Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
(SIT in thousands)
2005 2004
Balance at 01/01 32,141,290 17,880,283
Purchase 11,858,738 12,307,705
Revaluation to fair value -4,860,547 7,074,588
Disposals -5,348,832 -4,392,639
Impairment -360,372 -728,647
Balance at 31/12 33,430,277 32,141,290
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16. Non-current securities
In the Sava Group non-current securities are all
classified as available for sale. They represent a
financial potential that in the future will be invested in
accordance with the Group's business strategy. The
major part of equity securities are shares of the
companies that are listed on the Ljubljana or other stock
exchanges.
(SIT in thousands)
2005 2004
Shares of listed companies 30,801,240 25,449,885
Shares and stakes of non-listed companies 2,629,037 6,691,405
Total 33,430,277 32,141,290
Movement of equity securities available for sale:
17. Non-current receivables
(SIT in thousands)
2005 2004
Receivables due to financial leasing 2,172,467 0
Granted non-current loans 297,890 0
Other non-current financial receivables 30,940 177,649
Other non-current operating receivables 203,154 264,826
Total 2,704,451 442,475
The contract about the financial leasing of unfurnished
offices for the needs of the government bodies was
concluded for a period of 15 years. The contract interest
rate amounts to 4.296 per cent and is subject to annual
adjustment.
In 2005 financial revenues arising from financial leasing
in the amount of 38,428,000 tolars were realised. Nonearned
financial revenues arising from financial leasing
calculated at an effective interest rate totals 607,877,000
tolars.