Previous Annual Reports
2004 Annual Report
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2004 Annual Report
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Highlights 2004
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Letter from the Chairman
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Management bodies
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Corporate Information
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Information for Shareholders
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Results January - December 2004
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Risk Management
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Group Structure
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Consolidated Annual Financial Statement and Management Report
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Annual Financial Statement and Management Report for Telefónica S.A.
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Annual Report on Corporate Responsability 2004
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Letter from the Chairman
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The Telefónica Group in 2004
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Corporate Governance
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Intangible Assets
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Innovation
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Customers: quality and fulfilment
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Shareholders: profitability and transparency
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Employees: clarity and development
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Society: contribution and proximity
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The Environment: respect and protection
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Suppliers: equal opportunity and mutual benefit
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Media: information and transparency
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You come first
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Annual Report on Corporate Governance 2004
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Shareholding Structure
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Structure of Corporate Administration
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Associated Transactions
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Risk Control Systems
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The General Shareholders’ Meeting
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Degree of Compliance with Corporate Governance Recommendations
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Other Information of Interest
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[PDF 8.6 MB]