Spreadsheet: 2e23a49f-e071-487b-a56e-148d85e2a45a
Sheet: Sheet1

Unnamed: 0 | Step 1: IFRS. Deutsche Telekom Group Ger. GAAP | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14
 | Ger. GAAP  adjusted | FN |  | FY 2003 |  | Q1 2004 |  | Q2 2004 |  | Q3 2004 |  | Q4 2004 |  | FY 2004
 | Net revenue | 1 |  | 55838 |  | 13986 |  | 14412 |  | 14524 |  | 14958 |  | 57880
 | Cost of sales |  |  | -31233 |  | -7570 |  | -7766 |  | -7849 |  | -8140 |  | -31325
 | Gross profit from sales |  |  | 24605 |  | 6416 |  | 6646 |  | 6675 |  | 6818 |  | 26555
 | Selling costs |  |  | -13420 |  | -3295 |  | -3274 |  | -3014 |  | -3675 |  | -13258
 | General administrative costs |  |  | -4635 |  | -1105 |  | -1129 |  | -1060 |  | -1249 |  | -4543
 | Other operating income |  |  | 3402 |  | 731 |  | 780 |  | 719 |  | 908 |  | 3138
 | Other operating expenses |  |  | -4710 |  | -1222 |  | -1308 |  | -1094 |  | -1348 |  | -4972
 | Operating results | 2 |  | 5242 |  | 1525 |  | 1715 |  | 2226 |  | 1454 |  | 6920
 | Financial income (expense), net | 3 |  | -4120 |  | -1110 |  | -681 |  | -793 |  | -743 |  | -3327
 | of which interest expenses |  |  | -3776 |  | -973 |  | -795 |  | -836 |  | -747 |  | -3351
 | Income (loss) before income taxes | 4 |  | 1122 |  | 415 |  | 1034 |  | 1433 |  | 711 |  | 3593
 | Income taxes | 5 |  | -530 |  | -91 |  | -213 |  | -340 |  | -399 |  | -1043
 | Income (loss) after taxes | 6 |  | 592 |  | 324 |  | 821 |  | 1093 |  | 312 |  | 2550
 | Income (losses) applicable to  minority shareholders | 7 |  | -370 |  | -97 |  | -93 |  | -104 |  | -60 |  | -354
 | Net income (loss) | 8 |  | 222 |  | 227 |  | 728 |  | 989 |  | 252 |  | 2196
 | EBIT | 9 |  | 5404 |  | 1569 |  | 1768 |  | 2273 |  | 1509 |  | 7119
 | EBIT margin |  |  | 9.7% |  | 11.2% |  | 12.3% |  | 15.6% |  | 10.1% |  | 12.3%
 | EBITDA | 10 |  | 18288 |  | 4585 |  | 4783 |  | 5264 |  | 4732 |  | 19364
 | EBITDA margin |  |  | 32.8% |  | 32.8% |  | 33.2% |  | 36.2% |  | 31.6% |  | 33.5%
 | Depreciation and amortization | 11 |  | -12884 |  | -3016 |  | -3015 |  | -2991 |  | -3225 |  | -12245
 | Capex | 12 |  | 6234 |  | 1019 |  | 1517 |  | 1275 |  | 2125 |  | 5936
 | Free-Cash-Flow  (before dividend) | 13 |  | 8285 |  | 2900 |  | 1294 |  | 2391 |  | 3595 |  | 10180
 | Net debt in € billion | 14 |  | 46.6 |  | 44.6 |  | 43.3 |  | 40.8 |  | 35.2 |  | 35.2
 | Ger. GAAP  unadjusted | FN |  | FY 2003 |  | Q1 2004 |  | Q2 2004 |  | Q3 2004 |  | Q4 2004 |  | FY 2004
 | Net revenue | 1 |  | 55838 |  | 13986 |  | 14412 |  | 14524 |  | 14958 |  | 57880
 | Cost of sales |  |  | -31402 |  | -7570 |  | -7766 |  | -7849 |  | -8217 |  | -31402
 | Gross profit from sales |  |  | 24436 |  | 6416 |  | 6646 |  | 6675 |  | 6741 |  | 26478
 | Selling costs |  |  | -13505 |  | -3295 |  | -3274 |  | -3014 |  | -3699 |  | -13282
 | General administrative costs |  |  | -4976 |  | -1105 |  | -1129 |  | -1060 |  | -1386 |  | -4680
 | Other operating income |  |  | 4558 |  | 731 |  | 2758 |  | 1369 |  | 2078 |  | 6936
 | Other operating expenses |  |  | -5084 |  | -1291 |  | -1914 |  | -1203 |  | -1176 |  | -5584
 | Operating results | 2 |  | 5429 |  | 1456 |  | 3087 |  | 2767 |  | 2558 |  | 9868
 | Financial income (expense), net | 3 |  | -4031 |  | -1110 |  | -681 |  | -793 |  | -743 |  | -3327
 | of which interest expenses |  |  | -3776 |  | -973 |  | -795 |  | -836 |  | -747 |  | -3351
 | Income (loss) before income taxes | 4 |  | 1398 |  | 346 |  | 2406 |  | 1974 |  | 1815 |  | 6541
 | Income taxes | 5 |  | 225 |  | -80 |  | -658 |  | -483 |  | -387 |  | -1608
 | Income (loss) after taxes | 6 |  | 1623 |  | 266 |  | 1748 |  | 1491 |  | 1428 |  | 4933
 | Income (losses) applicable to  minority shareholders | 7 |  | -370 |  | -97 |  | -93 |  | -104 |  | -5 |  | -299
 | Net income (loss) | 8 |  | 1253 |  | 169 |  | 1655 |  | 1387 |  | 1423 |  | 4634
 | EBIT | 9 |  | 5591 |  | 1500 |  | 3140 |  | 2814 |  | 2613 |  | 10067
 | EBIT margin |  |  | 10.0% |  | 10.7% |  | 21.8% |  | 19.4% |  | 17.5% |  | 17.4%
 | EBITDA | 10 |  | 18475 |  | 4516 |  | 6155 |  | 5805 |  | 5839 |  | 22315
 | EBITDA margin |  |  | 33.1% |  | 32.3% |  | 42.7% |  | 40.0% |  | 39.0% |  | 38.6%
 | Depreciation and amortization | 11 |  | -12884 |  | -3016 |  | -3015 |  | -2991 |  | -3226 |  | -12248
 | Capex | 12 |  | 6234 |  | 1019 |  | 1517 |  | 1275 |  | 2125 |  | 5936
 | Free-Cash-Flow  (before dividend) | 13 |  | 8285 |  | 2900 |  | 1294 |  | 2391 |  | 3595 |  | 10180
 | Net debt in € billion | 14 |  | 46.6 |  | 44.6 |  | 43.3 |  | 40.8 |  | 35.2 |  | 35.2
 | Ger. GAAP Special influences | FN |  | FY 2003 |  | Q1 2004 |  | Q2 2004 |  | Q3 2004 |  | Q4 2004 |  | FY 2004
 | Net revenue | 1
 | Cost of sales |  |  | -169 |  | 0 |  | 0 |  | 0 |  | -77 |  | -77
 | Gross profit from sales |  |  | -169 |  | 0 |  | 0 |  | 0 |  | -77 |  | -77
 | Selling costs |  |  | -85 |  | 0 |  | 0 |  | 0 |  | -24 |  | -24
 | General administrative costs |  |  | -341 |  | 0 |  | 0 |  | 0 |  | -137 |  | -137
 | Other operating income |  |  | 1156 |  | 0 |  | 1978 |  | 650 |  | 1170 |  | 3798
 | Other operating expenses |  |  | -374 |  | -69 |  | -606 |  | -109 |  | 172 |  | -612
 | Operating results | 2 |  | 187 |  | -69 |  | 1372 |  | 541 |  | 1104 |  | 2948
 | Financial income (expense), net | 3 |  | 89 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | of which interest expenses |  |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Income (loss) before income taxes | 4 |  | 276 |  | -69 |  | 1372 |  | 541 |  | 1104 |  | 2948
 | Income taxes | 5 |  | 755 |  | 11 |  | -445 |  | -143 |  | 12 |  | -565
 | Income (loss) after taxes | 6 |  | 1031 |  | -58 |  | 927 |  | 398 |  | 1116 |  | 2383
 | Income (losses) applicable to  minority shareholders | 7 |  | 0 |  | 0 |  | 0 |  | 0 |  | 55 |  | 55
 | Net income (loss) | 8 |  | 1031 |  | -58 |  | 927 |  | 398 |  | 1171 |  | 2438
 | EBIT | 9 |  | 187 |  | -69 |  | 1372 |  | 541 |  | 1104 |  | 2948
 | EBIT margin
 | EBITDA | 10 |  | 187 |  | -69 |  | 1372 |  | 541 |  | 1107 |  | 2951
 | EBITDA margin
 | Depreciation and amortization | 11 |  | 0 |  | 0 |  | 0 |  | 0 |  | -1 |  | -3
 | Capex | 12
 | Free-Cash-Flow  (before dividend) | 13
 | Net debt in € billion | 14