to download Telecom Italia Annual Report 2011 - Company Reporting

Consolidated financial position performance
Financial position structure
(millions of euros) 2011 2010 Change
(a) (b) (a-b)
Assets
Non-current assets 64,043 68,717 (4,674)
Goodwill 34,627 40,013 (5,386)
Other intangible assets 4,865 3,970 895
Tangible assets 10,817 11,401 (584)
Other non-current assets 12,852 12,415 437
Deferred tax assets 882 918 (36)
Current assets 8,110 9,909 (1,799)
Inventories, Trade and miscellaneous receivables and other current
assets 5,172 5,385 (213)
Current income tax receivables - - -
Current financial assets 2,938 4,524 (1,586)
Equity and liabilities
72,153 78,626 (6,473)
Equity 20,537 25,564 (5,027)
Non-current liabilities 36,736 39,283 (2,547)
Current liabilities 14,880 13,779 1,101
72,153 78,626 (6,473)
Non-current assets
• Goodwill: decreased 5,386 million euros, of which 5,376 million euros refers to the above goodwill
impairment charge of Telecom Italia S.p.A. and 10 million euros to the sale of Loquendo in
September 2011;
• Other intangible assets: increased 895 million euros being the balance of the following:
– additions (+2,350 million euros),
– amortization charge for the year (-1,466 million euros),
– capitalization of borrowing costs (+12 million euros),
– disposals, reclassifications and other movements (-1 million euros).
• Tangible assets: decreased 584 million euros being the balance of the following:
– additions (+1,771 million euros),
– depreciation charge for the period (-2,327 million euros),
– disposals, reclassifications and other movements (-28 million euros).
Report on Operations Review of Operating and Financial Performance – Telecom Italia S.p.A. 84