Tiscali 2001 Annual Report Download - page 5

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CONTENTS
ONE BRAND, ONE TECHNOLOGY, ONE COMPANY 1
One Brand 2
One Technology 4
One Company 6
BOARDS 9
LETTER TO SHAREHOLDERS 10
TISCALI SHARES 12
REPORT ON OPERATING PERFORMANCE 15
Market profile 16
Group Operating Performance 19
Revenues analysis 22
Access 23
Portal 23
B2B 25
Voice 25
Operating costs 25
Extraordinary operations 27
Corporate restructuring 27
Group balance sheet result 30
Group investments 30
Parent Company operating performance 32
Breakdown of Parent Company revenues 33
Access 33
Portal 33
B2B 34
Voice 34
Operating costs 34
Parent Company balance sheet results 35
Parent Company investments 35
Principal subsidiaries and shareholdings 36
Main acquisitions by the Tiscali Group in 2001 36
Relations with Group Companies and associated parties 39
Recent events 40
Outlook 41