Annual_report_2006

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 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 47 Share capital Legal reserve fund Hedging and translation reserve Retained earnings Equity attributable to equity holders of ŽP Minority interests Total Opening Balance at 1. 1. 2005 2 384 135 68 775 -53 020 2 044 249 4 444 139 996 654 5 440 793 Dividends paid - - - -119 207 -119 207 -32 606 -151 813 Net profit for the year - - - 1 169 590 1 169 590 119 951 1 289 541 Movement in translation reserve - - 73 232 - 73 232 - 73 232 Allocation of statutory profit - 24 202 - -24 202 - - - Cash flow hedges after deferred tax (Note 28) - - 47 655 - 47 655 5 209 52 864 Acquisition of new subsidiaries and increase of ŽP share in current subsidiaries - - - - - -719 121 -719 121 Closing Balance at 31. 12. 2005 2 384 135 92 977 67 867 3 070 430 5 615 409 370 087 5 985 496 Dividends paid - - - -357 620 -357 620 -18 672 -376 292 Net profit for the year - - - 1 254 301 1 254 301 79 135 1 333 436 Movement in translation reserve - - -129 889 - -129 889 - -129 889 Allocation of statutory profit - 99 863 - -99 863 - - - Cash flow hedges after deferred tax (Note 28) - - 367 154 - 367 154 1 616 368 770 Transfer to profit or loss on cash flow hedges - - -24 619 - -24 619 - -24 619 Acquisition of new subsidiaries and increase of ŽP share in current subsidiaries - - - - - -257 246 -257 246 Closing Balance at 31. 12. 2006 2 384 135 192 840 280 513 3 867 248 6 724 736 174 920 6 899 656 For the year ended 31 December 2006 (in thousands of SKK)