Annual report 2019

49 Železiarne Podbrezová a.s.: ANNUAL REPORT 2019 5 Consolidated Statement of Changes in Equity For the year ended 31 December 2019 (in euros) 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 January 2018 81 060 590 17 246 073 73 588 96 203 975 194 584 226 10 324 129 204 908 355 Dividends paid - - - (4 768 270) (4 768 270) (286 169) (5 054 439) Distribution of profit - 87 581 - (87 581) - - - Net profit/(loss) for the year - - - 17 479 868 17 479 868 752 111 18 231 979 Changes in interests in subsidiaries - - - (15 602) (15 602) (52 472) (68 074) Other comprehensive income - - (98 047) - (98 047) - (98 047) Closing Balance at 31 December 2018 81 060 590 17 333 654 (24 459) 108 812 390 207 182 175 10 737 599 217 919 774 Dividends paid - - - (4 291 443) (4 291 443) (442 700) (4 734 143) Distribution of profit - 112 707 - (112 707) - - - Net profit/(loss) for the year - - - 8 024 667 8 024 667 370 356 8 395 023 Changes in interests in subsidiaries - - - - - - - Other comprehensive income - - 83 310 - 83 310 (6 190) 77 120 Closing Balance at 31 December 2019 81 060 590 17 446 361 58 851 112 432 907 210 998 709 10 659 065 221 657 774 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2019 (IN EUROS)