GROUP - OPERATING SEGMENTS Note 46 – Business segments in TEUR Home Appliances Home Interior Ecology, Energy and Services <strong>Group</strong> <strong>2009</strong> 2008 <strong>2009</strong> 2008 <strong>2009</strong> 2008 <strong>2009</strong> 2008 Revenue from the sale to third parties 925,496 1,050,125 40,720 59,133 219,721 221,495 1,185,937 1,330,753 Inter-segment revenue 3,955 9,955 14,454 22,481 6,779 7,839 25,188 40,275 Interest income 4,679 5,619 67 38 470 603 5,216 6,260 Interest expenses 19,697 23,914 82 102 1,980 1,280 21,759 25,296 Amortisation and depreciation expense 48,638 50,151 2,037 2,287 5,375 4,683 56,050 57,121 Operating profit or loss 15,780 29,963 -4,748 -2,040 1,117 8,970 12,149 36,893 Income tax -2,924 -5,292 Net profit or loss for the period -6,720 7,145 -5,082 -3,013 -430 6,049 -12,232 10,181 Total assets 1,003,363 1,068,689 34,130 41,616 141,184 147,427 1,178,677 1,257,732 Total liabilities 696,359 755,920 11,843 16,114 100,831 91,176 809,033 863,210 Investments 19,072 58,550 1,792 1,524 7,868 16,733 28,732 76,807 Impairment loss on investments 2,206 5,011 0 0 102 1 2,308 5,012 GROUP - GEOGRAPHICAL SEGMENTS Note 47 – Geographical segments in TEUR West East Other <strong>Group</strong> <strong>2009</strong> 2008 <strong>2009</strong> 2008 <strong>2009</strong> 2008 <strong>2009</strong> 2008 Revenue from the sale to third parties 430,771 387,342 723,096 901,691 32,070 41,720 1,185,937 1,330,753 Total assets 300,862 277,774 876,838 921,331 977 58,627 1,178,677 1,257,732 Investments 4,491 2,201 24,240 74,603 1 3 28,732 76,807 161 <strong>Annual</strong> <strong>Report</strong> <strong>Gorenje</strong> <strong>Group</strong> <strong>2009</strong>
GROUP - INDEPENDENT AUDITOR'S REPORT 162 <strong>Annual</strong> <strong>Report</strong> <strong>Gorenje</strong> <strong>Group</strong> <strong>2009</strong>
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It was a difficult year. 2009 Annua
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03 And that is why we are growing.
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05 We are actively involved in seve
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07 Ideas give us energy. We have re
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Content Letter of the President of
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As for our traditional markets in E
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The Supervisory Board devoted speci
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Gorenje Group The Gorenje Group is
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Vision, mission, values VISION To b
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BASIC STRATEGIC OBJECTIVES To succe
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The performance of the Division's b
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The products of the Gorenje Group a
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Innovations and products The crisis
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Production and quality Home Applian
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Shares of Gorenje and investor rela
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OWNERSHIP STRUCTURE Ten Major Share
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OWN SHARES AND VOTING RIGHTS On the
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For the second consecutive year, we
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Report on corporate social responsi
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AVERAGE AGE AND HEALTH CARE In the
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Staff Training Rapid development in
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Culture We realise how important bo
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Quantity of hazardous wastes (kg/pi
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Energy consumption of Gorenje washe
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DR. JOŽE ZAGOŽEN Chairman of the
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PETER KOBAL Member of the Superviso
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FRANJO BOBINAC President of the Man
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DRAGO BAHUN member of the managemen
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FRANC KOŠEC member of the manageme
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GENERAL MEETING OF SHAREHOLDERS The
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EXTERNAL AUDIT The audit of financi
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CODE OBSERVANCE The contents of the
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Business report ECONOMIC ENVIRONMEN
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SALE IN TERMS OF DIVISIONS The Home
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A sharper fall in the market was su
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HOME INTERIOR DIVISION South-Easter
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Structure of sales of the Ecology,
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The main reasons for the reduction
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Due to the circumstances described
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At the end of 2009 equity capital a
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Cash flow of the Gorenje Group (in
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Investments of the Gorenje Group an
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The most important material of the
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Information system risks are relate
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Ecology, energy and services divisi
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RESEARCH AND DEVELOPMENT Household
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52. Kemis-Termoclean, d.o.o., Croat
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Achievement of goals in the year 20
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Financial statements of Gorenje Gro
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CONSOLIDATED STATEMENT OF FINANCIAL
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CONSOLIDATED STATEMENT OF CHANGES I
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NOTES TO THE CONSOLIDATED FINANCIAL
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A contingent liability of the acqui
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) Foreign currency (i) Foreign curr
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value of the derivative is recognis
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Acquisition of minority interests A
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current economic and credit conditi
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(iv) Provisions for retirement bene
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- Page 119 and 120: IFRIC 12 Service Concession Arrange
- Page 121 and 122: anticipated reversionary increases,
- Page 123 and 124: of the Gorenje Group’s lending po
- Page 125 and 126: GROUP - 8. COMPOSITION OF THE GOREN
- Page 127 and 128: 83. GEN-I Tirana Sh.p.k., Albania 2
- Page 129 and 130: GROUP - 11. DISPOSAL OF COMPANIES T
- Page 131 and 132: Proportionate shares of assets, lia
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- Page 135 and 136: GROUP - NET FINANCE EXPENSES Note 1
- Page 137 and 138: in TEUR 2008 Pre-tax amount Tax Aft
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- Page 145 and 146: GROUP - NON-CURRENT INVESTMENTS Not
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- Page 149 and 150: GROUP - OTHER CURRENT ASSETS Note 2
- Page 151 and 152: GROUP - EARNINGS PER SHARE Note 32
- Page 153 and 154: Movement of provisions in 2009 in T
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- Page 159 and 160: Impairment loss 8,780 3,512 Allowan
- Page 161 and 162: in TEUR Carrying amount Expected ca
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- Page 173 and 174: Gorenje UK Ltd., Great Britain Gore
- Page 175 and 176: FOREIGN CURRENCY EXCHANGE RATES App
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- Page 181 and 182: NOTES TO THE FINANCIAL STATEMENTS C
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- Page 203 and 204: in TEUR 2009 2008 Interest expenses
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- Page 211 and 212: COMPANY - INVESTMENTS IN SUBSIDIARI
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Changes in fair value reserve: in T
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Changes in provisions in 2009 in TE
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COMPANY - CURRENT FINANCIAL LIABILI
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Trade payables to suppliers in the
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COMPANY - FINANCIAL INSTRUMENTS COM
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31 December 2008 in TEUR Carrying a
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Sensitivity analysis A 5 percent in
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COMPANY - FAIR VALUE Note 36 - Fair
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Net earnings in 2009 in TEUR Manage
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Net earnings in 2008 in EUR Salarie
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COMPANY - EVENTS AFTER THE DATE OF
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Imprint: Publisher: Gorenje, d.d.,