AD Plastik d.d.

Interim / Quarterly Report • Jul 21, 2011

Management Interim Report of the AD Plastik Group and Company AD Plastik Inc. Solin for the first semester of year 2011.

Solin, July 2011.

Content:

		page
	Financial reports of AD Plastik group	2
1.	Balance sheet	4
2.	Profit and loss account	6
3.	Cash flow (Indirect method)	8
4.	Report on changes of capital	9
5.	Notes to Consolidated Financial Statements	10
	Financial reports of the Company AD Plastik Inc. Solin	11
6.	Balance sheet	13
7.	Profit and loss account	15
8.	Cash flow (Indirect method)	17
9.	Report on changes of capital	18
	10. Notes to the financial statements for the Parent Company	19
	Statement of the person responsible for drafting the financial report	20

Financial reports of AD Plastik Group

Appendix 1
Reporting period:				01.01.2011.		till	30.06.2011.
						Quarterly Financial Report of the entrepreneur TFI-POD
	Register number (MB):		03440494
	Entity register number (MBS):		060007090
	Personal identification		48351740621
	number (PIN):
	Issuing company: AD PLASTIK d.d.
	Post code and place: 21210				Solin
	Street and house number: Matoševa 8
	E-mail address: adplastik@adplastik.hr
	Internet address: www.adplastik.hr
	Municipality/city code and	406	Solin
	name:
	County code and name:	1 7		Splitsko-dalmatinska			No. of employees:	2.366
							(at the end of the trimester)
	Consolidated report:	Yes					NCA code:	2932
	Names of consolidation subjects (according to IMSF):				Seat:		REG.NO.:
			AD PLASTIK d.d.			Solin, Hrvatska	03440494
			ZAO PHR			Samara, Ruska Federacija	103630022193
			AD PLASTIK d.o.o.			Novo Mesto, Slovenija	1214985000
			ZAO ADP LUGA			Luga, Ruska Federacija	107471000032
	Bookkeeping service:
	Contact person:	Marica Jakelić
						(only the name and surname of the contact person to be entered)
		Telephone: 021/206-660				Fax:	021/206-669
	E-mail address: marica.jakelic@adplastik.hr
	Name and surname: Katija Klepo
				(person authorised for representation)
Documentation for publishing:
							1. Financial statements (balance sheet, profit and loss statement, cash flow statement, changes in equity and notes to
	financial statements)
	2. Interim report, 3.Statement of the person responsible for compiling financial statements.
				Place of the seal			(signature of the person authorised for representation)

1. Balance sheet

Assets
BALANCE SHEET
as at 30.06.2011.
Taxpayer: GROUP AD PLASTIK
ITEM	AOP	Preceding year	Current year
	ind.
1	2	3	4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001
B) FIXED ASSETS (003+010+020+029+033)	002	661.659.664	676.275.099
I. INTANGIBLE ASSETS (004 up to 009)	003	43.568.093	38.162.569
1. Development costs	004	40.667.371	35.342.823
2. Concessions, patents, licenses, trademarks, softwares and other rights	005	2.476.173	638.722
3. Goodwill	006
4. Advances for purchase of intangible assets	007
5. Intangible assets in preparation	008
6. 6. Other intangible assets	009	424.549	2.181.024
II. TANGIBLE ASSETS (011 up to 019)	010	515.418.758	522.514.219
1. Land	011	134.619.737	135.048.372
2. Buildings	012	206.138.884	208.004.319
3. Plants and machinery	013	153.479.963	147.905.436
4. Tools, plant & office inventory, furniture & transport means	014	14.341.785	12.678.318
5. Biological assets	015
6. Payments on account for tangible assets	016		1.703.179
7. Tangible assets in preparation	017	5.558.791	17.174.595
8. Other tangible assets	018	1.279.598	0
9. Investment in real estate	019
III. FIXED FINANCIAL ASSETS (021 up to 028)	020	101.901.260	114.828.336
1. Shares in affiliated undertakings	021
2. Loans to affiliated undertakings	022
3. Participating interests (shares)	023	72.841.443	68.322.235
4. Given loans to companies in which exist participating interests	024	28.564.380	46.010.664
5. Investments in securities	025	63.855	63.855
6. Other loan, deposits etc	026	431.582	431.582
7. Other fixed financial assets	027
8. Investment stated in equity method	028
IV. RECEIVABLES (030 up to 032)	029	0	0
1. Receivables from associated undertakings	030
2. Receivables from sales on credit	031
3. Other receivables	032
V. DEFFERED TAX ASSETS	033	771.553	769.975
C) CURRENT ASSETS (035+043+050+058)	034	335.680.554	352.509.920
I. INVENTORY (036 up to 042)	035	57.465.965	63.852.607
1. Materials and supplies	036	42.629.395	37.683.224
2. Work in progress	037	2.806.050	2.638.170
3. Finished goods	038	8.623.623	8.108.183
4. Commercial goods	039	3.406.897	15.423.030
5. Advances for inventories	040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 up to 049)	043	202.109.498	207.005.218
1. Receivables from associated undertakings	044
2. Trade receivables	045	147.150.088	138.125.630
3. Receivables from participating companies	046	5.244.952	22.174.305
4. Receivables from employees and members of the business	047	932.787	2.710.924
5. Receivables from government and other institutions	048	24.370.613	18.146.417
6. Other receivables	049	24.411.058	25.847.942
III. CURRENT FINANCIAL ASSETS (051 up to 057)	050	66.543.367	68.815.114
1. Shares in affiliated undertakings	051
2. Loans to affiliates	052
3. Participating interests (shares)	053
4. Given loans to companies in which exist participating interests	054		5.120.152
5. Investments in to securities	055
6. Other loan, deposits etc	056	66.543.367	63.694.962
7. Other financial assets	057
IV. CASH AT BANK AND IN HAND	058	9.561.724	12.836.981
D) PREPAYMENTA AND ACCRUED INCOME	059	75.549.210	81.684.630
E) TOTAL ASSETS (001+002+034+059)	060	1.072.889.428	1.110.469.649
F) OUT-OF-BALANCE ITEMS	061	7.149.642	7.149.642

Liabilities
LIABILITIES
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	667.865.433	707.122.435
I. SUBSCRIBED SHARE CAPITAL	063	419.958.400	419.958.400
II. CAPITAL RESERVES	064	177.437.945	182.889.871
III. RESERVES FROM GAIN (066+067-068+069+070)	065	6.176.653	16.567.063
1. Legal reserves	066	6.139.794	6.142.747
2. Reserves for own shares	067	11.359.719	10.729.845
3. Own stocks and shares (deductible item)	068	11.359.719	10.729.845
4. Statutory reserves	069	36.859	36.802
5. Other reserves	070		10.387.514
IV. REVALUATION RESERVES	071	10.042.847	10.185.353
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	0	39.381.677
1. Retained earnings	073		39.381.677
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	54.224.990	38.140.071
1. Current year profit	076	54.224.990	38.140.071
2. Current year loss	077
VII. MINOR INTEREST	078	24.598
B) PROVISIONS (080 up to 082)	079	15.619.833	15.604.444
1. Provisions for pensions, severance pay and similar obligations	080	3.332.255	3.332.256
2. Provisions for tax liabilities	081
3. Other provisions	082	12.287.578	12.272.188
C) LONG TERM LIABILITIES (084 up to 092)	083	92.905.027	78.978.741
1. Liabilities to related parties	084
2. Commitments for loans, deposits, etc	085
3. Liabilities to banks and other financial institutions	086	92.830.764	78.907.204
4. Liabilities for advances	087
5. Trade payables	088
6. Commitments on securities	089
7. Liabilities to companies in which are participating interests	090
8. Other long term liabilities	091
9. Deferred tax liabilities	092	74.263	71.537
D) SHORT TERM LIABILITIES (094 do 105)	093	294.793.799	302.353.689
1. Liabilities to related parties	094
2. Commitments for loans, deposits, etc	095
3. Liabilities to banks and other financial institutions	096	106.256.933	105.052.815
4. Liabilities for advances	097	82.413.732	89.511.366
5. Trade payables	098	93.147.767	84.980.722
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100		199
8. Liabilities towards employees	101	6.553.022	9.888.523
9. Liabilities for taxes, contributions and other benefits	102	6.147.659	12.411.082
10. Liabilities to share in the result	103	16.387
11. Amount based on fixed assets intended to sale	104
12. Other short-term liabilities	105	258.299	508.982
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	1.705.336	6.410.340
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.072.889.428	1.110.469.649
G) OUT-OF BALANCE ITEMS	108	7.149.642	7.149.642
ADDENDUM TO BALANCE SHEET( filled in by the entrepreneur compiling the consolidated annual financial statement)
A) CAPITAL AND RESERVES
1. Ascribed to the holders of the parent company capital	109	667.840.835	707.122.435
2. Ascribed to minority interest	110	24.598
Note 1: Appendix to Balance sheet fill companies w ho make consolidated financial statements.

6

2. Profit and loss account

PROFIT AND LOSS ACCOUNT
in period from 01.01.2011. till 30.06.2011.
Taxpayer: GROUP AD PLASTIK
ITEM	AOP	Preceding year			Current year
	ind.
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I. OPERATING TURNOVER (112+113)	111				458.015.356 264.519.588 368.013.380 175.990.303
1. Income from sales	112				367.222.194 178.816.513 363.871.950 174.962.979
2. Other operating income	113	90.793.162	85.703.075	4.141.430	1.027.324
II. OPERATING CHARGES (115+116+120+124+125+126+129+130)	114				444.807.923 251.448.326 333.688.741 161.086.986
1. Changes in the value of inventories of work in progress and finished goods	115	606.899	656.441	525.948	-598.877
2. Material charges (117 up to 119)	116				245.766.161 119.840.270 220.782.857 109.718.757
a) Costs of raw materials and consumables	117		213.079.262 103.901.514 184.045.227		87.099.847
b) Costs of sales	118	737.298	359.521	1.260.233	1.219.873
c) Other external charges	119	31.949.601	15.579.235	35.477.397	21.399.037
3. Staff costs (121 up to 123)	120	63.262.917	31.556.814	61.534.962	30.681.448
a) Salaries and wages	121	37.957.750	18.934.088	37.566.686	18.818.654
b) Costs of taxes and social security	122	15.815.729	7.889.204	13.212.824	6.295.373
c) Duties on wages	123	9.489.438	4.733.522	10.755.452	5.567.421
4. Depreciation	124	28.176.406	11.104.717	25.453.180	11.859.707
5. Other costs	125	21.452.340	14.440.164	21.853.530	8.317.240
6. Impairment (127+128)	126	0	0	0	0
a) fixed assets (excluding financial assets)	127
b) current assets (excluding financial assets)	128
7. Provisions	129	13.164.100	1.471.909
8. Other operating expenses	130	72.379.100	72.378.011	3.538.264	1.108.711
III. FINANCIAL INCOME (132 up to 136)	131	26.017.843	12.320.978	10.395.936	5.162.972
1. Interests, exchange rate differenc, dividends with affiliates	132	18.061.474	7.044.636	2.882.887	264.103
2. Interests, exch. rate differenc., dividends with non-affiliates	133	7.956.369	5.276.342	7.334.282	4.720.102
3. Part of income from affiliates and participated interests	134
4. Non-realized financial income	135
5. Other financial income	136			178.767	178.767
IV. FINANCIAL CHARGES (138 up to 141)	137	15.766.432	10.831.799	13.905.999	7.662.038
1. Interests, exchange rate differenc, dividends with affiliates	138	2.937.407	2.624.701	3.284.723	1.205.421
2. Interests, exch. rate differenc., dividends with non-affiliates	139	12.829.025	8.207.098	10.389.312	6.224.653
3. Non-realized financial charges	140			0	0
4. Other financial charges	141			231.964	231.964
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142	2.522.027	224.455	12.226.337	6.158.336
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143	2.933.402	2.933.402	797.251	-2.702.747
VII. EXTRAORDINARY – OTHER INCOME	144
VIII. EXTRAORDINARY – OTHER CHARGES	145
IX. TOTAL INCOME (111+131+142 + 144)	146				486.555.226 277.065.021 390.635.653 187.311.611
X. TOTAL CHARGES (114+137+143 + 145)	147				463.507.757 265.213.527 348.391.991 166.046.277
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	23.047.469	11.851.494	42.243.662	21.265.334
1. Profit before taxation (146-147)	149	23.047.469	11.851.494	42.243.662	21.265.334
2. Loss before taxation (147-146)	150	0	0	0	0
XII. PROFIT TAX	151	236.594	236.594	4.103.591	320.531
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	22.810.875	11.614.900	38.140.071	20.944.803
1. PROFIT FOR THE PERIOD (149-151)	153	22.810.875	11.614.900	38.140.071	20.944.803
2. LOSS FOR THE PERIOD (151-148)	154	0	0	0	0

3. Profit and loss account - continued

ADDENDUM TO ATS (filled in by the entrepreneur compiling the consolidated annual financial statement)
XIV. PROFIT OR LOSS FOR THE CURRENT PERIOD
1. Attributable to equity holders	155	22.809.929	11.612.454	38.140.071	20.944.803
2. Attributable to minority interests	156	946	2.445
Report for other comprehensive income (only for the taxpayer applying IFRS)
I. PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	22.810.875	11.614.900	38.140.071	20.944.803
II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	0	0	0	0
1. Exchange differences on translation of foreign operations	159
2. Movements in revaluation reserves of fixed and intangible assets	160
3. Profit or loss from revaluation of financial assets available for sale	161
4. Gains or losses on effective cash flow protection	162
5. Gains or losses on effective hedge of a net investment abroad	163
6. Share of other comprehensive income / loss of associated companies	164
7. Actuarial gains / losses on defined benefit plans	165
III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD	166
IV. OTHER COMPREHENSIVE NET PROFIT OR LOSS	167	0	0	0	0
V. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	22.810.875	11.614.900	38.140.071	20.944.803
ADDENDUM TO Report for other comprehensive income (filled in by the entrepreneur compiling the consolidated annual financial statement)
VI. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD
1. Attributable to equity holders	169	22.809.929	11.612.454	38.140.071	20.944.803
2. Attributable to minority interests	170	946	2.445

3. Cash flow (indirect method)

Taxpayer: GROUP AD PLASTIK AOP Preceding ITEM ind. year 1 2 3 4 CASH FLOW FROM OPERATING ACTIVITIES 1. Profit before taxation 001 23.047.469 42.243.662 2. Depreciation 002 28.176.406 25.453.180 3. Increase of current liabilities 003 45.369.926 12.249.505 4. Decrease of current receivables 004 5. Decrease in stocks 3.737.914 005 6. Other increase of cash flow 006 1.578 I. Total increase of cash flow from operating activities (001 - 006) 007 100.331.715 79.947.925 1. Decrease of current liabilities 008 2. Increase of current receivables 009 1.991.325 11.031.140 3. Increase in stocks 010 6.386.642 4. Other decrease of cash flow 011 136.197 II. Total decrease of cash flow from operating activities (008 – 011) 012 2.127.522 17.417.782 A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 013 98.204.193 62.530.143 A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 014 0 0 CASH FLOWS FROM INVESTMENT ACTIVITIES 1. Cash inflows from sale of fixed intangible and tangible assets 015 1.765.084 2. Cash inflows from sale of ownership and debt instruments 016 3. Cash inflows from interest 017 4. Cash inflows from dividends 018 5. Other cash inflows from investment activities 019 III. Total cash inflows from investment activities (015-019) 020 1.765.084 0 1. Cash expenditures for purchase of fixed tangible and intangible assets 021 27.143.117 2. Cash expenditures for acquisition of ownership and debt instruments 022 3. Other cash expenditures from investment activities 023 10.999.330 2.271.747 IV. Total cash expenditures from investment activities (021-023) 024 10.999.330 29.414.864 B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024) 025 0 0 B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020) 026 9.234.246 29.414.864 CASH FLOW FROM FINANCIAL ACTIVITIES 1. Cash inflows from issuing ownership and debt financial instruments 027 2. Cash inflows from credit principal, debentures, loans and other borrowings 028 3. Other inflows from financial activities 029 5.719.958 4.519.208 V. Total cash inflows from financial activities (027-029) 030 5.719.958 4.519.208 1. Cash expenditures for the payment of credit principal and debentures 031 16.053.118 13.926.286 2. Cash expenditures for the payment of dividends 032 3. Cash expenditures for financial lease 033 24.854.483 17.446.284 4. Cash expenditures for repurchase of own shares 034 5. Other cash expenditures from financial activities 035 34.222.399 2.986.660 VI. Total cash expenditures from financial activities (031-035) 036 75.130.000 34.359.230 C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036) 037 0 0 C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030) 038 69.410.042 29.840.022 Total cash flow increase (013-014+025-026+037-038) 039 19.559.905 3.275.257 Total cash flow decrease (014-013+026-025+038-037) 040 0 0 Cash and cash equivalents at the beginning of the period 041 13.146.715 9.561.724 Cash and cash equivalents increase 042 19.559.905 3.275.257 Cash and cash equivalents decrease 043 Cash and cash equivalents at the end of the period 044 32.706.620 12.836.981	CASH FLOW REPORT – Indirect method in period from 01.01.2011. till 30.06.2011.
			Current year

4. Report on changes of capital

REPORT ON CHANGES TO CAPITAL
for period 30.6.2011 1.1.2011 till
	AOP	Preceding
ITEM	ind.	year	Current year
1	2	3	4
1. Subscribed capital	001	419.958.400	419.958.400
2. Capital reserves	002	177.437.945	182.889.871
3. Reserves from profit	003	6.201.251	16.567.063
4. Retained profit or loss carried over	004	0	39.381.677
5. Current year profit or loss	005	54.224.990	38.140.071
6. Revalorisation of fixed material assets	006
7. Revalorisation of intangible assets	007
8. Revalorisation of financial assets available for sale	008
9. Other revalorisation	009	10.042.847	10.185.353
10. Total capital and reserves (AOP 001-009)	010	667.865.433	707.122.435
11.Exchange rate variations from net investments into foreign business	011
12.Current and deferred taxes (part)	012
13.Cash flow protection	013
14.Changes in bookkeeping policies	014
15.Correction of significant mistakes from the previous period	015
16.Other changes to capital	016
17. Total capital increase or decrease (AOP 011 - 016)	017	0	0
17a. Ascribed to holders of the holders company capital	018	667.840.835	707.122.435
17b. Ascribed to minority interest	019	24.598
Items reducing Capital are entered w ith negative sign. Data under EOP codes 001 to 009 are entered as balance as at Balance Sheet date.

5. Notes to Consolidated Financial Statements

Notes with financial reports
1. AOP 024 Higher given loans to companies in which exists participating interest are due to
higher loans given to affiliates FADP Russia
2.AOP 039 Commercial goods contains value of tool for known buyer
3. AOP 046 Receivables from participating companies includes dividend from EURO APS
Romania
4. AOP 112 i 113 - Less income and expenses is due to production transfer from affiliate ADP
Luga to affiliate FADP Luga Russia whose financial reports are included in AD Plastik Group
reports using the equity method in accordance with IAS 27 and 28.
5. AOP 132 In current period there was no significant exchange rate fluctuation like in preceding year.

Financial reports of the Company AD Plastik Inc. Solin

Appendix 1
Reporting period:				01.01.2011.		till	30.06.2011.
						Quarterly Financial Report of the entrepreneur TFI-POD
	Register number (MB):		03440494
	Entity register number (MBS):		060007090
	Personal identification		48351740621
	number (PIN):
	Issuing company: AD PLASTIK d.d.
	Post code and place: 21210				Solin
	Street and house number: Matoševa 8
	E-mail address: adplastik@adplastik.hr
	Internet address: www.adplastik.hr
		406	Solin
	Municipality/city code and name:
	County code and name:	1 7		Splitsko-dalmatinska			No. of employees: (at the end of the trimester)	817
	Consolidated report:	NO					NCA code:	2932
	Names of consolidation subjects (according to IMSF):				Seat:		REG.NO.:
	Bookkeeping service:
	Contact person: Marica Jakelić
						(only the name and surname of the contact person to be entered)
		Telephone: 021/206-660				Fax:	021/206-669
	E-mail address: marica.jakelic@adplastik.hr
	Name and surname: Katija Klepo
				(person authorised for representation)
	Documentation for publishing:
							1. Financial statements (balance sheet, profit and loss statement, cash flow statement, changes in equity and notes to
	financial statements)
	2. Interim report,
	3.Statement of the person responsible for compiling financial statements.
				Place of the seal			(signature of the person authorised for representation)

6. Balance sheet

Assets

BALANCE SHEET as at 30.06.2011.
Taxpayer: AD PLASTIK d.d.	AOP
ITEM	ind.	Preceding year	Current year
1 ASSETS	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001
B) FIXED ASSETS (003+010+020+029+033)	002	683.393.883	698.950.468
I. INTANGIBLE ASSETS (004 up to 009)	003	41.068.786	35.933.119
1. Development costs	004	40.667.370	35.342.823
2. Concessions, patents, licenses, trademarks, softwares and other rights	005	401.416	590.296
3. Goodwill	006
4. Advances for purchase of intangible assets 5. Intangible assets in preparation	007 008
6. 6. Other intangible assets	009
II. TANGIBLE ASSETS (011 up to 019)	010	440.520.255	432.579.558
1. Land	011	134.619.737	135.048.372
2. Buildings	012	170.463.291	170.571.605
3. Plants and machinery	013	125.573.646	117.256.647
4. Tools, plant & office inventory, furniture & transport means	014	7.236.660	6.301.949
5. Biological assets	015
6. Payments on account for tangible assets	016
7. Tangible assets in preparation	017	2.626.921	3.400.985
8. Other tangible assets	018
9. Investment in real estate	019
III. FIXED FINANCIAL ASSETS (021 up to 028) 1. Shares in affiliated undertakings	020 021	201.138.391 74.678.639	229.771.340 74.681.629
2. Loans to affiliated undertakings	022	44.838.550	56.022.218
3. Participating interests (shares)	023	52.561.385	52.561.392
4. Given loans to companies in which exist participating interests	024	28.564.380	46.010.664
5. Investments in securities	025	63.855	63.855
6. Other loan, deposits etc	026	431.582	431.582
7. Other fixed financial assets	027
8. Investment stated in equity method	028
IV. RECEIVABLES (030 up to 032)	029	0	0
1. Receivables from associated undertakings	030
2. Receivables from sales on credit	031
3. Other receivables	032
V. DEFFERED TAX ASSETS C) CURRENT ASSETS (035+043+050+058)	033 034	666.451 293.731.842	666.451 273.806.079
I. INVENTORY (036 up to 042)	035	37.165.157	32.187.995
1. Materials and supplies	036	27.539.443	23.160.784
2. Work in progress	037	2.430.497	2.204.811
3. Finished goods	038	7.183.788	6.822.400
4. Commercial goods	039	11.429
5. Advances for inventories	040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 up to 049)	043	186.794.445	176.474.574
1. Receivables from associated undertakings	044	80.475.302	54.146.756
2. Trade receivables 3. Receivables from participating companies	045 046	63.662.324	59.920.984
4. Receivables from employees and members of the business	047	5.244.952 929.439	22.174.305 2.505.839
5. Receivables from government and other institutions	048	15.433.186	14.333.238
6. Other receivables	049	21.049.242	23.393.452
III. CURRENT FINANCIAL ASSETS (051 up to 057)	050	66.543.367	61.067.988
1. Shares in affiliated undertakings	051
2. Loans to affiliates	052
3. Participating interests (shares)	053
4. Given loans to companies in which exist participating interests	054
5. Investments in to securities	055
6. Other loan, deposits etc	056	66.543.367	61.067.988
7. Other financial assets IV. CASH AT BANK AND IN HAND	057 058
D) PREPAYMENTA AND ACCRUED INCOME	059	3.228.873 75.527.413	4.075.522 81.669.826
E) TOTAL ASSETS (001+002+034+059)	060	1.052.653.138	1.054.426.373
F) OUT-OF-BALANCE ITEMS	061	7.149.642	7.149.642

Liabilities
LIABILITIES
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	648.297.174	698.041.740
I. SUBSCRIBED SHARE CAPITAL	063	419.958.400	419.958.400
II. CAPITAL RESERVES	064	181.239.161	182.844.510
III. RESERVES FROM GAIN (066+067-068+069+070)	065	16.171.699	16.516.366
1. Legal reserves	066	6.128.852	6.128.852
2. Reserves for own shares	067	11.359.719	10.729.845
3. Own stocks and shares (deductible item)	068	11.359.719	10.729.845
4. Statutory reserves	069
5. Other reserves	070	10.042.847	10.387.514
IV. REVALUATION RESERVES	071	10.185.353	10.185.353
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	0	20.742.561
1. Retained earnings	073		20.742.561
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	20.742.561	47.794.550
1. Current year profit	076	20.742.561	47.794.550
2. Current year loss	077
VII. MINOR INTEREST	078
B) PROVISIONS (080 up to 082)	079	10.225.567	10.225.567
1. Provisions for pensions, severance pay and similar obligations	080	3.332.255	3.332.255
2. Provisions for tax liabilities	081
3. Other provisions	082	6.893.312	6.893.312
C) LONG TERM LIABILITIES (084 up to 092)	083	92.830.764	78.907.204
1. Liabilities to related parties	084
2. Commitments for loans, deposits, etc	085
3. Liabilities to banks and other financial institutions	086	92.830.764	78.907.204
4. Liabilities for advances	087
5. Trade payables	088
6. Commitments on securities	089
7. Liabilities to companies in which are participating interests	090
8. Other long term liabilities	091
9. Deferred tax liabilities	092
D) SHORT TERM LIABILITIES (094 do 105)	093	299.594.297	260.841.522
1. Liabilities to related parties	094	37.269.825	37.151.214
2. Commitments for loans, deposits, etc	095
3. Liabilities to banks and other financial institutions	096	106.256.933	68.183.085
4. Liabilities for advances	097	80.140.898	81.828.955
5. Trade payables	098	66.312.190	59.159.610
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100	199	199
8. Liabilities towards employees	101	5.226.092	7.820.732
9. Liabilities for taxes, contributions and other benefits	102	4.388.160	6.697.727
10. Liabilities to share in the result	103
11. Amount based on fixed assets intended to sale	104
12. Other short-term liabilities	105
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	1.705.336	6.410.340
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.052.653.138	1.054.426.373
G) OUT-OF BALANCE ITEMS	108	7.149.642	7.149.642
ADDENDUM TO BALANCE SHEET( filled in by the entrepreneur compiling the consolidated annual financial statement)
A) CAPITAL AND RESERVES
1. Ascribed to the holders of the parent company capital	109
2. Ascribed to minority interest	110
Note 1: Appendix to Balance sheet fill companies w ho make consolidated financial statements.

7. Profit and loss account

PROFIT AND LOSS ACCOUNT

in period from 01.01.2011. till 30.06.2011.

Taxpayer: AD PLASTIK d.d.
ITEM	AOP ind.		Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I. OPERATING TURNOVER (112+113)	111			292.141.694 141.632.873 294.865.120 142.012.684
1. Income from sales	112				288.949.948 139.981.073 292.908.231 141.557.803
2. Other operating income	113	3.191.746	1.651.800	1.956.889	454.881
II. OPERATING CHARGES (115+116+120+124+125+126+129+130)	114				273.974.392 134.821.414 270.738.545 132.760.831
1. Changes in the value of inventories of work in progress and finished goods	115	-99.408	38.212	473.779	-1.319.949
2. Material charges (117 up to 119)	116	189.745.404		91.247.325 178.292.449	87.756.746
a) Costs of raw materials and consumables	117	146.318.793		71.154.090 137.822.964	66.579.396
b) Costs of sales	118	18.840.436	8.830.655	16.331.749	8.155.650
c) Other external charges	119	24.586.175	11.262.580	24.137.736	13.021.700
3. Staff costs (121 up to 123)	120	47.825.215	24.571.239	44.498.028	22.529.489
a) Salaries and wages	121	28.695.129	14.742.743	26.698.817	13.517.694
b) Costs of taxes and social security	122	11.956.304	6.142.810	11.124.507	5.632.372
c) Duties on wages	123	7.173.782	3.685.686	6.674.704	3.379.423
4. Depreciation	124	20.904.608	8.933.727	19.706.127	9.852.747
5. Other costs	125	15.408.364	9.840.702	26.212.093	13.214.446
6. Impairment (127+128)	126	0	0	0	0
a) fixed assets (excluding financial assets)	127
b) current assets (excluding financial assets)	128
7. Provisions	129
8. Other operating expenses	130	190.209	190.209	1.556.069	727.352
III. FINANCIAL INCOME (132 up to 136)	131	9.820.913	6.271.401	40.327.123	8.247.057
1. Interests, exchange rate differenc, dividends with affiliates	132	3.006.329	1.513.185	17.490.271	3.968.082
2. Interests, exch. rate differenc., dividends with non-affiliates	133	6.814.584	4.758.216	6.888.550	4.278.975
3. Part of income from affiliates and participated interests	134			15.948.302
4. Non-realized financial income	135
5. Other financial income	136
IV. FINANCIAL CHARGES (138 up to 141)	137	12.711.793	8.119.681	13.497.962	8.296.692
1. Interests, exchange rate differenc, dividends with affiliates	138	1.888.130	1.324.428	4.114.725	3.013.512
2. Interests, exch. rate differenc., dividends with non-affiliates	139	10.823.663	6.795.253	9.383.237	5.283.180
3. Non-realized financial charges	140
4. Other financial charges	141
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143
VII. EXTRAORDINARY – OTHER INCOME	144
VIII. EXTRAORDINARY – OTHER CHARGES	145
IX. TOTAL INCOME (111+131+142 + 144)	146				301.962.607 147.904.274 335.192.243 150.259.741
X. TOTAL CHARGES (114+137+143 + 145)	147				286.686.185 142.941.095 284.236.507 141.057.523
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	15.276.422	4.963.179	50.955.736	9.202.218
1. Profit before taxation (146-147)	149	15.276.422	4.963.179	50.955.736	9.202.218
2. Loss before taxation (147-146)	150	0	0	0	0
XII. PROFIT TAX	151			3.161.186	175.174
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	15.276.422	4.963.179	47.794.550	9.027.044
1. PROFIT FOR THE PERIOD (149-151)	153	15.276.422	4.963.179	47.794.550	9.027.044
2. LOSS FOR THE PERIOD (151-148)	154	0	0	0	0

7. Profit and loss account -continued

ADDENDUM TO ATS (filled in by the entrepreneur compiling the consolidated annual financial statement)
XIV. PROFIT OR LOSS FOR THE CURRENT PERIOD
1. Attributable to equity holders	155
2. Attributable to minority interests	156
Report for other comprehensive income (only for the taxpayer applying IFRS)
I. PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157
II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	0	0	0	0
1. Exchange differences on translation of foreign operations	159
2. Movements in revaluation reserves of fixed and intangible assets	160
3. Profit or loss from revaluation of financial assets available for sale	161
4. Gains or losses on effective cash flow protection	162
5. Gains or losses on effective hedge of a net investment abroad	163
6. Share of other comprehensive income / loss of associated companies	164
7. Actuarial gains / losses on defined benefit plans	165
III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD	166
IV. OTHER COMPREHENSIVE NET PROFIT OR LOSS	167	0	0	0	0
V. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	0	0	0	0
ADDENDUM TO Report for other comprehensive income (filled in by the entrepreneur compiling the consolidated annual financial statement)
VI. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD
1. Attributable to equity holders	169
2. Attributable to minority interests	170

8. Cash flow (indirect method)

CASH FLOW REPORT – Indirect method
in period from 01.01.2011. till 30.06.2011.

AOP ITEM Preceding year Current year ind. 1 2 3 4 CASH FLOW FROM OPERATING ACTIVITIES 1. Profit before taxation 001 15.276.422 50.955.736 2. Depreciation 002 20.904.608 19.706.127 3. Increase of current liabilities 003 35.506.563 4. Decrease of current receivables 004 26.078.154 4.177.458 5. Decrease in stocks 005 566.974 4.977.162 6. Other increase of cash flow 006 I. Total increase of cash flow from operating activities (001 - 006) 007 98.332.721 79.816.483 1. Decrease of current liabilities 008 34.047.771 2. Increase of current receivables 009 3. Increase in stocks 010 4. Other decrease of cash flow 011 II. Total decrease of cash flow from operating activities (008 – 011) 012 0 34.047.771 A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 013 98.332.721 45.768.712 A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 014 0 0 CASH FLOWS FROM INVESTMENT ACTIVITIES 1. Cash inflows from sale of fixed intangible and tangible assets 015 2. Cash inflows from sale of ownership and debt instruments 016 3. Cash inflows from interest 017 4. Cash inflows from dividends 018 5. Other cash inflows from investment activities 019 2.434.659 5.475.379 III. Total cash inflows from investment activities (015-019) 020 2.434.659 5.475.379 1. Cash expenditures for purchase of fixed tangible and intangible assets 021 18.362.407 6.629.763 2. Cash expenditures for acquisition of ownership and debt instruments 022 3. Other cash expenditures from investment activities 023 IV. Total cash expenditures from investment activities (021-023) 024 18.362.407 6.629.763 B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024) 025 0 0 B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020) 026 15.927.748 1.154.384 CASH FLOW FROM FINANCIAL ACTIVITIES 1. Cash inflows from issuing ownership and debt financial instruments 027 2. Cash inflows from credit principal, debentures, loans and other borrowings 028 3. Other inflows from financial activities 029 V. Total cash inflows from financial activities (027-029) 030 0 0 1. Cash expenditures for the payment of credit principal and debentures 031 15.544.055 13.923.560 2. Cash expenditures for the payment of dividends 032 3. Cash expenditures for financial lease 033 26.352.940 28.629.952 4. Cash expenditures for repurchase of own shares 034 5. Other cash expenditures from financial activities 035 34.633.775 1.214.167 VI. Total cash expenditures from financial activities (031-035) 036 76.530.770 43.767.679 C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036) 037 0 0 C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030) 038 76.530.770 43.767.679 Total cash flow increase (013-014+025-026+037-038) 039 5.874.203 846.649 Total cash flow decrease (014-013+026-025+038-037) 040 0 0 Cash and cash equivalents at the beginning of the period 041 5.472.575 3.228.873 Cash and cash equivalents increase 042 5.874.203 846.649 Cash and cash equivalents decrease 043 Cash and cash equivalents at the end of the period 044 11.346.778 4.075.522	Taxpayer: AD PLASTIK d.d.

9. Report on changes to capital

REPORT ON CHANGES TO CAPITAL
for period 30.6.2011 1.1.2011 till
ITEM	AOP	Preceding
	ind.	year	Current year
1	2	3	4
1. Subscribed capital	001	419.958.400	419.958.400
2. Capital reserves	002	181.239.161	182.844.510
3. Reserves from profit	003	16.171.699	16.516.366
4. Retained profit or loss carried over	004		20.742.561
5. Current year profit or loss	005	20.742.561	47.794.550
6. Revalorisation of fixed material assets	006
7. Revalorisation of intangible assets	007
8. Revalorisation of financial assets available for sale	008
9. Other revalorisation	009	10.185.353	10.185.353
10. Total capital and reserves (AOP 001-009)	010	648.297.174	698.041.740
11.Exchange rate variations from net investments into foreign business	011
12.Current and deferred taxes (part)	012
13.Cash flow protection	013
14.Changes in bookkeeping policies	014
15.Correction of significant mistakes from the previous period	015
16.Other changes to capital	016
17. Total capital increase or decrease (AOP 011 - 016)	017	0	0
17a. Ascribed to holders of the holders company capital	018
17b. Ascribed to minority interest	019
Items reducing Capital are entered w ith negative sign. Data under EOP codes 001 to 009 are entered as balance as at Balance Sheet date.

10. Notes to the financial statements for the Parent Company

Notes with financial reports
	Profit and loss account: - dividends from ZAO PHR Russia, in mount of 10,8 Mkn - higher profitability, in amount of 5,8 Mkn AOP 125 Position Other expenses includes: accompanied tooling income) new owners are Funds and small shareholders				Higher income (AOP 152), if we compare to preceding year, is 32,5 Mkn, and is due to: - dividends from EURO APS Romania in amount of 15,9 Mkn - Tool costs higher for 6 Mkn comparing with preceding year period (costs are covered with In last trimester there was change in ownership structure. Prevent released stocks (24,88%) and