Cellcom Israel Ltd. | CIK:0001385145 | 3

  • Filed: 3/26/2018
  • Entity registrant name: Cellcom Israel Ltd. (CIK: 0001385145)
  • Generator: GoXBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1385145/000117891318000956/0001178913-18-000956-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1385145/000117891318000956/cel-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001385145
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory

    Note 6 -  Operating Segments

    The Group operates in two reportable segments, as described below, which are the Group's strategic business units. The strategic business unit's allocation of resources and evaluation of performance are managed separately. The operating segments were determined based on internal management reports reviewed by the Group's chief operating decision maker (CODM). The CODM does not examine the balance of assets or liabilities for those segments and therefore, they are not presented.

    —
    Cellular segment - the segment includes the cellular communications services, cellular equipment and supplemental services.

    —
    Fixed-line segment - the segment includes landline telephony services, internet services, television services, transmission services, landline equipment and supplemental services.

    The accounting policies of the reportable segments are the same as described in the annual financial statements in Note 3, regarding Significant Accounting Policies.
     
       
    Year ended December 31, 2017*
    		  
       
    NIS millions
    		  
       
    Cellular
    		    
    Fixed-line
    		    
    Reconciliation for consolidation
    		    
    Consolidated
    		    
    Reconciliation of subtotal Segment EBITDA to profit for the year
    		  
                                   
    External revenues
    		    
    2,685
    		      
    1,186
    		      
    -
    		      
    3,871
    		        
    Inter-segment revenues
    		    
    14
    		      
    162
    		      
    (176
    )
    		    
    -
    		        
                                           
    Segment EBITDA**
    		    
    595
    		      
    258
    		                      
    853
    		  
                                             
    Depreciation and amortization
    		                                    
    (555
    )
    Taxes on income
    		                                    
    (40
    )
    Financing income
    		                                    
    52
    		  
    Financing expenses
    		                                    
    (196
    )
    Other income
    		                                    
    1
    		  
    Share based payments
    		                                    
    (2
    )
                                             
    Profit for the year
    		                                    
    113
    		  

     
    		  
    Year ended December 31, 2016
    		  
     
    		  
    NIS millions
    		  
       
    Cellular
    		    
    Fixed-line
    		    
    Reconciliation for consolidation
    		    
    Consolidated
    		    
    Reconciliation of subtotal Segment EBITDA to profit for the year
    		  
                                   
    External revenues
    		    
    2,981
    		      
    1,046
    		      
    -
    		      
    4,027
    		        
    Inter-segment revenues
    		    
    17
    		      
    183
    		      
    (200
    )
    		    
    -
    		        
     
    		                                      
    Segment EBITDA**
    		    
    625
    		      
    233
    		                      
    858
    		  
     
    		                                        
    Depreciation and amortization
    		                                    
    (534
    )
    Taxes on income
    		                                    
    (10
    )
    Financing income
    		                                    
    46
    		  
    Financing expenses
    		                                    
    (196
    )
    Other expenses
    		                                    
    (8
    )
    Share based payments
    		                                    
    (6
    )
     
    		                                        
    Profit for the year
    		                                    
    150
    		  
     
     
    		  
    Year ended December 31, 2015
    		  
     
    		  
    NIS millions
    		  
       
    Cellular
    		    
    Fixed-line
    		    
    Reconciliation for consolidation
    		    
    Consolidated
    		    
    Reconciliation of subtotal Segment EBITDA to profit for the year
    		  
                                   
    External revenues
    		    
    3,185
    		      
    995
    		      
    -
    		      
    4,180
    		        
    Inter-segment revenues
    		    
    18
    		      
    186
    		      
    (204
    )
    		    
    -
    		        
     
    		                                      
    Segment EBITDA**
    		    
    601
    		      
    271
    		                      
    872
    		  
     
    		                                        
    Depreciation and amortization
    		                                    
    (562
    )
    Taxes on income
    		                                    
    (36
    )
    Financing income
    		                                    
    55
    		  
    Financing expenses
    		                                    
    (232
    )
    Other income
    		                                    
    3
    		  
    Share based payments
    		                                    
    (3
    )
     
    		                                        
    Profit for the year
    		                                    
    97
    		  
     
    * See Note 2F regarding the early adoption of IFRS 15, Revenue from Contracts with Customers.

    ** Segment EBITDA as reviewed by the Group's CODM, represents earnings before interest (financing expenses, net), taxes, other income (expenses) (except for expenses in respect of voluntary retirement plans for employees, and gain (loss) due to sale of subsidiaries (see Note 26, regarding Other Income (Expenses), net)), depreciation and amortization and share based payments, as a measure of operating profit. Segment EBITDA is not a financial measure under IFRS and may not be comparable to other similarly titled measures for other companies.