The key performance indicators (KPIs) reported pursuant to the EU Taxonomy Regulation (turnover, CapEx, and OpEx) are based on the figures given in United Internet AG’s consolidated financial statements. United Internet AG’s consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRSs) as adopted by the European Union (EU) and the relevant supplementary regulations set out section 315e (1) of the German Commercial Code (Handelsgesetzbuch – HGB).
The turnover, CapEx, and OpEx identified as associated with Taxonomy-eligible activities and the total amounts used were reconciled with the relevant population at Group level. This permitted potential double-counting to be monitored and prevented.
See United Internet AG's consolidated financial statements
The Delegated Act on reporting requirements defines turnover as the revenue recognized pursuant to IAS 1.82(a). The “turnover” KPI disclosed for the United Internet Group represents the ratio of the turnover from Taxonomy-eligible economic activities to total revenue. Total revenue can be taken from the statement of net income in United Internet AG’s consolidated financial statements (see the section entitled “Explanations of items in the income statement – 5. Sales/segment reporting”). The denominator of the “turnover” KPI is based on consolidated net revenue.
The numerator of the “turnover” KPI is defined as that part of the net revenue from good and services that is associated with Taxonomy-aligned economic activities. United Internet’s data center products and the sale of refurbished devices are currently the only turnover-generating activities that are Taxonomy-eligible. The turnover from products and rate plans that are associated with Activity 8.1 “Data processing, hosting and related activities” and Activity 5.4 “Sale of second-hand goods” was assigned accordingly in the segments concerned. Taxonomy-eligible turnover accounted for 24.1% of total revenue in the 2023 reporting period. It was not possible to report any Taxonomy-aligned turnover for Activity 8.1.
The “CapEx” KPI is based on the additions to property, plant, and equipment and intangible assets in the fiscal year under review before depreciation, amortization, and any remeasurements for the fiscal year in question; no adjustments are made to the fair values (in particular application of IAS 16, IAS 38, and IFRS 16 leases with rights of use in lease assets). The overall figure for capital expenditure used for the EU Taxonomy is disclosed in the consolidated financial statements under the “Explanations of items in the income statement – 5. Sales revenue/segment reporting” section; see the last column (“United Internet Group”) for the line item entitled “Investments in intangible assets and property, plant, and equipment (without goodwill)” in the table. This capital expenditure represents the denominator for the CapEx KPI.
The numerator of the CapEx KPI corresponds to those parts of the denominator
The investments were assigned to the various Taxonomy activities using the asset classes concerned. A distinction was made in the case of the “IFRS 16 leases” asset class between buildings and data centers. Capital expenditure on these asset classes was generally assigned to Activity 7.7 “Acquisition and ownership of buildings.” However, where this capital expenditure relates to data centers, it is assigned to Activity 8.1 “Data processing, hosting and related activities.” The share of Taxonomy-eligible investments in the 2023 reporting period was 10.4%. It was not possible to report any Taxonomy-aligned CapEx.
The “OpEx” KPI is based on the direct, non-capitalized costs that relate to research and development (R&D), building renovation measures, short-term leases, and maintenance and repair of property, plant, and equipment by the Company or third parties that are necessary to ensure the continued functioning of such assets. Commission Delegated Regulation (EU) 2021/2178 requires training costs to be included in the numerator. Consequently, these cost centers must also be included in the denominator.
At United Internet, the OpEx KPI represents that part of operating expenses as defined by the EU Taxonomy that
United Internet’s Taxonomy-eligible share of operating expenditure was determined by analyzing the cost centers for building renovation measures and short-term leases, plus its expenditure on maintenance and repair. The share of Taxonomy-eligible operating expenditure was 21.5% in the 2023 reporting period. It was not possible to report any Taxonomy-aligned OpEx.
United Internet is not affected by any economic activity in connection with electricity generation from fossil gaseous fuels or nuclear energy. United Internet has therefore not disclosed the information provided for in templates 2–5 of this regulation. See Key Figures According to EU Taxonomy
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