ANNUAL REPORT 2008 - Gorenje Group

164
2008
The shares were transferred by the Company from non-current investments to current investments
in order to uniformly present available-for-sale financial instruments. A change in the fair value of
available-for-sale investments in the amount of TEUR 8,695 refers to the revaluation of shares as
at 31 December 2008. The fair value reserve in shareholders’ equity was reversed in the amount of
TEUR 3,886 and the remaining amount of TEUR 4,809 was recorded under financial expenses.
Short-term loans
in TEUR 2008 2007
Current portion of long-term loans to the Gorenje Group companies 16,437 1,359
Short-term loans to the Gorenje Group companies 29,521 7,066
Current portion of long-term loans to other entities 402 52
Short-term loans to others 15,888 1,155
Short-term deposits with banks 570 277
Total 62,818 9,909
Short-term loans bear interest at the nominal interest rate ranging from 2.73 % to 7.5 %. No shortterm
loan is exposed to major financial risk as most of the loans granted relates to subsidiaries.
Short-term loans to other companies are secured by bills and mortgages.
Short-term loans extended to special groups of persons
No short-term loans were extended to members of the Management Board, Supervisory Board,
and internal owners.
Note 23 – Trade receivables TEUR 172,327
in TEUR 2008 2007
Trade receivables - Gorenje Group companies 108,146 130,841
Trade receivables - other entities 64,181 69,830
Total 172,327 200,671
Trade receivables due from Group companies
in TEUR 2008 2007
Trade receivables due from domestic customers 5,446 22,704
Trade receivables due from foreign customers 102,700 108,137
Total 108,146 130,841