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Basis of Presentation of the Consolidated Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract] |
Schedule of Effect of Changes in Foreign Exchange Rates |
Variation of average exchange rate vs euro
| 2022 vs 2021 | 2021 vs 2020
Brazilian real | 17.6 | % | (8.8 | %)
Pound sterling | 0.8 | % | 3.4 | %
New peruvian sol | 13.7 | % | (13.2 | %)
Chilean peso | (2.2 | %) | 0.6 | %
Colombian peso | (0.6 | %) | (5.1 | %)
Mexican peso | 13.5 | % | 1.6 | %
Variation of closing exchange rate vs euro
| 2022 vs 2021 | 2021 vs 2020 |  |
Brazilian real | 13.5 | % | 0.9 | % |  |
Pound sterling | (5.3 | %) | 6.9 | % |  |
New peruvian sol | 10.9 | % | (1.6 | %) |  |
Chilean peso | 4.7 | % | (8.8 | %) |  |
Colombian peso | (12.2 | %) | (6.6 | %) |  |
Mexican peso | 11.5 | % | 5.4 | % |  |
Schedule of Gain on Sale of Disposal Group | As a consequence of this transaction, the Group recognized a gain amounting to 4,460 million euros in “Other income” in 2021 (see Note 26), as follows:
| Millions of euros
Cash received | 6,234 |
Fair value of 50% of VMO2 (Note 10) | 12,012 |
Less: carrying amount of Telefonica United Kingdom at June 1, 2021 | (10,937) |
Liabilities assumed and other costs (see Note 29.c) | (441) |
Result before reclassification of translation differences and gains on hedges | 6,868 |
Reclassification of translation differences included in equity | (3,135) |
Reclassification of gains on hedges included in equity | 727 |
Result of the transaction: gain | 4,460 |
These transactions generated in 2021 a gain of 6,099 million euros registered in "Other income" (see Note 26), with the following breakdown:
| Millions of euros
Selling price | 7,865 |
Less: carrying amount of net assets and transaction costs | 1,729 |
Result before reclassification of translation differences | 6,136 |
Translation differences | (37) |
Result of the transaction: gain | 6,099 |
Income tax | (162) |
Result attributable to non-controlling shareholders | (2,246) |
Result attributable to equity holders of the parent | 3,691 |

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