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Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Share Capital, Reserves And Other Equity Interest [Abstract]  
Schedule of Proposed Distribution of Profit
The Company’s Board of Directors will submit the following proposed distribution of 2017 profit for approval at the Shareholders’ Meeting:
 
Millions of euros

Legal reserve
51

Other reserves
503

Total
554
Schedule of Subordinated Securities
The characteristic of the undated deeply subordinated securities are the following (millions of euros):
Issue date
Annual 
Fix     

Variable
Exercisable from issuer
2017

2016

2015

12/07/17
2.625
%
from 06/07/23 rate SWAP + spread incremental
2023
1,000

—

—

09/15/16
3.750
%
from 03/15/22 rate SWAP + spread incremental
2022
1,000

1,000

—

03/30/15(*)
8.50
%
from 03/30/20 rate SWAP + spread incremental
2020
452

452

452

12/04/14
4.20
%
from 12/04/19 rate SWAP + spread incremental
2019
850

850

850

03/25/14
5
%
from 03/25/20 rate SWAP + spread incremental
2020
750

750

750

5.875
%
from 03/25/24 rate SWAP + spread incremental
2024
1,000

1,000

1,000

11/26/13
6.75
%
from 11/26/20 rate SWAP + spread incremental
2020
716

716

716

09/18/13
6.5
%
from 09/18/18 rate SWAP + spread incremental
2018
1,125

1,125

1,125

7.625
%
from 09/18/21 rate SWAP + spread incremental
2021
625

625

625

 
 

 
 
7,518

6,518

5,518

(*) Issued by Colombia Telecomunicaciones, S.A. ESP (500 million US dollars)
Schedule of Breakdown of Accumulated Contribution of Translation Differences
The breakdown of the accumulated contribution of translation differences attributable to equity holders of the parent at December 31 is as follows:
Millions of euros
2017

2016

2015

Brazilian real
(8,710
)
(5,999
)
(9,884
)
Venezuelan bolivars (see Note 2.a)
(3,493
)
(3,165
)
(3,141
)
Pound sterling
(3,223
)
(2,918
)
(1,395
)
Other currencies
(3,921
)
(2,658
)
(2,369
)
Total Group
(19,347
)
(14,740
)
(16,789
)
Schedule of Treasury Share Instruments
At December 31, 2017, 2016 and 2015, Telefónica, S.A. held the following treasury shares:
 
 

Euros per share
 

 

 
Number of shares

Acquisition price

Trading price

Market value*

%

Treasury shares at 12/31/17
65,687,859

10.48

8.13

534

1.26514
%
Treasury shares at 12/31/16
141,229,134

10.48

8.82

1,246

2.80339
%
Treasury shares at 12/31/15
141,639,159

11.69

10.24

1,450

2.84690
%
(*) Millions of euros
In 2017, 2016 and 2015 the following transactions involving treasury shares were carried out:
 
Number of shares

Treasury shares at 12/31/14
128,227,971

Acquisitions
138,036,450

Disposals
(47,824,300
)
Employee share option plan
(2,724,699
)
Capital reduction
(74,076,263
)
Treasury shares at 12/31/15
141,639,159

Acquisitions
77,087,297

Employee share option plan
(2,869,334
)
Capital reduction
(74,627,988
)
Treasury shares at 12/31/16
141,229,134

Acquisitions
—

Employee share option plan
(3,518,795
)
Other movements
(72,022,480
)
Treasury shares at 12/31/17
65,687,859
Schedule of Equity Attributable to Non-Controlling Interests
The movements in this heading of the 2017, 2016 and 2015 consolidated statement of financial position are as follows:
Millions of euros
Balance at 12/31/16

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 12/31/17

Telefônica Brasil, S.A.
5,756

25

—

(320
)
336

(772
)
(7
)
5,018

Telefónica Deutschland Holding, A.G.
4,150

—

(671
)
(229
)
(140
)
—

4

3,114

Colombia Telecomunicaciones, S.A., ESP
(88
)
605

—

—

26

(4
)
(16
)
523

Telefónica Centroamericana Inversiones, S.L.
354

—

—

(22
)
18

(43
)
—

307

Telxius Telecom, S.A.
—

690

—

—

7

(3
)
—

694

Other
56

—

—

(12
)
(1
)
(2
)
1

42

Total
10,228

1,320

(671
)
(583
)
246

(824
)
(18
)
9,698


Millions of euros
Balance at 12/31/15

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 12/31/16

Telefônica Brasil, S.A.
4,644

—

—

(232
)
257

1,099

(12
)
5,756

Telefónica Deutschland Holding, A.G.
4,638

—

—

(263
)
(217
)
—

(8
)
4,150

Colombia Telecomunicaciones, S.A., ESP
(30
)
—

—

—

(32
)
(7
)
(19
)
(88
)
Telefónica Centroamericana Inversiones, S.L.
354

—

—

(28
)
19

8

1

354

Other
59

1

(8
)
(1
)
3

3

(1
)
56

Total
9,665

1

(8
)
(524
)
30

1,103

(39
)
10,228

Millions of euros
Balance at 12/31/14

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 12/31/15

Telefônica Brasil, S.A.
3,656

4,359

(1,714
)
(346
)
288

(1,603
)
4

4,644

Telefónica Deutschland Holding, A.G.
5,178

—

(116
)
(268
)
(159
)
—

3

4,638

Colombia Telecomunicaciones, S.A., ESP
(50
)
17

—

—

(8
)
8

3

(30
)
Telefónica Centroamericana Inversiones, S.L.
326

—

—

(25
)
18

34

1

354

Other
76

(8
)
—

(2
)
(4
)
—

(3
)
59

Total
9,186

4,368

(1,830
)
(641
)
135

(1,561
)
8

9,665
Schedule of Subsidiary Cash Flows
The statements of cash flows of these companies are as follows:
Millions of euros
 

 

 

Telefônica Brasil
2017

2016

2015

Net cash flow provided by operating activities
3,710

3,123

2,893

Net cash flow used in investing activities
(2,285
)
(2,039
)
(4,111
)
Net cash flow used in financing activities
(1,653
)
(1,218
)
1,530

 
(228
)
(134
)
312

Millions of euros
 

 

 

Telefónica Germany
2017

2016

2015

Net cash flow provided by operating activities
1,942

2,154

2,081

Net cash flow used in investing activities
(1,223
)
(1,252
)
(2,180
)
Net cash flow used in financing activities
(706
)
(1,323
)
(1,023
)
 
13

(421
)
(1,122
)