Tiscali 2009 Annual Report Download - page 48
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47
Liabilities
Non-current liabilities
Non-current liabilities amounted to EUR 239.3 million at 31 December 2009 compared to EUR 229.7 million at
31 December 2008. The figure also includes items concerning the financial position, for which reference should
be made to the following section, the provision for risks and charges for EUR 9.0 million, the employee severance
indemnity for EUR 4.2 million, medium/long-term payables to suppliers for EUR 7.4 million and payables to
suppliers for the purchase of long-term usage rights on transmission capacity (IRU) for EUR 6.3 million.
Current liabilities
Current liabilities amounted to EUR 255.4 million at 31 December 2009 (compared with EUR 949.7 million
at 31 December 2008). They mainly include the current portion of financial payables, payables to suppliers,
together with accrued expenses pertaining to the purchase of access services and line rentals, the employee
severance indemnity, the provision for risks and charges and the provision for taxation.
Reconciliation between the Parent Company’s financial statements and the consolidated financial
statements
As required by Consob Communication no. DEM/6064293 of 28 July 2006, the following table shows the
reconciliation between the net profit for the period and Group shareholders’ equity with the corresponding
values of the Parent Company.
31 December 2009
Net profit (loss) Shareholders’
equity
EUR (000)
Shareholders’ equity and net profit (loss) of Tiscali S.p.A. (248,254) 93,747
Shareholders’ equity and net profits of consolidated companies
net of minority interests (418,481) 16,248
Book value of consolidated equity investments - (334,758)
Write-down of equity investments recorded in the Parent Company’s
financial statements 318,133 318,133
Elimination of the provision for the coverage of losses of investee
companies recorded in the Parent Company’s financial statements (35,984) 75
Cancellation of waiver on financial receivables from subsidiaries
(T Finance and TUKH) 195,052 195,052
Reversal of the goodwill recorded in the financial statements
of consolidated investee companies - (160,250)
Other 120 (174)
Shareholders’ equity and net profit (loss) for the year pertaining
to the Parent Company (384,826) (66,980)
Shareholders’ equity and net profit (loss) for the year pertaining
to minority shareholders (2,186) -
Shareholders’ equity and net profit (loss) for the year as per the
Consolidated Financial Statements (387,012) (66,980)
Report on operations