Annual Report Gorenje Group 2009

Sensitivity analysis
A 5 percent increase of the euro against the stated currencies as at 31 December would have
increased (decreased) net profit or loss by the amounts shown below. This analysis assumes that all
other variables, in particular interest rates, remain unchanged. The analysis has been performed on the
same basis as for 2008.
31 December 2009 in TEUR
Net profit or loss
HRK -1,342
DKK -135
PLN -255
RSD -411
CZK 468
Other currencies -1,288
31 December 2008 in TEUR
Net profit or loss
HRK -264
DKK 119
PLN 640
RSD -563
CZK 918
Other currencies -1,284
A 5 percent decrease of the euro against the stated currencies as at 31 December would have had the
equal yet opposite effect, provided that all other variables remain unchanged.
GROUP - NOTE: INTEREST RATE RISK
Note 40 - Interest rate risk
The Group’s exposure to interest rate risk:
in TEUR 2009 2008
Fixed rate financial instruments
Financial assets
Financial liabilities 90,094 28,118
Variable rate financial instruments
Financial liabilities 340,923 432,256
Fair value sensitivity analysis for fixed rate instruments
The Group does not record any fixed rate financial instruments at fair value through profit or loss and
derivatives designated as fair value hedge. Therefore a change in the interest rate at the reporting date
would not have any impact on net profit or loss.
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Annual Report Gorenje Group 2009