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Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets [Abstract] |
Schedule of Composition and Movements in Net Intangible Assets | The composition of and movements in net intangible assets in 2024 and 2023 are as follows:
2024 |  |  |  |  |  |  |  |  |  |  |  |
Millions of euros | Balance at 12/31/2023 | First applica-tion of IAS 21 | Additions(1) | Amorti-zation |  | Impair-ments | Transfers and others | Translation differences | Inflation adjustments | Business combinations | Balance at 12/31/2024 |
Service concession arrangements and licenses | 6,886 |  | 4 |  | 157 |  | (757) |  |  | (485) |  | 1 |  | (536) |  | 376 |  | 21 |  | 5,667 |  |
Software | 3,089 |  | 4 |  | 510 |  | (1,410) |  |  | (21) |  | 1,139 |  | (222) |  | 29 |  | (14) |  | 3,104 |  |
Customer base | 386 |  | — |  | — |  | (238) |  |  | — |  | — |  | (1) |  | (1) |  | 5 |  | 151 |  |
Trademarks | 235 |  | — |  | — |  | (32) |  |  | — |  | — |  | (18) |  | — |  | 2 |  | 187 |  |
Other intangible assets | 58 |  | — |  | 20 |  | (25) |  |  | — |  | 8 |  | (1) |  | — |  | 4 |  | 64 |  |
Intangible assets in process | 716 |  | — |  | 1,109 |  | — |  |  | — |  | (1,104) |  | (28) |  | 5 |  | 4 |  | 702 |  |
Total intangible assets | 11,370 |  | 8 |  | 1,796 |  | (2,462) |  |  | (506) |  | 44 |  | (806) |  | 409 |  | 22 |  | 9,875 |  |
(1) Total additions of intangible assets in 2024 amounted to 1,799 million euros, including the additions corresponding to companies held for sale during the annual reporting period (see Note 2).
2023 |  |  |  |  |  |  |  |  |  |  |
Millions of euros | Balance at 12/31/2022 | Additions | Amorti-zation | Dispo-sals | Impair-ments | Transfers and others | Transla-tion differen-ces | Inflation adjust-ments | Business combina-tions | Balance at 12/31/2023 |
Service concession arrangements and licenses | 7,550 |  | 183 |  | (840) |  | — |  | — |  | 2 |  | (205) |  | 196 |  | — |  | 6,886 |  |
Software | 2,800 |  | 486 |  | (1,356) |  | (1) |  | — |  | 1,122 |  | 18 |  | 20 |  | — |  | 3,089 |  |
Customer base | 721 |  | — |  | (333) |  | — |  | — |  | (3) |  | 4 |  | — |  | (3) |  | 386 |  |
Trademarks | 263 |  | — |  | (33) |  | — |  | — |  | — |  | 5 |  | — |  | — |  | 235 |  |
Other intangible assets | 39 |  | 20 |  | (21) |  | — |  | (2) |  | 5 |  | 2 |  | — |  | 15 |  | 58 |  |
Intangible assets in process | 644 |  | 1,149 |  | — |  | (1) |  | — |  | (1,076) |  | (7) |  | 7 |  | — |  | 716 |  |
Total intangible assets | 12,017 |  | 1,838 |  | (2,583) |  | (2) |  | (2) |  | 50 |  | (183) |  | 223 |  | 12 |  | 11,370 |  |
Schedule of Gross Cost, Accumulated Amortization and Impairment Losses of Intangible Assets | The cost, accumulated amortization and impairment losses of intangible assets at December 31, 2024 and 2023 are as follows:
Balance at December 31, 2024
Millions of euros | Cost | Accumulated amortization | Impairment losses | Intangible assets
Service concession arrangements and licenses | 15,018 |  | (8,666) |  | (685) |  | 5,667 |
Software | 18,442 |  | (15,300) |  | (38) |  | 3,104 |
Customer base | 2,265 |  | (2,114) |  | — |  | 151 |
Trademarks | 905 |  | (718) |  | — |  | 187 |
Other intangible assets | 794 |  | (726) |  | (4) |  | 64 |
Intangible assets in process | 702 |  | — |  | — |  | 702 |
Total intangible assets | 38,126 |  | (27,524) |  | (727) |  | 9,875 |
Balance at December 31, 2023
Millions of euros | Cost | Accumulated amortization | Impairment losses | Intangible assets
Service concession arrangements and licenses | 16,056 |  | (9,061) |  | (109) |  | 6,886 |
Software | 17,851 |  | (14,753) |  | (9) |  | 3,089 |
Customer base | 4,166 |  | (3,780) |  | — |  | 386 |
Trademarks | 958 |  | (723) |  | — |  | 235 |
Other intangible assets | 867 |  | (805) |  | (4) |  | 58 |
Intangible assets in process | 724 |  | — |  | (8) |  | 716 |
Total intangible assets | 40,622 |  | (29,122) |  | (130) |  | 11,370 |
The movement in goodwill assigned to each Group segment was as follows:
2024
Millions of euros | Balance at 12/31/2023 | Additions | Disposals | Write-offs | Transfers | Exchange rate impact | Balance at 12/31/2024
Telefónica Spain | 4,291 |  | — |  | — |  | — |  | — |  | — |  | 4,291 |
Telefónica Brazil | 8,076 |  | 28 |  | — |  | — |  | — |  | (1,364) |  | 6,740 |
Telefónica Germany | 4,386 |  | — |  | — |  | — |  | — |  | — |  | 4,386 |
Telefónica Hispam | 1,108 |  | — |  | (16) |  | (623) |  | — |  | (51) |  | 418 |
Others | 847 |  | — |  | — |  | (243) |  | — |  | 22 |  | 626 |
Total | 18,708 |  | 28 |  | (16) |  | (866) |  | — |  | (1,393) |  | 16,461 |
2023
Millions of euros | Balance at 12/31/2022 | Additions | Disposals | Write-offs | Transfers | Exchange rate impact | Balance at 12/31/2023
Telefónica Spain | 4,291 |  | — |  | — |  | — |  | — |  | — |  | 4,291 |
Telefónica Brazil | 7,752 |  | 5 |  | — |  | — |  | — |  | 319 |  | 8,076 |
Telefónica Germany | 4,386 |  | — |  | — |  | — |  | — |  | — |  | 4,386 |
Telefónica Hispam | 1,215 |  | — |  | — |  | (58) |  | (36) |  | (13) |  | 1,108 |
Others | 827 |  | 11 |  | — |  | — |  | — |  | 9 |  | 847 |
Total | 18,471 |  | 16 |  | — |  | (58) |  | (36) |  | 315 |  | 18,708 |

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