ANNUAL REPORT 2008 - Gorenje Group

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At the 10th Shareholders’ Meeting of Gorenje, d.d., on 12 December 2006, the Management Board
of Gorenje, d.d., was authorised to increase, subject to the prior consent of the Supervisory Board
and not later than five years after the entry of the amendment of the Articles of Incorporation,
share capital by up to 15 percent of the amount of share capital entered in the register on the date
of adoption of the respective resolution, or by not more than SIT 1,830,000,000 (approved capital).
Capital should be increased by issuing up to 1,830,000 new ordinary, freely transferable, registered
no par value shares against cash contributions.
The procedure of the increase in share capital, the increase in the number of shares, and the amendment
of the Articles of Incorporation was completed by the Order of the District Court in Celje
no. Srg 2007/02253 of 7 November 2007. The respective Order relates to the entry of a change
in share capital from EUR 50,909,697.88 to EUR 58,546,152.56, a change in the number of shares
from 12,200,000 to 14,030,000, and the amendment of the Articles of Incorporation referring to
the above mentioned changes.
The Gorenje Group has no special goals regarding employee shareowning and no share option programme.
There were no changes in the Group’s approach to capital management in 2008. Neither
the controlling company nor its subsidiaries were subject to capital requirements determined by
the regulatory authorities.
There are no provisions in the Articles of Incorporation that would invalidate the proportionality
of rights arising from shares, such as the rights of minority shareholders or the limitation of voting
rights, and there are not resolutions adopted on conditionally increased capital.
6. Segment reporting
Business segments
The Group comprises the following main business segments:
(i) Household appliances business segment
Household appliances business segment: the manufacture and sale of household appliances of own
manufacture, the sale of household appliance of other producers (supplementary programme), the
sale of products from the complementary programme outside of the three main programmes of
large household appliances, the manufacture and sale of heating appliances of own manufacture,
tool manufacture, machine construction, and manufacture of mechanical components.
(ii) Other business segments
Home interior: the manufacture and sale of kitchen furniture, bathroom furniture, sanitary fixtures
and fittings, and ceramic tiles.
Ecology, Energy and Services: Environmental protection and energy, trade, engineering, representation,
catering, tourism, and real estate management.
Geographical segments
In presenting information on the basis of geographical segments, segment revenue is based on the
geographical location of customers. Segment assets are based on the geographical location of the
assets. The Group comprises the following main geographical segments:
Skupino sestavljajo naslednji ključni območni odseki:
European Union: Austria, Germany, Italy, France, Denmark, Sweden, Belgium, Finland, Great Britain,
Greece, Latvia, Lithuania, Estonia, Slovenia, Czech Republic, Hungary, Poland, Bulgaria, Romania.