Tiscali 2003 Annual Report Download - page 132

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INTEREST AND OTHER FINANCIAL CHARGES
The decrease is attributable to non-interest bearing financing agreements.
OFINANCIAL CHARGES PAYABLE TO THIRD PARTIES
This item mainly comprises interest on bank overdrafts.
Interest on loans was capitalised as additional charges on investments when the new headquarters became operational (September
2003).
D) Revaluations of investments
This item includes write-downs of equity investments (please see sections on the relevant items).
E) Extraordinary income and charges
EXTRAORDINARY INCOME
The item “contingent assets” includes use of risk provisions earmarked in previous years to cover eventualities that did not arise
and so were surplus to requirements (EUR 13.7 million); revenues relating to previous years (EUR 0.4 million) and the cancella-
tion of costs pertaining to previous years (EUR 1.4 million).
134134
EUR/000 31.12.2003 31.12.2002 CHANGE
payable to subsidiaries
interest 106 753 (647)
EUR/000 31.12.2003 31.12.2002 CHANGE
Financial charges on:
overdrafts 1,757 1,391 366
medium-/long-term bank loans 283 201 82
amounts due to other lenders 59 96 (37)
payables to suppliers
other payables 611 140 471
exchange rate losses 684(78)
other 34 146 (112)
2.750 2.058 692
EUR/000 31.12.2003 31.12.2002 CHANGE
Extraordinary income:
Contingent assets and non-existent liabilities 20,626 979 19,647
20,626 979 19,647