ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 49 5 Consolidated Statement of Changes in Equity For the year ended 31 December 2020 (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 2019 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 Dividends paid - - - (2 384 135) (2 384 135) (286 729) (2 670 864) Distribution of profit - 54 259 - (54 259) - - - Net profit/(loss) for the year - - - (3 899 683) (3 899 683) 364 751 (3 534 932) Changes in interests in subsidiaries - (54 598) - 54 598 - (167 677) (167 677) Other comprehensive income - - (342 963) - (342 963) (12 141) (355 104) Closing Balance at 31 December 2020 81 060 590 17 446 022 (284 112) 106 149 428 212 171 294 10 557 269 214 929 197 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS))