Annual Report 2005

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the year ended 31 December 2005 and 31 December 2004 (in thousand SKK) Opening Balance at 1. 1. 2004 Derecognition of negative goodwill to retained earnings Restated opening balances Dividends paid Net profit for the year Movement in translation reserve Settlement of statutory loss Other Closing Balance at 31. 12. 2004 Dividends paid Net profit for the year Movement in translation reserve Allocation of statutory profit Cash flow hedges Acquisition of new subsidiaries and increase of ŽP share in current subsidiaries Closing Balance at 31. 12. 2005 * The accompanying notes are an integral part of the consolidated financial statements. 4 074 407 978 047 5 052 454 (61 136) 321 669 6 332 - 121 474 5 440 793 (151 813) 1 289 541 73 232 - 47 655 (713 912) 5 985 496 918 845 - 918 845 (1 533) (42 132) - - 121 474 996 654 (32 606) 119 951 - - - (713 912) 370 087 3 155 562 978 047 4 133 609 (59 603) 363 801 6 332 - - 4 444 139 (119 207) 1 169 590 73 232 - 47 655 - 5 615 409 736 819 978 047 1 714 866 (59 603) 363 801 - 25 185 - 2 044 249 (119 207) 1 169 590 - (24 202) - - 3 070 430 (59 352) - (59 352) - - 6 332 - - (53 020) - - 73 232 - 47 655 - 67 867 93 960 - 93 960 - - - (25 185) - 68 775 - - - 24 202 - - 92 977 2 384 135 - 2 384 135 - - - - - 2 384 135 - - - - - - 2 384 135 Total Minority interests Equity attributable to equity holders of ŽP Retained earnings Hedging and translation reserve Legal reserve fund Share capital Consolidated financial statements Annual Report 2005 Železiarne Podbrezová 47