Tiscali 2003 Annual Report Download - page 121

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123123
Liabilities
EUR/000
A) Shareholders' equity
The table below provides a summary of changes in the shareholders' equity accounts for the period.
At 31.12.03, the Company's share capital was EUR 184,460,213.50 consisting of 368,920,427 ordinary shares with a nominal
value of EUR 0.50 each.
At the extraordinary general meeting held on 29.04.03, shareholders voted to cover losses relating to the 2002 financial year by
using EUR 152,296,833.87 from the share premium reserve.
Other capital increases and increases in the share premium reserve that occurred during the year came about as a result of takeo-
ver operations by means of share transfers. During the course of the financial year, a total of 7,186,292 shares were issued, with
a nominal value of EUR 3,593,147.
Increases in the share premium reserve totalled EUR 26,086,414.
Changes in the share capital are listed below, next to the transaction to which they refer:
SHARE CAPITAL COMPOSITION (No. of shares - 000)
BALANCE ALLOCATION OF OTHER NET PROFIT BALANCE
31.12.2002 NET PROFIT DIVIDENDS CHANGES FOR THE YEAR 31.12.2003
Share capital 180,867 - - 3,593 - 184,460
Share premium reserve 1,632,896 (152,297) - 26,086 - 1,506,686
Retained earnings (losses carried forward) - - - - - -
Profit (loss) for the year (152,297) 152,297 - - (114,535) (114,535)
1,661,466 - - 29,679 (114,535) 1,576,612
ISSUE DATE NO. OF SHARE CAPITAL SHARE PREMIUM
SHARES INCREASE RESERVE
ISSUED EURO
Shares issued to Tryboard Holding S.A. in exchange for Quinary S.p.A. 16/12/2002 789,110 394,555 3,605,444
Shares issued to Messrs Cavalletto, Decio, Gilardoni
and Massironi of Quinary S.p.A. 12/12/2002 233,211 116,606 1,065,541
Exercise of warrants - Connect Software - tranche III 09/04/2003 74,350 37,175 -
Shares issued for the contribution in kind of a credit
to Wanadoo International S.A. 13/06/2003 2,290,924 1,145,462 8,354,538
Shares issued for the contribution in kind of a credit to VTL Inc 20/05/2003 840,228 420,114 2,829,886
Shares issued to Dell Product (Europe) BV in exchange
for Tiscali Internet Ltd 14/05/2003 152,380 76,190 522,050
Shares issued for the contribution in kind of a credit to Airtel Movil S.A. 22/07/2003 2,162,139 1,081,070 8,778,930
Shares issued to Telenor Business Solution Holding AS in exchange
for Nextra S.p.A. 18/07/2003 643,950 321,975 930,025
7,186,292 3,593,147 26,086,414
NOMINAL VALUE OF EACH SHARE EUR 0.50
CATEGORY 31.12.2002 INCREASES (DECREASES) 31.12.2003
Ordinary shares 361,734,135 7,186,292 - 368,920,427
Total 361,734,135 7,186,292 - 368,920,427