Annual Report Gorenje Group 2009

At the end of 2009 loans and borrowings amounted to 452.2 million EUR and reduced by 35.6 million
EUR or 7.3 % in a year.
Structure of loans and borrowings of the Gorenje Group as at 31 Dec. 2009
Maturity structure
Share
Long-term loans 54.4 %
Short-term loans 45.6 %
Currency structure
Euor 95.1 %
CZK (Czech koruna) 3.2 %
Other currencies 1.7 %
Variability of interest rates
Fixed 47.5 %
Variable 52.5 %
Source: Data of the Gorenje Group
In 2009 the value of investments reduced by 2.4 million EUR as a result of sale of a minor part of
investments and impairment of their values to market levels.
INVESTMENTS
In 2009 the Gorenje Group intended 28.5 million EUR for investments. Out of this amount 24 million
EUR were allocated to property, plant and equipment and 4.5 million EUR to intangible assets. Their
total value reduced by 48.3 million EUR or 62 % over the year 2008. The main reason for such
development is the world financial crisis due to which the Gorenje Group took the anti-crisis measures,
limited the investments and thus increased prudence. Two thirds of all investments were made in the
Household Appliances Division.
The investments in 2009 were exclusively intended for the continuation of activities in the field of
development of products and key markets since the Group has considered them as of crucial
importance for the time when markets will start growing again:
• the project of Combi 750 cooling-freezing appliances for an industrial customer,
• expansion of a product range of cooking appliances for the Russian market,
• introduction of appliances of energy classes A+ and A++.
• transfer of production of Atag appliances to the parent company.
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Annual Report Gorenje Group 2009