DARS_porocilo 2007 ANG.indd

Provisions and long-term accrued costs and deferred revenue
Movement in provisions and long-term accrued costs and deferred revenue in 2007:
in EUR Balance Use in 2007 Reversal Additional Balance
(without cents) 1 Jan 2007 in 2007 setting 31 Dec 2007
up in 2007
Claims relating to motorway
operation and maintenance
863,007 11,230 133,478 90,906 809,205
Claims relating to employment 521,288 88,873 318,710 57,581 171,286
Redundancies due to a change
in the toll system
Provisions for termination benefits
upon retirement
599,297 8,685 293,746 884,358
1,196,686 52,407 62,129 1,206,408
Provisions for jubilee benefits 524,646 60,055 55,405 519,996
Provisions for supplementary
pension insurance
Depreciation of holiday facilities
and apartments
35,804 15,974 32,497 52,327
37,936 12,692 160,705 185,949
Return of ETC tags 1,109,784 1,941 264,808 968,709 1,811,744
Total 4,888,448 243,172 725,681 1,721,678 5,641,273
Provisions and long-term accrued costs and deferred revenue were made as follows:
a) Provisions were made for long-term accrued costs of contingent loss arising from claims in association
with motorway operation and maintenance in the amount of EUR 809,205 and claims by employees
under labour disputes in the amount of EUR 171,286;
b) In 2007, provisions (the third quarter) were made in the amount of EUR 293,746 for long-term
accrued costs relating to employment as a result of a transition to the new satellite toll system. The
estimated number of redundancies due to the change in the toll system is 300. A number of redundant
employees will be requalified for other jobs, particularly for toll control, in line with internal needs. The
remaining quarter of estimated costs relating to employment will be charged against the results of the
Company’s operations in 2008.
c) Based on the actuarial calculation, provisions for termination benefits upon retirement and jubilee
benefits were made as at 31 December 2007 in the amount of EUR 117,534.
d) As at 31 December 2007, provisions were made in the amount of EUR 32,497 for termination pays
upon retirement to those employees not included in the pension scheme of collective supplementary
pension insurance under the agreement concluded between trade unions and the Company.
e) In previous periods, long-term accrued costs and deferred revenue were set up from donations in an
amount equal to the cost of holiday facilities and apartments to cover depreciation expense for holiday
facilities, including furniture, and apartments over the entire useful life. In 2007, these provisions were
reduced by depreciation expense in the amount of EUR 12,692 EUR. Additional provisions were set up
for the acquisition of furniture for holiday facilities in the amount of EUR 1,889 and for the transfer of
the Hrušica residential block, whose ownership had been transferred, under contract, by the Republic
of Slovenia to the Public Company for Road Maintenance in 1991, from the register of the state-owned
assets to the register of company-owned assets, in the carrying amount of EUR 158,816.
f) Provisions were made for contingent liabilities arising from the return of purchase money upon the
possible return of ETC tags in the amount of EUR 1,811,744 (the buyers of ETC tags are entitled to
return ETC tags within seven years from the date of purchase).
87 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT