Annual Report Gorenje Group 2009

in TEUR 2009 2008
Interest expenses from transactions with Group companies 1,132 816
Interest expenses from transactions with other entities 11,459 15,514
Expenses from interest rate swap transactions 1,096 0
Change in fair value of interest rate swaps 526 0
Expenses for net exchange differences 0 4,047
Expenses from forward exchange transactions 740 1,267
Change in fair value of forward exchange transactions 3,507 0
Impairment loss on investments 2,068 4,809
Impairment loss on trade receivables 2,917 310
Impairment loss on loans 2,000 0
Other finance expenses 315 420
Total 25,760 27,183
Impairment loss on investments in the amount of TEUR 2,068 (in 2008: TEUR 4,809) refers to
available-for-sale financial assets that were revalued to market value. Impairment of trade receivables
in the amount of TEUR 4,917 (in 2008: TEUR 310) provides for fair value of trade receivables and
loans.
Finance income and expenses recognised directly in other comprehensive income
(net)
in TEUR 2009 2008
Net change in effective portion of gains and losses on hedging
instruments in a cash flow hedge 2,659 -8,576
Change in effective portion of gains and losses on hedging
instruments in a cash flow hedge, transferred to profit or loss -1,611 -84
Net change in fair value of available-for-sale financial assets -662 -2,947
Net change in fair value of available-for-sale financial assets
transferred to profit or loss -2,746 -1,785
Finance expenses recognised in other comprehensive
income -2,360 -13,392
In the above table, net effect from the statement of comprehensive income is shown, which does not
only include the change in fair value of land.
COMPANY - INCOME TAX EXPENSE
Note 15 – Income tax expense
-2,656 TEUR
Due to a tax loss in the amount of TEUR 6,680, income tax expense is recorded based on deferred tax
assets and deferred tax liabilities.
in TEUR 2009 2008
Current tax expense 0 728
Deferred tax assets (through income statement) -2,656 -816
Deferred tax liabilities (through income statement) 0 0
Total -2,656 -88
196
Annual Report Gorenje Group 2009