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Gross disposals were recorded in Industrial patents and intellectual property rights for the elimination or rewriting of software for applications or plant operation for 1,720,561 thousand euros. Other classes comprise gross disposals recorded in Other intangible assets for 174,384 thousand euros for completely amortized subscriber acquisition costs and also gross disposals posted in Concessions, licenses, trademarks and similar rights for 440 thousand euros. In this regard, in December 2011, certain trademarks and patents (for net disposal amounts, respectively, of 236 thousand euros and 1,162 thousand euros) were contributed to the subsidiary Olivetti S.p.A., which had already previously used them, in exchange for a capital increase of 16,190 thousand euros, supported by a specific appraisal, with recognition of a net gain of 14,792 thousand euros. Telecom Italia S.p.A. Separate Financial Statements Note 4 – Intangible assets with a finite useful life 330
Note 5 – Tangible assets (owned and under finance leases) Property, plant and equipment owned Property, plant and equipment owned decreased 497,510 thousand euros compared to December 31, 2010. The composition and movements during the year are as follows: (thousands of euros) 12/31/2009 Contribution of business to SSC Additions Depreciation (*) Impairment (losses)/ reversals Disposals Other changes 12/31/2010 Land 121,685 - 20 - - (100) (63) 121,542 Buildings (civil and industrial) 403,298 - 2,694 (39,493) - (2,183) 39,808 404,124 Plant and equipment 9,499,147 - 1,316,774 (2,214,861) - (8,795) 195,683 8,787,948 Manufacturing and distribution equipment 27,617 - 6,103 (10,796) - 2,379 25,303 Other 341,887 (13,964) 67,682 (137,156) - (138) 45,567 303,878 Construction in progress and advance payments 490,545 - 335,328 - (4,044) (1,173) (239,787) 580,869 Total 10,884,179 (13,964) 1,728,601 (2,402,306) (4,044) (12,389) 43,587 10,223,664 (*) The depreciation charge does not take into account the adjustments to the Provision for restoration costs for a total amount of 7,642 thousand euros (thousands of euros) 12/31/2010 Additions Depreciation (*) Impairment (losses)/ reversals Disposals Other changes 12/31/2011 Land 121,542 22 - - (314) (1,987) 119,263 Buildings (civil and industrial) 404,124 3,229 (41,253) - (247) 17,986 383,839 Plant and equipment 8,787,948 1,374,106 (2,036,027) - (23,494) 340,234 8,442,767 Manufacturing and distribution equipment 25,303 3,396 (11,568) - (105) 8,668 25,694 Other 303,878 80,120 (123,217) - (314) 38,090 298,557 Construction in progress and advance payments 580,869 269,917 - (3,650) (2,656) (388,446) 456,034 Total 10,223,664 1,730,790 (2,212,065) (3,650) (27,130) 14,545 9,726,154 (*) The depreciation charge does not take into account the adjustments to the Provision for restoration costs for a total amount of 240 thousand euros Land includes both built-up land (with buildings or light constructions) and other land (on which various building works stand that are not recorded in the cadastre, such as pylons, building podia, etc.) In this regard, land, including land pertaining to buildings, is not depreciated. The amount has remained basically unchanged compared to December 31, 2010 (-2,279 thousand euros). Buildings (civil and industrial) almost exclusively include buildings for industrial use hosting telephone exchanges or for office use and light constructions (referring to constructions built with light structures and walls). This line item also includes some civil buildings (that is, registered as residences), for a marginal amount of 1,033 thousand euros. Changes during the year refer to the reclassification of buildings under finance leases to owned buildings for a building that was purchased at the end of the finance lease in 2011 for 12,095 thousand euros. Telecom Italia S.p.A. Separate Financial Statements Note 5 – Tangible assets (owned and under finance leases) 331
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Annual Report 2011 Relazione interm
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Statements of Comprehensive Income
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Letter to the Shareholders To the S
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Key Operating and Financial Data -
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The trend of the key operating and
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Liquidity margin: at December 31, 2
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Consolidated Operating and Financia
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Review of Operating and Financial P
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The fixed-line area, with a contrac
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- lower expenses of 246 million eur
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Business Unit (-329 million euros)
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Income tax expense Income tax expen
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eflect the definitive fair value of
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Capital expenditures on an accrual
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Finance expenses, income taxes and
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The financial risk management polic
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On August 3, 2011, a bilateral stan
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Research and Development As for “
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Consolidated Financial Statements -
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Consolidated Statements of Financia
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Consolidated Statements of Cash Flo
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Highlights - The Business Units of
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The Business Units of the Telecom I
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International Wholesale (millions o
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compared to the same period of 2010
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In detail: (millions of euros) 2011
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Cubomusica GRATIS per 1 anno. Durin
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In particular, for the unbundling c
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International roaming On July 6, 20
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For the telecommunications operator
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Brazil The Telecom Italia Group ope
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EBIT EBIT is 2,294 million reais, i
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Argentina The Telecom Italia Group
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Mobile telephony service: Telecom P
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Again with regard to value-added se
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Revenues Revenues amount to 238 mil
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Principal changes in the regulatory
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• it erroneously attributed the m
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European sales recorded a good tren
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Review of Operating and Financial P
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The reduction of 483 million euros
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(162 million euros, on the basis of
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Equity Equity amounts to 20,537 mil
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Dividends flow Dividends paid amoun
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Bonds Bonds at December 31, 2011 to
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Financial Statements - Telecom Ital
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Statements of Financial Position (m
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Additional Cash Flow Information (m
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Corporate Boards at December 31, 20
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Macro-Organization Group at Decembe
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other sources of information, the p
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Relative performance by Tim Partici
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Related Party Transactions In accor
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the Dow Jones Sustainability World
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Economic value generated and distri
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Type of customer care customer Over
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Involvement initiatives For the fif
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Vehicles Telecom Italia S.p.A. 2011
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• cogeneration/trigeneration: 5 l
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• an increase in emissions attrib
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channels have been registered as "D
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• Network and service platform in
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• E-learning and evolved teaching
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Tim Brasil Group (units) 12.31.2011
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Development The 2010 Group performa
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Internal communication The main act
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introduced on this subject. The agr
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On August 2, 2011 the second phase
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The Risk Management department mana
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Net financial debt is calculated as
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Bundle. Commercial offer including
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HFC (Hydrofluorocarbons). Hydrofluo
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Shared Access. Methods of shared ac
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Consolidated Financial Statements a
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Note 34 - Other income (expenses) f
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Equity and Liabilities (millions of
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Consolidated Statements of Comprehe
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Consolidated Statements of Cash Flo
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Note 1 - Form, content and other ge
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• Argentina: includes fixed (Tele
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Note 2 - Accounting policies Going
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case of loss of control of a subsid
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Impairment of intangible and tangib
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• held to maturity (originally mo
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Inventories Inventories are measure
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Revenues are recognized to the exte
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Use of estimates The preparation of
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Note 3 - Business combinations Acqu
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Acquisition of control of Sofora Te
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Note 4 - Goodwill Goodwill shows th
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Core Domestic International Wholesa
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Changes in key variables needed to
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Concessions, licenses, trademarks a
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Note 6 - Tangible assets (owned and
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Gross carrying amount, accumulated
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Gross carrying amount, accumulated
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Aggregate data for 2011 and 2010, p
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Note 9 - Financial assets (non-curr
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Note 10 - Miscellaneous receivables
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The temporary differences which mak
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In addition to this effect, the inc
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Note 13 - Trade and miscellaneous r
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Note 14 - Equity Equity includes: (
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• the reduction of share capital
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• to mandate the board of directo
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Gross financial debt according to t
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The following table lists the bonds
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Nortel Inversora S.A. Preferred Ser
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Such obligation, required by nation
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Revolving Credit Facility The follo
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Note 17 - Financial risk management
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of market parameters, even though t
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In order to limit the risk of the n
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Note 18 -Derivatives Derivative fin
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Note 19 - Supplementary disclosures
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Comparison between carrying amount
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Carrying amount for each class of f
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Fair value hierarchy level for each
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Note 20 - Employee benefits Employe
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The effect on the income statement,
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Note 22 - Miscellaneous payables an
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Note 24 - Contingent liabilities, o
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On December 16, 2011 Telecom Italia
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In a judgement on November 2, 2011,
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Greece -DELAN During 2009, the comp
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c) Commitments and guarantees Guara
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Note 27 - Acquisition of goods and
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Note 29 - Other operating expenses
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Note 32 - Gains (losses) on disposa
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Note 34 - Other income (expenses) f
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Finance expenses Finance expenses d
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Note 36 - Profit (loss) for the yea
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Future potential changes in share c
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Note 38 - Segment reporting a) Repo
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Headcount by Operating Segment (num
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The effects on the individual line
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Transactions with associates and jo
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Transactions with companies control
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Transactions with other related par
Page 279 and 280: (millions of euros) 12/31/2011 12/3
Page 281 and 282: In the 2011, the contributions paid
Page 283 and 284: Description of other Telecom Italia
Page 285 and 286: Calculation of fair value measureme
Page 287 and 288: Note 41 - Significant non-recurring
Page 289 and 290: Note 42 - Positions or transactions
Page 291 and 292: c) Operating leases Revenue related
Page 293 and 294: Note 44 - Events subsequent to Dece
Page 295 and 296: Name Head office Currency Share cap
Page 297 and 298: Name Head office Currency Share cap
Page 299 and 300: Certification of the Consolidated F
Page 301 and 302: Consolidated Financial Statements T
Page 303 and 304: Contents Telecom Italia S.p.A. Sepa
Page 305 and 306: Statements of Financial Position As
Page 307 and 308: Separate Income Statements (euros)
Page 309 and 310: Statements of Changes in Equity Sta
Page 311 and 312: Additional Cash Flow Information (t
Page 313 and 314: Profit (loss) before tax from conti
Page 315 and 316: • the capitalized costs can be me
Page 317 and 318: Intangible and tangible assets with
Page 319 and 320: Financial liabilities hedged by der
Page 321 and 322: Starting from January 1, 2007, Ital
Page 323 and 324: Finance income and expenses Finance
Page 325 and 326: • IFRIC 19 (Extinguishing Financi
Page 327 and 328: The cost of capital used for the es
Page 329: Type of license The net carrying am
Page 333 and 334: 12/31/2010 Accumulated impairment l
Page 335 and 336: Note 6 - Investments Investments de
Page 337 and 338: (thousands of euros) Carrying amoun
Page 339 and 340: 5,620 thousand euros for receivable
Page 341 and 342: Note 8 - Miscellaneous receivables
Page 343 and 344: The temporary differences which mak
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Page 347 and 348: Trade receivables amount to 4,162,0
Page 349 and 350: Note 12 - Equity Equity is composed
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Page 357 and 358: Note 13 - Financial liabilities (no
Page 359 and 360: The main components of financial li
Page 361 and 362: elating to items classified as curr
Page 363 and 364: • the loan contract signed by Tel
Page 365 and 366: Note 14 - Net financial debt As req
Page 367 and 368: Total Financial liabilities (at the
Page 369 and 370: Financial liabilities - Maturities
Page 371 and 372: Currency of denomination Notional a
Page 373 and 374: Carrying amount for each class of f
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Page 377 and 378: Comparison between carrying amount
Page 379 and 380: Gains and losses by IAS 39 category
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Under IAS 19, employee severance in
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Note 19 - Provisions Provisions dec
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Note 21 - Trade and miscellaneous p
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Note 22 - Contingent liabilities, o
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outcome is considered probable. As
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Federazione Anti Pirateria Audiovis
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offers, contractual profile changes
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Note 23 - Revenues Revenues decreas
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Note 26 - Employee benefits expense
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Note 30 - Depreciation and amortiza
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Note 34 - Finance income and Financ
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Note 35 - Related party transaction
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STATEMENT OF FINANCIAL POSITION LIN
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Transactions with subsidiaries The
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Total income (expenses) from invest
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(thousands of euros) 12/31/2011 12/
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STATEMENT OF CASH FLOWS LINE ITEMS
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Remuneration to key managers In 201
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The beneficiaries were identified i
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Parameters used to determine fair v
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Note 37 - Significant non-recurring
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Expense related Telecom Italia has
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Note 41 - List of investments in su
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Certification of the Separate Finan
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Telecom Italia S.p.A. Separate Fina
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Report of the Board of Statutory Au
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The Board of Auditors has overseen
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amendments Agreed procedures and de
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PricewaterhouseCoopers S.p.A. commu
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On 7 July 2011, after the alignment
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met the Chairman of the Conselho Fi
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Regarding the provisions of article
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18. No significant facts that shoul
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non-compliances imputable to the ex
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corporate bodies, and in particular
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amount equal to 2% of the par value
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curricula vitae are attached) as Di
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at least twenty-five days before th
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Authorization to increase share cap
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and this is confirmed in a report p
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5.6 - For five years starting from
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Proposed Resolution The Shareholder
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9.8 - In appointing directors who f
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only one slate. 17.10 - The Board o
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17.17 - At the first renewal of the
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