TÅ½ Annual Report 2008 in pdf, 7.5 MB - TÅineckÃ© Å¾elezÃ¡rny

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31 December 2007Type of commitment Total amount Balance at 31 Dec 2007Parent company debt acceptance EUR 60,000 thousand CZK 99,825 thousandGuarantee statements– to Group companies EUR 77 thousand CZK 2,050 thousandGuarantees– to other entities USD 1,279 thousand CZK 23,119 thousandEUR 750 thousand CZK 19,965 thousandCZK 5,000 thousand CZK 5,000 thousand31 December 2006Type of commitment Total amount Balance at 31 Dec 2006Parent company debt acceptance EUR 60,000 thousand CZK 515,531 thousandGuarantees– to other entities USD 729 thousand CZK 15,216 thousandEUR 750 thousand CZK 20,621 thousandCZK 5,000 thousand CZK 5,000 thousandCollateralising blank bills of exchange– to other entities SKK 500,000 thousand CZK 399,290 thousandEnvironmental LiabilitiesThe Company was subject to an environmental audit which highlighted the Companys environmental obligations. Based upon the audit, the Companyentered into an agreement with the National Property Fund of the Czech Republic for the settlement of expenses involved in removing environmentalliabilities up to CZK 514 million that had arisen prior to privatisation. As of 31 December 2008, 2007 and 2006, the Company drew CZK 335,735 thousand,CZK 299,316 thousand and CZK 259,744 thousand, respectively.Given the amendment to this contract concluded on 3 November 2008 with the Czech Republic – Ministry of Finance, the guarantee of the Ministryis capped at CZK 843.6 million. This guarantee covers environmental liabilities of the Company. For this reason, the Company released the reserve forenvironmental burdens (refer to Note 4.15).7. Post Balance Sheet EventsOn 21 January 2009, the Company increased its equity investment in ZAMECZEK BŁOGOCICE, Spółka z ograniczoną odpowiedzialnością, Poland, by43 percent, i.e. to a total of 88 percent.On 4 February 2009, the Company entered into a contract for the sale of the 100 percent equity investment in FERROMORAVIA, s.r.o.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 0 865
12.Financial Part II. – Consolidated FinancialStatementsConsolidated Financial Statements for the Year Ended 31 December 2008Name of the Company: TŘINECKÉ ŽELEZÁRNY, a. s.Registered Office:Průmyslová 1000, 739 70 Třinec-Staré MěstoLegal Status:Joint Stock CompanyCorporate ID: 18050646Components of the Consolidated Financial Statements:• Consolidated Balance Sheet• Consolidated Profit and Loss Account• Consolidated Statement of Changes in Equity• Consolidated Cash Flow Statement• Consolidated Notes to the Financial StatementsThese consolidated financial statements were prepared on 7 April 2009.Statutory body of the reporting entity:SignatureIng. Jiří Cieńciała, CSc.Chairman of the Board of DirectorsIng. Jaroslava CiahotnáFirst Vice Chairwoman of the Boardof Directors66F I N A N C I A L P A R T
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Třinecké železárny, a. s. / Ann
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1.Company ProfileTŘINECKÉ ŽELEZ
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3.Characteristics of the Production
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4. Events of 2008JanuaryIn 2007, a
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5.Selected Economic Indicators 2004
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7.Introductory Word of the Chairman
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8. Board of Directors’ ReportDeve
Page 15 and 16: Production and Position on the Mark
Page 17 and 18: Investments and ModernisationThe te
Page 19 and 20: A total of 38 technological project
Page 21 and 22: Environmental InvestmentsIn 2008, t
Page 23 and 24: Table: The average adjusted count o
Page 25 and 26: Trends of total revenues during the
Page 27 and 28: 9.Report of the Supervisory BoardTh
Page 29 and 30: 10.Auditor‘s Opinion on the Annua
Page 31 and 32: 30F I N A N C I A L P A R T
Page 34 and 35: LIABILITIES AND EQUITY(CZK thousand
Page 36 and 37: STATEMENT OF CHANGES IN EQUITYShare
Page 38 and 39: NOTES TO THE FINANCIAL STATEMENTS1.
Page 40 and 41: 3. Summary of Significant Accountin
Page 42 and 43: 3.5. ReceivablesUpon origination, r
Page 44 and 45: 4. Additional Information on the Ba
Page 46 and 47: 4.1.3. Assets Held under Finance an
Page 48 and 49: 31 December 2007 (CZK thousand)Comp
Page 50 and 51: 31 December 2006 (CZK thousand)Comp
Page 52 and 53: 4.4.3. Intercompany ReceivablesShor
Page 54 and 55: 4.8. Reserves (CZK thousand)Reserve
Page 56 and 57: 4.9.5. Intercompany PayablesShort-T
Page 58 and 59: 4.11. Assets and Liabilities Denomi
Page 60 and 61: Eligibleexpenses in2004Allowedstate
Page 62 and 63: 2006 (CZK thousand)EntityRelationGo
Page 64 and 65: 2007 (CZK thousand)EntityRelationNo
Page 68 and 69: CONSOLIDATED BALANCE SHEET - FULL V
Page 70 and 71: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 72 and 73: CONSOLIDATED CASH FLOW STATEMENT(CZ
Page 74 and 75: 2. Definition Of the Consolidated G
Page 76 and 77: AssociatesName of the company Regis
Page 78 and 79: Objects from precious metals acquir
Page 80 and 81: Deferred TaxDeferred tax is account
Page 82 and 83: 4. Analysis of Impacts on Profit/Lo
Page 84 and 85: 5. Additional Consolidated Balance
Page 86 and 87: Net Book Value(CZK thousand)Net boo
Page 88 and 89: 31 December 2006 (CZK thousand)Desc
Page 90 and 91: Investment Acquisition cost Descrip
Page 92 and 93: 5.8. Inventory (CZK thousand)Struct
Page 94 and 95: 5.9.4. Intercompany ReceivablesShor
Page 96 and 97: The reserves for repairs of tangibl
Page 98 and 99: 5.15. Deferred Tax Liability and De
Page 100 and 101: 5.17. Bank Loans and Borrowings5.17
Page 102 and 103: 5.18. Temporary Liabilities (CZK th
Page 104 and 105: 6.1.3. The Group’s Income from Or
Page 106 and 107: 6.9. Related Party Transactions6.9.
Page 108 and 109: 7. Employees, Management and Statut
Page 110 and 111: 8. Post Balance Sheet EventsOn 21 J
Page 112 and 113: CZK’ 000 2008* 2007 2006Equity 56
Page 114 and 115: CZK’ 000 2008* 2007 2006Equity 19
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Barrandov Lands a.s. registered at
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whereby the performance fee exclusi
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D. Description of the Companys Rela
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TÅ½ Annual Report 2008 in pdf, 7.5 MB - TÅineckÃ© Å¾elezÃ¡rny