Tiscali 2001 Annual Report Download - page 127

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119
The line item "Others" refers mainly to investments made for the adaptation of technical
sites and operational and administrative offices. In particular, increments during the FY
regard the extension of the technical sites and the set up of a new operational center in
Cagliari, in rental form. This line item also includes for about EUR 0.6mn the residual
amount (excluding the portion paid under the heading of goodwill to be found in the
appropriate line item) of the assets regarding the "Voltrade" branch Company.
The column "Revaluations/Write-downs" includes the devaluation of intangible assets,
mainly software, considered obsolete in view of rapid technological developments in this
field.
II - FIXED ASSETS
Following is a summary of the changes in the accounts over the period, with regard to the
historic costs of fixed assets:
Fixed assets mainly consist of technical equipment for the creation of internal networks
and equipment for site setup, servers, personal computers, and call centre equipment.
Increments in essence derive from the purchase of server equipment on which the
information management systems of Group Companies are presently installed (about EUR
3.6mn) and equipment for the management of the telephone systems (EUR 0.6mn) and
other services on Internet.
"Fixed assets in course of acquisition" include equipment for telephone switchboards
purchased from a Group Company awaiting insertion in the production process.
The column "Other changes" shows the transfer of accounting entries carried out in 2001,
Parent Company Financial Statements
BALANCE OTHER BALANCE
COST 12.31.2000 INCREASES REVALUATIONS CHANGES (DISPOSALS) 12.31.2001
Plants and machinery
- general plant and machinery 273 939 1,212
- specific plant and machinery 799 8,465 (799) 8,465
- other plant and machinery 1,968 87 (110) 1,945
Total 2,767 8,825 30 11,622
Industrial and trade equipment
- network equipment and other specific equipment 656 293 (656) 293
- other equipment 485 141 1,010 1,636
- miscellaneous minor items 478 (478)
Total 1,619 434 (124) 1,929
Other goods
- office furniture 362 908 1,270
- IT and electric office automation 620 1,645 2,265
- other goods 2,628 181 (2,459) 350
Total 2,628 1,163 94 3,885
Payments on account and assets in course of acquisition
- assets in course of acquisition 1,995 1,995
Total 1,995 1,995
Total 7,014 12,417 19,431