Tiscali 2001 Annual Report Download - page 154

Download and view the complete annual report

Please find page 154 of the 2001 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 174

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

146
Costs invoiced by Tiscali International BV refer in the main to the reversal of expenditure
for services and personnel working in the offices of the Parent Company.
The costs of Energy Byte, Excite Italia, Tiscali Telecomunicaciones and part (approximately
EUR 0.3mn) of costs invoiced by Motorcity are advertising costs.
The remaining costs invoiced by Motorcity (approximately EUR 1.4mn) cover the unification
and updating of portals throughout Europe.
COSTS FOR USE OF THIRD PARTY ASSETS
The increase compared to the previous FY is explained by investment activity which took
place during the FY by recourse to leasing.
PERSONNEL COSTS
The increase reflects the important growth of personnel which passed from 601 staff
members on December 31, 2000 to 731 on December 31, 2001, also because holding
activities are performed within the Parent Company.
OTHER OPERATING EXPENSES
12.31.2001 12.31.2000 CHANGE
Financial and operating leasing fees 13,987 8,585 5,402
Rentals 1,525 1,149 376
Other 328 328
Total 15,840 9,734 6,106
12.31.2001 12.31.2000 CHANGE
Wages and salaries 16,129 9,962 6,167
Social contributions 1,914 965 949
Staff severance indemnity 1,148 608 540
Other costs 35 27 8
Total 19,226 11,562 7,664
12.31.2001 12.31.2000 CHANGE
Government concessions and telecommunications licenses 461 236 225
Taxes other than income tax 54 95 (41)
Magazines and newspaper subscriptions 24 60 (36)
Other non-extraordinary contingent liabilities 986 986
Losses on receivables not covered by the risk fund 1 1
Other minor charges 66 348 (282)
Total 1,592 739 853