ANNUAL REPORT - HSE

More documents

Recommendations

Info

ANNUAL REPORT HSE | INTRODUCTION HSE Group as at 31/12/2008 HOLDING SLOVENSKE ELEKTRARNE d.o.o Division 1 Production Division 2 International network Division 3 Investments Hydro production Dravske elektrarne Maribor d.o.o. 100.0% Soške elektrarne Nova Gorica d.o.o. 100.0% Hidroeletrarne na Spodnji Savi d.o.o. 51.0% Thermal production Termoelektrarna Šoštanj d.o.o. 100.0% 2.8% 30.8% Eldom d.o.o. 50.0% Elprom d.o.o. 100.0% HSE Italia S.r.l. 100.0% HSE Balkan Energy d.o.o. 100.0% HSE Hungary Kft. 100.0% HSE Adria d.o.o. 100.0% HSE Bulgaria EOOD 100.0% Toplofikatsia - Ruse AD 51.0% HSE Prague branch office HSE Invest d.o.o. (HSE, DEM, SENG, 25.0% each) Hidro Moćnost Makedonija d.o.o. 33.0% Termoelektrarna Trbovlje d.o.o. 81.3% PPE d.o.o., Kidričevo 45.0% Primary sources 26.0% 23.0% ERICo d.o.o. HSE Bratislava branch office HSE Belgrade representative office HSE Bucharest representative office Premogovnik Velenje d.d. 77.7% Division 4 Multi-Utility Stelkom d.o.o. 19.0% PV Subsidiaries Robinoks d.o.o. 21.0% HTZ IP d.o.o. 100.0% Sipoteh d.o.o. 42.0% Gost d.o.o. 100.0% PLP d.o.o. 26.0% PV Invest d.o.o. 100.0% PUP PV d.o.o. 26.0% RGP d.o.o. 64.0% TRC Jezero d.o.o. 16.7% Karbon d.o.o. 11.0% Jama Škale v zapiranju d.o.o. 100.0% 15.7% 36.0% Golte d.o.o. 50.0% SAŠA Inkubator d.o.o. 60.0% 12
The HSE Group in the markets of Western, Eastern and South-Eastern Europe HSE’s companies, branch offices and representative offices are located in Slovenia, Croatia, Serbia, Italy, Hungary, Bulgaria, the Czech Republic, Slovakia, Romania, and Macedonia. HSE is a member of the German energy exchange EEX, Austrian energy exchange EXAA, French power exchange Powernext, Italian power exchange IPEX, Czech energy exchange OTE and in 2008 became a member of the Prague power exchange PXE and the regional energy exchange Southpool. The HSE Group’s other trading markets include: • Albania, • Bosnia and Herzegovina, • Montenegro, • Switzerland, and • Kosovo. HSE Prague Branch Office HSE Bratislava Branch Office SOUTHPOOL * HSE Bucharest Representative Office HSE Belgrade Representative Office * Electricity production and trading by the HSE Group in 2008. ANNUAL REPORT HSE | INTRODUCTION 13
Page 1: ANNUAL REPORT The endless circle of
Page 5: Energy circulates. Within us and be
Page 8 and 9: 00 Table of contents 1 INTRODUCTION
Page 10 and 11: 01 Introduction 18 is the number of
Page 14 and 15: Electricity production and trading
Page 16 and 17: COMPANY HSE D.O.O. 2008 2007 IND 08
Page 18 and 19: Equity in € thousand 1,200,000 1,
Page 20 and 21: 1.2 Letter from the management We m
Page 22 and 23: ANNUAL REPORT HSE | INTRODUCTION 22
Page 28: Wisdom needs to be shared We teach
Page 31 and 32: COMPANY PROFILE OF HOLDING SLOVENSK
Page 33 and 34: 2.1.3 Management of the controlling
Page 35 and 36: the Articles of Incorporation, the
Page 37 and 38: Companies excluded from the consoli
Page 39 and 40: for competitively priced TEŠ elect
Page 41 and 42: 2.2.1 Management of the HSE Group M
Page 43 and 44: TOPLOFIKATSIA-RUSE AD Managing dire
Page 45 and 46: 2.4 Strategic orientations of the H
Page 47 and 48: prepared, as were the methods for t
Page 49 and 50: Annual inflation in % price movemen
Page 51 and 52: Slovene electricity market in 2008
Page 53 and 54: 2.7 Sales and customers 2.7.1 Elect
Page 55 and 56: 2.8 Purchasing and suppliers 2.8.1
Page 57 and 58: Primary raw materials In 2008 prima
Page 59 and 60: trial operation, during which the e
Page 61 and 62: TEŠ's Unit 6, 600 MW Considering t
Page 63 and 64:
ous waste disposal site - to the no
Page 65 and 66:
European Investment Bank (EIB) sign
Page 67 and 68:
HSE Group’s equity-to-debt ratio
Page 69 and 70:
The value of assets and total equit
Page 71 and 72:
EQUITY TO FIXED ASSETS RATIO 31/12/
Page 73 and 74:
EBITDA / FINANCE EXPENSES FOR LOANS
Page 75 and 76:
QUICK RATIO 31/12/2008 31/12/2007 1
Page 77 and 78:
3,700 was the volume of PV's lignit
Page 79 and 80:
• to ensure minimum deviations of
Page 81 and 82:
2.13 External communication In 2008
Page 83 and 84:
potential development projects, inc
Page 85 and 86:
2.16 Important events after the end
Page 88 and 89:
03 Social responsibility report 3,8
Page 90 and 91:
Voluntary pension insurance HSE has
Page 92 and 93:
3.1.2 Employees in the HSE Group At
Page 94 and 95:
ANNUAL REPORT HSE | SOCIAL RESPONSI
Page 96:
Observation Inspiration Implementat
Page 99 and 100:
and required qualitative characteri
Page 101 and 102:
holding an investment, investments
Page 103 and 104:
Revenue is recognised when it can b
Page 105 and 106:
4.3 Auditor’s report ANNUAL REPOR
Page 107 and 108:
4.4 Balance sheet ITEM NOTE 31/12/0
Page 109 and 110:
4.5 Income statement ITEM 2008 2007
Page 111 and 112:
4.7 Statement of changes in equity
Page 113 and 114:
4.8 Notes to the financial statemen
Page 115 and 116:
Changes in intangible assets LONG-T
Page 117 and 118:
Other shares and interests include
Page 119 and 120:
• total equity: 187,751,171 €
Page 121 and 122:
in March 2008 and which was recorde
Page 123 and 124:
Retained net profit or loss for the
Page 125 and 126:
fair value of the interest rate swa
Page 127 and 128:
Short-term accrued costs and deferr
Page 129 and 130:
Geographical segments GEOGRAPHICAL
Page 131 and 132:
4.8.3 Cash flow statement General T
Page 133 and 134:
4.8.5 Other notes Remuneration of m
Page 135 and 136:
135
Page 137 and 138:
The consolidated financial statemen
Page 139 and 140:
Intangible assets and long-term acc
Page 141 and 142:
A Group-level reconciliation has no
Page 143 and 144:
Short-term accrued costs and deferr
Page 145 and 146:
5.2 Auditor’s report ANNUAL REPOR
Page 147 and 148:
5.3 Consolidated balance sheet in
Page 149 and 150:
5.4 Consolidated income statement i
Page 151 and 152:
5.6 Consolidated statement of chang
Page 153 and 154:
5.7 Notes to the consolidated finan
Page 155 and 156:
(2) Property, plant and equipment
Page 157 and 158:
Changes in deferred tax assets in
Page 159 and 160:
(11) Equity € 1,127,608,615 The v
Page 161 and 162:
Maturity dates of long-term liabili
Page 163 and 164:
Segments in € NET SALES REVENUE B
Page 165 and 166:
Corporate income tax € 14,022,776
Page 167 and 168:
Movements from equity Movements fro
Page 170 and 171:
06 Contact information Holding Slov
Page 172 and 173:
Branch office HSE Prague Address My
Page 174:
PPE OTE RES BU DOBP GoO PPEK PXE PV
show all

ANNUAL REPORT - HSE

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?