hse group

Operating revenues among the
Group enterprises amounting to SIT
69,636,658,000 were eliminated in
the consolidation process.
Financial revenues
SIT 2,138,275,000
1.99% of revenues
Financial revenues of the Group are revenues
from the sale of investments,
revenues from interest on investments
and revenues from revaluation of investments
and receivables.
Financial revenues among the Group
enterprises amounting to SIT
649,459,000 were eliminated in the
consolidation process.
Extraordinary revenues
SIT 4,421,854,000 4.12% of revenues
Extraordinary revenues from the drawing
of negative goodwill for covering of
current loss of subsidiaries amounting
to SIT 3,636,451,000 were presented in
the consolidation process, other extraordinary
revenues mostly refer to the
compensation received.
Expenses
SIT 93,057,737,000
Expenses are recognised if during the
accounting period the decrease in economic
benefits is related to the decrease
of asset or to the increase of liability
and if the relevant decrease can be
measured without fail.
Expenses denote operating, financial
and extraordinary expenses.
Operating expenses
SIT 87,289,872,000 93,80% of revenues
Costs of goods, material and services
mainly include:
• Cost of purchase of electricity
• Cost of material, spare parts and
services for the maintenance of
tangible fixed assets
• Cost of fuel and lubricants.
Labour costs include cost of wages and
salaries, social security contributions,
cost of additional pension insurance and
Amortisation/depreciation rates of
intangible and tangible fixed assets of the Group
other labour cost. The Group formed no
short-term provisions related to the
revaluation of labour cost because of the
profit/loss.
The majority of write-offs of value represent
amortisation/depreciation of intangible
and tangible fixed assets amounting
to SIT 17,170,486,000; a minor share
represents revaluatory operating expenses
because of appraisals.
The Group applies straight-line depreciation.
Assets are amortised/depreciated
individually on the basis of the foreseen
useful life.
In case of tangible fixed assets purchased
by government grants the
depreciation is accounted for separately
and long-term provisions are drawn for
its amount and adequate revenues are
presented.
Buildings 1 - 8%
Production equipment 1 -15%
Other equipment 5 - 33.33%
Hardware 33.33 - 50%
Intangible fixed assets 20 - 33.33%
Similar depreciation rates are used for
similar tangible fixed assets in the
Group; uniformity of production equipment
is unreal, since the activities of
the companies are very different.
Other operating expenses mainly include
contribution for the use of building
land, water-related contribution, expenses
for protection of the environment and
licence contribution to the state.
Operating expenses among the Group
enterprises amounting to SIT
69,636,658,000 were excluded in the
consolidation process.
Financial expenses
SIT 5,464,415,000
5.87% of revenues
Financial expenses of the Group are
expenses for interest on short- and
long-term liabilities and expenses for
the revaluation of these liabilities.
Financial expenses among the Group
enterprises amounting to SIT 25,000 were
excluded in the consolidation process.
Extraordinary expenses
SIT 303,450,000 0.33% of revenues
Financial expenses of the Group are
expenses for interest on short- and
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