Tiscali 2008 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2008 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 173

  • 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

31.12.2008 31.12.2007
FINANCIAL ACTIVITIES
Repayments of loans (150,000) (625,230)
New loans obtained -940,000
Interest paid (including upfront fees) (51,144) (85,943)
Interest received 4,133 4,443
Increase (decrease) in bank overdrafts (short-term banks) 37,884 -
Change in financial liabilities (leasing) (24,971) 70,748
Change in medium-term financial liabilities 658 -
Increases in capital and share premium reserve 145,314 -
Purchase of own shares (6,187) -
Minority interests (28,365) 18,427
Payments for share issue costs and convertible bond issues -(2,250)
Payments for debt issue costs -(14,342)
CASH FLOWS GEENRATED BY/USED IN FINANCAL ACTIVITIES (72,679) 305,853
Assets held for sale --
Liabilities held for sale --
Result from assets disposed of and held for sale --
CASH FLOWS FROM ASSETS DISPOSED OF/ AVAILABLE FOR SALE --
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (93,972) 125,378
Cash and cash equivalents of operating assets at the beginning of the year 129,822 3,824
Cash and cash equivalents of assets disposed of and destined to be disposed of at the beginning of the year 4,409 5,029
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 134,231 8,853
Effect of changes in foreign currency exchange rates (11,649)
Cash Flow generated from discontinued operations:
Cash Flow generated from operating activities
(18,235)
-
Cash Flow generated from investing activities
4,460
-
Cash Flow generated from financing activities
10,800
-
Net Cash Flow discontinuing operations
(2,975)
-
Cash and cash equivalents of operating assets at the end of the financial year 24,202 134.231
Cash and cash equivalents of assets disposed of and destined to be disposed of at the end of the year 1,435 -
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 25,636 134,231
EUR (000)
59
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES