XML 149 R131.htm IDEA: XBRL DOCUMENT v3.24.0.1
Associates and Joint Ventures - Disclosure of Statement of Financial Position and Income Statement of Joint Ventures (Details)
€ in Millions, £ in Millions
7 Months Ended 12 Months Ended
Dec. 31, 2021
EUR (€)
Dec. 31, 2021
EUR (€)
Dec. 31, 2023
EUR (€)
Dec. 31, 2023
GBP (£)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
EUR (€)
Jan. 01, 2023
EUR (€)
Dec. 31, 2022
GBP (£)
Dec. 31, 2020
EUR (€)
Disclosure of joint ventures [line items]                  
NON-CURRENT ASSETS     € 83,568   € 87,053        
Intangible assets € 11,725 € 11,725 11,370   12,017 € 11,725      
Goodwill     18,708   18,471        
Property, plant and equipment 22,725 22,725 22,944   23,714 22,725      
Other non current assets     2,067   1,882        
CURRENT ASSETS     20,756   22,589        
Inventories     929   1,546        
Receivables and other current assets     10,132   9,134   € 9,134    
Current financial assets     1,078   2,444        
Cash and cash equivalents 8,580 8,580 7,151   7,245 8,580     € 5,604
TOTAL ASSETS     104,324   109,642        
Non current liabilities     53,829   54,834        
Non current financial liabilities     33,360   35,059        
Non-current lease liabilities     6,708   6,657        
Other non current liabilities     1,692   1,632        
Current liabilities     23,399   23,100        
Current financial liabilities     3,701   4,020        
Current lease liabilities     2,239   2,020        
Other current liabilities     1,819       € 1,689    
Equity attributable to non-controlling interests     5,244   6,620        
Equity 28,684 28,684 27,096   31,708 28,684     € 18,260
Investments in joint ventures accounted for using equity method     8,265   11,275        
Revenues     40,652   39,993 39,277      
Other operating income     1,541   2,065 12,673      
Other expenses     (10,298)   (10,741) (10,976)      
Goodwill impairment (Note 7)     58   0 416      
Depreciation and amortization     (8,797)   (8,796) (8,397)      
OPERATING INCOME     2,593   4,056 13,586      
Share of profit (loss) of associates accounted for using equity method     (17)   (13) 5      
Finance income     1,099   1,803 614      
Finance costs     (3,014)   (3,030) (2,028)      
Gain (loss) on derivative     399   1,012        
Translation differences     (1,826)   (2,996) (2,751)      
Net financial expense     (1,904)   (1,313) (1,364)      
(LOSS) PROFIT BEFORE TAX     (1,473)   2,960 12,095      
Corporate income tax     899   (641) (1,378)      
(Loss) profit for the year     (574)   2,319 10,717      
Share of (loss) income of investments accounted for by the equity method     (2,145)   230 (132)      
Other comprehensive income (100% VMO2)     € (43)   € 1,908 4,557      
Cornerstone Telecomunications                  
Disclosure of joint ventures [line items]                  
Proportion of ownership interest in associate (as a percent)     16.67% 16.67% 25.00%        
Customer base                  
Disclosure of joint ventures [line items]                  
Intangible assets € 971 € 971 € 386   € 721 971      
VMO2                  
Disclosure of joint ventures [line items]                  
Property, plant and equipment     38,817   42,576        
Current financial assets     569   511        
TOTAL ASSETS     46,455   50,062        
Non current financial liabilities     21,061   19,668        
Non-current lease liabilities     663   725        
Current financial liabilities     4,165   3,248        
Current lease liabilities     201   221        
Total allocated liabilities     30,727   28,626        
VMO2                  
Disclosure of joint ventures [line items]                  
NON-CURRENT ASSETS     41,697   46,280        
Intangible assets     8,379   9,252        
Goodwill     20,427   23,508     £ 20,857  
Property, plant and equipment     10,011   9,816        
Other non current assets     2,880   3,704        
CURRENT ASSETS     4,758   3,782        
Inventories     301   200        
Receivables and other current assets     2,882   2,516        
Current financial assets     567   511        
Cash and cash equivalents     1,008   555        
TOTAL ASSETS     46,455   50,062        
Non current liabilities     22,136   20,840        
Non current financial liabilities     21,061   19,668        
Non-current lease liabilities     663   725        
Other non current liabilities     412   447        
Current liabilities     8,591   7,786        
Current financial liabilities     4,165   3,248        
Current lease liabilities     201   221        
Other current liabilities     4,225   4,317        
Total allocated liabilities     30,727   28,626        
Equity attributable to non-controlling interests     € 261   0        
Equity of joint venture (in percent)     100.00%            
Equity     € 15,467   21,436        
Proportion of ownership interest in joint venture (as a percent) 50.00% 50.00% 50.00% 50.00%          
50% Telefónica Group     € 7,734   10,718        
Acquisition costs     61   61        
Other adjustments     (21)   0        
Investments in joint ventures accounted for using equity method     7,774   10,779        
Revenues   € 7,223 12,547   12,155        
Other operating income   290 516   551        
Other expenses   (5,063) (8,632)   (8,305)        
Goodwill impairment (Note 7)   0 3,572 £ 3,107 0        
OIBDA   2,450 859   4,401        
Depreciation and amortization   (2,395) (3,685)   (4,170)        
OPERATING INCOME   55 (2,826)   231        
Share of profit (loss) of associates accounted for using equity method   0 2   1        
Finance income   27 55   24        
Finance costs   (504) (1,436)   (1,020)        
Gain (loss) on derivative   489 (924)   2,567        
Translation differences   (367)     (1,296)        
Net financial expense   (355) (1,628)   275        
(LOSS) PROFIT BEFORE TAX   (300) (4,452)   507        
Corporate income tax   65 € 265   (15)        
Result for the period of joint venture (in percent)     100.00%            
(Loss) profit for the year   (235) € (4,187)   492        
50% attributable to Telefónica Group   (117) (2,094)   246        
Share-based compensation   14 8   14        
Sale of a minority interest in Cornerstone   0 76   0        
Other adjustments   0 (20)   32        
Share of (loss) income of investments accounted for by the equity method   (103) € (2,030)   292 € (103)      
Other comprehensive income of joint venture (in percent)     1            
Other comprehensive income (100% VMO2)   € 68 € (213)   (113)        
VMO2 | Customer base                  
Disclosure of joint ventures [line items]                  
Depreciation and amortization     € (985)   € (1,005)