Tiscali 2001 Annual Report Download - page 132

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124
During FY 2001, the Tiscali Group's corporate reorganisation plan was launched, so as to
streamline the structure and fully exploit potential economies of scale.
This reorganisation was implemented on the basis of precise guidelines, defined for each
country, providing for concentration of the business activities carried out in each country
into a single legal entity. Exceptions to this general rule are due to the simultaneous
presence in a given country of different business activities (B2B, B2C, Telecom) or to the
need to preserve a domain name.
After completion of the restructuring process (planned for the end of 2002), Tiscali Spa will
directly own the Italian Companies, the German sub-holding, Liberty Surf Group, World
Online International NV and other Companies of a financial nature. World Online
International NV will control all remaining shareholdings in foreign Companies, with the
exception of the French Companies, which will be grouped under Liberty Surf Group SA.
BALANCE BALANCE
SUBSIDIARIES 12.31.2000 INCREASES (DISPOSALS) REVAL. (DEVAL.) OTHER CHANGES 12.31.2001
AddCom AG 2,529 (2,529)
Best Engineering SpA 5,643 (4,353) 1,290
CD Telekomunikace sro 20,372 2,269 (8,834) 13,807
Energy Byte SpA 523 523
Excite Italia BV 27,000 27,000
Gilla SpA 1,250 (1,250)
Guglielmo GmbH 14,703 (10,510) 4,193
Ideare SpA 6,745 (3,747) 2,998
Informedia Srl 457 (23) (176) 258
Liberty Surf Group SA 599,812 (80,883) 518,929
Motorcity SpA 500 500
Nets SA 17,720 (3,105) 14,615
Quinary SpA 23,559 733 (18,378) 5,914
STS Srl 3,228 3,228
SurfEU.com Ltd being wound up 26,784 (18,219) 8,565
Tiscali Belgium Holding SA being wound up 57 (57)
Tiscali Datacomm AG (ex Datacomm AG) 59,821 (31,439) 28,382
Tiscali Finance SA 125 125
Tiscali Reseaux SA (ex Tiscali France SA) 95,872 33,232 (124,104) 5,000
Tiscali Deutschland GmbH (ex Nikoma) 266,813 (213,647) 53,166
Tiscali Telecomunicaciones SA 2,100 352 (2,327) 125
World Online International NV 1,752,051 57,643 (400,660) 1,409,034
Andaledda SpA 88 88
Tiscali Czech Republic sro 39 39
Connect Software Inc 1,000 27 1,027
Tiscali Armament Sarl 892 892
Total 2,256,713 767,226 (2,552) (921,689) 2,099,698
CHANGES DURING FY 2001
The changes in the composition of participations during FY 2001 are listed in the table
below.