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2.4<br />

Capital investments<br />

The Group’s capital investments are managed by<br />

the parent company KD Holding <strong>and</strong> the newly<br />

established company KD Kapital. Cinema <strong>and</strong><br />

KD Kapital will invest proceeds <strong>and</strong> debt funds in<br />

new, typically controlling shares in companies in<br />

Slovenia <strong>and</strong> South Eastern Europe.<br />

entertainment are also included in the Group’s<br />

principal <strong>business</strong> activities <strong>and</strong> last year it was<br />

more active in the area of real estate. Other<br />

principal <strong>business</strong> activities include publishing,<br />

the management of closed-end investment funds<br />

in South Eastern Europe <strong>and</strong> private equity<br />

management.<br />

In the first capital increase, 26 investments totalling<br />

EUR 44.8 million were made. During the next<br />

capital increase in December 2007, KD Kapital’s<br />

capital was increased up to the investment value<br />

of assets of EUR 72.1 million (a total of 31<br />

investments) <strong>and</strong> by certain receivables linked to<br />

investments. Thus the total value of assets as at 1<br />

January 2008 was EUR 77.7 million, while equity<br />

KD Kapital, finančne storitve, d. o. o., Ljubljana<br />

totalled EUR 74.3 million.<br />

172<br />

Address: 206 Celovška cesta, Ljubljana, Slovenia<br />

Telephone: +386 1 582 67 70<br />

Faks: +386 1 582 41 00<br />

E-mail: info@<strong>kd</strong>-<strong>group</strong>.si<br />

<strong>We</strong>bsite: www.<strong>kd</strong>-<strong>group</strong>.com<br />

Management Board (31 December 2007):<br />

Janez Bojc, President of the Management Board<br />

Mira Koporčič Veljič, Member of the Management<br />

Board<br />

KD Kapital was established on 1 July 2007 <strong>and</strong><br />

its capital increased on 27 July 2007 with a 100<br />

percent contribution in kind from KD Holding.<br />

In 2007, KD Kapital generated net profit from<br />

operations of EUR 1.217 million. The company had<br />

8 employees as at 1 January 2008.<br />

Private equity fund<br />

The fund’s investment policy will involve the<br />

purchase of majority stakes in fast-growing<br />

companies not yet identified by strategic <strong>and</strong><br />

large financial investors but which could become<br />

interesting to such investors with adequate growth.<br />

With the establishment of KD Kapital, we separated<br />

the management of non-listed investments <strong>and</strong><br />

specific significant shares of listed investments from<br />

strategic <strong>and</strong> net portfolios of listed investments.

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