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 € |
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Dec. 31, 2021 |
Dec. 31, 2020 |
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T‑Mobile Netherlands B.V. |
GlasfaserPlus GmbH |
Other |
Total |
Telekom Romania Communications S.A. |
T‑Mobile Infra B.V. |
Other |
Total |
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Non-current assets and disposal groups held for sale |
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Cash and cash equivalents |
8 |
3 |
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|
11 |
73 |
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|
73 |
Trade receivables |
396 |
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|
396 |
120 |
|
|
1 |
121 |
Inventories |
44 |
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|
44 |
10 |
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|
10 |
Other current assets |
64 |
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|
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 |
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|
259 |
Property, plant and equipment |
746 |
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|
18 |
764 |
176 |
123 |
|
8 |
307 |
Right-of-use assets |
612 |
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|
612 |
102 |
34 |
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|
136 |
Investments accounted for using the equity method |
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0 |
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0 |
Deferred tax assets |
414 |
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|
414 |
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0 |
Other non-current assets |
117 |
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|
29 |
146 |
17 |
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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 |
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Trade and other payables |
324 |
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|
324 |
155 |
3 |
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|
158 |
Income tax liabilities |
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0 |
|
4 |
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|
4 |
Other current provisions |
81 |
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|
81 |
14 |
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|
14 |
Other current liabilities |
247 |
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|
247 |
71 |
22 |
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2 |
95 |
Lease liabilities |
634 |
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|
634 |
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0 |
Provisions and similar obligations |
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0 |
11 |
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|
11 |
Other non-current provisions |
32 |
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|
32 |
1 |
35 |
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|
36 |
Deferred tax liabilities |
39 |
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39 |
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3 |
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|
3 |
Other non-current liabilities |
8 |
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8 |
43 |
85 |
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|
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.