(ABSTRACT) Ljubljana, October 2012

Transcription

1 (ABSTRACT) Ljubljana, October 2012

2 COMPANY PRESENTATION PERSONAL DATA Name Športna loterija in igre na srečo d.d. Abridged Športna loterija d.d. Headquarters Dunajska cesta 22, 1000 Ljubljana, Slovenija Legal form Joint-stock company Activity organizing games of chance, except in casinos Registry number VAT number SI Registration Regional court of Ljubljana, Web No. of employees 29 on 31st of December 2011 ACTIVITY Basing and prevailing activity is organizing classical games of chance. AUTHORISED CAPITAL AND SHAREHOLDERS STRUCTURE Authorised capital ,48 EUR Number of shares of ordinary shares Shareholders Slovenian ski association 3568 (20,00 %) Slovenian Olympic committee 3568 (20,00 %) Post of Slovenia d.o.o (20,00 %) Loterija Slovenije, d.d (20,00 %) Probanka d.d (17,30 %) Mont d.o.o. 475 (2,66 %) Alpine ski club Kranjska Gora 6 (0,03 %)

3 COMPANY PRESENTATION LIMITATION OF SHARES ASSIGNMENT Corporate body may acquire or expropriate operator s shares only upon preceding consensus of minister of finance, otherwise deal is null. COMPANY S MANAGEMENT Company s organs assembly, supervisory board, management board Supervisory body It currently consists of 5 members ( ) President dr. Tone Jagodic Members shareholders' representatives Aleš Hauc mag. Mateja Režun mag. Matija Vojsk Government representative Marko Rajšter Management board Janez Bukovnik, president of the board Anton Černe, member of the board Tomo Šeme, member of the board 3 ANNUAL REPORT 2011

4 MISSION Športna loterija meets players needs for classical games of chance, thus enabling stable financing of sports, invalid and humanitarian organizations. VISION Investing in development and knowledge of employees, Športna loterija d.d. shall ensure long-term and stable financing of invalid, humanitarian and sports organizations. STRATEGIC DIRECTIONS Maintaining our position as a leading sports betting operator with Slovenian licence Reducing company s dependence on sports betting game results, by offering other products and services International connections Socially responsible organizing of games of chance INTERNATIONAL COOPERATION Thinking of Športna loterija s future certainly includes international cooperation and getting to know similar insti - tutions. In sight of business, international environment was more than less restrictive factor, and at the same time presented framework, in particular legal, for accomplishing national interests, intended for keeping public order and peace, prevention of criminal acts and of gaming addiction. Športna loterija actively cooperates with similar institutions and associations. It s a member of World Lottery Association WLA, and full member of European Lotteries Association (EL), representing important source of legal information and news, being especially crucial for lotteries and gaming operators, contributing for good purposes. These connections (especially in sports betting field) enable exchange of exceptionally important and beneficial

5 information on events and development, as well as give insight into contemporary trends, formative, as well as technological. These include also events, attended by our employees for acquiring new knowledge and contacts. We attend several events on yearly basis, mostly in the field of IT, sports betting and new technologies. In 2011 we attended exhibitions, seminars, conferences and congresses in the field of gaming technologies, mo - bile contents, computer solutions for bookmakers and sports betting, and EL events, where we have to stress our active cooperation, presenting our project for acquiring gaming responsibility certificate at workshop for non-eu countries, and several meetings on common game Goooal. GAMES OF CHANCE Also in 2011, we were dealing with 6 concessions for classical games of chance: E-games, Hitra srečka, Olimpijska srečka, Petica, Polo and Sports betting. Sales plan was exceeded for EUR or 2,35 %. In this period, planned sales was achieved in Polo game and electronic tickets, together representing 12,75 % share. In sports betting, the plan was almost 100 % realized and the plans weren t achieved in classical tickets, representing only 2 % sales share. Sales overview of all games in EUR Plan ANNUAL REPORT 2011

6 OPERATING COSTS Looking at payments for all games in the amount of EUR, the biggest costs share falls on prize pool, which was in EUR in total. Second largest cost are mandatory duties for organizing games of chance, representing 8,65 % in The biggest share in this structure goes to concession fees 76 %, tax on games of chance represents 15 % and income tax almost 9 %. Duties structure has remained almost the same as in 2010, but is however for the first time the second user, right after prize pool. According to such duties structure, the influence of prize pool to amount of prizes is considerable, but also necessary for successful organizing classical games of chance, so that players receive sufficient means, nevertheless that these games are meant for fun. Third biggest user are direct operating costs (purchase of tickets and slips, sales commission, software maintenance, marketing, public announcements, on-line connections etc). This share was 8,25 % in 2011, reduced for 0,31 %. This share has been constantly decreasing in recent years. The last and the smallest share (6,73 %) goes for company business. This includes costs, impossible to be connected to individual game, but divided by a certain key such as rental of company s premises, money movements, depreciation, salaries, reservations for jubilee rewards and retirement redundancies. Sales shares 2011: 3 % 7% 8% 9% Prize structure Mandatory duties Direct operating costs Company business Net income % 6 ANNUAL REPORT 2011

7 MARKETING Our company is well aware that public deserves complete and quality information. Media representatives are being handled equally, everyone has access to announcements on our website or Most of media questions are answered already the very same day, via s or directly over the phone. During discussed period we also opened our site on Facebook. Special concern was devoted to responsible gaming and organizing, providing hereby several expert information and articles on problem gaming topic. Through our websites we performed some surveys about this topic, informing thus our users on possible consequences of gaming. Concerned public was communicated directly, at meet - ings and presentations. INVESTMENTS AND IT The far biggest investment into equipment for data processing was finally realized in This is our reserve location, exchanging existing communication equipment, and purchase and upgrade of servers. Reserve location will enable taking over online gaming system in almost any circumstances. In 2011 our company also invested in software, namely in colocation equipment, development of online games and other projects such as: testing and integration of games and mobile games, finishing preparation work for E- games production, preparation of mobile phone applications, testing phones and other similar projects. Within these investments we also carried out activities for control for simplified Moneta payment and activities regarding responsible gaming, meaning games categorization and players self-exclusion. In addition, there were investments in development of other, smaller, but not less important projects. FUTURE PLANS Business and activities of Sportna loterija are certainly connected and mutually depend on gaming legislation plans. Company has all possibilities to become innovator and not just follower of general international classical games offer, but this considerably depends on concerning state bodies. Company shall present new proposals and solutions, whereby we righteously expect positive outcome. Company intends to broaden its offer with additional services and two game categories. The first, virtual bet - ting, shall be within concession, being either completely animated, with chance result, or as a combination of video of real games and coincidental betting odds. The second category would be amusing and skill games, by their nature prize games, therefore there would be no need for extra concession. 7 ANNUAL REPORT 2011

8 Due to limited number of events, it s our wish to extend betting time through entire duration of event within offer, called live betting. We shall continue with international cooperation activities, intended for offering games in organization of several countries. Component part of our business shall be responsible organizing and gaming. RESPONSIBLE GAMING Public s trust towards gaming operators is invaluable advantage, therefore we try to yearly upgrade this business segment, being aware that this significantly influences maintaining number of our players, as well as our government s trust when extending and granting new licences. As a responsible company we care for balance of interests between different stakeholders, and society actions, regarding responsible gaming, can result in worse business outcome. Considering these consequences, we did the following in 2011: We introduced additional payments limits; We informed and educated public and employees on gaming addiction; We introduced different options of self-exclusion; We divided games by categories of possible addiction level; We publicly reported about our responsible gaming measures; We continued with responsible marketing, in accordance with internal rules and general measures. Above stated measures are merely a part of certification procedure, determined by EL, and in 2011 we took intens - ive steps towards acquisition of EL certificate. CONCESSION FEES Športna loterija is obliged to pay two duties; tax on classical games of chance and concession duty. The last is entirely used to finance invalid, humanitarian and sports organizations, and the stated tax goes to Slovenian treasure. Overview of paid concession fees for both Foundations by years: Concession duty (in EUR) FŠO FIHO TOTAL ANNUAL REPORT 2011

9 Tax on games and concession duty in EUR: Concession duty Tax CARE FOR EMPLOYEES Company is well aware that success and good work are largely resulting from working environment. Therefore we organize different trainings, regular health checkups, we strengthen social security through additional insurances, we stimulate feel of belonging by preparing several sports gatherings. All employees are also members of Sportscultural society Alea, enabling them cheaper attendance at various sports-recreational and cultural events. Organizing games of chance is an activity of special social meaning, awarded to small number of subjects, under condition that besides everything else, they also fulfill requirements regarding employees. There are no trained workers in the field of this business and related circumstances, so most of workers are being trained at the company itself, with interest to offer them environment for their future and for them to give their share to company s success. On company employed 29 people. CARE FOR NATURAL ENVIRONMENT In the company we re all aware of importance of protecting environment. With organizational measures for effective energy use, we reduce its use. Waste is being separately collected (paper, toners, mobile phones) and delivered to corresponding assembly sites; if only possible, we use both-side printing, working place is not too heated or too cooled. We re abolishing use of bottled water and usage of other, non-friendly materials. In 2011, company for the second time supported society»unlimited ecologists«. 9 ANNUAL REPORT 2011

10 SOLIDARITY HELP Športna loterija, as a socially responsible company, is upgrading its mission and goals also in not legally binding manners. With touch for people s and associations needs, especially of those with more difficulties to accomplish their wishes and ideas, we help bringing them to effect. In 2011 we helped many perspective young sportsmen, sports associations and unions, fire and ecological unions, International Police Union, health institutions, and we also helped realizing some cultural projects. 10 ANNUAL REPORT 2011

11 FINANCIAL STATEMENTS BALANCE SHEET December 31st, 2011 in EUR ASSETS A. Fixed assets I. Intangible assets II. Tangible assets III. Real estate investments IV. Long term financial investments V. Long term operating receivables B. Current assets II. Inventories III. Short term financial investments IV. Accounts receivables V. Cash C. Prepayments and accrued income LIABILITIES A. Shareholders equity I. Paid-in capital II. Capital reserves III. Income reserves IV. Revaluation reserves V. Accumulated net income from previous years VI. Net income current year B. Reservations and long-term passive time delimitations C. Long-term liabilities Č. Short-term liabilities III. Accounts payables D. Short-term passive time delimitations

12 FINANCIAL STATEMENTS INCOME STATEMENT For the period from January 1st to December 31st 2010 in EUR Sales revenue Other operating revenues (with revaluated operating revenues) Costs of goods, materials and services a) Purchase value of sold goods and materials b) Services costs Labour costs a) Salaries costs b) Social securities costs Employer s contribution Additional pension plan costs c) Other labour costs Depreciation and amortization Other operating expenses Operating income (ebit) Financial income from shares Financial income from business debts Financial expenses from business liabilities Income on ordinary activities Other revenues Other expenses Income before tax Income tax Net income ANNUAL REPORT 2011