ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 6 6 Note 2020 2019 Cash flows from loans and borrowings 315 366 (650 000) Proceeds from repayment of loans and borrowings 2 363 590 - Payments for provided loans and borrowings (2 048 224) (650 000) Dividends received 3 486 031 4 673 306 Net cash generated by investing activities (7 203 155) (12 112 490) Cash flows from financing activities Change in non - current (current) liabilities - 7 800 000 Repayments of long - term (short - term) bank loans - - Proceeds from long - term other loans and borrowings - 9 000 000 Repayments of long - term (short - term) other loans and borrowings - (1 200 000) Expenditures related to derivatives (5 039) (3 842) Income related to derivatives 903 49 Expenditures for dividends paid (2 393 885) (4 283 185) Net cash generated by financing activities (2 398 021) 3 513 022 Net increase or net decrease in cash (283 158) (176 628) Cash and cash equivalents at the beginning of the reporting period 12 966 275 1 196 136 Cash and cash equivalents before reflecting foreign exchange differences at the end of the reporting period 683 117 1 019 508 Foreign exchange differences for cash and cash equivalents at the end of the reporting period 12 (203 857) (53 233) Foreign exchange losses (203 872) (53 551) Foreign exchange gains 15 318 Cash and cash equivalents at the end of the reporting period 12 479 260 966 275 SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS)