Annual Report 2009

Ž E L E Z I A R N E P O D B R E Z O V Á REPORT BY THE BOARD OF DIRECTORS Data from Separate IFRS Statement of Changes in Equity For the year ended 31 December 2009 (in EUR thousand) 27 Share capital Legal reserve fund Hedging derivatives Treasury shares Retained earnings Total Opening balance at 1/1/08 79 139 9 383 4 859 -2 246 81 324 172 459 Dividends paid - - - - -3 957 -3 957 Allocation of statutory profit - 3 363 - - -3 363 - Treasury shares - - - 2 246 - 2 246 Total comprehensive income for the year - - -4 724 - 13 171 8 447 Closing balance at 31/12/08 79 139 12 746 135 - 87 174 179 195 Rounding of the face value of shares upon the euro conversion 1 922 - - - -1 922 - Foreign exchange differences upon the euro conversion - - 0 - 0 0 Total comprehensive loss for the year - - -288 - -6 314 -6 602 Allocation of statutory profit - 1 317 - - -1 317 - Closing balance at 31/12/09 81 061 14 064 -153 - 77 622 172 593 SIGNIFICANT EVENTS THAT OCCURRED AFTER THE END OF THE REPORTING PERIOD No such events occurred from 31 December 2009 to the preparation date of the financial statements that would have a significant impact on the Company's assets or on the results of its operations.