ANNUAL REPORT - HSE

expenses include losses on the disposal of investments.
Other expenses include expenses that are neither operating
expenses nor finance expenses. They are carried
at actual amounts.
Reporting by business and
geographical segments
A segment is an identifiable component of the Group
that is engaged in products or services (a business
segment) or that is engaged in products and services
in a particular economic environment (a geographical
segment).
At the Group level, primary reporting is performed
by business segment. Net sales revenue is therefore
divided into two business segments: electricity and
other activities.
Net sales revenue is also divided into two geographical
segments: domestic market and foreign markets.
Taxation
Davek od dohodkov pravnih oseb je izračunan z Corporate
income tax is calculated based on the tax rates
prescribed in countries in which group companies
operate. All group companies are liable to pay this
tax. All group companies are also subject to the value
added tax. The tax year of all group companies is the
same as the calendar year.
Deferred taxes
Deferred taxes are intended for covering temporary
differences between the carrying amount and tax values
of assets and liabilities. They are accounted for
using the balance sheet liability method. Deferred tax
assets represent the assessed amount of corporate
income tax, deductible temporary differences and unused
tax losses, which results in a lower tax payable
in future periods. Deferred tax liabilities represent the
assessed amount of corporate income tax and taxable
temporary differences, which results in a higher tax
payable in the future.
ANNUAL REPORT HSE | FINANCIAL REPORT OF THE HSE GROUP
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