XML 63 R47.htm IDEA: XBRL DOCUMENT v3.22.4
Basis of Presentation of the Consolidated Financial Statements (Tables)
12 Months Ended
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 real17.6 %(8.8 %)
Pound sterling0.8 %3.4 %
New peruvian sol13.7 %(13.2 %)
Chilean peso(2.2 %)0.6 %
Colombian peso(0.6 %)(5.1 %)
Mexican peso13.5 %1.6 %
Variation of closing exchange rate vs euro
2022 vs 20212021 vs 2020
Brazilian real13.5 %0.9 %
Pound sterling(5.3 %)6.9 %
New peruvian sol10.9 %(1.6 %)
Chilean peso4.7 %(8.8 %)
Colombian peso(12.2 %)(6.6 %)
Mexican peso11.5 %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 received6,234 
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 hedges6,868 
Reclassification of translation differences included in equity(3,135)
Reclassification of gains on hedges included in equity727 
Result of the transaction: gain4,460 
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 price7,865 
Less: carrying amount of net assets and transaction costs1,729 
Result before reclassification of translation differences 6,136 
Translation differences(37)
Result of the transaction: gain6,099 
Income tax(162)
Result attributable to non-controlling shareholders(2,246)
Result attributable to equity holders of the parent3,691