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