Tiscali 2009 Annual Report Download - page 122
Download and view the complete annual report
Please find page 122 of the 2009 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
 |
 |
121
Shareholders’ equity (note 25)
31 December 2009 31 December 2008
(EUR 000)
Share capital 92,003 308,273
Share premium reserve - 990,857
Stock option reserve 4,315 3,840
Accumulated losses and other reserves 221,528 (1,049,423)
Result for the period (384,826) (242,724)
Minority interests - (6,046)
Total (66,980) 4,777
Changes in 2007 in shareholders’ equity items are detailed in the relevant table.
At 31 December 2009, the share capital amounted to EUR 92.0 million corresponding to 1,961,473,919
shares without a nominal value.
The share premium reserve amounting to EUR 990.9 million at December 2008 and zero at the end of
2009, was used entirely to cover losses accumulated as at 31 December 2008.
On 30 June 2009, in the absence of available reserves and the legal reserve, the extraordinary general
shareholders’ meeting resolved to reduce share capital to EUR 156,071,496 (EUR 308,272,742 at 31
December 2008), in order to absorb the losses carried forward from the previous year, amounting to EUR
151,830,722 and an additional loss of EUR 3,044,736 reported at 31 March 2009.
On conclusion of the share capital increase on 11 November 2009, the new share capital of Tiscali was EUR
336,053,433.35, with an increase in the share premium reserve equal to EUR 8,509,755 due to income
from the sale of unexercised trade options.
On 22 December 2009 the extraordinary shareholders’ meeting resolved to cover all losses accumulated at
1 December 2009, amounting to EUR 252,560,297.48, by using all of the share premium reserve for EUR
8,509,754.60 and reducing share capital for the remaining EUR 244,050,542.88 lowing the share capital
from EUR 336,053,433.35 to EUR 92,002,890.47 resulting in an amendment to art. 5 (Share Capital and
Shares) of the company by-laws.
Shareholders’ equity pertaining to minority shareholders (note 26)
The shareholders’ equity pertaining to minority shareholders changed due to the allocation to minority
shareholders of the period result and due to exchange rate changes.
Consolidated Financial Statements and Explanatory Notes