DRAVA, KUPA, RJE»INA, LOKVARKA, LI»ANKA LIKA, DOBRA ...

More documents

Recommendations

Info

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF THE HEP GROUP (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2010 9. INCOME TAX (continued) Tax losses reported by the Group and their expiry are presented below: Year of loss origination Total tax loss reported by the Group Year of expiry 2006 60,664 2011 2007 102,889 2012 2008 194,136 2013 2009 116,099 2014 2010 152,800 626,588 2015 As of 31 December 2010 and 2009 the Group did not recognise deferred tax assets arising from tax losses carried forward at certain subsidiaries because the availability of future taxable profit against which the unused tax losses can be utilized is not certain. The Croatian Tax Authorities have not performed a review of the income tax returns of the Group and its subsidiaries. In accordance with local regulations, the Tax Authority may at any time inspect the books and records of any Group company within 3 years following the year in which the tax liability is reported and may impose additional tax assessments and penalties. The Group management is not aware of any circumstances that may give rise to a potential material liability in this respect. The following table summarizes the movement in deferred tax assets during the year: HRK’000 Value adjustment of inventory Provisions for jubilee and retirement benefits Litigation provision Depreciation at rates above statutory rates Other Total At 1 January 2009 - 55,864 7,708 2,434 562 66,568 Credited to profit and loss for the year 21,675 9,299 9,972 1,085 11,752 53,783 At 31 December 2009 21,675 65,163 17,680 3,519 12,314 120,351 Credited to profit and loss for the year 4,324 12,381 (13,130) 1,335 34,168 39,078 At 31 December 2010 25,999 77,544 4,550 4,854 46,482 159,429 93 HEP ANNUAL REPORT 2010 CHAPTER 6 - FINANCIAL STATEMENTS
HEP ANNUAL REPORT 2010 94 CHAPTER 6 - FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF THE HEP GROUP (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2010 9. INCOME TAX (continued) Following table summarizes movement of deferred tax liability recognised in respect of fair valuation of assets available for sale: 31 December 2010 In HRK thousands Gain on fair valuation of assets available for sale (see Note 15) 9,373 Deferred tax liability recognized on gain from fair valuation at 20% (1,874) Gain on fair valuation of assets available for sale recognized in other comprehensive income 7,499
Page 1 and 2:
DRAVA, KUPA, RJE»INA, LOKVARKA, LI
Page 3 and 4:
HEP ANNUAL REPORT 2010 2 HEP GROUP
Page 5 and 6:
HEP ANNUAL REPORT 2010 CHAIRMAN’S
Page 7 and 8:
HEP ANNUAL REPORT 2010 PRESIDENT’
Page 9:
COMPANY PROFILE MISSION, VISION AND
Page 12 and 13:
BASIC VALUES COMPETENCE AND CREATIV
Page 14 and 15:
Plomin Holding d.o.o. develops loca
Page 16 and 17:
ELECTRICITY PRODUCTION The Governme
Page 18 and 19:
SHORT HISTORICAL OVERVIEW 1895 Firs
Page 21 and 22:
20 HEP ANNUAL REPORT 2010 CHAPTER 2
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29:
HEP'S BUSINESS OPERATIONS IN 2010 B
Page 32 and 33:
In 2010, the total electricity turn
Page 34 and 35:
OPERATING EXPENSES The Group’s op
Page 36 and 37:
ELECTRICITY SALES (GWh) 2010 2009 2
Page 38 and 39:
CREDIT RATING In September 2010, St
Page 41 and 42:
Page 43 and 44: 42 HEP ANNUAL REPORT 2010 CHAPTER 4
Page 49: SUSTAINABLE DEVELOPMENT POLICY AND
Page 52 and 53: ECOLOGICAL NETWORK Upon the coming
Page 54 and 55: WASTE During 2010, the years-long t
Page 56 and 57: ACTIVITIES AND ACHIEVEMENTS IN HEP
Page 61 and 62: HEP ANNUAL REPORT 2010 60 CHAPTER 6
Page 93: HEP ANNUAL REPORT 2010 92 CHAPTER 6
Page 101 and 102: 100 HEP ANNUAL REPORT 2010 CHAPTER
Page 135: REPORTS BY HEP GROUP COMPANIES WITH
Page 138 and 139: ORGANIZATION CHART HYDRO PRODUC- TI
Page 140 and 141: ELECTRICITY AND HEAT PRODUCTION IN
Page 142 and 143: EMPHASIS OF MATTER Revenue recognit
Page 144 and 145:
HEP-PROIZVODNJA d.o.o. STATEMENT OF
Page 146 and 147:
HEP-PROIZVODNJA d.o.o. STATEMENT OF
Page 148 and 149:
In conclusion, I can say that busin
Page 150 and 151:
FINANCIAL STATEMENTS INDEPENDENT AU
Page 152 and 153:
HEP OPERATOR PRIJENOSNOG SUSTAVA d.
Page 154 and 155:
HEP OPERATOR PRIJENOSNOG SUSTAVA d.
Page 156 and 157:
Overseeing the quality of services
Page 158 and 159:
FINANCIAL STATEMENTS INDEPENDENT AU
Page 160 and 161:
HEP OPERATOR DISTRIBUCIJSKOG SUSTAV
Page 162 and 163:
HEP OPERATOR DISTRIBUCIJSKOG SUSTAV
Page 164 and 165:
ORGANIZATION CHART ECONOMIC AFFAIRS
Page 166 and 167:
MODIFIED OPINION In our opinion, ex
Page 168 and 169:
HEP TOPLINARSTVO d.o.o. STATEMENT O
Page 170 and 171:
HEP TOPLINARSTVO d.o.o. STATEMENT O
Page 172 and 173:
ORGANIZATION CHART LEGAL AND GENERA
Page 174 and 175:
ENERGY BALANCE (10 3 m 3 ) 2009 201
Page 176 and 177:
HEP PLIN d.o.o. INCOME STATEMENT FO
Page 178 and 179:
HEP PLIN d.o.o. STATEMENT OF FINANC
Page 181 and 182:
180 HEP ANNUAL REPORT 2010 CHAPTER
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
196 HEP ANNUAL REPORT 2010 PUBLISHE
show all

DRAVA, KUPA, RJE»INA, LOKVARKA, LI»ANKA LIKA, DOBRA ...

Create successful ePaper yourself

Delete template?

Save as template?