Tiscali 2012 Annual Report Download - page 22

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 22
Liabilities
Non-current liabilities
Non-current liabilities as at 31 December 2012 amounted to EUR 192.5 million, compared with a
balance of EUR 197.4 million as at 31 December 2011 and include both the items pertaining to the
financial position, with reference to which please see the comments made further on, the provision for
risks and charges totalling EUR 2.5 million, the employee severance indemnity for EUR 4 million, and
payables to suppliers for the purchase of long-term rights for the use of transmission capacity (IRU) for
EUR 3.4 million.
Current liabilities
Current liabilities amounted to EUR 207.3 million as at 31 December 2012 (compared with EUR 239.6
million as at 31 December 2011) and mainly include the current portion of financial payables, payables
to suppliers, together with accrued expenses pertaining to the purchase of access services and line
rental.
Reconciliation between the Parent Company’s financial statements and consolidated financial
statements
As required by CONSOB Communication No. DEM/6064293 dated 28 July 2006, the following table
shows the reconciliation between the net profit for the period and shareholders’ equity of the Group
with the corresponding values of the Parent Company.
31 December 2012
EUR 000 Net
result
Shareholders’
equity
Shareholders’ equity and net profit (loss) of Tiscali S.p.A. (3,115) 61,940
Net profit and Shareholders’ equity of consolidated companies (18,929) (376,814)
Book value of consolidated equity investments - (131,612)
Elimination of expense provisions and write-downs of intercompany receivables 6,110 300,567
Shareholders’ equity and net profit (loss) for the year pertaining to the Parent Company (15,934) (145,919)
Shareholders’ equity and net profit (loss) for the year pertaining to minority shareholders - -
Shareholders’ equity and net profit (loss) for the year as per the Consolidated Financial Statements (15,934) (145,919)