Tiscali 2003 Annual Report Download - page 126

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Memorandum accounts
Sureties issued to third parties relate to EUR 540m in guarantees given in relation to the bond issued on the Euromarket by sub-
sidiary Tiscali Finance S.A., of which the residual balance as of 31 December was EUR 539.8 million. For information on the
redemption of bonds maturing in July 2004 and July 2005, and the related covenants, please refer to the Report on operations.
The reduction in the memorandum accounts is mainly due to a decrease in leasing payments falling due. The payment amounts
and years to which they relate are shown below.
128128
EUR/000 31.12.2003 31.12.2002 CHANGE
GUARANTEES GIVEN
Sureties 565,977 254,830 311,147
565,977 254,830 311,147
OTHER MEMORANDUM ACCOUNTS
Leasing payments falling due 28,292 42,055 (13,763)
Warrants -110 (110)
Guarantees 15,879 10,877 5,002
44,171 53,042 (8,871)
GUARANTEES RECEIVED
Sureties 1,826 2,448 (622)
1,826 2,448 (622)
611,974 310,320 301,654
ISSUER NOMINAL VALUE OF EACH SHARE YIELD MATURITY GUARANTOR
Tiscali Finance S.A. ( * )80,300 6.375% July 2004 Tiscali S.p.A.
Tiscali Finance S.A. 250,000 Euribor +3.25% July 2005 Tiscali S.p.A.
Tiscali Finance S.A. 209,500 4.25% September 2006 Tiscali S.p.A.
539.800
( * ) Original issue value: EUR 150 million. Amount remaining following the buyback operation carried out in December 2003
YEAR LEASING PAYMENTS
2004 6,093
2005 7,121
2006 10,163
2007 4,914
28,292