Tiscali 2012 Annual Report Download - page 93

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 93
The reconciliation between the total of the minimum payments due for leasing as of the balance sheet
date and the current value for each of the periods considered, is presented below.
(EUR 000) Minimum payments due
Current value of minimum
payments due
31 31 31 31
December
2012
December
2011
December
2012
December
2011
Less than 1 year 3,042 3,526 95 580
Between 1 and 5 years 30,333 24,991 20,251 14,156
More than 5 years 43,842 51,527 38,366 43,913
Total 77,216 80,045 58,713 58,649
Less future financial charges 18,504 21,396 - -
Current value of minimum payments 58,713 58,649 58,713 58,649
Included in the balance sheet
Payables due to current finance leases - - 95 581
Payables for non-current financial leases - - 58,618 58,068
58,713 58,649
The financial leases are recorded under fixed assets in accordance with the applicable international
accounting standards, as shown in the table below.
Leasing included in
Tangible assets
(EUR 000)
Property Plant and
equipment
Total
NET VALUE
31.12.2011 52,344 5,817 58,161
31.12.2012 50,502 3,231 53,733