Capital/Financing Update • Jun 30, 2015
Capital/Financing Update
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| Informazione Regolamentata n. 0260-41-2015 |
Data/Ora Ricezione 30 Giugno 2015 18:03:05 |
MTA | |||
|---|---|---|---|---|---|
| Societa' | : | TISCALI | |||
| Identificativo Informazione Regolamentata |
: | 60374 | |||
| Nome utilizzatore | : | TISCALIN01 - Nonnis | |||
| Tipologia | : | IRAG 05 | |||
| Data/Ora Ricezione | : | 30 Giugno 2015 18:03:05 | |||
| Data/Ora Inizio Diffusione presunta |
: | 30 Giugno 2015 19:30:00 | |||
| Oggetto | : | Information for the market pursuant to Art. 114, paragraph 5 of Law Decree 58/98 |
|||
| Testo del comunicato |
Information for the market pursuant to Art. 114, paragraph 5 of Law Decree 58/98
Cagliari 30th June 2015
In compliance with Consob's request sent to the Company on 14th July 2009, pursuant to Article 114, comma 5, of Law Decree N. 58/98 the Company provides to the market the following information on the Tiscali Group, referred to 31 st May 2015.
| EUR (000) | Note | Tiscali Group 31 May 2015 |
of which: Tiscali S.p.A. 31 May 2015 |
|---|---|---|---|
| A. Cash | 4.032 | 44 | |
| B. Other cash equivalents | - | - | |
| C. Securities held for trading | - | - | |
| D. Cash and cash equivalents (A) + (B) + (C) | 4.032 | 44 | |
| E. Current financial receivables | 20 | - | |
| F. Non-current financial receivables | - | ||
| G. Current bank payables | (1) | 12.951 | - |
| H. Current portion of non-current debt | (2) | 54.113 | - |
| I. Other current financial payables | (3) | 12.930 | - |
| J. Current financial debt (G) + (H) + (I) | 79.994 | - | |
| K. Net current financial debt (J) - (E) - (D) - (F) | 75.942 | (44) | |
| L. Non-current bank payables | (4) | 76.404 | - |
| M. Bonds issued | - | - | |
| N. Other non-current payables | (5) | 46.021 | - |
| O. Non-current financial debt (N) + (L) + (M) | 122.426 | - | |
| P. Net financial debt (K) + (O) | 198.367 | (44) |
Investor Relations Gianluca Nonnis
Ph. +39 070 4601207 - [email protected]
Press Office Image Building Simona Vecchies Ph: +39 02 89 01 13 00 – [email protected] Tiscali S.p.A. Sa Illetta 09122 Cagliari Italy
www.tiscali.it
On 31st May 2015, overdue trade payables, net of payment plans negotiated with suppliers, amounted to EUR 36.8 million. There were also overdue tax debts for approximately EUR 15 million. There were no overdue debts towards the employees.
As of 31st May 2015, there were solicitations for payment only within the ordinary course of business. On that date the injunctions for payment received by the Company and not paid off because still in negotiation or opposition, amounted to a total of EUR 1.4 million, while the total orders received amounted to EUR 1.5 million.
There have been no suspensions of supply relationships which affected the course of business.
The Tiscali Group holds relationships with related parties on terms deemed customary in the respective reference markets, taking into account the characteristics of goods and services provided.
In the table below are summarised the economic and asset values for the Group Tiscali as of 31st May 2015 arising from transactions with related parties.
| INCOME STATEMENT VALUES EUR (000) |
Note | Tiscali Group 31 May 2015 |
Of which: Tiscali S.p.A. 31 May 2015 |
|---|---|---|---|
| Studio Racugno | 1 | (30.0) | - |
| Monteverdi s.r.l. | 2 | (15.0) | - |
| TOTAL | (45.0) | - | |
| BALANCE SHEET VALUES | Note | Tiscali Group 31 May 2015 |
Of which: Tiscali S.p.A. 31 May 2015 |
| EUR (000) | |||
| Studio Racugno. | 1 | (41.6) | - |
| Monteverdi s.r.l. | 2 | - | - |
| TOTAL RECEIVABLES | (41.6) | - |
Investor Relations
Gianluca Nonnis Ph. +39 070 4601207 - [email protected]
Image Building Simona Vecchies Ph: +39 02 89 01 13 00 – [email protected] Tiscali S.p.A. Sa Illetta 09122 Cagliari Italy
www.tiscali.it
It should be noted that Nuove Iniziative Imprenditoriali S.p.A. no longer meets the definition of a related party pursuant to IAS 24.
I, the undersigned Pasquale Lionetti, executive in charge of drawing up the Company's accounting documents for Tiscali S.p.A., certify that pursuant to art. 154-bis, subsection 2, of the Legislative Decree 58/98, as subsequently modified, that the accounting information contained in this press release corresponds to the documental results, the books and the accounting entries.
Pasquale Lionetti
_______________________
Executive in charge of drawing up the Company's accounting documents
Tiscali S.p.A. (Borsa Italiana. Milan: TIS) is one of the leading alternative telecommunications companies in Italy. Tiscali provides its private and business customers with a vast range of services: internet access through dial-up and ADSL, as well as voice, VoIP, media, and added-value services and other technologically advanced products.
As at 31 March 2015 Tiscali reported around 578.3 active customers, of which 466.7 thousand were ADSL customers and over 99.8 thousand are mobile customers.
The Tiscali website may be accessed at www.tiscali.it
Investor Relations Gianluca Nonnis Ph. +39 070 4601207 - [email protected]
Press Office Image Building Simona Vecchies Ph: +39 02 89 01 13 00 – [email protected] Tiscali S.p.A. Sa Illetta 09122 Cagliari Italy
www.tiscali.it
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