ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 15 15 8 OTHER NON-CURRENT ASSETS 31 December 2020 31 December 2019 Non - current borrowing provided 53 394 Deferred expenses 85 018 91 463 Other non - current receivables 138 014 141 023 Total 276 426 232 486 The provided borrowing represents a non - current portion ofgradually paid funds to UHL s.r.o. in line with the concluded Borrowing Agreement. 9 INVENTORIES 31 December 2020 31 December 2019 Raw materials and spare parts 24 488 444 26 800 877 Work in progress 14 373 910 14 588 830 Finished products 16 065 489 14 065 970 Merchandise 396 356 552 200 Provision (1 871 574) (1 156 532) Total 53 452 625 54 851 345 At 31 December 2020 and 31 December 2019, none of the inventories were pledged to secure bank loans. Provisions for inventories Balance as at 1 January 2020 Creation Use Cancellation Balance as at 31 December 2020 Raw materials and spare parts 645 729 277 318 313 919 13 025 596 103 Work in progress - - - - - Finished products 442 270 1 174 649 442 270 - 1 174 649 Merchandise 68 533 57 689 25 400 - 100 822 Total 1 156 532 1 509 656 781 589 13 025 1 871 574 Movements in provisions for inventories are included in “Other operating expenses and income”. Insurance of inventories Insured assets Type of insurance Name and address of the insurance company Amount insured Inventories (work in progress, semi - finished products, finished products) Against all risks Allianz - Slov. poisťovňa, a.s., Bratislava 55 000 000 10 TRADE RECEIVABLES AND OTHER FINANCIAL ASSETS 31 December 2020 31 December 2019 Trade receivables 24 788 425 28 681 919 Borrowings provided to related parties 1 054 685 500 000 Other tax assets 2 971 429 2 678 022 Receivables from subsidies 1 770 053 50 337 Other receivables 10 446 001 2 031 378 Allowance for doubtful amounts (591 983) (886 220) Total trade and other receivables 40 438 610 33 055 436 Other tax assets of EUR 2 971 thousand (31 December 2019: EUR 2 678 thousand) represent VAT receivables. Provided borrowings comprise borrowings provided to UHL holding a.s., UHL s.r.o. and KBZ s.r.o. in the amount of EUR 1 055 thousand (31 December 2019: EUR 500 thousand). Receivables from subsidies are described in Note 29. Other receivables of EUR 10 446 thousand primarily comprise a notarial custody and a provided short - term borrowing (31 December 2019: EUR 2 031 thousand). As at 31 December 2020 and 31 December 2019, none of the Company’s receivables were subject to a lien established as collateral for bank loans. The breakdown of trade and other receivables: 31 December 2020 31 December 2019 Current receivables 39 473 281 28 280 689 Overdue receivables 1 557 312 5 660 967 Total 41 030 593 33 941 656 The ageing structure of overdue receivables for which no provision was recorded: 31 December 2020 31 December 2019 Within 90 days 956 822 4 562 880 90 – 180 days - 211 810 180 – 360 days - - Over 360 days 2 000 - Total 958 822 4 774 690 NOTES TO THE SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (IN EUROS)