Tiscali 2001 Annual Report Download - page 145

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137
SHARE CAPITAL COMPOSITION
(No. of shares in thousands)
B) RESERVES FOR RISKS AND FUTURE LIABILITIES
Reserves for risks and future liabilities are detailed below:
Increase in the line item "Reserve for risks & future liabilities" is due, for EUR 14.2mn to
the cautionary allocation to cover losses borne during the FY by the directly owned Group
Companies and the consequent commitment to re-balancing taken on by the Company, for
EUR 1mn to cover the compensation paid by the Sonera Company at the time of transfer of
its stake in the Gilla SpA Company of which Tiscali already owned 50%. This amount was
paid under the heading of participation in future liabilities, to cover any losses.
During this FY, the reserve for risks and future payables was utilised in the amount of EUR
1.9mn to meet premium operations described in the Notes to the Financial Statements of
December 31, 2000. On the other hand, the sum of EUR 3mn, set aside for the same
reason, was eliminated, generating a positive extraordinary line item, because the risk
situation it was budgeted to meet did not occur.
Parent Company Financial Statements
Nominal value of each share EUR 0,50
Category 12.31.2000 INCREASE (DECREASE) 12.31.2001
Ordinary shares 304,626,082 53,791,576 358,417,658
Total 304,626,082 53,791,576 358,417,658
BALANCE OTHER BALANCE
12.31.2000 PROVISIONS (UTILIZATION) MOVEMENTS 12.31.2001
Provision for exchange fluctuation losses 129 129
Reserves for risks and future liabilities 12,490 15,243 (4,859) 22,873
Total 12,490 15,372 (4,859) 23,002