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

TDC Group Annual Report 2011
Note 8 Depreciation, amortisation and impairment losses DKKm
2011 2010
Depreciation (2,703) (2,660)
Amortisation (2,471) (2,603)
Impairment losses (53) (93)
Total (5,227) (5,356)
The decline in Depreciation, amortisation and impairment losses from 2010 to 2011 reflected primarily lower amortisation of
the value of customer relationships according to the diminishing balance method.
Note 9 Special items DKKm
2011 2010
Gain from divestments of enterprises and property 88 31
Loss from divestments of enterprises and property (4) (69)
Impairment losses 4 (50)
Loss from rulings (58) (85)
Costs related to redundancy programmes and surplus office capacity (664) (705)
Other restructuring costs, etc. (221) (467)
Costs related to acquisition of enterprises (13) (2)
Adjustment of purchase price of enterprises 4 0
Special items before income taxes (864) (1,347)
Income taxes related to special items 179 253
Special items after income taxes (685) (1,094)
In 2011, Other restructuring cost, etc. included accelerated amortisation of borrowing costs (DKK 106m). Gain from
divestments of enterprises and property comprised primarily the divestment of shares in Nawras. Loss from rulings
comprised a provision relating to a Swedish court ruling in a dispute over interconnect fees.
In 2010, Other restructuring costs, etc. included costs related to a one-time grant to all employees of TDC shares (DKK 145m)
and accelerated amortisation of borrowing costs (DKK 106m) due to the refinancing of TDC's Senior Loans in early 2011. Loss
from rulings related to a Swedish court ruling in a dispute over interconnect fees 1 . Loss from divestments of enterprises and
property comprised primarily the divestment of holiday cottages.
1 This dispute is not identical with the dispute which resulted in a provision in 2011.
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