Tiscali 2001 Annual Report Download - page 143

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135
LIABILITIES
A) SHAREHOLDERS' EQUITY
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
The schedule below provides a summary of changes in the shareholders' equity accounts
for the period.
As of December 31, 2000 the Company's share capital was EUR 179,208,829 consisting of
358,417,658 ordinary shares with nominal value of EUR 0.50 each.
On July 16, 2001, the Company's general meeting, in extraordinary session, voted a non-
onerous increase in Company capital through the utilisation of the "Share premium
reserve" in the amount of EUR 188,303,556, with immediate effect for the portion
regarding capital underwritten and paid up as at that date (i.e. for EUR 169,650,443). The
remaining portion (EUR 18,653,113) is subject to capital increase resolutions still under
way. For this purpose, an unavailable reserve has been set up and posted under the same
line item.
At the same time, the meeting voted for the conversion of Company capital into EUR
currency. During said extraordinary general meeting a motion was passed for covering
losses referred to FYs 1999 and 2000 in the amount of EUR 106,538,495 by means of
utilisation of the "Share premium reserve" in the amount of EUR 106,538,495.
Other increases in Company capital and share premium reserve which occurred during the
FY under consideration came about as a result of take-over operations by means of share
transfers. During the course of the FY, a total of 53,791,576 shares was issued, of which
38,216,038 at the nominal value preceding the increase in value of the shares (ITL 10) for a
nominal value of EUR 197,370, subsequently aligned by means of the non-onerous
increase in Company capital already underwritten, and 15,575,508 at the new value, for a
nominal amount of EUR 7,787,754.
At the same time, the "Share premium reserve" showed an increase of EUR 546,518,919.
Parent Company Financial Statements
BALANCE ALLOCATION OTHER BALANCE BALANCE
12.31.2000 OF EARNINGS DIVIDENDS CHANGES SHEET RESULT 12.31.2001
Share capital 1,573 177,636 179,209
Share premium reserve 2,392,340 262,624 2,654,963
Other reserves
Retained earnings (losses) (5,536) (101,002) 106,538
Net profit (loss) for the year (101,002) 101,002 (1,041,208) (1,041,208)
Total 2,287,375 546,798 (1,041,208) 1,792,964