Annual report - HSE

Write-downs in value (21)
in €
Write-downs in value 2012 2011
Amortisation of intangible assets 452,299 449,837
Depreciation of property, plant and equipment 1,563,556 976,091
Allowance for or write-down in receivables 824,349 19,336
Sale and write-down in property, plant and equipment and intangible assets 6,548 16,139
Total write-downs in value 2,846,752 1,461,403
Write-downs in value include amortisation and depreciation, creation of allowances for
doubtful receivables, explained in detail in Section 4.5.8.8.1, and losses from sales of
equipment.
Increased costs of property, plant and equipment depreciation in relation to the 2011 values
are the consequence of increased acquisitions of computer equipment in the second half
of 2012 and shortened useful life of some equipment, detailed information on which is
available in Section 4.5.8.1 (2).
Financial revenue (22)
Financial revenue from shares comprises the profit paid by subsidiaries.
Financial revenue from interest mainly includes charged interest on loans given to Group
companies.
Other financial revenue comprises charged compensations for parent guarantees given
to Group companies.
in €
Financial revenue 2012 2011
From dividends and other shares of profit 2,711,269 1,847,040
Interest on loans and deposits granted 7,214,242 1,886,454
Other 2,123,198 1,951,855
Total financial revenue 12,048,709 5,685,349
Financial expenses (23)
Financial expenses for interest are mainly composed of interest on long- and short-terms
loans from banks and Group companies.
Financial expenses arising from impairment of investments in subsidiaries comprise
impaired investment in the company TET.
Other financial expenses include loss upon liquidation of a subsidiary abroad, incurred as
a result of negative exchange differences.
Financial expenses 2012 2011
From loans received 7,753,911 3,298,008
From impairment of financial investments in subsidiaries 12,821,340 0
Other 785,865 0
Total financial expenses 21,361,116 3,298,008
in €
Annual Report HSE 2012
4 Financial Report of the company HSE
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