Tiscali 1999 Annual Report Download - page 45

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FINANCIAL STATEMENT (FLOWS)
%.=8&6&&*%5&,631/12/99 31/12/98
Million EURO Million EURO
Net loss for the financial year (5,54) (1,42)
Adjustments for accounts not affecting cash flow::
Depreciation and amortization 2,63 0,68
Provision to staff severance indemnity reserve 0,18 0,03
Staff severance indemnities paid during the period -
Provision (use) of reserve for risks and future liabilities 0,01 (2,72) (0,71)
Changes in current assets and liabilities:
Amounts due from customers (28,56) (1,82)
Other receivables 0,21
Inventories (0,85) (0,11)
Accrued income and deferred charges (5,38) (0,9)
Trade accounts payable 31,05 3,03
Other liabilities 4,81 0,24
Accrued liabilities and deferred income 4,07 0,79
Reserve for taxes payable 0,10 8,26 0,05 2,01
Cash flows generated from operations 2,72 0,58
%.=%5,6:&5&6,:,4
Net book value of assets sold
Purchase of fixed assets (2,78) (0,54)
Increases in intangible assets (18,74) (2,24)
(increase) decrease in investments (9,42) (30,94) 0,02 (2,76)
%.=%5%,66,68,:,4
New loans
Reimbursement of loans
Capital increases 140,26 4,54
Dividends paid
Reduction (increase) in other non-current assets (14,15) 126,11 (0,21) 4,33
,6&& *&&&#,61&3/,:.&6 97,89 2,15
6*&3/,:.&6; &6,680.6& 2,18 0,03
6*&3/,:.&6; .,680.6& 100,07 2,18
* * *
These financial statements, which consist of the Balance Sheet, the Profit and Loss Statement and the
Notes to the Financial Statements, provide a fair presentation of the financial position and earnings for the
period referenced herein.
%$0$$*$
The Chairman
Renato Soru