[financial report] - RTV SLO

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Tables and figure

3 · Table 1: Balance sheet as at 31 December 2007

4 · Table 2: Balance and movement of intangible assets and tangible fixed assets in 2007

5 · Table 3: Balance and movement of long-term investments and loans in 2007 6 · Table 4: Statement of revenues and expenses of certain users for 2007 7 · Table 5: Statement of revenues and expenses by the type of activity for 2007 8 · Table 6: Statement of revenues and expenses of certain users by the cash-

flow principle for 2007

9 · Table 7: Statement of financial receivables and investments for 2007 10 · Table 8: Statement of financing account of certain users for 2007 12 · Table 9: Overview of long-term assets as at 31 December 2007 by

procurement, depreciation and carrying depreciation value with a write-off level (in EUR)

12 · Table 10: Structure of intangible fixed assets and tangible fixed assets as at 31 December 2007 by sources (in EUR)

13 · Table 11: Overview of long-term receivables and investments as at 31 December 2007 and 31 December 2006 (in EUR)

13 · Table 12: Short-term trade receivables as at 31 December 2007 (in EUR) 14 · Table 13: Overview of inventories as at 31 December 2007 (in EUR) 14 · Table 14: Overview of deferred costs and accrued revenues as at 31

December 2007 compared to 31 December 2006 (in EUR)

14 · Table 15: Overview of liabilities for the assets in management by sources as at 31 December 2007 (in EUR)

14 · Table 16: Overview of long-term provisions as at 31 December 2007 (in EUR) 15 · Table 17: Overview of short-term liabilities as at 31 December 2007 (in EUR) 16 · Table 18: Items of accrued costs and deferred revenues as at 31 December

2007 (in EUR)

16 · Table 19: Off-balance sheet record as at 31 December 2007 (in EUR) 17 · Table 20: Overview of operating revenues in 2007 and 2006 (in EUR) 17 · Table 21: Overview of revenue from financing in 2007 and 2006 (in EUR) 17 · Table 22: Overview of extraordinary revenue in 2007 and 2006 (in EUR) 17 · Table 23: Overview of revaluation revenue in 2007 and 2006 (in EUR) 18 · Table 24: Cost of material and services in 2007 and 2006 (in EUR) 18 · Table 25: Labour costs in 2007 and 2006 (in EUR)

19 · Table 26: Financial expenses in 2007 and 2006 (in EUR)

19 · Table 27: Other (extraordinary) expenses in 2007 and 2006 (in EUR) 19 · Table 28: Revaluation expenses in 2007 in 2006 (in EUR)

20 · Table 29: Statement of account of financial receivables and investments for 2007 and 2006 (in EUR)

20 · Table 30: Statement of financing account of certain users for 2007 and 2006 (in EUR)

22 · Table 31: Calculation of depreciation by following the old and the new depreciation rates for 2007 (in EUR)

24 · Figure: Comparison of cumulative indexes of increase in RTV licence fee (subscription) and cumulative indexes of inflation

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Introduction ///

RTV Slovenia is a public institute entered onto the court register with the District Court of Ljubljana, entry No. 061/10084900. The basic object of business of the institute is radio and television activity. The founder is the Republic of Slovenia, to which RTV Slovenia is held liable for the assets under management. The bodies of the institute are the Programme Council of RTV Slovenia and the Supervisory Council of RTV Slovenia.

Basic data

Name and main offices: RTV Slovenija, javni zavod, Kolodvorska 2, Ljubljana Tax number: 29865174

Registration number: 5056497 Number of the budget user: 35513

Accounting ledgers, assessment of accounting items and controlling are governed by the Public Finance Act (Off. Gaz. of the Republic of Slovenia, Nos. 79/99, 124/00, 79/01, 30/02 and 56/02), the Accounting Act (Off. Gaz. of the Republic of Slovenia, Nos.

23/99 and 30/02) and regulation acts, the Rules on breaking down and measuring revenues and expenses of legal entities under public law (Off. Gaz. of the Republic of Slovenia, Nos. 134/03, 34/04, 13/05, 138/06 and 120/07), Rules on the method and rates of depreciation of intangible fixed assets and tangible fixed assets (Off. Gaz. of the Republic of Slovenia, Nos. 45/05, 138/06 and 120/07), Rules amending the Rules on a uniform chart of accounts designed for the national budget, budget spending units and other entities under public law (Off. Gaz. of the Republic of Slovenia, Nos. 54/02, 117/02, 58/03, 134/03, 34/04, 75/04, 117/04, 141/04, 138/06 and 120/07), Rules on Drawing up Annual Reports for the Budget, Budget Spending Units and other Entities of Public Law (Off. Gaz. of the Republic of Slovenia, Nos. 115/02, 21/03, 134/03, 126/04 and 120/07), Rules on the Drawing Up a Consolidated Balance Sheet of the State and Municipalities (Off. Gaz. of the Republic of Slovenia, Nos. 26/03, 117/05 and 120/07), Instructions on preparing the annual financial statement of state and municipalities budgets and on methodology for preparing a report on the achieved goals and results of direct and indirect budget users (Off. Gaz of the Republic of Slovenia, Nos. 12/01, 10/06 and 8/07) and regulation acts that apply to budget users and other bodies governed by public law and Slovene Accounting Standards.

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Financial statements ///

Table 1: Balance sheet as at 31 December 2007

Assets in EUR

Breakdown in account groups

Name of account groups ADP code Current year Previous

year

1 2 3 4 5

a) Long-term assets and assets under management (002-003+004-005+006-007+008+009+010+011) 001 75,717,774 74,765,690

00 Intangible assets and long-term deferred costs and accrued revenue 002 6,564,622 14,794,792

01 Accumulated amortisation 003 4,107,950 12,179,248

02 Real estate 004 51,279,042 50,379,978

03 Accumulated depreciation 005 28,796,507 28,417,739

04 Equipment and other tangible fixed assets 006 137,470,160 131,480,679

05 Accumulated depreciation of equipment and other tangible fixed assets 007 112,381,258 107,545,226

06 Long-term investments 008 2,172,976 3,604,836

07 Long-term loans given and deposits 009 23,473,366 22,601,252

08 Long-term operating receivables 010 43,323 46,365

09 Receivables from assets under management 011 0 0

b) Short-term assets; except inventories and deferred costs and accrued revenues (013+014+015+016+017+018+019+020+021+022) 012 21,383,395 16,042,197

10 Cash in hand and readily liquid securities 013 1,428 0

11 Cash in banks and other financial institutions 014 798,779 300,722

12 Short-term trade receivables 015 11,454,843 11,487,552

13 Given advances and deposits 016 1,560,570 29,924

14 Short-term receivables due from users of the unified chart of accounts 017 4,291,307 1,487,072

15 Short-term investments 018 154,920 204,311

16 Short-term receivables from financing 019 725,697 747,238

17 Other short-term receivables 020 522,044 411,413

18 Outstanding expenses 021 0 0

19 Deferred costs and accrued revenues 022 1,873,807 1,373,965

c) Inventories (024+025+026+027+028+029+030+031) 023 3,010,701 2,612,853

30 Procurement of material 024 589,680 165,431

31 Inventories of material 025 2,273,773 2,245,522

32 Inventories of small goods and packaging 026 0 0

33 Work in progress and services 027 0 0

34 Products 028 147,248 201,899

35 Procurement of goods 029 0 0

36 Inventory of merchandise 030 0 0

37 Other inventories 031 0 0

I. Assets total (001+012+023) 032 100,111,870 93,420,739

99 Active accounts of off balance record 033 53,373,307 36,632,570

Liabilities

d) Short-term liabilities and accrued costs and deferred revenues (035+036+037+038+039+ 040+041+042+043) 034 25,863,157 21,528,839

20 Short-term liabilities from received advances and deposits 035 45,467 66,270

21 Short-term liabilities to employees 036 5,196,598 5,197,329

22 Short-term trade payables 037 11,830,015 7,283,025

23 Other short-term operating liabilities 038 5,024,779 4,185,011

24 Short-term liabilities to users of the unified chart of accounts 039 242,271 86,334

25 Short-term liabilities to financers 040 0 127,483

26 Short-term liabilities from financing 041 0 42

28 Outstanding revenues 042 0 0

29 Accrued costs and deferred revenues 043 3,524,027 4,583,346

e) Own assets and long-term liabilities (045+046+047+048+049+050+051+052-053+054+055+056+057+058-059) 044 74,248,713 71,891,901

90 General fund 045 0 0

91 Reserve fund 046 0 0

92 Long-term accrued costs and deferred revenues 047 52,997 60,445

93 Long-term provisions 048 5,309,633 7,588,554

940 Earmarked property fund in public funds 049 0 0

9410 Property fund in other owned legal entities under public law, for property, plant and equipment and intangible assets 050 0 0

9411 Property fund in other owned legal entities under public law for financial investments 051 0 0

9412 Surplus of revenue over expenses 052 0 0

9413 Surplus of expenses over revenue 053 0 0

96 Long-term financial liabilities 054 0 0

97 Other long-term liabilities 055 0 0

980 Liabilities for intangible assets and tangible fixed assets 056 48,301,766 48,307,599

981 Liabilities for long-term financial investments 057 25,801,262 26,410,403

985 Surplus of revenues over expenses 058 0 0

986 Surplus of expenses over revenues 059 5,216,945 10,475,100

I. Liabilities total (034+044) 060 100,111,870 93,420,740

99 Off balance sheet items - liabilities 061 53,373,307 36,632,570

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Table 2: Balance and movement of intangible assets and tangible fixed assets in 2007

in EUR

Name ADP

code Procurement

value (1 Jan,) Value adjustment (1 Jan,)

Increase in procurement value

Increase in value adjustment

Decrease in procurement value

Decrease in value adjustment

Amortisation Value not written-off (31 Dec,)

Revaluation due to increase in value

Revaluation due to impairment

1 2 3 4 5 6 7 8 9 10 (3-4+5-6-

7+8-9) 11 12

I. Intangible fixed assets and tangible fixed assets under management (701+702+703+704+705+706+707) 700 186,607,718 142,382,100 12,022,219 0 12,869,148 13,560,260 10,570,566 46,368,383

A. Long-term deferred costs 701 364,989 429,576 97,773 696,793

B. Concessions, patents, licences, trademarks and similar rights and assets 702 13,741,697 11,964,744 473,504 0 8,752,343 8,751,505 624,946 1,624,673

C. Other intangible fixed assets 703 617,626 213,574 19,814 0 2,181 2,181 56,785 367,081

D. Land 704 3,088,109 0 61,400 0 0 0 0 3,149,509

E. Buildings 705 46,878,968 28,301,656 838,902 0 47,576 877,177 1,252,296 18,993,519

F. Equipment 706 121,902,614 101,888,772 10,199,023 0 3,969,275 3,929,397 8,636,539 21,536,448

G. Other intangible fixed assets 707 13,715 13,354 0 0 0 0 0 361

II. Owned intangible fixed assets and tangible fixed assets (709+710+711+712+713+714+715) 708 0 0 0 0 0 0 0 0

A. Long-term deferred costs 709

B. Concessions, patents, licences, trademarks and similar rights and assets 710

C. Other intangible fixed assets 711 0

D. Land 712 0

E. Buildings 713 0

F. Equipment 714 0

G. Other intangible fixed assets 715 0 0

III. Intangible fixed assets and tangible fixed assets under financial lease (717+718+719+720+721+722+723) 716 0 0 0 0 0 0 0 0

A. Long-term deferred costs 717 0 0

B. Concessions, patents, licences, trademarks and similar rights and assets 718 0 0

C. Other intangible fixed assets 719 0 0

D. Land 720 0

E. Buildings 721 0 0

F. Equipment 722 0 0

G. Other intangible fixed assets 723 0 0

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Table 3: Balance and movement of long-term investments and loans in 2007

in EUR

Type of investment / Loan ADP

code Total

investment and granted loans (1 Jan.)

Total of adjustment of investments and granted loans (1 Jan.)

Total of increased investments and granted loans

Total of increased adjustment investments of and granted loans

Total of decrease in investment and granted loans

Total of decrease of adjustment of investment and granted loans

Total of investments and granted loans (31 Dec.)

Total of adjustment of investment and granted loans (31 Dec.)

Book value of investment and granted loans (31 Dec.)

Total of written off investments and granted loans

1 2 3 4 5 6 7 8 9 (3+5-7) 10 (4+6-8) 11 ( 9-10) 12

I. Long-term investments (801+806+813+814) 800 3,604,836 0 0 0 1,431,860 0 2,172,976 0 2,172,976

A. Investment in stocks (802+803+804+805) 801 3,604,337 0 0 1,431,860 0 2,172,477 0 2,172,477

1. Investment in stocks of public companies 802 0 0 0

2. Investment in stocks in financial institutions 803 0 0 0

3. Investment in stocks in private companies 804 0 0 0

4. Investment in stocks in foreign countries 805 3,604,337 0 0 0 1,431,860 0 2,172,477 0 2,172,477

B. Investment in shares (807+808+809+810+811+812) 806 499 0 0 0 0 499 0 499

1. Investment in shares in public companies 807 0 0 0

2. Investment in shares in financial institutions 808 0 0 0

3. Investment in shares in private companies 809 499 0 0 0 0 499 0 499

4. Investment in shares of state-owned companies organised as joint-stock companies 810 5. Investment in shares of state-owned companies organised as limited-liability companies 811

6. Investment to shares in foreign countries 812 0 0 0

C. Investment to precious metals, stones, works of art and the like 813 0 0 0

D. Other long-term capital investments (815+816+817+818) 814 0 0 0 0 0 0 0 0 0

1. Earmarked property fund in public funds 815 0 0 0

2. Property fund in other owned legal entities under public law 816 0 0 0

3. Other long-term capital investment in Slovenia 817 0 0 0 0 0 0 0 0 0

4. Other long-term capital investment abroad 818 0 0 0

II. Long-term granted loans and deposits (820+829+832+835) 819 25,140,134 917,856 0 403,569 190,424 0 24,949,710 1,321,425 23,628,286

A. Long-term granted loans (821+822+823+824+825+826+827+828) 820 650,642 0 0 0 190,424 0 460,218 0 460,218

1. Long-term loans granted to individuals 821 590,822 0 0 144,496 0 446,326 0 446,326

2. Long-term loans granted to public funds 822 0 0 0

3. Long-term loans granted to companies 823 0 0 0

4.Long-term loans given to financial institutions 824 0 0 0

5. Long-term loans given to private companies 825 59,819 0 0 0 45,927 0 13,892 0 13,892

6. Long-term loans given to other state levels 826 0 0 0

7. Long-term loans granted to the state budget 827 0 0 0

8. Other long-term loans granted to foreign countries 828 0 0 0

B. Long-term granted loans by the purchase of securities (830+831) 829 24,489,493 917,856 0 403,569 0 0 24,489,493 1,321,425 23,168,068

1. Domestic securities 830 24,489,493 917,856 0 403,569 0 0 24,489,493 1,321,425 23,168,068

2. Foreign securities 831 0 0 0

C. Long-term given deposits (833+834) 832 0 0 0 0 0 0 0 0

1. Long-term given deposits to commercial banks 833 0 0 0

2. Other long-term deposits 834 0 0 0 0 0 0 0 0

D. Other long-term granted loans 835 0 0 0

III. Total(800+819) 836 28,744,970 917,856 0 403,569 1,622,284 0 27,122,686 1,321,425 25,801,262

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Table 4: Statement of revenues and expenses of certain users for 2007

in EUR Breakdown

in account subgroups

Name of account subgroups ADP code Current year Previous year

1 2 3 4 5

a) Operating revenue (861+862-863+864) 860 114,524,343 116,877,470

760 Revenue from the sale of products and services 861 114,574,301 116,860,795

Increase in inventories of products and work in progress 862 0 16,391

Decrease in inventories of products and work in progress 863 65,703 0

761 Revenue from the sale of merchandise and material 864 15,746 284

b) Financial revenue 865 3,796,772 2,650,042

763 c) Other revenue 866 550,661 716,809

762 d) Operating revenue from revaluation (868+869) 867 5,844,128 3,961,192

part 764 Revenue from the sale of fixed assets 868 34,525 9,335

part 764 Other operating revenues from revaluation 869 5,809,603 3,951,857

e) Total revenues (860+865+866+867) 870 124,715,905 124,205,512

f) Cost of goods, materials and services (872+873+874) 871 47,739,956 44,052,303

part 466 Cost of goods and materials sold 872 0 0

460 Cost of materials 873 6,217,478 5,227,737

461 Cost of services 874 41,522,478 38,824,566

464 g) Labour cost (876+877+878) 875 54,605,039 54,965,523

part 464 Wages, salaries and compensation 876 41,801,004 41,710,704

part 464 Employer’s social security contributions 877 7,272,354 7,237,465

part 464 Other labour costs 878 5,531,682 6,017,355

462 h) Amortisation 879 10,798,685 9,795,764

463 i) Provisions 880 323,479 662,001

part 465 j) Revenue tax 881 139,106 0

part 465 k) Remaining other expenses 882 631,900 1,140,861

467 l) Financial expenses 883 246,382 220,447

468 m) Other expenses 884 277,760 553,956

n) Operating expenses from revaluation (886+887) 885 6,466,389 6,378,447

part 469 Expenses from the sale of fixed assets 886 39,453 97,317

part 469 Other operating expenses from revaluation 887 6,426,937 6,281,130

o) Total expenses (871+875+879+880+881+882+883+884+885) 888 121,228,698 117,769,304

p) Surplus of revenues (870-888) 889 3,487,207 6,436,208

q) Surplus of expenses (888-870) 890 0 0

Surplus of revenues from previous periods intended to cover the expenses from the accounting period 891 0 0

Average number of employees based on working hours in the accounted period (total number) 892 2,010 2,072

Number of months of operation 893 12 12

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Table 5: Statement of revenues and expenses by the type of activity for 2007

in EUR Breakdown

in account subgroups

Name of account subgroups ADP code Revenue and

expenses for the performance of public service

Revenue and expenses from the sale of goods and services on the market

1 2 3 4 5

a) Operating revenue (661+662-663+664) 660 80,094,931 34,429,412

760 Revenue from the sale of products and services 661 80,094,931 34,479,369

Increase in inventories of products and work in progress 662 0 0

Decrease in inventories of products and work in progress 663 0 65,703

761 Revenues from the sale of goods and materials 664 0 15,746

762 b) Financial revenues 665 1,210,459 2,586,313

763 c) Other revenues 666 356,809 193,852

d) Operating revenues from revaluation (668+669) 667 5,513,374 330,754

part 764 Revenues from the sale of fixed assets 668 34,525 0

part 764 Other operating revenues from revaluation 669 5,478,849 330,754

e) Total revenues (660+665+666+667) 670 87,175,574 37,540,331

f) Cost of goods, materials and services (672+673+674) 671 33,150,626 14,589,330

part 466 Cost of goods and materials sold 672 0 0

460 Cost of materials 673 4,317,417 1,900,061

461 Cost of services 674 28,833,209 12,689,269

g) Labour cost (676+677+678) 675 37,917,739 16,687,300

part 464 Wages, salaries and compensation 676 29,026,617 12,774,387

part 464 Employer’s social security contributions 677 5,049,923 2,222,431

part 464 Other labour costs 678 3,841,200 1,690,482

462 h) Amortisation 679 7,498,607 3,300,078

463 i) Provisions 680 0 323,479

part 465 j) Revenue tax 681 0 139,106

part 465 k) Remaining other expenses 682 438,791 193,109

467 l) Financial expenses 683 171,088 75,294

468 m) Other expenses 684 192,876 84,884

n) Operating expenses from revaluation (686+687) 685 4,490,260 1,976,129

part 469 Expenses from the sale of fixed assets 686 27,396 12,057

part 469 Operating expenses from revaluation 687 4,462,865 1,964,072

o) Total expenses (671+675+679+680+681+682+683+684+685) 688 83,859,989 37,368,709

p) Surplus of revenues (670-688) 689 3,315,586 171,622

q) Surplus of expenses (688-670) 690 0 0

Surplus of revenues from previous periods intended to cover the expenses from the accounting period 691 0 0

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Table 6: Statement of revenues and expenses of certain users by the cash-flow principle for 2007

in EUR Breakdown of

accounts Name of account ADP code Current year Previous year

1 2 3 4 5

I. Total revenue (402+431) 401 115,418,014 112,700,242

1. Revenue for the performance of public service (403+420) 402 82,284,098 80,301,239

A. Revenue from public finance funds (404+407+410+413+418+419) 403 1,433,149 1,294,266

a) Assets obtained from the state budget (405+406) 404 1,433,149 1,294,266

part 7400 Assets obtained from the state budget for current use 405 1,406,894 1,294,266

part 7400 Assets obtained from the state budget for investments 406 26,255 0

b) Assets obtained from municipal budgets (408+409) 407 0 0

part 7401 Assets obtained from municipal budgets for current use 408 0 0

part 7401 Assets obtained from municipal budgets for investments 409 0 0

c) Assets obtained from social security funds (411+412) 410 0 0

part 7402 Assets obtained from social security funds for current use 411 0 0

part 7402 Prejeta sredstva iz skladov socialnega zavarovanja za investicije 412 0 0

d) Assets obtained from public funds and agencies (414+415+416+417) 413 0 0

part 7403 Assets obtained from public funds for current use 414 0 0

part 7403 Assets obtained from public funds for investments 415 0 0

part 7404 Assets obtained from public agencies for current use 416 0 0

part 7404 Assets obtained from public agencies for investments 417 0 0

part 740 e) Assets obtained from budgets relating to foreign donations 418 0 0

741 f) Assets obtained from state budget and assets of the EU budget 419 0 0

B. Other revenue for the performance of public service (421+422+423+424+425+426+427+428+429+430) 420 80,850,949 79,006,973

part 7130 Revenue from the sale of goods and services relating to the performance of public service 421 78,335,707 77,841,625

part 7102 Obtained interests 422 992,878 1,010,658

part 7100+ part 7101 Revenue from participation in the profits and dividends and from surplus of revenues over expenses 423 0 0

part 7141 Other current revenue relating to the performance of public service 424 1,212,645 1,874

72 Equity revenue 425 47,530 39,626

730 Donations received from domestic sources 426 171,911 113,191

731 Obtained foreign donations 427 0 0

732 Donations for the abolishment of natural disaster consequences 428 0 0

786 Other assets obtained from the EU budget 429 0 0

787 Assets obtained from other European institutions 430 90,278 0

2. Revenue from the sale of goods and services on the market (432+433+434+435+436) 431 33,133,916 32,399,002

part 7130 Revenue from the sale of goods and services on the market 432 23,006,082 23,829,453

part 7102 Obtained interests 433 2,187,024 941,316

part 7103 Revenue from rents and other property revenue 434 6,508,950 6,295,285

part 7100+ part 7101 Revenue from participation in the profits and dividends and from surplus of revenues over expenses 435 1,431,860 1,332,949

part 7141 Other current revenue not pertaining to the performance of public service 436 0 0

II. Expenses total (438+481) 437 112,217,716 112,729,227

1. Expenses for the performance of public service (439+447+453+464+465+466+467+468+469+470) 438 81,535,579 73,974,957

A. Wages and other payments to employees (440+441+442+443+444+445+446) 439 31,882,404 30,278,900

part 4000 Wages and supplements 440 25,621,848 24,750,668

part 4001 Vacation pay 441 950,621 916,987

part 4002 Reimbursements and compensations 442 2,073,983 1,995,349

part 4003 Assets for performance at work 443 1,888,201 1,912,270

part 4004 Assets for overtime work 444 135,386 49,657

part 4005 Wages for the work of non-residents on contract 445 0 0

part 4009 Other payments to employees 446 1,212,365 653,969

B. Employer’s contribution for social security (448+449+450+451+452) 447 6,142,365 5,244,139

part 4010 Contribution for pension and invalidity insurance 448 2,457,721 2,377,389

part 4011 Contribution for health insurance 449 1,992,219 1,924,923

part 4012 Employment contribution 450 16,624 16,117

part 4013 Parents’ security contribution 451 27,727 26,862

part 4015 Premiums of collective supplementary pension insurance pursuant to the Collective Supplementary Pension Insurance for Public Servants Act 452 1,648,074 898,848

C. Expenses for the goods and services for the performance of public service (454+455+456+457+458+459+460+461+462+463) 453 33,340,827 28,175,103

part 4020 Stationery and general material and services 454 2,399,082 2,025,548

part 4021 Special materials and services 455 3,407,051 1,691,107

part 4022 Power, water, public utility services and communications 456 4,006,155 3,798,919

part 4023 Transport costs and services 457 747,284 825,158

part 4024 Business trip expenses 458 911,986 1,019,929

part 4025 Current maintenance 459 663,595 688,396

part 4026 Business rents 460 1,619,818 1,776,775

part 4027 Penalties and indemnification 461 66,231 27,647

part 4028 Tax on wages 462 1,074,256 1,346,695

part 4029 Other operating expenses 463 18,445,369 14,974,929

403 D. Payment of local interests 464 2,371 19,129

404 E. Payment of foreign interests 465 0 0

410 F. Subsidies 466 0 0

411 G. Transfers to individuals and households 467 0 0

412 H. Transfers to non-profit organisations and institutions 468 0 0

413 I. Other current local transfers 469 0 0

J. Investment expenses (471+472+473+474+475+476+477+478+479+480) 470 10,167,612 10,257,687

4200 Procurement of buildings and premises 471 0 0

4201 Procurement of transport means 472 350,873 211,955

4202 Procurement of equipment 473 6,654,927 7,851,302

4203 Procurement of other fixed assets 474 652,847 459,902

4204 New construction, reconstruction and alterations 475 1,602,278 932,470

4205 Investment maintenance and renovations 476 7,174 6,660

4206 Procurement of land and natural wealth 477 0 1,068

4207 Procurement of immaterial property 478 856,344 771,737

4208 Feasibility studies of projects, project documentation, supervision, investment engineering 479 43,169 22,592

4209 Procurement of commodity reserves and intervention inventory 480 0 0

2. Expenses pertaining to the sale of goods and services on the market (482+483+484) 481 30,682,136 38,754,270

part 400 A. Wages and other expenses to employees from the sale of goods and services on the market 482 14,031,197 14,485,885

part 401 B. Contributions of employees for social security pertaining to the sale of goods and services on the market 483 1,977,902 2,078,854

part 402 C. Expenses for the goods and services pertaining to the sale of goods and services on the market 484 14,673,037 22,189,531

III/1 Surplus of revenue over the expenses (401-437) 485 3,200,298 0

III/2 Surplus of expenses over the revenue (437-401) 486 0 28,986

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Table 7: Statement of financial receivables and investments for 2007

1 2 3 4 5

750 IV. Received repayments for granted loans (501+502+503+504+505+506+507+ 508+509+510+511) 500 6,574,983 153,384

7500 Received repayments for granted loans from individuals and private companies 501 144,496 153,384

7501 Received payments for granted loans from public funds 502 0 0

7502 Received payments for granted loans from public companies and state- or municipality-owned companies 503 0 0

7503 Received payments for granted loans from financial institutions 504 0 0

7504 Received payments for granted loans from private companies 505 0 0

7505 Received payments for granted loans from municipalities 506 0 0

7506 Received payments for granted loans from foreign countries 507 0 0

7507 Received payments for granted loans to state budget 508 0 0

7508 Received payments for granted loans from public agencies 509 0 0

7509 Received payments for paid guarantees 510 0 0

751 Sale of equity shares 511 6,430,487 0

440 V. Granted loans (513+514+515+516+517+518+519+520+521+522+523) 512 6,235,918 0

4400 Loans granted to individuals and private companies 513 0 0

4401 Loans granted to public funds 514 0 0

4402 Loans granted to public companies and the state- or municipality-owned companies 515 0 0

4403 Loans granted to financial institutions 516 0 0

4404 Loans granted to private companies 517 0 0

4405 Loans granted to municipalities 518 0 0

4406 Loans granted to foreign countries 519 0 0

4407 Loans granted to the state budget 520 0 0

4408 Loans granted to public agencies 521 0 0

4409 Payments of due guarantees 522 0 0

441 Increase in equity shares and investments 523 6,235,918 0

VI/1 Granted minus given loans (500-512) 524 339,065 153,384

VI/2 Granted minus received loans (512-500) 525 0 0

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Table 8: Statement of financing account of certain users for 2007

1 2 3 4 5

50 VII. Borrowing (551+559) 550 4,000,000 7,989,263

500 Local borrowing (552+553+554+555+556+557+558) 551 4,000,000 7,989,263

5001 Loans taken out with commercial banks 552 4,000,000 7,989,263

5002 Loans taken out with other financial institutions 553 0 0

part 5003 Loans taken out from the state budget 554 0 0

part 5003 Loans taken out from the budget of local communities 555 0 0

part 5003 Loans taken out from the social security funds 556 0 0

part 5003 Loans taken out from other public funds 557 0 0

part 5003 Loans taken out with other domestic loan givers 558 0 0

501 Foreign borrowing 559 0 0

55 VIII. Repayment of debt (561+569) 560 4,127,483 7,861,780

550 Repayment of domestic debt (562+563+564+565+566+567+568) 561 4,127,483 7,861,780

5501 Repayment of loans to commercial banks 562 4,127,483 7,861,780

5502 Repayment of loans to other financial institutions 563 0 0

part 5503 Repayment of loans to the state budget 564 0 0

part 5503 Repayment of loans to the budgets of local communities 565 0 0

part 5503 Repayment of loans to social security funds 566 0 0

part 5503 Repayment of loans to other public funds 567 0 0

part 5503 Repayment of loans to other domestic loan givers 568 0 0

551 Repayment of foreign loans 569 0 0

IX/1 Net borrowing (550-560) 570 0 127,483

IX/2 Net repayment of a loan (560-550) 571 127,483 0

X/1 Increase in assets on accounts (485+524+570)-(486+525+571) 572 3,411,880 251,882

X/2 Decrease in assets on accounts (486+525+571)-(485+524+570) 573 0 0

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Accounting policies ///

Hereinafter we explain all important policies, assumptions and methods used in the preparation of the 2007 financial report additionally to the underlying accounting principles (accrual basis, going concern and true and fair presentation).

Required financial statements

1. Balance sheet with appendixes on:

balance and movement of intangible assets and tangible fixed assets;

balance and movement of capital investments and loans;

2. a. Statement of revenue and expenses of certain users;

b. Statement of revenue and expenses of certain users by the types of activity;

3. Statement of revenue and expenses by the cash flow principle with appendixes:

statement of account of receivables and investments of certain users;

statement of account of financing of certain users.

Intangible assets and tangible fixed assets

Intangible assets and tangible fixed assets are regularly depreciated individually by using the straight-line depreciation method. Amortisation is accounted in compliance with the Rules on the method and rates of depreciation of intangible fixed assets and tangible fixed assets (Off. Gaz. of the Republic of Slovenia, No. 45/05), where amortisation rates used for regular depreciation are defined. The stipulated amortisation rates do not exceed those granted in the accounting of corporate tax.

The following amortisation levels were used in 2007 in compliance with the Rules:

Hard material buildings 3 %

Furniture 12 %

Passenger vehicles 12,5 %

Equipment for PTT traffic 10 %

Equipment for radio and television broadcasts 20 %

Computers 50 %

Other computer equipment 25 %

Electro-energetic equipment 7 %

In 2007, several amortisation levels have changed as a consequence of the amended Rules published in the Official Gazette of the Republic of Slovenia No. 120, on Decem- ber 27, 2007. The changes are shown hereinafter.

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Old rate New rate

Metallic buildings 4 % 3 %

Buildings of wood and other material 5 % 3 %

Other buildings from 2 % to 5 % 3 %

Off-road vehicles 25 % 20 %

Other stationery 25 % 20 %

Other equipment to perform intellect. activities 25 % 20 % Concessions, patents, licences, trademarks,

and similar rights and assets

10 % 20 %

Tangible fixed assets, the individual procurement value of which does not exceed EUR 500 after the supplier’s accounting, is shown as small tools. Small tools, the individual procurement value of which does not exceed EUR 100 are classified among materials.

Tangible fixed assets undergoes amortisation on the first day in the following month after the month when they were first used for the performance of an activity. Small tools are depreciated in full upon procurement.

When the costs of procurement of fixed assets equal the depreciated value of the fixed assets, the amortisation is no longer accounted for, although the assets still re- main in use for the performance of the activity.

Article 10 of the Rules on the method and rates of depreciation of intangible fixed assets and tangible fixed assets stipulates that certain users of the unified chart of accounts (where RTV Slovenia belongs as well) cover amortisation costs against adequate liabilities, provided the amortisation costs are not included in the price of a product or service or provided that no finance is received from public finance to cover the amortisation costs.

RTV Slovenia does not obtain finance from public finance in order to cover the amortisation costs, however, the competent Ministry of Culture provided an explanation that the total amortisation is included in the price of RTV licence fee. It can be deduc- ted from the above that in compliance with said rules amortisation should be charged against the expenses.

Receivables

Value adjustment is made for receivables against operating expenses by the following criteria:

for the receivables from market activities on domestic and foreign markets not settled within 90 days after falling due, in the amount of 100 %;

for the receivables from charged late interests on the domestic market not settled within 90 days after falling due, in the amount of 100 %;

for the receivables from RTV licence fee not settled within 180 days after falling due, in the amount of 100 %.

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Inventories

Accounting ledgers pursue the following groups of material inventories: film, scenery and programme material, cleaning and auxiliary material, material for the record label, special and specific material and broadcasts (films, series, serials).

A quantity unit of material inventory is evaluated by the procurement price. When accounting the consumption of material inventory, RTV Slovenia uses:

plan prices for material for the production of record label;

average sliding-scale prices for the remaining material.

Inventories of work-in-progress and products are evaluated by manufacturing costs.

Adjustment of inventory of material is carried out in relation to the age of inventory in the following way:

inventory exceeding one year in the amount of 50 % of the inventory value;

inventory exceeding two years in the amount of 75 % of the inventory value;

inventory exceeding three years in the amount of 100 % of the inventory value.

As far as the inventory of final products of the record label is concerned, the criteria for the creation of provisions of inventory are defined in more detail due to specific production as follows:

inventory older than 1 year in the amount of 50 %; it covers the inventory of articles that saw no reissuing in one year’s period. A prerequisite for reissuing is the critical (security) level of inventory by individual programmes. The inventory also exceeds one year provided the sale to an external partner is lower than 20 % of the inventory balance from the day of the last reissuing (except gratis documents, internal accounts, etc.) The initial total inventory (upon reissue) is considered as inventory balance.

inventory older than 2 years in the amount of 75 %; it includes an inventory of articles that saw no reissuing in a two-year’s time. A prerequisite for reissuing is the critical (security) level of inventory by individual programmes. The inventory also exceeds two years provided the sale to an external partner is lower than 40 % of the inventory balance from the day of the last reissuing (except gratis documents, internal accounts, etc.) The initial total inventory (upon reissue) is considered as inventory balance.

inventory older than 3 years in the amount of 100 %; it includes an inventory of articles that saw no reissuing in a three-year’s time. A prerequisite for a reissuing is the critical (security) level of inventory by individual programmes. The inventory also exceeds three years provided the sale to an external partner is lower than 60 % of the inventory balance from the day of the last reissuing (except gratis documents, internal accounts, etc.) The initial total inventory (upon reissue) is considered as inventory balance.

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[financial report] - RTV SLO

Table of contents

Tables and figure

Introduction ///

Basic data

Financial statements ///

Accounting policies ///

Required financial statements

Intangible assets and tangible fixed assets

Receivables

Inventories