Tiscali 2007 Annual Report Download - page 134

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Equity investments in associated companies include the equity
investment in STS Studi Tecnologie e Sistemi S.r.l., operating in
the software and IT production and development sector.
Equity investments – Other information
With regard to STS S.r.l. it should be mentioned that 15% of the
share capital is held by Energy Byte S.r.l. (in liquidation), which
is 100% controlled by Tiscali S.p.A.
15. Other non-current financial assets
EUR (000) 31.12.2007 31.12.2006
Receivables from Group companies 53,144 4,779
Other receivables - -
Total 53,144 4,779
Other non-current financial assets include financial receiva-
bles from Group companies of EUR 53 million at 31 Decem-
ber 2007. The increase with respect to the end of the previous
year was essentially determined by the receivable due from
the subsidiary Tiscali Italia S.p.A. for EUR 29.46 million gene-
OTHER COMPANIES Balance Increases (Disposals) Reval / Balance
EUR (000) 31.12. 2006 (write-down) 31.12. 2007
Mix S.r.l. 1 - (1) - -
1-(1)--
TISCALI S.P.A. – SINANCIAL STATEMENTS AT 31 DECEMBER 2007
133
SUBSIDIARIES Country Share Shareholders’ Result % Held Book
EUR (000) Capital equity value
Connect Software Inc.in liquidation (*) S.Francisco (USA) 48 (43) (2) 100% -
Energy Byte S.r.l.in liquidation Milan 68 55 (4) 100% -
Quinary S.p.A. Milan 400 (849) (1,359) 85% 357
Tiscali Czech Republic a.s. (**) in liquidation Prague 505 (43) (23) 100% -
Tiscali Deutschland Gmbh (***) Monaco 555 (6,985) 2,169 100% -
Tiscali Finance SA Luxemburg 125 (19,190) (961) 100% -
Tiscali Italia S.p.A. Cagliari 185,000 119,102 (28,807) 100% 55,439
Tiscali Motoring S.r.l in liquidation Cagliari 100 (46) (1) 60% -
World Online International N.V. Maarsen (NL) 115,519 1,080,095 - 100% 1,076,270
Tiscali Int.l Network S.p.A. Cagliari 350 528 142 60% 1,306
Tiscali Financial Services Sa Luxemburg 31 22,031 (53) 100% 31
1,133,403
(*) Balance sheet data at 31 December 2002 (**) - Balance sheet data at 31 December 2003 - (***) Forecast balance sheet data at 31 December 2007
ASSOCIATED COMPANIES Country Share Shareholders’ Result % Held Book
EUR (000) Capital equity value
STS Studi Tecnologie e Sistemi S.r.l. Rome 100 132 (23) 20% 480
ASSOCIATED COMPANIES Balance Increases (Disposals) Reval / Balance
EUR (000) 31.12. 2006 (write-down) 31.12. 2007
STS Studi Tecnologie e Sistemi S.r.l. 480 - - - 480
STUD Soc. Consortile a. r. l. 15 10 (15) (10) -
495 10 (25) (10) 480