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

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Land and buildings Telecommun ications installations Other installations 2010 Installation materials TDC Group Annual Report 2011 Property, plant and equipment under construction Total Accumulated cost at 1 January 686 27,066 3,374 458 1,036 32,620 Transferred to discontinued operations 0 (5,884) (901) 0 (531) (7,316) Transfers (to)/from other items (2) 915 22 (310) (625) 0 Additions relating to the acquisition of enterprises 0 73 4 0 0 77 Work performed for own purposes and capitalised 0 996 3 1 16 1,016 Acquisitions from third parties 14 762 284 278 360 1,698 Assets disposed of (109) (982) (353) 0 0 (1,444) Currency translation adjustments 1 152 33 6 4 196 Accumulated cost at 31 December 590 23,098 2,466 433 260 26,847 Accumulated depreciation and write-downs for impairment at 1 January (39) (10,105) (2,228) (250) 0 (12,622) Transferred to discontinued operations 0 2,242 625 0 0 2,867 Transfers to/(from) other items 5 (100) 89 6 0 0 Depreciation (8) (2,249) (432) 0 0 (2,689) Write-downs for impairment (17) (44) (10) (35) 0 (106) Assets disposed of 5 959 347 0 0 1,311 Currency translation adjustments 0 (56) (17) (4) 0 (77) Accumulated depreciation and write-downs for impairment at 31 December (54) (9,353) (1,626) (283) 0 (11,316) Carrying amount at 31 December 536 13,745 840 150 260 15,531 Carrying amount of finance leases at 31 December 74 53 69 - - 196 Carrying amount of capitalised interest at 31 December 0 0 0 - 0 0 In 2011, write-downs for impairment totalled DKK 57m. Of this, DKK 42m related to assets operated jointly by Business, Operations & HQ and Consumer, DKK 13m related to YouSee, and DKK 2m related to Nordic. In 2010, write-downs for impairment totalled DKK 106m. Of this, DKK 93m related to assets operated jointly by Business, Operations & HQ and Consumer, DKK 12m related to Nordic, and DKK 1m related to YouSee. Interest capitalised during 2011 amounted to DKK 0m compared with DKK 0m in 2010. The carrying amount of mortgaged property, plant and equipment amounted to DKK 2m at 31 December 2011 compared with DKK 2m at 31 December 2010. In 2011, damages of DKK 41m received relating to property, plant and equipment were recognised as income compared with DKK 42m in 2010. 134
TDC Group Annual Report 2011 Note 16 Investments in joint ventures and associates DKKm 2011 2010 Accumulated cost at 1 January 115 108 Additions during the year 11 19 Disposals relating to increased ownership shares of enterprises 0 (12) Disposals during the year (24) 0 Accumulated cost at 31 December 102 115 Accumulated write-ups and write-downs for impairment at 1 January 22 60 Transferred (to)/from liabilities 3 (9) Disposals relating to increased ownership shares of enterprises 0 2 Write-ups and write-downs for the year: Share of profit/(loss) (25) 3 Dividends (4) (34) Disposals during the year 24 0 Accumulated write-ups and write-downs for impairment at 31 December 20 22 Carrying amount at 31 December 122 137 which can be specified as follows: Joint ventures 0 5 Associates 122 132 Total 122 137 Profit from joint ventures and associates DKKm 2011 2010 Share of profit/loss (25) 3 Gain/loss relating to divestment of joint ventures and associates (special items) 0 10 Profit from joint ventures and associates (25) 13 Joint ventures TDC has no significant investments in joint ventures. Associates TDC has no significant investments in associates. 135
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2011 Group Annual Report
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TDC Group Annual Report 2011 Accomp
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While our business is less impacted
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Revenue The TDC Group’s revenue i
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Profit for the year Profit for the
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Guidance 2011 TDC published financi
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TDC during 130 years TDC turns 130
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Internet The four regional telephon
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TDC Group Annual Report 2011 “The
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TDC today Profile TDC is the leadin
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Product lines In a rapidly changing
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Innovations in TDC in 2011 TDC is a
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TDC’s mission, vision and values
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Strategy 2012 Customer satisfaction
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TDC Group Annual Report 2011 30
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TDC’s homedisk stores 320,000 GB
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Consumer 2011 at a glance • Consu
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To an increasing extent, customers
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Performance in 2011 Revenue The bus
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Business partners & colleagues Cope
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Nordic 2011 at a glance • Solid r
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Gross profit The gross profit growt
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Performance in 2011 Revenue Wholesa
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YouSee 2011 at a glance • Strong
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Gross profit YouSee’s gross profi
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Performance in 2011 In 2011, Operat
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In 2011, TDC showed its ability to
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Shareholder information Policy TDC
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Share price In a challenging market
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TDC has 2,550 3G sites in Denmark,
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Regulation Overview The summary bel
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Risk factors TDC is faced with both
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Risk Description and impact Mitigat
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Corporate Social Responsibility 201
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Corporate Social Responsibility The
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of life of the individual patients
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At TDC, we continued to increase th
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Red Cross for vulnerable population
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YouSee and TDC in combination deliv
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Corporate Governance Recommendation
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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 116 and 117: Note 4 Segment reporting For a desc
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 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
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TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

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