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ANNUAL REPORT The endless circle of
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Energy circulates. Within us and be
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00 Table of contents 1 INTRODUCTION
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01 Introduction 18 is the number of
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ANNUAL REPORT HSE | INTRODUCTION HS
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Electricity production and trading
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COMPANY HSE D.O.O. 2008 2007 IND 08
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Equity in € thousand 1,200,000 1,
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1.2 Letter from the management We m
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ANNUAL REPORT HSE | INTRODUCTION 22
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ANNUAL REPORT HSE | INTRODUCTION 24
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ANNUAL REPORT HSE | INTRODUCTION 26
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Wisdom needs to be shared We teach
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COMPANY PROFILE OF HOLDING SLOVENSK
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2.1.3 Management of the controlling
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the Articles of Incorporation, the
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Companies excluded from the consoli
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for competitively priced TEŠ elect
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2.2.1 Management of the HSE Group M
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TOPLOFIKATSIA-RUSE AD Managing dire
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2.4 Strategic orientations of the H
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prepared, as were the methods for t
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Annual inflation in % price movemen
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Slovene electricity market in 2008
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2.7 Sales and customers 2.7.1 Elect
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2.8 Purchasing and suppliers 2.8.1
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Primary raw materials In 2008 prima
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trial operation, during which the e
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TEŠ's Unit 6, 600 MW Considering t
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ous waste disposal site - to the no
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European Investment Bank (EIB) sign
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HSE Group’s equity-to-debt ratio
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The value of assets and total equit
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EQUITY TO FIXED ASSETS RATIO 31/12/
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EBITDA / FINANCE EXPENSES FOR LOANS
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QUICK RATIO 31/12/2008 31/12/2007 1
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3,700 was the volume of PV's lignit
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• to ensure minimum deviations of
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2.13 External communication In 2008
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- 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
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- Page 101 and 102: holding an investment, investments
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- 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
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- Page 141 and 142: A Group-level reconciliation has no
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- 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
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- Page 159 and 160: (11) Equity € 1,127,608,615 The v
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- 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