Page 76 - InterEnergo - Annual Report 2020

Interenergo Accounting report Interenergo Accounting report

Movement of values relating to the right-of-use the assets 2.4.3.1 Investments in subsidiaries

2020 2019 Company’s non-current investments in subsidiaries comprise following:

Real Real Carrying amount of Net profit or loss of
in EUR properties equipment Total properties equipment Total the investment Equity of subsidiary the subsidiary
Purchase cost
Equity 31 Dec 31 Dec 31 Dec 31 Dec
Balance at 1 Jan 363,702 126,883 490,586 325,254 84,183 409,437 in EUR interest 2020 2019 2020 2019 2020 2019
Additions 0 47,999 47,999 38,448 46,900 85,348
EHE d.o.o., BA 100% 0 976,383 7,314,024 6,592,555 -1,469,161 -286,792
Changes 479 0 479 0 -4,199 -4,199 Interenergo d.o.o., BA 100% 399,105 399,105 587,744 524,154 63,590 114,419
Disposals 0 -36,856 -36,856 0 0 0 PLC Interenergo d.o.o., RS 100% 400,000 0 863,250 459,420 2,807 4,288
Balance at 31 Dec 364,182 138,026 502,208 363,702 126,883 490,586 • *Hidrowatt d.o.o., RS 89% - - 579,529 531,210 47,307 60,264
Accumulated depreciation • *Hydro Ljutina d.o.o., RS 100% - - 918,581 - -185,149 -

Balance at 1 Jan -126,285 -38,501 -164,786 0 0 0 Interenergo Makedonija d.o.o.e.l., MK 100% 258,613 258,613 121,855 118,120 5,718 117,803
Depreciation -137,802 -43,456 -181,258 -126,285 -38,501 -164,786 LSB Elektrane d.o.o., BA 100% 0 0 0 -2,078,824 -147,520 -490,240
Disposals 0 31,589 31,589 0 0 0 Inter-Energo d.o.o., BA 100% 2,667,530 2,667,530 6,881,040 7,000,716 -119,676 17,717
Balance at 31 Dec -264,087 -50,368 -314,455 -126,285 -38,501 -164,786 MHE Vrbnica d.o.o., ME 70% 7,000 7,000 -934,272 -96,714 -837,557 -35,407

Carrying amount Interenergo d.o.o.-Kosova Sh.p.k., XK 100% 10,000 10,000 -10,869 -6,571 -4,298 -3,492
Balance at 1 Jan 237,417 88,382 325,800 325,254 84,183 409,437 Lumbardhi Beteiligungs GmbH, AT 90% 3,793,240 7,531,500 3,917,303 8,342,493 -4,425,189 -1,850
Balance at 31 Dec 100,095 87,659 187,753 237,417 88,382 325,800 • *KelKos Energy Sh.p.k., XK 90% - - -3,219,800 2,027,845 -5,247,645 -4,613,371
Eko-toplota energetika d.o.o., SI 100% 1,740,563 1 1,305,696 -103,993 -155,968 -32,093
Lease-related expenditure • *Ekoenergo d.o.o., SI 100% - - 430,678 - -8,068 -

Vjetropark Jasenice d.o.o., HR 100% 3,194,111 3,182,908 1,021,571 975,677 60,416 -108,297
in EUR 2020 2019
Zarja ekoenergija d.o.o., SI 100% 0 239,562 0 64,657 0 -44,549
Amounts recognised in the income statement Solarne elektrane Bukovica d.o.o, HR 100% 489,381 255,381 -33,202 -24,111 -9,449 -2,972

Interest on lease liabilities 4,102 3,622 Vjetroelektrana Orjak d.o.o., HR 100% 12,062,904 0 2,899,259 - 0 -
Costs for current leases for which the right of use the asset was not recognised 11,569 15,214 Osen toplota d.o.o., SI 100% 553,273 0 61,130 - 0 -
Lease related costs of minor value for which the right of use the asset was not Solarne elektrane Nin d.o.o., HR 80% 130,936 0 1,014 - 0 -
recognised 200,929 190,893
Total 25,706,657 15,527,984 22,704,533 24,326,634 -12,429,844 -5,304,572
Amounts recognised in the statement of cash flows
Cash flows from leases 187,053 170,416 * Indirect ownership.

2.4.3 Non-current investments The Company acquired in December a 100% equity interest in Vjetroelektrana Orjak, d.o.o., which owns a wind
farm in Croatia, an 80% equity interest in Solarne elektrane Nin, d.o.o., where it will develop a new solar power
plant project in Croatia, and a 100% equity interest in the company Osen toplota, which owns a wood biomass
in EUR 31 Dec 2020 31 Dec 2019 district heating system in the municipality of Pivka. Further, the Company increased the capital in companies
Eko-toplota energetika, d.o.o., EHE d.o.o., and Vjetroelektrana Orjak, d.o.o. by converting long-term loans into
Non-current investments 88,839,837 58,967,860
capital in 2020, and merged LSB Elektrane, d.o.o. to EHE, d.o.o. and the Zarja ekoenergija, d.o.o. to the company
Investments in subsidiaries 25,706,657 15,527,984 Eko-toplota energetika, d.o.o.
Non-current loans granted 63,133,181 43,439,876

74 Integrated Annual Report 2020 Integrated Annual Report 2020 75