Annual report 2016

ANNUAL REPORT 2016 • Železiarne Podbrezová a.s. 26 Year ended 31 December 2016 Year ended 31 December 2015 Sales of own products and merchandise 183 966 215 551 Sales of services 5 830 6 185 Changes in inventories of finished products and work in progress (2 671) (6 538) Own work capitalised 5 747 6 887 Raw materials and consumables used (115 646) (138 586) Services (19 335) (19 635) Personnel expenses (54 251) (55 412) Depreciation and amortisation (8 047) (7 946) Other operating revenues 1 057 1 689 Other operating expenses (928) (2 142) Interest income 312 2 Interest expense (678) (1 070) Other financial income 49 188 5 635 Other financial expenses (559) (646) Profit/(loss) before tax 43 985 3 974 Income tax expense (7 750) (239) PROFIT/(LOSS) FOR THE YEAR 36 235 3 735 Other comprehensive income and losses after tax - - Total profit/(loss) for the year 36 235 3 735 Data from the separate statement of comprehensive income under IFRS for the year ended 31 December 2016 (in EUR ’000) REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS, AND FINANCIAL PERFORMANCE IN 2016 AND INFORMATION ON THE BUSINESS PLAN