iesy Repository GmbH - Irish Stock Exchange

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Deferred Income Deferred income has been formed for earnings before the closing date, which will be revenues for a certain time after the closing date. The matching is based on the contract dates. Foreign Currency Translation Receivables and liabilities in foreign currencies have been valued with the exchange rate on the date of the business transaction by taking into account the lower-of-cost-or-market principle or the current value not exceeding acquisition cost. 310
III. Explanation of Balance Sheet and Income Statement Items Non Current Assets/ Start-up and Business Expansion Expenses <strong>iesy</strong> Hessen <strong>GmbH</strong> & Co. KG, Weiterstadt NOTES TO THE FINANCIAL STATEMENTS FROM JANUARY 1 TO DECEMBER 31, 2002—(CONTINUED) The development of the items is shown in the following non-current assets movement schedule: Non-Current Assets 2002 Acquisition or Construction Costs Depreciation and Amortization Net book value January 1, 2002 Additions Disposals Reclassifications 311 December 31, 2002 January 1, 2002 Additions Disposals December 31, 2002 December 31, 2002 T € T € T € T € T € T € T € T € T € T € T € A.Start-up and business expansion expenses 30,292 10,516 40,808 0 0 0 40,013 40,013 0 0 30,292 December 31, 2001 B.Non-current assets I.Intangible assets Concesseions, industrial property rights and similar rights and assets as well as licences in such rights and assets 321,770 666 0 0 322,436 31,762 200,989 0 232,751 89,685 290,008 Goodwill 554,331 0 0 0 554,331 291,904 262,427 0 554,331 0 262,427 Advanced payments 0 0 0 0 0 0 0 0 0 0 0 876,101 666 0 0 876,767 323,666 463,416 0 787,082 89,685 552,435 II.Tangible assets Technical equipment and machines 223,315 6,450 492 5,439 234,712 44,145 31,029 18 75,156 159,556 179,170 Other equipment, plant and office equipment 5,518 2,473 43 537 8,485 1,522 2,412 21 3,913 4,572 3,996 Advanced payments and construction in progress 14,001 3,201 409 -5,977 10,816 0 9,285 0 9,285 1,531 14,001 Low-cost assets 201 317 0 1 519 201 318 0 519 0 0 243,035 12,441 944 0 254,532 45,868 43,044 39 88,873 165,659 197,167 III.Financial assets Shares in affiliated companies 25 0 0 0 25 0 0 0 0 25 25 1,119,161 13,107 944 0 1,131,324 369,534 506,460 39 875,955 255,369 749,627
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PROSPECTUS iesy Repository GmbH €
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the market price of the Notes at a
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which the issue or the offer of sec
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“combined entity”, and “we”
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“Tele Columbus” refers to the c
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Revenue generating units, or “RGU
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CURRENCY PRESENTATION AND EXCHANGE
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end of 2005. Our subscribers can al
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populations, with approximately 2.7
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In April/May 2005, iesy entered int
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Our Corporate and Financing Structu
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THE OFFERING The summary below desc
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Optional Redemption We may redeem a
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SUMMARY FINANCIAL AND OPERATING INF
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iesy Other Financial Data (unaudite
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iesy Operational Data (unaudited) R
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ish Income Statement Data Audited y
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35 Three months ended Year ended De
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37 As of December 31, As of March 3
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RISK FACTORS You should carefully c
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acquiring content, purchasing servi
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agreements—MSG”). We cannot ass
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In addition, most of our cable netw
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Strikes or other industrial actions
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acquisitions. In addition, any addi
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provision and may not be abusive. S
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€1,050.0 million would have been
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We depend on payments from our subs
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• Claims against the Issuer and s
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Senior Credit Facilities before the
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court rulings did not address the p
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THE ISH ACQUISITION The description
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In addition to the warranties, spec
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CAPITALIZATION The following table
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Unaudited Pro Forma Condensed Conso
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NOTES TO THE UNAUDITED PRO FORMA CO
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(€m, except percentages) Pro form
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Income Statement Data 75 Audited Ye
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(7) Number of subscribers at the en
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• iesy’s premium cable televisi
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egulated pricing model. Fees are pa
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Risks Relating to Our Indebtedness
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Legal, Consulting and Management Fe
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Subscribers iesy classifies its cus
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2003 to €8.20 per subscriber in t
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• the senior credit facilities we
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average installation fees from July
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Cash flow from investing activities
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In the three months ended March 31,
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eview and optimization of services
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Cash Flow from Operating Activities
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oadcasters in television and radio.
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educed or increased by a material a
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Income Statement Data Audited year
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109 As of December 31, As of March
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• ish’s premium cable televisio
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In addition, ish markets pay-per-vi
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Cost of Materials and Services Cost
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For accounting purposes, ish treats
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Subscribers ish classifies its cust
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Competition ish faces significant c
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This decrease was primarily due to
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Net Loss Net loss was €17.9 milli
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Pension Obligations As of March 31,
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Term Sheets with DTAG, BRN-ish agre
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estructuring liabilities, while 200
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accrual for pending losses. The exp
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International Financial Reporting S
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Content Providers Basic Television
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Digital Home” and PrimaCom offers
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[GRAPHIC] [GRAPHIC] Level 4 is the
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shared access basis. In this case,
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The following table shows several k
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In the domestic market, the German
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BUSINESS Unless otherwise indicated
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Germany, with approximately 30.2 mi
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Prudently deploying capital. Our de
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iesy’s Current Basic Cable Televi
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amounted to €8.0 million or 5.9%
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within iesy’s upgraded areas and
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Supply The following chart shows th
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Term Sheet Service Duration Offer o
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y the new fiber system. See “Oper
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part of settling arbitration procee
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Business of ish Products and Servic
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ish’s Current Basic Cable Televis
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In addition to the monthly subscrip
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Customers who subscribe to Premiere
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Sales ish’s sales team is divided
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The following chart illustrates ish
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Term Sheet Service Duration Co-use
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Lease of space for broadband cable
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Other Significant Supply Agreements
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ights themselves. As an exception,
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Competition The cable television an
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Introduction REGULATION German law
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We assume that we will be deemed to
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The Amendment provides that provisi
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• Providers who had a dominant po
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in the Munich office of Apax Partne
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Marketing for Germany and Austria,
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Gerard Tyler is ish’s Treasurer.
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CERTAIN RELATIONSHIPS AND RELATED P
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Beneficial Ownership The following
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DESCRIPTION OF OTHER INDEBTEDNESS T
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period (unless the interest period
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Subordinated Bridge Facility In con
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• the ability of the Obligors (ot
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owed by the Insolvent Obligor will
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DESCRIPTION OF THE NOTES The Issuer
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in London, the Bank of New York, Ne
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Issuer have agreed that iesy Hessen
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Subsidiary Guarantor outstanding wh
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the amount of their secured claim.
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provisions described under “—De
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In addition, the Intercreditor Agre
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Euro Note to and including February
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circumstances referred to above exi
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that it has unconditionally exercis
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time outstanding not exceeding (i)
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description of this covenant and no
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Date of any Indebtedness that has b
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(13) Investments in an aggregate am
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supplement or other modification) t
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(1) the assumption by the transfere
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Reports Whether or not required by
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of the European Union on January 1,
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contemporaneously with any such act
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25% in principal amount of the outs
Page 259 and 260: (2) provide for the assumption by a
Page 261 and 262: (6) an Officer’s Certificate stat
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Page 265 and 266: “Bank Indebtedness” means any a
Page 267 and 268: Consolidated Net Income (excluding
Page 269 and 270: (9) the impact of capitalized inter
Page 271 and 272: “Exchange Act” means the U.S. S
Page 273 and 274: (iii) for the avoidance of doubt, a
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Page 277 and 278: (2) Investments in another Person i
Page 279 and 280: (15) Permitted Collateral Liens; (1
Page 281 and 282: (5) in the case of Apollo and Golde
Page 283 and 284: service level agreement as replaced
Page 285 and 286: “Unrestricted Subsidiary” means
Page 287 and 288: The Issuer and the Trustee and thei
Page 289 and 290: Secondary Market Trading The Book-E
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Page 295 and 296: (c) for so long as the Notes are el
Page 297 and 298: PLAN OF DISTRIBUTION We, the Subsid
Page 299 and 300: LEGAL MATTERS Certain legal matters
Page 301 and 302: WHERE YOU CAN FIND OTHER INFORMATIO
Page 303 and 304: Listing LISTING AND GENERAL INFORMA
Page 305 and 306: INDEX TO FINANCIAL STATEMENTS iesy
Page 307 and 308: Assets iesy Hessen GmbH & Co. KG, W
Page 309: I. Application of Legal Provisions
Page 313 and 314: Last year’s extraordinary expense
Page 315 and 316: INDEPENDENT AUDITORS’ REPORT We h
Page 317 and 318: iesy Repository GmbH, Hamburg AMEND
Page 319 and 320: and remaining useful life for the i
Page 321 and 322: The movements in consolidated equit
Page 323 and 324: iesy Repository GmbH, Hamburg AMEND
Page 325 and 326: Assets iesy Repository GmbH, Hambur
Page 327 and 328: I. Basis of Presentation The consol
Page 329 and 330: V. Explanations to Material Items o
Page 331 and 332: Network infrastructure, rental, lea
Page 333 and 334: iesy Repository GmbH, Hamburg UNAUD
Page 335 and 336: 1. Basis of Presentation iesy Repos
Page 337 and 338: 5. Explanations to Material Items o
Page 339 and 340: Shareholdings of iesy Repository Gm
Page 341 and 342: iesy Hessen GmbH & Co. KG, Weiterst
Page 343 and 344: COURTESY TRANSLATION FROM THE GERMA
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Page 349 and 350: (3) Accounting and Valuation Princi
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COURTESY TRANSLATION FROM THE GERMA
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Inventories COURTESY TRANSLATION FR
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Goodwill COURTESY TRANSLATION FROM
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Depreciation and Amortization COURT
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(1) General COURTESY TRANSLATION FR
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Cost of materials COURTESY TRANSLAT
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[THIS PAGE INTENTIONALLY LEFT BLANK
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Goodwill. Under German GAAP, the di
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Under U.S. GAAP, loan origination f
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IFRS requires a purchase price allo
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financial liability incurred result
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€235,000,000 10 1 /8% Senior Note
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iesy Repository GmbH - Irish Stock Exchange

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