Tiscali 2014 Annual Report Download - page 108

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
108
In relation to the “Sales & Lease Back” financial payable on the Sa Illetta property, you are hereby
informed that the recognition in the financial statements reflects the debt repayment plan outstanding.
Assets under financial leases are recorded under fixed assets in accordance with the applicable
international accounting standards, as shown in the table below.
(EUR 000)
Minimum payments due
Current value of minimum
payments due
31
31
31
31
December
2014
December
2013
December
2014
December
2013
Less than 1 year
14,314
7,101
10,464
4,208
Between 1 and 5 years
37,424
38,291
28,369
27,756
More than 5 years
20,563
28,136
19,606
25,986
Total
72,301
73,527
58,439
57,950
Less future financial charges
13,862
15,577
-
-
Current value of minimum payments
58,439
57,950
58,439
57,950
Included in the statement of financial position
Payables due to current finance leases
10,464
4,208
Payables for non-current financial leases
47,975
53,742
-
-
58,439
57,950
Assets under financial leases are recorded under fixed assets in accordance with the applicable
international accounting standards, as shown in the table below.
Leasing included in
Properties
Plant and
machinery
Other assets
Total
Tangible assets
(EUR 000)
NET VALUE
31 December 2013
48,660
1,348
50,008
31 December 2014
46,818
688
47,506