5.5Notestothenancialstatements
5.5.1Non-currentassets
Intangible assets
2018

ITEM Propertyrights
Otherintangible
assets
Intangible assets
under construction
Total
Historicalcost
Balanceasat1January2018 402,156 7,264,988 - 7,667,144
  261,255
    -
  -6,467
Balanceasat31December2018 434,696 7,487,236 - 7,921,932
Valueadjustment
Balanceasat1January2018 340,537 6,527,450 - 6,867,987
   664,290
  -5,557
Balanceasat31December2018 377,589 7,149,131 - 7,526,720
Carryingamount
Balanceasat1January2018 61,619 737,538 - 799,157
Balanceasat31December2018 57,107 338,105 - 395,212

2017

ITEM Propertyrights
Otherintangible
assets
Intangible assets
under construction
Total
Historicalcost
Balanceasat1January2017 339,889 6,548,850 - 6,888,739
  778,405
    -
Balanceasat31December2017 402,156 7,264,988 - 7,667,144
Valueadjustment
Balanceasat1January2017 339,889 6,063,946 - 6,403,835
   464,152
Balanceasat31December2017 340,537 6,527,450 - 6,867,987
Carryingamount
Balanceasat1January2017 - 484,904 - 484,904
Balanceasat31December2017 61,619 737,538 - 799,157

Property,plantandequipment
2018

ITEM Land Buildings Equipment
Investments
inprogress
Total
Historicalcost
Balanceasat1January2018 10,208,476 176,000,646 136,847,176 3,656,812 326,713,110
  28,374,545
     -
    -8,611,179
    -1,171,938
Balanceasat31December2018 10,191,042 175,092,912 155,708,610 4,311,974 345,304,538
Valueadjustment
Balanceasat1January2018 462,144 64,815,122 110,977,984 - 176,255,250
    11,985,082
   -7,799,279
   -224,417
Balanceasat31December2018 498,156 67,273,089 112,445,391 - 180,216,636
Carryingamount
Balanceasat1January2018 9,746,332 111,185,524 25,869,192 3,656,812 150,457,860
Balanceasat31December2018 9,692,886 107,819,823 43,263,219 4,311,974 165,087,902
2017

ITEM Land Buildings Equipment
Investments
inprogress
Total
Historicalcost
Balanceasat1January2017 10,713,950 177,113,850 133,431,750 3,069,400 324,328,950
  12,284,006
     -
    -5,581,551
   23,411
   -4,341,706
Balanceasat31December2017 10,208,476 176,000,646 136,847,176 3,656,812 326,713,110
Valueadjustment
Balanceasat1January2017 426,171 62,522,114 107,610,818 - 170,559,103
    11,345,150
  32,024
   -5,023,622
  -657,405
Balanceasat31December2017 462,144 64,815,122 110,977,984 - 176,255,250
Carryingamount
Balanceasat1January2017 10,287,779 114,591,736 25,820,932 3,069,400 153,769,847
Balanceasat31December2017 9,746,332 111,185,524 25,869,192 3,656,812 150,457,860













Property,plantandequipmentundernanceleases
ITEM Equipment Total
  634,433
  70,486
Carryingamount 563,947 563,947


Investmentproperty
2018

ITEM Investmentproperty
Historicalcost
Balanceasat31December2017 10,688,980
Balanceasat1January2018 10,688,980
 
 
 
Balanceasat31December2018 11,437,622
Valueadjustment
Balanceasat31December2017 3,325,135
Balanceasat1January2018 3,325,135
 
 
 
Balanceasat31December2018 3,599,897
Carryingamount
Balanceasat31December2017 7,363,845
Balanceasat1January2018 7,363,845
Balanceasat31December2018 7,837,725
2017

ITEM Investmentproperty
Historicalcost
Situation as at 31 December 2016 10,926,591
Balanceasat1January2017 10,926,591
 
 
 
 
Balanceasat31December2017 10,688,980
Valueadjustment
Situation as at 31 December 2016 5,335,378
Balanceasat1January2017 5,335,378
 
 
 
Balanceasat31December2017 3,325,135
Carryingamount
Situation as at 31 December 2016 5,591,213
Balanceasat1January2017 5,591,213
Balanceasat31December2017 7,363,845

• 
•

that are or will be rented out.



















2017

ITEM Investmentproperty
Historicalcost
Situation as at 31 December 2016 10,926,591
Balanceasat1January2017 10,926,591
 
 
 
 
Balanceasat31December2017 10,688,980
Valueadjustment
Situation as at 31 December 2016 5,335,378
Balanceasat1January2017 5,335,378
 
 
 
Balanceasat31December2017 3,325,135
Carryingamount
Situation as at 31 December 2016 5,591,213
Balanceasat1January2017 5,591,213
Balanceasat31December2017 7,363,845

• 
•

that are or will be rented out.



















Investmentsinsubsidiaries
Generaldataregardingsubsidiaries

SUBSIDIARY
Registeredoceof
subsidiary
Participating
interest
Equityasat
31 December
2018(inEUR)
Netprotor
lossin2018
(inEUR)
Equityasat
31 December
2017(inEUR)
Netprotor
lossin2017
(inEUR)



    



    



    



    

d. o. o.


    



    



    
Balanceofinvestmentsinsubsidiaries

SUBSIDIARY 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
   


   
Total 15,394,512 15,394,512 100
Changesininvestmentsinsubsidiaries

ITEM 2018 2017
Index
2018/2017
Balanceasat1January 15,394,512 15,874,263 97
 
 
Balanceasat31December 15,394,512 15,394,512 100

Investmentsinassociates
Generaldataregardingassociates

ASSOCIATE
Registeredoceof
associate
Participating
interest
Equityasat31
December2018
(inEUR)
Netprotorloss
in2018(inEUR)



  
Balanceofinvestmentsinassociates

ASSOCIATE 31/12/2018 31/12/2017
Index
2018/2017
   
Total 111,009 111,009 100


Othernancialassets
Balanceofothernancialassets

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
Total 49,379 47,307 104
Changesinothernancialassets

ITEM 2018 2017
Index
2018/2017
Balanceasat1January 47,307 38,871 122
Revaluation   
Balanceasat31December 49,379 47,307 104





Financialreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
 
 
 
Total 447,900 - -
Interest rates
Interestrate(in%) EUR
  

  
Changesinothernancialreceivables

ITEM 2018 2017
Index
2018/2017
Balanceasat1January - 800,000 -
 
 
 
Balanceasat31December 447,900 - -
Changesinadjustmentstothevalueofnancialreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Balanceasat1January - - -
 
Balanceasat31December 2,100 - -

Operatingreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   111
Total 496,039 690,982 72




Changesinadjustmentstothevalueofoperatingreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Balanceattheendofpreviousnancialyear 86,230 86,230 100
 
Balanceasat1January 95,358 86,230 111
 
Balanceasat31December 95,956 86,230 111
Operatingreceivablesbymaturity

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Total 591,995 777,212 76


OtherAssets

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
Total 380,977 379,225 100
5.5.2Currentassets
Assetsheldforsale

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   2
Total 31,759 1,392,793 2

Assetsfromcontractswithcustomers

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
Total 10,484,799 - -
Changesinadjustmentstothevalueofaccruedrevenues

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
Balanceasat1January 58,526 - -
   
Balanceasat31December 72,286 - -

Inventories

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Total 1,290,988 1,148,675 112
Impairments,write-os,inventorydecitandsurplus

ITEM 31/12/2018 31/12/2017
Index
2018/2017
  142 
   
   
   
Total 63,641 96,928 66








Financialreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
 
 
Total - 600,000 -


Operatingreceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
 
   
   
   
   
   


  
   
 
   
   
Total 39,846,267 37,207,341 107
OperatingreceivablesfromGroupcompanies

ITEM 31/12/2018 31/12/2017
Index
2018/2017
TradereceivableswithintheGroup
   
   
IPPS d. o. o.   74
   11
   
   
   
2,063,874 2,223,778 93
ReceivablesfordefaultinterestwithintheGroupand
otheroperatingreceivableswithintheGroup
 
   117
164 538 30
Total 2,064,038 2,224,316 93


Operatingreceivablesbymaturity

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
   
   
   
   
   
Total 42,697,211 39,799,363 107

OperatingreceivableswithintheGroupbymaturity

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
 
 
 
Total 2,064,038 2,224,316 93


Changesinadjustmentstothevalueofreceivables
Changesinadjustmentstothevalueoftradereceivables

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Balanceattheendofpreviousnancialyear 2,056,733 2,139,513 96
 
Balanceasat1January 2,436,644 2,139,513 114
   
   121
   
 
Balanceasat31December 2,360,083 2,056,733 115
ChangesinadjustmentstothevalueoftradereceivableswithintheGroup

ITEM 31/12/2018 31/12/2017
Index
2018/2017

 
Balanceasat1January 16,710 - -
 
Balanceasat31December 15,487 - -
Changesinadjustmentstothevalueofreceivablesfordefaultinterest

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Balanceattheendofpreviousnancialyear 146,750 163,067 90
 
Balanceasat1January 104,418 163,067 64
   
   
   
Balanceasat31December 93,021 146,750 63
Changesinadjustmentstothevalueofreceivablesfromemployeesandothers

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Balanceattheendofpreviousnancialyear 388,539 436,863 89
 
Balanceasat1January 390,357 436,863 89
   
   
   144
Balanceasat31December 382,353 388,539 98
Advancesandotherassets

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
 
   
Total 1,771,095 17,056,909 10




Cashandcashequivalents

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   74
   
   121
Total 46,820,474 35,620,526 131




5.5.3Equity
Equity

ITEM 31/12/2018 31/12/2017
Index
2018/2017
Share capital   
   
   
- legal reserves 1,325,032 825,537 161
   
   
   
Total 217,582,308 212,053,956 103







Distributableprot

ITEM 2018 2017
Index
2018/2017
   
   



  
Distributableprotthatgeneralmeetingallocatesto
sharesinprotandotherreserves,andfortransfertonext
yearandotherpurposes
16,632,433 11,654,253 143




• 
• 
5.5.4Non-currentliabilities
Provisions

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   44
   
Total 15,556,255 15,657,552 99
Changeinprovisions

ITEM
Balanceasat
1January2018
Usedin2018 Reversedin2018 Createdin2018
Balanceasat
31December2018
     
     
     
   
Total 15,657,552 -995,969 -279,453 1,174,125 15,556,255






Deferredrevenues

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
Total 313,955 205,494 153


Financial liabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
 
   71
Total 13,135,055 390,547 3,363










5.5.4Non-currentliabilities
Provisions

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   44
   
Total 15,556,255 15,657,552 99
Changeinprovisions

ITEM
Balanceasat
1January2018
Usedin2018 Reversedin2018 Createdin2018
Balanceasat
31December2018
     
     
     
   
Total 15,657,552 -995,969 -279,453 1,174,125 15,556,255






Deferredrevenues

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
Total 313,955 205,494 153


Financial liabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
 
   71
Total 13,135,055 390,547 3,363










Operatingliabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
Total 949,548 990,807 96












5.5.5Currentliabilities
Financial liabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
 
   
Total 2,255,492 108,936 2,070


Operatingliabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
 
   
   
   
  
   
Total 30,765,791 30,175,345 102
OperatingliabilitiestoGroupcompanies

ITEM 31/12/2018 31/12/2017
Index
2018/2017
TradepayableswithintheGroup
   
   
   
   
 
   
   
Total 2,311,960 2,403,429 96




Aslessor

ITEM 2018
 
 
Total 6,500,290
Aslessee

ITEM 2018
 
 
Total 15,381,635
Liabilitiesfromcontractswithcustomers

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
Total 33,315 - -
Otherliabilities

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   111
- unused annual leave allowance 2,892,900 2,757,421 105
- costs of international invoicing 7,894,604 7,166,006 110
- other costs 1,265,074 923,952 137
   
Total 12,129,694 10,873,395 112
Contingent assets and liabilities
Receivedandissuedguaranteesandsureties

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Total 5,875,542 6,215,589 95





ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Other   
Total 32,815,411 24,281,973 135



5.5.6Operatingrevenues
Salesrevenue

ITEM 2018 2017
Index
2018/2017
   
   


  
   127
Total 230,154,412 219,460,802 105

ITEM 2018 2017
Index
2018/2017
   
   
Total 230,154,412 219,460,802 105



Otherrevenues

ITEM 2018 2017
Index
2018/2017
 
   
   
   



 
   
   
   
   71
Total 3,999,840 1,817,671 220




























5.5.7Operatingexpenses
Operatingexpensesbyfunctionaltype

ITEM 2018 2017
Index
2018/2017
   
   
   
   
Total 224,099,796 214,109,793 105
Historicalcostofgoodssold,costsofmaterialandenergy

ITEM 2018 2017
Index
2018/2017
   
Costs of material and energy 10,531,612 10,343,587 102
- costs of materials 2,056,114 1,913,704 107
- energy costs 6,821,329 6,189,628 110
- write-o of small inventory 877,260 1,627,812 54
- stationery supplies and technical literature 775,960 613,382 127
- other costs of materials and inventory dierences for materials 949 -939 -101
Total 11,049,391 11,005,543 100
Costsofservices

ITEM 2018 2017
Index
2018/2017
   
   
   
   
   
   
   
   
   
   121
   
AKOS fee   
   114
Total 62,378,010 58,845,346 106
Costsofauditingservices

ITEM 2018 2017
Index
2018/2017
   111
 
Total 29,237 30,283 97
Labour costs

ITEM 2018 2017
Index
2018/2017
   
   
   
   
Travel allowance   
Annual leave allowance   
   
   
   
   
Total 136,876,645 129,547,801 106

2018 2017
Index
2018/2017
   
   
RemunerationoftheExecutiveManagement,SupervisoryBoardandemployeesonindividualcontracts

2018 2017
Index
2018/2017
   
   
   
Total 2,719,284 2,735,590 99
EarningsoftheExecutiveManagement

NAMEAND
SURNAME
Gross
wages(1)
Variable
element of
wages(2)
Fringebenets
(3)
Total gross
wages
(1+2+3)
Total net
wages*
Travel
expenses
anddaily
allowances
      
Andrej Rihter      
      
Total 257,010 33,332 21,991 312,333 143,323 4,747


EarningsofmembersoftheSupervisoryBoard,anditsauditcommitteeandhumanresourcecommittee

NAMEAND
SURNAME
Grossannual
wagesfor
performanceof
function(1)
Grossannual
attendance fees
forSupervisory
Boardand
committee
meetings(2)
Travelexpenses
(3)
Total gross
wages(1+2+3)
Total net
wages*
     
     
     
Peter Grilc     
     
     
    
    
   
    
    
     
   272  
Total 86,350 37,770 5,074 129,194 93,030







ITEM 31/12/2018 31/12/2017
Index
2018/2017
Loans granted
 
Total - 5,145 -


Amortisation/depreciation

ITEM 2018 2017
Index
2018/2017
   
   
   
Total 12,835,728 12,021,337 107
Otherexpenses

ITEM 2018 2017
Index
2018/2017
   
   
   
  142 
   
   
   
   
   
   
   
Total 2,176,422 2,359,534 92












5.5.8Financeincome
Financeincomefromparticipationintheprotofsubsidiaries,associatesandjoint
vent
ures

ASSOCIATE 2018 2017 Index2018/2017
   
Total 1,190,749 455,348 262

Finance income

ITEM 2018 2017 Index2018/2017
   
  744 
   
   
 
Total 505,069 578,371 87



5.5.9Financecosts
Finance costs

ITEM 2018 2017 Index2018/2017
 
   
   
   141



 
   
Total 533,727 982,029 54
5.5.10Corporateincometaxanddeferredtaxes
Corporateincometaxanddeferredtaxes

ITEM 2018 2017 Index2018/2017

   
Currenttax 10,255 -45,836 -22
   
   

   
   
   
   
   
   
   
Totaltax 10,255 -45,836 
Eectivetaxrate 0.00% -1.00%



Deferredtaxassets

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Total 2,275,376 2,185,891 104
Changesindeferredtaxassetsin2018

ITEM
Balanceasat
1January2018
Transition Usedin2018
Reversedin
2018
Created in
2018
Balanceasat
31 December
2018
     


 


    
Total 2,185,891 86,478 -152,341 -25,501 180,849 2,275,376
5.5.10Corporateincometaxanddeferredtaxes
Corporateincometaxanddeferredtaxes

ITEM 2018 2017 Index2018/2017

   
Currenttax 10,255 -45,836 -22
   
   

   
   
   
   
   
   
   
Totaltax 10,255 -45,836 
Eectivetaxrate 0.00% -1.00%



Deferredtaxassets

ITEM 31/12/2018 31/12/2017
Index
2018/2017
   
   
   
Total 2,275,376 2,185,891 104
Changesindeferredtaxassetsin2018

ITEM
Balanceasat
1January2018
Transition Usedin2018
Reversedin
2018
Created in
2018
Balanceasat
31 December
2018
     


 


    
Total 2,185,891 86,478 -152,341 -25,501 180,849 2,275,376
Changesindeferredtaxassetsin2017

ITEM
Balanceasat
1January2017
Usedin2017 Reversedin2017 Createdin2017
Balanceasat
31 December
2017
     


  


    
Total 2,140,056 -127,997 -94,356 268,188 2,185,891
Eectofdeferredtaxontransition,incomestatementandothercomprehensiveincome

ITEM
Balanceasat
1January2018
Transition
Recognised in
income statement
Recognised
inother
comprehensive
income
Balanceasat
31 December
2018
    


 


   
Total 2,185,891 86,478 -10,255 13,261 2,275,376






5.5.11Notestochangesinothercomprehensiveincome






5.5.12Notestothecashowstatement
The cashowstatement


ITEM Note 31/12/2018 31/12/2017
A.Cashowsfromoperatingactivities
   


  227
Netcashowfromoperatingactivities 25,083,709 14,256,416 176
B.Cashowsfrominvestingactivities
   
   
Netcashowfrominvestingactivities -24,774,825 -9,451,360 262
C.Cashowsfromnancingactivities
   
   
Netcashowfromnancingactivities 10,891,064 -4,019,779 -271
   
   
Transferofdepositstocashequivalents - 400,000 -
D.Closingbalanceofcashandcashequivalents 46,820,474 35,620,526 131









5.5.13Notestothestatementofchangesinequity











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