Tiscali 2001 Annual Report Download - page 84

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76
III - INVESTMENTS OTHER THAN NON-CURRENT ASSETS
"Other securities" include the investment of liquid assets in bonded securities and other
forms of short-term investment, to be found mainly in the financial statements of Tiscali
International BV and Liberty Surf Group SA.
IV - CASH AND CASH EQUIVALENTS
Cash and cash equivalents are broken down as follows:
12.31.2001 12.31.2000 CHANGE
Bonded securities 40,272 50,256 (9,984)
Other securities 122,682 122,682
Total 162,954 50,256 112,698
12.31.2001 12.31.2000 CHANGE
Bank and post-office deposits 384,862 1,130,700 (745,838)
Cash and other negotiable instruments 19 248,532 (248,513)
Cash and cash equivalents 384,881 1,379,232 (994,351)
As at December 31, 2001 cash and cash equivalents were EUR 385mn. Change as regards
the previous year are due to the portion of take-overs made with cash payments, payment
of substantial Group restructuring and reorganisation charges and to the use of liquid
assets for current expenses.