annual report 2004 - Severočeské doly a.s.

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06 —— 07 Contents Most Important Events of 2004 8 Interview with the Chairman of the Board 11 Directors and Officers 13 Corporate Governance 16 Company Profile 19 Report of the Board of Directors on Company Business Activities and Assets 21 Business Environment 21 Sales and Marketing 23 Production 26 Investment 28 Financial Activities 30 Capital Interests 31 Personnel and Social Policies 32 Social Responsibility 34 The Environment 36 Cleanup and Reclamation 37 Research and Development 38 Information System 38 Financial Performance Commentary 41 Shares and Shareholders 45 Strategy and Outlook for 2005 49 Supervisory Board Report 52 Financial Section 53 Report of Independent Auditors 53 Consolidated Financial Statements in Accordance with IFRS 54 Post Balance Sheet Date Events 68 Cash and In-kind Income 69 Events Forecast in 2005 70 Organizational Chart 71 Glossary 72 Shareholder Financial Calendar 73 Contact Addresses 74 Persons Responsible for the Annual Report 75
Most Important Events of 2004 January — 10 years of company operations — conversion to a new organizational structure February — SAP ČR, s.r.o. wins a tender to supply a new information system — the audit of the financial statements for 2003 returns a verdict of ‘unqualified’ March — approval of the business plan for 2004 — the process of privatizing the state-held stake in the company is halted — Annual General Meetings held at all subsidiaries — contract concluded for the supply of an integrated information system customized for the mining industry April — signing of a long-term contract sale contract with Teplárna Ústí nad Labem, a.s. for coal supplies until 2020 — sale of a stake in Teplárna Ústí nad Labem, a.s. — implementation of the SAP information system kicked off May — assembly of the SchRs 1320 excavator kicked off at Doly Nástup Tušimice — the reserve KU 800/K 65 large-scale excavator is put into service following a long-term gearbox breakdown in the bucket wheel of the KU 800/K 98 excavator June — the company’s Annual General Meeting, which inter alia approves a dividend payment of CZK 234.75 per share and changes to the company bodies July — the Controlling Department starts operating — completion of the construction of an ancillary pumping station at Doly Nástup Tušimice as anti-flood protection August — reclamation of an extraction shaft at the former Ludmila Underground Mine run by Doly Nástup Tušimice — shutdown of the K 2000/K 101 large-scale excavator for a general overhaul
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: CONCERTINA The protective concertin
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 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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