ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 64 20 17 PROVISIONS Warranties Litigations Total 2020 Total 2019 Balance at 1 Jan 110 297 800 346 910 643 921 096 Provisions created during the year - 4 717 4 717 60 Use/reversal of a provision during the year (8 604) (304 017) (312 621) (10 513) Balance at 31 Dec 101 693 501 046 602 739 910 643 The provisions are included in liabilities as follows: Current liabilities (included in trade and other payables) Non-current liabilities Total As at 31 Dec 2019 26 017 884 626 910 643 As at 31 Dec 2020 26 717 576 022 602 739 18 TRADE AND OTHER FINANCIAL PAYABLES 31 Dec 2020 31 Dec 2019 Trade payables 20 492 677 16 772 752 Payables to related parties 13 465 47 161 Payables to employees and social security payables 9 373 951 10 377 805 Other tax payables 1 733 358 1 728 268 Other payables 980 671 2 136 962 Total trade and other financial payables 32 594 122 31 062 948 Breakdown of trade and other financial payables: 31 Dec 2020 31 Dec 2019 Payables within due date 31 951 701 30 429 438 Payables after due date 642 421 633 510 Total 32 594 122 31 062 948 Social Fund liabilities (included in payables to employees and social security payables): Amount Opening balance as at 1 Jan 2020 97 314 Total creation 687 126 Total drawing (669 625) Closing balance as at 31 Dec 2020 114 815 19 REVENUES Revenues comprise the following items: Year ended 31 Dec 2020 31 Dec 2019 Own products and merchandise 275 763 368 333 462 421 Services 9 696 451 10 573 620 Total revenues 285 459 819 344 036 041 Geographical breakdown of generated revenues by the registered office of the parent company and its subsidiaries: Year ended 31 Dec 2020 31 Dec 2019 Slovak Republic 111 491 811 126 535 343 Czech Republic 19 296 599 30 044 742 Poland 25 770 065 33 896 445 Germany 20 948 048 22 689 262 Italy 76 513 761 96 227 824 Spain 27 357 671 31 757 532 USA 4 081 864 2 884 892 Total revenues 285 459 819 344 036 041 20 OWN WORK CAPITALISED Year ended 31 Dec 2020 31 Dec 2019 Own work capitalised – raw material 5 543 754 6 147 327 Own work capitalised – internal services 3 715 296 4 172 757 Own work capitalised – non - current tangible and intangible assets 1 285 157 904 561 Total own work capitalised 10 544 207 11 224 645 “Own work capitalised – raw material” represents the processing of material by own capacities for its further use in production. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS)