Annual_report_2006

REPORT BY THE BOARD OF DIRECTORS A N N U A L R E P O R T 26 Data from Separate IFRS Statement of Changes in Equity Share capital Legal reserve fund Hedging derivatives Retained earnings Total Opening balance at 1.1.2005 2 384 135 87 503 - 759 618 3 231 256 Dividends paid - - - -119 207 -119 207 Appropriation of statutory profit - 22 232 - -22 232 - Net profit for the year - - - 741 424 741 424 Closing balance at 31.12.2005 2 384 135 109 735 - 1 359 603 3 853 473 Dividends paid - - - -357 620 -357 620 Appropriation of statutory profit - 88 332 - -88 332 - Hedging derivatives - - 367 026 - 367 026 Deferred tax on hedging derivatives - - -69 735 - -69 735 Net profit for the year - - - 846 050 846 050 Closing balance at 31.12.2006 2 384 135 198 067 297291 1 759 701 4 639 194 Year ended 31 December 2006 Year ended 31 December 2005 Revenues 8 193 521 7 746 752 Changes in inventories of finished goods and work in progress 39 994 48 551 Own work capitalized 275 843 361 091 Consumed material and energy -5 251 196 -4 944 713 Services -585 726 -485 031 Personnel expenses -1 558 550 -1 492 534 Depreciation and amortization -253 709 -317 248 Other operating expenses, net -54 282 -70 782 Interest income 6 217 7 948 Interest expense -61 385 -65 508 Other financial income, net 251 621 126 764 Profit before tax 1 002 348 915 290 Income tax expense -156 298 -173 866 Profit for the year 846 050 741 424 Earnings per share (in SKK) 354,87 310,98 For the year ended 31 December 2006 (in thousands of SKK) Data from Separate IFRS Statement of Profit and Loss For the year ended 31 December 2006 (in thousands of SKK)