Annual report - HSE

Considering the abovementioned facts, the total comprehensive income, which includes
the net profit or loss in the amount of EUR 85,980,549 and changes in other comprehensive
income in the amount of EUR -5,262,332, amounts to EUR 80,718,217 at the end of 2012,
of which EUR 83,838,010 belong to the majority owner and EUR -3,119,793 to the minority
owner.
5.5.8.4 Consolidated cash flow statement
The consolidated cash flow statement shows changes in the balance of cash during the
financial year.
Cash comprises cash on hand, deposit money on transaction accounts, deposits
redeemable at notice and deposits tied up to three months.
The data in the consolidated cash flow statement is obtained from cash flow statements
of the Group companies, taking into account eliminations in the process of consolidation.
Cash flow types 2012 2011
Cash flows from operating activities 156,048,670 135,505,458
Cash flows from investing activities -293,691,682 -336,124,874
Cash flows from financing activities 77,678,538 175,318,934
Cash flow for the period -59,964,474 -25,300,482
in €
5.5.8.5 Consolidated statement of changes in equity
The consolidated statement of changes in equity shows all changes in equity components
during a financial year.
In 2012, the following changes in equity in total amount of EUR -16,353,225 arose from
transactions with owners:
• payment of participation in profit in the amount of EUR -20,000,000, which represents a
part of accumulated profit of the controlling company in 2011;
• increase in the Group’s retained earnings of EUR 956,499, due to consolidation of the
company Golte d.o.o. in the PV Group;
• increase in the retained earnings of minority owners in the amount of EUR 1,766,276, due
to consolidation of the company Golte d.o.o. in the PV Group; and
• additional investments of minority owners in the subsidiary in the amount of EUR
924,000.
Total comprehensive income of the reporting period increased by EUR 80,718,217, with the
increase consisting of:
• net profit for the year in the amount of EUR 89,099,073, attributable to the majority
owner;
• net loss for the year in the amount of EUR -3,118,524 incurred by the majority owner;
• change in fair value reserve of the controlling company in the amount or EUR -4,659,940
(detailed disclosure in the financial report of the controlling company);
• the controlling company’s share in the fair value reserve of the subsidiaries in total
amount of EUR -221,780 (mostly fair value of financial instruments for hedging against
changeability of cash flows);
• change in other components of comprehensive income of the minority owner in the
amount of EUR – 1,269; and
• loss arising from conversion of financial statements of companies in other countries in
the amount of EUR -379,343.
5 Financial Report of HSE Group
Annual Report HSE 2012
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