ANNUAL REPORT 2021

23 24 The following tables summarise the residual maturity period of the Company’s non - derivative financial liabilities. The tables have been prepared based on undiscounted cash flows from financial liabilities assuming the earliest possible date on which the Company can be required to settle the liabilities. The table includes cash flows from both the interest and principal during the term of a loan agreement. Weighted average effective interest rate Up to 1 month 1 – 3 months 3months to 1 year 1 – 5 years 5+ years Total 2021 Interest - free liabilities 32 501 628 873 258 2 712 420 56 576 40 36 143 922 Floating interest rate instruments (loans) 1.2 – 1.45 % 12 272 333 18 067 680 5 148 917 12 279 367 - 47 768 297 Fixed interest rate instruments (loans) 2.00 % 24 731 715 617 2 349 153 11 783 567 - 14 873 068 44 798 692 19 656 555 10 210 490 24 119 510 40 98 785 287 2020 Interest - free liabilities 19 561 825 457 041 1 891 267 48 114 40 21 958 287 Floating interest rate instruments (loans) 1.2 – 1.45 % 20 558 104 43 500 132 917 12 455 783 - 33 190 304 Fixed interest rate instruments (loans) 2.00 % 26 471 50 379 234 819 15 681 669 - 15 993 338 40 146 400 550 920 2 259 003 28 185 566 40 71 141 929 b) Fair value estimation The face values less any estimated credit adjustments for financial assets and liabilities with a maturity of less than one year are assumed to approximate their fair values. The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate available to the Company for similar financial instruments. 31 RELATED PARTY TRANSACTIONS 31.1 Members of statutory and supervisory bodies Remuneration paid to themembers ofthe Company’s Board of Directorsand Supervisory Boardfor the year ended 31 December 2021 amounted to EUR 394 thousand (year ended 31 December 2020: EUR 1 119 thousand). Remuneration is included in personnel expenses. 31.2 Other related parties CPA s.r.o. is the parent company of ŽP. During 2021, the Company entered into the following transactions with related parties: Receivables as at 31 December 2021 Payables as at 31 December 2021 Sales of goods and services in 2021 Purchases of goods and services in 2021 Ultimate owners - 14 360 000 - 302 774 CPA s.r.o. - parent company 3 123 14 730 2 769 178 844 Subsidiaries and joint ventures 26 730 202 11 042 481 184 274 519 128 114 075 Associates 3 977 285 3 669 6 909 265 163 Other related parties 68 828 29 915 180 057 885 186 30 779 438 25 450 795 191 366 610 129 481 042 During 2020, the Company entered into the following transactions with related parties: Receivables as at 31 December 2020 Payables as at 31 December 2020 Sales of goods and services in 2020 Purchases of goods and services in 2020 Ultimate owners - 15 370 000 - 312 523 CPA s.r.o. - parent company 3 130 800 8 549 128 703 Subsidiaries and joint ventures 15 653 126 4 002 778 121 630 022 60 330 927 Associates 1 618 922 18 784 4 690 255 847 363 Other related parties 19 337 192 848 623 617 939 853 17 294 515 19 585 210 126 952 443 62 559 369 Transactions with ultimate owners comprise received borrowings. Transactions with the parent company represent advisory services and rental of premises. Transactions with subsidiaries and associates represent sales of ŽP products, catering services, IT services, accommodation, leisure - time services, purchase of metal scrap, and, transportation services. NOTES TO THE SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)