Tiscali 2003 Annual Report Download - page 130

Download and view the complete annual report

Please find page 130 of the 2003 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 147

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147

INTRACOMPANY PRODUCTION COSTS
Intracompany production costs break down as follows:
Costs invoiced by Gilla Servizi Telecomunicazioni S.r.l. mainly refer to the transfer of expenses in respect of services and person-
nel working in the offices of the parent Company.
Costs listed under Tiscali International Network BV relate to the international backbone.
Costs listed for Excite Italia BV, LibertySurf Group S.A. and Tiscali Deutschland GmbH mainly relate to their share of publicity
campaigns run centrally in Italy. The costs invoiced by Tiscali Motoring cover content updates for its auto website.
Tiscali UK Ltd outsources its portal management.
COST OF USING THIRD-PARTY ASSETS
The Company has existing leasing contracts that are included under non-current assets. The charges relating to these contracts
that fall due each year are debited to the profit and loss account. If the leasing charges had been booked according to IAS 17,
whereby the capital debt is recorded under non-current assets, and depreciation is charged to the profit and loss account (thus
recording only the interest on the profit and loss account), the value of net non-current assets would have increased by around
EUR 43.8 million and shareholders’ equity would have increased by approximately EUR 2.4 million. IAS 17 was adopted in the
preparation of the consolidated accounts (but not for the parent Company accounts).
132132
EUR/000 AMOUNT
Best Engineering S.p.A. 261
Energy Byte S.r.l 139
Excite Italia BV 2,902
Gilla Servizi Telecomunicazioni S.r.l. (ex Gilla S.p.A.) 1,583
Liberty Surf Group S.A. 485
QuinaryS.p.A. 96
STS S.r.l. 192
Tiscali A/S (Denmark) 1
Tiscali AB ( Sweden) 56
Tiscali AS ( Norway) 17
Tiscali B.V. 120
Tiscali Business Service 69
Tiscali Datacomm AG 20
Tiscali Deutschland GmbH 585
Tiscali Espana SLU 45
Tiscali International Network B.V. 1,081
Tiscali International Network S.p.A. 552
Tiscali International N V 244
Tiscali Motoring S.r.l. 448
Tiscali Oesterreich GmbH 3
Tiscali PTY Ltd 1
Tiscali S.A./N.V. 51
Tiscali Telekomunicace Sro 29
Tiscali UK Ltd 1,372
10,352
31.12.2003 31.12.2002 CHANGE
Financial and operating leasing fees 17,522 17,636 (114)
Rentals 2,622 2,157 465
Other 706 644 62
20,850 20,437 41,3