Annual Report 2011 - T-Hrvatski Telekom

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114 Consolidated financial statements In October 2011, HT was informed that HAKOM has submitted two indictments to the Misdemeanour Court against HT because of HT’s alleged breach of its regulatory obligations. HT has not yet officially received these indictments. HAKOM has demanded from the Misdemeanour court to fine HT in the amount of 3% of HT’s annual gross income in each of the two proceedings. On the basis of the results for 2010, 3% of the turnover would amount to HRK 250 million in each of the two proceedings. It can be expected that the Misdemeanour Court will soon deliver these indictments to HT for stating its objections. Denial of ULL access to Amis and Metronet Company. ZHZDG is claiming the ownership of the City of Zagreb over DTI on the area of the City of Zagreb and demanding a payment in the range from HRK 120 to 390 million plus interest. The suit is based on the legal acts adopted by the Administration and Assembly of the City of Zagreb in the years 2006 and 2007 by which DTI has been declared a communal infrastructure owned by the City of Zagreb that are challenged by the Company and the suit was filled. The Company’s attorney is of the firm belief that ZHZDG cannot succeed with its claim if the court decision will be based on the positive legislation of the RoC. In 2009 HT received two lawsuits filed by Metronet Telekomunikacije d.d. Zagreb (hereinafter: Metronet) and Amis Telekom d.o.o. Zagreb against HT. They claim that HT was late in setting up the collocation and providing an access to unbundled local loop and that access to unbundled local loop was conditioned with conclusion of the Contract on lease of DTI contrary to the Standard offer of HT for unbundled local loop. In addition, Metronet requests for the annulment of the Contract on lease of DTI from 22 July 2005. Total claim demanded in Metronet and Amis Telekom lawsuits amount to HRK 37 and 30 million HRK plus interest, retrospectively. Our attorneys in these cases are of a firm belief that they cannot succeed with their claim. b) Ownership claim of Distributive Telecommunication Infrastructure (DTI) by the City of Zagreb With respect to the ducts issue mentioned under Property, plant and equipment (Note 11), on 16 September 2008 the Company received a lawsuit filed by the Zagreb Digital City Ltd. branch of Zagreb Holding Ltd. (hereinafter: ZHZDG) against the As a result, management concluded that no provision is required to be recognized in the consolidated financial statements for this case. 28 Balances and transactions with related parties The transactions disclosed below primarily relate to transactions with the companies owned by Deutsche Telekom AG (DTAG). The Group enters into transactions in the normal course of business on an arm’s length basis. These transactions included the sending and receiving of international traffic to/from these companies during 2011 and 2010. Further, DTAG provided technical assistance to the Group of HRK 10 million (2010: HRK 13 million).
115 The main transactions with related parties during 2011 and 2010 were as follows: Related party: 2011 HRK millions Sales 2010 HRK millions 2011 HRK millions Purchases 2010 HRK millions Consolidated financial statements Immediate parent Deutsche Telekom AG, Germany Joint venture HT Mostar, Bosnia and Herzegovina Subsidiaries of immediate parent Telekom Deutschland, Germany T-Mobile Austria, Austria T-Systems International, Germany Others 21 34 27 10 - 49 26 37 27 13 - 48 48 53 7 5 6 17 58 71 12 9 5 24 Total 141 151 136 179 The statement of financial position includes the following balances resulting from transactions with related parties: Related party: 31 December 2011 HRK millions Receivables 31 December 2010 HRK millions 31 December 2011 HRK millions Payables 31 December 2010 HRK millions Immediate parent Deutsche Telekom AG, Germany Joint venture HT Mostar, Bosnia and Herzegovina Subsidiaries of immediate parent Telekom Deutschland, Germany T-Mobile Austria, Austria Everything Everywhere Ltd., UK T-Systems International, Germany Others 3 - - - - - 2 - - - - - - 6 14 6 44 16 16 - 69 34 20 46 16 1 1 45 Total 5 6 165 163
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Annual Report 2011
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3 Operating Statistics Key operatio
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Content 5 2 3 7 8 10 12 16 21 22 28
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8 Letter To Shareholders Introducti
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10 Corporate Profile Introduction A
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12 Investor Information Economic en
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14 Dividend proposal for the 2011 f
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16 Management Board Introduction Br
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18 Introduction Branka Skaramuča M
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20 Introduction As a result of the
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22 Supervisory's Board Report Intro
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24 Introduction • Cash management
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26 Summary of the work performed Re
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28 Corporate Governance Code Compli
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30 Introduction Currently the Manag
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II. Business review 2011 Croatian T
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35 first 10 months of 2011 against
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Regulatory Environment 37 Croatian
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Group's Strategy 39 T-HT Group Miss
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Organization of the Group 41 T-HT G
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43 Blended ARPU decreased by 11.0%
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45 additional products: naked bitst
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47 Transport Layer DWDM (Dense Wave
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49 Data and IT Security The protect
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51 Corporate Responsibility III. Co
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53 Code of Conduct T-HT’s Code of
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55 Culture Museum of Contemporary A
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57 Full time employees by education
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59 with direct investments into ext
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61 In 2011, Iskon was the official
Page 64 and 65: 64 Group Financial Performance Fina
Page 66 and 67: 66 Financial Review 2011 Terminal e
Page 69 and 70: Consolidated financial statements 3
Page 71 and 72: Independent auditor’s report 71 T
Page 73 and 74: Consolidated statement of financial
Page 75 and 76: Consolidated statement of cash flow
Page 77 and 78: Notes to the consolidated financial
Page 79 and 80: 79 IAS 39 Financial instruments: Re
Page 81 and 82: 81 two types of joint arrangement:
Page 83 and 84: 83 substance of the tax), the Group
Page 85 and 86: 85 Impairment losses relating to go
Page 87 and 88: 87 k) Leases Leases in which a sign
Page 89 and 90: 89 provided that there are no unful
Page 91 and 92: 91 · Statement of comprehensive in
Page 93 and 94: 93 Revenue — by geographical area
Page 95 and 96: 95 7 Other expenses Maintenance ser
Page 97 and 98: 97 The deferred tax asset of the Gr
Page 99 and 100: 99 The intangible assets of the Gro
Page 101 and 102: 101 Included within assets under co
Page 103 and 104: 103 The movement in investments in
Page 105 and 106: 105 14 Available-for-sale financial
Page 107 and 108: 107 At 1 January Charge for the yea
Page 109 and 110: 109 At 1 January Service costs reco
Page 111 and 112: 111 23 Legal reserves Legal reserve
Page 113: 113 27 Contingencies At the time of
Page 117 and 118: 117 29 Financial risk management ob
Page 119 and 120: 119 Year ended 31 December 2011 Cro
Page 121 and 122: 121 electronic communications netwo
Page 123 and 124: 123 the achievement of two share va
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Page 127 and 128: 127 FINANCING 75 Pojmovnik FRAME RE
Page 129: 129 SUPERVISORY BOARD 7, 9, 14, 18,
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Annual Report 2011 - T-Hrvatski Telekom

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