Annual report - HSE
Annual report - HSE
Annual report - HSE
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4.5.8.9 Fair values<br />
The company estimates that the carrying amount is sufficient approximation for its financial<br />
instruments, except derivatives, which are recorded at fair value.<br />
31 December 2012 31 December 2011<br />
Financial instruments Carrying Fair Carrying Fair<br />
amount value amount value<br />
Non-derivative financial assets 389,566 389,566 246,500 246,500<br />
at fair value<br />
Available-for-sale financial assets 366,500 366,500 246,500 246,500<br />
Derivatives (assets) 23,066 23,066 0 0<br />
Non-derivative financial assets 523,005,713 523,005,713 278,676,684 278,676,684<br />
at amortised cost<br />
Financial receivables 303,576,705 303,576,705 109,317,324 109,317,324<br />
Operating receivables 216,228,514 216,228,514 151,156,228 151,156,228<br />
Cash 3,200,494 3,200,494 18,203,132 18,203,132<br />
Total non-derivative financial assets 523,395,279 523,372,213 278,923,184 278,923,184<br />
Non-derivative financial liabilities 3,470,570 3,470,570 2,809,549 2,809,549<br />
at fair value<br />
Derivatives (liabilities) 3,470,570 3,470,570 2,809,549 2,809,549<br />
Non-derivative financial liabilities 530,779,594 530,779,594 323,390,775 323,390,775<br />
at amortised cost<br />
Bank loans 319,782,242 319,782,242 177,308,243 177,308,243<br />
Operating liabilities 210,997,352 210,997,352 146,082,532 146,082,532<br />
Total non-derivative liabilities 534,250,164 534,250,164 326,200,324 326,200,324<br />
in €<br />
in €<br />
Financial assets carried at fair value by hierarchy 31 December 2012 31 December 2011<br />
Financial assets at second-level fair value 23,066 0<br />
Financial assets at third-level fair value 366,500 246,500<br />
Total financial assets at fair value 389,566 246,500<br />
4.5.8.10 Other disclosures<br />
In 2011, the company started producing electricity in SPP Velenje, meaning that besides<br />
electricity trading it also performs the production activity. In accordance with the Energy<br />
Act, the company monitors the electricity production in SPP separately. Based on this<br />
production, in 2012 the company generated EUR 20,031 of sales revenue and incurred<br />
EUR 1,689 of expenses arising from equipment insurance and compensation for servitude<br />
rights. The SPP, which is posted as production equipment in the company’s fixed assets,<br />
was depreciated by EUR 5,080 in 2012. Net profit before tax thus amounts to EUR 13,262.<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
4 Financial Report of the company <strong>HSE</strong><br />
158<br />
4.5.8.11 Events after the <strong>report</strong>ing date<br />
There were no significant events after the balance sheet date that could affect the<br />
company’s financial statements for 2012.
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