Tiscali 2008 Annual Report Download - page 132
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Equity investments (note 12)
At 31 December 2008, this item comprised equity investments in
subsidiaries for a total of EUR 236 million.
Equity investments - Changes during the year
The tables below provide a detailed breakdown of the balances
and changes during the year.
The table below indicates the changes during the year for each
equity investment.
Disposals during the year concerned the equity investment in the
company Quinary S.p.A. which took place in November 2008 to
the company Linklab S.r.l. for a total of EUR 0.05 million. The
disposal of the same generated a capital loss of EUR 0.25 million.
As indicated in the table contained in note 7.5.7 (Payroll and related
costs), the figurative component linked to the Stock Option plans
outstanding assigned to managers who are employees of the Group
TISCALI S.P.A. – FINANCIAL STATEMENTS AND EXPLANATORY NOTES
131
SUBSIDIARIES 31.12.2008 31.12.2007
EUR (000) Cost Reval/(write-down) Book value Cost Reval/(write-down) Book value
Connect Software Inc. - - - 1,027 (1,027) -
Energy Byte S.r.l. in liquidazione 677 (677) - 677 (677) -
Quinary S.p.A. - - - 30,773 (30,416) 357
Tiscali Czech Republic a.s. - - - 39 (39) -
Tiscali Deutschland Gmbh 283,475 (283,475) - 283,475 (283,475) -
Tiscali Finance SA 125 (125) - 125 (125) -
Tiscali Italia S.p.A. 111,817 - 111,817 55,439 - 55,439
Tiscali Motoring S.r.l. in liquidazione 500 (500) - 500 (500) -
World Online International N.V. 1,811,995 (1,689,390) 122,605 1,811,994 (735,724) 1,076,270
Tiscali Int.l Network S.p.A. 1,391 (119) 1,272 1,306 - 1,306
Tiscali Financial Services Sa 31 - 31 31 - 31
2,210,011 (1,974,286) 235,725 2,185,387 (1,051,984) 1,133,403
ASSOCIATED COMPANIES 31.12.2008 31.12.2007
EUR (000) Cost Reval/(write-down) Book value Cost Reval/(write-down) Book value
STS Studi Tecnologie e Sistemi S.r.l. 1,291 (1,272) 19 1,291 (811) 480
1,291 (1,272) 19 1,291 (811) 480
SUBSIDIARIES Balance Increases (Disposals) Reval/ Other Balance
EUR (000) 31.12.2007 (write-down) changes 31.12.2008
Connect Software Inc. - - - - - -
Energy Byte S.r.l. in liquidazione - - - - - -
Quinary S.p.A. 357 1,160 (751) (766) -
Tiscali Czech Republic a.s. - - - - - -
Tiscali Deutschland Gmbh - - - - - -
Tiscali Finance SA - - - - - -
Tiscali Italia S.p.A. 55,439 56,378 - - - 111,817
Tiscali Motoring S.r.l .
in liquidazione
- - - - - -
World Online International N.V. 1,076,270 - - (953,665) - 122,605
Tiscali Int.l Network S.p.A. 1,306 85 - (119) - 1,272
Tiscali Financial Services Sa 31 - - - 31
1,133,403 57,623 (751) (954,550) - 235,725