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

More documents

Recommendations

Info

170 yearsJuneTřinecké železárny obtained all the necessary integrated allowances from the regional authority of the Moravskoslezský region. Theseven legitimate regulations determine the conditions for operation of steel complex consisting of coke and sinter production togetherwith iron and steel making facilities and rolling mills as well.In the CZECH TOP 100 ranking, Moravia Steel, the dominant shareholder of Třinecké železárny, came seventh in the 10 mostsignificant Czech export companies by revenues in 2007. Moravia steel ranked first in this prestigious ranking of the biggest Czechcompanies regarding the Moravskoslezský region with its revenues of CZK 26.8 billion.Třinecké železárny became the only shareholder of the D5 joint-stock company on 20 June 2008.JulyThe teachers of Technical High School in Frýdek-Místek gained a special training at Třinecké železárny aimed at new information aboutsteel trends and particularly about technical facilities and the organisation of the steelmaking process.AugustTřinecké železárny ranked second in the ecological competition “Entrepreneur of 2008 with regard to environmental protection inthe Moravskoslezký region” in the category of entrepreneurs above 50 employees. The competition was part of the Development of theMoravian-Silesian Environmental Advisory and Information Centres Network project and focused on increasing the motivation ofMoravian-Silesian businesses with regard to environment protection and implementation of environmental education. .SeptemberThe 50th International Engineering Fair in Brno welcomed the Třinecké železárny – Moravia steel Group and honoured the Group witha loyalty prize as an acknowledgment of its participation in all fifty Brno fairs to date.OctoberA new drawing facility for the drawing of steel from coils to bars was put into operation in the subsidiary Ferromoravia in Staré městou Uherského Hradiště. A total of CZK 90 million was expended with regard to this investment. This new facility should graduallyreplace the older, less efficient aggregates and significantly increase the labour productivity. The advanced facility is connected with theinvestment of new Garret coilers in the Continuous Light Section Mill in Třinecké železárny.NovemberTřinecké železárny employees have elected Vladislav Heczko and Roman Mitręga to the Supervisory Board. The new Supervisory Boardmembers replaced Oldřich Cieslar and Jiří Stašák after their mandate period expired.The subsidiary of Třinecké železárny, VÁLCOVNA TRUB TŽ, which is the most significant Czech producer of seamless steel tubes, putinto operation a modernised main production line – Big Mannesmann. The total expenses of the renovation and modernisation that ishistorically the greatest investment in this rolling mill reached approximately CZK 700 million.DecemberA public auction of Třinecké železárny’s certificate shares not yet assumed by the shareholders took place in Brno on 16 December.No bid was made during the public auction. A repeated public auction will be held in 2009. The competent shareholders have still theopportunity to assume the certificate form of shares.Because of the rapid decline in demand for rolled goods in the last months of 2008, production regulation was initialised. The longestshutdown of production aggregates happened in December when the rolling in the majority of rolling mills was stopped for two weeks.The reversing mill was the only exception as it only stopped running during Christmas.The management and trade union of Třinecké železárny suspended negotiations regarding a new Collective Agreement for 2009 due tothe present economic and financial crisis. The validity of the Collective Agreement from 2008 was prolonged through the end of March2009 and all the conditions of the contract remain valid.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 87
5.Selected Economic Indicators 2004 – 2008INDICATOR UNIT 2003 2004 2005 2006 2007 2008Pig iron production kt 1 873 1 979 1 814 2 033 2 074 1 983Crude steel production kt 2 333 2 427 2 248 2 516 2 563 2 448Of this continuous castings kt 2 164 2 255 2 104 2 356 2 401 2 296Sales of rolled products including steel kt 2 190 2 301 2 205 2 366 2 392 2 301Total revenues CZK mil. 22 579 32 193 35 038 35 087 36 905 40 308Income from sales of products, goods and services CZK mil. 21 034 29 276 30 827 31 675 35 553 37 095Export share* % 49.8 48 48.1 51.1 50.8 52.1Total costs excluding tax CZK mil. 22 053 28 709 32 317 31 673 32 381 38 791Profit CZK mil. 518 2 575 2 068 2 684 3 633 1 204Consolidated profit CZK mil. 701 2 737 2 027 2 795 4 151 1 409Total assets CZK mil. 18 395 19 511 21 495 22 899 24 343 24 724Long-term tangible fixed assets (depreciated) CZK mil. 20 479 21 421 22 112 22 980 23 525 24 409Adjustments CZK mil. 12 311 12 936 13 179 13 749 14 539 15 163Amortisation % 60.1 60.4 59.6 59.8 61.8 63.0Equity CZK mil. 11 264 13 030 14 538 16 404 18 010 19 214Capital investments CZK mil. 1 305 1 201 1 418 1 225 832 1 010Not-own capital including other liabilities CZK mil. 7 131 6 482 6 957 6 495 6 333 5 509Employees (average adjusted total) persons 5 777 5 599 5 519 5 417 5 428 5 539Average monthly wage CZK/person 20 980 22 840 23 662 24 858 26 799 27 402Steel production per employee t/person 404 433 407 465 472 442* including exports through MORAVIA STEEL a.s.STEEL PLANTSTŘINECKÉ ŽELEZÁRNY HAS PRODUCEDALMOST 160 MILLION TONS OF STEELDURING ITS EXISTENCE8
Page 1 and 2: Třinecké železárny, a. s. / Ann
Page 3 and 4: 1.Company ProfileTŘINECKÉ ŽELEZ
Page 5 and 6: 3.Characteristics of the Production
Page 7: 4. Events of 2008JanuaryIn 2007, a
Page 11 and 12: 7.Introductory Word of the Chairman
Page 13 and 14: 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 66 and 67:
31 December 2007Type of commitment
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
Page 116 and 117:
Barrandov Lands a.s. registered at
Page 118 and 119:
whereby the performance fee exclusi
Page 120 and 121:
D. Description of the Companys Rela
show all

TÅ½ Annual Report 2008 in pdf, 7.5 MB - TÅineckÃ© Å¾elezÃ¡rny

Create successful ePaper yourself

Delete template?

Save as template?

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