FINANCIAL STATEMENTS - KPN

Consolidated Financial Statements
Notes to the Consolidated Statement of Financial Position continued
[18] Non-current assets, liabilities and disposal groups held for sale
Liabilities directly
associated with
Amounts in millions of EUR
Non-current assets and
disposal groups classified
as held for sale
non-current assets
and disposal groups
classified as held for sale
Balance as of January 1, 2011 57 16
Additions 218 192
Impairments -1 –
Disposal -50 -16
Balance as of December 31, 2011 224 192
Additions 13 5
Exchange rate difference 4 3
Disposal -188 -168
Transfer -25 -26
Balance as of December 31, 2012 28 6
The assets and the related liabilities of the above-mentioned businesses classified as held for sale at December 31 are specified as follows:
Amounts in millions of EUR 2012 2011
Intangible assets (including goodwill) 4 –
Property, plant and equipment 9 10
Current assets 15 214
Total assets held for sale 28 224
Provisions – 20
Current liabilities 6 172
Total liabilities held for sale 6 192
In September 2012, KPN classified its investment in the Multiconnect business in Germany with a net book value of EUR 9 million as held for sale.
In November 2011, KPN classified a part of the business in Germany with a net book value of EUR 18 million as held for sale. The disposal group
remained held for sale as at December 31, 2011 and was subsequently sold in June 2012, refer to Note 2.
In December 2011, KPN classified an international part of Corporate Market business with a net book value of EUR 4 million as held for sale.
The measurement of the assets and liabilities, at the lower of carrying amount and fair value less cost to sell, resulted in a loss of EUR 30 million.
The disposal group remained held for sale as at December 31, 2011 and was subsequently sold in May 2012, refer to Note 2.
In December 2011, KPN sold and leased back a number of mobile towers. The first tranche had been completed in December 2011. The second
tranche contained the mobile towers with a book value of EUR 5 million was classified as held for sale. The disposal group remained held for
sale as at December 31, 2011 and was subsequently sold in January 2012, refer to Note 2.
[19] Equity attributable to equity holders
For a breakdown of Equity attributable to equity holders, reference is made to the Consolidated Statement of Changes in Group Equity. Total
distributable reserves at December 31, 2012, amount to EUR 1,762 million (2011: EUR 2,228 million). For further details of the non-distributable
reserves, reference is made to the Corporate Financial Statements.
Share capital
KPN’s authorized capital stock totals EUR 1,440,000,000 divided into 3 billion ordinary shares of EUR 0.24 each and 3 billion Class B preferred
shares of EUR 0.24 each. As of December 31, 2012, a total of 1,431,522,482 ordinary shares were outstanding and fully paid-in. Dutch laws prohibit
KPN to cast a vote on shares KPN holds. The ordinary shares and Class B preferred shares carry the right to cast one vote each. For a description
of the preferred shares, please see ‘The Foundation Preference Shares B KPN’ hereafter. The ordinary shares are registered or payable to bearer.
Shareholders may request the Company to convert their registered shares to bearer shares but not vice versa.
Share premium
The additional paid-in capital is exempt from Dutch tax up to an amount of EUR 7,416 million (2011: EUR 7,416 million).
Other reserves
On page 121 is a detailed overview of the movements in the number of treasury shares and other reserves:
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KPN | Annual Report 2012