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

HEP ANNUAL REPORT 2010
98
CHAPTER 6 - FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS OF THE HEP GROUP (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2010
13. PREPAYMENTS FOR PROPERTY, PLANT AND EQUIPMENT
31 December 2010 31 December 2009
HRK’000 HRK’000
Electricity facilities on the Croatian highways – Hrvatske Autoceste 300,000 300,000
JSC Tehnopromexport –TE Sisak 56,530 59,068
Litostroj Slovenija 4,457 8,447
Končar Inženjering d.d. – HE Lešće 1,249 5,169
Voith Siemens Austria 3,978 4,955
Ingra d.d. – HE Lešće 307 1,692
Konstruktor Inženjering 432 1,081
Others 19,102 22,668
386,055 403,080
In December 2006, the Group advanced a payment to Hrvatske autoceste d.o.o. for the purpose of acquisition of
electricity facilities on the Croatian highways within 2 years from the advance payment.
As of the date of these financial statements, the facilities were not transferred to the Group, and an agreement
was concluded with Hrvatske autoceste d.o.o. in December 2009, under which the deadline for the takeover of the
electricity facilities by the Group has been prolonged for another 2 years.
The Group is the beneficial owner of these facilities, as it uses those assets for their intended economic purpose
which is to supply electricity to customers.
As of the date of issue of these financial statements, the Group has not classified these assets by type, and
the economic effect of transfer of these assets from prepayments to tangible assets has not been calculated as well
as the related depreciation.