30 June 2019
Interim
Financial Statements
For the six months ended 30 June 2022
kpn. The network of the Netherlands
Interim Financial Statements
27 July 2022
Unaudited Condensed Consolidated Interim Financial Statements
for the six months ended 30 June 2022
Unaudited Consolidated Statement of Profit or Loss | 3 |
Unaudited Consolidated Statement of Other Comprehensive Income | 4 |
Unaudited Consolidated Statement of Financial Position | 5 |
Unaudited Consolidated Statement of Changes in Group Equity | 7 |
Unaudited Consolidated Statement of Cash Flows | 8 |
General notes to the Condensed Consolidated Interim Financial Statements | 10 |
Notes to the Condensed Consolidated Statement of Profit or Loss | 13 |
Notes to the Condensed Consolidated Statement of Financial Position | 16 |
All related documents can be found on KPN's website (ir.kpn.com), including the KPN Management Report Q2 2022.
KPN Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2022 | | | 2 |
Interim Financial Statements
27 July 2022
Unaudited Consolidated Statement of Profit or Loss
For the three months | For the six months | ||||
ended 30 June | ended 30 June | ||||
(in € m, unless indicated otherwise) | Notes | 2022 | 2021 | 2022 | 2021 |
(restated) | (restated) | ||||
Revenues | 1,313 | 1,294 | 2,624 | 2,584 | |
Other income | [10] | 16 | 842 | 28 | 842 |
Total revenues and other income | [4/5/10] | 1,329 | 2,136 | 2,651 | 3,426 |
Cost of goods & services | 337 | 312 | 662 | 634 | |
Personnel expenses | 201 | 213 | 410 | 429 | |
Information technology/Technical infrastructure (IT/TI) | 74 | 78 | 147 | 155 | |
Other operating expenses | 77 | 74 | 160 | 151 | |
Depreciation, amortization & impairments (DA&I) | 333 | 365 | 675 | 729 | |
Total operating expenses | [4/6] | 1,022 | 1,043 | 2,053 | 2,097 |
Operating profit | [4/6] | 307 | 1,093 | 598 | 1,329 |
Finance income | 1 | -1 | 2 | -1 | |
Finance costs | -48 | -54 | -99 | -109 | |
Other financial results | -17 | -5 | -27 | -2 | |
Finance income and expenses | [7/11/18] | -64 | -59 | -124 | -113 |
Share of the profit/loss (-) of associates and joint | |||||
ventures | [10] | - | - | 2 | - |
Profit/Loss (-) before income tax from continuing | |||||
operations | 243 | 1,035 | 475 | 1,216 | |
Income taxes | [8] | -57 | -235 | -110 | -275 |
Profit/Loss (-) for the period from continuing | |||||
operations | 186 | 800 | 365 | 941 | |
Profit/Loss (-) for the period from discontinued | |||||
operations | - | - | -1 | - | |
Profit/Loss (-) for the period | 186 | 800 | 364 | 941 | |
Profit/Loss (-) attributable to non-controlling interest | - | - | - | - | |
Profit/Loss (-) attributable to equity holders | 185 | 800 | 364 | 940 | |
Earnings per ordinary share after taxes attributable | |||||
to equity holders for the period (in €) | |||||
- Basic (continuing operations) | 0.05 | 0.19 | 0.09 | 0.22 | |
- Diluted (continuing operations) | 0.05 | 0.19 | 0.09 | 0.22 | |
- Basic (discontinued operations) | - | - | - | - | |
- Diluted (discontinued operations) | - | - | - | - | |
- Basic (total, including discontinued operations) | 0.05 | 0.19 | 0.09 | 0.22 | |
- Diluted (total, including discontinued operations) | 0.05 | 0.19 | 0.09 | 0.22 | |
Weighted average number of ordinary shares | |||||
- Non-diluted | 4,116,433,176 | 4,197,903,063 | |||
- Diluted | 4,120,691,699 | 4,203,129,306 |
[..] Bracketed numbers refer to the related notes to these Condensed Consolidated Interim Financial Statements. Regarding restatements, refer to note [4].
KPN Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2022 | | | 3 |
Interim Financial Statements
27 July 2022
Unaudited Consolidated Statement of Other Comprehensive Income
For the three months | For the six months ended | ||||
ended 30 June | 30 June | ||||
(in € m) | 2022 | 2021 | 2022 | 2021 | |
Profit for the period | 186 | 800 | 364 | 941 | |
Other comprehensive income, net of tax | |||||
Other comprehensive income to be reclassified | |||||
subsequently to profit or loss when specific conditions are | |||||
met: | |||||
- Net gain/loss (-) on cashflow hedges [18] | 42 | 31 | 45 | 16 | |
- Currency translation differences | 1 | 2 | 2 | -5 | |
Net other comprehensive income/loss (-) to be | |||||
reclassified to profit or loss in subsequent periods | 43 | 33 | 47 | 11 | |
Items of other comprehensive income not to be | |||||
reclassified subsequently to profit or loss: | |||||
- Retirement benefit remeasurements [16] | 11 | 27 | 11 | 27 | |
- Net gain/loss (-) on equity instruments designated at fair | |||||
value through other comprehensive income | - | - | 3 | - | |
Net other comprehensive income/loss (-) not to be | |||||
reclassified to profit or loss in subsequent periods | 11 | 27 | 14 | 27 | |
Other comprehensive income/loss (-) for the period, net | |||||
of tax | 54 | 60 | 61 | 38 | |
Total comprehensive income/loss (-) for the period, net | |||||
of tax | 240 | 860 | 425 | 979 | |
Total comprehensive income for the period, net of tax, | |||||
attributable to: | |||||
- Equity holders of the company | 240 | 860 | 425 | 979 | |
- Non-controlling interest | - | - | - | - | |
Total comprehensive income/loss (-) attributable to | |||||
equity holders arises from: | |||||
- Continuing operations | 240 | 860 | 426 | 979 | |
- Discontinued operations | - | - | -1 | - |
[..] Bracketed numbers refer to the related notes to these Condensed Consolidated Interim Financial Statements.
KPN Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2022 | | | 4 |
Interim Financial Statements
27 July 2022
Unaudited Consolidated Statement of Financial Position
Assets | |||
(in € m) | Notes | 30 June | 31 December |
2022 | 2021 | ||
Non-current assets | |||
Land and buildings | 389 | 401 | |
Plant and equipment | 4,921 | 4,912 | |
Other tangible non-current assets | 24 | 34 | |
Assets under construction | 143 | 118 | |
Total property, plant and equipment | 5,477 | 5,463 | |
Goodwill | 1,432 | ||
1,432 | |||
Licenses | 982 | 1,032 | |
Software | 359 | 387 | |
Other intangibles | 141 | 155 | |
Total intangible assets | 2,915 | 3,006 | |
Right-of-use assets | 804 | ||
786 | |||
Equity investments accounted for using the equity method | [10] | 500 | 511 |
Equity investments measured at fair value through other comprehensive | |||
income | [18] | 61 | 49 |
Derivative financial instruments | [18] | 143 | 212 |
Other financial asset at fair value through profit or loss | [10/11/18] | 158 | 204 |
Deferred income tax assets | [8/10] | 327 | 506 |
Trade and other receivables | 69 | 77 | |
Contract assets and contract costs | [10] | 76 | 36 |
Total non-current assets | 10,512 | 10,869 | |
Current assets | |||
Inventories | 53 | 37 | |
Trade and other receivables | 682 | 677 | |
Contract assets and contract costs | [10] | 40 | 45 |
Income tax receivables | [8] | 72 | 2 |
Derivative financial instruments | [18] | 108 | - |
Other financial asset at fair value through profit or loss | [10/11/18] | 42 | 14 |
Other current financial assets | [12] | 189 | 300 |
Cash and cash equivalents | [13] | 438 | 793 |
Total current assets | 1,624 | 1,868 | |
Total assets | 12,737 | ||
12,136 |
[..] Bracketed numbers refer to the related notes to these Condensed Consolidated Interim Financial Statements.
KPN Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2022 | | | 5 |
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Koninklijke KPN NV published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 05:41:03 UTC.