Annual report 2005 - Sava dd

| notes to the financial statements of the company Sava d.d. in accordance with SAS |
1 9 5 |
Calculation of accumulated profit or loss
Proposal for the appropriation
of accumulated profit
In 2005 the joint stock company Sava created a net
profit in the amount of 4,288,280,000 tolars; in
compliance with the resolution by the Board of
Management and in accordance with the Supervisory
Board 50 per cent of this sum was allocated to other
revenue reserves.
As at 31 December 2005 the joint stock company Sava
showed in its accounting books accumulated profit in
the amount of 7,131,916,000 tolars.
(SIT in thousands)
CALCULATION OF ACCUMULATED PROFIT OR LOSS 31/12/2005 31/12/2004
21. NET PROFIT OR LOSS FOR THE FINANCIAL YEAR 4,288,280 3,076,569
22. Retained profit (loss) 4,987,776 4,691,785
23. Decrease (reversal) of capital reserves 0 0
24. Decrease (reversal) of revenue reserves 0 0
25. Increase (additional allocation) for revenue reserves -2,144,140 -1,538,284
26. ACCUMULATED PROFIT (ACCUMULATED LOSS) 7,131,916 6,230,070
(21+22+23+24-25)
29.2
The Board of Management of the joint stock company
Sava will propose to the Shareholders’ Meeting that
dividends be paid for the year 2005 in the amount of 640
tolars per share. 1,282,367,000 tolars will be allocated
for the distribution to shareholders and we shall propose
to the Shareholders’ Meeting that they utilise the
accumulated profit from the year 1999 as a distribution
source. In accordance with the proposal by the Board of
Management of Sava d.d. the remainder of the
accumulated profit in the amount of 5,849,549,000
tolars will remain undistributed.
Notes to the financial statements of the
company Sava d.d. in accordance with Slovene
Accounting Standards
ACCOUNTING POLICY OF THE COMPANY SAVA D.D.
Basis for drawing the financial
statements
The financial statements of the joint stock company
Sava were drawn in conformity with Slovene
Accounting Standards 2001, which had been issued by
the Slovene Institute of Auditors.
Due to better clarity the Balance Sheet and the Income
Statements of the joint stock company Sava are
presented in an abridged form; additional explanations
are contained in the disclosures.
The financial statements are drawn in Slovene tolars
rounded to one thousand units.
In 2006 too, the joint stock company Sava as a parent
company of the Sava Group will draw individual
financial statements in accordance with Slovene
Accounting Standards.