Annual report 2012

34. Related party transactions

Related parties of Group companies include the Republic of Slovenia, as the majority shareholder of Telekom Slovenije, and other shareholders, members of the Management Board and the Supervisory Board and their family members. Group companies’ transactions with related parties are subject to normal market terms and conditions as applicable for non-related parties.


Transactions with related individuals

Natural persons or individuals (the President and members of the Management Board, and the President and members of the Supervisory Board) hold a total of 895 shares in the Company, representing an equity holding of 0.0137%.

In 2012, no loans were granted to related individuals.

EUR thousand 2012 2011
Management Board 880 824
Supervisory Board 170 118
Total 1,050 942


Data on groups of persons

*from 1 September 2012 to 31 December 2012
** from 1 January 2012 to 31 August 2012
      Loans
EUR thousand Total receipts Participation in profit based on the decision of the General Meeting of Shareholders Outstanding as at 31 Dec 2012 Repaid in 2012
Members of the Management Board - total 880 - - -
- Rudolf Skobe * 53   1 1
- Ivica Kranjčević** 157 - - -
- Zoran Vehovar 165 - - -
- Marko Boštjančič 169 - - -
- Zoran Janko 169 - - -
- Darja Senica 167 - - -
Members of the Supervisory Board 170 - - -
Other managers and staff employed under individual contracts that are not subject to the tariff part of the collective agreement 4,909   62 45

Loans to other managers and employees under individual employment contracts were approved at interest rates ranging from 4.13% to 5.45% p.a. with repayment terms of 5 to 20 years.

The Company has not granted any advances or guarantees to the respective groups of persons, nor discloses any liabilities.


Remuneration paid to members of the Management Board

*from 1 September 2012 to 31 December 2012
** from 1 January 2012 to 31 August 2012
EUR Salary Other earnings Reimbursement of costs Holiday pay Insurance premiums Benefits Other payments-PDPZ II Total
Rudolf Skobe* 49,803 0 662 0 160 1,298 919 52,842
Ivica Kranjčević** 108,862 37,352 851 0 1,513 6,520 1,837 156,935
Zoran Vehovar 152,381 0 2,119 0 1,408 8,369 1,378 165,655
Marko Boštjančič 152,128 0 4,193 0 968 8,940 2,756 168,985
Janko Zoran 155,708 0 1,500 0 479 8,687 2,756 169,130
Darja Senica 153,474 0 2,148 0 1,157 7,174 2,756 166,709
Total 772,356 37,352 11,473 0 5,685 40,988 12,402 880,256

Members of the Management Board did not receive any shares in profits, options or commissions.


Remuneration paid to members of the Supervisory Board

EUR Attendance fees Monthly salary Committees Travel allowances Total
External members          
Tomaž Berginc                3,784 17,875 1,716   23,375
Tomaž Kalin 3,124 14,575 2,376   20,075
Marko Hočevar 3,960 12,375 1,100   17,435
Jaroslav Berce 3,740 13,475 1,760   18,975
Nataša Štelcer 4,235 12,100 880 1,124 18,339
Franci Mugerle 3,685 12,100 1,100   16,885
Internal members          
Milan Richter 3,135 14,300 2,365 130 19,930
Martin Gorišek 4,235 12,100 1,100 131 17,566
Branko Sparavec 4,235 12,100 1,100 418 17,853
Total 34,133 121,000 13,497 1,803 170,433   

Members of the Supervisory Board received no other payments.


Transactions with the Government of the Republic of Slovenia, and entities and institutions under its control

Group companies provide telecommunication services to the Government of the Republic of Slovenia and various entities, agencies and companies in which the Slovenian state is either the majority or minority shareholder. All such transactions are concluded on normal commercial terms and conditions that are not more favourable than those available to other customers.

In 2012, revenue from sales to government organisations was generated in the amount of EUR 28,112 thousand (2011: EUR 22,138 thousand). The Group does not monitor nor collect information on sales to companies owned or partially owned by the Republic of Slovenia or entities under its control. Accordingly, the information on such sales has not been disclosed.