Tiscali 2008 Annual Report Download - page 89

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88
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
EUR (000) Minimum payments due Current value of minimum payments due
31.12.2008 31.12.2007 31.12.2008 31.12.2007
Less than 1 year 25,067 24,971 19,708 19,502
Between 1 and 5 years 52,966 49,858 30, 080 79,467
More than 5 years 44,540 55,242 44,729 -
122,573 130,071 94,517 98,969
Less future financial charges (28,056) (31,102) - -
Current value of minimum payments 94,517 98,969 94,517 98,969
Included in the balance sheet
Payables for current finance leases 21,399 19,502
Payables for non-current finance leases 73,118 79,467
94,517 98,969
Operating leases
The payments for leasing and sub-leasing recorded in the income
statement are presented in the table below.
EUR (000) 31.12.2008 31.12.2007
Minimum payments due for leasing 45,102 68,238
Subleasing payments (1,059) 589
44,043 69,827
Total commitments relating to payments due from operating
lease transactions which cannot be cancelled, are presented
in the following table.
EUR (000) 31.12.2008 31.12.2007
Less than 1 year 45,625 33,821
Between 1 and 5 years 36,002 41,988
More than 5 years 16.,176 22,625
97,803 98,433
The breakdown of leasing between the various categories of
intangible and tangible assets is presented below.
Leasing included in Intangible assets Computers software and Concessions Broadband service Other Total
EUR (000) development costs and similar rights activation costs
NET VALUE
31 december 2007 - 431 - - 431
31 december 2008 - 515 - - 515
Leasing included in Tangible assets Properties Plant and machinery Other assets Total
EUR (000)
NET VALUE
31 december 2007 59,711 48,473 - 108,145
31 december 2008 57,869 48,892 - 106,761