Tiscali 2014 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 of the 2014 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
 |
 |
Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
94
interest expense on current accounts for EUR 0.8 million;
default interest expense totalling EUR 0.6 million;
interest expense for sundry payables amounting to EUR 1 million;
interest expense on financial leasing and IRU for around EUR 1.3 million;
bank charges for EUR 2.4 million.
Income taxes (note 9)
(EUR 000)
2014
2013
Current taxes
437
839
Total
(437)
(839)
The balance includes the cost of the current taxes for the year represented by IRAP (regional business
tax) and IRES (company earnings’ tax) payable by the Italian companies. The lower tax liability is due
to a minor taxable base recorded in 2014 when compared with 2013.
Operating assets disposed of and/or assets held for sale (note 10)
The “Result from operating assets disposed of and/or assets held for sale” was nil as of 31 December
2014.
Earnings (Losses) per share (note 11)
The result per share of “operating activities” was close to zero and was calculated by dividing the net
loss for the year attributable to the ordinary shareholders of the parent company, amounting to EUR
16.4 million, by the weighted average number of ordinary shares in circulation during the year, totalling
1,861,535,343.
The result per share from “operating activities and those disposed of” was close to zero and was
calculated by dividing the loss from operating activities and those disposed of, amounting to EUR 16.4
million, by the weighted average number of ordinary shares in circulation during the year.
Impairment test on assets (note 12)
In consideration of the presence of impairment indicators, an impairment test was performed on
assets, in accordance with IAS 36 and prescribed in the joint Bank of Italy / Consob / ISVAP
document.
The impairment test on assets was performed by comparing the value of assets reported at 31
December 2014 and their utilization value, determined based on the following essential elements.
(i) Definition of Cash Generating Units
The Group identified the Cash Generating Units with the segments set forth in the
segment reporting. The impairment test on assets was performed with respect to the Cash
Generating Units identified;
(ii) Criteria for estimating the recoverable amount