Tiscali 2001 Annual Report Download - page 94

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86
Financial income from "Other securities" accrued on sums invested by Tiscali International
BV and Tiscali Finance. Financial income includes active interest accruing on liquid assets.
Other financial income is referred to income accrued on swap contracts issued by Tiscali
Finance to cover the rate fluctuation risk and totals about EUR 30.4mn.
Composition of interest payable and other financial charges:
Financial charges, totalling EUR 84mn, are mainly referred to the subsidiary Tiscali Finance
SA and to Tiscali International BV for about EUR 20 and 10mn respectively, referring to
bonded loans. Remaining financial charges refer to bank overdrafts and to interest on
financial leasing operations.
Line item "Other charges" covers charges on Swap contracts for about EUR 30.7mn, offset
in the financial income section by about EUR 30.4mn.
C) FINANCIAL INCOME AND CHARGES
Analysis of financial income:
12.31.2001 12.31.2000 CHANGE
Financial charges on
Bonds 30,457 9,232 21,225
Amounts due to banks for overdrafts 788 964 (176)
Amounts due to banks for mortgages and other medium/long term loans 435 47 388
Other short-term financing 2,604 865 1,739
Trade accounts 210 (210)
Other payables 241 7,045 (6,804)
Negative exchange fluctuations 560 496 64
Other charges 49,300 627 48,673
Total 84,385 19,486 64,899
12.31.2001 12.31.2000 CHANGE
Financial income from securities registered in the working capital other
than participations from other securities
Interest 465 465
Other 19,691 19,691
Total 20,156 20,156
Income other than the above: from third parties
Bank interest receivable 29,728 5,645 24,083
Interest receivables on other short-term credit 560 55 505
Income from positive exchange fluctuations 1,737 1,737
Other financial income 35,737 4,009 31,728
Total 67,762 9,709 58,053