Annual report 2005 - Sava dd

| notes to the financial statements of the company Sava d.d. in accordance with SAS |
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Tangible fixed assets
Tangible fixed assets totalling 18,162,294,000 tolars
present 17.4 per cent of the balance sheet total and are
10 per cent higher than last year. In accordance with the
business policy of the company certain investments in
subsidiaries were financed by the joint stock company
Sava and included in the assets of the company too. A
mortgage is placed on tangible fixed assets, precisely on
the Grand Hotel Toplice building, with Bank Austria
Creditanstalt due to the hired long-term loan for the
hotel renovation. As at 31 December 2005 the loan not
paid totals 670,812,000 tolars.
Survey of tangible fixed assets
The following significant changes in tangible fixed
assets appeared in 2005:
• 2,746,378,000 tolars were allocated to investments, of
which 2,661,474, 000 tolars were earmarked for the
purchase of strategic building plots, real estate and
equipment, 42,865,000 tolars for technology
improvements in manufacturing equipment in
Savatech d.o.o., and 42,039,000 tolars for computer
and other equipment;
• in 2005 the depreciation of tangible fixed assets was
charged in the amount of 635,747,000 tolars;
• in 2005 impairments in fixed assets were not required.
(SIT in thousands)
INDEX
31/12/2005 31/12/2004 2005/2004
II. TANGIBLE FIXED ASSETS 18,162,294 16,533,547 110
1. Land and buildings 14,280,196 12,933,473 110
a) Land 4,490,714 3,547,899 127
b) Buildings 9,789,482 9,385,574 104
2. Plant and machinery 2,440,043 2,307,146 106
3. Other equipment 129,551 166,391 78
4. Tangible fixed assets under construction 1,312,504 1,126,537 117
a) Advances for tangible fixed assets 0 0 -
b) Tangible fixed assets under construction and manufacture 1,312,504 1,126,537 117