Tiscali 2014 Annual Report Download - page 93
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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
93
Write-downs of receivables from customers (note 6)
(EUR 000)
2014
2013
Write-downs of receivables from customers
10,285
14,636
Total
10,285
14,636
Please refer to the note “Receivables from customers” for further details.
Restructuring costs and other write-downs (note 7)
(EUR 000)
2014
2013
Restructuring costs and other write-downs
2,679
3,366
Total
2,679
3,366
The item “restructuring costs and other write-downs” mainly refers to provisions for charges relating to
final tax assessments during the year for a total of EUR 2.4 million.
Net financial income (charges) (note 8)
A breakdown of net financial income (charges) for the year, presenting a negative balance of EUR
15.7 million, is provided below.
(EUR 000)
2014
2013
Financial income
Interest on bank deposits
32
18
Other financial income
90
153
Total
122
171
Financial charges
Interest and other charges due to banks
10,494
9,230
Other financial charges
5,350
4,168
Total
15,845
13,398
Net financial income (charges)
(15,723)
(13,226)
The item Financial charges amounting to around EUR 15.7 million mainly includes the following
elements:
interest expense, relating to the loan from Senior Lenders (“Group Facility Agreement”)
amounting to EUR 9.6 million;