Annual report 2005 - Sava dd

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a n n u a l r e p o r t | 2 0 0 5 1 2 | Changes in the ownership of Sava d.d. associates Representative offices in the Sava Group As part of the Sava Group only the company Savatech d.o.o., Kranj has representative offices, these being in Moscow and Trieste. (v 000 SIT) % stake % stake Change in % 31/12/2004 31/12/2005 of stake in 2005 - Gorenjska Banka d.d., Kranj 40.94% 41.13% 0.19% - Limb d.o.o., Ptuj 37.50% 37.50% 0.00% TEOL d.d., Ljubljana – as the parent company - Teodora d.o.o., Ljubljana 25.00% 25.00% 0.00% SAVA TRADE d.d., Ljubljana - as the parent company - Gumitech & CO. d.o.o., Grosuplje 31.00% 0.00% -31.00% - Astra, Tehni@na Trgovina, d.o.o., Beograd 20.00% 20.00% 0.00% GOLF IN KAMP BLED d.d., Bled - as the parent company - Golf Istra d.o.o., Koper 20.00% 20.00% 0.00% TERME LENDAVA d.d. - as the parent company - Turizem Lendava d.o.o. 0.00% 33.00% 33.00% 2.3 2.4 Organisational structure of the Sava Group after the accounting period In the beginning of 2006 we slightly restructured the organisation – the operations of the companies and their classification. There were no changes either in Rubber Manufacturing with the foreign trade network or in Tourism. At the time of preparing the Annual Report, Trade was still a part of the Sava Group, however, after selling the companies from the division – Sava Trade d.d. and MG Market d.o.o., and acquiring a stake in the Merkur Group, the management of this operation in the Sava Group will change so as to participate in the profit of the trading system Merkur, which will be strengthened through the sold company Sava Trade. The operation of Chemicals is no longer pursued independently; after selling the company Color d.d. the division, since the middle of 2004, has included only the company Teol d.d., which is now being restructured. The operation of Teol d.d. will now be pursued as a part of Other Operations to which also the company for the disabled Sava Medical & Services d.o.o. was transferred from the Real Estate division. Other operations include the emerging company Energetika Sava d.o.o. established
RUBBER MANUFACTURING SAVATECH d.o.o., Kranj SAVA ROL d.o.o., Zagreb - 76% SAVA-SCHÄFER d.o.o., Kranj - 50% SAVA-GTI d.o.o., Ptuj FOREIGN TRADE NETWORK SAVA TRADE Gmbh, Munich SAVA TRADE Sp.z.o.o., Warsaw SAVA TRADE s.r.o., Prague SAVATECH TRADE Ltd., London SAVA TRADE Inc., Port Orange - 95 % 1 3 | in 2005. The company Biool d.o.o. has not yet started to operate, while the company Gea Sol Int. d.o.o. is inactive. The Real Estate division consists of the companies Sava IP d.o.o. Ljubljana with four subsidiaries and Sava Nova | i n t r o d u c t i o n | d.o.o., Zagreb. The Investment Finance division manages investments in Sava Group companies and financial investments as those in associates and other financial investments. Organisational structure of the Sava Group (companies on 31 March 2006) TRADE SAVA TRADE d.d. Ljubljana - 96.85%* MG Market d.o.o. Ljubljana - 74.50% SAVA d.d. - HOLDING BOARD OF MANAGEMENT DIVISIONS TOURISM REAL ESTATE GOLF IN KAMP BLED d.d., SAVA IP d.o.o., Ljubljana Bled - 91.60% IP NOVA d.o.o., GRAND HOTEL TOPLICE d.o.o., Ljubljana - 100% Bled - 99.36% IP NOVA A d.o.o., G & P HOTELI BLED d.o.o., Ljubljana - 100% Bled - 95.10% SAVA IPN d.o.o., TERME 3000 d.d., Ljubljana - 100% Moravske Toplice - 97.07% PC AG d.o.o., TERME LENDAVA d.d., Velenje - 50% Lendava - 93.02% SAVA IMG d.o.o., TERME PTUJ d.o.o., Pore@ - 50% Ptuj - 72.00% TERME RADENCI d.o.o., Radenci - 100.00% SAVA NOVA d.o.o., Zagreb In addition to the parent company Sava d.d. the Sava Group includes 30 companies. Our operations comprise six various divisions such as Rubber Manufacturing, Trade, Tourism, Real Estate, Other Operations and Investment Finance. We at the Sava Group continually surpass the expectations of our customers, employees, shareholders, business partners and the environment and create attractive opportunities for employing the best personnel in Slovenia. The variety of our operations is associated with the uniform principles and values that unite us in achieving common goals. OTHER OPERATIONS TEOL d.d., Ljubljana - 98.98% SAVA MEDICAL AND SERVICES d.o.o., Kranj ENERGETIKA SAVA d.o.o., Kranj BIOOL d.o.o., Kranj GEA SOL Int. d.o.o., Kranj** Companies under 100% Sava d.d. ownership INVESTMENT FINANCE INVESTMENTS IN SAVA GROUP DIVISIONS FINANCIAL INVESTMENTS Investments in associates: - Gorenjska Banka d.d. - 41.2% - Limb d.o.o. - 37.50% Other financial investments Companies under majority Sava d.d. ownership * Due to selling the companies in division and acquiring the ownership stake in the Merkur Group in Trade division will be strategically restructured in 2006 ** The company is stagnant Rubber Manufacturing includes the companies Savatech d.o.o., Sava-Schäfer d.o.o, Sava-GTI d.o.o. and Sava Rol d.o.o. as well as a network of five foreign trade companies and two representative offices. We develop innovative products of high quality for industrial applications. Sava's industrial rubber products are sought after in the building industry, car industry (from motorcycles to cars and industrial and agricultural vehicles), the graphic and paper industry, and environmental protection. Trade includes the companies Sava Trade d.d. and MG Market d.o.o. which deal in trading technical goods and chemical products as well as DIY products.
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Annual report 2005 - Sava dd

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