finansijski izveštaji za poslovnu 2012. i izveštaj nezavisnog revizora

7/28/2019 Finansijski izvetaji za poslovnu 2012. i Izvetaj nezavisnog revizora

1/60

JAEIIO {OMyHA,1HO PFI}3Efr Eynpig {*+- oI|.nMJ4}tqkoiu5o. l : a l l l - \ r ' I ' 1 .>- I- ' _ - . - - n r f : - 'aary____rr#hi;r_e.!::_

JKnAyEOXO lHl4tlEOrHaHcnjcxx 3seulajl,laa noanoBHy2OL2.roA,Hy ,l43aeurajHeSarcHor pesr3opa


2/60

JKnAySOKO )K14r-lE

c AP'GJ

l,|3Beurraj e3aBncHoreBx3opa

StraHccra!6a

S,uraHccnexa

ly'!seulaj o npoMeHaMa a kanrrary

l43BeLrraj roxoBr,{MaoroBr,4He

HanoMeHe3 OyHaHchjcKe3Beuraje

CrpaHa1-2

3456


3/60

CMarpaMoAa cy peBH3ujcK,.lAoxa3r,4oje cMo npA'aBurtl AoBoJbHu,4 AroBapajyh Aa o6e36eAeocHoB3a v3paxaBabe Haure|MuLrj/berba.

143BEIIITAJE3AB14CHOTEB143OPA

B,lacHrqxMaynpaBHoMA6opyJKn y6oxo xhqO6aBl4r1,rMo peBri3r4jyp,4no]keH[xO HaHcxjcx ri3se!]TajaKn Ay6oHoyxxqe (y Aa,6eMTekcry,,ApyurrBo") ojx o6yx8arajy6xraHc craFbaHa AaH31. AeqeM6pa201,2. oAk{e a 6vnaHcycnexa,3BeUrTajnpoMeHaMaaxaflrTa.rryx3EeuTaj ToxoBrMacToB,4Hea oAr4Hyojace 3aBpuaBaarajAaH, ao 4 perneA HagajHxxaqyHo8oAcrseHhxoruTyxa HanoMeHa30 HaHcxjcHeBeurraje,Od oBanacm pydoeodcmBo ohuHoHcujc/eBseumojePykoBoAcTBoe oAroBopHoa cacTaa.rbarbeo6jekrr iBHop,ixa3fiBar6eBl4x !1HaHcl l jcRxx43Beura]acKraayca pagyHoBoAcTseHrlMpoflrrcfiMa eny6nrkeCp6l4je, aou 3a aKBe lHTepHeoNlpone a HoJepyKoBoacTso16pAr,1Aa cy HeoflxoAHe xoje oMoryhasajy acTas,6a|beHFaHcrjcHux 3BeLlraja o],1HecaApxenofpeuJHe,1HoopMaqtijeA MarepyjanHofHa'.taja,acrane creA poHeBepe1nx peurxe.odzaeapHocm$Bapol_lauJaafoBopNocTe aa x3pa3rlMo 14lx,|ber6eoB,rM0hHaHcfjcxrlM3BeurajxMa a ocHoByo6aB,'beHeeBx3rije. eBx3xjy Moo6asxr14 cknaAy a MebyHapoAHrMraHAapArMaeBfi3rlje, BfcTaHAapa,4anaxy a ce nprApr{aBaMoTxttxhxp Hquna Aa peBrs y nnaHfpaMo o6aBrMo aHaq,iH oj , i oMoryhaBaa ce, y pa3yMHoj ep[, yseprMoAa orHaHcujcx r43Beura]r1e caapxenorpeuHe HoopMaq14jea MareprljanHorHa'.taja.PeBu3a noApa3yMe8ap,4MeHyocrynaxa qr i / 'by pri6aB/$a$aeBrl3xjcKAoHa3a x3Hoc[Mal,1xHOopMaqujaMa6eroAa$erxM 0 HaHcujcxuM3BeulrajhMa.13a6paHxocrynq cy 3acFoBaHUanpocybuBa$yeBx3opa,K.rbyqyjyhf ipoqeHy r, l3riKaaTepri janHoHaqajn meulaxa aApxaH yOIHaNc cl{r,lMi36eurajrMa,HacratvxycreAnpoHesepernu peurxe. pfinrlkoMnpoqeFeo6L4x113 a?peB,43opa3MaTpaHTepHe oHrpone oje y peneBaHTHeacacraa.rba$e 6jeHrBHo prka3xBa$e0uHaHcxjcf ixx,13Beuraja,qu^y l


4/60

X3BETIITAJE3ABI,ICHOTEB1430PAHACTABAX)

BraorrqrMa $ ynpaBHoM A6opyJKnAy6oxoyxhqe (Hacra8aK)

flo r|auet Mnur/be}by,OxHaHcrjc(M43Beuraj[ xcrt4Hr'lro o6jeKr,lBHo,no cBxM3HaqaiHrM rralbrMa,nprxa3yjyOxHaHcxjcK|4onoxajApyuJrBa aAaH3l AeqeM6paKao|.l pe3yrriareBeto8or nocnoBaba 4Tor{o6e oToBuHea toaxHy r{ojace 3aBpulaBacMaAyca paqyHoBoAcraeHxMponxcuMa eny6nx(eCp6rje.

Seorpap, 1.Mapr2013. oA He

MaTepMjanrHo2012.roAv,He,HA TAJAAHI Y

.* atrrn rlllywB RAVIZL]AHA ,OBAHuheHupeB[3op


5/60

JKnAvEoROro'lqE

614/IAHC fAlbAHaaaH31.AeqeM6Pa 012'roAxHe(yxrta44Y1!!PHanoMefla

11

6189

507.357.23rL.430.6L7t7.7262-1.256526.100

2.752

178.030,371.10s.0191.283.086

AI$}4BACrarHa tMo6l'tHaHeynnaheHttfl 4caHl,|anhranHeA4arePrljanHara'a$aHe{perHuHe,locrPojerba{ onPeMao6prHagrMoBnHa3anxxefloroaxrBa*'a;;,;;;;;;; '" ""'" "naheHnope3Haao6

raK(oarnopo'rxraDunanct4cKllnracMaHMIoroerxa r roroerBcxreKBt'tBareHThnope3HaAoAarY PeAHocr'lALtr

YKYnfla Rtl,laa

6.4621.615

2.9;'1.94418.606

LAr6.4s9 -J3or'6'g2-NAC}4BAKan ranOcHoaHKanl4Ta'lHeynraieHxYn14caHIanurarfy6 ra(AyropoqHe 6aae3eflvroDortH14KpeAMTXEi"l"r" *oj" a" "ory *o'BeproBarM

Ranrfia'!

Kpaflopo'{He 6aBe3eKparxopo'ixeOraxaxcuicxeoase:eO6aBe3e13 ocnoBa|baocraneKParl{oPo'rHe6aBe3eo6aBe3eoocHoBYaBHl4xpvxoAa rrDr

YKynBa aclt6aBat6rnaHcHa BnAeHqnja

72

14

HanoMeHe aHapeAHM crpaHaMa 14He.casraBHI aeo oBxx O HaHcMjcH'lx3BeuJrala

538.364

5716743L4.-14932.6A4

t04.9775A.1t34.909

OxHqFctjcxu Pewrtf,,eAeJb(oM,tnocaB'heBuhAuPeRroPrll/t/Zzazz'

(40.026)10LI

427.402178.03014s.524)553.908233.99227.234267.230

58.553. 58.2162.449361.336485.554

,]ar6-454- - !4f4-,,L! rs' _,_]48.467,

HaAexAa oAoPoBxh6r$:i,?"h;"islso{0"}t


6/60

JKnAySOKOxt4qE6I4IAHCvcnEXA3anocroBHy012. oAqHy(yxrrbaAaMa CAI

HanoMeHa 20L2. 2011.IlocJloBHrnPl,lxoAtlnprxoA[ AnpoAajenpuxoArioA akrhBrpabayquHakanoBeha16epeAHocrx alr,4xaqnHaKaOcranfinocroaHI npvxoAr,t

nocnoBHt4AcxoAt4TpourKoBx areprajaraTpourko8r4 apaAa i ocranu nvqHupacxoAt{TpourKoBhMopTl43aqxjeOcranxnoc.noBHr,racxoAM

nocrogHrlAosITAK/(rvEITAK)OflHasc'ricxt4pxxoAMOxrHcr,rjcl{nacxoAr,rOcIanxnprxoAr,rOciarr pacxoAnAOSrrAv(rvEt4TAK) tPEOnOPE3l4BAtbAnop3HaAo6hraKAO6r[rAV(rvsXTAK)

19202L

nanoMeHe Ha HapeAHxM paHaMa ttrHecacTaBHu eo oBrlxotHaHc,rjcKxx143BeuTaja,

43.195 (20.182)

L7

18

101.7303554.97342.921

1.970.40922.667149.985 25.046

t8.26542.44827.2LOL8.426

5.51020.2256.72311.770106.790 45.228

22

24

3.666127.396)73(14.040)

3.502{1.84U

179(2s)5.498 (18.357)

5.498 118.367)


7/60

Il JKnAyEOKO't{t4qE}I3BEIIITAJ NPOMEHAMA A KANTTA,|Y:la noc,lo8Hy 012. oAhHy(y rubaeeMa PClq)I20!2. 2011.

.II{)BI{1{ RAN}'TMCTtt Ha noqerxy foAr4Heflodarbe yroxy foArHeCTar* Ha xpai roA|HeHEYIUUIEEH]4NTCAH14XATXTMCTarbeHa no,{erKy oAxHeC.marber$eroKy foAt4HeKypcHe a3rrKeCTabe a xpajy cArHetvSt{TAr{Crar6eHanoLrefiy oAxHeAo6rarax/(fy6rra ) ekyfie roAxHeCTa$eHaRpajyoAuHeYKYNHO ANTTA,|

421.402116.962 126!715294.687538.364 421.402

178.030(115.962)12.268482.476(26.493j178.030

llll

l'l

73.335

14s.524)5.498 (27.7s7){18.367){40.026} (4s.s24)s7L,674 553.908

HanoMeHe8a HapeAHnM lpaHaMa t14HecacTaBH,i eo oBhx014HaHcujcx,tx43BeuTaja.


8/60

JKnAySOKO)XXr-lEI43BEIXTAI TOKOBI4MA-OTOBI4HE3a nocroBHy 012. oAr!Hy(y xHrbaAeMaCA)

20t2. 2011.NOC/IOBHEKT14BHOCTXnprixoAxoA npoAaje nphMJbeHhBaHc,rOcran np nr48u 3peAoBHorocroBabal4cnn reAo6a ./ba.rMa x Aar aBaHc,r3apaAe,HaxHaAeapaAauocra^v nrqHupaaxoAlnnaieHe


9/60

JKnAySOKOlt04tlEHANOMEHY3 OXHAHCXJCXE,,I3BEIIJTAJE31.AeqeM6ap 012. oArHe

I

I1 . ONLJTE 4HOOPMAqI4IE

JKnAy6oxoyxrqe (yAa,beMekcry ,Apyurso") e ocHoBaHo3.oxro6pa2005. oA He.ApyuJTBoe opraHh30BaHoao asHo oMyHanHopeAy3ehepert icrpoBaHoe koAAfeHqhjeanpuBpeaHeerucrpe.ocHoBHae,larHocrApyu.rTBae ckynJba|bernaAaKoj14 xjeonacaH,CeAuurre pVUrBae y yxxqy, Ay6oHo 6.[,4aruqHv pojApyu.]rBae 20104219, nopec$a $eP-rudv{awloHkpoj 104384299.OxHaHchjc(, r43Beruraj3a nocnoBHy 012. roAtHy oAo6peHrlcy oA crpaHe pyRosoAcrBaApyu]rBaaHa 7.Oe6pyapa013. oAuHe.

ocHoBE 3ACACTAB/bAlbE nPE3EHTAL[4JvXHAHC14TCK14X43BEllJTAJAOcHoBe acacrasrbarbe uHaricnjcxtax3seurrajaouHaHc cK,4 3BeuJTajxpyuJTBay cacraB./beHx cKnaAy a 3axoHoMo paqyHoBoAcftypeB 3 j (Cryx6eHx fracFrlH PC, 6p. 46/2006, 17U20Og tl 99/2o1I) tl ApytuMpaqyHosoAcrBeH,4MponIcuMa ojxcenplMerbyjy Peny6nuqtip6uj{.Ha ocHoBy aHoHa paqyHoBoAcrBy4 esr3,4jx,npasHa uqa t1 npeAY3erH,1q,4Peny6rkq,rCp6 cy y o6aBe3Aa Boterhe ocnoBHr, ixrbf i ra/pt l3HaBar6enpoqebraa$euMoBxHeo6ase3a,nprixoAa14pacxoAa, acraB,rbart,e,puKa3,4aa$e,ocraB,|bar6ei o6enoAa$rBaft,eOl1HaHcri jcKux,i3Beurajapue y cHnaAya3aHoHc(oM,4poqecuoHanHoMerynafl-18oM,ojanoApa3yMeBaxBup3a npxnpeMarbe npx(a3,4aa$e kHaHcxjcHux3Beuraja ,,OxBup"),MelJyHapoAHeaqyHoBoAcrBeHeraHAapAe ,,MPC"),oAHocHo MebyHapoAHenHAapAedxHaHcfijcKof3BeurasaR,a,,1\4CO!4"),ao n ryMa.reH,aoja y cacraBHxeo ctaHAapAa.npeBoA OKBxpa,MPC, MCOI4 i ryMaqer$a, 3Aarr{x oA crpaHe OA6opa 3a MeDyHapoAHepaqyHoBoAcrBeHeraHAapAe HoM[rera3a yMave$aMeDyHapoAH14xraHAapAatlHaHcMjcxorM3BeuraBa$a,,.TBpbyjee peueF6eM 4xHxcrpa vHaHca x o6ja8/byje CnpK6eHoMfacHrlxvPC. Meb\i.rxM,Ao AaJyMacacraB,rbarbaxHaHct4jckux.43Beuraja a 2012. rcAv'HyHy.'cynpeBeAeHe,1Tr-16jaB./beHeBeBaxehenpoMeHe craHAapAuMai ryMatrernxMa.CxoAHooMe, nprrrlKoM cacraa,babaO HaHclljcHxx3BeurajaApyurrso Hujey no-rryHocr,lnprMeHrinoMPC,MCO,1 ryMa,ret la ojacy Ha cHa3x3a foArHy xoja ce 3aBpuraBaL.AeqeM6pa2012. foA He. tlMajyir y Br4AyMarep,ljanHo Ha'rajHe dexre Koje oAcrynaH,apaqyHosoAcrBeH[xponricaPeny6nrke p6xje oA MCOI,4 MPCMoryAa uMajyHapeanHocro6jexru6HocrOrlHaHchjcK,4x,i38eu.rrajapyr]]TBa,p,.rroxeHfiOxHaHcxjcxrll3Beurrajlae HeMorycMarparu laHaHcvjcK x3seurrajuMaacraarbeH,4Mcar/racHocrr4a N4COl4 MPC,

2 .


10/60

JKnAySOKO)t{l4tlEHANOMEHE3O14HAHCI4JCKE'I3BEIIITAJE37,AeqeM6ap 2072. roArtre

2. OCHOBEA CACTAB,'bAIbEi NPE3EHTAqNJYhHAHC14ICKHX43BEIIITAIAHACTABAK)npe3eHTaqnjarrHaHcujcxrx3BeurajaoxHaHcujcxxl3Beuraj cY nphKa3aHv OopMarynponrcaHoMnpaB nHhkoMa caAp)IruH,lOopMra6pa3aqa taHaHccktlx 3BeurajaanpfBpeAHapyLrrBa,aApyre,pyra paBHa,1qax npeAFerHrixe (Cnyx6eHt4 nacHr{ PC, 6p. 114/2006, ll9/2Ao8, 2/2OIA' fit/2o12 vr18/2012).orHaHcHjcKt 3Beuraj,lcy rlcRa3aHtixr,l.,baAaMa!4HapaPcA),ocxMyxon,lxoHxjeApyraqujeHaBeAeHo.riHapnpeAcraB.|baBaHrqHy3BeurajHy anyry Peny6nnqh p6{juPaqyHoBoAqBeHfietoAOr{HaHcujcKx43Beuraj cy cacraBrbeHt4o MeroAynpBo6HtHeHa6aBHe peAHocl4, cr4MyKonr4{o COI,4 e 3axreBajy pytaqxiv cHoB peAHoBalbaa HaqxH nucaH 3HalajHxMpalryBoaoAcrBeH nonllTl4kaMa,Haqeno YarrHocthocnoBatbaOuHaHc,4jcRu43seuJrajrJpytlTBa acraBrbeHuy HaocHoayHalleracranHocr,l ocroBa|t'a

npEmEA3HA'{AlH14XAL{vHOBOACTBEHXXOnITIKAHe|{peTHuHe?octpojerba onpeMaHeRperHHe,nocrpoieHra4onpeMa e vHuq,4ianHop,43Hajyo Ha6aBHoj peAHocr oAHocHono qeHLl (oluTaba3a cpeacrBa l3pabeHa conTBeHojexxjx Ha6aBHyBpeAHocThHl4OaKrypHa peAHocr BehaHa a cse rpolllxose xojti ce MoIy AupeKTHopxnxcartlAosoberbyoBr.lx peAcTaBacTa$eoyHKquoHanHep,4npaBHoTx.HaKOHoqerHor pr3HaBarba,experHLne,ocTpojersa onpeMaBpeAHyjye n o Ha6asHojBpeAHOCrxMa$eHoj a (yMyntlpaHycnpaBKy peAHocrxo ocHoBy MopTu3aquje 3aeBeHryanHeyMynxpaHey6t{rxeno ocHoByMa$e|i,aBpeAHocT,'1AMoprr3aqujaeRperHuHa,ocrpojerbaonpeMe e u3pa'lyHaBapxMeHoMponopq'loHanHeMeroAe roKynpoqerbeHoropr-lcHofeka norpe6e peAcrasa, 3nptlMeHy neAehx cronal

3 .

TpabeBriBcKx6jekT,aTexH19xanpeMalloroHcHxl noc, loBHvHBeHTaPHaMeu.rrajKaHqenapxjckanpeMa PaqYHaPt

5a10%20%250

Ocrara onpeMa 10%o6paryH aMoprh3aqvjeno'l,1r6e A HapeAHof eceqa oAHocyHaMeceq HoleMe cpeAcrBocTaB,tbeHovnoTpe6y,AMopTr3aquoHerone ce peB,4al'lpajyBaKeOAuHepaAUOopaqyHaaMoprrl3aqvje{ojaoapaxaBa rsapHk rpoulakoBt4x peAcraBa ToxynocnoBa|+lanpeocrantlHaMe9aaaHuex $xloBol Ropr,4uher6a,


11/60

JKnAySOKO lH14LlEHANOMEHY3O14HAHCI4JCKE,I3BEIIITAJE31,AeL{eM6ap012. oAxHe

3. nPETIE,43HA'{AJHtlxAqvHOBOACTBEHnO/ll'lTxKA HACTABAK)HexperHrHe, ocrpoje$at onpeMa Hacrasax)cpeAcrBo e hcKtbuxaBa13 BuAeHqxje MoMeHry rybe$a xrx yxon,4{o e Heoqekyjy yA)heekoHoMcKeopr4crL4A ynorpe6e or cpeAclBa Ao6r\v v^v ry6rqu no ocHoBy poaajeL'nL{orn ca cpeacrBa (kao pa3n xa u3Meby Hero npoaajHe speaHocTM1 Kt6,lfoBoAcrBeHespeaHocTr4ip 3NajYey 6xnaHcy cnexa Arosapajyheteprloaa.3arrxe3arxxe ce BpeA|yjy no Ha6aBHoj peAHocrr,l,AHocHo eHu KoLxrarsa, nx Hero npoAaiHoiBpeaHocTr4/3aBcHocTr4ojae HuxaHa6aBHa peAHocrK,'byqyjepeAHocr o OaHryph o6aBtbaqa,Bo3Heax6tiHe,TpaHcnoprHerpou(oBe u Apyfe 3asL{cHeporll(oBeHa6aBKe eHaKourarsao6yxBara poul(oBe peKrHofMaTep'4jana,,4peKrHofaAa,4 lllaupeRTHepotllKoBe pot'l3BoArbepollll


12/60

lHnavEoKoxr,lr-lEHANOV]EHE3 O14HAHCI4JCKE3BELIITAJE31.AeqeM6ap012. oAhHe

3- NPEI/IEA HA'{AIH14XA''IYHOBOACTBEHXXOIUTI4XAHACTABAKIQhHaHc,rJcxlrHcrPYMeHThKno cuhu Kdpja QuHdHcuict(ux uHcmpyMeH m ctO HaHc[jcxa cpeAcr8a yH.rbyqyjy yropo']Be O HaHchicKe racMaHe, norpaxx6arba/HparxopogHe xHaHcxjcRe nacMaHe,oroB14Hy,4 oroBtlHcHe RBhsaneFre pyulTBoH-nach4|1xyjeuHaHctijcxa peAcrBay He(y oA creAehrx Kareropxja: cpeAcGa no OepspeaHocTr4po36r,,rauc cnexa,uHsecrxqtlje oie ce aplKeAo Aocneha,HpeArlrtl 3aiMoBx)MnoTpaxHBarba,lpeAcrsa acnoroxr,rBaaupoAajY. rac o Kaquja a8xcx A cBpxe aHojy ycpeAcrBa reqeHa.PyKoBoAcrBo4pyulrBa 'rBpbyjexnacrOtiKaqujyOxHaHcrijcKxxpeAcraBanpvrHkoMH qll janHof pt l3HaBaba,oHHaHc,l jcke6ase3e K,by,ryjyyfopoqHe rHaHcxjcRe6aBe3e,parxopoqHe HaHc'aj tHeo6aBe3e,o6aBe3eu3 noc-noBar6al ocrare kparxopoqHeo6ase3e.ApytlTBo xracxoLlRyjedMHaNc,l jcxe6ase3e ABeKarerope: o6aBe3e o Oep BpeAHoca,po36r lnaFc cnexa 1ocrane rHaHcrl jcxe6ase3e.M emod eeb KmUBH KoMdmeMeroA eoexrxBHeKaMaree MeroA r-l3paqyHasaH,aMoprll3oaaHe peAHoc O HaHc cHofcpeacTBaMnvorHaHcujcKe 6aBe3e panoAene pfxoAa oA KaMareM pacxoaaoA RaMarelOHOM ApebehOfepxoAd. oexlt lBHaaMarHarona e '{aM3_HaTona oja aqHo4rlchoHnie6yAyhe oroBLiHcRecn/ 'areA^A npr,MarbaoRoM qeRvBahofoxa rpdjdroaO'aHaHchi ' t(oLlHCTpVMeHranf fae je np MaAHo,ToKoM paherneproAaHaHeToKFt'r',lfoBoacTBeFYpeAHocrd HaHc cKorcpeAcrBa1nl 0r1Ha cHjcxe6aBe3e.fomoauHdu zomoauHcKuKauaoteHmunoa roroBhHoM1 oroatfHcxfMxBraareHr| lMaoApa3yMeBajye Hosaq 6narajH cpeAcrBaHa exyhHM1AeBk3H14MaqyHrMaaoh Kparxopo'lHxeno3,lTr4orpv Meceqa oje e Moryhe,naHooHBeproBarxforos14HY1 ojrlcy npeAMer e3HaqajHof1.13xKaA npoMeHe peAHocrxKpedumuFajMoau)u nompsr ugabollorpalkMBa!6a A kynaqa, xpeArlTu 3ajMoB!a) ocra,nanorpa'+(Ban'a ca O RcH|aM nuoapeauBxM naharbuMaKoja ce Ne Korxpajy Ha axI,lBHoMTpxr'1ury xnacllor'1|(ylye KaoKpeArlrrl3ajMoB|,1),1orpaxxBarba.KpeAHrx l norpaxxBaH,aBpeAHyjy e no aMoprr-l3oBaHojpeAHocrx,nprlMeHoMMeroAeeoekrlsHe HaMare, Man,eHoj a yMarbe]be peAHoclr4o ocHoBY 6e33pebeft,a.prxoA oaKaMare e npx3Haje priMeHoM eroAa oekrxBHe aMare, cnMV cnYqajy parHopoqHrlxno-pa$(xBarba.Aeno/3HaBarsepuxoAa A laMare e6/ 6xnoMarepHjan,{oHaqa.Ho.

10


13/60

JKn4y6OKO xrltlEHANOMEHE3OXHAHC14JCXE'43BEIXTAIE31.AeqeM6ap 012. oAhHe

3 . NPE EA3HAqAJH'IX AqYHOBOACTBEHHXONHT KA(HACTABAHIyMa $ eLb apedHocm u QuuaHcu cKux cpeAcm aedHa AaHcBakor6rraHca cra$a ApyurBo npoqebyjeAa ,u nocrojeo6jer


14/60

JKnAyEOKOxr4qEI

I

i

I

HANOMEHE3O14HAHC'IJCKE43BEIIITAJE31.AeqeM6ap012. oAxHe

3. NPETIEA HAqAIHI.IX AIIYHOBOACTBEHXXOTI4T14KAHACIABAK)nope3HaAo6xrax (HacraBax)Od o r


15/60

JKnAySOKOxr4r-lEHANOMEHE3 O14HAHC14JCKE43BEIIITAIE31.AeqeM6ap012. oArHeI

!I

3 . NPETNEAHAI]AIHI4X A'{YHOBOACTBEHI4XONXTXXAHACTABAK)Ap)|{aBHa aBarbaAplKasHa aBaH,ae npx3Hajy o OepBpeAHocr,4aAa e crexHe npasAaHaBepeHocrah-e eApyurrBo p,4Apx(aBarucnoBa oBe3aHuxaAaBarb,iMaAahe AaBa$e6ur,4npuM.rbeHo.ApxaBHaAaBarba oBe3aHaa cpeAcrsxMa, x/'by'ryjyhHeMoHerapHaaBar6a/cKa3yjy e y6unaHcv rarbakao oA/roxeHr npL.rxoAo ocHoBy aBat6a.O&roxeH nphxoAr,l e np'43HajyKopxcr rnaHca cnexa oxoMKoprlcHofeHapajarha peAcrBa, ro 3a oAroBapajyhr43HocaMopTr43aqrje,o npxHqxnY yqe.rbaBarbapt4xoAa4pacxoAa.npepaqyHaaatberpaHeBaryrcl locnoBHepoMeHe acrane crpaHoj ar)"ru y npepa'ryHareAuHape o cpeA$eM y pcy\,TBpbeHoMaMeby6aHKapcr{oMpxuury 4eBx3a,oju e BaxuoHaAaH locnoBHepoMeHe,CpeAcrBa o6aBe3e c(a3aHe crpaHoj aryruHaAaH6[,1aHcaraba, npepaqyHarny yArlHape o cpeArbeMypcy ,'tBplleHoMaMeby6aHKapcRoMpxr4uJryeBv3a a ajAaHHero no3,4Tl4BHenx HeruTxBHeypcHe a3.n14Ke,acrane pxnxRoM ocroBHl,lxpaHcaRquj.crpaHojBanyr,{ npvnfiI


16/60


17/60

JKnAySOKOfit4l.lEHANOMEHE3O14HAHCI4JCKE43BEtXTAJE31.AeqeM6ap 012. oAxHe

5 . HEKPETH14HE,OCTPOJEIbAONPEMA

HenperHrHe

y xrrbaAaMa CAYrara|6a ABaHc,rrytja cpeAcrBacpeacrBa npunpMy yKynHo

Ha6aBHapeAHocr1. aHyap011.oArHeHa6aBXeroky roArlHenpeHoc|4orybelt,a pacxoAoBar+,a31.AeqeM6ap011-oAL e1. aHyap012.oAuHeHa6aBXeroxy o4xHenpeHocl4Kan,1raru3aqa kaMaraoryf)e$a pacxoAoBa]ba31.AeqeM6ap012.oAyHencflpaBKapeaHocTrl1. aHyap011.oA HeOryIlerha pacxoAo a b31.AeqeM6ap011.oAxHet. jaqyap 412. oAAHeOryl)er6a pacxoAoBarha31.AeqeM6ap012.oAuHeCaAaru!bapeAHocl31.AeqeM6ap012. oAr.{He31.AeqeM6ap011.oguHe

3A'|14XE

288323.063

nocrpojelbal, |onpeMa

4.6694-989194.O76{e)20t125

98.083(1)

301.807

- 589.2372.227 516.730- (s17.139)_ 14.978)

s93.906524.22A\4.978)(e)

1,.773.1,477.1,13.147

262.89316.496iU1.392.535

2.221 583.850323.35722.650

2.227 583.850262.8931120.733)76.496

346.001

2.642

2.221 742.506

- 1.441,2.602 4.093(8)5.526

1.441,6.6958.128

2.602 5.52670.732 n.A45(1)22.510

8.12827 1,77

(1)35.3042.734

279.237 2.221 742,506 1.357.231320.749 198.199 2.221 583,850 1.105.019

20L2.y xrrbaaaMaPCA2011.ToToBr porl3BoAr,jPe3epBH enoB,lMareprja/lAaru a]a9crlArar x MHBeHTap

s.3814.2949 8 181925L

4084.7344511241436,4627-726


18/60

HANOMEHE3O14HAHCXJCKE43BEIXTAJE31.AeqeM6ap0X2.oAnHe

JKn vSoKo xxqE

7. noTPA)l$4BAltA

20L2.y xr,irhaAaMaCA2011.florpaxuBa$aoA Kynaqa:

-y r4HocTpaHcrayOcrananorpaxvaarbaMraHyc cnpaaKaPeAHocrx

34.729396.1771.334

29840.945(13.689) l17l27 -256

HaAaH31.AeqeM6pa 012.x 2011 foAxHenpeAcraB/beHale

y xl,rrhaaaMaPCA20t2. 2011.

CrapocHarpykrypanotpaxMBal6aHacneaeix Haq,4H:

0-30AaHa30-50AaHanpeko60 AaHa

Crarbeia noqerxy oAuHeHoBe,rcnpaakeroKy oAtlHeCrarbeHaxpajyroArHe

25.92L1.34213.682 t;40.945

HaAocnenanorpaxlBalsaApyulrBoHe spulr,46paqyH ar*He kaMareHannaranorpa){{xBarbaHhjeo6eS6ebeHaeperoMHaxMoB14t{yyxHxt(a1nMeMcrsoM peher |,lqaflpoMeHeHaMcnpaBqttpeAHocr{ orpax[Balba3a 2OIZ, /t20t7. toAt HY y 6xne cneAeie:

y xnrbaAaMa CA20L2. zoLt.7713.672 !7

13.689 L7


19/60

rRnAvsoKo xxLlEHANOMEHE3O14HAHCI,IJCKE43BEL1ITAJE31.AeqeM6ap 012. oAxBe

8. KPATKOPOqHI4OI4HAHCI4JCK'4nTIACMAHI4

OpoqeHuAen03 rl,1


20/60

TI HANOMEH 3Ol.lHAHCI4JCKE43BEIIITAJE5r. AeqeMoap012, oarHe JKnAy6or{o xr4tlE

1 1 . HEYNTANEH14NTCAHARANVfM

:;'#li#:;'i;ilil;:lf:#:"ji;J1',":jenaAaH-3-1-aeqeM6pao72cA,Aey,.i3.a(y:4,Tff:;"TJ"*;ah,:'#UxruffiH;ff.'-"""fil:il'ffi ,1.":HeynraheH nhcaHx anura, ciuBaqv vperroHanlecaHkrapHeaenoxrrle. 't Ay't


21/60

JHn y6oKo xt4rlEHANOMEHE3OIlHAHC'IJCKE43BEIUTAIE31.AeqeM6ap 012. oAxHe

2012.

42. ayropo'1H11KpE4t4TtlHACTABAt{)CrpyKrypaAocneha 6ase3a oAyropoqHrMroArHeAara e y creAehoj a6err: (peA{rr4MaHaAaH31 4e4eM6pa 072 u 2or1.

y xrrbaAaMa CA2012, )^11Ao 1 roAr8eOA1Ao2 roAxHeOA2Ao5 roAu{a

t3-

OsABE3E43NOCNOBAFbA

TexyhaAocneiaAyropo,lr{xx pe4hraucrare kparxopoqHeOuHaHcrjfio6aBe3e

104.916104.916 58.49858.498775.494_ _q9.9$ - _ ?94110

OSABE3E{OJE EMOry KOHBEPTOBATI4Y KAN'TA'O6as$e Kojece Mory j{oHBeproBar,,v Karrz.een rrui4e q41io .;;;;;;:';; ,\i'"'1' Ha'4aHl aeqeM6pa012' oA,lHe,3HocespA""" ,,",.".;*";;;;;;;#dff*l|#J :iffi:;:$ vn,arecH,4Ba,,a.oieI(PATXOPO',{HE14HAHCI4JCRE6ABE3E

y xr4rbaAaMaCA2012.

LO4.97l

58.498

y xrrbaAaMa CA

104.91555

O6ase3enpeMaAo6as.rbaquMa:- y !lHocTpaHcTBynpuMr,eHv aBa{c,

58.5983.097

58.713

1 9


22/60

tKn ryEOKOll{xqE

HANOMEHE3OI'lHAHCI'lJCKE43BEIIITAIE31.AeqeM6ap 012'roAtHe

15. OEABE3E1O CHOBYABHIX NP}IXOAA NBP y xrrbaAaMePCA2011.

OanoxeH np'1xoAr44 p14M't'eHeoHaqhieuy:u::::::'r""";"o"l",*oo"408.138

724-,, slj4 ,,367336-

365.954'31468

?:$"::.hT:::1"fHil:;:"#iuiilfi;[1"+",1iixH#"?uii^ff:"'::l:HJ,:lffi#;: ;-"Jp"e'ou""o""n*"'aHxrapHeenoHxret7.

noxxoAMAYcnyranpxxoA oAnPoAajePoM3BoAa

18. ocrMr noc/loBHnPxxoA,l

nPlxoAt4 AnPo.qAJE

IlpxxoAl, oA nPxM,,beH{x AoHa 'tla:- noBe3aHa paBHa"ll4qa- ocTananpaBHa 14qaOcranx nocIoBHtl nPxxoAu

19. TPOIIII{OBI4MATEPI4JAJIA

TpourKoB oPYBa eHePrrijeTpouJRoBualep'4janaax3PaAY

20x1.2012'90.385

101.730 1.970

y xnrbaAaMa CA2011'

1.970

20L2.

32.a919.66037042.921

20L2,

22.661

y xrrbaAaMaPCA2011.

8.a27313

L2.1866.08018.266

2.L104.4006.510

20


23/60

J(nAySOKOxl4qEHANOMEHE3 O14HAHCI,IJCKE43BEIXTAJE31.AeqeM6ap 012, oArHe

20. TpolJKOBl4APAAA1OCTMX XqHXPACXOAI4y xrrbaAaMaPCA2012. 20tt-

Tpour{oBhHero3apaAaTpourKoBuopea x AonpuHoca a3apaAeOcranxntqHu paxoAr425.063L2.2794.545

10.6406.9L42.61142.888 20.225

21, ocTAnl4 OCnOBHl,lACXOAI420!2.y xrrbaAaMaPCA20Lt.

TpourKo614cnyrao6e36eberbaTpourKoBxcrartxycy|aTpourl{oBxnyra ApxaBarbaTpaHcnoprHxpo!rxoBxTpourl{oBx enpov3BoAHr,rxnyraTpourxoBr,4oMyHanH14xcny|aTpou(oBxMoHvropttHrcTporuxoBMeMaMeTpor.u{oBr4enpe3eHTaqxjeOcranl,|locnoBHr,tacxoAl,{

2.353I.2AI1.3301.0011777135.276

2.467580505432127t64360626

L4.426 t1.7'IO

22. OI4HAHCIIJCKI4PACXOAI4

2012.y xrrbaaaMaPCAzor7.HeraTl,lBHeypcHea3rxKePacxoA,roocHoByoeKata artfHeMay3y,nePacxoAl4aMara

23.5782.7581.050

1.3924481

27.396 1.841

2 1


24/60

HANOMEHE3O}4HAHCI4JCHE43EEIXTAJ31.aeqeM6ap012. oArHe

JKnAySOKOxl4qE

I

23. OCTMX PACXOAI4

Ao6xrak/(Ty6xraK)peonope3Maat6aKopeKqvje acrarHepa3nxKeKopeKqlja anpr4BpeMeHea3nuKe:- paqyHoBoacrBeHanopec(aaMoprv3aq,lja- n0pe3l4 aonp Hocr,4nopecKu y6xraK

PacxoAr4o ocHoBy 6e3Bpeberbalorpax{aarbaOcran14acxoAM

NOPE3 AAOSI4TAKyca auasarbeAo6x a/(ry6nlxa)npeonopsrBarba t

20L2,y xrrbaAaMaPCA2011.13.672 t78t4-040

nopecxeocHoarqe

20L2.{18.367)489{29.s91)28

71.86074.577 54.30318.51790.371 72.820

x poKoBxAo saAaMoryaa 6yAy r4cl(opr4uJieHrl

y xxrbaaaMa CA20t2. 20Lr.55294.566 5 5203.732

203.747

l17EI W4!11npeHervnopecKn y6nqt,lnperneAnopec(Mxy6[TaKa peHer,rx43 aHxjvxnoc/roBHMXoArHa i pol(oal,lAo (aAaMoryAa6yAy acKopuuheHr arla yy cneAeiojra6enla:

y xnrbaAaMa CA20L2. 2011.oa jeAHeAo neT oal,|Haoa nerAo AeceT oauHa

OAJEAHE ONET cA'HAOANETAO ECETcAUHA

HexcxopxuheH}l opecklrkpeArrxnperneAHexcKopr0iheHl,{xopecKxx peArranpr4Ka3aHny kao uJTo leau:

5.498622123.704)27

y xhrbaAaMa CA2011.

294.62L22


25/60

-tIIl1l!l-ll-I-lltll-I

rKnAv6oHoxxqEHANOMEHE3O14HAHC14JCI{E43BEIIITAJE37. AegeMoap2012. roAta{e

TPAHCAKUXJEANOBE3AH14M,N14U14MAy oKBxpy Bojhx eAoBH14xocroBHr4xKrHBHocrupyrxrBo 6aB/bapaNcakqI,1jea noBe3aHhMnuquMa.y roRy 2012. A 2011. foArrHeo6aB.rbeHey cneAehe paHcaxqxjeca noae3aHMnpaBHuM11ur,1Ma:

y xnrbaAaMa CA20L2- 20rr.nP14xoAl4Ocrarl,nocroBHhprxoAl4:- ocTaranoBe3aHapaaHa hqa

O6ABE3EO6aBe3e ojece Mory xoHBeproBarr kaflrrari- ocrana oBe3aHapaBHahqa

32.497 18.82132.897 14.42!

32.654 27.23832.684

H,byqHoyxoBoAcrBoApyLlrBaruHeAripeKTop .rnaHoBxnpaBHor0460pa,ulv n^aIr4Be ./byqHoMyr{osoAoByno ocHoay$tlxoBof paaa npuRa3aHecnert I

2012.

21.234HaxHaAenaheHecy y ra6enMKoja

2011.SapaAe

2,774

ynFAB/bAtbE 14HAHCl4lCK14M143t4tlt4MAqIrbeBnynpaBrbaba0riHaHcrjckrMpu3nqrManocnoBa$eApyu.rftae x3noxeHopa3nnqfiTr,rM0xHaHcxjcHxMx3144rrMa:pxr4L!HoM x314Ky,xpeAurHoM x3,1ky14pr3xxy ,xxBr,rAHocrx. poapaMynpa8,'bart,arlHaHchjcxr.lM|13laqxMaApyurBa e ycMepeHla HeMoryhHocrpeABubarbaofabajaHa O,4HaHcvjcKriMpxr,ruJT,iMa1rex MhHr.4Mr,r3r,ipaF6yoryhuxHe|arxBH14xOeKara aOtHaHcljcke ep0opMaHcepyurrBa.ApyuJTBo e (op crv HrlkakBeO HaHcujcxe4HcrpyMeHreauJrlre oA eoeHaraouHaHcxjcxpr, l3rKa a noc/roBabe43pa3/rora ro rax8[ r{HcrpyMeHrxucy u[poKoj ynorpe6n, '4Tunocroj,iop|aHr-130BaHopr{xure raKBux rcrpyMeHara Peny6r14q, p6l-liu.

2.114 2.236

25.

23


26/60

rKnAyEoKo xr4r.lEHAnOMEHE3 OHHAHCI4JCKE,l3BE[jJTAJE31.. eqeM6ap012. oAnHe

ynPABft AlbE O14HAHCHICKXM 14314tlXMA{HACTABAK)Tp}l{yurHr.{ h3xxTpx{f iurHx pr43r4xe oAHoc[ Ha px3r,1kAa oApebeHenpoMeHeTpxr lu]Hl ix leHa,kao urro cyfpoMeFe KypcesacrpaHfx Ban), . Ia npoMeHaxaMaTHxx Tona,Mory Aa i,Tr lqyHa Bucr4HynpfxoAa Apyujfta xnLi BpeAHocr 6efoBHx 0|1HaHc,ljcxx r.{HcTpyMeHara.aAaTaK npaBârharp)1{HUrHr,rM,13l,1qxMaecTeAa ce ynpaB.|ba 1KoHTpo.n e ,l3roxeHocr rpxl,1tuH,1M 143hql4MaoR3HpynpxxBar.br,lBr,lxoka3areâ/ y3 onTrMx3aq,ljynprjHocaApyurBa.

, ' : - .oxeHocaApyursa AeBr l3FoM r4314HypBeHCTBeHOeOAHOCT4a KparHopO'rHeoxHaFchjcHe_:ac.iaHe, florpaxrBalba, rorosr,tHy L1 oToaLlHCReXBuAareHre,AyropoqHe xpeArTe, ocrane:. .cpoqHe o6aBe3e kpaTHopoqHe4 HaHcr l jcxe6aBe3e.1- ;r f03oacrBeFaBpeAHocT oHerapH,ixpeacTaBa o6aBe3a pyulTsa crpaH, jM an).raMa a

y xr4rbaaaMaCAO6aBe3e2012. 2011. 20L2. 2071.: ] P

EYP

13.428 419.665 29s.5878x3.428 419.665 295.587

ia ocHoBy 6enoAalbeHerpyKrype oHerapHelMoa Hela o6aBe3a crpaHrlM an'.raMa:.,l.4eHrHOe Aa e ApyurrBo pe cBera cer./br,lBoanpoMeHe esu3Nof{vpcaEyp.y c, leAehoja6erl lnprKa3aHae ocer/r Bocr pyurBaHaanpecxjaq{jy,AenpecrjaLlf l jyCA3a10%y oAHocyHa noMeHyre rpaHeBanFe.CTona cer/brBocli oA 10% npeAcraBânpoqeHvpyHoBoAcrBaapyurrsay nofreay Moryhl,lxpoMeHaypcapcA y oAHocyHaEyp.

68

20L2, 2011.+10% +10% -10%40.624 29.55240.6241

140.624)0.624 29.552

,4pyurco e u3noxeHop143r4(ypoMeHe aMarHxxronaHacpeAcrByMa4o6aBe3aMaoA kojuxje xaMarHa rona BapAja6MHa. BajpBAH 3aBxcr, jA OrlHaNc, i jcKofp)xt4ulra1ApyLlrBoHeMaFd pacnoqararbyHcrpyMeHre oj Ma6y y6naxhro rbetoB r l /qaj .CTpykrypa MoHerapH,x cpeAcrasa I o6aBe3ana AaH 31. AeLleM6pa2A12. u 2AI1 to1'lHe cacraHoB14rl]Tal3noxeHocTllkaMarHoMpr.43xKyaaTa e y cneAeheMnpefneAy:

24


27/60

t J{n AyBOKO)XXr-lEHANOMEHE3O14HAHCI4ICKE43BELIITAJE31.AeqeM6ap 012. oAuHe26,

t

!

ynPAB.rbAtbEuHAHCl4JCK14M14314tXMA (HACTABAK)Tpxr4urHr,rr,r3xR{HacraaaKlKdMdmHuu3ux Hocmdeox)

QrHaHcrjcKa cpeAcrBaHEXAMATOHOCHAXaMaroHocHaOuI(cHaaMarHa rona)

ONHaHcrjcKe6aBesel{aMaroHocHeBapxja6unHaaMarHarona)

y xrrbaAaMaPCA2012- 2011.

! 46.3075.000 4.14951.307 4.149

96.346419.66s 87.958292.49A

!

lI

380.448

II

I

HapeAHaa6era npxxa3yje Hanu3y cerrbrrBocrri eroAo6rrKa3a exyhy nocnoBHyoA Hy FapearHoMoryhe poMeHe RaMarHrMronaMa a7% ZOIL oAt/,He1%), oqeB A 1. aHyapa.lloBeharbe AHocHo Marberbe A 7:A npeAcJaBtbaearHoMoryhy npoMeHyKaMarHtrxrona,hMajyhx BxAynocrojehepxuuJHe cnoBe. BaaHa/ru3apxMerbeHae Ha OtlHaFcri j rHehHcrpyMeHrepyurBa Kojla y nocrojanr HaAaH6vnaHcacrarba npernocraB./baa cy cBeocrane apxja6neenpoMerbeHe.

2012. 2OLL.+L% -7% +1% -1%OxHaHcri jcxe6aBe3e \4.191)

(4.197)4.197 2.9254.197 2.92s

KpAr4rHXr,r3r,ixApylurso e r43ro)KeHopeArirHoM ,43r1r{yoj|4npeAcraB,'bau3r1x a ApxHr4qr4 ehe6urk yMoryhHocr[Aa AyfoBarba peMaApyuJTBV,r3Mr.rpenornyHocrvH Ha BpeMe, iro 6x xMano3ape3ynrarOxHaHcl,1jc|{,ry6rraHApyurBa,KpeArHx p 3rk o6yxBara yfopoqHel,1parxopoqHeOuHaHc,ijcxeracMaHe, orpaxrBa$a l, AarerapaHquje eMcrBapeh,iM r,rqhMa.y Peny6n,aqxp6l, l ju e nof ioje cneq anri3oBaHeejruHrafeHquje oje BplueHe3aB,lcHyKracriOuKaqrijyi paHfxpa$enprlBpeAHxxpyu.rraBa.cneATofa,ApyurrBoe nprHybeHoAaxopr.4c ocrare aBHoAocrynHe uHaHccke MHoopMaqrjeHnp,noAarKe 6oH,reryHojenpyxa AreHq a 3a nprlBpeAHe errcrpe) u ,4HTepHejcroprjcxe noAarKeo capaA$ caoApebeHxMnocnoBHM naprHepoMy q,a,'by Apet)xBa!6aberoBor6oHhrera. Ha ocHoBy6oHureraxynqa,yrBpbyjece x3Hoc beroBeMaxc ManHe peArrHeu3nolReHocrx, cKnaAy anoc/roBHoM orri ,fl.(oM cBojeHoM A crpaHe pykoBoAcrBaApyurrBa, 13HocMakcllMarHeBpeArlTHe13no)+(eqocr,4eBMAr,lpae HajMar6eeaHoM oavurbe.

25


28/60

lxn Av6oKoxxr-lEHANOMEHE3OXHAHC14ICKE43BEIIITAIE31.AeqeM6ap 012. oArHe

ynPAB.'bAlbE T4HAHCt4JCK14MX314r-IXMAHACTABAX)KpeArrHl,t x3r,rxHacraaak)y cnygajynoBeiaEa x3HocaAocnenrxnorpaxuBaFiaY cxoAHo oMe noBehaHe3rlo){eHocrr4(pealrHoM pl,13r,1Ky,ApyLllrBo p[MersyjeMexaHx3MepeasxbeHe ocnoBHoMorl4 'lr(oM.Apyurso HeMa3HaqajHvjyoHqeHTpaqvjy peAMTHorx3xka/ep ce rberoBa orpaxriBarba,1rracMaHr,4AHoce aaenrkh pojMeiyco6HoenoBe3aHuxynaqaanojeaxHaqHoantMx3HOCuMayfOAa|6a.Pr3ttx t KBl,rAHocrttPyHoBoAcrBopyufisa ynpas.rba tl3Hr{oM xBr,iAHocr,'ta HaqxH Koj,4My o6e36eDyjeAaApyurrBoy csaKoMTpeHyrKy cnyrbaBa Be cBoje o6aBe3e.ApyulrBo ynpaB/bapr3r4l{oMnfiKsr4AHOCTXApxaBajyhtl AfOBapajyheOB.laHee3epse, pahe$eMnnaH,1paHrx-l rBapHxxHoaqaHrlx oKoBau oApxaBari,eM aeKBarHof AHocaAocneha ouHaHcxjcHxxpeAcTaBao6aBe3a,PoqHocr ocneftaO,4HaHo{jcxrx6aBe3a pytlrBaAara e y cneAehoja6entl:

y xr4rbaaaMaCAo A 2 A o 5roArHe yxynHo

II

Ir

l roAxHe

104.916

58.6984.909

oA 1Ao 2

2072, roAul{aAyrcpoqHv(peAi.4r14o6aBeKoje eMoryxoHsepToBaIl4RanfiTatKparKopoqHexHaHcxjcke 6aBe3eO6aBe3e3 nocrloBat6aocrane (parKopoqHe6aBe3e

201!. roAkllaAyropo.rH|,lpeAurl406aBe3eRoje eMorykoHaeploBarx |


29/60

i JKnAv6ORO Xr,fl-lEHANOMEH Y3 O14HAHCI4JCKE43BELIJTAJE31.ArteM6ap 012. oArHeI

III

27. YnPAB.,bAl+El,l3l4KOM AnHTMAy nocryr'rxynpaB,rbarbaanurarHriM r43rrioM, yKoBoAcrBoApyrurBa aMa3a q /'b oqyBarbeMofyhHOCTr,ra nOCnYjeO nprHqrny cTanHoclr,locroBar6a/lcToBpeMeHo ak lMr43upajyhunprHoceBnacBrq,4Ma,1pY rMhHrepecHxMrpaHaMa!'reM nrvMx3aqujeAHoca yra 1kan,lTana,yr{oBoAcTBopyu Ba perneAarpyRrypyanxTanaa oAuurrbojcHoBx.ApyuJTBoHarr3xpaxanrra/rxpo3noka3arer6 aAyxeHocrl4,Bajnoxa3are.rb,i3pa']yHaBae KaooaHocHero 3aay)KeHocTr,r4 KynHof anxrana,HeTo3aayxeHocT e o6patlYHaBaaxo urro ceykynHe kHaHcujcRe6aBe3ekpaT(opoqHeAyfopoqHe)Marbe a foToBr.4Hy1 roToa[HcxeeHahBaneHTe.kynaH anvra, npeAcTaB,ba6up cBxx xareropxja anuraranp!1xa3aHhx6vraHcy rat6a Hero3aAvxeHocrx,noHa3are,'t,HaAyxeHocrxHaAaH31.AeqeM6pa 012.u 2011. oAAHe y 6unu creAehvl

IIII

v xAlbaAaMaPCA2012. 2011.vkynHa aayxeHocTfoToatHal roToBMHcxrxB Ba/leHTh

rantTa,

ll oxa3ale,'b aAy)ReHocTr,l

NPEY3ETESABE3E

452.40417.9s1 319.7832.534317.249553.908434.453511.614tl 1.006.727 471.15743,18% 36,42%

29.

AaHa20. Mapra2008. roAuHeApyurBo je nornucano ro8op o KpeA,ry a EBRD-oM. B,IMyroBopoM pyurrBoe npey3eno 6aBe3y a HaxoH 4cflyber6a ApeleHl4x croBaoA EBRD-anoByve3Hoc o 5.000.000 yP cBpxe uHaHcnparbasmaARe HonourKeenoHxje.epxoAornra_ekpeAhrae ner foa,4Ha o xcle'{y pe;c epuoAa.yxyf laH3Hoc o8yqeHo.peA[raHaAaH 1.AeqeM6pa012. oAl-1He,a3Hacu.421.123 yP.

OEPBPEIIHOCT 14HAHCI4JCX14XHCTPYMEHATAHaAaH31.AeqeM6pa 072.v 2011. oAuHe pyurrBo je uMano kHaHcrjckrxpeAclaBao6aBe3a oja e HaxoH oqerHor pu3Haaar6apeAxyjy oOepapeAxocrr.HrburoBoAcrseHepeAHocrf i xHaHcrjcKrx HcrpyMeHara6enoAabeHe 6 naHcycrabaApyurrBa o aMoprh3oBaHojpeAHocrxpx6nxxHocyjeAHake brxo8r,lM epBpeAHocrfiMa.

2 1


30/60

JKnAyEOKO ltfl4qEIf

It

HANOMEHE3OXHAHCI4JCI{E43BEIIITAJE31.AeqeM6ap 012. oArHe

30. noPEcx1414314ul4Ilopeckrinponxcu Peny6nuRe p6 je ce,recropa3nx'rvroryMaqe anpeAMer y

qecrrlxx3MeHa.TyMaqerbenopecKr4x ponxca oA crpafie nopecxnx Bnacrn y oAHocy Ha rpaHca(q,4ieaKrysHocrrlApyurBaMoryce pa3nIKoBarxAryMaqebapyxoBoAcrBa,cneATora, paHcatqujeMory 6r-114cnopeHeoA crpaHenopeckhxMacr,r 14Apytur3yMoxe 6xr[ oApel]eHAoAarHtrs3Hoc ope3ar a3Hn i KaMara,lepnoA3acrapenocrr{opecke 6aBe3ee ner roAlaHa/AHocHoflopecKe nacrrMMajy paBoAa oApeAe nahabeHe 3Mr.tpeHxx6aBe3a poKyoA ner roA,4HaoA KaAae o6aBe3a acrana,

YCAT/IAIIJABAIbEOTPAXI4BA}bA4OSABE3AApyurBo je x3BpurxroycanauaBabe cBojlx norpaxMBaba o6aBeSa a crarbeMHaAaH31,AeqeM6pa 012. u 2011, roAlaHe. nocrynky cafrauJaBatbaa nocroBHrlM aprHeptMa,Hvcy\,,TBpbeHaarepxjanHo Ha.rajHaeycarraueHa orpaxxBaba ao6aBe3e,

32, AEBl43Hl4 yPCEBI4CpeA$ri KypceBv a AeB[3e,yrBpbeHuHa Meby6aHKapcKoMpxtlurry AeBq3a/ ptiMe$eH,1 anpepaqyH eB,r3Hr,rxo3rqtja 6 naHcacra$a y AuHape, a nojeA[He.naB1eBar'yJe y 6u^ucnetrehx:

2012- 20tt.113,7183 704,6409

31.

EYP

I 78


31/60

JASHO.KOMYHANI{O NPEAYsETE*il':xl.fl:{T13io**,--;*#_-. E"h

PUCDUBOKOZICEFinancialtatementsYearEnded l December012andIndependentuditors'RePort

Translationftheoriginalepiirt ssuedn Serbiananguage


32/60

PUCDUBOKO ZICE

Page'\- 2

3

4

5

6

1 - 2 8

CONTENTS

Independent uditors'Report

Balanceheet

lncomeStatement

Statement f Changesn Equity

Statement f Cash lows

Notes o the Fina cia Statem nts


33/60

- - BAKER TILLYWB REVIZIJAl.kerTiLlr'NBrrrirril....B!Lt!r{l!+on S ln: 2I t0ir0Bo!nd, S$iriI ' i \ : l 3 i 1 l 1210 555! nDil .li.e(Jta[erdllkL lrr

,Ag r i q j : ; r p . r . dn .F r j s i i . o tu j r g j n t i F lD l . i 66 t . L l pn i t r i i up l i : n i l + i n l , l t 0 l , 03EURPrB 1000{t.1t.Trlrijanb, lr 0 j0006666000 l, unickdirBr slhrF2.d Bcogmd

INDEPENDENTUDITORS' EPORT

To he Ownersand he ManagingBoardof PUCDubokoUiicWe have audited he accompanyinginancial tatements f Puc DubokoU:ice (hereinafter:theCompany' ') , hich comprise he balance heetas of 31 December 012,and the relate d ncomestatement,tatement f changesn equity ndstatement f cash lows or the year hen ended, ndasummary f s igni f icantccountingol ic iesndotherexplanatoryotes.Monagement's esponsibilitiesor theFinancial tatementsI\4anagements responsibleor the preparat ionnd air presentat ionf these inancial tatementsrlaccordanceith the accountingegulat ionsf the Republ ic f Serbia nd or such nternal onlrolasmanagementetermines5 necessaryo enable he preparat ion f f lnancial tatementshat are reefrom materialmisstatement, hether due o fraudorerror.Aud o s' ResDosb tvOur responsibi l i tys to express n opinionon these inancial tatements asedon our audit Weconducted ur audit n accordanceith Internationaltandardsn Audit ingThose tandardsequirethatwe complv i thethical equirementsndplanandperformhe audit o obtain easonablessuranceaboutwhetherhe inancialtatementsre ree rommaterial isstatementAn audit nvolveserforming rocedureso obtain uditevidence bout he amounts nddislosuresnthe f inancial tatements. he procedureselected epend n the auditor 'sudgment, ncludingheassessmentf the r isks f materialmkstatement f the f inancial tatements, hetherdue o ffaudorerror. n makinghose iskassessments,he auditor onsidersnternal ontrol elevanto the enti ty 'spreparat ionnd airpresentat ionf the inancialtatementsn order o design uditprocedureshat areappropriaten the circumstances,ut not or the purpose f expressingn opinion n the effect ivenessof the enti ty 's nternal ontrol .An audi t also nclu des valuatinghe appropriatenessf accountingpo ciesused and reaso nablenessf accounting st imatesmade by the management,s wel l asevaluatinghe overai l resentat ionf the inancialtatements.We bel ievehat he auditevidence e have btainedsslf f ic ient ndappropriateo provide basisorouraudit pinion,

+';'ililiii'i?


34/60

INDEPENDENTUDITORS' EPORTCONTINUEOI

To the Ownersand he ManagingBoardoI PUCDubokoUiice{continued}OpinionInouropinion,he acompanyingina cial tatements resentfair ly,n al l rnaterialrspe cts,he inanialpositionofthe Company s of 31 December 012,and he resultsof its operations, nd ts cash lows orthe year henended, n accordance ith the accountingegulations f the Republic fSerbia.

Belgrade,l March2013i . E r 4 \

q D A K E R T I L I . } ;WB RSVIZIJA


35/60

PUCDUEOKOUZICEBALANCEHEETAs of 3l December 012(in RsD000)

Note 20L2 2011ASSETSCurrentassetsSubscribedapital npaidIntangib assetsEquipmentCurrentassetslnventoriesReceivablesPrepajdncomeaxShort- iermnancial lacementsCash ndcash quivalentsValue ddedaxandprepaymenis

TotalassetsEQUITYND TIAEIT!TIESEquitVCapitalS!bscribednpaid apitalAccumulatedossesNon"currentiabi l ; t iesLong-term orrowingsLiabi l i t iesonvert iblentoequitycurrent iabilitiesShort-tef f inancialiabi l i t iesTrade ndotherpayablesOther urrentiabi l i t iesTaxes ayable ndaccruals

Total quity nd iabi l i t iesoff-balance heet tems

1 1

6789

73,33650

1,351,2371,430,611

11,72621,256

526,1001l,9512,15265,837

178,030371,105,0191,283,0866,4621,61551

7,944

1,496,45418,505

r307,692

101 1

12

1 5

Theaccompanyingotes n he ol lowing ages rean ntegral artofthese inancialtatements.

538,36473,336140,026)571,674

421,,402178,030l4s,s24)s53,908

314,74932,684 21,234347,433 261,230104,91158,7734,909

408,754

58,55358,2162,449

361,336577,347 486,5541,496,454 1,301,692

54,895 144,467

NedeljkoMilosavljevi6Director"/t/r/7rrzz'z^Nadeida odorovie

lllU+"tC,J,'


36/60

PUCDUBO(OUZICEINCOME TATEMENTYearEnded l December 012(in RSD 00)

lete 20t2 ZOLLOPERATINGNCOMEsalesOwnworkcapital izedlncreasen valueof inventoriesOtheroperatingncome

OPERATINGXPENSESCostof materialsPersonnelcostsDepreciationxPensesOtheroperating xpenses

OPERATINGROFIT/(IOSS)FinancencomeFinancexpensesOther ncomeOtherexpenses

PROFIT/(LOSS)EFOREAXlncomeaxNETPROFIT/(LOSS)OR HEYEAR

18

11

1920

101,7303554,97342,927

t,s]0_40922,661

149,985 25,046

21

18,26642,88827,27018,426

6,51020,22517,770106,790 45,228\20,1821

22

23

3,555127,396)

73(140401

5,498

3,502(1,841)779(2s)

(18,367)24

1L8,3671The accompanyingoteson the followingpages rean ntegralpartof these inancial tatements.


37/60

PUCDUBOKO ZICESTATEMENTFCHANGESN EQUIWYearEnded 1December012{inRsD 00)

20L2 2011CAP|TATBalance,eginning f yearIncreaseur ingheyearBalance,ndofyearSUBSCRIBEDAPITAIUNPAIDBalance,eginning f yearDecreaseuring he YearForeign xchange ifferencesBalance,ndofyearACCUMUTATEDOSSESBalance,eginningf YearNetprofit/(Loss)orthe YearBalance,nd of yearTOTAL QUITY

42r,402716,962538,364

726,7ls294,681

178,0301116,962)12,258

---J]336

145,s24)5,498

42L,402

482,4761277,9s3)\26,493)178,030

127,Ls7l(18,367){4!?!r ---\4sE!L57L,674 553,908

The accompanyingoteson the followingpages rean ntegral ar tofthese inancialstatements


38/60

PUCDUBOKO ZICESTATEMENTOFASH LOWSYearEnded l December 012(in RsD000)

20L2 2011OPERATINGCTIVITIESGsh receipis rom customers nd received dvancesOthercash eceiptsrom operationscashpaid o suppl iersndadvancesivenCash aid o andon behalf f employeeslnterestPaidOthertaxesndcontr ibut ionsaidNet cdshptovided by operating ddivitiesINVESTINGCTIVITIESOther inancial lacementsinfows)Interest eceivedrom investing ctivitiesPurchasesf equipmentnetoutf ows)Other inancial lacementsoutf lows)Net coshused n investing ddivitiesFINANCINGCTIVITIESIncrease f registered apitalLong-term orrowings,nflowsOther ong-term nd short-term iabilities,nflowsLong-term orrowings, utflowNet coshprovided by lindncing o.tivitiesNet ncreasen cash uringthe earCASH NDCASH QUIVALENTS,EGINNING FYEARForeignxchangeains n ranslat ionf cashForeignxchangeosses n ranslal ion f cashCASH NDCASH QUIVATENTS,NDOFYEAR

64,50789,498(39,157)l'47,670)(16,s60J(3,102)

1,93150,956(13,958)(18,597)(79s)

29,4373,516

l

1

42,2904791372,691)(48,100)(318,028)

116,962181,73356,291

(83,s49)217,431

(265,804)\40,294)

(252,260)

80,39330,344112,368

223,10s282

2,53477(64)

2,534

3,079(s87)

Theaccompanyingotes n he ol lowing ages rean ntegral artof these nancialtatements,


39/60

PUCDUBOKOZICENOTESOTHEFINANCIATTATEMENTS31December012

L.

z,

GENERALNFORMATIONPucDuboko i ice hereinaftenlhe Company")asestabl ishedn 13October 005.TheCompanys o rganized s a publ icut i l i tycompany nd s registered i th the AgengyorBusinessegisters.Principalusinessct iv i ty f the Companysdisposalofwastendgarbage.Headquartersf lhe companyare ituatedn ui ice,Duboko b.Registfat ion umber of the Company s 2AIA4219, nd i ts tax identi f icat ion umber s704344299.The inancial tatements sof and or the yearended31 December 012wereauthorisedorissue y he managementfthe Companyn 27February013.

BASIS FPREPARATIONNDPRESENTATIONFFINANCIALTATEMENTSBasis f preparationof financialstatementsThe f inancial tatements f the Company re prepared n accordance i th the Law onAccounting nd Audit ing Off ic ialGazette, o. 46/2AA6, 11/2AA9 nd 99/2011) nd otheraccountingegulat ionsrevai l ingn he Republ icf Serbia.Accordingo the Lawon Accountingnd Audit ing, l l lega enti t ies nd entrepreneursn theRepubl icf Serbja re iable o maintain ooks f accounts,ecognizend measure ssets ndl iabi l i t ies,ncome nd expenses?repafe, resent / ubmitand discloseinancial tatementsnaccordanceith lawsand professionalegulat ions,ncluding ppl icat ionf the Frameworkorthe Preparat ionnd Presentat ionf the Financialtatements,, the ramework) , InternationalAccountingtandards,, lAS")nd niernationalinancialeport ing tandards,, lFRS"),swel lasjnterpretat ionsthat are ntegralpart f the standards.Translat ion f th Framework,AS, FRSand interpretat lons,ssuedby the InternationalAccountingStandardsBoard and the lnternationalFinancialReport ing nterpretat ionsCommittee,s determined y the resolut ion f the Minister f Finance nd s publ ishedn theOff ic ialGazetteof the Republ ic f Serbia.Howevef,not al l changes n standards ndinterpretat ionsere ranslatedr publhhed p o preparat ionateof the f inancial tatementsIot 2072.Hence, uringpreparat ionf the f inanclal tatenrentshe Company asnot ul ly mplenrentedlAS, FRS nd interpfetat ionsurrent or the year ended 31 Decembef 012.Taking ntoconsiderat ionaterial lyigni f icantf fectshat departuresf the accountingegulat ionsf theRepubl icf Serbiarom FRSnd AS ould ave n rueand airviewof the inancialtatemenrsof the Company,he accompanyinginancial tatementsannotbe regarded s he f inancialstatementsreparedn complianceith FRS nd AS.

I


40/60

PUCDUBOKO iICENOTESTOHEFINANCIAI.TATEMENTS31 December012I

IIIIIIIIII

2. BASIS FPREPARATIONNDPRESENTATIONFFINANCIATTATEMENTSCONTINUED)

Presentation f financialstatementsThe inancial tatements re presentedn the format prescribed y the Regulat ionn thePrescribedormand Content f the Financialtatementsf Enterprises,ooperat ives,therLegaIEntitiesand Entrepfeneurs OfficialGazerte,no. 714/2006,1,I9/2AAB, /2OIO,1O1/20I2and 118/2012).The inancial tatements re presentedn thousandsf DinarsRSD), nless therwise tated.Dinar epresentsff ic ialeport ingurrencyn heRepubl:cf Serbta.Acounting onventionThe inancial tatements re prepared nder he historicalostconvention,xceptwhen FRSrequiresthermeasurementasis sdisclosedn heaccountingol ic ieselow,GoingconcernprincipleThe inancialtatementsf the Companyreprepared yapplying oing oncern rinciple.SUMMARY FSIGNIFICANTCCOUNTINGOI.ICIESProperty,plantand equipmentProperty, lantand equipment re ni t ial ly ecognizedt cost,Self-constructedssets re alsorecognizedt costusing he sameprincipless or an acqujred sset. ost epresentshe pncebi l ledby suppl ierogetherwith aI l direct ly t tr ibutable xpendituresncurredo br ing heseassetsnto unction,After ni t ;al ecognit ion,roperty, lantand equipment re measured t cost ess ccumu reodepreciat ionndanyaccumulatedmpairrnentosses.Depreciat ionf property, lantand equipmentscalculatedsing he straight- l ine etnod oal locateheircostovertheir st imatedseful l ives,t he ol lowjngates:

IIII BuildingsProductionquipmentOperatingndbusinessnventoriesFurnitureOfficequipmentnd omputersOther quipment

2.5%5 %1A%20%25410%

Calculat ionf depreciat ionommencesn a month oJjowinghe monthwhen he asset asputin use.Depreciat ionates re evised ach ear n ordertodetermine epreciai ionhat ref lectsactuaJonsumptionftheseassets the operat ionsnd heir emainln gsefuli fe.Property, lantandequipment rewri t tenoff on disposalr i f no futureeconomic eneftts reexpectedrom i ts use,Gainsand losses n disposal r ret i rement f property, lantandequipmentthedif ference etween etsel l ing riceand net bookvalue) re recognizedn nestatement f incomeor he period.


41/60

JXnAySOKOXHqEHANOMEHE3 O14HAHCI4ICKE3BEIXTAIE31.AeqeM6ap012. oArHe

NPET'IEAHA'.IAJHXXAIIYHOBOACTBEHNONTTIKA HACTABAK)Hexpel|{HHe,ocTpoje16a,lonpeMa Hacrasax)CpeAcrso e xcfifbrx(asa 3 eBrAeHqhje MoMeHryTylle|baln, yKonxxoeHoHoMcxeopr.4crxA ynoTpe6eor cpeAcTBa.O6U4A na ry6v\h nooTn,lca cpacr8a (Hao pa3nxHa,,3Met)yHeTo npoAajHe speAHocTr,lspeAHocrx) p|43Hajyey 6LlnaHcycnexa AfoBapajyherep,4oAa.3arrxe

ce Heoqekyjy yAiheocHosy poaaje nrx KltlrfoB04craeHe

3aruxe ce BpeAHyjy o Ha6aBHojpeAHocl4,oAHocHo eHx koura$a, l4n Hero npoAajHoj3peAHOC1, 3aBTCHOCTXOjae Hrxa.Ha6asHa peAHocrk./byLlyjepeAHocro OakrypuAo6as./ba,.ta,Bo3Heea)fi6rHe,TpaHcnoprHerpourKose{Apyre3a8LlCHepOUXOaea6asHe.leHa oura$a o6yxBaTapou*or",qrp"*r"o,Marep'rjana, rpexrHofpaAa l4HAripexrHepouJxose pox3BoA|t,e,pouxoBxcy yH,/byqeHl,lqeHy (oLlTar6aHa 6a3 HopManHor TeneHackopr4uheHoc kanaqrreTa,He yx,,byqy]yhqTpoluHoBeaMaTa.Hero npoaajHaBpeAHOCTpeAcfts,."aBpeaHocr lo Kojoj 3anhxe Mory 6rr[ npoAare yHopMarHxMcnoB,lMaocnoBarba,axoHMarber6aa poulxoBepoAaje.06pa.tyH43na3aarrxa \.rspbyje eMeroAoM poceqHeoHAeprcaHeleHe.YMarbetbe peAHocrr MoBrHeHa AaH cBakof6unaNca Ta$a,ApyurTBo peIcnxryjekrbrroBoAcTseHypeAHocr soleMarepujarHeh HeMareprjarHe MoBxHeAa 6v yrspav'|o aa n,4 nocTojeuiAuKa\ule Aa jeAouno Ao ry6rfta no ocHoBy Marbeba BpeAHocrx MoBhHe. fionrxo raHBe HA kaqrjlenocroje,npoqebyje ce HaAoRHaAfiEr,i43HocpeAfisa Aa 6,1ce Mofao yTBpArr,leseHryarH,ry6liTak.AKo H,ije Moryhe npoqeHxTuHaAoKHaAusr,l43Hoc ojeArjHorcpeAcrBa,ApyllrBonpoqerbyje aAokHaA,lB,3HoceAxHhqeRoja euepru.:e oeaq,a xojoj " .p;;;;;;p;,,"O",HaAoxHaA a peAHocrje ero poAajHaeHa nr BpeeHocrynorpe6r,3aa HooATora(oraje B Ula 3a norpe6e npoqeHeBpeAHoc'1 ynorpe6x,npoqerbeHr,Jy4yhr roevarra ,oxosLrAr'1CXOHryjyeao caaaur'e BpeAHocrk p,.MeHoMAT4CKO'rHeronenpe onope3rBaH,aojaoApax(aBaaAaur6ypxr/ulHynpoqeHyBpeMeHcKepeAHoc'4 oBqa a px3r,1kenequOu,rHeaAkoJenpoqer6eHaAoHHaAxBh3Hoc peAcr'a xrh eA,Huqe oja eHep',ue oBaq) d,o, , Axrb,iaoaoAcTaeHepeAHOCTl,l/HAaCe x$fifoaoAcrBeHaBpeAHOCTOrcpeAcTBa Mabyle AoHaAoxHaAriBofa3Hoca.y6rqh oA yMa|l'e$aBpeAHocrr pr3Hajyce ogr"* *"o puaro,,1 .r ,ako cpeAcrBo perxoAHoHl-lje uno npeAMer eBanoprl3aq,4je.ToMcnyqal.y eo ry6rrRd,Aoh3HocaeBanoprj3aqxje,pr3Hajeey o{Br,1pypoMeHaa (anxrarv.


42/60

JXnAy6OXO ){rLlEI HANOMEHE3O}4HAHCI4JCI(E'43BEIIJTAJE3. NPETTEA3HAqAJHI4XPAqYHOEOACTBEHTXNO/II4TXI{A{HACTABAK)

euHaHc,rjcxl,'aHcrpyMeHTxKnocueu Kaquja e uHaHcujcK x uHcthpyMeH mdo,rHaHcrjcKa cpeAcrsa yH./by,tvjy-.AyropogHe OxHaHcrjcke flracMaHe, rorpaxraar6a,parKopo,.tHeorHaHCXjCKe nacMxracrioxkyje ohHaHcxjc*aao"oaru"'"' raJoBt4HyA roroakHcke eKB'iBa'eHte ApyulrBospeAHocr.l po3brnaHcycnexa, -j^"1...::,it oA cneAehtx Kareropnja:cpeAcrsano oepIorpaxrBan a r cpeAcru"o".noro*ll-t]lU',jU xoie ce Apxe Ao Aocneha,kpeAxr' (3ajMoBr),pyxoBoAcrso^#i,1illfiil;ljii,Lil,i_ffiffi#f,fff ;1;:*"?npu,uHaM HAqAja^Horlpr,j H B ba

auHaHctajc*e6aBe3e x,6y,ryjyAyropogHe ,rHaHcrjc*eo6aBe3e, parxopo.lHeorHaHc cxeoaBe3e, 6aae3e 13 nocnoBa$aohHaHc,rjcxe;;".; n ;;;;".1,.,::':::-ll"*"p:"" o6aBe3eApvurrso nac,o,,xyjeoar"re r"""aria*" oi * ' ' ' 'w'r|aje:oaBe3eoOep pealocrr4]po3 'naHc cnexaMemod eee,(musHeKaMdmeMeroA eoexrrBHeKaMaree MeroA .{3paqyHaBaft,aaMoprh3oBaHepeAHocr,OrHaHchjcxorpe4crBanu 0uHaHcrjckeo6aBe3eroKoMoApeDeHorepuo4a. 6exrrraxl p-acnoae/]eprxoAa oA KaMareu pacxoAa A RaMare6yAyh";.;;_;;;;;"1;; ];J,j,H'::ff:,1:;"#x;;::";:il?T,flfi?j:jHcrpyMerraru rAe e npxMaAHo,okoM_xpahefeproAaHaHerokl6rr;;;o;;"""u "p"A"o.,xHaHcujcxofpeAcrBarnuOuHaHcujcxe6aBe3

fo moauHo u aom06uHcr(u erGuadreHnMn04 roroBxHoM roroBfiHcKl_lMxBrBiHa e*vh'rM AeBu3HrM *y;;;;;;:1.":lly.inoApa3vMe'ajv ce HoBaqv 6'araiHu,cpeAcrBaraxooHBeproBar,io,;,,;r,;;.'ri;:;il"I;:#ffi:1?.i:J::ffilil?;J;il"Ji"KpedumubdjM06u)u nompo$uedr{,dnorpaxrBaFbaoA xynaqa, kpeArlr{ (3ajMosuJo.qpeArlBxMnaharbrMaxoja ce He r


43/60

II HANOMEHE3Ot4HAHCI4JCKE43EEIIJTAJE3. npErrEA 3HALTAJHXXArlyHoEoACTBEHhXnon T,,|KA HACTABAK)yMobeba spedHo cmu 6 uHdHcu c,ex cpedc maeoHa AaHcBar{oa raHca cTarba pyurBo npoqebyjeAa ,u nocTojeo6jexTrBHr,loxa3xA.a eAOUTTOO yMaHreibaBpeaHocTh4MoBr4HeorlHaHC'ljCXOfpeacfBa i| rpyne OxHaHcujckxxcpeAcraBaoc M cpeAcraBa Ka3aHrxo OepspeAHocrx po3 rnaHc cnexa;. Oe:upeleroee HaHcujckr4xpeAcra8a e BpuluxaAanocrojeo6jeKTuBHroKa3HAa cy, Kaope3yn.rareAHofunu Bu,,e Aonbaja Kojr cy ce Aecrrr_1 axoHnogerHor'pr3Haaar6aOxHaHcrjc*or peAcrBa,npoqebeHlayAyh, NostlaHrokos{ cpeAcraBa3Me$eHr.o6e3'peDe'oe hcnpaBKapeaHocrx]norpar{[Ba,oaBpu,, ce hHArpekrHo a h3HocAocnenrxorpaxraarba ojaHrcyHanraheHaArpeHrHo xo je HeMoryhHocrayoapeDeHoMneploAyoAAaryMa ocneha a n'aharbe,,,cnpaB*e peAHocr,l oro"*r""*u 11ll

x3aecHa 4 Ao'


44/60

)JKnAySOKO ){{HLIE

HANOMEHE3 OXHAHC14JCKE43BEIIJTAJE31,AqeM6ap012,.oAr4He

J,J

3 . fl PEt'rEA3HAqAJH'lX Ar.]yHOBOACTBEHX non TXKA HACTAEAXInope3HaAo6urax(HacrasaK)Od rdKeHu n opB (Hdcmaso KOAnoxeHr nope3 ce 06pa.tyHaBao nopecxxM ronaMa a xoje ce o,rekyje a he cenprMerh BaIl,1 neproAyxaAa e cpeAcrBo eanu3yje^u o6a]e3aA3MApyje, IlloH{eHu ope3ce fir6rix,, Ha eper firr4y Kop fi 6rinaHca cnexa,oo4MKaAa e oAHoc, Ha no3uqxjekojeceHrblaxe,4pekrHoxopr. icr,1rHa eperKanurana,y roM cnyqajye oAnoneHu ope3 aKobepacnopetlyje okBxpynanrlrana.nphMarba anocneHrxv cHnaAy a nponxc Ma xoj,l ce np(Mebyjy y peny6r,u\t Cp6aja,ApyurBo je y o6aBe3,Aannaha Aor'tpr,lHocepxaBH,iM OoHAoBrMakojxMa ce o6e36ebyje coqujarHa chrypHocr3anocneHux.seo6aBe3eH,rbyqylyAonp Hoce a3anocneHea eper nocroAaBqau3HocfMao6paqyHarxMo cro naMa poflrcaHuM ereBaHTH,4Ma(oHcKr,1Mpon crMa. Apyurso je,raRobe,o6aBe3Ho a oA 6pfro nrara 3anocneHux 6ycrasfi AonpLjHoce Aa ux, y aMe3aflocneH,ix/nraTr l 4MooHAoBxMa.onprHocx a epernocroAaBqa AonphHocx aTeper3anocneHore(t6r4xeHa eper pacxoAa epxoAaHa {ojxce oAHoce,Apyurr8oHxje yk.rbyqeHoApyfe o6nrj(e neH3rjjckxx /laHoBa,1HeMaNrxaKB,lx 6ase3ano

y cxnaAy a 3aKoHoM paAy npaBnHuxoM paAy,ApyurBo jMao6aBe3y a 3anocneHoMricnrarrorf lpeMHxHyphrr, lKoMArac,{a neH3ujy h3Hocypx npoceqHeapaAe crBapeHePeny6nta\uCp6uju y Meceqy xojrl nperxoAx Meceqy oMacKa y neH3xjy.ApyulrBo Hhje',r3Bpujrnoaxryapc(y npoqeHy caAauJrl'eBpeAHocni oBe o6aBe3e Hxje SopMxpanope3epa arbe oToM cHoBy.ykoBoAcmopyuTsa epyje aTaKBae3epBucar6a,koru(o6x6xra npoqeE,eHa,e 6,1 Morra Aa xMajyMaTepujarHoHa,tajaHoeKarHa OuHaHcxjckex36eLurajepyUJTBa.npLxoAH pacxoAunpxxoAr oA npoAajepo6e,npou3soAa ,j3spuJeH,4xcny|anpx3Hajy e y 6unaHcy cnexdnoAycnosoMAa cy cBxpx3r4qr4.r {opucr npeunx HaHynqa. pl,lxoAx A npoAaje eeBxAeHrpajyyMoMeHryucnopyke po6e u npox3BoAa \nu rr3BpuJer6acnyfe. nprjxoA,l ce ucxa3yjyno4a{rypHojBpeAHocrr, MarbeHojaoAo6peHe onycre nope3HaAoAaryspeAHocr.PacxoAce o6paqyHaBajyo Haqeny3poqHocTfipuxoAat pacxoAa.

JJ)

)

1 2


45/60

JKnAy6OKO )r{14LlEI HANOMEHE 3 O14HAHCI4JCKEI3 BE IITAJ31.AeqeM6ap 012. oAuHeII

II

tIIIII

3. NPET.NEA3HAqAJHHXPAIiYHOBOABEHI-4XNONUTIKA(HACTABAK)AplKaBHa aBatbaAp}|{aBHaaBarbaenp 3Hajy o0epBpeAHocfuaAa ecreKHenpaaAaHaBepeHocrAae ceApyurrBo pHApxaBarxcnoBa oBe3aH,lxaAaBa$,4MaAahe AaBarbe rirHnprlM,'beHo.ApxaBHa aBalba oBe3aHaa cpeAcrBuMa/K^y'ryjyhrHeMoHerapHaaBarba,1c(a3yjye y6 naHcycra|6a KaooA,oxeHr npfxoA no ocHoBy aBall'a,OAnolReHx prixoAr,l e nph3FalyKopr4crr{naHcacnexa oKoM op,lcHoreHapajaRa peAcrBa?ro 3a oAroBapajyhr3HocaMoprx3aqrlje/o npllHqxny yqe/sa3a|!a prlxoAa1pacxoAa,npepa'.ryHaBarberpaHe anyref loc, loBHepoMeHe acrare crpaHoj aryrxcy npepaqyHareA Hapeno cpeA!6eMypcy\,.rBpbeNoMaMelly6aHKapcxoMpxruryAeBy3a, ojue BaHxoHaAaH oc/roBHepoMeNe.CpeAcrBa o6aBe3e cKa3aHe crpaHoj Baryrx HaAaH 6u^a{ca fiat,a, npepaqyHarh y yarlHape ocpea$eM ypcy rBpbeHoMaMeby6aHxapcxoMpxxury aeB,3a a ajaaH,Herono3 n4BHe nv HerarBHe YpcHea3rr4ke/acTareprr14KoMocnosHr.{xpaHcaHqa ycrpaHoj an).rx np n KoM peparyHao3rq a 6nraHca Ta$aAcRa3aHA,crpaHoj aryTr.4,r{1614xeHeyy (op14crn Ha eper6l,lnaHcacnexa,HeMoHerapHeraBHeojece BpeAHyjysanyru pepaqyHareyno cToprjcKoMTpor!xoBxn03ajMrb14Balba

no np! lHqr lny cropr jcKof pouHa x3paxeHofy cTpaHoj' {ypcyBar l 'eheM aAaHxHHqv-drHepaHcakquje

4 .

TporuxoBu o3aM./br,i8ar6ae oAHoceHa kaMareu Apyre rporuxose Kojx Hacrajy se3,1 ano3ajM,brBa$eM peAcraBa, polJKoBr,io3ajM/'b a|saKojl,lce Mory HenocpeAHo pfin caTrlcTrlqa$y/x3rpaA't,,1'lr'v u3paay. peAcrBa oje ce ocnoco6rbaaa a ynorpe6y,yu/,bylyly e yHa6aBHy peAHocT4r11.leHy oural!aTof cpeAcrBa, cTa/l11poulRoaUo3ajM/l,rsa|ba prl3Hajyce KaopacxoA epuoAa KoMe y Hacrarr.

3HAqAJHE AqYHOBOACTBEHEPOqEHECacraB,|barbeuHaHcxjcxxx3BeLlTajaaxreBaA pyxoBoAcrBapyurrBa a Bpur npoqehe,AOHOCI4pernocrasKeHojeMory aa rMajy eoeKra la npe3eHroBaHepeAHocrr/ peacTasao6aBe3a o6eroAarbxBarbeoTeH4,4janHnoTpaxriBa$a o6aBe3a a AaHcacraa^abaO,4HaHc,4jcx,1x.43BeuTaja/ao H nprxoAa i pacxoAa Tot{y ,t3BeLl']rajHofep oAa.Ose npotleHer npeTnocTaBKey 3acHoBaHe a npeTxoAHoM,lcxycTBy/eKyhxM14oqexfiBaHxMcroB,lManocroBa$a 1 ocTa.rr, lMacnonoxusr-1MlH0opMaqaMaHa AaHcacTaa/ 'barbarHaHc ck,f{,43BeuTaja.TBapH,lervn a r MoryAacepdsn kyjy A npouerbeHxx3Hoca.Hal3Ha,rajH,l jaoApy,r ja oja oA pyKoBoAcTBaaxTeBajypuerbenpoqeHe AoHouJerbenpernocraBHupeAcras./beHayy Aa/beM eKcry:

1 3


46/60

IHANOMEHE3OHHAHC'IICKE43BEIIITAIE31.AeqeM6ap012. oAqHe

JKnAySOKOlxl4qE

IIIIIIIIIIII

4. 3HAI]AJHEAqYHOBOACIBEHEPOqEHEHACIABAK}

KopucH14eKHeHperHxHa/ocrpojerba,|onpeMeApyu.rrso poqe$yjenpeocra,n!1opr-1cHr,1eRHexperHxHa,ocrpojer$a4onpeMeHaxpajycBaRenocroaHeoar, lFe.lpoqeHa opr, lcHotexaHekperH a, ocrpoie}t,a onpeMee 3acHoBaHaarrcToprl lcHoMcKycrByacnrl !H,iM peAcrBxMa,ao r npeABxbeHrMexHonouk14MdnperKoMv npoMeHaMakoHoMrH r,1HAVcrovjcHM\a\rooayxo,1r4xoe caAaurba poqeHa a3nxKyjeA nperxoAHuxpoqeHa, poMeHe nocnoBHr4MK$vraMaapyurrBa e eBtrAeHrL4pajycknaAy a MPC8,,Pa'ryHoBoacrBeHeorr'4Tr1xe,poMeHepaqyHoBoacrBeHxxpoqeHa1meul(e",ose npoqeHe oryaa lMajy MareprjanHoFa'rajaHeoeRarHa x$'vroBoAcrBeHypeAHocr experHtlHa,ocrpoje$a onpeMe ao u Fa '13tsocaMoprx3aqujeexyher 6paqyHcxofeprloAa,YMa16elbepeAHocrnMoBxHeHa AaH6 naHca rarba, pyulrBo pulr l petneA br4IoBoAcrBeHepeAHocru arep[ja,HeHeMarepujanHe1MoB!1Henpoqerbyjean!1 ocroie NAhkaq!1jeayMarberbepeaNocrHexorcpeacrBa,lpHnxRoMpoqeR BaltaYMarserbapeaHocrr'l/peacTBa oja oToBhr'lcKeoxo6e HereHepuurye3aBrlcHooAerbyiye oaroBapajyhojeAl lHr'1qfoja eHepfue HoBaqHakNaa|]enpoMeHeAoae,rbIBaft,yea,lH14ltxoja eHep,lue osaqln11 BpeMeHyoBqaHxxoxoBa oryaa \,.rv!yHax16xroBoAcTseNypeAHocrAHocHeMoBr-1Ne14cnpaBKapeaHocrvnorpaxl,lBa16aly'cnpaBxa peAHocrr4yMrbBrx 14 cnopHux norpaHxBaEa e 3spueHa Ha ocHoBynpoqebeHux ry6 raHa ycnea HeMoryhHocl-1ynaqa Aa ucnyHe cBoje o6aBe3e.npoqeHapyKoBoAcrBae 3acHoBaHaa cTapocHojHaru3l, l oTpaxuBarbaA kynaqa, cTop,4]cR1'4MoTnhcuMa,peauTHojcnoco6HocTr4ynaqa npoMeHaManocTojehvMcnoBhMapoAaje,BoyR-Dyqyje npernocrasxeo 6VAyheMnoHauarsyxynaqa tl oqeKtlBaHoj yAyhoj Hanraru.npoMeHe ycroBrlManoc,noaarba,enarHocrl4,l,rlx r(o/lHocrMa Be3aHIM a oApeDeHe yfqeMOry Aa XMajy 3a nocneAxqyKopeKqMjylcnpaBHe peAHocTuyMrbxBrlx cnopHL4xnoTpaxLlBarba6eroAaH'eHe npunoxeH,4M HaHcrllcKr'lMBeuTaiuMa,HcnpaBHapeAHocyvacrapentx anrxa 3arrxacaycnopeHxM6proMApyurrBospur,rMcfpaBKy peAHocrx acraperxx3arfixaxao !43arhxa ca ycnopeHM o6proMnopeA ora,oApebeHeanxxe pyLurBapeAHoBaHevno | txxoBojHero poaajHoi peAHocnpoqeHa Hero npoAajHeBpeAHocrl , lant lxa 13BpueHae Ha ocHoByHajnoFAaH,j t lxpacnonoxr, lBr4xoKa3a 6peMe puebi i r lpoqeHe Ba npoqeHs 3/May o63upo'reklBaHoHperarbeeHe rpour(oBa nepfioAy aKoHaryMa r,Tancararoa 4 eHapeanHocraBlacr4oA 6yAyhvxAombajaHojx pe6aAa norBpAe cnoBeKojucy nocrojanIHaAaH6rlraHca rarba

I

I

IIIt 14


47/60

JKnAySOKO )1{Xr-lEHANOMEHE3O14HAHCI,IJCKE43BEIIITAIE31.AeqeM6ap 012, oArHe

5 .

6 .

HEKPETH14HE,OCTPOJE}bAONPEMAy xr4rbaAaMaC{Yrarurba ABaHc, ,rryt)a cpeacrBacpeAcrBa npunpeMh y{ynHo

Ha6aBfiaBpeAHocrl . jaHyap2011. oAyHeHa6aBXe roHy roArHenpeHocl4OryDe|6a,1 acxoAoBarba31.AeqeM6ap 011. oAxHe1. a{yap 2072. aAtaHeHa6a8ke ror{y oahHenanxran3aquja aMaTaoryberla q pacxoAosalba31.AeqeM6ap 012. oAxHe14cnpaBKapeAHoc7l,1. aHyap2011. roAhHeOryI)eH,a pacxoAoBa$a31.AeqeM6ap 011. oAfHef. iaqyap 2412. toAAHeOryl)er6a apacxoAoBarba31.AeqeM6ap 012. oArHeCaAaru!ba peAHocr31.AeqeM6ap 012. oALaHe31.AeqeM6ap 011. oAxHe

3M14XE

HekpeTflhHe

288323.063

323.3s1

346.001

11 npeMa

4.6694.989194.416(e),o!rr5

- 589.2372.221 516.730- (s17.1391- \4.978)

s93.906524.22a(4.s78)

1,.1,1,3.1,47262-A93

16.496{1)

1.441,6.695{8)8.128

2.227 583.850 1.113.141323.351 2A3.72522.650 98.083

301307

583.850262.893(120.733)76.4962.221 742.506 \.392.535

2.221

- 1.4412.602 4.0932.642 (8)5.526

12.734 22.570

2.60210.132 5.526lt.045(1)8.128

21.177(1)

35.304

1.357.2311.105.019

279.237 2.22r 742.506320,749 198.199 2.221

20t2. 2011.foroB14 pou3BoAr,lMarepujanAarr aBaHcl4Anar l , lhHBeHTap

5.3814.294981819251

4084.7344577201436.4621,726


48/60

J(ngvSoKo lKt4qEHANOMEHE3O14HAHCI,.IJCKE43BEII.JTAJE31.AeqeM6ap 012. oAxHe

NOTPA)I{14ATbA

20L2.y xrrbaAaMaCA2OLL.florpaxrBar6aoA xynaqa:

- y r,rHocTpaHcTByOcrara notpaxMBa|5aM14Hyc:,lcnpaBKapeAHocru

34.729396.1771.334

29440.945(13.589) 1.632lr7)

C.lapocHarpyKrypa orpax(|,lBa|baHaMeAehI Ha']14H:

0-30aaHa30-50AaHanpeKo 0AaHa

CralbeHano,{erKyoA,{HeHOse,lcnpaBXercxy foauHeCrarbeHaxpajy roAuHe

HaAaH 1.AeqeM6pa012. 20 11 .roavHenpeAcTasrbeHae

y xrrbaAaMaPCA2012- 20Lt.25.921t.34273.682

1.61517

40.945HaAocnenanorpaxuBarba pyurrsoHe spLUr,46pa,ryH are3He aMare,Hannara orpax[aaFbaH je o6e36ebeHaeperoMHaxMoBr4HyAyxHxKan jeMcrBoMpehe n a'{a.flpoMeHe a cnpaBq,4 peAHocrx orpaxtBa|ba3a2OL2. 20L!. roAu{ycy 6xne cneAehe:

y xrirbaaaMa CA20L2, 2077,

1713.689 L7


49/60

I tKnAysoKo ltfl4qEHANOMEHE3 O14HAHC14JCKE43BEIIJTAIE31.AeqeM6ap 012. oAtrie

18. KPATKOPOqHI4OI4HAHCI4JCKINTACMAHI4

9, IOTOBI4HA TOTOBI4HCKI4HBI4BA,,IEHTI4

Opo,reHI eno3rr xoA6aHaKaKparKopogHeo3ajMxqe 3eM,rb

opoeeHx en03urx oA aHaKaojuHaAaH 1.AeqeM6pa012.PCAoAHocece Ha opoqe$e cpeAcraBa PqA Ha 21 AaH xoA

?OLL.0L2.I 5.0001.100IIIII

llll

6.100roArHe x3Hoce .000xr,raAanocroBHe aHKe a 0xxoroM

y xrrbaAaMaPCA2012. 2071.AeBl13HIaqyHtTexyhxpaqyH,.l3ABojeHaoB.raHapeAcft

13.3894.51250682.41650

il

17.951 2.534

OCHOBHT AN'ITAJIOcHoBHr4aflhra,ApyurBa cka3aH aAaH31.AeqeM6pa012. oA[He u3Hocy A 538.364xx,'baAePCA 2011. foAr.iHe 421.402xurbaAePCA)npeAcraB,'baanxranApyLrrBa HoBLtyynnaiero4 crpareocuraava,CrpyKrypaanrranaApyurBaHaAaH31.AeqeM6pa 012. oAu9eAarae xao urrocreA,.r:

y EYP y000 PCI %yAena y EYP y 000PCA %yAera

OnurxHa 4Ba|6uqaOnurrxHaoxeraOnuruHa ajhHaaurraOnurruHa'ly,raHrjOnur Ha ajeruHaOnurvHa ocjep

L.606.2921.428.811609.530555.748501-369423.683340.620268.910240.424

742.665162.44263.199s7.01548.18138.73s30.s8027.346

26,4810,24

5,704,50

1.329.7267.115.274497.902419.403369.860292.orc281.392226.L39202.473.03

t5t.2t4 28,09726.828 23,s656.621 14,5247.694 8,8642.460 7,8133.208 6,1731.999 5,9425.116 4,1A23.025 4,28100.975,747 679.556 100 4.734,199 s38.364

17

l


50/60

I

III

1 1 .

JKnAySOKOlt{t4tlEI

I

HANOMEHE3 O14HAHCI4JCKE43BEI.IJTAJE31.AeqeM6ap 012. oAuHe

HEYN/IAIEHT NTCAH14AN TMHeynraheHt4nrcaHu anrran pyurBa cKa3aHe HaAaH 1,AeqeM6pa012. oAxHe r3HocyoA 73.336 urbaAaPqA(2011. cA,aHe 178.030 ,4,'baAaCA) npeAcraB./baieynraheH,l .r3HocoA crpaHe cHhBaqao ocHoByrosopa ocH,4aaby,3rpaAtnt4 kophuhe$yPef[oHanHecaHrlrapHeenoHrje ,Ay6oko" A 13.oxro6pa2005. oAuHe.HeynnaheHrinricaHu anhranocHhBaqxyAylr{H AaynnareAo 3a8purerka pojeRra 3maArbepefroHanHeaHxTapHeenoHrje,CTpykrypanMcaHof eynraheHor anvranaApyurfta Aara e y HapeAHoMperneAy:

2011.

IIIIII

TpaAYx14qelpaAqa,raxOnurxHalygaHhOnur HanoxefaOnurxHa ajrHa auJTaOnur{Ha l BarbxqaOnurxHa pu,tbeOnurrxHaocjepxhOnurriHaqajeruHa

71.95712.14810.9559.7949.7086.2293.0371.8851.523

36.63846.10217.04320.71919.54677.82s8.1095.6037.04573.336 178.030

12. AvrOPOqHt4XPEAl4Ttl

2072.y xr,r^,aaaMaCA2011..AyropoqHxKpeAur,lTexyhaAocnehaAyropoqHx xpeArra

419.665(104.916) 292.490(s8.498)3r4,749 233.992

O6aBe3epyurBano ocHoBy yropoqHr.4xpeAfira aAaH31.AeqeM6pa 072, oAuHey rcHocyoA 419.665xtrrbaAaPCA 2011.roAuHe 292.490xt rbahaPCA)y nornyHocru e oAHoceHacpeAcTBa406peHa A crpaHe BponcHeaHke a06HoBy pa3BojyAa, 'beMeKcry,,EBRD")cBpxeoMHaHca+,a 3rpaarbeerhoHanHecaHapHeAenoH/je.f(aMaTHaTonaHa oAo6peHa peAcrBaHaAaH64naHca rarbax3HocuEyPly'SOP+3%oAxurlbe(2011. oAxHe EyPl.46OP+3%oAr-lurR,e).Llero{ynaH 3Hoc 6aBe3a o ocHoBy yropoqHxx{peAxra eHoMl,lHr/paHe y EyP,

1 8


51/60

lKnAyEor{oxr4r-lEHANOMEHE3 O14HAHCI4JCKE'I3BEIIITAJE31.AeqeM6ap 012. oAuHe

IIIIITtII

LZ. AYfOPOLlHl,l PEAHTxHACTABAK)Crpyxrypa ocneiao6ase3a o AyfopoqHxM peAurMa HaAaH3l AeqeM6pa 012 t42011roAuHe ara e y cneaehoj a6enM:

y xr,irbaAaMaCA2072. 2017.Ao l roAuHeOA1Ao 2 rcArHeO A 2 A o 5 f o A h H a

TekyhaAocnehaAyfopoqHtix (peAfiTaocrane RparxopoqHeO,4HaHc,4jcKe6aBe3e

104.916104.916209.83358.49858.498175.494

OSABE3EOIECEMOTYKOHBEPTOBATI4KANhTAJlO6aBe3e oje ce Mory (oHBeproBaru xan/TarlHa AaH3l AeqeM6pa2012, roAt'1He3|oce32.684 rlbaAe PCA 2011. oAAHe 27.238xutbaAa qA)x oAHoce e HaynnareocHuBaea ojeAOAaHa r,1naHcala$a HMcy errcrpoBaHe oAAreHqxjeanprspeaBepervcrpe

KPATKOPOqHO14HAHC14ICKESABE3Ey xhrbaaaMa CA2012. 2011.

III14.

104.91555 58.4985 5704.971

15. oSABE3E 3 nOCIOBAIbAy xrrbaAaMaPCA

2012, 2017.O6ase3epeMa o6aBrba,rt lMa:

nprlM.rbeHuBaHcxs8.698 5 5 . 1 1 93.097

58.713 s8.216

19


52/60

JKnAySOKO)t{ tlEHANOMEHE3 O14HAHCI,'IICKE43BEI]jTAjE31. Aeqe! 6aq 2012. toA(Re

IIIIIIIIIIIllllllll

15. OSABE3EOOCHOBYJABHTXPTXOAA NBP

2012. 201L.OAno}l{eHrlpxxoAr,i1npxM.rbeHeoHaqr4jeYHanpeA 6paqyHar/TpourKoBr,lOcrare 6aBe3eo ocHoByjaBHrixpuxoAa

np xoAr4AycnyranprxoA'4 AnpoAajepo143BoAa

408.138492124366.95431468

404.754O6aBe3e o ocHoByoAnoHeHux p[xoAa M np MrbeHUx oHaquja oje Ha AaH 31. AeqeM6pa2012. roAxHe fi3Hoce408.138 xHrbaAaPCA(2011. roAxHe - 366.954 xx.tbaAePCA)oAHoce ce HaAoHaqxje pf iMrbeHe a x3rpaArby efnoHanHeaH rapHeAenoH je.

NPHXOAI4ANPOAAIEy xr4/haAaMaCA20L2. 2071.

17.

19.

90.38511.345 7.974101.730 1.970

18. OCTMI nOC/|OBHXPUXOn

f lpr ixoA,oA nprMrbeHkx oHaquja:- noBe3aHatpaaHar lqa- ocTaIanpaBHar i laOcranr nocnosHu nphxoALi

2072,y xxrbaAaMa CA201L.

18.821313

32.a979.66031042.927

TPOIIIHOB14ATEP'IJMA

TpourHoB opi,4a eHeprrljeTpourxoBr,iarepujara3a x3paAy

y xrrbaAaMaPCA201t.012.12.7866.080 2.7I04.400

6.5108,266

20


53/60

I rKnAv6oKoxr4r-lE\\h\t\$,t\\t'raS\h\\\YS\A\fKt\A3Rt\Sl$t31.AeqeM6ap012.oArHe

TporxKoBl4 APAlA 4oqrA.n r r{Ht4PACXOAXy xnrbaAaMa CA20L2, 20!!.

TpouxoBUHero3apaAaTpour|{oB|,lope3a AonpuHoa a3apaAeOcralv tA.'/Hpacxo$t426.06312.2194.546

10.6405.9142.611

I42.888 20.225

) xllrbaAaMaCA2012. 20T.1.lilL

z!. ocTM nocroBHx Acxonu

TpourxoBUcry|a o6e36elle$aTpourRoBr,rcTa''{x cyraTpouJ(oBxcry|a oAp)l{aBat6aTpaHcnoprH14pou{osl,1Tpou.r{oB{ enpori3soAHxxcnyraTpourxoB14oMyHanHfiycnyfaTpour{oBrlMoHr,4ToprHraTpourxoBxeKnaMeTpor!l


54/60

J(n AyEOKO)KXr.lEHANOMEHE3 O'IHAHCI,IJCKE43BEIIITAIE31.AeqeM6ap 012' oAnHe

l

l

23, OCTMI4 PACXOII4

Ao6urax/(Ty6xraK)peonope314BatbaKopekquje acranHepa3nIKeKopekq a 3anphBpeMeHea3nrke:- pagyHoBoArBeHanopec(aaMop-lt43aqrlja- nope3h {Aoflpt4Hocr.lflopecKu y6rrrak

PacxoAl, o ocHoBy 6e3Bpellet6aorpa{rBarbaOcranI pacxoAt

20L2.yxwbaAaMaPCA20L1.17813.672358

14.040

NOPE3 AAO6}4TAKycarrauaBa16eAo6t{txa/(ry6rrxa)npe onope3taarba nopecxeocHoarqe

y xrftaAaMaPCA20L2, 20LL.s.498622

123.704],27

(18.367)489(29.s91)28147.44L1

npeHerunopecxu y6nqrlflperneAnopexvx y6hraKapeHerraxa3 aril4jnx ocrloaH,lxoAYHa poKoBMo KaAaMoryaa6yAyhcKopxuheHIAarla yy cneAehojra6erx:

y xrrbaAaMa cA20t2- 2011.oA eAHeAo ner rcAxHaOANETAO ECCTcAUHA

oAjeAHeAo ner roAvHaoA neTAoaecer roAtHa

y xrrbaAaMaPCA20!2. 2011.

71.86018.517 54.30318.51772.820

HexcxopxurheHnopecKtkPeAhflflpe eA HeMcKopuurieHMxopecKrlx peAlra h poKoBr/ o xaAaMoryAa 6yAy xcHopxuheehnplxa3aHMy 8aoLllTo neal4:

55294.566 55203.732203.78794.621

22


55/60

II JKnAySOKOxt4t-lEHANOMEHE3 O14HAHCI4JCKE43BEIXTAJE31.geqeM6ap 01.2. oAhHeIItIIII

TPAHCAHqXJEAnOBE3AHXMhtlxMAy oxBr,rpyBoj x peAosHrxnoc/loBHr4xfilaBHocrx pyurBo06aB,6apaHcal


56/60

Ill

rKnAysoKo xxqEHANOMEHE3 O|,IHAHC14ICKE3BEIIJTAJE31.AeqeM6ap 012. oArHe

YNPAB,TbA}bE 14HAHC14JCX14M14314LIXMAHACTABAK)Tpx,rurHx pl,i3r,rxTpxuruH|,l pr,r3r.ixe oAHocr,iHa pr3xx Aa oApebeHe npoMeHe rpx{r4urHx qeHa, xao u]ro cynpoMeHe kypceBa crpaHfix Banyra npoMeHa xaMaTHrx crona, Mory aa yT,4'ryHa 8!cr1Hynp,4xoaaApyurrBa r4r14BpeaHocr rbefoBr,lxOuHaHc,4jckMxHcrpyMeHara.3aAaTax ynpaB,,ba$aTpxr,lruHrlM h3rqxMa jecTeAa ce ynpaB.rha1 xoHTpo/L4ute'l3noHeHocT pxr4luHxMpx3r,ltlrMayor{8xpy npxxBar/b14B noka3are/ba/y3 onT,4Mr3aqrjynp Hocai4pyulTBa,

l -43roxeHocrpyurrBa eBl43HoMx3xky npBeHcTaeHoe oAHocLi axpaTxopoqHe xHaFchjcHernacMaHe/noTpaxtaatt ,a, o loauHy u roroauHcxe xBLlBa/ leHTe/yfopoqHexpeAuTe, cTareAyfopoqHe 6aBe3e r


57/60

It JKnAySOKOlt{l4tlEHANOMEHE3O14HAHCI,lJCKE43BEIIITAIE31.AeqeM6ap012. oArHeIIIIIIII

ynpAB/bAtbEoHHAHCHJCKt4Mt4314t-lt4MAHACTASAK)Tp}|{xrirH14x3rx (sacraBax)KaMamHu pu3u,< Hdcmd eoK

Q,rHaHcr{jcKa peAcrBaHekaMaroHocHaRaMaroHocHaO xcHa aMarHa rona)

OrHaHc jcxe o6aEe3eHEHAMATOHOCHEKaMaroHocHeBapuja6LinHaaMarHarona)

2012. 2011.

46.301s.000 4.1494.r49

96.346419.665 87.9s8292.494380.448

IIHapeAHaa6enanp,4xa3yjeHanu3y cer./br4BocrMeroA06,4TKaa exyhYnocnoBHyoAxHyHapeanHoMorynenpoMeHe KaMarHxMronaMa a 1o/o'2017.oIv'He 1%),no,reB A 1. aHyapa.noBeha$e AHocHoMarberbeA 1% npeAcraB,'baeanHoMoryhy poMeHy aMarHtlxrof la/xMajyhf i shAy nocrojehe pxr, l r lHe cnoBe. BaaHar,13ap MebeHa e Ha OuHaHccRer4HcrpyMeHrepyuJTBa ojl4 y nocTojan,lHa AaH6rnaHcacTa!6au npernocraBrba a cy cBeocrane aprja6ne enpoMe$eHe.

2012.y xnrbaAaMa CA2011.II

tI

+1% -1%L% +!%OuHaHcxjcKe6aBe3e \4.797)

14.197)\2.925)\2.92s)

4.r97 2.9254.r97 2,925

KpeahTHr,rr,r3rxApyuJrBoe x3noxeHo xpeArrHoMpr13r4xyoj'4npeAcraB.rba!13xkAa AyxHr1q,1 ehe611T14MorytrHocr|4a AyroBarba peMaApyurrBy 3Mvpe nornyHocrr4,rHaapeMe/ JTo6u uMaro3ape3ynrarOrHaHcrjcxri y6MraKqpyurBa, {peAxrH pr3r,lr( 6yxBara yropoqHe 1HparkopoqHe0,rHarcf jcKenacMaHe,orpaxxBarbaAare apaHq,l je eMcrBapehhM rqfiMa,y Peny6nvqx p6xjx He nocroje nequjan!13oBaHeejruFtafeHqujeHojeBpue He3a8xcHyKrac' louxaq,i jy, lpaHrxparbepuBpeAHuxpyuraBa.cneAro|a/ ApyturBoe np HybeHo aKopr4c oc-raneaBHoAocrynHe uHaHcxjcHeHoopMaqe (Hr'rp. oAarKe 6oHureryBojeIrpyxa AreHq a 3a nprBpeAHe effcTpe) 4 rHTepHe cTopujcke oAarRe cap.AHru aoApebeHM nocnoBHr4MaprHepoM qx/by oApebvBaba beroBor oH rera, Ha ocHoBy6oHxrerakynqa,yrBpbyjece [3Hoc $eroae MaKcLlManHepeA He u3roxeHocrr,], cknaaycafocroBHoM orr4rr4r{oMcBojeHoMa cTpaHe yxosoacTBaApytuTBa,y'3Hoc axcMarHekpeAurHe ^oxeFocrl , eBAupa eHajMabejeaFoMoAr/ur6e.


58/60

l HANOMEHE3 O}4HAHC14JCKE43BEIIITAIE31.AeqeM6ap 012. oArHeJKnAyEOKOU1{l4r-lE

l

I!l

II

26, YNPAB'bA}bE 14HAHC14ICK14PX3Hq14MAHACTABAK)KpeAhrHx h3ux (HacraBax)y cny.rajy oBehatba 3HocaAocne/lhxnorpax[Barbav cxoAHo oMe noBehaHe3roxeHocrr4KpeAvrHoMr,13fixy,pyurTBoprMersyjeMexaH3MenpeAsl4beHelocnoBHoMorr4Tr'lxoMApyluTBoHeMa3HaqajHt l jy oHqeHrpaqt l jy peAxTHof r43uRa, jepe $eroBa noTpax sar6aunnacMaHu AHoceHaBenr lKt4poj MebYco6Ho enose3aHhxynaqa a nojeAt lHa' lHo anr lMrl3HOCl,4MayrOBarba.Pya|,rr nr{r


59/60

tI JKnAySOKOllfl4r-lEHANOMEHE3O'IHAHCI4ICRE43BEIIITAJE31.AeqeM6ap 012. oAHHeItIIIIIIIII

21.

29,

YNPAB/bA}bE I4314KOMAN TA'IAy nocrynkyynpaB.rbabaanurarHriMph3r,lxoM,yt(oBoAcrBoApyurBa xMa 3a q ,6 oqyBa$eMoryhHocn4 a nocnYjeno npuHquny ranHocr'1 ocnoBar}.a,croBpeMeHoMaxctlMr43LlpaiyhtinprHoceBracHrl lMa x ApyrxM 4HTepecHrlMTpaHaMa\,teM nTuMu3aqtl leAHoca yra lkar4Tana.yHoBoAcrBopyurlsa pelneAaTpyxrypyafx ana a lopl lJroojocHoB14.ApyurrBo Han13,4paanhrarKpo3 o(a3are./baAyxeHocr,4.BajnoKa3are/'b3paqyHaBae KaooaHocHero 3aAyxeHocTr,l.1 (ynHof RanrTana. ero 3aAy)t{eHocre o6paqyHsBaako ulro ceyHynHexHaHcrjcxe 6aBe3expaTxopoqHeAyfopo'rHe)Marbe a rorosl lHy roToaHcKeeKBrlaareHTe.KynaHxanhran npeAcraB,rba6 p cBrrxxarefopxja (aflrTara np[Ha3aHhx6H,1aHcy-rarba Hero3aAVxeHocltl,noKa3are^,1 aAyxeHocrxHaAaH31.AeqeM6pa 072. 2077. oAvHe y 6ur'A.^eAeht4l

y xr4rbaAaMaCA20L2, 20r!.vkynHa aayHeHocrf oroBxHa roroBMHcKl, lKa,4BareHTl

Kan{Ta/lyRynaH anuTa/ llloka3are,'b3aAyxe Hocrr.l

NPEY3ETE SABE3E

452.404t7.951 319.7832.534434.453571.674 317.249553.908

1.006.127 plLs7,36,42%3,1804

28,AaHa20. Mapra 2008. foAuHeApyurrBoe norflucanoYtoBopo KpeAMry a EBRD_oM B MyroBopoM pyurTsoe npeFenoo6aBe3y a HaxoH,4cnyEeEaApebeHxxcnoBa A EBRDnoByqe3Hoc o 5.000.000 yP cBpxe xHaHcxpa$a3fpaArbeKonouReenoHri je.ep!1oAornnaTe peauTae ner roAl4Ha o xcrexy pejcnep,loaa.yKynaH3Hoc oBy,reHorpeArra aAaH 1.AeqeM6pa012. oAriHelsHocu.42I123EyP

OEPBPEAHOCT14HAHCHJCK14X4HCTPYMEHATAHaAaH31.AeqeM6pa oI2. A 2011. oAvHe pyurrBo uje Mano0uHaHccxtlx peAcraBaio6aBe3aoja eHakoH oLrerBofpu3HaBa$apeAHyjyo OepBpeAHocl4.K16,4rosoAcrBeHepeAHocrriOrFaHcrjcKtrx HcrpyMeHara 6enoAarheHe 6|anaHcy larba,qpyurBa oaMoprx30BaHojBpeAHocrxpx6ntlxHoyjeAHaKe!xxoBxM ep peAHocruMa.

21


60/60

JKnAySOXO}KXqEHANOMEHE3 O14HAHCI,IJCKE43BEIIITAJE31.AeqeM6ap 012. oAhHe

I30. noPEcKx P143Uqh

nopeck, nponrlchPeny6nv(eCp6,aje e qecropa3r,r'fl.4ToryMaqe npeAMer y ]ecrnxu3MeHa.TyMa,{erbe opeckr,rx ponrca oA crpaHe nopeck,rxanacrx y oAHocy Ha rpaHcaKqujeuax afl(rcTr pyurua Moryce pa3nMxoBaT,rAryMagerba y(oBoacfta,ycneArcra, TpaHcaRqemory 6rfl ocflopeHeoA crpaHenopeckvxBnacrux ApyurrByMor{e 6nx oApebeHAoAarHulGr oc nope3a,Ka3H, ,r aMaTa. eproA 3acTapenocruopecKe 6aBe3ee ner roA/Ha/oAHocHonopecKe nacTx MajynpaSo a oApeAennaharbe ex3MvpeHxx6a3e3a por{yoA ner roarHaoA {a,qe o6ase3a Hacrara,

YCAffAUIABA}bE NOTPAXI4BA}bA14OSABE3AApyu.nBoe Hlsplllrno ycarrauasarbecBojuxnorpaxrlsaEa u o6aae3a a crarbeMHaAaH31,Ae4eM6pa 012, 11 011, roAhHe. nocrynky cafrauaBari,a a noc/roBHr.4MaprHepxMa/ xcyyrBpDenaMareprljarHo HaqajHa eycarnaureHaorpaxl,lBari,a o6aBe3e,

37.

3Z AEBI43HIl YPCEBI4CpeAr6xKypceB,r a AeB,lse/ rBpDeHIHa Meby6aHkapcKoMpxr,ruryAeB,43a,priMe]beHx anpepaqyH eBrl3Hr4xo3xq,4ja ,oaHca crarbay AuHape, a nojealrHe iasHe Baryle cy 6a1h

2012- 20tt.EYP 113,7183 104,5409

finansijski izveštaji za poslovnu 2012. i izveštaj nezavisnog revizora

Documents