Annual report 2005 - Sava dd

| notes to the consolidated financial statements in accordance with IFRS |
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15. Investments in associates
The Sava Group's companies have their stakes in the following associates:
(SIT in thousands)
Stake in % Stake in %
2005 2004 2005 2004
Gorenjska Banka d. d., Kranj 41.13 40.94 29,021,099 25,557,191
Limb d.o.o., Ptuj 37.50 37.50 0 71,100
Golf Istra d.o.o., Koper 20.00 20.00 11,338 28,200
Teodora d.o.o., Ljubljana 25.00 25.00 572 572
Gumtech & Co. d.o.o., Grosuplje 0 31.00 0 0
Astra, tehni@ka trgovina d.o.o., Belgrade 20.00 20.00 0 0
Turizem Lendava d.o.o. 33.00 0 700 0
Total 29,033,709 25,657,063
Movement of investments in associates:
(SIT in thousands)
2005 2004
Initial balance 25,657,063 18,788,504
Acquisitions 133,920 3,427,067
Attributable profits 4,692,039 3,895,152
Paid dividends -1,361,350 -552,960
Impairment -87,963 0
Year end balance 29,033,709 25,657,063
Important financial data about the biggest associate – Gorenjska Banka d.d., Kranj:
(SIT in thousands)
2005 2004
Assets 320,155,994 279,687,949
Liabilities and provisions 256,954,135 220,715,717
Equity 63,201,859 58,972,232
Revenues 32,676,917 25,462,522
Profit 11,407,826 9,500,370