Tiscali 2013 Annual Report Download - page 22
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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
22
Equity and financial position
CONSOLIDATED BALANCE SHEET (in abridged form)
31 December
2013
31 December 2012
Restated*
(EUR mln)
Non-current assets
163.4
177.7
Current assets
59.3
76.3
Total Assets
222.7
254.0
Group shareholders’ equity
(151.9)
(147.2)
Shareholders’ equity pertaining to minority shareholders
0.0
0.0
Total Shareholders’ equity
(151.9)
(147.2)
Non-current liabilities
64.1
193.8
Current liabilities
310.5
207.3
Total Liabilities and Shareholders’ equity
222.7
254.0
(*) The figures as at 31 December 2012 have been recalculated so as to assimilate the effect of the application,
as from 1 January 2013 (retrospectively), the new revised IAS 19 accounting standard (employee benefits); for
further details please see the section “Form and content of the accounting statements”.
Assets
Non-current assets
Non-current assets at 31 December 2013 amounted in total to EUR 163.4 million (EUR 177.7 million
at 31 December 2012). The net change is attributable to the amortisation and depreciation charge on
tangible and intangible fixed assets during 2013. Investments, amounting to around EUR 24.8 million,
essentially refer to the extension and development of the network, IT services and the connection and
activation of new ADSL customers, as well as the purchase of machinery for the new Istella and
Indoona projects.
Current assets
Current assets at 31 December 2013 amounted in total to EUR 59.3 million (EUR 76.3 million at 31
December 2012). The reduction is mainly attributable to the decrease in net receivables due from
customers for around EUR 15.2 million.