ANNUAL REPORT - HSE

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We wish to relax We enjoy nature Nature charms us by its beauty We keep nature pristine We clean up behind us
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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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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
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: 2.16 Important events after the end
Page 89 and 90: HR policy Our human resources polic
Page 91 and 92: for course type, electrical enginee
Page 93 and 94: 3.2 Responsibility to the natural e
Page 95 and 96: combines various interests in its a
Page 98 and 99: 04 Financial report of the company
Page 100 and 101: ANNUAL REPORT HSE | FINANCIAL REPOR
Page 102 and 103: efits was estimated on the basis of
Page 104 and 105: 4.2 Management’s statement As Man
Page 108 and 109: BALANCE SHEET (continued) ITEM NOTE
Page 110 and 111: 4.6 Cash flow statement ANNUAL REPO
Page 114 and 115: Exposure to risks associated with i
Page 116 and 117: Cost and accumulated depreciation o
Page 118 and 119: Changes in long-term investments in
Page 120 and 121: Changes in deferred tax assets DEFE
Page 122 and 123: Breakdown of receivables by maturit
Page 124 and 125: (11) Provisions € 19,175,683 At t
Page 126 and 127: As part of transferring the joint v
Page 128 and 129: 4.8.2 Income statement General Info
Page 130 and 131: Costs by functional group TYPE OF C
Page 132 and 133: 4.8.4 Statement of changes in equit
Page 134 and 135: We achieve a goal We gain impetus W
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05 Financial report of the HSE grou
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• investments of controlling comp
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nomic benefits expected on the basi
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ANNUAL REPORT HSE | FINANCIAL REPOR
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expenses include losses on the disp
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BALANCE SHEET (continued) ANNUAL RE
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5.5 Consolidated cash flow statemen
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Cost and accumulated amortisation o
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(3) Long-term investments € 51,54
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(7) Short-term investments € 116,
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(12) Provisions and long-term accru
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(15) Short-term accrued costs and d
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Types of operating expenses TYPES O
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5.7.3 Consolidated cash flow statem
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Work demands relaxation Relaxation
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Termoelektrarna Šoštanj d.o.o. Ad
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ABBREVIATIONS AHP Austrian hydro po
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ANNUAL REPORT - HSE

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