Tiscali 2014 Annual Report Download - page 149

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
149
Equity investment (note 9)
At 31 December 2014, this item included equity investments in subsidiaries, for a total of EUR 136
million.
SUBSIDIARIES
31 December 2014
31 December 2013
(EUR 000)
Cost
Revaluations/
(Write-
downs)
Book
value
Cost
Revaluations/
(Write-downs)
Book
value
Tiscali Deutschland Gmbh
-
-
-
283,475
(283,475)
-
Tiscali Finance SA
22,218
(22,218)
-
22,218
(22,218)
-
Tiscali Italia S.p.A.
136,170
-
136,170
130,956
-
130,956
World Online International N.V.
1,811,994
(1,811,994)
-
1,811,994
(1,811,994)
-
Tiscali Financial Services Sa
-
-
-
31
-
31
Tiscali UK Holdings Ltd
-
-
-
-
-
-
1,970,382
(1,834,213)
136,170
2,248,674
(2,117,687)
130,987
The table below indicates movements in the period.
SUBSIDIARIES
Balance
Increases
(Disposals)
Revaluations/
(Write-
downs)
Other
changes
Balance
(EUR 000)
31 Dec.
2013
31 Dec.
2014
Tiscali Deutschland Gmbh
-
-
-
-
-
-
Tiscali Finance SA
-
-
-
-
-
-
Tiscali Italia S.p.A.
130,956
5,214
-
-
-
136,170
World Online International N.V.
-
-
-
-
-
-
Tiscali Financial Services Sa
31
-
(31)
-
-
-
Tiscali UK Holdings Ltd
-
-
-
-
-
-
130,987
5,214
(31)
-
-
136,170
The increase in the value of the equity investment in Tiscali Italia S.p.A. amounting to EUR 5.2 million
refers to the waiver of the amount receivable due from the same subsidiary for the entire amount while
the decrease in the value of the equity investment in Tiscali Financial Services Sa refers to the sale of
the same to the subsidiary Tiscali International B.V. in January 2014.