5 Non-current assets and disposal groups held for sale and liabilities directly associated with non-current assets and disposal groups held for sale
As of December 31, 2022, current assets recognized in the consolidated statement of financial position included EUR 4.7 billion (December 31, 2021: EUR 4.9 billion) in non-current assets and disposal groups held for sale. Current liabilities in the consolidated statement of financial position included liabilities directly associated with non-current assets and disposal groups held for sale of EUR 3.3 billion as of December 31, 2022 (December 31, 2021: EUR 1.4 billion). The change in carrying amounts resulted from the transactions described below.
millions of € |
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|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2022 |
Dec. 31, 2021 |
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GD tower companies |
T‑Mobile US wireline business |
T‑Mobile US spectrum |
Other |
Total |
T‑Mobile Netherlands B.V. |
Glasfaser Plus GmbH |
T‑Mobile US spectrum |
Other |
Total |
Non-current assets and disposal groups held for sale |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
26 |
|
|
26 |
8 |
3 |
|
|
11 |
Trade receivables |
14 |
32 |
|
|
46 |
396 |
|
|
|
396 |
Inventories |
11 |
|
|
|
11 |
44 |
|
|
|
44 |
Other current assets |
7 |
9 |
|
|
16 |
64 |
|
|
|
64 |
Intangible assets |
524 |
30 |
65 |
|
619 |
2,253 |
120 |
27 |
5 |
2,405 |
Of which: goodwill |
523 |
|
|
|
523 |
876 |
120 |
|
2 |
998 |
Property, plant and equipment |
1,573 |
192 |
|
28 |
1,793 |
746 |
|
|
18 |
764 |
Right-of-use assets |
2,043 |
47 |
|
|
2,090 |
612 |
|
|
|
612 |
Deferred tax assets |
71 |
|
|
|
71 |
414 |
|
|
|
414 |
Other non-current assets |
6 |
6 |
|
|
12 |
117 |
|
|
29 |
146 |
Total |
4,249 |
342 |
65 |
28 |
4,684 |
4,654 |
123 |
27 |
52 |
4,856 |
Liabilities directly associated with non-current assets and disposal groups held for sale |
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|
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Financial liabilities |
14 |
|
|
|
14 |
|
|
|
|
0 |
Current lease liabilities |
184 |
56 |
|
|
240 |
|
|
|
|
0 |
Trade and other payables |
87 |
59 |
|
|
146 |
324 |
|
|
|
324 |
Other current provisions |
28 |
|
|
|
28 |
81 |
|
|
|
81 |
Other current liabilities |
26 |
4 |
|
|
30 |
247 |
|
|
|
247 |
Non-current lease liabilities |
1,798 |
234 |
|
|
2,032 |
634 |
|
|
|
634 |
Provisions and similar obligations |
26 |
|
|
|
26 |
|
|
|
|
0 |
Other non-current provisions |
689 |
33 |
|
|
722 |
32 |
|
|
|
32 |
Deferred tax liabilities |
61 |
|
|
|
61 |
39 |
|
|
|
39 |
Other non-current liabilities |
45 |
3 |
|
|
48 |
8 |
|
|
|
8 |
Total |
2,958 |
389 |
0 |
0 |
3,347 |
1,365 |
0 |
0 |
0 |
1,365 |
As of December 31, 2022, the carrying amounts included the reclassified assets and liabilities of the GD tower companies in the Group Development operating segment, and of the T‑Mobile US wireline business in the United States operating segment. Both these entities were classified as held for sale as of December 31, 2022 on account of purchase agreements signed but not yet consummated.
The assets and liabilities of both entities were measured at the lower of the carrying amount and fair value less costs of disposal. The fair values were determined on the basis of the sale agreements concluded with the contracting parties.
For further information on the aforementioned business transactions, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”
In 2022, transactions were agreed between T‑Mobile US and several competitors for the exchange of mobile spectrum licenses in order to improve mobile network coverage. In the prior year, similar transactions were agreed between T‑Mobile US and two competitors for the exchange of mobile spectrum licenses, which were consummated in the reporting year. The measurements use parameters that are not observable on the market (Level 3 inputs).
As of December 31, 2021, the carrying amounts included the reclassified assets and liabilities of T‑Mobile Netherlands B.V. in the Group Development operating segment, and of GlasfaserPlus GmbH in the Germany operating segment.
For further information on the disposals consummated in the reporting year, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies.”
No reversals of impairments of the carrying amounts of the non-current assets and disposal groups held for sale were recognized either in the reporting year or in the prior year.