hse group

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Relevant data about long-term investments for 2002
Company Registrated Ownership share Capital as Net
office of HSE d.o.o. as of of 31. December profit/loss
31. December 2002 2002 in SIT 000 in SIT 000
Dravske elektrarne Maribor d.o.o. Maribor 79.4% 94,660,480 2,400,388
Savske elektrarne Ljubljana d.o.o. Medvode 79.5% 35,022,119 246,273
Soπke elektrarne Nova Gorica d.o.o. Nova Gorica 79.5% 33,319,469 274,543
Termoelektrarna Brestanica d.o.o. Brestanica 79.5% 8,437,087 120,346
Termoelektrarna ©oπtanj d.o.o. ©oπtanj 79.5% 49,015,012 (795,902)
Premogovnik Velenje d.d. Velenje 77.7% 32,743,836 (597,260)
HSE Invest d.o.o. Maribor 100.0% 10,318 7,818
HSE - IIP d.o.o. Sevnica 100.0% 2,485 (15)
TDR - Metalurgija d.d. Ruπe 74.4% 3,693,826 (2,539,221)
power. Receivables due from the
state for the refund of the VAT also
represent an important share.
In 2002 the value of receivables was
neither increased not impaired,
since the receivables were paid on
time or slightly later and correspond
to their fair value. At the end of the
year 92% of the receivables due from
customers were not due yet and 8%
were due up to three months.
Receivables due from foreign partners
are translated on the date of
their accrual at the middle exchange
rate of the Bank of Slovenia. If the
It was estimated that the fair value of
long-term investments equals their
book value.
Inventories
SIT 327,502,000
0.17% of assets
Inventories include coal for the production
of electric and thermal energy
provided in TE©.
If prices of newly purchased quantity
units differ from the prices of quantity
units of the same kind in stock, the
method of successive prices (FIFO) is
applied during the year for the decrease
of these quantities.
Since inventories are currently used,
the net realizable vale of inventories
has not been established.
Receivables
SIT 11,577,213,000
6.03% of assets
On initial recognition, receivables of
all categories are reported in amounts
recorded in the relevant book-keeping
documents under the assumption
that the amounts owed will also be
collected. Initial receivables may be
subsequently increased or, irrespective
of the received payment or another
settlement, also decreased by any
amount based on a contract.
Short-term operating receivables as of 31 December 2002
in SIT 000
Short-term trade receivables 10,211,304
Short-term advances for services 2,633
Short-term receivables for interest 38,160
Short-term receivables from the state 1,324,092
Other short-term receivables 1,024
Granted advances are recorded in
the balance sheet in connection with
the items to which they refer.
Short-term operating receivables
mainly include receivables due from
customers, from the sales of electric
exchange rate changes subsequently,
the amount of receivables is adequately
corrected or revalued and
exchange losses/gains increase financial
revenues or expense.