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

Note 39 Research and development costs
TDC Group Annual Report 2011
Research and development costs for the year recognised in the Income Statements amounted to DKK 166m in 2011,
compared with DKK 178m in 2010.
Note 40 Auditors’ remuneration 1 DKKm
2011 2010
Statutory audit 14 16
Non-statutory audit services:
Other assurance engagements 1 2
Tax advisory services 1 3
Other services 6 12
Total non-statutory audit services 8 17
Total 22 33
1 Remuneration to Auditors elected by the Annual General Meeting.
Note 41 Events after the balance sheet date
Settlement of dispute between DPTG and TPSA
On 12 January 2012, TDC A/S announced that a settlement agreement has been entered into in the dispute, which since
2001 has been ongoing between Danish Polish Telecommunication Group I/S (DPTG) and Telekomunikacja Polska S.A. (TPSA).
TDC holds a 25% ownership interest in DPTG and GN Great Nordic A/S holds 75%. TPSA is a Polish telecommunications group
in which France Telecom has a controlling ownership interest.
The dispute concerns determination of traffic volumes, which during the period February 1994 through January 2009 were
transmitted through the fibre optic telecommunication system (NSL) in Poland, and of which DPTG was entitled to receive
14.8% of the net profits until January 2009.
According to the settlement agreement, TPSA pays EUR 550m equivalent to DKK 4.1bn as full and final settlement of all
claims under the dispute. Of these TDC receives DKK 1.0bn. After tax the amount is equivalent to approximately DKK 770 m.
The settlement amount was received with EUR 275 million on 13 January 2012 and EUR 275 million on 19 January 2012.
The effect of the settlement will be recognised in the statement of income under special items related to income from joint
ventures and associates in Q1 2012.
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