XML 512 R85.htm IDEA: XBRL DOCUMENT v3.23.2
Impairment losses - Key assumptions used in value in use calculations (Details) - EUR (€)
€ in Millions
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Impairment losses      
Key assumptions cash flow forecast period for licence and spectrum payments initial period for renewals and newly available spectrum 5 years    
Key assumptions period for management plan used in long term growth rate. 5 years    
Key assumption period management used forward looking equity market risk premium 10 years    
EBITDaL CAGR cash flow projection period 5 years 5 years 5 years
Capital expenditure cash flow projection period 5 years 5 years 5 years
Assumptions used in value in use calculation      
Impairment loss recognised in profit or loss € 64 € 0  
Germany      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate 7.80% 7.40% 7.40%
Long-term growth rate 0.60% 0.50% 0.50%
Projected adjusted EBITDAaL (as a percent) 1.80% (0.10%) 1.20%
Amount by which unit's recoverable amount exceeds its carrying amount € 3,200 € 7,300 € 7,400
Growth rate used to extrapolate cash flow projections 0.60% 0.50% 0.50%
Germany | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment 0.006 0.014 0.013
Germany | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment (0.006) (0.014) (0.013)
Germany | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment (0.018) (0.041) (0.040)
Germany | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment 0.055 0.126 0.127
Italy      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate 8.90% 9.30% 10.50%
Long-term growth rate 1.50% 1.50% 0.50%
Projected adjusted EBITDAaL (as a percent) 1.00% (0.20%) 2.10%
Amount by which unit's recoverable amount exceeds its carrying amount € 200 € 400 € 600
Growth rate used to extrapolate cash flow projections 1.50% 1.50% 0.50%
Italy | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment 0.002 0.003 0.007
Italy | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment (0.002) (0.003) (0.008)
Italy | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment (0.005) (0.009) (0.015)
Italy | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment 0.009 0.018 0.030
Vantage Towers Germany      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate   6.10% 6.00%
Long-term growth rate   1.50% 1.50%
Projected adjusted EBITDAaL (as a percent)   11.00% 8.40%
Amount by which unit's recoverable amount exceeds its carrying amount     € 3,500
Growth rate used to extrapolate cash flow projections   1.50% 1.50%
Vantage Towers Germany | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.052
Vantage Towers Germany | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.049)
Vantage Towers Germany | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.193)
Vantage Towers Germany | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     1.626
UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount € 1,300 € 1,300  
UK | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment 0.016 0.013 0.008
UK | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment (0.019) (0.015) (0.008)
UK | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment (0.041) (0.031) (0.017)
UK | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment 0.042 0.043 0.025
Spain      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate     9.20%
Long-term growth rate     0.50%
Projected adjusted EBITDAaL (as a percent)     4.90%
Amount by which unit's recoverable amount exceeds its carrying amount € 400 € 100 € 300
Growth rate used to extrapolate cash flow projections     0.50%
Spain | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment 0.005 0.001 0.004
Spain | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment (0.006) (0.001) (0.005)
Spain | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment (0.015) (0.004) (0.015)
Spain | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment 0.022 0.005 0.016
Ireland      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate     7.70%
Long-term growth rate     0.50%
Projected adjusted EBITDAaL (as a percent)     0.50%
Amount by which unit's recoverable amount exceeds its carrying amount     € 100
Growth rate used to extrapolate cash flow projections     0.50%
Ireland | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.007
Ireland | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.007)
Ireland | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.016)
Ireland | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     0.028
Romania      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate     9.90%
Long-term growth rate     1.00%
Projected adjusted EBITDAaL (as a percent)     0.90%
Amount by which unit's recoverable amount exceeds its carrying amount     € 100
Growth rate used to extrapolate cash flow projections     1.00%
Romania | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.007
Romania | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.009)
Romania | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.019)
Romania | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     0.019
Portugal | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.009
Portugal | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.010)
Portugal | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.022)
Portugal | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     0.037
Czech Republic | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.012
Czech Republic | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.013)
Czech Republic | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.030)
Czech Republic | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     0.075
Hungary | Pre-tax discount rate      
Impairment losses      
Change in assumption that would lead to impairment     0.003
Hungary | Long-term growth rate      
Impairment losses      
Change in assumption that would lead to impairment     (0.004)
Hungary | Projected adjusted EBITDAaL CAGR      
Impairment losses      
Change in assumption that would lead to impairment     (0.007)
Hungary | Projected capital expenditure      
Impairment losses      
Change in assumption that would lead to impairment     0.015
Minimum [Member] | Germany      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent) 19.40% 19.60% 19.70%
Minimum [Member] | Italy      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent) 16.50% 15.00% 14.40%
Minimum [Member] | Vantage Towers Germany      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)   32.00% 39.10%
Minimum [Member] | Other      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate   6.20%  
Long-term growth rate   1.00%  
Projected adjusted EBITDAaL (as a percent)   (5.40%)  
Projected capital expenditure (as a percent)   10.00%  
Growth rate used to extrapolate cash flow projections   1.00%  
Minimum [Member] | Spain      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     15.70%
Minimum [Member] | Ireland      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     12.60%
Minimum [Member] | Romania      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     12.30%
Maximum [Member] | Germany      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent) 19.80% 21.80% 21.50%
Maximum [Member] | Italy      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent) 17.90% 16.30% 15.90%
Maximum [Member] | Vantage Towers Germany      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)   62.10% 56.20%
Maximum [Member] | Other      
Assumptions used in value in use calculation      
Pre-tax risk adjusted discount rate   22.50%  
Long-term growth rate   8.90%  
Projected adjusted EBITDAaL (as a percent)   13.00%  
Projected capital expenditure (as a percent)   51.40%  
Growth rate used to extrapolate cash flow projections   8.90%  
Maximum [Member] | Spain      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     17.60%
Maximum [Member] | Ireland      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     15.10%
Maximum [Member] | Romania      
Assumptions used in value in use calculation      
Projected capital expenditure (as a percent)     15.20%
Base Case | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   € 7,300 € 7,400
Base Case | Italy      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount € 200 400 600
Base Case | Vantage Towers Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     3,500
Base Case | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   1,300  
Base Case | Spain      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount 400 100 300
Base Case | Ireland      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     100
Base Case | Romania      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     100
Decrease in discount rate by 1 pps | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   14,900  
Decrease in discount rate by 1 pps | Italy      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount 1,400 1,700  
Decrease in discount rate by 1 pps | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   2,800  
Decrease in discount rate by 1 pps | Spain      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount 1,300 1,000  
Increase in discount rate by 1 pps | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   1,700  
Increase in discount rate by 1 pps | Italy      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount (800) (700)  
Increase in discount rate by 1 pps | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   300  
Increase in discount rate by 1 pps | Spain      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount (300) (600)  
Decrease in EBITDA by 5 pps | Germany      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount   (1,400) (1,600)
Decrease in EBITDA by 5 pps | Italy      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount (1,600) (1,600) (1,300)
Decrease in EBITDA by 5 pps | Vantage Towers Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     2,400
Decrease in EBITDA by 5 pps | UK      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount   (700)  
Decrease in EBITDA by 5 pps | Spain      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount (800) (1,100) (600)
Decrease in EBITDA by 5 pps | Ireland      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount     (200)
Decrease in EBITDA by 5 pps | Romania      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount     (100)
Increase in EBITDA by 5 pps | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   17,900 18,200
Increase in EBITDA by 5 pps | Italy      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount 2,300 2,800 2,900
Increase in EBITDA by 5 pps | Vantage Towers Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     5,000
Increase in EBITDA by 5 pps | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   3,800  
Increase in EBITDA by 5 pps | Spain      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount € 1,800 1,500 1,400
Increase in EBITDA by 5 pps | Ireland      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     500
Increase in EBITDA by 5 pps | Romania      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     300
Decrease in long-term growth rate by 1 pps | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   1,600 1,500
Decrease in long-term growth rate by 1 pps | Italy      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount   (600) (100)
Decrease in long-term growth rate by 1 pps | Vantage Towers Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     2,200
Decrease in long-term growth rate by 1 pps | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   400  
Decrease in long-term growth rate by 1 pps | Spain      
Assumptions used in value in use calculation      
Recoverable amount less carrying amount   (500) (300)
Increase in long-term growth rate by 1 pps | Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   15,600 16,000
Increase in long-term growth rate by 1 pps | Italy      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   1,700 1,600
Increase in long-term growth rate by 1 pps | Vantage Towers Germany      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     6,100
Increase in long-term growth rate by 1 pps | UK      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   2,800  
Increase in long-term growth rate by 1 pps | Spain      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount   € 900 1,000
Increase in long-term growth rate by 1 pps | Ireland      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     300
Increase in long-term growth rate by 1 pps | Romania      
Assumptions used in value in use calculation      
Amount by which unit's recoverable amount exceeds its carrying amount     € 200