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Consolidated income statement

millions of €

 

 

 

 

 

 

 

Note

2022

2021

2020

Net revenue

 

20

114,197

107,610

99,946

Of which: interest income calculated using the effective interest method

 

 

589

276

278

Other operating income

 

21

4,653

1,300

2,873

Changes in inventories

 

22

26

(8)

(15)

Own capitalized costs

 

23

2,852

2,841

2,752

Goods and services purchased

 

24

(52,926)

(49,418)

(44,370)

Personnel costs

 

25

(19,371)

(18,394)

(18,792)

Other operating expenses

 

26

(6,383)

(4,261)

(4,493)

Impairment losses on financial assets

 

 

(1,235)

(637)

(862)

Gains (losses) from the write-off of financial assets measured at amortized cost

 

 

(24)

(122)

(188)

Other

 

 

(5,124)

(3,502)

(3,443)

EBITDA

 

 

43,049

39,671

37,900

Depreciation, amortization and impairment losses

 

27

(27,635)

(27,091)

(25,534)

Profit (loss) from operations (EBIT)

 

28

15,414

12,580

12,366

Finance costs

 

29

(5,292)

(4,416)

(4,029)

Interest income

 

 

387

611

589

Interest expense

 

 

(5,679)

(5,027)

(4,617)

Share of profit (loss) of associates and joint ventures accounted for using the equity method

 

30

(524)

(102)

(11)

Other financial income (expense)

 

31

1,379

(435)

131

Profit (loss) from financial activities

 

 

(4,437)

(4,953)

(3,908)

Profit (loss) before income taxes

 

 

10,977

7,628

8,458

Income taxes

 

32

(1,937)

(1,732)

(1,858)

Profit (loss) after taxes from continuing operations

 

 

9,039

5,896

6,600

Profit (loss) after taxes from discontinued operation

 

33

443

207

147

Profit (loss)

 

 

9,482

6,103

6,747

Profit (loss) attributable to

 

 

 

 

 

Owners of the parent (net profit (loss))

 

 

8,001

4,176

4,158

Non-controlling interests

 

34

1,481

1,927

2,589

 

 

 

 

 

 

Earnings per share

 

36

 

 

 

Profit (loss) from continuing operations attributable to the owners of the parent (net profit (loss))

 

millions of €

7,558

3,969

4,011

Profit (loss) from discontinued operation attributable to the owners of the parent (net profit (loss))

 

millions of €

443

207

147

Profit (loss) attributable to the owners of the parent (net profit (loss))

 

millions of €

8,001

4,176

4,158

 

 

 

 

 

 

Adjusted weighted average number of ordinary shares outstanding (basic/diluted)

 

millions

4,972

4,813

4,743

 

 

 

 

 

 

Earnings per share from continuing operations (basic/diluted)

 

1.52

0.82

0.85

Earnings per share from discontinued operation (basic/diluted)

 

0.09

0.04

0.03

Earnings per share (basic/diluted)

 

1.61

0.87

0.88

 

 

 

 

 

 

In light of the IFRS Interpretations Committee’s agenda decision published in May 2022 on transactions involving the commercial resale of software, Deutsche Telekom has implemented changes to its accounting practices with respect to the recognition of gross vs. net revenues, effective the start of the third quarter of 2022. Prior-year comparatives were adjusted retrospectively.

As a result of the agreement concluded on July 13, 2022, from the third quarter of 2022, the GD tower companies are recognized in the consolidated financial statements as a discontinued operation. Prior-year comparatives were adjusted retrospectively.