DARS_porocilo 2007 ANG.indd

Long-term liabilities from bonds
a) DARS bonds of first issue (DRS1)
In 2004, the bonds of first issue, designated as DRS1, were issued in the aggregate nominal amount of
EUR 56,042,397. The principal is due in its total amount in 2024. The bonds are traded on the free market
of the Ljubljana Stock Exchange.
b) DARS bonds of second issue (DRS2)
In 2005, the bonds of second issue, designated as DRS2, were issued in the aggregate nominal amount of
EUR 61,759,306. The principal is due in its total amount in 2025. The bonds are traded on the free market
of the Ljubljana Stock Exchange.
c) DARS bonds of third issue (DRS3)
In 2005, the bonds of third issue, designated as DRS3, were issued in the aggregate nominal amount of
EUR 42,563,846. The principal is due in its total amount in 2020. The bonds are traded on the free market
of the Ljubljana Stock Exchange.
In accordance with the Motorway Company in the Republic of Slovenia Act (ZDARS) and the Agreement
on the Performance of Contracts, the Company borrows funds in its own name and for the account of the
State for the purpose of financing motorway construction and reconstruction. The liabilities arising from
the issued bonds are secured by a State guarantee.
Long-term operating liabilities for state-owned assets under management
in EUR 31 Dec 2007 31 Dec 2006
(without cents)
1. Liabilities from motorways transferred to assets under management 777,928,689 867,105,018
2. Liabilities from collected earmarked funds for motorway construction 1,301,687,434 1,288,647,119
3. Liabilities from tolls collected prior to 1 January 2004 and earmarked for
motorway construction, repayment of principal and interest on borrowings
4. Liabilities from interest received on deposits and sight funds in
transaction accounts
5. Liabilities from insurance benefits for damages on motorways prior to
1 January 2003
255,444,917 255,444,917
4,075,289 3,916,270
820,316 820,316
6. Liabilities from funds received under the Concession Agreement 232,889,746 162,891,127
7. Liabilities from paid-in surplus upon the issue of bonds 4,372,809 4,372,809
8. Liabilities from assets under management acquired upon the merger with PVAC 3,749,779 3,908,594
9. Liabilities from non-repayable funds granted by the Cohesion Fund 41,262,612 27,178,252
10. Liabilities from the EU funds for the TEMPO international project 1,839,950 667,479
11. Liabilities from the funds of the European Regional Development Fund 431,258
12. Liabilities from the EU financial support for TEN-T 2,277,256
Total 2,626,780,055 2,614,951,901
100 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT