Annual report - HSE

Long-term operating liabilities to suppliers mostly refer to insurances concluded for the
construction site of replacement Unit 6 with a postponed payment deadline.
Most of other long-term operating liabilities are represented by liabilities arising from
compensations and co-participation for apartments.
Short-term financial liabilities (15)
in €
Short-term financial liabilities 31 December 2012 31 December 2011
To banks 224,876,081 80,533,337
Other 110,691 498,158
TOTAL 224,986,772 81,031,495
Short-term financial liabilities to banks comprise a part of long-term bank loans to the
Group companies, which fall due a year after the date of financial position, and shortterm
loans. Interest rates range between 1.77 % and 5.73 %. Accounted for but not yet due
interest on loans amounted to EUR 1,513,619, at the end of the period.
Short-term financial liabilities to others mostly refer to negative fair value of currency
swaps of the controlling company.
The amount of short-term financial liabilities eliminated in consolidation procedure
totalled EUR 378,623,344.
Short-term operating liabilities (16)
in €
Short-term operating liabilities 31 December 2012 31 December 2011
To Group companies 5,323 80,815
To associates 1,583,807 719,192
To joint ventures 153,522 0
To suppliers 374,655,800 240,448,368
Advances 439,633 607,039
To employees 10,547,379 11,074,143
To government and other institutions 36,892,824 15,765,379
Other 3,561,346 4,464,001
TOTAL 427,839,634 273,158,937
The largest share of short-term operating liabilities to suppliers arises from liabilities
to suppliers for the replacement Unit 6 and the liabilities for the electricity purchased in
Slovenia and abroad.
The amount of short-term receivables eliminated in consolidation totalled EUR 124,476,441.
Maturity of liabilities is disclosed in the section on liquidity risk.
5 Financial Report of HSE Group
Annual Report HSE 2012
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