Tiscali 2013 Annual Report Download - page 149
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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
149
Other Receivables and other current assets (note 12)
(EUR 000)
31 December
2013
31 December
2012
Other receivables
132
191
Accrued income
-
-
Prepaid expense
61
1
Total
193
192
Cash and cash equivalents (note 13)
At the end of 2013, cash and cash equivalents totalled EUR 7.2 thousand and include the company’s
liquid resources, essentially held in bank current accounts. Reference should be made to the report on
operations for a detailed analysis of the financial position.
Shareholders’ equity (note 14)
EUR 000
31 December
2013
31 December
2012
Share capital
92,023
92,020
Stock option reserve
-
-
Loss coverage reserve
-
-
Other reserves
(3,468)
(3,432)
Result from previous periods
(26,677)
(23,533)
Result for the year
(778)
(3,115)
Total
61,101
61,940
Changes in the various shareholders’ equity items are detailed in the relevant table, to which reference
should be made.
The number of shares representing the Parent Company’s share capital amount to 1,861,498,780
lacking par value, compared with 1,861,494,698 shares as at 31 December last year. The increase
during the year, equating to 4,082 shares, was justified by the issues consequent to the exercise of
the Tiscali S.p.A. 2009 - 2014 warrants convertible into Tiscali shares combined with the share capital
increase in November 2009. Following these issues, the share capital as at 31 December 2013 came
to EUR 92,022,779.27.
As at 31 December 2013, in the presence of losses generated, the Company found itself in the
circumstances envisaged by Article 2446 of the Italian Civil Code. The directors will take steps to
adopt the appropriate measures.