Tiscali 2009 Annual Report Download - page 190
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189
Market Risks
Group activities do not expose it primarily to the financial risk of changes in exchange rates for foreign
currency and to the interest rate.
Transactions with related parties
During 2009, the Tiscali S.p.A. had a number of dealings with related parties.
These were transactions regulated on an arms’-length basis; the table below summarises the balance sheet
and income statement values recorded in the Parent Company’s financial statements at 31 December 2009
arising from transactions with related parties.
The effects on the income statement are indicated as follows:
INCOME STATEMENT 2009
of which:
related parties % change
(EUR 000)
Revenues 10,764 10,284 95.5%
Other income -
Purchase of materials and outsourced services (3,211) (240) 7.5%
Payroll and related costs (5,344) (324) 6.1%
Other operating costs (3,384) (1,940) 57.3%
Write-downs of receivables from customers (2)
Other write-downs (251,763)
Amortisation/depreciation (347)
Operating result (253,287) 7,781
Portion of result of equity investments valued
using the net asset approach
-
Net financial income (charges) 4,771
Pre-tax result (248,516) 7,781
Income taxes (185)
Net result from operating activities (on-going) (248,701) 7,781
Result from assets disposed of and/or destined
for disposal
447
Net result (248,254) 7,781
Tiscali S.p.A. Accounting Statements and Explanatory Notes