32. Non-current assets held for sale

Energie AG Oberösterreich Telekom GmbH (Holding & Services Segment) also includes the “Fibre-to-the-home” (FTTH) operational unit. The business activities are essentially comprised of data transfer to customers via fibre-optic conduits. There are plans in the 2021/2022 fiscal year to spin off this operational unit into a company that will then be considered a joint venture by the Group. A 50% share will be held in the newly formed company.

The operational unit will be classified as a disposal group in accordance with IFRS 5 from 30 September 2021 onwards and have the following assets and liabilities:

 

 

30.09.2021
EUR 1,000

ASSETS

 

 

Non-current assets

 

 

Intangible assets

 

171.0

Property, plant and equipment

 

99,000.0

Other non-current assets

 

23,001.2

 

 

122,172.2

Current assets

 

 

Receivables

 

47.9

 

 

122,220.1

 

 

 

LIABILITIES

 

 

Non-current liabilities

 

 

Deferred tax liabilities

 

2,595.2

Construction cost subsidies

 

603.1

Other non-current liabilities

 

39,193.1

 

 

42,391.4

Current liabilities

 

 

Trade payables

 

445.5

 

 

42,836.9

The assets are essentially comprised of fibre-optic infrastructure and claims for subsidies. They are measured at amortised costs. The other non-current liabilities consist of subsidies for fibre-optic infrastructure recognised as liabilities. There are also plans to allocate intra-group liabilities of EUR 75.4 million to this operational unit. No profit or loss from the disposal was recognised in the Consolidated Financial Statements 2020/2021.

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