annual report 2004 - Severočeské doly a.s.

Consolidated Financial Statements in Accordance with
IFRS
Consolidated Balance Sheets at December 31, 2004 and 2003 (in CZK million)
Note 2004 2003
ASSETS
Property, plant and equipment:
Plant in service 28,483 28,052
Less accumulated provision for depreciation (17,216) (16,318)
Net plant in service 4 11,267 11,734
Construction work in progress 684 518
Total property, plant and equipment 11,951 12,252
Other non-current assets:
Investments 5 6,544 6,819
Investments in associates 6 304 789
Deferred tax assets 12 449 140
Intangible assets, net 84 105
Total other non-current assets 7,381 7,853
Current assets:
Cash and cash equivalents 8 233 258
Investments 5 4,078 4,373
Accounts receivable, net 7 939 957
Materials and supplies, net 164 141
Other current assets 31 28
Total current assets 5,445 5,757
Total assets 24,777 25,862
LIABILITIES AND SHAREHOLDERS’ EQUITY
Shareholders’ equity:
Share capital 11 9,081 9,000
Net unrealized gains on available-for-sale assets 54 49
Retained earnings 11 5,646 7,569
Total shareholders’ equity 14,781 16,618
Minority interests 3 3
Non-current liabilities:
Provision for decommissioning, reclamation and mining damages 3 8,792 7,783
Deferred tax liability 12 44 53
Total non-current liabilities 8,836 7,836
Current liabilities:
Accounts payable 9 665 814
Income tax payable 207 298
Accrued and other liabilities 10 285 293
Total current liabilities 1,157 1,405
Total liabilities and shareholders’ equity
The accompanying notes are an integral part of these financial statements.
24,777 25,862