ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 56 4 Consolidated Statement of Comprehensive Income For the year ended 31 December 2021 (in euros) Note Year ended 31 Dec 2021 Year ended 31 Dec 2020 Sales of own products and merchandise 19 422 152 855 275 763 368 Sales of services 19 6 402 921 9 696 451 Changes in inventories of finished goods and work in progress 10 985 833 (1 817 646) Own work capitalised 20 12 123 953 10 544 207 Consumed material and energy, costs of merchandise sold (267 615 644) (160 993 284) Services (40 201 733) (34 055 365) Personnel expenses 21 (108 020 511) (95 895 292) Depreciation and amortisation (17 559 832) (15 829 939) Other operating income 22 8 772 404 14 219 314 Other operating expenses 22 (5 339 580) (4 220 198) Interest income 70 907 137 057 Interest expense (1 522 839) (1 304 729) Gain/(loss) from financial investments - (47 414) Other financial income 23 2 224 890 2 336 343 Other financial expenses 23 (846 876) (2 323 378) Profit/(loss) before tax 21 626 748 (3 790 505) Income tax expense 24 (2 926 678) 255 573 PROFIT/(LOSS) FOR THE YEAR 18 700 070 (3 534 932) Profit/(loss) attributable to: - Equity holders of ŽP 16 639 960 (3 899 683) - Minority interest 2 060 110 364 751 Total 18 700 070 (3 534 932) Other comprehensive income and losses that may be reclassified subsequently to profit or loss Hedging derivatives - - Foreign currency translation reserve 300 699 (355 104) Deferred tax related to other comprehensive income 9 - - Other comprehensive income/(losses) after tax 300 699 (355 104) Total comprehensive income/(loss) attributable to: - Equity holders of ŽP 16 955 845 (4 242 646) - Minority interest 2 044 924 352 610 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)