Tiscali 2013 Annual Report Download - page 153

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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
153
Provisions for risks and charges (note 17)
The table below shows the changes during the period:
EUR 000
31
December
2012
Increases
Decreases
31
December
2013
Provisions for employee dispute risks and charges
542
-
(210)
332
Provision for reorganisation charges
16,831
1,091
(1,109)
16,813
Other provisions for risks and charges
6
-
-
6
Total
17,378
1,091
(1,319)
17,151
The provision for employee dispute risks and charges refers to legal disputes with third parties or
former employees furthered in previous years. The provision for reorganisation charges is attributable
to the impact on Tiscali S.p.A. of the re-allocation, in the jointly-liable companies, of the debt due to the
financial institutions of Tiscali UK Holdings Ltd.
Payables to banks and other lenders (note 18)
EUR 000
31 December
2013
31 December
2012
Payables to banks
-
76
Total
-
76
Payables to suppliers (note 19)
EUR 000
31 December 2013
31
December
2012
Trade payables to third parties
4,134
5,079
Trade payables to Group companies for materials and services
450
34
4,584
5,113
Trade payables to third party suppliers relate mainly to payables for professional consulting services.
It should be mentioned that Trade payables are due within 12 months and it is considered that their
book value is approximate to their fair value.