Tiscali 2009 Annual Report Download - page 123

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Tiscali Group: Annual Report 2009
122
Non-current financial liabilities (note 27)
Net financial position
The net financial position for the Group, amounting to about EUR 224.4 million, is shown in the table below:
31 December 2009 31 December 2008
(EUR 000)
A. Cash 16,220 24,202
B. Other cash equivalents - -
C. Securities held for trading - -
D. Cash and cash equivalents (A) + (B) + (C) 16,220 24,202
E. Current financial receivables - 2,709
F. Non-current financial receivables - 1,436
G. Current bank payables 13,573 510,012
H. Current portion of non-current debt 10,880 -
I. Other current financial payables (*) 4,349 21,399
J. Current financial debt (G) + (H) + (I) 28,802 531,411
K. Net current financial debt (J) – (E)- (F) – (D) 12,582 503,065
L. Non-current bank payables 152,875 -
M. Bonds issued - -
N. Other non-current payables (**) 58,952 113,387
O. Non-current financial debt (L) + (M) + (N) 211,827 113,387
P. Net financial debt (K) + (O) 224,410 616,452
The table above has been drawn up in light of Consob Communication no. DEM/6064293 dated 28 July 2006.
The net financial position prepared by the company according to operating criteria, and described in the section
“Financial Situation” in the Report on Operations, amounts to EUR 211.2 million.
The table below shows the reconciliation between the two net financial positions:
(EUR mln) 31 December 2009 31 December 2008
Consolidated net financial debt 211.2 601.1
O t h e r c a s h a n d c a s h e q u i v a l e n t s a n d c u r r e n t
and non-current financial receivables 13.2 15.3
N e t fi n a n c i a l i n d e b t e d n e s s d r a w n u p b a s e d o n
Consob Communication no. DEM/6064293 of 28 July 2006 224.4 616.4
(*) includes leasing payables
(**) includes leasing payables and payables due to shareholders