Annual_report_2006

Ž E L E Z I A R N E P O D B R E Z O V Á 2 0 0 6 A N N U A L R E P O R T 29 REPORT BY THE BOARD OF DIRECTORS As of 31 December 2006, net value of finan- cial investments as disclosed on the balance sheet of Železiarne Podbrezová a.s. totalled SKK 1 504 million, which is a 32.4% share in the Company’s total equity. Compared to the previous year, this represented an increase by SKK 168.1 million, which in percentage terms equalled 12.6 %. REPORT ON THE ACTIVITIES OF ENTITIES INCLUDED IN CONSOLIDATION Financial investments and other ownership interests as at 31 December 2006 Legal name Registered office Invest- ment in SKK’000* Interest in share capital Owner- ship interest Conso- lidated Strategic companies ŽĎAS, a.s. Žďár nad Sázavou, Czech Republic 706 002 100,00% direct Yes Tále, a.s. Horná Lehota, SR 383 900 97,98% direct Yes Production, sales and distribution companies ŽP EKO QELET a.s. Martin, SR 117 243 31,74% direct Yes ŽP Tažírny trub Svinov, s.r.o. Ostrava, Czech Republic 51 989 100,00% direct Yes PIPEX International AG Nidau, Switzerland 40 051 85,00% direct Yes ŽP PRAKO s.r.o. Prakovce, SR 51 646 81,98% direct Yes PIPEX ITALIA S.p.A. Arona, Italy 10 779 95,00% direct Yes Slovrur Sp. z o. o. Stalowa Wola, Poland 758 68,00% direct Yes ZANINONI SLOVAKIA, s.r.o. Valaská, SR 500 50,00% direct Yes TS Plzeň a.s. Plzeň, Czech Republic - 47,40% indirect Yes TS STEEL PIPE & FITTINGS S.r.l. Flero, Italy - 48,45% indirect Yes ŽĎAS SGS, GmbH Bonen, Germany - 67,00% indirect Yes Services ŽP-Invest s.r.o. Podbrezová, SR 71 120 100,00% direct Yes ŽP – Gastroservis, s.r.o. Valaská, SR 28 000 100,00% direct Yes ŽP Šport, a.s. Podbrezová, SR 15 320 99,80% direct Yes GAMO a.s. Banská Bystrica, SR 13 056 51,00% direct Yes HRON - AIR s.r.o. Podbrezová, SR 11 000 100,00% direct Yes ŽP BYTOS, s.r.o. Podbrezová, SR 2 100 100,00% direct Yes Motor-Car Podbrezová s.r.o. Podbrezová, SR 490 49,00% direct Yes ZELPO-INVEST s.r.o. Banská Bystrica, SR 100 50,00% direct Yes Other capital participation Hutnictví železa, a.s. Prague, Czech Republic 992 2,34% direct No Nadácia Železiarne Podbrezová Podbrezová, SR 200 100,00% direct Yes STABILITA, d.d.s., a.s. Košice, SR 0 5,17% direct No * Carrying amount as per the balance sheet (contributions in foreign currency translated at the NBS exchange rate valid as at 31 December 2006).