Tiscali 2009 Annual Report Download - page 115

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Tiscali Group: Annual Report 2009
114
Properties, plant and machinery (note 16)
Changes during the financial year are shown in the following table:
Tangible assets
Properties Plant and
machinery
Other tangible
assets
Tangible assets
in course of
construction
Total
(EUR 000)
HISTORIC COST
1 Genuary 2009 64,236 471,548 9,626 9,070 554,917
Increases 24 11,949 603 2,409 14,985
Other variations - - - -
Assets sold - (245,786) (5,572) (437) (251,796)
Reclassifications - 1,479 - (2,603) (1,124)
31 December 2009 64,260 239,188 4,656 8,877 316,982
ACCUMULATED
DEPRECIATION
1 Genuary 2009 6,243 310,016 6,371 - 322,629
Increases in
depreciation
1,883 24,119 401 - 26,403
Other variations -----
Assets sold (165,175) (4,612) - (169,788)
Reclassifications ----
31 December 2009 8,126 168,959 2,160 - 179,245
VALORE NETTO
31 December 2008 57,993 161,532 3,255 9,508 232,288
31 December 2009 56,134 70,229 2,497 8,877 137,737
The item “Assets sold” includes the variation in tangible assets compared to 2008 for a net value of EUR 82
million due to deconsolidation of tangible assets of UK companies sold.
The item “Properties”, amounting to EUR 56 million, mainly relates to the SA llletta office, the headquarters
of the Italian subsidiary in Cagliari, which was the object of the Sale & Lease back financial transaction in
2007.
The net book value of “Plant and Machinery” (EUR 70.2 million) includes, in particular, costs to install and
extend ULL sites, specific and network devices such as routers, DSLAM, servers and transmission devices.
The EUR 11.9 million increase reflects the remarkable investments concerning the development of the
infrastructure that is necessary to support the ADSL service supply in the unbundling mode.
The “Other tangible assets”, whose balance amounts to EUR 2.5 million, include furniture and furnishings,
electronic and electromechanical office equipment as well as motor vehicles.