Tiscali 2013 Annual Report Download - page 23
Download and view the complete annual report
Please find page 23 of the 2013 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.-
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
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
 |
 |
Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
23
Liabilities
Non-current liabilities
Non-current liabilities as at 31 December 2013 amounted to EUR 64.1 million, compared with a
balance of EUR 193.8 million as at 31 December 2012 and include both the items pertaining to the
financial position, with reference to which please see the comments made further on, the provision for
risks and charges totalling EUR 1.9 million, the employee severance indemnity for EUR 5.1 million,
and payables to suppliers for the purchase of long-term rights for the use of transmission capacity
(IRU) for EUR 1.9 million.
Current liabilities
Current liabilities amounted to EUR 310.6 million as at 31 December 2013 (compared with EUR 207.3
million as at 31 December 2012) and mainly include the current portion of financial payables, the
current portion of the Sa Illetta Sale and Lease back payable, payables to suppliers, together with
accrued expenses pertaining to the purchase of access services and line rental.
In particular, it is pointed out that the liability for the GFA due to Financing Institutions was classified
under current liabilities as at 31 December 2013 due to the failure to observe the financial covenants
envisaged by the loan agreements.
Reconciliation between the Parent Company’s financial statements and consolidated financial
statements
As required by CONSOB Communication No. DEM/6064293 dated 28 July 2006, the following table
shows the reconciliation between the net profit for the period and shareholders’ equity of the Group
with the corresponding values of the Parent Company.
EUR 000
31 December 2013
Net
result
Shareholders’
equity
Shareholders’ equity and net profit (loss) of Tiscali S.p.A.
(778)
61,101
Net profit and Shareholders’ equity of consolidated companies
(8,960)
(389,372)
Book value of consolidated equity investments
0
(131,612)
Consolidation entries
4,956
307,988
Shareholders’ equity and net profit (loss) for the year pertaining to the Parent
Company
(4,782)
(151,896)
Shareholders’ equity and net profit (loss) for the year pertaining to minority
shareholders
Shareholders’ equity and net profit (loss) for the year as per the Consolidated
Financial Statements
(4,782)
(151,896)