Deutsche Telekom AG - The 2009 financial year

II Selected financial data of the Deutsche Telekom Group III The Group and its operating segments 24 Letter to our shareholders 28 The Board of Management 30 Supervisory Board’s report 39 Corporate governance 45 The T-Share 24 To our shareholders 50 Overview of the 2009 financial year 52 Deutsche Telekom Group management report 56 Group organization 62 Group strategy and Group management 66 The economic environment 71 Development of business in the Group 78 Development of business in the operating segments 124 Consolidated statement of financial position 126 Consolidated income statement 127 Consolidated statement of comprehensive income 128 Consolidated statement of changes in equity 130 Consolidated statement of cash flows 220 Members of the Supervisory Board including seats on the supervisory boards of other companies 222 Members of the Board of Management including seats on the supervisory boards of other companies 96 Corporate responsibility 99 Innovation and product development 102 Employees 106 Risk and opportunity management 117 Significant events after the reporting period 118 Outlook 131 Notes to the consolidated financial statements 216 Responsibility statement 217 Auditors’ report 224 Glossary 228 Index 229 Contacts/Financial calendar 230 Disclaimer V Deutsche Telekom worldwide VI Content VII Key data of the Group’s operating segments 49 Group management report 123 Consolidated financial statements 219 Boards, seats, and further information 23