Annual report 2015

Železiarne Podbrezová a.s. Annual report 2015 The financial data presented in the Annual Report is con - sistent with the data disclosed in the separate financial statements. To comply with the requirements of Slovak leg - islation, in particular Act No. 431/2002 Coll. on Accounting, Železiarne Podbrezová a.s. prepared its separate financial statements for the period from 1 January 2015 to 31 De - cember 2015 in accordance with International Financial Re - porting Standards (IFRS) as adopted by the European Union. Significant Events T hat Occurred After the Reporting Period An agreement on the sale of ŽĎAS, a.s., including its sub - sidiaries, TS Plzeň a.s. and ŽĎAS SGS GmbH, was signed on 30 March 201 6 . The entities will be sold and the ownership and control will be changed only after permits are granted by competent state authorities and financing banks. The sale is expected to take place by 30 June 2016. From 31 December 2015 up to the issue date of the financial statements, there were no such events that would have a significant impact on the Company’s assets and liabilities, except for those result - ing from the ordinary course of business operations. Data from Separate IFRS Statement of Changes in Equity for the year ended 31 December 2015 (in EUR ‘000) Share capital Legal reserve fund Retained earnings Total Opening balance at 1 Jan 2014 81 061 16 212 89 075 186 348 Dividends paid - - (2 384) (2 384) Total comprehensive income for the year - - 7 328 7 328 Closing balance at 31 December 2014 81 061 16 212 94 019 191 292 Dividends paid - - (4 768) (4 768) Total comprehensive income for the year - - 3 735 3 735 Closing balance at 31 December 2015 81 061 16 212 92 986 190 259 Report by the Board of Directors on Business Activities, Assets, and Financial Performance in 2015 and Information on the Business Plan 27