<br />
ANNUAL REPORT 07<br />
I N V E S T M E N T S F O R D E V E L O P M E N T<br />
T H E I N V E S T M E N T F U N D F O R C E N T R A L A N D E A S T E R N E U R O P E<br />
ANNUAL REPORT 2007<br />
Legal mandate<br />
”The purpose of IØ is to promote Danish investments in Central and<br />
Eastern Europe and thereby support the reformist countries in their efforts<br />
to achieve an increased economic, commercial and industrial development;<br />
and to enhance the possibilities for closer economic cooperation between<br />
Denmark and Central and Eastern Europe resulting in generally improved<br />
East/West relations, which will benefit Danish trade and industry,<br />
as well as the employment situation in Denmark.“<br />
The Act on Support to Danish Investments in Central and Eastern Europe,<br />
The Danish Parliament, 14 December 1989.<br />
iø •<br />
Mission, vision & strategy<br />
Mission:<b<a title="IOE+Aarsrapport+07 page 1" href="http://viewer.zmags.com/publication/ed22edea?page=1"> ANNUAL REPORT 07 I N V E S T </a>
<a title="IOE+Aarsrapport+07 page 2" href="http://viewer.zmags.com/publication/ed22edea?page=2"> ANNUAL REPORT 2007 Legal mandate ”The purpose o</a>
<a title="IOE+Aarsrapport+07 page 3" href="http://viewer.zmags.com/publication/ed22edea?page=3"> iø • Mi</a>
<a title="IOE+Aarsrapport+07 page 4" href="http://viewer.zmags.com/publication/ed22edea?page=4"> • STATEMENT Statement by t</a>
<a title="IOE+Aarsrapport+07 page 5" href="http://viewer.zmags.com/publication/ed22edea?page=5"> AUDiTORS’ REPORT • In</a>
<a title="IOE+Aarsrapport+07 page 6" href="http://viewer.zmags.com/publication/ed22edea?page=6"> EXECUTIVE SUMMARY Executive summary • Nine new</a>
<a title="IOE+Aarsrapport+07 page 7" href="http://viewer.zmags.com/publication/ed22edea?page=7"> HiGHLiGHTS • Fin</a>
<a title="IOE+Aarsrapport+07 page 8" href="http://viewer.zmags.com/publication/ed22edea?page=8"> MANAGEMENT’S REVIEW INVESTMENT S FOR DE VELOPM</a>
<a title="IOE+Aarsrapport+07 page 9" href="http://viewer.zmags.com/publication/ed22edea?page=9"> MANAGEMENT’S REViEW </a>
<a title="IOE+Aarsrapport+07 page 10" href="http://viewer.zmags.com/publication/ed22edea?page=10"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 11" href="http://viewer.zmags.com/publication/ed22edea?page=11"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 12" href="http://viewer.zmags.com/publication/ed22edea?page=12"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 13" href="http://viewer.zmags.com/publication/ed22edea?page=13"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 14" href="http://viewer.zmags.com/publication/ed22edea?page=14"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 15" href="http://viewer.zmags.com/publication/ed22edea?page=15"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 16" href="http://viewer.zmags.com/publication/ed22edea?page=16"> MANAGEMENT’S REVIEW Corporate social responsibil</a>
<a title="IOE+Aarsrapport+07 page 17" href="http://viewer.zmags.com/publication/ed22edea?page=17"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 18" href="http://viewer.zmags.com/publication/ed22edea?page=18"> GoGlobal initiative The collaboration within the</a>
<a title="IOE+Aarsrapport+07 page 19" href="http://viewer.zmags.com/publication/ed22edea?page=19"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 20" href="http://viewer.zmags.com/publication/ed22edea?page=20"> Project loans contributed DKK 59.2m in 2007. Net </a>
<a title="IOE+Aarsrapport+07 page 21" href="http://viewer.zmags.com/publication/ed22edea?page=21"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 22" href="http://viewer.zmags.com/publication/ed22edea?page=22"> ACCOUNTING POLICIES INVESTMENT S FOR DE VELOPM</a>
<a title="IOE+Aarsrapport+07 page 23" href="http://viewer.zmags.com/publication/ed22edea?page=23"> ACCOUNTiNG POLiCiES </a>
<a title="IOE+Aarsrapport+07 page 24" href="http://viewer.zmags.com/publication/ed22edea?page=24"> Income statement ACCOUNTING POLICIES Contributi</a>
<a title="IOE+Aarsrapport+07 page 25" href="http://viewer.zmags.com/publication/ed22edea?page=25"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 26" href="http://viewer.zmags.com/publication/ed22edea?page=26"> are recognised in the income statement under fina</a>
<a title="IOE+Aarsrapport+07 page 27" href="http://viewer.zmags.com/publication/ed22edea?page=27"> Income statement 2007 NOTE </a>
<a title="IOE+Aarsrapport+07 page 28" href="http://viewer.zmags.com/publication/ed22edea?page=28"> Balance sheet at 31 December Assets 2007 2006 N</a>
<a title="IOE+Aarsrapport+07 page 29" href="http://viewer.zmags.com/publication/ed22edea?page=29"> Balance sheet at 31 December Liabilities and equi</a>
<a title="IOE+Aarsrapport+07 page 30" href="http://viewer.zmags.com/publication/ed22edea?page=30"> Cash flow statement 2007 2006 CASH FLOW STATE</a>
<a title="IOE+Aarsrapport+07 page 31" href="http://viewer.zmags.com/publication/ed22edea?page=31"> Notes 2007 2006 NOTE </a>
<a title="IOE+Aarsrapport+07 page 32" href="http://viewer.zmags.com/publication/ed22edea?page=32"> Notes 2007 2006 NOTES NOTE 4 Financial </a>
<a title="IOE+Aarsrapport+07 page 33" href="http://viewer.zmags.com/publication/ed22edea?page=33"> Notes 2007 2006 NOTE </a>
<a title="IOE+Aarsrapport+07 page 34" href="http://viewer.zmags.com/publication/ed22edea?page=34"> Notes 2007 2006 NOTE </a>
<a title="IOE+Aarsrapport+07 page 35" href="http://viewer.zmags.com/publication/ed22edea?page=35"> Notes 2007 2006 NOTE </a>
<a title="IOE+Aarsrapport+07 page 36" href="http://viewer.zmags.com/publication/ed22edea?page=36"> Notes 2007 2006 NOTE </a>
<a title="IOE+Aarsrapport+07 page 37" href="http://viewer.zmags.com/publication/ed22edea?page=37"> Notes NOTE 10 Current liabilities </a>
<a title="IOE+Aarsrapport+07 page 38" href="http://viewer.zmags.com/publication/ed22edea?page=38"> Notes NOTE 12 Contingent liabilities </a>
<a title="IOE+Aarsrapport+07 page 39" href="http://viewer.zmags.com/publication/ed22edea?page=39"> NOTES INVESTMENT S FOR DE VELOPMENT IØ A</a>
<a title="IOE+Aarsrapport+07 page 40" href="http://viewer.zmags.com/publication/ed22edea?page=40"> CSR 2007 INVESTMENT S FOR DE VELOPMENT |</a>
<a title="IOE+Aarsrapport+07 page 41" href="http://viewer.zmags.com/publication/ed22edea?page=41"> CSR • Com</a>
<a title="IOE+Aarsrapport+07 page 42" href="http://viewer.zmags.com/publication/ed22edea?page=42"> MANAGEMENT INVESTMENT S FOR DE VELOPMENT </a>
<a title="IOE+Aarsrapport+07 page 43" href="http://viewer.zmags.com/publication/ed22edea?page=43"> MANAGEMENT </a>
<a title="IOE+Aarsrapport+07 page 44" href="http://viewer.zmags.com/publication/ed22edea?page=44"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 45" href="http://viewer.zmags.com/publication/ed22edea?page=45"> I N V E S T M E N T S F O R D E V E L O P M E</a>
<a title="IOE+Aarsrapport+07 page 46" href="http://viewer.zmags.com/publication/ed22edea?page=46"> Executive Board Communications HRD Fin</a>
<a title="IOE+Aarsrapport+07 page 47" href="http://viewer.zmags.com/publication/ed22edea?page=47"> IØ Office (Reporting to IMD) MOSCOW</a>
<a title="IOE+Aarsrapport+07 page 48" href="http://viewer.zmags.com/publication/ed22edea?page=48"> DANISH INTERNATIONAL INVESTMENT FUNDS Danish Int</a>
<a title="IOE+Aarsrapport+07 page 49" href="http://viewer.zmags.com/publication/ed22edea?page=49"> Offices DANISH INTERNATIONAL INVESTMENT FUNDS H</a>
<a title="IOE+Aarsrapport+07 page 50" href="http://viewer.zmags.com/publication/ed22edea?page=50"> THE INVESTMENT FUND FOR CENTRAL AND EASTERN EUROP</a>