ANNUAL REPORT - HSE

More documents

Recommendations

Info

4.8.4 Statement of changes in equity General The statement of changes in equity shows changes in equity components during a financial year. € 4,305,599 to other revenue reserves, and • allocation of half of the net profit or loss for the year, which totalled € 26,878,107, to other revenue reserves, in accordance with a Supervisory Board decision taken on the proposal of the company’s management. The statement of changes in equity has been prepared so that all components of equity are presented in the form of a spreadsheet (Format I – as laid down in SAS (2006) 27.2). Movements to equity In the period under review, the company’s equity increased by € 116,017,792 as follows: • net profit or loss for the year (€ 53,756,215), • revaluation surplus associated with other financial instruments – futures (€ 62,261,577). Movements within equity Movements within the company’s equity, which amounted to € 31,183,706 during the year, relate to: • allocation of a portion of the 2007 accumulated profit (in accordance with a General Meeting resolution) of Movements from equity In 2008 the company’s equity decreased by € 74,366,800 as follows: • payment of a portion of the 2007 accumulated profit (€ 1,900,000) to the owner, • revaluation surplus associated with other financial instruments – futures (€ 72,466,800). The value of the revaluation surplus created and used is presented under equity disclosures. Accumulated profit Accumulated profit for 2008 represents half of the net profit or loss for the period and totals € 26,878,108. The decision regarding the distribution of accumulated profit is made by the owner. Accumulated profit COMPONENTS OF ACCUMULATED PROFIT 2008 2007 Net profit or loss for the current year 53,756,215 12,411,197 Increase in revenue reserves in accordance with a management board and SB decision (other revenue reserves) (26,878,107) (6,205,598) Accumulated profit for the current year 26,878,108 6,205,599 in € ANNUAL REPORT HSE | FINANCIAL REPORT OF THE COMPANY HSE 132
4.8.5 Other notes Remuneration of managers and employees who are not subject to the tariff part of the collective agreement Remuneration of managers and employees who are not subject to the tariff part of the collective agreement comprises: • gross remuneration included in the income tax return notice, • other remuneration (meals, transportation, per diems, untaxed portion of jubilee benefits), • premiums paid for voluntary supplementary pension insurance. Remuneration of managers comprises the remuneration of all managers who acted as managers in 2008 (a member of the management was replaced during the year). Remuneration of Supervisory Board members Remuneration of Supervisory Board members represents gross attendance fees and travel expenses related to the performance of tasks in the Supervisory Board and the audit committee. No advances, loans or guarantees were extended to these groups of persons in 2008. Short-term operating liabilities include December salaries for managers and employees who are not subject to the tariff part of the collective agreement as well as December attendance fees payable to Supervisory Board members for their work in the Supervisory Board and audit committee. Remuneration of individual groups of persons REMUNERATION OF INDIVIDUAL GROUPS OF PERSONS 2008 2007 The management of the company 273,354 165,511 Employees who are not subject to the tariff part of the collective agreement 1,998,326 1,530,369 Supervisory Board members 181,753 82,279 in € Costs of audit and other assurance engagements The costs of audit and other assurance engagements broken down by individual type of service were as follows in 2008: • the cost of audit of the annual report of the company HSE and the HSE Group amounted to € 24,986, • the cost of other assurance engagements stood at € 500. Business events after the balance sheet date The business events after the balance sheet date are presented in the business report. There were not business events up to the date of the financial report that would affect the data presented. ANNUAL REPORT HSE | FINANCIAL REPORT OF THE COMPANY HSE 133
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 12 and 13:
ANNUAL REPORT HSE | INTRODUCTION HS
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 24 and 25:
Page 26 and 27:
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: 4.8.3 Cash flow statement General T
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

Create successful ePaper yourself

Delete template?

Save as template?