Tiscali 2001 Annual Report Download - page 157
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149
E) EXTRAORDINARY INCOME AND CHARGES
COMPOSITION OF EXTRAORDINARY INCOME
Contingent assets derive for EUR 3mn from closure of the above-mentioned risk funds; for
EUR 1.2mn from the upgrading of a promotional operation (Procter & Gamble) pertaining
to 2000, for EUR 1mn from repricing adjustments of Telecom Italia invoices and from other
minor sources of income not ascertained in previous FYs.
Capital gains from the disposal of participations and other investments are shown and
commented upon above in the section covering long-term investments.
COMPOSITION OF EXTRAORDINARY CHARGES
The line item "Contingent liabilities" includes compensation paid to third parties in the
amount of EUR 3mn and devaluation of obsolete assets in the amount of EUR 4.2mn.
The line item "Other extraordinary charges" includes, for EUR 47.6mn extraordinary
devaluation of receivables from Tiscali Belgium Holding SA and the taking on of payables
of Tiscali Telecomunicaciones SA and, for about EUR 2mn, other payables which have
arisen from the overall Group restructuring plan mentioned above, which for the two
operations specified above required the intervention of the Parent Company. In particular,
Tiscali Belgium Holding has been wound up.
Parent Company Financial Statements
DESCRIPTION 12.31.2001 12.31.2000 CHANGE
Extraordinary gains
Contingent assets and non-existent liabilities 5,747 300 5,447
Total 5,747 300 5,447
Gains on sales of fixed assets
Gains on sales of investments 2,849 1,938 911
Total 2,849 1,938 911
DESCRIPTION 12.31.2001 12.31.2000 CHANGE
Extraordinary losses
Contingent liabilities and non-existent assets 15,657 2,041 13,616
Other extraordinary charges 50,167 21 50,146
Devaluations of participations 921,689 921,689
Total 987,514 2,062 985,451