Annual report - HSE
Annual report - HSE
Annual report - HSE
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Short-term operating liabilities (14)<br />
in €<br />
Short-term operating liabilities 31 December 2012 31 December 2011<br />
To Group companies 82,492,658 61,178,574<br />
To joint ventures 153,522 0<br />
To suppliers 105,974,512 81,210,143<br />
Advances 5,253 355,977<br />
To employees 923,290 757,824<br />
To government and other institutions 21,411,321 2,539,361<br />
Other 36,796 40,653<br />
TOTAL 210,997,352 146,082,532<br />
Among its short-term operating liabilities to Group companies, the company mainly<br />
discloses the liabilities associated with the electricity purchased from subsidiaries.<br />
Liabilities to individual Group company as at <strong>report</strong>ing date are listed in the table below:<br />
in €<br />
Group companies Country 31 December 2012 31 December 2011<br />
Termoelektrarna Šoštanj d.o.o. Slovenia 39,782,385 33,785,172<br />
Dravske elektrarne Maribor d.o.o. Slovenia 10,528,603 9,299,893<br />
Soške elektrarne Nova Gorica d.o.o. Slovenia 10,028,796 4,974,527<br />
Termoelektrarna Trbovlje d.o.o. Slovenia 5,360,894 8,029,239<br />
HESS d.o.o. Slovenia 1,560,923 1,222,254<br />
MHE Lobnica d.o.o. Slovenia 5,323 0<br />
<strong>HSE</strong> Invest d.o.o. Slovenia 210,934 142,408<br />
HTZ VELENJE I.P. d.d. Slovenia 5,182 37,137<br />
Premogovnik Velenje d.d. Slovenia 22,933 53,572<br />
<strong>HSE</strong> Adria d.o.o. Croatia 6,162,081 2,426,788<br />
<strong>HSE</strong> Balkan Energy d.o.o. Serbia 1,484,517 211,642<br />
<strong>HSE</strong> BH d.o.o. Bosnia and Herzegovina 3,449,097 798,907<br />
<strong>HSE</strong> Bulgaria EOOD Bulgaria 584,777 195,300<br />
<strong>HSE</strong> MAK Energy DOOEL Macedonia 3,306,213 0<br />
GOST d.o.o. Slovenia 0 1,735<br />
Total short-term operating liabilities 82,492,658 61,178,574<br />
to Group companies<br />
The company’s short-term operating liabilities to suppliers mainly relate to liabilities<br />
associated with the electricity purchased in Slovenia and abroad. The 2012 liabilities to<br />
suppliers were higher than in the previous period, due to increase in its electricity trading<br />
activities.<br />
Short-term liabilities to the government and other institutions include VAT liabilities,<br />
customs duty liabilities, liabilities for December contributions for salaries and contributions<br />
on other employment-related income payable by the employer. The most significant item<br />
are VAT liabilities. On 1 January 2013, the Act Amending the Value Added Tax Act (ZDDV-<br />
1 G) became effective, under which invoices from abroad are recorded in VAT records<br />
by the issuance date. Before the discussed amendment, VAT was charged on the day<br />
when a relevant service was carried out. Due to this change, as a consequence of self-tax<br />
assessment, the right to deduct input VAT was delayed from December 2012 to January<br />
2013.<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
4 Financial Report of the company <strong>HSE</strong><br />
141