DOCSLIB.ORG

Magyar Telekom Interim Financial Report Analysis Of

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Magyar Telekom Interim Financial Report Analysis Of MAGYAR TELEKOM INTERIM FINANCIAL REPORT ANALYSIS OF THE FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 1 TABLE OF CONTENTS 1. HIGHLIGHTS .................................................................................................................................................................................................................................. 3 2. CONSOLIDATED IFRS FINANCIAL STATEMENTS ................................................................................................................................................................ 6 2.1. Consolidated Statements of Financial Position ........................................................................................................................................................... 6 2.2. Consolidated Statements of Profit or loss and other comprehensive income – quarter over quarter .............................................................. 7 2.3. Consolidated Statements of Profit or loss and other comprehensive income – year over year ......................................................................... 8 2.4. Consolidated Statements of Cash Flows ...................................................................................................................................................................... 9 2.5. Consolidated Statements of Changes in Equity ........................................................................................................................................................ 10 2.6. About Magyar Telekom .................................................................................................................................................................................................. 11 2.7. Basis of preparation and audit of the interim financial report ................................................................................................................................. 11 2.8. Accounting policies ........................................................................................................................................................................................................ 11 3. CONSOLIDATED MANAGEMENT REPORT .......................................................................................................................................................................... 12 3.1. Operating and financial review – Group ..................................................................................................................................................................... 12 3.1.1 Exchange rate information ....................................................................................................................................................................................... 12 3.1.2 Revenues .................................................................................................................................................................................................................... 12 3.1.3 Direct costs ................................................................................................................................................................................................................. 13 3.1.4 Gross margin .............................................................................................................................................................................................................. 13 3.1.5 Employee-related expenses .................................................................................................................................................................................... 13 3.1.6 Hungarian sector specific special taxes ................................................................................................................................................................ 14 3.1.7 Other operating expenses ........................................................................................................................................................................................ 14 3.1.8 Other operating income ........................................................................................................................................................................................... 14 3.1.9 EBITDA ........................................................................................................................................................................................................................ 14 3.1.10 Depreciation and amortization ................................................................................................................................................................................ 14 3.1.11 Operating profit .......................................................................................................................................................................................................... 14 3.1.12 Net financial result ..................................................................................................................................................................................................... 14 3.1.13 Income tax ................................................................................................................................................................................................................... 14 3.1.14 Profit attributable to non-controlling interests ...................................................................................................................................................... 14 3.1.15 Cash flows ................................................................................................................................................................................................................... 15 3.1.16 Statements of Financial Position ............................................................................................................................................................................ 16 3.1.17 Key Performance Indicators / Key operating statistics ....................................................................................................................................... 17 3.2. Segment information ...................................................................................................................................................................................................... 17 3.2.1 Description of segments .......................................................................................................................................................................................... 17 3.2.2 Telekom Hungary ...................................................................................................................................................................................................... 19 3.2.3 T-Systems Hungary ................................................................................................................................................................................................... 22 3.2.4 Macedonia .................................................................................................................................................................................................................. 24 3.2.5 Montenegro ................................................................................................................................................................................................................ 26 3.3. Contingencies and commitments ................................................................................................................................................................................ 28 3.4. Other matters ................................................................................................................................................................................................................... 28 3.5. Significant events between the end of the quarter and the publishing of the “Interim financial report” ........................................................ 29 3.6. Business environment .................................................................................................................................................................................................... 29 3.7. Strategy ............................................................................................................................................................................................................................. 30 3.8. Resources and risk factors ............................................................................................................................................................................................ 31 3.9. Outlook .............................................................................................................................................................................................................................. 32 3.9.1 Revenues .................................................................................................................................................................................................................... 33 3.9.2 Expenses ....................................................................................................................................................................................................................
Load more

Recommended publications
  • The Effects of Different Club Affiliation on Btv Subscription
    THE EFFECTS OF DIFFERENT CLUB AFFILIATION ON BTV SUBSCRIPTION David José Pereira Roque Dissertation submitted as partial requirement for the conferral of Master in Marketing Supervisor: Professor Carlos Fernandes Professor de Mestrados Executivos do INDEG-ISCTE Business School-IUL CEO – Laborimóveis e Geral Lazarim Board Member – Centro Português de Design Consultor de Gestão em Estratégia, Finanças e Marketing October 2014 i The effects of different club affiliation on BTV subscription Abstract Sports marketing has unique characteristics that may lead their audience in behave in completely different ways compared with all the others consumer’s profiles. BTV challenged the sports viewing industry not only by spoiling their own TV rights but also by including on their target people who support others teams beyond Benfica. In spite of this strategy has been considered at an initial stage as risky, BTV only in the first year accounted 30 Million Euros of revenues. The current study aims to study the impact that all the different sports contents powered by BTV have on BTV subscription, the influence of different club affiliation on BTV subscription and, the influence of price on BTV subscription. On the first part of the study a literature review was performed in order to understand different insights that were revealed as important to justify the results achieved. This was followed by an analyze of the current situation of televised sports industry in Portugal and BTV in particular. Regarding the contents, English Premier League and Benfica games played at home are by far, the contents that arouse more interest. The results reveal that there is a huge influence of different club affiliation on BTV subscription, particularly by Sporting and Porto supporters.
    [Show full text]
  • Annual Report 2010 Annual Report 2010 2
    ANNUAL REPORT 2010 ANNUAL REPORT 2010 2 Article 9 of the Rules of Organisation and Procedure of the National Authority for Management and Regulation in Communications, approved by Decision no.357/22.05.2009, provides the following:: “Art.9. – (1) ANCOM shall publish on its own website, no later than the 30th of r April each year, a detailed report regarding its activity during the previous year.” r ANNUAL REPORT 2010 3 The National Authority for Management and Regulation in Communications is the institution which establishes the rules for the Romanian communications market and watches their enforcement. Our mission is to arbitrate the communications market in order to ensure a sustainable competition, to the users’ benefit. In our activity we pursue the following major objectives: promote competition, protect the end-users’ interests, ensure the rational use of scarce resources, encourage effective investment in infrastructure and stimulate innovation. In our regulatory activity, we observe the following principles: necessity, opportunity, proportionality, obligatory character, technological neutrality, transparency, predictability, stability and efficient use of scarce resources. ANNUAL REPORT 2010 4 1 The Romanian regulatory authority for communications 1.1 Mission, vision, values 1.2 Objectives and priorities for 2010 1.3 Prospects for 2011 2 The regulatory activity – protecting the end-users while fostering market growth 3 Competition – the key to sustainable development 4 Enhancing competition through the efficient management of scarce
    [Show full text]
  • Digitalna Programska Shema
    Slovenski podnapisi Slovenski podnapisi Slovenski podnapisi PAKET BALKAN PAKET VOYO PAKET CINESTAR TV PREMIERE RADIJSKI PROGRAMI - ZAČETNA PROGRAMSKA SHEMA Programsko mesto Programsko mesto Programsko mesto Programsko mesto Programsko mesto 1 HTV 3 301 1 VOYO 300 1 CINESTAR TV PREMIERE 1 17 1 RADIO CITY 541 36 RADIO BDR-FM4 585 2 HTV 4 302 2 CINESTAR TV PREMIERE 2 18 2 RADIO 2000 544 37 RADIO BOB 586 3 JABUKA TV 303 Slovenski podnapisi 3 HD CINESTAR TV PREMIERE 1 208 PAKET PINK 3 RADIO SLOVENIJA 1 545 38 RADIO BREZJE 587 4 JADRAN TV 304 Programsko mesto 4 HD CINESTAR TV PREMIERE 2 209 4 RADIO SLOVENIJA 2 546 39 RADIO CAPRIS 588 5 JUGOTON TV 305 1 PINK PLUS 220 5 RADIO SLOVENIJA 3 547 40 RADIO CELJE 589 6 MREŽA TV 306 2 PINK EXTRA 221 RADIJSKI PROGRAMI 6 RADIO SI 548 41 RADIO CENTER KP 590 7 RTL HRVAŠKA 307 3 RED TV 222 OSNOVNA PROGRAMSKA SHEMA 7 RADIO CAPODISTRIA 549 42 RADIO CENTER MB 591 8 RTL LIVING 308 4 PINK KIDS 223 Programsko mesto Programsko mesto 8 RADIO 1 550 43 RADIO EKSPRES 592 9 RTL 2 309 5 PINK FAMILY 224 1 COUNTRY HOT 501 22 ROCK OF AGES 522 9 RADIO ANTENA 551 44 RADIO GORENC 593 10 ALTERNATIVNA TV 320 6 PINK MOVIES 225 2 ARABIC 502 23 60S 523 10 RADIO CENTER 552 45 RADIO HIT DOMŽALE 594 11 BHT 1 321 7 PINK FILM 226 3 BALKAN HITS 503 24 ROCK ANTHEMS 524 11 RADIO KOPER 553 46 RADIO KRANJ 595 12 BUJRUM TV 322 8 PINK FOLK 227 4 THE SPA 504 25 CLASSIC R´N´B 525 12 RADIO MMR 554 47 KOROŠKI RADIO 596 5 WORLD CARNIVAL 505 26 HIP-HOP 526 13 FEDERALNA TV 324 9 PINK ZABAVA 228 13 ROCK RADIO 555 48 RADIO MARŠ 597 6 CHANSONS 506
    [Show full text]
  • Raresh Dimofte
    Raresh DiMofte www.rareshdimofte.com All International Actors Alena Shipilova Phone: +49 176 3592 3697 Email: [email protected] Website: www.intactors.com © photo by Shimon Karmel Information Acting age 28 - 50 years Nationality Romanian Year of birth 1981 (40 years) Languages English: fluent Height (cm) 193 Romanian: native-language Weight (in kg) 101 Dialects Berlin German: only when Eye color brown required Hair color Brown Roman (Italian): only when Hair length Medium required Stature athletic / training American: only when required Place of residence Romania Transylvanian Saxon: only when Cities I could work in London, Prague, required Bucharest, Berlin, Accents Arabic: only when required Madrid, Paris, Warsaw, Polish: only when required Moscow, Kiev, Russian: only when required Chisinau, Budapest, Slavic: only when required Vienna, Paris, Sarajevo, Albanian: only when required Athens, Istambul, etc. Romanian: only when required Bulgarian: only when required Slovak: only when required French: only when required Yugoslavian: only when required Austrian: only when required Instruments Jew's harp: medium Sport Archery, Backpacking, Badminton, Basketball, Billiards, Bowling, Boxing, Canoe/Kayak, Fencing (stage), Horse riding, Martial Arts, Paintball, Pistol shooting, Rifle shooting, Stage combat, Stunts, Swim Dance Butoh: professional Expressionist dance: professional Profession Action / Martial arts actor, Actor, Dubbing actor Singing Folk: medium Pitch Bass Vita Raresh DiMofte by www.castupload.com — As of: 2021-04-21 Page 1 of
    [Show full text]
  • Remotedoc9515288c9cbbec-5F6b-4A Page 1 Typestreamcategory Live
    remotedoc9515288c9cbbec-5f6b-4a TypeStreamCategory Live StreamsEvents: Corona Virus - Covid 19Live: Netherland Live StreamsNL: 100% TVLive: Netherland Live StreamsNL: 192 TVLive: Netherland Live StreamsNL: 24 Kitchen HDLive: Netherland Live StreamsNL: 24KitchenLive: Netherland Live StreamsNL: Animal Planet HDLive: Netherland Live StreamsNL: AT5 HDLive: Netherland Live StreamsNL: Baby TVLive: Netherland Live StreamsNL: BBC First HDLive: Netherland Live StreamsNL: BBC OneLive: Netherland Live StreamsNL: BoomerangLive: Netherland Live StreamsNL: BVNLive: Netherland Live StreamsNL: Cartoon NetworkLive: Netherland Live StreamsNL: CBS Reality HDLive: Netherland Live StreamsNL: Comedy CentralLive: Netherland Live StreamsNL: Comedy Central ExtraLive: Netherland Live StreamsNL: Crime & InvestigationLive: Netherland Live StreamsNL: DanceTrippinLive: Netherland Live StreamsNL: Discover Science HDLive: Netherland Live StreamsNL: Discover WorldLive: Netherland Live StreamsNL: Discovery Channel HDLive: Netherland Live StreamsNL: Discovery ID FHDLive: Netherland Live StreamsNL: Disney ChannelLive: Netherland Live StreamsNL: Disney XDLive: Netherland Live StreamsNL: Djazz TVLive: Netherland Live StreamsNL: DRTVLive: Netherland Live StreamsNL: DTV UdenLive: Netherland Live StreamsNL: Duck TVLive: Netherland Live StreamsNL: E! entertainement HDLive: Netherland Live StreamsNL: Edge Sport HDLive: Netherland Live StreamsNL: ESPN 1Live: Netherland Live StreamsNL: ESPN 1 FHDLive: Netherland Live StreamsNL: ESPN 1 HDLive: Netherland Live StreamsNL: ESPN 1 SDLive:
    [Show full text]
  • Baby Boom Prediction Raises I Boycottpage 8 New Political Group
    2* - THE HERALD. Thurt., Aug. 6, 1861 Baby boom prediction raises force sqgmented and sharply tainted win taks up. This will make them By LeRoy Pope She says the new baby boom will For business, it m ay prove a cor­ boycottpage 8 sales-resisiaut to much of toUay’a not be caused by any change in fer­ rective to consumer demand targeted marketing with'lets media with a taiietad' UPl Business Writer leisure advertising. tility rates but simply by the fact declines resulting from the end of reliance on mass media advertising said Ms. Metcalf. StUl another area of conflict she NEW YORK (UPI) - There will that there will be more women of the earlier baby boom of the 1950s and mass merdianidising outlets. Another and possibly more serious be a new baby boom In the llnited childbearing age in the population. and early 1960s. This means, Ms. Cable television and video conflict betwsn boabsM and con­ foresees is that consumers wiU become ever more critical of States in this decade that w ill cause The first question r a i^ is what Campbell said, that marketers may systems and specialised print media sumers, Ms. M atcalf Said, w ill ariae products, more q d a ^ -a n d bargain- some serious conflicts for govem- effect this Will' have on the still­ have to shift their focus to an older will get an ever in c r e a s e share o f ' from the determinatioa of people to conscious andmoreeager to engage ihent, business and individuals, ac­ growing trend for both spouses to market in this decade, then be advertising.
    [Show full text]
  • Of 19 ANNUAL REPORT on the Operations of Makedonski Telekom
    MAKEDONSKI TELEKOM AD – SKOPJE Address: Kej 13 Noemvri 6, 1000 Skopje, R. Macedonia ANNUAL REPORT on the operations of Makedonski Telekom AD - Skopje in 2016 On 13 February 2006, Magyar Telekom Plc., the controlling owner of the Company, (via Stonebridge Communications AD - Skopje, majority shareholder of the Company), announced that it was investigating certain contracts entered into by another subsidiary of Magyar Telekom Plc. to determine whether the contracts were entered into in violation of Magyar Telekom Plc. policy or applicable law or regulation. Magyar Telekom’s Audit Committee retained White & Case as its independent legal counsel to conduct the internal investigation. Subsequent to this, on 19 February 2007, the Board of Directors of the Company, based on the recommendation of the Audit Committee of the Company and the Audit Committee of Magyar Telekom Plc., adopted a resolution to conduct an independent internal investigation regarding certain contracts in Macedonia. Based on publicly available information, as well as information obtained from Magyar Telekom and as previously disclosed, Magyar Telekom’s Audit Committee conducted an internal investigation regarding certain contracts relating to the activities of Magyar Telekom and/or its affiliates in Montenegro and Macedonia that totaled more than EUR 31 million. In particular, the internal investigation examined whether Magyar Telekom and/or its Montenegrin and Macedonian affiliates had made payments prohibited by U.S. laws or regulations, including the U.S. Foreign Corrupt Practices Act (the “FCPA”). The Company has previously disclosed the results of the internal investigation. Magyar Telekom’s Audit Committee informed the U.S. Department of Justice (the “DOJ”) and the U.S.
    [Show full text]
  • ANNUAL REPORT on the Operations of the Group of Makedonski Telekom AD - Skopje in 2010
    Confidential Makedonski Telekom AD – Skopje Orce Nikolov bb, 1000 Skopje ANNUAL REPORT on the operations of the Group of Makedonski Telekom AD - Skopje in 2010 On 13 February 2006, Magyar Telekom Plc., the controlling owner of Makedonski Telekom AD – Skopje (the Company), (via Stonebridge Communications AD - Skopje (under liquidation), majority shareholder of the Company), announced that it was investigating certain contracts entered into by another subsidiary of Magyar Telekom Plc. to determine whether the contracts were entered into in violation of Magyar Telekom Plc. policy or applicable law or regulation. Magyar Telekom’s Audit Committee retained White & Case, as its independent legal counsel to conduct the internal investigation. Subsequent to this on 19 February 2007, the Board of Directors of the Company, based on the recommendation of the Audit Committee of the Company and the Audit Committee of Magyar Telekom Plc., adopted a resolution to conduct an independent internal investigation regarding certain contracts in Macedonia. For further information about the internal investigation, please refer to the financial statements of the Company for the year ended 31December 2009. According the information provided to the Company by Magyar Telekom Plc., on 2 December 2009, the Audit Committee of Magyar Telekom Plc., provided the Magyar Telekom’s Board of Directors with a “Report of Investigation to the Audit Committee of Magyar Telekom Plc.” dated 30 November 2009 (the “Final Report”). The Audit Committee indicated that it considers that, with the preparation of the Final Report based on currently available facts, White & Case has completed its independent internal investigation. According the information provided to the Company by Magyar Telekom Plc., the Final Report includes the following findings and conclusions related to Magyar Telekom’s Macedonian affiliates, based upon the evidence available to the Audit Committee of Magyar Telekom Plc.
    [Show full text]
  • Of 17 ANNUAL REPORT on the Operations of Makedonski Telekom
    MAKEDONSKI TELEKOM AD – SKOPJE Addres„Kej 13 Noemvri 6, 1000 Skopje, R. Macedonia ANNUAL REPORT on the operations of Makedonski Telekom AD - Skopje in 2015 On 13 February 2006, Magyar Telekom Plc., the controlling owner of the Company, (via Stonebridge Communications AD - Skopje, majority shareholder of the Company), announced that it was investigating certain contracts entered into by another subsidiary of Magyar Telekom Plc. to determine whether the contracts were entered into in violation of Magyar Telekom Plc. policy or applicable law or regulation. Magyar Telekom’s Audit Committee retained White & Case, as its independent legal counsel to conduct the internal investigation. Subsequent to this, on 19 February 2007, the Board of Directors of the Company, based on the recommendation of the Audit Committee of the Company and the Audit Committee of Magyar Telekom Plc., adopted a resolution to conduct an independent internal investigation regarding certain contracts in Macedonia Based on publicly available information, as well as information obtained from Magyar Telekom and as previously disclosed, Magyar Telekom’s Audit Committee conducted an internal investigation regarding certain contracts relating to the activities of Magyar Telekom and/or its affiliates in Montenegro and Macedonia that totaled more than EUR 31 million. In particular, the internal investigation examined whether Magyar Telekom and/or its Montenegrin and Macedonian affiliates had made payments prohibited by U.S. laws or regulations, including the U.S. Foreign Corrupt Practices Act (the “FCPA”). The Company has previously disclosed the results of the internal investigation. Magyar Telekom’s Audit Committee informed the U.S. Department of Justice (the “DOJ”) and the U.S.
    [Show full text]
  • European Edition
    WWW.ICTPROFESSIONAL.PL FREE OF CHARGE European Edition Bright future Report - Internet FTTH/B market of FTTH - page 2 and ISP market panorama & in Europe - page 4 forecast - page 8 Bright future of FTTH required to find all the answers. This is where we are convinced that the FTTH Council Europe can bring ideas and solutions that can work for all Europe: we have access to a huge amount of in- Why is the next FTTH Conference held in Luxembourg? How important formation and studies, and also have the insights to analyse this information from different angles: is cooperation with politicians? What impact do the children have on the regulatory, technological, business… future of ICT? All these questions have been touched in the interview As a consequence, we have high level discus- with Nadia Babaali- Communications Director of FTTH Council Europe. sions with the Commission and Parliament. For example, we are exchanging with Günther H. Oet- tinger, Commissioner for the Digital Economy and Society, and Andrus Ansip, VP for the Digital Single Market on the Digital Agenda. Our president Edgar Aker also met Luxembourg Prime Minister Xavier On the 4th of November we were create a connected continent and provide a bright- Bettel on 23 September 2016 to discuss the roll- celebrating the third edition of the er future for all citizens through fibre to the home out of FTTH in the Luxembourg’s broadband mar- Gimme Fibre Day. Where comes this roll-out. We are calling on policymakers, regulators, ket and exchange views on the Digital Lëtzebuerg idea from and what were the results of operators – both new and incumbent – and end initiative.
    [Show full text]
  • Chris Dziadul Broadband TV News
    Chris Dziadul Chief East European Analyst } DTT: Fallen behind } DTH: Some consolidation } Cable: Tough market } IPTV: Early days } Two years ago, ASO postponed until Jan 2015 } New tender to be held this summer? Contest to be competitive rather than comparative (i.e. beauty?) All mux licences to be awarded at same time? } Digitisation rate in Romania generally low cf other European countries } Satellite operators (SES, Telenor) looking to help in digitisation process } Long-awaiting consolidation began in early 2011, with Romtelecom acquiring both AKTA Satelit and Boom TV } Focus Sat (UPC) holding its own in market despite being much smaller than Romtelecom (Dolce) and RCS&RDS operations } Further consolidation? Probably unlikely at this stage: all three operators are in it for the long haul } Market highly competitive, characterised by “price wars”. Something has to give: how and when? } UPC sale rumours have ended, or at least receded. Mike Fries (Liberty Global) has restated company’s commitment to Romania } Romtelecom is becoming increasingly important player through NextGen Communications } Late start: up until Romtelecom launched Dolce Interactiv in Dec 2009 market served by only a handful of small players, headed by Bucharest-based Ines } All free reception of Romtelecom service stopped in August 2011 } Romtelecom launched OTT in 2011: 770,000unique visitors in less than three months } Despite having high pay-TV pen (80%+), Romania has low broadband and cable ARPU. How can this be addressed? } How can the digitisation process be speeded up? } What are the prospects for the Romanian TV market as a whole in these difficult economic times? What, if anything, can be done to help it? Chris Dziadul [email protected] .
    [Show full text]
  • Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, D
    Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, d. d. for the year 2011 Ljubljana, 29 February 2012 WorldReginfo - 4f80d9f0-065a-4264-b161-57aa998fc547 Contents 1. Introductory note ....................................................................................................................................1 2. Mission, values, vision and strategic objectives .....................................................................................2 2.1. Mission, values and vision......................................................................................................................2 2.2. Strategic guidelines and objectives of the Telekom Slovenije Group ....................................................3 2.3. Plans for 2012 with projections until 2016..............................................................................................3 3. Telekom Slovenije Group .......................................................................................................................4 3.1. On the map of Europe ............................................................................................................................4 3.2. Organisation of the Telekom Slovenije Group .......................................................................................5 3.3. Operating highlights ...............................................................................................................................6 3.4. Key financial indicators for the Telekom Slovenije Group
    [Show full text]