ANNUAL REPORT 2008 - Gorenje Group

120
2008
Net profit or loss is distributed to shareholders in the amount stated in the accounting records in
compliance with the national regulations.
Own shares in the amount of TEUR 3,170 are stated as a deductible item of equity and are measured
at acquisition cost.
Earnings per share amounted to EUR 0.66 in 2008 (2007: EUR 2.03). No dilutive instruments have
been issued by the Company, therefore basic earnings per share is equal to diluted earnings per
share.
To calculate the EPS ratio, the net profit or loss of the Group and the weighted average number of
ordinary shares in the period are taken into account:
2008 (in TEUR)
Net profit or loss 8,872
Weighted average number of ordinary shares 13,469,497
Basic / Diluted earnings per share (in EUR) 0.66
2007 (in TEUR)
Net profit or loss 22,672
Weighted average number of ordinary shares 11,169,158
Basic / Diluted earnings per share (in EUR) 2.03
All issued shares are of the same class and entitle the owner to participate in the management of
the company. Each share gives one vote and a right to dividend.
2008 dividend per share amounted to EUR 0.45 (2007: EUR 0.42).
Note 32 – Provisions
55,366 TEUR
in TEUR 2008 2007
Provisions for warranties 32,735 29,340
Provisions for retirement benefits and jubilee premiums 19,563 18,850
Other provisions 3,068 3,463
Total 55,366 51,653
Long-term provisions for warranties were created on the basis of estimated costs of warranties
made from known data on the quality level of products and the costs of warranties.
Provisions for retirement benefits and jubilee premiums are based on the actuarial calculation of estimated
future payments of retirement benefits and jubilee premiums, which was made as at 31 December
2008. A significant portion of other provisions includes provisions for costs in respect of
the Directive on Waste Electrical and Electronic Equipment in the amount of TEUR 1,248 recorded
by ZEOS, d.o.o., and provisions for compensation claims in respect of the actions brought against
Gorenje, d.d., in the amount of TEUR 1,272.
Movement of provisions in 2008
Acquisition
of companies
in TEUR
Balance
1 Jan 08 Use
Exchange
difference Reversal Creation
Balance
31 Dec 08
Provisions for warranties 29,340 -21,384 -663 -3,374 22,485 6,331 32,735
Provisions for retirement benefits and
jubilee premiums
18,850 -768 -3 -535 1,674 345 19,563
Other provisions 3,463 -1,119 -34 -618 1,352 24 3,068
Total 51,653 -23,271 -700 -4,527 25,511 6,700 55,366