Annual report 2005 - Sava dd

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Business Operations of Sava d.d.
The holding company Sava d.d. is the parent company of the Sava Group. Last year its business was successful
and the results surpassed those planned. It created net sales revenues of €8.0 million, which was 5 per cent
better than in the previous year. Financial income in the amount of €28.0 million is at last year’s level, while
the planned pre-tax profit is exceeded by 40 per cent. Last year pre-tax profit totalled €21.5 million. The net
profit of Sava d.d. in the amount of €17.9 million considerably surpasses that planned too; it is 39 per cent
higher than last year and 26 per cent above plan, respectively.
Business performance
(€ in millions)
Index
2001* 2002 2003 2004 2005 2005/2004
Net sales revenues 53.2 13.2 11.9 7.6 8.0 105
Other revenues 7.7 0.2 0.6 0.5 1.7 373
Operating expenses -65.9 -20.0 -17.5 -11.9 -9.8 83
FINANCING INCOME 11.0 14.1 13.3 19.5 21.8 112
TOTAL PRE-TAX PROFIT 7.9 7.5 8.3 15.8 21.7 137
NET PROFIT 7.3 7.0 7.0 12.9 17.9 139
* In 2002 Sava d.d. restructured into a holding company.
Net sales revenues
Since restructuring into a holding company the net sales
revenues of Sava d.d. mainly represent sales within the
Sava Group, while in the total Group structure they have
arounda3percentshareofcumulative sales.
In 2005 the joint stock company Sava created net sales
revenues of €8.0 million, or 5 per cent more than last
year. In the net sales revenues structure office rentals
had a 45 per cent share and equipment rentals a 19 per
cent share. The remaining 36 per cent was mainly due to
the contribution of subsidiaries for using the trademark
and sales of services by the competence centres of
knowledge.
Other revenues in the amount of €1.7 million were three
times higher than last year, 78 per cent of this sum being
due to revenues from selling real estate.