Tiscali 2014 Annual Report Download - page 2

Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
2
Table of contents
1 Alternative performance indicators ......................................................................................................................... 4
2 Directors and Auditors .............................................................................................................................................. 5
3 Report on Operations ................................................................................................................................................ 7
3.1 Tiscali’s position within the market scenario ..........................................................................................................7
3.2 Regulatory background .............................................................................................................................................9
3.3 Tiscali shares............................................................................................................................................................12
3.4 Significant events during the financial year ..........................................................................................................14
3.5 Analysis of the Group economic, equity and financial position .........................................................................15
3.6 Analysis of the income statement, statement of financial position and cash flow statement
of Tiscali S.p.A. .......................................................................................................................................................27
3.7 Events subsequent to the end of the year ............................................................................................................30
3.8 Assessment of the business as a going-concern and future outlook ...............................................................31
4 Corporate Governance Report and Ownership Structure ................................................................................. 38
4.1 Introduction ...............................................................................................................................................................38
4.2 Corporate Governance structure ...........................................................................................................................38
4.3 Disclosure on compliance with the recommendations contained in the Code of Conduct for
Listed Companies ...................................................................................................................................................43
4.4 Internal checking relating to accounting and financial information ...................................................................54
4.5 Organisation, management and control model pursuant to Italian Legislative Decree No.
231/2001 ..................................................................................................................................................................56
4.6 Regulations for transactions with related parties ................................................................................................56
4.7 Handling of confidential information and market communications. Investor Relations ..................................56
5 Consolidated financial statements and explanatory notes ............................................................................... 59
5.1 Income statement ....................................................................................................................................................59
5.2 Statement of comprehensive income ....................................................................................................................60
5.3 Statement of financial position ...............................................................................................................................61
5.4 Cash flow statement ................................................................................................................................................62
5.5 Statement of changes in shareholders’ equity .....................................................................................................65
5.6 Income Statement pursuant to Consob Resolution No. 15519 dated 27 July 2006 ......................................66
5.7 Statement of financial position pursuant to Consob Resolution No. 15519 dated 27 July
2006 ..........................................................................................................................................................................67
5.8 Explanatory Notes ...................................................................................................................................................68
6 Tiscali S.p.A. – Accounting Statements and Explanatory Notes .................................................................... 127
6.1 Income statement ..................................................................................................................................................127
6.2 Statement of comprehensive income ..................................................................................................................128
6.3 Statement of financial position .............................................................................................................................129
6.4 Statement of changes in shareholders’ equity (EUR) .......................................................................................130
6.5 Cash flow statement ..............................................................................................................................................131
6.6 Explanatory Notes .................................................................................................................................................132
7 Glossary ................................................................................................................................................................... 178
8 Reports ..................................................................................................................................................................... 185