Annual Report 2004

Ž E L E Z I A R N E P O D B R E Z O V Á ANNUAL REPORT 2004 42 Consolidated Income Statement as at 31 December 2004 (in thousand SKK) Designation Text Current accounting period Preceding accounting period I. Revenue from the sale of merchandise 1 306 676 1 072 429 A. Cost of merchandise sold 1 263 274 988 309 + Trade margin 43 402 84 120 II. Production 11 704 057 8 892 964 II.1. Revenue from the sale of own products and services 10 104 699 8 002 482 2. Changes in internal inventory 318 961 -204 651 3. Own work capitalized 1 280 397 1 095 133 B. Production 7 916 373 5 925 628 B.1. Consumed raw materials, energy consumption, and consumption of other non-inventory supplies 6 823 275 4 875 546 2. Services 1 093 098 1 050 082 + Added value 3 831 086 3 051 456 C. Personnel expenses 2 618 207 2 203 811 C.1. Wages and salaries 1 911 220 1 611 859 2. Remuneration of board members of company or cooperative 28 650 11 087 3. Social security expenses 635 177 549 203 4. Social expenses 43 160 31 662 D. Taxes and fees 17 506 29 085 E. Amortization of non-current intangible assets and depreciation of property, plant and equipment 515 729 398 700 III. Revenue from the sale of non-current assets and raw materials 77 166 105 123 F. Carrying value of non-current assets sold and raw materials sold 60 162 20 502 IV. Use and reversal of provisions against operating income and accounting for complex deferred expenses 95 044 395 705 G. Creation of provisions for operations and accounting for complex deferred expenses 221 433 406 124 V. Use and reversal of value adjustments against operating income 84 361 77 725 H. Creation of value adjustments against operating expenses 85 988 153 613 VI. Other operating income 458 897 286 321 I. Other operating expenses 554 595 313 088 VII. Transfer of operating income 0 0 J. Transfer of operating expenses 0 9 842 * Profit/loss from operations 472 934 401 249 VIII. Revenue from the sale of securities and shares 3 755 165 122 K. Securities and shares sold 3 181 185 994 IX. Income from non-current financial assets 453 476 IX.1. Income from securities and ownership interests in a controlled entity and in a company where significant influence is held 453 476 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 2 355 1 342 L. Expenses related to current financial assets 0 0 XI. Gains on revaluation of securities and income from derivative transactions 0 0