Annual report 2005 - Sava dd

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The Real Estate division achieved net sales revenues of €14.8 million, or 8 per cent less than last year. The
revenues in this division depend entirely on the stage of completion of construction projects, therefore
deviations in years are common. In the consolidated sales structure of the Sava Group Real Estate had a 5.9
per cent share. Pre-tax profit totalled €1.04million and was 6 per cent above last year’s profit, while net profit
in the amount of €0.73 million was 12 per cent lower than last year.
For 2006 Real Estate plans to create revenues of €15.9 million and a pre-tax profit of €1.1 million.
Key data for Real Estate
(€ in millions)
Index
2004 2005 2005/2004
Net sales revenues 15.9 14.8 93
Pre-tax profit 0.98 1.04 106
Net profit 0.82 0.73 88
Assets 45.7 50.9 111
Equity 10.3 11.1 107
Liabilities 35.4 39.8 112
Investments in fixed assets 0.83 0.66 80