Annual report 2012

About the annual report

Principles of reporting – a new step towards integrated reporting

Reporting on the financial results and operations of the Telekom Slovenije Group and Telekom Slovenije is based on the applicable national laws and the International Financial Reporting Standards, while reporting on sustainable development and corporate social responsibility is based on the international Global Reporting Initiative (GRI) G3.1 Sustainable Reporting Guidelines. The purpose of reporting is consistent data that is comparable in both year-on-year terms and global terms. 

The converging of reporting on financial and non-financial performance indicators in a single integrated annual report is the Group's response to changes in the business environment and to the increasing demand of markets, regulators and society for information regarding operations, provided in a way that reflects the economic, social and environmental context in which the Group operates. Integrated reporting has been upgraded for the second consecutive year. The focus is on content important to the Group’s stakeholders, while efforts are being made to improve the clarity and transparency of the presentation of that content. 

Drafting of the annual report and the scope of sustainable development reporting 

The annual report is drafted by collecting data using a structured questionnaire, while the content is prepared by experts from individual areas. The Accounting and Controlling Sector and the Public Relations Department coordinate the preparation of content and the drafting of the report.

The Group reports on sustainable development in the scope of the annual report for the previous calendar year, most recently for 2011. Reporting on non-financial indicators relates to the Telekom Slovenije Group, except for content where standard reporting guidelines are not yet in place for the entire Group. In such cases, the data relate to the parent company, as explained specifically. In addition to reporting at the Group level and at the level of the parent company Telekom Slovenije, sustainable development reporting is limited to companies in Slovenia (GVO, Avtenta and TSmedia), and the foreign subsidiaries One and Ipko. From an accounting perspective, the aforementioned companies represent the largest business segments (Slovenia,Macedoniaand Kosovo).

There were no significant changes in data from previous years. If changes occurred in a methodology used to disclose data, those changes and the reasons for those changes are clarified in the accompanying comments. 

Focus on essential content

The report focuses on content that is essential to the Group’s stakeholders. Content is defined on the basis of the Group’s strategic objectives until 2016 and on the known interests of stakeholders. Content is also in line with legal requirements. 

Content includes the following:

  • Long-term profitable growth.
     Analysis of financial performance indicators, sales and the achievement of strategic objectives until 2016.
    Investments that contribute to long-term growth.
  • Optimisation of costs.
    Activities and projects to increase operational efficiency. 
  • Development of technologically advanced services and networks.
    New technologies, products and services with an emphasis on services that increase user mobility.
    Investments and activities to modernise networks.
    Friendly and secure user experience.
  • Corporate governance.
    Functioning of management bodies and activities aimed at the strategic coordination of subsidiaries’  operations.
  • Employee development.
    Employee development activities aimed at re-engineering business processes and increasing labour productivity.
  • Operations according to the principles of sustainable development.
    Long-term achievement of profitability and business excellence.
    Measurable impacts on the economic, social and natural environment in which the Group operates.     

Verification of reporting

The sustainable development report is submitted for independent external verification, which includes the verification of reporting according to the GRI guidelines