Telecom Italia Finance financials
Telecom Italia Finance
Country: LU Reporting currency: EUR Latest annual report: 2023-12-31
LEI:
549300O482B6CBF38D50 Financial statements
(EUR, as reported — unscaled; 100 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | €4.41B | €3.96B |
| Cost of sales | €1.69B | €1.57B |
| Other income | €17.0M | €17.0M |
| Employee benefits expense | €339.0M | €312.0M |
| Depreciation & amortisation | €1.32B | €1.26B |
| Operating profit (EBIT) | €827.0M | €581.0M |
| Finance costs | €1.08B | €1.23B |
| Profit before tax | €597.0M | €254.0M |
| Income tax expense | €86.0M | €32.0M |
| Profit for the year | €511.0M | €221.0M |
| — attributable to owners | €335.0M | €120.0M |
| — attributable to NCI | €176.0M | €102.0M |
| Total comprehensive income | €764.0M | €763.0M |
| Cash flow statement | ||
| Net cash from operating activities | €1.92B | €1.78B |
| Net cash from investing activities | -€1.70B | -€1.61B |
| Net cash from financing activities | -€484.0M | -€376.0M |
| Dividends paid | €1.11B | €122.0M |
| Proceeds from borrowings | €926.0M | €474.0M |
| Repayments of borrowings | €557.0M | €406.0M |
| Net change in cash | -€268.0M | -€208.0M |
| Balance sheet | ||
| Total assets | €16.66B | €15.87B |
| Non-current assets | €10.01B | €10.20B |
| Property, plant & equipment | €2.34B | €2.15B |
| Right-of-use assets | €1.91B | €1.98B |
| Intangible assets & goodwill | €3.29B | €3.31B |
| Current assets | €6.65B | €5.67B |
| Inventories | €62.0M | €42.0M |
| Trade & other receivables | €985.0M | €865.0M |
| Cash & equivalents | €2.83B | €3.04B |
| Total equity | €7.58B | €7.91B |
| — attributable to owners | €5.93B | €6.37B |
| Non-controlling interests | €1.65B | €1.54B |
| Non-current liabilities | €5.22B | €4.66B |
| Lease liabilities (non-current) | €1.95B | €1.90B |
| Current liabilities | €3.86B | €3.30B |
| Lease liabilities (current) | €338.0M | €406.0M |
| Trade & other payables | €1.75B | €1.64B |
| Deferred tax liabilities | €0 | €0 |
| Derived metrics | ||
| Operating margin | 18.7% | 14.7% |
| Net margin | 11.6% | 5.6% |
| Return on equity | 6.7% | 2.8% |
| Cash conversion ratio | 3.75× | 8.06× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -€18.0M | -€6.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€46.0M | -€6.0M |
| Adjustments For Deferred Tax Expense | €49.0M | -€24.0M |
| Adjustments For Depreciation and Amortisation Expense | €1.32B | €1.26B |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | -€6.0M | €7.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | €94.0M | €130.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -€66.0M | -€13.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | -€17.0M | -€11.0M |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €2.76B | €3.03B |
| Changes In Inventories of Finished Goods and Work In Progress | -€18.0M | -€6.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | €238.0M | €284.0M |
| Comprehensive Income Attributable To Owners of Parent | €526.0M | €479.0M |
| Current Finance Lease Receivables | €6.0M | €6.0M |
| Current Financial Assets | €5.47B | €4.66B |
| Current Financial Liabilities | €1.75B | €1.24B |
| Current Tax Assets Current | €139.0M | €105.0M |
| Current Tax Liabilities Current | €18.0M | €14.0M |
| Deferred Tax Assets | €235.0M | €246.0M |
| Dividends Received Classified As Investing Activities | €0 | €0 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | €20.0M | -€45.0M |
| Equity and Liabilities | €16.66B | €15.87B |
| Finance Income | €810.0M | €920.0M |
| Finance Lease Receivables | €39.0M | €37.0M |
| Gains Losses On Cash Flow Hedges Net of Tax | -€1.0M | €0 |
| Gains Losses On Disposals of Noncurrent Assets | €10.0M | €13.0M |
| Gains Losses On Exchange Differences On Translation Net of Tax | €194.0M | €592.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net of Tax | €69.0M | -€70.0M |
| Income Taxes Paid Refund | €60.0M | €17.0M |
| Income Taxes Paid Refund Classified As Operating Activities | €30.0M | €95.0M |
| Increase Decrease Through Transfers and Other Changes Equity | €29.0M | €6.0M |
| Intangible Assets Other Than Goodwill | €2.28B | €2.33B |
| Interest Paid Classified As Investing Activities | €701.0M | €523.0M |
| Interest Received Classified As Investing Activities | €466.0M | €349.0M |
| Investments In Associates Accounted For Using Equity Method | €312.0M | €277.0M |
| Issued Capital | €1.82B | €1.82B |
| Liabilities | €9.08B | €7.96B |
| Miscellaneous Other Operating Expense | €388.0M | €372.0M |
| Noncurrent Financial Liabilities | €2.84B | €2.33B |
| Noncurrent Provisions | €288.0M | €252.0M |
| Other Adjustments To Reconcile Profit Loss | €96.0M | €296.0M |
| Other Cash Payments To Acquire Equity Or Debt Instruments of Other Entities Classified As Investing Activities | €10.0M | €0 |
| Other Comprehensive Income | €253.0M | €542.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | -€1.0M | €0 |
| Other Comprehensive Income Net of Tax Change In Value of Foreign Currency Basis Spreads | €194.0M | €592.0M |
| Other Comprehensive Income Net of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | €59.0M | -€50.0M |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | €0 | €0 |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €253.0M | €542.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Other Current Financial Assets | €2.63B | €1.61B |
| Other Noncurrent Assets | €2.46B | €2.76B |
| Other Noncurrent Financial Assets | €1.51B | €1.67B |
| Other Noncurrent Liabilities | €140.0M | €179.0M |
| Other Receivables | €371.0M | €531.0M |
| Payments From Changes In Ownership Interests In Subsidiaries | €6.0M | €0 |
| Reclassification Adjustments On Cash Flow Hedges Net of Tax | €0 | €0 |
| Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net of Tax | €9.0M | -€20.0M |
| Revenue and Operating Income | €4.43B | €3.98B |
| Share of Profit Loss of Associates Accounted For Using Equity Method | -€17.0M | -€11.0M |
Methodology
Every line item above is a fact tagged in Telecom Italia Finance's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.