Annual Report 2003

Interest in share capital % Voting rights % Note Profit/loss 2003 2002 Equity 2003 2002 Share capital 2003 2002 Employees 2003 2002 thereof managers 2003 2002 Goodwill on consolidation in thous. SKK Subsidiary accounting entities ŽP-Gastroservis, s.r.o. 100,0 100,0 156 354 18 229 18 073 21 000 21 000 94 96 3 3 0 ŽP Bytos, s.r.o. 100,0 100,0 343 230 3 988 3 761 2 100 2 100 11 19 3 3 0 PIPEX (International) AG 85,0 85,0 27 479 26 052 94 705 93 174 26 377 28 703 0 0 0 0 0 ŽP-Invest, s.r.o., Bratislava 95,6 95,6 -1 108 40 64 127 45 235 65 000 45 000 1 1 1 1 0 Tále, a.s. 51,5 51,5 -10 223 299 357 648 307 371 340 000 280 000 135 145 7 8 9 000 ŽP Šport, a.s. 99,4 99,4 -776 998 4 750 5 044 5 350 5 350 35 34 2 2 0 SLOVRUR Sp.z.o.o., Poľsko 68,0 68,0 7 289 5 408 40 895 43 753 876 1 043 10 10 2 2 0 ŽP Tažírny trub Svinov, spol. s r.o. 99,0 99,0 4 581 3 359 73 712 72 739 63 250 66 550 184 184 4 4 0 Nadácia Železiarne Podbrezová 100,0 100,0 -26 -11 651 935 200 200 0 0 0 0 0 PIPEX Italia, S.p.A., Taliansko 95,0 95,0 1 650 4 233 31 402 30 158 10 620 10 764 13 12 1 1 0 ŽĎAS, a.s. 63,1 63,1 111 121 -136 593 1 997 912 1 993 393 1 765 058 1 857 148 2 945 3 042 7 15 -1 089 021 TUBISTEEL S.r.l. 51,0 51,0 1) 196 405 8 248 1 852 5 1 17 400 ŽĎAS SGS, GmbH, Nemecko 66,9 66,9 2) 969 421 7 962 7 532 1 070 1 085 6 5 1 1 0 Joint venture accounting entity ZANINONI SLOVAKIA, s.r.o. 50,0 50,0 1 692 1 993 20 680 19 057 1 000 1 000 7 7 1 1 0 1) PIPEX Italia S.p.A Italy owns 51% of share capital of TUBISTEEL S.r.l. 2) ŽĎAS, a. s. owns 66,9% of sahre capital of ŽĎAS SGS, GmbH, Germany. The first consolidation of capital of all consolidated accounting entity was performed as of the date of acquisition of ownership interests. Subsidiary accounting entitites were included in the consolidated financial statements under the full consolidation method. Consolidation of capital was performed under the carrying value method. Consilidated group summary as of December 31, 2003 ANNUAL REPORT Ž E L E Z I A R N E P O D B R E Z O V Á 2 0 0 3 46