33 Profit/loss after taxes from discontinued operation
The following table provides a breakdown of profit/loss after taxes from the discontinued operation:
millions of € |
|
|
|
|---|---|---|---|
|
2022 |
2021 |
2020 |
Net revenue |
216 |
201 |
192 |
Other operating income |
20 |
(1) |
6 |
Changes in inventories |
9 |
1 |
0 |
Own capitalized costs |
25 |
27 |
22 |
Goods and services purchased |
756 |
718 |
556 |
Personnel costs |
(75) |
(69) |
(61) |
Other operating expenses |
(14) |
(10) |
17 |
EBITDA |
937 |
868 |
733 |
Depreciation, amortization and impairment losses |
(192) |
(391) |
(295) |
Profit (loss) from operations (EBIT) |
745 |
477 |
438 |
Finance costs |
(42) |
(185) |
(196) |
Share of profit (loss) of associates and joint ventures accounted for using the equity method |
2 |
0 |
(2) |
Other financial income (expense) |
21 |
(2) |
(22) |
Profit (loss) from financial activities |
(18) |
(186) |
(220) |
Profit (loss) before income taxes |
727 |
290 |
218 |
Income taxes |
(284) |
(83) |
(72) |
Profit (loss) after taxes from discontinued operation |
443 |
207 |
147 |
Value contributions by GD tower companies are presented separately in the income statement of the discontinued operation. Since Deutsche Telekom will continue to use the sold, passive network infrastructure after consummation of the transaction, the intragroup elimination of income and expenses between the discontinued operation and continuing operations are disclosed at the level of the discontinued operation. So, for example, goods and services purchased include eliminations of intragroup onward charging of purchased services of GD tower companies mainly to Telekom Deutschland GmbH. In this way, the net effect is that internal cost allocations are no longer included in Deutsche Telekom’s consolidated financial statements. Due to continuing contractual relationships, the corresponding expenses for purchased services will continue to be incurred after the sale of the GD tower companies.
Depreciation and amortization were suspended for the GD tower companies, which have been held for sale since July 13, 2022 in accordance with IFRS 5.
For further information on the discontinued operation, please refer to the section “Changes in the composition of the Group and other transactions.”