Tiscali 2013 Annual Report Download - page 112
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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
112
Dealings with other related parties
During the year, the Tiscali Group had a number of dealings with related parties, under conditions
considered normal on the respective reference markets, taking into account the characteristics of the
goods and services provided.
The table below summarises the balance sheet and income statement values recorded in the Tiscali
Group’s consolidated financial statements at 31 December 2013 arising from transactions with related
parties.
The most significant balances, at 31 December 2013, summarized by supplier of the services, are as
follows:
INCOME STATEMENT VALUES
Notes
2013
2012
(EUR 000)
Studio Racugno
1
(72)
(78)
Nuova Iniziativa Editoriale S.p.A.
2
(222)
(605)
TOTAL SUPPLIERS OF MATERIALS AND SERVICES
(294)
(683)
TOTAL
(294)
(683)
BALANCE SHEET VALUES
Notes
31 December
2013
31 December
2012
(EUR 000)
Studio Racugno
1
(36)
(48)
Nuova Iniziativa Editoriale S.p.A.
2
(114)
(329)
TOTAL SUPPLIERS OF MATERIALS AND SERVICES
(150)
(377)
TOTAL
(150)
(377)
(1) Studio Racugno: the director Gabriele Racugno, member of Tiscali S.p.A.’s Board of Directors, since 21
December 2009, provides Tiscali Italia S.p.A. with legal and out-of-court assistance.
(2) Nuova Iniziativa Editoriali S.p.A.: investee company of the majority shareholder, Renato Soru; the dealings
refer to an advertising concession and the provision of telecommunications services. It should be mentioned that
the investment held by Renato Soru was in the name of Gabriele Racugno by virtue of a deed of trust. The latter
was appointed member of the Board of Directors of Tiscali S.p.A. from 21 December 2009 to January 2010.
Remuneration of the directors, statutory auditors and executives with strategic responsibility
The remuneration due to the directors and statutory auditors of Tiscali S.p.A. and Tiscali Italia S.p.A. in
2013 in relation to the performance of their functions, in the parent company and other consolidated
subsidiaries, is presented below:
(EUR 000)
2013
2012
Directors
721
723
Statutory Auditors
206
207
Total remuneration
927
930