DARS_porocilo 2007 ANG.indd

Equity
The movement in equity is shown in the Statement of Changes in Equity for the period from 1 January
2007 to 31 December 2007 on the page 75. Described in the relevant note are also the reasons for any
change in the items of equity. The equity is in its total amount a part of the Company’s net worth.
The equity reflects the Company’s financing from own resources and represents the Company’s liability
to its owners. It is determined by both the amounts invested by owners and the amounts generated in the
course of operation of the Company that belong to the owners.
The share capital of the Company is defined in the Articles of Association and registered in the court
register. It represents the contribution of the Republic of Slovenia as its sole shareholder. The share
capital of the Company amounts to EUR 212,823 and is divided into 5,100 non par value shares. As at
31 December 2007, the book value of a share amounted to EUR 9,612.49 and was higher by 21.66%
compared to the book value as at 31 December 2006. It has been calculated as a ratio between the total
amount of equity and the number of shares.
The initial shares give their holders the right to participate in the management of the Company, the right
to a profit share (dividend), and the right to a respective part of the remainder of assets upon liquidation
or bankruptcy of the Company. Based on the resolution of the General Meeting on the issue of shares,
subsequently issued shares may be bearer or registered shares, ordinary or preference shares. In case
of a change in equity, the share of votes held by the founder of the Company in the General Meeting shall
not fall under 51%.
In accordance with the resolution adopted by the General Meeting of the Company, the equity decreased
in 2007 by the amount of dividend payout and remuneration to the members of the Supervisory Board
totalling EUR 1,775,978.
Net profit or loss for the period amounted to EUR 10,504,137. In compliance with the Companies Act, the
Management Board decided to appropriate one half of net profit or loss for the period to other revenue
reserves. The Supervisory Board approved the proposed appropriation to other revenue reserves which
are recorded accordingly in the financial statements of the Company.
The Management Board and the Supervisory Board proposed that the General Meeting approve the
appropriation of 2007 accumulated profit in the amount of EUR 5,252,069 as follows:
• EUR 5,147,840 for dividend payout, and
• EUR 104,229 for remuneration to members of the Company’s Supervisory Board.
86 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT