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ORIGINAL frn Tele2 (GFR)

Income statement
SEK million

Note

2014

2013

2013

Jan 1-Mar 31

Jan 1-Mar 31

Full year

CONTINUING OPERATIONS
Net sales

7,108

7,298

29,871

Cost of services sold

-4,305

-4,447

-18,539

2,803

2,851

11,332

Gross profit

Selling expenses

-1,556

-1,581

-6,598

Administrative expenses

-663

-621

-2,636

-2

-7

-17

349

47

208

Result from shares in joint ventures and associated companies


Other operating income
Other operating expenses

10
2

Operating profit, EBIT

-77

-19

-97

854

670

2,192

-391

Interest income/costs

-89

-130

Other financial items

-53

13

-223

712

553

1,578

-237

-200

-923

475

353

655

Profit after financial items, EBT

Income tax

NET PROFIT FROM CONTINUING OPERATIONS

DISCONTINUED OPERATIONS
Net profit from discontinued operations

10

NET PROFIT

656

13,935

475

1,009

14,590

475

1,009

14,590

ATTRIBUTABLE TO

Equity holders of the parent company

Earnings per share (SEK)

1.07

2.27

32.77

Earnings per share, after dilution (SEK)

1.06

2.25

32.55

475

353

655

FROM CONTINUING OPERATIONS


ATTRIBUTABLE TO

Equity holders of the parent company

Earnings per share (SEK)

1.07

0.79

1.47

Earnings per share, after dilution (SEK)

1.06

0.79

1.45

Interim report / Delrsrapport


238286691.xlsx.ms_office

ORIGINAL frn Tele2 (GFR)

Comprehensive income
2014
SEK million

Note

Net profit

2013

2013

Jan 1-Mar
Jan 1-Mar 31
31

Full year

475

1,009

14,590

-1

203

-45

-1

158

-60

-536

266

-12

-75

-18
1,716

OTHER COMPREHENSIVE INCOME


Components not to be reclassified to net
profit
Pensions, actuarial gains/losses
Pensions, actuarial gains/losses, tax effect
Total components not to be reclassified to
net profit
Components that may be reclassified to net
profit
Exchange rate differences
Exchange rate differences, tax effect
Reversed cumulative exchange rate differences
from divested companies

10

10

Cash flow hedges

-3

-35

-32

82

Cash flow hedges, tax effect


Total components that may be reclassified to
net profit

-18

-102

-635

2,028

Other comprehensive income for the period,


net of tax

-103

-635

2,186

TOTAL COMPREHENSIVE INCOME FOR THE


PERIOD

372

374

16,776

372

374

16,776

ATTRIBUTABLE TO

Equity holders of the parent company

Change in equity
Mar 31, 2014

Mar 31, 2013

Attributable to

SEK million

Note

Equity, January 1

Net profit for the period


Other comprehensive income for the period, net
of tax
Total comprehensive income for the period

equity holders
of the parent
company

Dec 31, 2013

Attributable to

equity
nonholders
controlling
of the parent
interests Total equity
company

Attributable to

equity
nonholders
controlling
of the parent
interests Total equity
company

noncontrolling
interests Total equity

21,589

21,591

20,426

20,429

20,426

20,429

475

475

1,009

1,009

14,590

14,590

-103

-103

-635

-635

2,186

2,186

372

372

374

374

16,776

16,776

14

Other changes in equity


Share-based payments

12

12

14

Share-based payments, tax effect

11

11

10

10

Dividends

-3,163

-3,163

Redemption of shares

-12,474

-12,474

Purchase of non-controlling interests

-1

-1

-1

-1

21,967

21,969

20,823

20,825

21,589

21,591

EQUITY, END OF THE PERIOD

Interim report

ORIGINAL frn Tele2 (GFR)

Balance sheet
SEK million

Note

Mar 31, 2014

Mar 31, 2013

Dec 31, 2013

9,426

9,109

9,537

5,130

5,275

5,183

14,556

14,384

14,720
11,747

ASSETS
NON-CURRENT ASSETS

Goodwill
Other intangible assets

Intangible assets
Tangible assets

11,711

11,525

Financial assets

329

98

365

Deferred tax assets

2,606

3,317

2,753

29,202

29,324

29,585

NON-CURRENT ASSETS

CURRENT ASSETS

Inventories
Current receivables
Current investments

438

344

471

7,512

8,185

7,948

43

58

55

593

386

1,348

8,586

8,973

9,822

10,010

448

37,788

48,307

39,855

21,967

20,823

21,589

21,969

20,825

21,591

Interest-bearing liabilities

5,186

6,136

6,282

Non-interest-bearing liabilities

423

607

441

5,609

6,743

6,723

3,167

5,245

3,148

7,043

7,846

8,340

10,210

13,091

11,488

7,648

53

37,788

48,307

39,855

Cash and cash equivalents

CURRENT ASSETS

ASSETS CLASSIFIED AS HELD FOR SALE

10

ASSETS
EQUITY AND LIABILITIES
EQUITY

Attributable to equity holders of the parent company


Non-controlling interests
EQUITY

NON-CURRENT LIABILITIES

NON-CURRENT LIABILITIES

CURRENT LIABILITIES
Interest-bearing liabilities

Non-interest-bearing liabilities
CURRENT LIABILITIES

LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE

EQUITY AND LIABILITIES

10

Interim report

ORIGINAL frn Tele2 (GFR)

Cash flow statement


(Total operations)
2014

2013

2013

2014

2013

2013

2013

2013

2012

Jan 1-Mar 31

Jan 1-Mar 31

Full year

Q1

Q4

Q3

Q2

Q1

Q4

Operating profit

854

1,579

16,339

854

586

248

13,926

1,579

1,524

Adjustments for non-cash items in operating profit

518

1,108

-9,141

518

891

1,286 -12,426

1,108

1,154

Financial items paid

-41

-113

-455

-41

-141

-132

-69

-113

-363

-125

-332

-479

-125

-109

-31

-7

-332

-497

1,206

2,242

6,264

1,206

1,227

1,371

1,424

2,242

1,818

-699

-667

-451

-699

293

-14

-63

-667

-3

507

1,575

5,813

507

1,520

1,357

1,361

1,575

1,815

-1,062

-2,461

-5,241

-1,062

-1,013

-862

-905

-2,461

-1,286

-555

-886

572

-555

507

495

456

-886

529

749

-108

17,228

749

-4

-52

17,392

-108

-16

14

14

-6

-299

-2,565

11,994

-299

-1,023

-913

16,495

-2,565

-1,301

208

-990

17,807

208

497

444

17,856

-990

514

SEK million

Note

OPERATING ACTIVITIES

Taxes paid
Cash flow from operations before changes in
working capital
Changes in working capital
CASH FLOW FROM OPERATING ACTIVITIES

INVESTING ACTIVITIES

CAPEX paid

Cash flow after CAPEX


Acquisition and sale of shares and participations

10

Other financial assets


Cash flow from investing activities
CASH FLOW AFTER INVESTING ACTIVITIES

FINANCING ACTIVITIES

Change of loans, net

-986

-229

-2,433

-986

-169

-159

-1,876

-229

511

Dividends

-3,163

-3,163

Redemption of shares

-12,474

- -12,474

Other financing activities

-94

-94

Cash flow from financing activities

-986

-323

-18,164

-986

-169

NET CHANGE IN CASH AND CASH EQUIVALENTS

-778

-1,313

-357

-778

328

285

Cash and cash equivalents at beginning of period


Exchange rate differences in cash and cash
equivalents

1,348

1,673

1,673

1,348

1,024

23

26

32

23

593

386

1,348

593

CASH AND CASH EQUIVALENTS AT END OF


THE PERIOD

-94

-159 -17,513

-323

511

343

-1,313

1,025

740

386

1,673

632

-4

-1

11

26

16

1,348

1,024

740

386

1,673

Interim report

ORIGINAL frn Tele2 (GFR)

Numbers of customers
Numbers of
customers
2014
by thousands

Sweden
Mobile
Fixed broadband
Fixed telephony

2013

2013

2014

2013

2013

2013

2013

2012

Jan 1Full year


Mar 31

Q1

Q4

Q3

Q2

Q1

Q4

Note

Mar 31

Mar 31

1
1

3,725
74
264

3,723
471
320

-13
-6
-9

-34
-13
-21

38
-19
-68

-13
-6
-9

-8
-7
-16

60
-2
-15

20
3
-16

-34
-13
-21

-38
-2
-113

4,063

4,514

-28

-68

-49

-28

-31

43

-68

-153

741
368
97

535
407
130

47
-6
-10

57
-14
-11

224
-47
-34

47
-6
-10

62
-11
-7

56
-12
-6

49
-10
-10

57
-14
-11

55
-17
-8

1,206

1,072

31

32

143

31

44

38

29

32

30

1,133
60

1,132
77

14
-3

-4
-4

20
-18

14
-3

-3
-7

5
-3

22
-4

-4
-4

15
-3

1,193

1,209

11

-8

11

-10

18

-8

12

2,771

3,664

20

252

154

20

-393

-14

309

252

361

2,771

3,664

20

252

154

20

-393

-14

309

252

361

799

776

22

40

-45

50

13

22

-44

799

776

22

40

-45

50

13

22

-44

1,869

1,795

18

12

81

18

-1

54

16

12

-5

1,869

1,795

18

12

81

18

-1

54

16

12

-5

992

1,040

-39

-3

-9

-39

-41

24

11

-3

992

1,040

-39

-3

-9

-39

-41

24

11

-3

498
5

505
5

-5
1

-1
-

-1

-5
1

-8
-

7
-

2
-1

-1
-

-14
-

503

510

-4

-1

-1

-4

-8

-1

-14

115
161

124
184

-3
-6

-3
-7

-9
-24

-3
-6

-2
-6

-2
-5

-2
-6

-3
-7

-2
-5

276

308

-9

-10

-33

-9

-8

-7

-8

-10

-7

196
68
446

122
78
569

20
-3
-20

12
-4
-25

66
-11
-128

20
-3
-20

20
-2
-17

21
-2
-10

13
-3
-76

12
-4
-25

13
-3
-73

710

769

-3

-17

-73

-3

-66

-17

-63

12,724
625
1,033

13,292
1,080
1,285

68
-18
-47

313
-34
-68

614
-86
-273

68
-18
-47

-417
-22
-53

263
-18
-39

455
-12
-113

313
-34
-68

344
-24
-202

14,382

15,657

211

255

-492

206

330

211

118

-385
-

-937

-385
-

-93

-844

-382

211

-682

-382

-585

206

-514

211

118

Norway
Mobile
Fixed telephony
Kazakhstan
Mobile
Croatia
Mobile
Lithuania
Mobile
Latvia
Mobile
Estonia
Mobile
Fixed telephony
Austria
Fixed broadband
Fixed telephony
Germany
Mobile
Fixed broadband
Fixed telephony

Divested companies
Changed method of calculation
TOTAL NUMBERS OF
CUSTOMERS AND NET CHANGE

2014
Jan 1Mar 31

Netherlands
Mobile
Fixed broadband
Fixed telephony

TOTAL
Mobile
Fixed broadband
Fixed telephony
TOTAL NUMBERS OF
CUSTOMERS AND NET INTAKE

Net intake

2013

1
1
14,382

15,657

Interim report

ORIGINAL frn Tele2 (GFR)

Net sales
2014
SEK million

Sweden
Mobile
Fixed broadband
Fixed telephony
Other operations

2013

2014

2013

2013

2013

2013

2012

Note

Jan 1-Mar 31

Jan 1-Mar 31 Full year

Q1

Q4

Q3

Q2

Q1

Q4

1
1, 10

2,626
180
181
35

2,437 10,075
383
1,411
232
841
31
133

2,626
180
181
35

2,590
345
188
34

2,508
334
203
35

2,540
349
218
33

2,437
383
232
31

2,585
351
261
34

3,022

3,083 12,460

3,022

3,157

3,080

3,140

3,083

3,231

Netherlands
Mobile
Fixed broadband
Fixed telephony
Other operations
Norway
Mobile
Fixed telephony
Other operations
Kazakhstan
Mobile
Croatia
Mobile
Lithuania
Mobile
Latvia
Mobile
Estonia
Mobile
Fixed telephony
Other operations
Austria
Fixed broadband
Fixed telephony
Other operations
Germany
Mobile
Fixed broadband
Fixed telephony
Other
Other operations

2013

435
626
117
142

355
685
143
148

1,682
2,632
551
571

435
626
117
142

447
651
131
143

463
646
135
139

417
650
142
141

355
685
143
148

288
731
158
153

1,320

1,331

5,436

1,320

1,372

1,383

1,350

1,331

1,330

908
51
1

982
70
2

3,874
252
6

908
51
1

929
56
2

974
59
2

989
67
-

982
70
2

1,153
76
-

960

1,054

4,132

960

987

1,035

1,056

1,054

1,229

294

289

1,344

294

365

357

333

289

294

294

289

1,344

294

365

357

333

289

294

299

296

1,397

299

396

372

333

296

360

299

296

1,397

299

396

372

333

296

360

306

295

1,289

306

329

336

329

295

306

306

295

1,289

306

329

336

329

295

306

215

238

926

215

233

234

221

238

281

215

238

926

215

233

234

221

238

281

140
2
12

139
3
14

606
10
58

140
2
12

156
2
14

163
3
16

148
2
14

139
3
14

211
2
15

154

156

674

154

172

182

164

156

228

193
42
56

202
50
62

811
190
243

193
42
56

203
47
56

204
46
63

202
47
62

202
50
62

216
55
63

291

314

1,244

291

306

313

311

314

334

104
43
82

66
45
103

321
171
375

104
43
82

99
40
87

82
43
88

74
43
97

66
45
103

60
48
117

229

214

867

229

226

213

214

214

225

28

39

152

28

37

40

36

39

68

28

39

152

28

37

40

36

39

68

5,327
1,042
475
274

5,097 21,514
1,315
5,025
601
2,219
296
1,163

5,327
1,042
475
274

5,544
1,239
511
286

5,489
1,227
534
295

5,384
1,244
573
286

5,097
1,315
601
296

5,538
1,346
669
333

7,118
-10
7,108

7,309 29,921
-11
-50
7,298 29,871

7,118
-10
7,108

7,580
-12
7,568

7,545
-16
7,529

7,487
-11
7,476

7,309
-11
7,298

7,886
-13
7,873

TOTAL

Mobile
Fixed broadband
Fixed telephony
Other operations
Internal sales, elimination
TOTAL

10

Interim report

ORIGINAL frn Tele2 (GFR)

Internal sales
2014
SEK million

Sweden
Mobile
Netherlands
Other operations
Norway
Fixed telephony
Lithuania
Mobile
Latvia
Mobile
Other
Other operations

2013

2014

2013

2013

2013

2013

2012

Jan 1-Mar 31 Full year

Q1

Q4

Q3

Q2

Q1

Q4

18

18

11

11

5
4
1
10

7
4
11

27
18
5
50

5
4
1
10

6
4
2
12

8
6
2
16

6
4
1
11

7
4
11

6
7
13

Jan 1-Mar 31

2013

TOTAL

Mobile
Fixed telephony
Other operations
TOTAL

Interim report

ORIGINAL frn Tele2 (GFR)

Mobile external net sales split


SEK million

Sweden, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Other revenue
Netherlands, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Norway, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Kazakhstan, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Croatia, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Lithuania, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Latvia, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Estonia, mobile
End user service revenue
Operator revenue
Service revenue
Equipment revenue
Germany, mobile
End user service revenue
Service revenue
Equipment revenue

Note

2014

2013

2013

2014

2013

2013

2013

2013

2012

Jan 1-Mar 31

Jan 1-Mar 31

Full year

Q1

Q4

Q3

Q2

Q1

Q4

1,716
284
2,000
467
158

1,662
270
1,932
355
147

6,950
982
7,932
1,535
601

1,716
284
2,000
467
158

1,775
209
1,984
449
156

1,767
229
1,996
358
152

1,746
274
2,020
373
146

1,662
270
1,932
355
147

1,716
306
2,022
426
135

2,625

2,434

10,068

2,625

2,589

2,506

2,539

2,434

2,583

273
34
307
128

197
29
226
129

944
131
1,075
607

273
34
307
128

261
34
295
152

259
34
293
170

227
34
261
156

197
29
226
129

158
27
185
103

435

355

1,682

435

447

463

417

355

288

696
133
829
79

775
133
908
74

3,028
550
3,578
296

696
133
829
79

718
137
855
74

761
137
898
76

774
143
917
72

775
133
908
74

771
264
1,035
118

908

982

3,874

908

929

974

989

982

1,153

216
72
288
6

195
86
281
8

909
402
1,311
33

216
72
288
6

251
106
357
8

240
108
348
9

223
102
325
8

195
86
281
8

189
97
286
8

294

289

1,344

294

365

357

333

289

294

182
54
236
63

175
61
236
60

749
298
1,047
350

182
54
236
63

191
71
262
134

199
91
290
82

184
75
259
74

175
61
236
60

189
90
279
81

299

296

1,397

299

396

372

333

296

360

196
40
236
68

204
41
245
48

843
145
988
292

196
40
236
68

205
37
242
85

221
35
256
78

213
32
245
81

204
41
245
48

194
45
239
65

304

293

1,280

304

327

334

326

293

304

128
56
184
29

128
75
203
33

533
225
758
157

128
56
184
29

130
55
185
45

139
49
188
42

136
46
182
37

128
75
203
33

156
73
229
50

213

236

915

213

230

230

219

236

279

91
15
106
34

95
15
110
29

391
65
456
150

91
15
106
34

96
16
112
44

102
18
120
43

98
16
114
34

95
15
110
29

104
61
165
46

140

139

606

140

156

163

148

139

211

102
102
2

65
65
1

316
316
5

102
102
2

97
97
2

81
81
1

73
73
1

65
65
1

59
59
1

104

66

321

104

99

82

74

66

60

3,496 14,663
710
2,798
4,206 17,461
737
3,425
147
601
5,090 21,487

3,600
688
4,288
876
158
5,322

3,724
665
4,389
993
156
5,538

3,769
701
4,470
859
152
5,481

3,674
722
4,396
836
146
5,378

3,496
710
4,206
737
147
5,090

3,536
963
4,499
898
135
5,532

TOTAL, MOBILE

End user service revenue


Operator revenue
Service revenue
Equipment revenue
Other revenue
TOTAL

3,600
688
4,288
876
158
5,322

Interim report

ORIGINAL frn Tele2 (GFR)

EBITDA
2014
SEK million

Sweden
Mobile
Fixed broadband
Fixed telephony
Other operations

2013

2014

2013

2013

2013

2013

2012

Q1

Q4

Q3

Q2

Q1

Q4

2,971
143
243
91

745
10
43
27

722
55
55
26

760
49
61
30

757
19
62
18

732
20
65
17

748
14
72
25

834

3,448

825

858

900

856

834

859

-36
192
30
71

-22
229
34
76

-20
854
137
280

-36
192
30
71

26
217
30
69

-22
192
35
66

-2
216
38
69

-22
229
34
76

-28
254
58
77

257

317

1,251

257

342

271

321

317

361

10
10
2

27
10
2

91
24
6

10
10
2

-20
1
2

49
4
2

35
9
-

27
10
2

-28
12
-

22

39

121

22

-17

55

44

39

-16

-45

-138

-7

-34

-52

-45

-83

-45

-138

-7

-34

-52

-45

-83

25

95

25

22

48

22

25

95

25

22

48

22

108

117

461

108

102

109

133

117

87

108

117

461

108

102

109

133

117

87

62

79

292

62

72

72

69

79

89

62

79

292

62

72

72

69

79

89

33
1
5

35
10

124
4
33

33
1
5

28
1
8

33
1
9

28
2
6

35
10

45
9

39

45

161

39

37

43

36

45

54

24
21
4

54
29
6

184
106
18

24
21
4

37
25
3

48
26
3

45
26
6

54
29
6

48
28
2

49

89

308

49

65

77

77

89

78

-7
7
34

2
4
45

-30
13
155

-7
7
34

-2
4
30

-25
2
41

-5
3
39

2
4
45

-6
5
42

34

51

138

34

32

18

37

51

41

-41

-41

-147

-41

-45

-36

-25

-41

-35

-41

-41

-147

-41

-45

-36

-25

-41

-35

941
233
139
68
1,381

928
307
183
70
1,488

3,846
1,194
669
281
5,990

941
233
139
68
1,381

943
313
142
63
1,461

990
291
168
74
1,523

985
283
176
74
1,518

928
307
183
70
1,488

833
321
212
78
1,444

Jan 1-Mar 31

1-2
1, 2, 10
1-2

745
10
43
27

732
20
65
17

825
Netherlands
Mobile
Fixed broadband
Fixed telephony
Other operations
Norway
Mobile
Fixed telephony
Other operations

2013

Jan 1-Mar 31 Full year

Note

Kazakhstan
Mobile
Croatia
Mobile
Lithuania
Mobile
Latvia
Mobile
Estonia
Mobile
Fixed telephony
Other operations
Austria
Fixed broadband
Fixed telephony
Other operations
Germany
Mobile
Fixed broadband
Fixed telephony
Other
Other operations
TOTAL

Mobile
Fixed broadband
Fixed telephony
Other operations
TOTAL

10

Interim report

ORIGINAL frn Tele2 (GFR)

EBIT
SEK million

Sweden
Mobile
Fixed broadband
Fixed telephony
Other operations

2014

2013

2013

2014

2013

2013

2013

2013

2012

Note

Jan 1-Mar 31

Jan 1-Mar 31

Full year

Q1

Q4

Q3

Q2

Q1

Q4

1-2
1, 2, 10
1-2

482
-14
40
17

482
-58
58
4

1,937
-134
219
41

482
-14
40
17

450
11
50
17

497
-28
57
14

508
-59
54
6

482
-58
58
4

512
-66
63
14

525

486

2,063

525

528

540

509

486

523

-45
66
26
53

-29
110
30
59

-52
371
121
210

-45
66
26
53

17
90
27
50

-29
74
30
49

-11
97
34
52

-29
110
30
59

-36
133
55
60

Netherlands
Mobile
Fixed broadband
Fixed telephony
Other operations
Norway
Mobile
Fixed telephony
Other operations
Kazakhstan
Mobile

Croatia
Mobile
Lithuania
Mobile
Latvia
Mobile
Estonia
Mobile
Fixed telephony
Other operations

100

170

650

100

184

124

172

170

212

-116
9
1

-80
9
2

-372
21
5

-116
9
1

-144
1
2

-76
3
1

-72
8
-

-80
9
2

-137
10
-

-106

-69

-346

-106

-141

-72

-64

-69

-127

-50

-96

-450

-50

-155

-93

-106

-96

-135

-50

-96

-450

-50

-155

-93

-106

-96

-135

-25

-6

21

-6

-25

-20

-25

-6

21

-6

-25

-20

90

87

342

90

73

80

102

87

42

90

87

342

90

73

80

102

87

42

37

41

188

37

55

49

43

41

45

37

41

188

37

55

49

43

41

45

6
2

13
6

32
3
20

6
2

6
5

8
2
5

5
1
4

13
6

5
5

19

55

11

15

10

19

10

Austria
Fixed broadband
Fixed telephony
Other operations

5
12
-

35
21
1

109
74
-

5
12
-

19
15
-1

28
19
-1

27
19
1

35
21
1

27
17
-3

17

57

183

17

33

46

47

57

41

Germany
Mobile
Fixed broadband
Fixed telephony

-13
5
33

-3
2
43

-52
4
147

-13
5
33

-6
1
29

-32
39

-11
1
36

-3
2
43

-11
2
39

25

42

99

25

24

26

42

30

-40

-44

-152

-40

-41

-42

-25

-44

-42

-40

-44

-152

-40

-41

-42

-25

-44

-42

397
62
120
33

390
89
161
28

1,567
350
585
124

397
62
120
33

300
121
122
32

425
74
150
26

452
66
152
38

390
89
161
28

265
96
184
34

Other
Other operations
TOTAL

Mobile
Fixed broadband
Fixed telephony
Other operations

One-off items
TOTAL

10

612

668

2,626

612

575

675

708

668

579

242
854

2
670

-434
2,192

242
854

11
586

-450
225

3
711

2
670

-3
576

2014

2013

2013

2014

2013

2013

2013

2013

2012

Note

Jan 1-Mar 31

Jan 1-Mar 31

Full year

Q1

Q4

Q3

Q2

Q1

Q4

1,381

1,488

5,990

1,381

1,461

1,523

1,518

1,488

1,444

SPECIFICATION OF ITEMS BETWEEN EBITDA AND EBIT


SEK million

EBITDA

Impairment of goodwill and other assets

-457

-3

-454

Sale of operations

10

260

23

260

14

Other one-off items

-18

-18

-6

242

-434

242

11

-450

-3

-767

-813

-3,347

-767

-883

-845

-806

-813

-861

-2
854

-7
670

-17
2,192

-2
854

-3
586

-3
225

-4
711

-7
670

-4
576

Total one-off items


Depreciation/amortization and
other impairment
Result from shares in joint ventures and
associated companies
EBIT

Interim report

10

ORIGINAL frn Tele2 (GFR)

CAPEX
2014
SEK million

Sweden
Mobile
Fixed broadband
Fixed telephony
Other operations
Netherlands
Mobile
Fixed broadband
Fixed telephony
Other operations

Note

10

Norway
Mobile
Fixed telephony
Kazakhstan
Mobile
Croatia
Mobile
Lithuania
Mobile
Latvia
Mobile
Estonia
Mobile
Other operations

Austria
Fixed broadband
Fixed telephony
Other operations
Germany
Mobile
Fixed broadband
Fixed telephony
Other
Other operations

Jan 1-Mar 31

2013

2014

2013

2013

2013

2013

2012

Jan 1-Mar 31 Full year

2013

Q1

Q4

Q3

Q2

Q1

Q4

85
13
2
3

185
52
1
7

766
165
7
27

85
13
2
3

226
35
1
10

144
42
3
5

211
36
2
5

185
52
1
7

271
46
1
9

103

245

965

103

272

194

254

245

327

137
111
2
9

1,371
67
3
6

1,648
379
8
32

137
111
2
9

232
154
2
13

30
82
1
7

15
76
2
6

1,371
67
3
6

22
70
7
9

259

1,447

2,067

259

401

120

99

1,447

108

249
5

141
2

740
30

249
5

193
15

257
8

149
5

141
2

141
-2

254

143

770

254

208

265

154

143

139

66

87

464

66

118

120

139

87

230

66

87

464

66

118

120

139

87

230

62

29

12

17

26

62

29

12

17

26

20

29

93

20

27

15

22

29

20

20

29

93

20

27

15

22

29

20

11

13

103

11

31

41

18

13

33

11

13

103

11

31

41

18

13

33

81
-

10
-

62
3

81
-

32
1

9
1

11
1

10
-

31
5

81

10

65

81

33

10

12

10

36

7
6
2

6
6
2

38
29
13

7
6
2

10
6
3

13
10
5

9
7
3

6
6
2

18
8
6

15

14

80

15

19

28

19

14

32

6
-

7
-

19
3
2

6
-

1
1
-

5
2

6
2
-

7
-

9
1
-

24

10

139

124

476

139

115

111

126

124

119

139

124

476

139

115

111

126

124

119

664
131
15
153
963

1,847
125
12
139
2,123

3,957
585
76
551
5,169

664
131
15
153
963

889
200
24
142
1,255

633
137
24
129
923

588
123
16
141
868

1,847
125
12
139
2,123

783
135
14
148
1,080

TOTAL

Mobile
Fixed broadband
Fixed telephony
Other operations
TOTAL

10

Interim report

11

ORIGINAL frn Tele2 (GFR)

Key ratios
SEK million

2014

2013

Jan 1-Mar 31

Jan 1-Mar 31

2013

2012

2011

2010

CONTINUING OPERATIONS
Net sales

7,108

7,298

29,871

30,742

29,538

30,443

14,382

15,657

14,764

15,446

13,550

12,445

1,381

1,488

5,990

6,240

6,760

7,083

EBIT

854

670

2,192

1,975

3,497

4,257

EBT
Net profit

712

553

1,578

1,422

2,960

3,855

475

353

655

976

2,056

4,121

EBITDA margin, %

19.4

20.4

20.1

20.3

22.9

23.7

EBIT margin, %

12.0

9.2

7.3

6.4

11.8

14.0

Net profit

1.07

0.79

1.47

2.20

4.63

9.34

Net profit after dilution

1.06

0.79

1.45

2.18

4.60

9.30

Equity

21,969

20,825

21,591

20,429

21,452

28,875

Equity after dilution

21,969

20,825

21,591

20,429

21,455

28,894

Total assets
Cash flow from operating activities

37,788

48,307

39,855

49,189

46,864

42,085

507

1,575

5,813

8,679

9,690

9,966

-555

-886

572

4,070

4,118

6,008

Available liquidity

8,521

11,057

9,306

12,933

9,986

13,254

Net debt

7,691

16,471

8,007

15,745

13,518

3,417

963

2,488

5,534

5,294

6,095

4,094

-763

104

-17,235

215

1,563

1,424

Numbers of customers (by thousands)


EBITDA

Key ratios

Value per share (SEK)

TOTAL

Cash flow after CAPEX

Investments in intangible and tangible assets, CAPEX


Investments in shares, current investments etc
Key ratios

Equity/assets ratio, %

58

43

54

42

46

69

0.35

0.79

0.37

0.77

0.63

0.12

Return on equity, %

8.7

19.6

69.5

15.6

18.9

24.0

Return on equity after dilution, %

8.7

19.6

69.5

15.6

18.9

24.0

11.4

16.8

48.0

15.4

20.5

22.2

5.2

6.6

5.2

6.7

6.2

7.3

Net profit

1.07

2.27

32.77

7.34

10.69

15.67

Net profit after dilution

1.06

2.25

32.55

7.30

10.63

15.61

Equity

49.31

46.83

48.49

45.95

48.33

65.44

Equity after dilution

48.99

46.53

48.17

45.68

48.09

65.23

1.14

3.54

13.06

19.53

21.83

22.59

Dividend, ordinary

4.40

7.10

6.50

6.00

Extraordinary dividend

6.50

21.00

28.00

80.30

113.40

72.85

117.10

133.90

139.60

Debt/equity ratio, multiple

ROCE, return on capital employed, %


Average interest rate, %
Value per share (SEK)

Cash flow from operating activities

Redemption
Market price at closing day

1)

1) Proposed dividend

Interim report

12

ORIGINAL frn Tele2 (GFR)

Parent company
INCOME STATEMENT

SEK million

Net sales

2014

2013

2013

Jan 1-Mar 31

Jan 1-Mar 31

Full year

11

10

47

Administrative expenses

-38

-30

-95

Operating loss, EBIT

-27

-20

-48
9,900

Dividend from group company

Exchange rate difference on financial items

-33

77

134

Net interest expenses and other financial items

-59

-54

-216

-119

9,770
265

Profit/loss after financial items, EBT


Appropriations, group contribution

26

-23

-93

10,012

Mar 31, 2014

Dec 31, 2013

Financial assets

13,593

13,586

NON-CURRENT ASSETS

13,593

13,586

11,069

11,933

Tax on profit/loss
NET PROFIT/LOSS

BALANCE SHEET
SEK million

Note

ASSETS
NON-CURRENT ASSETS

CURRENT ASSETS

Current receivables
Cash and cash equivalents

CURRENT ASSETS

11,071

11,933

ASSETS

24,664

25,519

EQUITY AND LIABILITIES


EQUITY

Restricted equity

5,546

5,546

Unrestricted equity

13,012

13,126

18,558

18,672

4,270

5,308

4,270

5,308

1,737

1,452

EQUITY
NON-CURRENT LIABILITIES

Interest-bearing liabilities

NON-CURRENT LIABILITIES
CURRENT LIABILITIES

Interest-bearing liabilities
Non-interest-bearing liabilities
CURRENT LIABILITIES

EQUITY AND LIABILITIES

99

87

1,836

1,539

24,664

25,519

Interim report

13