Telefonica S.A. Telefonica Individual Annual Report 2022 DwC This version of our report is a free translation of the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation. Independent auditor's report on the annual accounts To the shareholders of Telefon ...