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Company 20: Investments in associates

TEUR 976888

In TEUREquity shareInvestment at 31 Dec 2011Investment at 31 Dec 2010
GGE, d.o.o., Ljubljana 33.33% 200 0
Econa, d.o.o., Ljubljana 26.00% 35 0
RCE, d.o.o., Velenje 24.00% 600 0
Gorenje Projekt, d.o.o., Velenje 50.00% 141 0
Total   976 0
Movements in investments in associates in 2011
In TEURInvestments in associates
Balance at 1 January 2011 0
Increase 835
Transfer 463
Impairment -322
Balance at 31 December 2011 976

The impairment relates to investments in the associate Gorenje Projekt, d.o.o., Ljubljana.