Tiscali 2001 Annual Report Download - page 141

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133
Internet Services Ltd as specified hereinafter in more detail in the comments on changes in
Company capital. These receivables do not generate interest since, seen against the
background of Group re-organisation, they are destined to form part of an increase in the
Group Company's capital.
ANALYSIS OF OTHER RECEIVABLES
Other receivables are broken down as follows:
These securities, purchased during the previous FY to invest a temporary excess of liquid
assets, are used in conjunction with short-term financing operations (swap) at lower rates
than the coupon falling due.
Receivables from the Treasury include EUR 6.2mn on contributions for investments carried
out during the FY, accruing from the subsidies granted under Art. 8 of Law 388. A matching
line item was posted in the liabilities, among deferrals, since it is planned to include this
benefit in the profit and loss account in relation to its use.
III - INVESTMENTS OTHER THAN NON-CURRENT ASSETS
Details of cost and changes in the FY pertaining to investments other than non-current
assets are detailed below.
OTHER SECURITIES
Parent Company Financial Statements
TRADE
BALANCE BALANCE
12.31.2001 12.31.2000
Receivable within one year
Withholding taxes 433 389
Receivables from the Treasury for contributions under Law 388, Art. 8 6,209
Receivables from employees 4 9
Receivables from others 26 25
VAT receivable 15,586 11,669
Other receivables 113 59
22,371 12,151
Receivable after one year
Deposits 234 220
234 220
Total 22,605 12,371
12.31.2001 12.31.2000
COST REVAL. (DEVAL.) B/S VALUE COST REVAL. (DEVAL.) B/S VALUE
Italian bonded securities 8,536 8,536 9,251 9,251