ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 6 7 Note 2021 2020 Cash flows from loans and borrowings (158 718 ) 315 366 Proceeds from repayment of loans and borrowings 767 888 2 363 590 Payments for provided loans and borrowings (926 606) (2 048 224) Dividends received 2 314 673 3 486 031 Net cash generated by investing activities (12 060 987) (7 203 155) Cash flows from financing activities Change in non - current (current) liabilities (1 010 000) - Repayments of long - term (short - term) bank loans - - Proceeds from long - term other loans and borrowings - - Repayments of long - term (short - term) other loans and borrowings (1 010 000) - Expenditures related to derivatives (13 622) (5 039) Income related to derivatives 121 842 903 Expenditures for dividends paid (1 319) (2 393 885 ) Net cash generated by financing activities (903 099) (2 398 021) Net increase or net decrease in cash (290 401) (283 158) Cash and cash equivalents at the beginning of the reporting period 12 479 260 966 275 Cash and cash equivalents before reflecting foreign exchange differences at the end of the reporting period 188 859 683 117 Foreign exchange differences for cash and cash equivalents at the end of the reporting period 12 (12 861) (203 857 ) Foreign exchange losses (18 846) (203 872) Foreign exchange gains 5 985 15 Cash and cash equivalents at the end of the reporting period 12 175 998 479 260 SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)