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ANNUAL REPORT OF THE COMPANY HSE &
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Contents 7 8 9 10 13 13 14 15 1 Int
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What you see: Downpour What we see:
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1.2 Report of the Supervisory Board
- Page 11 and 12: Other important matters and issues
- Page 13 and 14: 1.2.2 Monitoring and supervision of
- Page 15 and 16: 1.3 Electricity production and trad
- Page 17 and 18: HSE Group 2012 2011 IND 12 / 11 Net
- Page 19 and 20: 1.5 Chronology of important events
- Page 21 and 22: • On 19 October, an agreement on
- Page 23: management. Immediately after the i
- Page 26 and 27: 2.1 Controlling company 2.1.1 Profi
- Page 28 and 29: 2.1.3 Management of the controlling
- Page 30 and 31: 2.1.4 Corporate governance statemen
- Page 32 and 33: • Supervising the integrity of fi
- Page 34 and 35: HSE Group in western, central and s
- Page 36 and 37: Hydro production Dravske elektrarne
- Page 38 and 39: Srednjesavske elektrarne d.o.o. (SR
- Page 40 and 41: Termoelektrarna Trbovlje d.o.o. (TE
- Page 42 and 43: PV Zimzelen d.o.o. is a retirement
- Page 44 and 45: HSE Adria d.o.o. HSE Adria d.o.o. M
- Page 46 and 47: Investments HSE Invest d.o.o. HSE I
- Page 48 and 49: Regular cooperation with trade unio
- Page 50 and 51: National, European and global frame
- Page 52 and 53: 2.5.4 Achieving information securit
- Page 54 and 55: performed with the help of market c
- Page 56 and 57: Slovenian electricity market in 201
- Page 58 and 59: The scope of trading on the Italian
- Page 60 and 61: Long-term contracts and day-ahead m
- Page 64 and 65: 2.9 Investments The HSE Group is bo
- Page 66 and 67: At HPP Krško, the following activi
- Page 68 and 69: Most of company’s investments wer
- Page 70 and 71: Debt ratio The debt ratio is an imp
- Page 72 and 73: The value of assets and total equit
- Page 74 and 75: Equity to fixed assets ratio in €
- Page 76 and 77: Debt-to-equity ratio in € 2012 20
- Page 78 and 79: Operating fixed assets rate in €
- Page 80 and 81: Net return on equity ratio (ROE) in
- Page 82 and 83: 2.12 Risk management The HSE Group
- Page 84 and 85: 2.12.2 Operating risks Market risk
- Page 86 and 87: In 2012, risks were managed with th
- Page 88 and 89: Production management The HSE Group
- Page 90 and 91: Risk of investment activities The k
- Page 92 and 93: 2.14 Research and development In 20
- Page 94 and 95: EU level Key activities: • EU Ren
- Page 96 and 97: 2 Poslovno poročilo
- Page 98 and 99: 3.1 Responsibility to employees In
- Page 100 and 101: Employees and the community Employe
- Page 102 and 103: Number of employees as at 31 Decemb
- Page 104 and 105: certificates on their behalf. In 20
- Page 106 and 107: 2 Poslovno poročilo
- Page 108 and 109: 4.1 Auditor’s report Annual Repor
- Page 110 and 111: 4.2 Statement of management’s res
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4.4 Financial statements 4.4.1 Stat
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4.4.4 Cash flow statement in € An
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4.5 Notes to the financial statemen
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4.5.3 Basis of measurement Company
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4.5.7.2 Property, plant and equipme
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4.5.7.4.2 Non-derivative financial
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4.5.7.7 Equity Total equity of the
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Costs of services are historical co
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in € Intangible assets Emission c
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Investments in subsidiaries (3) in
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Significant amounts from statements
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Short-term financial receivables fr
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Other short-term assets (7) in €
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Provisions for termination and jubi
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Short-term financial liabilities (1
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Other current liabilities (15) in
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Costs of goods, materials and servi
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Tax (24) The company is subject to
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In the reporting period, individual
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Receipts of supervisory board membe
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in € Changes in allowances for sh
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In March 2013, the company TEŠ dre
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Sensitivity analysis of cash flow a
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4.5.8.9 Fair values The company est
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5.1 Auditor’s report for HSE Grou
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5.2 Statement of management’s res
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5.4 Consolidated financial statemen
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5.4.4 Consolidated cash flow statem
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5.5 Notes to the consolidated finan
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5.5.2 Basis for preparation In the
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5.5.4 Currency reports 5.5.4.1 Func
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Emission coupons are not amortised,
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5.5.7.5 Long-term investments in as
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5.5.7.7 Inventories Inventories are
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5.5.7.10 Provisions for jubilee and
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Write-downs in value include amorti
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5.5.8 Notes to the consolidated fin
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Property, plant and equipment (2) i
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Other long-term investments and loa
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Changes in deferred tax assets in 2
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Cash and cash equivalents (8) in
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Provisions for legal actions are cr
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Long-term operating liabilities to
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Considering the increase in assesse
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In 2012, the audit of financial sta
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Financial expenses (27) Financial e
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Considering the abovementioned fact
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5.5.8.8.1 Credit risk Most of the G
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Changes in allowances for short-ter
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Contracts concluded for currency sw
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in € Capital management 31 Decemb
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Contacts Holding Slovenske elektrar
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HSE BH d.o.o. Bulevar Meše Selimov
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NIP 5 Revised investment programme
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Holding Slovenske elektrarne d.o.o.