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

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5.9.4. Intercompany ReceivablesShort-Term Receivables(CZK thousand)Company’s name Balance at 31 Dec 2008 Balance at 31 Dec 2007 Balance at 31 Dec 2006• Trade payablesDoprava TŽ, a.s. 6 714 11 424 9 332Moravia Security, a.s. * 97 0 0MORAVIA STEEL a.s. 1 542 723 2 232 359 2 419 711Řeťaze Slovakia, s.r.o. 0 1631 883TRIALFA, s.r.o. 10 069 6 349 7 886TŘINECKÁ PROJEKCE, a.s. 118 144 163Třinecké gastroslužby, s.r.o. 1 632 2 219 907Sochorová válcovna TŽ, a.s. 279 372 346 225 306 266Kvalifikační a personální agentura, o.p.s. 78 4 5TRISIA, a.s. 6 4 30VESUVIUS ČESKÁ REPUBLIKA, a.s. 11 524 4 056 6 134CMC Třinec Stahlhandel GmbH 17 968 8 963 7 809Beskydská golfová, a.s. 12 105 399 957ZAMECZEK BŁOGOCICE * 40 757 0 0Regionální informační centrum Frýdek-Místek, s.r.o. 157 0 0MATERIÁLOVÝ A METALUGRICKÝ VÝZKUM, s.r.o. * 33 0 0HŽP, a.s. 181 0 0SILESIASLAG, a.s. 1 4 12Steel Consortium Partners, a.s. 16 1 0Total 1 923 551 2 613 782 2 760 095• Other intercompany receivablesSochorová válcovna TŽ, a.s. 0 0 3219VESUVIUS ČESKÁ REPUBLIKA, a.s. 8 000 8 113 8 000Total 8 000 8 113 11 219Total short-term intercompany receivables 1 931 551 2 621 895 2 771 314Other than intercompany receivables 1 245 887 928 694 809 276Total short-term receivables 3 177 438 3 550 589 3 580 590* Moravia Security, a.s. became part of the group on 15 February 2008 and Zameczek Błogocice on 24 October 2008, VÍTKOVICE – Výzkum a vývoj, spol. s r.o. changed its name to MATERIÁLOVÝA METALURGICKÝ VÝZKUM s.r.o.,Long-Term Receivables(CZK thousand)Company’s name Balance at 31 Dec 2008 Balance at 31 Dec 2007 Balance at 31 Dec 2006• OtherSochorová válcovna TŽ, a.s. 3 378 0 0Total 3 378 0 0Total long-term intercompany receivables 3 378 0 0Other than intercompany receivables 70 776 11 021 25 815Total long-term receivables 74 154 11 021 25 8155.10. Current Financial Assets (CZK thousand)Balance at 31 Dec 2008 Balance at 31 Dec 2007 Balance at 31 Dec 2006Cash 3 966 3 428 2 698Current accounts 351 919 1 069 518 1 366 362Current accounts with limited dealing with the balance 463 0 0Current deposit – special-purpose funds of the received state aid 0 35 444 246 216Term deposit 5 786 121 195 13 698Current securities and investments 2 145 472 2 255 106 703 247Provision against securities 0 0 –11709Total current financial assets 2 507 606 3 484 691 2 320 512A 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 0 893
Short-term securities and equity investments as of 31 December 2008 include depository notes of Komerční banka, a.s. of CZK 807,051 thousand, ČSOB,a.s. of CZK 25,001 thousand, Raiffeisenbank, a.s. of CZK 610,033 thousand, Česká spořitelna, a.s. of CZK 688,038 thousand and tradable securities of CZK15,349 thousand.Short-term securities and equity investments as of 31 December 2007 include depository notes of Komerční banka, a.s. of CZK 1,208,145 thousand, Raiffeisenbank,a.s. of CZK 300,090 thousand, HSBC Bank plc. of CZK 101,010 thousand, Citibank, a.s. of CZK 69,007 thousand, ČSOB, a.s. of CZK 558,259thousand and tradable securities of CZK 18,596 thousand.Current securities and investments as of 31 December 2006 include depository bills of exchange of Komerční banka, a.s., Československá obchodní banka,a.s. and Raiffeisenbank, a.s. in the amounts of CZK 575,105 thousand, CZK 24,752 thousand and CZK 9,626 thousand, respectively, marketable securitiesof CZK 716 thousand and an equity investment in Beskydská golfová, a.s. of CZK 93,048 thousand decreased by a provision, which was sold in February2007.5.11. Temporary Assets (CZK thousand)31 Dec 2008 31 Dec 2007 31 Dec 2006Deferred expenses 93 967 104 251 48 139Deferred expenses – lease contracts 80 602 14 914 21 872Other deferred expenses – studies, projects, interest,13 365 89 337 26 267subscription paymentsComplex deferred expenses 18 820 30 550 50 153Accrued income 2 900 704 228Total deferred expenses and accrued income 115 687 135 505 98 520Deferred expenses principally consist of deferred finance lease instalments, projects, and analyses relating to repairs scheduled for the coming period.A significant portion of deferred expenses relates to the right to use new technologies.Complex deferred expenses primarily consist of deferred implementation of information systems.5.12. EquityMovements in equity are reported in a standalone consolidated statement of changes in equity.Allocations to the statutory reserve fund are made at 5 percent of net profits until the fund reaches 20 percent of the Companys share capital as requiredby legislation.Gains and losses from revaluation comprise the gain or loss from the revaluation of available-for-sale securities net of the deferred tax liability.The General Meeting of Shareholders decided not to declare dividends for 2007, gross dividends for 2006 were CZK 250 per share and gross dividendsfor 2005 were CZK 100 per share.On 28 September 2008, the payment of dividends for 2003 declared by the General Meeting of the Company held on 28 June 2004 which were due on 28September 2004 became statute barred. The amount of these dividends of CZK 1,640 thousand was written off to other financial income.5.12.1. Share CapitalThe Companys share capital is composed of 8,109,863 ordinary registered shares, fully subscribed and paid up, with a nominal value of CZK 1 thousandper share.The Extraordinary General Meeting held on 19 November 2007 approved a change of the book-entry to the certificate form of shares. The change of theform of the Companys shares was registered in the Register of Companies on 13 December 2007. The shares were deregistered from the Prague Stock Exchangein 2002.On 16 December 2008, the Companys shares in the certificate form which were not collected by their owners after the change of the book-entry to thecertificate form of shares were auctioned. The shares were not sold, and a repeated enforced auction will be held in 2009. As of 31 December 2008, thenumber of uncollected shares was 84,119.5.13. Reserves (CZK thousand)Reserves under special legislation Other reserves Total reservesReserve for repairs Reserve for restorationof tangible FABalance at 1 Jan 2006 597 904 3 398 187 108 788 410Creation 64 657 305 148 439 213 401Use 360 908 1 350 63 298 425 556Balance at 31 Dec 2006 301 653 2 353 272 249 576 255New acquisition 644 0 0 644Creation 20 571 257 270 290 291 118Use 170 281 331 47 554 218 166Balance at 31 Dec 2007 152 587 2 279 494 985 649 851New acquisition 29 908 0 100 30 008Creation 21 908 136 478 071 500 115Use 100 995 376 571 749 673 120Balance at 31 Dec 2008 103 408 2 039 401 407 506 85494F 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
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Production and Position on the Mark
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Investments and ModernisationThe te
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A total of 38 technological project
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Environmental InvestmentsIn 2008, t
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Table: The average adjusted count o
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Trends of total revenues during the
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9.Report of the Supervisory BoardTh
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10.Auditor‘s Opinion on the Annua
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30F I N A N C I A L P A R T
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LIABILITIES AND EQUITY(CZK thousand
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STATEMENT OF CHANGES IN EQUITYShare
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NOTES TO THE FINANCIAL STATEMENTS1.
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3. Summary of Significant Accountin
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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
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Page 50 and 51: 31 December 2006 (CZK thousand)Comp
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Page 54 and 55: 4.8. Reserves (CZK thousand)Reserve
Page 56 and 57: 4.9.5. Intercompany PayablesShort-T
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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 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
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TÅ½ Annual Report 2008 in pdf, 7.5 MB - TÅineckÃ© Å¾elezÃ¡rny

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