Tiscali 2012 Annual Report Download - page 137

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32
parameter in the estimate of recoverable value. An increase of 1% would lower the positive
difference between estimated recoverable value and book value. This difference would continue to
be considerably positive.
(iv) Considerations on the presence of external impairment indicators
Considering the current market situation, certain considerations on the presence of external
impairment indicators were made especially with regard to evidence from the financial market. For
that purpose, the market capitalization of the Tiscali Group does not give rise to elements
departing from the results of the impairment tests.
Other information
SUBSIDIARIES
(EUR 000)
Registered
Offices
Share
Capital
Shareholders
’ equity
Result % Held Book
value
Tiscali Deutschland Gmbh (*) Munich 555 (34,158) (342) 100% -
Tiscali Finance SA (*) Luxemburg 125 (24) (4) 100% -
Tiscali Italia S.p.A. Cagliari 34,800 18,536 (14,170) 100% 130,956
World Online International N.V (*) Maarsen (NL) 115,519 - - 99.5% -
Tiscali Financial Services Sa (*) Luxemburg 31 (3,693) (149) 100% 31
Tiscali UK Holdings Ltd (*) London 59 (290,927) (7,164) 100% -
Total 130,987
(*) preliminary figures relating to the financial statements as at 31 December 2012