to download Telecom Italia Annual Report 2011 - Company Reporting

12/31/2010
Accumulated
impairment
losses
(thousands of euros)
Gross carrying
amount
Accumulated
depreciation
Net carrying
amount
Land 122,307 (765) - 121,542
Buildings (civil and industrial) 1,228,936 (1,296) (823,516) 404,124
Plant and equipment 55,196,466 (4,930) (46,403,588) 8,787,948
Manufacturing and distribution equipment 246,933 - (221,630) 25,303
Other 2,405,753 (2,184) (2,099,691) 303,878
Construction in progress and advance payments 581,733 (864) - 580,869
Total 59,782,128 (10,039) (49,548,425) 10,223,664
The disposals recorded in 2011 for a gross amount of 1,131,276 thousand euros mainly regarded fully
depreciated assets mostly in the plant and equipment class (932,203 thousand euros).
The disposals generated losses of 25,630 thousand euros and gains of 2,483 thousand euros recorded
in the separate income statement. In particular, the losses for the year refer to retirements of tangible
assets mainly on account of the reconfiguration of the mobile network sites (11,279 thousand euros),
mobile network plant obsolescence (6,318 thousand euros) and completed and abandoned sites
(4,703 thousand euro).
In 2011, accumulated impairment losses decreased 237 thousand euros due to the disposal of land
written down.
Assets held under finance leases
Assets held under finance leases decreased 86,411 thousand euros compared to December 31, 2010.
Details on the composition and movements are as follows:
(thousands of euros) 12/31/2009 Additions Depreciation (Impairment
losses)/
reversals
Disposals
Other
changes
12/31/2010
Buildings (civil and
industrial) 1,245,354 19,248 (109,781) - (3,399) (26,742) 1,124,680
Plant and equipment - - - - - - -
Other 6,607 9,972 (6,197) - - 601 10,983
Construction in progress
and advance payments 42,859 30,016 - - - (31,275) 41,600
Total 1,294,820 59,236 (115,978) - (3,399) (57,416) 1,177,263
(thousands of euros) 12/31/2010 Additions Depreciation (Impairment
losses)/
reversals
Disposals
Other
changes
12/31/2011
Buildings (civil and
industrial) 1,124,680 23,134 (110,133) - (58) 3,943 1,041,566
Plant and equipment - - - - - - -
Other 10,983 7,296 (4,565) - - - 13,714
Construction in progress
and advance payments 41,600 10,009 - - - (16,037) 35,572
Total 1,177,263 40,439 (114,698) - (58) (12,094) 1,090,852
Other changes refer to the above-noted 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) 333