Annual Report Gorenje Group 2009

COMPANY - EQUITY
Note 27 – Equity
304,196 TEUR
In accordance with the resolution of the 10th Shareholders' Meeting of Gorenje, d.d. on 12 December
2006 and the District Court Order of 7 November 2007 on the change in share capital, the share capital
was increased by 1,830,000 ordinary, freely transferable, no par value shares. At 31 December 2009,
the share capital of Gorenje, d.d. amounted to EUR 58,546,152.56 (at 31 December 2008: EUR
58,546.152.56) and was divided into 14,030,000 ordinary, freely transferable, no par value shares.
Capital surplus (share premium) in the amount of TEUR 140,624 includes paid-in surplus in excess of
par value of shares in the amount of TEUR 47,264, surplus in excess of book value of disposed own
shares in the amount of TEUR 15,313 (1,070,000 own shares were disposed in 2008 in order to
acquire the ATAG company), and general equity revaluation adjustment in the amount of TEUR 78,048
transferred upon the transition to IFRS.
Legal and statutory reserves in the amount of TEUR 21,697 include legal reserves in the amount of
TEUR 12,895 (31 December 2008: TEUR 12,895), reserves for own shares in the amount of TEUR
3,170 (31 December 2008: TEUR 3,170), and statutory reserves in the amount of TEUR 5,632 (31
December 2008: TEUR 5,632).
Pursuant to the Companies Act, retained earnings in the amount of TEUR 87,975 consist of other
revenue reserves in the amount of TEUR 87,047 (31 Dec 2008: TEUR 58,996) created on the basis of
resolutions on the appropriation of profit for the period adopted by the Company's Management Board
and Supervisory Board and resolutions on the appropriation of accumulated profit adopted by the
Shareholders' Meeting, and determined accumulated profit in the amount of TEUR 928.
Fair value reserve amounting to TEUR -1,476 as at 31 December 2009 includes a surplus from
revaluation of land which is measured using the revaluation model, a change in fair value of availablefor-sale
investments, and a change in value of cash flow hedge shown in a separate table.
Own shares in the amount of TEUR -3,170 are stated as a deductible item of equity and recorded at
cost.
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Annual Report Gorenje Group 2009