Annual report 2017

Železiarne Podbrezová a.s. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 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. 5 Share capital Legal reserve fund Hedging and translation reserve Retained earnings Equity attributable to equity holders of ŽP Minority interests Total Opening Balance at 1 Jan 2016 81 060 590 18 594 377 (13 646 525) 155 802 931 241 811 373 11 225 755 253 037 128 Dividends paid - - - (28 609 620) (28 609 620) (484 729) (29 094 349) Distribution of profit - 54 059 - (54 059) - - - Net profit/(loss) for the year - - - (21 984 952) (21 984 952) 466 241 (21 518 711) Disposal from the sale of a subsidiary - (1 474 944) 13 613 331 (12 138 387) - (227 235) (227 235) Changes in interests in subsidiaries - - - (701 041) (701 041) (341 979) (1 043 020) Other comprehensive income - - (9 532) - (9 532) - (9 532) Closing Balance at 31 Dec 2016 81 060 590 17 173 492 (42 726) 92 314 872 190 506 228 10 638 053 201 144 281 Dividends paid - - - (2 384 135) (2 384 135) (320 599) (2 704 734) Distribution of profit - 72 581 - (72 581) - - - Net profit/(loss) for the year - - - 6 376 565 6 376 565 575 792 6 952 357 Disposal from the sale of a subsidiary - - - - - - - Changes in interests in subsidiaries - - - (30 746) (30 746) (569 117) (599 863) Other comprehensive income - - 116 314 - 116 314 - 116 314 Closing Balance at 31 Dec 2017 81 060 590 17 246 073 73 588 96 203 975 194 584 226 10 324 129 204 908 355