Annual Report 2003

Consolidated Income Statement as of December 31, 2003 (in thous. SKK) 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 42 Designation Text Current accounting period Preceding accounting period I. Revenue from the sale of merchandise 1 072 429 669 269 A. Cost of merchandise sold 988 309 561 465 + Trade margin 84 120 107 804 II. Production line 8 892 964 6 991 545 II.1. Revenue from the sale of own products and services 8 002 482 6 383 216 2. Changes in internal inventory -204 651 -4 564 3. Own work capitalized 1 095 133 612 893 B. Production 5 925 628 4 635 039 B.1. Consumed raw materials, energy consumption, and consumption of other non-inventory supplies 4 875 546 3 738 958 2. Services 1 050 082 896 081 + Added value 3 051 456 2 464 310 C. Personnel expenses 2 203 811 1 644 727 C.1. Wages and salaries 1 611 859 1 178 195 2. Remuneration of board members of company or cooperative 11 087 9 987 3. Social security expenses 549 203 419 819 4. Social expenses 31 662 36 726 D. Taxes and fees 29 085 17 792 E. Amortization of non-current intangible assets and depreciation of property, plant and equipment 398 700 332 214 III. Revenue from the sale of non-current assets and raw materials 105 123 71 874 F. Carrying value of non-current assets sold and raw materials sold 20 502 67 361 IV. Use and reversal of provisions against operating income and accounting for complex deferred expenses 395 705 485 270 G. Creation of provisions for operations and accounting for complex deferred expenses 406 124 448 012 V. Use and reversal of value adjustments against operating income 77 725 167 316 H. Creation of value adjustments against operating expenses 153 613 197 755 VI. Other operating income 286 321 342 526 I. Other operating expenses 313 088 472 038 VII. Transfer of operating income 0 0 J. Transfer of operating expenses 9 842 0 * Profit/loss from operations 401 249 351 397 VIII. Revenue from the sale of securities and shares 165 122 134 974 K. Securities and shares sold 185 994 134 979 IX. Income from non-current financial assets 476 0 IX.1. Income from securities and ownership interests in a controlled entity and in a company where significant influence is held 476 0 2. Income from other long-term securities and shares 0 0 3. Income from other non-current financial assets 0 0 X. Income from current financial assets 1 342 108 L. Expenses related to current financial assets 0 0 XI. Gains on revaluation of securities and income from derivative transactions 0 0