Tiscali 2001 Annual Report Download - page 156

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148
INTEREST AND FINANCIAL CHARGES
Interest payable accrued on financing received from Tiscali Finance SA in the amount of
EUR 5.3mn, from Tiscali International BV for EUR 8.8mn and from Excite Italia BV for EUR
0.04mn.
INTERCOMPANY FINANCIAL CHARGES
Intercompany financial charges are detailed below:
ANALYSIS OF OTHER FINANCIAL INCOME
This line item consists mainly of expenditure to cover interest matured on bank overdrafts.
We wish to point out that bank commissions and costs have been re-posted under the
heading "Costs for services". The line item "Other financial charges" includes interest
owing on sale and repurchase agreement operations.
D) VALUATION ADJUSTMENT OF FINANCIAL ASSETS
Re-valuations, recoveries of value and devaluations of participations and other
investments are shown and commented on in the section covering long-term investments,
above.
12.31.2001 12.31.2000 CHANGE
From associated Companies
Interest 14,528 2,613 11,915
INTEREST
COMPANY 12.31.2001
Tiscali International BV 8,850
Tiscali Finance SA 5,306
Excite Italia BV 372
Total 14,528
12.31.2001 12.31.2000 INTEREST
Financial charges on
Amounts due to banks for overdrafts 676 281 395
Other short-term financing 41 68 (27)
Trade accounts payable 132 (132)
Other payables 48 48
Negative exchange fluctuations 120 459 (339)
Other charges 355 42 313
Total 1,241 983 259