09.09.2010 02:11
OKD is the only producer of hard coal in the Czech Republic; Its coal is mined in the southern part of the Upper-Silesian coal basin. more »
The Company Magazine... more
Company code of ethics
The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.
POP 2010
Results for 2007
For the year 2007, OKD a.s. (hereinafter, OKD or the Corporation) attained a profit before tax of CZK 6.627 billion converting to CZK 5.457 billion after tax (all financial figures shown are in compliance with the International Financial Reporting Standards – IFRS).
The 2007 EBITDA was CZK 9.4 billion.
The Corporation's total revenues in 2007 reached CZK 42.4 billion. The level of revenues from the sales of goods and products was mainly influenced by the positive coal and coke market price trends experienced during 2007.
The Corporation's mining district marketable output (ROTP) of coal in 2007 surpassed 12.5 million tons and the total volume sold was 13.1 million tons of bituminous coal. The volume of coke sales reached 1.3 million tons.
The Corporation's investments in 2007 overstepped CZK 2 billion. For the greater part they were focused on mining machinery and technology in the form of new acquisitions or upgrades. The Corporation invested heavily in development work connected with opening up the coal reserves at the Darkov, ČSA, Paskov, and ČSM Mines. Also, the Corporation continued investing in cooling equipment that already had contributed to improving the microclimatic conditions at the mines' workplaces.
OKD's average headcount in 2007 was 15,754 core employees. The average monthly earnings in 2007 were CZK 29,135 — up 8.5 % on the 2006 figure.
Labor productivity per employee derived from the Corporation's mining district marketable output was up 3.2% in 2007.
