Annual report 2005 - Sava dd

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20. Current loans
22. Equity and reserves
Issued capital
The approved share capital that was totally paid in
amounts to 20,069,870,000.00 tolars. It is divided into
2,006,987 shares with a nominal value of 10,000 tolars
each. The holders of shares are entitled to a dividend in
accordance with the resolution as adopted by the
Shareholders' Meeting. The ownership structure and its
changes are described in chapter 11 of the Annual
Report The Sava share and ownership structure.
The balance and movement of equity is clear from the
statement of changes in equity.
Share premium
The share premium amounts to 30,100,770,000 tolars. It
originates from:
• equity reserves that were formed on the basis of
privatisation regulations in the amount of
12,178,885,000 tolars;
• revaluating issued capital by price indices, which
according to Slovene Accounting Standards was
carried out until the end of 2001, in the amount of
12,773,885,000 tolars; and
• in 2004 the additionally paid in capital that amounted
to 5,148,000,000 tolars.
(SIT in thousands)
2005 2004
Originated loans 313,236 979,880
Current portion of non-current loans 260,998 62,404
Total 574,234 1,042,284
21. Cash and cash equivalents
(SIT in thousands)
2005 2004
Cash in hand and on accounts 742,577 540,444
Current deposits 1,826,280 172,724
Total 2,568,857 713,168
Reserves
Reserves amounted to 8,382,996,000 tolars and include:
• legal reserves totalling 1,720,987,000 tolars; and
• other reserves totalling 6,662,009,000 tolars, which
were formed according to the resolution by the Board
of Management. The Board of Management pursuant
to Slovene legislation has a legitimate option to
allocate one half of the profit for the current year as
determined according to Slovene Accounting
Standards into other reserves. In 2005 the Board of
Management allocated 2,144,140,000 tolars (2004:
1,538,284,000 tolars) to other revenue reserves.
Reserves for treasury shares
On 31 December 2005 the company had 3,289 treasury
shares, which represents 0.16 per cent of the total
number of issued shares. The cost of shares amounted to
53,787,000 tolars. This amount reduces the total equity.
In 2005 no changes occurred.
Fair value reserve
Fair value reserve amounts to 6,560,951,000 tolars and
includes revaluation effects of securities available for
sale to a fair value less deferred tax liability in relation
to these effects.