annual report 2004 - Severočeské doly a.s.

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44 —— 45 Shares and Shareholders Information on the Company’s Shares at 31 December 2004 I. Dematerialized bearer shares Name: SEVEROČ. DOLY ISIN: CZ0005102350 Total value of issue: CZK 7,516,485,000 Nominal value per share: CZK 1,000 Number of shares: 7,516,485 Year of issue: 1994 II. Dematerialized registered shares ISIN: CZ0005102467 Total value of issue: CZK 1,483,570,000 Nominal value per share: CZK 1,000 Number of shares: 1,483,570 Year of issue: 1994 Shareholder Structure at 31 December 2004 Shareholder Number of shares Share in registered capital (%) A. Legal entities 8,776,740 97.52 A.I. Domestic legal entities 8,755,442 97.28 National Property Fund of the Czech Republic 4,985,692 55.40 ČEZ, a.s. 3,347,950 37.20 Municipalities (11 towns and cities) 402,105 4.47 Other legal entities 19,695 0.21 A.II. Foreign legal entities 21,298 0.24 B. Private individuals 223,315 2.48 B.I. Domestic private individuals 219,984 2.44 B.II. Foreign private individuals 3,331 0.04 Number of shares 9,000,055 100.00 Shareholder structure at 31 December 2004 (%) National Property Fund of the Czech Republic — 55.40% ČEZ, a.s. 37.20% Municipalities (11 towns and cities) — 4.47% Other legal entities 0.21% Private individuals 2.48% Foreign legal entities 0.24% 0 10 20 30 40 50 60 The Company has issued 7,516,485 bearer shares with CZK 1,000 nominal value and 1,483,570 registered shares with CZK 1,000 nominal value. Both share issues are publicly tradable, however registered shares may only be transferred using the procedure set forth in the Articles of Association. Shareholder rights are set forth in the Articles of Association and are in accordance with the valid version of the Commercial Code (Act No 513/1991).
At year-end 2004, the National Property Fund of the Czech Republic controlled 55.4% of the company’s equity, of which 47.6% in the form of bearer shares. In 1998, ČEZ gradually increased its holding in the company to a strategic stake of 37.2%, of which 33.8% is held in the form of bearer shares. The registered shares are held by the National Property Fund of the Czech Republic (7.8%), municipalities (4.5%), and ČEZ (3.4%). Changes in Registered Capital In 1997, in conjunction with asset transfers from residual state owned enterprises pursuant to amendments to the privatization project, the company increased its registered capital by CZK 107,368,000. In 2000, the registered capital was increased by a further CZK 163,282,000. A part of the increase (CZK 10,670,000) was registered in the Commercial Register in 1998. The remaining portions of the aggregate registered capital increase, totalling CZK 259,980,000, were registered in 2000; this resulted in an increase in the number of bearer shares by 141,306. The remaining 129,344 new shares arising out of the capital increases materialized in 2001, and were credited to the National Property Fund of the Czech Republic. In 2002, the registered capital was increased by a further CZK 2,525,000. The entry in the Commercial Register and the subsequent clearance of shares to the National Property Fund of the Czech Republic took place in 2003. At the end of 2004, the registered capital was increased by a further CZK 80,576,000 to CZK 9,080,631,000. The entry in the Commercial Register was made on 18 February 2005 and the subsequent clearance of shares to the National Property Fund of the Czech Republic took place in 2005. Trading in the Company’s Shares The company’s shares were first accepted for trading on the Prague Stock Exchange PSE in early March 1995; the shares were moved to the former Listed Market of the Prague Stock Exchange on 27 June 1995. On 4 September 1995, as part of a reorganization of the PSE, the shares were transferred to the PSE’s First Tier; under a bourse decision dated 1 January 1998, the shares were moved to the Second Tier. When the shares were first listed in March 1995, the initial price was CZK 650 per share. The shares are also traded in the RM–System. 2004 2003 2002 2001 2000 1999 Minimum price (CZK) 935.0 433.9 258.7 226.0 211.0 506.3 Maximum price (CZK) 1,580.0 965.0 433.9 330.0 810.0 1,000.0 Last quoted price in year (CZK) 1,480.0 935.0 433.9 286.6 244.1 506.3 Dividend per share (CZK) 240 234.75 60 40 20 35 Earnings per share (CZK) 151.6 143.8 107.0 123.7 93.2 119.8 Developments in the share price and trading volume on the PSE 1,600 1,400 1,200 1,000 800 600 400 200 0 I. 2001 VI. 2001 I. 2002 VI. 2002 I. 2003 VI. 2003 I. 2004 VI. 2004 I. 2005 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 Share price (CZK) Trading volume (CZK)
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 26 and 27: 24 —— 25 Product structure (%)
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 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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