Deutsche Telekom AG — Earnings Release 2001

Mar 5, 2002

News Details

Ad-hoc | 5 March 2002 07:57

Deutsche Telekom AG english

Ad hoc announcement of Deutsche Telekom AG (part 4) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Part 4 of the ad hoc announcement of Deutsche Telekom AG end of ad-hoc-announcement (c)DGAP 05.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: 6. Cash Flow In billions of EUR Dec. 31, 2001 Dec. 31, 2000 Change Cash generated from operations 16.3 12.9 26.4% Interest paid/received -4.4 -2.9 51.7% Net cash provided by operating activities 11.9 10.0 19.0% Net cash used for investing activities -5.4 -27.7 80.5% Net cash provided by operating activities increased 19% to EUR 11.9 billion in the financial year. Taking into account the EUR 1.5 billion increase in net interest payments included herein, cash generated from operations increased EUR 3.4 billion to EUR 16.3 billion. This development is attributable to operational business activities and was positively influenced by a tax refund in the fourth quarter. These figures do not include any positive effects from the ABS transaction (EUR 1.4 billion), because these are included in net cash used for investing activities. 7. Additions to property, plant and equipment The additions to property, plant and equipment (capex) increased from EUR 7.6 billion to EUR 9.9 billion. The EUR 2.3 billion increase is attributable to additions to property, plant and equipment at VoiceStream (EUR 1.2 billion, 7 months) and investments for fixed-network broadband services (T-DSL and IP). 8. Net debt In billions of EUR Dec. 31, 2001 Sept. 30, 2001 Dec. 31, 2000 Net debt 62.1 65.2 56.5 In the fourth quarter of 2001, Deutsche Telekom reduced its net debt by EUR 3.1 billion, or 4.8%, from EUR 65.2 billion to EUR 62.1 billion. The positive development resulted mainly from tax refunds relating to the amortization of the net carrying amount of the investment in Sprint (EUR 1.4 billion), from the asset-backed securities transaction carried out in December amounting to EUR 1.4 billion and from real estate sales (EUR 0.7 billion). This is offset by cash outflows amounting to EUR 0.3 billion for increasing the shareholding (by 16%) in Hrvatske Telekomunikacije in Croatia. 9. Balance sheet In billions of EUR Dec. 31, 2001 Dec. 31, 2000 Assets Noncurrent assets 146.7 106.6 Current assets 17.0 16.7 Prepaid expenses and deferred charges 0.8 0.9 Balance sheet total 164.5 124.2 Shareholders’ equity and liabilities Shareholders’ equity 66.3 42.7 Liabilities including accruals 97.4 80.9 Deferred income 0.8 0.6 Balance sheet total 164.5 124.2 The increase in shareholders’ equity of EUR 23.6 billion compared with the previous year to EUR 66.3 billion is primarily due to the change in additional paid-in capital. The increase in additional paid-in capital is attributable to the issue of new Deutsche Telekom shares in connection with the acquisition of VoiceStream and Powertel. The equity ratio at December 31, 2001, was 40.3%. 10. Employees Dec. 31, 2001 Dec. 31, 2000 Change Employees as at balance sheet date 257,058 227,015 13.2% excl. changes in the composition of the Group 223,172 227,015 -1.7% within Germany 178,344 179,197 -0.5% outside Germany 78,714 47,818 64.6% The number of employees as per end of 2001 increased by 13.2% to 257,058. The increase is largely due to the newly consolidated companies VoiceStream (16,665 employees), Hrvatske Telekomunikacije (11,053 employees) and RadioMobil (2,479 employees). End of part 4, part 5 to follow ——————————————————————————– WKN: 555750; ISIN: DE0005557508; Index: DAX, EURO STOXX 50 Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, Stuttgart und München; EUREX; New York (ADS); Tokio; Toronto 050757 Mär 02