Tiscali 2009 Annual Report Download - page 177
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Tiscali Group: Annual Report 2009
176
Equity investments (note 11)
At the date of 31 December 2009 this item included the shareholdings in subsidiary and related companies,
in the amount of EUR 112.0 million, compared with a value of EUR 235.7 million in the previous year. The
changes in the year, including the devaluations made, is detailed in the following table:
SUBSIDIARIES 31-Dec-09 31-Dec-08
Cost
Revaluations/
Write-downs
Book
value Cost
Revaluations/
Write-downs
Book
value
(EUR 000)
Energy Byte Srl in liquidation 677 (677) - 677 (677) -
Tiscali Deutschland Gmbh 283,475 (283,475) - 283,475 (283,475) -
Tiscali Finance SA 22,218 (22,218) - 125 (125) -
Tiscali Italia S.p.A. 111,958 - 111,958 111,817 - 111,817
Tiscali Motoring S.r.l. in liquidation - - - 500 (500) -
World Online International N.V. 1,811,994 (1,811,994) - 1,811,995 (1,689,390) 122,605
Tiscali Int.l Network S.p.A. - - - 1,391 (119) 1,272
Tiscali Financial Services Sa 31 - 31 31 - 31
Tiscali UK Holdings Ltd - - - - - -
2,230,353 (2,118,364) 111,989 2,210,011 (1,974,286) 235,725
Associated companies at 31 December 2009 are detailed as follows:
ASSOCIATED COMPANIES 31-Dec-09 31-Dec-08
Cost
Revaluations/
Write-downs
Book
value Cost
Revaluations/
Write-downs
Book
value
(EUR 000)
STS Studi Tecnologie e Sistemi S.r.l. - - - 1,291 (1,272) 19
- - - 1,291 (1,272) 19