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CC Real is a fully integrated real estate company specialised in investments, financing, (re)development, asset and property management.

Its focus is primarily on growth-oriented retail and office buildings. It was founded in 2006 and since then it has been owned by private individuals thus enabling direct decision-making resulting in a highly responsive and professional company environment. An active growth strategy is pursued for the future because CC Real aims to, together with its partners, significantly enlarge its portfolio in Central and Eastern Europe.

Current portfolio worth: 1.7 billion €.

Total lettable shopping and office space: 500,000 m².

Number of shoppers per year: 60,000,000.

Total retail turnover in 2016: 940 million €.

All the companies listed in here have to submit regular annual financial reports which are public. Since there is no exclusive right to public information by any party, all the publicly available financial information contained in this publication may be reprinted and distributed freely at no cost or fee due to the publisher. The information refers solely to the companies which are registered in the Republic of Croatia. Non-profit organizations (e.g. public institutions, foundations, associations, etc.) are not included in this publication. The accuracy of the information published herein depends on the accuracy of the information contained in the annual financial reports. Therefore, the publisher cannot vouch for the completeness or the accuracy of all the information contained in this publication. In the event of any errors, the publisher undertakes to correct them in the reprint or following edition in agreement with the parties to which the errors might refer.

Ranking lists include only top companies i.e. those which did not record any loss in 2015, which total income exceeded value added, and which salaries paid in 2015 exceeded 5,000 kuna. Companies which were blocked when the ranking lists were developed (July 2015), tax debtors, companies undergoing pre-bankruptcy settlement procedures and those which did not pay salaries have not been considered.

All the financial data contained in this publication are expressed in euros, or thousands or euros. The income/revenue figures in the tables entitled ‘The Best 500’ and ‘The Best 1,000 according to activity’ refers to the companies listed there as separate legal entities only. Unless stated otherwise, all the data refer to year 2016, namely the period between 1st January, 2015 and 31st December, 2016.

The Croatian term, which might be translated slightly different into English, was introduced on purpose so at to avoid any ambiguity and possibility of confusion with the base for the calculation of VAT. The added value is a simple sum of gross wages and gross profit. The calculation includes profit before taxation, net wages, tax and surtax paid on the wages, all the contributions paid from and on the wages, the cost of work under contract to temporary and freeland staff with all the appropriate tax, surtax and contributions payable under such contract, the cost of student labor under contract with all appropriate tax, surtax and contributions payable under such contract and the cost of scholarships. The amount of funding received as subsidies from the central government budget and the budgets of local government until is deducted from the sum. In the tables the added value is expressed in thousands of euros.

The added value divided by the average workforce or number of employees on the basis of working hours equals productivity. In the tables productivity is expressed in sums.

Income/Revenues is the total annual income of a company and equals a sum of the sales income, extraordinary income (e.g. from asset sales) and financial income (e.g. interest income). Income/revenues are expressed net of VAT or other special tax levies.

‘Company assets’ are understood as total assets at the end of 2015, as presented in each company’s financial report.

Profit is calculated as a difference between a company’s business income/revenues and costs/expenditures in a financial year. In all the tables, profit is expressed in the amount before taxation. The main precondition for a company to be included in this publication was for it to make profit.

The term exports refers to all the income/revenues from sale abroad. The income/revenue referred to as ‘other extraordinary income’ or ‘other financial income’ is not included in export figures, although it might be possible to originate abroad.

The number of employees or workers is expressed as the average number of workers over a period in question based on the number of working hours.

The ranking and numbering contained in the ‘ranking’ columns always refer to the position of a particular company among as many companies as the table includes.

The organization of these groups of activities is such that it includes certain groups which coincide with the National classification of business activities. Hence, the publisher was not able to correct each illogical instance where an entity might be registered for an activity which differs substantially from that it actually engages in, as is very often the case.

Exchange rates as of 31. 12. 2016: 1 EUR = 7,557787 kn; 31. 12. 2015: 1 EUR = 7,635047 kn; 31. 12. 2014: 1 EUR = 7,661471 kn; 31. 12. 2013: 1 EUR = 7,637643 kn; 31. 12. 2012: 1 EUR = 7,545624 kn; 31. 12. 2011: 1 EUR = 7,530420 kn.