Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Deutsche Telekom AG - Interim Group report - January 1 to September 30, 2011

21Interim Group management report Reconciliation of gross debt. Sept. 30, 2011 millions of € Dec. 31, 2010 millions of € Change millions of € Change % Sept. 30, 2010 millions of € Financial liabilities (current) 11,959 11,689 270 2.3 11,014 Financial liabilities (non-current) 37,816 38,857 (1,041) (2.7) 39,159 Financial liabilities 49,775 50,546 (771) (1.5) 50,173 Accrued interest (780) (1,195) 415 34.7 (954) Liabilities from corporate transactions – (1,566) 1,566 n. a. (1,161) Other (453) (467) 14 3.0 (612) Gross debt 48,542 47,318 1,224 2.6 47,446 Net debt. Sept. 30, 2011 millions of € Dec. 31, 2010 millions of € Change millions of € Change % Sept. 30, 2010 millions of € Bonds 37,803 38,190 (387) (1.0) 38,138 Liabilities to banks 5,507 4,190 1,317 31.4 3,952 Liabilities to non-banks from promissory notes 1,178 1,164 14 1.2 1,151 Derivative financial liabilities 1,133 561 572 n. a. 789 Lease liabilities 1,880 1,934 (54) (2.8) 1,904 Other financial liabilities 1,041 1,279 (238) (18.6) 1,512 Gross debt 48,542 47,318 1,224 2.6 47,446 Cash and cash equivalents 2,130 2,808 (678) (24.1) 2,074 Available-for-sale/held-for-trading financial assets 94 75 19 25.3 52 Derivative financial assets 1,296 835 461 55.2 1,100 Other financial assets 1,654 1,331 323 24.3 473 Net debt 43,368 42,269 1,099 2.6 43,747 Net debt increased by EUR 1.1 billion or 2.6 percent compared with the end of 2010, due to dividend payments of EUR 3.5 billion, payments for the acquisition of the remaining shares in the Polish company PTC (EUR 1.4 billion) and for the acquisition of additional shares in OTE (EUR 0.4 billion) as well as exchange rate effects of EUR 0.2 billion. Free cash flow of EUR 4.5 billion had a reducing effect on net debt.