Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
2 1 6 |
Financial expenses for long- and short-term
investment write-offs
Financial expenses for long- and short-term write-offs
totalling 708,842,000 tolars are 27 per cent lower than
last year.
Financial expenses from revaluation of investments in
companies in the Group totalling 220,523,000 tolars
mainly include financial expenses from revaluation for
participating in the loss of subsidaries (Teol d.d., Gea Sol
International d.o.o., Ensa d.o.o., Kranj) and forming value
adjustments in approved loans (Geasol International
d.o.o. and Ensa d.o.o.)
Survey of financial expenses for long- and short-term write-offs
(SIT in thousands)
JAN - DEC JAN - DEC INDEX
2005 2004 2005/2004
12. FINANCIAL EXPENSES FOR LONG- AND SHORT-TERM WRITE-OFFS 708,842 973,602 73
a) Financial expenses from revaluation of investments in companies
in the Group 220,523 175,650 126
b) Financial expenses from revaluation of investments in associates 71,100 0 -
c) Other financial expenses from revaluation 417,219 797,952 52
Interest expenses and expenses incurred in
connection with other liabilities
Interest expenses and expenses incurred in connection
with other liabilities totalling 787,153,000 tolars are 28
per cent lower than in the same period last year.
Financial expenses from revaluation of investments in
associates in the amount of 71,100,000 tolars is due to
an impairment in financial investment in the associate
Limb d.o.o., Ptuj.
Other financial expenses from revaluation amounts to
417,219,000 tolars, of which 86 per cent is due to an
impairment in short-term securities with regard to the
Stock Exchange market price, while the remaining 14
per cent are realised expenses from the sale of shortterm
securities.
Interest expenses and expenses incurred in connection
with other liabilities to companies in the Group totalling
74,076,000 tolars include mainly interest expenses for
bank loans.
Survey of interest expenses and expenses incurred in connection with other liabilities
(SIT in thousands)
JAN - DEC JAN - DEC INDEX
2005 2004 2005/2004
13. INTEREST EXPENSES AND EXPENSES INCURRED IN CONNECTION WITH
OTHER LIABILITIES 787,153 1,092,552 72
a) Interest expenses and expenses incurred in connection with other
liabilities to Group companies 74,076 57,860 128
b) Interest expenses and expenses incurred in connection with other
liabilities to associates 125,977 191,444 66
c) Other interest expenses and expenses incurred in connection with
other liabilities 587,100 843,248 70