2008 - 2010

Basic financial information

Description of operations in 2010

In 2010 the Carniolan Investment Company continued to follow its mission of creating the new for a new age. Because we place a high value on knowledge, experience and excellence, with the help of which we put into effect solutions to achieve economic efficiency in our operations, the Carniolan Investment Company ended 2010 positively despite the less than encouraging wider economic environment. In difficult times we have once again shown that we are capable of meeting the challenges of turbulent conditions in the global economy. Last year we once again reacted rapidly and adapted successfully to the new conditions and needs of an increasingly demanding market.

The core of our business remains real estate and parking management, although we have also successfully developed our other activities and projects and will continue to do so in the future. We have also dedicated ourselves to optimising our operations and achieved synergies through financial restructuring resulting in a more suitable financial structure. We directed additional energy towards sales and marketing and expect to see the results of these efforts in 2011.
The Carniolan Investment Company ended the 2010 financial year with a net profit of €102,704. Consolidated income in 2010 was €41,407,281, which shows growth with regard to 2009.
With our subsidiary GH Meksiko d.o.o. we completed the development of the 624-space Meksiko parking garage on Njegoševa Cesta in Ljubljana, in which a Hofer supermarket and a branch of high-street bank Abanka are already operating.
The Carniolan Investment Company also acquired property tied to the Kolizej project from its subsidiary Mons d.o.o. In this way it achieved a more suitable financial structure for the group and made it easier to obtain investors and complete the investment documentation for the start of construction, which is planned for 2012.
Monsadria d.o.o. ended the year with a positive operating result and net profit of €10,108. It also increased its market share among four-star hotels in Ljubljana.