to download Telecom Italia Annual Report 2011 - Company Reporting

Contents
Telecom Italia Group Consolidated Financial Statements
Consolidated Statements of Financial Position _________________________________________ 150
Separate Consolidated Income Statements ____________________________________________ 152
Consolidated Statements of Comprehensive Income ____________________________________ 153
Consolidated Statements of Changes in Equity ________________________________________ 154
Consolidated Statements of Cash Flows _______________________________________________ 155
Note 1 – Form, content and other general information __________________________________ 157
Note 2 – Accounting policies _________________________________________________________ 161
Note 3 – Business combinations ______________________________________________________ 175
Note 4 – Goodwill ___________________________________________________________________ 179
Note 5 – Other intangible assets ______________________________________________________ 184
Note 6 – Tangible assets (owned and under finance leases) _____________________________ 187
Note 7 – Investments accounted for using the equity method ____________________________ 192
Note 8 – Other investments ____________________________________________________________ 194
Note 9 – Financial assets (non-current and current) ________________________________________ 195
Note 10 – Miscellaneous receivables and other non-current assets ___________________________ 197
Note 11 – Income taxes _______________________________________________________________ 198
Note 12 – Inventories _________________________________________________________________ 202
Note 13 – Trade and miscellaneous receivables and other current assets ______________________ 203
Note 14 – Equity _____________________________________________________________________ 205
Note 15 – Financial liabilities (non-current and current) _____________________________________ 210
Note 16 – Net financial debt ___________________________________________________________ 220
Note 17 – Financial risk management ____________________________________________________ 221
Note 18 –Derivatives__________________________________________________________________ 227
Note 19 – Supplementary disclosures on financial instruments _______________________________ 229
Note 20 – Employee benefits ___________________________________________________________ 237
Note 21 – Provisions __________________________________________________________________ 240
Note 22 – Miscellaneous payables and other non-current liabilities ___________________________ 241
Note 23 – Trade and miscellaneous payables and other current liabilities ______________________ 242
Note 24 – Contingent liabilities, other information, commitments and guarantees _______________ 243
Note 25 – Revenues __________________________________________________________________ 252
Note 26 – Other income _______________________________________________________________ 252
Note 27 – Acquisition of goods and services ______________________________________________ 253
Note 28 – Employee benefits expenses __________________________________________________ 254
Note 29 – Other operating expenses _____________________________________________________ 255
Note 30 – Internally generated assets ____________________________________________________ 255
Note 31 – Depreciation and amortization _________________________________________________ 256
Note 32 – Gains (losses) on disposals of non-current assets _________________________________ 257
Note 33 – Impairment reversals (losses) on non-current assets _______________________________ 258
Telecom Italia Group
Consolidated Financial Statements
Contents 148