Annual report - HSE

Other short-term assets (7)
in €
Other current assets 31 December 2012 31 December 2011
Deferred costs 1,975,957 5,081,798
Accrued revenue 445,666 2,489,224
TOTAL 2,421,623 7,571,022
Other short-term assets comprise short-term deferred costs and accrued revenue, mostly
related to electricity trade.
Cash and cash equivalents (8)
in €
Cash and cash equivalents 31 December 2012 31 December 2011
Cash in bank accounts 3,179,992 2,690,360
Overnight deposits 20,502 17,332
Deposits redeemable at notice 0 7,195,440
Deposits tied up to three months 0 8,300,000
TOTAL 3,200,494 18,203,132
For the purposes of carrying out its activities, the company holds bank accounts in
Slovenia and abroad. At the end of 2012, the company’s cash on bank accounts totalled
EUR 3,179,992.
Equity (9)
in €
Equity 31 December 2012 31 December 2011
Called-up capital 29,558,789 29,558,789
Capital surplus 561,243,185 561,243,185
Revenue reserves 384,313,947 359,472,048
Fair value reserves -8,169,827 -3,509,887
Retained earnings 21,477,090 23,364,810
Total equity 988,423,184 970,128,945
The value of nominal capital and capital surplus remained unchanged in 2012.
Other revenue reserves increased by EUR 24,841,899, namely:
Annual Report HSE 2012
4 Financial Report of the company HSE
136
• in line with the shareholder’s meeting decision, by a portion of the 2011 net profit in the
amount of EUR 3,364,810; and
• in accordance with a Supervisory Board decision based on the Managing Directors’
proposal, by a half of the 2012 net profit, i.e. EUR 21,477,089.
Under fair value reserve in total amount of EUR -8,169,827, the company discloses at the
end of 2012:
• results of futures contracts for electricity;
• results of futures for emission coupons;
• fair value of currency changes; and
• fair value of interest rate swaps for loans received.