ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 48 4 Consolidated Statement of Comprehensive Income For the year ended 31 December 2020 (in euros) Note Year ended 31 Dec 2020 Year ended 31 Dec 2019 Sales of own products and merchandise 19 275 763 368 333 462 421 Sales of services 19 9 696 451 10 573 620 Changes in inventories of finished goods and work in progress (1 817 646) 3 451 880 Own work capitalised 20 10 544 207 11 224 645 Consumed material and energy, costs of merchandise sold (160 993 284) (190 612 336) Services (34 055 365) (38 006 494) Personnel expenses 21 (95 895 292) (104 697 125) Depreciation and amortisation (15 829 939) (15 612 503) Other operating income 22 14 219 314 6 221 181 Other operating expenses 22 (4 220 198) (4 919 675) Interest income 137 057 384 177 Interest expense (1 304 729) (1 508 414) Gain/(loss) from financial investments (47 414) 146 789 Other financial income 23 2 336 343 862 748 Other financial expenses 23 (2 323 378) (825 660) Profit/(loss) before tax (3 790 505) 10 145 254 Income tax expense 24 255 573 (1 750 231) PROFIT/(LOSS) FOR THE YEAR (3 534 932) 8 395 023 Profit/(loss) attributable to: - Equity holders of ŽP (3 899 683) 8 024 667 - Minority interest 364 751 370 356 Total (3 534 932) 8 395 023 Other comprehensive income and losses that may be reclassified subsequently to profit or loss Hedging derivatives - - Foreign currency translation reserve (355 104) 77 120 Deferred tax related to other comprehensive income 9 - - Other comprehensive income/(losses) after tax (355 104) 77 120 Total comprehensive income/(loss) attributable to: - ŽP Shareholders (4 242 646) 8 107 977 - Minority shareholders 352 610 364 166 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS)