Annual Report 2007

29 Ž E L E Z I A R N E P O D B R E Z O V Á 2 0 0 7 REPORT BY THE BOARD OF DIRECTORS As of 31 December 2007, the net value of financial assets as disclosed on the balance sheet of Železiarne Podbrezová a.s. totalled SKK 2 453.7 million, which is a 29.3% share in the Company’s total assets. Compared to the previous year, this represented an increase by SKK 949.4 million. REPORT ON THE ACTIVITIES OF ENTITIES INCLUDED IN CONSOLIDATION Financial investments and other ownership interests As at 31 December 2007 Legal name Registered office Invest- ment in SKK’000* Interest in share capital Owner- ship interest Consoli- dated Strategic companies ŽĎAS, a.s. Žďár nad Sázavou, Czech Republic 706 002 100.00% direct yes Tále, a.s. Horná Lehota, SR 428 900 98.18% direct yes Production companies ŽP EKO QELET a.s. Martin, SR 791 136 66.25% direct yes ŽIAROMAT a.s. Kalinovo, SR 145 929 100.00% direct yes KBZ s.r.o. Košice, SR 90 929 50.00% direct yes ŽP Tažírny trub Svinov, spol. s r.o. Ostrava, Czech Rep. 51 989 100.00% direct yes ŽP PRAKO s.r.o. Prakovce, SR 42 000 100.00% direct yes TS Plzeň a.s. Plzeň, Czech Republic - 52.58% indirect yes Sales and distribution companies PIPEX International AG Nidau, Switzerland 40 051 85.00% direct yes PIPEX ITALIA S.p.A. Arona, Italy 10 779 95.00% direct yes ZP-HUNEX Kft. Miškolc, Hungary 2 941 66.70% 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 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 Informatika s.r.o. Podbrezová, SR 25 000 100.00% direct yes ŽP Šport, a.s. Podbrezová, SR 15 320 99.80% direct yes ŽP BYTOS, s.r.o. Podbrezová, SR 2 100 100.00% direct yes Motor-Car Podbrezová s.r.o. Podbrezová, SR 0 49.00% direct yes HRON - AIR s.r.o. Podbrezová, SR 0 34.00% Other capital participation STABILITA, d.d.s., a.s. Košice, SR 0 5.17% Hutnictví železa, a.s. Praha, Czech Republic 0 2.34% Nadácia Železiarne Podbrezová Podbrezová, SR 200 100.00% direct yes * Carrying amount as per the balance sheet (contributions in foreign currency translated at the NBS exchange rate valid as at 31 December 2007).