ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 20 21 22 PERSONNEL EXPENSES Year ended 31 December 2021 31 December 2020 Wages and salaries 50 725 204 45 756 065 Social security contributions 22 571 875 19 895 570 Total 73 297 079 65 651 635 The Company had 2 977 employees as at 31 December 2021, of which 102 were managers (31 December 2020: 2 921 employees, of which 102 were managers). The full - time equivalent of employees for the year ended 31 December 2021 was 3 018 (31 December 2020: 2 993). 23 OTHER OPERATING REVENUES AND EXPENSES Other operating revenues, net comprise the following: Year ended 31 December 2021 31 December 2020 Profit on the sale of property, plant, equipment and intangibles - 451 228 Profit on the sale of raw materials 574 592 321 486 Proceeds from grants 5 100 776 9 018 165 Insurance benefits from insurance companies 67 213 267 544 Other operating revenues 180 224 2 064 706 Total other operating revenues, net 5 922 805 12 123 129 Revenues from subsidies are described in Note 29. Other operating expenses, net comprise the following: Year ended 31 December 2021 31 December 2020 (Additions to)/release of provisions for receivables and inventories (527 836) 1 034 391 Change in impairment of property, plant and equipment 21 929 (6 313) Insurance premium 1 085 858 949 709 Other taxes and charges 338 534 334 392 Other operating expenses 2 857 759 1 228 869 Total other operating expenses 3 776 244 3 541 048 Other operating expenses primarily comprise provisioning for emission allowances of EUR 1 567 thousand, provided donations of EUR 844 thousand, and a loss from the assignment of receivables of EUR 77 thousand. 24 INTEREST INCOME Year ended 31 December 2021 31 December 2020 Interest income on borrowings 54 930 149 180 Total interest income 54 930 149 180 25 INTEREST EXPENSE Year ended 31 December 2021 31 December 2020 Loans and borrowings 840 755 617 110 Other (1 105) 1 423 Total interest expense 839 650 618 533 26 OTHER FINANCIAL INCOME AND EXPENSES Other financial income comprises the following items: Year ended 31 December 2021 31 December 2020 Dividends from financial investments 2 311 232 3 486 031 Foreign exchange gains 411 246 433 175 Revenues from financial derivatives 33 742 903 Proceeds from the sale of financial investments 424 423 134 634 Other financial income 37 328 1 164 354 Total other financial income 3 217 971 5 219 097 Proceeds from the sale of financial investments of EUR 424 thousand comprise the gain from the sale of a share in Stabilita d.d.s., a.s. NOTES TO THE SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)