Tiscali 2003 Annual Report Download - page 111

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113113
III – Investments
INVESTMENTS IN GROUP COMPANIES
As of 31 December 2003, this item included holdings in subsidiaries and affiliated companies totalling EUR 1,992.9m and hol-
dings in other companies (EUR 0.2m).
The tables below show the detailed accounting entries as of 31 December 2003 and related changes with respect to the same
period of the previous financial year, as well as a list of the Company’s holdings in Group and affiliated companies pursuant to
art. 2427, paragraph 5 of the Italian civil code.
BREAKDOWN OF EQUITY INVESTMENTS
31.12.2003 31.12.2002
SUBSIDIARIES COST WRITE-UPS (DOWNS) B/S VALUE COST WRITE-UPS (DOWNS) B/S VALUE
Best Engineering S.p.A. 5,643 (4,353) 1,290 5,643 (4,353) 1,290
Energy Byte S.r.l. 677 (677) - 677 (677) -
Excite Italia BV 17,769 (5,000)) 12,769 30,648 - 30,648
Ideare S.p.A. 6,745 (3,747) 2,998 6,745 (3,747) 2,998
Informedia S.r.l. 535 (535) - 535 (535)
Liberty Surf Group S.A. 599,812 (80,883) 518,929 599,812 (80,883) 518,929
Tiscali Business Services S.p.A. (ex Nextra)1,252 - 1,252 - - -
Quinary S.p.A. 29,474 (28,378) 1,096 29,474 (18,378) 11,096
STS Studi Tecnologie e Sistemi S.r.l. 1,291 - 1,291 3,228 - 3,228
Tiscali Armement Sarl - - 892 - 892
Tiscali Datacomm AG 75,623 (58,610) 17,013 75,622 (35,300) 40,322
Tiscali Deutschland GmbH 283,475 (247,088) 36,387 283,475 (230,309) 53,166
Tiscali Finance S.A. 125 - 125 125 - 125
Tiscali Motoring S.r.l. 500 - 500 500 - 500
Tiscali Telecomunicaciones S.A. 2,452 (2,327) 125 2,452 (2,327) 125
World Online International N.V. 1,811,994 (415,725) 1,396,269 1,809,694 (400,660) 1,409,034
Andaledda S.p.A. 103 - 103 88 - 88
Connect Software Inc 1,027 - 1,027 1,027 - 1,027
Gilla Servizi Telecomunicaz. S.r.l. 1,295 (1,250) 45 1,295 (1,250) 45
Tiscali Czech Republic Sro 39 - 39 39 - 39
Tiscali ITS S.r.l. 1,593 - 1,593 1,593 - 1,593
2,841,424 (848,572) 1,992,852 2,853,564 (778,419) 2,075,145
31.12.2003 31.12.2002
AFFILIATED COMPANIES COST WRITE-UPS (DOWNS) B/S VALUE COST WRITE-UPS (DOWNS) B/S VALUE
FreeTravel S.p.A. (being wound up) 250 (250) - 250 (250) -
Ariete Telemedia S.r.l. 744 (744) - 744 (744) -
Stud. Soc. Consortile 15 - 15 15 - 15
Netchemya S.p.A. (being wound up) 4,550 (4,550) - 4,550 (4,550) -
Janna Scpa 34 - 34 34 - 34
5,593 (5,544) 49 5,593 (5,544) 49