Annual report 2005 - Sava dd

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Operating revenues
In 2005 the Sava Group generated operating revenues in
the amount of €256.5 million, which was at last year’s
level.
In operating revenues in 2004 negative goodwill
totalling €14.5 million, which referred to the purchase
of companies operating under the Pannonian Spas
brand, was recognised. In operating revenues in 2005
negative goodwill totalling €1.29 million, which was
due to the additional purchase of stakes from minority
stakeholders, was recognised.
SAVA GROUP
| b u s i n e s s a n a l y s i s |
Net sales revenues of the Sava Group in the amount of
€244 million were 4 per cent higher than last year and 3
per cent below plan.
In the sales structure by division Trade had a 38.3 per
cent, Rubber Manufacturing with the Foreign Trade
network a 31.6 per cent, Tourism a 21.5 per cent and
Real Estate a 5.9 per cent share. The remaining 2 per
cent were operating revenues by other operations.
Net sales revenues of the Group in foreign markets
represented 31.1 per cent in consolidated sales revenues.
109.4
211.7
231.3 236.1 244.0
2001 2002 2003 2004 2005
Note: a comparison of net sales revenues from products and services by year corresponds, despite the transition to IFRSs.
SAVA GROUP
Net sales revenues structure
in 2005 by division
OTHER COMPANIES
CHEMICALS
REAL ESTATE
TRADE
RUBBER MANUFACTURING
TOURISM
(31.6%) (38.3%) (5.9%) (2.1%) (0.6%) (21.5%)