Tiscali 2012 Annual Report Download - page 105

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 105
INCOME STATEMENT VALUES
(EUR 000)
Notes
31 December
2012
31 December
2011
Studio Racugno 1 (78) (70)
Nuove Iniziative Editoriali S.p.A. 2 (605) (972)
TOTAL SUPPLIERS OF MATERIALS AND SERVICES (683) (1,042)
TOTAL
(683) (1,042)
BALANCE SHEET VALUES
(EUR 000)
Notes
31 December
2012
31 December
2011
Studio Racugno 1 (48) (70)
Nuove Iniziative Editoriali S.p.A. 2 (329) (201)
TOTAL SUPPLIERS OF MATERIALS AND SERVICES (377) (271)
TOTAL
(377) (271)
(1) Studio Racugno: the director Gabriele Racugno, member of Tiscali S.p.A.’s Board of Directors, since 21
December 2009, provides Tiscali Italia S.p.A. with legal and out-of-court assistance.
(2) Nuove Iniziative Editoriali S.p.A.: investee company of the majority shareholder, Renato Soru; the dealings
refer to an advertising concession and the provision of telecommunications services. It should be mentioned that
the investment held by Renato Soru was in the name of Gabriele Racugno by virtue of a deed of trust. The latter
was appointed member of the Board of Directors of Tiscali S.p.A. from 21 December 2009 to January 2010.
Remuneration of the directors, statutory auditors and executives with strategic responsibility
The remuneration due to the directors and statutory auditors of Tiscali S.p.A. and Tiscali Italia S.p.A. in
2012 in relation to the performance of their functions, in the parent company and other consolidated
subsidiaries, is presented below:
(EUR 000) 2012 2011
Directors 723 707
Statutory Auditors 207 230
Total remuneration 930 937
The total value of the cost incurred in 2012 for the remuneration due to executives with strategic
responsibility amounted to roughly EUR 1.3 million. This liability also includes the Group’s
contributions to public and corporate welfare funds for EUR 0.4 million.