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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
- 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 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
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- Page 108 and 109: BALANCE SHEET (continued) ITEM NOTE
- Page 110 and 111: 4.6 Cash flow statement ANNUAL REPO
- Page 112 and 113: ANNUAL REPORT HSE | FINANCIAL REPOR
- 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
- Page 136 and 137: 05 Financial report of the HSE grou
- Page 138 and 139: • investments of controlling comp
- Page 140 and 141: nomic benefits expected on the basi
- Page 142 and 143: ANNUAL REPORT HSE | FINANCIAL REPOR
- Page 144 and 145: expenses include losses on the disp
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ANNUAL REPORT HSE | FINANCIAL REPOR
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BALANCE SHEET (continued) ANNUAL RE
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5.5 Consolidated cash flow statemen
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ANNUAL REPORT HSE | FINANCIAL REPOR
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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