Tiscali 2008 Annual Report Download - page 4
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Tiscali Group
1 Directors and Auditors 7
2 Highlights 13
3 Alternative performance indicators 18
Tiscali Group - Financial Statements at 31 December 2008
4 Report on operations 20
4.1 Tiscali’s position within the market scenario 21
4.2 Regulatory background 23
4.3 Tiscali shares 27
4.4 Significant events during the financial year 29
4.5 Analysis of the Group economic, equity and financial position 30
4.6 Events subsequent to the end of the year 38
4.7 Assessment of the business as a going-concern and business outlook and prospects 39
5 Corporate Governance Report 41
5.1 Foreword 43
5.2 Part I: Corporate Governance structure 43
5.3 Part II: Disclosure on compliance with the recommendations contained in the Code of Conduct for Listed Companies 45
5.4 Organization, management and control model pursuant to Italian Legislative Decree No. 231/2001 51
5.5 Security Programme Document 52
5.6 Shares held by Directors and Statutory Auditors 52
6 Consolidated Financial Statements and Explanatory Notes 55
6.1 Consolidated Income Statement 56
6.2 Consolidated Balance Sheet 57
6.3 Consolidated Cash Flow Statement 58
6.4 Statement of changes in consolidated shareholders’ equity (EUR 000) 60
6.5 Consolidated Income Statement pursuant to Consob Resolution No. 15519 dated 27 July 2006 61
6.6 Consolidated Balance Sheet pursuant to Consob Resolution No. 15519 dated 27 July 2006 62
6.7 Explanatory notes to the Financial Statements 64
6.8 Consolidated Financial Statements certification in accordance with Article 81 ter of Consob Regulation No. 11971 dated 14 May 1999
and subsequent amendments and additions 110
7 Tiscali S.p.A. - 2008 Financial Statements 111
7.1 Analysis of Tiscali S.p.A.’s economic, equity and financial position 112
7.2 Equity and financial position 112
8 Tiscali S.p.A. - Financial Statements and Explanatory Notes 115
8.1 Income statement 116
8.2 Balance Sheet 117
8.3 Statement of changes in shareholders’ equity (EUR) 118
8.4 Cash flow statement 119
8.5 Explanatory notes 120
8.6 Statutory financial statements certification in accordance with Article 81 ter of CONSOB Regulation No. 11971 dated 14 May 1999
and subsequent amendments and additions. 149
9 Independent Auditor’s Report to the Consolidated Financial Statements 151
10 Independent Auditor’s Report to the Statutory Financial Statements 157
11 Report of the Board of Statutory Auditors 161
12 Attachment - Glossary 167