annual report 2004 - Severočeské doly a.s.

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24 —— 25 Product structure (%) industrial mixes 86.3% Cube ko2 2.5% Nut o1 4.0% Nut o2 3.4% rough powder 3.8% 0 10 20 30 40 50 60 70 80 90 100 uneven distribution over the territory of the Czech Republic. Retail distributors respond very flexibly to market requirements. Their mutual competition affects pricing, as well as the quality and availability of products. The company is in direct contact with all links in the distribution chain. Information analysed by the company underlines the positive developments in demand for the fuel sold by Severočeské doly. Coverage of the Czech Republic by significant dealers in fuel from Severočeské doly: Significant fuel dealers of Severočeské doly a.s. in the Czech Republic Expositions and Trade Fairs Severočeské doly profiles its activities and consolidates its corporate image by participating in expositions and trade fairs. In 2004, the company took part in top international trade fairs, including the International Mechanical Engineering Fair in Brno. The company also attended the prestigious Aqua-therm Praha fair, which specializes in the energy sector, heating systems for buildings, and the environment. In the scope of the side programmes of fairs and expositions, Severočeské doly organizes expert seminars, focusing on new progressive technologies of brown-coal combustion which reduce the environmental burden at power plants certified in accordance with European standards and meeting criteria laid down in the Clean Air Act. Specialized seminars were also held outside the scope of expositions and fairs (e.g. for army representatives from VUSS, the Military Accommodation and Facility Management Authority) in order to address the broader professional public active in various sectors. Target groups are mayors and parish chairmen, the owners and operators of small and mediumsized plants, and the general public.
Future Trends Developments on the fuel market will hinge on the success achieved in fulfilling the goals of the Government Energy Concept, as the key document laying down the paths to be followed in energy management, the National Allocation Plan (the fulfilment of the conclusions of the Kyoto Protocol concerning reductions in the quantities of greenhouse gas discharged into the atmosphere), and the related energy policies in place in the individual regions of the Czech Republic. These are measures aimed at energy plants included in the company’s trading operations, which will have to achieve the required cut in energy sector emissions generated by the combustion of fossil fuels. The aim is to implement new, efficient combustion technology and to promote the use of renewable energy sources and gas fuels. The impact of the liberalization of energy markets in the Czech Republic and the pricing policies of rival producers will also affect the prospects of the brown-coal market. Production In 2004, the company extracted a total of 22.02 million tonnes of coal and 77.03 million m 3 of overburden. Doly Nástup Tušimice Doly Nástup extracted 12.9 million tonnes of coal. All of DNT’s production was supplied to ČEZ. Overburden extraction totalled 33.6 million m 3 . Libouš-West Quarry, North Quarry The North Quarry, in operation since 1997, is located in the western portion of Libouš-East Quarry, and follows up on advances from 1988–1992. The quarry is at the edge of the mining area, where the coal seam runs deep. It is advancing via overburden and coal sections in a southward direction towards Libouš Quarry, eliminating the danger of instability in the closing banks. Libouš-East Quarry The quarry is advancing in a northerly direction towards the border of the mining area near the town of Černovice. The town is protected from the adverse effects of the quarry by earth embankments. The border of the mining area will be reached by the overburden section in 2006, and by the coal quarry in 2014. Libouš-West and Libouš-East Quarries run extraction programmes in accordance with approved project documentation and the resulting Plan of Development, Preparation and Extraction, approved under mining authorization from the Most District Mining Authority of 4 December 1998. Libouš II Quarry After Libouš-East is mined out in both directions, the extraction of overburden from 2006 and coal from 2015 will continue in the final part of the mining area, in the newly opened quarry Libouš II Before the new quarry can be developed, it will be necessary to complete the rerouting of a section of the Chomutov – Březno railway line in order to take it out of the mining area; this stretch of relaid track should enter into operation in 2007. The quarry in the current mining area, compliant with the ecological limits imposed by Government Resolution No 444/1991, is expected to be shut down between 2030 and 2035. Overburden Disposal Extracted overburden materials are disposed of exclusively by back filling into internal spoil heaps. In order to free up the advancement of back-filling, conveyor technology from the former coal corridor has been dismantled.
Page 1 and 2: SEVEROČESKÉ DOLY a.s. — annual
Page 3 and 4: Severočeské doly a.s. is the larg
Page 5 and 6: RAM The operating part of a heavy t
Page 7 and 8: CONCERTINA The protective concertin
Page 9 and 10: Most Important Events of 2004 Janua
Page 12 and 13: 10 —— 11 Interview with the Cha
Page 14 and 15: 12 —— 13 Directors and Officers
Page 16 and 17: 14 —— 15 Jaroslav Volšický (*
Page 18 and 19: 16 —— 17 Executive Management T
Page 20 and 21: 18 —— 19 Company Profile Severo
Page 22 and 23: 20 —— 21 Report of the Board of
Page 24 and 25: 22 —— 23 Sales and Marketing Sa
Page 28 and 29: 26 —— 27 Developments in coal e
Page 30 and 31: 28 —— 29 Developments in invest
Page 32 and 33: 30 —— 31 How Investments are Fi
Page 34 and 35: 32 —— 33 Employee education str
Page 36 and 37: 34 —— 35 municipalities and oth
Page 38 and 39: 36 —— 37 tion plants based on t
Page 40 and 41: 38 —— 39 on the innovation of t
Page 42 and 43: 40 —— 41 Financial Performance
Page 44 and 45: 42 —— 43 sumption of materials
Page 46 and 47: 44 —— 45 Shares and Shareholder
Page 48 and 49: 46 —— 47 Right to a Dividend 1.
Page 50 and 51: 48 —— 49 Strategy and Outlook f
Page 52 and 53: 50 —— 51 Outlook for 2005 Terri
Page 54 and 55: 52 —— 53 Report of Independent
Page 56 and 57: 54 —— 55 Consolidated Statement
Page 58 and 59: 56 —— 57 Notes to Consolidated
Page 60 and 61: 58 —— 59 Held-to-maturity inves
Page 62 and 63: 60 —— 61 Segments The Group has
Page 64 and 65: 62 —— 63 6. Investments in Asso
Page 66 and 67: 64 —— 65 Deferred Taxes, Net At
Page 68 and 69: 66 —— 67 The effect on retained
Page 70 and 71: 68 —— 69 Cash and In-kind Incom
Page 72 and 73: 70 —— 71 Organizational Chart G
Page 74 and 75: 72 —— 73 Shareholder Financial
Page 76 and 77:
74 —— 75 Persons Responsible fo
Page 78:
Consulting and production: © B.I.G
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