Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
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Certain of the mentioned changes affected the
classification of individual items, whereas others the
According to Slovene Accounting Standards and tax
legislation in previous years deferred taxes were not
accounted for. Therefore they were calculated and
retained earnings or other equity items. Due to the
transition to IFRSs the changes in equity were as follows:
(SIT in thousands)
Issued Share Fair value Treasury
Translation
equity Retained Minority
capital premium Reserves reserve shares adjustment earnings interest TOTAL
Balance acc. to SAS
at 31/12/2003 17,209,870 24,952,770 4,700,980 0 0 -37,751 5,649,979 2,834,857 55,310,705
ADJUSTMENTS
TO IFRSs
Transfer of treasury
shares 0 0 0 0 -54,195 0 0 0 -54,195
Revaluation of
securities available
for sale to fair value 0 0 0 5,305,941 0 0 0 0 5,305,941
Revaluation of
investments in
associates on an equity
accounted basis 0 0 0 0 0 0 6,451,627 0 6,451,627
Unrecognised
non-current
accrued expenses 0 0 0 0 0 0 -577,955 -232,075 -810,030
Unrecognised
non-current provisions 0 0 0 0 0 0 30,590 4,410 35,000
Provisions for
severance cost
and employee
jubilee benefits 0 0 0 0 0 0 -1,023,061 -44,892 -1,067,953
Adjustments to
consolidation on
equity method
Balance according to
0 0 0 0 0 37,751 2,763,522 -882,571 1,918,702
IFRSs at 01/01/2004 17,209,870 24,952,770 4,700,980 5,305,941 -54,195 0 13,294,702 1,679,729 67,089,797
presented in these financial statements for the first time.
Receivables and liabilities for deferred tax arose from
the following items:
(SIT in thousands)
01/01/2004 31/12/2004
The existing liability of foreign associates 7,574 17,763
Revaluation of securities to fair value 1,768,647 3,402,121
Forming non-current provisions for severance cost and employee jubilee benefits -355,984 -361,017
Total 1,420,237 3,058,867