Annual report 2005 - Sava dd

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Explanation of the adjustments in the consolidated
income statement
Extraordinary revenues in the income statement were
transferred under other operating revenues, and
extraordinary expenses under other operating expenses.
Other items were correspondingly broken down to meet
the requirements of IFRSs for a separate disclosure.
The substance of adjustments in the income statement
affecting its amount is explained above in connection
with individual balance sheet items. Below they are
shown by the individual item of the income statement.
Other operating revenues were increased by
derecognition of negative goodwill amounting to
3,467,619,000 tolars that arose in 2004, by a reduction
in provisions for severance cost and employee benefits
(28,569,000 tolars) and unrecognised provisions for
advertising (8,727,000 tolars) and decreased for
negative goodwill in the amount of 204,546,000 tolars
utilised in previous years.
Cost of goods, materials and services were increased by
15,626,000 tolars for the cost of organisation incurred
by the enterprise that were capitalised in 2004 according
to SAS, and consistent with IFRSs they cannot be
recognised. At 1 January 2004 unrecognised noncurrent
capitalised expenses amounted to 810,030,000
tolars. In 2004 their amortisation amounted to
122,347,000 tolars. This amount increased the income
for the year 2004. Labour costs in 2004 were increased
by additional provisions for severance costs and
employee benefits on the basis of an actuary calculation
in the amount of 48,699,000 tolars. For the difference
between the reduction of provisions and formed
additional provisions for severance costs the deferred
tax receivable amounting to 5,033,000 tolars was
calculated.
The share in profit of associates is the attributable profit
that consistent with SAS in 2004 was not recognised in
the income statement.
All adjustments in the net income attributable to the
Group increased the income by 6,705,616,000 tolars.
Adjustments did not significantly influence the net
income attributable to minority owners, which increased
by 30,959,000 tolars especially due to amortisation of
unrecognised capitalised cost of organisation incurred
by the enterprise.
Explanation of changes in the consolidated cash flow
statement
The form of the cash flow statement according to
Slovene Accounting Standards differs considerably
from the cash flow statement according to IFRSs.
Therefore certain differences are not explainable. As far
as substance is concerned, the difference lies only in
classifying current call deposits and deposits at up to
three months’ notice in cash and cash equivalents,
whereas their movement according to SAS was
classified in current financial investments.