Výročná správa 2008 - Transpetrol

TRANSPETROL, a. s. Financial statements
Šumavská 38 for the year ended 31 December 2008
821 08 Bratislava
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11
Movements in the provision for inventories during the accounting period are shown in the following table:
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Material 3,866 - (3,866) -
Finished goods -
-
-
-
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The provision created in the previous years was released because of final liquidation of inventories.
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Movements in the provision for receivables during the accounting period are shown in the following table:
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Trade receivables 96,373 2,632 (30,966) 68,039
Other receivables 30,800 - - 30,800
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Provision is created for overdue receivables after reflecting specific cases. Its decrease in 2008 relates to write-off of
receivables that were acquired from subsidiaries (Note H.2).
The ageing structure of short-term receivables is presented in the following table:
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Receivables within due date 240,881 339,782
Overdue receivables 104,229 129,475
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The receivables of the Company are not pledged as of 31 December 2008.
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Financial accounts include cash in hand, bank accounts, and securities. Bank accounts are fully available for the
Company’s use, except for a term deposit of SKK 4,260 thousand, which will be available after 24 January 2012. Bank
accounts also include the funds deposited on the accounts in SKB, a.s. and AG Bank, a.s. at the amount of SKK 388
thousand, which are in bankruptcy proceedings and for which a provision has been set-up in full amount.
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In 2007 the Company disposed off bills of exchange into financial expenses in a total amount of SKK 16,487 thousand
and at the same time the provision in full amount was released. The Company does not have any current financial assets
as of 31 December 2008.