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Telekom Austria Expects Significantly Lower Profits

Published: January 24, 2012; 19:57 · (Vindobona)

Application of hyperinflation accounting leads to an increase in equity of more than € 400m and an impairment of approximately € 300m in 2011.

Telekom Austria Expects Significantly Lower Profits / Picture: © Telekom Austria Group

Today, the Telekom Austria Group informs that the application of hyperinflation accounting for the Segment Belarus in 2011 results in an appreciation of assets, which will lead to an increase in Group Equity of more than € 400m. The appreciation of assets will trigger an impairment of approximately € 300m. This impairment will be reflected in the consolidated financial statements of…

This article includes a total of 229 words.

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