Tiscali 2014 Annual Report Download - page 101

Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
101
Other Receivables and other Current Assets (note 19)
(EUR 000)
31 December 2014
31 December 2013
Other receivables
1,773
276
Accrued income
53
53
Prepaid expense
8,692
9,799
Total
10,518
10,128
Other Receivables, amounting to about EUR 1.7 million, include amounts due from the tax authorities
for EUR 0.5 million, receivables for insurance compensation (EUR 0.3 million), amounts due for the
issue of an escrow inherent to the sale of Tinet S.p.A. (EUR 0.5 million), advances to suppliers for
EUR 0.2 million, and amounts due for operating grants related to Tiscali Italia S.p.A. for EUR 0.2
million.
Accrued income (EUR 0.1 million) mainly relates to portions of revenues for the sale of ADSL services
pertaining to the period but not yet invoiced.
Prepaid expenses, whose balance comes to EUR 8.7 million, include costs already incurred and
pertaining to the following years, mainly associated with multi-year line rental contracts, hardware and
software maintenance costs, insurance and advertising costs.
Other current financial assets (note 20)
(EUR 000)
31 December 2014
31 December 2013
Guarantee deposits
60
-
Other receivables
102
97
Total
162
97
Cash and cash equivalents (note 21)
Cash and cash equivalents at 31 December 2014 amounted to EUR 4.8 million and include the
Group’s cash, essentially held in bank current accounts. There are no restricted deposits. For greater
details, please refer to the cash flow statement.
Shareholders’ equity (note 22)
(EUR 000)
31 December 2014
31 December 2013
Share capital
92,052
92,023
Accumulated losses and other reserves
(244,437)
(239,136)
Result for the period
(16,434)
(4,782)
Total Shareholders’ equity
(168,818)
(151,896)
Changes in the various shareholders’ equity items are detailed in the relevant table.