ANNUAL REPORT 2021

57 5 Consolidated Statement of Changes in Equity For the year ended 31 December 2021 (in euros) Share capital Legal reserve fund Hedging and translation reserve Retained earnings Equity attributable to equity holders of ŽP Minority interests Total Opening Balance at 1 January 2020 81 060 590 17 446 361 58 851 112 432 907 210 998 709 10 659 065 221 657 774 Dividends paid - - - (2 384 135) (2 384 135) (286 729) (2 670 864) Distribution of profit - 54 259 - (54 259) - - - Net profit/(loss) for the year - - - (3 899 683) (3 899 683) 364 751 (3 534 932) Changes in interests in subsidiaries - (54 598) - 54 598 - (167 677) (167 677) Other comprehensive income - - (342 963) - (342 963) (12 141) (355 104) Closing Balance at 31 December 2020 81 060 590 17 446 022 (284 112) 106 149 428 204 371 928 10 557 269 214 929 197 Dividends paid - - - - - (242 261) (242 261) Distribution of profit - 43 080 - (43 080) - - - Net profit/(loss) for the year - - - 16 639 960 16 639 960 2 060 110 18 700 070 Changes in interests in subsidiaries - - - - - 327 856 327 856 Other comprehensive income - - 315 885 - 315 885 (15 186) 300 699 Closing Balance at 31 December 2021 81 060 590 17 489 102 31 773 122 746 308 221 327 773 12 687 788 234 015 561 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)