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5 Non-current assets and disposal groups held for sale and liabilities directly associated with non-current assets and disposal groups held for sale

As of December 31, 2021, current assets recognized in the consolidated statement of financial position included EUR 4.9 billion (December 31, 2020: EUR 1.1 billion) in non-current assets and disposal groups held for sale. Current liabilities in the consolidated statement of financial position included liabilities directly associated with non-current assets and disposal groups held for sale of EUR 1.4 billion as of December 31, 2021 (December 31, 2020: EUR 0.4 billion). The change in carrying amounts resulted from the transactions described below.

millions of €

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2021

Dec. 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

T‑Mobile Nether­lands B.V.

Glasfaser­Plus GmbH

T‑Mobile US spectrum

Other

Total

Telekom Romania Communi­cations S.A.

T‑Mobile Infra B.V.

T‑Mobile US spectrum

Other

Total

Non-current assets and disposal groups held for sale

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

8

3

 

 

11

73

 

 

 

73

Trade receivables

396

 

 

 

396

120

 

 

1

121

Inventories

44

 

 

 

44

10

 

 

 

10

Other current assets

64

 

 

 

64

76

9

 

2

87

Intangible assets

2,253

120

27

5

2,405

32

259

39

 

330

Of which: goodwill

876

120

 

2

998

 

259

 

 

259

Property, plant and equipment

746

 

 

18

764

176

123

 

8

307

Right-of-use assets

612

 

 

 

612

102

34

 

 

136

Investments accounted for using the equity method

 

 

 

 

0

 

 

 

 

0

Deferred tax assets

414

 

 

 

414

 

 

 

 

0

Other non-current assets

117

 

 

29

146

17

 

 

32

49

Total

4,654

123

27

52

4,856

606

425

39

43

1,113

Liabilities directly associated with non-current assets and disposal groups held for sale

 

 

 

 

 

 

 

 

 

 

Trade and other payables

324

 

 

 

324

155

3

 

 

158

Income tax liabilities

 

 

 

 

0

 

4

 

 

4

Other current provisions

81

 

 

 

81

14

 

 

 

14

Other current liabilities

247

 

 

 

247

71

22

 

2

95

Lease liabilities

634

 

 

 

634

 

 

 

 

0

Provisions and similar obligations

 

 

 

 

0

11

 

 

 

11

Other non-current provisions

32

 

 

 

32

1

35

 

 

36

Deferred tax liabilities

39

 

 

 

39

 

3

 

 

3

Other non-current liabilities

8

 

 

 

8

43

85

 

 

128

Total

1,365

0

0

0

1,365

295

152

0

2

449

As of December 31, 2021, the carrying amounts included the reclassified assets and liabilities of T‑Mobile Netherlands B.V. in the Group Development operating segment, and of GlasfaserPlus GmbH in the Germany operating segment. Both these companies were classified as held for sale as of December 31, 2021 on account of the specific intention to sell them.

The assets and liabilities of both companies were measured at the lower of the carrying amount and fair value less costs of disposal. The fair values were determined on the basis of the sale agreements concluded with the contracting parties (Level 1 inputs).

For further information on the two agreed transactions, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”

In September and December 2021, transactions were agreed between T‑Mobile US and two competitors for the exchange of mobile spectrum licenses in order to improve mobile network coverage. In the prior year, a transaction was agreed between T‑Mobile US and a competitor for the exchange of mobile spectrum licenses, which was consummated in the reporting year. The measurement uses parameters for which there are no observable market parameters (Level 3).

As of December 31, 2020, the carrying amounts included the reclassified assets and liabilities of Telekom Romania Communications S.A. (TKR), which at that time operated the Romanian fixed-network business in the Europe operating segment. They also included the assets and liabilities of the Dutch company T‑Mobile Infra B.V., which at that time was assigned to the Group Development operating segment.

For further information on the disposals consummated in the reporting year, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”

No reversals of impairments of the carrying amounts of the non-current assets and disposal groups held for sale were recognized either in the reporting year or in the prior year.