Tiscali 2001 Annual Report Download - page 150

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142
PROFIT AND LOSS STATEMENT
Overall, revenues showed a decrement of 4.3% with respect to the previous FY. This is due
to the reduction in revenues from voice services (-57.7%) which was not offset by the
admittedly noteworthy increases in earnings from access (+26.4%) and on-line advertising
(+58%).
The increase in access revenues is particularly significant since it occurred in the presence
of a drop in reverse interconnectivity tariffs. Minutes of Internet traffic increased from
5,8bn in 2000 to 8,6bn in 2001. A positive effect was generated by the increase in revenues
from ADSL, a service which came into being during the early part of the FY.
B2B ("business to business") revenues were generated in the main from housing and
hosting services.
The decrease in voice services revenues was the result of the combined effect of the
reduction of the tariff mix and the reduction in traffic volume, both affected by the strong
competition of the principal national and regional operators.
Moreover, it should be noted that all earnings are generated in the EU area with the only
exception of the affiliate CD Telekomunikace sro (Czech Republic) about which more
information will be provided in the section dealing with infra-group activity. In total, a sum
of EUR 15.5mn was produced from dealings with Group Companies, as it is shown in more
detail hereinafter.
A) VALUE OF PRODUCTION
ANALYSIS OF THE VALUE OF PRODUCTION
This account decreased by EUR 5mn as compared to the previous year, and includes the
following items:
BREAKDOWN OF REVENUES BY CATEGORY OF BUSINESS 12.31.2001 12.31.2000 CHANGE
Access 60,851 48,151 12,700
Voice services 18,815 44,584 (25,769)
Portal 15,616 6,446 9,170
Business services 3,916 3,480 436
Other services 15,840 17,428 (1,588)
Total 115,038 120,089 (5,051)