Tiscali 2001 Annual Report Download - page 149

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141
MEMORANDUM ACCOUNTS
The reduction in memorandum accounts is mainly due to the writing off of the commitment
for the issue of securities against the acquisition of World Online and Addcomm which
effectively took place in 2001.
On the other hand, new guarantees were given for the benefit of Società Autostrade with
reference to the transmission capacity supply agreement for EUR 5mn, by means of a
surety of the Banca di Sassari, and for the benefit of Isfor covering the operating training
programme borne by the Region of Sardinia by means of a surety of CARIPLO, for EUR
0.7mn.
Parent Company Financial Statements
12.31.2001 12.31.2000 CHANGE
GUARANTEES GIVEN
Sureties 250,000 250,716 (716)
Total 250,000 250,716 (716)
OTHER MEMORANDUM ACCOUNTS
Leasing payments coming due 54,937 45,881 9,056
Warrants 183 10,577 (10,394)
Commitments 11,060 55,243 (44,183)
Total 66,180 111,701 (45,521)
GUARANTEES RECEIVED
Sureties 7,227 6,131 1,096
Total 7,227 6,131 1,096
Total 323,407 368,548 (45,140)