Annual report - HSE

Changes in other Emission coupons Quotas for Government grants Other TOTAL
long-term liabilities disabled and EU funds received
Balance as at 01/01/2011 10,058,110 464,157 7,684,285 1,669,105 19,875,657
Creation, increase 0 8,414,694 0 226,311 8,641,005
Decrease - drawing -4,905,776 -10,649,850 -1,378,153 -1,672,076 -18,605,855
Transfers 0 8,220,652 0 0 8,220,652
Balance as at 31/12/2011 5,152,334 6,449,653 6,306,132 223,340 18,131,459
Balance as at 01/01/2012 5,152,334 6,449,653 6,306,132 223,340 18,131,459
Creation, increase 0 7,106,281 1,955,073 0 9,061,354
Decrease - drawing -4,937,029 -7,472,097 -1,378,151 -128,102 -13,915,379
Balance as at 31/12/2012 215,305 6,083,837 6,883,054 95,238 13,277,434
in €
Long-term financial liabilities (13)
in €
Long-term financial liabilities 31 December 2012 31 December 2011
To banks 378,466,499 407,863,636
Other 5,302,641 3,928,337
TOTAL 383,769,140 411,791,973
Long-term financial liabilities of the companies represent long-term bank loans and
negative fair value of IRS.
Loans have been taken with Slovene and foreign banks, and interest rates range between
0.56% and 6.06 %, depending on the type of the loan, maturity and the timing of borrowing.
They also include loans which fall due in a period of more than five years, but not later than
2036.
Long-term loans are mostly intended for the financing of property, plant and equipment.
Long-term loans are secured with bills of exchange, guarantees, mortgages taken out on
real estate, assignment of receivables, pledge of accounts and cash, and a guarantee of
the controlling company or the Republic of Slovenia.
Long-term loans are disclosed in detail in annual reports of individual Group companies.
Interest rate swaps have been entered into for some of the Group’s long-term loans to
lower the risk of increases in variable interest rates. Due to lower interest rates, their fair
values have been recorded as part of other long-term financial liabilities and revaluation
deficit. More detailed disclosures are presented in the section on interest rate risk.
Maturity of long-term liabilities is disclosed in the section on liquidity risk.
Long-term operating liabilities (14)
in €
Long-term operating liabilities 31 December 2012 31 December 2011
To suppliers 1,777,218 3,441,001
Advances 5,758 67,284
Other 440,039 560,127
TOTAL 2,223,015 4,068,412
Annual Report HSE 2012
5 Financial Report of HSE Group
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