Deutsche Telekom AG, headquartered in Bonn, Germany, is the largest telecommunications company in Europe. The company uses

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Deutsche Telekom AG, headquartered in Bonn, Germany, is the largest telecommunications company in Europe. The company uses IFRS to prepare its financial statements. The company's 2012 financial statements report the following:image text in transcribed

The debt footnotes report details about Deutsche Telekom's financing activities as follows:image text in transcribed

Required

a. The graphic shows changes in net debt, which is debt less cash and marketable securities. For each of the changes shown in the graphic, determine if the cash flow was operating, investing, or financing.

b. Explain why the company issues debt in so many currencies.

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