Address BookHead officeINA-Industrija nafte, d.d. ZagrebAvenija V. Holjevca 10,10 002 Zagreb, Croatiap.p. 555Head office: +385 (0)1 6450 000e-mail: ina-besplatni.telefon@ina.hrINA FREE HOTLINE: 0800 1112www.ina.hrCompanies in croatia in ina’s ownershipor in which ina has equityCrosco, Naftni servisi d.o.o.Ulica grada Vukovara 18, 10 000 ZagrebTelephone: +385 (0)1 3652 333Fax: +385 (0)1 3096 448e-mail: info@crosco.comwww.crosco.comSTSI-Integrirani tehniËki servisi d.o.o.LovinËiÊeva bb, 10 000 ZagrebTelephone: +385 (0)1 2381 122Fax: +385 (0)1 2450 103e-mail: stsi@stsi.hrwww.stsi.hrMaziva-Zagreb d.o.o.RadniËka cesta 175, 10 000 ZagrebTelephone: +385 (0)1 2412 000Fax: +385 1 2412 250e-mail: maziva@maziva.hrwww.maziva.hrPROplin d.o.o.Savska cesta 41/II, 10 000 ZagrebTelephone: +385 (01) 6001 900Fax: +385 (1) 6001 955e-mail: info@info.hrwww.proplin.hrHOSTIN d.o.o.Ulica grada Vukovara 78, 10 000 ZagrebTelephone: + 385 (0)1 6155 158Fax: + 385 (0)1 6155 159e-mail: hostin@zg.htnet.hrwww.hostin.hrITR d.o.o.©ubiÊeva 29, 10 000 ZagrebTelephone: +385 1 4592 611Fax: + 385 1 4617 953Contact with clients, offices:Zagreb, Ul. grada Vukovara 78, tel. +385 (0)1 6112 012ZraËna luka Zagreb, Pleso, tel. +385 (0)1 4562 073Split, Obala Lazareta 2, tel. +385 (0)21 343 070Split, ZraËna luka, tel. +385 (0)21 203 326Rijeka, Trg Æabica bb, tel. +385 (0)51 211 058SINACO d.o.o.Sisak - Ante KovaËiÊa 1, 44 000 SisakTelephone: + 385 44 511 119,Fax: + 385 44 533 303Zagreb - Savska 41/XIII, 10000 Zagreb, CroatiaTelephone: + 385 1 6123 192;Fax: + 385 1 6123 150e-mail: sinaco@sinaco.hrwww.sinaco.hrINFORCENTAR d.o.o. ZagrebUlica grada Vukovara 78, 10 000 ZagrebTelephone: +385 1 6450 403 611,Fax: + 385 1 6452 403•166 Address Book
CROBENZ d.d. ZagrebRadniËka cesta 228, 10 000 Zagreb, CroatiaTelephone: +385 1 2415 100,Fax: + 385 1 2407 373Web: www.crobenz.hrPETROL d.d. JurdaniJurdani bb, 51213 JurdaniTelephone: +385 51 279 221,Fax: + 385 51 279 221INA-OSIJEK PETROL d.d. OsijekIvana GunduliÊa 5, 31000 OsijekTelephone: +385 31 250 670,Fax: +385 31 250 671Companies abroad in ina’s ownershipor in which ina has equityINTERINA d.o.o. LjubljanaKotnikova ulica 5, 1000 Ljubljana, SloveniaTelephone: +386 1 30 092 40INA BH d.d. SarajevoAzize ©aÊirbegoviÊ br. 4b,71 000 Sarajevo, Bosnia and HerzegovinaTelephone: +387 (33) 71 21 60,Fax: +387 (33) 71 21 61INA d.o.o. BeogradJove IliÊa 4, 11 000 Beograd, SerbiaTelephone: +381 (11) 30 99 333, +381 (11) 30 99 444INA-Crna Gora d.o.o. KotorPodgorica18 JULA 33 , 81000 Podgorica, MontenegroTelephone: +382 81 265 395 , +382 81 265 396E-mail: inacg_podgorica@cg.yuKotor©uranj b.b., 85330 Kotor, MontenegroTelephone: +382 82 322 524 ,+382 82 322 532Fax: +382 82 304 904E-mail: inacg_kotor@cg.yuHOLDINA d.o.o. SarajevoAzize ©aÊirbegoviÊ br. 4b,71 000 Sarajevo, Bosnia and HerzegovinaTelephone: +387 33 276 500,Fax: +387 33 658 616ADRIAGAS S.r.l. MilanoPiazza del Duomo 17, 2nd floor, 20123 Milano, ItalyTelephone: ++39 (2) 72 094 718,Fax: ++39 (2) 89 097 159INA HUNGARY Co. Ltd. BudapestAldas u. 5, 1025 Budapest, HungaryTelephone: +36 1 20 27 094INTER INA Ltd. LONDON112 Jermyn Street, SE1Y 6LS, London, Great BritainTelephone: +44 20 79 25 01 26Fax: +44 20 79 25 04 18INA Kosovo d.o.o.Priπtina10520 Bardhosh, KosovoTelephone: +381 38 515 811,+381 38 515 543,+381 38 515 544Fax: +381 38 515 884Annual report 2007. 167
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Table of contentsIntroduction 5INA,
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Annual report 2007
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Tomislav DragiËeviÊ, President of
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Josip PetroviÊ, Member of the Boar
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Scheme of macro-organizational stru
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Higher output in INA’srefineriesI
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Poslovno izvjeπÊeAnnual report 20
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Vision, Mission and CoreValuesINA i
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Reduction of sulphur dioxide and hy
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Healthcare, as one of the prioritie
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Intellectual propertymanagementToda
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Business Segments
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Mazrur-1STConstruction of the Mazru
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Exploration in CroatiaPannonian bas
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Investments in exploration and deve
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Oil and gas reserves as of 31 Decem
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As part of safety and environmental
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Natural gas supplyThe production of
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Over the previous year, the strong
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At the Rijeka Oil Refinery, a contr
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Annual report 200747
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Strateπko pertnerstvoIn 2006 two n
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All business processes of the Secto
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Strategic partnershipwith MOLStrate
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Financial results
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Important financialindicators for 2
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Refineries and MarketingSegments IF
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Business environmentThe following f
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(“price cap” limitation) also h
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Annual report 200767
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ContentsResponsibility for the Fina
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Responsibility for thefinancial sta
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OpinionIn our opinion, the financia
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Notes 2007 2006Investment revenue 6
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INA Group ConsolidatedBalance Sheet
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INA d.d. UnconsolidatedBalance Shee
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INA Group ConsolidatedStatement of
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INA d.d. UnconsolidatedStatement of
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INA Group ConsolidatedCash Flow Sta
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Notes 2007 2006Cash flows from fina
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In its session of 22 July 2005, the
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Management Board from 5th May 2006d
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IFRIC 11 IFRS 2: Group and Treasury
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GoodwillGoodwill arising on the acq
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Where an impairment loss subsequent
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Deferred taxDeferred tax is recogni
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The effective interest method is a
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Furthermore, the time determined fo
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3. Sales revenueRevenue represents
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7. Finance costsINA GroupINA d.d.20
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9. Earnings per shareINA Group2007
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) By asset typeINA GroupOil and gas
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- Page 137 and 138: o podjeli proizvodnje - UPP) on the
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- Page 145 and 146: By business segmentsINA GroupResear
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- Page 161 and 162: was valid throughout the year. An i
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