ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 26 Year ended 31 Dec 2020 Year ended 31 Dec 2019 Sales of own products and merchandise 191 101 245 285 Sales of services 5 312 5 773 Changes in inventories of finished products and work in progress 1 785 2 231 Own work capitalised 6 570 6 734 Raw materials and consumables used (126 575) (154 853) Services (21 117) (22 659) Personnel expenses (65 652) (73 281) Depreciation and amortisation (7 950) (7 962) Other operating revenues 12 123 4 647 Other operating expenses (3 541) (3 177) Interest income 149 319 Interest expense (619) (517) Other financial income 5 219 5 038 Other financial expenses (1 251) (453) Profit/(loss) before tax (4 443) 7 126 Income tax 1 432 113 PROFIT/(LOSS) FOR THE YEAR (3 011) 7 239 Other comprehensive income and losses after tax - - Total profit/(loss) for the year (3 011) 7 239 Information from the separate statement of comprehensive income under IFRS for the year ended 31 December 2020 (in EUR '000) REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2020 AND INFORMATION ON THE BUSINESS PLAN