to download Telecom Italia Annual Report 2011 - Company Reporting

Note 41 – Significant non-recurring events
and transactions
The effect of non-recurring events and transactions on equity, profit, net financial debt and cash flows of
the Telecom Italia Group is set out below in accordance with Consob Communication DEM/6064293 of
July 28, 2006.
The impact of non-recurring events and transactions at December 31, 2011 is as follows:
(millions of euros)
Equity
Profit (loss)
for the year
Accounting
net financial
debt
Cash flows
(*)
Amount – financial statements (a) 26,695 (4,280) 30,819 1,498
Expenses for corporate-related transactions (5) (5) 2 (2)
Sundry expenses (4) (4) 8 (8)
Expenses for mobility under Law 223/91 (9) (9) 123 (123)
Impairment loss on Core Domestic goodwill (7,307) (7,307) - -
Impairment loss on Media goodwill (57) (57)
Net gain on sale of Loquendo 34 34 (53) 53
Net gain on sale of EtecSA (Cuba) 17 17 (411) 411
Other expenses connected with investments (1) (1) 2 (2)
Total impact – (excluding Discontinued operations) (b) (7,332) (7,332) (329) 329
Impact of Discontinued Operations (c) (13) (13) - -
Figurative amount – financial statements (a-b-c) 34,040 3,065 31,148 1,169
(*) Cash flows refer to the increase (decrease) in Cash and cash equivalents during the year.
Telecom Italia Group
Consolidated Financial Statements
Note 41 – Significant non-recurring events and transactions 287