Annual report 2010 - plazacenters

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Financial statements Notes to the consolidated financial statements continued Note 42 – List of Group entities continued Serbia Activity Remarks Directly owned Plaza Centers Management D.O.O Management company Indirectly owned Orchid Group D.O.O Shopping center project 100% Held by Plaza Centers (Ventures) B.V. Belgrade Plaza Project Leisure Group D.O.O Shopping center project Sport Star Plaza Project – Merged into Sevac D.O.O in November 2009. Sek D.O.O Shopping center project 100% Held by Plaza Centers Holding B.V. Kragujevac Project Accent D.O.O Inactive Held by Plaza Centers Logistics B.V Telehold D.O.O Inactive Held by S.S.S. Project Management B.V Fantasy Park SRB D.O.O Inactive Held 100% by Mulan B.V. Moldova Activity Remarks I.C.S Plaza Centers Prodev S.R.L Inactive Slovakia Activity Remarks Plaza Centers Slovak Republic S.R.O Inactive The Netherlands Activity Remarks Indirectly owned Plaza Centers (Enterprises) B.V. Finance company Held 100% by Plaza Dambovita complex B.V. Directly owned Plaza Centers Management B.V. Inactive Plaza Centers (Ventures) B.V. Holding company – Serbia Holds 100% of Orchid Group D.O.O Plaza Centers (Estates) B.V. Holding company – Serbia Holds 100% of Leisure Group D.O.O Plaza Centers Holding B.V. Holding company – Serbia Holds 100% of Sek D.O.O Plaza Centers Foundations B.V. Inactive Plaza Centers Establishment B.V. Inactive S.S.S Project Management B.V. Inactive Plaza Centers Logistics B.V. Holding company – Serbia Holds 100% of Accent D.O.O Obuda B.V. Holding company – Russia Holds 100% of all Russian subsidiaries Plaza-BAS B.V. Holding company – Romania Held 51% by Plaza Centers N.V., holds project companies in Romania. Plaza Dambovita Complex B.V. Holding company Plaza Centers Engagements B.V. Inactive Held 100% by Plaza Dambovita Complex B.V. Plaza Centers Administrations B.V. Inactive Plaza Centers Connection B.V. Inactive Plaza-On Holding B.V. Holding company – Bulgaria Held 50.1% by the Company. Holds 100% of ON International E.O.O.D Plaza Centers Corporation B.V. Inactive Dambovita Center Holdings B.V. Holding company – Romania Holds 75% of S.C. Dambovita Center S.R.L Mulan B.V. (Fantasy Park Enterprises B.V.) Holding company Holding Company of Fantasy Park subsidiaries in CEE and India P.L.A.Z.A. B.V. Holding company – Poland Held 100% by Mulan B.V, Holds 50% of Hokus Pokus Rozrywka Sp.z.o.o 132 Plaza Centers N.V. Annual report 2010
O Br Mg Fs Ai The Dutch Antilles Activity Remarks Dreamland N.V. Inactive Cyprus – India Activity Remarks Directly owned Elbit Plaza India Real Estate Holdings Limited Holding company Held 47.5% by Plaza Centers N.V. PC India Holdings Public Company limited Holding company Held 100% by Plaza Centers N.V. Indirectly owned Spiralco Holdings Limited Holding company Holds 50% of P – one Infrastructure Private Limited. Held 100% by PC India Ltd. Permindo Limited Holding company Holds 100% of Anuttam Developers Private Ltd. Held 100% by PC India Ltd. Dezimark limited Inactive Held 100% by PC India Ltd. Xifius limited Inactive Holds 99.9% of Ximanco Developers India Private Limited. Held 100% by PC India Ltd. Stenzo Limited Inactive Holds 99.9% of Cymsten Developers India Private Limited. Held 100% by PC India Ltd. Mercero Limited Inactive Holds 99.9% of Meranco Developers India Private Limited. Held 100% by PC India Ltd. Ruvencio Limited Inactive Holds 99.9% of Ruvenco India Developers Private Limited. Held 100% by PC India Ltd. Rosesmart Limited Inactive Holds 99.9% of Rosesenco India Developers Private Limited. Held 100% by PC India Ltd. Sortera Limited Inactive Holds 99.9% of Sorcym Developers India Private Limited. Held 100% by PC India Ltd. Rebeldora Limited Holding company Holds 99.9% of Rebelenco India Developers Private Limited. Held 100% by PC India Ltd. Polyvendo Limited Holding company Held 100% by Elbit India Real Estate Holdings Limited Elbit India Architectural Services Limited Holding company Held 100% by Elbit India Real Estate Holdings Limited Rafalmendo Limited Holding company Held 100% by Elbit India Real Estate Holdings Limited Demiracos Limited Holding company Held 100% by Elbit India Real Estate Holdings Limited Plaza Centers N.V. Annual report 2010133
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Plaza Centers Annual report 2010 Su
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Overview Who we are O Br Mg Fs Ai W
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O Br Mg Fs Ai Operational highlight
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Overview Our s trategy O Br Mg Fs A
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O Br Mg Fs Ai Koregaon Park Plaza (
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O Br Mg Fs Ai • As a result of th
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O Br Mg Fs Ai Plaza expects to comp
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Overview Our portfolio at a glance
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O Br Mg Fs Ai Suwałki Plaza: opera
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O Br Mg Fs Ai Belgrade Plaza Serbia
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O Br Mg Fs Ai Koregaon Park Plaza:
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Overview Current devel opments cont
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O Br Mg Fs Ai Timisoara Plaza Roman
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Overview Current de velopments cont
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O Br Mg Fs Ai Liberec Plaza Czech R
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O Br Mg Fs Ai Bulgaria Sofia Plaza
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O Br Mg Fs Ai I am pleased to repor
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O Br Mg Fs Ai The combination of Pl
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O Br Mg Fs Ai Over the course of th
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O Br Mg Fs Ai Plaza’s effective o
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O Br Mg Fs Ai In addition, Plaza ha
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O Br Mg Fs Ai Among our first actio
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O Br Mg Fs Ai increased rental reve
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Management and governance Managemen
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O Br Mg Fs Ai Uzi Eli (35), LLB, At
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O Br Mg Fs Ai Substantial sharehold
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Management and governance Corporate
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O Br Mg Fs Ai • Best Practice Pro
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O Br Mg Fs Ai Among other matters,
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Management and governance Risk mana
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O Br Mg Fs Ai • Real estate valua
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O Br Mg Fs Ai II) Four components o
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O Br Mg Fs Ai c) The Audit Committe
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O Br Mg Fs Ai Service arrangements
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Financial statements Independent au
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Financial statements Consolidated i
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Financial statements Consolidated s
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O Br Mg Fs Ai For the For the year
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O Br Mg Fs Ai Estimates and underly
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O Br Mg Fs Ai Note 3 - Summary of s
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O Br Mg Fs Ai Financial assets and
Page 83 and 84: O Br Mg Fs Ai f. Normal operating c
Page 85 and 86: O Br Mg Fs Ai i) Rental income The
Page 87 and 88: O Br Mg Fs Ai 2. Share-based paymen
Page 89 and 90: O Br Mg Fs Ai The current lack of c
Page 91 and 92: O Br Mg Fs Ai Note 7 - Available-fo
Page 93 and 94: O Br Mg Fs Ai Below is a summary ta
Page 95 and 96: O Br Mg Fs Ai Major additions/dispo
Page 97 and 98: O Br Mg Fs Ai Note 16 - Derivatives
Page 99 and 100: O Br Mg Fs Ai December 31, December
Page 101 and 102: O Br Mg Fs Ai Note 21 - Other liabi
Page 103 and 104: O Br Mg Fs Ai As of December 31, 20
Page 105 and 106: O Br Mg Fs Ai Contractual life Gran
Page 107 and 108: O Br Mg Fs Ai Note 28 - Revenues Fo
Page 109 and 110: O Br Mg Fs Ai Note 32 - Net finance
Page 111 and 112: O Br Mg Fs Ai b. Under the particip
Page 113 and 114: O Br Mg Fs Ai The Group limits its
Page 115 and 116: O Br Mg Fs Ai Liquidity risk The fo
Page 117 and 118: O Br Mg Fs Ai Interest rate risk Pr
Page 119 and 120: O Br Mg Fs Ai Note 36 - Contingent
Page 121 and 122: O Br Mg Fs Ai Certain loan agreeme
Page 123 and 124: O Br Mg Fs Ai The net proceeds of t
Page 125 and 126: O Br Mg Fs Ai Additional transactio
Page 127 and 128: O Br Mg Fs Ai Note 39 - Operating s
Page 129 and 130: O Br Mg Fs Ai Note 41 - Critical ac
Page 131 and 132: O Br Mg Fs Ai therefore fail to imp
Page 133: O Br Mg Fs Ai Cyprus - Russia Activ
Page 137 and 138: O Br Mg Fs Ai United States Activit
Page 139 and 140: Additional information Advisors O B
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