Tiscali 2001 Annual Report Download - page 87

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79
Consolidated Financial Statements
B) RESERVES FOR RISKS AND FUTURE LIABILITIES
Reserves for risks and future liabilities are detailed below:
BALANCE OTHER BALANCE
12.31.2000 PROVISIONS (USE) CHANGES 12.31.2001
For taxes 83 83
Fund for risks and future liabilities 417 3,119 (417) 3,119
Other
Foreign exchange fluctuation fund 252 252
Risk fund for current legal proceedings 257 257
Other funds 10,012 26,215 (401) 35,826
Total other funds 10,269 26,467 (401) 36,335
Total 10,769 29,586 (818) 39,537
Reserves are mainly referred to the forecast of future restructuring costs, both on
operational Companies and Companies being wound up.
SUMMARY COMPARATIVE SCHEDULE OF PARENT COMPANY AND CONSOLIDATED FINANCIAL STATEMENTS
CURRENT FINANCIAL YEAR PREVIOUS FINANCIAL YEAR
Net profit (loss) Net equity Net profit (loss) Net equity
BALANCES POSTED IN THE PARENT COMPANY'S BALANCE SHEET (1,041,208) 1,792,964 (101,002) 2,287,375
Elimination of effects of transactions between
consolidated Companies net of fiscal effects
- Internal profits on long-term investments (1,183) (1,183)
- Writeoffs of devaluations pertaining to participations
in subsidiary Companies 920,439 46,017
- Dividends paid by consolidated Group Companies (27)
Effect of the change and harmonisation of valuation
criteria within the Group, net of fiscal effects
- Application of financial method to fixed assets leased from third parties 11,557 14,681 2,923 3,104
- Net equity valuation of Companies registered in the Balance sheet
at their cost value 950 (397) (939) (943)
Book value of consolidated participations (2,089,088) (2,232,592)
Net equity and financial year profit (loss) of consolidated Companies (911,133) 1,196,180 (55,878) 1,471,105
Attribution of differences to the assets of consolidated
Companies and associated depreciations
- Consolidation goodwill (178,669) 679,049 (71,189) 682,439
- Adjustment of Tiscali SpA consolidation difference (189,584) (189,584)
Other adjustments
- Adjustment of Tiscali International BV consolidation difference (248,262) (248,262)
- Group restructuring and other adjustments (28,492) (28,081)
- Other minor adjustments (135) 4,584
BALANCE AS PER THE CONSOLIDATED FINANCIAL STATEMENTS (1,664,429) 1,126,279 (181,386) 2,215,072
(Group quotas)
BALANCE AS PER THE CONSOLIDATED FINANCIAL STATEMENTS (27,127) (18,336) (4,787) 9,310
(Third parties' quota)
BALANCE AS PER THE CONSOLIDATED FINANCIAL STATEMENTS (1,691,556) 1,107,943 (186,173) 2,224,382