TIM S.p.A. | CIK:0000948642 | 3

  • Filed: 4/23/2018
  • Entity registrant name: TIM S.p.A. (CIK: 0000948642)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/948642/000119312518126454/0001193125-18-126454-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/948642/000119312518126454/ti-20171231.xml
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  • ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory

    Employee benefits increased by 448 million euros compared to December 31, 2016 and are summarized as follows:

     

              As of
    December 31,
    2015
        Increases/
    Present
    value
        Decrease     Exchange
    differences
    and other
    changes
        As of
    December 31,
    2016
     
              (millions of euros)  

    Provision for employee severance indemnities

        (A)       1,018       49       (59 )      1       1,009  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Provision for pension plans

          23       7       (2 )        28  

    Provision for termination benefit incentives and Corporate restructuring expenses

          413       101       (160 )      (6 )      348  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total other provisions for employee benefits

        (B)       436       108       (162 )      (6 )      376  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total

        (A+B)       1,454       157       (221 )      (5 )      1,385  
         

     

     

       

     

     

       

     

     

       

    Of which:

               

    Non-current portion

          1,420             1,355  

    Current portion(*)

          34             30  
       

     

     

             

     

     

     

     

    (*) The current portion refers only to Other provisions for employee benefits.

     

              As of
    December 31,
    2016
        Increases/
    Present
    value
        Decrease     Exchange
    differences
    and other
    changes
        As of
    December 31,
    2017
     
              (millions of euros)  

    Provision for employee severance indemnities

        (A)       1,009       —         (51 )      —         958  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Provision for pension plans and other

          28       (2 )      (1 )      (3 )      22  

    Provision for termination benefit incentives and Corporate restructuring expenses

          348       689       (177 )      (7 )      853  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total other provisions for employee benefits

        (B)       376       687       (178 )      (10 )      875  
       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total

        (A+B)       1,385       687       (229 )      (10 )      1,833  
         

     

     

       

     

     

       

     

     

       

    Of which:

               

    Non-current portion

          1,355             1,736  

    Current portion(*)

          30             97  
       

     

     

             

     

     

     

     

    (*) The current portion refers only to Other provisions for employee benefits.