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ANNUAL REPORT 2008 - Gorenje Group

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9<br />

NET PROFIT OR LOSS Due<br />

to higher taxes on profit<br />

or loss, net profit or loss<br />

achieved a lower growth<br />

than total profit or loss.<br />

2.2%<br />

Share in<br />

gross<br />

operating<br />

yield (%)<br />

2.1%<br />

2.0%<br />

1.8%<br />

25,000<br />

Net profit or loss<br />

(in 000 EUR)<br />

20,000<br />

15,000<br />

10,000<br />

0.7%<br />

5,000<br />

2004<br />

21,262<br />

2005<br />

21,368<br />

2006<br />

22,316<br />

2007<br />

23,664<br />

<strong>2008</strong><br />

10,181<br />

0<br />

INVESTMENTS Investment<br />

activities were focused<br />

on the development of<br />

products and markets<br />

of the main activity in<br />

Slovenia and abroad,<br />

particularly in Serbia,<br />

and partly also on<br />

environmental protection<br />

and energy management.<br />

7.7%<br />

Share in<br />

sales<br />

revenue<br />

(%)<br />

5.5%<br />

6.4%<br />

5.7%<br />

5.8%<br />

80,000<br />

Investments<br />

(in 000 EUR)<br />

60,000<br />

40,000<br />

20,000<br />

2004 2005 2006 2007 <strong>2008</strong><br />

69,940 55,405 71,109 74,106 76,807<br />

0<br />

SHARE OF FINANCIAL<br />

LIABILITIES IN EQUITY The<br />

growth of indebtedness is<br />

largely the consequence<br />

of the acquisition of Atag<br />

and partly due to the<br />

large volume of realized<br />

investments, which strongly<br />

surpassed the depreciation<br />

expense.<br />

1.2<br />

Coefficient<br />

1.0<br />

0.8<br />

0.6<br />

0.4<br />

0.2<br />

2004 2005 2006 2007 <strong>2008</strong><br />

0.9 1.1 1.2 0.9 1.2<br />

0

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