Tiscali 2001 Annual Report Download - page 146

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138
C) STAFF SEVERANCE INDEMNITY RESERVE
The table below displays the changes which occurred during the financial year.
The line item "Other short-term financing" consists of dues to the French Company France
Finance SA against financing for the purchase of equipment, repayable in 18 months. The
amount falling due beyond the 12 months following closing of the FY is EUR 129,712.
This reserve consists of the actual amount payable by the Company to its employees as at
the dates shown net of advance payments made. The utilizations are indemnities paid to
employees who resigned during the FY.
D) LIABILITIES
ANALYSIS OF PAYABLES BY DUE DATE
BALANCE OTHER BALANCE
12.31.2000 PROVISIONS (UTILIZATION) CHANGES 12.31.2001
Blue-collar workers 5 7 12
Office workers 651 964 (64) 1,551
Executives 87 177 (20) 244
Total 743 1,148 (84) 1,807
12.31.2001 12.31.2000 CHANGE
within 1 year
Due to banks 14,590 11,129 3,461
Other short-term financing 1,617 6 1,611
Trade accounts payable 64,412 68,925 (4,513)
Due to Group Companies 475,790 57,927 417,863
Due to affiliated Companies 56 1,050 (994)
Taxes payable 855 414 441
Due to social security institutions 675 336 339
Other payables 950 1.036 (86)
Total 558,945 140,824 418,121