Annual Report 2004

ANNUAL REPORT 2004 Ž E L E Z I A R N E P O D B R E Z O V Á 25 REPORT BY THE BOARD OF DIRECTORS Main figures from the Income Statement in thousand SKK Text as at 31.12.2004 as at 31.12.2003 Trade margin 13 347 9 143 Production 6 917 633 5 440 056 - revenue from the sale of own products and services 6 336 274 5 017 023 - changes in internal inventory 57 028 -30 680 - own work capitalized 524 331 453 713 Production-related consumption 5 059 293 3 776 068 - consumed raw materials, energy consumption, and consumption of other non-inventory supplies 4 579 097 3 274 526 - services 480 196 501 542 Added value 1 871 687 1 673 131 Personnel expenses total 1 376 369 1 145 259 Taxes and fees 9 142 12 924 Amortization of non-current intangible assets and depreciation of property, plant and equipment 264 016 245 563 Use and reversal of provisions and adjustments 517 824 404 677 Creation of provisions and adjustments 560 241 498 469 Other operating income 136 572 152 748 Other operating expenses 145 858 181 766 Profit/loss from operations 170 457 146 575 Income from financial activities 267 097 375 120 Expenses related to financial activities 153 322 398 477 Profit/loss from financial activities 113 775 -23 357 Income tax on ordinary activities 61 909 34 261 Profit/loss from ordinary activities 222 323 88 957 Extraordinary income 0 0 Extraordinary expenses 0 1 Income tax on extraordinary activities 0 0 Profit/loss from extraordinary activities 0 -1 Profit/loss for the accounting period 222 323 88 956