Tiscali 2008 Annual Report Download - page 141

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TISCALI S.P.A. – FINANCIAL STATEMENTS AND EXPLANATORY NOTES
140
Transactions with related parties
During 2008, Tiscali S.p.A. had a number of dealings with
related parties.
These were transactions regulated on an arms’-length basis;
the table below summarises the balance sheet and income
statement values recorded in the Parent Company’s financial
statements at 31 December 2008 arising from transactions
with related parties.
The effects on the income statement are indicated as follows:
INCOME STATEMENT 31.12.2008 of which: change %
EUR (000) related parties
Revenues 17,425 15,981 92%
Other income -
Purchase of materials and outsourced services (7,883) (1,835) 23%
Payroll and related costs (14,248) (2,481) 17%
Other operating costs (1,769)
Writedowns of receivables from customers -
Other writedowns (972,046)
Amortisation/depreciation (375)
Operating result (978,897) 11,665
Portion of result of equity investments carried at equity -
Net financial income (charges) (1,915)
Pre-tax result (980,812) 11,665
Income taxes (263)
Net result from operating activities (on-going) (981,074) 11,665
Result from assets disposed of and/or destined to be disposed of (250)
Net result (981,324) 11,665
INCOME STATEMENT 31.12.2007 of which: change %
EUR (000) related parties
Revenues 15,455 14,681 95%
Other income 368
Purchase of materials and outsourced services (7,589) (2,775) 37%
Payroll and related costs (10,392) (886) 9%
Other operating costs (2,686)
Writedowns of receivables from customers (873)
Other writedowns (17,347)
Amortisation/depreciation (390)
Operating result (23,455) 11,020
Portion of result of equity investments carried at equity -
Net financial income (charges) (310)
Pre-tax result (23,765) 11,020
Income taxes (77)
Net result from operating activities (on-going) (23,842) 11,020
Result from assets disposed of and/or destined to be disposed of -
Net result (23,842) 11,020