TŽ Annual Report 2008 in pdf, 7.5 MB - Třinecké železárny

NOTES TO THE FINANCIAL STATEMENTS1. General Information1.1. Incorporation and Description of the BusinessTŘINECKÉ ŽELEZÁRNY, a.s. (henceforth the “Company”) was formed by the National Property Fund of the Czech Republic on the basis of a Deed ofFoundation as a joint stock company registered in Třinec, Czech Republic, and was incorporated following its registration in the Register of Companiesof the Regional Court in Ostrava on 21 March 1991. The Company is primarily engaged in metallurgy with a closed metallurgical cycle. In addition to theproduction of coke, pig iron and steel, the range of principal products provided by the Company involves the products of rolling mills, namely blooms,slabs, billets, rods, reinforcing bars and thin, medium and heavy sections. The Company benefits from its incumbent status of being the Czech monopolyin respect of the manufacture of rails.The Companys registered office is located in Třinec-Staré Město, Průmyslová 1000, 739 70.The Companys issued share capital is CZK 8,109,863 thousand.The following table shows individuals and legal entities exercising controlling or substantial influence over the Company and the amount of their equityinterest:ShareholderOwnership percentageMORAVIA STEEL a. s. 69.05 %Other 30.95 %Total 100.00 %1.2. Changes in and Amendments to the Register of CompaniesDuring the year ended 31 December 2008, the corporate details held at the Register of Companies were updated to reflect the change in the compositionof the Supervisory Board (refer to Note 1.5.).1.3. Organisational Structure of the CompanyThe key governing bodies of the Company are as follows:– General Meeting of Shareholders;– Supervisory Board;– Board of Directors; and– Chief Executive Officer and management.The basic organisational chart of the Companyeffective as of 31 December 2008:GENERAL MEETINGSUPERVISORY BOARDINTERNAL AUDITDIRECTORSUPERVISORY BOARDCOMMITTEESBOARD OF DIRECTORSCHIEF EXECUTIVE OFFICERSJ AND EMS DEPUTY DIRECTORHUMAN RESOURCES AND OFFICESUPPORT DIRECTORFINANCIAL DIRECTORPRODUCTIONDIRECTORINVESTMENT DIRECTORTECHNICAL DIRECTORSECRETARIAT OF CEOAND PUBLIC RELATIONSHR AND PAYROLLCONTROLLINGDEPUTY PRODUCTION DIRECTORDEVELOPMENTAND INVESTMENTTECHNOLOGYAND RESEARCHSPOKESMAN OF TŽ, a.s.INSPECTIONFINANCINGPRODUCTION PREPARATIONAND MANAGEMENTDSP MANAGEMENTQUALITY ASSURANCESTRATEGY OF TŽ, a.s.LEGAL DEPARTMENTACCOUNTINGMAINTENANCEIT ANDTELECOMMUNICATIONSTEST ROOMSAND LABORATORIESMARKETINGASSET MANAGEMENTENVIRONMENTALPROTECTIONFIRE BRIGADECOKE AND CHEMICALPRODUCTIONIRON AND STEELPRODUCTIONHEAVY SECTION MILLROD AND LIGHTSECTION MILLSHIPMENTMANAGEMENT SYSTEM TRANSPORT SECONDARY RAW MATERIALS UNIVERSAL LINEThere were no significant organisational changes in the year ended 31 December 2008.A N N U A L R E P O R T T Ř I N E C K É Ž E L E Z Á R N Y , a . s . 2 0 0 837