Annual report 2016

ANNUAL REPORT 2016 • Železiarne Podbrezová a.s. 4 4 Separate Statement of Comprehensive Income For the year ended 31 December 2016 (in euros) Note Year ended 31 December 2016 Year ended 31 December 2015 Sales of own products and merchandise 19 183 965 541 215 551 172 Sales of services 19 5 830 430 6 184 931 Changes in inventories of finished products and work in progress (2 670 707) (6 537 677) Own work capitalised 20 5 746 914 6 887 211 Raw materials and consumables used 21 (115 646 115) (138 586 123) Services (19 334 908) (19 635 387) Personnel expenses 22 (54 251 399) (55 411 692) Depreciation and amortisation (8 047 283) (7 945 772) Other operating revenues 23 1 057 103 1 688 637 Other operating expenses 23 (928 415) (2 142 343) Interest income 24 311 996 1 707 Interest expense 25 (677 634) (1 069 832) Other financial income 26 49 187 964 5 635 384 Other financial expenses 26 (558 742) (645 738) Profit/(loss) before tax 43 984 745 3 974 478 Income tax expense 27 (7 749 772) (239 291) PROFIT/(LOSS) FOR THE YEAR 36 234 973 3 735 187 Other comprehensive income and losses that may be reclassified subsequently to profit or loss Other comprehensive income and losses after tax - - Total profit/(loss) for the year 36 234 973 3 735 187 Separate Statement of Changes in Equity For the year ended 31 December 2016 (in euros) Share capital Legal reserve fund Retained earnings Total Opening balance at 1 January 2015 81 060 590 16 212 118 94 018 778 191 291 486 Dividends paid - - (4 768 270) (4 768 270) Total comprehensive income for the year - - 3 735 187 3 735 187 Closing balance at 31 December 2015 81 060 590 16 212 118 92 985 695 190 258 403 Dividends paid - - (28 609 620) (28 609 620) Total comprehensive income for the year - - 36 234 973 36 234 973 Closing balance at 31 December 2016 81 060 590 16 212 118 100 611 048 197 883 756 SEPARATE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016 (IN EUROS) SEPARATE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2016 (IN EUROS)