Tiscali 2009 Annual Report Download - page 44
Download and view the complete annual report
Please find page 44 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.-
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
 |
 |
43
Fig. 5 – Evolution of the Operating Result (EBIT)
Net result from operating activities (on-going)
The net result from operating activities (on-going), was a negative EUR 14.7 million, a net improvement
compared with the figure in the previous year, a negative EUR 127.7 million. The 2009 result was affected
by the capital gain of EUR 42.3 million brought about by the removal of the Senior Debt D2 Facility, as well
as a reduction in financial charges by around EUR 32.3 million, linked to the restructuring of the Senior
debt, whose total value fell from EUR 490.7 million at 31 December 2008 to EUR 163.9 million at 31
December 2009.
In addition, income taxes accounted for EUR 12.1 million, of which EUR 10.5 million constituted by the
repayment of deferred taxes recorded at 31 December 2008 by subsidiary Tiscali International BV, and
EUR 1.6 million relating to IRAP (regional business tax) charged to Italian companies. At 31 December
2008 the item instead mainly included the repayment of deferred taxes in respect of Tiscali International BV
amounting to EUR 23.8 million.
Group Net Result
The Group Net Result for the period was a negative EUR 387.0 million, primarily as a result of the negative
impact of the result from the sale of the UK subsidiary and of the Ti Net Group (roughly EUR 372.3 million).
Report on operations
.
.