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118<br />
<strong>Gorenjska</strong> <strong>banka</strong>, d. d., Kranj<br />
<strong>Annual</strong> <strong>Report</strong> 2011<br />
Financial <strong>Report</strong><br />
In thousands of EUR<br />
2011 2010<br />
39. Reserves and retained earnings<br />
Reserves from profit:<br />
Statutory reserves 94,309 94,150<br />
Reserves for treasury shares 18,650 18,650<br />
Legal reserves 59,840 59,756<br />
Other reserves 170,372 170,372<br />
343,171 342,928<br />
Retained earnings 1,464 21,427<br />
Revaluation reserves (12,170) (2,069)<br />
332,465 362,285<br />
Movements in reserves were as follows:<br />
Statutory reserves<br />
At 1 January 94,150 92,122<br />
Transfer from retained earnings 160 2,003<br />
Transfer from/(to) reserves for treasury shares - 25<br />
At 31 December 94,309 94,150<br />
Legal reserves<br />
At 1 January 59,756 58,701<br />
Transfer from retained earnings 84 1,055<br />
At 31 December 59,840 59,756<br />
Retained earnings<br />
At 1 January 21,427 24,792<br />
Income from current year 1,680 21,092<br />
Dividend (21,399) (21,399)<br />
Transfer to other reserves - -<br />
Transfer to statutory reserve (160) (2,003)<br />
Transfer to legal reserve (84) (1,055)<br />
At 31 December 1,464 21,427
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