Tiscali 2014 Annual Report Download - page 78

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
78
was acquired and until the date on which control ceases. These consolidated subsidiaries are listed
below and in the note List of subsidiaries included in the consolidation area.
On 21 January 2014, the subsidiary Tiscali Financial Services SA acquired, at a price of EUR 1 for
each share, the investment of the following German affiliated companies:
Tiscali Deutschland Gmbh (from Tiscali S.p.A);
Tiscali Business Gmbh (from Tiscali Business UK);
Tiscali Verwaltungs Gmbh (from Tiscali S.p.A);
Tiscali Gmbh (from Tiscali S.p.A).
Again in January 2014, the subsidiary Tiscali Financial Services S.A. was in turn sold by Tiscali S.p.A
to Tiscali International B.V. for a price of EUR 1 per individual share.
Company name
Registered
Offices
Investment held by
Balances as at 31 December 2014
(EUR 000s)
% direct
investment
% Group
investment
(**)
Share
Capital
Shareholders’
equity
Net
result
Tiscali S.p.A.
Italy
Parent Company
92,052
61,667
550
n.a.
n.a.
Tiscali Italia S.p.A.
Italy
Tiscali S.p.A.
18,794
3,279
(21,637)
100.0%
100.0%
Veesible S.r.l.
Italy
Tiscali Italia S.p.A.
600
1,178
692
100.0%
100.0%
Indoona S.r.l.
Italy
Tiscali Italia S.p.A.
10
4
(5)
100.0%
100.0%
Istella S.r.l.
Italy
Tiscali Italia S.p.A.
10
4
(3)
100.0%
100.0%
Tiscali Finance SA (in
liquidation) (*)
Luxemburg
Tiscali S.p.A.
125
(36)
(6)
100.0%
100.0%
Tiscali Holdings UK Ltd (*)
UK
Tiscali S.p.A.
59
(317,762)
(12,755)
100.0%
100.0%
World Online International
Nv (*)
The Netherlands
Tiscali S.p.A.
115,519
99.5%
99.5%
Tiscali International Bv (*)
The Netherlands
World Online
International Nv
115,469
616
(276,775)
100.0%
99.5%
Tiscali International Network
B.V (*)
The Netherlands
Tiscali International Bv
18
15,501
(895)
100.0%
99.5%
Tiscali Business UK Ltd (*)
UK
Tiscali International Bv
77
30
100.0%
99.5%
Tiscali Financial Services SA
(*)
Luxemburg
Tiscali S.p.A.
31
(3,972)
(146)
100.0%
99.5%
Tiscali Deutschland Gmbh (*)
Germany
Tiscali S.p.A.
555
(34,901)
(400)
100.0%
99.5%
Tiscali GmbH (*)
Germany
Tiscali Deutschland
Gmbh
26
(150,962)
(1,562)
100.0%
99.5%
Tiscali Business GmbH (*)
Germany
Tiscali Business UK
Ltd
2,046
(213,126)
(2,127)
100.0%
99.5%
Tiscali Verwaltungs Gmbh (*)
Germany
Tiscali Deutschland
Gmbh
25
(26)
(3)
100.0%
99.5%
(*) Data communicated by the companies via reporting packages for consolidation purposes as at 31 December
2014
(**) % Group investment
Business combinations and Goodwill
The acquisition of controlling interests is accounted for using the purchase method, in accordance with
IFRS 3 – (Business combinations). The cost of the acquisition is measured as the aggregate of the fair
values, at the date of the exchange, of assets, liabilities incurred or undertaken concerning the
acquired company, and the financial instruments possibly issued by the Group in exchange for control
of the acquiree, plus any costs directly attributable to the business combination.