o | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||
Ordinary Shares, nominal value 1.00 euro per share* | TEF* | New York Stock Exchange* | ||||||
American Depositary Shares, each representing one Ordinary Share | TEF | New York Stock Exchange | ||||||
Guarantee ** by Telefónica, S.A. of the following, each of Telefónica Emisiones, S.A.U. | ||||||||
$750,000,000 Fixed Rate Guaranteed Senior Notes Due 2023 | TEF/23 | New York Stock Exchange | ||||||
$1,500,000,000 Fixed Rate Senior Notes Due 2027 | TEF/27 | New York Stock Exchange | ||||||
$2,000,000,000 Fixed Rate Guaranteed Senior Notes Due 2036 | TEF/36 | New York Stock Exchange | ||||||
$750,000,000 Fixed Rate Senior Notes Due 2038 | TEF/38 | New York Stock Exchange | ||||||
$2,500,000,000 Fixed Rate Senior Notes Due 2047 | TEF/47 | New York Stock Exchange | ||||||
$1,250,000,000 Fixed Rate Senior Notes Due 2048 | TEF/48 | New York Stock Exchange | ||||||
$1,250,000,000 Fixed Rate Senior Notes Due 2049 | TEF/49 | New York Stock Exchange | ||||||
Guarantee ** by Telefónica, S.A. of the following, each of Telefónica Europe B.V. | ||||||||
$1,250,000,000 Fixed Rate Guaranteed Senior Notes Due 2030 | TEF/30 | New York Stock Exchange |
* | Not for trading, but only in connection with the listing of American Depositary Shares, pursuant to the requirements of the New York Stock Exchange. |
** | Not for trading, but only in connection with the listing of the $750,000,000 Fixed Rate Guaranteed Senior Notes Due 2023; $1,500,000,000 Fixed Rate Senior Notes Due 2027; $2,000,000,000 Fixed Rate Guaranteed Senior Notes Due 2036; $750,000,000 Fixed Rate Senior Notes Due 2038; $2,500,000,000 Fixed Rate Senior Notes Due 2047; $1,250,000,000 Fixed Rate Senior Notes Due 2048; and $1,250,000,000 Fixed Rate Senior Notes Due 2049; each of Telefónica Emisiones, S.A.U., and the $1,250,000,000 Fixed Rate Guaranteed Senior Notes Due 2030 of Telefónica Europe, B.V. (each a wholly-owned subsidiary of Telefónica, S.A.) |
Yes x | No o |
Yes o | No x |
Yes x | No o |
Yes x | No o |
Large Accelerated Filer x | Accelerated Filer o | Non-accelerated Filer o | Emerging growth company o |
o | U.S. GAAP |
x | International Financial Reporting Standards as issued by the International Accounting Standards Board |
o | Other |
o Item 17 | o Item 18 |
Yes o | No x |
TABLE OF CONTENTS | |||||
Millions of euros | 2016 | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Consolidated Income Statements Data | |||||||||||||||||
Revenues | 52,036 | 52,008 | 48,693 | 48,422 | 43,076 | ||||||||||||
Other income | 1,763 | 1,489 | 1,622 | 2,842 | 1,587 | ||||||||||||
Supplies | (15,242) | (15,022) | (14,013) | (13,635) | (13,014) | ||||||||||||
Personnel expenses | (8,098) | (6,862) | (6,332) | (8,066) | (5,280) | ||||||||||||
Other expenses | (15,341) | (15,426) | (14,399) | (14,444) | (12,871) | ||||||||||||
Depreciation and amortization | (9,649) | (9,396) | (9,049) | (10,582) | (9,359) | ||||||||||||
OPERATING INCOME | 5,469 | 6,791 | 6,522 | 4,537 | 4,139 | ||||||||||||
Share of (loss) income of investments accounted for by the equity method | (5) | 5 | 4 | 13 | 2 | ||||||||||||
Net finance expense | (2,706) | (2,290) | (1,232) | (1,953) | (1,740) | ||||||||||||
Net exchange differences | 487 | 91 | 277 | 121 | 182 | ||||||||||||
Net financial expense | (2,219) | (2,199) | (955) | (1,832) | (1,558) | ||||||||||||
PROFIT BEFORE TAX | 3,245 | 4,597 | 5,571 | 2,718 | 2,583 | ||||||||||||
Corporate income tax | (846) | (1,219) | (1,621) | (1,054) | (626) | ||||||||||||
PROFIT FOR THE YEAR | 2,399 | 3,378 | 3,950 | 1,664 | 1,957 | ||||||||||||
Attributable to equity holders of the parent | 2,369 | 3,132 | 3,331 | 1,142 | 1,582 | ||||||||||||
Attributable to non-controlling interests | 30 | 246 | 619 | 522 | 375 | ||||||||||||
Other Data | |||||||||||||||||
Weighted average number of shares-Basic (thousands)(1) | 5,390,701 | 5,443,611 | 5,461,067 | 5,453,145 | 5,471,160 | ||||||||||||
Basic and diluted earnings per share attributable to equity holders of the parent (euro)(1) | 0.39 | 0.52 | 0.54 | 0.16 | 0.24 | ||||||||||||
Basic and diluted earnings per ADS (euro)(1) | 0.39 | 0.52 | 0.54 | 0.16 | 0.24 | ||||||||||||
Weighted average number of ADS-Basic (thousands)(1) | 5,390,701 | 5,443,611 | 5,461,067 | 5,453,145 | 5,471,160 | ||||||||||||
Dividends per ordinary share (cash and scrip) (euro) | 0.75 | 0.40 | 0.40 | 0.40 | 0.40 | ||||||||||||
Dividends per ordinary share (cash and scrip) ($)(2) | 0.82 | 0.46 | 0.46 | 0.45 | 0.47 | ||||||||||||
Consolidated Statements of Financial Position Data | |||||||||||||||||
Cash and cash equivalents | 3,736 | 5,192 | 5,692 | 6,042 | 5,604 | ||||||||||||
Property, plant and equipment | 36,393 | 34,225 | 33,295 | 32,228 | 23,769 | ||||||||||||
Total assets | 123,641 | 115,066 | 114,047 | 118,877 | 105,051 | ||||||||||||
Non-current liabilities | 59,805 | 59,382 | 57,418 | 63,236 | 58,674 | ||||||||||||
Equity | 28,385 | 26,618 | 26,980 | 25,450 | 18,260 | ||||||||||||
Capital stock | 5,038 | 5,192 | 5,192 | 5,192 | 5,526 | ||||||||||||
Consolidated Statements of Cash Flows Data | |||||||||||||||||
Net cash provided by operating activities | 13,338 | 13,796 | 13,423 | 15,022 | 13,196 | ||||||||||||
Net cash used in investing activities | (8,208) | (10,245) | (8,685) | (5,641) | (7,790) | ||||||||||||
Net cash used in financing activities | (4,220) | (1,752) | (3,880) | (9,021) | (5,438) |
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | % Reported YoY | ||||||||
Fixed telephony accesses (1) | 31,285.4 | 28,243.0 | (9.7 | %) | |||||||
Broadband (2) | 20,837.1 | 20,077.2 | (3.6 | %) | |||||||
UBB | 14,280.9 | 15,212.8 | 6.5 | % | |||||||
FTTH | 8,223.5 | 9,964.2 | 21.2 | % | |||||||
Mobile accesses (3) | 261,532.9 | 266,287.1 | 1.8 | % | |||||||
Prepay | 131,787.1 | 131,542.0 | (0.2 | %) | |||||||
Contract | 105,970.7 | 108,587.5 | 2.5 | % | |||||||
IoT | 23,775.0 | 26,157.7 | 10.0 | % | |||||||
Pay TV | 8,437.1 | 8,059.5 | (4.5 | %) | |||||||
Retail Accesses | 322,422.2 | 322,978.5 | 0.2 | % | |||||||
Wholesale Accesses | 21,912.7 | 22,455.0 | 2.5 | % | |||||||
Fixed wholesale accesses | 3,822.8 | 3,722.8 | (2.6 | %) | |||||||
Mobile wholesale accesses | 18,089.9 | 18,732.1 | 3.6 | % | |||||||
Total Accesses | 344,334.9 | 345,433.5 | 0.3 | % |
YoY variation | % Over Total Accesses | ||||||||||
Accesses 2020 | 2019 | 2020 | |||||||||
Telefónica Spain | (1.3%) | 12.2% | 12.0% | ||||||||
Telefónica United Kingdom | 4.8% | 10.1% | 10.6% | ||||||||
Telefónica Germany | 1.1% | 14.0% | 14.1% | ||||||||
Telefónica Brazil | 1.5% | 27.2% | 27.5% | ||||||||
Telefónica Hispam | (2.0%) | 32.1% | 31.4% | ||||||||
Other companies (1) | 1.1% | 4.3% | 4.4% |
Competitive Position Evolution | ||||||||
Mobile Market Share (1) | ||||||||
Telefónica | 2019 | 2020 | ||||||
Spain | 29.7% | 29.3% | ||||||
United Kingdom | 26.4% | 25.3% | ||||||
Germany | 36.6% | 35.9% | ||||||
Brazil | 32.9% | 33.6% | ||||||
Argentina | 29.5% | 29.2% | ||||||
Chile | 26.4% | 26.6% | ||||||
Peru | 31.4% | 31.2% | ||||||
Colombia | 24.0% | 25.0% | ||||||
Venezuela | 48.5% | 55.7% | ||||||
Mexico | 21.6% | 21.0% | ||||||
Ecuador | 28.1% | 29.9% | ||||||
Uruguay | 36.6% | 37.0% |
FBB Market Share (1) | ||||||||
Telefónica | 2019 | 2020 | ||||||
Spain | 38.4% | 36.6% | ||||||
Brazil | 21.6% | 17.8% | ||||||
Argentina | 19.2% | 16.5% | ||||||
Chile | 28.8% | 27.8% | ||||||
Peru | 70.0% | 66.2% | ||||||
Colombia | 16.5% | 15.4% |
Year ended December 31, | Variation | |||||||||||||||||||
Consolidated Results | 2019 | 2020 | 2020 vs 2019 | |||||||||||||||||
Millions of euros | Total | % of revenues | Total | % of revenues | Total | % | ||||||||||||||
Revenues | 48,422 | 100.0 | % | 43,076 | 100.0 | % | (5,346) | (11.0 | %) | |||||||||||
Other income | 2,842 | 5.9 | % | 1,587 | 3.7 | % | (1,255) | (44.1 | %) | |||||||||||
Supplies | (13,635) | (28.2 | %) | (13,014) | (30.2 | %) | 621 | (4.6 | %) | |||||||||||
Personnel expenses | (8,066) | (16.7 | %) | (5,280) | (12.3 | %) | 2,786 | (34.5 | %) | |||||||||||
Other expenses | (14,444) | (29.8 | %) | (12,871) | (29.9 | %) | 1,573 | (10.9 | %) | |||||||||||
OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION (OIBDA) | 15,119 | 31.2 | % | 13,498 | 31.3 | % | (1,621) | (10.7 | %) | |||||||||||
OIBDA Margin | 31.2 | % | 31.3 | % | 0.1 p.p. | |||||||||||||||
Depreciation and amortization | (10,582) | (21.9 | %) | (9,359) | (21.7 | %) | 1,223 | (11.6 | %) | |||||||||||
OPERATING INCOME (OI) | 4,537 | 9.4 | % | 4,139 | 9.6 | % | (398) | (8.8 | %) | |||||||||||
Operating Margin | 9.4 | % | 9.6 | % | 0.2 p.p. | |||||||||||||||
Share of income of investments accounted for by the equity method | 13 | 0.0 | % | 2 | 0.0 | % | (11) | (81.1 | %) | |||||||||||
Net financial expense | (1,832) | (3.8 | %) | (1,558) | (3.6 | %) | 274 | (14.9 | %) | |||||||||||
PROFIT BEFORE TAX | 2,718 | 5.6 | % | 2,583 | 6.0 | % | (135) | (5.0 | %) | |||||||||||
Corporate income tax | (1,054) | (2.2 | %) | (626) | (1.5 | %) | 428 | (40.6 | %) | |||||||||||
PROFIT FOR THE YEAR | 1,664 | 3.4 | % | 1,957 | 4.5 | % | 293 | 17.6 | % | |||||||||||
Attributable to equity holders of the parent | 1,142 | 2.4 | % | 1,582 | 3.7 | % | 440 | 38.5 | % | |||||||||||
Attributable to non-controlling interests | 522 | 1.1 | % | 375 | 0.9 | % | (147) | (28.1 | %) |
Millions of euros | 2019 | 2020 | ||||||
Telefónica Spain | 1,733 | (2) | ||||||
Telefónica United Kingdom | 31 | — | ||||||
Telefónica Germany | 22 | 37 | ||||||
Telefónica Brazil | — | — | ||||||
Telefónica Hispam | 235 | 17 | ||||||
Telxius Group | 0 | — | ||||||
Other companies | 149 | 34 | ||||||
Total restructuring costs | 2,170 | 86 |
YoY variation | ||||||||
TELEFÓNICA 2020 | % Reported YoY | % Organic YoY | ||||||
Revenues | (11.0 | %) | (3.3 | %) | ||||
Other income | (44.1 | %) | (14.4 | %) | ||||
Supplies | (4.6 | %) | 0.5 | % | ||||
Personnel expenses | (34.5 | %) | (3.8 | %) | ||||
Other expenses | (10.9 | %) | (5.5 | %) | ||||
OIBDA | (10.7 | %) | (5.7 | %) | ||||
Depreciation and amortization | (11.6 | %) | 0.6 | % | ||||
Operating income (OI) | (8.8 | %) | (16.4 | %) | ||||
CapEx | (33.3 | %) | (12.0 | %) | ||||
OIBDA-CapEx | 20.5 | % | (0.9 | %) |
Contribution to reported growth (percentage points) | ||||||||||||||||||||||||||
TELEFÓNICA 2020 | Exchange rate effect | Perimeter change | Capital gains/losses on sale of companies | Restructuring costs | Reported variation in hyperinflationary countries | Impairment of goodwill and other assets | Spectrum acquisition | Other adjustments | ||||||||||||||||||
Revenues | (6.5) | (0.4) | — | — | (0.9) | — | — | — | ||||||||||||||||||
Other income | (4.3) | (0.1) | (22.7) | — | (0.2) | — | — | (6.9) | ||||||||||||||||||
Supplies | (4.6) | (0.3) | — | — | (0.2) | — | — | — | ||||||||||||||||||
Personnel expenses | (4.1) | (0.1) | — | (25.9) | (1.1) | — | — | (0.5) | ||||||||||||||||||
Other expenses | (7.6) | (0.3) | (0.1) | 0.0 | (0.6) | 4.8 | — | (1.9) | ||||||||||||||||||
OIBDA | (8.0) | (0.7) | (4.2) | 13.8 | (1.5) | (4.5) | — | 0.8 | ||||||||||||||||||
Depreciation and amortization | (8.1) | 0.6 | — | — | (0.4) | — | — | (4.3) | ||||||||||||||||||
Operating income | (7.8) | (3.8) | (14.0) | 45.9 | (4.2) | (15.2) | — | 12.8 | ||||||||||||||||||
CapEx | (6.1) | (0.4) | — | — | (1.6) | — | (15.3) | — | ||||||||||||||||||
OIBDA-CapEx | (10.6) | (1.1) | (10.0) | 32.8 | (1.4) | (10.9) | 21.1 | 2.0 |
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 9,024.1 | 8,731.0 | (3.2 | %) | |||||||
Broadband (2) | 6,023.4 | 5,961.9 | (1.0 | %) | |||||||
FTTH | 4,325.0 | 4,614.1 | 6.7 | % | |||||||
Mobile accesses (3) | 18,916.9 | 18,977.8 | 0.3 | % | |||||||
Prepay | 1,137.2 | 888.1 | (21.9 | %) | |||||||
Contract | 15,158.8 | 15,383.7 | 1.5 | % | |||||||
IoT | 2,620.8 | 2,706.0 | 3.2 | % | |||||||
Pay TV | 4,073.8 | 3,934.5 | (3.4 | %) | |||||||
Retail Accesses | 38,049.5 | 37,615.1 | (1.1 | %) | |||||||
Wholesale Accesses | 3,788.2 | 3,689.5 | (2.6 | %) | |||||||
Total Accesses | 41,837.7 | 41,304.6 | (1.3 | %) |
Millions of euros | ||||||||||||||
TELEFÓNICA SPAIN (1) | 2019 | 2020 | % Reported YoY | % Organic YoY (2) | ||||||||||
Revenues | 12,850 | 12,401 | (3.5 | %) | (3.5 | %) | ||||||||
Mobile handset revenues | 373 | 264 | (29.2 | %) | (29.2 | %) | ||||||||
Revenues ex-mobile handset sales | 12,477 | 12,137 | (2.7 | %) | (2.7 | %) | ||||||||
Retail | 10,313 | 9,906 | (3.9 | %) | (3.9 | %) | ||||||||
Wholesale and Other | 2,164 | 2,231 | 3.1 | % | 3.1 | % | ||||||||
Other income | 640 | 540 | (15.7 | %) | 5.9 | % | ||||||||
Supplies | (4,056) | (4,210) | 3.8 | % | 3.8 | % | ||||||||
Personnel expenses | (3,660) | (1,748) | (52.2 | %) | (9.1 | %) | ||||||||
Other expenses | (2,055) | (1,937) | (5.8 | %) | (6.2 | %) | ||||||||
OIBDA | 3,719 | 5,046 | 35.7 | % | (5.1 | %) | ||||||||
Depreciation and amortization | (2,013) | (2,184) | 8.5 | % | 8.5 | % | ||||||||
Operating income (OI) | 1,706 | 2,862 | 67.7 | % | (13.3 | %) | ||||||||
CapEx | 1,667 | 1,408 | (15.5 | %) | (15.2 | %) | ||||||||
OIBDA-CapEx | 2,052 | 3,638 | 77.3 | % | (0.5 | %) |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||||||||
TELEFÓNICA SPAIN 2020 | % Reported YoY | % Organic YoY | Optimization Distribution Network | Restructuring costs | Sale of credit rights | Capital gains/losses on sale of companies | Spectrum acquisition | ||||||||||||||||
Revenues | (3.5 | %) | (3.5 | %) | — | — | — | — | — | ||||||||||||||
Other income | (15.7 | %) | 5.9 | % | — | — | (16.1) | (4.3) | — | ||||||||||||||
Supplies | 3.8 | % | 3.8 | % | — | — | — | — | — | ||||||||||||||
Personnel expenses | (52.2 | %) | (9.1 | %) | — | (47.4) | — | — | — | ||||||||||||||
Other expenses | (5.8 | %) | (6.2 | %) | 0.3 | — | — | — | — | ||||||||||||||
OIBDA | 35.7 | % | (5.1 | %) | (0.2) | 46.7 | (2.8) | (0.7) | — | ||||||||||||||
Depreciation and amortization | 8.5 | % | 8.5 | % | — | — | — | — | — | ||||||||||||||
Operating income (OI) | 67.7 | % | (13.3 | %) | (0.4) | n.m | (6.0) | (1.6) | — | ||||||||||||||
CapEx | (15.5 | %) | (15.2 | %) | — | — | — | — | (0.4) | ||||||||||||||
OIBDA-CapEx | 77.3 | % | (0.5 | %) | (0.3) | 84.6 | (5.0) | (1.3) | 0.3 |
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 313.3 | 320.4 | 2.3 | % | |||||||
Broadband (2) | 28.9 | 29.2 | 1.2 | % | |||||||
Mobile accesses (3) | 25,803.3 | 26,980.7 | 4.6 | % | |||||||
Prepay | 8,436.1 | 8,117.4 | (3.8 | %) | |||||||
Contract | 12,248.5 | 12,372.7 | 1.0 | % | |||||||
IoT | 5,118.7 | 6,490.6 | 26.8 | % | |||||||
Retail Accesses | 26,145.5 | 27,330.3 | 4.5 | % | |||||||
Wholesale Accesses | 8,714.7 | 9,210.9 | 5.7 | % | |||||||
Total Accesses | 34,860.2 | 36,541.2 | 4.8 | % |
Millions of euros | ||||||||||||||
TELEFÓNICA UNITED KINGDOM | 2019 | 2020 | % Reported YoY | % Organic YoY (1) | ||||||||||
Revenues | 7,109 | 6,708 | (5.6 | %) | (4.4 | %) | ||||||||
Mobile Business (2) | 6,891 | 6,476 | (6.0 | %) | (4.8 | %) | ||||||||
Handset revenues | 1,795 | 1,816 | 1.1 | % | 2.5 | % | ||||||||
Fixed Business | 218 | 232 | 6.5 | % | 7.9 | % | ||||||||
Other income | 186 | 178 | (4.4 | %) | (3.2 | %) | ||||||||
Supplies | (2,521) | (2,456) | (2.6 | %) | (1.3 | %) | ||||||||
Personnel expenses | (503) | (459) | (8.6 | %) | (1.7 | %) | ||||||||
Other expenses | (2,157) | (1,907) | (11.7 | %) | (10.5 | %) | ||||||||
OIBDA | 2,114 | 2,064 | (2.4 | %) | (2.4 | %) | ||||||||
Depreciation and amortization | (1,204) | (389) | (67.7 | %) | (2.3 | %) | ||||||||
Operating income (OI) | 910 | 1,675 | 84.0 | % | (2.5 | %) | ||||||||
CapEx | 914 | 913 | (0.1 | %) | (9.2 | %) | ||||||||
OIBDA-CapEx | 1,200 | 1,151 | (4.1 | %) | 2.7 | % |
YoY variation | Contribution to reported growth (percentage points) | |||||||||||||||||||
TELEFÓNICA UNITED KINGDOM 2020 | % Reported YoY | % Organic YoY | Exchange rate effect | Impact on depreciation of assets held for sale | Restructuring costs | Spectrum acquisition | ||||||||||||||
Revenues | (5.6 | %) | (4.4 | %) | (1.3) | — | — | — | ||||||||||||
Other income | (4.4 | %) | (3.2 | %) | (1.3) | — | — | — | ||||||||||||
Supplies | (2.6 | %) | (1.3 | %) | (1.3) | — | — | — | ||||||||||||
Personnel expenses | (8.6 | %) | (1.7 | %) | (1.2) | — | (5.7) | — | ||||||||||||
Other expenses | (11.7 | %) | (10.5 | %) | (1.2) | — | — | — | ||||||||||||
OIBDA | (2.4 | %) | (2.4 | %) | (1.3) | — | 1.4 | — | ||||||||||||
Depreciation and amortization | (67.7 | %) | (2.3 | %) | (0.4) | (64.9) | — | — | ||||||||||||
Operating income (OI) | 84.0 | % | (2.5 | %) | (2.5) | 85.8 | 3.2 | — | ||||||||||||
CapEx | (0.1 | %) | (9.2 | %) | (1.3) | — | — | 10.4 | ||||||||||||
OIBDA-CapEx | (4.1 | %) | 2.7 | % | (1.3) | — | 2.4 | (7.9) |
TELEFÓNICA UNITED KINGDOM | 2019 (1) | 2020 | % Reported YoY | %Organic YoY | ||||||||||
ARPU (EUR) | 14.8 | 12.8 | (13.2 | %) | (12.0 | %) | ||||||||
Prepay | 7.4 | 7.5 | 0.3 | % | 1.6 | % | ||||||||
Contract (2) | 24.9 | 22.1 | (11.0 | %) | (9.8 | %) | ||||||||
Data ARPU (EUR) | 8.6 | 9.7 | 12.8 | % | 14.3 | % | ||||||||
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 2,129.5 | 2,180.2 | 2.4 | % | |||||||
Broadband (2) | 2,206.6 | 2,261.1 | 2.5 | % | |||||||
UBB | 1,652.0 | 1,797.8 | 8.8 | % | |||||||
Mobile accesses (3) | 43,826.8 | 44,274.8 | 1.0 | % | |||||||
Prepay | 20,096.2 | 19,283.3 | (4.0 | %) | |||||||
Contract | 22,538.8 | 23,581.3 | 4.6 | % | |||||||
IoT (4) | 1,191.8 | 1,410.1 | 18.3 | % | |||||||
Retail Accesses | 48,258.0 | 48,804.7 | 1.1 | % | |||||||
Total Accesses | 48,258.0 | 48,804.7 | 1.1 | % |
Millions of euros | ||||||||||||||
TELEFÓNICA GERMANY | 2019 | 2020 | % Reported YoY | % Organic YoY (1) | ||||||||||
Revenues | 7,399 | 7,532 | 1.8 | % | 1.8 | % | ||||||||
Mobile Business | 6,647 | 6,730 | 1.2 | % | 1.2 | % | ||||||||
Handset revenues | 1,346 | 1,423 | 5.7 | % | 5.7 | % | ||||||||
Fixed Business | 741 | 785 | 6.0 | % | 6.0 | % | ||||||||
Other income | 183 | 136 | (25.8 | %) | (27.8 | %) | ||||||||
Supplies | (2,372) | (2,435) | 2.6 | % | 2.6 | % | ||||||||
Personnel expenses | (592) | (611) | 3.2 | % | (0.6 | %) | ||||||||
Other expenses | (2,292) | (2,313) | 1.0 | % | 0.9 | % | ||||||||
OIBDA | 2,326 | 2,309 | (0.8 | %) | 0.1 | % | ||||||||
Depreciation and amortization | (2,463) | (2,394) | (2.8 | %) | (2.8 | %) | ||||||||
Operating loss | (137) | (85) | (38.0 | %) | (63.5 | %) | ||||||||
CapEx | 2,469 | 1,094 | (55.7 | %) | 4.8 | % | ||||||||
OIBDA-CapEx | (143) | 1,215 | c.s. | (3.6 | %) |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||
TELEFÓNICA GERMANY 2020 | %Reported YoY | %Organic YoY | Restructuring costs | Spectrum sale | Spectrum acquisition | ||||||||||||
Revenues | 1.8 | % | 1.8 | % | — | — | — | ||||||||||
Other income | (25.8 | %) | (27.8 | %) | — | 2.0 | — | ||||||||||
Supplies | 2.6 | % | 2.6 | % | — | — | — | ||||||||||
Personnel expenses | 3.2 | % | (0.6 | %) | 3.8 | — | — | ||||||||||
Other expenses | 1.0 | % | 0.9 | % | (0.3) | 0.4 | — | ||||||||||
OIBDA | (0.8 | %) | 0.1 | % | (0.7) | (0.2) | — | ||||||||||
Depreciation and amortization | (2.8 | %) | (2.8 | %) | — | — | — | ||||||||||
Operating loss | (38.0 | %) | (63.5 | %) | 11.3 | 3.9 | — | ||||||||||
CapEx | (55.7 | %) | 4.8 | % | — | — | (57.7) | ||||||||||
OIBDA-CapEx | c.s. | (3.6 | %) | 10.8 | 3.8 | n.m. |
TELEFÓNICA GERMANY | 2019 | 2020 | % Reported YoY | ||||||||
ARPU (EUR) | 10.0 | 9.9 | (1.2 | %) | |||||||
Prepay | 6.0 | 6.1 | 1.6 | % | |||||||
Contract (1) | 14.3 | 13.6 | (4.4 | %) | |||||||
Data ARPU (EUR) | 5.9 | 5.9 | 0.2 | % | |||||||
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 10,817.0 | 8,994.8 | (16.8 | %) | |||||||
Broadband (2) | 6,938.9 | 6,315.0 | (9.0 | %) | |||||||
UBB | 5,022.8 | 5,084.2 | 1.2 | % | |||||||
FTTH | 2,477.4 | 3,377.7 | 36.3 | % | |||||||
Mobile accesses (3) | 74,573.1 | 78,523.7 | 5.3 | % | |||||||
Prepay | 31,408.0 | 33,662.5 | 7.2 | % | |||||||
Contract | 33,075.3 | 34,418.2 | 4.1 | % | |||||||
IoT | 10,089.8 | 10,443.0 | 3.5 | % | |||||||
Pay TV | 1,319.7 | 1,247.7 | (5.5 | %) | |||||||
IPTV | 714.5 | 890.8 | 24.7 | % | |||||||
Retail Accesses | 93,718.9 | 95,145.0 | 1.5 | % | |||||||
Total Accesses | 93,732.3 | 95,157.9 | 1.5 | % |
Millions of euros | ||||||||||||||
TELEFÓNICA BRAZIL | 2019 | 2020 | % Reported YoY | % Organic YoY (1) | ||||||||||
Revenues | 10,035 | 7,422 | (26.0 | %) | (2.6 | %) | ||||||||
Mobile Business | 6,498 | 4,891 | (24.7 | %) | (0.9 | %) | ||||||||
Handset revenues | 613 | 426 | (30.6 | %) | (8.5 | %) | ||||||||
Fixed Business | 3,537 | 2,531 | (28.4 | %) | (5.7 | %) | ||||||||
Other income | 427 | 325 | (23.8 | %) | 3.9 | % | ||||||||
Supplies | (1,686) | (1,252) | (25.7 | %) | (2.2 | %) | ||||||||
Personnel expenses | (1,028) | (792) | (22.9 | %) | 1.5 | % | ||||||||
Other expenses | (3,486) | (2,515) | (27.9 | %) | (5.0 | %) | ||||||||
OIBDA | 4,262 | 3,188 | (25.2 | %) | (1.1 | %) | ||||||||
Depreciation and amortization | (2,516) | (1,965) | (21.9 | %) | 2.9 | % | ||||||||
Operating income (OI) | 1,746 | 1,223 | (30.0 | %) | (6.9 | %) | ||||||||
CapEx | 2,005 | 1,372 | (31.6 | %) | (11.9 | %) | ||||||||
OIBDA-CapEx | 2,257 | 1,816 | (19.6 | %) | 8.5 | % |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||
TELEFÓNICA BRAZIL 2020 | % Reported YoY | % Organic YoY | Exchange rate effect | Capital gains/losses on sale of companies | Spectrum acquisition | ||||||||||||
Revenues | (26.0 | %) | (2.6 | %) | (23.5) | — | — | ||||||||||
Other income | (23.8 | %) | 3.9 | % | (24.2) | (3.4) | — | ||||||||||
Supplies | (25.7 | %) | (2.2 | %) | (23.6) | — | — | ||||||||||
Personnel expenses | (22.9 | %) | 1.5 | % | (24.5) | — | — | ||||||||||
Other expenses | (27.9 | %) | (5.0 | %) | (22.9) | — | — | ||||||||||
OIBDA | (25.2 | %) | (1.1 | %) | (23.7) | (0.3) | — | ||||||||||
Depreciation and amortization | (21.9 | %) | 2.9 | % | (24.8) | — | — | ||||||||||
Operating income (OI) | (30.0 | %) | (6.9 | %) | (22.2) | (0.8) | — | ||||||||||
CapEx | (31.6 | %) | (11.9 | %) | (21.7) | — | 2.1 | ||||||||||
OIBDA-CapEx | (19.6 | %) | 8.5 | % | (25.5) | (0.6) | (1.9) |
TELEFÓNICA BRAZIL | 2019 | 2020 | % Reported YoY | %Local Currency YoY | ||||||||||
ARPU (EUR) | 6.4 | 4.7 | (26.5 | %) | (3.2 | %) | ||||||||
Prepay | 2.9 | 2.2 | (22.2 | %) | 2.5 | % | ||||||||
Contract (1) | 11.6 | 8.4 | (27.4 | %) | (4.3 | %) | ||||||||
Data ARPU (EUR) | 5.1 | 4.1 | (20.1 | %) | (2.8 | %) | ||||||||
ACCESSES | |||||||||||
Thousands of accesses | 2019 | 2020 | % Reported YoY | ||||||||
Fixed telephony accesses (1) | 8,804.2 | 7,835.0 | (11.0 | %) | |||||||
Broadband (2) | 5,564.7 | 5,447.3 | (2.1 | %) | |||||||
UBB | 3,249.6 | 3,695.0 | 13.7 | % | |||||||
FTTH | 2,829.6 | 3,417.6 | 20.8 | % | |||||||
Mobile accesses (3) | 93,137.8 | 92,204.5 | (1.0 | %) | |||||||
Prepay | 67,286.2 | 66,206.7 | (1.6 | %) | |||||||
Contract | 22,243.7 | 22,000.2 | (1.1 | %) | |||||||
IoT | 3,607.9 | 3,997.6 | 10.8 | % | |||||||
Pay TV | 3,015.2 | 2,856.8 | (5.3 | %) | |||||||
IPTV | 335.6 | 577.7 | 72.1 | % | |||||||
Retail Accesses | 110,670.3 | 108,488.6 | (2.0 | %) | |||||||
Total Accesses | 110,691.5 | 108,509.1 | (2.0 | %) |
Millions of euros | ||||||||||||||
TELEFÓNICA HISPAM | 2019 | 2020 | % Reported YoY | % Organic YoY (1) | ||||||||||
Revenues | 9,650 | 7,922 | (17.9 | %) | (6.2 | %) | ||||||||
Mobile Business | 6,210 | 5,070 | (18.4 | %) | (6.4 | %) | ||||||||
Handset revenues | 1,415 | 1,111 | (21.5 | %) | (12.0 | %) | ||||||||
Fixed Business | 3,435 | 2,836 | (17.4 | %) | (6.2 | %) | ||||||||
Other income | 645 | 253 | (60.8 | %) | (43.1 | %) | ||||||||
Supplies | (2,832) | (2,466) | (12.9 | %) | (3.2 | %) | ||||||||
Personnel expenses | (1,458) | (999) | (31.5 | %) | (3.4 | %) | ||||||||
Other expenses | (3,972) | (3,720) | (6.3 | %) | (9.6 | %) | ||||||||
OIBDA | 2,033 | 990 | (51.3 | %) | (13.2 | %) | ||||||||
Depreciation and amortization | (2,268) | (2,274) | 0.3 | % | (2.4 | %) | ||||||||
Operating loss | (235) | (1,284) | n.m. | (68.7 | %) | |||||||||
CapEx | 1,485 | 833 | (43.9 | %) | (26.7 | %) | ||||||||
OIBDA-CapEx | 548 | 157 | (71.3 | %) | 2.4 | % |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||||||||||||||
TELEFÓNICA HISPAM 2020 | % Reported YoY | % Organic YoY | Exchange rate effect | Reported var. in hyperinflationary countries | Capital gains/losses on sale of companies | Restructuring costs | Spectrum acquisition | Transformation T.Mexico | Impairment of goodwill and other assets | ||||||||||||||||||||
Revenues | (17.9 | %) | (6.2 | %) | (7.3) | (4.4) | — | — | — | — | — | ||||||||||||||||||
Other income | (60.8 | %) | (43.1 | %) | (4.0) | (1.9) | (6.2) | — | — | (14.8) | — | ||||||||||||||||||
Supplies | (12.9 | %) | (3.2 | %) | (8.5) | (1.3) | — | — | — | — | — | ||||||||||||||||||
Personnel expenses | (31.5 | %) | (3.4 | %) | (4.8) | (6.1) | — | (14.9) | — | (3.0) | — | ||||||||||||||||||
Other expenses | (6.3 | %) | (9.6 | %) | (5.9) | (2.1) | — | — | — | (7.3) | 17.3 | ||||||||||||||||||
OIBDA | (51.3 | %) | (13.2 | %) | (9.2) | (11.3) | (2.0) | 10.7 | — | 11.7 | (33.8) | ||||||||||||||||||
Depreciation and amortization | 0.3 | % | (2.4 | %) | (9.9) | (1.8) | — | — | — | 14.3 | — | ||||||||||||||||||
Operating loss | n.m. | (68.7 | %) | (16.1) | 80.3 | 17.0 | (92.3) | — | 36.7 | n.m. | |||||||||||||||||||
CapEx | (43.9 | %) | (26.7 | %) | (5.3) | (9.7) | — | — | (3.0) | — | — | ||||||||||||||||||
OIBDA-CapEx | (71.3 | %) | 2.4 | % | (19.9) | (15.5) | (7.3) | 39.6 | 8.3 | 43.6 | n.m. |
TELXIUS GROUP | |||||||||||
Units | 2019 | 2020 | %Reported YoY | ||||||||
Towers | 18,348 | 26,765 | 45.9 | % | |||||||
Tenants | 24,911 | 34,318 | 37.8 | % | |||||||
Non anchor tenants | 6,563 | 7,553 | 15.1 | % | |||||||
Tenancy ratio | 1.37x | 1.28x | (0.08x) |
Millions of euros | ||||||||||||||
TELXIUS GROUP | 2019 | 2020 | % Reported YoY | % Organic YoY (1) | ||||||||||
Revenues | 842 | 826 | (1.9 | %) | 1.0 | % | ||||||||
Other income | 11 | 9 | (13.3 | %) | (14.5 | %) | ||||||||
Supplies | (171) | (141) | (18.0 | %) | (16.6 | %) | ||||||||
Personnel expenses | (48) | (49) | 1.3 | % | 5.5 | % | ||||||||
Other expenses | (130) | (125) | (2.2 | %) | (0.4 | %) | ||||||||
OIBDA | 504 | 520 | 3.1 | % | 6.6 | % | ||||||||
Depreciation and amortization | (249) | (269) | 7.8 | % | 12.4 | % | ||||||||
Operating income (OI) | 255 | 251 | (1.6 | %) | 1.0 | % | ||||||||
CapEx | 284 | 348 | 22.5 | % | 37.4 | % | ||||||||
OIBDA-CapEx | 220 | 172 | (22.0 | %) | (32.9 | %) |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||
TELXIUS GROUP 2020 | % Reported YoY | % Organic YoY | Exchange rate effect | Reported var. in hyperinflationary countries | Restructuring costs | ||||||||||||
Revenues | (1.9 | %) | 1.0 | % | (2.9) | (0.1) | — | ||||||||||
Other income | (13.3 | %) | (14.5 | %) | (2.0) | 5.4 | — | ||||||||||
Supplies | (18.0 | %) | (16.6 | %) | (1.2) | (0.2) | — | ||||||||||
Personnel expenses | 1.3 | % | 5.5 | % | (3.1) | (0.0) | — | ||||||||||
Other expenses | (2.2 | %) | (0.4 | %) | (1.6) | (0.2) | — | ||||||||||
OIBDA | 3.1 | % | 6.6 | % | (3.7) | 0.0 | 0.1 | ||||||||||
Depreciation and amortization | 7.8 | % | 12.4 | % | (4.4) | (0.2) | — | ||||||||||
Operating income (OI) | (1.6 | %) | 1.0 | % | (3.1) | 0.3 | 0.2 | ||||||||||
CapEx | 22.5 | % | 37.4 | % | (15.1) | 0.2 | — | ||||||||||
OIBDA-CapEx | (22.0 | %) | (32.9 | %) | 11.0 | (0.2) | 0.2 |
ACCESSES | ||||||||||||||
Thousands of accesses | 2018 | 2019 | % Reported YoY | %Org. YoY (1) | ||||||||||
Fixed telephony accesses (2) | 35,273.6 | 31,285.4 | (11.3 | %) | (10.6 | %) | ||||||||
Internet and data accesses (3) | 22,087.5 | 21,166.9 | (4.2 | %) | (4.1 | %) | ||||||||
Broadband (4) | 21,645.2 | 20,837.1 | (3.7 | %) | (3.7 | %) | ||||||||
FTTx/Cable | 13,213.1 | 14,280.9 | 8.1 | % | 8.1 | % | ||||||||
Mobile accesses | 270,814.9 | 261,532.9 | (3.4 | %) | (0.4 | %) | ||||||||
Prepay | 147,062.0 | 131,791.8 | (10.4 | %) | (5.6 | %) | ||||||||
Contract (5) | 123,752.9 | 129,741.1 | 4.8 | % | 5.4 | % | ||||||||
M2M | 19,483.0 | 23,770.4 | 22.0 | % | 22.4 | % | ||||||||
Pay TV | 8,875.4 | 8,437.1 | (4.9 | %) | (4.8 | %) | ||||||||
Retail Accesses | 337,051.5 | 322,422.2 | (4.3 | %) | (1.9 | %) | ||||||||
Wholesale Accesses | 19,520.0 | 21,912.7 | 12.3 | % | 12.3 | % | ||||||||
Fixed wholesale accesses | 3,951.5 | 3,822.8 | (3.3 | %) | (3.3 | %) | ||||||||
Mobile wholesale accesses | 15,568.5 | 18,089.9 | 16.2 | % | 16.2 | % | ||||||||
Total Accesses | 356,571.5 | 344,334.9 | (3.4 | %) | (1.1 | %) |
YoY variation and contribution to reported growth (percentage points) | |||||||||||||||||
%Reported YoY | %Org. YoY | T. Guatemala | T. Nicaragua | T. Panamá | |||||||||||||
Fixed telephony accesses | (11.3 | %) | (10.6 | %) | (0.6) | (0.2) | (0.1) | ||||||||||
Internet and data accesses | (4.2 | %) | (4.1 | %) | — | — | — | ||||||||||
Broadband | (3.7 | %) | (3.7 | %) | — | — | — | ||||||||||
FTTx/Cable | 8.1 | % | 8.1 | % | — | — | — | ||||||||||
Mobile accesses | (3.4 | %) | (0.4 | %) | (0.9) | (1.5) | (0.6) | ||||||||||
Prepay | (10.4 | %) | (5.6 | %) | (1.6) | (2.5) | (1.0) | ||||||||||
Contract | 4.8 | % | 5.4 | % | (0.1) | (0.3) | (0.1) | ||||||||||
M2M | 22.0 | % | 22.4 | % | — | (0.1) | (0.2) | ||||||||||
Pay TV | (4.9 | %) | (4.8 | %) | (0.1) | (0.1) | — | ||||||||||
Retail Accesses | (4.3 | %) | (1.9 | %) | (0.8) | (1.2) | (0.5) | ||||||||||
Wholesale Accesses | 12.3 | % | 12.3 | % | — | — | — | ||||||||||
Fixed wholesale accesses | (3.3 | %) | (3.3 | %) | — | — | — | ||||||||||
Mobile wholesale accesses | 16.2 | % | 16.2 | % | — | — | — | ||||||||||
Total Accesses | (3.4 | %) | (1.1 | %) | (0.8) | (1.1) | (0.5) |
YoY variation | % Over Total Accesses | ||||||||||
Accesses 2019 | 2018 | 2019 | |||||||||
Telefónica Spain | (0.1%) | 11.7% | 12.2% | ||||||||
Telefónica United Kingdom | 5.7% | 9.2% | 10.1% | ||||||||
Telefónica Germany | 2.5% | 13.2% | 14.0% | ||||||||
Telefónica Brazil | (1.6%) | 26.7% | 27.2% | ||||||||
Telefónica Hispam | (6.0%) | 33.0% | 32.1% | ||||||||
Other companies (1) | (30.6%) | 6.0% | 4.3% |
Competitive Position Evolution | ||||||||
Mobile Market Share (1) | ||||||||
Telefónica | 2018 | 2019 | ||||||
Spain | 29.7% | 29.7% | ||||||
United Kingdom | 26.3% | 26.4% | ||||||
Germany | 36.7% | 36.6% | ||||||
Brazil | 31.9% | 32.9% | ||||||
Argentina | 31.4% | 29.5% | ||||||
Chile | 29.7% | 26.4% | ||||||
Peru | 34.6% | 31.4% | ||||||
Colombia | 24.6% | 24.0% | ||||||
Venezuela | 40.9% | 48.5% | ||||||
Mexico | 21.6% | 21.6% | ||||||
Central America | 26.7% | 26.8% | ||||||
Ecuador | 29.8% | 28.1% | ||||||
Uruguay | 35.9% | 36.6% |
FBB Market Share (1) | ||||||||
Telefónica | 2018 | 2019 | ||||||
Spain | 40.4% | 38.4% | ||||||
Brazil | 24.4% | 21.6% | ||||||
Argentina | 22.0% | 19.2% | ||||||
Chile | 32.9% | 28.8% | ||||||
Peru | 71.6% | 70.0% | ||||||
Colombia | 18.2% | 16.5% |
Year ended December 31, | Variation | |||||||||||||||||||
Consolidated Results | 2018 | 2019 | 2019 vs 2018 | |||||||||||||||||
Millions of euros | Total | % of revenues | Total | % of revenues | Total | % | ||||||||||||||
Revenues | 48,693 | 100.0 | % | 48,422 | 100.0 | % | (271) | (0.6 | %) | |||||||||||
Other income | 1,622 | 3.3 | % | 2,842 | 5.9 | % | 1,220 | 75.2 | % | |||||||||||
Supplies | (14,013) | (28.8 | %) | (13,635) | (28.2 | %) | 378 | (2.7 | %) | |||||||||||
Personnel expenses | (6,332) | (13.0 | %) | (8,066) | (16.7 | %) | (1,734) | 27.4 | % | |||||||||||
Other expenses | (14,399) | (29.6 | %) | (14,444) | (29.8 | %) | (45) | 0.3 | % | |||||||||||
OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION (OIBDA) | 15,571 | 32.0 | % | 15,119 | 31.2 | % | (452) | (2.9 | %) | |||||||||||
OIBDA Margin | 32.0 | % | 31.2 | % | (0.8 p.p.) | |||||||||||||||
Depreciation and amortization | (9,049) | (18.6 | %) | (10,582) | (21.9 | %) | (1,533) | 16.9 | % | |||||||||||
OPERATING INCOME (OI) | 6,522 | 13.4 | % | 4,537 | 9.4 | % | (1,985) | (30.4 | %) | |||||||||||
Operating Margin | 13.4 | % | 9.4 | % | (4.0 p.p.) | |||||||||||||||
Share of income of investments accounted for by the equity method | 4 | 0.0 | % | 13 | 0.0 | % | 9 | n.m. | ||||||||||||
Net financial expense | (955) | (2.0 | %) | (1,832) | (3.8 | %) | (877) | 91.8 | % | |||||||||||
PROFIT BEFORE TAX | 5,571 | 11.4 | % | 2,718 | 5.6 | % | (2,853) | (51.2 | %) | |||||||||||
Corporate income tax | (1,621) | (3.3 | %) | (1,054) | (2.2 | %) | 567 | (35.0 | %) | |||||||||||
PROFIT FOR THE YEAR | 3,950 | 8.1 | % | 1,664 | 3.4 | % | (2,286) | (57.9 | %) | |||||||||||
Attributable to equity holders of the parent | 3,331 | 6.8 | % | 1,142 | 2.4 | % | (2,189) | (65.7 | %) | |||||||||||
Attributable to non-controlling interests | 619 | 1.3 | % | 522 | 1.1 | % | (97) | (15.7) | % |
Millions of euros | 2018 | 2019 | ||||||
Telefónica Spain | 297 | 1,733 | ||||||
Telefónica United Kingdom | — | 31 | ||||||
Telefónica Germany | 84 | 22 | ||||||
Telefónica Brazil | 46 | — | ||||||
Telefónica Hispam | 66 | 235 | ||||||
Telxius Group | — | 0 | ||||||
Other companies | (32) | 149 | ||||||
Total restructuring costs | 461 | 2,170 |
YoY variation | ||||||||
TELEFÓNICA 2019 | % Reported YoY | % Organic YoY | ||||||
Revenues | (0.6 | %) | 3.2 | % | ||||
Other income | 75.2 | % | 37.3 | % | ||||
Supplies | (2.7 | %) | 6.2 | % | ||||
Personnel expenses | 27.4 | % | 5.0 | % | ||||
Other expenses | 0.3 | % | 4.8 | % | ||||
OIBDA | (2.9 | %) | 1.9 | % | ||||
Depreciation and amortization | 16.9 | % | 2.0 | % | ||||
Operating income | (30.4 | %) | 1.7 | % | ||||
CapEx | 8.2 | % | 4.0 | % | ||||
OIBDA-CapEx | (15.0 | %) | 0.1 | % |
Contribution to reported growth (percentage points) | ||||||||||||||||||||||||||||||||
TELEFÓNICA 2019 | Exchange rate effect and hyperinflation | Perimeter change | IFRS 16 impact | Gains/losses on sale of companies | Restructuring costs | Judicial decision PIS/COFINS | Impairment of goodwill | Spectrum acquisition | T. Mexico transformation | Other adjustments | ||||||||||||||||||||||
Revenues | (3.1) | (0.8) | — | — | — | — | — | — | — | 0.1 | ||||||||||||||||||||||
Other income | (1.4) | (0.7) | (11.7) | 40.4 | — | — | — | — | 5.6 | 6.4 | ||||||||||||||||||||||
Supplies | (2.1) | (0.7) | (6.1) | — | — | — | — | — | — | 0.1 | ||||||||||||||||||||||
Personnel expenses | (6.2) | (1.1) | (0.1) | — | 29.4 | — | — | — | 0.7 | (0.0) | ||||||||||||||||||||||
Other expenses | (3.5) | (0.4) | (5.8) | 0.1 | (0.1) | 5.5 | (1.0) | — | 1.9 | (1.0) | ||||||||||||||||||||||
OIBDA | (2.2) | (0.9) | 9.7 | 4.2 | (11.8) | (5.1) | 0.9 | — | (1.5) | 1.9 | ||||||||||||||||||||||
Depreciation and amortization | (1.1) | (0.7) | 18.0 | — | — | — | — | — | 0.2 | (1.4) | ||||||||||||||||||||||
Operating income | (3.7) | (1.2) | (1.9) | 9.9 | (28.3) | (12.1) | 2.2 | — | (3.8) | 6.6 | ||||||||||||||||||||||
CapEx | (2.7) | (0.7) | (0.0) | — | — | — | — | 7.9 | — | 0.2 | ||||||||||||||||||||||
OIBDA-CapEx | (1.7) | (1.2) | 20.3 | 8.7 | (24.7) | (10.6) | 1.9 | (8.6) | (3.0) | 3.8 |
ACCESSES | |||||||||||
Thousands of accesses | 2018 | 2019 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 9,361.3 | 9,024.1 | (3.6 | %) | |||||||
Internet and data accesses (2) | 6,129.6 | 6,034.8 | (1.5 | %) | |||||||
Broadband | 6,113.5 | 6,023.4 | (1.5 | %) | |||||||
FTTH | 3,940.6 | 4,325.0 | 9.8 | % | |||||||
Mobile accesses | 18,384.4 | 18,916.9 | 2.9 | % | |||||||
Prepay | 1,440.1 | 1,137.2 | (21.0 | %) | |||||||
Contract | 16,944.3 | 17,779.6 | 4.9 | % | |||||||
M2M | 2,333.2 | 2,620.8 | 12.3 | % | |||||||
Pay TV | 4,091.3 | 4,073.8 | (0.4 | %) | |||||||
Retail Accesses | 37,966.5 | 38,049.5 | 0.2 | % | |||||||
Wholesale Accesses | 3,912.9 | 3,788.2 | (3.2 | %) | |||||||
Total Accesses | 41,879.4 | 41,837.7 | (0.1 | %) |
Millions of euros | ||||||||||||||
TELEFÓNICA SPAIN (1) | 2018 | 2019 | %Reported YoY | %Organic YoY (2) | ||||||||||
Revenues | 12,788 | 12,850 | 0.5 | % | 0.5 | % | ||||||||
Consumer | 6,689 | 6,658 | (0.5 | %) | (0.5 | %) | ||||||||
Convergent | 4,795 | 4,963 | 3.5 | % | 3.5 | % | ||||||||
Non-Convergent | 1,894 | 1,695 | (10.5 | %) | (10.5 | %) | ||||||||
Corporate | 3,462 | 3,509 | 1.4 | % | 1.3 | % | ||||||||
Communications | 2,602 | 2,508 | (3.6 | %) | (3.7 | %) | ||||||||
IT | 860 | 1,002 | 16.5 | % | 16.5 | % | ||||||||
Others | 2,251 | 2,310 | 2.6 | % | 2.7 | % | ||||||||
Other income | 392 | 640 | 63.1 | % | 37.7 | % | ||||||||
Supplies | (3,710) | (4,056) | 9.3 | % | 9.3 | % | ||||||||
Personnel expenses | (2,257) | (3,660) | 62.1 | % | (0.9 | %) | ||||||||
Other expenses | (2,417) | (2,055) | (15.0 | %) | (4.9 | %) | ||||||||
OIBDA | 4,795 | 3,719 | (22.4 | %) | 0.1 | % | ||||||||
Depreciation and amortization | (1,678) | (2,013) | 19.9 | % | 3.7 | % | ||||||||
Operating income (OI) | 3,117 | 1,706 | (45.3 | %) | (1.7 | %) | ||||||||
CapEx | 1,741 | 1,667 | (4.2 | %) | 2.6 | % | ||||||||
OIBDA-CapEx | 3,054 | 2,052 | (32.8 | %) | (1.1 | %) |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||||||||||||||
TELEFÓNICA SPAIN 2019 | %Reported YoY | %Organic YoY | IFRS 16 impact | Perimeter changes | Spain distribution network | Restructuring costs | Gains/losses on sale of companies | Spectrum acquisition | Sale of future credit rights | ||||||||||||||||||||
Revenues | 0.5 | % | 0.5 | % | — | (0.0) | — | — | — | — | — | ||||||||||||||||||
Other income | 63.1 | % | 37.7 | % | (7.8) | 0.0 | — | — | 7.0 | — | 26.3 | ||||||||||||||||||
Supplies | 9.3 | % | 9.3 | % | 0.0 | — | — | — | — | — | — | ||||||||||||||||||
Personnel expenses | 62.1 | % | (0.9 | %) | — | (0.6) | — | 63.6 | — | — | — | ||||||||||||||||||
Other expenses | (15.0 | %) | (4.9 | %) | (11.5) | 0.7 | 0.9 | — | (0.1) | — | — | ||||||||||||||||||
OIBDA | (22.4 | %) | 0.1 | % | 5.2 | (0.1) | (0.5) | (29.9) | 0.6 | — | 2.1 | ||||||||||||||||||
Depreciation and amortization | 19.9 | % | 3.7 | % | 16.4 | (0.2) | — | — | — | — | — | ||||||||||||||||||
Operating income (OI) | (45.3 | %) | (1.7 | %) | (0.9) | 0.0 | (0.7) | (46.0) | 1.0 | — | 3.3 | ||||||||||||||||||
CapEx | (4.2 | %) | 2.6 | % | (0.0) | (0.0) | — | — | — | (6.6) | — | ||||||||||||||||||
OIBDA-CapEx | (32.8 | %) | (1.1 | %) | 8.1 | (0.1) | (0.7) | (47.0) | 1.0 | 3.8 | 3.4 |
ACCESSES | |||||||||||
Thousands of accesses | 2018 | 2019 (1) | % Reported YoY | ||||||||
Fixed telephony accesses (2) | 306.9 | 313.3 | 2.1 | % | |||||||
Internet and data accesses (3) | 28.1 | 28.9 | 2.5 | % | |||||||
Broadband | 28.1 | 28.9 | 2.5 | % | |||||||
Mobile accesses | 25,044.1 | 25,803.3 | 3.0 | % | |||||||
Prepay | 8,742.6 | 8,436.1 | (3.5 | %) | |||||||
Contract | 16,301.4 | 17,367.2 | 6.5 | % | |||||||
M2M | 3,578.0 | 5,118.7 | 43.1 | % | |||||||
Retail Accesses | 25,379.1 | 26,145.5 | 3.0 | % | |||||||
Wholesale Accesses | 7,599.2 | 8,714.7 | 14.7 | % | |||||||
Mobile wholesale accesses | 7,599.2 | 8,714.7 | 14.7 | % | |||||||
Total Accesses | 32,978.3 | 34,860.2 | 5.7 | % |
Millions of euros | ||||||||||||||
TELEFÓNICA UNITED KINGDOM | 2018 | 2019 | %Reported YoY | %Organic YoY (1) | ||||||||||
Revenues | 6,790 | 7,109 | 4.7 | % | 3.8 | % | ||||||||
Mobile business (2) | 6,576 | 6,891 | 4.8 | % | 3.9 | % | ||||||||
Mobile service revenues | 4,837 | 4,805 | (0.7 | %) | (1.5 | %) | ||||||||
Other income | 158 | 186 | 18.0 | % | 17.0 | % | ||||||||
Supplies | (2,359) | (2,521) | 6.9 | % | 8.6 | % | ||||||||
Personnel expenses | (445) | (503) | 12.9 | % | 5.5 | % | ||||||||
Other expenses | (2,279) | (2,157) | (5.3 | %) | 0.6 | % | ||||||||
OIBDA | 1,865 | 2,114 | 13.4 | % | 2.3 | % | ||||||||
Depreciation and amortization | (943) | (1,204) | 27.7 | % | 5.1 | % | ||||||||
Operating income (OI) | 922 | 910 | (1.3 | %) | (0.4 | %) | ||||||||
CapEx | 1,464 | 914 | (37.6 | %) | 3.4 | % | ||||||||
OIBDA-CapEx | 400 | 1,200 | n.m. | 1.4 | % |
YoY variation | Contribution to reported growth (percentage points) | |||||||||||||||||||
TELEFÓNICA UNITED KINGDOM 2019 | % Reported YoY | % Organic YoY | Exchange rate effect | IFRS 16 impact | Restructuring costs | Spectrum acquisition | ||||||||||||||
Revenues | 4.7 | % | 3.8 | % | 0.9 | — | — | — | ||||||||||||
Other income | 18.0 | % | 17.0 | % | 1.0 | — | — | — | ||||||||||||
Supplies | 6.9 | % | 8.6 | % | 0.9 | (2.6) | — | — | ||||||||||||
Personnel expenses | 12.9 | % | 5.5 | % | 1.0 | — | 6.4 | — | ||||||||||||
Other expenses | (5.3 | %) | 0.6 | % | 0.9 | (6.9) | 0.1 | — | ||||||||||||
OIBDA | 13.4 | % | 2.3 | % | 0.9 | 11.8 | (1.6) | — | ||||||||||||
Depreciation and amortization | 27.7 | % | 5.1 | % | 0.9 | 21.7 | — | — | ||||||||||||
Operating income (OI) | (1.3 | %) | (0.4 | %) | 0.8 | 1.6 | (3.3) | — | ||||||||||||
CapEx | (37.6 | %) | 3.4 | % | 0.5 | — | — | (40.2) | ||||||||||||
OIBDA-CapEx | n.m. | 1.4 | % | 2.1 | 54.8 | (7.6) | n.m. |
TELEFÓNICA UNITED KINGDOM | 2018 | 2019 (1) | %Reported YoY | %Organic YoY | ||||||||||
ARPU (EUR) | 15.1 | 14.4 | (4.2 | %) | (5.0 | %) | ||||||||
Prepay | 7.1 | 7.4 | 4.4 | % | 3.5 | % | ||||||||
Contract (2) | 24.6 | 23.7 | (3.6 | %) | (4.4 | %) | ||||||||
Data ARPU (EUR) | 9.2 | 9.0 | (2.7 | %) | (3.5 | %) | ||||||||
% non-SMS over data revenues | 66.6 | % | 68.5 | % | 1.9 p.p. | 2.0p.p. |
ACCESSES | |||||||||||
Thousands of accesses | 2018 | 2019 | % Reported YoY | ||||||||
Fixed telephony accesses (1) | 1,996.0 | 2,129.5 | 6.7 | % | |||||||
Internet and data accesses (2) | 2,274.7 | 2,301.7 | 1.2 | % | |||||||
Broadband | 2,079.8 | 2,206.6 | 6.1 | % | |||||||
VDSL | 1,441.3 | 1,652.0 | 14.6 | % | |||||||
Mobile accesses | 42,818.8 | 43,826.8 | 2.4 | % | |||||||
Prepay | 20,542.9 | 20,096.2 | (2.2 | %) | |||||||
Contract | 22,275.9 | 23,730.6 | 6.5 | % | |||||||
M2M | 1,187.9 | 1,191.8 | 0.3 | % | |||||||
Retail Accesses | 47,089.5 | 48,258.0 | 2.5 | % | |||||||
Total Accesses | 47,089.5 | 48,258.0 | 2.5 | % |
Millions of euros | ||||||||||||||
TELEFÓNICA GERMANY | 2018 | 2019 | %Reported YoY | %Organic YoY (1) | ||||||||||
Revenues | 7,320 | 7,399 | 1.1 | % | 1.1 | % | ||||||||
Mobile Business | 6,539 | 6,647 | 1.6 | % | 1.6 | % | ||||||||
Mobile service revenues | 5,267 | 5,301 | 0.6 | % | 0.6 | % | ||||||||
Fixed Business | 767 | 741 | (3.4 | %) | (3.4 | %) | ||||||||
Other income | 177 | 183 | 3.6 | % | 3.6 | % | ||||||||
Supplies | (2,459) | (2,372) | (3.5 | %) | (1.8 | %) | ||||||||
Personnel expenses | (610) | (592) | (2.9 | %) | 0.0 | % | ||||||||
Other expenses | (2,594) | (2,292) | (11.6 | %) | 5.9 | % | ||||||||
OIBDA | 1,834 | 2,326 | 26.8 | % | (1.1 | %) | ||||||||
Depreciation and amortization | (2,071) | (2,463) | 18.9 | % | (4.8 | %) | ||||||||
Operating income (OI) | (237) | (137) | (42.4 | %) | (52.1 | %) | ||||||||
CapEx | 966 | 2,469 | n.m. | 8.1 | % | |||||||||
OIBDA-CapEx | 868 | (143) | c.s. | (10.3 | %) |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||
TELEFÓNICA GERMANY 2019 | %Reported YoY | %Organic YoY | Restructuring costs | Spectrum acquisition | IFRS 16 impact | ||||||||||||
Revenues | 1.1 | % | 1.1 | % | — | — | — | ||||||||||
Other income | 3.6 | % | 3.6 | % | — | — | — | ||||||||||
Supplies | (3.5 | %) | (1.8 | %) | — | — | (1.7) | ||||||||||
Personnel expenses | (2.9 | %) | 0.0 | % | (2.2) | — | (0.7) | ||||||||||
Other expenses | (11.6 | %) | 5.9 | % | (0.8) | — | (16.6) | ||||||||||
OIBDA | 26.8 | % | (1.1 | %) | 1.9 | — | 26.1 | ||||||||||
Depreciation and amortization | 18.9 | % | (4.8 | %) | — | — | 23.7 | ||||||||||
Operating income (OI) | (42.4 | %) | (52.1 | %) | (14.4) | — | 5.6 | ||||||||||
CapEx | n.m. | 8.1 | % | — | n.m. | — | |||||||||||
OIBDA-CapEx | c.s. | (10.3 | %) | 3.9 | c.s. | 55.1 |
TELEFÓNICA GERMANY | 2018 | 2019 | % Reported YoY | ||||||||
ARPU (EUR) | 10.0 | 10.0 | (0.2 | %) | |||||||
Prepay | 5.8 | 6.0 | 3.2 | % | |||||||
Contract (1) | 14.9 | 14.3 | (4.0 | %) | |||||||
Data ARPU (EUR) | 5.7 | 5.9 | 3.5 | % | |||||||
% non-SMS over data revenues | 84.9 | % | 90.3 | % | 5.4 p.p. |
ACCESSES | |||||||||||
Thousands of accesses | 2018 | 2019 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 13,004.6 | 10,817.0 | (16.8 | %) | |||||||
Internet and data accesses (2) | 7,564.7 | 7,009.2 | (7.3 | %) | |||||||
Broadband | 7,485.2 | 6,938.9 | (7.3 | %) | |||||||
FTTx/Cable | 4,991.1 | 5,022.8 | 0.6 | % | |||||||
Mobile accesses | 73,151.3 | 74,573.1 | 1.9 | % | |||||||
Prepay | 32,754.4 | 31,408.0 | (4.1 | %) | |||||||
Contract | 40,396.9 | 43,165.1 | 6.9 | % | |||||||
M2M | 8,203.3 | 10,089.8 | 23.0 | % | |||||||
Pay TV | 1,566.6 | 1,319.7 | (15.8 | %) | |||||||
Retail Accesses | 95,287.2 | 93,718.9 | (1.6 | %) | |||||||
Wholesale Accesses | 14.8 | 13.4 | (9.9 | %) | |||||||
Total Accesses | 95,302.0 | 93,732.3 | (1.6 | %) |
Millions of euros | ||||||||||||||
TELEFÓNICA BRAZIL | 2018 | 2019 | %Reported YoY | %Organic YoY (1) | ||||||||||
Revenues | 10,126 | 10,035 | (0.9 | %) | 1.9 | % | ||||||||
Mobile Business | 6,372 | 6,498 | 2.0 | % | 4.8 | % | ||||||||
Mobile service revenues | 5,924 | 5,886 | (0.6 | %) | 2.1 | % | ||||||||
Fixed Business | 3,754 | 3,537 | (5.8 | %) | (3.2 | %) | ||||||||
Other income | 312 | 427 | 37.0 | % | 36.0 | % | ||||||||
Supplies | (2,039) | (1,686) | (17.3 | %) | 4.4 | % | ||||||||
Personnel expenses | (1,080) | (1,028) | (4.9 | %) | 3.1 | % | ||||||||
Other expenses | (3,008) | (3,486) | 15.9 | % | 1.1 | % | ||||||||
OIBDA | 4,311 | 4,262 | (1.1 | %) | 3.7 | % | ||||||||
Depreciation and amortization | (1,990) | (2,516) | 26.4 | % | 8.0 | % | ||||||||
Operating income (OI) | 2,321 | 1,746 | (24.8 | %) | (1.0 | %) | ||||||||
CapEx | 1,910 | 2,005 | 4.9 | % | 7.9 | % | ||||||||
OIBDA-CapEx | 2,401 | 2,257 | (6.0 | %) | (0.6 | %) |
YoY variation | Contribution to reported growth (percentage points) | |||||||||||||||||||||||||||||||
TELEFÓNICA BRAZIL 2019 | %Reported YoY | %Organic YoY | Exchange rate effect | IFRS 16 impact | Restruc-turing costs | Contingen-cies | Gains/losses on sale of companies | Spectrum acquisition | Perimeter change | Judicial decision PIS/COFINS | ||||||||||||||||||||||
Revenues | (0.9 | %) | 1.9 | % | (2.7) | — | — | — | — | — | — | — | ||||||||||||||||||||
Other income | 37.0 | % | 36.0 | % | (3.8) | — | — | — | 4.8 | — | — | — | ||||||||||||||||||||
Supplies | (17.3 | %) | 4.4 | % | (2.8) | (18.9) | — | — | — | — | — | — | ||||||||||||||||||||
Personnel expenses | (4.9 | %) | 3.1 | % | (2.6) | — | (4.3) | (0.9) | — | — | — | — | ||||||||||||||||||||
Other expenses | 15.9 | % | 1.1 | % | (3.3) | (1.5) | — | (6.9) | — | — | 0.0 | 26.2 | ||||||||||||||||||||
OIBDA | (1.1 | %) | 3.7 | % | (2.5) | 10.0 | 1.1 | 5.0 | 0.3 | — | (0.0) | (18.3) | ||||||||||||||||||||
Depreciation and amortization | 26.4 | % | 8.0 | % | (2.9) | 21.4 | — | — | — | — | (0.1) | — | ||||||||||||||||||||
Operating income (OI) | (24.8 | %) | (1.0 | %) | (2.1) | 0.2 | 2.0 | 9.3 | 0.6 | — | — | (34.0) | ||||||||||||||||||||
CapEx | 4.9 | % | 7.9 | % | (2.9) | — | — | — | — | (0.1) | — | — | ||||||||||||||||||||
OIBDA-CapEx | (6.0 | %) | (0.6 | %) | (2.1) | 18.0 | 1.9 | 9.0 | 0.6 | 0.1 | (0.1) | (32.9) |
TELEFÓNICA BRAZIL | 2018 | 2019 | % Reported YoY | %Local Currency YoY | ||||||||||
ARPU (EUR) | 6.4 | 6.4 | 0.4 | % | 2.2 | % | ||||||||
Prepay | 2.8 | 2.9 | 0.4 | % | 3.2 | % | ||||||||
Contract (1) | 11.9 | 11.6 | (2.5 | %) | (1.0 | %) | ||||||||
Data ARPU (EUR) | 4.9 | 5.1 | 4.6 | % | 6.1 | % | ||||||||
% non-SMS over data revenues | 94.2 | % | 95.3 | % | 1.1 p.p. | 1.1 p.p. |
ACCESSES | |||||||||||
Thousands of accesses | 2018 | 2019 | %Reported YoY | ||||||||
Fixed telephony accesses (1) | 10,102.2 | 8,804.2 | (12.8 | %) | |||||||
Internet and data accesses (2) | 5,997.5 | 5,713.2 | (4.7 | %) | |||||||
Broadband | 5,855.0 | 5,564.7 | (5.0 | %) | |||||||
FTTx/Cable | 2,794.5 | 3,249.6 | 16.3 | % | |||||||
Mobile accesses | 98,463.7 | 93,137.8 | (5.4 | %) | |||||||
Prepay | 72,745.6 | 67,290.9 | (7.5 | %) | |||||||
Contract | 25,718.1 | 25,846.9 | 0.5 | % | |||||||
M2M | 3,270.7 | 3,603.2 | 10.2 | % | |||||||
Pay TV | 3,184.5 | 3,015.2 | (5.3 | %) | |||||||
Retail Accesses | 117,748.0 | 110,670.3 | (6.0 | %) | |||||||
Total Accesses | 117,771.7 | 110,691.5 | (6.0 | %) |
Millions of euros | ||||||||||||||
TELEFÓNICA HISPAM | 2018 | 2019 | %Reported YoY | %Organic YoY (1) | ||||||||||
Revenues | 9,939 | 9,650 | (2.9 | %) | 9.7 | % | ||||||||
Mobile Business | 6,471 | 6,210 | (4.0 | %) | 8.5 | % | ||||||||
Mobile service revenues | 5,103 | 4,795 | (6.0 | %) | 6.9 | % | ||||||||
Fixed Business | 3,468 | 3,435 | (1.0 | %) | 13.4 | % | ||||||||
Other income | 343 | 645 | 87.8 | % | 104.1 | % | ||||||||
Supplies | (3,071) | (2,832) | (7.8 | %) | 10.6 | % | ||||||||
Personnel expenses | (1,261) | (1,458) | 15.7 | % | 19.5 | % | ||||||||
Other expenses | (3,692) | (3,972) | 7.6 | % | 17.4 | % | ||||||||
OIBDA | 2,258 | 2,033 | (10.0 | %) | 6.6 | % | ||||||||
Depreciation and amortization | (2,006) | (2,268) | 13.0 | % | 0.5 | % | ||||||||
Operating income (loss) | 252 | (235) | c.s. | 18.1 | % | |||||||||
CapEx | 1,681 | 1,485 | (11.7 | %) | 3.9 | % | ||||||||
OIBDA-CapEx | 577 | 548 | (5.1) | % | 10.0 | % |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||||||||||||||||||||
TELEFÓNICA HISPAM 2019 | % Reported YoY | % Organic YoY | Exchange rate effect and hyperinflation | Restruc-turing costs | Perimeter changes | Capital gains/losses on sale of companies | Spectrum acquisition | IFRS 16 | Transformation T.Mexico | Impairment of goodwill | Reported variation of T. Venezolana | ||||||||||||||||||||||||
Revenues | (2.9 | %) | 9.7 | % | (13.5) | — | — | — | — | 0.0 | — | — | 0.6 | ||||||||||||||||||||||
Other income | 87.8 | % | n.m. | (3.9) | — | — | 17.4 | — | (57.9) | 26.4 | — | 0.0 | |||||||||||||||||||||||
Supplies | (7.8 | %) | 10.6 | % | (10.0) | — | — | — | — | (8.9) | — | — | 0.4 | ||||||||||||||||||||||
Personnel expenses | 15.7 | % | 19.5 | % | (29.5) | 21.7 | — | — | — | — | 3.3 | — | 0.6 | ||||||||||||||||||||||
Other expenses | 7.6 | % | 17.4 | % | (10.9) | — | 0.1 | 0.3 | — | (2.6) | 7.5 | (3.9) | 0.9 | ||||||||||||||||||||||
OIBDA | (10.0 | %) | 6.6 | % | (12.3) | (12.1) | (0.1) | 2.2 | — | 7.5 | (10.0) | 6.4 | 0.3 | ||||||||||||||||||||||
Depreciation and amortization | 13.0 | % | 0.5 | % | (2.7) | — | (0.1) | — | — | 17.2 | 1.1 | — | (2.9) | ||||||||||||||||||||||
Operating income (OI) | c.s. | 18.1 | % | (88.3) | n.m. | — | 19.5 | — | (69.9) | (98.9) | 57.3 | 25.9 | |||||||||||||||||||||||
CapEx | (11.7 | %) | 3.9 | % | (10.5) | — | — | — | (5.9) | — | — | — | 1.1 | ||||||||||||||||||||||
OIBDA-CapEx | (5.1 | %) | 10.0 | % | (17.3) | (47.5) | (0.4) | 8.5 | 17.2 | 29.3 | (39.3) | 25.0 | (1.8) |
TELXIUS GROUP | |||||||||||
Units | 2018 | 2019 | %Reported YoY | ||||||||
Towers | 16,679.0 | 18,348.0 | 10.0 | % | |||||||
Tenants | 22,639.0 | 24,911.0 | 10.0 | % | |||||||
Non anchor tenants | 5,960.0 | 6,563.0 | 10.1 | % | |||||||
Tenancy ratio | 1.36x | 1.36x | (0.00x) |
Millions of euros | ||||||||||||||
TELXIUS GROUP | 2018 | 2019 | %Reported YoY | %Organic YoY (1) | ||||||||||
Revenues | 792 | 842 | 6.4 | % | 4.9 | % | ||||||||
Other income | 11 | 11 | 0.6 | % | (1.0) | % | ||||||||
Supplies | (252) | (171) | (31.9 | %) | 4.6 | % | ||||||||
Personnel expenses | (44) | (48) | 10.3 | % | 7.7 | % | ||||||||
Other expenses | (137) | (130) | (5.4 | %) | 1.3 | % | ||||||||
OIBDA | 370 | 504 | 36.1 | % | 5.9 | % | ||||||||
Depreciation and amortization | (125) | (249) | 99.6 | % | 10.3 | % | ||||||||
Operating income (OI) | 245 | 255 | 3.8 | % | 3.7 | % | ||||||||
CapEx | 181 | 284 | 56.5 | % | 53.7 | % | ||||||||
OIBDA-CapEx | 189 | 220 | 16.6 | % | (39.9) | % |
YoY variation | Contribution to reported growth (percentage points) | ||||||||||||||||
TELXIUS GROUP 2019 | %Reported YoY | %Organic YoY | Exchange rate effect and hyperinflation | IFRS 16 | Restructuring costs | ||||||||||||
Revenues | 6.4 | % | 4.9 | % | 1.5 | — | — | ||||||||||
Other income | 0.6 | % | (1.0 | %) | 1.5 | 0.1 | — | ||||||||||
Supplies | (31.9 | %) | 4.6 | % | 1.2 | (37.7) | — | ||||||||||
Personnel expenses | 10.3 | % | 7.7 | % | 1.5 | — | 1.1 | ||||||||||
Other expenses | (5.3 | %) | 1.3 | % | 2.6 | (6.9) | — | ||||||||||
OIBDA | 36.1 | % | 5.9 | % | 2.2 | 28.2 | (0.1) | ||||||||||
Depreciation and amortization | 99.6 | % | 10.3 | % | (0.2) | — | — | ||||||||||
Operating income (OI) | 3.8 | % | 3.7 | % | 1.2 | (0.9) | (0.2) | ||||||||||
CapEx | 56.5 | % | 53.7 | % | 2.7 | — | — | ||||||||||
OIBDA-CapEx | 16.6 | % | (39.9 | %) | 1.7 | 55.2 | (0.2) |
2018 (1) | 2019 (1) | 2020 (1) | % change 2018 to 2019 | % change 2019 to 2020 | |||||||||||||
Average | Average | Average | Average | Average | |||||||||||||
Pound Sterling | 0.88 | 0.88 | 0.89 | (0.86 | %) | 1.34 | % | ||||||||||
U.S. Dollar | 1.18 | 1.12 | 1.14 | (5.14 | %) | 1.85 | % | ||||||||||
Brazilian Real | 4.29 | 4.41 | 5.81 | 2.77 | % | 31.72 | % | ||||||||||
Argentine Peso (2) | 43.30 | 67.26 | 103.23 | 55.32 | % | 53.48 | % | ||||||||||
Peruvian Nuevo Sol | 3.88 | 3.73 | 3.98 | (3.69 | %) | 6.50 | % | ||||||||||
Chilean Peso | 756.46 | 785.32 | 901.81 | 3.82 | % | 14.83 | % | ||||||||||
Mexican Peso | 22.69 | 21.55 | 24.36 | (5.03 | %) | 13.05 | % | ||||||||||
Venezuelan Bolivar Soberano (2) | 8,710.80 | 76,863.86 | 1,749,652.92 | n.m. | n.m. | ||||||||||||
Colombian Peso | 3,485.23 | 3,670.09 | 4,197.73 | 5.30 | % | 14.38 | % |
2018 | 2019 | 2020 | |||||||||
(millions of euros) | |||||||||||
Net cash from operating activities | 13,423 | 15,022 | 13,196 | ||||||||
Net cash used in investing activities | (8,685) | (5,641) | (7,790) | ||||||||
Net cash used in financing activities | (3,880) | (9,021) | (5,438) |
Millions of euros | ||||||||||||||||||||||||||
Current | Non-current | |||||||||||||||||||||||||
Maturity | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Non-current total | Total | ||||||||||||||||||
Debentures and bonds | 4,832 | 3,683 | 2,301 | 1,138 | 3,075 | 23,720 | 33,917 | 38,749 | ||||||||||||||||||
Promissory notes & commercial paper | 1,551 | — | 140 | 263 | 319 | — | 722 | 2,273 | ||||||||||||||||||
Total Issues | 6,383 | 3,683 | 2,441 | 1,401 | 3,394 | 23,720 | 34,639 | 41,022 | ||||||||||||||||||
Loans and other payables | 1,045 | 216 | 755 | 436 | 967 | 1,116 | 3,490 | 4,535 | ||||||||||||||||||
Derivative instruments | 695 | 344 | 136 | 155 | 74 | 3,459 | 4,168 | 4,863 | ||||||||||||||||||
Total | 8,123 | 4,243 | 3,332 | 1,992 | 4,435 | 28,295 | 42,297 | 50,420 |
Payments Due by Period | |||||||||||||||||
Millions of euros | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | ||||||||||||
Financial liabilities (1) | 50,420 | 8,123 | 7,575 | 6,427 | 28,295 | ||||||||||||
Lease liabilities (2) | 5,294 | 1,255 | 1,836 | 1,172 | 1,031 | ||||||||||||
Purchase and other contractual obligations (3) | 10,137 | 3,939 | 4,266 | 1,027 | 905 | ||||||||||||
Other liabilities (4) | 1,894 | 342 | 1,552 | — | — | ||||||||||||
Total | 67,745 | 13,659 | 15,229 | 8,626 | 30,231 |
Year ended December 31, | |||||||||||
Millions of euros | 2018 | 2019 | 2020 | ||||||||
Operating income | 6,522 | 4,537 | 4,139 | ||||||||
Depreciation and amortization | (9,049) | (10,582) | (9,359) | ||||||||
Operating income before depreciation and amortization | 15,571 | 15,119 | 13,498 |
2018 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Operating income | 3,117 | 922 | (237) | 2,321 | 252 | 245 | (61) | (37) | 6,522 | ||||||||||||||||||||
Depreciation and amortization | (1,678) | (943) | (2,071) | (1,990) | (2,006) | (125) | (275) | 39 | (9,049) | ||||||||||||||||||||
Operating income before depreciation and amortization | 4,795 | 1,865 | 1,834 | 4,311 | 2,258 | 370 | 214 | (76) | 15,571 |
2019 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Operating income | 1,706 | 910 | (137) | 1,746 | (235) | 255 | 404 | (112) | 4,537 | ||||||||||||||||||||
Depreciation and amortization | (2,013) | (1,204) | (2,463) | (2,516) | (2,268) | (249) | (136) | 267 | (10,582) | ||||||||||||||||||||
Operating income before depreciation and amortization | 3,719 | 2,114 | 2,326 | 4,262 | 2,033 | 504 | 540 | (379) | 15,119 |
2020 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Operating income | 2,862 | 1,675 | (85) | 1,223 | (1,284) | 251 | (360) | (143) | 4,139 | ||||||||||||||||||||
Depreciation and amortization | (2,184) | (389) | (2,394) | (1,965) | (2,274) | (269) | (199) | 315 | (9,359) | ||||||||||||||||||||
Operating income before depreciation and amortization | 5,046 | 2,064 | 2,309 | 3,188 | 990 | 520 | (161) | (458) | 13,498 |
Year ended December 31, | |||||||||||
Millions of euros | 2018 | 2019 | 2020 | ||||||||
Operating income | 6,522 | 4,537 | 4,139 | ||||||||
Depreciation and amortization | (9,049) | (10,582) | (9,359) | ||||||||
OIBDA | 15,571 | 15,119 | 13,498 | ||||||||
Capital expenditures in intangible assets | (1,978) | (2,733) | (1,266) | ||||||||
Capital expenditures in property, plant and equipment | (6,141) | (6,051) | (4,595) | ||||||||
CapEx | (8,119) | (8,784) | (5,861) | ||||||||
OIBDA-CapEx | 7,452 | 6,335 | 7,637 | ||||||||
Spectrum acquisitions | 868 | 1,501 | 126 | ||||||||
OIBDA-CapEx excluding spectrum acquisitions | 8,320 | 7,836 | 7,763 |
Millions of euros | 12/31/2019 | 12/31/2020 | ||||||
Non-current financial liabilities | 43,288 | 42,297 | ||||||
Current financial liabilities | 9,076 | 8,123 | ||||||
Gross financial debt | 52,364 | 50,420 | ||||||
Cash and cash equivalents | (6,042) | (5,604) | ||||||
Other current financial assets | (3,118) | (2,489) | ||||||
Cash and other current financial assets included in "Non-current assets and disposal groups held for sale" (see Note 30 to the Consolidated Financial Statements) | (24) | (958) | ||||||
Positive mark-to-market value of long-term derivative instruments | (3,389) | (3,666) | ||||||
Other liabilities included in "Payables and other non-current liabilities" | 401 | 304 | ||||||
Other liabilities included in "Payables and other current liabilities" | 73 | 60 | ||||||
Other assets included in "Financial assets and other non-current assets" | (904) | (1,471) | ||||||
Other assets included in "Receivables and other current assets" | (813) | (320) | ||||||
Other current assets included in "Tax receivables" | (452) | — | ||||||
Financial liabilities included in "Liabilities associated with non-current assets and disposal groups held for sale" (see Note 30 to the Consolidated Financial Statements) | 36 | — | ||||||
Mark-to-market adjustment by cash flow hedging activities related to debt | (388) | (1,048) | ||||||
Net financial debt | 37,744 | 35,228 | ||||||
Lease liabilities | 7,379 | 6,469 | ||||||
Net financial debt plus leases | 45,123 | 41,697 | ||||||
Gross commitments related to employee benefits | 6,711 | 5,841 | ||||||
Value of associated long-term assets | (75) | (122) | ||||||
Tax benefits | (1,739) | (1,513) | ||||||
Net commitments related to employee benefits | 4,897 | 4,206 | ||||||
Net financial debt plus commitments | 42,641 | 39,434 | ||||||
Net financial debt plus leases plus commitments (*) | 50,020 | 45,903 | ||||||
(*) Includes assets and liabilities considered to be Net financial debt plus leases plus commitments related to employee benefits for companies classified as held for sale (see Note 30 to the Consolidated Financial Statements). |
Millions of euros | 2018 | 2019 | 2020 | ||||||||
Net cash flow provided by operating activities | 13,423 | 15,022 | 13,196 | ||||||||
(Payments on investments)/Proceeds from the sale of investments in property, plant and equipment and intangible assets, net | (8,585) | (7,659) | (7,020) | ||||||||
Government grants received | 37 | — | — | ||||||||
Dividends paid to non-controlling interests | (746) | (686) | (471) | ||||||||
Payments for commitments related to employee benefits | 775 | 840 | 963 | ||||||||
Payments of financed spectrum without explicit interest | — | (87) | (87) | ||||||||
Free Cash Flow excluding lease principal payments | n/a | 7,430 | 6,581 | ||||||||
Lease principal payments | n/a | (1,518) | (1,787) | ||||||||
Free Cash Flow | 4,904 | 5,912 | 4,794 |
Name | Age | First Appointed | Current Term Ends | ||||||||
Chairman | |||||||||||
Mr. José María Álvarez-Pallete López (1) | 57 | 2006 | 2021 | ||||||||
Vice-Chairmen | |||||||||||
Mr. Isidro Fainé Casas (1)(2) | 78 | 1994 | 2024 | ||||||||
Mr. José María Abril Pérez (1)(3)(6) | 68 | 2007 | 2022 | ||||||||
Mr. José Javier Echenique Landiríbar (1)(4)(7) | 69 | 2016 | 2024 | ||||||||
Members | |||||||||||
Mr. Ángel Vilá Boix (1) | 56 | 2017 | 2022 | ||||||||
Mr. Juan Ignacio Cirac Sasturain (6)(8) | 55 | 2016 | 2024 | ||||||||
Mr. Peter Erskine (1)(6)(7) | 69 | 2006 | 2024 | ||||||||
Ms. Sabina Fluxà Thienemann | 40 | 2016 | 2024 | ||||||||
Ms. Carmen García de Andrés (4)(8) | 58 | 2017 | 2021 | ||||||||
Ms. María Luisa García Blanco (5)(7) | 55 | 2018 | 2022 | ||||||||
Mr. Jordi Gual Solé (2)(5)(6) | 63 | 2018 | 2022 | ||||||||
Mr. Peter Löscher (1)(4)(7) | 63 | 2016 | 2024 | ||||||||
Mr. Ignacio Moreno Martínez (3)(4)(5)(8) | 63 | 2011 | 2021 | ||||||||
Ms. Verónica Pascual Boé (6) | 42 | 2019 | 2024 | ||||||||
Mr. Francisco Javier de Paz Mancho (1)(5)(7)(8) | 62 | 2007 | 2022 | ||||||||
Mr. Francisco José Riberas Mera | 56 | 2017 | 2021 | ||||||||
Ms. Claudia Sender Ramírez (6)(8) | 46 | 2019 | 2024 |
Executive Chairman and Chief Operating Officer | |||||
Term | Indefinite | ||||
Prior notice | There is an obligation to provide prior notice in the event of the contract being terminated due to a unilateral decision adopted by the Chief Operating Officer, being stipulated that he must notify the unilateral decision in writing with at least three months’ prior notice, except in cases of force majeure. If this obligation is not fulfilled, he must pay the company an amount equivalent to the Fixed Remuneration for the period of prior notice not observed. | ||||
Exclusivity | The contracts prohibit during the term thereof the signing (whether directly or through intermediaries) of any employment, commercial or civil contracts with other companies or institutions that engage in activities similar in nature to those of Telefónica. | ||||
Non-competition clause | The contract states the relationship is compatible with holding representative, administrative and management posts and other professional positions in other companies in the Telefónica Group or in any other undertakings unrelated to the company when expressly notified to the Nominating, Compensation and Corporate Governance Committee and the Board of Directors. In addition, it states that the relationship is incompatible, during the term of the clause (two years after the termination of the contract for any reason) with directly or indirectly rendering services, on an employed or self-employed basis, by themselves or through third parties, to any Spanish or foreign companies that engage in activities identical or similar to those of Telefónica. | ||||
Confidentiality | While the relationship remains in force and also after the termination thereof, there is a duty of confidentiality regarding any information, data and any kinds of reserved and confidential documents they have knowledge of or to which they have had access as a result of holding their positions. | ||||
Compliance with the regulatory system | The contracts include the obligation to abide by the rules and obligations set out within Telefónica’s regulatory system, which are contained, among other regulations, in the Board of Directors Regulations and Telefónica’s Internal Stock Market Conduct Regulations. |
Name | Position | Appointed | Age | ||||||||
Mr. José María Álvarez-Pallete López | Chairman of the Board of Directors and Chief Executive Officer | 2016 | 57 | ||||||||
Mr. Ángel Vilá Boix | Chief Operating Officer | 2017 | 56 | ||||||||
Mr. Pablo de Carvajal González | General Secretary, Secretary of the Board of Directors and Director Global of Regulation | 2018 | 57 | ||||||||
Ms. Laura Abasolo García de Baquedano | Chief Finance, Control and Corporate Development Officer | 2017 | 48 | ||||||||
Mr. Eduardo Navarro de Carvalho | Chief Strategy and Corporate Affairs Officer | 2019 | 58 | ||||||||
Mr. Juan Francisco Gallego Arrechea | General Manager of Internal Audit | 2016 | 54 |
Name or corporate name of director | Number of direct voting rights | Number of indirect voting rights | % of total voting rights | ||||||||
Mr. José María Álvarez-Pallete López | 1,812,359 | — | 0.033 | ||||||||
Mr. Isidro Fainé Casas | 654,643 | — | 0.012 | ||||||||
Mr. José María Abril Pérez | 269,876 | 346,873 | 0.011 | ||||||||
Mr. José Javier Echenique Landiríbar | 133,580 | 55,759 | 0.003 | ||||||||
Mr. Ángel Vilá Boix | 418,218 | — | 0.008 | ||||||||
Mr. Juan Ignacio Cirac Sasturain | — | — | — | ||||||||
Mr. Peter Erskine | 42,962 | — | 0.001 | ||||||||
Ms. Sabina Fluxà Thienemann | — | — | — | ||||||||
Ms. Verónica Pascual Boé | — | — | — | ||||||||
Ms. Carmen García de Andrés | 773 | — | — | ||||||||
Ms. María Luisa García Blanco | — | 32,986 | 0.001 | ||||||||
Mr. Jordi Gual González | — | — | — | ||||||||
Mr. Peter Löscher | 159,434 | — | 0.003 | ||||||||
Mr. Ignacio Moreno Martínez | 20,131 | — | — | ||||||||
Mr. Francisco Javier de Paz Mancho | 71,317 | — | 0.001 | ||||||||
Mr. Francisco José Riberas Mera | — | 12,014,980 | 0.217 | ||||||||
Ms. Claudia Sender Ramírez | — | — | — |
Name of Beneficial Owner | % of shares carrying voting rights | % of voting rights through financial instruments | % of total voting rights | ||||||||||||||
Direct | Indirect | Direct | Indirect | ||||||||||||||
Banco Bilbao Vizcaya Argentaria, S.A.(1) | 4.94 | 0.02 | 0.00 | 0.00 | 4.96% | ||||||||||||
CaixaBank, S.A.(2) | 4.70 | 0.00 | 0.00 | 0.00 | 4.70% | ||||||||||||
BlackRock, Inc.(3) | 0.00 | 4.52 | 0.00 | 0.16 | 4.68% |
Year ended December 31, | Dividends per share (euro) | ||||
2020 (1) | 0.40 | ||||
2019 (2) | 0.40 | ||||
2018 (3) | 0.40 | ||||
2017 (4) | 0.40 | ||||
2016 (5) | 0.55 |
Category | Depositary Actions | Associated Fee / Paid By Whom | ||||||
(a) Depositing or substituting the underlying shares | Issuance of ADSs upon the deposit of shares | Up to 5.00 dollars for each 100 ADSs (or portion thereof) evidenced by the new ADSs delivered (charged to person depositing the shares or receiving the ADSs)(1) | ||||||
(b) Receiving or distributing dividends | Distribution of cash dividends or other cash distributions; distribution of share dividends or other free share distributions; distribution of securities other than ADSs or rights to purchase additional ADSs | Up to 5.00 dollars for each 100 ADSs (or portion thereof) held (in the case of cash distributions, deducted from the relevant distribution; in the case of all other distributions, billed to the relevant holder)(2) | ||||||
(c) Selling or exercising rights | Distribution or sale of securities | Up to 5.00 dollars for each 100 ADSs (or portion thereof) held (billed to the relevant holder) | ||||||
(d) Withdrawing an underlying security | Acceptance of ADSs surrendered for withdrawal of deposited securities | Up to 5.00 dollars for each 100 ADSs (or portion thereof) evidenced by the ADSs surrendered (charged to person surrendering or to person to whom withdrawn securities are being delivered)(1) | ||||||
(e) Transferring, splitting or grouping receipts | Transfers | Up to 1.50 dollars per ADS so presented (charged to person presenting certificate for transfer) | ||||||
(f) General depositary services, particularly those charged on an annual basis | Other services performed by the Depositary in administering the ADSs | Up to 5.00 dollars for each 100 ADSs (or portion thereof) held on the applicable record date (billed to person holding ADSs on applicable record date established by the Depositary)(2) |
(g) Expenses of the Depositary | Certain fees and expenses incurred by the depositary bank and certain taxes and governmental charges in connection with: · compliance with foreign exchange control regulations or any law or regulation relating to foreign investment; · the Depositary or its custodian’s compliance with applicable law, rule or regulation; · stock transfer or other taxes and other governmental charges; · cable, telex, facsimile transmission/delivery; · expenses of the Depositary in connection with the conversion of foreign currency into U.S. dollars (which are paid out of such foreign currency); · any other charge payable by Depositary or its agents. | Expenses payable at the sole discretion of the Depositary (billed or deducted from cash distributions to person holding ADSs on applicable record date established by the Depositary) |
Period of Fiscal Year | Total Number of Shares Purchased | Average Price Paid per Share (euro) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet be Purchased under the Plans or Programs | ||||||||||
January 1 to January 31 | 1,707,651 | 6.20 | — | — | ||||||||||
February 1 to February 28 | — | — | — | — | ||||||||||
March 1 to March 31 | — | — | — | — | ||||||||||
April 1 to April 30 | — | — | — | — | ||||||||||
May 1 to May 31 | — | — | — | — | ||||||||||
June 1 to June 30 | — | — | — | — | ||||||||||
July 1 to July 31 | — | — | — | — | ||||||||||
August 1 to August 31 | 30,633,198 | 3.57 | — | — | ||||||||||
September 1 to September 30 | 31,068,769 | 3.15 | — | — | ||||||||||
October 1 to October 31 | — | — | — | — | ||||||||||
November 1 to November 30 | 4,300,000 | 2.89 | — | — | ||||||||||
December 1 to December 31 | 930,682 | 3.29 | — | — | ||||||||||
Total | 68,640,300 | 3.40 | — | — |
Exhibit Number | Description | ||||
Amended and Restated bylaws (English translation) | |||||
Description of registrant's securities | |||||
Agreement for the Sale and Purchase of Customer Relationship Management business, Atento, dated October 11, 2012 * | |||||
2018 Long-Term Incentive Plan Terms** | |||||
Subsidiaries of Telefónica (see Note 1 to the Consolidated Financial Statements and Appendix I thereto) | |||||
Contribution Agreement, dated May 7, 2020, by and among Telefónica, S.A., Telefónica O2 Holdings Limited, Liberty Global, plc., Liberty Global Europe 2 Limited and Liberty Global Holdco Limited *** | |||||
Agreement for the sale and purchase of the towers Europe division of Telxius Telecom, S.A. dated January 13, 2021, between Telxius Telecom, S.A. and American Tower International, Inc.*** | |||||
Agreement for the sale and purchase of the towers Latam division of Telxius Telecom, S.A. dated January 13, 2021, between Telxius Telecom, S.A. and American Tower International, Inc.*** | |||||
Certification of José María Álvarez-Pallete López, Chairman and Chief Executive Officer of Telefónica, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |||||
Certification of Laura Abasolo García de Baquedano, Chief Finance, Control and Corporate Development Officer of Telefónica, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |||||
Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |||||
Consent of PricewaterhouseCoopers Auditores, S.L. | |||||
101 | Interactive Data File |
* | Incorporated by reference to Telefónica’s Annual Report on Form 20-F for the fiscal year ended December 31, 2012. | |||||||
** | Incorporated by reference to Telefónica’s Annual Report on Form 20-F for the fiscal year ended December 31, 2018. | |||||||
*** | Schedules and/or attachments to the agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K but will be provided to the U.S. Securities and Exchange Commission or its staff upon request. |
TELEFÓNICA, S.A. | ||||||||
By: | /s/ José María Álvarez-Pallete López | |||||||
Name: José María Álvarez-Pallete López | ||||||||
Title: Chairman and Chief Executive Officer | ||||||||
TELEFÓNICA, S.A. | ||||||||
By: | /s/ Laura Abasolo García de Baquedano | |||||||
Name: Laura Abasolo García de Baquedano | ||||||||
Title: Chief Finance, Control and Corporate Development Officer |
Consolidated Statements of financial position | |||||||||||
Millions of euros | Notes | 2020 | 2019 | ||||||||
ASSETS | |||||||||||
A) NON-CURRENT ASSETS | |||||||||||
Intangible assets | (Note 6) | ||||||||||
Goodwill | (Note 7) | ||||||||||
Property, plant and equipment | (Note 8) | ||||||||||
Rights of use | (Note 9) | ||||||||||
Investments accounted for by the equity method | (Note 10) | ||||||||||
Financial assets and other non-current assets | (Note 12) | ||||||||||
Deferred tax assets | (Note 25) | ||||||||||
B) CURRENT ASSETS | |||||||||||
Inventories | (Note 13) | ||||||||||
Receivables and other current assets | (Note 14) | ||||||||||
Tax receivables | (Note 25) | ||||||||||
Other current financial assets | (Note 15) | ||||||||||
Cash and cash equivalents | (Note 16) | ||||||||||
Non-current assets and disposal groups held for sale | (Note 30) | ||||||||||
TOTAL ASSETS (A+B) | |||||||||||
Notes | 2020 | 2019 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
A) EQUITY | |||||||||||
Equity attributable to equity holders of the parent and other holders of equity instruments | (Note 17) | ||||||||||
Equity attributable to non-controlling interests | (Note 17) | ||||||||||
B) NON-CURRENT LIABILITIES | |||||||||||
Non-current financial liabilities | (Note 18) | ||||||||||
Non-current lease liabilities | (Note 20) | ||||||||||
Payables and other non-current liabilities | (Note 21) | ||||||||||
Deferred tax liabilities | (Note 25) | ||||||||||
Non-current provisions | (Note 24) | ||||||||||
C) CURRENT LIABILITIES | |||||||||||
Current financial liabilities | (Note 18) | ||||||||||
Current lease liabilities | (Note 20) | ||||||||||
Payables and other current liabilities | (Note 22) | ||||||||||
Current tax payables | (Note 25) | ||||||||||
Current provisions | (Note 24) | ||||||||||
Liabilities associated with non-current assets and disposal groups held for sale | (Note 30) | ||||||||||
TOTAL EQUITY AND LIABILITIES (A+B+C) |
Consolidated income statements | ||||||||||||||
Millions of euros | Notes | 2020 | 2019 | 2018 | ||||||||||
Revenues | (Note 26) | |||||||||||||
Other income | (Note 26) | |||||||||||||
Supplies | ( | ( | ( | |||||||||||
Personnel expenses | (Note 26) | ( | ( | ( | ||||||||||
Other expenses | (Note 26) | ( | ( | ( | ||||||||||
Depreciation and amortization | (Note 26) | ( | ( | ( | ||||||||||
OPERATING INCOME | ||||||||||||||
Share of income (loss) of investments accounted for by the equity method | (Note 10) | |||||||||||||
Finance income | ||||||||||||||
Exchange gains | ||||||||||||||
Finance costs | ( | ( | ( | |||||||||||
Exchange losses | ( | ( | ( | |||||||||||
Net financial expense | (Note 19) | ( | ( | ( | ||||||||||
PROFIT BEFORE TAX | ||||||||||||||
Corporate income tax | (Note 25) | ( | ( | ( | ||||||||||
PROFIT FOR THE YEAR | ||||||||||||||
Attributable to equity holders of the parent | ||||||||||||||
Attributable to non-controlling interests | (Note 17) | |||||||||||||
Basic and diluted earnings per share attributable to equity holders of the parent (euros) | (Note 26) |
Consolidated Statements of comprehensive income | 2020 | 2019 (*) | 2018 (*) | ||||||||
Millions of euros | |||||||||||
Profit for the year | |||||||||||
Other comprehensive (loss) income | ( | ( | ( | ||||||||
Gains (losses) from financial assets measured at Fair value through other comprehensive income | |||||||||||
Income tax impact | ( | ||||||||||
Reclassification of (gains) losses included in the income statement (Note 19) | ( | ||||||||||
Income tax impact | |||||||||||
( | |||||||||||
(Losses) gains on hedges | ( | ||||||||||
Income tax impact | ( | ( | |||||||||
Reclassification of losses (gains) included in the income statement (Note 19) | ( | ( | |||||||||
Income tax impact | ( | ||||||||||
( | |||||||||||
(Losses) gains on hedges costs | ( | ( | |||||||||
Income tax impact | ( | ||||||||||
Reclassification of (gains) losses included in the income statement (Note 19) | ( | ( | ( | ||||||||
Income tax impact | |||||||||||
( | ( | ||||||||||
Share of (losses) gains recognized directly in equity of associates and others | ( | ||||||||||
Income tax impact | |||||||||||
Reclassification of (gains) losses included in the income statement | ( | ||||||||||
Income tax impact | |||||||||||
( | ( | ||||||||||
Translation differences (Note 17) | ( | ( | ( | ||||||||
Total other comprehensive (loss) income recognized for the year that may be reclassified subsequently to profit or loss | ( | ( | ( | ||||||||
Actuarial gains (losses) and impact of limit on assets for defined benefit pension plans | ( | ||||||||||
Income tax impact | ( | ||||||||||
Reclassification to reserve actuarial losses (gains) and impact of limit on assets for defined benefit pension plans (Note 2) | |||||||||||
( | |||||||||||
(Losses) gains from financial assets measured at fair value through comprehensive income | ( | ( | ( | ||||||||
Income tax impact | ( | ( | ( | ||||||||
( | ( | ( | |||||||||
Total other comprehensive (loss) income recognized for the year that will not be reclassified subsequently to profit or loss | ( | ( | |||||||||
Total comprehensive (loss) income recognized for the year | ( | ||||||||||
Attributable to: | |||||||||||
Equity holders of the parent and other holders of equity instruments | ( | ||||||||||
Non-controlling interests | ( | ||||||||||
( |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | Attributable to equity holders of the parent and other holders of equity instruments | Non-contro-lling interests (Note 17) | Total equity | ||||||||||||||||||||||||||||||||||||||
Millions of euros | Share capital | Share premium | Treasury Shares | Other equity instru-ments | Legal reser-ve | Retained earnings | Fair value finan-cial assets | Hedges | Equity of associa-tes and others | Transla-tion differen-ces | Total | ||||||||||||||||||||||||||||||
Financial position at December 31, 2019 (*) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Profit for the year | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Other comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||
Total comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||
Dividends and distribution of profit (Note 17) | — | — | — | — | ( | — | — | — | — | ( | ( | ( | |||||||||||||||||||||||||||||
Net movement in treasury shares | — | — | ( | — | — | ( | — | — | — | — | ( | — | ( | ||||||||||||||||||||||||||||
Acquisitions and disposals of non-controlling interests and business combinations (Note 2) | — | — | — | — | ( | — | — | — | — | ||||||||||||||||||||||||||||||||
Undated deeply subordinated securities (Note 17) | — | — | — | ( | — | ( | — | — | — | ( | ( | ( | |||||||||||||||||||||||||||||
Other movements | — | — | — | — | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||
Financial position at December 31, 2020 | ( | ( | ( | ( |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | Attributable to equity holders of the parent and other holders of equity instruments | Non-contro-lling interests (Note 17) | Total equity | ||||||||||||||||||||||||||||||||||||||
Millions of euros | Share capital | Share premium | Treasury Shares | Other equity instru-ments | Legal reser-ve | Retained earnings | Available-for-sale investments | Hedges | Equity of associa-tes and others | Transla-tion differen-ces | Total | ||||||||||||||||||||||||||||||
Financial position at December 31, 2018 (*) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Adjustment on initial application of new reporting (Note 17) | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Financial position at January 1, 2019 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Profit for the year | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Other comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Total comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||
Dividends and distribution of profit (Note 17) | — | — | — | — | — | ( | — | — | — | — | ( | ( | ( | ||||||||||||||||||||||||||||
Net movement in treasury shares | — | — | ( | — | — | ( | — | — | — | — | ( | — | ( | ||||||||||||||||||||||||||||
Acquisitions and disposals of non-controlling interests and business combinations (Note 5) | — | — | — | — | — | ( | — | — | — | — | ( | ( | ( | ||||||||||||||||||||||||||||
Undated deeply subordinated securities (Note 17) | — | — | — | — | ( | — | — | — | — | ( | |||||||||||||||||||||||||||||||
Other movements | — | — | — | — | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||
Financial position at December 31, 2019 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Financial position at December 31, 2017 | ( | ( | |||||||||||||||||||||||||||||||||||||||
Change in accounting policy for the presentation of hyperinflation effects in equity | — | — | — | — | — | — | — | — | ( | — | — | ||||||||||||||||||||||||||||||
Adjustment on initial application of new reporting (Note 12) | — | — | — | — | — | ( | — | — | — | ||||||||||||||||||||||||||||||||
Initial impact consideration of Argentina as a hyperinflationary economy | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Financial position at January 1, 2018 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
Profit for the year | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Other comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Total comprehensive income (loss) for the year | — | — | — | — | — | ( | ( | ||||||||||||||||||||||||||||||||||
Dividends and distribution of profit (Note 17) | — | — | — | — | ( | — | — | — | — | ( | ( | ( | |||||||||||||||||||||||||||||
Net movement in treasury shares | — | — | — | — | ( | — | — | — | — | — | |||||||||||||||||||||||||||||||
Acquisitions and disposals of non-controlling interests and business combinations | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Undated deeply subordinated securities and notes mandatorily convertible (Note 17) | — | — | — | ( | — | ( | — | — | — | — | ( | ( | ( | ||||||||||||||||||||||||||||
Other movements | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Financial position at December 31, 2018 | ( | ( | ( |
Consolidated Statements of cash flows | ||||||||||||||
Millions of euros | Notes | 2020 | 2019 | 2018 | ||||||||||
Cash received from operations | (Note 28) | |||||||||||||
Cash paid from operations | (Note 28) | ( | ( | ( | ||||||||||
Net payments of interest and other financial expenses net of dividends received | (Note 28) | ( | ( | ( | ||||||||||
Taxes (paid)/proceeds | (Note 28) | ( | ( | |||||||||||
Net cash flow provided by operating activities | (Note 28) | |||||||||||||
(Payments on investments)/proceeds from the sale in property, plant and equipment and intangible assets, net | (Note 28) | ( | ( | ( | ||||||||||
Proceeds on disposals of companies, net of cash and cash equivalents disposed | (Note 28) | |||||||||||||
Payments on investments in companies, net of cash and cash equivalents acquired | (Note 28) | ( | ( | ( | ||||||||||
Proceeds on financial investments not included under cash equivalents | (Note 28) | |||||||||||||
Payments on financial investments not included under cash equivalents | (Note 28) | ( | ( | ( | ||||||||||
Proceeds/(payments) on placements of cash surpluses not included under cash equivalents | ( | ( | ||||||||||||
Government grants received | ||||||||||||||
Net cash flow used in investing activities | (Note 28) | ( | ( | ( | ||||||||||
Dividends paid | (Note 28) | ( | ( | ( | ||||||||||
Proceeds from share capital increase | (Note 28) | |||||||||||||
(Payments)/proceeds of treasury shares and other operations with shareholders and with minority interests | (Note 28) | ( | ( | |||||||||||
Operations with other equity holders | (Note 28) | ( | ( | |||||||||||
Proceeds on issue of debentures and bonds and other debts | (Note 28) | |||||||||||||
Proceeds on loans, borrowings and promissory notes | (Note 28) | |||||||||||||
Repayments of debentures and bonds and other debts | (Note 28) | ( | ( | ( | ||||||||||
Repayments of loans, borrowings and promissory notes | (Note 28) | ( | ( | ( | ||||||||||
Lease principal payments | (Note 20) | ( | ( | |||||||||||
Financed operating payments and investments in property, plant and equipment and intangible assets payments | (Note 28) | ( | ( | ( | ||||||||||
Net cash used in financing activities | (Note 28) | ( | ( | ( | ||||||||||
Effect of changes in exchange rates | ( | ( | ||||||||||||
Cash reclassified to assets held for sale | (Note 30) | ( | ( | ( | ||||||||||
Effect of changes in consolidation methods and others | ( | ( | ||||||||||||
Net increase (decrease) in cash and cash equivalents during the year | ( | |||||||||||||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | (Note 16) | |||||||||||||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | (Note 16) | |||||||||||||
RECONCILIATION OF CASH AND CASH EQUIVALENTS WITH THE STATEMENTS OF FINANCIAL POSITION | ||||||||||||||
BALANCE AT THE BEGINNING OF THE PERIOD | (Note 16) | |||||||||||||
Cash on hand and at banks | ||||||||||||||
Other cash equivalents | ||||||||||||||
BALANCE AT THE END OF THE PERIOD | (Note 16) | |||||||||||||
Cash on hand and at banks | ||||||||||||||
Other cash equivalents |
Variation of closing exchange rate (12/31/2020 vs 12/31/2019) | Variation of average exchange rate (2020 vs 2019) | |||||||
Brazilian real | ( | %) | ( | %) | ||||
Pound sterling | ( | %) | ( | %) | ||||
Peruvian nuevo sol | ( | %) | ( | %) | ||||
Argentine peso | ( | %) | ( | %) | ||||
Chilean peso | ( | %) | ( | %) | ||||
Colombian peso | ( | %) | ( | %) | ||||
Mexican peso | ( | %) | ( | %) |
Millions of euros | Impact of the first application | ||||
Opening balance of rights of use at January 1, 2019 (Note 9) | |||||
Impact of IFRS 16 on rights of use of companies held for sale at December 31, 2018 (1) | |||||
Reclassification of property, plant and equipment deriving from finance leases under IAS 17 (Note 8) | ( | ||||
Reclassification of advance payments of lease contracts in force at December 31, 2018 | ( | ||||
Accounts receivable for subleases | |||||
Impact of IFRS 16 on assets at transition date | |||||
Opening balance of lease liabilities at January 1, 2019 (Note 20) | |||||
Impact of IFRS 16 on lease liabilities of companies held for sale at December 31, 2018 (1) | |||||
Reclassification of finance lease liabilities under IAS 17 at December 31, 2018 | ( | ||||
Reclassification of other liabilities at December 31, 2018 | ( | ||||
Impact of IFRS 16 on liabilities at transition date | |||||
Impact of IFRS 16 on equity at transition date (Note 17) |
Millions of euros | 2019 | ||||||||||
INCOME STATEMENT | IFRS 16 | IAS 17 | IFRS 16 Impact | ||||||||
Revenues | |||||||||||
Other income | ( | ||||||||||
Supplies | ( | ( | |||||||||
Personnel expenses | ( | ( | |||||||||
Other expenses | ( | ( | |||||||||
Depreciation and amortization | ( | ( | ( | ||||||||
OPERATING INCOME | ( | ||||||||||
Share of income (loss) of investments accounted for by the equity method | |||||||||||
Finance income | |||||||||||
Exchange gains | |||||||||||
Finance costs | ( | ( | ( | ||||||||
Exchange losses | ( | ( | ( | ||||||||
Net financial expense | ( | ( | ( | ||||||||
PROFIT BEFORE TAX | ( | ||||||||||
Corporate income tax | ( | ( | |||||||||
PROFIT FOR THE YEAR | ( | ||||||||||
Attributable to equity holders of the Parent | ( | ||||||||||
Attributable to non-controlling interests | ( | ||||||||||
Basic and diluted earnings per share attributable to equity holders of the parent (euros) | ( |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Revenues | |||||||||||
Depreciation and amortization | ( | ( | ( | ||||||||
Operating income | ( | ( | |||||||||
Net financial expense (1) | |||||||||||
Profit before tax | |||||||||||
Corporate income tax (2) | ( | ( | |||||||||
Result for the year | ( | ||||||||||
Net cash flow provided by operating activities | ( | ||||||||||
Capital expenditures (CapEx) | |||||||||||
Non-current assets |
Years of estimated useful life | |||||
Buildings | 25 – 40 | ||||
Plant and machinery | 10 – 15 | ||||
Telephone installations, networks and subscriber equipment | 5 – 20 | ||||
Furniture, tools and other items | 2 – 10 |
Standards and amendments | Mandatory application: annual periods beginning on or after | |||||||
Amendments to IFRS 4 | Deferral of IFRS 9 | January 1, 2021 | ||||||
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 | Interest Rate Benchmark Reform – Phase 2 | January 1, 2021 | ||||||
Amendments to IAS 37 | Cost of Fulfilling a Contract | January 1, 2022 | ||||||
Amendments to IFRS 3 | Reference to the Conceptual Framework | January 1, 2022 | ||||||
Annual Improvements 2018-2020 Cycle | January 1, 2022 | |||||||
Amendments to IAS 16 | Proceeds before Intended Use | January 1, 2022 | ||||||
Amendments to IAS 1 | Classification of Liabilities as Current or Non-current | January 1, 2022 | ||||||
IFRS 17 | Insurance Contracts | January 1, 2023 |
2020 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Revenues | ( | ||||||||||||||||||||||||||||
External revenues | ( | ||||||||||||||||||||||||||||
Intersegment revenues | ( | — | |||||||||||||||||||||||||||
Other operating income and expenses(1) | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
OIBDA | ( | ( | |||||||||||||||||||||||||||
Depreciation and amortization | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
Operating income | ( | ( | ( | ( | |||||||||||||||||||||||||
CapEx | ( | ||||||||||||||||||||||||||||
Acquisitions of rights of use | ( | ||||||||||||||||||||||||||||
(1)Other operating income and expenses includes “Other income”, “Supplies”, “Personnel expenses” and “Other expenses”. |
2019 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Revenues | ( | ||||||||||||||||||||||||||||
External revenues | — | ||||||||||||||||||||||||||||
Intersegment revenues | ( | — | |||||||||||||||||||||||||||
Other operating income and expenses(1) | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
OIBDA | ( | ||||||||||||||||||||||||||||
Depreciation and amortization | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
Operating income | ( | ( | ( | ||||||||||||||||||||||||||
CapEx | ( | ||||||||||||||||||||||||||||
Acquisitions of rights of use | ( | ||||||||||||||||||||||||||||
(1)Other operating income and expenses includes “Other income”, “Supplies”, “Personnel expenses” and “Other expenses”. |
2018 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Revenues | ( | ||||||||||||||||||||||||||||
External revenues | — | ||||||||||||||||||||||||||||
Intersegment revenues | ( | — | |||||||||||||||||||||||||||
Other operating income and expenses(1) | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
OIBDA | ( | ||||||||||||||||||||||||||||
Depreciation and amortization | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||
Operating income | ( | ( | ( | ||||||||||||||||||||||||||
CapEx | ( | ||||||||||||||||||||||||||||
(1)Other operating income and expenses includes “Other income”, “Supplies”, “Personnel expenses” and “Other expenses”. |
2020 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Fixed assets | |||||||||||||||||||||||||||||
Rights of use (1) | ( | ||||||||||||||||||||||||||||
Investments accounted for by the equity method | |||||||||||||||||||||||||||||
Financial assets and other non-currents assets | ( | ||||||||||||||||||||||||||||
Deferred tax assets | |||||||||||||||||||||||||||||
Other current financial assets | ( | ||||||||||||||||||||||||||||
Non-current assets and disposal groups held for sale | ( | ||||||||||||||||||||||||||||
Total allocated assets | ( | ||||||||||||||||||||||||||||
Non-current financial liabilities | ( | ||||||||||||||||||||||||||||
Non-current lease liabilities | ( | ||||||||||||||||||||||||||||
Deferred tax liabilities | |||||||||||||||||||||||||||||
Current financial liabilities | ( | ||||||||||||||||||||||||||||
Current lease liabilities | ( | ||||||||||||||||||||||||||||
Liabilities associated with non-current assets and disposal groups held for sale | ( | ||||||||||||||||||||||||||||
Total allocated liabilities | ( |
2019 | |||||||||||||||||||||||||||||
Millions of euros | Telefónica Spain | Telefónica United Kingdom | Telefónica Germany | Telefónica Brazil | Telefónica Hispam | Telxius Group | Other companies | Eliminations | Total Group | ||||||||||||||||||||
Fixed assets | |||||||||||||||||||||||||||||
Rights of use (1) | ( | ||||||||||||||||||||||||||||
Investments accounted for by the equity method | |||||||||||||||||||||||||||||
Financial assets and other non-currents assets | ( | ||||||||||||||||||||||||||||
Deferred tax assets | |||||||||||||||||||||||||||||
Other current financial assets | ( | ||||||||||||||||||||||||||||
Non-current assets and disposal groups held for sale | |||||||||||||||||||||||||||||
Total allocated assets | ( | ||||||||||||||||||||||||||||
Non-current financial liabilities | ( | ||||||||||||||||||||||||||||
Non-current lease liabilities | ( | ||||||||||||||||||||||||||||
Deferred tax liabilities | |||||||||||||||||||||||||||||
Current financial liabilities | ( | ||||||||||||||||||||||||||||
Current lease liabilities | ( | ||||||||||||||||||||||||||||
Liabilities associated with non-current assets and disposal groups held for sale | |||||||||||||||||||||||||||||
Total allocated liabilities | ( |
Millions of euros | 2020 | 2019 | 2018 | |||||||||||||||||||||||||||||||||||
Country by segments | Fixed | Mobile | Others and elims. | Total | Fixed | Mobile | Others and elims. | Total | Fixed | Mobile | Others and elims. | Total | ||||||||||||||||||||||||||
Spain (*) | ||||||||||||||||||||||||||||||||||||||
United Kingdom | ||||||||||||||||||||||||||||||||||||||
Germany | ||||||||||||||||||||||||||||||||||||||
Brazil | ||||||||||||||||||||||||||||||||||||||
Hispam | ||||||||||||||||||||||||||||||||||||||
Telxius Group | ||||||||||||||||||||||||||||||||||||||
Other and inter-segment eliminations | ||||||||||||||||||||||||||||||||||||||
Total Group |
Millions of euros | |||||||||||
Telefónica Spain | 2020 | 2019 | 2018 | ||||||||
Retailers | |||||||||||
Wholesalers, mobile handsets sales and others | |||||||||||
Total |
2020 | ||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2019 | Additions (1) | Amortization | Disposals | Impairments | Transfers and others | Translation differences and hyperinflation adjustments | Balance at 12/31/2020 | ||||||||||||||||||
Service concession arrangements and licenses | ( | ( | ( | ( | ||||||||||||||||||||||
Software | ( | ( | ( | |||||||||||||||||||||||
Customer base | ( | ( | ( | |||||||||||||||||||||||
Trademarks | ( | ( | ( | |||||||||||||||||||||||
Other intangible assets | ( | ( | ( | |||||||||||||||||||||||
Intangible assets in process | ( | ( | ||||||||||||||||||||||||
Total intangible assets | ( | ( | ( | ( | ( |
2019 | ||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2018 | Additions (1) | Amortization | Disposals | Transfers and others | Translation differences and hyperinflation adjustments | Exclusion of companies | Balance at 12/31/2019 | ||||||||||||||||||
Service concession arrangements and licenses | ( | ( | ( | |||||||||||||||||||||||
Software | ( | ( | ( | ( | ||||||||||||||||||||||
Customer base | ( | ( | ||||||||||||||||||||||||
Trademarks | ( | |||||||||||||||||||||||||
Other intangible assets | ( | ( | ( | |||||||||||||||||||||||
Intangible assets in process | ( | ( | ( | |||||||||||||||||||||||
Total intangible assets | ( | ( | ( |
Balance at December 31, 2020 | ||||||||||||||
Millions of euros | Gross cost | Accumulated amortization | Impairment losses | Intangible assets | ||||||||||
Service concession arrangements and licenses | ( | ( | ||||||||||||
Software | ( | ( | ||||||||||||
Customer base | ( | |||||||||||||
Trademarks | ( | ( | ||||||||||||
Other intangible assets | ( | ( | ||||||||||||
Intangible assets in process | ||||||||||||||
Total intangible assets | ( | ( |
Balance at December 31, 2019 | ||||||||||||||
Millions of euros | Gross cost | Accumulated amortization | Impairment losses | Intangible assets | ||||||||||
Service concession arrangements and licenses | ( | |||||||||||||
Software | ( | ( | ||||||||||||
Customer base | ( | |||||||||||||
Trademarks | ( | |||||||||||||
Other intangible assets | ( | ( | ||||||||||||
Intangible assets in process | ||||||||||||||
Total intangible assets | ( | ( |
2020 | ||||||||||||||||||||
Millions of euros | Balance at 12/31/2019 | Additions | Write-offs | Transfers | Exchange rate impact | Balance at 12/31/2020 | ||||||||||||||
Telefónica Spain | ||||||||||||||||||||
Telefónica Brazil | ( | |||||||||||||||||||
Telefónica Germany | ( | |||||||||||||||||||
Telefónica United Kingdom | ( | ( | ||||||||||||||||||
Telefónica Hispam | ( | ( | ||||||||||||||||||
Telxius Group | ( | |||||||||||||||||||
Others | ( | |||||||||||||||||||
Total | ( | ( | ( |
2019 (*) | ||||||||||||||||||||
Millions of euros | Balance at 12/31/2018 | Disposals | Additions | Write-offs | Exchange rate impact | Balance at 12/31/2019 | ||||||||||||||
Telefónica Spain | ( | |||||||||||||||||||
Telefónica Brazil | ( | ( | ||||||||||||||||||
Telefónica Germany | ||||||||||||||||||||
Telefónica United Kingdom | ||||||||||||||||||||
Telefónica Hispam | ( | ( | ( | |||||||||||||||||
Telxius Group | ||||||||||||||||||||
Others | ( | |||||||||||||||||||
Total | ( | ( | ||||||||||||||||||
(*) The movement in 2019 has been restated to reflect the new segments of the Group (see Note 4). |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Telefónica Spain | ||||||||
Telefónica Brazil | ||||||||
Telefónica Germany | ||||||||
Telefónica United Kingdom | ||||||||
Telefónica Hispam | ||||||||
Colombia | ||||||||
Ecuador | ||||||||
Chile | ||||||||
Peru | ||||||||
Argentina | ||||||||
Uruguay | ||||||||
Others T. Hispam | ||||||||
Telxius Group | ||||||||
Others | ||||||||
TOTAL |
2020 | 2019 | |||||||||||||
Discount rate in local currency | Before tax | After-tax | Before tax | After-tax | ||||||||||
Spain | ||||||||||||||
Brazil | ||||||||||||||
United Kingdom | ||||||||||||||
Germany |
Perpetuity growth rate in local currency | 2020 | 2019 | ||||||
Spain | ||||||||
Brazil | ||||||||
United Kingdom | ||||||||
Germany |
Changes in key assumptions, In percentage points (percentage points) | Spain | United Kingdom | Germany | Brazil | ||||||||||
Financial variables | ||||||||||||||
Discount rate | +/-0.75 | +/-0.75 | +/-0.75 | +/-1.5 | ||||||||||
Perpetuity growth rates | +/-0.375 | +/-0.375 | +/-0.375 | +/-0.75 | ||||||||||
Long-term operating variables | ||||||||||||||
OIBDA Margin | +/-2.625 | +/-2.625 | +/-2.25 | +/-3 | ||||||||||
Ratio of CapEx/Revenues | +/-1.31 | +/-1.31 | +/-1.13 | +/-1.5 |
2020 | ||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2019 | Additions (1) | Depreciation | Disposals | Impairments | Transfers and others | Translation differences and hyperinflation adjustments | Balance at 12/31/2020 | ||||||||||||||||||
Land and buildings | ( | ( | ( | ( | ||||||||||||||||||||||
Plant and machinery | ( | ( | ( | ( | ( | |||||||||||||||||||||
Furniture, tools and other items | ( | ( | ( | ( | ( | |||||||||||||||||||||
PP&E in progress | ( | ( | ( | ( | ||||||||||||||||||||||
Total PP&E | ( | ( | ( | ( | ( |
2019 | |||||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2018 | First application of IFRS 16 | Additions (1) | Depreciation | Disposals | Transfers and others | Translation differences and hyperinflation adjustments | Exclusion of companies | Balance at 12/31/2019 | ||||||||||||||||||||
Land and buildings | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Plant and machinery | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Furniture, tools and other items | ( | ( | ( | ( | |||||||||||||||||||||||||
PP&E in progress | ( | ( | ( | ||||||||||||||||||||||||||
Total PP&E | ( | ( | ( | ( | ( | ( |
Balance at December 31, 2020 | ||||||||||||||
Millions of euros | Gross cost | Accumulated depreciation | Impairment losses | PP&E | ||||||||||
Land and buildings | ( | ( | ||||||||||||
Plant and machinery | ( | ( | ||||||||||||
Furniture, tools and other items | ( | ( | ||||||||||||
PP&E in progress | ( | |||||||||||||
Total PP&E | ( | ( |
Balance at December 31, 2019 | ||||||||||||||
Millions of euros | Gross cost | Accumulated depreciation | Impairment losses | PP&E | ||||||||||
Land and buildings | ( | ( | ||||||||||||
Plant and machinery | ( | ( | ||||||||||||
Furniture, tools and other items | ( | ( | ||||||||||||
PP&E in progress | ( | |||||||||||||
Total PP&E | ( | ( |
2020 | |||||||||||||||||||||||
Millions of euros | Balance at 12/31/2019 | Additions (1) | Amortization | Disposals | Transfers and others | Translation differences and hyperinflation | Balance at 12/31/2020 | ||||||||||||||||
Rights of use on land and natural properties | ( | ( | ( | ( | |||||||||||||||||||
Rights of use on buildings | ( | ( | ( | ( | |||||||||||||||||||
Rights of use on plant and machinery | ( | ( | ( | ( | |||||||||||||||||||
Other rights of use | ( | ( | ( | ||||||||||||||||||||
Total of rights of use | ( | ( | ( | ( |
2019 | |||||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2018 | First application IFRS 16 (Note 2) | Additions (1) | Amorti-zation | Disposals | Exclusion of companies | Transfers and others | Translation differences and hyperinflation | Balance at 12/31/2019 | ||||||||||||||||||||
Rights of use on land and natural properties | ( | ( | ( | ( | |||||||||||||||||||||||||
Rights of use on buildings | ( | ( | ( | ( | |||||||||||||||||||||||||
Rights of use on plant and machinery | ( | ( | ( | ( | |||||||||||||||||||||||||
Other rights of use | ( | ( | ( | ||||||||||||||||||||||||||
Total of rights of use | ( | ( | ( | ( |
Balance at December 31, 2020 | |||||||||||
Millions of euros | Gross cost | Accumulated depreciation | Rights of use | ||||||||
Rights of use on land and natural properties | ( | ||||||||||
Rights of use on buildings | ( | ||||||||||
Rights of use on plant and machinery | ( | ||||||||||
Other rights of use | ( | ||||||||||
Total of rights of use | ( |
Balance at December 31, 2019 | |||||||||||
Millions of euros | Gross cost | Accumulated depreciation | Rights of use | ||||||||
Rights of use on land and natural properties | ( | ||||||||||
Rights of use on buildings | ( | ||||||||||
Rights of use on plant and machinery | ( | ||||||||||
Other rights of use | ( | ||||||||||
Total of rights of use | ( |
Millions of euros | 2020 | 2019 | ||||||
Short-term leases included in operating results as supplies | ||||||||
Variable lease payments not included in the measurement of leases liabilities | ||||||||
Total expenses as supplies | ||||||||
Short-term leases included in external services | ||||||||
Leases of low-value assets included in external services | ||||||||
Variable lease payments not included in the measurement of leases liabilities | ||||||||
Total expenses as external services (Note 26) | ||||||||
Total lease expenses |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Investments accounted for by the equity method | ||||||||
Long-term credits to associates and joint ventures | ||||||||
Receivables from associates and joint ventures for current operations (Note 14) | ||||||||
Payables to associates and joint ventures (Note 22) | ||||||||
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Share of income (loss) of investments accounted for by the equity method | |||||||||||
Revenue from operations with associates and joint ventures | |||||||||||
Expenses from operations with associates and joint ventures | |||||||||||
Financial revenues with associates and joint ventures | |||||||||||
Financial expenses with associates and joint ventures |
Investments accounted for by the equity method | Millions of euros | ||||
Balance at 12/31/2018 | |||||
Income (loss) | |||||
Dividends | ( | ||||
Transfers and others | |||||
Balance at 12/31/2019 | |||||
Additions | |||||
Disposals | ( | ||||
Translation differences and other comprehensive income (loss) | ( | ||||
Income (loss)(*) | |||||
Dividends | ( | ||||
Transfers and others | |||||
Balance at 12/31/2020 | |||||
(*) The results, including those of Tesco Mobile Ltd. since its transfer to non-current assets and disposal groups held for sale, amounted to 2 million euros. |
Million of euros | 12/31/2020 | 12/31/2019 | ||||||
Prosegur Alarmas España, S.L. | ||||||||
Internet para Todos S.A.C. | ||||||||
Others | ||||||||
Total |
Million of euros | Prosegur Alarmas España, S.L. | Internet para Todos S.A.C. | ||||||
Assets | ||||||||
Liabilities | ( | ( | ||||||
Net assets | ||||||||
Purchase price allocation | ||||||||
Assets | ||||||||
Liabilities | ( | |||||||
Net assets | ||||||||
% Holding | % | % | ||||||
Group’s share in equity | ||||||||
Goodwill | ||||||||
Carrying amount in the Telefónica Group |
Millions of euros | ||||||||
2020 | BBVA | Caixabank | ||||||
Finance costs | ||||||||
Receipt of services | ||||||||
Purchase of goods | ||||||||
Other expenses | ||||||||
Total costs | ||||||||
Finance income | ||||||||
Dividends received (1) | N/A | |||||||
Services rendered | ||||||||
Sale of goods | ||||||||
Other income | ||||||||
Total revenues | ||||||||
Purchase of assets | ||||||||
Finance arrangements: loans, capital contributions and others (borrower) | ||||||||
Finance arrangements: loans and capital contributions (lessee) | ||||||||
Guarantees | ||||||||
Commitments | ||||||||
Finance arrangements: loans and capital contributions (lender) | ||||||||
Dividends paid | ||||||||
Factoring operations |
Millions of euros | ||||||||
2019 | BBVA | Caixabank | ||||||
Finance costs | ||||||||
Receipt of services | ||||||||
Purchase of goods | ||||||||
Other expenses | ||||||||
Total costs | ||||||||
Finance income | ||||||||
Dividends received | N/A | |||||||
Services rendered | ||||||||
Sale of goods | ||||||||
Other income | ||||||||
Total revenues | ||||||||
Purchase of goods | ||||||||
Finance arrangements: loans and capital contributions (borrower) | ||||||||
Finance arrangements: loans and capital contributions (lessee) | ||||||||
Guarantees | ||||||||
Commitments | ||||||||
Finance arrangements: loans and capital contributions (lender) | ||||||||
Dividends | ||||||||
Factoring operations |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Non-current financial assets (Note 16) | ||||||||
Investments | ||||||||
Long-term receivables for indirect taxes | ||||||||
Other long-term credits | ||||||||
Deposits and guarantees | ||||||||
Trade receivables | ||||||||
Receivables for subleases | ||||||||
Impairment of trade receivables | ( | ( | ||||||
Derivative financial assets (Note 19) | ||||||||
Other non-current assets | ||||||||
Contractual assets (Note 23) | ||||||||
Deferred expenses (Note 23) | ||||||||
Prepayments | ||||||||
Total |
Millions of euros | Invest-ments | Long-term receivables for indirect taxes | Other long-term credits | Deposits and guarantees | Trade receiva-bles | Long-term receivables for subleases | Impairment of trade receivables | ||||||||||||||||
Balance at 12/31/18 | ( | ||||||||||||||||||||||
First application of IFRS 16 impact | |||||||||||||||||||||||
Acquisitions | ( | ||||||||||||||||||||||
Disposals | ( | ( | ( | ( | ( | ||||||||||||||||||
Translation differences | ( | ( | |||||||||||||||||||||
Fair value adjustments and financial updates | ( | ||||||||||||||||||||||
Transfers and other | ( | ( | ( | ( | ( | ( | |||||||||||||||||
Balance at 12/31/19 | ( | ||||||||||||||||||||||
Acquisitions | ( | ||||||||||||||||||||||
Disposals | ( | ( | ( | ( | ( | ||||||||||||||||||
Translation differences | ( | ( | ( | ( | ( | ( | |||||||||||||||||
Fair value adjustments and financial updates | ( | ( | |||||||||||||||||||||
Transfers and other | ( | ( | ( | ( | |||||||||||||||||||
Balance at 12/31/20 | ( |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Audiovisual rights | ||||||||
Mobile terminals and other equipments | ||||||||
Other inventories | ||||||||
Inventories impairment provision | ( | ( | ||||||
Inventories |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Receivables (Note 16) | ||||||||
Trade receivables | ||||||||
Impairment of trade receivables | ( | ( | ||||||
Receivables from associates and joint ventures (Note 10) | ||||||||
Other receivables | ||||||||
Other current assets | ||||||||
Contractual assets (Note 23) | ||||||||
Capitalized costs (Note 23) | ||||||||
Prepayments | ||||||||
Total |
Millions of euros | |||||
Impairment provision at December 31, 2018 | |||||
Allowances | |||||
Inclusion of companies | ( | ||||
Amounts applied | ( | ||||
Translation differences and other | ( | ||||
Impairment provision at December 31, 2019 | |||||
Allowances | |||||
Transfers | ( | ||||
Amounts applied | ( | ||||
Translation differences and other | ( | ||||
Impairment provision at December 31, 2020 |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||||||||
Trade receivables | Impairment | Trade receivables | Impairment | |||||||||||
Unbilled receivables | ( | ( | ||||||||||||
Amount not overdue invoiced | ( | ( | ||||||||||||
Less than 90 days | ( | ( | ||||||||||||
Between 90 and 180 days | ( | ( | ||||||||||||
Between 180 and 360 days | ( | ( | ||||||||||||
More than 360 days | ( | ( | ||||||||||||
Total | ( | ( |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Short-term credits | ||||||||
Short-term deposits and guarantees | ||||||||
Short-term derivative financial assets (Note 19) | ||||||||
Other current financial assets | ||||||||
Total |
December 31, 2020 | |||||||||||||||||||||||||||||||||||
Fair value through profit or loss | Fair value through other comprehensive income | Measurement hierarchy | |||||||||||||||||||||||||||||||||
Millions of euros | Held for trading | Fair value option | Debt instru-ments | Equity instru-ments | Hedges | Level 1 (Quoted prices) | Level 2 (Other directly observable market inputs) | Level 3 (Inputs not based on observable market data) | Amortized cost | Total carrying amount | Total fair value | ||||||||||||||||||||||||
Non-current financial assets (Note 12) | |||||||||||||||||||||||||||||||||||
Investments | |||||||||||||||||||||||||||||||||||
Credits and other financial assets | |||||||||||||||||||||||||||||||||||
Deposits and guarantees | |||||||||||||||||||||||||||||||||||
Derivative instruments | |||||||||||||||||||||||||||||||||||
Trade receivables | |||||||||||||||||||||||||||||||||||
Trade receivables for subleases | |||||||||||||||||||||||||||||||||||
Impairment of trade receivables | ( | ( | |||||||||||||||||||||||||||||||||
Current financial assets | |||||||||||||||||||||||||||||||||||
Trade receivables (Note 14) | |||||||||||||||||||||||||||||||||||
Impairment of trade receivables (Note 14) | ( | ( | |||||||||||||||||||||||||||||||||
Other financial assets (Note 15) | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||||||||||||||||
Total |
December 31, 2019 | |||||||||||||||||||||||||||||||||||
Fair value through profit or loss | Fair value through other comprehensive income | Measurement hierarchy | |||||||||||||||||||||||||||||||||
Millions of euros | Held for trading | Fair value option | Debt instru-ments | Equity instru-ments | Hedges | Level 1 (Quoted prices) | Level 2 (Other directly observable market inputs) | Level 3 (Inputs not based on observable market data) | Amortized cost | Total carrying amount | Total fair value | ||||||||||||||||||||||||
Non-current financial assets (Note 12) | |||||||||||||||||||||||||||||||||||
Investments | |||||||||||||||||||||||||||||||||||
Credits and other financial assets | |||||||||||||||||||||||||||||||||||
Deposits and guarantees | |||||||||||||||||||||||||||||||||||
Derivative instruments | |||||||||||||||||||||||||||||||||||
Trade receivables | |||||||||||||||||||||||||||||||||||
Trade receivables for subleases | |||||||||||||||||||||||||||||||||||
Impairment of trade receivables | ( | ( | |||||||||||||||||||||||||||||||||
Current financial assets | |||||||||||||||||||||||||||||||||||
Trade receivables (Note 14) | |||||||||||||||||||||||||||||||||||
Impairment of trade receivables (Note 14) | ( | ( | |||||||||||||||||||||||||||||||||
Other current financial assets (Note 15) | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||||||||||||||||
Total |
Millions of euros | |||||
Unrestricted reserves | ( | ||||
Total | ( |
Issue date | Annual Fix | Variable | Exercisable by issuer | 12/31/2019 | Tender Offer | Amount repurchased | Redemption | 12/31/2020 | ||||||||||||||||||
02/05/2020 | % | from 05/05/27 rate SWAP + spread incremental | 2027 | |||||||||||||||||||||||
09/24/2019 | % | from 09/24/27 rate SWAP + spread incremental | 2027 | |||||||||||||||||||||||
03/14/2019 | % | from 03/14/25 rate SWAP + spread incremental | 2025 | |||||||||||||||||||||||
03/22/2018 | % | from 12/04/23 rate SWAP + spread incremental | 2023 | |||||||||||||||||||||||
% | from 09/22/26 rate SWAP + spread incremental | 2026 | ||||||||||||||||||||||||
12/07/2017 | % | from 06/07/23 rate SWAP + spread incremental | 2023 | |||||||||||||||||||||||
09/15/2016 | % | from 03/15/22 rate SWAP + spread incremental | 2022 | |||||||||||||||||||||||
03/30/2015(*) | % | from 03/30/20 rate SWAP + spread incremental | 2020 | ( | ||||||||||||||||||||||
03/31/2014 | % | from 03/31/20 rate SWAP + spread incremental | 2020 | ( | ||||||||||||||||||||||
% | from 03/31/24 rate SWAP + spread incremental | 2024 | ||||||||||||||||||||||||
11/26/2013(**) | % | from 11/26/20 rate SWAP + spread incremental | 2020 | ( | ( | |||||||||||||||||||||
09/18/2013 | % | from 09/18/21 rate SWAP + spread incremental | 2021 | ( | ( | |||||||||||||||||||||
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Brazilian real | ( | ( | ( | ||||||||
Pound sterling | ( | ( | ( | ||||||||
Venezuelan bolivar | ( | ( | ( | ||||||||
Argentine peso | ( | ( | ( | ||||||||
Other currencies | ( | ( | ( | ||||||||
Total Group | ( | ( | ( |
Millions of euros | IFRS 9 | IFRS 15 | Total | ||||||||
Gross impact on equity | ( | ||||||||||
Tax effect | ( | ( | |||||||||
Impact on equity | ( | ||||||||||
Attributable to equity holders | ( | ||||||||||
Attributable to non-controlling interest | ( |
Euros per share | |||||||||||||||||
Number of shares | Acquisition price | Trading price | Market value(*) | % | |||||||||||||
Treasury shares at 12/31/20 | % | ||||||||||||||||
Treasury shares at 12/31/19 | % | ||||||||||||||||
Treasury shares at 12/31/18 | % |
Number of shares | |||||
Treasury shares at 12/31/17 | |||||
Acquisitions | |||||
Employee share option plan | ( | ||||
Treasury shares at 12/31/18 | |||||
Acquisitions | |||||
Employee share option plan | ( | ||||
Treasury shares at 12/31/19 | |||||
Acquisitions | |||||
Scrip dividend | |||||
Employee share option plan | ( | ||||
Other movements | ( | ||||
Treasury shares at 12/31/20 |
Millions of euros | Balance at 12/31/19 | Sales of non-controlling interests and inclusion of companies | Acquisitions of non-controlling interests and exclusion of companies | Dividends paid | Profit/(loss) for the year | Change in translation differences | Other movements | Balance at 12/31/20 | ||||||||||||||||||
Telefônica Brasil, S.A. | ( | ( | ( | |||||||||||||||||||||||
Telefónica Deutschland Holding, A.G. | ( | ( | ( | |||||||||||||||||||||||
Colombia Telecomunicaciones, S.A., ESP | ( | ( | ||||||||||||||||||||||||
Telefónica Centroamericana Inversiones, S.L. | ( | ( | ( | |||||||||||||||||||||||
Telxius Telecom, S.A. | ( | ( | ||||||||||||||||||||||||
Other | ( | ( | ( | ( | ||||||||||||||||||||||
Total | ( | ( | ( | ( |
Millions of euros | Balance at 12/31/18 | Sales of non-controlling interests and inclusion of companies | Acquisitions of non-controlling interests and exclusion of companies | Dividends paid | Profit/(loss) for the year | Change in translation differences | Other movements | Balance at 12/31/19 | ||||||||||||||||||
Telefônica Brasil, S.A. | ( | ( | ( | ( | ||||||||||||||||||||||
Telefónica Deutschland Holding, A.G. | ( | ( | ( | |||||||||||||||||||||||
Colombia Telecomunicaciones, S.A., ESP | ( | ( | ||||||||||||||||||||||||
Telefónica Centroamericana Inversiones, S.L. | ( | |||||||||||||||||||||||||
Telxius Telecom, S.A. | ( | ( | ||||||||||||||||||||||||
Other | ( | ( | ( | |||||||||||||||||||||||
Total | ( | ( | ( | ( | ( |
Millions of euros | Balance at 12/31/17 | Sales of non-controlling interests and inclusion of companies | Acquisitions of non-controlling interests and exclusion of companies | Dividends paid | Profit/(loss) for the year | Change in translation differences | Other movements | Balance at 12/31/18 | ||||||||||||||||||
Telefônica Brasil, S.A. | ( | ( | ( | |||||||||||||||||||||||
Telefónica Deutschland Holding, A.G. | ( | ( | ||||||||||||||||||||||||
Colombia Telecomunicaciones, S.A., ESP | ( | ( | ||||||||||||||||||||||||
Telefónica Centroamericana Inversiones, S.L. | ( | |||||||||||||||||||||||||
Telxius Telecom, S.A. | ( | ( | ||||||||||||||||||||||||
Other | ( | ( | ||||||||||||||||||||||||
Total | ( | ( |
Millions of euros | |||||||||||
Colombia Telecomunicaciones | 2020 | 2019 | 2018 | ||||||||
Revenues | |||||||||||
OIBDA | |||||||||||
Depreciation and amortization | ( | ( | ( | ||||||||
Operating income | |||||||||||
Capital Expenditure | |||||||||||
Fixed Assets | |||||||||||
Total allocated assets | |||||||||||
Total allocated liabilities |
Millions of euros | |||||||||||
Telefónica Brazil | 2020 | 2019 | 2018 | ||||||||
Net cash flow provided by operating activities | |||||||||||
Net cash flow used in investing activities | ( | ( | ( | ||||||||
Net cash flow used in financing activities | ( | ( | ( | ||||||||
( |
Millions of euros | |||||||||||
Telefónica Germany | 2020 | 2019 | 2018 | ||||||||
Net cash flow provided by operating activities | |||||||||||
Net cash flow used in investing activities | ( | ( | ( | ||||||||
Net cash flow used in financing activities | ( | ( | ( | ||||||||
Millions of euros | |||||||||||
Colombia Telecomunicaciones | 2020 | 2019 | 2018 | ||||||||
Net cash flow provided by operating activities | |||||||||||
Net cash flow provided by (used in) investing activities | ( | ( | |||||||||
Net cash flow provided by (used in) financing activities | ( | ( | ( | ||||||||
( |
Millions of euros | |||||||||||
Telxius | 2020 | 2019 | 2018 | ||||||||
Net cash flow provided by operating activities | |||||||||||
Net cash flow provided by (used in) investing activities | ( | ( | ( | ||||||||
Net cash flow provided by (used in) financing activities | ( | ( | |||||||||
( | ( |
Millions of euros | ||||||||||||||||||||||||||
Current | Non-current | |||||||||||||||||||||||||
Maturity | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Non-current total | Total | ||||||||||||||||||
Debentures and bonds | ||||||||||||||||||||||||||
Promissory notes & commercial paper | ||||||||||||||||||||||||||
Total Issues | ||||||||||||||||||||||||||
Loans and other payables | ||||||||||||||||||||||||||
Derivative instruments (Note 19) | ||||||||||||||||||||||||||
Total |
December 31, 2020 | |||||||||||||||||||||||||||||
Fair value through profit or loss | Measurement hierarchy | ||||||||||||||||||||||||||||
Millions of euros | Held for trading | Fair value option | Hedges | Level 1 (Quoted prices) | Level 2 (Other directly observable market inputs) | Level 3 (Inputs not based on observable market data) | Liabilities at amortized cost | Total carrying amount | Total fair value | ||||||||||||||||||||
Issues | |||||||||||||||||||||||||||||
Loans and other payables | |||||||||||||||||||||||||||||
Derivative instruments | |||||||||||||||||||||||||||||
Total financial liabilities |
December 31, 2019 | |||||||||||||||||||||||||||||
Fair value through profit or loss | Measurement hierarchy | ||||||||||||||||||||||||||||
Millions of euros | Held for trading | Fair value option | Hedges | Level 1 (Quoted prices) | Level 2 (Other directly observable market inputs) | Level 3 (Inputs not based on observable market data) | Liabilities at amortized cost | Total carrying amount | Total fair value | ||||||||||||||||||||
Issues | |||||||||||||||||||||||||||||
Loans and other payables | |||||||||||||||||||||||||||||
Derivative instruments | |||||||||||||||||||||||||||||
Total financial liabilities |
Cash used in financing activities | |||||||||||||||||||||||
Millions of euros | Balance at 12/31/2019 | Cash received | Cash paid | Translation differences and exchange gains and losses | Financial updates | Other movements | Balance at 12/31/2020 | ||||||||||||||||
Issues | ( | ( | ( | ||||||||||||||||||||
Promissory notes and commercial paper | ( | ( | ( | ||||||||||||||||||||
Loans and other payables | ( | ( | ( |
Cash used in financing activities | ||||||||||||||||||||||||||
Millions of euros | Balance at 12/31/2018 | First application of IFRS 16 | Cash received | Cash paid | Translation differences and exchange gains and losses | Financial updates | Other movements | Balance at 12/31/2019 | ||||||||||||||||||
Issues | ( | |||||||||||||||||||||||||
Promissory notes and commercial paper | ( | |||||||||||||||||||||||||
Loans and other payables | ( | ( |
Description | Limit 12/31/2020 (million euros) | Currency | Outstanding balance 12/31/2020 (million euros) | Arrangement date | Maturity date | Drawndown 2020 (million euros) | Repayment 2020 (million euros) | ||||||||||||||||
Telefónica, S.A. | |||||||||||||||||||||||
Bilateral Credit (1) | EUR | 05/14/2019 | 05/14/2024 | ||||||||||||||||||||
Bilateral loan | EUR | 11/08/2019 | 03/12/2030 | ||||||||||||||||||||
Bilateral loan | EUR | 12/04/2019 | 05/06/2027 | ||||||||||||||||||||
Bilateral loan (2) | EUR | 12/18/2020 | 06/18/2024 | ||||||||||||||||||||
Colombia Telecomunicaciones, S.A. E.S.P. | |||||||||||||||||||||||
Bilateral loan | USD | 02/25/2020 | 03/24/2025 | ||||||||||||||||||||
Syndicated loan (3) | USD | 03/18/2020 | 03/18/2025 | ( | |||||||||||||||||||
Telefónica Germany GmbH & Co. OHG | |||||||||||||||||||||||
EIB Financing (Tranche 2) | EUR | 01/14/2020 | 07/14/2029 | ||||||||||||||||||||
T. Móviles Chile, S.A. | |||||||||||||||||||||||
Bilateral loan (4) | USD | 04/17/2020 | 09/29/2023 | ||||||||||||||||||||
T. UK Limited | |||||||||||||||||||||||
Syndicated loan (5) | GBP | 05/07/2020 | 09/29/2020 |
Outstanding balance (in millions) | ||||||||||||||
Local Currency | Euros | |||||||||||||
Currency | 12/31/2020 | 12/31/2019 | 12/31/2020 | 12/31/2019 | ||||||||||
Euro | ||||||||||||||
U.S. dollar | ||||||||||||||
Brazilian real | ||||||||||||||
Colombian peso | ||||||||||||||
Pounds sterling | ||||||||||||||
Peruvian nuevo sol | ||||||||||||||
Other currencies | ||||||||||||||
Total Group |
Millions of euros | |||||||||||
Currency | Change | Impact on the consolidated income statement | Impact on consolidated equity | ||||||||
All currencies vs EUR | ( | ( | |||||||||
USD vs EUR | ( | ( | |||||||||
Other currencies vs EUR | ( | ( | |||||||||
Latin American currencies vs USD | ( | ||||||||||
All currencies vs EUR | ( | ||||||||||
USD vs EUR | ( | ||||||||||
Other currencies vs EUR | ( | ||||||||||
Latin American currencies vs USD | ( | ( |
Millions of euros | ||||||||
Change in basis points (bp) | Impact on consolidated income statement | Impact on consolidated equity | ||||||
+100bp | ( | ( | ||||||
-100bp |
Interest rate index/Tenor | Gross notional in original currency (in millions) | ||||
USD Libor 3M | |||||
GBP Libor 3M | |||||
CHF Libor 3M | |||||
USD Libor 1M | |||||
USD Libor 6M |
Millions of euros | 2020 | 2019 | 2018 | |||||||||||
Interest income | ||||||||||||||
Dividends received | ||||||||||||||
Other financial income | ||||||||||||||
Subtotal | ||||||||||||||
Changes in fair value of asset derivatives at fair value through profit or loss | ||||||||||||||
Changes in fair value of liability derivatives at fair value through profit or loss | ( | ( | ( | |||||||||||
Changes in the fair value of debt instruments and other assets at fair value to profit or loss | ( | ( | ( | |||||||||||
Transfer from equity of results of cash flow hedges - future cash flows that are not longer expected to happen | ( | |||||||||||||
(Loss)/Gain on fair value hedges | ( | |||||||||||||
Gain/(loss) on adjustment to items hedged by fair value hedges | ( | ( | ||||||||||||
Subtotal | ( | |||||||||||||
Interest expenses | ( | ( | ( | |||||||||||
Financial expenses on lease liabilities (see Note 20) | ( | ( | n.a. | |||||||||||
Ineffective portion of cash flow hedges | ( | ( | ||||||||||||
Accretion of provisions and other liabilities | ( | ( | ( | |||||||||||
Other financial expenses | ( | ( | ( | |||||||||||
Subtotal | ( | ( | ( | |||||||||||
Net finance costs excluding foreign exchange differences and hyperinflation adjustments | ( | ( | ( |
Millions of euros | Movement in 2020 | Movement in 2019 | ||||||
Opening balance of assets/(liabilities) | ||||||||
Financing payments | ||||||||
Financing proceeds | ( | ( | ||||||
Interest (proceeds)/payments | ( | ( | ||||||
Other (proceeds)/payments | ( | |||||||
Fair value adjustments through other comprehensive income | ( | |||||||
Movements with counterparty in the income statement | ||||||||
Translation differences | ( | ( | ||||||
Other movements | ||||||||
Closing balance of assets/(liabilities) |
December 31, 2020 | |||||||||||||||||||||||||||||||||||
Notional amount - Maturities (*) | Book value of the derivative and no-derivative instruments (**) | ||||||||||||||||||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | Later | Total | Non-current asset | Current asset | Non-current liabilities | Current liabilities | Total | |||||||||||||||||||||||||
Derivate instruments of accounting hedges | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||||
Interest rate risk | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Cash flow hedges | ( | ( | |||||||||||||||||||||||||||||||||
Fair value hedges | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Exchange rate risk | ( | ( | ( | ||||||||||||||||||||||||||||||||
Cash flow hedges | ( | ( | |||||||||||||||||||||||||||||||||
Fair value hedges | ( | ||||||||||||||||||||||||||||||||||
Net investments hedges | ( | ( | ( | ||||||||||||||||||||||||||||||||
Interest rate and exchange rate risk | ( | ( | |||||||||||||||||||||||||||||||||
Cash flow hedges | ( | ( | |||||||||||||||||||||||||||||||||
Fair value hedges | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||
Undesignated derivatives | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Other derivatives of interest rate | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Other derivatives of exchange rate | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Other derivatives | ( | ||||||||||||||||||||||||||||||||||
Total derivative instruments | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||
No derivatives instruments of accounting hedges (***) | |||||||||||||||||||||||||||||||||||
Exchange rate risk | |||||||||||||||||||||||||||||||||||
Fair value hedges | |||||||||||||||||||||||||||||||||||
Net investments hedges | |||||||||||||||||||||||||||||||||||
December 31, 2019 | |||||||||||||||||||||||||||||||||||
Notional amount - Maturities (*) | Book value of the derivative and no-derivative instruments (**) | ||||||||||||||||||||||||||||||||||
Millions of euros | 2020 | 2021 | 2022 | Later | Total | Non-current asset | Current asset | Non-current liabilities | Current liabilities | Total | |||||||||||||||||||||||||
Derivate instruments of accounting hedges | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Interest rate risk | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||
Cash flow hedges | ( | ( | |||||||||||||||||||||||||||||||||
Fair value hedges | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Exchange rate risk | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Cash flow hedges | ( | ( | ( | ||||||||||||||||||||||||||||||||
Fair value hedges | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Net investments hedges | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
Interest rate and exchange rate risk | ( | ( | ( | ||||||||||||||||||||||||||||||||
Cash flow hedges | ( | ( | ( | ||||||||||||||||||||||||||||||||
Fair value hedges | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Undesignated derivatives | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Other derivatives of interest rate | ( | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Other derivatives of exchange rate | ( | ( | ( | ||||||||||||||||||||||||||||||||
Other derivatives | |||||||||||||||||||||||||||||||||||
Total derivative instruments | ( | ( | ( | ( | |||||||||||||||||||||||||||||||
No derivatives instruments of accounting hedges (***) | |||||||||||||||||||||||||||||||||||
Exchange rate risk | |||||||||||||||||||||||||||||||||||
Fair value hedges | |||||||||||||||||||||||||||||||||||
Net investments hedges |
December 31, 2020 | ||||||||||||||||||||||||||||||||
Hedged items carrying amount | Accumulated amount in the hedged item adjusted by fair value hedge (*) | |||||||||||||||||||||||||||||||
Millions of euros | Interest rate risk | Exchange rate risk | Interest rate and exchange rate risk | Total | Interest rate risk | Exchange rate risk | Interest rate and exchange rate risk | Total | Of which: accumulated amount of any hedge item that have cesased to be adjusted for gains and losses | |||||||||||||||||||||||
Assets | ( | ( | ||||||||||||||||||||||||||||||
Financial assets and other non-current assets | ( | ( | ||||||||||||||||||||||||||||||
Receivables and other current assets | ( | ( | ||||||||||||||||||||||||||||||
Other heading of assets | ||||||||||||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Non-current financial liabilities | ||||||||||||||||||||||||||||||||
Non-current lease liabilities | ||||||||||||||||||||||||||||||||
Payables and other non-current liabilities | ||||||||||||||||||||||||||||||||
Current financial liabilities | ||||||||||||||||||||||||||||||||
Payables and other current liabilities | ( | |||||||||||||||||||||||||||||||
December 31, 2019 | ||||||||||||||||||||||||||||||||
Hedged items carrying amount | Accumulated amount in the hedged item adjusted by fair value hedge (*) | |||||||||||||||||||||||||||||||
Millions of euros | Interest rate risk | Exchange rate risk | Interest rate and exchange rate risk | Total | Interest rate risk | Exchange rate risk | Interest rate and exchange rate risk | Total | Of which: accumulated amount of any hedge item that have cesased to be adjusted for gains and losses | |||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Financial assets and other non-current assets | ||||||||||||||||||||||||||||||||
Receivables and other current assets | ||||||||||||||||||||||||||||||||
Other current financial assets | ||||||||||||||||||||||||||||||||
Liabilities | ( | |||||||||||||||||||||||||||||||
Non-current financial liabilities | ||||||||||||||||||||||||||||||||
Payables and other non-current liabilities | ||||||||||||||||||||||||||||||||
Current financial liabilities | ||||||||||||||||||||||||||||||||
Payables and other current liabilities | ( | ( |
Derivate instruments | No derivate instruments | Total Gross amount | Tax effect | Total hedges in equity | |||||||||||||||||||||||||
Gains (losses) of cash flow hedges | Derivates - Net investment hedges | No Derivates - Net investment hedges | |||||||||||||||||||||||||||
Millions of euros | Interest rate risk | Exchange rate risk | Exchange rate and interest rate risks | ||||||||||||||||||||||||||
Balance at 12/31/2019 | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Changes in the fair value registered in equity | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Transfer to the initial value of hedged item | ( | ( | ( | ( | |||||||||||||||||||||||||
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen | |||||||||||||||||||||||||||||
Transfer to the income statement of the period - the hedged item has affected profit or loss | ( | ||||||||||||||||||||||||||||
Total translation differences | ( | ( | ( | ( | |||||||||||||||||||||||||
Other movements | ( | ||||||||||||||||||||||||||||
Balance at 12/31/2020 | ( | ( | ( | ( | |||||||||||||||||||||||||
Amounts remaining in equity for continuing hedges | ( | ( | ( | ||||||||||||||||||||||||||
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied | ( | ( | ( | ||||||||||||||||||||||||||
Balance at 12/31/2020 | ( | ( | ( | ||||||||||||||||||||||||||
Derivate instruments | No derivate instruments | Total Gross amount | Tax effect | Total hedges in equity | |||||||||||||||||||||||||
Gains (losses) of cash flow hedges | Derivates - Net investment hedges | No Derivates - Net investment hedges | |||||||||||||||||||||||||||
Millions of euros | Interest rate risk | Exchange rate risk | Exchange rate and interest rate risks | ||||||||||||||||||||||||||
Balance at 12/31/2018 | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Changes in the fair value registered in equity | ( | ( | ( | ( | |||||||||||||||||||||||||
Transfer to the initial value of hedged item | ( | ( | ( | ( | |||||||||||||||||||||||||
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen | |||||||||||||||||||||||||||||
Transfer to the income statement of the period - the hedged item has affected profit or loss | ( | ( | ( | ( | |||||||||||||||||||||||||
Total translation differences | ( | ||||||||||||||||||||||||||||
Other movements | ( | ( | |||||||||||||||||||||||||||
Balance at 12/31/2019 | ( | ( | ( | ( | ( | ||||||||||||||||||||||||
Amounts remaining in equity for continuing hedges | ( | ( | ( | ( | |||||||||||||||||||||||||
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied | ( | ( | ( | ||||||||||||||||||||||||||
Balance at 12/31/2019 | ( | ( | ( | ( | |||||||||||||||||||||||||
Exchange rate risk | Total gross amount | Tax effect | Total cost of hedging in equity | |||||||||||
Forward element /CBS | ||||||||||||||
Millions of euros | A time - period related hedge item | |||||||||||||
Balance at 12/31/2018 | ( | |||||||||||||
Changes in the fair value registered in equity | ( | ( | ( | |||||||||||
Transfer to the income statement of the period - the hedged item has affected profit or loss | ( | ( | ( | |||||||||||
Balance at 12/31/2019 | ( | |||||||||||||
Changes in the fair value registered in equity | ( | ( | ( | |||||||||||
Transfer to the income statement of the period - the hedged item has affected profit or loss | ( | ( | ( | |||||||||||
Balance at 12/31/2020 | ( | ( | ( |
2020 | |||||||||||
Millions of euros | Changes in fair value of the hedging instrument | Changes in the fair value of hedges item for the hedged risk | Ineffective portion hedged registered in the income statement | ||||||||
Interest rate risk | |||||||||||
Cash flow hedges | ( | ( | |||||||||
Fair value hedges | |||||||||||
Exchange rate risk | ( | ( | |||||||||
Cash flow hedges | ( | ( | |||||||||
Net investment hedges | |||||||||||
Interest rate and exchange rate risk | ( | ( | ( | ||||||||
Cash flow hedges | ( | ( | ( | ||||||||
Total | ( | ( |
2019 | |||||||||||
Millions of euros | Changes in fair value of the hedging instrument | Changes in the fair value of hedges item for the hedged risk | Ineffective portion hedged registered in the income statement | ||||||||
Interest rate risk | ( | ||||||||||
Cash flow hedges | ( | ( | ( | ||||||||
Fair value hedges | |||||||||||
Exchange rate risk | |||||||||||
Cash flow hedges | |||||||||||
Net investment hedges | ( | ( | |||||||||
Interest rate and exchange rate risk | ( | ||||||||||
Cash flow hedges | ( | ||||||||||
Total | ( |
Millions of euros | Lease liabilities | ||||
Balance at 12/31/2019 | |||||
Additions | |||||
Principal and interests payments | ( | ||||
Principal payments (Note 28) | ( | ||||
Interests payments (Note 28) | ( | ||||
Minus: Payments of companies held for sale | |||||
Disposals | ( | ||||
Exclusion of companies | |||||
Accrued interests (1) | |||||
Translation differences and hyperinflation adjustments | ( | ||||
Transfers and others | ( | ||||
Balance at 12/31/2020 |
Millions of euros | Lease liabilities | ||||
Balance at 12/31/2018 | |||||
First application impacts due to accounting changes IFRS16 (Note 2) | |||||
Balance at 01/01/2019 | |||||
Additions | |||||
Principal and interests payments | ( | ||||
Principal payments (Note 28) | ( | ||||
Interests payments (Note 28) | ( | ||||
Minus: Payments of companies held for sale and sold companies during 2019 | |||||
Disposals | ( | ||||
Exclusion of companies | ( | ||||
Accrued interests (1) | |||||
Translation differences and hyperinflation adjustments | |||||
Transfers and others | ( | ||||
Balance at 12/31/2019 |
Millions of euros | ||||||||||||||||||||||||||
Current | Non-Current | |||||||||||||||||||||||||
Maturity | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Non-current total | Total | ||||||||||||||||||
Lease liabilities |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Payables | ||||||||
Trade payables | ||||||||
Payables for spectrum acquisition | ||||||||
Other payables | ||||||||
Other non-current liabilities | ||||||||
Contractual liabilities (Note 23) | ||||||||
Deferred revenue | ||||||||
Current tax payables | ||||||||
Total |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Payables | ||||||||
Trade payables | ||||||||
Payables to suppliers of property, plant and equipment | ||||||||
Payables for spectrum acquisition | ||||||||
Other payables | ||||||||
Dividends pending payment | ||||||||
Associates and joint ventures payables (Note 10) | ||||||||
Other current liabilities | ||||||||
Contract liabilities (Note 23) | ||||||||
Deferred revenue | ||||||||
Advances received | ||||||||
Total |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Accrued employee benefits | ||||||||
Other non-financial non-trade payables | ||||||||
Total |
2020 | 2019 | |||||||
Number of days | ||||||||
Weighted average maturity period | ||||||||
Ratio of payments | ||||||||
Ratio of outstanding invoices | ||||||||
Millions of euros | ||||||||
Total payments | ||||||||
Outstanding invoices |
Millions of euros | Balance at 12/31/19 | Additions | Disposals | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/20 | ||||||||||||||||
Long-term contractual assets (Note 12) | ( | ( | ( | ||||||||||||||||||||
Contractual assets | ( | ( | ( | ||||||||||||||||||||
Impairment losses | ( | ( | ( | ||||||||||||||||||||
Short-term contractual assets (Note 14) | ( | ( | ( | ||||||||||||||||||||
Contractual assets | ( | ( | ( | ||||||||||||||||||||
Impairment losses | ( | ( | ( | ||||||||||||||||||||
Total | ( | ( | ( |
Millions of euros | Balance at 12/31/18 | Additions | Disposals | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/19 | ||||||||||||||||
Long-term contractual assets (Note 12) | ( | ( | |||||||||||||||||||||
Contractual assets | ( | ( | |||||||||||||||||||||
Impairment losses | ( | ( | ( | ||||||||||||||||||||
Short-term contractual assets (Note 14) | ( | ( | |||||||||||||||||||||
Contractual assets | ( | ( | |||||||||||||||||||||
Impairment losses | ( | ( | ( | ( | |||||||||||||||||||
Total | ( | ( | ( |
Millions of euros | Balance at 12/31/19 | Additions | Disposals | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/20 | ||||||||||||||||
Non-current capitalized costs (Note 12) | ( | ( | ( | ||||||||||||||||||||
Of obtaining a contract | ( | ( | ( | ||||||||||||||||||||
Of fulfilling a contract | ( | ||||||||||||||||||||||
Impairment losses | |||||||||||||||||||||||
Current capitalized costs (Note 14) | ( | ( | |||||||||||||||||||||
Of obtaining a contract | ( | ( | |||||||||||||||||||||
Of fulfilling a contract | ( | ( | |||||||||||||||||||||
Impairment losses | |||||||||||||||||||||||
Total | ( | ( | ( |
Millions of euros | Balance at 12/31/18 | Additions | Disposals | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/19 | ||||||||||||||||
Non-current capitalized costs (Note 12) | ( | ( | |||||||||||||||||||||
Of obtaining a contract | ( | ( | |||||||||||||||||||||
Of fulfilling a contract | ( | ( | |||||||||||||||||||||
Impairment losses | |||||||||||||||||||||||
Current capitalized costs (Note 14) | ( | ( | |||||||||||||||||||||
Of obtaining a contract | ( | ( | |||||||||||||||||||||
Of fulfilling a contract | ( | ( | ( | ||||||||||||||||||||
Impairment losses | |||||||||||||||||||||||
Total | ( | ( | ( |
Millions of euros | Balance at 12/31/19 | Additions | Disposals (previous years) | Disposals (current year) | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/20 | ||||||||||||||||||
Long-term contractual liabilities (Note 21) | ( | ( | ( | |||||||||||||||||||||||
Short-term contractual liabilities (Note 22) | ( | ( | ( | ( | ||||||||||||||||||||||
Total | ( | ( | ( | ( |
Millions of euros | Balance at 12/31/18 | Additions | Disposals (previous years) | Disposals (current year) | Transfers | Translation differences and hyperinflation adjustments | Other movements | Balance at 12/31/19 | ||||||||||||||||||
Long-term contractual liabilities (Note 21) | ( | ( | ( | |||||||||||||||||||||||
Short-term contractual liabilities (Note 22) | ( | ( | ( | |||||||||||||||||||||||
Total | ( | ( | ( | ( |
Millions of euros | 2021 | 2022 | 2023 | Subsequent years | Total | ||||||||||||
Contractual liabilities, activation fees | |||||||||||||||||
Contractual liabilities, sales of prepay cards | |||||||||||||||||
Contractual liabilities, services | |||||||||||||||||
Contractual liabilities, sales of handsets | |||||||||||||||||
Contractual liabilities, sales of other equipments | |||||||||||||||||
Contractual liabilities, irrevocable rights to use | |||||||||||||||||
Other contractual liabilities | |||||||||||||||||
Maturity of performance obligations |
12/31/2020 | 12/31/2019 | |||||||||||||||||||
Millions of euros | Current | Non-current | Total | Current | Non-current | Total | ||||||||||||||
Employee benefits | ||||||||||||||||||||
Termination plans | ||||||||||||||||||||
Post-employment defined benefit plans | ||||||||||||||||||||
Other benefits | ||||||||||||||||||||
Dismantling of assets | ||||||||||||||||||||
Other provisions | ||||||||||||||||||||
Total |
Millions of euros | 2020 | 2019 | ||||||
Telefónica Spain | ( | |||||||
Telefónica United Kingdom | ||||||||
Telefónica Germany | ||||||||
Telefónica Hispam | ||||||||
Other companies | ||||||||
Total |
Millions of euros | Total | ||||
Provisions for termination plans at 12/31/18 | |||||
Additions | |||||
Retirements/amount applied | ( | ||||
Translation differences, hyperinflation adjustments and accretion | |||||
Other | |||||
Provisions for termination plans at 12/31/19 | |||||
Additions | |||||
Retirements/amount applied | ( | ||||
Transfers | ( | ||||
Translation differences, hyperinflation adjustments and accretion | ( | ||||
Provisions for termination plans at 12/31/20 |
12/31/2020 | ||||||||||||||||||||
Millions of euros | United Kingdom | Germany | Brazil | Hispam | Others | Total | ||||||||||||||
Obligation | ||||||||||||||||||||
Assets | ( | ( | ( | ( | ||||||||||||||||
Net provision before asset ceiling | ( | |||||||||||||||||||
Asset ceiling | ||||||||||||||||||||
Total | ||||||||||||||||||||
Net provision | ||||||||||||||||||||
Net assets |
12/31/2019 | ||||||||||||||||||||
Millions of euros | United Kingdom | Germany | Brazil | Hispam | Others | Total | ||||||||||||||
Obligation | ||||||||||||||||||||
Assets | ( | ( | ( | ( | ( | |||||||||||||||
Net provision before asset ceiling | ( | |||||||||||||||||||
Asset ceiling | ||||||||||||||||||||
Total | ||||||||||||||||||||
Net provision | ||||||||||||||||||||
Net assets |
Millions of euros | United Kingdom | Germany | Brazil | Hispam | Other | Total | ||||||||||||||
Present value of obligation at 12/31/2018 | ||||||||||||||||||||
Translation differences | ( | ( | ||||||||||||||||||
Current service cost | ( | |||||||||||||||||||
Interest cost | ||||||||||||||||||||
Actuarial losses and gains | ( | |||||||||||||||||||
Benefits paid | ( | ( | ( | ( | ( | ( | ||||||||||||||
Plan curtailments | ||||||||||||||||||||
Other movements | ( | ( | ||||||||||||||||||
Present value of obligation at 12/31/2019 | ||||||||||||||||||||
Translation differences | ( | ( | ( | ( | ( | |||||||||||||||
Current service cost | ||||||||||||||||||||
Interest cost | ||||||||||||||||||||
Actuarial losses and gains | ( | ( | ||||||||||||||||||
Benefits paid | ( | ( | ( | ( | ( | |||||||||||||||
Transfers | ( | ( | ||||||||||||||||||
Other movements | ( | |||||||||||||||||||
Present value of obligation at 12/31/2020 |
Millions of euros | United Kingdom | Germany | Brazil | Other | Total | ||||||||||||
Fair value of plan assets at 12/31/2018 | |||||||||||||||||
Translation differences | ( | ||||||||||||||||
Interest income | |||||||||||||||||
Actuarial losses and gains | |||||||||||||||||
Company contributions | |||||||||||||||||
Participants contributions | |||||||||||||||||
Benefits paid | ( | ( | ( | ( | |||||||||||||
Other movements | ( | ( | ( | ( | |||||||||||||
Fair value of plan assets at 12/31/2019 | |||||||||||||||||
Translation differences | ( | ( | ( | ( | |||||||||||||
Interest income | |||||||||||||||||
Actuarial losses and gains | ( | ( | |||||||||||||||
Company contributions | |||||||||||||||||
Benefits paid | ( | ( | ( | ||||||||||||||
Transfers | ( | ( | |||||||||||||||
Other movements | ( | ( | |||||||||||||||
Fair value of plan assets at 12/31/2020 |
Millions of euros | |||||
Obligation | |||||
Assets | ( | ||||
Total | ( | ||||
Net provision | |||||
Net assets |
Millions of euros | |||||
Present value of obligation at 12/31/2019 | |||||
Translation differences | ( | ||||
Interest cost | |||||
Actuarial losses and gains | |||||
Benefits paid | ( | ||||
Present value of obligation at 12/31/2020 |
Millions of euros | |||||
Fair value of plan assets at 12/31/2019 | |||||
Translation differences | ( | ||||
Interest income | |||||
Company contributions | |||||
Benefits paid | ( | ||||
Actuarial losses and gains | |||||
Other movements | ( | ||||
Fair value of plan assets at 12/31/2020 |
12/31/2020 | 12/31/2019 | |||||||
Nominal rate of pension payment increase | % | % | ||||||
Discount rate | % | % | ||||||
Expected inflation | % | % | ||||||
Mortality tables | 95% S2NMA/S2NFA | 95% S2NA, | ||||||
CMI 2019 1% 7 and a initial addition of 0.25% | CMI 2018 1% 7 and a initial addition of 0.25% |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Credit instruments | ||||||||
Cash equivalents | ||||||||
Total |
Millions of euros | Increase in defined benefit obligation | ||||
Discount rate (0.25% decrease) | |||||
Expected inflation (0.25% increase) | |||||
Life expectancy (1 year longer) |
Plans | Management entity | Sponsor | ||||||
Health plans | ||||||||
Plano de Assistência Médica ao Aposentado y Programa de Coberturas Especiais (PAMA/PCE) | Fundação Sistel de Seguridade Social | Telefônica Brasil, jointly and severally with other companies resulting from the privatization of Telebrás (Telecomunicações Brasileiras, S.A.) | ||||||
Assistencia médica – Lei 9.656/98 | Telefônica Brasil | Telefônica Brasil, Terra Networks, TGLog and TIS | ||||||
Pension plans | ||||||||
PBS Assistidos (PBS-A) | Fundação Sistel de Seguridade Social | Telefônica Brasil, jointly and severally with other companies resulting from the privatization of Telebrás (Telecomunicações Brasileiras, S.A.) | ||||||
CTB | Telefônica Brasil | Telefônica Brasil | ||||||
Telefônica BD | Visão Prev | Telefônica Brasil | ||||||
Planes VISAO | Visão Prev | Telefônica Brasil, Terra Networks, TGLog and TIS |
12/31/2020 | 12/31/2019 | |||||||
Discount rate | 6.37% - 7.88% | 6.65% - 7.54% | ||||||
Nominal rate of salary increase | 4.58% - 6.35% | % | ||||||
Long-term inflation rate | % | % | ||||||
Growth rate for medical costs | % | % | ||||||
Mortality tables | AT 2000 M/F | AT 2000 M/F |
Present value of the discounted obligation at the current discount rate | Present value of the obligation by increasing the discount rate by 0.5% | Present value of the obligation by reducing the discount rate by 0.5% | |||||||||
Pension plans | |||||||||||
Health plans | |||||||||||
Total obligation |
Present value of the obligation at the current growth rate for medical costs | Present value of the obligation by increasing the rate by 1% | Present value of the obligation by reducing the rate by 1% | |||||||||
Pension plans | |||||||||||
Health plans | |||||||||||
Total obligation |
-100 b.p. | +100 b.p. | ||||||||||
Impact on value | Impact on income statement | Impact on value | Impact on income statement | ||||||||
( | ( |
Millions of euros | |||||
Dismantling of assets at December 31, 2018 | |||||
Additions and accretion | |||||
Retirements/amount applied | ( | ||||
Translation differences and other | ( | ||||
Dismantling of assets at December 31, 2019 | |||||
Additions and accretion | |||||
Retirements/amount applied | ( | ||||
Transfers | ( | ||||
Translation differences and other | ( | ||||
Dismantling of assets at December 31, 2020 |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Telefónica Spain | ||||||||
Telefónica Germany | ||||||||
Telefónica Brazil | ||||||||
Telefónica United Kingdom | ||||||||
Telefónica Hispam | ||||||||
Telxius Group | ||||||||
Other companies | ||||||||
Total |
Millions of euros | |||||
Other provisions at December 31, 2018 | |||||
Reclassification entry into force IFRIC 23 | ( | ||||
Additions and accretion | |||||
Retirements/amount applied | ( | ||||
Transfers | |||||
Translation differences and other | ( | ||||
Other provisions at December 31, 2019 | |||||
Additions and accretion | |||||
Retirements/amount applied | ( | ||||
Transfers | ( | ||||
Translation differences and other | ( | ||||
Other provisions at December 31, 2020 |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Tax proceedings | ||||||||
Regulatory proceedings | ||||||||
Labor claims | ||||||||
Civil proceedings | ||||||||
Total |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Federal taxes | ||||||||
State taxes | ||||||||
Municipal taxes | ||||||||
FUST | ||||||||
Total |
Millions of euros | |||||
Balance at 12/31/2018 | |||||
Reclassification entry into force IFRIC 23 | ( | ||||
Movements with a counterparty in the income statement | |||||
Write-offs due to payment | ( | ||||
Monetary updating | |||||
Translation differences | ( | ||||
Balance at 12/31/2019 | |||||
Movements with a counterparty in the income statement | |||||
Write-offs due to payment | ( | ||||
Monetary updating | |||||
Translation differences | ( | ||||
Balance at 12/31/2020 |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Tax proceedings | ||||||||
Labor claims | ||||||||
Civil proceedings | ||||||||
Regulatory proceedings | ||||||||
Garnishments | ||||||||
Total | ||||||||
Current (see Note 15) | ||||||||
Non-current (see Note 12) |
Millions of euros | Deferred tax assets | Deferred tax liabilities | ||||||
Balance at December 31, 2019 | ||||||||
Additions | ||||||||
Disposals | ( | ( | ||||||
Transfers | ( | ( | ||||||
Translation differences and hyperinflation adjustments | ( | ( | ||||||
Company movements and others | ( | |||||||
Balance at December 31, 2020 |
Millions of euros | Deferred tax assets | Deferred tax liabilities | ||||||
Balance at December 31, 2018 | ||||||||
Reclassification entry into force IFRIC 23 | ||||||||
Additions | ||||||||
Disposals | ( | ( | ||||||
Transfers | ( | ( | ||||||
Translation differences and hyperinflation adjustments | ( | ( | ||||||
Company movements and others | ( | |||||||
Balance at December 31, 2019 |
Millions of euros | |||||||||||
12/31/2020 | Total | Less than 1 year | More than 1 year | ||||||||
Deferred tax assets | |||||||||||
Deferred tax liabilities | ( |
Millions of euros | |||||||||||
12/31/2019 | Total | Less than 1 year | More than 1 year | ||||||||
Deferred tax assets | |||||||||||
Deferred tax liabilities | ( |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Tax credits for loss carryforwards | ||||||||
Unused tax deductions | ||||||||
Deferred tax assets for temporary differences | ||||||||
Total deferred tax assets |
Location of the company (Millions of euros) | Balance at 12/31/2019 | Additions | Reversals | Perimeter changes | Translation differences and other | Balance at 12/31/2020 | ||||||||||||||
Spain | ( | |||||||||||||||||||
Germany | ( | ( | ||||||||||||||||||
Latin America | ( | ( | ||||||||||||||||||
Other countries | ||||||||||||||||||||
Total tax credits for loss carryforwards | ( | ( |
Location of the company (Millions of euros) | Balance at 12/31/2018 | Additions | Reversals | Perimeter changes | Translation differences and other | Balance at 12/31/2019 | ||||||||||||||
Spain | ( | ( | ||||||||||||||||||
Germany | ( | |||||||||||||||||||
Latin America | ( | ( | ||||||||||||||||||
Other countries | ||||||||||||||||||||
Total tax credits for loss carryforwards | ( | ( |
Millions of euros | Total | Less than 1 year | More than 1 year | ||||||||
Tax loss carryforwards generated in the tax group | |||||||||||
Tax loss carryforwards generated before consolidation in the tax group |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Goodwill and intangible assets | ||||||||
Property, plant and equipment | ||||||||
Personnel commitments | ||||||||
Provisions | ||||||||
Investments in subsidiaries, associates and other shareholdings | ||||||||
Inventories and receivables | ||||||||
Rights of use | ||||||||
Lease liabilities | ||||||||
Other concepts | ||||||||
Total deferred tax assets for temporary differences | ||||||||
Deferred tax assets and liabilities offset | ( | ( | ||||||
Total deferred tax assets for temporary differences registered in the statement of financial position |
Millions of euros | 12/31/2020 | 12/31/2019 | ||||||
Goodwill and intangible assets | ||||||||
Property, plant and equipment | ||||||||
Personnel commitments | ||||||||
Provisions | ||||||||
Investments in subsidiaries, associates and other shareholdings | ||||||||
Inventories and receivables | ||||||||
Rights of use | ||||||||
Other concepts | ||||||||
Total deferred tax liabilities for temporary differences | ||||||||
Deferred tax assets and liabilities offset | ( | ( | ||||||
Total deferred tax liabilities for temporary differences registered in the statement of financial position |
Millions of euros | Balance at 12/31/2020 | Balance at 12/31/2019 | ||||||
Tax payables | ||||||||
Tax withholdings | ||||||||
Indirect taxes | ||||||||
Social security | ||||||||
Current income taxes payable | ||||||||
Other | ||||||||
Total | ||||||||
Millions of euros | Balance at 12/31/2020 | Balance at 12/31/2019 | ||||||
Tax receivables | ||||||||
Indirect taxes | ||||||||
Current income taxes receivable | ||||||||
Other | ||||||||
Total |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Accounting profit before tax | |||||||||||
Tax expense at prevailing statutory rate | |||||||||||
Permanent differences | ( | ||||||||||
Changes in deferred tax charge due to changes in tax rates | |||||||||||
(Capitalization)/reversal of tax deduction and tax relief | ( | ( | |||||||||
(Capitalization)/reversal of loss carryforwards | ( | ( | |||||||||
Increase/(decrease) in tax expense arising from temporary differences | ( | ||||||||||
Other concepts | ( | ( | |||||||||
Corporate income tax | |||||||||||
Breakdown of current/deferred tax expense | |||||||||||
Current tax expense | |||||||||||
Deferred tax expense/(benefit) | ( | ||||||||||
Total Corporate income tax |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Rendering of services | |||||||||||
Sales | |||||||||||
Total |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Own work capitalized | |||||||||||
Gain on disposal of companies | |||||||||||
Gain on disposal of other assets | |||||||||||
Government grants | |||||||||||
Other operating income | |||||||||||
Total |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Leases included in "Other expenses" (1) | |||||||||||
Other external services | |||||||||||
Taxes other than income tax | |||||||||||
Change in trade provisions | |||||||||||
Losses on disposal of fixed assets and changes in provisions for fixed assets | |||||||||||
Goodwill impairment (Note 7) | |||||||||||
Other operating expenses | |||||||||||
Total |
Millions of euros | Purchases and other contractual commitments | ||||
Less than 1 year | |||||
1 to 3 years | |||||
3 to 5 years | |||||
More than 5 years | |||||
Total |
2020 | 2019 | 2018 | ||||||||||||||||||
Average | Year-end | Average | Year-end | Average | Year-end | |||||||||||||||
Telefónica Spain | ||||||||||||||||||||
Telefónica United Kingdom | ||||||||||||||||||||
Telefónica Germany | ||||||||||||||||||||
Telefónica Brazil | ||||||||||||||||||||
Telefónica Hispam | ||||||||||||||||||||
Telxius Group | ||||||||||||||||||||
Other companies | ||||||||||||||||||||
Total |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Property, plant and equipment (Note 8) | |||||||||||
Intangible assets (Note 6) | |||||||||||
Rights of use (Note 9) | n.a. | ||||||||||
Total |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Profit attributable to ordinary equity holders of the parent from continuing operations | |||||||||||
Adjustment for the coupon corresponding to undated deeply subordinated securities | ( | ( | ( | ||||||||
Tax effect | |||||||||||
Total profit attributable to ordinary equity holders of the parent for basic and diluted earnings per share from continuing operations |
Number of shares (thousands) | 2020 | 2019 (*) | 2018 (*) | ||||||||
Weighted average number of ordinary shares (excluding treasury shares) for basic earnings per share | |||||||||||
Telefónica, S.A. share option plans | |||||||||||
Weighted average number of ordinary shares outstanding for diluted earnings per share (excluding treasury shares) | |||||||||||
(*) Revised data. |
Figures in euros | 2020 | 2019 | 2018 | ||||||||
Basic earnings per share | |||||||||||
Diluted earnings per share |
Second cycle | No. of shares assigned | Outstanding shares at 12/31/2020 | Unit fair value (euros) | ||||||||
TSR Objective | |||||||||||
FCF Objective |
Third cycle | No. of shares assigned | Outstanding shares at 12/31/2020 | Unit fair value (euros) | ||||||||
TSR Objective | |||||||||||
FCF Objective |
Second cycle | No. of shares assigned | Outstanding shares at 12/31/2020 | Unit fair value (euros) | ||||||||
TSR Objective | |||||||||||
FCF Objective |
Third cycle | No. of shares assigned | Outstanding shares at 12/31/2020 | Unit fair value (euros) | ||||||||
TSR Objective | |||||||||||
FCF Objective |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Cash received from operations | |||||||||||
Cash paid from operations | ( | ( | ( | ||||||||
Cash paid to suppliers | ( | ( | ( | ||||||||
Cash paid to employees | ( | ( | ( | ||||||||
Payments related to cancellation of commitments | ( | ( | ( | ||||||||
Net payments of interest and other financial expenses net of dividends received | ( | ( | ( | ||||||||
Net interest and other financial expenses paid | ( | ( | ( | ||||||||
Dividends received | |||||||||||
Taxes proceeds / (payments) | ( | ( | |||||||||
Net cash flow provided by operating activities |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Proceeds from the sale in property, plant and equipment and intangible assets | |||||||||||
Payments on investments in property, plant and equipment and intangible assets | ( | ( | ( | ||||||||
(Payments on investments)/proceeds from the sale in property, plant and equipment and intangible assets, net | ( | ( | ( |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Sale of Axonix Ltd and Telefónica Digital Inc. | |||||||||||
Sale of Seguros de Vida y Pensiones Antares, S.A. (Note 2) | |||||||||||
Sale of Telefónica Móviles Guatemala, S.A. (Note 2) | |||||||||||
Sale of Telefonía Celular de Nicaragua, S.A. (Note 2) | |||||||||||
Sale of Telefónica Móviles Panamá, S.A. (Note 2) | |||||||||||
Sale of data center businesses (Note 2) | |||||||||||
Tax associated with the sales of operating businesses in Guatemala, Nicaragua and Panamá in Telefónica Centroamérica Inversiones, S.L. | ( | ||||||||||
Others | |||||||||||
Proceeds on disposals of companies, net of cash and cash equivalents disposed | |||||||||||
Payments on investments in companies, net of cash and cash equivalents acquired | ( | ( | ( |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Investments of Seguros de Vida y Pensiones Antares, S.A. | |||||||||||
Sale of stake in Shortcut I GmbH & Co. KG | |||||||||||
Collateral guarantees on derivatives | |||||||||||
Legal deposits | |||||||||||
Others | |||||||||||
Proceeds on financial investments not included under cash equivalents | |||||||||||
Legal deposits | ( | ( | |||||||||
Collateral guarantees on derivatives | ( | ( | ( | ||||||||
Derivatives of Telefónica, S.A. | ( | ||||||||||
Capital increase in PRISA (Note 12) | ( | ||||||||||
Others | ( | ( | ( | ||||||||
Payments on financial investments not included under cash equivalents | ( | ( | ( |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Dividends paid to the shareholders of Telefónica, S.A. (*) | ( | ( | ( | ||||||||
Payments to non-controlling interests of Telefônica Brasil, S.A. | ( | ( | ( | ||||||||
Payments to non-controlling interests of Telefónica Deutschland Holding, A.G. | ( | ( | ( | ||||||||
Payments to non-controlling interests of Telefónica Centroamérica Inversiones, S.L. | ( | ( | |||||||||
Payments to non-controlling interests of Telxius Telecom, S.A. and Pontel Participaciones, S.L. | ( | ( | ( | ||||||||
Others | ( | ( | ( | ||||||||
Dividends paid (see Note 17) | ( | ( | ( | ||||||||
Share capital increase Pontel and Telxius (see Note 17.i) | |||||||||||
Sale of 16.65% of Pontel Participaciones, S.L. (see Note 5) | |||||||||||
Transactions carried out by Telefónica, S.A. (see Note 17) | ( | ( | |||||||||
Telefónica Centroamérica Inversiones, S.L. share premium (ECPN.) refund related to the sale of T. Guatemala, T. Nicaragua and T. Panama | ( | ||||||||||
Others | ( | ( | |||||||||
(Payments)/proceeds of treasury shares and other operations with shareholders and with minority interests | ( | ( | |||||||||
Issuance of undated deeply subordinated securities (Note 17) | |||||||||||
Acquisition of undated deeply subordinated securities (Note 17) | ( | ( | ( | ||||||||
Payment of undated deeply subordinated securities (Note 17) | ( | ( | ( | ||||||||
Payment of the coupon related to the issuances of undated deeply subordinated securities issued (see Note 17) | ( | ( | ( | ||||||||
Operations with other equity holders | ( | ( |
Millions of euros | 2020 | 2019 | 2018 | ||||||||
Issued under the EMTN program of Telefónica Emisiones, S.A.U. (see Appendix III) (*) | |||||||||||
Issued under the SHELF program of Telefónica Emisiones, S.A.U. (see Appendix III) (*) | |||||||||||
Issuance of O2 Telefónica Deutschland Finanzierungs, GmbH (Appendix III) | |||||||||||
Issuance of Telefónica del Perú, S.A.A. (*) | |||||||||||
Issuance of Colombia Telecomunicaciones S.A, E.S.P. | |||||||||||
Others | ( | ||||||||||
Proceeds on issue of debentures and bonds, and other debts | |||||||||||
Structured financing | |||||||||||
Disposal bilateral loans of Telefónica, S.A. (see Note 18) | |||||||||||
Syndicated loan of Telxius Telecom, S.A. | |||||||||||
Syndicated bilateral loan of Telxius Telecom, S.A. | |||||||||||
Settlement of nominal value of gross debt hedging derivatives | |||||||||||
Disposal bilateral loans and syndicated loan of Colombia Telecomunicaciones, S.A, E.S.P. | |||||||||||
Others | |||||||||||
Proceeds on loans, borrowings and promissory notes (see Appendix V) | |||||||||||
Repayments of debentures and bonds, and other debts | ( | ( | ( | ||||||||
Amortization bilateral loans of Telefónica, S.A. | ( | ( | |||||||||
Amortization of structured financing of Telefónica Europe B.V. | ( | ||||||||||
Settlement of nominal value of amortized debt hedging derivatives | ( | ( | ( | ||||||||
Others | ( | ( | ( | ||||||||
Repayments of loans, borrowings and promissory notes (see Appendix V) | ( | ( | ( | ||||||||
Lease principal payments (Note 20) | ( | ( | |||||||||
Financed spectrum licenses payments (Note 21) | ( | ( | ( | ||||||||
Payments for investments in spectrum use licenses financed without explicit interest (Notes 2 and 21) | ( | ( | |||||||||
Payments to suppliers with extended payment terms (Note 18) | ( | ( | ( | ||||||||
Financed operating payments and investments in property, plant and equipment and intangible assets payments | ( | ( | ( |
2020 | 2019 | |||||||||||||||||||
Millions of euros | PwC Auditores, S.L. | Other PwC | Total | PwC Auditores, S.L. | Other PwC | Total | ||||||||||||||
Audit services | ||||||||||||||||||||
Audit-related services | ||||||||||||||||||||
Tax services | ||||||||||||||||||||
All other services (consulting, advisory, etc.) | ||||||||||||||||||||
Total |
Amounts in euros | |||||||||||
Position | Board of Directors | Executive Commission | Advisory or Control Committees (*) | ||||||||
Chairman | |||||||||||
Vice chairman | |||||||||||
Executive Member | |||||||||||
Proprietary Member | |||||||||||
Independent Member | |||||||||||
Other external |
2020 | ||||||||
Millions of euros | Non-current assets and disposal groups held for sale | Liabilities associated with non-current assets and disposal groups held for sale | ||||||
Telefónica United Kingdom | ||||||||
Telecommunications towers divisions of Telxius | ||||||||
Telefónica de Costa Rica | ||||||||
Other assets | ||||||||
Total |
2019 | ||||||||
Millions of euros | Non-current assets and disposal groups held for sale | Liabilities associated with non-current assets and disposal groups held for sale | ||||||
Telefónica Móviles El Salvador | ||||||||
Telefónica de Costa Rica | ||||||||
Other assets | — | |||||||
Total |
2020 | |||||||||||
Millions of euros | T. Costa Rica | Telecommunications towers divisions of Telxius | T. United Kingdom | ||||||||
Non-current assets | |||||||||||
Intangible assets | |||||||||||
Goodwill | |||||||||||
Property, plant and equipment | |||||||||||
Rights of use | |||||||||||
Investments accounted for by the equity method | |||||||||||
Financial assets and other non-current assets | |||||||||||
Deferred tax assets | |||||||||||
Current assets | |||||||||||
Inventories | |||||||||||
Receivables and other current assets | |||||||||||
Tax receivables | |||||||||||
Other current financial assets | |||||||||||
Cash and cash equivalents | |||||||||||
Non-current liabilities | |||||||||||
Non-current lease liabilities | |||||||||||
Payable and other non-current liabilities | |||||||||||
Deferred tax liabilities | |||||||||||
Non-current provisions | |||||||||||
Current liabilities | |||||||||||
Current lease liabilities | |||||||||||
Payables and other current liabilities | |||||||||||
Tax payables | |||||||||||
Current provisions |
2019 | ||||||||
Millions of euros | T. Costa Rica | T. Móviles El Salvador | ||||||
Non-current assets | ||||||||
Intangible assets | ||||||||
Goodwill | ||||||||
Property, plant and equipment | ||||||||
Rights of use | ||||||||
Financial assets and other non-current assets | ||||||||
Deferred tax assets | ||||||||
Current assets | ||||||||
Inventories | ||||||||
Receivables and other current assets | ||||||||
Tax receivables | ||||||||
Other current financial assets | ||||||||
Cash and cash equivalents | ||||||||
Non-current liabilities | ||||||||
Non-current financial liabilities | ||||||||
Non-current lease liabilities | ||||||||
Payable and other non-current liabilities | ||||||||
Deferred tax liabilities | ||||||||
Non-current provisions | ||||||||
Current liabilities | ||||||||
Current financial liabilities | ||||||||
Current lease liabilities | ||||||||
Payables and other current liabilities | ||||||||
Tax payables | ||||||||
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Telefónica Spain | |||||||||||||||||
Telefónica de España, S.A.U. Telecommunications service provider | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Móviles España, S.A.U. Wireless communications services provider | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Acens Technologies, S.L. Holding housing and telecommunications solutions Service provider | Spain | EUR | % | Telefónica de España, S.A.U. | |||||||||||||
Teleinformática y Comunicaciones, S.A.U. (Telyco) Promotion, marketing and distribution of telephone and telematic equipment and services | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
Telefónica Soluciones de Informática y Com. de España S.A.U. Telecommunications systems, networks and infrastructure engineering | Spain | EUR | % | Telefónica de España, S.A.U. | |||||||||||||
Telefónica Soluciones de Outsourcing, S.A. Promotion and networks management | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
Telefónica Servicios Integrales de Distribución S.A.U. Logistic service provider | Spain | EUR | % | Telefónica de España, S.A.U. | |||||||||||||
Telefónica de Contenidos, S.A.U. Organization and operation of multimedia service-related business | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Servicios Audiovisuales, S.A.U. Provision of all type of audiovisual telecommunications services | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
Telefónica Broadcast Services, S.L.U. DSNG-based transmission and operation services | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
TBSC Barcelona Producciones, S.L.U. Provision of audiovisual telecommunications services | Spain | EUR | % | Telefónica Broadcast Services, S.L.U. | |||||||||||||
Telefónica Audiovisual Digital, S.L.U. Provision of all type of audiovisual telecommunications services | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
Compañía Independiente de Televisión, S.L. Provision of all type of audiovisual telecommunications services | Spain | EUR | % | Telefónica Audiovisual Digital, S.L.U. | |||||||||||||
Telefónica Global Technology, S.A.U. Global management and operation of IT systems | Spain | EUR | % | Telefónica de Contenidos, S.A.U. | |||||||||||||
Buendía Producción, S.L. Service provision related to film and video production activities | Spain | EUR | % | Telefónica Audiovisual Digital, S.L.U. | |||||||||||||
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Telefónica United Kingdom | |||||||||||||||||
O2 Holdings Ltd Holding company | United Kingdom | GBP | % | Telefónica O2 Holding Ltd. | |||||||||||||
Telefónica United Kingdom Ltd. Wireless communications | United Kingdom | GBP | % | O2 Holdings Ltd. | |||||||||||||
Giffgaff Ltd Wireless communications services provider | United Kingdom | GBP | % | Telefónica United Kingdom Ltd. | |||||||||||||
O2 Networks Ltd. Holding company | United Kingdom | GBP | % | O2 Holdings Ltd. | |||||||||||||
Cornerstone Telecomunications Network sharing | United Kingdom | GBP | % | O2 Networks Ltd. (40%) O2 Cedar Ltd (10%) | |||||||||||||
Telefónica Germany | |||||||||||||||||
Telefónica Deutschland Holding A.G Holding company | Germany | EUR | % | Telefónica Germany Holdings Limited | |||||||||||||
Telefónica Germany GmbH & Co. OHG Wireless communications services operator | Germany | EUR | % | Telefónica Deutschland Holding A.G (69.21%) T. Germany Management, GmbH (0.01%) | |||||||||||||
E-Plus Service GmbH Wireless communications services operato | Germany | EUR | % | Telefónica Germany GmbH & Co. OHG | |||||||||||||
Telefónica Germany Business Sales GmbH Technological and consulting services in Big Data provider | Germany | EUR | % | Telefónica Germany GmbH & Co. OHG | |||||||||||||
O2 Telefónica Deutschland Finanzierungs GmbH Integrated cash management, consulting and financial support for Group companies | Germany | EUR | % | Telefónica Germany GmbH & Co. OHG | |||||||||||||
Telefónica Brazil | |||||||||||||||||
Telefônica Brasil, S.A. Wireline telephony operator | Brazil | BRL | % | Telefónica Latinoamérica Holding, S.L.U.(24.18%) Telefónica, S.A. (29.77%) Sao Paulo Telecomunicaçoes Participaçoes, Ltda. (19.67%) Telefónica Chile, S.A. (0.06%) | |||||||||||||
Terra Networks Brasil, Ltda. ISP and portal | Brazil | BRL | % | Telefônica Brasil, S.A. | |||||||||||||
Telefônica Infraestructura e Segurança Brasil Ltda. Security services and systems | Brazil | BRL | % | Terra Networks Brasil, Ltda. | |||||||||||||
Telxius Group | |||||||||||||||||
Telxius Telecom, S.A. Telecommunications service provider | Spain | EUR | % | Pontel Participaciones, S.L. | |||||||||||||
Telxius Cable América, S.A. Provision of high bandwidth communications services | Uruguay | USD | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Cable España, S.L.U. Establishment and operation of any kind of communications infrastructure and/or network | Spain | EUR | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Cable República Dominicana, S.A.S. Telecommunications service provider | Republica Dominicana | USD | % | Telxius Cable América, S.A. (49.51%) Telxius Cable España, S.L.U. (0.50%) | |||||||||||||
Telxius Cable Argentina, S.A. Operation and deployment of telecommunications infraestructure | Argentina | USD | % | Telxius Cable América, S.A. (49.98%) Telxius Cable España, S.L.U. (0.03%) | |||||||||||||
Telxius Cable Panamá, S.A. Installation and operation of telecommunications networks for wholesalers | Panama | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable Puerto Rico, Inc. High capacity optical fibre network communications services | Puerto Rico | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable USA, Inc. High bandwidth communications services | USA | USD | % | Telxius Cable América, S.A. |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Telxius Group (Cont.) | |||||||||||||||||
Telxius Cable Ecuador, S.A. Sale of usage of data transmission capacity via an underwater optical fibre network | Ecuador | USD | % | Telxius Cable América, S.A. (50%) Telxius Cable Perú, S.A.C. (0.01%) | |||||||||||||
Telxius Cable Chile, S.A. Involvement in businesses related to public or private telecommunications services | Chile | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable Guatemala, S.A. Installation and operation of telecommunications networks for wholesalers | Guatemala | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable Perú, S.A.C. Involvement in the operation and deployment of international telecommunications services via underwater cables and others means | Peru | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable Colombia, S.A. Supply of data transmission capacity via underwater cable system | Colombia | USD | % | Telxius Cable América, S.A. (47.50%) Telxius Cable Chile, S.A. (0.83%) Telxius Cable Perú, S.A.C. (0.84%) Telxius Cable Guatemala, S.A. (0.83%) Telxius Cable Argentina, S.A. (0.01%) | |||||||||||||
Telxius Cable Brasil Participaçoes, Ltda. Holding company | Brazil | USD | % | Telxius Cable América, S.A. | |||||||||||||
Telxius Cable Brasil, Ltda. Operation and deployment of telecommunications infrastructure | Brazil | USD | % | Telxius Cable Brasil Participaçoes, Ltda. | |||||||||||||
Telxius Cable Bolivia, S.A. Establishment and operation of any kind of communications infrastructure and/or network | Bolivia | USD | % | Telxius Cable América, S.A. (49.01%) Telxius Cable España, S.L.U. (0.5%) Telxius Cable Argentina, S.A. (0.5%) | |||||||||||||
Telxius Group - companies held for sale | |||||||||||||||||
Inmosites, S.A.U. Compra y alquiler de inmuebles relacionado con el negocio de infraestructuras de telecomunicaciones | Spain | EUR | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Torres Latam, S.L.U. Establishment and operation of any kind of communications infrastructure and/or network | Spain | EUR | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Torres España, S.L.U. Establishment and operation of any kind of communications infrastructure and/or network | Spain | EUR | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Towers Germany, Gmbh. Telecommunications service provider | Germany | EUR | % | Telxius Telecom, S.A. | |||||||||||||
Telxius Torres Perú S.A.C. Telecommunications service provider | Peru | PEN | % | Telxius Torres Latam, S.L.U. | |||||||||||||
Telxius Torres Chile Holding, S.A. Holding company | Chile | EUR | % | Telxius Torres Latam, S.L.U. (50%) Telxius Torres España, S.L.U. (0.01%) | |||||||||||||
Telxius Torres Chile, S.A. Telecommunications service provider | Chile | CLP | % | Telxius Torres Chile Holding, S.A. | |||||||||||||
Telxius Torres Brasil, Ltda. Telecommunications service provider | Brazil | BRL | % | Telxius Torres Latam, S.L.U. | |||||||||||||
Inmosites Brasil Participaçoes Imobiliarias Ltda Telecommunications service provider | Brazil | BRL | % | Telxius Torres Brasil, Ltda. | |||||||||||||
Telxius Torres Argentina, S.A. Telecommunications service provider | Argentina | ARS | % | Telxius Torres Latam, S.L.U. (47.51%) Telxius Telecom, S.A. (2.50%) |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Telefónica Hispam | |||||||||||||||||
Telefónica Hispanoamérica, S.A.U. Holding company | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Venezolana, C.A. Wireless communications operator | Venezuela | VESM | % | Telefónica Hispanoamérica, S.A.U. (97.44%) Comtel Comunicaciones Telefónicas, S.A. (2.56%) | |||||||||||||
Colombia Telecomunicaciones, S.A. ESP Communications services operator | Colombia | COP | % | Telefónica Hispanoamérica, S.A.U. (67.50%) | |||||||||||||
Operaciones Tecnológicas y Comerciales S.A.S Communications services operator | Colombia | COP | % | Colombia Telecomunicaciones, S.A. ESP (67.50%) | |||||||||||||
Telefónica Móviles México, S.A. de C.V. Holding Company | Mexico | MXN | % | Telefónica, S.A. | |||||||||||||
Terra Networks México, S.A. de C.V. ISP, portal and real-time financial information services | Mexico | MXN | % | Terra Networks Mexico Holding, S.A. de C.V. | |||||||||||||
Fisatel Mexico, S.A. de C.V. Integrated cash mangement, consulting and financial support for Group companies | Mexico | MXN | % | Telefónica Hispanoamérica, S.A.U. (99.99%) Pegaso Pcs S.A. de CV. (0.01%) | |||||||||||||
Otecel, S.A. Wireless communications services provider | Ecuador | USD | % | Telefónica Hispanoamérica, S.A.U. | |||||||||||||
Telefónica de Argentina, S.A. Telecommunications service provider | Argentina | ARS | % | Telefónica Móviles Argentina, S.A. (87.8%) Telefónica Latinoamérica Holding, S.L.U. (10.8%) Telefónica, S.A. (0.9%) Telefónica International Holding, B.V. (0.5%) | |||||||||||||
Telefónica Móviles Argentina, S.A. Telecommunications service provider | Argentina | ARS | % | Telefónica, S.A. (73.20%) Telefónica Latinoamérica Holding, S.L.U. (25.28%) Telefónica International Holding, B.V. (1.52%) | |||||||||||||
Telefónica Móviles Chile, S.A. Wireless communications services operator | Chile | CLP | % | Inversiones Telefónica Internacional Holding S.A. (98.96%) Telefónica Hispanoamérica, S.A.U. (1.04%) | |||||||||||||
Telefónica Chile, S.A. Local and international long distance telephony services provider | Chile | CLP | % | Telefónica Móviles Chile, S.A. | |||||||||||||
Telefónica Chile Holdings, S.L. Holding Company | Chile | CLP | % | Telefónica Hispanoamérica, S.A.U. | |||||||||||||
Telefónica del Perú, S.A.A. Local, domestic and international long distance telephone service provider | Peru | PEN | % | Telefónica Hispanoamérica, S.A.U. | |||||||||||||
Media Networks Latin America, S.A.C Telecommunications research activities and proyects | Peru | USD | % | Telefónica Latinoamérica Holding, S.L.U. | |||||||||||||
Telefónica Móviles del Uruguay, S.A. Wireless communications and services operator | Uruguay | UYU | % | Telefónica Hispanoamérica, S.A.U. | |||||||||||||
Other companies | |||||||||||||||||
Telefónica Infra, S.L. Holding company | Spain | EUR | % | Telefónica , S.A. | |||||||||||||
Telefónica Infra Germany GmbH Broadband telecommunications operator | Germany | EUR | % | Telefónica Infra, S.L. | |||||||||||||
Telefónica O2 Holdings Ltd. Holding company | United Kingdom | GBP | % | Telefónica, S.A. (99.99%) Telefónica Capital S.A. (0.01%) | |||||||||||||
MmO2 plc Holding company | United Kingdom | GBP | % | Telefónica O2 Holding Ltd. |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Other companies (Cont.) | |||||||||||||||||
O2 International Holdings Ltd. Holding company | United Kingdom | GBP | % | O2 (Europe) Ltd. | |||||||||||||
O2 (Netherlands ) Holdings BV. Holding company | Netherlands | EUR | % | O2 International Holdings Ltd. | |||||||||||||
Telefónica Germany Holdings Ltd. Holding company | United Kingdom | EUR | % | O2 (Europe) Ltd. | |||||||||||||
O2 (Europe) Ltd. Holding company | United Kingdom | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica International Holding, B.V Holding company | Netherlands | EUR | % | Telefónica Latinoamérica Holding, S.L.U. | |||||||||||||
Telefónica Latinoamérica Holding, S.L.U. Holding company | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Sao Paulo Telecomunicaçoes Participaçoes Ltda Holding company | Brazil | BRL | % | Telefónica Latinoamérica Holding, S.L.U. (60.6%) Telefónica, S.A. (39.4%) | |||||||||||||
Telefónica Global Solutions, S.L.U. International services provider | Spain | EUR | % | Telefónica, S.A | |||||||||||||
Telefónica USA, Inc. Telecommunications services provider | USA | USD | % | Telefónica Global Solutions, S.L.U. | |||||||||||||
Telefónica International Wholesale Services México, S.A. Telecommunications research activities and proyects | Mexico | MXN | % | Telefónica Global Solutions, S.L.U. | |||||||||||||
Telefónica Digital España, S.L. Developer Telco Services Holding Company | Spain | EUR | % | Telefónica, S.A | |||||||||||||
Telefónica Digital Ltd. Developer Telco Services | United Kingdom | GBP | % | Telefónica Digital España, S.L. | |||||||||||||
Telefonica Open Innovation S.L. Talent identification and development in ICT. | Spain | EUR | % | Telefónica Digital España, S.L. | |||||||||||||
Wayra Chile Tecnología e Innovación Limitada Technological innovation based business project development | Chile | CLP | % | Telefonica Open Innovation S.L. | |||||||||||||
Wayra Brasil Desenvolvedora e Apoiadora de Projetos Ltda. Technological innovation based business project development | Brazil | BRL | % | Telefonica Open Innovation S.L. | |||||||||||||
WY Telecom, S.A. de C.V. Talent identification and development in ICT | Mexico | MXN | % | Telefonica Open Innovation S.L. | |||||||||||||
Wayra Argentina, S.A. Talent identification and development in ICT | Argentina | ARS | % | Telefonica Open Innovation S.L. (95%) Telefónica Latinoamérica Holding, S.L.U. (5%) | |||||||||||||
Wayra Colombia, S.A.S. Technological innovation based business project development | Colombia | COP | % | Telefonica Open Innovation S.L. | |||||||||||||
Proyecto Wayra, C.A. Commercial, industrial and mercantile activities | Venezuela | VES | % | Telefónica Venezolana, C.A. | |||||||||||||
Wayra Perú Aceleradora de Proyectos, S.A.C. Technological innovation based business project development | Peru | PEN | % | Telefonica Open Innovation S.L. | |||||||||||||
Wayra UK Ltd. Technological innovation based business project development | United Kingdom | GBP | % | Telefonica Open Innovation S.L. | |||||||||||||
Terra Networks Perú, S.A. ISP and portal | Peru | PEN | % | Telefónica Latinoamérica Holding, S.L.U. | |||||||||||||
Terra Networks Argentina, S.A. ISP and portal | Argentina | ARS | % | Telefónica Latinoamérica Holding, S.L.U. (99.99%) Telefónica International Holding, B.V. (0.01%)U. | |||||||||||||
Telfisa Global, B.V. Integrated cash management, consulting and financial support for Group companies | Netherlands | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Global Activities Holding, B.V. Holding Company | Netherlands | EUR | % | Telfisa Global, B.V. | |||||||||||||
Telefónica Global Services, GmbH Purchasing services | Germany | EUR | % | Group 3G UMTS Holding, GmbH |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Other companies (Cont.) | |||||||||||||||||
Telefónica Global Roaming, GmbH Optimization of network traffic | Germany | EUR | % | Telefónica Global Services, GmbH | |||||||||||||
Group 3G UMTS Holding GmbH Holding Company | Germany | EUR | % | Telefónica Global Activities Holdings, B.V | |||||||||||||
Telefónica Compras Electrónicas, S.L. Development and provision of information Society services | Spain | EUR | % | Telefónica Global Services, GmbH | |||||||||||||
Telefonica Iot & Big Data Tech S.A. Provision of telemarketing services | Spain | EUR | % | Telefónica Tech S.L. | |||||||||||||
Telefónica Educación Digital, S.L. Vertical e-learning portal | Spain | EUR | % | Telefónica Digital España, S.L. | |||||||||||||
Telfin Ireland Ltd. Intragroup financing | Ireland | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Ingeniería de Seguridad, S.A.U. Security services and systems | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Capital, S.A.U. Finance company | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Lotca Servicios Integrales, S.L. Aircraft ownership and operation | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Fonditel Pensiones, Entidad Gestora de Fondos de Pensiones, S.A Administration of pension funds | Spain | EUR | % | Telefónica Capital, S.A. | |||||||||||||
Fonditel Gestión, Soc. Gestora de Instituciones de Inversión Colectiva, S.A. Administration and representation of collective investment schemes | Spain | EUR | % | Telefónica Capital, S.A. | |||||||||||||
Telefónica Investigación y Desarrollo, S.A.U. Telecommunications research activities and projects | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Luxembourg Holding, S.à.r.L. Holding company | Luxembourg | EUR | % | Telefónica, S.A. | |||||||||||||
Casiopea Reaseguradora, S.A. Reinsurance | Luxembourg | EUR | % | Telefónica Luxembourg Holding, S.à.r.L. | |||||||||||||
Nova Casiopea RE S.A. Reinsurance | Luxembourg | EUR | % | Telefónica Luxembourg Holding, S.à.r.L. | |||||||||||||
Telefónica Insurance, S.A. Direct insurance transactions | Luxembourg | EUR | % | Telefónica Luxembourg Holding, S.à.r.L. | |||||||||||||
Telefónica Finanzas, S.A.U. Integrated cash management, consulting and financial support for Group companies | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Pléyade Peninsular, Correduría de Seguros y Reaseguros del Grupo Telefónica, S.A. Distribution, promotion or preparation of insurance contracts | Spain | EUR | % | Telefónica Finanzas, S.A.U. (TELFISA) (83.33%) Telefónica, S.A. (16.67%) | |||||||||||||
Telefónica Europe, B.V. Fund raising in capital markets | Netherlands | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Participaciones, S.A.U. Financial debt instrument issuer | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Emisiones, S.A.U. Financial debt instrument issuer | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Aliança Atlântica Holding B.V. Holding company | Netherlands | EUR | % | Telefónica, S.A. (50%) Telefônica Brasil, S.A. (50%) | |||||||||||||
Telefónica Serviços Empresariais do Brasil, Ltda. Management and administrative services rendered | Brazil | BRL | % | Telefónica Servicios Globales, S.L.U. | |||||||||||||
Telefónica Gestión Integral de Edificios y Servicios S.L. Management and administrative services rendered | Spain | EUR | % | Telefónica Servicios Globales, S.L.U. | |||||||||||||
Tempotel, Empresa de Trabajo Temporal, S.A. Temporary employment agency | Spain | EUR | % | Telefónica Servicios Globales, S.L.U. | |||||||||||||
O2 Worldwide Limited Wireless telecommunications activities | United Kingdom | GBP | % | Telefónica, S.A. | |||||||||||||
Telefónica Innovación Alpha, S.L. Electronic communications and audiovisual services provider | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Servicios Globales, S.L.U. Holding Company | Spain | EUR | % | Telefónica, S.A. |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Other companies (Cont.) | |||||||||||||||||
Telefónica Holding Atticus, B.V. Holding company | Netherlands | EUR | % | Telefónica Latinoamérica Holding, S.L.U. | |||||||||||||
Telefónica Soluciones de Criptografía, S.A. Engineering, research and development | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Centroamérica Inversiones ,S.L. Communications services provider | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Tech S.L. Holding Company | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Cybersecurity & Cloud Tech SL. Ciberseguridad, seguridad de información electrónica y consultoría informática | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Cybersecurity & Cloud Tech Chile SpA. Cybersecurity, electronic information security and IT consulting | Chile | CLP | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Telefónica Tech Inc. Cybersecurity, electronic information security and IT consulting | USA | USD | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Cyberrange S.L. Cybersecurity, electronic information security and IT consulting | Spain | EUR | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
iHackLabs Ltd. Cybersecurity, electronic information security and IT consulting | United Kingdom | GBP | % | Cyberrange S.L. | |||||||||||||
Ace & Niu Consulting S.L. Cybersecurity, electronic information security and IT consulting | Spain | EUR | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Audertis Audit Services S.L. Provision of audit services in the areas of security, privacy and data protection | Spain | EUR | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Govertis Advisory Services S.L. Cybersecurity, electronic information security and IT consulting | Spain | EUR | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Govertis Advisory Services Perú S.A.C. Cybersecurity, electronic information security and IT consulting | Peru | PEN | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Telefonica Cybersecurity Tech Colombia S.A.S. Cybersecurity, electronic information security and IT consulting | Colombia | COP | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Telefónica Cybersecurity Tech UK Limited Cybersecurity, electronic information security and IT consulting | United Kingdom | GBP | % | Telefónica UK Ltd. | |||||||||||||
Telefonica Cybersecurity Tech Mexico, S.A de C.V. Cybersecurity, electronic information security and IT consulting | Mexico | MXN | % | Telefónica Cybersecurity & Cloud Tech SL. (99%) Pegaso Pcs S.A. de CV. (1%) | |||||||||||||
Telefônica Cibersegurança e Tecnología do Brasil Ltda Cybersecurity, electronic information security and IT consulting | Brazil | BRL | % | Telefónica Cybersecurity & Cloud Tech SL. | |||||||||||||
Telefónica Cybersecurity & Cloud Tech Perú S.A.C Cybersecurity, electronic information security and IT consulting | Perú | PEN | % | Telefónica Cybersecurity & Cloud Tech SL. (99.99%) Telefónica Servicios Tiws S.A.C. (0.01%) | |||||||||||||
Telefonica Cybersecurity Tech Ecuador Tctech S.A. Cybersecurity, electronic information security and IT consulting | Ecuador | USD | % | Otecel, S.A. (99%) TIWS Ecuador II S.A. (1%) | |||||||||||||
Telefónica Cybersecurity Tech Argentina S.A. Cybersecurity, electronic information security and IT consulting | Argentina | ARS | % | Telefónica de Argentina, S.A. (95%) TIWS Argentina II S.A. (5%) | |||||||||||||
Telefónica Móviles El Salvador, S.A. de C.V. Provision of wireless and international long distance communications services | El Salvador | USD | % | Telefónica Centroamérica Inversiones S.L. (59.46%) Telefónica Multiservicios S.A. de C.V. (0.12%) | |||||||||||||
Pontel Participaciones, S.L. Holding company | Spain | EUR | % | Telefónica, S.A. |
Name and corporate purpose | Country | Currency | Capital | %Telefónica Group | Holding Company | ||||||||||||
Other companies held for sale | |||||||||||||||||
Telefónica de Costa Rica TC, S.A. Wireless communications | Costa Rica | CRC | % | Telefónica, S.A. | |||||||||||||
Companies accounted for using the equity method | |||||||||||||||||
Telefónica Factoring España, S.A. Factoring services provider | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Telefónica Factoring Do Brasil, Ltd. Factoring services provider | Brazil | BRL | % | Telefónica, S.A. (40.00%) Telefónica Factoring España, S.A. (10.00)% | |||||||||||||
Telefónica Factoring Mexico, S.A. de C.V. SOFOM ENR Factoring services provider | Mexico | MXN | % | Telefónica, S.A. (40.50%) Telefónica Factoring España, S.A. (9.50)% | |||||||||||||
Telefónica Factoring Perú, S.A.C. Factoring services provider | Peru | PEN | % | Telefónica, S.A. (40.50%) Telefónica Factoring España, S.A. (9.50%) | |||||||||||||
Telefónica Factoring Colombia, S.A. Factoring services provider | Colombia | COP | % | Telefónica, S.A. (40.50%) Telefónica Factoring España, S.A. (9.50%) | |||||||||||||
Telefónica Factoring Chile, SpA. Factoring services provider | Chile | CLP | % | Telefónica Factoring España, S.A. (50%) | |||||||||||||
Mobile Financial Services Holding SPRL Financial services | Belgium | USD | % | Telefónica Internacional Holding, B.V (26.28%) Telefónica Holding Atticus, B.V (23.72%) | |||||||||||||
Telefónica Consumer Finance, Establecimiento Financiero de Crédito, S.A. Specialised credit institution | Spain | EUR | % | Telefónica, S.A. | |||||||||||||
Tesco Mobile Ltd. Wireless telephony services | United Kingdom | GBP | % | O2 Communication Ltd. | |||||||||||||
The Smart Steps Data Technology Company Big data services in China | China | CNY | % | Telefónica Digital España, S.L. | |||||||||||||
Internet para todos S.A.C Telecommunications service provider | Peru | PEN | % | Telefónica del Perú, S.A.A. | |||||||||||||
Prosegur Alarmas España S.L. Private security services | Spain | EUR | % | Telefónica de Contenidos, S.A.U | |||||||||||||
Buendía Estudios, S.L. Service provision related to film and video production activities | Spain | EUR | % | Telefónica Audiovisual Digital, S.L.U. | |||||||||||||
UGG TopCo/HoldCo General Partner GmbH. Broadband telecommunications operator | Germany | EUR | % | Telefónica Infra Germany GmbH. (40%) Telefónica Deutschland Holding A.G. (6.92%) | |||||||||||||
UGG TopCo GmbH & Co KG Broadband telecommunications operator | Germany | EUR | % | Telefónica Infra Germany GmbH. (40%) Telefónica Deutschland Holding A.G. (6.92%) | |||||||||||||
UGG HoldCo GmbH& Co KG Broadband telecommunications operator | Germany | EUR | % | UGG TopCo GmbH & Co KG | |||||||||||||
UGG General Partner GmbH Broadband telecommunications operator | Germany | EUR | % | UGG HoldCo GmbH& Co KG | |||||||||||||
Unsere Grüne Glasfaser GmbH & Co KG Broadband telecommunications operator | Germany | EUR | % | UGG HoldCo GmbH& Co KG |
Companies/Segment/Subsidiaries | Country | Date of inclusion | % Acquisition | ||||||||
Other companies | |||||||||||
Telefónica Infra Germany GmbH Broadband telecommunications operator | Germany | 10/31/2020 | % | ||||||||
Cyberrange S.L. Cybersecurity, electronic information security and IT consulting | Spain | 08/31/2020 | % | ||||||||
iHackLabs Ltd. Cybersecurity, electronic information security and IT consulting | United Kingdom | 08/31/2020 | % | ||||||||
Ace & Niu Consulting S.L. Cybersecurity, electronic information security and IT consulting | Spain | 08/31/2020 | % | ||||||||
Audertis Audit Services S.L. Provision of audit services in the areas of security, privacy and data protection | Spain | 08/31/2020 | % | ||||||||
Govertis Advisory Services S.L. Cybersecurity, electronic information security and IT consulting | Spain | 08/31/2020 | % | ||||||||
Govertis Advisory Services Perú S.A.C. Cybersecurity, electronic information security and IT consulting | Peru | 08/31/2020 | % | ||||||||
Companies accounted for using the equity method | |||||||||||
Prosegur Alarmas España S.L. Private security services | Spain | 02/29/2020 | % | ||||||||
New joint ventures | |||||||||||
Companies/Segment/Subsidiaries | Country | Date of inclusion | % Acquisition | ||||||||
UGG TopCo/HoldCo General Partner GmbH. Broadband telecommunications operator | Germany | 10/31/2020 | % | ||||||||
UGG TopCo GmbH & Co KG Broadband telecommunications operator | Germany | 10/31/2020 | % | ||||||||
UGG HoldCo GmbH& Co KG Broadband telecommunications operator | Germany | 10/31/2020 | % | ||||||||
UGG General Partner GmbH Broadband telecommunications operator | Germany | 10/31/2020 | % | ||||||||
Unsere Grüne Glasfaser GmbH & Co KG Broadband telecommunications operator | Germany | 10/31/2020 | % |
Companies/Segment/Subsidiaries | Country | Date of inclusion | % Acquisition | ||||||||
Telefónica Spain | |||||||||||
TBSC Barcelona Producciones, S.L.U. Provision of audiovisual telecommunications services | Spain | 03/31/2020 | % | ||||||||
Buendía Producción, S.L. Service provision related to film and video production activities | Spain | 06/30/2020 | % | ||||||||
Telefónica Germany | |||||||||||
Telefónica Germany Mobilfunk Standortgesellschaft mbH. Telecommunications service provider | Germany | 01/31/2020 | % | ||||||||
Other companies | |||||||||||
Telefónica Cybersecurity & Cloud Tech Chile SpA. Cybersecurity, electronic information security and IT consulting | Chile | 03/31/2020 | % | ||||||||
Telefónica Cybersecurity Tech UK Limited Cybersecurity, electronic information security and IT consulting | United Kingdom | 03/31/2020 | % | ||||||||
Telefónica Cybersecurity & Cloud Tech Perú S.A.C Cybersecurity, electronic information security and IT consulting | Peru | 03/31/2020 | % | ||||||||
Telefónica Cybersecurity & Cloud Tech SL. Cybersecurity, electronic information security and IT consulting | Spain | 06/30/2020 | % | ||||||||
Telefonica Cybersecurity Tech Mexico, S.A de C.V. Cybersecurity, electronic information security and IT consulting | Mexico | 05/31/2020 | % | ||||||||
Telefonica Cybersecurity Tech Ecuador Tctech S.A. Cybersecurity, electronic information security and IT consulting | Ecuador | 08/31/2020 | % | ||||||||
Telefónica Cybersecurity Tech Argentina S.A. Cybersecurity, electronic information security and IT consulting | Argentina | 12/31/2020 | % | ||||||||
Telefónica Tech Inc. Cybersecurity, electronic information security and IT consulting | USA | 09/30/2020 | % | ||||||||
Telefónica Infra, S.L. Holding company | Spain | 02/29/2020 | % | ||||||||
Telxius Group | |||||||||||
Inmosites Brasil Participaçoes Imobiliarias Ltda Telecommunications service provider | Brazil | 09/30/2020 | % | ||||||||
Companies accounted for using the equity method | |||||||||||
Buendía Estudios, S.L. Service provision related to film and video production activities | Spain | 06/30/2020 | % |
Companies/Segment/Subsidiaries | Country | Date | Surviving company | ||||||||
Telefónica Spain | |||||||||||
DTS Distribuidora de Televisión Digital, S.A. Broacasting satellite TV signal transmission and linkage services | Spain | 06/30/2020 | Telefónica de España, S.A.U. | ||||||||
Telefónica Germany | |||||||||||
Minodes GmbH Technological and consulting services in Big Data provider | Germany | 12/31/2020 | Telefónica Germany GmbH & Co. OHG | ||||||||
Telxius Group | |||||||||||
Telxius Towers Erste GmbH. Telecommunications service provider | Germany | 09/30/2020 | Telxius Towers Germany GmbH. | ||||||||
Telefónica Hispam | |||||||||||
Empresa de Telecomunicaciones de Bucaramanga S.A. E.S.P Communications services operator | Colombia | 05/31/2020 | Colombia Telecomunicaciones, S.A. ESP | ||||||||
Metropolitana de Telecomunicaciones S.A E.S.P Communications services operator | Colombia | 05/31/2020 | Colombia Telecomunicaciones, S.A. ESP | ||||||||
Other companies | |||||||||||
Telefónica Innovation Ventures, S.LU. Desarrollo de actividades y servicios en el área de telecomunicaciones. | Spain | 11/30/2020 | Telefonica Open Innovation S.L. |
Companies/Segment/Subsidiaries | Country | Date of inclusion | % Acquisition | ||||||||
Other companies | |||||||||||
Telefónica Soluciones de Criptografía, S.A. Engineering, research and development | Spain | 02/28/2019 | % |
Companies/Segment/Subsidiaries | Country | Date of inclusion | % Participation | ||||||||
Telxius Group | |||||||||||
Inmosites, S.A.U. Purchase and rental of real estate related to the telecommunications infrastructure business | Spain | 12/31/2019 | % |
Companies/Segment/Subsidiaries | Country | Date of deconsolidated | % Sold | ||||||||
Other companies | |||||||||||
Telefónica Móviles Guatemala, S.A. Wireless, wireline and radio paging communications services provider | Guatemala | 01/31/2019 | % | ||||||||
Telefonía Celular de Nicaragua, S.A. Wireless telephony services | Nicaragua | 05/31/2019 | % | ||||||||
Telefónica Móviles Panamá, S.A. Wireless telephony services | Panama | 08/31/2019 | % | ||||||||
Seguros de Vida y Pensiones Antares, S.A. Life insurance, pensions and health insurance | Spain | 02/28/2019 | % | ||||||||
Telefónica Gestión Logística, S.A.C Logistic service provider | Peru | 04/30/2019 | % | ||||||||
Directors | Salary1 | Fixed remunera-tion2 | Allowances3 | Short-term variable remuneration4 | Remuneration for belonging to the Board Committees5 | Other items6 | Total | ||||||||||||||||
Mr. José María Álvarez-Pallete López | |||||||||||||||||||||||
Mr. Isidro Fainé Casas | |||||||||||||||||||||||
Mr. José María Abril Pérez | |||||||||||||||||||||||
Mr. José Javier Echenique Landiríbar | |||||||||||||||||||||||
Mr. Ángel Vilá Boix | |||||||||||||||||||||||
Mr. Juan Ignacio Cirac Sasturain | |||||||||||||||||||||||
Mr. Peter Erskine | |||||||||||||||||||||||
Ms. Sabina Fluxà Thienemann | |||||||||||||||||||||||
Ms. Carmen García de Andrés | |||||||||||||||||||||||
Ms. María Luisa García Blanco | |||||||||||||||||||||||
Mr. Jordi Gual Solé | |||||||||||||||||||||||
Mr. Peter Löscher | |||||||||||||||||||||||
Mr. Ignacio Moreno Martínez | |||||||||||||||||||||||
Ms. Verónica Pascual Boé | |||||||||||||||||||||||
Mr. Francisco Javier de Paz Mancho | |||||||||||||||||||||||
Mr. Francisco José Riberas Mera | |||||||||||||||||||||||
Ms. Claudia Sender Ramírez |
Directors | Salary1 | Fixed remunera-tion2 | Allowances3 | Short-term variable remuneration4 | Remuneration for belonging to the Board Committees5 | Other items6 | Total | ||||||||||||||||
Mr. José María Álvarez-Pallete López | |||||||||||||||||||||||
Mr. Isidro Fainé Casas | |||||||||||||||||||||||
Mr. José María Abril Pérez | |||||||||||||||||||||||
Mr. José Javier Echenique Landiríbar | |||||||||||||||||||||||
Mr. Ángel Vilá Boix | |||||||||||||||||||||||
Mr. Juan Ignacio Cirac Sasturain | |||||||||||||||||||||||
Mr. Peter Erskine | |||||||||||||||||||||||
Ms. Sabina Fluxà Thienemann | |||||||||||||||||||||||
Ms Carmen García de Andrés | |||||||||||||||||||||||
Ms. María Luisa García Blanco | |||||||||||||||||||||||
Mr. Jordi Gual Solé | |||||||||||||||||||||||
Mr. Peter Löscher | |||||||||||||||||||||||
Mr. Ignacio Moreno Martínez | |||||||||||||||||||||||
Ms. Verónica Pascual Boé | |||||||||||||||||||||||
Mr. Francisco Javier de Paz Mancho | |||||||||||||||||||||||
Mr. Francisco José Riberas Mera | |||||||||||||||||||||||
Ms. Claudia Sender Ramírez |
Directors | Contributions for fiscal year 2020 | ||||
Mr. José María Álvarez-Pallete López | |||||
Mr. Ángel Vilá Boix |
Directors | Contribution to Pension Plans | Contribution to Benefit Plan1 | Contributions to Unit link-type Insurance/Pension Plan Surplus2 | ||||||||
Mr. José María Álvarez-Pallete López | |||||||||||
Mr. Ángel Vilá Boix |
Directors | Life insurance premiums | ||||
Mr. José María Álvarez-Pallete López | |||||
Mr. Ángel Vilá Boix |
Directors | Maximum number of shares (*) | ||||
Mr. José María Álvarez-Pallete López | |||||
Mr. Ángel Vilá Boix |
Directors | Maximum number of shares (*) | ||||
Mr. José María Álvarez-Pallete López | |||||
Mr. Ángel Vilá Boix |
Total Telefónica and its instrumental companies | |||||||||||||||||||||||||||||
Maturity (nominal) | |||||||||||||||||||||||||||||
Debentures and bonds | Currency | % Interest rate | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | ||||||||||||||||||||
T. EUROPE BV SEP_00 BOND GLOBAL D | USD | % | |||||||||||||||||||||||||||
TEBV FEB_03 EMTN FIXED TRANCHE B | EUR | % | |||||||||||||||||||||||||||
Telefónica Europe, B.V. | |||||||||||||||||||||||||||||
EMTN O2 GBP | GBP | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JUNE 06 TRANCHE D | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JANUARY 07 A | EUR | 1 x EURIBOR6M + 0,83% | |||||||||||||||||||||||||||
TELEF. EMISIONES MAY 2014 | EUR | % | |||||||||||||||||||||||||||
EMTN GBP 12/09/2022 650 GBP | GBP | % | |||||||||||||||||||||||||||
EMTN GBP 10/08/2029 400 GBP | GBP | % | |||||||||||||||||||||||||||
TELEF. EMISIONES FEBRUARY 2011 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES DECEMBER 2012 | CHF | % | |||||||||||||||||||||||||||
TELEF EMISIONES JANUARY 2013 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2013 | EUR | % | |||||||||||||||||||||||||||
TELEF EMISIONES APRIL 2013 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES OCTOBER 2014 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JULY 2015 | EUR | 1 x EURIBOR6M +0,83% | |||||||||||||||||||||||||||
TELEF. EMISIONES SEPTEMBER 2015 | EUR | % | |||||||||||||||||||||||||||
TELEF EMISIONES APRIL 2016 | EUR | % | |||||||||||||||||||||||||||
TELEF EMISIONES APRIL 2016 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES OCTOBER 2016 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES DECEMBER 2016 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JANUARY 2017 | EUR | % |
Total Telefónica and its instrumental companies (cont.) | |||||||||||||||||||||||||||||
Maturity (nominal) | |||||||||||||||||||||||||||||
Debentures and bonds | Currency | % Interest rate | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | ||||||||||||||||||||
TELEF. EMISIONES JANUARY 2017 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2017 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2017 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2017 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES APRIL 2017 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES APRIL 2017 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES SEPTEMBER 2017 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JANUARY 2018 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2018 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2018 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES SEPTEMBER 2018 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES FEBRUARY 2019 GREEN B. | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2019 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MARCH 2019 | USD | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JULY 2019 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MAY 2020 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES FEBRUARY 2020 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES MAY 2020 | EUR | % | |||||||||||||||||||||||||||
TELEF. EMISIONES JULY 2020 | EUR | % | |||||||||||||||||||||||||||
Telefónica Emisiones, S.A.U. | |||||||||||||||||||||||||||||
Exchangeable Bond MARCH 2016 (*) | EUR | — | |||||||||||||||||||||||||||
Telefónica Participaciones | — | ||||||||||||||||||||||||||||
Total Telefónica, S.A. and its instrumental companies | |||||||||||||||||||||||||||||
(*) Issue of non-dilutive cash-settled equity-linked bonds referenced to Telefónica share price, with a nominal amount of 600 million euros, issue price of 101.25% and maturing in March 2021. |
Foreign operators | |||||||||||||||||||||||||||||
Maturity | |||||||||||||||||||||||||||||
Debentures and bonds | Currency | % Interest rate | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | ||||||||||||||||||||
Bond T | CLP | % | |||||||||||||||||||||||||||
144A Bond | USD | % | |||||||||||||||||||||||||||
Telefónica Chile, S.A. | |||||||||||||||||||||||||||||
Bond F | UF | % | |||||||||||||||||||||||||||
Bond O | CLP | % | |||||||||||||||||||||||||||
Bond K | CLP | % | |||||||||||||||||||||||||||
Telefónica Móviles Chile, S.A. | |||||||||||||||||||||||||||||
Foreign operators (cont.) | |||||||||||||||||||||||||||||
Maturity | |||||||||||||||||||||||||||||
Debentures and bonds | Currency | % Interest rate | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | ||||||||||||||||||||
Bond T. Peru 4th Program (19th Serie A) | N. SOL | VAC + 3,625% | |||||||||||||||||||||||||||
Bond T. Peru 4th Program (19th Serie B) | N. SOL | VAC + 2,875% | |||||||||||||||||||||||||||
Bond T. Peru 4th Program (37th Serie A) | N. SOL | VAC + 3,125% | |||||||||||||||||||||||||||
Bond T. Peru 4th Program (19th Serie C) | N. SOL | VAC + 3,1875% | |||||||||||||||||||||||||||
Bond T. Peru 5th Program (22nd Serie Ac) | N. SOL | VAC + 3,500% | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (17th Serie A) | N. SOL | VAC + 3,09375% | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (11th Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (11th Serie B) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (13th Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (14th Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (15th Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (16th Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 6th Program (12th Serie B) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 1st Private Program (1st Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Bond T. Peru 1st Program International Issue (1sr Serie A) | N. SOL | % | |||||||||||||||||||||||||||
Telefónica del Perú, S.A. | |||||||||||||||||||||||||||||
Nonconvertible bonds | BRL | 1,0825 XCDI | |||||||||||||||||||||||||||
Nonconvertible bonds (Telemig) I | BRL | IPCA + 0,5% | |||||||||||||||||||||||||||
Nonconvertible bonds (Telemig) II | BRL | IPCA + 0,5% | |||||||||||||||||||||||||||
Nonconvertible bonds (Telemig) III | BRL | IPCA + 0,5% | |||||||||||||||||||||||||||
Telefônica Brasil, S.A. | |||||||||||||||||||||||||||||
BOND R144-A | USD | % | |||||||||||||||||||||||||||
Bond A5 | COP | % | |||||||||||||||||||||||||||
Bond C10 | COP | IPC + 3,39% | |||||||||||||||||||||||||||
Colombia Telecomunicaciones, S.A, ESP | |||||||||||||||||||||||||||||
Bond | EUR | % | |||||||||||||||||||||||||||
Bond | EUR | % | |||||||||||||||||||||||||||
O2 Telefónica Deutschland Finanzierungs, GmbH | |||||||||||||||||||||||||||||
Total Outstanding Debentures and Bonds Foreign operators | |||||||||||||||||||||||||||||
Total Outstanding Debentures and Bonds |
Nominal (millions) | ||||||||||||||||||||
Item | Date | Maturity Date | Currency | Euros | Currency of issuance | Coupon | ||||||||||||||
Telefónica Emisiones, S.A.U. | ||||||||||||||||||||
EMTN Bond | 02/03/2020 | 02/03/2030 | EUR | % | ||||||||||||||||
EMTN Bond | 05/21/2020 | 08/21/2027 | EUR | % | ||||||||||||||||
EMTN Bond | 05/21/2020 | 05/21/2032 | EUR | % | ||||||||||||||||
EMTN Bond | 07/13/2020 | 07/13/2040 | EUR | % | ||||||||||||||||
Colombia Telecomunicaciones S.A E.S.P. | ||||||||||||||||||||
Bond | 07/17/2020 | 07/17/2030 | USD | % |
Fair value | ||||||||||||||||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Notional | Underlying debt | Associated derivatives | TOTAL | ||||||||||||||||||||||
Euro | ( | |||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ( | %) | ( | %) | % | % | % | ( | %) | ( | %) | |||||||||||||||||||||
Fixed rate | ( | ( | ||||||||||||||||||||||||||||||
Interest rate | ( | %) | % | % | % | % | % | % | ||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Other european currencies | ||||||||||||||||||||||||||||||||
Instruments in CZK | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Interest rate | ( | %) | ( | %) | ||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in GBP | ||||||||||||||||||||||||||||||||
Floating rate | ( | ( | ||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | |||||||||||||||||||||||||||||||
Interest rate | ( | %) | ( | %) | % | % | ||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in CHF | ( | |||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | |||||||||||||||||||||||||||||||
Interest rate | ||||||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
America | ||||||||||||||||||||||||||||||||
Instruments in USD | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||
Floating rate | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||
Spread | ( | %) | % | % | ( | %) | ( | %) | ||||||||||||||||||||||||
Fixed rate | ( | ( | ( | |||||||||||||||||||||||||||||
Interest rate | % | ( | %) | ( | %) | % | ||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in UYU | ( | |||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | |||||||||||||||||||||||||||||||
Interest rate | % | % | ||||||||||||||||||||||||||||||
Rate cap |
Fair value | ||||||||||||||||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Notional | Underlying debt | Associated derivatives | TOTAL | ||||||||||||||||||||||
Instruments in ARS | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Floating rate | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Interest rate | % | % | % | |||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in BRL | ( | |||||||||||||||||||||||||||||||
Floating rate | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | |||||||||||||||||||||||||||||||
Interest rate | % | % | % | % | ||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in CLP | ( | ( | ||||||||||||||||||||||||||||||
Floating rate | ( | |||||||||||||||||||||||||||||||
Spread | ( | %) | % | ( | %) | |||||||||||||||||||||||||||
Fixed rate | ( | ( | ||||||||||||||||||||||||||||||
Interest rate | % | % | % | % | % | ( | %) | % | ||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in UFC | ( | ( | ||||||||||||||||||||||||||||||
Floating rate | ( | ( | ||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ||||||||||||||||||||||||||||||||
Interest rate | ||||||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in PEN | ||||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ||||||||||||||||||||||||||||||||
Interest rate | % | % | % | % | % | % | % | |||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in VAC | ||||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | % | % | % | |||||||||||||||||||||||||||||
Fixed rate | ||||||||||||||||||||||||||||||||
Interest rate | ||||||||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in COP | ( | |||||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | % | % | ||||||||||||||||||||||||||||||
Fixed rate | ( | |||||||||||||||||||||||||||||||
Interest rate | % | % | % | % | % | % | ||||||||||||||||||||||||||
Rate cap | ||||||||||||||||||||||||||||||||
Instruments in VEB | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Floating rate | ||||||||||||||||||||||||||||||||
Spread | ||||||||||||||||||||||||||||||||
Fixed rate | ( | ( | ( | ( | ||||||||||||||||||||||||||||
Interest rate | ||||||||||||||||||||||||||||||||
Rate cap |
Fair value | |||||||||||||||||||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Notional | Underlying debt | Associated derivatives | TOTAL | |||||||||||||||||||||||||
Instruments in MXN | ( | ||||||||||||||||||||||||||||||||||
Floating rate | |||||||||||||||||||||||||||||||||||
Spread | ( | %) | % | ( | %) | ||||||||||||||||||||||||||||||
Fixed rate | ( | ||||||||||||||||||||||||||||||||||
Interest rate | % | % | % | ||||||||||||||||||||||||||||||||
Rate cap | |||||||||||||||||||||||||||||||||||
Asia | |||||||||||||||||||||||||||||||||||
Instruments in JPY | ( | ( | |||||||||||||||||||||||||||||||||
Floating rate | |||||||||||||||||||||||||||||||||||
Spread | |||||||||||||||||||||||||||||||||||
Fixed rate | ( | ( | |||||||||||||||||||||||||||||||||
Interest rate | |||||||||||||||||||||||||||||||||||
Rate cap | — | — | — | ||||||||||||||||||||||||||||||||
TOTAL | ( | ||||||||||||||||||||||||||||||||||
Floating rate | |||||||||||||||||||||||||||||||||||
Fixed rate | ( | ||||||||||||||||||||||||||||||||||
Rate cap | |||||||||||||||||||||||||||||||||||
Currency Options and Others (*) | — | — |
Interest rate swaps | ||||||||||||||||||||||||||
Millions of euros | Maturity | |||||||||||||||||||||||||
Non trading purposes | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | Fair value | ||||||||||||||||||
EUR | ( | |||||||||||||||||||||||||
Fixed to fix | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ||||||||||||||||||||||
Average Interest Rate | ||||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % | |||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Average Interest Rate | % | % | % | % | % | % | % | |||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | % | % | % | % | % | % | % | |||||||||||||||||||
Floating to fixed | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Average Spread | % | % | % | |||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % | % | % | % | % | |||||||||||||||||||
USD | ( | |||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ||||||||||||||||||||
Average Interest Rate | % | % | % | % | % | |||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | % | % | % | % | ||||||||||||||||||||||
Floating to fixed | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ||||||||||||||||||||||
Average Spread | ||||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % | |||||||||||||||||||||||
Interest rate swaps | ||||||||||||||||||||||||||
Millions of euros | Maturity | |||||||||||||||||||||||||
Trading purposes | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | Fair value | ||||||||||||||||||
EUR | ||||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||
Average Interest Rate | % | % | % | % | % | % | ||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | ||||||||||||||||||||||||||
Floating to fixed | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||
Average Spread | % | % | ||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % | % | % | % | ||||||||||||||||||||
USD | ( | |||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Average Interest Rate | % | % | % | % | % | % | % | |||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | % | % | ||||||||||||||||||||||||
GBP | ( | |||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ||||||||||||||||||||||
Average Interest Rate | % | % | % | |||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | ||||||||||||||||||||||||||
Millions of euros | Maturity | |||||||||||||||||||||||||
Trading purposes | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | Fair value | ||||||||||||||||||
CLP | ||||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | |||||||||||||||||||||
Average Interest Rate | % | % | % | % | ||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | % | % | % | % | ||||||||||||||||||||||
Floating to fixed | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | ( | ( | |||||||||||||||||||||
Average Spread | ||||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % | % | ||||||||||||||||||||||
CHF | ( | |||||||||||||||||||||||||
Fixed to floating | ( | |||||||||||||||||||||||||
Receiving leg | ( | ( | ( | |||||||||||||||||||||||
Average Interest Rate | % | % | ||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Spread | ||||||||||||||||||||||||||
COP | ||||||||||||||||||||||||||
Floating to fixed | ||||||||||||||||||||||||||
Receiving leg | ( | ( | ( | |||||||||||||||||||||||
Average Spread | % | % | ||||||||||||||||||||||||
Paying leg | ||||||||||||||||||||||||||
Average Interest Rate | % | % | % |
Exchange rate options | Maturities | |||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | ||||||||||||||
Put Currencies (USDBRL, BRLUSD) | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Notional amount of options sold | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Put Currencies (EURGBP, GBPEUR) | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Notional amount of options sold | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Call Currencies (EURGBP, GBPEUR) | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Notional amount of options sold | ||||||||||||||||||||
Strike |
Interest rate options | Maturities | |||||||||||||||||||
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | ||||||||||||||
Collars | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike Cap | ||||||||||||||||||||
Strike Floor | ||||||||||||||||||||
Caps | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Notional amount of options sold | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Floors | ||||||||||||||||||||
Notional amount of options bought | ||||||||||||||||||||
Strike | ||||||||||||||||||||
Notional amount of options sold | ||||||||||||||||||||
Strike |
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | |||||||||||||||||||
Currency swaps | ||||||||||||||||||||||||||
Receive | BRL | |||||||||||||||||||||||||
Pay | BRL | ( | ( | |||||||||||||||||||||||
Receive | CLP | |||||||||||||||||||||||||
Pay | CLP | ( | ( | ( | ( | |||||||||||||||||||||
Receive | COP | |||||||||||||||||||||||||
Pay | COP | ( | ( | |||||||||||||||||||||||
Receive | EUR | |||||||||||||||||||||||||
Pay | EUR | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Receive | GBP | |||||||||||||||||||||||||
Pay | GBP | |||||||||||||||||||||||||
Receive | JPY | |||||||||||||||||||||||||
Pay | JPY | |||||||||||||||||||||||||
Receive | MXN | |||||||||||||||||||||||||
Pay | MXN | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Receive | PEN | |||||||||||||||||||||||||
Pay | PEN | |||||||||||||||||||||||||
Receive | UFC | |||||||||||||||||||||||||
Pay | UFC | ( | ( | |||||||||||||||||||||||
Receive | USD | |||||||||||||||||||||||||
Pay | USD | ( | ( | ( | ( | |||||||||||||||||||||
Receive | UDI | |||||||||||||||||||||||||
Pay | UDI | ( | ( | ( | ( | ( | ( | ( | ||||||||||||||||||
Receive | CHF | |||||||||||||||||||||||||
Pay | CHF | |||||||||||||||||||||||||
TOTAL | ( | ( | ( | ( |
Millions of euros | 2021 | 2022 | 2023 | 2024 | 2025 | Subsequent years | Total | |||||||||||||||||||
Forwards | ||||||||||||||||||||||||||
Receive | BRL | |||||||||||||||||||||||||
Pay | BRL | ( | ( | |||||||||||||||||||||||
Receive | CLP | |||||||||||||||||||||||||
Pay | CLP | ( | ( | ( | ||||||||||||||||||||||
Receive | COP | |||||||||||||||||||||||||
Pay | COP | ( | ( | ( | ||||||||||||||||||||||
Receive | CZK | |||||||||||||||||||||||||
Pay | CZK | |||||||||||||||||||||||||
Receive | EUR | |||||||||||||||||||||||||
Pay | EUR | ( | ( | |||||||||||||||||||||||
Receive | GBP | |||||||||||||||||||||||||
Pay | GBP | ( | ( | |||||||||||||||||||||||
Receive | MXN | |||||||||||||||||||||||||
Pay | MXN | ( | ( | ( | ||||||||||||||||||||||
Receive | PEN | |||||||||||||||||||||||||
Pay | PEN | ( | ( | |||||||||||||||||||||||
Receive | USD | |||||||||||||||||||||||||
Pay | USD | ( | ( | |||||||||||||||||||||||
Receive | UYU | |||||||||||||||||||||||||
Pay | UYU | ( | ( | |||||||||||||||||||||||
TOTAL | ( | ( | ( |
Outstanding principal balance | ||||||||||||||||||||
(millions of euros) | ||||||||||||||||||||
Descriptive name summary | Current limit (millions) | Currency | 12/31/2020 | 12/31/2019 | Arrangement date | Maturity date | ||||||||||||||
Telefónica, S.A | ||||||||||||||||||||
Structured Financing (*) | USD | 05/03/2011 | 07/30/2021 | |||||||||||||||||
Structured Financing (*) | USD | 02/22/2013 | 01/31/2023 | |||||||||||||||||
Structured Financing (*) | USD | 08/01/2013 | 10/31/2023 | |||||||||||||||||
Structured Financing (*) | USD | 12/11/2015 | 03/11/2026 | |||||||||||||||||
Structured Financing (*) | EUR | 12/11/2015 | 03/11/2026 | |||||||||||||||||
Credit | GBP | 05/23/2013 | 03/01/2023 | |||||||||||||||||
Bilateral credit (1) | EUR | 05/14/2019 | 05/14/2024 | |||||||||||||||||
Bilateral loan | EUR | 07/11/2019 | 08/14/2026 | |||||||||||||||||
Bilateral loan | EUR | 11/08/2019 | 03/12/2030 | |||||||||||||||||
Bilateral loan | EUR | 12/04/2019 | 05/06/2027 | |||||||||||||||||
Syndicated | EUR | 03/15/2018 | 03/15/2025 | |||||||||||||||||
Bilateral loan (2) | EUR | 12/18/2020 | 06/18/2024 | |||||||||||||||||
Telefónica Germany GmbH & Co. OHG | ||||||||||||||||||||
EIB Financing | EUR | 06/13/2016 | 06/13/2025 | |||||||||||||||||
Syndicated (3) | EUR | 12/17/2019 | 12/17/2024 | |||||||||||||||||
EIB Financing (Tranche 1) | EUR | 12/18/2019 | 06/18/2029 | |||||||||||||||||
EIB Financing (Tranche 2) | EUR | 01/14/2020 | 07/14/2029 | |||||||||||||||||
Colombia Telecomunicaciones, S.A. E.S.P. | ||||||||||||||||||||
Bilateral loan | USD | 02/25/2020 | 03/24/2025 | |||||||||||||||||
Syndicated (4) | USD | 03/18/2020 | 03/18/2025 | |||||||||||||||||
Telxius Telecom, S.A. | ||||||||||||||||||||
Syndicated | EUR | 12/01/2017 | 12/01/2024 | |||||||||||||||||
Bilateral loan | EUR | 11/29/2019 | 11/29/2021 | |||||||||||||||||
Telefónica Móviles Chile, S.A. | ||||||||||||||||||||
Bilateral loan (5) | USD | 04/17/2020 | 09/29/2023 | |||||||||||||||||
T. UK Limited | ||||||||||||||||||||
Syndicated (6) | GBP | 05/07/2020 | 09/29/2020 |
EUROPE | Frequency | Bandwidth (MHz) | Year of Exp. Date | |||||||||||||||||
Spain | MHz | 2031 | ||||||||||||||||||
MHz | 2030 | |||||||||||||||||||
MHz | 2030 | |||||||||||||||||||
MHz (TDD) | 2030 | (1) | ||||||||||||||||||
MHz | 2030 | (1) | ||||||||||||||||||
MHz | 2030 | |||||||||||||||||||
MHz | (2) | 2030 | ||||||||||||||||||
MHz (TDD) | (3) | 2030 | ||||||||||||||||||
GHz | 2030 | (1) | ||||||||||||||||||
GHz (TDD) | 2038 | |||||||||||||||||||
United Kingdom | MHz | Indefinite | (4) | |||||||||||||||||
MHz | Indefinite | |||||||||||||||||||
MHz | Indefinite | |||||||||||||||||||
MHz (TDD) | Indefinite | |||||||||||||||||||
MHz | Indefinite | |||||||||||||||||||
MHz (TDD) | Indefinite | (4) | ||||||||||||||||||
MHz (TDD) | Indefinite | |||||||||||||||||||
GHz (TDD) | Indefinite | (4) | ||||||||||||||||||
Germany | MHz | 2033 | ||||||||||||||||||
MHz | 2025 | |||||||||||||||||||
MHz | 2033 | |||||||||||||||||||
MHz | 2033 | |||||||||||||||||||
MHz | 2025 | |||||||||||||||||||
MHz (TDD) | 2025 | |||||||||||||||||||
MHz (TDD) | 2020 | |||||||||||||||||||
MHz (TDD) | 2025 | |||||||||||||||||||
MHz | 2020 | |||||||||||||||||||
MHz | 2025 | |||||||||||||||||||
MHz | 2025 | |||||||||||||||||||
MHz (TDD) | 2025 | |||||||||||||||||||
GHz (TDD) | 2040 |
BRAZIL (1)(2) | Frequency | Bandwidth (MHz) | Year of Exp. Date | |||||||||||||||||
MHz | (3) | 2027 | ||||||||||||||||||
MHz | 2029 | |||||||||||||||||||
MHz | (4) | 2028 | (5) | |||||||||||||||||
MHz | (6) | 2023-2035 | (7) | |||||||||||||||||
MHz | 20-50 | (8) | 2023-2035 | (7) | ||||||||||||||||
MHz | 20-30 | (11) | 2023 | |||||||||||||||||
MHz | (9) | 2027-2031 | (10) |
HISPANOAMÉRICA | Frequency | Bandwidth (MHz) | Year of Exp. Date | ||||||||||||||
Argentina | MHz | 2033 | |||||||||||||||
MHz (AMBA) | Indefinite | ||||||||||||||||
MHz (Sur) | Indefinite | ||||||||||||||||
MHz (AMBA) | Indefinite | ||||||||||||||||
MHz (Norte) | Indefinite | ||||||||||||||||
MHz (Sur) | Indefinite | ||||||||||||||||
MHz/2100 MHz | 2033 | ||||||||||||||||
MHz | 2035 | (1) | |||||||||||||||
GHz | Indefinite | (2) | |||||||||||||||
Chile | MHz | 2045 | |||||||||||||||
MHz | Indefinite | ||||||||||||||||
MHz | 2032/2033 | (3) | |||||||||||||||
MHz | 2043 | ||||||||||||||||
MHz (TDD) | 2038 | (4) | |||||||||||||||
Colombia | MHz | 2024 | |||||||||||||||
MHz/2100 MHz | 2023 | ||||||||||||||||
MHz | 2024 | ||||||||||||||||
MHz | 2021 | ||||||||||||||||
Ecuador | MHz | 2023 | |||||||||||||||
MHz | 2023 | ||||||||||||||||
Mexico(5)(14) | MHz (Reg. 1, 2, 3, 4) | 2020/2022 | (6) | ||||||||||||||
MHz (Monterrey and surroundings) | 2020 | ||||||||||||||||
MHz (Reg. 1) | 2020 | ||||||||||||||||
MHz (Reg. 2) | 2022 | (7) | |||||||||||||||
MHz (Reg. 3) | 2020 | (8) | |||||||||||||||
MHz (Reg. 4) | 2020 | (9) | |||||||||||||||
MHz (Reg. 5) | 2021 | ||||||||||||||||
MHz (Reg. 6) | 2021 | (10) | |||||||||||||||
MHz (Reg.7) | 2020 | (11) | |||||||||||||||
MHz (Reg.8 - Guerrero, Oaxaca, Puebla,Tlaxcala and Veracruz) | 2022 | (12) | |||||||||||||||
MHz (Reg. 9 – Mexico D.F. ) | 2021 | (13) | |||||||||||||||
Peru | MHz | 2028 | |||||||||||||||
MHz | 2036 | ||||||||||||||||
MHz | 2030 | (15) | |||||||||||||||
MHz (Lima and Callao) | 2028 | ||||||||||||||||
MHz (Rest of provinces) | 2028 | ||||||||||||||||
MHz/2100 MHz | 2033 | ||||||||||||||||
MHz (Lima and Callao) | 2030 | ||||||||||||||||
MHz (Rest of provinces) | 2018 | (16) | |||||||||||||||
GHz | 2027 | ||||||||||||||||
Uruguay | MHz | 2037 | |||||||||||||||
MHz | 2024 | ||||||||||||||||
MHz | 2022/2024 | (17) | |||||||||||||||
MHz | 2033 | ||||||||||||||||
MHz | 2045 | ||||||||||||||||
Venezuela | MHz | 2022 | |||||||||||||||
MHz | 2022 | ||||||||||||||||
MHz/2100 MHz | 2022 | ||||||||||||||||
MHz | 2029 | ||||||||||||||||
GHz | 2026 |
Costa Rica | MHz | 2026 | |||||||||||||||
MHz | 2026 | ||||||||||||||||
MHz | 2032 | ||||||||||||||||
MHz | 2026 | ||||||||||||||||
MHz | 2032 | ||||||||||||||||
El Salvador | MHz | 2038 | |||||||||||||||
MHz | 2041 |
BRAZIL'S SPECTRUM PORTFOLIO: MEANING OF THE STATES, REGIONS AND SECTORS ACRONYMS | |||||
Acronym | State | ||||
AC | Acre | ||||
AL | Alagoas | ||||
AP | Amapá | ||||
AM | Amazonas | ||||
BA | Bahia | ||||
CE | Ceara | ||||
DF | Distrito Federal | ||||
ES | Espírito Santo | ||||
GO | Goiás | ||||
MA | Maranhão | ||||
MT | Mato Grosso | ||||
MS | Mato Grosso do Sul | ||||
MG | Minas Gerais | ||||
PA | Pará | ||||
PB | Paraíba | ||||
PR | Paraná | ||||
PE | Pernambuco | ||||
PI | Piauí | ||||
RJ | Rio de Janeiro | ||||
RN | Rio Grande do Norte | ||||
RS | Rio Grande do Sul | ||||
RO | Rondônia | ||||
RR | Roraima | ||||
SC | Santa Catarina | ||||
SP | São Paulo | ||||
SE | Sergipe | ||||
TO | Tocantins | ||||
Regions | States & towns included in the regions | ||||
1 | SP (City) | ||||
2 | SP (Interior) | ||||
2' | SP - towns of sector 33 of the GPLG | ||||
3 | RJ and ES | ||||
4 | MG | ||||
4' | MG - towns of sector 3 of the GPLG | ||||
5 | PR and SC | ||||
5' | PR - towns of sector 20 of the GPLG | ||||
6 | RS | ||||
6' | RS - towns of sector 30 of the GPLG | ||||
7 | AC, DF, GO, MS, MT, RO and TO | ||||
7' | GO - towns of sector 25 of the GPLG | ||||
7'' | MS - towns of sector 22 of the GPLG | ||||
8 | AM, AP, MA, PA and RR | ||||
9 | BA and SE | ||||
10 | AL, CE, PB, PE, PI and RN |
Sectors | GPLG - general plan of the licenses granted (geographic areas that correspond to the sectors) | ||||
1 | RJ | ||||
2 | MG - except towns included in sector 3 | ||||
3 | MG - towns of Araporã, Araújo, Campina Verde, Campo Florido, Campos Altos, Canálopis, Capinópolis, Carmo do Paranaíba, Carneirinhos, Centralina, Comendador Gomes, Conceição das Alagoas, Córrego Danta, Cruzeiro da Fortaleza, Delta, Frutal, Gurinhatã, Ibiraci, Igaratinga, Iguatama, Indianópolis, Ipiaçú, Itapagipe, Ituiutaba, Iturama, Lagamar, Lagoa Formosa, Lagoa Grande, Limeira D'Oeste, Luz, Maravilhas, Moema, Monte Alegre de Minas, Monte Santo de Minas, Nova Ponte, Nova Serrana, Papagaios, Pará de Minas, Patos de Minas, Pedrinópolis, Pequi, Perdigão, Pirajuba, Pitangui, Planura, Prata, Presidente Olegário, Rio Paranaíba, Santa Juliana, Santa Vitória, São Francisco de Sales, São José da Varginha, Tupaciguara, Uberaba, Uberlândia, União de Minas & Vazante | ||||
4 | ES | ||||
5 | BA | ||||
6 | SE | ||||
7 | AL | ||||
8 | PE | ||||
9 | PB | ||||
10 | RN | ||||
11 | CE | ||||
12 | PI | ||||
13 | MA | ||||
14 | PA | ||||
15 | AP | ||||
16 | AM | ||||
17 | RR | ||||
18 | SC | ||||
19 | PR –except towns included of sector 20 | ||||
20 | PR – towns of Londrina and Tamarana | ||||
21 | MS – except the town integrating of sector 22 | ||||
22 | MS – town of Paranaíba | ||||
23 | MT | ||||
24 | TO and GO – except towns included in sector 25 | ||||
25 | GO – towns of Buriti Alegre, Cachoeira Dourada, Inaciolândia, Itumbiara, Paranaiguara and São Simão | ||||
26 | DF | ||||
27 | RO | ||||
28 | AC | ||||
29 | RS | ||||
30 | RS – towns of Pelotas, Capão do Leão, Morro Redondo and Turuçu | ||||
31 | SP – except the towns included in sector 33 | ||||
33 | SP – towns of Altinópolis, Aramina, Batatais, Brodosqui, Buritizal, Cajuru, Cássia dos Coqueiros, Colômbia, Franca, Guaíra, Guará, Ipuã, Ituverava, Jardinópolis, Miguelópolis, Morro Agudo, Nuporanga, Orlândia, Ribeirão Corrente, Sales de Oliveira, Santa Cruz da Esperança, Santo Antônio da Alegria and São Joaquim da Barra |
Mexico spectrum portofolio: meaning of the region numbers | |||||
Region 1 | Baja California: Baja California, Baja California Sur, Sonora (San Luis Río Colorado). | ||||
Region 2 | Sinaloa, Sonora (excluding San Luis Río Colorado). | ||||
Region 3 | Chihuahua, Durango, Coahuila de Zaragoza (Torreón, San Pedro, Matamoros, Francisco I. Madero, Viesca). | ||||
Region 4 | Nuevo León, Tamaulipas, Coahuila de Zaragoza (excluding municipalities of the North Region). | ||||
Region 5 | Chiapas, Tabasco, Yucatán, Quintana Roo, Campeche. | ||||
Region 6 | Jalisco (excluding municipalities of the Central Region), Michoacán de Ocampo, Nayarit, Colima. | ||||
Region 7 | Guanajuato, San Luis Potosí, Zacatecas, Querétaro de Arteaga, Aguascalientes, Jalisco (Lagos de Moreno, Encarnación de Díaz, Teocaltiche, Ojuelos de Jalisco, Colotlán, Villa Hidalgo, Mezquitic, Huejuquilla el Alto, Huejúcar, Villa Guerrero, Bolaños, Santa María de los Ángeles). | ||||
Region 8 | Veracruz-Llave, Puebla, Oaxaca, Guerrero, Tlaxcala. | ||||
Region 9 | State of México, Distrito Federal, Hidalgo, Morelos. |