101 |
|
8.6 |
% |
- Contract |
|
156 |
|
162 |
|
174 |
|
171 |
|
178 |
|
172 |
|
10.3 |
% |
- Prepay |
|
27 |
|
34 |
|
41 |
|
41 |
|
19 |
|
34 |
|
25.9 |
% |
ARPU |
|
25 |
|
23 |
|
24 |
|
24 |
|
24 |
|
24 |
|
-4.0 |
% |
- Contract |
|
41 |
|
38 |
|
39 |
|
40 |
|
39 |
|
39 |
|
-4.9 |
% |
- Prepay |
|
10 |
|
9 |
|
10 |
|
10 |
|
9 |
|
9 |
|
-10.0 |
% |
Non-Voice % of ARPU |
|
17 |
% |
18 |
% |
17 |
% |
17 |
% |
17 |
% |
17 |
% |
0 |
%p |
Cash Capex (million) |
|
548 |
|
111 |
|
166 |
|
98 |
|
106 |
|
481 |
|
-12.2 |
% |
Adj. Cash Contribution |
|
3,127 |
|
692 |
|
714 |
|
860 |
|
893 |
|
3,159 |
|
1.0 |
% |
(1) special factor affecting EBITDA: Vivento transfer payment (EUR 5 million in Q3/04 and EUR 2 million in Q4/04)
(2) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
36
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers(1) (end of period) |
|
13,636 |
|
14,343 |
|
14,899 |
|
15,207 |
|
15,726 |
|
15,726 |
|
15.3 |
% |
- Contract |
|
2,684 |
|
2,743 |
|
2,858 |
|
2,940 |
|
2,997 |
|
2,997 |
|
11.7 |
% |
- Prepay(1) |
|
10,952 |
|
11,600 |
|
12,041 |
|
12,267 |
|
12,728 |
|
12,728 |
|
16.2 |
% |
Net adds(1) |
|
1,190 |
|
707 |
|
556 |
|
308 |
|
519 |
|
2,090 |
|
75.6 |
% |
- Contract |
|
436 |
|
59 |
|
114 |
|
83 |
|
57 |
|
313 |
|
-28.2 |
% |
- Prepay(1) |
|
754 |
|
648 |
|
441 |
|
225 |
|
462 |
|
1,776 |
|
135.5 |
% |
Average monthly churn |
|
2.9 |
% |
1.2 |
% |
1.9 |
% |
2.5 |
% |
3.0 |
% |
2.2 |
% |
-0.7 |
%p |
- Contract |
|
2.3 |
% |
2.7 |
% |
2.5 |
% |
2.7 |
% |
2.9 |
% |
2.7 |
% |
0.4 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
4,312 |
|
1,133 |
|
1,108 |
|
1,106 |
|
997 |
(3) |
4,344 |
|
0.7 |
% |
ARPU Revenue (million) |
|
3,476 |
|
942 |
|
967 |
|
947 |
|
853 |
|
3,709 |
|
6.7 |
% |
Adj. EBITDA (million)(2) |
|
1,073 |
|
384 |
|
369 |
(2) |
390 |
|
237 |
|
1,380 |
|
28.6 |
% |
Adj. EBITDA margin (total rev.) |
|
24.9 |
% |
33.9 |
% |
33.3 |
% |
35.3 |
% |
23.8 |
% |
31.8 |
% |
6.9 |
%p |
Adj. EBITDA margin (ARPU rev.) |
|
30.9 |
% |
40.8 |
% |
38.2 |
% |
41.2 |
% |
27.8 |
% |
37.2 |
% |
6.3 |
%p |
SAC |
|
133 |
|
143 |
|
136 |
|
107 |
|
104 |
|
122 |
|
-8.3 |
% |
- Contract |
|
330 |
|
325 |
|
289 |
|
214 |
|
254 |
|
269 |
|
-18.5 |
% |
- Prepay |
|
32 |
|
43 |
|
39 |
|
35 |
|
36 |
|
38 |
|
18.8 |
% |
ARPU |
|
30 |
|
31 |
|
31 |
|
30 |
|
27 |
|
29 |
|
-3.3 |
% |
- Contract |
|
64 |
|
66 |
|
68 |
|
66 |
|
58 |
|
64 |
|
0.0 |
% |
- Prepay |
|
19 |
|
18 |
|
17 |
|
16 |
|
15 |
|
17 |
|
-10.5 |
% |
Non-Voice % of ARPU |
|
16 |
% |
17 |
% |
17 |
% |
17 |
% |
18 |
% |
17 |
% |
1 |
%p |
Cash Capex (million) |
|
385 |
|
43 |
|
74 |
|
64 |
|
62 |
|
243 |
|
-36.9 |
% |
Adj. Cash Contribution |
|
688 |
|
341 |
|
295 |
|
326 |
|
175 |
|
1,137 |
|
65.3 |
% |
(1) Including Virgin Mobile
(2) Special factor affecting EBITDA: Subsequent proceeds from sale of Virgin Mobile EUR 75 million.
(3) Cut in Mobile Termination Rates in September 2004.
(4) Defined as adj. EBITDA minus Cash Capex.
Unaudited and preliminary Figures
37
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
2,031 |
|
2,012 |
|
2,015 |
|
2,004 |
|
2,042 |
|
2,042 |
|
0.5 |
% |
- Contract |
|
950 |
|
941 |
|
946 |
|
950 |
|
985 |
|
985 |
|
3.7 |
% |
- Prepay |
|
1,081 |
|
1,071 |
|
1,069 |
|
1,054 |
|
1,058 |
|
1,058 |
|
-2.1 |
% |
Net adds |
|
-5 |
|
-18 |
|
3 |
|
-10 |
|
38 |
|
12 |
|
n.a. |
|
- Contract |
|
21 |
|
-9 |
|
5 |
|
4 |
|
34 |
|
34 |
|
61.9 |
% |
- Prepay |
|
-27 |
|
-10 |
|
-2 |
|
-14 |
|
4 |
|
-23 |
|
14.8 |
% |
Average monthly churn |
|
1.7 |
% |
2.0 |
% |
1.8 |
% |
1.7 |
% |
1.8 |
% |
1.8 |
% |
0.1 |
%p |
- Contract |
|
1.3 |
% |
1.9 |
% |
1.3 |
% |
1.1 |
% |
1.2 |
% |
1.4 |
% |
0.1 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million)(1) |
|
1,098 |
|
235 |
|
210 |
|
221 |
|
216 |
|
882 |
|
-19.7 |
% |
ARPU Revenue (million) |
|
846 |
|
212 |
|
201 |
|
207 |
|
200 |
|
820 |
|
-3.1 |
% |
EBITDA (million) |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
-30.6 |
% |
EBITDA margin (total rev.) |
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
-4.3 |
%p |
EBITDA margin (ARPU rev.) |
|
40.9 |
% |
25.9 |
% |
25.4 |
% |
31.9 |
% |
34.0 |
% |
29.3 |
% |
-11.6 |
%p |
SAC |
|
121 |
|
155 |
|
134 |
|
102 |
|
137 |
|
133 |
|
9.9 |
% |
- Contract |
|
211 |
|
251 |
|
242 |
|
203 |
|
231 |
|
233 |
|
10.4 |
% |
- Prepay |
|
41 |
|
52 |
|
58 |
|
33 |
|
45 |
|
47 |
|
14.6 |
% |
ARPU |
|
35 |
|
35 |
|
33 |
|
34 |
|
33 |
|
34 |
|
-2.9 |
% |
- Contract |
|
61 |
|
62 |
|
58 |
|
60 |
|
57 |
|
59 |
|
-3.3 |
% |
- Prepay |
|
12 |
|
11 |
|
11 |
|
12 |
|
11 |
|
11 |
|
-8.3 |
% |
Non-Voice % of ARPU |
|
9 |
% |
9 |
% |
9 |
% |
9 |
% |
10 |
% |
9 |
% |
0 |
%p |
Cash Capex (million) |
|
128 |
|
25 |
|
20 |
|
47 |
|
39 |
|
131 |
|
2.3 |
% |
Cash Contribution (million)(2) |
|
218 |
|
30 |
|
31 |
|
19 |
|
29 |
|
109 |
|
-50.0 |
% |
(1) Stake in Niedermeyer was sold with effect starting from January 1, 2004
(2) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
38
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
3,947 |
|
3,991 |
|
4,075 |
|
4,130 |
|
4,360 |
|
4,360 |
|
10.5 |
% |
- Contract |
|
889 |
|
947 |
|
1,003 |
|
1,050 |
|
1,105 |
|
1,105 |
|
24.3 |
% |
- Prepay |
|
3,058 |
|
3,044 |
|
3,072 |
|
3,080 |
|
3,255 |
|
3,255 |
|
6.4 |
% |
Net adds |
|
438 |
|
43 |
|
84 |
|
55 |
|
230 |
|
413 |
|
-5.7 |
% |
- Contract |
|
218 |
|
58 |
|
56 |
|
47 |
|
55 |
|
216 |
|
-0.9 |
% |
- Prepay |
|
220 |
|
-15 |
|
28 |
|
8 |
|
175 |
|
197 |
|
-10.5 |
% |
Average monthly churn |
|
1.0 |
% |
1.1 |
% |
0.9 |
% |
1.0 |
% |
0.9 |
% |
1.0 |
% |
0.0 |
%p |
- Contract |
|
0.5 |
% |
0.6 |
% |
0.6 |
% |
0.5 |
% |
0.7 |
% |
0.6 |
% |
0.1 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
757 |
|
186 |
|
203 |
|
213 |
|
225 |
|
827 |
|
9.2 |
% |
ARPU Revenue (million) |
|
707 |
|
173 |
|
194 |
|
202 |
|
204 |
|
773 |
|
9.3 |
% |
EBITDA (million) |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
7.1 |
% |
EBITDA margin (total rev.) |
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
-0.9 |
%p |
EBITDA margin (ARPU rev.) |
|
48.1 |
% |
49.7 |
% |
46.4 |
% |
50.5 |
% |
42.2 |
% |
47.1 |
% |
-1.0 |
%p |
SAC |
|
32 |
|
27 |
|
33 |
|
32 |
|
16 |
|
25 |
|
-21.9 |
% |
- Contract |
|
83 |
|
65 |
|
70 |
|
75 |
|
60 |
|
67 |
|
-19.3 |
% |
- Prepay |
|
18 |
|
11 |
|
18 |
|
15 |
|
6 |
|
11 |
|
-38.9 |
% |
ARPU |
|
16 |
|
15 |
|
16 |
|
16 |
|
16 |
|
16 |
|
0.0 |
% |
- Contract |
|
40 |
|
37 |
|
39 |
|
39 |
|
39 |
|
39 |
|
-2.5 |
% |
- Prepay |
|
10 |
|
8 |
|
9 |
|
9 |
|
8 |
|
8 |
|
-20.0 |
% |
Non-Voice % of ARPU |
|
20 |
% |
20 |
% |
19 |
% |
20 |
% |
20 |
% |
20 |
% |
0 |
%p |
Cash Capex (million) |
|
89 |
|
33 |
|
6 |
|
15 |
|
16 |
|
70 |
|
-21.3 |
% |
Cash Contribution (million)(1) |
|
251 |
|
53 |
|
84 |
|
87 |
|
70 |
|
294 |
|
17.1 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
39
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,987 |
|
2,109 |
|
2,224 |
|
2,253 |
|
2,261 |
|
2,261 |
|
13.8 |
% |
- Contract |
|
901 |
|
986 |
|
1,033 |
|
1,032 |
|
1,053 |
|
1,053 |
|
16.9 |
% |
- Prepay |
|
1,085 |
|
1,123 |
|
1,190 |
|
1,221 |
|
1,208 |
|
1,208 |
|
11.3 |
% |
Net adds |
|
550 |
|
123 |
|
114 |
|
29 |
|
8 |
|
274 |
|
-50.2 |
% |
- Contract |
|
258 |
|
85 |
|
47 |
|
-2 |
|
21 |
|
151 |
|
-41.5 |
% |
- Prepay |
|
292 |
|
38 |
|
67 |
|
31 |
|
-13 |
|
123 |
|
-57.9 |
% |
Average monthly churn |
|
2.6 |
% |
2.3 |
% |
2.1 |
% |
2.3 |
% |
3.0 |
% |
2.4 |
% |
-0.2 |
%p |
- Contract |
|
1.6 |
% |
1.8 |
% |
1.4 |
% |
1.7 |
% |
2.1 |
% |
1.7 |
% |
0.1 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
860 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
21.6 |
% |
ARPU Revenue (million) |
|
783 |
|
217 |
|
239 |
|
250 |
|
242 |
|
948 |
|
21.1 |
% |
EBITDA (million) |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
132.3 |
% |
EBITDA margin (total rev.) |
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
6.6 |
%p |
EBITDA margin (ARPU rev.) |
|
7.9 |
% |
1.4 |
% |
15.5 |
% |
23.2 |
% |
19.0 |
% |
15.2 |
% |
7.3 |
%p |
SAC |
|
146 |
|
237 |
|
164 |
|
114 |
|
186 |
|
180 |
|
23.3 |
% |
- Contract |
|
316 |
|
393 |
|
366 |
|
314 |
|
432 |
|
384 |
|
21.5 |
% |
- Prepay |
|
42 |
|
77 |
|
55 |
|
39 |
|
30 |
|
51 |
|
21.4 |
% |
ARPU |
|
38 |
|
35 |
|
37 |
|
37 |
|
36 |
|
36 |
|
-5.3 |
% |
- Contract |
|
66 |
|
62 |
|
65 |
|
67 |
|
65 |
|
65 |
|
-1.5 |
% |
- Prepay |
|
14 |
|
12 |
|
12 |
|
12 |
|
11 |
|
12 |
|
-14.3 |
% |
Non-Voice % of ARPU |
|
13 |
% |
13 |
% |
13 |
% |
13 |
% |
13 |
% |
13 |
% |
0 |
%p |
Cash Capex (million) |
|
161 |
|
15 |
|
17 |
|
26 |
|
50 |
|
108 |
|
-32.9 |
% |
Cash Contribution (million)(1) |
|
-99 |
|
-12 |
|
20 |
|
32 |
|
-4 |
|
36 |
|
n.a. |
|
(1) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
40
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
3,766 |
|
3,838 |
|
3,913 |
|
3,989 |
|
4,032 |
|
4,032 |
|
7.1 |
% |
- Contract |
|
982 |
|
1,012 |
|
1,053 |
|
1,112 |
|
1,163 |
|
1,163 |
|
18.4 |
% |
- Prepay |
|
2,784 |
|
2,826 |
|
2,860 |
|
2,877 |
|
2,869 |
|
2,869 |
|
3.1 |
% |
Net adds |
|
363 |
|
72 |
|
75 |
|
76 |
|
43 |
|
266 |
|
-26.7 |
% |
- Contract |
|
131 |
|
30 |
|
41 |
|
59 |
|
51 |
|
181 |
|
38.2 |
% |
- Prepay |
|
232 |
|
42 |
|
35 |
|
17 |
|
-9 |
|
85 |
|
-63.4 |
% |
Average monthly churn |
|
1.6 |
% |
0.8 |
% |
1.0 |
% |
1.7 |
% |
1.8 |
% |
1.3 |
% |
-0.3 |
%p |
- Contract |
|
1.0 |
% |
0.9 |
% |
0.9 |
% |
1.1 |
% |
1.0 |
% |
1.0 |
% |
0.0 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
999 |
|
235 |
|
266 |
|
274 |
|
274 |
|
1,049 |
|
5.0 |
% |
ARPU Revenue (million) |
|
899 |
|
215 |
|
237 |
|
244 |
|
245 |
|
941 |
|
4.7 |
% |
EBITDA (million) |
|
374 |
|
97 |
|
111 |
|
99 |
|
106 |
|
413 |
|
10.4 |
% |
EBITDA margin (total rev.) |
|
37.4 |
% |
41.3 |
% |
41.7 |
% |
36.1 |
% |
38.7 |
% |
39.4 |
% |
2.0 |
%p |
EBITDA margin (ARPU rev.) |
|
41.6 |
% |
45.1 |
% |
46.8 |
% |
40.6 |
% |
43.3 |
% |
43.9 |
% |
2.3 |
%p |
SAC |
|
49 |
|
40 |
|
42 |
|
48 |
|
37 |
|
42 |
|
-14.3 |
% |
- Contract |
|
81 |
|
75 |
|
73 |
|
85 |
|
71 |
|
76 |
|
-6.2 |
% |
- Prepay |
|
41 |
|
25 |
|
29 |
|
35 |
|
25 |
|
29 |
|
-29.3 |
% |
ARPU |
|
21 |
|
19 |
|
20 |
|
20 |
|
21 |
|
20 |
|
-4.8 |
% |
- Contract |
|
53 |
|
47 |
|
50 |
|
49 |
|
48 |
|
49 |
|
-7.5 |
% |
- Prepay |
|
11 |
|
9 |
|
10 |
|
10 |
|
10 |
|
9 |
|
-18.2 |
% |
Non-Voice % of ARPU |
|
11 |
% |
12 |
% |
11 |
% |
12 |
% |
13 |
% |
12 |
% |
1 |
%p |
Cash Capex (million) |
|
147 |
|
32 |
|
36 |
|
20 |
|
28 |
|
116 |
|
-21.1 |
% |
Cash Contribution (million)(1) |
|
227 |
|
65 |
|
75 |
|
79 |
|
78 |
|
297 |
|
30.8 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
41
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,340 |
|
1,354 |
|
1,380 |
|
1,428 |
|
1,534 |
|
1,534 |
|
14.5 |
% |
- Contract |
|
253 |
|
254 |
|
261 |
|
267 |
|
300 |
|
300 |
|
18.6 |
% |
- Prepay |
|
1,088 |
|
1,100 |
|
1,119 |
|
1,161 |
|
1,234 |
|
1,234 |
|
13.4 |
% |
Net adds |
|
98 |
|
14 |
|
26 |
|
49 |
|
105 |
|
194 |
|
98.0 |
% |
- Contract |
|
18 |
|
2 |
|
7 |
|
7 |
|
33 |
|
48 |
|
166.7 |
% |
- Prepay |
|
80 |
|
12 |
|
19 |
|
42 |
|
73 |
|
146 |
|
82.5 |
% |
Average monthly churn |
|
1.7 |
% |
1.4 |
% |
1.2 |
% |
0.8 |
% |
0.9 |
% |
1.1 |
% |
-0.6 |
%p |
- Contract |
|
2.3 |
% |
2.0 |
% |
1.6 |
% |
1.2 |
% |
1.1 |
% |
1.4 |
% |
-0.9 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
377 |
|
89 |
|
106 |
|
136 |
|
105 |
|
436 |
|
15.6 |
% |
ARPU Revenue (million) |
|
350 |
|
84 |
|
98 |
|
129 |
|
95 |
|
406 |
|
16.0 |
% |
EBITDA (million) |
|
160 |
|
37 |
|
50 |
|
79 |
|
27 |
|
193 |
|
20.6 |
% |
EBITDA margin (total rev.) |
|
42.4 |
% |
41.6 |
% |
47.2 |
% |
58.1 |
% |
25.7 |
% |
44.3 |
% |
1.9 |
%p |
EBITDA margin (ARPU rev.) |
|
45.7 |
% |
44.0 |
% |
51.0 |
% |
61.2 |
% |
28.4 |
% |
47.5 |
% |
1.8 |
%p |
SAC |
|
53 |
|
57 |
|
64 |
|
51 |
|
96 |
|
72 |
|
35.8 |
% |
- Contract |
|
58 |
|
105 |
|
115 |
|
79 |
|
158 |
|
126 |
|
117.2 |
% |
- Prepay |
|
52 |
|
41 |
|
47 |
|
45 |
|
71 |
|
54 |
|
3.8 |
% |
ARPU |
|
22 |
|
21 |
|
24 |
|
31 |
|
21 |
|
24 |
|
9.1 |
% |
- Contract |
|
72 |
|
59 |
|
71 |
|
104 |
|
60 |
|
73 |
|
1.4 |
% |
- Prepay |
|
11 |
|
12 |
|
13 |
|
14 |
|
12 |
|
13 |
|
18.2 |
% |
Non-Voice % of ARPU |
|
13 |
% |
17 |
% |
15 |
% |
12 |
% |
17 |
% |
15 |
% |
2 |
%p |
Cash Capex (million) |
|
55 |
|
4 |
|
15 |
|
4 |
|
15 |
|
38 |
|
-30.9 |
% |
Cash Contribution (million)(1) |
|
105 |
|
33 |
|
35 |
|
75 |
|
12 |
|
155 |
|
47.6 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
42
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,613 |
|
1,685 |
|
1,740 |
|
1,807 |
|
1,915 |
|
1,915 |
|
18.7 |
% |
- Contract |
|
460 |
|
490 |
|
517 |
|
563 |
|
647 |
|
647 |
|
40.7 |
% |
- Prepay |
|
1,154 |
|
1,195 |
|
1,223 |
|
1,244 |
|
1,267 |
|
1,267 |
|
9.8 |
% |
Net adds |
|
315 |
|
71 |
|
56 |
|
67 |
|
108 |
|
301 |
|
-4.4 |
% |
- Contract |
|
153 |
|
30 |
|
27 |
|
46 |
|
84 |
|
188 |
|
22.9 |
% |
- Prepay |
|
162 |
|
41 |
|
28 |
|
21 |
|
23 |
|
113 |
|
-30.2 |
% |
Average monthly churn |
|
1.3 |
% |
1.4 |
% |
1.2 |
% |
1.4 |
% |
1.6 |
% |
1.4 |
% |
0.1 |
%p |
- Contract |
|
0.9 |
% |
0.8 |
% |
0.9 |
% |
0.8 |
% |
1.0 |
% |
0.9 |
% |
0.0 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
271 |
|
75 |
|
80 |
|
85 |
|
91 |
|
332 |
|
22.5 |
% |
ARPU Revenue (million) |
|
240 |
|
68 |
|
73 |
|
79 |
|
83 |
|
303 |
|
26.3 |
% |
EBITDA (million) |
|
107 |
|
32 |
|
34 |
|
34 |
|
23 |
|
123 |
|
15.0 |
% |
EBITDA margin (total rev.) |
|
39.6 |
% |
43.0 |
% |
42.0 |
% |
39.8 |
% |
25.1 |
% |
37.0 |
% |
-2.6 |
%p |
EBITDA margin (ARPU rev.) |
|
44.7 |
% |
47.1 |
% |
46.1 |
% |
43.1 |
% |
27.7 |
% |
40.5 |
% |
-4.2 |
%p |
SAC |
|
33 |
|
28 |
|
28 |
|
35 |
|
41 |
|
34 |
|
3.0 |
% |
- Contract |
|
109 |
|
99 |
|
116 |
|
141 |
|
120 |
|
119 |
|
9.2 |
% |
- Prepay |
|
7 |
|
5 |
|
6 |
|
6 |
|
8 |
|
6 |
|
-14.3 |
% |
ARPU |
|
14 |
|
14 |
|
14 |
|
15 |
|
15 |
|
14 |
|
0.0 |
% |
- Contract |
|
35 |
|
34 |
|
35 |
|
35 |
|
34 |
|
34 |
|
-2.9 |
% |
- Prepay |
|
6 |
|
6 |
|
6 |
|
6 |
|
6 |
|
6 |
|
0.0 |
% |
Non-Voice % of ARPU |
|
11 |
% |
13 |
% |
13 |
% |
13 |
% |
15 |
% |
13 |
% |
2 |
%p |
Cash Capex (million) |
|
74 |
|
15 |
|
17 |
|
28 |
|
20 |
|
81 |
|
9.5 |
% |
Cash Contribution (million)(2) |
|
33 |
|
17 |
|
17 |
|
6 |
|
3 |
|
42 |
|
27.3 |
% |
(1) Fully consolidated as of Q1/05
(2) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
43
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
524 |
|
565 |
|
623 |
|
693 |
|
752 |
|
752 |
|
43.5 |
% |
- Contract |
|
99 |
|
102 |
|
107 |
|
113 |
|
119 |
|
119 |
|
20.2 |
% |
- Prepay |
|
425 |
|
463 |
|
516 |
|
580 |
|
634 |
|
634 |
|
49.2 |
% |
Net adds |
|
157 |
|
42 |
|
58 |
|
70 |
|
59 |
|
229 |
|
45.9 |
% |
- Contract |
|
7 |
|
3 |
|
5 |
|
7 |
|
5 |
|
20 |
|
185.7 |
% |
- Prepay |
|
151 |
|
38 |
|
53 |
|
63 |
|
54 |
|
209 |
|
38.4 |
% |
Average monthly churn |
|
0.7 |
% |
0.9 |
% |
0.9 |
% |
0.8 |
% |
1.3 |
% |
1.0 |
% |
0.3 |
%p |
- Contract |
|
1.4 |
% |
1.2 |
% |
0.8 |
% |
0.8 |
% |
0.9 |
% |
0.9 |
% |
-0.5 |
%p |
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
122 |
|
30 |
|
35 |
|
36 |
|
34 |
|
135 |
|
10.7 |
% |
ARPU Revenue (million) |
|
115 |
|
28 |
|
29 |
|
34 |
|
30 |
|
121 |
|
5.2 |
% |
EBITDA (million) |
|
68 |
|
16 |
|
19 |
|
19 |
|
17 |
|
71 |
|
4.4 |
% |
EBITDA margin (total rev.) |
|
55.7 |
% |
53.3 |
% |
54.3 |
% |
52.8 |
% |
50.0 |
% |
52.6 |
% |
-3.1 |
%p |
EBITDA margin (ARPU rev.) |
|
59.1 |
% |
57.1 |
% |
65.5 |
% |
55.9 |
% |
56.7 |
% |
58.7 |
% |
-0.4 |
%p |
SAC |
|
27 |
|
19 |
|
20 |
|
18 |
|
22 |
|
20 |
|
-25.9 |
% |
- Contract |
|
na |
|
21 |
|
27 |
|
36 |
|
41 |
|
32 |
|
n.a. |
|
- Prepay |
|
na |
|
19 |
|
20 |
|
16 |
|
20 |
|
19 |
|
n.a. |
|
ARPU |
|
na |
|
17 |
|
16 |
|
17 |
|
14 |
|
16 |
|
n.a. |
|
- Contract |
|
na |
|
45 |
|
43 |
|
48 |
|
39 |
|
44 |
|
n.a. |
|
- Prepay |
|
na |
|
11 |
|
11 |
|
11 |
|
9 |
|
10 |
|
n.a. |
|
Non-Voice % of ARPU |
|
na |
|
11 |
% |
11 |
% |
10 |
% |
11 |
% |
11 |
% |
n.a. |
|
Cash Capex (million) |
|
34 |
|
1 |
|
5 |
|
2 |
|
1 |
|
9 |
|
-73.5 |
% |
Cash Contribution (million)(1) |
|
34 |
|
15 |
|
14 |
|
17 |
|
16 |
|
62 |
|
82.4 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
44
Key operating and financial data.
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
13,128 |
|
14,303 |
|
15,394 |
|
16,295 |
|
17,314 |
|
17,314 |
|
31.9 |
% |
- Contract |
|
11,696 |
|
12,784 |
|
13,720 |
|
14,528 |
|
15,341 |
|
15,341 |
|
31.2 |
% |
- Prepay |
|
1,432 |
|
1,519 |
|
1,674 |
|
1,767 |
|
1,973 |
|
1,973 |
|
37.8 |
% |
Net adds |
|
3,212 |
|
1,175 |
|
1,091 |
|
901 |
|
1,019 |
|
4,186 |
|
30.3 |
% |
- Contract |
|
3,135 |
|
1,088 |
|
936 |
|
808 |
|
813 |
|
3,645 |
|
16.3 |
% |
- Prepay |
|
77 |
|
87 |
|
155 |
|
93 |
|
206 |
|
541 |
|
602.6 |
% |
Average monthly churn |
|
3.1 |
% |
3.0 |
% |
2.8 |
% |
3.0 |
% |
3.1 |
% |
3.0 |
% |
-0.1 |
%p |
- Contract |
|
2.5 |
% |
2.6 |
% |
2.4 |
% |
2.6 |
% |
2.6 |
% |
2.6 |
% |
0.1 |
%p |
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
7,363 |
|
2,053 |
|
2,317 |
|
2,458 |
|
2,450 |
|
9,278 |
|
26.0 |
% |
ARPU Revenue (million) |
|
6,161 |
|
1,697 |
|
1,971 |
|
2,059 |
|
2,038 |
|
7,765 |
|
26.0 |
% |
EBITDA (million) |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
55.3 |
% |
EBITDA margin (total rev.) |
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
4.2 |
%p |
EBITDA margin (ARPU rev.) |
|
21.5 |
% |
21.7 |
% |
28.1 |
% |
30.4 |
% |
25.0 |
% |
26.5 |
% |
5.0 |
%p |
SAC |
|
187 |
|
177 |
|
159 |
|
149 |
|
156 |
|
160 |
|
-14.4 |
% |
- Contract |
|
211 |
|
197 |
|
178 |
|
167 |
|
180 |
|
181 |
|
-14.2 |
% |
- Prepay |
|
71 |
|
74 |
|
73 |
|
67 |
|
72 |
|
72 |
|
1.4 |
% |
ARPU |
|
45 |
|
41 |
|
44 |
|
43 |
|
41 |
|
42 |
|
-6.7 |
% |
- Contract |
|
47 |
|
43 |
|
46 |
|
46 |
|
43 |
|
45 |
|
-4.3 |
% |
- Prepay |
|
30 |
|
25 |
|
26 |
|
23 |
|
23 |
|
24 |
|
-20.0 |
% |
Non-Voice % of ARPU |
|
3 |
% |
4 |
% |
5 |
% |
5 |
% |
6 |
% |
5 |
% |
66.7 |
% |
Cash Capex (million) |
|
1,736 |
|
508 |
|
362 |
|
341 |
|
322 |
|
1,533 |
|
-11.7 |
% |
Cash Capex (million, incl. JV)(1) |
|
1,974 |
|
627 |
|
466 |
|
549 |
|
414 |
|
2,056 |
|
4.2 |
% |
Cash Contribution (million)(2) |
|
-412 |
|
-139 |
|
191 |
|
284 |
|
187 |
|
523 |
|
n.a. |
|
Cash Contribution (million, incl. |
|
-650 |
|
-258 |
|
87 |
|
76 |
|
95 |
|
0 |
|
n.a. |
|
(1) incl. investments in California network JV
(2) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
45
T-Mobile USA (IFRS).
Key financial data in US$(1).
US$ |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
8,321 |
|
2,568 |
|
2,790 |
|
3,004 |
|
3,176 |
|
11,538 |
|
38.7 |
% |
Service Revenue (million) |
|
6,962 |
|
2,123 |
|
2,373 |
|
2,516 |
|
2,643 |
|
9,655 |
|
38.7 |
% |
EBITDA (million) |
|
1,496 |
|
462 |
|
667 |
|
764 |
|
660 |
|
2,553 |
|
70.7 |
% |
EBITDA margin (total rev.) |
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
4.2 |
%p |
EBITDA margin (ARPU rev.) |
|
21.5 |
% |
21.7 |
% |
28.1 |
% |
30.4 |
% |
25.0 |
% |
26.5 |
% |
5.0 |
%p |
SAC |
|
211 |
|
222 |
|
192 |
|
182 |
|
202 |
|
199 |
|
-5.7 |
% |
- Contract |
|
239 |
|
246 |
|
215 |
|
204 |
|
233 |
|
225 |
|
-5.9 |
% |
- Prepay |
|
80 |
|
93 |
|
88 |
|
81 |
|
94 |
|
89 |
|
11.3 |
% |
ARPU |
|
51 |
|
52 |
|
53 |
|
53 |
|
53 |
|
53 |
|
3.9 |
% |
- Contract |
|
53 |
|
54 |
|
56 |
|
56 |
|
56 |
|
55 |
|
3.8 |
% |
- Prepay |
|
34 |
|
31 |
|
31 |
|
29 |
|
29 |
|
30 |
|
-11.8 |
% |
Non-Voice % of ARPU |
|
3 |
% |
4 |
% |
5 |
% |
5 |
% |
6 |
% |
5 |
% |
2 |
%p |
Cash Capex (million) |
|
1,963 |
|
659 |
|
458 |
|
440 |
|
457 |
|
2,014 |
|
2.6 |
% |
Cash Capex (million, incl. JV)(1) |
|
2,232 |
|
808 |
|
583 |
|
694 |
|
576 |
|
2,661 |
|
19.2 |
% |
Cash Contribution (million)(2) |
|
-467 |
|
-197 |
|
209 |
|
324 |
|
203 |
|
539 |
|
n.a. |
|
Cash Contribution (million, incl. JV)(1),(2) |
|
-736 |
|
-346 |
|
84 |
|
70 |
|
84 |
|
-108 |
|
85.3 |
% |
(1) incl. investments in California network JV
(2) Defined as adj. EBITDA minus Cash Capex
Unaudited and preliminary Figures
46
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
47
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
48
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
49
Content |
|
|
|
|
|
|
|
|
|
|
|
|
For further information on services, solutions, customers and divisional management see
www.t-systems.de
T-Systems adjusted for special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
EBITDA |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
10.5 |
% |
EBITDA margin |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
1.2 |
%p |
Depreciation and amortization |
|
-1,066 |
|
-232 |
|
-243 |
|
-234 |
|
-238 |
|
-947 |
|
11.2 |
% |
Financial income/ expense, net(1) |
|
-515 |
|
-166 |
|
-24 |
|
-173 |
|
-26 |
|
-389 |
|
24.5 |
% |
Income before taxes = EBT |
|
-99 |
|
-4 |
|
159 |
|
46 |
|
101 |
|
302 |
|
n.m. |
|
Capex |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
50
EBITDA reconciliation in T-Systems.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
3,441 |
|
12,937 |
|
12,957 |
|
|
Income before taxes = EBT |
|
31 |
|
-49 |
|
181 |
|
|
= |
EBT |
|
31 |
|
-49 |
|
181 |
|
|
- Special influences affecting EBT |
|
-70 |
|
50 |
|
-121 |
|
|
= Adj. EBT |
|
101 |
|
-99 |
|
302 |
|
- |
Financial income/ expense, net(1) |
|
-26 |
|
-515 |
|
-389 |
|
- |
Depreciation and amortization |
|
-238 |
|
-1,066 |
|
-947 |
|
= |
EBITDA |
|
295 |
|
1,532 |
|
1,517 |
|
|
EBITDA margin |
|
8.6 |
% |
11.8 |
% |
11.7 |
% |
- |
Special influences affecting EBITDA |
|
-70 |
|
50 |
|
-121 |
|
= |
Adj. EBITDA |
|
365 |
|
1,482 |
|
1,638 |
|
|
Adj. EBITDA margin |
|
10.6 |
% |
11.5 |
% |
12.6 |
% |
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
52
T-Systems unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
% |
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
0.2 |
% |
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
-0.3 |
% |
EBITDA |
|
1,532 |
|
390 |
|
383 |
|
448 |
|
295 |
|
1,517 |
|
-1.0 |
% |
-1.0 |
% |
EBITDA margin |
|
11.8 |
% |
12.7 |
% |
11.7 |
% |
14.1 |
% |
8.6 |
% |
11.7 |
% |
-0.1 |
%p |
|
|
Depreciation and amortization |
|
-1,066 |
|
-232 |
|
-243 |
|
-234 |
|
-238 |
|
-947 |
|
11.2 |
% |
11.2 |
% |
Financial income/ expense, net(1) |
|
-515 |
|
-166 |
|
-24 |
|
-173 |
|
-26 |
|
-389 |
|
24.5 |
% |
24.5 |
% |
Income before taxes = EBT |
|
-49 |
|
-7 |
|
116 |
|
41 |
|
31 |
|
181 |
|
n.m. |
|
n.a. |
|
(1) The at-equity consolidated stake in Toll Collect has been shifted from T-Com to T-Systems [Q2/2004: 1st of April]. Previous quarters have been adjusted.
Unaudited and preliminary Figures
53
Special influences affecting T-Systems.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
50 |
|
-3 |
|
-43 |
|
-5 |
|
-70 |
|
-121 |
|
- of which gain of sale of Siris |
|
19 |
|
|
|
|
|
|
|
|
|
|
|
- of which gain of sale of Telecash |
|
106 |
|
|
|
|
|
|
|
|
|
|
|
- of which loss on sale of Multilink and T-Systems CS (Switzerland) |
|
-58 |
|
|
|
|
|
|
|
|
|
|
|
- of which restructuring provisions |
|
-7 |
|
-3 |
|
|
|
|
|
-53 |
|
-56 |
|
- of which transfer payment Vivento |
|
-10 |
|
|
|
-43 |
|
-14 |
|
-17 |
|
-74 |
|
- of whichgain of sale of cc-chemplorer |
|
|
|
|
|
|
|
9 |
|
|
|
9 |
|
Effect on Income before taxes = EBT |
|
50 |
|
-3 |
|
-43 |
|
-5 |
|
-70 |
|
-121 |
|
Unaudited and preliminary Figures
54
T-Systems.
Summary Enterprise Services and Business Services.
Enterprise Services
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
8,235 |
|
1,907 |
|
2,102 |
|
2,039 |
|
2,200 |
|
8,248 |
|
0.2 |
% |
Adj. EBITDA |
|
1,422 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
-11.0 |
% |
Adj. EBITDA margin |
|
17.3 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
-1.9 |
%p |
Capex |
|
768 |
|
114 |
|
171 |
|
159 |
|
257 |
|
701 |
|
-8.7 |
% |
Cash contribution |
|
654 |
|
205 |
|
157 |
|
210 |
|
-8 |
|
564 |
|
-13.8 |
% |
Headcount (average number) |
|
36,554 |
|
35,110 |
|
35,520 |
|
35,860 |
|
35,626 |
|
35,529 |
|
-2.8 |
% |
Business Services
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
4,702 |
|
1,168 |
|
1,170 |
|
1,129 |
|
1,242 |
|
4,709 |
|
0.1 |
% |
Adj. EBITDA |
|
60 |
|
74 |
|
99 |
|
84 |
|
116 |
|
373 |
|
521.7 |
% |
Adj. EBITDA margin |
|
1.3 |
% |
6.3 |
% |
8.5 |
% |
7.4 |
% |
9.2 |
% |
7.8 |
% |
6.6 |
%p |
Capex |
|
166 |
|
25 |
|
51 |
|
42 |
|
50 |
|
167 |
|
0.6 |
% |
Cash contribution |
|
-106 |
|
49 |
|
48 |
|
42 |
|
-64 |
|
75 |
|
n.a. |
|
Headcount (average number) |
|
17,836 |
|
17,247 |
|
17,210 |
|
15,734 |
|
15,606 |
|
15,449 |
|
-13.4 |
% |
Unaudited and preliminary Figures
55
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Notes.
Unaudited and preliminary Figures
56
Blank Page - left blank to optimize double-sided printout with 2 slides per page.
Notes.
Unaudited and preliminary Figures
57
Content
|
|
|
|
|
|
|
Group Headquarters & Shared Services
adjusted for special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Net revenue |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
EBITDA |
|
-503 |
|
-87 |
|
-165 |
|
-22 |
|
-274 |
|
-548 |
|
-8.9 |
% |
- of which Vivento |
|
0 |
|
-175 |
|
-272 |
|
-148 |
|
-199 |
|
-794 |
|
n.a. |
|
EBITDA margin |
|
-15.4 |
% |
-10.0 |
% |
-18.7 |
% |
-2.5 |
% |
-30.8 |
% |
-15.5 |
% |
-0.1 |
%p |
Depreciation and amortization |
|
-771 |
|
-204 |
|
-196 |
|
-237 |
|
-239 |
|
-876 |
|
-13.6 |
% |
Financial income/expense, net |
|
-3,487 |
|
-812 |
|
-743 |
|
-666 |
|
-725 |
|
-2,946 |
|
15.5 |
% |
Income before taxes = EBT |
|
-4,761 |
|
-1,103 |
|
-1,104 |
|
-925 |
|
-1,238 |
|
-4,370 |
|
8.2 |
% |
Cash capex |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Unaudited and preliminary Figures
59
in Group Headquarters & Shared Services.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
891 |
|
3,271 |
|
3,526 |
|
|
Income before taxes = EBT |
|
-1,111 |
|
-4,495 |
|
-4,120 |
|
|
- |
Financial income/expense, net |
|
-559 |
|
-3,328 |
|
-2,688 |
|
- |
Depreciation and amortization |
|
-239 |
|
-771 |
|
-876 |
|
= |
EBITDA |
|
-313 |
|
-396 |
|
-556 |
|
|
EBITDA margin |
|
-35.1 |
% |
-12.1 |
% |
-15.8 |
% |
- |
Special influences affecting EBITDA |
|
-39 |
|
107 |
|
-8 |
|
= |
Adj. EBITDA |
|
-274 |
|
-503 |
|
-548 |
|
|
Adj. EBITDA margin |
|
-30.8 |
% |
-15.4 |
% |
-15.5 |
% |
Unaudited and preliminary Figures
60
Group Headquarters & Shared Services
unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Net revenue |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
EBITDA |
|
-396 |
|
-120 |
|
-122 |
|
-1 |
|
-313 |
|
-556 |
|
-40.4 |
% |
- of which Vivento |
|
0 |
|
-208 |
|
-229 |
|
-117 |
|
-185 |
|
-739 |
|
n.a. |
|
EBITDA margin |
|
-12.1 |
% |
-13.9 |
% |
-13.8 |
% |
-0.1 |
% |
-35.1 |
% |
-15.8 |
% |
-3.7 |
%p |
Depreciation and amortization |
|
-771 |
|
-204 |
|
-196 |
|
-237 |
|
-239 |
|
-876 |
|
-13.6 |
% |
Financial income/ expense, net |
|
-3,328 |
|
-812 |
|
-651 |
|
-666 |
|
-559 |
|
-2,688 |
|
19.2 |
% |
Income before taxes = EBT |
|
-4,495 |
|
-1,136 |
|
-969 |
|
-904 |
|
-1,111 |
|
-4,120 |
|
8 |
% |
Unaudited and preliminary Figures
61
Special influences affecting
Headquarters & Shared Services.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
107 |
|
-33 |
|
43 |
|
21 |
|
-39 |
|
-8 |
|
- of which transfer payment Vivento |
|
131 |
|
|
|
43 |
|
21 |
|
19 |
|
83 |
|
- Accrual |
|
|
|
|
|
|
|
|
|
-51 |
|
-51 |
|
- Accruals for reduction of personnel |
|
-24 |
|
-33 |
|
|
|
|
|
-7 |
|
-40 |
|
Effects on Income before taxes = EBT |
|
266 |
|
-33 |
|
135 |
|
21 |
|
127 |
|
250 |
|
Unaudited and preliminary Figures
62
Glossary for Non-GAAP figures.
If not stated otherwise all numbers comply with the International Financial Reporting Standards (IFRS). The non-GAAP figures contained in this presentation,
such as... |
|
which is defined as... |
EBIT |
|
Abreviation for EARNINGS BEFORE INTEREST AND TAXES. EBIT is equivalent to the P&L-line Operating Results. |
Adj. EBIT |
|
EBIT adjusted for special influences. |
EBT |
|
Abreviation for EARNINGS BEFORE TAXES. EBT is equivalent to the P&L-line Income before taxes. |
Adj. EBT |
|
EBT adjusted for special influences. |
EBITDA |
|
Abreviation for EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION. EBITDA is equivalent to EBIT minus Depreciation and Amortisation. Depreciation and Amortisation is not a line in the P&L but provided as Other disclosure. |
Adj. EBITDA |
|
EBITDA adjusted for special influences. |
Adj. Net income/loss |
|
Net income/loss adjusted for special influences. |
Special influences |
|
Special influences impair the comparability of the results with previous periods. Details on the special influences are given for for the group and each division. |
Cash capex |
|
Amout of payouts for tangible and intangible assets excluding goodwill. |
Cash contribution |
|
EBITDA minus capex. |
Free cash flow |
|
Net cash provided by operating activities minus capex. |
Gross debt |
|
Gross debt is the basis for total net interest expense incurred and contains debt in accordance with the consolidated balance sheet, liabilities to non-banks from loan notes, cash collateral received for positive fair values from derivatives, and necessary settlement amounts for interest rate and cross currency swaps for loans taken out in foreign currencies. |
Net debt |
|
Gross debt minus liquid assets, minus investments in noncurrent securities and in marketable securities, minus discounts on loans minus cash collateral paid for negative fair values from derivatives and necessary settlement amounts for interest rate and cross currency swaps for loans taken out in foreign currencies. |
ARPU |
|
Abreviation for AVERAGE REVENUE PER USER. Calculation: Service fee, as well as voice, non voice, roaming and visitor revenues divided by the average number of customers in the period. Visitor revenues are allocated exclusivly to contract customers. Activation charges, virtual network operator revenues and other operating revenue are not included. |
SAC |
|
Abreviation for SUBSCRIBER AQUISITION COSTS. Calculation: Customer acquisition costs divided by the number of gross customers added durring the respective period. |
CPGA |
|
Abreviation for COST PER GROSS ADD. Calculation: customer acquisition costs plus the subsidy loss on customer acquisition related to equipment sales, divided by the number of gross customers added during the respective period. |
CCPU |
|
Abreviation for CASH COST PER USER. Calculation: including all network and general and administrative costs divided by the average number of customers during the respective period. |
These and the other non-GAAP figures used by Deutsche Telekom should not be viewed as a substitute for our GAAP figures. Our non-GAAP measures may not be comparable to non-GAAP measures used by other companies. To interpret our major non-GAAP measures, please refer to the information contained in these materials and the chapter Reconciliation to pro forma figures in the anual and interim reports or the reconciliation to pro forma figures posted on Deutsche Telekoms Investor relations website.
Unaudited and preliminary Figures
63
Content.
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Group |
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FX-rate AVERAGE |
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FX-rate END OF PERIOD |
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T-Mobile |
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T-Systems |
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GHS EBITDA recon. |
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NEW Backup FY 2004.
Please be aware, that this excel file is an abriged backup version. The complete backup is provided in .pdf format and contains additional information on slide number ....
This excel file, the complete backup, the presentation and the audio webcast can be downloaded from the Investor Relations site on the internet at www.Telekom.de or www.deutschetelekom.com.
For further information on the divisions please refer to: |
||||||||
www.telekom.de |
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www.t-com.de |
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www.t-mobile.de |
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www.t-systems.com |
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www.t-online.de |
Investor Relations, Bonn office |
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Investor Relations, New York office |
||
Phone |
+49 228 181 - 8 88 80 |
Phone |
+1 212 424 2926 |
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Fax |
+49 228 181 - 8 88 99 |
Phone |
+ 1 877 DT SHARE (toll-free) |
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investor.relations@telekom.de |
Fax |
+1 212 424 2986 |
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investor.relations@usa.telekom.de |
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If not stated otherwise all numbers comply with the International Financial Reporting Standards (IFRS). The non-GAAP figures contained in this presentation,
such as... |
|
which is defined as... |
EBIT |
|
Abreviation for EARNINGS BEFORE INTEREST AND TAXES. EBIT is equivalent to the P&L-line Operating Results. |
Adj. EBIT |
|
EBIT adjusted for special influences. |
EBT |
|
Abreviation for EARNINGS BEFORE TAXES. EBT is equivalent to the P&L-line Income before taxes. |
Adj. EBT |
|
EBT adjusted for special influences. |
EBITDA |
|
Abreviation for EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION. EBITDA is equivalent to EBIT minus Depreciation and Amortisation. Depreciation and Amortisation is not a line in the P&L but provided as Other disclosure. |
Adj. EBITDA |
|
EBITDA adjusted for special influences. |
Adj. Net income/loss |
|
Net income/loss adjusted for special influences. |
Special influences |
|
Special influences impair the comparability of the results with previous periods. Details on the special influences are given for for the group and each division. |
Cash capex |
|
Amout of payouts for tangible and intangible assets excluding goodwill. |
Cash contribution |
|
EBITDA minus capex. |
Free cash flow |
|
Net cash provided by operating activities minus capex. |
Gross debt |
|
Gross debt is the basis for total net interest expense incurred and contains debt in accordance with the consolidated balance sheet, liabilities to non-banks from loan notes, cash collateral received for positive fair values from derivatives, and necessary settlement amounts for interest rate and cross currency swaps for loans taken out in foreign currencies. |
Net debt |
|
Gross debt minus liquid assets, minus investments in noncurrent securities and in marketable securities, minus discounts on loans minus cash collateral paid for negative fair values from derivatives and necessary settlement amounts for interest rate and cross currency swaps for loans taken out in foreign currencies. |
ARPU |
|
Abreviation for AVERAGE REVENUE PER USER. Calculation: Service fee, as well as voice, non voice, roaming and visitor revenues divided by the average number of customers in the period. Visitor revenues are allocated exclusivly to contract customers. Activation charges, virtual network operator revenues and other operating revenue are not included. |
SAC |
|
Abreviation for SUBSCRIBER AQUISITION COSTS. Calculation: Customer acquisition costs divided by the number of gross customers added durring the respective period. |
CPGA |
|
Abreviation for COST PER GROSS ADD. Calculation: customer acquisition costs plus the subsidy loss on customer acquisition related to equipment sales, divided by the number of gross customers added during the respective period. |
CCPU |
|
Abreviation for CASH COST PER USER. Calculation: including all network and general and administrative costs divided by the average number of customers during the respective period. |
These and the other non-GAAP figures used by Deutsche Telekom should not be viewed as a substitute for our GAAP figures. Our non-GAAP measures may not be comparable to non-GAAP measures used by other companies. To interpret our major non-GAAP measures, please refer to the information contained in these materials and the chapter Reconciliation to pro forma figures in the anual and interim reports or the reconciliation to pro forma figures posted on Deutsche Telekoms Investor relations website.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
T-Mobile |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
T-Systems |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
GHS |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Reconciliation |
|
-13,198 |
|
-3,264 |
|
-3,235 |
|
-3,226 |
|
-2,935 |
|
-12,660 |
|
4.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
T-Mobile |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
T-Systems |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
GHS |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
Group |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA excluding special influences |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadband/Fixedline |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
-2.3 |
% |
T-Com |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
-3.9 |
% |
T-Online |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
47.3 |
% |
T-Mobile |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
16.6 |
% |
T-Systems |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
10.5 |
% |
GHS |
|
-503 |
|
-87 |
|
-165 |
|
-22 |
|
-274 |
|
-548 |
|
-8.9 |
% |
Reconciliation |
|
-17 |
|
-49 |
|
-42 |
|
-7 |
|
58 |
|
-41 |
|
-141.2 |
% |
Group |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
5.6 |
% |
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
EBITDA Margin excluding special influences |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Broadband/Fixedline |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
2.4 |
% |
T-Com |
|
37.2 |
% |
37.7 |
% |
37.7 |
% |
37.7 |
% |
38.8 |
% |
38.0 |
% |
2.1 |
% |
T-Online |
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
35.5 |
% |
T-Mobile |
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
6.3 |
% |
T-Systems |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
10.4 |
% |
GHS |
|
-15.4 |
% |
-10.0 |
% |
-18.7 |
% |
-2.5 |
% |
-30.8 |
% |
-15.5 |
% |
-1.1 |
% |
Group |
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
2.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-Mobile |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
GHS |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Group |
|
6,362 |
|
1,353 |
|
1,575 |
|
1,480 |
|
2,002 |
|
6,410 |
|
0.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
excl. special influences |
|
1,937 |
|
632 |
|
577 |
|
-1,359 |
|
1,714 |
|
1,564 |
|
-19.3 |
% |
incl. Special influences |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
60.9 |
% |
Free-Cash-Flow |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
18.6 |
% |
Net Debt (billion) |
|
50,725 |
|
48,883 |
|
47,317 |
|
44,667 |
|
39,592 |
|
39,592 |
|
-21.9 |
% |
DT Group P&L.
Adjusted for specials influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net revenue |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
Cost of Sales |
|
-29,347 |
|
-7,219 |
|
-7,618 |
|
-7,514 |
|
-7,872 |
|
-30,223 |
|
3.0 |
% |
Gross profit/loss from sales |
|
26,156 |
|
6,671 |
|
6,759 |
|
6,839 |
|
6,868 |
|
27,137 |
|
3.8 |
% |
Selling Costs |
|
-12,742 |
|
-3,207 |
|
-3,072 |
|
-3,031 |
|
-3,503 |
|
-12,813 |
|
0.6 |
% |
General administrative costs |
|
-4,515 |
|
-1,034 |
|
-1,148 |
|
-1,002 |
|
-1,184 |
|
-4,368 |
|
-3.3 |
% |
Other operating income |
|
1,851 |
|
361 |
|
398 |
|
396 |
|
479 |
|
1,634 |
|
-11.7 |
% |
Other operating expenses |
|
-1,508 |
|
-306 |
|
-375 |
|
-331 |
|
-380 |
|
-1,392 |
|
-7.7 |
% |
Operating results = EBIT |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
10.3 |
% |
EBIT margin |
|
16.7 |
% |
17.9 |
% |
17.8 |
% |
20.0 |
% |
15.5 |
% |
17.8 |
% |
1.1 |
%p |
Financial income/expense, net |
|
-4,878 |
|
-1,224 |
|
-788 |
|
-1,024 |
|
-937 |
|
-3,973 |
|
-18.6 |
% |
of which: net interest expense |
|
-3,880 |
|
-937 |
|
-919 |
|
-860 |
|
-780 |
|
-3,496 |
|
-9.9 |
% |
Income before taxes = EBT |
|
4,364 |
|
1,261 |
|
1,774 |
|
1,847 |
|
1,343 |
|
6,225 |
|
42.6 |
% |
Income taxes |
|
-1,634 |
|
-440 |
|
-430 |
|
-560 |
|
-657 |
|
-2,087 |
|
27.7 |
% |
Income/loss after taxes |
|
2,730 |
|
821 |
|
1,344 |
|
1,287 |
|
686 |
|
4,138 |
|
51.6 |
% |
Income/losses applicable to minority shareholders |
|
-457 |
|
-130 |
|
-122 |
|
-135 |
|
-94 |
|
-481 |
|
5.3 |
% |
Net income/loss |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
60.9 |
% |
Depreciation and amortization |
|
-9,330 |
|
-2,190 |
|
-2,361 |
|
-2,422 |
|
-2,446 |
|
-9,419 |
|
1.0 |
% |
EBITDA |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
5.6 |
% |
EBITDA margin |
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
0.7 |
%p |
DT Group P&L.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net revenue |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
3.3 |
% |
Cost of Sales |
|
-29,369 |
|
-7,219 |
|
-8,971 |
|
-7,515 |
|
-7,854 |
|
-31,559 |
|
7.5 |
% |
Gross profit/loss from sales |
|
26,134 |
|
6,671 |
|
5,406 |
|
6,838 |
|
6,886 |
|
25,801 |
|
-1.3 |
% |
Selling Costs |
|
-12,747 |
|
-3,207 |
|
-3,072 |
|
-3,032 |
|
-3,526 |
|
-12,837 |
|
0.7 |
% |
General administrative costs |
|
-4,596 |
|
-1,034 |
|
-1,148 |
|
-1,016 |
|
-1,307 |
|
-4,505 |
|
-2.0 |
% |
Other operating income |
|
2,359 |
|
361 |
|
473 |
|
405 |
|
479 |
|
1,718 |
|
-27.2 |
% |
Other operating expenses |
|
-2,765 |
|
-375 |
|
-375 |
|
-2,852 |
|
-314 |
|
-3,916 |
|
41.6 |
% |
Operating results = EBIT |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
-25.3 |
% |
EBIT margin |
|
15.1 |
% |
17.4 |
% |
8.9 |
% |
2.4 |
% |
15.0 |
% |
10.9 |
% |
-4.2 |
%p |
Financial income/expense, net |
|
-4,247 |
|
-1,224 |
|
-696 |
|
-1,024 |
|
201 |
|
-2,743 |
|
-35.4 |
% |
of which: net interest expense |
|
-3,880 |
|
-937 |
|
-919 |
|
-860 |
|
-780 |
|
-3,496 |
|
-9.9 |
% |
Income before taxes = EBT |
|
4,138 |
|
1,192 |
|
588 |
|
-681 |
|
2,419 |
|
3,518 |
|
-15.0 |
% |
Income taxes |
|
-1,744 |
|
-430 |
|
111 |
|
-543 |
|
-666 |
|
-1,528 |
|
-12.4 |
% |
Income/loss after taxes |
|
2,394 |
|
762 |
|
699 |
|
-1,224 |
|
1,753 |
|
1,990 |
|
-16.9 |
% |
Income/losses applicable to minority shareholders |
|
-457 |
|
-130 |
|
-122 |
|
-135 |
|
-39 |
|
-426 |
|
-6.8 |
% |
Net income/loss |
|
1,937 |
|
632 |
|
577 |
|
-1,359 |
|
1,714 |
|
1,564 |
|
-19.3 |
% |
Depreciation and amortization |
|
-10,304 |
|
-2,190 |
|
-3,714 |
|
-4,850 |
|
-2,374 |
|
-13,128 |
|
27.4 |
% |
EBITDA |
|
18,689 |
|
4,606 |
|
4,998 |
|
5,193 |
|
4,592 |
|
19,389 |
|
3.7 |
% |
EBITDA margin |
|
33.7 |
% |
33.2 |
% |
34.8 |
% |
36.2 |
% |
31.2 |
% |
33.8 |
% |
0.1 |
%p |
DT Group.
Special influences in Group P&L.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Net revenue |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Cost of Sales |
|
-22 |
|
0 |
|
-1,353 |
|
-1 |
|
18 |
|
-1,336 |
|
Gross profit/loss from sales |
|
-22 |
|
0 |
|
-1,353 |
|
-1 |
|
18 |
|
-1,336 |
|
Selling Costs |
|
-5 |
|
0 |
|
0 |
|
-1 |
|
-23 |
|
-24 |
|
General administrative costs |
|
-81 |
|
0 |
|
0 |
|
-14 |
|
-123 |
|
-137 |
|
Other operating income |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Other operating expenses |
|
-1,257 |
|
-69 |
|
0 |
|
-2,521 |
|
66 |
|
-2,524 |
|
Operating results = EBIT |
|
-857 |
|
-69 |
|
-1,278 |
|
-2,528 |
|
-62 |
|
-3,937 |
|
Financial income/expense, net |
|
631 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
expense |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income before taxes = EBT |
|
-226 |
|
-69 |
|
-1,186 |
|
-2,528 |
|
1,076 |
|
-2,707 |
|
Income taxes |
|
-110 |
|
10 |
|
541 |
|
17 |
|
-9 |
|
559 |
|
Income/loss after taxes |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,067 |
|
-2,148 |
|
Income/losses applicable to minority shareholders |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income/loss |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,122 |
|
-2,093 |
|
Depreciation and amortization |
|
-974 |
|
0 |
|
-1,353 |
|
-2,428 |
|
72 |
|
-3,709 |
|
EBITDA |
|
117 |
|
-69 |
|
75 |
|
-100 |
|
-134 |
|
-228 |
|
DT Group.
Details on Special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on Operating expenses |
|
-1,365 |
|
-69 |
|
-1,353 |
|
-2,537 |
|
-62 |
|
-4,021 |
|
- of which unscheduled write-downs on FCC-licences and on goodwill of T-Mobile USA |
|
-789 |
|
|
|
-1,353 |
|
|
|
92 |
|
-1,261 |
|
- of which unscheduled write-down on goodwill of T-Mobile UK |
|
|
|
|
|
|
|
-2,225 |
|
|
|
-2,225 |
|
- of which restructuring charges and goodwill write-downs BB/FN CEE (MATÁV/ST/HT) |
|
-251 |
|
|
|
|
|
-219 |
|
-146 |
|
-365 |
|
- of which losses from the disposal of Multilink and T-Systems CS AG |
|
-58 |
|
|
|
|
|
|
|
|
|
|
|
- of which due to accruals for sale of cable |
|
-159 |
|
|
|
|
|
|
|
-37 |
|
-37 |
|
- of which additional accruals for redundancy payments, personnel reduction and others |
|
-108 |
|
-69 |
|
|
|
-93 |
|
29 |
|
-133 |
|
Effect on Other operating income |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
- of which sale of cable, Vergin Mobile, Telecash, Siris and cc-chemplorer |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Effect on Operating Results = EBIT |
|
-857 |
|
-69 |
|
-1,278 |
|
-2,528 |
|
-62 |
|
-3,937 |
|
Effect on EBITDA |
|
117 |
|
-69 |
|
75 |
|
-100 |
|
-134 |
|
-228 |
|
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on Financial income |
|
631 |
|
0 |
|
92 |
|
0 |
|
1138 |
|
1230 |
|
- of which sale of EUTELSAT, UMC, MTS, Celcom, SES, Inmarsat, Globe Telecom, cable |
|
812 |
|
|
|
92 |
|
|
|
1138 |
|
1230 |
|
- of which write-up comdirect bank AG |
|
40 |
|
|
|
|
|
|
|
|
|
|
|
- of which increased accruals for the health service of civil servants |
|
-221 |
|
|
|
|
|
|
|
|
|
|
|
Effect on Income before taxes |
|
-226 |
|
-69 |
|
-1,186 |
|
-2,528 |
|
1,076 |
|
-2,707 |
|
Effect on Tax |
|
-110 |
|
10 |
|
541 |
|
17 |
|
-9 |
|
559 |
|
- of which from change in legal structure T-Mobile |
|
466 |
|
|
|
|
|
|
|
|
|
|
|
- of which Sale of cable and MTS, accruals, valuation adjustment and others |
|
-438 |
|
10 |
|
|
|
17 |
|
28 |
|
55 |
|
- of which effect of impairment on FCC-licences |
|
|
|
|
|
541 |
|
|
|
-37 |
|
504 |
|
- of which effect of increased accruals for the health service of civil servants |
|
-138 |
|
|
|
|
|
|
|
|
|
|
|
Effect on income/losses applicable to minority shareholders: Redundancy payments T-Com CEE |
|
|
|
|
|
|
|
|
|
55 |
|
55 |
|
Effect on Net income/(loss) |
|
-336 |
|
-59 |
|
-645 |
|
-2,511 |
|
1,122 |
|
-2,093 |
|
DT Group.
EBIT and EBITDA reconciliation.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Net revenue |
|
14,740 |
|
55,503 |
|
57,360 |
|
|
Operating Results = EBIT |
|
2,218 |
|
8,385 |
|
6,261 |
|
|
- |
Depreciation and amortization |
|
-2,374 |
|
-10,304 |
|
-13,128 |
|
= |
EBITDA |
|
4,592 |
|
18,689 |
|
19,389 |
|
|
EBITDA margin [EBITDA/Net revenue] |
|
31.2 |
% |
33.7 |
% |
33.8 |
% |
|
- Special influences affecting EBITDA |
|
-134 |
|
117 |
|
-228 |
|
= |
Adj. EBITDA |
|
4,726 |
|
18,572 |
|
19,617 |
|
|
Adj. EBITDA margin [Adj. EBITDA/Net revenue] |
|
32.1 |
% |
33.5 |
% |
34.2 |
% |
Assets.
billion(1) |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Delta |
|
Delta |
|
Current assets |
|
21.5 |
|
21.7 |
|
19.7 |
|
18.3 |
|
19.0 |
|
3.7 |
% |
-11.7 |
% |
Cash and cash equivalents |
|
9.1 |
|
9.2 |
|
6.6 |
|
5.9 |
|
8.0 |
|
35.6 |
% |
-11.7 |
% |
Trade and other receivables |
|
7.6 |
|
7.1 |
|
7.6 |
|
7.2 |
|
6.7 |
|
-6.2 |
% |
-11.4 |
% |
Current recoverable income taxes |
|
1.0 |
|
0.5 |
|
0.4 |
|
0.3 |
|
0.3 |
|
0.0 |
% |
-68.3 |
% |
Other current financial assests |
|
2.1 |
|
2.3 |
|
2.6 |
|
2.4 |
|
1.8 |
|
-25.2 |
% |
-16.0 |
% |
Inventories |
|
1.0 |
|
1.1 |
|
1.2 |
|
1.4 |
|
1.2 |
|
-17.3 |
% |
15.4 |
% |
Other current assets |
|
0.7 |
|
1.5 |
|
1.3 |
|
1.1 |
|
1.0 |
|
-14.0 |
% |
39.6 |
% |
Noncurrent assets |
|
118.1 |
|
118.7 |
|
116.4 |
|
112.3 |
|
110.1 |
|
-2.0 |
% |
-6.8 |
% |
Intangible assets |
|
55.4 |
|
56.9 |
|
55.5 |
|
52.3 |
|
50.7 |
|
-2.9 |
% |
-8.4 |
% |
Property, plant, and equipment |
|
49.3 |
|
48.5 |
|
47.9 |
|
46.8 |
|
46.3 |
|
-1.1 |
% |
-6.0 |
% |
Equity-accounted financial assets |
|
2.4 |
|
2.6 |
|
2.8 |
|
3.1 |
|
2.7 |
|
-13.7 |
% |
11.1 |
% |
Other noncurrent financial assets |
|
1.4 |
|
1.3 |
|
1.0 |
|
0.9 |
|
1.7 |
|
82.0 |
% |
19.9 |
% |
Deferred tax assets |
|
9.3 |
|
9.0 |
|
9.0 |
|
8.9 |
|
8.3 |
|
-6.6 |
% |
-10.8 |
% |
Other noncurrent assets |
|
0.3 |
|
0.4 |
|
0.3 |
|
0.3 |
|
0.4 |
|
23.9 |
% |
26.0 |
% |
Total assets |
|
139.6 |
|
140.3 |
|
136.1 |
|
130.6 |
|
129.1 |
|
-1.2 |
% |
-7.6 |
% |
Liabilities and shareholders equity.
billion(1) |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Delta |
|
Delta |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
30.4 |
|
29.4 |
|
29.3 |
|
28.5 |
|
26.2 |
|
-8.2 |
% |
-13.9 |
% |
Current financial liabilities |
|
18.9 |
|
18.5 |
|
18.6 |
|
17.8 |
|
14.1 |
|
-20.6 |
% |
-25.3 |
% |
Trade and other payables |
|
6.4 |
|
5.4 |
|
5.3 |
|
5.0 |
|
6.1 |
|
23.1 |
% |
-4.4 |
% |
Income tax liabilities |
|
0.2 |
|
0.4 |
|
0.5 |
|
0.6 |
|
0.7 |
|
24.8 |
% |
257.5 |
% |
Current provisions |
|
3.4 |
|
3.4 |
|
3.2 |
|
3.5 |
|
3.7 |
|
4.3 |
% |
8.8 |
% |
Other current liabilities |
|
1.5 |
|
1.6 |
|
1.7 |
|
1.7 |
|
1.5 |
|
-8.5 |
% |
0.8 |
% |
Noncurrent liabilities |
|
65.4 |
|
65.3 |
|
60.5 |
|
57.4 |
|
57.0 |
|
-0.7 |
% |
-12.8 |
% |
Noncurrent financial liabilities |
|
46.3 |
|
45.8 |
|
41.4 |
|
38.2 |
|
38.1 |
|
-0.1 |
% |
-17.6 |
% |
Provisions for pensions/employee benefits |
|
4.2 |
|
4.2 |
|
4.3 |
|
4.3 |
|
4.2 |
|
-2.6 |
% |
0.2 |
% |
Other noncurrent provisions |
|
2.6 |
|
2.7 |
|
2.9 |
|
2.9 |
|
3.1 |
|
7.4 |
% |
18.3 |
% |
Deferred tax liabilities |
|
10.6 |
|
10.7 |
|
10.3 |
|
10.4 |
|
9.7 |
|
-6.8 |
% |
-8.4 |
% |
Other noncurrent liabilities |
|
1.7 |
|
1.8 |
|
1.7 |
|
1.6 |
|
1.9 |
|
16.0 |
% |
11.5 |
% |
Shareholders equity |
|
43.8 |
|
45.7 |
|
46.3 |
|
44.7 |
|
45.9 |
|
2.7 |
% |
4.7 |
% |
Issued capital |
|
10.7 |
|
10.7 |
|
10.7 |
|
10.7 |
|
10.7 |
|
0.0 |
% |
0.4 |
% |
Capital reserves |
|
49.5 |
|
49.5 |
|
49.5 |
|
49.5 |
|
49.5 |
|
0.0 |
% |
0.0 |
% |
Retained earnings incl. carryforwards |
|
-19.6 |
|
-17.7 |
|
-17.7 |
|
-17.7 |
|
-17.7 |
|
-0.1 |
% |
-9.8 |
% |
Other comprehensive income |
|
-2.9 |
|
-1.9 |
|
-1.9 |
|
-2.2 |
|
-2.7 |
|
19.5 |
% |
-8.0 |
% |
Consolidated net profit |
|
1.9 |
|
0.6 |
|
1.2 |
|
-0.2 |
|
1.6 |
|
n.a. |
|
-17.7 |
% |
Subtotal |
|
39.6 |
|
41.3 |
|
41.8 |
|
40.2 |
|
41.5 |
|
3.2 |
% |
4.7 |
% |
Minority interest |
|
4.2 |
|
4.4 |
|
4.4 |
|
4.5 |
|
4.4 |
|
-2.3 |
% |
4.6 |
% |
Total liabilities and shareholders equity |
|
139.6 |
|
140.3 |
|
136.1 |
|
130.6 |
|
129.1 |
|
-1.2 |
% |
-7.6 |
% |
Debt to net debt reconciliation.
million |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
Delta |
|
Delta |
|
Bonds |
|
51,164 |
|
49,997 |
|
46,559 |
|
43,347 |
|
39,458 |
|
-3,889 |
|
-11,706 |
|
Liabilities to banks |
|
3,789 |
|
3,262 |
|
3,182 |
|
3,153 |
|
3,074 |
|
-79 |
|
-715 |
|
Liabilities to non-banks from promissory notes |
|
756 |
|
769 |
|
755 |
|
718 |
|
651 |
|
-67 |
|
-105 |
|
Other financial liabilities |
|
4,983 |
|
4,977 |
|
4,618 |
|
4,546 |
|
5,225 |
|
679 |
|
242 |
|
Gross debt under IFRS |
|
60,692 |
|
59,005 |
|
55,114 |
|
51,764 |
|
48,408 |
|
|
|
|
|
Cash and cash equivalents |
|
9,131 |
|
9,198 |
|
6,614 |
|
5,928 |
|
8,038 |
|
2,110 |
|
-1,093 |
|
Available-for-sale/Held-for-trading financial assets |
|
137 |
|
151 |
|
676 |
|
636 |
|
120 |
|
-516 |
|
-17 |
|
Other financial assets |
|
699 |
|
773 |
|
507 |
|
533 |
|
658 |
|
|
|
|
|
Net debt under IFRS |
|
50,725 |
|
48,883 |
|
47,317 |
|
44,667 |
|
39,592 |
|
-5,075 |
|
-11,133 |
|
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
T-Mobile |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
GHS |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Group |
|
6,362 |
|
1,353 |
|
1,575 |
|
1,480 |
|
2,002 |
|
6,410 |
|
0.8 |
% |
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Net cash provided by operating activities |
|
15,053 |
|
4,304 |
|
2,900 |
|
3,920 |
|
5,597 |
|
16,721 |
|
11.1 |
% |
Cash out flows from investments in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- intangible assets |
|
-1,141 |
|
-123 |
|
-232 |
|
-218 |
|
-471 |
|
-1,044 |
|
-8.5 |
% |
- property, plant, equipment |
|
-5,221 |
|
-1,230 |
|
-1,343 |
|
-1,262 |
|
-1,531 |
|
-5,366 |
|
2.8 |
% |
Free cash flow [before dividend] |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
18.6 |
% |
Personnel (1).
|
|
|
|
|
|
|
|
|
|
|
|
Delta y.o.y |
|
||
End of period |
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
abs. |
|
% |
|
BBFN |
|
118,640 |
|
114,345 |
|
114,991 |
|
116,379 |
|
114,083 |
|
-4,557 |
|
-3.8 |
% |
T-Com |
|
116,025 |
|
111,399 |
|
112,049 |
|
113,376 |
|
111,079 |
|
-4,946 |
|
-4.3 |
% |
T-Online |
|
2,615 |
|
2,946 |
|
2,942 |
|
3,003 |
|
3,004 |
|
389 |
|
14.9 |
% |
T-Mobile |
|
46,600 |
|
46,722 |
|
47,652 |
|
48,164 |
|
47,797 |
|
1,197 |
|
2.6 |
% |
T-Systems |
|
52,585 |
|
52,225 |
|
52,970 |
|
51,400 |
|
51,173 |
|
-1,412 |
|
-2.7 |
% |
GHS |
|
30,694 |
|
34,862 |
|
32,219 |
|
31,948 |
|
31,592 |
|
898 |
|
2.9 |
% |
- of which Vivento(2) |
|
15,500 |
|
19,500 |
|
19,200 |
|
18,600 |
|
18,300 |
|
2,800 |
|
18.1 |
% |
DT Group |
|
248,519 |
|
248,153 |
|
247,830 |
|
247,891 |
|
244,645 |
|
-3,874 |
|
-1.6 |
% |
- of which civil servants |
|
49,793 |
|
49,664 |
|
47,964 |
|
47,771 |
|
47,163 |
|
-2,630 |
|
-5.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delta y.o.y. |
|
||
Average |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
abs. |
|
% |
|
BBFN |
|
128,065 |
|
114,748 |
|
114,861 |
|
116,549 |
|
115,010 |
|
115,292 |
|
-12,773 |
|
-10.0 |
% |
T-Com |
|
125,428 |
|
111,830 |
|
111,916 |
|
113,568 |
|
112,003 |
|
112,329 |
|
-13,099 |
|
-10.4 |
% |
T-Online |
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
326 |
|
12.3 |
% |
T-Mobile |
|
44,899 |
|
46,337 |
|
47,407 |
|
48,111 |
|
47,815 |
|
47,418 |
|
2,519 |
|
5.6 |
% |
T-Systems |
|
54,390 |
|
52,357 |
|
52,729 |
|
51,593 |
|
51,232 |
|
51,978 |
|
-2,412 |
|
-4.4 |
% |
GHS |
|
23,909 |
|
34,919 |
|
32,787 |
|
32,108 |
|
31,673 |
|
32,872 |
|
8,963 |
|
37.5 |
% |
- of which Vivento(2) |
|
8,300 |
|
19,600 |
|
19,000 |
|
18,900 |
|
18,400 |
|
19,000 |
|
10,700 |
|
128.9 |
% |
DT Group |
|
251,263 |
|
248,361 |
|
247,785 |
|
248,360 |
|
245,730 |
|
247,559 |
|
-3,704 |
|
-1.5 |
% |
- of which civil servants |
|
49,998 |
|
49,886 |
|
48,928 |
|
47,843 |
|
47,489 |
|
48,536 |
|
-1,461 |
|
-2.9 |
% |
(1) Full-time employees: number of employees without trainees and students.
(2) Figures rounded; excluding permanent staff.
Adjusted for specials influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
- of which T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
- of which T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
Adjusted EBITDA |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
-2.3 |
% |
- of which T-Com |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
-3.9 |
% |
- of which T-Online |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
47.3 |
% |
Adjusted EBITDA margin |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
0.9 |
%p |
Depreciation and amortization |
|
-4,747 |
|
-1,082 |
|
-1,122 |
|
-1,181 |
|
-1,023 |
|
-4,408 |
|
-7.1 |
% |
Financial income/ expense, net(1) |
|
-15 |
|
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
n.a. |
|
Income before taxes = EBT |
|
5,609 |
|
1,771 |
|
1,475 |
|
1,513 |
|
1,655 |
|
6,414 |
|
14.4 |
% |
Broadband/Fixed Net
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
-4.5 |
% |
- of which T-Com |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
-5.9 |
% |
- of which T-Online |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
8.7 |
% |
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
-3.4 |
% |
EBITDA |
|
10,368 |
|
2,559 |
|
2,577 |
|
2,477 |
|
2,340 |
|
9,953 |
|
-4.0 |
% |
- of which T-Com |
|
10,080 |
|
2,457 |
|
2,440 |
|
2,342 |
|
2,265 |
|
9,504 |
|
-5.7 |
% |
- of which T-Online |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
36.6 |
% |
EBITDA margin |
|
36.6 |
% |
36.9 |
% |
37.8 |
% |
37.5 |
% |
35.2 |
% |
36.8 |
% |
0.2 |
%p |
Depreciation and amortization |
|
-4,674 |
|
-1,082 |
|
-1,122 |
|
-1,031 |
|
-1,003 |
|
-4,238 |
|
-9.3 |
% |
Financial income/ expense, net(1) |
|
-125 |
|
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
n.m. |
|
Income before taxes = EBT |
|
5,606 |
|
1,738 |
|
1,475 |
|
1,345 |
|
1,466 |
|
6,024 |
|
7.5 |
% |
Broadband/Fixed Net
Special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
-40 |
|
-33 |
|
0 |
|
-18 |
|
-169 |
|
-220 |
|
- of which book gain sale of cable |
|
383 |
|
|
|
|
|
|
|
|
|
|
|
- of which charges on sale of cable |
|
-159 |
|
|
|
|
|
|
|
-37 |
|
-37 |
|
- Accruals for personnel reductions |
|
-77 |
|
|
|
|
|
|
|
|
|
|
|
- Additional minimum liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
- Transfer payments to Vivento |
|
-121 |
|
|
|
|
|
-2 |
|
|
|
-2 |
|
- Accruals for redundancy payments |
|
|
|
-33 |
|
|
|
|
|
|
|
-33 |
|
- Restructuring of MATÁV, HT, ST |
|
-66 |
|
|
|
|
|
-16 |
|
-132 |
|
-148 |
|
Effect on Income before taxes = EBT |
|
-3 |
|
-33 |
|
0 |
|
-168 |
|
-189 |
|
-390 |
|
- of which book gain sale of cable Baden-Wuerttem. |
|
70 |
|
|
|
|
|
|
|
|
|
|
|
- of which write-up of comdirect bank AG |
|
40 |
|
|
|
|
|
|
|
|
|
|
|
- of which Goodwill Impairment MATÁV |
|
-73 |
|
|
|
|
|
|
|
|
|
|
|
- of which Goodwill Impairment ST |
|
|
|
|
|
|
|
-150 |
|
|
|
-150 |
|
- of which write-down of HT brand name |
|
|
|
|
|
|
|
|
|
-14 |
|
-14 |
|
- of which write-down of daybyday |
|
|
|
|
|
|
|
|
|
-6 |
|
-6 |
|
Broadband/Fixed Net
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
6,651 |
|
28,295 |
|
27,010 |
|
|
Results from ordinary business activities |
|
1,466 |
|
5,606 |
|
6,024 |
|
|
- |
Financial income/ expense, net(1) |
|
149 |
|
-15 |
|
479 |
|
- |
Depreciation and amortization |
|
-1,023 |
|
-4,747 |
|
-4,408 |
|
= |
EBITDA |
|
2,340 |
|
10,368 |
|
9,953 |
|
|
EBITDA margin |
|
35.2 |
% |
36.6 |
% |
36.8 |
% |
- |
Special Factors affecting EBITDA |
|
-169 |
|
-40 |
|
-220 |
|
= |
Adj. EBITDA |
|
2,509 |
|
10,408 |
|
10,173 |
|
|
Adj. EBITDA margin |
|
37.7 |
% |
36.8 |
% |
37.7 |
% |
Adjusted for specials influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
Net revenue |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
ARPU revenue |
|
20,675 |
|
5,356 |
|
5,792 |
|
5,996 |
|
5,784 |
|
22,928 |
|
10.9 |
% |
EBITDA |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
16.6 |
% |
EBITDA margin (total revenues) |
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
1.9 |
%p |
EBITDA margin (ARPU revenues) |
|
34.8 |
% |
34.1 |
% |
36.7 |
% |
39.6 |
% |
35.8 |
% |
36.6 |
% |
1.8 |
%p |
Depreciation and amortization |
|
-2,867 |
|
-685 |
|
-813 |
|
-937 |
|
-979 |
|
-3,414 |
|
-19.1 |
% |
Financial income/ expense, net |
|
-830 |
|
-274 |
|
-94 |
|
-224 |
|
-295 |
|
-887 |
|
-6.9 |
% |
Income before taxes = EBT |
|
3,505 |
|
867 |
|
1,220 |
|
1,213 |
|
794 |
|
4,094 |
|
16.8 |
% |
Cash Capex |
|
3,313 |
|
826 |
|
766 |
|
696 |
|
790 |
|
3,078 |
|
-7.1 |
% |
Cash Contribution(1) |
|
3,889 |
|
1,000 |
|
1,361 |
|
1,678 |
|
1,278 |
|
5,317 |
|
36.7 |
% |
(1) Defined as adj. EBITDA Cash Capex
T-Mobile.
Special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effects on EBITDA |
|
0 |
|
0 |
|
75 |
|
-5 |
|
-2 |
|
68 |
|
- of which subsequent proceeds from sale of Virgin Mobile |
|
|
|
|
|
75 |
|
|
|
|
|
75 |
|
- of which PSA Vivento |
|
|
|
|
|
|
|
-5 |
|
-2 |
|
-7 |
|
Effects on Income before taxes = EBT |
|
-536 |
|
0 |
|
-1,278 |
|
-2,283 |
|
1,048 |
|
-2,513 |
|
- of which gain on sale of MTS |
|
365 |
|
|
|
|
|
|
|
958 |
|
958 |
|
- of which Goodwill Impairment TMUS |
|
-789 |
|
|
|
|
|
|
|
|
|
0 |
|
- of which Goodwill Impairment TMH |
|
-101 |
|
|
|
|
|
|
|
|
|
0 |
|
MOBIMAK |
|
-11 |
|
|
|
|
|
|
|
|
|
0 |
|
- of which Impairment of FCC licenses |
|
|
|
|
|
-1,353 |
|
|
|
92 |
|
-1,261 |
|
- of which Goodwill Impairment TMUK |
|
|
|
|
|
|
|
-2,225 |
|
|
|
-2,225 |
|
EuroTel |
|
|
|
|
|
|
|
-53 |
|
|
|
-53 |
|
EBITDA Reconciliation.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
6,692 |
|
24,198 |
|
26,527 |
|
|
Income before taxes = EBT |
|
1,842 |
|
2,969 |
|
1,581 |
|
|
- |
Financial income/expense, net |
|
663 |
|
-465 |
|
71 |
|
- |
Depreciation and amortization |
|
-887 |
|
-3,768 |
|
-6,953 |
|
= |
EBITDA |
|
2,066 |
|
7,202 |
|
8,463 |
|
|
EBITDA margin |
|
30.9 |
% |
29.8 |
% |
31.9 |
% |
- |
Special influences affecting EBITDA |
|
-2 |
|
0 |
|
68 |
|
= |
Adj. EBITDA |
|
2,068 |
|
7,202 |
|
8,395 |
|
|
Adj. EBITDA margin |
|
30.9 |
% |
29.8 |
% |
31.6 |
% |
Unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
9.6 |
% |
Net revenue |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
11.6 |
% |
EBITDA |
|
7,202 |
|
1,826 |
|
2,202 |
|
2,369 |
|
2,066 |
|
8,463 |
|
17.5 |
% |
EBITDA margin |
|
29.8 |
% |
29.1 |
% |
33.1 |
% |
34.3 |
% |
30.9 |
% |
31.9 |
% |
2.1 |
%p |
Depreciation and amortization |
|
-3,768 |
|
-685 |
|
-2,166 |
|
-3,215 |
|
-887 |
|
-6,953 |
|
-84.5 |
% |
Financial income/ expense, net |
|
-465 |
|
-274 |
|
-94 |
|
-224 |
|
663 |
|
71 |
|
n.a. |
|
Income before taxes = EBT |
|
2,969 |
|
867 |
|
-58 |
|
-1,070 |
|
1,842 |
|
1,581 |
|
-46.7 |
% |
|
Customer Summary |
|
Germ |
|
UK |
|
CZ |
|
HU |
|
Eurotel |
|
|
|
|
USA |
|
A |
|
NL |
|
HT |
|
Mobimak |
Customer Summary.
000 (end of period) |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Western Europe(1) |
|
43,987 |
|
45,145 |
|
46,197 |
|
46,822 |
|
47,500 |
|
47,500 |
|
8.0 |
% |
- of which: Germany |
|
26,333 |
|
26,681 |
|
27,059 |
|
27,358 |
|
27,471 |
|
27,471 |
|
4.3 |
% |
- of which: United Kingdom(1) |
|
13,636 |
|
14,343 |
|
14,899 |
|
15,207 |
|
15,726 |
|
15,726 |
|
15.3 |
% |
- of which: Netherlands |
|
1,987 |
|
2,109 |
|
2,224 |
|
2,253 |
|
2,261 |
|
2,261 |
|
13.8 |
% |
- of which: Austria |
|
2,031 |
|
2,012 |
|
2,015 |
|
2,004 |
|
2,042 |
|
2,042 |
|
0.5 |
% |
CE Europe |
|
9,577 |
|
9,748 |
|
9,991 |
|
10,240 |
|
10,678 |
|
10,678 |
|
11.5 |
% |
- of which: Czech Republic |
|
3,947 |
|
3,991 |
|
4,075 |
|
4,130 |
|
4,360 |
|
4,360 |
|
10.5 |
% |
- of which: Hungary |
|
3,766 |
|
3,838 |
|
3,913 |
|
3,989 |
|
4,032 |
|
4,032 |
|
7.1 |
% |
- of which: Slovakia(2) |
|
1,613 |
|
1,685 |
|
1,740 |
|
1,807 |
|
1,915 |
|
1,915 |
|
18.7 |
% |
- of which: Croatia |
|
1,340 |
|
1,354 |
|
1,380 |
|
1,428 |
|
1,534 |
|
1,534 |
|
14.5 |
% |
- of which: Macedonia |
|
524 |
|
565 |
|
623 |
|
693 |
|
752 |
|
752 |
|
43.5 |
% |
USA |
|
13,128 |
|
14,303 |
|
15,394 |
|
16,295 |
|
17,314 |
|
17,314 |
|
31.9 |
% |
Total(1) |
|
66,692 |
|
69,197 |
|
71,582 |
|
73,358 |
|
75,492 |
|
75,492 |
|
13.2 |
% |
- of which Contract Customers |
|
31,023 |
|
32,534 |
|
33,985 |
|
35,326 |
|
36,556 |
|
36,556 |
|
17.8 |
% |
% of total(1) |
|
46.5 |
% |
47.0 |
% |
47.5 |
% |
48.2 |
% |
48.4 |
% |
48.4 |
% |
4.1 |
% |
PTC Poland(3) |
|
6,211 |
|
6,857 |
|
7,518 |
|
8,051 |
|
8,629 |
|
8,629 |
|
38.9 |
% |
(1) Including Virgin Mobile
(2) To be fully consolidated and accounted for as of Q1/05
(3) Not fully consolidated
TMO Germany
Germany Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
26,333 |
|
26,681 |
|
27,059 |
|
27,358 |
|
27,471 |
|
27,471 |
|
4.3 |
% |
- Contract |
|
12,569 |
|
12,763 |
|
13,005 |
|
13,333 |
|
13,492 |
|
13,492 |
|
7.3 |
% |
- Prepay |
|
13,764 |
|
13,918 |
|
14,054 |
|
14,025 |
|
13,979 |
|
13,979 |
|
1.6 |
% |
Net adds |
|
1,752 |
|
348 |
|
378 |
|
299 |
|
113 |
|
1,138 |
|
-35.0 |
% |
- Contract |
|
1,054 |
|
194 |
|
242 |
|
328 |
|
159 |
|
923 |
|
-12.4 |
% |
- Prepay |
|
697 |
|
154 |
|
136 |
|
-29 |
|
-46 |
|
215 |
|
-69.2 |
% |
Average monthly churn |
|
1.4 |
% |
1.4 |
% |
1.4 |
% |
1.5 |
% |
1.6 |
% |
1.5 |
% |
0.1 |
%p |
- Contract |
|
1.4 |
% |
1.2 |
% |
1.0 |
% |
1.1 |
% |
1.3 |
% |
1.1 |
% |
-0.3 |
%p |
Germany Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
8,479 |
|
2,120 |
|
2,179 |
|
2,261 |
|
2,185 |
|
8,745 |
|
3.1 |
% |
ARPU Revenue (million) |
|
7,498 |
|
1,838 |
|
1,901 |
|
1,987 |
|
1,930 |
|
7,656 |
|
2.1 |
% |
Adj. EBITDA (million) |
|
3,675 |
|
803 |
|
880 |
|
958 |
(1) |
999 |
|
3,640 |
|
-1.0 |
% |
EBITDA margin (total rev.) |
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.4 |
% |
45.7 |
% |
41.6 |
% |
-1.7 |
%p |
EBITDA margin (ARPU rev.) |
|
49.0 |
% |
43.7 |
% |
46.3 |
% |
48.2 |
% |
51.8 |
% |
47.5 |
% |
-1.5 |
%p |
SAC |
|
93 |
|
94 |
|
100 |
|
112 |
|
100 |
|
101 |
|
8.6 |
% |
- Contract |
|
156 |
|
162 |
|
174 |
|
171 |
|
178 |
|
172 |
|
10.3 |
% |
- Prepay |
|
27 |
|
34 |
|
41 |
|
41 |
|
19 |
|
34 |
|
25.9 |
% |
ARPU |
|
25 |
|
23 |
|
24 |
|
24 |
|
24 |
|
24 |
|
-4.0 |
% |
- Contract |
|
41 |
|
38 |
|
39 |
|
40 |
|
39 |
|
39 |
|
-4.9 |
% |
- Prepay |
|
10 |
|
9 |
|
10 |
|
10 |
|
9 |
|
9 |
|
-10.0 |
% |
Non-Voice % of ARPU |
|
17 |
% |
18 |
% |
17 |
% |
17 |
% |
17 |
% |
17 |
% |
0 |
%p |
Cash Capex (million) |
|
548 |
|
111 |
|
166 |
|
98 |
|
106 |
|
481 |
|
-12.2 |
% |
Adj. Cash Contribution (million)(1),(2) |
|
3,127 |
|
692 |
|
714 |
|
860 |
|
893 |
|
3,159 |
|
1.0 |
% |
(1) special factor affecting EBITDA: Vivento transfer payment (EUR 5 million in Q3/04 and EUR 2 million in Q4/04)
(2) Defined as adj. EBITDA minus Cash Capex
TMO
USA
USA Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
13,128 |
|
14,303 |
|
15,394 |
|
16,295 |
|
17,314 |
|
17,314 |
|
31.9 |
% |
- Contract |
|
11,696 |
|
12,784 |
|
13,720 |
|
14,528 |
|
15,341 |
|
15,341 |
|
31.2 |
% |
- Prepay |
|
1,432 |
|
1,519 |
|
1,674 |
|
1,767 |
|
1,973 |
|
1,973 |
|
37.8 |
% |
Net adds |
|
3,212 |
|
1,175 |
|
1,091 |
|
901 |
|
1,019 |
|
4,186 |
|
30.3 |
% |
- Contract |
|
3,135 |
|
1,088 |
|
936 |
|
808 |
|
813 |
|
3,645 |
|
16.3 |
% |
- Prepay |
|
77 |
|
87 |
|
155 |
|
93 |
|
206 |
|
541 |
|
602.6 |
% |
Average monthly churn |
|
3.1 |
% |
3.0 |
% |
2.8 |
% |
3.0 |
% |
3.1 |
% |
3.0 |
% |
-0.1 |
%p |
- Contract |
|
2.5 |
% |
2.6 |
% |
2.4 |
% |
2.6 |
% |
2.6 |
% |
2.6 |
% |
0.1 |
%p |
USA Financials IFRS
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
7,363 |
|
2,053 |
|
2,317 |
|
2,458 |
|
2,450 |
|
9,278 |
|
26.0 |
% |
ARPU Revenue (million) |
|
6,161 |
|
1,697 |
|
1,971 |
|
2,059 |
|
2,038 |
|
7,765 |
|
26.0 |
% |
EBITDA (million) |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
55.3 |
% |
EBITDA margin (total rev.) |
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
4.2 |
%p |
EBITDA margin (ARPU rev.) |
|
21.5 |
% |
21.7 |
% |
28.1 |
% |
30.4 |
% |
25.0 |
% |
26.5 |
% |
5.0 |
%p |
SAC |
|
187 |
|
177 |
|
159 |
|
149 |
|
156 |
|
160 |
|
-14.4 |
% |
- Contract |
|
211 |
|
197 |
|
178 |
|
167 |
|
180 |
|
181 |
|
-14.2 |
% |
- Prepay |
|
71 |
|
74 |
|
73 |
|
67 |
|
72 |
|
72 |
|
1.4 |
% |
ARPU |
|
45 |
|
41 |
|
44 |
|
43 |
|
41 |
|
42 |
|
-6.7 |
% |
- Contract |
|
47 |
|
43 |
|
46 |
|
46 |
|
43 |
|
45 |
|
-4.3 |
% |
- Prepay |
|
30 |
|
25 |
|
26 |
|
23 |
|
23 |
|
24 |
|
-20.0 |
% |
Non-Voice% of ARPU |
|
3 |
% |
4 |
% |
5 |
% |
5 |
% |
6 |
% |
5 |
% |
66.7 |
% |
Cash Capex (million) |
|
1,736 |
|
508 |
|
362 |
|
341 |
|
322 |
|
1,533 |
|
-11.7 |
% |
Cash Capex (million, incl. JV)(1) |
|
1,974 |
|
627 |
|
466 |
|
549 |
|
414 |
|
2,056 |
|
n.a. |
|
Cash Contribution (million)(2) |
|
-412 |
|
-139 |
|
191 |
|
284 |
|
187 |
|
523 |
|
-73.5 |
% |
Cash Contribution (million, incl. JV)(1),(2) |
|
-650 |
|
-258 |
|
87 |
|
76 |
|
95 |
|
0 |
|
n.a. |
|
(1) incl. investments in California network JV
(2) Defined as adj. EBITDA minus Cash Capex
USA Financials $ IFRS
US$ |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
8,321 |
|
2,568 |
|
2,790 |
|
3,004 |
|
3,176 |
|
11,538 |
|
38.7 |
% |
Service Revenue (million) |
|
6,962 |
|
2,123 |
|
2,373 |
|
2,516 |
|
2,643 |
|
9,655 |
|
38.7 |
% |
EBITDA (million) |
|
1,496 |
|
462 |
|
667 |
|
764 |
|
660 |
|
2,553 |
|
70.7 |
% |
EBITDA margin (total rev.) |
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
4.2 |
%p |
EBITDA margin (ARPU rev.) |
|
21.5 |
% |
21.7 |
% |
28.1 |
% |
30.4 |
% |
25.0 |
% |
26.5 |
% |
5.0 |
%p |
SAC |
|
211 |
|
222 |
|
192 |
|
182 |
|
202 |
|
199 |
|
-5.7 |
% |
- Contract |
|
239 |
|
246 |
|
215 |
|
204 |
|
233 |
|
225 |
|
-5.9 |
% |
- Prepay |
|
80 |
|
93 |
|
88 |
|
81 |
|
94 |
|
89 |
|
11.3 |
% |
ARPU |
|
51 |
|
52 |
|
53 |
|
53 |
|
53 |
|
53 |
|
3.9 |
% |
- Contract |
|
53 |
|
54 |
|
56 |
|
56 |
|
56 |
|
55 |
|
3.8 |
% |
- Prepay |
|
34 |
|
31 |
|
31 |
|
29 |
|
29 |
|
30 |
|
-11.8 |
% |
Non-Voice % of ARPU |
|
3 |
% |
4 |
% |
5 |
% |
5 |
% |
6 |
% |
5 |
% |
2 |
%p |
Cash Capex (million) |
|
1,963 |
|
659 |
|
458 |
|
440 |
|
457 |
|
2,014 |
|
2.6 |
% |
Cash Capex (million, incl. JV)(1) |
|
2,232 |
|
808 |
|
583 |
|
694 |
|
576 |
|
2,661 |
|
n.a. |
|
Cash Contribution (million)(2) |
|
-467 |
|
-197 |
|
209 |
|
324 |
|
203 |
|
539 |
|
-75.9 |
% |
Cash Contribution (million, incl. JV)(1),(2) |
|
-736 |
|
-346 |
|
84 |
|
70 |
|
84 |
|
-108 |
|
85.3 |
% |
(1) incl. investments in California network JV
(2) Defined as adj. EBITDA minus Cash Capex
TMO
UK
UK Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers(1) (end of period) |
|
13,636 |
|
14,343 |
|
14,899 |
|
15,207 |
|
15,726 |
|
15,726 |
|
15.3 |
% |
- Contract |
|
2,684 |
|
2,743 |
|
2,858 |
|
2,940 |
|
2,997 |
|
2,997 |
|
11.7 |
% |
- Prepay(1) |
|
10,952 |
|
11,600 |
|
12,041 |
|
12,267 |
|
12,728 |
|
12,728 |
|
16.2 |
% |
Net adds(1) |
|
1,190 |
|
707 |
|
556 |
|
308 |
|
519 |
|
2,090 |
|
75.6 |
% |
- Contract |
|
436 |
|
59 |
|
114 |
|
83 |
|
57 |
|
313 |
|
-28.2 |
% |
- Prepay(1) |
|
754 |
|
648 |
|
441 |
|
225 |
|
462 |
|
1,776 |
|
135.5 |
% |
Average monthly churn |
|
2.9 |
% |
1.2 |
% |
1.9 |
% |
2.5 |
% |
3.0 |
% |
2.2 |
% |
-0.7 |
%p |
- Contract |
|
2.3 |
% |
2.7 |
% |
2.5 |
% |
2.7 |
% |
2.9 |
% |
2.7 |
% |
0.4 |
%p |
(1) including Virgin Mobile
UK Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
4,312 |
|
1,133 |
|
1,108 |
|
1,106 |
|
997 |
(3) |
4,344 |
|
0.7 |
% |
ARPU Revenue (million) |
|
3,476 |
|
942 |
|
967 |
|
947 |
|
853 |
|
3,709 |
|
6.7 |
% |
Adj. EBITDA (million)(2) |
|
1,073 |
|
384 |
|
369 |
(2) |
390 |
|
237 |
|
1,380 |
|
28.6 |
% |
Adj. EBITDA margin (total rev.) |
|
24.9 |
% |
33.9 |
% |
33.3 |
% |
35.3 |
% |
23.8 |
% |
31.8 |
% |
6.9 |
%p |
Adj. EBITDA margin (ARPU rev.) |
|
30.9 |
% |
40.8 |
% |
38.2 |
% |
41.2 |
% |
27.8 |
% |
37.2 |
% |
6.3 |
%p |
SAC |
|
133 |
|
143 |
|
136 |
|
107 |
|
104 |
|
122 |
|
-8.3 |
% |
- Contract |
|
330 |
|
325 |
|
289 |
|
214 |
|
254 |
|
269 |
|
-18.5 |
% |
- Prepay |
|
32 |
|
43 |
|
39 |
|
35 |
|
36 |
|
38 |
|
18.8 |
% |
ARPU |
|
30 |
|
31 |
|
31 |
|
30 |
|
27 |
|
29 |
|
-3.3 |
% |
- Contract |
|
64 |
|
66 |
|
68 |
|
66 |
|
58 |
|
64 |
|
0.0 |
% |
- Prepay |
|
19 |
|
18 |
|
17 |
|
16 |
|
15 |
|
17 |
|
-10.5 |
% |
Non-Voice % of ARPU |
|
16 |
% |
17 |
% |
17 |
% |
17 |
% |
18 |
% |
17 |
% |
1 |
%p |
Cash Capex (million) |
|
385 |
|
43 |
|
74 |
|
64 |
|
62 |
|
243 |
|
-36.9 |
% |
Adj. Cash Contribution (million)(2),(4) |
|
688 |
|
341 |
|
295 |
|
326 |
|
175 |
|
1,137 |
|
65.3 |
% |
(1) Including Virgin Mobile
(2) Special factor affecting EBITDA: Subsequent proceeds from sale of Virgin Mobile EUR 75 million.
(3) Cut in Mobile Termination Rates in September 2004.
(4) Defined as adj. EBITDA minus Cash Capex.
TMO Austria
Austria Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
2,031 |
|
2,012 |
|
2,015 |
|
2,004 |
|
2,042 |
|
2,042 |
|
0.5 |
% |
- Contract |
|
950 |
|
941 |
|
946 |
|
950 |
|
985 |
|
985 |
|
3.7 |
% |
- Prepay |
|
1,081 |
|
1,071 |
|
1,069 |
|
1,054 |
|
1,058 |
|
1,058 |
|
-2.1 |
% |
Net adds |
|
-5 |
|
-18 |
|
3 |
|
-10 |
|
38 |
|
12 |
|
n.a. |
|
- Contract |
|
21 |
|
-9 |
|
5 |
|
4 |
|
34 |
|
34 |
|
61.9 |
% |
- Prepay |
|
-27 |
|
-10 |
|
-2 |
|
-14 |
|
4 |
|
-23 |
|
14.8 |
% |
Average monthly churn |
|
1.7 |
% |
2.0 |
% |
1.8 |
% |
1.7 |
% |
1.8 |
% |
1.8 |
% |
0.1 |
%p |
- Contract |
|
1.3 |
% |
1.9 |
% |
1.3 |
% |
1.1 |
% |
1.2 |
% |
1.4 |
% |
0.1 |
%p |
Austria Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million)(1) |
|
1,098 |
|
235 |
|
210 |
|
221 |
|
216 |
|
882 |
|
-19.7 |
% |
ARPU Revenue (million) |
|
846 |
|
212 |
|
201 |
|
207 |
|
200 |
|
820 |
|
-3.1 |
% |
EBITDA (million) |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
-30.6 |
% |
EBITDA margin (total rev.) |
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
-4.3 |
%p |
EBITDA margin (ARPU rev.) |
|
40.9 |
% |
25.9 |
% |
25.4 |
% |
31.9 |
% |
34.0 |
% |
29.3 |
% |
-11.6 |
%p |
SAC |
|
121 |
|
155 |
|
134 |
|
102 |
|
137 |
|
133 |
|
9.9 |
% |
- Contract |
|
211 |
|
251 |
|
242 |
|
203 |
|
231 |
|
233 |
|
10.4 |
% |
- Prepay |
|
41 |
|
52 |
|
58 |
|
33 |
|
45 |
|
47 |
|
14.6 |
% |
ARPU |
|
35 |
|
35 |
|
33 |
|
34 |
|
33 |
|
34 |
|
-2.9 |
% |
- Contract |
|
61 |
|
62 |
|
58 |
|
60 |
|
57 |
|
59 |
|
-3.3 |
% |
- Prepay |
|
12 |
|
11 |
|
11 |
|
12 |
|
11 |
|
11 |
|
-8.3 |
% |
Non-Voice % of ARPU |
|
9 |
% |
9 |
% |
9 |
% |
9 |
% |
10 |
% |
9 |
% |
0 |
%p |
Cash Capex (million) |
|
128 |
|
25 |
|
20 |
|
47 |
|
39 |
|
131 |
|
2.3 |
% |
Cash Contribution (million)(2) |
|
218 |
|
30 |
|
31 |
|
19 |
|
29 |
|
109 |
|
-50.0 |
% |
(1) Stake in Niedermeyer was sold with effect starting from January 1, 2004
(2) Defined as adj. EBITDA minus Cash Capex
TMO Czechs
CZ Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
3,947 |
|
3,991 |
|
4,075 |
|
4,130 |
|
4,360 |
|
4,360 |
|
10.5 |
% |
- Contract |
|
889 |
|
947 |
|
1,003 |
|
1,050 |
|
1,105 |
|
1,105 |
|
24.3 |
% |
- Prepay |
|
3,058 |
|
3,044 |
|
3,072 |
|
3,080 |
|
3,255 |
|
3,255 |
|
6.4 |
% |
Net adds |
|
438 |
|
43 |
|
84 |
|
55 |
|
230 |
|
413 |
|
-5.7 |
% |
- Contract |
|
218 |
|
58 |
|
56 |
|
47 |
|
55 |
|
216 |
|
-0.9 |
% |
- Prepay |
|
220 |
|
-15 |
|
28 |
|
8 |
|
175 |
|
197 |
|
-10.5 |
% |
Average monthly churn |
|
1.0 |
% |
1.1 |
% |
0.9 |
% |
1.0 |
% |
0.9 |
% |
1.0 |
% |
0.0 |
%p |
- Contract |
|
0.5 |
% |
0.6 |
% |
0.6 |
% |
0.5 |
% |
0.7 |
% |
0.6 |
% |
0.1 |
%p |
CZ Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
757 |
|
186 |
|
203 |
|
213 |
|
225 |
|
827 |
|
9.2 |
% |
ARPU Revenue (million) |
|
707 |
|
173 |
|
194 |
|
202 |
|
204 |
|
773 |
|
9.3 |
% |
EBITDA (million) |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
7.1 |
% |
EBITDA margin (total rev.) |
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
-0.9 |
%p |
EBITDA margin (ARPU rev.) |
|
48.1 |
% |
49.7 |
% |
46.4 |
% |
50.5 |
% |
42.2 |
% |
47.1 |
% |
-1.0 |
%p |
SAC |
|
32 |
|
27 |
|
33 |
|
32 |
|
16 |
|
25 |
|
-21.9 |
% |
- Contract |
|
83 |
|
65 |
|
70 |
|
75 |
|
60 |
|
67 |
|
-19.3 |
% |
- Prepay |
|
18 |
|
11 |
|
18 |
|
15 |
|
6 |
|
11 |
|
-38.9 |
% |
ARPU |
|
16 |
|
15 |
|
16 |
|
16 |
|
16 |
|
16 |
|
0.0 |
% |
- Contract |
|
40 |
|
37 |
|
39 |
|
39 |
|
39 |
|
39 |
|
-2.5 |
% |
- Prepay |
|
10 |
|
8 |
|
9 |
|
9 |
|
8 |
|
8 |
|
-20.0 |
% |
Non-Voice % of ARPU |
|
20 |
% |
20 |
% |
19 |
% |
20 |
% |
20 |
% |
20 |
% |
0 |
%p |
Cash Capex (million) |
|
89 |
|
33 |
|
6 |
|
15 |
|
16 |
|
70 |
|
-21.3 |
% |
Cash Contribution (million)(1) |
|
251 |
|
53 |
|
84 |
|
87 |
|
70 |
|
294 |
|
17.1 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
TMO NL
NL Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,987 |
|
2,109 |
|
2,224 |
|
2,253 |
|
2,261 |
|
2,261 |
|
13.8 |
% |
- Contract |
|
901 |
|
986 |
|
1,033 |
|
1,032 |
|
1,053 |
|
1,053 |
|
16.9 |
% |
- Prepay |
|
1,085 |
|
1,123 |
|
1,190 |
|
1,221 |
|
1,208 |
|
1,208 |
|
11.3 |
% |
Net adds |
|
550 |
|
123 |
|
114 |
|
29 |
|
8 |
|
274 |
|
-50.2 |
% |
- Contract |
|
258 |
|
85 |
|
47 |
|
-2 |
|
21 |
|
151 |
|
-41.5 |
% |
- Prepay |
|
292 |
|
38 |
|
67 |
|
31 |
|
-13 |
|
123 |
|
-57.9 |
% |
Average monthly churn |
|
2.6 |
% |
2.3 |
% |
2.1 |
% |
2.3 |
% |
3.0 |
% |
2.4 |
% |
-0.2 |
%p |
- Contract |
|
1.6 |
% |
1.8 |
% |
1.4 |
% |
1.7 |
% |
2.1 |
% |
1.7 |
% |
0.1 |
%p |
NL Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
860 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
21.6 |
% |
ARPU Revenue (million) |
|
783 |
|
217 |
|
239 |
|
250 |
|
242 |
|
948 |
|
21.1 |
% |
EBITDA (million) |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
132.3 |
% |
EBITDA margin (total rev.) |
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
6.6 |
%p |
EBITDA margin (ARPU rev.) |
|
7.9 |
% |
1.4 |
% |
15.5 |
% |
23.2 |
% |
19.0 |
% |
15.2 |
% |
7.3 |
%p |
SAC |
|
146 |
|
237 |
|
164 |
|
114 |
|
186 |
|
180 |
|
23.3 |
% |
- Contract |
|
316 |
|
393 |
|
366 |
|
314 |
|
432 |
|
384 |
|
21.5 |
% |
- Prepay |
|
42 |
|
77 |
|
55 |
|
39 |
|
30 |
|
51 |
|
21.4 |
% |
ARPU |
|
38 |
|
35 |
|
37 |
|
37 |
|
36 |
|
36 |
|
-5.3 |
% |
- Contract |
|
66 |
|
62 |
|
65 |
|
67 |
|
65 |
|
65 |
|
-1.5 |
% |
- Prepay |
|
14 |
|
12 |
|
12 |
|
12 |
|
11 |
|
12 |
|
-14.3 |
% |
Non-Voice % of ARPU |
|
13 |
% |
13 |
% |
13 |
% |
13 |
% |
13 |
% |
13 |
% |
0 |
%p |
Cash Capex (million) |
|
161 |
|
15 |
|
17 |
|
26 |
|
50 |
|
108 |
|
-32.9 |
% |
Cash Contribution (million)(1) |
|
-99 |
|
-12 |
|
20 |
|
32 |
|
-4 |
|
36 |
|
n.a. |
|
(1) Defined as adj. EBITDA minus Cash Capex
TMO HU
HU Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
3,766 |
|
3,838 |
|
3,913 |
|
3,989 |
|
4,032 |
|
4,032 |
|
7.1 |
% |
- Contract |
|
982 |
|
1,012 |
|
1,053 |
|
1,112 |
|
1,163 |
|
1,163 |
|
18.4 |
% |
- Prepay |
|
2,784 |
|
2,826 |
|
2,860 |
|
2,877 |
|
2,869 |
|
2,869 |
|
3.1 |
% |
Net adds |
|
363 |
|
72 |
|
75 |
|
76 |
|
43 |
|
266 |
|
-26.7 |
% |
- Contract |
|
131 |
|
30 |
|
41 |
|
59 |
|
51 |
|
181 |
|
38.2 |
% |
- Prepay |
|
232 |
|
42 |
|
35 |
|
17 |
|
-9 |
|
85 |
|
-63.4 |
% |
Average monthly churn |
|
1.6 |
% |
0.8 |
% |
1.0 |
% |
1.7 |
% |
1.8 |
% |
1.3 |
% |
-0.3 |
%p |
- Contract |
|
1.0 |
% |
0.9 |
% |
0.9 |
% |
1.1 |
% |
1.0 |
% |
1.0 |
% |
0.0 |
%p |
HU Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
999 |
|
235 |
|
266 |
|
274 |
|
274 |
|
1,049 |
|
5.0 |
% |
ARPU Revenue (million) |
|
899 |
|
215 |
|
237 |
|
244 |
|
245 |
|
941 |
|
4.7 |
% |
EBITDA (million) |
|
374 |
|
97 |
|
111 |
|
99 |
|
106 |
|
413 |
|
10.4 |
% |
EBITDA margin (total rev.) |
|
37.4 |
% |
41.3 |
% |
41.7 |
% |
36.1 |
% |
38.7 |
% |
39.4 |
% |
2.0 |
%p |
EBITDA margin (ARPU rev.) |
|
41.6 |
% |
45.1 |
% |
46.8 |
% |
40.6 |
% |
43.3 |
% |
43.9 |
% |
2.3 |
%p |
SAC |
|
49 |
|
40 |
|
42 |
|
48 |
|
37 |
|
42 |
|
-14.3 |
% |
- Contract |
|
81 |
|
75 |
|
73 |
|
85 |
|
71 |
|
76 |
|
-6.2 |
% |
- Prepay |
|
41 |
|
25 |
|
29 |
|
35 |
|
25 |
|
29 |
|
-29.3 |
% |
ARPU |
|
21 |
|
19 |
|
20 |
|
20 |
|
21 |
|
20 |
|
-4.8 |
% |
- Contract |
|
53 |
|
47 |
|
50 |
|
49 |
|
48 |
|
49 |
|
-7.5 |
% |
- Prepay |
|
11 |
|
9 |
|
10 |
|
10 |
|
10 |
|
9 |
|
-18.2 |
% |
Non-Voice % of ARPU |
|
11 |
% |
12 |
% |
11 |
% |
12 |
% |
13 |
% |
12 |
% |
1 |
%p |
Cash Capex (million) |
|
147 |
|
32 |
|
36 |
|
20 |
|
28 |
|
116 |
|
-21.1 |
% |
Cash Contribution (million)(1) |
|
227 |
|
65 |
|
75 |
|
79 |
|
78 |
|
297 |
|
30.8 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
TMO HT
Croatia Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,340 |
|
1,354 |
|
1,380 |
|
1,428 |
|
1,534 |
|
1,534 |
|
14.5 |
% |
- Contract |
|
253 |
|
254 |
|
261 |
|
267 |
|
300 |
|
300 |
|
18.6 |
% |
- Prepay |
|
1,088 |
|
1,100 |
|
1,119 |
|
1,161 |
|
1,234 |
|
1,234 |
|
13.4 |
% |
Net adds |
|
98 |
|
14 |
|
26 |
|
49 |
|
105 |
|
194 |
|
98.0 |
% |
- Contract |
|
18 |
|
2 |
|
7 |
|
7 |
|
33 |
|
48 |
|
166.7 |
% |
- Prepay |
|
80 |
|
12 |
|
19 |
|
42 |
|
73 |
|
146 |
|
82.5 |
% |
Average monthly churn |
|
1.7 |
% |
1.4 |
% |
1.2 |
% |
0.8 |
% |
0.9 |
% |
1.1 |
% |
-0.6 |
%p |
- Contract |
|
2.3 |
% |
2.0 |
% |
1.6 |
% |
1.2 |
% |
1.1 |
% |
1.4 |
% |
-0.9 |
%p |
Croatia Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
377 |
|
89 |
|
106 |
|
136 |
|
105 |
|
436 |
|
15.6 |
% |
ARPU Revenue (million) |
|
350 |
|
84 |
|
98 |
|
129 |
|
95 |
|
406 |
|
16.0 |
% |
EBITDA (million) |
|
160 |
|
37 |
|
50 |
|
79 |
|
27 |
|
193 |
|
20.6 |
% |
EBITDA margin (total rev.) |
|
42.4 |
% |
41.6 |
% |
47.2 |
% |
58.1 |
% |
25.7 |
% |
44.3 |
% |
1.9 |
%p |
EBITDA margin (ARPU rev.) |
|
45.7 |
% |
44.0 |
% |
51.0 |
% |
61.2 |
% |
28.4 |
% |
47.5 |
% |
1.8 |
%p |
SAC |
|
53 |
|
57 |
|
64 |
|
51 |
|
96 |
|
72 |
|
35.8 |
% |
- Contract |
|
58 |
|
105 |
|
115 |
|
79 |
|
158 |
|
126 |
|
117.2 |
% |
- Prepay |
|
52 |
|
41 |
|
47 |
|
45 |
|
71 |
|
54 |
|
3.8 |
% |
ARPU |
|
22 |
|
21 |
|
24 |
|
31 |
|
21 |
|
24 |
|
9.1 |
% |
- Contract |
|
72 |
|
59 |
|
71 |
|
104 |
|
60 |
|
73 |
|
1.4 |
% |
- Prepay |
|
11 |
|
12 |
|
13 |
|
14 |
|
12 |
|
13 |
|
18.2 |
% |
Non-Voice % of ARPU |
|
13 |
% |
17 |
% |
15 |
% |
12 |
% |
17 |
% |
15 |
% |
2 |
%p |
Cash Capex (million) |
|
55 |
|
4 |
|
15 |
|
4 |
|
15 |
|
38 |
|
-30.9 |
% |
Cash Contribution (million)(1) |
|
105 |
|
33 |
|
35 |
|
75 |
|
12 |
|
155 |
|
47.6 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Eurotel
Eurotel Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
1,613 |
|
1,685 |
|
1,740 |
|
1,807 |
|
1,915 |
|
1,915 |
|
18.7 |
% |
- Contract |
|
460 |
|
490 |
|
517 |
|
563 |
|
647 |
|
647 |
|
40.7 |
% |
- Prepay |
|
1,154 |
|
1,195 |
|
1,223 |
|
1,244 |
|
1,267 |
|
1,267 |
|
9.8 |
% |
Net adds |
|
315 |
|
71 |
|
56 |
|
67 |
|
108 |
|
301 |
|
-4.4 |
% |
- Contract |
|
153 |
|
30 |
|
27 |
|
46 |
|
84 |
|
188 |
|
22.9 |
% |
- Prepay |
|
162 |
|
41 |
|
28 |
|
21 |
|
23 |
|
113 |
|
-30.2 |
% |
Average monthly churn |
|
1.3 |
% |
1.4 |
% |
1.2 |
% |
1.4 |
% |
1.6 |
% |
1.4 |
% |
0.1 |
%p |
- Contract |
|
0.9 |
% |
0.8 |
% |
0.9 |
% |
0.8 |
% |
1.0 |
% |
0.9 |
% |
0.0 |
%p |
Eurotel Financials
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
271 |
|
75 |
|
80 |
|
85 |
|
91 |
|
332 |
|
22.5 |
% |
ARPU Revenue (million) |
|
240 |
|
68 |
|
73 |
|
79 |
|
83 |
|
303 |
|
26.3 |
% |
EBITDA (million) |
|
107 |
|
32 |
|
34 |
|
34 |
|
23 |
|
123 |
|
15.0 |
% |
EBITDA margin (total rev.) |
|
39.6 |
% |
43.0 |
% |
42.0 |
% |
39.8 |
% |
25.1 |
% |
37.0 |
% |
-2.6 |
%p |
EBITDA margin (ARPU rev.) |
|
44.7 |
% |
47.1 |
% |
46.1 |
% |
43.1 |
% |
27.7 |
% |
40.5 |
% |
-4.2 |
%p |
SAC |
|
33 |
|
28 |
|
28 |
|
35 |
|
41 |
|
34 |
|
3.0 |
% |
- Contract |
|
109 |
|
99 |
|
116 |
|
141 |
|
120 |
|
119 |
|
9.2 |
% |
- Prepay |
|
7 |
|
5 |
|
6 |
|
6 |
|
8 |
|
6 |
|
-14.3 |
% |
ARPU |
|
14 |
|
14 |
|
14 |
|
15 |
|
15 |
|
14 |
|
0.0 |
% |
- Contract |
|
35 |
|
34 |
|
35 |
|
35 |
|
34 |
|
34 |
|
-2.9 |
% |
- Prepay |
|
6 |
|
6 |
|
6 |
|
6 |
|
6 |
|
6 |
|
0.0 |
% |
Non-Voice % of ARPU |
|
11 |
% |
13 |
% |
13 |
% |
13 |
% |
15 |
% |
13 |
% |
2 |
%p |
Cash Capex (million) |
|
74 |
|
15 |
|
17 |
|
28 |
|
20 |
|
81 |
|
9.5 |
% |
Cash Contribution (million)(2) |
|
33 |
|
17 |
|
17 |
|
6 |
|
3 |
|
42 |
|
27.3 |
% |
(1) Fully consolidated as of Q1/05
(2) Defined as adj. EBITDA minus Cash Capex
Mobimak
Mobimak Stats
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Customers (end of period) |
|
524 |
|
565 |
|
623 |
|
693 |
|
752 |
|
752 |
|
43.5 |
% |
- Contract |
|
99 |
|
102 |
|
107 |
|
113 |
|
119 |
|
119 |
|
20.2 |
% |
- Prepay |
|
425 |
|
463 |
|
516 |
|
580 |
|
634 |
|
634 |
|
49.2 |
% |
Net adds |
|
157 |
|
42 |
|
58 |
|
70 |
|
59 |
|
229 |
|
45.9 |
% |
- Contract |
|
7 |
|
3 |
|
5 |
|
7 |
|
5 |
|
20 |
|
185.7 |
% |
- Prepay |
|
151 |
|
38 |
|
53 |
|
63 |
|
54 |
|
209 |
|
38.4 |
% |
Average monthly churn |
|
0.7 |
% |
0.9 |
% |
0.9 |
% |
0.8 |
% |
1.3 |
% |
1.0 |
% |
0.3 |
%p |
- Contract |
|
1.4 |
% |
1.2 |
% |
0.8 |
% |
0.8 |
% |
0.9 |
% |
0.9 |
% |
-0.5 |
%p |
Mobimak Financials
000 |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenues (million) |
|
122 |
|
30 |
|
35 |
|
36 |
|
34 |
|
135 |
|
10.7 |
% |
ARPU Revenue (million) |
|
115 |
|
28 |
|
29 |
|
34 |
|
30 |
|
121 |
|
5.2 |
% |
EBITDA (million) |
|
68 |
|
16 |
|
19 |
|
19 |
|
17 |
|
71 |
|
4.4 |
% |
EBITDA margin (total rev.) |
|
55.7 |
% |
53.3 |
% |
54.3 |
% |
52.8 |
% |
50.0 |
% |
52.6 |
% |
-3.1 |
%p |
EBITDA margin (ARPU rev.) |
|
59.1 |
% |
57.1 |
% |
65.5 |
% |
55.9 |
% |
56.7 |
% |
58.7 |
% |
-0.4 |
%p |
SAC |
|
27 |
|
19 |
|
20 |
|
18 |
|
22 |
|
20 |
|
-25.9 |
% |
- Contract |
|
na |
|
21 |
|
27 |
|
36 |
|
41 |
|
32 |
|
n.a. |
|
- Prepay |
|
na |
|
19 |
|
20 |
|
16 |
|
20 |
|
19 |
|
n.a. |
|
ARPU |
|
na |
|
17 |
|
16 |
|
17 |
|
14 |
|
16 |
|
n.a. |
|
- Contract |
|
na |
|
45 |
|
43 |
|
48 |
|
39 |
|
44 |
|
n.a. |
|
- Prepay |
|
na |
|
11 |
|
11 |
|
11 |
|
9 |
|
10 |
|
n.a. |
|
Non-Voice % of ARPU |
|
na |
|
11 |
% |
11 |
% |
10 |
% |
11 |
% |
11 |
% |
n.a. |
|
Cash Capex (million) |
|
34 |
|
1 |
|
5 |
|
2 |
|
1 |
|
9 |
|
-73.5 |
% |
Cash Contribution (million)(1) |
|
34 |
|
15 |
|
14 |
|
17 |
|
16 |
|
62 |
|
82.4 |
% |
(1) Defined as adj. EBITDA minus Cash Capex
Adjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
EBITDA |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
10.5 |
% |
EBITDA margin |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
1.2 |
%p |
Depreciation and amortization |
|
-1,066 |
|
-232 |
|
-243 |
|
-234 |
|
-238 |
|
-947 |
|
11.2 |
% |
Financial income/ expense, net(1) |
|
-515 |
|
-166 |
|
-24 |
|
-173 |
|
-26 |
|
-389 |
|
24.5 |
% |
Income before taxes = EBT |
|
-99 |
|
-4 |
|
159 |
|
46 |
|
101 |
|
302 |
|
n.m. |
|
Capex |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
n.a. |
|
Cash contribution |
|
755 |
|
254 |
|
204 |
|
252 |
|
58 |
|
770 |
|
40.5 |
% |
Special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
50 |
|
-3 |
|
-43 |
|
-5 |
|
-70 |
|
-121 |
|
- of which gain of sale of Siris |
|
19 |
|
|
|
|
|
|
|
|
|
|
|
- of which gain of sale of Telecash |
|
106 |
|
|
|
|
|
|
|
|
|
|
|
- of which loss on sale of Multilink and T-Systems CS (Switzerland) |
|
-58 |
|
|
|
|
|
|
|
|
|
|
|
- of which restructuring provisions |
|
-7 |
|
-3 |
|
|
|
|
|
-53 |
|
-56 |
|
- of which transfer payment Vivento |
|
-10 |
|
|
|
-43 |
|
-14 |
|
-17 |
|
-74 |
|
- of which gain of sale of cc-chemplorer |
|
|
|
|
|
|
|
9 |
|
|
|
9 |
|
Effect on Income before taxes = EBT |
|
50 |
|
-3 |
|
-43 |
|
-5 |
|
-70 |
|
-121 |
|
Unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
% |
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
0.2 |
% |
0.2 |
% |
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
-0.3 |
% |
-0.3 |
% |
EBITDA |
|
1,532 |
|
390 |
|
383 |
|
448 |
|
295 |
|
1,517 |
|
-1.0 |
% |
-1.0 |
% |
EBITDA margin |
|
11.8 |
% |
12.7 |
% |
11.7 |
% |
14.1 |
% |
8.6 |
% |
11.7 |
% |
-0.1 |
%p |
|
|
Depreciation and amortization |
|
-1,066 |
|
-232 |
|
-243 |
|
-234 |
|
-238 |
|
-947 |
|
11.2 |
% |
11.2 |
% |
Financial income/ expense, net(1) |
|
-515 |
|
-166 |
|
-24 |
|
-173 |
|
-26 |
|
-389 |
|
24.5 |
% |
24.5 |
% |
Income before taxes = EBT |
|
-49 |
|
-7 |
|
116 |
|
41 |
|
31 |
|
181 |
|
n.m. |
|
n.a. |
|
EBITDA Reconciliation.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
||
Total revenue |
|
3,441 |
|
12,937 |
|
12,957 |
|
||
Income before taxes = EBT |
|
31 |
|
-49 |
|
181 |
|
||
= |
EBT |
|
31 |
|
-49 |
|
181 |
|
|
- |
Special influences affecting EBT |
|
-70 |
|
50 |
|
-121 |
|
|
= |
Adj. EBT |
|
101 |
|
-99 |
|
302 |
|
|
- |
Financial income/ expense, net(1) |
|
-26 |
|
-515 |
|
-389 |
|
|
- |
Depreciation and amortization |
|
-238 |
|
-1,066 |
|
-947 |
|
|
= |
EBITDA |
|
295 |
|
1,532 |
|
1,517 |
|
|
|
EBITDA margin |
|
8.6 |
% |
11.8 |
% |
11.7 |
% |
|
- |
Special influences affecting EBITDA |
|
-70 |
|
50 |
|
-121 |
|
|
= |
Adj. EBITDA |
|
365 |
|
1,482 |
|
1,638 |
|
|
|
Adj. EBITDA margin |
|
10.6 |
% |
11.5 |
% |
12.6 |
% |
|
T-Systems Enterprise Services.
Summary
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
8,235 |
|
1,907 |
|
2,102 |
|
2,039 |
|
2,200 |
|
8,248 |
|
0.2 |
% |
Adj. EBITDA |
|
1,422 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
-11.0 |
% |
Adj. EBITDA margin |
|
17.3 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
-1.9 |
%p |
Capex |
|
768 |
|
114 |
|
171 |
|
159 |
|
257 |
|
701 |
|
-8.7 |
% |
Cash contribution |
|
654 |
|
205 |
|
157 |
|
210 |
|
-8 |
|
564 |
|
-13.8 |
% |
Headcount (average number) |
|
36,554 |
|
35,110 |
|
35,520 |
|
35,860 |
|
35,626 |
|
35,529 |
|
-2.8 |
% |
T-Systems Business Services.
Summary
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
4,702 |
|
1,168 |
|
1,170 |
|
1,129 |
|
1,242 |
|
4,709 |
|
0.1 |
% |
Adj. EBITDA |
|
60 |
|
74 |
|
99 |
|
84 |
|
116 |
|
373 |
|
521.7 |
% |
Adj. EBITDA margin |
|
1.3 |
% |
6.3 |
% |
8.5 |
% |
7.4 |
% |
9.2 |
% |
7.8 |
% |
6.6 |
%p |
Capex |
|
166 |
|
25 |
|
51 |
|
42 |
|
50 |
|
167 |
|
0.6 |
% |
Cash contribution |
|
-106 |
|
49 |
|
48 |
|
42 |
|
-64 |
|
75 |
|
n.a. |
|
Headcount (average number) |
|
17,836 |
|
17,247 |
|
17,210 |
|
15,734 |
|
15,606 |
|
15,449 |
|
-13.4 |
% |
Group Headquarters & Shared Services
Adjusted for specials influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Net revenue |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
EBITDA |
|
-503 |
|
-87 |
|
-165 |
|
-22 |
|
-274 |
|
-548 |
|
-8.9 |
% |
- of which Vivento |
|
0 |
|
-175 |
|
-272 |
|
-148 |
|
-199 |
|
-794 |
|
n.a. |
|
EBITDA margin |
|
-15.4 |
% |
-10.0 |
% |
-18.7 |
% |
-2.5 |
% |
-30.8 |
% |
-15.5 |
% |
-0.1 |
%p |
Depreciation and amortization |
|
-771 |
|
-204 |
|
-196 |
|
-237 |
|
-239 |
|
-876 |
|
-13.6 |
% |
Financial income/expense, net |
|
-3,487 |
|
-812 |
|
-743 |
|
-666 |
|
-725 |
|
-2,946 |
|
15.5 |
% |
Income before taxes = EBT |
|
-4,761 |
|
-1,103 |
|
-1,104 |
|
-925 |
|
-1,238 |
|
-4,370 |
|
8.2 |
% |
Cash capex |
|
461 |
|
56 |
|
165 |
|
133 |
|
164 |
|
518 |
|
12.4 |
% |
Group Headquarters & Shared Services
Special influences.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
Effect on EBITDA |
|
107 |
|
-33 |
|
43 |
|
21 |
|
-39 |
|
-8 |
|
- of which transfer payment Vivento |
|
131 |
|
|
|
43 |
|
21 |
|
19 |
|
83 |
|
- Accrual |
|
|
|
|
|
|
|
|
|
-51 |
|
-51 |
|
- Accruals for reduction of personnel |
|
-24 |
|
-33 |
|
|
|
|
|
-7 |
|
-40 |
|
Effects on Income before taxes = EBT |
|
266 |
|
-33 |
|
135 |
|
21 |
|
127 |
|
250 |
|
Group Headquarters & Shared Services
EBITDA Reconciliation.
million |
|
Q4/04 |
|
FY/03 |
|
FY/04 |
|
|
Total revenue |
|
891 |
|
3,271 |
|
3,526 |
|
|
Income before taxes = EBT |
|
-1,111 |
|
-4,495 |
|
-4,120 |
|
|
- |
Financial income/expense, net |
|
-559 |
|
-3,328 |
|
-2,688 |
|
- |
Depreciation and amortization |
|
-239 |
|
-771 |
|
-876 |
|
= |
EBITDA |
|
-313 |
|
-396 |
|
-556 |
|
|
EBITDA margin |
|
-35.1 |
% |
-12.1 |
% |
-15.8 |
% |
- |
Special influences affecting EBITDA |
|
-39 |
|
107 |
|
-8 |
|
= |
Adj. EBITDA |
|
-274 |
|
-503 |
|
-548 |
|
|
Adj. EBITDA margin |
|
-30.8 |
% |
-15.4 |
% |
-15.5 |
% |
Group Headquarters & Shared Services
Unadjusted.
million |
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
% y.o.y. |
|
Total revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
7.8 |
% |
Net revenue |
|
235 |
|
64 |
|
67 |
|
56 |
|
73 |
|
260 |
|
10.6 |
% |
EBITDA |
|
-396 |
|
-120 |
|
-122 |
|
-1 |
|
-313 |
|
-556 |
|
-40.4 |
% |
- of which Vivento |
|
0 |
|
-208 |
|
-229 |
|
-117 |
|
-185 |
|
-739 |
|
n.a. |
|
EBITDA margin |
|
-12.1 |
% |
-13.9 |
% |
-13.8 |
% |
-0.1 |
% |
-35.1 |
% |
-15.8 |
% |
-3.7 |
%p |
Depreciation and amortization |
|
-771 |
|
-204 |
|
-196 |
|
-237 |
|
-239 |
|
-876 |
|
-13.6 |
% |
Financial income/ expense, net |
|
-3,328 |
|
-812 |
|
-651 |
|
-666 |
|
-559 |
|
-2,688 |
|
19.2 |
% |
Income before taxes = EBT |
|
-4,495 |
|
-1,136 |
|
-969 |
|
-904 |
|
-1,111 |
|
-4,120 |
|
8 |
% |
Exchange Rates.
Average.
|
|
FY/03 |
|
Q1/04 |
|
Q2/04 |
|
Q3/04 |
|
Q4/04 |
|
FY/04 |
|
1 US-Dollar (USD) |
|
0.84148 |
|
0.88492 |
|
0.79953 |
|
0.83033 |
|
0.81840 |
|
0.81580 |
|
1 British Pound (GBP) |
|
1.43370 |
|
1.44585 |
|
1.46948 |
|
1.49879 |
|
1.48754 |
|
1.48508 |
|
100 Czechs Koruna (CZK) |
|
3.11907 |
|
3.14101 |
|
3.04350 |
|
3.12105 |
|
3.16509 |
|
3.11073 |
|
100 Croatian Kuna (HRK) |
|
13.10630 |
|
13.21220 |
|
13.14380 |
|
13.44700 |
|
13.52170 |
|
13.37200 |
|
1000 Hungarian Forint (HUF) |
|
3.84949 |
|
3.94347 |
|
3.84654 |
|
3.97090 |
|
4.02139 |
|
3.94650 |
|
100 Slovak Krona (SKK) |
|
2.42820 |
|
2.41004 |
|
2.46536 |
|
2.49514 |
|
2.49849 |
|
2.48648 |
|
Exchange Rates.
End of period.
|
|
31/12/03 |
|
31/03/04 |
|
30/06/04 |
|
30/09/04 |
|
31/12/04 |
|
1 US-Dollar (USD) |
|
0.85573 |
|
0.79340 |
|
0.81793 |
|
0.82251 |
|
0.81077 |
|
1 British Pound (GBP) |
|
1.43145 |
|
1.41663 |
|
1.50039 |
|
1.49010 |
|
1.45817 |
|
100 Czechs Koruna (CZK) |
|
3.14179 |
|
3.08873 |
|
3.04442 |
|
3.14684 |
|
3.15847 |
|
100 Croatian Kuna (HRK) |
|
13.25580 |
|
13.11000 |
|
13.37980 |
|
13.61490 |
|
13.19060 |
|
1000 Hungarian Forint (HUF) |
|
3.92126 |
|
3.79407 |
|
4.01801 |
|
3.97789 |
|
4.04106 |
|
100 Slovak Krona (SKK) |
|
2.42925 |
|
2.43000 |
|
2.49252 |
|
2.50784 |
|
2.49657 |
|
Step 1: IFRS. Deutsche Telekom Group Ger. GAAP
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
55,838 |
|
13,986 |
|
14,412 |
|
14,524 |
|
14,958 |
|
57,880 |
|
Cost of sales |
|
|
|
(31,233 |
) |
(7,570 |
) |
(7,766 |
) |
(7,849 |
) |
(8,140 |
) |
(31,325 |
) |
Gross profit from sales |
|
|
|
24,605 |
|
6,416 |
|
6,646 |
|
6,675 |
|
6,818 |
|
26,555 |
|
Selling costs |
|
|
|
(13,420 |
) |
(3,295 |
) |
(3,274 |
) |
(3,014 |
) |
(3,675 |
) |
(13,258 |
) |
General administrative costs |
|
|
|
(4,635 |
) |
(1,105 |
) |
(1,129 |
) |
(1,060 |
) |
(1,249 |
) |
(4,543 |
) |
Other operating income |
|
|
|
3,402 |
|
731 |
|
780 |
|
719 |
|
908 |
|
3,138 |
|
Other operating expenses |
|
|
|
(4,710 |
) |
(1,222 |
) |
(1,308 |
) |
(1,094 |
) |
(1,348 |
) |
(4,972 |
) |
Operating results |
|
2 |
|
5,242 |
|
1,525 |
|
1,715 |
|
2,226 |
|
1,454 |
|
6,920 |
|
Financial income (expense), net |
|
3 |
|
(4,120 |
) |
(1,110 |
) |
(681 |
) |
(793 |
) |
(743 |
) |
(3,327 |
) |
of which interest expenses |
|
|
|
(3,776 |
) |
(973 |
) |
(795 |
) |
(836 |
) |
(747 |
) |
(3,351 |
) |
Income (loss) before income taxes |
|
4 |
|
1,122 |
|
415 |
|
1,034 |
|
1,433 |
|
711 |
|
3,593 |
|
Income taxes |
|
5 |
|
(530 |
) |
(91 |
) |
(213 |
) |
(340 |
) |
(399 |
) |
(1,043 |
) |
Income (loss) after taxes |
|
6 |
|
592 |
|
324 |
|
821 |
|
1,093 |
|
312 |
|
2,550 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(370 |
) |
(97 |
) |
(93 |
) |
(104 |
) |
(60 |
) |
(354 |
) |
Net income (loss) |
|
8 |
|
222 |
|
227 |
|
728 |
|
989 |
|
252 |
|
2,196 |
|
EBIT |
|
9 |
|
5,404 |
|
1,569 |
|
1,768 |
|
2,273 |
|
1,509 |
|
7,119 |
|
EBIT margin |
|
|
|
9.7 |
% |
11.2 |
% |
12.3 |
% |
15.6 |
% |
10.1 |
% |
12.3 |
% |
EBITDA |
|
10 |
|
18,288 |
|
4,585 |
|
4,783 |
|
5,264 |
|
4,732 |
|
19,364 |
|
EBITDA margin |
|
|
|
32.8 |
% |
32.8 |
% |
33.2 |
% |
36.2 |
% |
31.6 |
% |
33.5 |
% |
Depreciation and amortization |
|
11 |
|
(12,884 |
) |
(3,016 |
) |
(3,015 |
) |
(2,991 |
) |
(3,225 |
) |
(12,245 |
) |
Capex |
|
12 |
|
6,234 |
|
1,019 |
|
1,517 |
|
1,275 |
|
2,125 |
|
5,936 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
8,285 |
|
2,900 |
|
1,294 |
|
2,391 |
|
3,595 |
|
10,180 |
|
Net debt in billion |
|
14 |
|
46.6 |
|
44.6 |
|
43.3 |
|
40.8 |
|
35.2 |
|
35.2 |
|
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
55,838 |
|
13,986 |
|
14,412 |
|
14,524 |
|
14,958 |
|
57,880 |
|
Cost of sales |
|
|
|
(31,402 |
) |
(7,570 |
) |
(7,766 |
) |
(7,849 |
) |
(8,217 |
) |
(31,402 |
) |
Gross profit from sales |
|
|
|
24,436 |
|
6,416 |
|
6,646 |
|
6,675 |
|
6,741 |
|
26,478 |
|
Selling costs |
|
|
|
(13,505 |
) |
(3,295 |
) |
(3,274 |
) |
(3,014 |
) |
(3,699 |
) |
(13,282 |
) |
General administrative costs |
|
|
|
(4,976 |
) |
(1,105 |
) |
(1,129 |
) |
(1,060 |
) |
(1,386 |
) |
(4,680 |
) |
Other operating income |
|
|
|
4,558 |
|
731 |
|
2,758 |
|
1,369 |
|
2,078 |
|
6,936 |
|
Other operating expenses |
|
|
|
(5,084 |
) |
(1,291 |
) |
(1,914 |
) |
(1,203 |
) |
(1,176 |
) |
(5,584 |
) |
Operating results |
|
2 |
|
5,429 |
|
1,456 |
|
3,087 |
|
2,767 |
|
2,558 |
|
9,868 |
|
Financial income (expense), net |
|
3 |
|
(4,031 |
) |
(1,110 |
) |
(681 |
) |
(793 |
) |
(743 |
) |
(3,327 |
) |
of which interest expenses |
|
|
|
(3,776 |
) |
(973 |
) |
(795 |
) |
(836 |
) |
(747 |
) |
(3,351 |
) |
Income (loss) before income taxes |
|
4 |
|
1,398 |
|
346 |
|
2,406 |
|
1,974 |
|
1,815 |
|
6,541 |
|
Income taxes |
|
5 |
|
225 |
|
(80 |
) |
(658 |
) |
(483 |
) |
(387 |
) |
(1,608 |
) |
Income (loss) after taxes |
|
6 |
|
1,623 |
|
266 |
|
1,748 |
|
1,491 |
|
1,428 |
|
4,933 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(370 |
) |
(97 |
) |
(93 |
) |
(104 |
) |
(5 |
) |
(299 |
) |
Net income (loss) |
|
8 |
|
1,253 |
|
169 |
|
1,655 |
|
1,387 |
|
1,423 |
|
4,634 |
|
EBIT |
|
9 |
|
5,591 |
|
1,500 |
|
3,140 |
|
2,814 |
|
2,613 |
|
10,067 |
|
EBIT margin |
|
|
|
10.0 |
% |
10.7 |
% |
21.8 |
% |
19.4 |
% |
17.5 |
% |
17.4 |
% |
EBITDA |
|
10 |
|
18,475 |
|
4,516 |
|
6,155 |
|
5,805 |
|
5,839 |
|
22,315 |
|
EBITDA margin |
|
|
|
33.1 |
% |
32.3 |
% |
42.7 |
% |
40.0 |
% |
39.0 |
% |
38.6 |
% |
Depreciation and amortization |
|
11 |
|
(12,884 |
) |
(3,016 |
) |
(3,015 |
) |
(2,991 |
) |
(3,226 |
) |
(12,248 |
) |
Capex |
|
12 |
|
6,234 |
|
1,019 |
|
1,517 |
|
1,275 |
|
2,125 |
|
5,936 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
8,285 |
|
2,900 |
|
1,294 |
|
2,391 |
|
3,595 |
|
10,180 |
|
Net debt in billion |
|
14 |
|
46.6 |
|
44.6 |
|
43.3 |
|
40.8 |
|
35.2 |
|
35.2 |
|
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
|
(169 |
) |
0 |
|
0 |
|
0 |
|
(77 |
) |
(77 |
) |
Gross profit from sales |
|
|
|
(169 |
) |
0 |
|
0 |
|
0 |
|
(77 |
) |
(77 |
) |
Selling costs |
|
|
|
(85 |
) |
0 |
|
0 |
|
0 |
|
(24 |
) |
(24 |
) |
General administrative costs |
|
|
|
(341 |
) |
0 |
|
0 |
|
0 |
|
(137 |
) |
(137 |
) |
Other operating income |
|
|
|
1,156 |
|
0 |
|
1,978 |
|
650 |
|
1,170 |
|
3,798 |
|
Other operating expenses |
|
|
|
(374 |
) |
(69 |
) |
(606 |
) |
(109 |
) |
172 |
|
(612 |
) |
Operating results |
|
2 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
Financial income (expense), net |
|
3 |
|
89 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which interest expenses |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
4 |
|
276 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
Income taxes |
|
5 |
|
755 |
|
11 |
|
(445 |
) |
(143 |
) |
12 |
|
(565 |
) |
Income (loss) after taxes |
|
6 |
|
1,031 |
|
(58 |
) |
927 |
|
398 |
|
1,116 |
|
2,383 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income (loss) |
|
8 |
|
1,031 |
|
(58 |
) |
927 |
|
398 |
|
1,171 |
|
2,438 |
|
EBIT |
|
9 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,104 |
|
2,948 |
|
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
10 |
|
187 |
|
(69 |
) |
1,372 |
|
541 |
|
1,107 |
|
2,951 |
|
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
11 |
|
0 |
|
0 |
|
0 |
|
0 |
|
(1 |
) |
(3 |
) |
Capex |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Free-Cash-Flow (before dividend) |
|
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt in billion |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 1: IFRS. Deutsche Telekom Group IFRS
IFRS adjusted |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
Cost of sales |
|
|
|
(29,347 |
) |
(7,219 |
) |
(7,618 |
) |
(7,514 |
) |
(7,872 |
) |
(30,223 |
) |
Gross profit from sales |
|
|
|
26,156 |
|
6,671 |
|
6,759 |
|
6,839 |
|
6,868 |
|
27,137 |
|
Selling costs |
|
|
|
(12,742 |
) |
(3,207 |
) |
(3,072 |
) |
(3,031 |
) |
(3,503 |
) |
(12,813 |
) |
General administrative costs |
|
|
|
(4,515 |
) |
(1,034 |
) |
(1,148 |
) |
(1,002 |
) |
(1,184 |
) |
(4,368 |
) |
Other operating income |
|
|
|
1,851 |
|
361 |
|
398 |
|
396 |
|
479 |
|
1,634 |
|
Other operating expenses |
|
|
|
(1,508 |
) |
(306 |
) |
(375 |
) |
(331 |
) |
(380 |
) |
(1,392 |
) |
Operating results |
|
2 |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
Financial income (expense), net |
|
3 |
|
(4,878 |
) |
(1,224 |
) |
(788 |
) |
(1,024 |
) |
(937 |
) |
(3,973 |
) |
of which interest expenses |
|
|
|
(3,880 |
) |
(937 |
) |
(919 |
) |
(864 |
) |
(779 |
) |
(3,499 |
) |
Income (loss) before income taxes |
|
4 |
|
4,364 |
|
1,261 |
|
1,774 |
|
1,847 |
|
1,343 |
|
6,225 |
|
Income taxes |
|
5 |
|
(1,634 |
) |
(440 |
) |
(430 |
) |
(560 |
) |
(657 |
) |
(2,087 |
) |
Income (loss) after taxes |
|
6 |
|
2,730 |
|
821 |
|
1,344 |
|
1,287 |
|
686 |
|
4,138 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(457 |
) |
(130 |
) |
(122 |
) |
(135 |
) |
(94 |
) |
(481 |
) |
Net income (loss) |
|
8 |
|
2,273 |
|
691 |
|
1,222 |
|
1,152 |
|
592 |
|
3,657 |
|
EBIT |
|
9 |
|
9,242 |
|
2,485 |
|
2,562 |
|
2,871 |
|
2,280 |
|
10,198 |
|
EBIT margin |
|
|
|
16.7 |
% |
17.9 |
% |
17.8 |
% |
20.0 |
% |
15.5 |
% |
17.8 |
% |
EBITDA |
|
10 |
|
18,572 |
|
4,675 |
|
4,923 |
|
5,293 |
|
4,726 |
|
19,617 |
|
EBITDA margin |
|
|
|
33.5 |
% |
33.7 |
% |
34.2 |
% |
36.9 |
% |
32.1 |
% |
34.2 |
% |
Depreciation and amortization |
|
11 |
|
(9,330 |
) |
(2,190 |
) |
(2,361 |
) |
(2,422 |
) |
(2,446 |
) |
(9,419 |
) |
Capex |
|
12 |
|
7,502 |
|
910 |
|
1,680 |
|
1,478 |
|
2,443 |
|
6,511 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
Net debt in billion |
|
14 |
|
50.7 |
|
48.9 |
|
47.3 |
|
44.7 |
|
39.6 |
|
39.6 |
|
IFRS unadjusted |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
55,503 |
|
13,890 |
|
14,377 |
|
14,353 |
|
14,740 |
|
57,360 |
|
Cost of sales |
|
|
|
(29,369 |
) |
(7,219 |
) |
(8,971 |
) |
(7,515 |
) |
(7,854 |
) |
(31,559 |
) |
Gross profit from sales |
|
|
|
26,134 |
|
6,671 |
|
5,406 |
|
6,838 |
|
6,886 |
|
25,801 |
|
Selling costs |
|
|
|
(12,747 |
) |
(3,207 |
) |
(3,072 |
) |
(3,032 |
) |
(3,526 |
) |
(12,837 |
) |
General administrative costs |
|
|
|
(4,596 |
) |
(1,034 |
) |
(1,148 |
) |
(1,016 |
) |
(1,307 |
) |
(4,505 |
) |
Other operating income |
|
|
|
2,359 |
|
361 |
|
473 |
|
405 |
|
479 |
|
1,718 |
|
Other operating expenses |
|
|
|
(2,765 |
) |
(375 |
) |
(375 |
) |
(2,852 |
) |
(314 |
) |
(3,916 |
) |
Operating results |
|
2 |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
Financial income (expense), net |
|
3 |
|
(4,247 |
) |
(1,224 |
) |
(696 |
) |
(1,024 |
) |
201 |
|
(2,743 |
) |
of which interest expenses |
|
|
|
(3,880 |
) |
(937 |
) |
(919 |
) |
(864 |
) |
(779 |
) |
(3,499 |
) |
Income (loss) before income taxes |
|
4 |
|
4,138 |
|
1,192 |
|
588 |
|
(681 |
) |
2,419 |
|
3,518 |
|
Income taxes |
|
5 |
|
(1,744 |
) |
(430 |
) |
111 |
|
(543 |
) |
(666 |
) |
(1,528 |
) |
Income (loss) after taxes |
|
6 |
|
2,394 |
|
762 |
|
699 |
|
(1,224 |
) |
1,753 |
|
1,990 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(457 |
) |
(130 |
) |
(122 |
) |
(135 |
) |
(39 |
) |
(426 |
) |
Net income (loss) |
|
8 |
|
1,937 |
|
632 |
|
577 |
|
(1,359 |
) |
1,714 |
|
1,564 |
|
EBIT |
|
9 |
|
8,385 |
|
2,416 |
|
1,284 |
|
343 |
|
2,218 |
|
6,261 |
|
EBIT margin |
|
|
|
15.1 |
% |
17.4 |
% |
8.9 |
% |
2.4 |
% |
15.0 |
% |
10.9 |
% |
EBITDA |
|
10 |
|
18,689 |
|
4,606 |
|
4,998 |
|
5,193 |
|
4,592 |
|
19,389 |
|
EBITDA margin |
|
|
|
33.7 |
% |
33.2 |
% |
34.8 |
% |
36.2 |
% |
31.2 |
% |
33.8 |
% |
Depreciation and amortization |
|
11 |
|
(10,304 |
) |
(2,190 |
) |
(3,714 |
) |
(4,850 |
) |
(2,374 |
) |
(13,128 |
) |
Capex |
|
12 |
|
7,502 |
|
910 |
|
1,680 |
|
1,478 |
|
2,443 |
|
6,511 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
8,691 |
|
2,951 |
|
1,325 |
|
2,440 |
|
3,595 |
|
10,311 |
|
Net debt in billion |
|
14 |
|
50.7 |
|
48.9 |
|
47.3 |
|
44.7 |
|
39.6 |
|
39.6 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
15 |
|
(22 |
) |
0 |
|
(1,353 |
) |
(1 |
) |
18 |
|
(1,336 |
) |
Gross profit from sales |
|
|
|
(22 |
) |
0 |
|
(1,353 |
) |
(1 |
) |
18 |
|
(1,336 |
) |
Selling costs |
|
16 |
|
(5 |
) |
0 |
|
0 |
|
(1 |
) |
(23 |
) |
(24 |
) |
General administrative costs |
|
17 |
|
(81 |
) |
0 |
|
0 |
|
(14 |
) |
(123 |
) |
(137 |
) |
Other operating income |
|
18 |
|
508 |
|
0 |
|
75 |
|
9 |
|
0 |
|
84 |
|
Other operating expenses |
|
19 |
|
(1,257 |
) |
(69 |
) |
0 |
|
(2,521 |
) |
66 |
|
(2,524 |
) |
Operating results |
|
|
|
(857 |
) |
(69 |
) |
(1,278 |
) |
(2,528 |
) |
(62 |
) |
(3,937 |
) |
Financial income (expense), net |
|
20 |
|
631 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
of which interest expenses |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
21 |
|
(226 |
) |
(69 |
) |
(1,186 |
) |
(2,528 |
) |
1,076 |
|
(2,707 |
) |
Income taxes |
|
22 |
|
(110 |
) |
10 |
|
541 |
|
17 |
|
(9 |
) |
559 |
|
Income (loss) after taxes |
|
|
|
(336 |
) |
(59 |
) |
(645 |
) |
(2,511 |
) |
1,067 |
|
(2,148 |
) |
Income (losses) applicable to minority shareholders |
|
23 |
|
0 |
|
0 |
|
0 |
|
0 |
|
55 |
|
55 |
|
Net income (loss) |
|
24 |
|
(336 |
) |
(59 |
) |
(645 |
) |
(2,511 |
) |
1,122 |
|
(2,093 |
) |
EBIT |
|
25 |
|
(857 |
) |
(69 |
) |
(1,278 |
) |
(2,528 |
) |
(62 |
) |
(3,937 |
) |
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
26 |
|
117 |
|
(69 |
) |
75 |
|
(100 |
) |
(134 |
) |
(228 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
27 |
|
(974 |
) |
0 |
|
(1,353 |
) |
(2,428 |
) |
72 |
|
(3,709 |
) |
Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Free-Cash-Flow (before dividend) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt in billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 1: IFRS. Deutsche Telekom Group Delta
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
(335 |
) |
(96 |
) |
(35 |
) |
(171 |
) |
(218 |
) |
(520 |
) |
Cost of sales |
|
|
|
1,886 |
|
351 |
|
148 |
|
335 |
|
268 |
|
1,102 |
|
Gross profit from sales |
|
|
|
1,551 |
|
255 |
|
113 |
|
164 |
|
50 |
|
582 |
|
Selling costs |
|
|
|
678 |
|
88 |
|
202 |
|
(17 |
) |
172 |
|
445 |
|
General administrative costs |
|
|
|
120 |
|
71 |
|
(19 |
) |
58 |
|
65 |
|
175 |
|
Other operating income |
|
|
|
(1,551 |
) |
(370 |
) |
(382 |
) |
(323 |
) |
(429 |
) |
(1,504 |
) |
Other operating expenses |
|
|
|
3,202 |
|
916 |
|
933 |
|
763 |
|
968 |
|
3,580 |
|
Operating results |
|
2 |
|
4,000 |
|
960 |
|
847 |
|
645 |
|
826 |
|
3,278 |
|
Financial income (expense), net |
|
3 |
|
(758 |
) |
(114 |
) |
(107 |
) |
(231 |
) |
(194 |
) |
(646 |
) |
of which interest expenses |
|
|
|
(104 |
) |
36 |
|
(124 |
) |
(28 |
) |
(32 |
) |
(148 |
) |
Income (loss) before income taxes |
|
4 |
|
3,242 |
|
846 |
|
740 |
|
414 |
|
632 |
|
2,632 |
|
Income taxes |
|
5 |
|
(1,104 |
) |
(349 |
) |
(217 |
) |
(220 |
) |
(258 |
) |
(1,044 |
) |
Income (loss) after taxes |
|
6 |
|
2,138 |
|
497 |
|
523 |
|
194 |
|
374 |
|
1,588 |
|
Income (losses) applicable to minority shareholders |
|
7 |
|
(87 |
) |
(33 |
) |
(29 |
) |
(31 |
) |
(34 |
) |
(127 |
) |
Net income (loss) |
|
8 |
|
2,051 |
|
464 |
|
494 |
|
163 |
|
340 |
|
1,461 |
|
EBIT |
|
9 |
|
3,838 |
|
916 |
|
794 |
|
598 |
|
771 |
|
3,079 |
|
EBIT margin |
|
|
|
7.0 |
%pts |
6.7 |
%pts |
5.5 |
%pts |
4.4 |
%pts |
5.4 |
%pts |
5.5 |
%pts |
EBITDA |
|
10 |
|
284 |
|
90 |
|
140 |
|
29 |
|
(6 |
) |
253 |
|
EBITDA margin |
|
|
|
0.7 |
%pts |
0.9 |
%pts |
1.0 |
%pts |
0.7 |
%pts |
0.4 |
%pts |
0.7 |
%pts |
Depreciation and amortization |
|
11 |
|
3,554 |
|
826 |
|
654 |
|
569 |
|
779 |
|
2,826 |
|
Capex |
|
12 |
|
1,268 |
|
(109 |
) |
163 |
|
203 |
|
318 |
|
575 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
406 |
|
51 |
|
31 |
|
49 |
|
0 |
|
131 |
|
Net debt in billion |
|
14 |
|
4.1 |
|
4.3 |
|
4.0 |
|
3.9 |
|
4.4 |
|
4.4 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
1 |
|
(335 |
) |
(96 |
) |
(35 |
) |
(171 |
) |
(218 |
) |
(520 |
) |
Cost of sales |
|
|
|
2,033 |
|
351 |
|
(1,205 |
) |
334 |
|
363 |
|
(157 |
) |
Gross profit from sales |
|
|
|
1,698 |
|
255 |
|
(1,240 |
) |
163 |
|
145 |
|
(677 |
) |
Selling costs |
|
|
|
758 |
|
88 |
|
202 |
|
(18 |
) |
173 |
|
445 |
|
General administrative costs |
|
|
|
380 |
|
71 |
|
(19 |
) |
44 |
|
79 |
|
175 |
|
Other operating income |
|
|
|
(2,199 |
) |
(370 |
) |
(2,285 |
) |
(964 |
) |
(1,599 |
) |
(5,218 |
) |
Other operating expenses |
|
|
|
2,319 |
|
916 |
|
1,539 |
|
(1,649 |
) |
862 |
|
1,668 |
|
Operating results |
|
2 |
|
2,956 |
|
960 |
|
(1,803 |
) |
(2,424 |
) |
(340 |
) |
(3,607 |
) |
Financial income (expense), net |
|
3 |
|
(216 |
) |
(114 |
) |
(15 |
) |
(231 |
) |
944 |
|
584 |
|
of which interest expenses |
|
|
|
(104 |
) |
36 |
|
(124 |
) |
(28 |
) |
(32 |
) |
(148 |
) |
Income (loss) before income taxes |
|
4 |
|
2,740 |
|
846 |
|
(1,818 |
) |
(2,655 |
) |
604 |
|
(3,023 |
) |
Income taxes |
|
5 |
|
(1,969 |
) |
(350 |
) |
769 |
|
(60 |
) |
(279 |
) |
80 |
|
Income (loss) after taxes |
|
6 |
|
771 |
|
496 |
|
(1,049 |
) |
(2,715 |
) |
325 |
|
(2,943 |
) |
Income (losses) applicable to minority shareholders |
|
7 |
|
(87 |
) |
(33 |
) |
(29 |
) |
(31 |
) |
(34 |
) |
(127 |
) |
Net income (loss) |
|
8 |
|
684 |
|
463 |
|
(1,078 |
) |
(2,746 |
) |
291 |
|
(3,070 |
) |
EBIT |
|
9 |
|
2,794 |
|
916 |
|
(1,856 |
) |
(2,471 |
) |
(395 |
) |
(3,806 |
) |
EBIT margin |
|
|
|
5.1 |
%pts |
6.7 |
%pts |
(12.9 |
)%pts |
(17.0 |
)%pts |
(2.4 |
)%pts |
(6.5 |
)%pts |
EBITDA |
|
10 |
|
214 |
|
90 |
|
(1,157 |
) |
(612 |
) |
(1,247 |
) |
(2,926 |
) |
EBITDA margin |
|
|
|
0.6 |
%pts |
0.9 |
%pts |
(7.9 |
)%pts |
(3.8 |
)%pts |
(7.9 |
)%pts |
(4.8 |
)%pts |
Depreciation and amortization |
|
11 |
|
2,580 |
|
826 |
|
(699 |
) |
(1,859 |
) |
852 |
|
(880 |
) |
Capex |
|
12 |
|
1,268 |
|
(109 |
) |
163 |
|
203 |
|
318 |
|
575 |
|
Free-Cash-Flow (before dividend) |
|
13 |
|
406 |
|
51 |
|
31 |
|
49 |
|
0 |
|
131 |
|
Net debt in billion |
|
14 |
|
4.1 |
|
4.3 |
|
4.0 |
|
3.9 |
|
4.4 |
|
4.4 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
15 |
|
147 |
|
0 |
|
(1,353 |
) |
(1 |
) |
95 |
|
(1,259 |
) |
Gross profit from sales |
|
|
|
147 |
|
0 |
|
(1,353 |
) |
(1 |
) |
95 |
|
(1,259 |
) |
Selling costs |
|
16 |
|
80 |
|
0 |
|
0 |
|
(1 |
) |
1 |
|
0 |
|
General administrative costs |
|
17 |
|
260 |
|
0 |
|
0 |
|
(14 |
) |
14 |
|
0 |
|
Other operating income |
|
18 |
|
(648 |
) |
0 |
|
(1,903 |
) |
(641 |
) |
(1,170 |
) |
(3,714 |
) |
Other operating expenses |
|
19 |
|
(883 |
) |
0 |
|
606 |
|
(2,412 |
) |
(106 |
) |
(1,912 |
) |
Operating results |
|
|
|
(1,044 |
) |
0 |
|
(2,650 |
) |
(3,069 |
) |
(1,166 |
) |
(6,885 |
) |
Financial income (expense), net |
|
20 |
|
542 |
|
0 |
|
92 |
|
0 |
|
1,138 |
|
1,230 |
|
of which interest expenses |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
21 |
|
(502 |
) |
0 |
|
(2,558 |
) |
(3,069 |
) |
(28 |
) |
(5,655 |
) |
Income taxes |
|
22 |
|
(865 |
) |
(1 |
) |
986 |
|
160 |
|
(21 |
) |
1,124 |
|
Income (loss) after taxes |
|
|
|
(1,367 |
) |
(1 |
) |
(1,572 |
) |
(2,909 |
) |
(49 |
) |
(4,531 |
) |
Income (losses) applicable to minority shareholders |
|
23 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Net income (loss) |
|
24 |
|
(1,367 |
) |
(1 |
) |
(1,572 |
) |
(2,909 |
) |
(49 |
) |
(4,531 |
) |
EBIT |
|
25 |
|
(1,044 |
) |
0 |
|
(2,650 |
) |
(3,069 |
) |
(1,166 |
) |
(6,885 |
) |
EBIT margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
26 |
|
(70 |
) |
0 |
|
(1,297 |
) |
(641 |
) |
(1,241 |
) |
(3,179 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
27 |
|
(974 |
) |
0 |
|
(1,353 |
) |
(2,428 |
) |
73 |
|
(3,706 |
) |
Capex |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Free-Cash-Flow (before dividend) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt in billion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 1: IFRS. T-Com
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
28 |
|
29,206 |
|
6,975 |
|
6,882 |
|
6,806 |
|
7,151 |
|
27,814 |
|
of which domestic |
|
|
|
25,351 |
|
6,059 |
|
5,906 |
|
5,791 |
|
6,165 |
|
23,921 |
|
of which CEE |
|
|
|
3,855 |
|
916 |
|
976 |
|
1,015 |
|
986 |
|
3,893 |
|
Net Revenue |
|
29 |
|
25,116 |
|
6,053 |
|
6,054 |
|
6,007 |
|
6,311 |
|
24,425 |
|
EBITDA |
|
30 |
|
10,164 |
|
2,605 |
|
2,592 |
|
2,576 |
|
2,467 |
|
10,240 |
|
of which domestic |
|
|
|
8,541 |
|
2,181 |
|
2,156 |
|
2,115 |
|
2,210 |
|
8,662 |
|
of which CEE |
|
|
|
1,623 |
|
424 |
|
436 |
|
461 |
|
257 |
|
1,578 |
|
EBITDA margin |
|
|
|
34.8 |
% |
37.3 |
% |
37.7 |
% |
37.8 |
% |
34.4 |
% |
36.8 |
% |
Special factors affecting EBITDA |
|
31 |
|
(192 |
) |
(36 |
) |
0 |
|
(17 |
) |
(173 |
) |
(226 |
) |
EBITDA, adj. |
|
32 |
|
10,356 |
|
2,641 |
|
2,592 |
|
2,593 |
|
2,640 |
|
10,466 |
|
of which domestic |
|
|
|
8,667 |
|
2,217 |
|
2,156 |
|
2,116 |
|
2,249 |
|
8,738 |
|
of which CEE |
|
|
|
1,689 |
|
424 |
|
436 |
|
477 |
|
391 |
|
1,728 |
|
EBITDA margin, adj. |
|
|
|
35.5 |
% |
37.9 |
% |
37.7 |
% |
38.1 |
% |
36.9 |
% |
37.6 |
% |
Depreciation and amortization |
|
33 |
|
(5,169 |
) |
(1,184 |
) |
(1,204 |
) |
(1,158 |
) |
(1,244 |
) |
(4,790 |
) |
Financial income (expense), net |
|
34 |
|
(284 |
) |
(15 |
) |
28 |
|
45 |
|
53 |
|
111 |
|
Income (loss) before income taxes |
|
35 |
|
4,690 |
|
1,399 |
|
1,405 |
|
1,455 |
|
1,266 |
|
5,525 |
|
Capex |
|
36 |
|
2,129 |
|
384 |
|
521 |
|
518 |
|
907 |
|
2,330 |
|
of which domestic |
|
|
|
1,516 |
|
292 |
|
380 |
|
384 |
|
564 |
|
1,620 |
|
of which CEE |
|
|
|
613 |
|
92 |
|
141 |
|
134 |
|
343 |
|
710 |
|
Number of employees |
|
|
|
139,548 |
|
125,700 |
|
125,782 |
|
125,914 |
|
124,184 |
|
125,395 |
|
of which domestic |
|
|
|
106,571 |
|
94,506 |
|
94,943 |
|
95,583 |
|
94,937 |
|
94,992 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
28 |
|
27,884 |
|
6,632 |
|
6,544 |
|
6,369 |
|
6,708 |
|
26,253 |
|
of which domestic |
|
|
|
25,225 |
|
6,005 |
|
5,894 |
|
5,727 |
|
6,067 |
|
23,693 |
|
of which CEE |
|
|
|
2,659 |
|
627 |
|
650 |
|
642 |
|
641 |
|
2,560 |
|
Net Revenue |
|
29 |
|
23,696 |
|
5,685 |
|
5,670 |
|
5,524 |
|
5,828 |
|
22,707 |
|
EBITDA |
|
30 |
|
9,819 |
|
2,450 |
|
2,428 |
|
2,368 |
|
2,292 |
|
9,538 |
|
of which domestic |
|
|
|
8,851 |
|
2,184 |
|
2,174 |
|
2,119 |
|
2,198 |
|
8,675 |
|
of which CEE |
|
|
|
968 |
|
266 |
|
254 |
|
249 |
|
94 |
|
863 |
|
EBITDA margin |
|
|
|
35.2 |
% |
36.9 |
% |
37.1 |
% |
37.2 |
% |
34.2 |
% |
36.3 |
% |
Special factors affecting EBITDA |
|
31 |
|
(57 |
) |
(36 |
) |
0 |
|
(17 |
) |
(171 |
) |
(224 |
) |
EBITDA, adj. |
|
32 |
|
9,876 |
|
2,486 |
|
2,428 |
|
2,385 |
|
2,463 |
|
9,762 |
|
of which domestic |
|
|
|
8,842 |
|
2,220 |
|
2,174 |
|
2,120 |
|
2,219 |
|
8,733 |
|
of which CEE |
|
|
|
1,034 |
|
266 |
|
254 |
|
265 |
|
244 |
|
1,029 |
|
EBITDA margin, adj. |
|
|
|
35.4 |
% |
37.5 |
% |
37.1 |
% |
37.4 |
% |
36.7 |
% |
37.2 |
% |
Depreciation and amortization |
|
33 |
|
(4,661 |
) |
(1,056 |
) |
(1,094 |
) |
(1,152 |
) |
(1,002 |
) |
(4,304 |
) |
Financial income (expense), net |
|
34 |
|
(153 |
) |
225 |
|
(14 |
) |
18 |
|
113 |
|
342 |
|
Income (loss) before income taxes |
|
35 |
|
5,005 |
|
1,619 |
|
1,320 |
|
1,234 |
|
1,403 |
|
5,576 |
|
Capex |
|
36 |
|
1,870 |
|
345 |
|
459 |
|
488 |
|
736 |
|
2,028 |
|
of which domestic |
|
|
|
1,483 |
|
291 |
|
368 |
|
399 |
|
576 |
|
1,634 |
|
of which CEE |
|
|
|
387 |
|
54 |
|
91 |
|
89 |
|
160 |
|
394 |
|
Number of employees |
|
|
|
136,416 |
|
122,515 |
|
122,590 |
|
122,724 |
|
120,985 |
|
122,203 |
|
of which domestic |
|
|
|
106,571 |
|
94,506 |
|
94,943 |
|
95,583 |
|
94,937 |
|
94,992 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
28 |
|
(135 |
) |
(57 |
) |
(9 |
) |
(63 |
) |
(99 |
) |
(228 |
) |
of which domestic |
|
|
|
(126 |
) |
(54 |
) |
(12 |
) |
(64 |
) |
(98 |
) |
(228 |
) |
of which CEE |
|
|
|
(9 |
) |
(3 |
) |
3 |
|
1 |
|
(1 |
) |
(0 |
) |
Net Revenue |
|
29 |
|
(1,420 |
) |
(368 |
) |
(384 |
) |
(483 |
) |
(483 |
) |
(1,718 |
) |
EBITDA |
|
30 |
|
253 |
|
(6 |
) |
23 |
|
(19 |
) |
(21 |
) |
(23 |
) |
of which domestic |
|
|
|
310 |
|
3 |
|
18 |
|
4 |
|
(12 |
) |
13 |
|
of which CEE |
|
|
|
(57 |
) |
(9 |
) |
5 |
|
(23 |
) |
(9 |
) |
(36 |
) |
EBITDA margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Special factors affecting EBITDA |
|
31 |
|
135 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
32 |
|
118 |
|
(6 |
) |
23 |
|
(19 |
) |
(21 |
) |
(23 |
) |
of which domestic |
|
|
|
175 |
|
3 |
|
18 |
|
4 |
|
(30 |
) |
(5 |
) |
of which CEE |
|
|
|
(57 |
) |
(9 |
) |
5 |
|
(23 |
) |
9 |
|
(18 |
) |
EBITDA margin, adj. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
33 |
|
213 |
|
78 |
|
59 |
|
(101 |
) |
186 |
|
222 |
|
Financial income (expense), net |
|
34 |
|
(155 |
) |
(38 |
) |
(41 |
) |
(40 |
) |
(42 |
) |
(161 |
) |
Income (loss) before income taxes |
|
35 |
|
332 |
|
41 |
|
51 |
|
(151 |
) |
132 |
|
74 |
|
Capex |
|
36 |
|
(30 |
) |
(1 |
) |
(12 |
) |
14 |
|
12 |
|
13 |
|
of which domestic |
|
|
|
(33 |
) |
(1 |
) |
(12 |
) |
15 |
|
12 |
|
14 |
|
of which CEE |
|
|
|
3 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
Number of employees |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
IFRS figures |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
|
|
1,187 |
|
286 |
|
329 |
|
374 |
|
344 |
|
1,333 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which CEE |
|
|
|
1,187 |
|
286 |
|
329 |
|
374 |
|
344 |
|
1,333 |
|
Net Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
154 |
|
679 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which CEE |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
154 |
|
679 |
|
EBITDA margin |
|
|
|
50.4 |
% |
52.1 |
% |
56.8 |
% |
50.5 |
% |
44.8 |
% |
50.9 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
(2 |
) |
(2 |
) |
EBITDA, adj. |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
156 |
|
681 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which CEE |
|
|
|
598 |
|
149 |
|
187 |
|
189 |
|
156 |
|
681 |
|
EBITDA margin, adj. |
|
|
|
50.4 |
% |
52.1 |
% |
56.8 |
% |
50.5 |
% |
45.3 |
% |
51.1 |
% |
Depreciation and amortization |
|
|
|
(295 |
) |
(50 |
) |
(51 |
) |
(107 |
) |
(56 |
) |
(264 |
) |
Financial income (expense), net |
|
|
|
(286 |
) |
(278 |
) |
1 |
|
(13 |
) |
(102 |
) |
(392 |
) |
Income (loss) before income taxes |
|
|
|
17 |
|
(179 |
) |
136 |
|
70 |
|
(5 |
) |
23 |
|
Capex |
|
|
|
229 |
|
38 |
|
50 |
|
44 |
|
183 |
|
315 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
of which CEE |
|
|
|
229 |
|
38 |
|
50 |
|
44 |
|
183 |
|
315 |
|
Number of employees |
|
|
|
3,132 |
|
3,185 |
|
3,192 |
|
3,190 |
|
3,198 |
|
3,192 |
|
of which domestic |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Step 1: IFRS. T-Mobile
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
46 |
|
22,778 |
|
5,944 |
|
6,237 |
|
6,479 |
|
6,335 |
|
24,995 |
|
Net Revenue |
|
47 |
|
21,572 |
|
5,678 |
|
6,005 |
|
6,273 |
|
6,132 |
|
24,088 |
|
EBITDA |
|
48 |
|
7,016 |
|
1,677 |
|
3,210 |
|
2,798 |
|
2,911 |
|
10,596 |
|
EBITDA margin |
|
|
|
30.8 |
% |
28.2 |
% |
51.5 |
% |
43.2 |
% |
46.0 |
% |
42.4 |
% |
Special factors affecting EBITDA |
|
49 |
|
345 |
|
0 |
|
1,280 |
|
636 |
|
1,012 |
|
2,928 |
|
EBITDA, adj. |
|
50 |
|
6,671 |
|
1,677 |
|
1,930 |
|
2,162 |
|
1,899 |
|
7,668 |
|
EBITDA margin, adj. |
|
|
|
29.3 |
% |
28.2 |
% |
30.9 |
% |
33.4 |
% |
30.0 |
% |
30.7 |
% |
Depreciation and amortization |
|
51 |
|
(5,196 |
) |
(1,234 |
) |
(1,270 |
) |
(1,282 |
) |
(1,302 |
) |
(5,088 |
) |
Financial income (expense), net |
|
52 |
|
(895 |
) |
(265 |
) |
(65 |
) |
(203 |
) |
(241 |
) |
(774 |
) |
Income (loss) before income taxes |
|
53 |
|
831 |
|
156 |
|
1,846 |
|
1,287 |
|
1,347 |
|
4,636 |
|
Capex |
|
54 |
|
3,012 |
|
452 |
|
644 |
|
471 |
|
844 |
|
2,411 |
|
Number of employees |
|
|
|
41,767 |
|
43,152 |
|
44,215 |
|
44,920 |
|
44,617 |
|
44,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
46 |
|
24,198 |
|
6,272 |
|
6,649 |
|
6,914 |
|
6,692 |
|
26,527 |
|
Net Revenue |
|
47 |
|
22,804 |
|
5,966 |
|
6,372 |
|
6,663 |
|
6,449 |
|
25,450 |
|
EBITDA |
|
48 |
|
7,202 |
|
1,826 |
|
2,202 |
|
2,369 |
|
2,066 |
|
8,463 |
|
EBITDA margin |
|
|
|
29.8 |
% |
29.1 |
% |
33.1 |
% |
34.3 |
% |
30.9 |
% |
31.9 |
% |
Special factors affecting EBITDA |
|
49 |
|
0 |
|
0 |
|
75 |
|
(5 |
) |
(2 |
) |
68 |
|
EBITDA, adj. |
|
50 |
|
7,202 |
|
1,826 |
|
2,127 |
|
2,374 |
|
2,068 |
|
8,395 |
|
EBITDA margin, adj. |
|
|
|
29.8 |
% |
29.1 |
% |
32.0 |
% |
34.3 |
% |
30.9 |
% |
31.6 |
% |
Depreciation and amortization |
|
51 |
|
(3,768 |
) |
(685 |
) |
(2,166 |
) |
(3,215 |
) |
(887 |
) |
(6,953 |
) |
Financial income (expense), net |
|
52 |
|
(465 |
) |
(274 |
) |
(94 |
) |
(224 |
) |
663 |
|
71 |
|
Income (loss) before income taxes |
|
53 |
|
2,969 |
|
867 |
|
(58 |
) |
(1,070 |
) |
1,842 |
|
1,581 |
|
Capex |
|
54 |
|
3,820 |
|
403 |
|
793 |
|
606 |
|
1,092 |
|
2,894 |
|
Number of employees |
|
|
|
44,899 |
|
46,337 |
|
47,407 |
|
48,111 |
|
47,815 |
|
47,418 |
|
Step 1: IFRS. T-Mobile
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
46 |
|
(55 |
) |
(19 |
) |
14 |
|
3 |
|
(48 |
) |
(50 |
) |
Net Revenue |
|
47 |
|
(55 |
) |
(18 |
) |
13 |
|
3 |
|
(49 |
) |
(51 |
) |
EBITDA |
|
48 |
|
(417 |
) |
1 |
|
(1,187 |
) |
(628 |
) |
(995 |
) |
(2,809 |
) |
Special factors affecting EBITDA |
|
49 |
|
(345 |
) |
0 |
|
(1,205 |
) |
(641 |
) |
(1,014 |
) |
(2,860 |
) |
EBITDA, adj. |
|
50 |
|
(72 |
) |
1 |
|
18 |
|
13 |
|
19 |
|
51 |
|
Depreciation and amortization |
|
51 |
|
1,720 |
|
599 |
|
(844 |
) |
(1,825 |
) |
484 |
|
(1,586 |
) |
Financial income (expense), net |
|
52 |
|
448 |
|
(4 |
) |
(25 |
) |
(13 |
) |
916 |
|
874 |
|
Income (loss) before income taxes |
|
53 |
|
1,845 |
|
618 |
|
(2,027 |
) |
(2,440 |
) |
426 |
|
(3,423 |
) |
Capex |
|
54 |
|
586 |
|
(91 |
) |
95 |
|
93 |
|
87 |
|
184 |
|
Number of employees |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Delta CEE |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
|
|
1,475 |
|
347 |
|
398 |
|
432 |
|
405 |
|
1,582 |
|
Net Revenue |
|
|
|
1,287 |
|
306 |
|
354 |
|
387 |
|
366 |
|
1,413 |
|
EBITDA |
|
|
|
603 |
|
148 |
|
179 |
|
199 |
|
150 |
|
676 |
|
EBITDA margin |
|
|
|
40.9 |
% |
42.7 |
% |
45.0 |
% |
46.1 |
% |
37.0 |
% |
42.7 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
|
|
603 |
|
148 |
|
179 |
|
199 |
|
150 |
|
676 |
|
EBITDA margin, adj. |
|
|
|
40.9 |
% |
42.7 |
% |
45.0 |
% |
46.1 |
% |
37.0 |
% |
42.7 |
% |
Depreciation and amortization |
|
|
|
(292 |
) |
(50 |
) |
(52 |
) |
(108 |
) |
(69 |
) |
(279 |
) |
Financial income (expense), net |
|
|
|
(18 |
) |
(5 |
) |
(4 |
) |
(8 |
) |
(12 |
) |
(29 |
) |
Income (loss) before income taxes |
|
|
|
293 |
|
93 |
|
123 |
|
83 |
|
69 |
|
368 |
|
Capex |
|
|
|
222 |
|
42 |
|
54 |
|
42 |
|
161 |
|
299 |
|
Number of employees |
|
|
|
3,132 |
|
3,185 |
|
3,192 |
|
3,190 |
|
3,198 |
|
3,192 |
|
Step 1: IFRS. T-Mobile Deutschland.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
55 |
|
8,479 |
|
2,121 |
|
2,161 |
|
2,238 |
|
2,184 |
|
8,704 |
|
EBITDA |
|
56 |
|
3,598 |
|
773 |
|
832 |
|
916 |
|
942 |
|
3,463 |
|
EBITDA margin |
|
|
|
42.4 |
% |
36.4 |
% |
38.5 |
% |
40.9 |
% |
43.1 |
% |
39.8 |
% |
Special factors affecting EBITDA |
|
|
|
(7 |
) |
0 |
|
0 |
|
(5 |
) |
(2 |
) |
(7 |
) |
EBITDA, adj. |
|
56 |
|
3,605 |
|
773 |
|
832 |
|
921 |
|
944 |
|
3,470 |
|
EBITDA margin, adj. |
|
|
|
42.5 |
% |
36.4 |
% |
38.5 |
% |
41.2 |
% |
43.2 |
% |
39.9 |
% |
Capex |
|
57 |
|
462 |
|
57 |
|
72 |
|
83 |
|
159 |
|
371 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
55 |
|
0 |
|
(1 |
) |
18 |
|
23 |
|
1 |
|
41 |
|
EBITDA |
|
56 |
|
77 |
|
30 |
|
48 |
|
37 |
|
55 |
|
170 |
|
EBITDA margin |
|
|
|
0.9 |
%pts |
1.4 |
%pts |
1.9 |
%pts |
1.2 |
%pts |
2.5 |
%pts |
1.8 |
%pts |
Special factors affecting EBITDA |
|
|
|
7 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
56 |
|
70 |
|
30 |
|
48 |
|
37 |
|
55 |
|
170 |
|
EBITDA margin, adj. |
|
|
|
0.8 |
%pts |
1.4 |
%pts |
1.9 |
%pts |
1.2 |
%pts |
2.5 |
%pts |
1.8 |
%pts |
Capex |
|
57 |
|
325 |
|
1 |
|
24 |
|
36 |
|
42 |
|
103 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
55 |
|
8,479 |
|
2,120 |
|
2,179 |
|
2,261 |
|
2,185 |
|
8,745 |
|
EBITDA |
|
56 |
|
3,675 |
|
803 |
|
880 |
|
953 |
|
997 |
|
3,633 |
|
EBITDA margin |
|
|
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.1 |
% |
45.6 |
% |
41.6 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
(5 |
) |
(2 |
) |
(7 |
) |
EBITDA, adj. |
|
56 |
|
3,675 |
|
803 |
|
880 |
|
958 |
|
999 |
|
3,640 |
|
EBITDA margin, adj. |
|
|
|
43.3 |
% |
37.9 |
% |
40.4 |
% |
42.4 |
% |
45.7 |
% |
41.6 |
% |
Capex |
|
57 |
|
787 |
|
58 |
|
96 |
|
119 |
|
201 |
|
474 |
|
Step 1: IFRS. T-Mobile UK.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
58 |
|
4,303 |
|
1,133 |
|
1,108 |
|
1,106 |
|
,997 |
|
4,344 |
|
EBITDA |
|
58 |
|
1,060 |
|
385 |
|
440 |
|
384 |
|
233 |
|
1,442 |
|
EBITDA margin |
|
|
|
24.6 |
% |
34.0 |
% |
39.7 |
% |
34.7 |
% |
23.4 |
% |
33.2 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
75 |
|
0 |
|
0 |
|
75 |
|
EBITDA, adj. |
|
58 |
|
1,060 |
|
385 |
|
365 |
|
384 |
|
233 |
|
1,367 |
|
EBITDA margin, adj. |
|
|
|
24.6 |
% |
34.0 |
% |
32.9 |
% |
34.7 |
% |
23.4 |
% |
31.5 |
% |
Capex |
|
58 |
|
361 |
|
66 |
|
91 |
|
100 |
|
104 |
|
361 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
58 |
|
9 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
58 |
|
13 |
|
(1 |
) |
4 |
|
6 |
|
4 |
|
13 |
|
EBITDA margin |
|
|
|
0.3 |
%pts |
(0.1 |
)%pts |
0.4 |
%pts |
0.5 |
%pts |
0.4 |
%pts |
0.3 |
%pts |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
58 |
|
13 |
|
(1 |
) |
4 |
|
6 |
|
4 |
|
13 |
|
EBITDA margin, adj. |
|
|
|
0.3 |
%pts |
(0.1 |
)%pts |
0.4 |
%pts |
0.5 |
%pts |
0.4 |
%pts |
0.3 |
%pts |
Capex |
|
58 |
|
20 |
|
1 |
|
(1 |
) |
(3 |
) |
20 |
|
17 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
58 |
|
4,312 |
|
1,133 |
|
1,108 |
|
1,106 |
|
997 |
|
4,344 |
|
EBITDA |
|
58 |
|
1,073 |
|
384 |
|
444 |
|
390 |
|
237 |
|
1,455 |
|
EBITDA margin |
|
|
|
24.9 |
% |
33.9 |
% |
40.1 |
% |
35.2 |
% |
23.8 |
% |
33.5 |
% |
Special factors affecting EBITDA |
|
|
|
0 |
|
0 |
|
75 |
|
0 |
|
0 |
|
75 |
|
EBITDA, adj. |
|
58 |
|
1,073 |
|
384 |
|
369 |
|
390 |
|
237 |
|
1,380 |
|
EBITDA margin, adj. |
|
|
|
24.9 |
% |
33.9 |
% |
33.3 |
% |
35.2 |
% |
23.8 |
% |
31.8 |
% |
Capex |
|
58 |
|
381 |
|
67 |
|
90 |
|
97 |
|
124 |
|
378 |
|
Step 1: IFRS. T-Mobile USA.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
59 |
|
7,416 |
|
2,070 |
|
2,320 |
|
2,477 |
|
2,499 |
|
9,366 |
|
EBITDA |
|
60 |
|
1,506 |
|
405 |
|
1,794 |
|
1,298 |
|
631 |
|
4,128 |
|
EBITDA margin |
|
|
|
20.3 |
% |
19.6 |
% |
77.3 |
% |
52.4 |
% |
25.3 |
% |
44.1 |
% |
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
1,205 |
|
641 |
|
73 |
|
1,919 |
|
EBITDA, adj. |
|
62 |
|
1,506 |
|
405 |
|
589 |
|
657 |
|
558 |
|
2,209 |
|
EBITDA margin, adj. |
|
|
|
20.3 |
% |
19.6 |
% |
25.4 |
% |
26.5 |
% |
22.3 |
% |
23.6 |
% |
Capex |
|
63 |
|
1,817 |
|
289 |
|
419 |
|
197 |
|
415 |
|
1,320 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
59 |
|
(53 |
) |
(17 |
) |
(3 |
) |
(19 |
) |
(49 |
) |
(88 |
) |
EBITDA |
|
60 |
|
(182 |
) |
(36 |
) |
(1,241 |
) |
(673 |
) |
(122 |
) |
(2,072 |
) |
EBITDA margin |
|
|
|
(2.3 |
)%pts |
(1.6 |
)%pts |
(53.5 |
)%pts |
(27.0 |
)%pts |
(4.5 |
)%pts |
(21.9 |
)%pts |
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
(1,205 |
) |
(641 |
) |
(73 |
) |
(1,919 |
) |
EBITDA, adj. |
|
62 |
|
(182 |
) |
(36 |
) |
(36 |
) |
(32 |
) |
(49 |
) |
(153 |
) |
EBITDA margin, adj. |
|
|
|
(2.3 |
)%pts |
(1.6 |
)%pts |
(1.5 |
)%pts |
(1.1 |
)%pts |
(1.6 |
)%pts |
(1.4 |
)%pts |
Capex |
|
63 |
|
195 |
|
(98 |
) |
63 |
|
51 |
|
(3 |
) |
13 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
59 |
|
7,363 |
|
2,053 |
|
2,317 |
|
2,458 |
|
2,450 |
|
9,278 |
|
EBITDA |
|
60 |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
EBITDA margin |
|
|
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
Special factors affecting EBITDA |
|
61 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
62 |
|
1,324 |
|
369 |
|
553 |
|
625 |
|
509 |
|
2,056 |
|
EBITDA margin, adj. |
|
|
|
18.0 |
% |
18.0 |
% |
23.9 |
% |
25.4 |
% |
20.8 |
% |
22.2 |
% |
Capex |
|
63 |
|
2,012 |
|
191 |
|
482 |
|
248 |
|
412 |
|
1,333 |
|
Step 1: IFRS. T-Mobile Netherlands.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
64 |
|
861 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
EBITDA |
|
64 |
|
45 |
|
1 |
|
31 |
|
55 |
|
40 |
|
127 |
|
EBITDA margin |
|
|
|
5.2 |
% |
0.4 |
% |
11.6 |
% |
20.4 |
% |
15.4 |
% |
12.1 |
% |
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
64 |
|
45 |
|
1 |
|
31 |
|
55 |
|
40 |
|
127 |
|
EBITDA margin, adj. |
|
|
|
5.2 |
% |
0.4 |
% |
11.6 |
% |
20.4 |
% |
15.4 |
% |
21.1 |
% |
Capex |
|
64 |
|
139 |
|
17 |
|
20 |
|
29 |
|
72 |
|
138 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
64 |
|
(1 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
64 |
|
17 |
|
2 |
|
6 |
|
3 |
|
6 |
|
17 |
|
EBITDA margin |
|
|
|
2.0 |
%pts |
0.8 |
%pts |
2.2 |
%pts |
1.1 |
%pts |
2.3 |
%pts |
1.6 |
%pts |
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
64 |
|
17 |
|
2 |
|
6 |
|
3 |
|
6 |
|
17 |
|
EBITDA margin, adj. |
|
|
|
2.0 |
%pts |
0.8 |
%pts |
2.2 |
%pts |
1.1 |
%pts |
2.3 |
%pts |
1.6 |
%pts |
Capex |
|
64 |
|
37 |
|
2 |
|
5 |
|
5 |
|
7 |
|
19 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
64 |
|
860 |
|
250 |
|
267 |
|
270 |
|
259 |
|
1,046 |
|
EBITDA |
|
64 |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
EBITDA margin |
|
|
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
Special factors affecting EBITDA |
|
64 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
64 |
|
62 |
|
3 |
|
37 |
|
58 |
|
46 |
|
144 |
|
EBITDA margin, adj. |
|
|
|
7.2 |
% |
1.2 |
% |
13.9 |
% |
21.5 |
% |
17.8 |
% |
13.8 |
% |
Capex |
|
64 |
|
176 |
|
19 |
|
25 |
|
34 |
|
79 |
|
157 |
|
Step 1: IFRS. T-Mobile Austria.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
1,098 |
|
236 |
|
210 |
|
222 |
|
215 |
|
883 |
|
EBITDA |
|
65 |
|
340 |
|
55 |
|
50 |
|
66 |
|
65 |
|
236 |
|
EBITDA margin |
|
|
|
31.0 |
% |
23.3 |
% |
23.8 |
% |
29.7 |
% |
30.2 |
% |
26.7 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
340 |
|
55 |
|
50 |
|
66 |
|
65 |
|
236 |
|
EBITDA margin, adj. |
|
|
|
31.0 |
% |
23.3 |
% |
23.8 |
% |
29.7 |
% |
30.2 |
% |
26.7 |
% |
Capex |
|
65 |
|
122 |
|
13 |
|
24 |
|
44 |
|
36 |
|
117 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
1 |
|
(1 |
) |
EBITDA |
|
65 |
|
6 |
|
0 |
|
1 |
|
0 |
|
3 |
|
4 |
|
EBITDA margin |
|
|
|
0.5 |
%pts |
0.1 |
%pts |
0.5 |
%pts |
0.1 |
%pts |
1.2 |
%pts |
0.5 |
%pts |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
6 |
|
0 |
|
1 |
|
0 |
|
3 |
|
4 |
|
EBITDA margin, adj. |
|
|
|
0.5 |
%pts |
0.1 |
%pts |
0.5 |
%pts |
0.1 |
%pts |
1.2 |
%pts |
0.5 |
%pts |
Capex |
|
65 |
|
3 |
|
0 |
|
1 |
|
0 |
|
7 |
|
8 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
1,098 |
|
235 |
|
210 |
|
221 |
|
216 |
|
882 |
|
EBITDA |
|
65 |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
EBITDA margin |
|
|
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
346 |
|
55 |
|
51 |
|
66 |
|
68 |
|
240 |
|
EBITDA margin, adj. |
|
|
|
31.5 |
% |
23.4 |
% |
24.3 |
% |
29.9 |
% |
31.5 |
% |
27.2 |
% |
Capex |
|
65 |
|
125 |
|
13 |
|
25 |
|
44 |
|
43 |
|
125 |
|
Step 1: IFRS. T-Mobile CZ.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
768 |
|
186 |
|
204 |
|
213 |
|
225 |
|
828 |
|
EBITDA |
|
65 |
|
339 |
|
84 |
|
89 |
|
105 |
|
84 |
|
362 |
|
EBITDA margin |
|
|
|
44.1 |
% |
45.2 |
% |
43.6 |
% |
49.3 |
% |
37.3 |
% |
43.7 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
339 |
|
84 |
|
89 |
|
105 |
|
84 |
|
362 |
|
EBITDA margin, adj. |
|
|
|
44.1 |
% |
45.2 |
% |
43.6 |
% |
49.3 |
% |
37.3 |
% |
43.7 |
% |
Capex |
|
65 |
|
85 |
|
7 |
|
14 |
|
16 |
|
51 |
|
88 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
(11 |
) |
0 |
|
(1 |
) |
0 |
|
0 |
|
(1 |
) |
EBITDA |
|
65 |
|
1 |
|
2 |
|
1 |
|
(3 |
) |
2 |
|
2 |
|
EBITDA margin |
|
|
|
0.8 |
%pts |
1.1 |
%pts |
0.7 |
%pts |
(1.4 |
)%pts |
0.9 |
%pts |
0.3 |
%pts |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
1 |
|
2 |
|
1 |
|
(3 |
) |
2 |
|
2 |
|
EBITDA margin, adj. |
|
|
|
0.8 |
%pts |
1.1 |
%pts |
0.7 |
%pts |
(1.4 |
)%pts |
0.9 |
%pts |
0.3 |
%pts |
Capex |
|
65 |
|
2 |
|
1 |
|
2 |
|
0 |
|
11 |
|
14 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
65 |
|
757 |
|
186 |
|
203 |
|
213 |
|
225 |
|
827 |
|
EBITDA |
|
65 |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
EBITDA margin |
|
|
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
Special factors affecting EBITDA |
|
65 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
65 |
|
340 |
|
86 |
|
90 |
|
102 |
|
86 |
|
364 |
|
EBITDA margin, adj. |
|
|
|
44.9 |
% |
46.2 |
% |
44.3 |
% |
47.9 |
% |
38.2 |
% |
44.0 |
% |
Capex |
|
65 |
|
87 |
|
8 |
|
16 |
|
16 |
|
62 |
|
102 |
|
Step 1: IFRS. T-Systems.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
67 |
|
10,614 |
|
2,475 |
|
2,625 |
|
2,564 |
|
2,873 |
|
10,537 |
|
Net revenue |
|
68 |
|
7,184 |
|
1,722 |
|
1,813 |
|
1,747 |
|
1,956 |
|
7,238 |
|
EBITDA |
|
69 |
|
1,412 |
|
301 |
|
318 |
|
392 |
|
346 |
|
1,357 |
|
EBITDA margin |
|
|
|
13.3 |
% |
12.2 |
% |
12.1 |
% |
15.3 |
% |
12.0 |
% |
12.9 |
% |
Special factors affecting EBITDA |
|
70 |
|
(3 |
) |
0 |
|
(43 |
) |
(5 |
) |
(68 |
) |
(116 |
) |
EBITDA, adj. |
|
71 |
|
1,415 |
|
301 |
|
361 |
|
397 |
|
414 |
|
1,473 |
|
EBITDA margin, adj. |
|
|
|
13.3 |
% |
12.2 |
% |
13.8 |
% |
15.5 |
% |
14.4 |
% |
14.0 |
% |
Depreciation and amortization |
|
72 |
|
(1,499 |
) |
(340 |
) |
(350 |
) |
(342 |
) |
(356 |
) |
(1,388 |
) |
EBIT |
|
73 |
|
(87 |
) |
(39 |
) |
(32 |
) |
50 |
|
(10 |
) |
(31 |
) |
Financial income (expense), net |
|
74 |
|
(486 |
) |
(150 |
) |
(5 |
) |
(9 |
) |
(10 |
) |
(174 |
) |
Income (loss) before income taxes |
|
75 |
|
(581 |
) |
(190 |
) |
(38 |
) |
39 |
|
(22 |
) |
(211 |
) |
Capex |
|
76 |
|
660 |
|
127 |
|
194 |
|
181 |
|
218 |
|
720 |
|
Number of employees |
|
|
|
42,108 |
|
40,352 |
|
39,867 |
|
39,750 |
|
39,551 |
|
39,880 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
67 |
|
10,469 |
|
2,464 |
|
2,616 |
|
2,503 |
|
2,786 |
|
10,369 |
|
Net revenue |
|
68 |
|
7,034 |
|
1,711 |
|
1,796 |
|
1,647 |
|
1,889 |
|
7,043 |
|
EBITDA |
|
69 |
|
1,528 |
|
326 |
|
327 |
|
349 |
|
307 |
|
1,309 |
|
EBITDA margin |
|
|
|
14.6 |
% |
13.2 |
% |
12.5 |
% |
13.9 |
% |
11.0 |
% |
12.6 |
% |
Special factors affecting EBITDA |
|
70 |
|
67 |
|
0 |
|
(43 |
) |
(5 |
) |
(68 |
) |
(116 |
) |
EBITDA, adj. |
|
71 |
|
1,461 |
|
326 |
|
370 |
|
354 |
|
375 |
|
1,425 |
|
EBITDA margin, adj. |
|
|
|
14.0 |
% |
13.2 |
% |
14.1 |
% |
14.1 |
% |
13.5 |
% |
13.7 |
% |
Depreciation and amortization |
|
72 |
|
(1,022 |
) |
(226 |
) |
(236 |
) |
(224 |
) |
(235 |
) |
(921 |
) |
EBIT |
|
73 |
|
506 |
|
100 |
|
91 |
|
125 |
|
72 |
|
388 |
|
Financial income (expense), net |
|
74 |
|
(522 |
) |
(161 |
) |
(23 |
) |
(169 |
) |
(24 |
) |
(377 |
) |
Income (loss) before income taxes |
|
75 |
|
(15 |
) |
(61 |
) |
68 |
|
(44 |
) |
48 |
|
11 |
|
Capex |
|
76 |
|
866 |
|
137 |
|
204 |
|
186 |
|
292 |
|
819 |
|
Number of employees |
|
|
|
42,108 |
|
40,352 |
|
39,867 |
|
39,750 |
|
39,551 |
|
39,880 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
67 |
|
(145 |
) |
(11 |
) |
(9 |
) |
(61 |
) |
(87 |
) |
(168 |
) |
Net revenue |
|
68 |
|
(150 |
) |
(11 |
) |
(17 |
) |
(100 |
) |
(67 |
) |
(195 |
) |
EBITDA |
|
69 |
|
116 |
|
25 |
|
9 |
|
(43 |
) |
(39 |
) |
(48 |
) |
EBITDA margin |
|
|
|
1.3 |
%pts |
1.1 |
%pts |
0.4 |
%pts |
(1.3 |
)%pts |
(1.0 |
)%pts |
(0.3 |
)%pts |
Special factors affecting EBITDA |
|
70 |
|
70 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
71 |
|
46 |
|
25 |
|
9 |
|
(43 |
) |
(39 |
) |
(48 |
) |
EBITDA margin, adj. |
|
|
|
0.6 |
%pts |
1.1 |
%pts |
0.4 |
%pts |
(1.4 |
)%pts |
(0.9 |
)%pts |
(0.2 |
)%pts |
Depreciation and amortization |
|
72 |
|
477 |
|
114 |
|
114 |
|
118 |
|
121 |
|
467 |
|
EBIT |
|
73 |
|
593 |
|
139 |
|
123 |
|
75 |
|
82 |
|
419 |
|
Financial income (expense), net |
|
74 |
|
(36 |
) |
(11 |
) |
(18 |
) |
(160 |
) |
(14 |
) |
(203 |
) |
Income (loss) before income taxes |
|
75 |
|
566 |
|
129 |
|
106 |
|
(83 |
) |
70 |
|
222 |
|
Capex |
|
76 |
|
206 |
|
10 |
|
10 |
|
5 |
|
74 |
|
99 |
|
Number of employees |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Step 1: IFRS. T-Online.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
37 |
|
1,851 |
|
493 |
|
500 |
|
464 |
|
522 |
|
1,979 |
|
Net revenue |
|
38 |
|
1,662 |
|
453 |
|
456 |
|
419 |
|
465 |
|
1,793 |
|
EBITDA |
|
39 |
|
335 |
|
119 |
|
128 |
|
110 |
|
62 |
|
419 |
|
EBITDA margin |
|
|
|
18.1 |
% |
24.1 |
% |
25.6 |
% |
23.7 |
% |
11.9 |
% |
21.2 |
% |
Special factors affecting EBITDA |
|
40 |
|
25 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
EBITDA, adj. |
|
41 |
|
310 |
|
119 |
|
128 |
|
111 |
|
62 |
|
420 |
|
EBITDA margin, adj. |
|
|
|
16.7 |
% |
24.1 |
% |
25.6 |
% |
23.9 |
% |
11.9 |
% |
21.2 |
% |
Depreciation and amortization |
|
42 |
|
(430 |
) |
(109 |
) |
(111 |
) |
(112 |
) |
(120 |
) |
(452 |
) |
Financial income (expense), net |
|
43 |
|
200 |
|
27 |
|
28 |
|
26 |
|
28 |
|
109 |
|
Income (loss) before income taxes |
|
44 |
|
104 |
|
37 |
|
45 |
|
24 |
|
(33 |
) |
73 |
|
Capex |
|
45 |
|
81 |
|
12 |
|
18 |
|
15 |
|
65 |
|
110 |
|
Number of employees |
|
|
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
37 |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
Net revenue |
|
38 |
|
1,663 |
|
448 |
|
455 |
|
441 |
|
480 |
|
1,824 |
|
EBITDA |
|
39 |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
EBITDA margin |
|
|
|
18.3 |
% |
24.1 |
% |
25.9 |
% |
27.8 |
% |
15.1 |
% |
23.0 |
% |
Special factors affecting EBITDA |
|
40 |
|
24 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
EBITDA, adj. |
|
41 |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
EBITDA margin, adj. |
|
|
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
Depreciation and amortization |
|
42 |
|
(82 |
) |
(22 |
) |
(24 |
) |
(24 |
) |
(38 |
) |
(108 |
) |
Financial income (expense), net |
|
43 |
|
146 |
|
30 |
|
32 |
|
30 |
|
32 |
|
124 |
|
Income (loss) before income taxes |
|
44 |
|
403 |
|
126 |
|
137 |
|
141 |
|
75 |
|
479 |
|
Capex |
|
45 |
|
90 |
|
13 |
|
18 |
|
19 |
|
71 |
|
121 |
|
Number of employees |
|
|
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
37 |
|
0 |
|
(4 |
) |
(1 |
) |
22 |
|
16 |
|
33 |
|
Net revenue |
|
38 |
|
1 |
|
(5 |
) |
(1 |
) |
22 |
|
15 |
|
31 |
|
EBITDA |
|
39 |
|
4 |
|
(1 |
) |
1 |
|
25 |
|
19 |
|
44 |
|
EBITDA margin |
|
|
|
0.2 |
%pts |
0.0 |
%pts |
0.3 |
%pts |
4.1 |
%pts |
3.2 |
%pts |
1.8 |
%pts |
Special factors affecting EBITDA |
|
40 |
|
(1 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
41 |
|
5 |
|
(1 |
) |
1 |
|
25 |
|
19 |
|
44 |
|
EBITDA margin, adj. |
|
|
|
0.3 |
%pts |
(0.0 |
)%pts |
0.3 |
%pts |
4.1 |
%pts |
3.2 |
%pts |
1.8 |
%pts |
Depreciation and amortization |
|
42 |
|
348 |
|
87 |
|
87 |
|
88 |
|
82 |
|
344 |
|
Financial income (expense), net |
|
43 |
|
(54 |
) |
3 |
|
4 |
|
4 |
|
4 |
|
15 |
|
Income (loss) before income taxes |
|
44 |
|
299 |
|
89 |
|
92 |
|
117 |
|
108 |
|
406 |
|
Capex |
|
45 |
|
9 |
|
1 |
|
0 |
|
4 |
|
6 |
|
11 |
|
Number of employees |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Step 1: IFRS. GHS.
Ger. GAAP |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
77 |
|
4,268 |
|
1,090 |
|
1,154 |
|
1,164 |
|
1,093 |
|
4,501 |
|
Net revenue |
|
78 |
|
304 |
|
80 |
|
84 |
|
78 |
|
94 |
|
336 |
|
EBITDA |
|
79 |
|
(276 |
) |
(163 |
) |
(81 |
) |
69 |
|
(142 |
) |
(317 |
) |
of which Vivento |
|
80 |
|
(434 |
) |
(250 |
) |
(261 |
) |
(152 |
) |
(123 |
) |
(786 |
) |
EBITDA margin |
|
|
|
(6.5 |
)% |
(15.0 |
)% |
(7.0 |
)% |
5.9 |
% |
(13.0 |
)% |
(7.0 |
)% |
Special factors affecting EBITDA |
|
81 |
|
40 |
|
(33 |
) |
135 |
|
21 |
|
176 |
|
299 |
|
EBITDA, adj. |
|
82 |
|
(316 |
) |
(130 |
) |
(216 |
) |
48 |
|
(318 |
) |
(616 |
) |
of which Vivento |
|
83 |
|
(491 |
) |
(217 |
) |
(304 |
) |
(183 |
) |
(186 |
) |
(890 |
) |
EBITDA margin, adj. |
|
|
|
(7.4 |
)% |
(11.9 |
)% |
(18.7 |
)% |
4.1 |
% |
(29.1 |
)% |
(13.7 |
)% |
Depreciation and amortization |
|
84 |
|
(881 |
) |
(212 |
) |
(173 |
) |
(180 |
) |
(281 |
) |
(846 |
) |
Financial income (expense), net |
|
85 |
|
(2,877 |
) |
(768 |
) |
(574 |
) |
(676 |
) |
(554 |
) |
(2,572 |
) |
Income (loss) before income taxes |
|
86 |
|
(4,071 |
) |
(1,156 |
) |
(839 |
) |
(799 |
) |
(998 |
) |
(3,792 |
) |
Capex |
|
87 |
|
416 |
|
57 |
|
131 |
|
124 |
|
178 |
|
490 |
|
Number of employees |
|
|
|
25,203 |
|
36,239 |
|
34,976 |
|
34,795 |
|
34,371 |
|
35,095 |
|
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
77 |
|
4,266 |
|
1,085 |
|
1,150 |
|
1,159 |
|
1,089 |
|
4,483 |
|
Net revenue |
|
78 |
|
306 |
|
80 |
|
84 |
|
78 |
|
94 |
|
336 |
|
EBITDA |
|
79 |
|
(113 |
) |
(65 |
) |
(51 |
) |
76 |
|
(334 |
) |
(374 |
) |
of which Vivento |
|
80 |
|
n.a. |
|
(208 |
) |
(229 |
) |
(117 |
) |
(185 |
) |
(739 |
) |
EBITDA margin |
|
|
|
(2.6 |
)% |
(6.0 |
)% |
(4.4 |
)% |
6.6 |
% |
(30.7 |
)% |
(8.3 |
)% |
Special factors affecting EBITDA |
|
81 |
|
107 |
|
(33 |
) |
43 |
|
21 |
|
(39 |
) |
(8 |
) |
EBITDA, adj. |
|
82 |
|
(220 |
) |
(32 |
) |
(94 |
) |
55 |
|
(295 |
) |
(366 |
) |
of which Vivento |
|
83 |
|
n.a. |
|
(175 |
) |
(272 |
) |
(148 |
) |
(199 |
) |
(794 |
) |
EBITDA margin, adj. |
|
|
|
(5.2 |
)% |
(2.9 |
)% |
(8.2 |
)% |
4.7 |
% |
(27.1 |
)% |
(8.2 |
)% |
Depreciation and amortization |
|
84 |
|
(820 |
) |
(212 |
) |
(206 |
) |
(247 |
) |
(249 |
) |
(914 |
) |
Financial income (expense), net |
|
85 |
|
(3,329 |
) |
(812 |
) |
(652 |
) |
(665 |
) |
(559 |
) |
(2,688 |
) |
Income (loss) before income taxes |
|
86 |
|
(4,262 |
) |
(1,089 |
) |
(909 |
) |
(836 |
) |
(1,142 |
) |
(3,976 |
) |
Capex |
|
87 |
|
895 |
|
61 |
|
150 |
|
189 |
|
304 |
|
704 |
|
Number of employees |
|
|
|
25,203 |
|
36,239 |
|
34,976 |
|
34,795 |
|
34,371 |
|
35,095 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
77 |
|
(2 |
) |
(5 |
) |
(4 |
) |
(5 |
) |
(4 |
) |
(18 |
) |
Net revenue |
|
78 |
|
2 |
|
(0 |
) |
0 |
|
0 |
|
(0 |
) |
(0 |
) |
EBITDA |
|
79 |
|
163 |
|
98 |
|
30 |
|
7 |
|
(192 |
) |
(57 |
) |
of which Vivento |
|
80 |
|
n.a. |
|
42 |
|
32 |
|
35 |
|
(62 |
) |
47 |
|
EBITDA margin |
|
|
|
3.8 |
%pts |
9.0 |
%pts |
2.6 |
%pts |
0.6 |
%pts |
(17.7 |
)%pts |
(1.3 |
)%pts |
Special factors affecting EBITDA |
|
81 |
|
67 |
|
0 |
|
(92 |
) |
0 |
|
(215 |
) |
(307 |
) |
EBITDA, adj. |
|
82 |
|
96 |
|
98 |
|
122 |
|
7 |
|
23 |
|
250 |
|
of which Vivento |
|
83 |
|
n.a. |
|
42 |
|
32 |
|
35 |
|
(13 |
) |
96 |
|
EBITDA margin, adj. |
|
|
|
2.2 |
%pts |
9.0 |
%pts |
10.5 |
%pts |
0.6 |
%pts |
2.0 |
%pts |
5.5 |
%pts |
Depreciation and amortization |
|
84 |
|
61 |
|
0 |
|
(33 |
) |
(67 |
) |
32 |
|
(68 |
) |
Financial income (expense), net |
|
85 |
|
(452 |
) |
(44 |
) |
(78 |
) |
11 |
|
(5 |
) |
(116 |
) |
Income (loss) before income taxes |
|
86 |
|
(191 |
) |
67 |
|
(70 |
) |
(37 |
) |
(144 |
) |
(184 |
) |
Capex |
|
87 |
|
479 |
|
4 |
|
19 |
|
65 |
|
126 |
|
214 |
|
Number of employees |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
HGB |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
|
|
(12,879 |
) |
(2,991 |
) |
(2,986 |
) |
(2,953 |
) |
(3,016 |
) |
(11,946 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
(176 |
) |
(23 |
) |
(12 |
) |
(140 |
) |
195 |
|
20 |
|
Special factors affecting EBITDA |
|
|
|
(28 |
) |
0 |
|
0 |
|
(93 |
) |
160 |
|
67 |
|
EBITDA, adj. |
|
|
|
(148 |
) |
(23 |
) |
(12 |
) |
(47 |
) |
35 |
|
(47 |
) |
Depreciation and amortization |
|
|
|
291 |
|
63 |
|
93 |
|
83 |
|
77 |
|
316 |
|
Financial income (expense), net |
|
|
|
311 |
|
61 |
|
(93 |
) |
24 |
|
(19 |
) |
(27 |
) |
Income (loss) before income taxes |
|
|
|
425 |
|
100 |
|
(13 |
) |
(32 |
) |
255 |
|
310 |
|
Capex |
|
|
|
(64 |
) |
(13 |
) |
9 |
|
(34 |
) |
(87 |
) |
(125 |
) |
IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
|
|
(13,165 |
) |
(3,052 |
) |
(3,081 |
) |
(3,078 |
) |
(3,073 |
) |
(12,284 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
(86 |
) |
(49 |
) |
(37 |
) |
(104 |
) |
180 |
|
(10 |
) |
Special factors affecting EBITDA |
|
|
|
(24 |
) |
0 |
|
0 |
|
(93 |
) |
146 |
|
53 |
|
EBITDA, adj. |
|
|
|
(62 |
) |
(49 |
) |
(37 |
) |
(11 |
) |
34 |
|
(63 |
) |
Depreciation and amortization |
|
|
|
49 |
|
11 |
|
12 |
|
12 |
|
37 |
|
72 |
|
Financial income (expense), net |
|
|
|
76 |
|
(232 |
) |
55 |
|
(14 |
) |
(24 |
) |
(215 |
) |
Income (loss) before income taxes |
|
|
|
39 |
|
(270 |
) |
30 |
|
(106 |
) |
193 |
|
(153 |
) |
Capex |
|
|
|
(39 |
) |
(49 |
) |
56 |
|
(10 |
) |
(52 |
) |
(55 |
) |
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
|
|
(286 |
) |
(61 |
) |
(95 |
) |
(125 |
) |
(57 |
) |
(338 |
) |
Net revenue |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
|
|
90 |
|
(26 |
) |
(25 |
) |
36 |
|
(15 |
) |
(30 |
) |
Special factors affecting EBITDA |
|
|
|
4 |
|
0 |
|
0 |
|
0 |
|
(14 |
) |
(14 |
) |
EBITDA, adj. |
|
|
|
86 |
|
(26 |
) |
(25 |
) |
36 |
|
(1 |
) |
(16 |
) |
Depreciation and amortization |
|
|
|
(242 |
) |
(52 |
) |
(81 |
) |
(71 |
) |
(40 |
) |
(244 |
) |
Financial income (expense), net |
|
|
|
(235 |
) |
(293 |
) |
148 |
|
(38 |
) |
(5 |
) |
(188 |
) |
Income (loss) before income taxes |
|
|
|
(386 |
) |
(370 |
) |
43 |
|
(74 |
) |
(62 |
) |
(463 |
) |
Capex |
|
|
|
25 |
|
(36 |
) |
47 |
|
24 |
|
35 |
|
70 |
|
Step 2: New structure. Broadband / Fixed Network.
Broadband / |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
28,295 |
|
6,941 |
|
6,809 |
|
6,609 |
|
6,651 |
|
27,010 |
|
of which domestic |
|
25,519 |
|
6,274 |
|
6,109 |
|
5,921 |
|
5,958 |
|
24,262 |
|
of which international |
|
2,776 |
|
667 |
|
700 |
|
688 |
|
693 |
|
2,748 |
|
Net revenue |
|
23,197 |
|
5,653 |
|
5,609 |
|
5,433 |
|
5,714 |
|
22,409 |
|
EBITDA |
|
10,368 |
|
2,559 |
|
2,577 |
|
2,477 |
|
2,340 |
|
9,953 |
|
of which domestic |
|
9,445 |
|
2,296 |
|
2,324 |
|
2,222 |
|
2,248 |
|
9,090 |
|
of which international |
|
923 |
|
263 |
|
253 |
|
255 |
|
92 |
|
863 |
|
EBITDA margin |
|
36.6 |
% |
36.9 |
% |
37.8 |
% |
37.5 |
% |
35.5 |
% |
36.8 |
% |
Special factors affecting EBITDA |
|
(40 |
) |
(33 |
) |
0 |
|
(18 |
) |
(169 |
) |
(220 |
) |
EBITDA, adj. |
|
10,408 |
|
2,592 |
|
2,577 |
|
2,495 |
|
2,509 |
|
10,173 |
|
of which domestic |
|
9,419 |
|
2,329 |
|
2,324 |
|
2,224 |
|
2,285 |
|
9,162 |
|
of which international |
|
989 |
|
263 |
|
253 |
|
271 |
|
224 |
|
1,011 |
|
EBITDA margin, adj. |
|
36.8 |
% |
37.3 |
% |
37.8 |
% |
37.8 |
% |
37.7 |
% |
37.7 |
% |
Depreciation and amortization |
|
(4,747 |
) |
(1,082 |
) |
(1,122 |
) |
(1,181 |
) |
(1,023 |
) |
(4,408 |
) |
Financial income (expense), net |
|
(15 |
) |
261 |
|
20 |
|
49 |
|
149 |
|
479 |
|
Income (loss) before income taxes |
|
5,606 |
|
1,738 |
|
1,475 |
|
1,345 |
|
1,466 |
|
6,024 |
|
Capex |
|
1,994 |
|
358 |
|
465 |
|
498 |
|
798 |
|
2,119 |
|
of which domestic |
|
1,588 |
|
298 |
|
368 |
|
404 |
|
628 |
|
1,698 |
|
of which international |
|
406 |
|
60 |
|
97 |
|
94 |
|
170 |
|
421 |
|
Number of employees |
|
128,064 |
|
114,748 |
|
114,860 |
|
116,549 |
|
115,010 |
|
115,292 |
|
of which domestic |
|
97,520 |
|
85,928 |
|
86,390 |
|
88,605 |
|
88,146 |
|
87,267 |
|
T-Com |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
27,206 |
|
6,599 |
|
6,470 |
|
6,254 |
|
6,278 |
|
25,601 |
|
of which domestic |
|
24,599 |
|
5,982 |
|
5,825 |
|
5,618 |
|
5,644 |
|
23,069 |
|
of which international |
|
2,607 |
|
617 |
|
645 |
|
636 |
|
634 |
|
2,532 |
|
Net revenue |
|
21,534 |
|
5,205 |
|
5,154 |
|
4,992 |
|
5,234 |
|
20,585 |
|
EBITDA |
|
10,080 |
|
2,457 |
|
2,440 |
|
2,342 |
|
2,265 |
|
9,504 |
|
of which domestic |
|
9,111 |
|
2,191 |
|
2,186 |
|
2,093 |
|
2,171 |
|
8,641 |
|
of which international |
|
969 |
|
266 |
|
254 |
|
249 |
|
94 |
|
863 |
|
EBITDA margin |
|
37.1 |
% |
37.2 |
% |
37.7 |
% |
37.4 |
% |
36.1 |
% |
37.1 |
% |
Special factors affecting EBITDA |
|
(40 |
) |
(33 |
) |
0 |
|
(17 |
) |
(169 |
) |
(219 |
) |
EBITDA, adj. |
|
10,120 |
|
2,490 |
|
2,440 |
|
2,359 |
|
2,434 |
|
9,723 |
|
of which domestic |
|
9,085 |
|
2,224 |
|
2,186 |
|
2,094 |
|
2,208 |
|
8,712 |
|
of which international |
|
1,035 |
|
266 |
|
254 |
|
265 |
|
226 |
|
1,011 |
|
EBITDA margin, adj. |
|
37.2 |
% |
37.7 |
% |
37.7 |
% |
37.7 |
% |
38.8 |
% |
38.0 |
% |
Depreciation and amortization |
|
(4,665 |
) |
(1,058 |
) |
(1,096 |
) |
(1,155 |
) |
(1,007 |
) |
(4,316 |
) |
Financial income (expense), net |
|
(161 |
) |
230 |
|
(11 |
) |
19 |
|
116 |
|
354 |
|
Income (loss) before income taxes |
|
5,254 |
|
1,629 |
|
1,333 |
|
1,206 |
|
1,374 |
|
5,542 |
|
Capex |
|
1,839 |
|
345 |
|
447 |
|
479 |
|
727 |
|
1,998 |
|
of which domestic |
|
1,452 |
|
291 |
|
356 |
|
390 |
|
567 |
|
1,604 |
|
of which international |
|
387 |
|
54 |
|
91 |
|
89 |
|
160 |
|
394 |
|
Number of employees |
|
125,428 |
|
111,830 |
|
111,915 |
|
113,568 |
|
112,002 |
|
112,329 |
|
Of which domestic |
|
95,583 |
|
83,821 |
|
84,269 |
|
86,427 |
|
85,954 |
|
85,118 |
|
T-Online |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
1,851 |
|
489 |
|
499 |
|
486 |
|
538 |
|
2,012 |
|
Net revenue |
|
1,663 |
|
448 |
|
455 |
|
441 |
|
480 |
|
1,824 |
|
EBITDA |
|
339 |
|
118 |
|
129 |
|
135 |
|
81 |
|
463 |
|
EBITDA margin |
|
18.3 |
% |
24.1 |
% |
25.9 |
% |
27.8 |
% |
15.1 |
% |
23.0 |
% |
Special factors affecting EBITDA |
|
24 |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
(1 |
) |
EBITDA, adj. |
|
315 |
|
118 |
|
129 |
|
136 |
|
81 |
|
464 |
|
EBITDA margin, adj. |
|
17.0 |
% |
24.1 |
% |
25.9 |
% |
28.0 |
% |
15.1 |
% |
23.1 |
% |
Depreciation and amortization |
|
(82 |
) |
(22 |
) |
(24 |
) |
(24 |
) |
(38 |
) |
(108 |
) |
Financial income (expense), net |
|
146 |
|
30 |
|
32 |
|
30 |
|
32 |
|
124 |
|
Income (loss) before income taxes |
|
403 |
|
126 |
|
137 |
|
141 |
|
75 |
|
479 |
|
Capex |
|
90 |
|
13 |
|
18 |
|
19 |
|
71 |
|
121 |
|
Number of employees |
|
2,637 |
|
2,918 |
|
2,945 |
|
2,981 |
|
3,007 |
|
2,963 |
|
of which domestic |
|
1,937 |
|
2,107 |
|
2,121 |
|
2,178 |
|
2,192 |
|
2,149 |
|
Transfer out |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
2,730 |
|
563 |
|
602 |
|
585 |
|
1,047 |
|
2,797 |
|
Net revenue |
|
2,955 |
|
676 |
|
708 |
|
664 |
|
745 |
|
2,793 |
|
EBITDA |
|
(73 |
) |
8 |
|
14 |
|
37 |
|
30 |
|
89 |
|
EBITDA margin |
|
(2.7 |
)% |
1.4 |
% |
2.3 |
% |
6.3 |
% |
2.9 |
% |
3.2 |
% |
Special factors affecting EBITDA |
|
17 |
|
4 |
|
0 |
|
0 |
|
2 |
|
6 |
|
EBITDA, adj. |
|
(90 |
) |
4 |
|
14 |
|
37 |
|
28 |
|
83 |
|
EBITDA margin, adj. |
|
(3.3 |
)% |
0.7 |
% |
2.3 |
% |
6.3 |
% |
2.7 |
% |
3.0 |
% |
Depreciation and amortization |
|
(64 |
) |
(16 |
) |
(16 |
) |
(14 |
) |
(11 |
) |
(57 |
) |
Financial income (expense), net |
|
78 |
|
(11 |
) |
16 |
|
12 |
|
38 |
|
55 |
|
Income (loss) before income taxes |
|
(59 |
) |
(19 |
) |
14 |
|
35 |
|
57 |
|
87 |
|
Capex |
|
51 |
|
6 |
|
16 |
|
9 |
|
1 |
|
30 |
|
Number of employees |
|
11,868 |
|
11,313 |
|
11,306 |
|
9,789 |
|
9,617 |
|
10,506 |
|
Transfer in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
1,884 |
|
418 |
|
396 |
|
322 |
|
316 |
|
1,452 |
|
Net revenue |
|
793 |
|
196 |
|
192 |
|
132 |
|
151 |
|
671 |
|
EBITDA |
|
187 |
|
4 |
|
22 |
|
8 |
|
13 |
|
47 |
|
EBITDA margin |
|
9.9 |
% |
1.0 |
% |
5.6 |
% |
2.5 |
% |
4.1 |
% |
3.2 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
187 |
|
4 |
|
22 |
|
8 |
|
13 |
|
47 |
|
EBITDA margin, adj. |
|
9.9 |
% |
1.0 |
% |
5.6 |
% |
2.5 |
% |
4.1 |
% |
3.2 |
% |
Depreciation and amortization |
|
(65 |
) |
(17 |
) |
(18 |
) |
(14 |
) |
(16 |
) |
(65 |
) |
Financial income (expense), net |
|
(7 |
) |
1 |
|
(2 |
) |
(3 |
) |
1 |
|
(3 |
) |
Income (loss) before income taxes |
|
115 |
|
(12 |
) |
2 |
|
(9 |
) |
(2 |
) |
(21 |
) |
Capex |
|
17 |
|
4 |
|
3 |
|
0 |
|
2 |
|
8 |
|
Number of employees |
|
880 |
|
628 |
|
631 |
|
633 |
|
634 |
|
631 |
|
Step 2: New structure. Business Customers.
Business |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
12,937 |
|
3,075 |
|
3,272 |
|
3,169 |
|
3,441 |
|
12,957 |
|
Net revenue |
|
9,267 |
|
2,209 |
|
2,327 |
|
2,200 |
|
2,505 |
|
9,241 |
|
EBITDA |
|
1,532 |
|
390 |
|
383 |
|
448 |
|
295 |
|
1,517 |
|
EBITDA margin |
|
11.8 |
% |
12.7 |
% |
11.7 |
% |
14.1 |
% |
8.6 |
% |
11.7 |
% |
Special factors affecting EBITDA |
|
50 |
|
(3 |
) |
(43 |
) |
(5 |
) |
(70 |
) |
(121 |
) |
EBITDA, adj. |
|
1,482 |
|
393 |
|
426 |
|
453 |
|
365 |
|
1,638 |
|
EBITDA margin, adj. |
|
11.5 |
% |
12.8 |
% |
13.0 |
% |
14.3 |
% |
10.6 |
% |
12.6 |
% |
Depreciation and amortization |
|
(1,066 |
) |
(232 |
) |
(243 |
) |
(234 |
) |
(238 |
) |
(947 |
) |
EBIT |
|
466 |
|
159 |
|
140 |
|
214 |
|
57 |
|
570 |
|
Financial income (expense), net |
|
(515 |
) |
(166 |
) |
(24 |
) |
(173 |
) |
(26 |
) |
(389 |
) |
Income (loss) before income taxes |
|
(49 |
) |
(7 |
) |
116 |
|
41 |
|
31 |
|
181 |
|
Capex |
|
934 |
|
139 |
|
222 |
|
201 |
|
307 |
|
868 |
|
Number of employees |
|
54,390 |
|
52,357 |
|
52,729 |
|
51,593 |
|
51,232 |
|
51,978 |
|
Business |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
4,702 |
|
1,168 |
|
1,170 |
|
1,129 |
|
1,242 |
|
4,709 |
|
Net revenue |
|
4,571 |
|
1,062 |
|
1,088 |
|
1,050 |
|
1,097 |
|
4,297 |
|
EBITDA |
|
149 |
|
71 |
|
56 |
|
79 |
|
46 |
|
252 |
|
EBITDA margin |
|
3.2 |
% |
6.1 |
% |
4.8 |
% |
7.0 |
% |
3.7 |
% |
5.4 |
% |
Special factors affecting EBITDA |
|
89 |
|
(3 |
) |
(43 |
) |
(5 |
) |
(70 |
) |
(121 |
) |
EBITDA, adj. |
|
60 |
|
74 |
|
99 |
|
84 |
|
116 |
|
373 |
|
EBITDA margin, adj. |
|
1.3 |
% |
6.3 |
% |
8.5 |
% |
7.4 |
% |
9.3 |
% |
7.9 |
% |
Depreciation and amortization |
|
(272 |
) |
(58 |
) |
(60 |
) |
(54 |
) |
(58 |
) |
(229 |
) |
EBIT |
|
(123 |
) |
13 |
|
(4 |
) |
25 |
|
(11 |
) |
23 |
|
Financial income (expense), net |
|
5 |
|
(3 |
) |
(4 |
) |
(1 |
) |
(7 |
) |
(15 |
) |
Income (loss) before income taxes |
|
(118 |
) |
9 |
|
(8 |
) |
24 |
|
(18 |
) |
7 |
|
Capex |
|
166 |
|
25 |
|
51 |
|
42 |
|
50 |
|
167 |
|
Number of employees |
|
17,836 |
|
17,247 |
|
17,210 |
|
15,734 |
|
15,606 |
|
16,449 |
|
Enterprise |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
8,235 |
|
1,907 |
|
2,102 |
|
2,039 |
|
2,200 |
|
8,248 |
|
Net revenue |
|
4,696 |
|
1,147 |
|
1,239 |
|
1,150 |
|
1,408 |
|
4,944 |
|
EBITDA |
|
1,383 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
EBITDA margin |
|
16.8 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
Special factors affecting EBITDA |
|
(39 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
1,422 |
|
319 |
|
328 |
|
369 |
|
249 |
|
1,265 |
|
EBITDA margin, adj. |
|
17.3 |
% |
16.7 |
% |
15.6 |
% |
18.1 |
% |
11.3 |
% |
15.3 |
% |
Depreciation and amortization |
|
(796 |
) |
(174 |
) |
(184 |
) |
(180 |
) |
(181 |
) |
(718 |
) |
EBIT |
|
589 |
|
146 |
|
144 |
|
189 |
|
68 |
|
547 |
|
Financial income (expense), net |
|
(374 |
) |
(131 |
) |
8 |
|
(136 |
) |
(9 |
) |
(268 |
) |
Income (loss) before income taxes |
|
215 |
|
14 |
|
155 |
|
53 |
|
51 |
|
274 |
|
Capex |
|
768 |
|
114 |
|
171 |
|
159 |
|
257 |
|
701 |
|
Number of employees |
|
36,554 |
|
35,110 |
|
35,520 |
|
35,860 |
|
35,626 |
|
35,529 |
|
Transfer out |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
1,604 |
|
384 |
|
387 |
|
309 |
|
305 |
|
1,385 |
|
Net revenue |
|
793 |
|
196 |
|
192 |
|
132 |
|
151 |
|
671 |
|
EBITDA |
|
232 |
|
16 |
|
27 |
|
14 |
|
20 |
|
78 |
|
EBITDA margin |
|
14.5 |
% |
4.2 |
% |
7.0 |
% |
4.5 |
% |
6.6 |
% |
5.6 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
232 |
|
16 |
|
27 |
|
14 |
|
20 |
|
78 |
|
EBITDA margin, adj. |
|
14.5 |
% |
4.2 |
% |
7.0 |
% |
4.5 |
% |
6.6 |
% |
5.6 |
% |
Depreciation and amortization |
|
(65 |
) |
(17 |
) |
(18 |
) |
(15 |
) |
(15 |
) |
(65 |
) |
EBIT |
|
167 |
|
(1 |
) |
10 |
|
(1 |
) |
5 |
|
13 |
|
Financial income (expense), net |
|
(7 |
) |
0 |
|
(4 |
) |
0 |
|
1 |
|
(3 |
) |
Income (loss) before income taxes |
|
161 |
|
(1 |
) |
5 |
|
0 |
|
6 |
|
10 |
|
Capex |
|
17 |
|
4 |
|
3 |
|
0 |
|
2 |
|
8 |
|
Number of employees |
|
880 |
|
628 |
|
631 |
|
633 |
|
634 |
|
631 |
|
Transfer in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
1,007 |
|
222 |
|
272 |
|
276 |
|
202 |
|
972 |
|
Net revenue |
|
71 |
|
18 |
|
15 |
|
21 |
|
22 |
|
76 |
|
EBITDA |
|
283 |
|
56 |
|
70 |
|
78 |
|
(21 |
) |
183 |
|
EBITDA margin |
|
28.1 |
% |
25.3 |
% |
25.7 |
% |
28.2 |
% |
(10.5 |
)% |
18.8 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
283 |
|
56 |
|
70 |
|
78 |
|
(21 |
) |
183 |
|
EBITDA margin, adj. |
|
28.1 |
% |
25.3 |
% |
25.7 |
% |
28.2 |
% |
(10.5 |
)% |
18.8 |
% |
Depreciation and amortization |
|
(49 |
) |
(8 |
) |
(10 |
) |
(10 |
) |
(9 |
) |
(37 |
) |
EBIT |
|
234 |
|
48 |
|
60 |
|
67 |
|
(30 |
) |
145 |
|
Financial income (expense), net |
|
0 |
|
0 |
|
(1 |
) |
0 |
|
3 |
|
2 |
|
Income (loss) before income taxes |
|
233 |
|
48 |
|
60 |
|
67 |
|
(27 |
) |
148 |
|
Capex |
|
33 |
|
2 |
|
6 |
|
7 |
|
17 |
|
31 |
|
Number of employees |
|
1,294 |
|
1,320 |
|
2,189 |
|
2,687 |
|
2,698 |
|
2,223 |
|
Transfer in |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total revenue |
|
4,463 |
|
1,044 |
|
1,097 |
|
976 |
|
1,176 |
|
4,293 |
|
Net revenue |
|
2,955 |
|
676 |
|
708 |
|
664 |
|
745 |
|
2,793 |
|
EBITDA |
|
(27 |
) |
19 |
|
17 |
|
48 |
|
26 |
|
110 |
|
EBITDA margin |
|
(0.6 |
)% |
1.8 |
% |
1.6 |
% |
4.9 |
% |
2.2 |
% |
2.6 |
% |
Special factors affecting EBITDA |
|
(17 |
) |
(3 |
) |
0 |
|
0 |
|
(2 |
) |
(5 |
) |
EBITDA, adj. |
|
(10 |
) |
22 |
|
17 |
|
48 |
|
28 |
|
115 |
|
EBITDA margin, adj. |
|
(0.2 |
)% |
2.1 |
% |
1.5 |
% |
4.9 |
% |
2.4 |
% |
2.7 |
% |
Depreciation and amortization |
|
(64 |
) |
(16 |
) |
(16 |
) |
(14 |
) |
(11 |
) |
(57 |
) |
EBIT |
|
(91 |
) |
3 |
|
1 |
|
34 |
|
15 |
|
54 |
|
Financial income (expense), net |
|
1 |
|
(4 |
) |
(5 |
) |
(4 |
) |
(2 |
) |
(15 |
) |
Income (loss) before income taxes |
|
(91 |
) |
(1 |
) |
(4 |
) |
30 |
|
13 |
|
38 |
|
Capex |
|
50 |
|
6 |
|
19 |
|
10 |
|
13 |
|
48 |
|
Number of employees |
|
11,868 |
|
11,313 |
|
11,306 |
|
9,789 |
|
9,617 |
|
10,506 |
|
Step 2: New structure. GHS.
GHS |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
3,271 |
|
866 |
|
882 |
|
887 |
|
891 |
|
3,526 |
|
Net Revenue |
|
235 |
|
62 |
|
69 |
|
57 |
|
72 |
|
260 |
|
EBITDA |
|
(396 |
) |
(120 |
) |
(122 |
) |
(1 |
) |
(313 |
) |
(556 |
) |
of which Vivento(1) |
|
n.a. |
|
(208 |
) |
(229 |
) |
(117 |
) |
(185 |
) |
(739 |
) |
EBITDA margin |
|
(12.1 |
)% |
(13.9 |
)% |
(13.8 |
)% |
(0.1 |
)% |
(35.1 |
)% |
(15.8 |
)% |
Special factors affecting EBITDA |
|
107 |
|
(33 |
) |
43 |
|
21 |
|
(39 |
) |
(8 |
) |
EBITDA, adj. |
|
(503 |
) |
(87 |
) |
(165 |
) |
(22 |
) |
(274 |
) |
(548 |
) |
of which Vivento(1) |
|
n.a. |
|
(175 |
) |
(272 |
) |
(148 |
) |
(199 |
) |
(794 |
) |
EBITDA margin, adj. |
|
(15.4 |
)% |
(10.0 |
)% |
(18.7 |
)% |
(2.5 |
)% |
(30.8 |
)% |
(15.5 |
)% |
Depreciation and amortization |
|
(771 |
) |
(204 |
) |
(196 |
) |
(237 |
) |
(239 |
) |
(876 |
) |
Financial income (expense), net |
|
(3,328 |
) |
(812 |
) |
(651 |
) |
(666 |
) |
(559 |
) |
(2,688 |
) |
Income (loss) before income taxes |
|
(4,495 |
) |
(1,136 |
) |
(969 |
) |
(904 |
) |
(1,111 |
) |
(4,120 |
) |
Capex |
|
862 |
|
58 |
|
145 |
|
182 |
|
288 |
|
673 |
|
Number of employees |
|
23,909 |
|
34,919 |
|
32,787 |
|
32,108 |
|
31,673 |
|
32,872 |
|
Transfer out |
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
995 |
|
219 |
|
268 |
|
272 |
|
198 |
|
957 |
|
Net Revenue |
|
71 |
|
18 |
|
15 |
|
21 |
|
22 |
|
76 |
|
EBITDA |
|
283 |
|
55 |
|
71 |
|
77 |
|
(21 |
) |
182 |
|
EBITDA margin |
|
28.5 |
% |
25.1 |
% |
26.5 |
% |
28.3 |
% |
(10.6 |
)% |
19.0 |
% |
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA, adj. |
|
283 |
|
55 |
|
71 |
|
77 |
|
(21 |
) |
182 |
|
EBITDA margin, adj. |
|
28.5 |
% |
25.1 |
% |
26.5 |
% |
28.3 |
% |
(10.6 |
)% |
19.0 |
% |
Depreciation and amortization |
|
(49 |
) |
(8 |
) |
(10 |
) |
(10 |
) |
(10 |
) |
(38 |
) |
Financial income (expense), net |
|
(1 |
) |
0 |
|
(1 |
) |
1 |
|
0 |
|
0 |
|
Income (loss) before income taxes |
|
233 |
|
47 |
|
60 |
|
68 |
|
(31 |
) |
144 |
|
Capex |
|
33 |
|
3 |
|
5 |
|
7 |
|
16 |
|
31 |
|
Number of employees |
|
1,294 |
|
1,320 |
|
2,189 |
|
2,687 |
|
2,698 |
|
2,223 |
|
(1) Segmentwert nach IFRS für 2003 nicht verfügbar.
Step 2: New structure. Consolidation.
|
|
FY 2003 |
|
Q1 2004 |
|
Q2 2004 |
|
Q3 2004 |
|
Q4 2004 |
|
FY 2004 |
|
Total Revenue |
|
(13,198 |
) |
(3,264 |
) |
(3,235 |
) |
(3,226 |
) |
(2,935 |
) |
(12,660 |
) |
Net Revenue |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
EBITDA |
|
(17 |
) |
(50 |
) |
(42 |
) |
(100 |
) |
204 |
|
12 |
|
Special factors affecting EBITDA |
|
0 |
|
0 |
|
0 |
|
(93 |
) |
146 |
|
53 |
|
EBITDA, adj. |
|
(17 |
) |
(50 |
) |
(42 |
) |
(7 |
) |
58 |
|
(41 |
) |
Depreciation and amortization |
|
48 |
|
13 |
|
13 |
|
17 |
|
13 |
|
56 |
|
Financial income (expense), net |
|
76 |
|
(233 |
) |
53 |
|
(10 |
) |
(26 |
) |
(216 |
) |
Income (loss) before income taxes |
|
107 |
|
(270 |
) |
24 |
|
(93 |
) |
191 |
|
(148 |
) |
Capex |
|
(109 |
) |
(48 |
) |
54 |
|
(9 |
) |
(40 |
) |
(43 |
) |
IFRS. Consolidated balance sheet.
|
|
|
|
Dec. 31, 2003 |
|
Dec. 31, 2004 |
|
||||||||
Assets |
|
FN |
|
Ger. |
|
Delta |
|
IFRS |
|
Ger. |
|
Delta |
|
IFRS |
|
Current assets |
|
|
|
19.9 |
|
1.6 |
|
21.5 |
|
16.9 |
|
2.1 |
|
19.0 |
|
Cash and cash equivalents |
|
|
|
9.1 |
|
0.0 |
|
9.1 |
|
8.0 |
|
0.0 |
|
8.0 |
|
Trade receivables and other receivables |
|
88 |
|
5.7 |
|
1.9 |
|
7.6 |
|
5.1 |
|
1.6 |
|
6.7 |
|
Income tax receivables |
|
|
|
1.0 |
|
0.0 |
|
1.0 |
|
0.3 |
|
0.0 |
|
0.3 |
|
Other current financial assets |
|
89 |
|
2.1 |
|
0.0 |
|
2.1 |
|
1.6 |
|
0.2 |
|
1.8 |
|
Inventories |
|
90 |
|
1.2 |
|
(0.2 |
) |
1.0 |
|
1.2 |
|
0.0 |
|
1.2 |
|
Other current assets |
|
91 |
|
0.8 |
|
(0.1 |
) |
0.7 |
|
0.7 |
|
0.3 |
|
1.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent assets |
|
|
|
98.1 |
|
20.0 |
|
118.1 |
|
92.7 |
|
17.4 |
|
110.1 |
|
Intangible assets |
|
92 |
|
45.2 |
|
10.2 |
|
55.4 |
|
43.2 |
|
7.5 |
|
50.7 |
|
Property, plant and equipment |
|
93 |
|
47.5 |
|
1.8 |
|
49.3 |
|
44.4 |
|
1.9 |
|
46.3 |
|
Financial assets accounted for using the equity method |
|
|
|
2.4 |
|
0.0 |
|
2.4 |
|
2.6 |
|
0.1 |
|
2.7 |
|
Other noncurrent financial assets |
|
94 |
|
0.8 |
|
0.6 |
|
1.4 |
|
0.5 |
|
1.2 |
|
1.7 |
|
Deferred tax assets |
|
95 |
|
1.9 |
|
7.4 |
|
9.3 |
|
1.9 |
|
6.4 |
|
8.3 |
|
Other noncurrent assets |
|
96 |
|
0.3 |
|
0.0 |
|
0.3 |
|
0.1 |
|
0.3 |
|
0.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
|
118.0 |
|
21.6 |
|
139.6 |
|
109.6 |
|
19.5 |
|
129.1 |
|
IFRS. Consolidated balance sheet.
|
|
|
|
Dec. 31, 2003 |
|
Dec. 31, 2004 |
|
||||||||
Shareholders equity and |
|
FN |
|
Ger. |
|
Delta |
|
IFRS |
|
Ger. |
|
Delta |
|
IFRS |
|
Current liabilities |
|
|
|
30.3 |
|
0.1 |
|
30.4 |
|
25.6 |
|
0.6 |
|
26.2 |
|
Current financial liabilities |
|
97 |
|
18.1 |
|
0.8 |
|
18.9 |
|
13.0 |
|
1.1 |
|
14.1 |
|
Trade payables and other payables |
|
|
|
6.4 |
|
0.0 |
|
6.4 |
|
6.2 |
|
0.0 |
|
6.2 |
|
Income tax liabilities |
|
|
|
0.2 |
|
0.0 |
|
0.2 |
|
0.7 |
|
0.0 |
|
0.7 |
|
Current accruals |
|
98 |
|
4.1 |
|
(0.7 |
) |
3.4 |
|
4.3 |
|
(0.6 |
) |
3.7 |
|
Other current liabilities |
|
|
|
1.5 |
|
0.0 |
|
1.5 |
|
1.4 |
|
0.1 |
|
1.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent liabilities |
|
|
|
53.9 |
|
11.5 |
|
65.4 |
|
46.1 |
|
10.9 |
|
57.0 |
|
Noncurrent financial liabilities |
|
99 |
|
43.5 |
|
2.8 |
|
46.3 |
|
34.9 |
|
3.2 |
|
38.1 |
|
Pension provisions and other employee benefits |
|
100 |
|
4.5 |
|
(0.3 |
) |
4.2 |
|
4.6 |
|
(0.4 |
) |
4.2 |
|
Other noncurrent accruals |
|
101 |
|
3.1 |
|
(0.5 |
) |
2.6 |
|
3.4 |
|
(0.3 |
) |
3.1 |
|
Deferred tax liabilities |
|
102 |
|
2.8 |
|
7.8 |
|
10.6 |
|
3.1 |
|
6.6 |
|
9.7 |
|
Other noncurrent liabilities |
|
103 |
|
0.0 |
|
1.7 |
|
1.7 |
|
0.1 |
|
1.8 |
|
1.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt |
|
|
|
84.2 |
|
11.6 |
|
95.8 |
|
71.7 |
|
11.5 |
|
83.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders equity |
|
|
|
33.8 |
|
10.0 |
|
43.8 |
|
37.9 |
|
8.0 |
|
45.9 |
|
Capital stock |
|
|
|
10.7 |
|
0.0 |
|
10.7 |
|
10.7 |
|
0.0 |
|
10.7 |
|
Additional paid-in capital |
|
104 |
|
50.1 |
|
(0.6 |
) |
49.5 |
|
50.1 |
|
(0.6 |
) |
49.5 |
|
Ratained earning incl. carryforwards |
|
105 |
|
(24.3 |
) |
4.7 |
|
(19.6 |
) |
(23.1 |
) |
5.3 |
|
(17.7 |
) |
Cumulative other comprehensive income |
|
106 |
|
(8.0 |
) |
5.1 |
|
(2.9 |
) |
(8.5 |
) |
5.9 |
|
(2.6 |
) |
Consolidated net profit/(loss) |
|
107 |
|
1.3 |
|
5.1 |
|
1.9 |
|
4.6 |
|
(3.0 |
) |
1.6 |
|
Own shareholdings |
|
|
|
0.0 |
|
0.6 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
Shareholdings in other ocmpanies (minority interests) |
|
108 |
|
4.0 |
|
0.0 |
|
4.2 |
|
4.0 |
|
0.4 |
|
4.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
|
118.0 |
|
21.6 |
|
139.6 |
|
109.6 |
|
19.5 |
|
129.1 |
|
Preliminary reconciliations of shareholders equity.
|
|
FN |
|
Dec. 31, |
|
Dec. 31, |
|
Shareholders equity under German GAAP |
|
|
|
37.9 |
|
33.8 |
|
|
|
|
|
|
|
|
|
Goodwill |
|
109 |
|
(3.1 |
) |
(3.5 |
) |
Mobile communications licenses |
|
109 |
|
9.8 |
|
13.1 |
|
Software |
|
110 |
|
0.6 |
|
0.6 |
|
Borrowing costs |
|
111 |
|
(0.5 |
) |
(0.6 |
) |
Measurement of investments in companies not fully consolidated and not accounted for in the consolidated financial statements under the equity method |
|
112 |
|
0.9 |
|
0.3 |
|
Leases |
|
113 |
|
(0.6 |
) |
(0.5 |
) |
Provisions |
|
114 |
|
1.6 |
|
1.5 |
|
Pension provisions |
|
|
|
0.4 |
|
0.3 |
|
Other provisions |
|
|
|
1.2 |
|
1.2 |
|
Deferred revenue |
|
115 |
|
(1.2 |
) |
(1.1 |
) |
Other IFRS adjustments |
|
116 |
|
0.7 |
|
0.6 |
|
Deferred taxes |
|
117 |
|
(0.2 |
) |
(0.4 |
) |
Deferred tax assets |
|
|
|
6.4 |
|
7.4 |
|
Deferred tax liabilities |
|
|
|
(6.6 |
) |
(7.8 |
) |
|
|
|
|
|
|
|
|
Shareholders equity under IFRS |
|
|
|
45.9 |
|
43.8 |
|
Reconciliation Net debt.
|
|
Dec. 31, |
|
Sep. 30, |
|
Jun. 30, |
|
Mar. 31, |
|
Dec. 31, |
|
Jan. 1, |
|
Net debt derived from German GAAP information |
|
35,198 |
|
40,779 |
|
43,330 |
|
44,585 |
|
46,576 |
|
61,106 |
|
Lease liabilities |
|
2,489 |
|
2,294 |
|
2,340 |
|
2,410 |
|
2,443 |
|
1,843 |
|
Liabilities arising from ABS transactions |
|
1,563 |
|
1,190 |
|
1,195 |
|
1,367 |
|
1,233 |
|
1,202 |
|
Other IFRS differences |
|
344 |
|
404 |
|
452 |
|
521 |
|
473 |
|
164 |
|
Net debt derived from IFRS information |
|
39,592 |
|
44,667 |
|
47,317 |
|
48,883 |
|
50,725 |
|
64,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds |
|
39,458 |
|
43,347 |
|
46,559 |
|
49,997 |
|
51,164 |
|
56,417 |
|
Liabilities to banks |
|
3,074 |
|
3,153 |
|
3,182 |
|
3,262 |
|
3,789 |
|
6,235 |
|
Liabilities to non-banks from promissory notes |
|
651 |
|
718 |
|
755 |
|
769 |
|
756 |
|
811 |
|
Liabilities from derivatives |
|
1,096 |
|
986 |
|
963 |
|
1,003 |
|
1,255 |
|
1,189 |
|
Lease liabilities |
|
2,487 |
|
2,294 |
|
2,340 |
|
2,410 |
|
2,443 |
|
1,843 |
|
Liabilities arising from ABS transactions |
|
1,563 |
|
1,190 |
|
1,195 |
|
1,367 |
|
1,233 |
|
1,202 |
|
Other financial liabilities |
|
79 |
|
76 |
|
120 |
|
197 |
|
52 |
|
103 |
|
Gross debt derived from IFRS information |
|
48,408 |
|
51,764 |
|
55,114 |
|
59,005 |
|
60,692 |
|
67,800 |
|
Cash and cash equivalents |
|
8,038 |
|
5,928 |
|
6,614 |
|
9,198 |
|
9,131 |
|
1,904 |
|
Available-for-sale/Held-for-trading financial assets |
|
120 |
|
636 |
|
676 |
|
151 |
|
137 |
|
492 |
|
Derivatives |
|
284 |
|
269 |
|
235 |
|
385 |
|
318 |
|
805 |
|
Other financial assets |
|
374 |
|
264 |
|
272 |
|
388 |
|
381 |
|
284 |
|
Net debt derived from IFRS information |
|
39,592 |
|
44,667 |
|
47,317 |
|
48,883 |
|
50,725 |
|
64,315 |
|
Reconciliation Cash flow statement.
Net cash (used for) / |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1 - Q3 |
|
FY 2004 |
|
German GAAP |
|
|
|
14,316 |
|
4,250 |
|
7,128 |
|
10,808 |
|
16,307 |
|
Internally generated software |
|
118 |
|
242 |
|
15 |
|
54 |
|
153 |
|
254 |
|
ABS |
|
119 |
|
378 |
|
(211 |
) |
(51 |
) |
(58 |
) |
(339 |
) |
Leases |
|
120 |
|
150 |
|
20 |
|
111 |
|
160 |
|
207 |
|
Interest on borrowings |
|
121 |
|
(41 |
) |
(8 |
) |
(22 |
) |
(29 |
) |
(58 |
) |
Other |
|
|
|
8 |
|
238 |
|
(16 |
) |
90 |
|
350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
|
|
15,053 |
|
4,304 |
|
7,204 |
|
11,124 |
|
16,721 |
|
Net cash (used for) / |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1 - Q3 |
|
FY 2004 |
|
German GAAP |
|
|
|
(2,073 |
) |
(1,337 |
) |
(3,351 |
) |
(4,352 |
) |
(4,318 |
) |
Internally generated software |
|
|
|
(242 |
) |
(15 |
) |
(54 |
) |
(153 |
) |
(254 |
) |
ABS |
|
|
|
46 |
|
19 |
|
39 |
|
46 |
|
41 |
|
Leases |
|
|
|
|
|
22 |
|
40 |
|
35 |
|
37 |
|
Interest on borrowings |
|
|
|
41 |
|
8 |
|
22 |
|
29 |
|
58 |
|
Other |
|
|
|
(21 |
) |
(32 |
) |
(32 |
) |
(162 |
) |
(66 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
|
|
(2,249 |
) |
(1,335 |
) |
(3,336 |
) |
(4,557 |
) |
(4,502 |
) |
Net cash (used for) / |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1 - Q3 |
|
FY 2004 |
|
German GAAP |
|
|
|
(5,226 |
) |
(2,606 |
) |
(6,204 |
) |
(9,342 |
) |
(12,652 |
) |
Internally generated software |
|
|
|
|
|
|
|
|
|
|
|
|
|
ABS |
|
|
|
(424 |
) |
192 |
|
12 |
|
12 |
|
298 |
|
Leases |
|
|
|
(150 |
) |
(42 |
) |
(151 |
) |
(195 |
) |
(244 |
) |
Interest on borrowings |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
3 |
|
(203 |
) |
65 |
|
81 |
|
(284 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
|
|
(5,797 |
) |
(2,659 |
) |
(6,278 |
) |
(9,444 |
) |
(12,882 |
) |
Effect of foreign exchange |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1 - Q3 |
|
FY 2004 |
|
German GAAP |
|
|
|
(43 |
) |
17 |
|
30 |
|
5 |
|
0 |
|
Other |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS |
|
|
|
(33 |
) |
14 |
|
13 |
|
(4 |
) |
0 |
|
Other |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
Delta IFRS |
|
FN |
|
FY 2003 |
|
Q1 2004 |
|
H1 2004 |
|
Q1 - Q3 |
|
FY 2004 |
|
Delta IFRS |
|
|
|
737 |
|
54 |
|
76 |
|
316 |
|
414 |
|
Net cash (used for) / provided by operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used for) / provided by investing activities |
|
|
|
(176 |
) |
2 |
|
15 |
|
(205 |
) |
(184 |
) |
Net cash (used for) / provided by financing activities |
|
|
|
(571 |
) |
(53 |
) |
(74 |
) |
(102 |
) |
(230 |
) |
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
|
10 |
|
(3 |
) |
(17 |
) |
(9 |
) |
0 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
DEUTSCHE TELEKOM AG |
||
|
|
||
|
|
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By: |
/s/ ppa. Rolf Ewenz-Sandten |
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Name: Rolf Ewenz-Sandten |
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Title: Vice President |
Date: April 20, 2005