Tiscali 2007 Annual Report Download - page 106
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43. Transactions with related parties
During the year, the Tiscali Group had a number of dealings with
related parties, under conditions considered normal on the respec-
tive reference markets, taking into account the characteristics of
the goods and services provided
The table below summarises the balance sheet and income state-
ment values recorded in the Tiscali Group’s consolidated finan-
cial statements at 31 December 2007 arising from transactions
with related parties.
The effects on the consolidated income statement at 31 Decem-
ber 2007 and 31 December 2006 are indicated as follows:
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES AT 31 DECEMBER 2007
105
Income statement
EUR (000) 31.12.2007 of which: related parties % change
Revenues 910,969 401 0.044%
Other income 5,652
Purchase of materials and outsourced services 651,144 958 0.15%
Payroll and related costs 97,166
Stock option plan costs 11,697
Other operating costs 6,885 898 13%
Writedowns of receivables from customers 27,332
Restructuring costs and other writedowns 40,101
Amortization/depreciation 162,744
Other atypical Income/charges -
Operating result (80,448) (1,455)
Portion of results of equity investments carried at equity (10)
Net financial income (Charges) (72,802) (1,934) 2.6%
Other net financial income (charges) (17,881)
Pre-tax result (171,141) (3,389)
Income taxes 17,305
Net result from operating activities (on-going) (153,835) (3,389)
Result from assets disposed of and/or destined to be disposed of 78,511 (620) (0.79)%
Net result (75,324) (4,009)