Tiscali 2003 Annual Report Download - page 92
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9494
Deferred taxes
The Group booked deferred tax assets of EUR 51.6 million for the year, calculated, as a precaution, solely for countries that regi-
stered taxable income in 2003. Please see the sections on accounting policies and “receivables from others” for more information.
Other information
The table below shows a breakdown of employees by category.
RELATED PARTIES TRANSACTIONS
In 2003, certain dealings took place with related parties, in which members of the board of directors own a stake directly or
indirectly. In particular, IT consultancy services were provided by Kelyan S.p.A., in which Bernabè Franco S.p.A. holds a stake.
The cost of these services, which involved a datawarehouse project and installation of IT systems, was EUR 1.3 million, of which
EUR 1.1 million has already been paid. The services were charged at market prices.
Services costing a total of EUR 2.8 million were purchased from Interoute S.p.A. (formerly Eurostrade S.p.A., majority-owned
by Group shareholder, the Sandoz Foundation). In addition, the parent Company paid the Company EUR 4 million, partly for ser-
vices provided the previous year, while trade receivables in respect of Eurostrade total around EUR 500,000. The services pro-
vided (dark fibre and related maintenance) were charged at market prices. Shardna S.p.A. (controlled by shareholder and chair-
man Renato Soru) was invoiced for EUR 124,000 for a sub-lease on a Tiscali building in Cagliari. The invoice also passed on
costs incurred by the Company.
NUMBER OF EMPLOYEES BY CATEGORY 31.12.2003 31.12.2002 CHANGE
Senior managers 146 131 15
Middle managers 505 479 26
Office staff 2,551 2,405 146
Manual workers 24 24 -
Total 3,226 3,039 187