DARS_porocilo 2007 ANG.indd

More documents

Recommendations

Info

Valutation Methods Applied to the Company-Owned Balance Sheet Items Intangible Assets Intangible assets comprise investments in acquired industrial property rights (licenses, software). Intangible assets are initially recognised at cost, which comprises their purchase price and any costs incurred in preparing them for their intended use. Intangible assets are usually not revalued due to their increase in value. Intangible assets are presented in the balance sheet as a collective item at their carrying amount, which is the amount at which an asset is recognised after deducting any accumulated amortisation from its cost. Property, Plant and Equipment Property, plant and equipment comprise land, buildings, equipment, and tangible assets being constructed or manufactured, and are presented in the balance sheet as a collective item, by type of assets, at their carrying amount, which is the amount at which an asset is recognised after deducting any accumulated depreciation from its cost. Assets that can no longer be used because they are defective, obsolete, or similar, are permanently withdrawn from use. An item of property, plant and equipment is, on initial recognition, measured at cost. This comprises its purchase price, import duties and non-refundable purchase taxes, as well as any directly attributable costs of bringing them into working condition. Subsequent expenses associated with property, plant and equipment increase their cost, if they increase the future economic benefits generated by such assets in excess of the originally assessed ones. Subsequent expenses that result in an extension of the useful life of an item of property, plant and equipment reduce its accumulated depreciation. Repair and maintenance costs incurred to restore or maintain the future economic benefits expected from the originally assessed standard of performance of an existing item of property, plant and equipment are recognised as expenses when incurred. The difference between the net disposal proceeds and the carrying amount of an item of property, plant and equipment disposed of shall be recognised as operating revenues from revaluation if the first exceeds the latter, or as operating expenses from revaluation if the latter exceeds the first. In 2007, company-owned property, plant and equipment were not revalued. 55 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT
Depreciation / Amortisation The carrying amount of property, plant and equipment and intangible assets is reduced by the amount of depreciation / amortisation. The depreciation of property, plant and equipment and the amortisation of intangible assets are calculated based on their cost. The depreciation of an item of property, plant and equipment begins on the first day of the following month after it has been made available for use. The amortisation of an item of intangible assets begins when the asset is available for use. Amortisation / depreciation is calculated for each asset separately, using the straight line method. Land is not depreciated. Intangible assets and property, plant and equipment are amortised / depreciated at the following rates set by the Management Board: Asset Amortisation/depreciation Amortisation/depreciation rate up to 1 January 2007 rate as of 1 January 2007 Software 50 % 50 % Buildings 5 % 3 % Parts of construction buildings / 6 % Equipment (office furnishings, workshop equipment, maintenance 25 % 20 % equipment, office supplies, etc.) ETC system equipment and devices 25 % 20 % Computers and computer equipment 50 % 50 % Personal cars 12.50 % 20 % Machinery 25 % 20 % Low-value assets 25 % 20 % The depreciation/amortisation rates specified in Resolution no. 64/27 of 22 March 2005 as adopted by the Management Board shall be applicable for the property, plant and equipment and intangible assets that began to be depreciated / amortised prior to the effective date of ZDDPO-2 until they are fully amortised / depreciated. The annual amortisation / depreciation charge is recognised as an expense. Property, plant and equipment and intangible assets shall continue to be depreciated amortised until an asset is fully depreciated/amortised, even if the asset is no longer in use or is withdrawn from use. 56 ANNUAL REPORT DARS d.d. 2007 FINANCIAL 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 and 26: Completed Construction and Reconstr
Page 27 and 28: Revenue of DARS d.d. 2007 Revenue T
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: Accounting Policies The financial s
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
show all

DARS_porocilo 2007 ANG.indd

Create successful ePaper yourself

Delete template?

Save as template?