Koncar distributivni i specijalni transformatori d d : 2021. Group

Končar Distribution and Special Transformers, Inc.

1

1.

Introductory Word by the Management Board

5

2.

Major 2021 Figures for Končar D&ST Group Compared to 2020, 2019 and 2018

6

3.

General Position of the Group

7

4.

Group Organisation and Management in 2021

8

5.

Implementation of the Corporate Governance Code

9

6.

Market Position and Sales by Countries and Group of Products

10

7.

Financial Position (Balance Sheet)

12

8.

Operating Results (Income Statement)

13

9.

Main Operating Risks for the Group

14

10.

Investments and Technology Modernisation

16

11.

Technical Development and Product Innovation

17

12.

Končar D&ST Group Human Resources

18

13.

Quality Management, Environment Management and OH&S Management

18

14.

Corporate Social Responsibility

18

15.

Further Development Strategy

19

Decision on Approval of the Consolidated Annual Financial Statements for 2021

21

1.

Statement of Management's Responsibilities

23

2.

Independent Auditor's Report

24

3.

Consolidated Financial Statements:

30

Consolidated Statement of Comprehensive Income

32

Consolidated Statement of Financial Position

33

Consolidated Statement of Cash Flows

34

Consolidated Statement of Changes in Equity

35

4.

Notes to the Consolidated Financial Statements

36

Končar Distribution and Special Transformers, Inc.

3