The Group KD Group and KD Group dd

The KD Group Annual Report 2009
Kazalo
1. INTRODUCTION ............................................................................................................................................ 3
Company profile .................................................................................................................................................... 3
The KD Group corporate structure ...................................................................................................................... 5
Activities of the Group KD Group ........................................................................................................................ 7
2. BUSINESS REPORT ..................................................................................................................................... 8
Report of the chief executive officer of KD Group d. d. ....................................................................................... 8
Report of the management board of KD Group on the review of the annual report of KD Group d.d. and the
KD Group for 2009 ............................................................................................................................................ 10
Events that characterised 2009 ......................................................................................................................... 13
Strategic orientations of the KD Group .............................................................................................................. 17
Shares, dividends and ownership structure ...................................................................................................... 19
Analysis of operations ....................................................................................................................................... 31
Capital markets in 2009 ............................................................................................................................... 31
Operations of the KD Group in 2009 ............................................................................................................. 33
Business operations of KD Group d.d. in 2009 ............................................................................................. 40
Internal audit ................................................................................................................................................. 45
Human resources and development ............................................................................................................. 45
Research and development .............................................................................................................................. 49
Corporate social responsibility of the Group KD Group .................................................................................... 51
3. OPERATIONS OF KD GROUP COMPANIES ............................................................................................. 54
Banking and investment fund management ...................................................................................................... 54
Banking ......................................................................................................................................................... 54
Investment fund management ...................................................................................................................... 56
Insurance .......................................................................................................................................................... 60
Real estate ........................................................................................................................................................ 67
4. FINANCIAL REPORT ............................................................................................................................... 69
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