Tiscali 2009 Annual Report Download - page 171

Download and view the complete annual report

Please find page 171 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.

Page out of 220

  • 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

Tiscali Group: Annual Report 2009
170
Revenues (note 1)
Operating revenues are represented by:
Revenues 2009 2008
(EUR mln)
Revenues from services provided to Group companies 10,284 15,981
Revenues from services to third parties 480 1,444
10,764 17,425
Revenues from services provided to Group companies mainly refer to the invoicing of services provided by
the Company in favour of Group companies.
This item also includes charges for rights of use of the Tiscali brand name calculated as a percentage of
sums invoiced by Group companies using the brand name.
Revenues from services provided to third parties also includes income from third parties of EUR 5 million
arising from the partnership contract with the Google search engine which was active until September 2009,
and which is allocated to and invoiced by the Parent Company. In application of the international accounting
principles (“IFRS”), these revenues are set out net of the general group internal costs of assigning shares
of the revenues for each of the Group companies, in the same amount. This kind of layout has been used
in the year 2008 with an adjusted value of revenues of EUR 12 million wholly arising from group internal
costs of the same amount. From the month of October 2009 the contract was renegotiated to come under
the Italian subsidiary Tiscali Italia S.p.A.
The residua; item equal to EUR 0.5 million in 2009 (EUR 1.4 million in 2008) is represented by income of
various kinds, cost recoveries and asset occurrences.
Revenues by country 2009 2008
(EUR 000)
Revenues from services provided to Group
companies 10,284 15,981
- Italy 6,693 6,149
-The Netherlands: 169 675
- Germany: - 259
- United Kingdom 3,422 8,898
Revenues from services to third parties 480 1,444
- Italy 480 1,444
10,764 17,425
Purchase of materials and outsourced services (note 2)
Costs for the purchase of materials and outsourced services are equal in total to EUR 3.2 million, as against
EUR 7.9 million in 2008, and are shown net of the group internal costs generated by the partnership
contract with the Google search engine in the amount of EUR 5 million (EUR 12.5 million in 2008). For more
details on this reclassification please refer to the comments on the Revenues item.