2.8 MEUR - Gorenje - Gorenje Group

Note 11 – Associates
ANNUAL REPORT 2011
The Group’s share in profits or losses of associates was in the reporting period recorded at TEUR – 9 (2010: 0).
Assets, liabilities, revenue and expenses of associates in 2011 are outlined below:
Non-current Current Non-current Current
Company / in TEUR
assets assets liabilities liabilities Revenue Expenses Income tax Profit or loss
Econo,
Projektiranje, d.o.o.
60 474 6 365 780 -776 -1 3
GGE, d.o.o. 1,282 20 0 1,256 1 -106 0 -105
RCE, d.o.o. 725 6,275 354 4,075 504 -446 -12 46
ENVI-TECH DOO, Belgrade 11 97 0 45 188 -187 0 1
Gorenje Projekt , d.o.o. 1 5,011 0 4,680 2,014 -1,987 0 27
Note 12 – Revenue TEUR 1,422,229
in TEUR 2011 2010
Revenue from the sale of products and goods 1,342,877 1,301,536
Revenue from the sale of services 79,352 80,649
Total 1,422,229 1,382,185
Note 13 – Other operating income TEUR 52,522
in TEUR 2011 2010
Income from subsidies and donations 6,813 4,883
Rental income 1,200 1,206
Income from use and reversal of provisions 17,328 5,557
Income from use of deferred revenue relating to government
grants
3,816 3,755
Gain on disposal of property, plant and equipment 3,644 2,321
Goodwill 0 13,337
Other operating income 19,721 16,495
Total 52,522 47,554
Income from use of deferred revenue relating to government grants in the amount of TEUR 3,816 relates to
Gorenje IPC, d.o.o., a company employing disabled persons, in which government grants were used in line with
the Vocational Rehabilitation and Employment of Disabled Persons Act.
Other operating income includes mainly income from compensation for damages, income arising from the
The Management Board implementation of the company Gorenje, of the d.d. Directive on Waste Electrical and Electronic Equipment, income from write-off of debts,
and other operating income.
Rental income
in TEUR 2011 2010
Rental income – up to 1 year 522 470
Total 522 470
The Management Board of the company Gorenje, d.d. 141