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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

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