Annual report - HSE

In the reporting period, individual items of equity changed by EUR 24,841,899, due to:
• transfer of accumulated profit of the previous year in the amount of EUR 3,364,810 to
other revenue reserves, on the basis of the General Meeting decision, and
• allocation of half of the net profit for the year in the amount of EUR 21,477,089, to other
revenue reserves, in accordance with a Supervisory Board decision taken on the proposal
of the company’s management.
Accumulated profit for 2012 represents half of the net profit for the period and totals EUR
21,477,090. The decision regarding allocation of accumulated profit is made by the owner.
Accumulated profit 2012 2011
Net profit or loss for the current year 42,954,179 46,729,619
Increase in revenue reserves according to the Management Board decision -21,477,089 -23,364,809
(legal reserves, reserves for own shares and statutory reserves)
Accumulated profit 21,477,090 23,364,810
in €
4.5.8.6 Related entities
in €
Group company Sales in 2012 Purchases in 2012 Loans granted Loans received Revenue from
with interest as with interest as parent guarantees
at 31/12/2012 at 31/12/2012 granted
DEM d.o.o. 76,168 71,528,813 0 67,153,484 0
SENG d.o.o. 8,199,581 40,635,184 0 0 214,973
HESS d.o.o. 138,717 8,426,041 0 7,013,484 0
TEŠ d.o.o. 36,389,678 281,699,377 301,453,507 0 1,883,205
TET d.o.o. 286,427 37,773,641 0 3,002,869 0
PV d.d. 3,983,510 116,046 0 0 0
HSE Invest d.o.o. 3,900 44,570 0 0 0
HSE Italia S.r.l. 7,241,034 7,597,531 0 0 0
HSE Hungary Kft. 160,624 1,339 0 0 0
HSE Balkan Energy d.o.o. 20,430,068 28,111,427 0 0 19,266
HSE Adria d.o.o. 89,812,364 95,679,531 0 0 5,200
HSE Bulgaria EOOD 6,459,839 6,571,826 0 0 554
HSE MAK Energy DOOEL 6,405,945 6,546,869 0 0 0
HSE BH d.o.o. 2,186,372 7,555,541 0 0 0
Total Group companies 181,774,227 592,287,736 301,453,507 77,169,837 2,123,198
SOENERGETIKA d.o.o. 0 318,481 0 0 0
Total controlled companies 0 318,481 0 0 0
TOTAL 181,774,227 592,606,217 301,453,507 77,169,837 2,123,198
Annual Report HSE 2012
4 Financial Report of the company HSE
148
The columns of sales and purchases represent the turnover of all transactions (excl. VAT),
including interest on loans received and granted between HSE and the related companies
in 2012. For loans granted and received the balance at the end of 2012 is presented (loan
with interest). Revenue from parent guarantees granted in 2012 are disclosed separately,
namely in the net value (excl. VAT). The value of parent guarantees is disclosed in Section
4.5.8.1 (16) Contingent liabilities and assets.
The balance of open operating receivables from related entities is disclosed in Section
4.5.8.1 (6) Short-term operating receivables, while the balance of open operating liabilities
is disclosed in section 4.5.8.1 (14) Short-term operating liabilities.