ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 24 31 Dec 2021 31 Dec 2020 ASSETS NON-CURRENT ASSETS Property, plant and equipment 118 640 116 691 Intangible assets 75 84 Investments in subsidiaries and joint ventures 79 891 78 932 Available-for-sale investments - 94 Other assets 126 277 Total non-current assets 198 732 196 078 CURRENT ASSETS Inventories 72 002 53 453 Trade receivables and other financial assets 51 783 40 439 Current tax asset 3 12 Other assets 1 991 568 Cash and cash equivalents 176 479 Total current assets 125 954 94 951 TOTAL ASSETS 324 686 291 029 EQUITY AND LIABILITIES CAPITAL AND RESERVES Share capital 81 061 81 061 Legal and other funds 16 212 16 212 Retained earnings 114 025 108 366 Total equity 211 298 205 639 LIABILITIES NON-CURRENT LIABILITIES Interest-bearing loans and borrowings 23 550 27 370 Other liabilities 3 091 2 178 Provision for employee benefits 8 104 7 404 Deferred tax liability 4 124 5 670 Total non-current liabilities 38 870 42 622 CURRENT LIABILITIES Interest-bearing loans and borrowings 38 078 20 552 Trade and other payables 36 440 22 216 Current tax liability - - Total current liabilities 74 518 42 768 Total liabilities 113 388 85 390 TOTAL EQUITY AND LIABILITIES 324 686 291 029 Information from the Separate Statement of Financial Position as at 31 December 2021 (in EUR ’000) REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2021 AND INFORMATION ON THE BUSINESS PLAN