Financial results

Results for 2010

For the year 2010, OKD, a.s., (hereinafter, OKD or the Corporation) attained a profit of CZK 7,104 billion before tax and CZK 6,323 billion after tax, (all the financial data shown are in compliance with the International Financial Reporting Standards – IFRS/IAS).

 

The 2010 EBITDA amounted to CZK 11,5 billion.

 

The Corporation's total revenues in 2010 reached CZK 44 billion. The level of revenues from the sales of goods and products was influenced mainly by positive coal and coke market price trends in 2010 and higher coal and coke sales volumes.


In 2010 a total of 11.515 million tons of bituminous coal were sold. The volume of coke sales reached 1.1 million tons.

 

The total value of the Company's assets amounted to a total of CZK 47,266.4 million at the end of 2010.


The Company’s capital expenditure reached CZK 4.5 billion in 2010. For the greater part, they related to mining machinery and technology in the form of new acquisitions or upgrades. The Corporation invested heavily in development work associated with opening up the coal reserves and to improvement of occupational health and safety standards. 

 

Out of the total capital expenditure of CZK 4.5 billion, the amount of CZK 2.4 billion was financed under the POP 2010 Project focusing on the upgrade of longwall mining and development equipment sets. Investments into the POP 2010 programme reached from 2008 to2010 nearly CZK 10 billion.

 

OKD's average headcount in 2010 was 13,639 core employees. The average monthly earnings in 2010 amounted to CZK 32,878.

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