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Deutsche Telekom AG - Interim Group report - January 1 to March 31, 2012

33Interim consolidated financial statements Accounting policies. In accordance with § 37x (3) of the Securities Trading Act (Wertpapierhandels­ gesetz - WpHG), Deutsche Telekom AG’s quarterly financial report comprises interim consolidated financial statements and an interim management report for the Group. The interim consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRSs) applicable to interim financial reporting as adopted by the EU. The interim management report for the Group was prepared in accordance with the applicable provisions of the WpHG. Statement of compliance. TheinterimconsolidatedfinancialstatementsfortheperiodendedMarch31, 2012 are in compliance with International Accounting Standard (IAS) 34. As permitted by IAS 34, it has been decided to publish a condensed version compared to the consolidated financial statements at December 31, 2011. All IFRSs applied by Deutsche Telekom have been adopted by the European Commission for use within the EU. In the opinion of the Board of Management, the reviewed quarterly financial report includes all standard adjustments to be applied on an ongoing basis that are required to give a true and fair view of the results of operations, financialpositionandcashflowsoftheGroup.Pleaserefer tothenotestothe consolidatedfinancialstatementsasofDecember31,2011fortheaccounting policies applied for the Group’s financial reporting. The United States operating segment (T-Mobile USA) has no longer been reported as a discontinued operation since December 20, 2011. The prior-year figures in the consolidated income statement have therefore been adjusted with retroactive effect. Since January 1, 2012, Deutsche Telekom has pooled the tasks and functions of the Digital Services growth business as well as the Internet service provider STRATO, which as of December 31, 2011 were still largely part of the Germany operating segment, as the Digital Business Unit (DBU) under Group Headquar- ters & Shared Services. Initial application of standards, interpretations and amendments to standards  and interpretations in the reporting period. In October 2010, the IASB issued the pronouncement “Disclosures – Transfers of Financial Assets” as an amendment to IFRS 7 “Financial Instruments: Disclosures.” The amendments are applicable for financial years beginning on or after July 1, 2011. The European Union endorsed this pronouncement in November 2011. The amendments do not have an impact on the presentation of Deutsche Telekom’s results of operations, financial position or cash flows in the interim consolidated financial statements. In December 2010, the IASB issued the pronouncement “Deferred Tax: Recovery of Underlying Assets – Amendments to IAS 12.” The pronounce- ment is effective for financial years beginning on or after January 1, 2012 and has not yet been endorsed by the European Union and as such has not yet been applied. The amendment would not have a material impact on the presentation of Deutsche Telekom’s results of operations, financial position or cash flows. For more detailed information on the aforementioned amendments, please refer to the “Summary of accounting policies” section in the notes to the consolidated financial statements in the 2011 Annual Report. Changes in the composition of the Group. No major changes in the composition of the Deutsche Telekom occurred as of March 31, 2012. Selected notes to the consolidated statement of financial position. Non-current assets and disposal groups held for sale. Non-current assets and disposal groups held for sale decreased by EUR 0.4 billion against December 31, 2011 due to the sale of the shares in Telekom Srbija on January 25, 2012. Following the sale, the amount of EUR 0.2 billion disclosed as total other comprehensive income as of December 31, 2011 due to the increase of carrying amounts to fair value was reclassified to other financial income/expense. Significant events and transactions. Mar. 31, 2011 millions of € Due ≤ 1 year millions of € Due > 1 ≤ 5 years millions of € Due > 5 years millions of € Bonds and other securitized liabilities 35,421 3,564 19,258 12,599 Liabilities to banks 4,425 1,202 3,094 129 Lease liabilities 1,850 660 453 737 Liabilities to non-banks from promissory notes 1,152 10 577 565 Other interest-bearing liabilities 897 651 151 95 Other non-interest-bearing liabilities 1,402 1,359 40 3 Derivative financial liabilities 1,152 513 548 91 Financial liabilities 46,299 7,959 24,121 14,219 Financial liabilities. The table below shows the composition and maturity structure of financial liabilities as of March 31, 2012.

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