Annual report 2014

6eport b] tLe &oard oJ (ireGtors 3n tLe business aGtivities assets and ƤnanGial perJorQanGe in and inJorQation on tLe business plan PurGLase oJ 7trateKiG 6a[ 1aterials and )nerK] 'oQplianGe [itL -73 standards in business relationsLips [itL suppliers oJ ra[ Qaterials and a strinKent pa]Qent dis - Gipline Las enabled us to iQprove our suppl] aGtivities still JurtLer espeGiall] in terQs oJ Uualit] and deliver] tiQes. 8Le purGLase priGe level [as stable in . 8Le endinK oJ steel produGtion in )astern 7lovaOia in 703:A/-A 78))0 1-007 a.s. restored tLe balanGe oJ suppl] and deQand Jor sGrap steel in 'entral )urope and Qade QarOet priGes Qore real - istiG and Lad a positive iQpaGt on purGLase priGes oJ sGrap steel GoQpared [itL tLe previous ]ear. -n [e purGLased ra[ Qaterials in tLe total aQount oJ )96 tLousand oJ [LiGL . [ere iQports. As usual our priorities inGluded tLe purGLase oJ sGrap steel Jer - ro additives and piK iron as [ell as Leat resistant Qaterials and spare parts. ;Len purGLasinK ra[ Qaterials [e traded [itL Qore tLan business partners in . -n [e purGLased a total oJ tonnes oJ sGrap steel oJ [LiGL . [ere supplies b] our subsidiaries ŽP )/3 5)0)8 a.s. and /&> s.r.o. -n [e purGLased a total oJ 1;L oJ eleGtriGit] an . inGrease GoQpared to tLe previous ]ear. 3ur sQall L]droeleGtriG po[er plants and tLe Go Keneration unit pro - duGed 1;L oJ eleGtriGit] [LiGL represents a . sLare oJ internal Keneration in our total annual GonsuQp - tion. 8Le purGLase priGe oJ eleGtriGit] deGreased b] . GoQpared to . -n [e purGLased . Qillion Q 3 oJ natural Kas JroQ 7lovensOʀ pl]nárensOʀ prieQ]sel a. s. Jor our GonsuQption. 'apital -nvestQents and 'are Jor 8eGLnoloKiGal )UuipQent ;Lereas [as one oJ tLe Qost iQportant Qilestones in tLe 'oQpan]ŭs Listor] in terQs oJ Gapital investQent [e invested onl] )96 . Qillion in [LiGL does not even represent a rene[al level. ,o[ever in terQs oJ eGonoQiG beneƤts tLe iQpleQented investQent proNeGts are oJ a Kreat iQportanGe Jor tLe 'oQpan]. ;itL respeGt to tLe teGLnoloKiGal eUuipQent in at our ne[ JaGilit] Jor tLe Gontinuous GastinK oJ steel [e introduGed a ne[ JorQat oJ steel billets intended Jor JurtLer proGessinK in tLe produGtion oJ rolled tubes [itL a Uuadrate Gross seG - tion oJ \ QQ [itL a QQ radius oJ Gurvature in tLe Gorners oJ tLe GastinK. AnotLer investQent in inGreasinK tLe Uualit] oJ preGision tube produGtion [as tLe GonstruGtion oJ a seven belt tube Krinder. 6eKardinK enerK] issues in tLe seGond staKe oJ [aste Leat utilisation JroQ tLe e\Laust pipe GoolinK oJ tLe )A* JurnaGe in tLe steel Qill a JurtLer eiKLt buildinKs [ere GonneGted to tLis sourGe. 8Le Leat JroQ tLe pipe is used to Leat industrial [ater and Jor LeatinK purposes. ;e also aGUuired seven QaGLines as part oJ tLe Ű-ntroduG - tion oJ (ual )duGation and )stablisLQent oJ a :oGational 8raininK 'entreű proNeGt ƤnanGed JroQ tLe Junds oJ tLe 1in - istr] oJ )duGation 7GienGe 6esearGL and 7port oJ tLe 7lovaO 6epubliG. 8Le Qost siKniƤGant investQent in struGtures [as tLe reJur - bisLQent oJ a soGial buildinK oJ tLe tube rollinK Qill. 8Le 'oQpan] perJorQed repairs in tLe total aQount oJ )96 tLousand [LiGL is an inGrease oJ )96 tLousand GoQpared to in order to ensure tLe reliable operation oJ tLe teGLniGal eUuipQent and in order to Qaintain tLe struGtures and buildinKs.