AUTO1 Group SE

Annual / Quarterly Financial Statement • Apr 1, 2020

Balance sheet as of December 31, 2019

A s s e t s

			Dec. 31, 2019		Dec. 31, 2018
			EUR		EUR
	A. Fixed assets
	Financial assets
	Shares in affiliated companies		700,000,000.00		700,000,000.00
B.
	Current assets
	Receivables and other assets -
	1. Receivables from affiliated companies	4,770,277.04		283,573.24
	2. Other assets	1,330,984.72	6,101,261.76	0.00	283,573.24
	Bank balances		11,742.37		3,419,508.73
			6,113,004.13		3,703,081.97

706,113,004.13 _______________________________________________________________________________________________________________________________________________________________

Equity and liabilities

			Dec. 31, 2019	Dec. 31, 2018
			EUR	EUR
A.		Equity
		Subscribed capital	3,420,765.00	3,420,765.00
		Capital reserves		700,000,000.00 700,000,000.00
		III. Net loss (PY: retained earnings)	-974,709.47	243.03
				702,446,055.53 703,421,008.03
B.		Provisions
			105.00	105.00
	1.	Tax provisions
	2.	Other provisions	650,600.00 650,705.00	20,000.00 20,105.00
C.		Liabilities
	1.	Liabilities to banks	53.11	0.00
	2.	Trade payables	160,929.65	251,695.59
		3. Liabilities to affiliated companies	2,809,197.30	0.00
	ব	Other liabilities	46.063.54	10,273.35
		- thereof taxes
		EUR 35,006.78 (PY: EUR 10,273.35) -
			3,016,243.60	261,968.94
				706,113,004.13 703,703,081.97

Income statement for the period from January 1 to December 31, 2019

			January 1 to December 31, 2019 May 14 to December 31, 2018
					EUR
	Revenue		907,607.00		339,469.95
	Other operating income		27,613.58		0.00
3.	Personnel expenses
	Wages and salaries a)	-945,567.63		0.00
	b) Social security	-14.863.35	-960.430.98	0.00	0.00
ব	Other operating expenses		-946,275.46		-339,121.92
5.	Interest and similar expenses		-3.466.64		0.00
6	Income taxes		0.00		-105.00
	Earnings after taxes		-974,952.50		243.03
	8. Net loss for the year (prior year: net income)		-974,952.50		243.03
	9. Profit carryforward from prior year		243.03		0.00
	10. Net loss (prior year: retained earnings)		-974,709.47		243.03

Notes to the annual financial statements for the fiscal year from January 1 to December 31, 2019

General information এ .

The annual financial statements of AUTO1 Group SE, Munich were prepared on the basis of the accounting regulations of the HGB [Handelsgesetzbuch: German Commercial Code]. In addition to these provisions, the regulations of the AktG [Aktiengesetz: German Stock Corporation Act] in conjunction with Article 61 of Council Regulation (EC) No. 2157/2001 were also complied with.

The Company is a small corporation as defined by Section 267 (1) HGB. The Company applied the disclosure relief based on size provided by Sections 274a and 288 HGB for small corporations to the notes to the financial statements.

The balance sheet is structured in accordance with Section 266 HGB; the income statement was prepared using the total cost (nature of expense) method of Section 275 (2) HGB.

AUTO1 Group SE has its registered office in Munich and is entered in the Munich Commercial register under HRB no. 241031.

Comparability with the prior year is limited as fiscal 2018 was a short fiscal year.

B. Accounting policies

The accounting policies applied are consistent with the provisions of the German Commercial Code (Sections 238 to 263 and Section 264 et seqq. HGB) and the relevant provisions of the German Stock Corporation Act.

Financial assets are measured at the lower of cost and fair value if permanently impaired.

Receivables and other assets are measured at the lower of nominal value and fair value.

Cash and cash equivalents are recognized at nominal value.

The subscribed capital is reported at nominal value.

The capital reserves include premiums as defined by Section 272 (2) no. 1 HGB.

Tax provisions and other provisions take into account all expected losses from executory contracts and uncertain liabilities. They are carried at the settlement amount determined in line with prudent business judgment (i.e. including future cost and price increases).

Liabilities are carried at their settlement amount.

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Berlin, April 17, 2020

AUTO1 Group SE

Christian Bertermann Executive Board

Hakan Koc Executive Board Markus Boser Executive Board

Movements in fixed assets for fiscal 2019

	Cost
	Jan. 1, 2019	Additions	Dec. 31, 2019
	EUR	EUR	EUR
Financial assets
Shares in affiliated companies	700,000,000.00	0.00	700,000,000.00
	700,000,000.00	0.00	700,000,000.00

		Book values
	Cumulative depreciation and amortization
	Charge for
Jan. 1, 2019	year	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
EUR	EUR	EUR	EUR	EUR
0.00	0.00	0.00	700,000,000.00	700,000,000.00
0.00	0.00	0.00	700,000,000.00	700,000,000.00