<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>HSE</strong> | FINANCIAL <strong>REPORT</strong> OF THE <strong>HSE</strong> GROUP 146
5.3 Consolidated balance sheet in € ITEM NOTE 31/12/08 31/12/07 ASSETS 1,747,710,783 1,628,551,663 A. LONG-TERM ASSETS 1,424,901,703 1,292,678,614 I. Intangible assets and long-term accrued revenue and deferred costs 1 48,274,010 27,874,726 1. Long-term property rights 33,724,261 12,832,029 2. Goodwill 12,387,056 12,304,714 4. Long-term deferred development costs 234,873 502,465 5. Other long-term accrued revenue and deferred costs 1,927,820 2,235,518 II. Property, plant and equipment 2 1,301,732,514 1,189,336,408 1. Land and buildings 509,532,410 517,030,848 a) Land 27,237,926 25,685,831 b) Buildings 482,294,484 491,345,017 2. Production plant and equipment 488,440,416 448,294,882 3. Other plant and equipment 8,855,996 7,053,361 4. Property, plant and equipment being acquired 294,903,692 216,957,317 a) Property, plant and equipment in the course of construction 278,013,609 198,433,778 b) Advances for acquisition of property, plant and equipment 16,890,083 18,523,539 III. Investment property 922,758 936,992 IV. Long-term investments 3 51,541,008 49,870,537 1. Long-term investments, excluding loans 51,103,118 49,426,321 a) Shares and interests in group companies 3,034,734 26,928 b) Shares and interests in associates 1,015,126 1,060,227 c) Other shares and interests 46,932,443 46,909,871 d) Other long-term investments 120,815 1,429,295 2. Long-term loans 437,890 444,216 b) Long-term loans to others 437,890 444,216 V. Long-term operating receivables 6 3,131,217 692,280 2. Long-term operating trade receivables 30,521 38,197 3. Long-term operating receivables from others 3,100,696 654,083 VI. Deferred tax assets 4 19,300,196 23,967,671 B. CURRENT ASSETS 316,850,737 328,928,916 I. Assets (disposal groups) held for sale 401,475 210,556 II. Inventories 5 32,873,842 29,323,053 1. Materials 26,151,811 21,414,365 2. Work in progress 43,658 68,173 3. Products and merchandise 6,258,077 7,754,105 4. Advances for inventories 420,296 86,410 III. Short-term investments 7 116,375,273 103,505,751 2. Short-term loans 116,375,273 103,505,751 b) Short-term loans to others 116,375,273 103,505,751 IV. Short-term operating receivables 6 153,746,979 180,592,264 2. Short-term operating trade receivables 114,631,808 131,032,731 3. Short-term operating receivables from others 39,115,171 49,559,533 V. Cash 8 13,453,168 15,297,292 C. SHORT-TERM ACCRUED REVENUE AND DEFERRED COSTS 9 5,958,343 6,944,133 OFF-BALANCE SHEET RECORDS 10 372,404,610 312,362,776 <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>HSE</strong> | FINANCIAL <strong>REPORT</strong> OF THE <strong>HSE</strong> GROUP 147
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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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potential development projects, inc
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2.16 Important events after the end
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03 Social responsibility report 3,8
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Voluntary pension insurance HSE has
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3.1.2 Employees in the HSE Group At
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ANNUAL REPORT HSE | SOCIAL RESPONSI
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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
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- Page 119 and 120: • total equity: 187,751,171 €
- Page 121 and 122: in March 2008 and which was recorde
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