Consolidated Financial Statement of ZKL Group of Companies for Year 2008

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Jun 11,2009

On June 1, 2009 the audit of consolidated financial statement of ZKL Group of Companies for year 2008, performed by the auditing, accounting and consulting company BDO Prima CA s. r. o., was finished. According to their opinion this consolidated financial statement reflects true and honest picture of the assets, liabilities and financial situation of ZKL Group of Companies as on December 31, 2008 as well as the costs, revenues, results of its economic management and cash flow in the accounting period of year 2008, in conformity with accounting regulations being in force in the Czech republic. In year 2008 ZKL Group had to overcome a number of negative factors. These were, among others, weakening of foreign currencies against Czech koruna, growth of input materials costing and onset of worldwide financial and economic crisis. Under such situation it was unavoidable to take a range of measures to eliminate the negative impacts and to achieve relatively favorable economic results for year 2008. The consolidated revenues represent the figure of CZK 1 236 millions, being year-to-year increase by 11.6 percent. Also the added value of CZK 372 millions and operating trading income of CZK 57 millions represent a positive trend as compared with the preceding year. By the end of year 2008 the employ staff of ZKL Group represented over 1200 persons.

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