Tiscali 2001 Annual Report Download - page 137

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129
The increase over December 31, 2000 pertains to the take-over, in February 2001, of 40% of
the stock of Ariete Telemedia Srl, which produces Internet contents in the medical field.
The remaining 60% is held by the EDM media Group. This partnership will allow Tiscali to
strengthen its presence in the Internet content sector, and to exploit its IT resources and
penetration in the Web market to offer customers an integrated system of contents and
services on the cutting edge of the market.
In November 2001, Tiscali SpA took over from Soner Info Communication Ltd (entirely held
by Sonera Corporation) 12,500 Gilla SpA shares, making up 50% of the latter's capital.
Consequently, this Company, held at 50% as at December 31, 2000, has been reclassified
under participations in subsidiaries.
As regards Nets Broadband, we wish to point out that said Company is 10% held by Tiscali
SpA and 90% by Nets SA, which in turn is 100% held by Tiscali SpA. Thus, indirect control
brings total shareholding to 100%.
On October 10, 2001, Tiscali SpA took over 20% of Netchemya SpA, consisting of 4,550,000
shares of nominal value of EUR 1.00 each. Said Company operates in the setup and
management of broadband telecommunications networks.
Parent Company Financial Statements
BALANCE BALANCE
AFFILIATED COMPANIES 12.31.2000 INCREASES (DISPOSALS) REVAL. (DEVAL.) OTHER CHANGES 12.31.2001
Ariete Telemedia Srl 744 744
Gilla SpA 1,250 (1,250)
FreeTravel SpA 250 250
Total 1,500 744 (1,250) 994
BALANCE BALANCE
OTHER COMPANIES 12.31.2000 INCREASES (DISPOSALS) REVAL. (DEVAL.) OTHER CHANGES 12.31.2001
Crs4 126 126
Consorzio Green Management 5 5
Mix Srl 1 1
Stud Soc. Consortile 15 15
Nets Broadband SpA 9 25 34
Netchemya SpA 4,550 4,550
Total 156 4,575 4,731