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