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ANNUAL REPORT 2005 | FINANCIAL RESULTS
Balance Sheet
at December 31, 2005 (in million CZK)
ASSETS Note December 31, 2005 December 31, 2004
Property, plant and equipment (PP&E) 6 2 570 2 506
Intangible assets 8 27 34
Investments in subsidiary 1 19 19
Non-current assets 2 616 2 559
Inventories 9 3 438 4 245
Trade and other receivables 10 1 042 6 849
Current income tax prepaid 66 31
Cash and cash equivalents 11 6 752 1 481
Current assets 11 298 12 606
Property, plant and equipment classified as held for sale 6 12 –
Total assets 13 926 15 165
EQUITY AND LIABILITIES Note December 31, 2005 December 31, 2004
Registered capital 12 2 745 2 745
Share premium 2 336 2 336
Reserves 12 549 549
Retained earnings 4 100 5 455
Equity 9 730 11 085
Deferred tax liability 15 160 189
Non-current liabilities 160 189
Trade and other payables 13 791 672
Other current tax liabilities 14 3 242 3 219
Provisions for current liabilities 3 –
Current liabilities 4 036 3 891
Total liabilities 4 196 4 080
Total equity & liabilities 13 926 15 165
Income Statement
for the year ended December 31, 2005 (in million CZK)
Note 2005 2004
Revenues 5 11 587 12 233
Dividend income 16 85 818
Other income 17 91 145
Changes in inventories of finished goods and work in progress (136) (66)
Cost of raw materials, consumables and services (5 673) (5 704)
Employee benefits expense 18 (1 126) (931)
Depreciation and amortisation expense 6, 8 (352) (380)
Impairment of PP&E 6, 7 (174) (30)
Other operating income 19 72 131
Other operating expense 20 (201) (319)
Profit from operations 4 173 5 897
Finance costs 21 (15) (15)
Profit before tax 4 158 5 882
Income tax expense 22 (1 105) (1 468)
Net profit 3 053 4 414
Earning per share basic and diluted (CZK/share) 23 1 112 1 608
The accompanying notes form an integral part of the financial statements.
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