ANNUAL REPORT - HSE

Costs by functional group
TYPE OF COST 2008 2007
Cost of merchandise sold 761,805,403 906,358,345
Cost of sales 2,012,627 1,981,892
General and administrative costs 21,360,892 12,327,604
Total costs 785,178,922 920,667,841
in €
Total profit or loss
€ 61,608,411
The company ended the year 2008 with total profit or
loss of € 61,608,411.
Corporate income tax
€ 7,649,606
In accordance with the Corporate Income Tax Act, the
tax for 2008 amounted to 22% of the taxable base reported
in the company’s tax assessment.
Based on the 2007 tax assessment, the company paid
€ 6,287,101 in advance income tax payments in 2008.
Its income tax liability thus amounted to € 1,362,505
at the end of 2008.
Deferred taxes
€ 202,590
Deferred taxes are intended for covering temporary
differences between the carrying amount and tax values
of assets and liabilities. The values of deferred
taxes created and used are presented in the table
showing deferred tax assets. The company did not account
for deferred tax liabilities in 2008.
Net profit or loss
€ 53,756,215
After taking into account corporate income tax and
deferred tax assets, the net profit or loss for the accounting
period totals € 53,756,215.
Profit or loss of the company
TYPE OF PROFIT OR LOSS 2008 2007
Operating profit or loss 35,126,795 2,482,997
Profit or loss on ordinary activities 56,938,328 16,748,106
Profit or loss on extraordinary activities 4,670,083 81,553
Total profit or loss 61,608,411 16,829,659
Net profit or loss for the accounting period 53,756,215 12,411,197
in €
ANNUAL REPORT HSE | FINANCIAL REPORT OF THE COMPANY HSE
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