Tiscali 2012 Annual Report Download - page 21

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 21
Equity and financial position
CONSOLIDATED BALANCE SHEET (in abridged form)
31 December
2012
31 December
2011
(EUR mln)
Non-current assets 177.7 194.4
Current assets 76.3 112.7
Total Assets 254.0 307.1
Group shareholders’ equity (145.9) (130.0)
Shareholders’ equity pertaining to minority shareholders - -
Total Shareholders’ equity (145.9) (130.0)
Non-current liabilities 192.5 197.4
Current liabilities 207.3 239.6
Total Liabilities and Shareholders’ equity 254.0 307.1
Assets
Non-current assets
Non-current assets at 31 December 2012 amounted in total to EUR 177.7 million (EUR 194.4 million
at 31 December 2011). The net change is attributable to the amortisation and depreciation charge on
tangible and intangible fixed assets during 2012. Investments, amounting to around EUR 26.1 million,
essentially refer to the extension and development of the network, IT services and the connection and
activation of new ADSL customers, as well as the purchase of machinery for the new Istella and
Indoona projects.
Current assets
Current assets at 31 December 2012 amounted in total to EUR 76.3 million (EUR 112.7 million at 31
December 2011). The reduction is mainly attributable to the decrease in net receivables due from
customers for around EUR 28.1 million.