Annual report - HSE

5.5.8.8.1 Credit risk
Most of the Group companies sales the majority of their products to the controlling
company, which settles its liabilities in due time. The controlling company, therefore, takes
the larger credit risks, as disclosed in the financial report of its Annual Report.
Other Group companies manage credit risk through instruments, such as: monitoring of
customers’ credit ratings and information on customers’ operations and collateralisation
of receivables with bank guarantees and other types of insurance.
The Group companies have secured approximately 60% of short-term receivables from
buyers, which represent the majority of all Group receivables.
In case of delays, the customers in Slovenia and abroad are charged default interest at the
contractual rate.
Maturity date
Maturity dates of long-term liabilities Up to 2 years From 3 to 5 years Over 5 years TOTAL
as at 31/12/2011 after the date of after the date of after the date of
the statement of the statement of the statement of
financial position financial position financial position
Financial receivables from others 24,000 0 0 24,000
Financial receivables from deposits given to others 309,198 0 0 309,198
Operating receivables from associates 275,791 275,791 0 551,582
Operating receivables from advances given 100,000 10,147 82,318 192,465
Operating receivables from others 929,376 4,232 7,958 941,566
Total 1,638,365 290,170 90,276 2,018,811
Maturity date
Maturity dates of long-term liabilities Up to 2 years From 3 to 5 years Over 5 years TOTAL
as at 31/12/2012 after the date of after the date of after the date of
the statement of the statement of the statement of
financial position financial position financial position
Financial receivables from others* 18,000 6,000 0 24,000
Financial receivables from deposits given to others 112,445 63,847 0 176,292
Operating receivables from associates 137,895 275,792 0 413,687
Operating receivables from advances given 27,000 9,147 82,318 118,465
Operating receivables from others 688,890 12,295 1,445 702,630
Total 984,230 367,081 83,763 1,435,074
in €
in €
* 6,000 of financial receivables are overdue
5 Financial Report of HSE Group
Annual Report HSE 2012
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