Annual Report Gorenje Group 2009

EXTERNAL AUDIT
The audit of financial statements of the controlling company and the majority of controlled companies
has been conducted by the KPMG audit company. The company follows the recommendations of the
corporate governance code of public limited companies relating to the change of external auditor every
three years.
The external auditor reports on the findings to the management and supervisory boards and the audit
committee of the supervisory board.
Operations of the parent company and the Gorenje Group with the company KPMG and operations of
associated companies with individual audit companies are described in the note to the financial
statements operations with the audit company.
COMMUNICATION POLICY
Corporate communications create a clearly recognised image of the Gorenje Group. This includes
external (by external achievements) and internal communications (employees). The Gorenje Group
has prepared Rules on internal information and Rules on protection of business secrets that have been
consistently observed. We provide for a clearly defined flow, recorded and controlled access to internal
information. As a company from the first stock-exchange listing of the Ljubljana Stock Exchange we
maintain the highest standards of publishing business reports, defined in the Financial Instruments
Market Act and rules and instructions of the Ljubljana Stock Exchange. A financial calendar including
major publication release schedule is published every year on the web sites.
The company provides for equal informing of shareholders and the interested public by publications in
the electronic form on the web portal SEONET in compliance with the rules and instructions of the
Ljubljana Stock Exchange and on web sites of the company www.gorenje.com in the Slovene and
English languages. The company ensures publications of some controlled information (i.e. convention
of the general meeting) in compliance with the Articles of Association of the company in the daily
newspaper Delo, whose circulation covers the complete area of the Republic of Slovenia when an act
or any other regulation does not explicitly require any other communication. There were 34 publications
on the Seonet web portal in the Slovene and English languages in the year 2009. This includes
periodic as well as ad hoc publications. They were all published in the part of the day when there was
no trading on the Ljubljana Stock Exchange and the time difference between the publications in both
languages was minimal - in most cases less than a minute.
STATEMENT OF MANAGEMENT RESPONSIBILITY
The Management Board of the Company is responsible for the preparation of the annual report of
Gorenje, d.d. and the Gorenje Group, as well as the financial statements, in a manner providing the
public with a fair presentation of the financial position and the results of operations of Gorenje, d.d. and
its subsidiaries in 2009.
The Management confirms that the accepted accounting policies have been used in the compilation of
financial statements of Gorenje, d.d. and the Gorenje Group, that the accounting estimates have been
made in compliance with the principles of prudence and good management, and that the financial
statements of the Company and the Group give a true and fair view of the financial position of the
Company and the results of its operations in 2009.
The Management Board is also responsible for adequate and orderly accounting and the adoption of
appropriate measures for safeguarding the Company's property and other assets, and confirms that the
financial statements of Gorenje, d.d. and the Gorenje Group and accompanying notes have been
prepared under the assumption of going concern and in compliance with applicable legislation and the
International Financial Reporting Standards as adopted by the European Union.
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Annual Report Gorenje Group 2009