DARS_porocilo 2007 ANG.indd

Pursuant to the Concession Agreement, any equipment and devices required for its implementation shall
be constructed or acquired for the account of the State within the scope of motorway construction for
those motorway sections whose construction was in progress at the time of the signing of the Concession
Agreement, or started to be constructed in 2004. The title to the respective equipment and devices
shall be transferred by the concedent to the concessionaire. Pursuant to the Concession Agreement and
the Motorway Company of the Republic of Slovenia Act (ZDARS), the Company’s Management Board
adopted a resolution on the transfer, in 2007, of equipment and devices from the register of state-owned
property, plant and equipment under management of the Company to the register of company-owned
property, plant and equipment with the purpose of enabling the Company to perform the activities
under the Concession Agreement. The assets thus transferred were recorded at the carrying amount
of EUR 52,021. As the result of this transfer, the Company’s liabilities arising from state-owned assets
under management increased accordingly. When the Government of the State adopts a resolution on the
transfer of assets to the Company, the liabilities arising from the assets will decrease accordingly. On the
other hand, capital surplus will increase. In case of a transfer against payment, liabilities will be settled
by transfer of cash.
The transferred non-financial assets comprise equipment and devices required for motorway
maintenance.
The transfer of assets from the register of state-owned assets to the register of company-owned assets
at the carrying amount of EUR 158,816 refers to the Hrušica residential block whose ownership was
transferred, under contract, by the Republic of Slovenia to the Public Company for Road Maintenance in
1991.
At the year-end inventory of property, plant and equipment, an inventory deficit was found, of which the
cost amounted to EUR 3,148 and the carrying amount to EUR 7.
Long-term investments
Movement in long-term investments in 2007:
in EUR Other shares Other long-term Total
(without cents) and interests investments
Gross amount
Balance at 31 December 2006 964 667,668 668,632
Increase 6,009 6,010
Decrease
Balance at 31 December 2007 964 673,677 674,641
Net amount at 31 December 2006 964 667,668 668,632
Net amount at 31 December 2007 964 673,677 674,641
Other long-term investments comprise the bonds BCE09 issued by Banka Celje in the amount of EUR
673,677, with the coupon interest rate of 3.90% and the maturity of 5 years (the final maturity of bonds
is 15 April 2010).
82 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT