Annual report - HSE
Annual report - HSE
Annual report - HSE
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Investments in subsidiaries (3)<br />
in €<br />
Subsidiary 31 December 2012 31 December 2011<br />
DEM d.o.o. 387,058,979 387,058,979<br />
SENG d.o.o. 152,692,249 152,692,249<br />
HESS d.o.o. 130,089,548 127,029,548<br />
TEŠ d.o.o. 224,289,677 224,289,677<br />
TET d.o.o. 11,682,000 24,503,340<br />
PV d.d. 60,408,543 60,408,543<br />
<strong>HSE</strong> Invest d.o.o. 80,000 80,000<br />
<strong>HSE</strong> Italia S.r.l. 29,690 29,690<br />
<strong>HSE</strong> Hungary Kft. 0 4,004,965<br />
<strong>HSE</strong> Balkan Energy d.o.o. 1,025,063 1,025,063<br />
<strong>HSE</strong> Adria d.o.o. 102,553 102,553<br />
<strong>HSE</strong> Bulgaria EOOD 513,220 513,220<br />
<strong>HSE</strong> MAK Energy DOOEL 26,778 26,778<br />
<strong>HSE</strong> BH d.o.o. 513,990 513,990<br />
SRESA d.o.o. 60,000 60,000<br />
TOTAL 968,572,290 982,338,595<br />
Majority of company’s assets is represented by long-term investments in subsidiaries. They<br />
include investments in companies, in which the company – directly or indirectly through<br />
other owners – owns a majority stake and prepares consolidated financial statements for<br />
this group of companies.<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
4 Financial Report of the company <strong>HSE</strong><br />
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