We build business networks and relationships ... - skupina kd group

KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
(in EUR)
Translation reserves-currency
Revaluation
reserve-AFS Hedging reserve differences
Retained
earnings
Total
Balance at 1 January 2007 24,150,460 - 221,490 52,739,049 77,110,999
Revaluation – gross 42,304,250 - - - 42,304,250
Revaluation – tax (7,063,187) - - - (7,063,187)
Net gains transferred to net profit-gross (4,302,824) - - - (4,302,824)
Net gains transferred to net profit-gross
– tax (Note 21)
1,530,797 - - - 1,530,797
Revalutation-associates (269,420) - - - (269,420)
Revaluation-derivative instrument - (33,272) - - (33,272)
Currency translation differences:
- Group - - (1,627,765) - (1,627,765)
- Associates - - (56,977) - (56,977)
Profit of the year - - - 33,059,887 33,059,887
Dividends - - - (9,382,492) (9,382,492)
Minority interest (775,281) - - - (775,281)
Balance as at 31 December 2007 55,574,797 (33,272) (1,463,252) 76,416,444 130,494,717
17. Borrowings
300
(in EUR) 2007 2006
Non-current
Bank borrowings
In Slovenia 48,373,487 36,318,382
Current portion (5,384,643) (4,735,232)
Loans due to others 227,250 -
Current portion (68,260) -
Bonds issued 75,368,725 75,324,967
Current portion (1,448,951) (1,449,170)
117,067,608 105,458,947
Current
Bank borrowings
In Slovenia 35,791,058 4,130,204
Loans due to others 4,490,162 1,976,369
Current portion of non-current borrowings 6,901,854 6,184,402
47,183,074 12,290,975
Total: 164,250,682 117,749,922
Total borrowings include collateralised liabilities
of EUR 88,032,819 (2006: EUR 17,795,080).
Bank borrowings are collateralised by the land and
buildings of the Group (Note 7).