ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 4 4 Separate Statement of Comprehensive Income For the year ended 31 December 2020 (in euros) Note Year ended 31 December 2020 Year ended 31 December 2019 Sales of own products and merchandise 19 191 101 403 245 284 744 Sales of services 19 5 312 413 5 772 737 Changes in inventories of finished products and work in progress 1 784 599 2 230 826 Own work capitalised 20 6 570 156 6 734 161 Raw materials and consumables used 21 (126 574 818) (154 852 582) Services (21 116 658) (22 658 939) Personnel expenses 22 (65 651 635) (73 280 642) Depreciation and amortisation (7 949 626) (7 962 203) Other operating revenues 23 12 123 129 4 647 390 Other operating expenses 23 (3 541 048) (3 176 836) Interest income 24 149 180 318 827 Interest expense 25 (618 533) (516 918) Other financial income 26 5 219 097 5 038 255 Other financial expenses 26 (1 250 659) (452 929) Profit/(loss) before tax (4 443 000) 7 125 891 Income tax expense 27 1 432 489 113 368 PROFIT/(LOSS) FOR THE YEAR (3 010 511) 7 239 259 Other comprehensive income and losses that may be reclassified subsequently to profit or loss Other comprehensive income and losses after tax - - Total profit/(loss) for the year (3 010 511) 7 239 259 Separate Statement of Changes in Equity For the year ended 31 December 2020 (in euros) Share capital Legal reserve fund Retained earnings Total Opening balance at 1 January 2019 81 060 590 16 212 118 110 813 087 208 085 795 Dividends paid - - (4 291 443) (4 291 443) Total comprehensive income/(loss) for the year - - 7 239 259 7 239 259 Closing balance at 31 December 2019 81 060 590 16 212 118 113 760 903 211 033 611 Dividends paid - - (2 384 135) (2 384 135) Total comprehensive income/(loss) for the year - - (3 010 511) (3 010 511) Closing balance at 31 December 2020 81 060 590 16 212 118 108 366 257 205 638 965 4 Separate Statement of Comprehensive Income For the year ended 31 December 2020 (in euros) Note Year ended 31 December 2020 Year ended 31 December 2019 Sales of own products and merchandise 19 191 101 403 245 284 744 Sales of services 19 5 312 413 5 772 737 Changes in inventories of finished products and work in progress 1 784 599 2 230 826 Own work capitalised 20 6 570 156 6 734 161 Raw materials and consumables used 21 (126 574 818) (154 852 582) Services (21 116 658) (22 658 939) Personnel expenses 22 (65 651 635) (73 280 642) Depreciation and amortisation (7 949 626) (7 962 203) Other operating revenues 23 12 123 129 4 647 390 Other operating expenses 23 (3 541 048) (3 176 836) Interest income 24 149 180 318 827 Interest expense 25 (618 533) (516 918) Other financial income 26 5 219 097 5 038 255 Other financial xpenses 6 ( 250 65 ) (452 929) Profit/(loss) before tax (4 443 000) 7 125 891 Income tax exp e 27 1 432 489 113 368 PROFIT/(LOSS) FOR THE YEAR (3 010 511) 7 239 259 Other c mprehensive income and losses that may be reclassified subsequently to profit or loss Other comprehensive income and losses after tax - - Total profit/(loss) for the year (3 010 511) 7 239 259 Separate Statement of Changes in Equity For the year ended 31 December 2020 (in euros) Share capital Legal reserve fund Retained earnings Total Opening balance at January 2019 0 813 087 08 85 795 Dividends paid - - (4 291 443) (4 291 443) Total com rehensive income/(loss) for the year 7 239 259 7 239 259 Closing balanc at 31 December 2019 81 060 590 16 212 118 11 76 903 211 33 6 Dividends paid - - (2 384 135) (2 384 135) Total comprehensive income/(loss) for the year - - (3 010 511) (3 010 511) Closing balance at 31 December 2020 81 060 590 16 212 118 108 366 257 205 638 965 SEPARATE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS) SEPARATE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS)