Annual Report 2007 - Financial StatementsNote 5 - Changes in Group Composition
Significant events in 2007
Cygate
On January 26, 2007, TeliaSonera acquired a majority stake in Cygate Group AB and as of December 31, 2007 held all shares in the company. Cygate is a leading supplier of secure and managed IP network solutions as well as system integration in the Nordic market. The acquisition underlines TeliaSonera's strategic direction to strengthen its position within managed services.
debitel Danmark
On April 11, 2007, TeliaSonera acquired 100 percent of the Danish service provider debitel Danmark A/S. The transaction also includes debitel's 50 percent share in DLG-debitel I/S, operating under the brand DLG Tele. The transaction strengthens TeliaSonera's position in the Danish mobile market.
MCT
On July 16, 2007, TeliaSonera acquired 100 percent of the shares in MCT Corp, a U.S. based company with shareholdings in four mobile operators: majority holdings in OOO Coscom in Uzbekistan, ZAO Indigo Tadzhikistan and ZAO Somoncom in Tajikistan, and a 12.25 percent interest in Telecom Development Company Afghanistan Ltd. (Roshan). The transaction underlines TeliaSonera's strategy to be the leading Eurasian mobile operator.
Other acquisitions
In 2007 and in order to strengthen its market position, TeliaSonera also acquired the systems integrator Didata Dimension Data Sverige AB (now Didata Sverige AB) in Sweden (100 percent), the managed-hosting specialist company Crescom Oy in Finland (100 percent), the credit collection and claims management company Moneto Kapital AS in Norway (51 percent), the retail chain UAB Mikrovisatos prekyba (now UAB Omnitel salonai) in Lithuania (100 percent), the virtual mobile operator SIA ZetCOM (100 percent) and the mobile handset service company SIA MOSERS (100 percent), both in Latvia.
For additional information, see Note 34 "Business Combinations, etc."
- Consolidated Income Statements
- Consolidated Balance Sheets
- Consolidated Cash Flow Statements
- Consolidated Statements of Changes in Equity
- 1 Basis of Preparation
- 2 Critical Accounting Policies, Estimates and Assumptions
- 3 Consolidated Financial Statements
- 4 Significant Accounting Policies
- 5 Changes in Group Composition
- 6 Segment Information
- 7 Net Sales
- 8 Expenses by Nature
- 9 Other Operating Income and Expenses
- 10 Related Party Transactions
- 11 Amortization, Depreciation and Impairment Losses
- 12 Associated Companies and Joint Ventures
- 13 Finance Costs and Other Financial Items
- 14 Income Taxes
- 15 Goodwill and Other Intangible Assets
- 16 Property, Plant and Equipment
- 17 Other Non-current Assets
- 18 Inventories
- 19 Trade and Other Receivables
- 20 Interest-bearing Receivables, Cash and Cash Equivalents
- 21 Equity and Earnings per Share
- 22 Long-term and Short-Term Borrowings
- 23 Provisions for Pensions and Employment Contracts
- 24 Other Provisions
- 25 Other Long-term Liabilities
- 26 Trade Payables and Other Current Liabilities
- 27 Financial Assets and Liabilities by Category
- 28 Financial Risk Management
- 29 Leasing Agreements
- 30 Contingencies, Other Contractual Obligations and Litigation
- 31 Cash Flow Information
- 32 Human Resources
- 33 Auditors' Fees and Services
- 34 Business Combinations etc.
- 35 Specification of Shareholdings and Participations