Annual report 2014

Report by the Board of Directors On the business activities, assets, and financial performance in 2014 and information on the business plan REPORT ON THE ACTIVITIES OF CONSOLIDATED ENTITIES The amount of investments in subsidiaries, joint ventures and affiliates of ŽP a.s. as at 31 December 2014 recognised in line with IFRS amounted to EUR 96 807 thousand, which is a 34.1% share in the Company’s total assets.