Tiscali 2014 Annual Report Download - page 97

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
97
The item “Broadband service activation costs”, equalling EUR 20.6 million, increased EUR 11.6
million, in relation to the acquisition and activation costs of customers concerning the ADSL service.
“Other intangible fixed assets”, amounting to EUR 1 million include investments relating to the
activation of the bitstream ethernet network for EUR 0.5 million.
“Intangible assets in course of construction and prepayments” amounted to EUR 1.6 million and
include software development projects not yet completed at 31 December 2014.
Properties, plant and machinery (note 14)
Changes during the financial year are shown in the following table:
Tangible assets
Properties
Plant and
machinery
Other
tangible
assets
Tangible
assets in
course of
construction
Total
(EUR 000)
HISTORIC COST
1 January 2014
64,260
266,840
5,162
809
337,071
Increases
2,623
251
1,241
4,115
Other changes
Reclassifications
92
(410)
(318)
31 December 2014
64,260
269,556
5,413
1,639
340,868
ACCUMULATED DEPRECIATION
1 January 2014
15,595
232,885
3,657
252,137
Increases in depreciation
1,868
9,478
277
11,624
Other changes
Reclassifications
31 December 2014
17,463
242,363
3,935
263,761
NET VALUE
31 December 2013
48,665
33,956
1,504
809
84,934
31 December 2014
46,797
27,193
1,478
1,639
77,107
The tangible fixed assets mainly concern the operating subsidiary Tiscali Italia S.p.A. and are
analysed as follows.
The item “Properties”, amounting to EUR 46.8 million, mainly relates to the Cagliari headquarters (Sa
Illetta), which was subject to a Sale & Lease back financial transaction in 2007.