Annual report 2005 - Sava dd
Annual report 2005 - Sava dd
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<br />
1 6 0 |<br />
6. Labour costs<br />
(SIT in thousands)<br />
LABOUR COSTS <strong>2005</strong> 2004<br />
Wages and salaries 9,379,542 8,635,424<br />
Social security expense 1,673,150 1,579,994<br />
Other labour cost 2,227,538 2,163,036<br />
Total 13,280,230 12,378,454<br />
Other labour cost includes paid employee holiday<br />
allowance, other compensations in accordance with the<br />
collective agreement (meals and commuting to and from<br />
work) and provisions for severance pay and employee<br />
7. Impairment losses and write-offs<br />
IMPAIRMENT LOSSES AND WRITE-OFFS <strong>2005</strong><br />
(SIT in thousands)<br />
2004<br />
Impairment of property, plant and equipment 0 728,883<br />
Write-offs of property, plant and equipment 42,382 235,959<br />
Write-offs of investment property 7,171 0<br />
Write-offs of intangible assets 51,431 21,999<br />
Inventories 98,282 144,194<br />
Receivables 177,072 324,928<br />
Total 376,338 1,455,963<br />
8. Other operating expenses<br />
(SIT in thousands)<br />
OTHER OPERATING EXPENSES <strong>2005</strong> 2004<br />
Other operating expenses 521,204 636,663<br />
Other operating expenses mainly consist of contributions<br />
for a building plot and formation of non-current<br />
jubilee benefits accounted on the basis of actuary<br />
calculation.<br />
3,062 employees were employed in <strong>2005</strong>, while in 2004<br />
the employee number totalled 3,014.<br />
provisions. They do not represent a significant share in<br />
the operating expenses structure.<br />
(SIT in thousands)<br />
OTHER INFORMATION ABOUT EXPENSES <strong>2005</strong> 2004<br />
Research and development costs 1,921 4,989<br />
Restructuring costs 4,252 2,126<br />
Direct operating expenses for investment property 131,922 131,459<br />
Rent-generating 106,966 102,724<br />
Revenue non-generating 24,956 28,735