Tiscali 2001 Annual Report Download - page 138

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130
ADDITIONAL INFORMATION
Investments in Group Companies
In the framework of the overall Group reorganisation under way, which has entailed the
reassessment of participation book values in order to adapt them to changed market
conditions, as detailed above, we believe that residual value of long-term investments,
even if exceeding the reference equity quota, provides a fair picture of the sector's
development potential.
With regards to Company STS Srl a situation of control is determined in practical terms,
since the President and CEO, as well as being majority shareholder of Tiscali SpA, holds a
further 10% of the same Company.
SHARE SHAREHOLDERS' % CARRYING
COMPANY NAME HEAD OFFICE CAPITAL EQUITY PROFIT (LOSS) HELD VALUE
Best Engineering SpA Turin 775 728 (87) 60.00% 1,290
CD Telekomunikace sro Prague 19 (106) 541 100.00% 13,807
Energy Byte SpA Milan 950 132 (370) 55.00% 523
Excite Italia BV Amsterdam 75 14,752 (2,418) 70.00% 27,000
Gilla SpA Cagliari 2,500 (166) (1,954) 100.00%
Guglielmo GmbH Cologne 60,000 61,336 1,336 100.00% 4,193
Ideare SpA Pisa 516 3,071 255 60.00% 2,998
Informedia Srl Rome 52 (99) (176) 95% (***) 258
Liberty Surf Group SA Paris 75,280 249,257 (363,013) 94.50% 518,929
Motorcity SpA Cagliari 100 206 (3) 60.00% 500
Nets SA Paris (*) 11.284 (*) (4.526) (*) (11.705) 100.00% 14,615
Quinary SpA Milan 1,281 1,372 (51) 70.00% 5,914
STS Srl Rome 100 813 250 50.00% 3,228
SurfEU.com Ltd being wound up Bermuda 3,918 12,448 8,530 100.00% 8,565
Tiscali Belgium Holding SA being wound up Brussels 62 (46,989) (47,051) 92.00%
Tiscali Datacomm AG (ex Datacomm AG) Basel 16,934 7,908 (5,159) 80.00% 28,382
Tiscali Finance SA Brussels 125 (8,734) (6,147) 100.00% 125
Tiscali Reseaux SA (ex Tiscali France SA) Marseilles 923 (5) 9,561 100.00% 5,000
Tiscali Deutschland GmbH (ex Nikoma) Hamburg (*) 631 (*) (36.181) (*) (33.813) 100.00% 53,166
Tiscali Telecomunicaciones SA Madrid 2,100 (883) (2,322) 99.99% 125
World Online International NV Maarsen (NL) (*) 119.404 (*) 1.056.172 (*) (436.512) 99.49% 1,409,034
Andaledda SpA Cagliari 103 91 (5) 85.00% 88
Tiscali Czech Republic sro Prague 31 (405) (80) 100.00% 39
Connect Software Inc S.Francisco (USA) (* *) 54 (* *) (26) (* *) (52) 100.00% 1,027
Tiscali Armament Sarl Paris (* *) 8 (* *) (89) (* *) (96) 100.00% 892
Total 2,099,698
(*) Data pertaining to sub-consolidated Companies
(**) Data referring to the updated accounting situation, since the FY Financial statements have not been approved as yet
(***) The remaining 5% is held by Andaledda Spa