Tiscali 2014 Annual Report Download - page 30
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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
30
Reconciliation between the Parent Company’s financial statements and consolidated financial
statements
As required by CONSOB Communication No. DEM/6064293 dated 28 July 2006, the following table
shows the reconciliation between the net profit for the period and shareholders’ equity of the Group
with the corresponding values of the Parent Company.
EUR 000
31 December 2014
Net
result
Shareholders’
equity
Shareholders’ equity and net profit (loss) of Tiscali S.p.A.
550
61,667
Net profit and Shareholders’ equity of consolidated companies
(315,540)
(700,204)
Book value of consolidated equity investments and consolidation entries
298,556
469,719
Shareholders’ equity and net profit (loss) for the year pertaining to the
Parent Company
(16,434)
(168,818)
Shareholders’ equity and net profit (loss) for the year pertaining to minority
shareholders
-
-
Shareholders’ equity and net profit (loss) for the year as per the
Consolidated Financial Statements
(16,434)
(168,818)
3.7 Events subsequent to the end of the year
Authorisation granted by Tiscali’s shareholders’ meeting to the Board of Directors for the Share Capital
Increase
In accordance with the Restructuring Agreements and the SEF Agreement, on 30 January 2015,
Tiscali’s extraordinary shareholders’ meeting granted the Company’s Board of Directors authority to
increase the share capital, in tranches, by means of the issue of a maximum of 1,000,000,000 ordinary
shares of the Company with exclusion of the purchase option pursuant to Article 2441.5 of the Italian
Civil Code.
Approval of the Share Capital Increase by Tiscali’s Board of Directors
On 16 February 2015, Tiscali’s Board of Directors approved the Share Capital Increase transaction
reserved for Société Générale in accordance with the SEF Agreement.
Tender for the supply of connectivity services to the Public Administration Authorities (BTB Services)
In relation to the Consip Tender, as already mentioned, on 17 February 2015 CONSIP informed the
Group that, in consideration of the acceptances received, on the basis of the tender mechanism,
Tiscali shall have to carry out the services for a portion of the supply equal to 60% of the overall
maximum amount, while the other two companies who have accepted will be awarded 20% each. As