Tiscali 2014 Annual Report Download - page 158

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
158
Provisions for risks and charges (note 17)
The table below shows the changes during the period:
EUR 000
31
December
2013
Increases
Decreases
31
December
2014
Provisions for employee dispute risks and charges
332
-
-
332
Provision for reorganisation charges
16,813
1,198
-
18,011
Other provisions for risks and charges
6
-
-
6
Total
17,151
1,198
-
18,349
The provision for employee dispute risks and charges refers to legal disputes with third parties or
former employees furthered in previous years. The provision for reorganisation charges is attributable
to the impact on Tiscali S.p.A., as jointly-liable company, of the payable due to the financial institutions
of Tiscali UK Holdings Ltd.
Payables to banks and other lenders (note 18)
EUR 000
31 December
2014
31 December
2013
Payables to banks
-
-
Total
-
-
Payables to suppliers (note 19)
EUR 000
31 December 2014
31
December
2013
Trade payables to third parties
3,729
4,134
Trade payables to Group companies for materials and services
161
450
3,889
4,584
Trade payables to third party suppliers relate mainly to payables for professional consulting services.
It should be mentioned that Trade payables are due within 12 months and it is considered that their
book value is approximate to their fair value.