DARS_porocilo 2007 ANG.indd

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TOTAL NEW MOTORWAYS 498,864,109 534,183,393 107 TOTAL FINISHING WORKS ON MOTORWAYS CONSTRUCTED AFTER 1994 TOTAL FINISHING WORKS ON MOTORWAYS CONSTRUCTED BEFORE 1994 18,230,604 17,718,296 97 9,180 262,082 2855 ELABORATION OF DESIGN AND OTHER DOCUMENTS FOR MOTORWAY SECTIONS AFTER 2007 ACQUISITIONS OF LAND AND OTHER REAL PROPERTY FOR MOTORWAY SECTIONS AFTER 2007 5,769,066 2,801,524 49 3,338,341 958,236 29 DRAGONJA International border crossing 1,251,878 1,194,133 95 ŠMARJE - DRAGONJA: Dragonja bypass road 834,585 0 0 IG TRAINING CENTER 125,188 0 0 Traffic Surveillance and Management Centre and Toll Collection Centre (Dragomelj) 1,669,170 307,968 18 TRAFFIC SURVEILLANCE AND MANAGEMENT SYSTEM (ITS) 6,948,385 6,336,192 91 VPD COORDINATION COSTS 292,105 210,685 72 QUALITY CONTROL 271,240 240,260 89 AUDITS (ZGO-1) 629,999 938,355 149 ENLARGEMENT OF EXISTING TOLL COLLECTION BOOTHS 0 99,177 - ELECTRONIC TOLL COLLECTION SYSTEM 7,368,386 403,344 5 Abolition of international border crossings in the area of motorways and expressways 0 281,472 - CONSTRUCTION OF CONNECTING ROADS 5,959,911 3,210,344 54 MOTORWAY RESURFACING AND REPLACEMENT OF FIXTURES 45,370,001 40,365,525 89 TOTAL (not including prepayments of agent compensation) 596,932,148 609,510,986 102 AGENTS COMPENSATION 31,070,065 30,049,597 97 TOTAL (not including liabilities from loans and bonds) 628,002,213 639,560,583 102 LIABILTIIES FROM LOANS AND BONDS 106,175,543 112,309,444 106 GRAND TOTAL 734,177,756 751,870,027 102 Note: Amounts include VAT. Completed motorway construction and reconstruction works refers to completed works and liabilities from borrowings and bonds in accordance with the provisions of the Agreement on the Performance of Contracts relating to the construction and reconstruction of motorways, financial engineering, and other related tasks under the National Motorway Construction Programme. The agent compensation is lower than planned because this item also includes the final settlement of compensation for 2006 (credit note) on the basis of actual values specified in the Report on the development and rehabilitation of motorways in 2006. 25 ANNUAL REPORT DARS d.d. 2007 BUSINESS REPORT
Revenue of DARS d.d. 2007 Revenue Type of revenue 2007 (EUR) 2006 (EUR) Index Share (%) 2007/2006 in 2007 Revenue under the Agreement on the Performance of Contracts in line with the National Motorway 26,398,091 17,882,299 148 12 Construction Programme Tolls collected, rentals, motorway closures, extraordinary freight transports and other revenue 184,726,120 160,453,139 115 87 Tolls collected 174,719,492 151,951,470 115 82 Rentals 4,380,392 3,988,316 110 2 Motorway closures and extraordinary freight transports 1,406,321 1,229,410 114 1 Easements 162,073 67,069 242 0 Lease of optical fibre/telecommunications lines 427,929 0 — 0 Other sales revenue 1,385,599 202,069 686 1 Other operating revenue(insurance benefits,...) 2,244,314 3,014,804 74 1 Financial revenue 1,381,930 2,077,371 67 1 Other revenue 85,167 24,912 342 0 TOTAL 212,591,308 180,437,720 118 100 In the 2007 financial year, the revenue of the Company amounted to EUR 212,591,308, which is 18 percent above the 2006 figure and 8 percent more than foreseen in the 2007 Business Plan of DARS d.d. (hereinafter: 2007 BP). • Revenue under the Agreement on the Performance of Contracts totalled EUR 26,398,091 and increased by 48% in comparison with 2006. A comparison with the previous year is not appropriate due to the final settlement of VAT payments in the period from 2004-2006. • The growth of revenue was largely the result of increased tolls collected, which amounted to EUR 174,719,492 and were 15 percent above the 2006 figure. They accounted for 82 percent of the Company’s total revenue. • Rental revenue amounted to EUR 4,380,392 and was mostly generated from the lease of areas adjacent to motorways to be used for the performance of catering activities and the erection of base stations and mobile telephone repeaters. Rental revenue accounted for 2 percent of the total revenue, and increased by 10 percent in comparison with 2006. • Revenue from motorway closures and extraordinary freight transports amounted to EUR 1,406,321 in 2007, which is 14 percent above the 2006 figure. Motorway closures included closures of individual motorway sections due to reconstruction works or the elimination of defects within the warranty period. Revenue from extraordinary freight transports comprised revenue from extraordinary transports on motorways. 26 ANNUAL REPORT DARS d.d. 2007 BUSINESS REPORT
Page 1 and 2: A N N U A L R E P O R T 2 0 0 7
Page 3 and 4: Contents 6 9 10 11 11 12 13 13 13 1
Page 5 and 6: 66 66 67 67 68 69 69 69 70 71 73 74
Page 7 and 8: LETTER OF THE MANAGEMENT BOARD A Ye
Page 9 and 10: 8 LETNO ANNUAL PORO»ILO REPORT DAR
Page 11 and 12: Financial Highlights 2007 2006 Shar
Page 13 and 14: Organisation The organisation of th
Page 15 and 16: Management Board As laid down in th
Page 17 and 18: 16 LETNO ANNUAL PORO»ILO REPORT DA
Page 19 and 20: Mission, Vision, Strategic Goals, a
Page 21 and 22: Key Business Events in 2007 • In
Page 23 and 24: Analysis of Business Performance To
Page 25: Completed Construction and Reconstr
Page 29 and 30: Shares of individual types of expen
Page 31 and 32: Business Activities of the Company
Page 33 and 34: International Cooperation Departmen
Page 35 and 36: Finance and Marketing Division Fina
Page 37 and 38: Toll Collection Division Toll colle
Page 39 and 40: The activities carried out in the a
Page 41 and 42: Within the scope of rehabilitation
Page 43 and 44: A new 48-fibre optical cable was in
Page 45 and 46: Owing to the exceptional increase i
Page 47 and 48: Environmental Management Environmen
Page 49 and 50: Staff Recruitments and Departures I
Page 51 and 52: 50 ANNUAL REPORT DARS d.d. 2007 FIN
Page 53 and 54: Notes to the Financial Statements T
Page 55 and 56: Accounting Policies The financial s
Page 57 and 58: Depreciation / Amortisation The car
Page 59 and 60: Short-term investments In accordanc
Page 61 and 62: Short-term Operating Liabilities Sh
Page 63 and 64: Expenses Expenses are recognised if
Page 65 and 66: Valutation Method Applied to the St
Page 67 and 68: Short-term Investments in other Ent
Page 69 and 70: Long-term Operating Liabilities Ari
Page 71 and 72: Financial Statements of DARS d.d. T
Page 73 and 74: in EUR 31 Dec 2007 31 Dec 2006 (wit
Page 75 and 76: Consolidated cash flow statement fo
Page 77 and 78:
Statement of changes in equity in t
Page 79 and 80:
Notes to the Financial Statemants N
Page 81 and 82:
Intangible assets Intangible assets
Page 83 and 84:
Pursuant to the Concession Agreemen
Page 85 and 86:
Short-term operating receivables in
Page 87 and 88:
Equity The movement in equity is sh
Page 89 and 90:
Short-term operating liabilities in
Page 91 and 92:
Notes to the balance sheet of state
Page 93 and 94:
Property, plant and equipment and i
Page 95 and 96:
Off balance sheet items Off balance
Page 97 and 98:
a) Borrowings from the Consortium o
Page 99 and 100:
h) Borrowings from Kreditanstalt f
Page 101 and 102:
Long-term liabilities from motorway
Page 103 and 104:
Short-term trade liabilities in EUR
Page 105 and 106:
Additional disclosures in the incom
Page 107 and 108:
Costs of materials and services in
Page 109 and 110:
The remunerations of members of the
Page 111 and 112:
Income tax Income tax is levied und
Page 113 and 114:
Events after the Balance Sheet Date
Page 115 and 116:
115 ANNUAL REPORT DARS d.d. 2007 FI
Page 117 and 118:
117 ANNUAL REPORT DARS d.d. 2007 AU
Page 119 and 120:
119 LETNO PORO»ILO DARS d.d. 2007
Page 121 and 122:
121 ANNUAL REPORT DARS d.d. 2007 AU
Page 123 and 124:
The Company does not implement the
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