hse group

90 Other long-term provisions are longterm
provisions relating to long-term
deferred revenues and long-term provisions
relating to long-term accrued
costs or expenses. The majority of provisions
were made in the previous
years. In 2002 the provisions were
drawn for covering of depreciation of
tangible fixed assets purchased by a
government grant and for the covering
of loss due to impairment of tangible
fixed assets.
Long-term liabilities
SIT 40,631,573,000 11.96% of liabilities
Long-term bank loans represent almost
total long-term liabilities. The
loans were insured by drafts, acceptance
orders, guarantees or warranty of
the Republic of Slovenia.
Loans were taken from domestic and
foreign banks. Interest rates depend on
the kind of a loan, maturity and the time
of loan taking. They include also loans
that are due to be paid in a period,
longer than five years, latest to 30 June
2013. Detailed presentations of longterm
liabilities are given in annual
reports of individual companies.
Total liabilities arising from long-term
loans are settled regularly.
Short-term liabilities
SIT 23,240,122,000 6.84% of liabilities
The major share (42%) of short-term
liabilities includes bank loans and the
largest share belongs to short-term portions
of long-term loans.
The second largest share (39%) represents
supplier liabilities, followed by payables
to the state and employees
(19%).
Operating and financial liabilities among
Group enterprises amounting to SIT
9,286,227,000 were eliminated in the
consolidation process.
Accrued costs and deferred revenues
SIT 597,454,000 0.18% of liabilities
Accrued costs (expenses) and deferred
revenues include short-term accrued expenses
and short-term deferred revenues.
6.7.2 Consolidated
income statement
General
The information about the basis for the
preparation of the consolidated income
statement and about special accounting
policies, selected and applied in important
business operations and other transactions,
are presented in disclosure of
individual important revenues and expenses.
The consolidated income statement
has been prepared in accordance with
the version I in SAS 25.
In accordance with the interpretation 1
to the SAS 25 issued by the Slovenian
Institute of Auditors the data for the previous
accounting period have not been
translated in the preparation of the income
statement according to the new
Slovenian Accounting Standards, but
reasonably recorded in corresponding
items of revenues and expenses and
profit/loss of the statement currently
valid. Thereby the Group took into account
prudence and the profits/losses
remained unchanged.
In accordance with the explanation 2 to
the SAS 25 issued by the Slovenian
Institute of Auditors expenses or liabilities
for the corporate income tax are
ascertained from the joint base (from
ordinary and extraordinary activities) in
accordance with the provisions, tax on
profit from ordinary and extraordinary
activities is not presented separately in
the income statement, but is presented
as an accumulated item 19 of the income
statement.
Revenues
SIT 107,451,408,000
Revenues are recognised if during the
accounting period the increase in economic
benefits is related to the increase
of asset or to the decrease of liability and
if the relevant increase can be measured
without fail.
Revenues are recognised when no significant
uncertainty as to their collectability
exists.
Revenues denote operating, financial
and extraordinary revenues.
Operating revenues
SIT 100,891,279,000 93.89% of revenues
Sale of electric energy represents 89%
of total operating revenues of the Group.