Tiscali 2009 Annual Report Download - page 181

Download and view the complete annual report

Please find page 181 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
180
Other information
SUBSIDIARIES Country Share
Capital
Shareholders’
equity
Result % Held Book value
(EUR 000)
Energy Byte S.r.l. in liquidation Milano 68 - 404 100% -
Tiscali Deutschland Gmbh (ex Nikoma ) Monaco (5,978) (177,367) (2,353) 100% -
Tiscali Finance SA Lussemburgo 125 1 (1,044)) 100% -
Tiscali Italia S.p.A. Cagliari 185,000 135,731 4,335 100% 111,958
World Online International N.V. (***) Maarsen (NL) 115,519 (4,100) (127,035) 100% -
Tiscali Financial Services Sa Lussemburgo 31 (3,217) (176) 100% 31
Tiscali UK Holdings Ltd Londra 59 (251,889) (91,464)
Total 111,989
(***) Forecast balance sheet data at 31/12/2009
Other non current financial assets (note 12)
31 December 2009 31 December 2008
(EUR 000)
Receivables from Group companies 22,120 4,061
Other receivables 484 1,435
Total 22,604 5,496
Other non current financial assets include financial loans to Group companies of EUR 22.1 million (EUR 4
million in 2008).
The increase compared with the cut-off of the previous year us mainly justified by the position with regard
to the English subsidiary Tiscali UK Holdings Ltd in the amount of EUR 5.2 million representing, in part, the
remainder of the waiver transaction set out in previous note 6.
The financial receivables due from Group companies are detailed below:
31 December 2009 31 December 2008
(EUR 000)
Energy Byte S.r.l - 112
Tiscali Italia S.p.A. 12,869 3,484
Tiscali Media Srl 465 465
Tiscali Business Gmbh 2,470 -
Tiscali Gmbh 204 -
Tiscali Verwaltung Gmbh 880 -
Tiscali Uk Holding Ltd 5,232 -
Total 22,120 4,061