Annual report 2017

Železiarne Podbrezová a.s. CONSOLIDATED STATEMENT OF COPREHENSIVE INCOME For the year ended 31 December 2017 (In whole euros) The accompanying notes are an integral part of the consolidated financial statements. This is an English language translation of the original Slovak language document. 4 Note Year ended 31 Dec 2017 Year ended 31 Dec 2016 Sales of own products and merchandise 19 321 484 433 315 764 459 Sales of services 19 12 021 711 13 266 312 Changes in inventories of finished goods and work in progress 3 114 551 (1 716 987) Own work capitalised 20 9 712 464 9 793 189 Consumed material and energy, costs of merchandise sold (193 328 451) (172 378 846) Services (35 713 545) (39 413 741) Personnel expenses 21 (92 714 300) (103 672 710) Depreciation and amortisation (14 992 318) (20 145 582) Other operating income 22 5 386 057 2 783 879 Other operating expenses 22 (4 189 614) (4 783 964) Interest income 320 864 315 421 Interest expense (1 056 172) (1 375 487) Gain/(loss) from financial investments 2 618 (12 021 992) Other financial income 23 1 047 708 927 468 Other financial expenses 23 (1 570 541) (1 354 646) Profit/(loss) before tax 9 525 465 (14 013 227) Income tax expense 24 (2 573 108) (7 505 484) Profit/(loss) for the year 6 952 357 (21 518 711) Profit/(loss) attributable to: Equity holders of ŽP 6 376 565 (21 984 952) Minority interest 575 792 466 241 Total 6 952 357 (21 518 711) Other comprehensive income and losses that may be reclassified subsequently to profit or loss Hedging derivatives - - Foreign currency translation reserve 116 314 (9 532) Deferred tax related to other comprehensive income 9 - - OTHER COMPREHENSIVE INCOME/(LOSSES) AFTER TAX 116 314 (9 532) TOTAL COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO: ŽP shareholders 6 492 879 (21 994 484) Minority shareholders 575 792 466 241