Annual Report 2007

EQUITY AND LIABILITIES CAPITAL AND RESERVES Share capital 16 2 384 135 2 384 135 Treasury shares 16 -67 673 - Legal and other funds 16 468 774 473 353 Retained earnings 4 326 125 3 867 248 Equity attributable to equity holders of ŽP 7 111 361 6 724 736 Minority interests 379 036 174 920 Total equity 7 490 397 6 899 656 LIABILITIES NON-CURRENT LIABILITIES Interest-bearing loans and borrowings 17 1 462 260 1 627 908 Other financial liabilities 18 258 487 10 206 Payables from employee benefits 19 202 519 187 521 Provisions 20 91 349 94 886 Deferred tax liability 11 314 090 297 654 Total non-current liabilities 2 328 705 2 218 175 CURRENT LIABILITIES Interest-bearing loans and borrowings 17 1 484 098 953 076 Trade and other financial payables 21 2 695 202 2 034 560 Income tax payable 132 067 190 870 Other liabilities 220 576 75 675 Total current liabilities 4 531 943 3 254 181 Total liabilities 6 860 648 5 472 356 TOTAL EQUITY AND LIABILITIES 14 351 045 12 372 012 Note 31 December 2007 31 December 2006 ASSETS NON-CURRENT ASSETS Property, plant and equipment 8 6 322 433 5 163 738 Intangible assets 9 71 226 53 112 Goodwill 9 26 168 8 956 Investments in associates 7 30 685 140 656 Other financial assets 10 227 316 340 921 Deferred tax asset 11 21 422 32 811 Total non-current assets 6 699 250 5 740 194 CURRENT ASSETS Inventories 12 3 208 294 2 420 395 Trade receivables and other financial assets 14 3 910 526 3 582 861 Income tax receivable 14 283 2 156 Other assets 38 406 30 560 Cash and cash equivalents 15 480 286 595 846 Total current assets 7 651 795 6 631 818 TOTAL ASSETS 14 351 045 12 372 012 47 Ž E L E Z I A R N E P O D B R E Z O V Á 2 0 0 7 CONSOLIDATED BALANCE SHEET As at 31 December 2007 (in thousands of SKK)