Tiscali 2013 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2013 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 194

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194

Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
102
Provisions for risks and charges (note 27)
(EUR 000)
31 December
2012
Provisions
Utilisation
31 December
2013
Provisions for risks and charges
2,458
1,958
(2,553)
1,863
Total
2,458
1,958
(2,553)
1,863
The provision for risks and charges as at 31 December 2013 essentially includes provisions for
disputes with employees.
The provision for the year, amounting to EUR 2 million, includes EUR 1.8 million relating to the
provision for the settlement of a prior dispute pertaining to the subsidiary World On Line BV and the
charges for the winding up of the Dutch companies for EUR 0.2 million.
Current financial liabilities (note 28)
(EUR 000)
31 December 2013
31 December 2012
Payables to banks
143,730
15,869
Payables for financial leases (short-term)
4,208
95
Total
147,938
15,964
Payables to banks and to other lenders
The item “Payables to banks”, amounting to around EUR 143.7 million, essentially includes bank debts
owed by the Italian subsidiary Tiscali Italia S.p.A. (EUR 11.9 million) and Tiscali UK Holding for EUR
131.8 million (entire amount of the Senior loan, see note 24 for details).
Payables for financial leases
Payables for financial leases, amounting to EUR 4.2 million, refer to the short-term portion of payables
due to leasing companies for financial lease agreements. For further details, see note 24.
Payables to suppliers (note 29)
(EUR 000)
31 December 2013
31 December 2012
Payables to suppliers
94,001
128,633
Total
94,001
128,633
Payables to suppliers, which disclose a considerable decrease with respect to last year, refer to trade
payables for the supply of telephone traffic, data traffic, materials, technology and services of a
commercial nature.