Tiscali 1999 Annual Report Download - page 31

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6.4,%&&,:0.&%5/0,*,46*%%,.,&*56,&
Receivables from subsidiary and affiliated companies are detailed as follows:
* $FINANCIAL RECEIVABLES TRADE RECEIVABLES TOTAL
(Euro) < 1 YEAR > 1 YEAR < 1 YEAR > 1 YEAR
/0,*,456,&
Nets SA 1,298,913 - - - 1,298,913
Informedia S.r.l. 172,154 - - - 172,154
Almanacco S.p.A. 620 - - - 620
Andala Umts S.p.A. 310 - - - 310
Andala S.p.A. 5,164 - - - 5,164
Energy Byte S.p.A. - - -
1,477,161 - - - 1,477,161
%%,.,&*56,&
Gilla S.p.A.11,879 - - - 11,879
11,879 - - - 11,879
The above listed receivables accrued as a consequence of the financial backing given to the subsidiary and
affiliated companies in question. Receivables from Informedia S.r.l. will be converted into capital increase
account.
6.4,%&&&,:0.&
The account “other receivables” comprises the following line items:
* $TRADE RECEIVABLES
(Euro) As of
31.12.1999 As of
31.12.1998
-7$$7
Receivables from the Treasury for advance withholding taxes 179,134 -
Receivables from other subjects 23,684 -
VAT credits 4,585,425 -
Other credits 375,000 469,197
5,163,243 469,197
--$$$7
Receivables from the Treasury for advance withholding taxes 4,007,036 -
Guarantee Deposits 140,498 -
4,147,534 -
$9,310,777 469,197
VAT credit will be recovered in the next financial year by means of offsetting to be carried out at the time
of monthly payment of VAT.
The heading “Other Credits” also includes advance paid taxes, whose posting criterion has already been
discussed in the first part of these notes to the financial statements.