Consolidated financial statement of ZE PAK SA Capital Group for 2024 (download)

30 APRIL 2025

CONSOLIDATED PROFIT AND LOSS STATEMENT 5

CONSOLIDATED TOTAL INCOME STATEMENT 6

CONSOLIDATED FINANCIAL STANDING STATEMENT 7

CONSOLIDATED CASH FLOW STATEMENT 9

CONSOLIDATED STATEMENT OF EQUITY CHANGES 11

ACCOUNTING RULES (POLICIES) AND ADDITIONAL EXPLANATORY NOTES 12

1. General 12

2. Group composition 12

3. Parent company's Management Board composition 14

4. Approval of the financial statement 14

5. Essential values based on professional judgement and estimates 14

   1. War in Ukraine 14

   2. Professional judgement 14

   3. Estimate uncertainty 16

6. Basis for the development of the consolidated financial statement 18

   1. Going concern assumption 19

   2. Conformity statement 20

   3. Functional currency and financial statements currency 20

7. Improvements in applied accounting policies and comparative data 20

8. New standards and interpretations, which have been issued, but are not yet effective 20

9. Change in estimates 21

10. Seasonality of activities 22

11. New directions of the ZE PAK SA Capital Group's strategy 22

12. Significant accounting rules 23

    1. Consolidation rules 23

    2. Calculation of items denominated in a foreign currency 24

    3. Tangible fixed assets 24

    4. Intangible assets 25

    5. Variable or contingent remuneration for asset acquisition 26

    6. Lease 26

    7. Valuation to fair value 27

    8. Loss in value of non-financial fixed assets 28

    9. Borrowing costs 29

    10. Financial assets 29

    11. Impairment of financial assets 30

    12. Other non-financial assets 30

    13. Financial derivatives and hedges 30

    14. Inventories 31

    15. Trade and other receivables 32

    16. Cash and cash equivalents 32

    17. Interest-bearing bank loans, borrowing and debt securities 33

    18. Trade liabilities and other financial liabilities 33

    19. Other non-financial liabilities 33

    20. Special employee funds 33

    21. Provisions 33

    22. CO2 emission allowances 35

    23. Revenues 35

    24. Costs 37

    25. Other operating revenues and costs 37

    26. Revenues and financial costs 37

    27. Taxes 38

    28. Net earnings per share 39

13. Asset acquisition transaction 39

14. Operating segments 39

15. Revenues and costs 43

    1. Revenues from contracts with clients 43

    2. Other operating revenues 43

    3. Other operating costs 44

    4. Financial revenues 44

    5. Financial costs 44

    6. Values of shares in entities measured by the equity method 44

    7. Costs by type 45

    8. Depreciation costs and impairment write-downs recognized under profit or loss 46

    9. Construction service contracts 46

16. Income tax 47

    1. Tax burden 47

    2. Effective tax rate reconciliation 47

    3. Deferred income tax 47

17. MFŚS liabilities and social assets 48

18. Earnings per share 49

19. Dividends paid and proposed for payment 49

20. Tangible fixed assets 50

    1. Value impairment test involving the assets of the ZE PAK SA Capital Group 52

21. Right-of-use assets and lease liabilities 53

22. Intangible assets 55

23. Other assets 56

    1. Other financial assets 56

    2. Value of investments measured by the equity method 56

    3. Other non-financial assets 56

24. Employee benefits 56

    1. Retirement benefits and other post-employment benefits 57

25. Inventories 59

26. Trade and other receivables 59

27. Cash and cash equivalents 60

28. Basic capital and supplementary/reserve capitals 61

    1. Basic capital 61

29. Supplementary capital 62

    1. Other reserve capitals 62

    2. Undistributed financial result and dividend payout restrictions 63

    3. Non-controlling interest 63

30. Interest-bearing bank loans and borrowings 63

31. Provisions as well as prepayments and accruals 64

    1. Accruals 64

    2. Changes in provisions 65

    3. Description of essential provision titles 66

32. Trade liabilities, other liabilities, and prepayments and accruals 67

    1. Trade liabilities and other financial liabilities (long-term) 67

    2. Trade liabilities and other financial liabilities (short-term) 68

    3. Other non-financial liabilities 68

    4. Subsidies and long-term deferred income (long-term) 68

33. Contingent liabilities and the description of essential legal proceedings 69

    1. Court proceedings 69

    2. Contingent liabilities 71

34. Liability payment securities 71

35. Obtained guarantees and sureties 73

36. Information about affiliates 74

    1. Loan granted to the Management Board's member 74

    2. Other transactions with the Management Board's members 74

    3. Salary of the Group's senior management 75

37. Information on remuneration of the statutory auditor or the entity entitled to audit financial statements 75

38. Goals and rules of financial risk management 75

    1. Interest rate risk 76

    2. Currency risk 79

    3. Raw material price risk 81

    4. Credit risk 81

    5. Liquidity risk 82

39. Financial instruments 83

    1. Carrying value of particular financial instrument classes 83

    2. Items of revenues, costs, profits and losses included in the income statement, divided by financial instrument categories 85

    3. Financial instrument interest rate risk 87

40. Capital management 88

41. Employment structure 88

42. Significant events after the balance sheet date 88

Accounting rules (policies) and additional explanatory notes to the consolidated financial statement