TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

Recommendations

Info

Note 4 Segment reporting For a description of reportable segments and the types of products and services from which each reportable segment derives its revenue, see 'Business lines’. In 2011, Wholesale became a separate business unit. Wholesale provides external operators with access to TDC’s network. Previously, Wholesale was part of the Operations & Wholesale business unit. As a consequence, Wholesale is now a separate reportable segment and Operations is now part of Operations & HQ (Headquarters). In addition, a reallocation of SoHo customers between Consumer and Business has been carried out. Comparative figures for 2010 have been restated accordingly. Domestic mobile and landline networks are based in Operations & HQ. Operating expenses in Operations & HQ related to Consumer’s, Business' and Wholesale’s use of the network infrastructure in Operations & HQ are allocated to the respective segments based on a unit cost. The calculations of the unit cost are based on network costs from the previous year in Operations & HQ. The costs are allocated to Consumer, Business and Wholesale based on their expected proportionate use of the network. The cost allocation for Consumer's, Business' and Wholesale’s use of networks does not include relevant depreciation or cost of tied-up capital and is therefore not comparable with the prices that Wholesale charges wholesale customers. Capital expenditure related to the domestic mobile and landline networks is not allocated to Consumer, Business and Wholesale. Interconnect payments and income concerning TDC customers are allocated to the relevant segments. TDC Group Annual Report 2011 IT services from Operations & HQ to Consumer, Business and Wholesale are allocated with a fixed fee based on the expected share of total resources allocated to each business line. The cost is allocated using a range of different allocation formulas. Facility management services are allocated with a variable fee based on the use of square metres for the locations (e.g. shops, administrative locations, basements and technical buildings). Invoicing services are allocated with a variable fee based on the actual usage (e.g. mailing and direct debit). The basis for the allocation of remaining services, such as cars, supply chain management and sourcing varies between fixed and variable fees. Operations & HQ’s supply of staff-function services, i.e. HR, legal, finance, etc., is not allocated to other segments. Cost allocations from Operations & HQ to other segments are recognised as 'Operating expenses allocated to other business lines' in Operations & HQ and as 'Operating expenses' in the other segments. The coaxial-cable network including related operating expenses and capital expenditure is based in YouSee. YouSee’s use of the landline network and other services from Operations & HQ is invoiced on an arm’s length basis and accounted for as revenue in Operations & HQ and as Operating expenses in YouSee. Operations & HQ has assumed all pension obligations for the members of the Danish pension fund. Accordingly, net periodic pension cost/income and the plan assets for the Danish pension fund are related to Operations & HQ. Segments employing members pay contributions to Operations & HQ, and these contributions are included in the operating expenses of the respective segments. 116
TDC Group Annual Report 2011 Activities DKKm Consumer Business Nordic 2011 2010 2011 2010 2011 2010 External revenue 8,853 8,920 7,335 7,574 4,240 3,829 Revenue across segments 171 210 182 230 247 258 Revenue 9,024 9,130 7,517 7,804 4,487 4,087 Total operating expenses excl. depreciation, etc. (5,341) (5,270) (3,614) (3,983) (3,851) (3,527) Other income and expenses 1 4 0 0 13 4 EBITDA 3,684 3,864 3,903 3,821 649 564 Wholesale YouSee Operations & HQ 2011 2010 2011 2010 2011 2010 External revenue 1,726 1,898 4,062 3,822 88 124 Revenue across segments 427 336 197 190 199 199 Revenue 2,153 2,234 4,259 4,012 287 323 Total operating expenses excl. depreciation, etc. (1,123) (1,239) (2,741) (2,660) (317) (355) Other income and expenses 1 0 3 1 174 193 EBITDA 1,031 995 1,521 1,353 144 161 Total 2011 2010 External revenue 26,304 26,167 Revenue across segments 1,423 1,423 Revenue 27,727 27,590 Total operating expenses excl. depreciation, etc. (16,987) (17,034) Other income and expenses 192 202 EBITDA 10,932 10,758 Reconciliation of revenue DKKm 2011 2010 Revenue from reportable segments 27,727 27,590 Elimination of revenue across segment items (1,423) (1,423) Consolidated external revenue 26,304 26,167 Reconciliation of Profit before depreciation, amortisation and special items (EBITDA) DKKm 2011 2010 EBITDA from reportable segments 10,932 10,758 Elimination of EBITDA Unallocated: 8 14 Depreciation, amortisation and impairment losses (5,227) (5,356) Special items (864) (1,347) Profit from associates and joint ventures (25) 13 Net financials (880) (1,496) Consolidated profit before income taxes 3,944 2,586 117
Page 1 and 2:
2011 Group Annual Report
Page 3 and 4:
TDC Group Annual Report 2011 Accomp
Page 5 and 6:
While our business is less impacted
Page 7 and 8:
Revenue The TDC Group’s revenue i
Page 9 and 10:
Profit for the year Profit for the
Page 11:
Guidance 2011 TDC published financi
Page 14 and 15:
TDC during 130 years TDC turns 130
Page 16 and 17:
Internet The four regional telephon
Page 18 and 19:
TDC Group Annual Report 2011 “The
Page 20 and 21:
TDC today Profile TDC is the leadin
Page 22 and 23:
Product lines In a rapidly changing
Page 24 and 25:
Innovations in TDC in 2011 TDC is a
Page 26 and 27:
TDC’s mission, vision and values
Page 28 and 29:
Strategy 2012 Customer satisfaction
Page 30 and 31:
TDC Group Annual Report 2011 30
Page 32 and 33:
TDC’s homedisk stores 320,000 GB
Page 34 and 35:
Consumer 2011 at a glance • Consu
Page 36 and 37:
To an increasing extent, customers
Page 38 and 39:
Performance in 2011 Revenue The bus
Page 40 and 41:
Business partners & colleagues Cope
Page 42 and 43:
Nordic 2011 at a glance • Solid r
Page 44 and 45:
Gross profit The gross profit growt
Page 46 and 47:
Performance in 2011 Revenue Wholesa
Page 48 and 49:
YouSee 2011 at a glance • Strong
Page 50 and 51:
Gross profit YouSee’s gross profi
Page 52 and 53:
Performance in 2011 In 2011, Operat
Page 54 and 55:
In 2011, TDC showed its ability to
Page 56 and 57:
Shareholder information Policy TDC
Page 58 and 59:
Share price In a challenging market
Page 60 and 61:
TDC has 2,550 3G sites in Denmark,
Page 62 and 63:
Regulation Overview The summary bel
Page 64 and 65:
Risk factors TDC is faced with both
Page 66 and 67: Risk Description and impact Mitigat
Page 68 and 69: Corporate Social Responsibility 201
Page 70 and 71: Corporate Social Responsibility The
Page 72 and 73: of life of the individual patients
Page 74 and 75: At TDC, we continued to increase th
Page 76 and 77: Red Cross for vulnerable population
Page 78 and 79: YouSee and TDC in combination deliv
Page 80 and 81: Corporate Governance Recommendation
Page 82 and 83: Management Corporate Management Tea
Page 84 and 85: Board of Directors Vagn Sørensen C
Page 86 and 87: Jan Bardino Age 59. Elected by the
Page 88 and 89: Coax refers to a technology based o
Page 90 and 91: data, which may vary in accuracy. A
Page 92 and 93: Financial Statements 2011
Page 94 and 95: Financial Statements Financial Stat
Page 96 and 97: Management Statement TDC Group Annu
Page 98 and 99: TDC Group Annual Report 2011 Consol
Page 100 and 101: TDC Group Annual Report 2011 Assets
Page 102 and 103: TDC Group Annual Report 2011 Consol
Page 104 and 105: Notes to Consolidated Financial Sta
Page 106 and 107: interests is recognised in equity.
Page 108 and 109: Special items Special items include
Page 110 and 111: account exceeding the amount capita
Page 112 and 113: Assets or disposal groups classifie
Page 114 and 115: Note 3 New accounting standards At
Page 118 and 119: TDC Group Annual Report 2011 Geogra
Page 120 and 121: TDC Group Annual Report 2011 Remune
Page 122 and 123: TDC Group Annual Report 2011 Deferr
Page 124 and 125: TDC Group Annual Report 2011 Note 8
Page 126 and 127: TDC Group Annual Report 2011 Net fi
Page 128 and 129: Reconciliation of effective tax rat
Page 132 and 133: TDC Group Annual Report 2011 is bas
Page 134 and 135: Land and buildings Telecommun icati
Page 138 and 139: TDC Group Annual Report 2011 Treasu
Page 142 and 143: TDC Group Annual Report 2011 Net in
Page 144 and 145: Maturity profiles 1 Financial asset
Page 146 and 147: exceed 25% in year two, 30% in year
Page 148 and 149: Financial transactions are only ent
Page 150 and 151: Other risks of capital contribution
Page 152 and 153: TDC Group Annual Report 2011 Sensit
Page 154 and 155: C: Pensions for former Danish civil
Page 156 and 157: TDC Group Annual Report 2011 Assets
Page 158 and 159: Note 35 Overview of Group companies
Page 162 and 163: Note 39 Research and development co
Page 164 and 165: Five year overview TDC Group Annual
Page 166:
Cover photo: NW Copenhagen Translat
show all

TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?