to download Telecom Italia Annual Report 2011 - Company Reporting

Note 38 – Segment reporting
a) Reporting by operating segment
Segment reporting is based on the following operating segments:
Domestic
Brazil
Argentina
Media
Olivetti
• Other Operations
Separate Consolidated Income Statements by Operating Segment
(millions of euros)
Domestic Brazil Argentina Media Olivetti
Other
Operations
Adjustments
and
eliminations
Consolidated total
2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010
Third-party revenues 18,945 20,004 7,319 6,180 3,214 796 220 236 259 293 - 62 - - 29,957 27,571
Intragroup revenues 87 64 24 19 6 2 18 22 84 98 2 2 (221) (207) - -
Revenues by operating
segment 19,032 20,068 7,343 6,199 3,220 798 238 258 343 391 2 64 (221) (207) 29,957 27,571
Other income 248 211 25 18 6 2 26 5 18 25 2 3 (26) (9) 299 255
Total operating revenues and
other income 19,280 20,279 7,368 6,217 3,226 800 264 263 361 416 4 67 (247) (216) 30,256 27,826
Acquisition of goods and
services (6,766) (7,130) (4,399) (3,520) (1,398) (347) (167) (171) (329) (368) (7) (49) 207 202 (12,859) (11,383)
Employee benefits expenses (2,987) (3,473) (321) (283) (478) (114) (61) (61) (67) (72) (4) (21) 1 3 (3,917) (4,021)
of which: accruals to employee
severance indemnities 73 (40) - - - - 1 - 1 - - - - - 75 (40)
Other operating expenses (778) (709) (747) (588) (332) (83) (8) (17) (10) (7) (8) (17) 24 (1) (1,859) (1,422)
of which: writedowns and
expenses in connection with
credit management and
provision charges (447) (370) (160) (151) (46) (9) (4) (13) (8) (6) - (9) 4 - (661) (558)
Changes in inventories 10 (57) 19 (76) 17 (11) - (1) 10 12 - (1) - (1) 56 (135)
Internally generated assets 484 483 70 51 - - - - - - - - 15 13 569 547
EBITDA 9,243 9,393 1,990 1,801 1,035 245 28 13 (35) (19) (15) (21) - - 12,246 11,412
Depreciation and amortization (3,907) (4,236) (1,003) (1,112) (525) (135) (58) (59) (6) (5) - (10) 5 15 (5,494) (5,542)
Gains (losses) on disposals of
non-current assets 19 14 (1) (4) (1) - - - - - 1 1 (15) - 3 11
Impairment reversals (losses)
on non-current assets (7,300) (9) - - - - (57) (46) - - (1) (8) - - (7,358) (63)
EBIT (1,945) 5,162 986 685 509 110 (87) (92) (41) (24) (15) (38) (10) 15 (603) 5,818
Share of profits (losses) of
associates and joint ventures
accounted for using the equity
method (2) (18) - - - - - - - - (37) 117 - - (39) 99
Other income (expenses) from investments 16 289
Finance income 2,464 3,081
Finance expenses (4,462) (5,155)
Profit (loss) before tax from continuing operations (2,624) 4,132
Income tax expense (1,643) (550)
Profit (loss) from continuing operations (4,267) 3,582
Profit (loss) from Discontinued operations/ Non-current assets held for sale (13) (7)
Profit (loss) for the year (4,280) 3,575
Attributable to:
• Owners of the Parent (4,726) 3,121
Non-controlling interests 446 454
Telecom Italia Group
Consolidated Financial Statements
Note 38 – Segment reporting 267