Tiscali 2013 Annual Report Download - page 2

Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
2
Table of contents
1 Alternative performance indicators ......................................................................................................................... 4
2 Directors and Auditors .............................................................................................................................................. 5
3 Report on operations ................................................................................................................................................. 7
3.1 Tiscali’s position within the market scenario ..........................................................................................................7
3.2 Regulatory background .............................................................................................................................................9
3.3 Tiscali shares............................................................................................................................................................11
3.4 Significant events during the financial year ..........................................................................................................13
3.5 Analysis of the Group economic, equity and financial position .........................................................................14
3.6 Events subsequent to the end of the year ............................................................................................................25
3.7 OutlookEvaluation of the company as a going-concern and future outlookErrore. Il segnalibro non è definito.
4 Corporate Governance Report and Ownership Structure ................................................................................. 32
4.1 Foreword ...................................................................................................................................................................32
4.2 Corporate Governance structure ...........................................................................................................................32
4.3 Disclosure on compliance with the recommendations contained in the Code of Conduct for
Listed Companies ...................................................................................................................................................36
4.4 Internal checking relating to accounting and financial information ...................................................................47
4.5 Organisation, management and control model pursuant to Italian Legislative Decree No.
231/2001 ..................................................................................................................................................................49
4.6 Regulations for transactions with related parties ................................................................................................49
4.7 Handling of confidential information and market communications. Investor Relations ..................................49
5 Consolidated financial statements and explanatory notes ............................................................................... 52
5.1 Income statement ....................................................................................................................................................52
5.2 Statement of comprehensive income ....................................................................................................................53
5.3 Statement of financial position ...............................................................................................................................54
5.4 Cash flow statement ................................................................................................................................................55
5.5 Statement of changes in shareholders’ equity .....................................................................................................57
5.6 Income statement pursuant to Consob Resolution No. 15519 dated 27 July 2006 .......................................58
5.7 Balance sheet pursuant to Consob Resolution No. 15519 dated 27 July 2006 ..............................................59
5.8 Explanatory notes ....................................................................................................................................................60
5.9 OutlookEvaluation of the company as a going-concern and future outlookErrore. Il segnalibro non è definito.
6 Tiscali S.p.A. – 2013 Financial statements ......................................................................................................... 118
6.1 Analysis of the income statement, balance sheet and cash flow statement for Tiscali S.p.A. ...................118
6.2 Balance sheet and cash flow statement .............................................................................................................119
7 Tiscali S.p.A. – Accounting Statements and Explanatory Notes .................................................................... 122
7.1 Income statement ..................................................................................................................................................122
7.2 Statement of comprehensive income ..................................................................................................................123
7.3 Statement of financial position .............................................................................................................................124
7.4 Statement of changes in shareholders’ equity (EUR) .......................................................................................125
7.5 Cash flow statement ..............................................................................................................................................126
7.6 Notes to the financial statements ........................................................................................................................127
8 Glossary ................................................................................................................................................................... 171
9 Reports ..................................................................................................................................................................... 178