Annual Report 2008

CONTENT ŽELEZIARNE PODBREZOVÁ ADDRESS FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS ..... ............................................... 3 COMPANY BACKGROUND ............................................................................. .......................... 4 Board of directors ......................................................................................................................................... 4 Supervisory board Key performance data . Production and sales .. 7 ....................... 8 .................................................. 10 REPORT BY THE BOARD OF DIRECTORS ......................... ........................ ................................. .... 13 Business activities ...................................................................................................................................................... 13 Evironmental policy ..... ........................ ...................... ........................ ........................ 17 Human resources .................... ........................ 18 Report by the board of directors on assets, funds and financial management ............................. 22 Significant events that occurred after the end of the reporting period ................................................ 27 Report on the activities of entities included in consolidation ................... ... 29 Business pian . 37 Conclusion ................................... ........................ ........................ ........................ ........................ .. 39 INFORMATION FOR SHAREHOLDERS ............................................................................................................ 41 REPORT ON THE ACTIVITY OF THE SUPERVISORY BOARD ................................................................... ... 43 CONSOLIDATED FINANCIAL STATEMENTS .............. 44 BASIC INFORMATION ON THE COMPANY ...................................................................................... 72 CONTACTS ............................................................................................................................................................ 72