Annual Report 2010

2010 ANNUAL REPORT REPORT BY THE BOARD OF DIRECTORS REPORT ON THEACTIVITIES OF CONSOLIDATED ENTITIES As at 31 December 2010, the net amount of the company's financial assets under IFRS totalled EUR 99,368 thousand, which is 38.7% ofthe company'stotal assets. In 201 O, there was almost no change to the absolute amount (decrease by EUR 25 thousand). For detailson the decrease in financial investments in 201 O, see the notes to the separate and consolidated financial statements. Financial lnvestments and Other Ownership lnterests as at 31 December 2010 Business name Registered office lnvestment''' Interes! Ownership Consolidated (EUR 'OOO) in registered interes! capital STRATEGIC COMPANIES ŽĎAS, a.s. Žďár nad Sázavou, 23435 100.00% Direct Yes Czech Republic Tále, a.s. Horná Lehota, Slovakia 14 901 98.27% Direct Yes MANUFACTURING COMPANIES ŽP EKO QELET a.s. Martin, Slovakia 26 925 66.27% Direct Yes Transformaciones Metalurgicas, S.A. Barcelona, Spain 16 981 100.00% Direct Yes (TRANSMESA) Tubos de Acero de Precision, S.L. Barcelona, Spain 3 266 100.00% Direct& Yes (TAP) lndirect ŽIAROMAT a.s. Kalinovo, Slovakia 4 844 100.00% Direct Yes KBZ s.r.o. Košice, Slovakia 3184 50.00% Direct Yes ŽP Tažirny !rub Svinov, spol. s r.o„ Ostrava, 1726 100.00% Direct Yes in liquidation Czech Republic TS Plzeň a.s. Plzeň, Czech Republic 100.00% lndirect Yes SALES AND DISTRIBUTION COMPANIES PIPEX (lnternational) AG Stäfa, Switzerland 1329 85.00% Direct Yes PIPEX ITALIA S.p.A. Arona, ltaly 358 95.00% Direct Yes SLOVRUR Sp. z o. o. Stalowa Wola, Poland 25 68.00% Direct Yes ZANINONI SLOVAKIA, s.r.o. Valaská, Slovakia 17 50.00% Direct Yes TS STEEL PIPE & FITIINGS S.r.I. Flero, ltaly 94.05% lndirect Yes ŽĎAS SGS, GmbH Menden, Germany 67.00% lndirect Yes SERVICES ŽP- Gastroservis, s.r.o. Valaská, Slovakia 929 100.00% Direct Yes ŽP Informatika s.r.o. Podbrezová, Slovakia 830 100.00% Direct Yes ŽP Šport, a.s. Podbrezová, Slovakia 509 99.80% Direct Yes ŽP BYTOS, s.r.o. Podbrezová, Slovakia 70 100.00% Direct Yes ŽPWCs.r.o. Podbrezová, Slovakia 33 100.00% Direct Yes OTHER EQUITY INTERESTS Nadácia Železiarne Podbrezová (Foundation) Podbrezová, Slovakia 7 100.00% Direct Yes STABILITA, d.d.s., a.s. Košice, Slovakia o 5.17% No Hutnictvi železa, a.s. Prague, Czech Republic o 2.34% No (1) Net carrying amount ot the investment (net ot provisions). Contributions in toreign currencies are translated using the European Central Bank exchange rate as al 31 December2010. 1