Reconciliation of pro forma figures

SPECIAL FACTORS

The following table presents a reconciliation of EBITDA, EBIT, and net profit/loss to the respective figures adjusted for special factors. Reconciliations are presented for the reporting period, the prior-year period, and the full 2016 financial year:

millions of €            
  EBITDA
Q1 2017
EBIT
Q1 2017
EBITDA
Q1 2016
EBIT
Q1 2016
EBITDA
FY 2016
EBIT
FY 2016
EBITDA/EBIT 5,963 2,771 7,667 4,525 22,544 9,164
Germany (49) (49) (158) (158) (910) (910)
Staff-related measures (37) (37) (144) (144) (854) (854)
Non-staff-related restructuring (7) (7) (14) (14) (38) (38)
Effects of deconsolidations, disposals and acquisitions 0 0 0 0 0 0
Other (5) (5) 0 0 (18) (18)
United States 4 4 360 360 406 406
Staff-related measures (1) (1) (7) (7) (11) (11)
Non-staff-related restructuring 0 0 0 0 0 0
Effects of deconsolidations, disposals and acquisitions 0 0 367 367 417 417
Impairment losses 0 0 0
Other 5 5 0 0 0 0
Europe (12) (12) (22) (22) (93) (277)
Staff-related measures (11) (11) (28) (28) (100) (100)
Non-staff-related restructuring 0 0 (1) (1) (4) (4)
Effects of deconsolidations, disposals and acquisitions 0 0 7 7 25 25
Impairment losses 0 0 (184)
Other 0 0 0 0 (14) (14)
Systems Solutions (35) (35) (49) (49) (252) (276)
Staff-related measures (14) (14) (24) (24) (136) (136)
Non-staff-related restructuring 0 0 (2) (2) (5) (5)
Effects of deconsolidations, disposals and acquisitions 0 0 0 0 0 0
Impairment losses 0 0 0
Other (21) (21) (24) (24) (111) (135)
Group development 519 519 2,506 2,506 2,547 2,132
Staff-related measures 5 5 0 0 (35) (35)
Non-staff-related restructuring (2) (2) 0 0 (3) (3)
Effects of deconsolidations, disposals and acquisitions 516 516 2,507 2,507 2,585 2,585
Impairment losses 0 0 (415)
Other 0 0 0 0 0 0
Group Headquarters & Group Services (16) (16) (133) (133) (574) (574)
Staff-related measures (19) (19) (46) (46) (502) (502)
Non-staff-related restructuring (2) (2) (17) (17) (31) (31)
Effects of deconsolidations, disposals and acquisitions 6 6 (49) (49) (11) (11)
Impairment losses 0 0 0
Other (1) (1) (21) (21) (29) (29)
Group reconciliation 1 1 0 0 (1) (1)
Staff-related measures 0 0 0 0 0 0
Non-staff-related restructuring 0 0 0 0 0 0
Effects of deconsolidations, disposals and acquisitions 0 0 0 0 (1) (1)
Other 1 1 0 0 0 0
Total special factors 412 412 2,504 2,504 1,124 501
EBITDA/EBIT
(adjusted for special factors)
5,550 2,359 5,163 2,021 21,420 8,663
Profit (loss) from financial activities
(adjusted for special factors)
  (1,355)   (215)   (2,323)
Profit (loss) before income taxes
(adjusted for special factors)
  1,004   1,806   6,340
Income taxes
(adjusted for special factors)
  0   (582)   (1,858)
Profit (loss)
(adjusted for special factors)
  1,004   1,224   4,482
Profit (loss)
(adjusted for special factors) attributable to
           
Owners of the parent (net profit (loss))
(adjusted for special factors)
  939   1,047   4,114
Non-controlling interests
(adjusted for special factors)
  64   177   368

GROSS AND NET DEBT

Deutsche Telekom considers net debt to be an important performance indicator for investors, analysts, and rating agencies.

millions of €          
  Mar. 31, 2017 Dec. 31, 2016 Change Change % Mar. 31, 2016
Financial liabilities (current) 14,871 14,422 449 3.1 % 13,876
Financial liabilities (non-current) 50,402 50,228 174 0.3 % 48,185
Financial liabilities 65,273 64,650 623 1.0 % 62,061
           
Accrued interest (690) (955) 265 27.7 % (696)
Other (932) (1,029) 97 9.4 % (832)
Gross debt 63,651 62,666 985 1.6 % 60,533
           
Cash and cash equivalents 9,542 7,747 1,795 23.2 % 7,332
Available-for-sale financial assets/ financial assets held for trading 7 10 (3) (30.0) % 2,666
Derivative financial assets 1,570 2,379 (809) (34.0) % 2,654
Other financial assets 2,569 2,571 (2) (0.1) % 278
           
Net debt 49,963 49,959 4 0.0 % 47,603

RECONCILIATION FOR THE CHANGE IN DISCLOSURE OF KEY FIGURES FOR THE PRIOR-YEAR COMPARATIVE PERIOD IN THE FIRST QUARTER OF 2017

millions of €                
  Total
revenue
Profit (loss)
from
operations
(EBIT)
EBITDA Adjusted
EBITDA
Depreciation and amortization Impairment
losses
Segment
assets a
Segment
liabilities a
Q1 2016/March 31, 2016
Presentation as of March 31, 2016 – as reported
               
Germany 5,452 1,074 2,022 2,180 (940) (8) 33,353 26,423
United States 7,816 956 2,268 1,908 (1,312) 68,349 49,791
Europe 3,080 326 962 986 (636) 30,778 12,519
Systems Solutions 2,045 30 146 206 (116) 9,031 6,073
Group Development
Group Headquarters & Group Services 513 2,139 2,269 (117) (129) (1) 42,628 50,502
Total 18,906 4,525 7,667 5,163 (3,133) (9) 184,139 145,308
Reconciliation (1,276) (35,654) (35,668)
Group 17,630 4,525 7,667 5,163 (3,133) (9) 148,485 109,640
Q1 2016/March 31, 2016
+/- Change in disclosure: Technology and Innovation Board department and group Development operating segment
               
Germany (67) (101) (128) (128) 27 (1,336) (829)
United States
Europe (317) 9 (53) (55) 62 (4,178) (1,528)
Systems Solutions (186) 21 1 (10) 20 (1,569) (830)
Group Development 575 2,640 2,730 223 (90) 11,221 2,417
Group Headquarters & Group Services 268 (2,569) (2,549) (30) (20) (4,926) (19)
Total 273 1 (1) (788) (789)
Reconciliation (273) (1) 1 788 789
Group
Q1 2016/March 31, 2016
= Presentation as of March 31, 2017
               
Germany 5,385 973 1,894 2,052 (913) (8) 32,017 25,594
United States 7,816 956 2,268 1,908 (1,312) 68,349 49,791
Europe 2,763 335 909 931 (574) 26,600 10,991
Systems Solutions 1,859 51 147 196 (96) 7,462 5,243
Group Development 575 2,640 2,730 223 (90) 11,221 2,417
Group Headquarters & Group Services 781 (430) (280) (147) (149) (1) 37,702 50,483
Total 19,179 4,525 7,668 5,163 (3,134) (9) 183,351 144,519
Reconciliation (1,549) (1) 1 (34,866) (34,879)
Group 17,630 4,525 7,667 5,163 (3,133) (9) 148,485 109,640
 
a Figures relate to the reporting date December 31, 2016.