Annual report 2017

2017 ANNUAL REPORT Železiarne Podbrezová a.s. 34 ŽP VVC s.r.o. The company performs R&D activities in physical metallurgy, metal forming, material engineering and process modelling and simulation. Applied R&D is mainly carried out for the parent company and, to a lesser extent, for external customers. The company also participates in international research projects. In 2017, the company generated revenues from the sale of own outputs totalling EUR 879 thousand. The company’s equity as at 31 December 2017 amounted to EUR 234 thousand and the company reported a profit after tax of EUR 75 thousand. ŽP Rehabilitácia s.r.o. The company was established in 2011 and provides outpatient physiotherapy, balneology and therapeutic rehabilitation services primarily for ŽP GROUP employees, and also for the public. In 2017, the company generated own outputs totalling EUR 261 thousand. The company’s equity as at 31 December 2017 amounted to EUR 94 thousand and the company reported a profit of EUR 25 thousand. REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS, AND FINANCIAL PERFORMANCE IN 2017 AND INFORMATION ON THE BUSINESS PLAN