Financial results

Results for 2011

For the year 2011, OKD, a.s., (hereinafter, OKD or the Corporation) attained a profit of CZK 7.533 billion before tax and CZK 6.096 billion after tax, (all the financial data shown are in compliance with the International Financial Reporting Standards – IFRS/IAS).


The 2011 EBITDA amounted to CZK 12,1 billion.


In 2011, the revenues from own products and services sold amounted to CZK 36,785.1 million, and the revenues from goods sold amounted to CZK 7,649.5 million.


In 2011 a total of 11.196 million tons of coal were sold. The volume of coke sales reached 555,000 tons.


The total value of the Company's assets amounted to a total of CZK 48,434 million at the end of 2011.


The Company’s capital expenditure reached CZK 4.57 billion in 2011. 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.


OKD's average headcount in 2011 was 13,305 core employees. The average monthly earnings in 2011 amounted to CZK 36,498.