Annual report 2012

32. Related party transactions

Related parties of the Company 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. Company's 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 0.01%. In 2012, no loans were granted to related individuals.


Remuneration paid to members of the Management Board and Supervisory Board

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
EUR thousand Total receipts Participation in profit based on the decision of the General Meeting of Shareholders Loans
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 - - -
Člani nadzornega sveta 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 1,178 170,433

Members of the Supervisory Board received no other payments.


Transactions with Group companies

EUR thousand  2012 2011
Receivables due from Group companies 198,314 199,775
GVO 7,873 5,855
Avtenta 4,321 5,136
Skupina TSmedia 3,299 907
Skupina Ipko 128,378 133,968
Soline 1,613 627
Siol Zagreb 157 183
Digi Plus Multimedia Skopje 9 57
Aneks Banja Luka 12,026 12,391
PrimoCommunications  674 2,766
One 39,696 37,885
Siol Sarajevo 258 0
Gibtelecom Limited 10 0
Liabilities to Group companies 28,178 25,195
GVO 7,831 8,644
Avtenta 9,013 6,516
Skupina TSmedia 4,767 4,346
Skupina Ipko 1,499 1,614
Soline 122 23
Siol, Zagreb 22 43
Aneks, Banja Luka 633 580
Primo Communications 108 222
One 4,183 3,205
M-Pay 2 2
Revenue from sales to Group companies 18,353 19,908
GVO 5,706 5,210
Avtenta 708 769
Skupina TSmedia 1,982 2,860
Skupina Ipko 5,021 5,548
Soline 54 50
Siol, Zagreb 7 3
Digi Plus Multimedia Skopje 31 9
Aneks, Banja Luka 626 842
Primo Communications 232 427
One 3,944 4,190
Gibtelecom Limited 42 0
Purchase of goods and services from Group companies 72,226 74,256
GVO 8,240 8,341
Avtenta 6,143 6,522
Skupina TSmedia 17,916 19,788
Skupina Ipko 18,140 20,794
Soline 297 381
Siol, Zagreb 285 237
Aneks, Banja Luka 8,935 7,651
Primo Communications 842 2,118
One 11,418 8,418
M-Pay 10 6

Telekom Slovenije, d. d. generates rental income from the renting of business promises, property, plant and equipment to GVO d. o. o., and revenue from the provision of telecommunication services and support services. The Company pays for the construction and maintenance of telecommunication capacities.

The TSmedia Group pays for telecommunication services, support services and rent for business premises, and charges the parent company the costs of sales, development and administration of multimedia services and content, and services relating to the telephone directory.

Telekom Slovenije generates income from Avtenta for the provision of telecommunications services on location and support services. The parent company pays for computer support services.

Receivables from the Ipko Group are mainly from long-term and short-term loans and interest. Telekom Slovenije pays for international IP services, roaming, transit calls, and other services.

Receivables from On.net d. o. o. are mainly from long-term and short-term loans. Telekom Slovenije pays for international telecommunication services and charges for leased lines.

Telekom Slovenije’s receivables due from Aneks include a long-term loan, payments for the lease of international IP services, while the subsidiary invoices the parent company for the lease of lines and the provision of international telecommunication services.

The aforementioned intragroup transactions are concluded on an arm's length basis.

As at 31 December 2012, Telekom Slovenije granted guarantees for the following subsidiaries: One (EUR 4,200 thousand), Aneks (EUR 2,857 thousand), Avtenta (EUR 756 thousand), Soline (EUR 600 thousand), Primo (EUR 174 thousand), and GVO (EUR 15 thousand). 


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

The Company provides 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 such as are not more favourable than those available to other customers.

In 2012, Company generated revenue from sales to government organisations in the amount of EUR 28,112 thousand (2011: EUR 22,138 thousand). The Company 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