AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

AD Plastik d.d.

Annual / Quarterly Financial Statement Feb 24, 2022

2080_10-q_2022-02-24_c298fde1-2dc7-4518-9258-68d7ab7d0bf2.pdf

Annual / Quarterly Financial Statement

Open in Viewer

Opens in native device viewer

UNAUDITED FINANCIAL STATEMENT

CONTENTS

Management Report of AD Plastik Group
and AD Plastik d.d. Solin for the period
1. 1. 2021 - 31. 12. 2021 3
Operating revenue, EBITDA and Net profi t 3
Comment by Marinko Došen, President of the
Management Board 4
Financial results for 2021 5
Operating revenue per sales markets 10
AD Plastik Group with consolidation of the
corresponding ownership part in affi liated
company 12
Share 14
Alternative performance measures 17
Financial statement of AD Plastik Group 19
Balance sheet 20
Statement of profi t and loss 23
Statement of cash flows (indirect method) 27
Statement of changes in equity 29
Notes to fi nancial statements - QFS 33
Financial statement of the company AD Plastik 34
Balance sheet 35
Statement of profi t and loss 38
Statement of cash flows (indirect method) 42
Statement of changes in equity 44
Notes to fi nancial statements - QFS 48
Management's statement of responsibility 49

The fi nancial statements of all companies within the AD Plastik Group have been prepared on the going concern basis.

• The most recent annual fi nancial statement is available on the Zagreb Stock Exchange website at the following link:

• The same accounting policies have been applied in preparing the fi nancial statements for the quarterly reporting period as in the most recent annual fi nancial statements.

Operating revenue, EBITDA and Net profi t

Comment by Marinko Došen, President of the Management Board

We present you the results of the AD Plastik Group's business in 2021, very challenging and demanding year, and according to many, one of the most diffi cult ones in the history of the automotive industry. Although the very beginning of the year showed positive signs and indicated the recovery of the market, the global crisis with the lack of semiconductors signifi cantly aff ected the sales of new cars. Namely, due to the crisis, car manufacturers failed to meet the needs of the market and deliver the required quantities. Disruptions in production processes have aff ected the entire supply chain of the automotive industry, including our business.

In these rather diffi cult circumstances, we generated the Group's operating revenue in the amount of HRK 1.14 billion, which was by 6.8 percent lower than a year earlier. EBITDA amounted to HRK 123.64 million and was lower by 25.5 percent, while net profi t decreased by 52.7 percent compared to 2020 and amounted to HRK 22.21 million. At the same time, the intensity of the crisis was somewhat lower in the Russian market, so our Russian factories achieved revenue growth of 13 percent.

The biggest challenges for our business operations in the past period have been the adaptations to frequent and uncertain changes in the operational plans of our customers, but despite this we have maintained our position and reputation as a reliable and quality supplier. We have adapted to their changes and at no point were our deliveries compromised. In addition to disruptions in the supply chain, last year was marked also by a signifi cant increase in the prices of materials, raw materials, transport and energy sources, which continues also in this period. By open price calculation and alignment with most of our customers, the impact on business has been reduced, but we are still primarily focused on maintaining fi nancial stability and sustainability of business.

Unlike production, sales and project activities proceeded unhindered, so in 2021 we sealed new deals worth more than EUR 150 million. We have also sealed deals on several very important development projects, thus strengthening our position as a development supplier. We have been working intensively on sales and development activities and the realization of 37 active development projects. In Russia, we have been actively preparing for the start of serial production of new vehicles and the realization of one of the largest contracted projects in that market.

The development activities of car manufacturers are in full swing and the entire industry has been actively preparing for the end of the crisis and a new rise. Although another very demanding period is ahead of us and there is no room for relaxation, I am sure that we will successfully cope with this rather diffi cult crisis. We are ready for new challenges, and we will breathe life into the better, brighter and more sustainable future of the automotive industry, which will surely come.

Marinko Došen President of the Management Board

Financial results for 2021

AD Plastik Group is comprised of the following companies during the reporting period:

  • AD Plastik d.d., Croatia
  • AO AD Plastik Togliatti, Russia
  • ZAO AD Plastik Kaluga, Russia
  • AD Plastik Tisza Kft., Hungary
  • ADP d.o.o., Serbia
  • AD Plastik d.o.o., Slovenia
  • (hereinafter: AD Plastik Group)

Signs of the recovery of the automotive industry at the beginning of the 2021 have been slowed down during the year due to the lack of semiconductors in the global market. That is the crisis that has aff ected production and consequently the sales of new cars, especially in the second half of the year. The Group's production sites have been adapting to uncertain and constant changes in customers' operational plans. However, due to the inability to plan, prepare and respond adequately in such short time intervals, fluctuations in orders have aff ected the company's revenue and profi tability. At the same time, the global economy, as well as the AD Plastik Group, has been facing additional market challenges such as supply chain disruptions and rise in material and energy sources prices.

The Group's operating revenue for 2021 amounted to HRK 1,135.57 million and was by 6.8 percent lower compared to 2020, while in the parent company it was by 13.4 percent lower and amounted to HRK 755 million. Although market indicators were signifi cantly more favorable in the fi rst half of the year, in the second half movements changed direction due to increasingly pronounced disruptions in the supply of semiconductors. Decreased production and a shortage of vehicles aff ected the expected trends in the number of newly registered cars in the European market. At the same time, these trends are more favorable in the Russian market, and the Group achieved revenue growth of 13 percent in Russia.

EBITDA in the reporting period decreased by 25.5 percent at the Group level and amounted to HRK 123.64 million, while in the parent company it was lower by 37.7 percent and amounted to HRK 73.80 million. The Group's net profi t decreased by 52.7 percent compared to 2020 and amounted to HRK 22.21 million, while in the parent company it was lower by 77.2 percent and amounted to HRK 15.64 million. At the same time, it should be noted that in the comparable year of 2020, there were signifi cant one-off positive effects from the sale of non-operating assets and used government grants in the amount

of HRK 32.9 million at the Group level and HRK 30.3 million at the parent company.

Lower EBITDA aff ected the Group's and the parent company's net profi t trend, with the additional impact of the lower profi t from the affi liated Romanian company on the Group's result, i.e. lower income from its dividend which aff ected the parent company's net profi t. The movement of the Russian ruble exchange rate in 2021 had a positive eff ect on the company's business results.

The reporting period was extremely challenging and demanding for the company's business operations. Despite expectations of a shorter duration of problems with semiconductors, the crisis in their supply continues also in 2022. However, gradual stabilization is expected in the second half of the year, which should have a positive impact on new car sales growth. The challenges posed by the pandemic, market disruptions and rise in energy sources and raw material prices will be present in the upcoming period too. AD Plastik Group has been adapting to the market situation, primarily taking into account the health and safety of its employees, maintaining fi nancial stability and business sustainability.

In the observed period, new deals worth EUR 152 million were sealed for the European and Russian markets, which is evidence of the automotive industry's intensive preparations for the end of the crisis. The development activities of car manufacturers are in full swing, and AD Plastik Group has been successfully following them, by working intensively on its sales and project activities in order to readily welcome the end of the crisis. In 2021, preparatory activities were carried out for new sealed deals, and 2022 is operationally focused on the successful realization of 37 active development projects and the start of serial production of new vehicles in the Russian market.

NEW DEALS 152 million EUR

KEY PERFORMANCE INDICATORS

KEY PERFORMANCE
INDICATORS
INTERIM UNAUDITED FINANCIAL STATEMENT
FI NANCIAL
2021
AD PLASTIK GROUP AD PLASTIK D.D.
INDICATORS (in HRK 000) 2020 2021 INDEX 2020 2021 INDEX
Operating revenue 1,218,581 1,135,571 93.19 871,660 755,005 86.62
Sales revenue 1,186,766 1,101,557 92.82 844,247 726,595 86.06
Operating expenses 1,149,686 1,105,054 96.12 825,630 750,215 90.87
EBITDA* 165,885 123,639 74.53 118,393 73,801 62.34
EBITDA last 4 quarters 165,885 123,639 74.53 117,983 73,801 62.55
Net profi t 46,929 22,210 47.33 68,633 15,642 22.79
NFD* 335,830 358,764 106.83 294,900 325,576 110.40
NFD/EBITDA * 2.02 2.90 143.33 2.50 4.41 176.50
EBITDA margin* 13.61% 10.89% -273 bps 13.58% 9.77% -381 bps
Neto profi t margin* 3.85% 1.96% -190 bps 7.87% 2.07% -580 bps
ROE* 5.45% 2.62% -283 bps 8.56% 1.95% -662 bps
Capex* 67,420 74,125 109.94 42,920 41,692 97.14

native performance measures in its reports. An overview and defi nition of the indicators used in this document are provided in Addendum 1

OPERATING EXPENSES

AD PLASTIK GROUP AD PLASTIK D.D.
OPERATING EXPENSES (in HRK 000) 2020 2021 INDEX 2020 2021 INDEX
OPERATING EXPENSES 1,149,686 1,105,054 96.12 825,630 750,215 90.87
Changes in the value of work in process and
fi nished products
-9,778 482 -4.93 -3,821 1,223 -32.01
Material costs 758,168 705,672 93.08 560,683 481,739 85.92
Staff costs 232,326 240,586 103.56 149,634 152,541 101.94
Amortization 96,991 93,122 96.01 72,363 69,011 95.37
Other costs 37,236 39,334 105.64 28,569 26,432 92.52
Provisions 4,703 1,665 35.41 4,035 1,465 36.32
Other operating expenses 30,041 24,193 80.53 14,167 17,803 125.67

NET FINANCIAL RESULT

NET FINANCIAL RESULT AD PLASTIK GROUP AD PLASTIK D.D.
(in HRK 000) 2020 2021 INDEX 2020 2021 INDEX
FINANCIAL REVENUE 362 813 224.48 45,618 23,322 51.12
Positive exchange rate diff erences 0 0 - 1,552 74 4.74
Interest income 362 741 204.71 3,542 3,454 97.52
Dividends 0 0 0,00 40,525 19,722 48.67
Other revenue - 72 - - 72 -
FINANCIAL EXPENSES 31,870 8,696 27.29 14,068 7,037 50.02
Negative exchange rate diff erences 21,895 3,030 13.84 3,636 449 12.34
Interest expenses 9,975 5,666 56.81 7,207 4,588 63.67
Loans impairment (IFRS 9) 0 0 - 3,226 2,000 62
FINANCIAL RESULT -31,508 -7,883 25.02 31,550 16,285 51.62

The strengthening of the Russian ruble exchange rate in the reporting period, along with lower fi nancing costs, had a favorable eff ect on the Group's net fi nancial result. The lower dividend income from the affi liated Romanian company aff ected the results of the parent company which were less favorable compared to the year before. In the reporting and comparative period, exchange rate diff erences within and outside the Group are presented on a net basis.

FINANCIAL POSITION

The Group's net fi nancial debt as of December 31, 2021 amounted to HRK 358.8 million, with an NFD/EBITDA ratio of 2.9. In the parent company, it amounted to HRK 325.6 million, and the NFD/ EBITDA ratio of 4.41 was achieved. Lower EBITDA had the greatest impact on the achieved indicator movement. In the reporting period, the company duly repaid all loan liabilities and provided additional liquidity through HBOR's program for permanent working capital on extremely favorable terms.

Indebtedness ratio was improved and as of December 31, 2021 it was 0.43 at the Group level, compared to 0.44 at the end of 2020. In the parent company it was the same as at the end of last year and amounted to 0.39. In the observed period, a return on equity (ROE) of 2.6 percent was achieved at the Group level, and 2 percent in the parent company.

As of December 31, 2021, Group had HRK 30.2 million in cash on its account as well as unused short-term credit lines in the amount of over HRK 70 million.

ABBREVIATED BALANCE SHEET AD PLASTIK GROUP AD PLASTIK D.D.
(in 000 HRK) 31 Dec 2020 31 Dec 2021 INDEX 31 Dec 2020 31 Dec 2021 INDEX
ASSETS 1,541,345 1,463,367 94.94 1,357,618 1,273,789 93.83
Noncurrent assets 980,222 972,376 99.20 935,859 896,183 95.76
Current assets 537,463 482,502 89.77 401,065 371,021 92.51
Prepaid expenses and accrued
income
23,661 8,488 35.87 20,695 6,585 31.82
LIABILITIES 680,720 628,856 92.38 529,934 493,267 93.08
Provisions 4,569 5,964 130.53 3,985 5,210 130.74
Noncurrent liabilities 183,611 262,583 143.01 143,172 234,271 163.63
Current liabilities 474,575 355,295 74.87 366,886 249,817 68.09
Accrued expenses and deferred
revenue
17,966 5,015 27.91 15,892 3,970 24.98
CAPITAL 860,625 834,511 96.97 827,684 780,522 94.30

Operating revenue per sales markets

EU AND SERBIAN MARKETS

In 2021, AD Plastik Group generated revenue of HRK 830.3 million in these markets, which is 73 percent of the Group's total revenue. Compared to 2020, revenue was lower by 12 percent and its movement is influenced by the lack of semiconductors in the market.

Market disruptions have aff ected the movement of the number of newly registered cars, which in 2021 decreased by 2.4 percent compared to the previous year. Although sales increased in the fi rst half of the year, decline in the second half of the year, due to the lack of cars in the market, completely changed the overall result. Thus, in 2021, 9.7 million new vehicles were registered, which is a decline of 2.4 percent compared to 2020. The largest markets in the EU, however, recorded an increase in sales, except for the German market, which recorded a decline of 10.1 percent. Italy thus recorded a growth of 5.5 percent, Spain 1.1 percent and France 0.5 percent.

The Volkswagen Group still holds the largest market share of 25.1 percent in the reporting period and recorded a decline in sales of 4.8 percent. Stellantis with a 21.9 percent share recorded a decline of 2.1 percent, while the Renault Group recorded a decline in sales of 10.2 percent and has a 10.6 percent market share.

According to ACEA forecasts, if stabilization in the supply of semiconductors is achieved, the number of newly registered cars is expected to increase by 7.9 percent in 2022.

In the reporting period, new deals worth EUR 79.9 million were sealed for the Stellantis Group in the European market.

RUSSIAN MARKET

Operating revenue in the Russian market increased by 13 percent in 2021 and amounted to HRK 305.3 million. In the reporting period, it accounted for 27 percent of the Group's total revenue, representing a fi ve percent increase compared to the previous year. Russian companies fully generate their revenue in the Russian market, and the semiconductor crisis aff ected that market with somewhat less intensity.

1.7 million new cars were registered in the Russian market in 2021, which is a growth of 4.3 percent compared to 2020. Despite negative developments in the second half of the year due to the lack of semiconductors and other market disruptions, AEB AMC predicts a slight market recovery with sales growth of 3.3 percent in 2022.

The Group's most signifi cant customer in this market is the Renault-Nissan-Mitsubishi Alliance, with the largest market share of 33.8 percent, which recorded a 3.2 percent decline in the observed period. The Volkswagen Group has an increasingly signifi cant share in the company's customer portfolio in Russia. Its market share in that market is 11.9 percent, and in 2021 it recorded a decline of 8.2 percent.

In the reporting period, new deals worth EUR 71.8 million were sealed for these customers.

REVENUE GROWTH RUSSIA 13%

AD Plastik Group with consolidation of the corresponding part of ownership in the affi liated company

In order to present a clearer picture of business, a comparable, shortened, consolidated profit and loss account of AD Plastik Group for 2020 and 2021 has been created, with profi t and loss account of the affi liated company Euro Auto Plastic Systems s.r.l. Mioveni, Romania (50 percent of ownership of AD Plastik d.d.).

in HRK 000
POSITIONS 2020 2021 INDEX
OPERATING REVENUE 1,484,384 1,395,062 93.98
OPERATING EXPENSES 1,391,224 1,347,908 96.89
Material costs 904,572 868,120 95.97
Staff costs 277,207 283,850 102.40
Amortization 107,625 101,790 94.58
Other costs 101,819 94,148 92.47
FINANCIAL REVENUE 362 1,952 539.06
FINANCIAL EXPENSES 33,405 10,212 30.57
TOTAL REVENUE 1,495,379 1,397,014 93.42
TOTAL EXPENSES 1,435,262 1,358,120 94.63
Profi t before taxation 60,117 38,895 64.70
Profi t tax 13,189 16,685 126.51
PROFIT OF THE PERIOD 46,929 22,210 47.33
EBITDA 200,785 148,944 74.18

Operating revenue of AD Plastik Group with consolidated corresponding part of ownership in the affi liated company amounted to HRK 1,395 million, recording a decrease by six percent compared to 2020. EBITDA amounted to HRK 148.94 million, representing a decrease of 25.8 percent, while net profi t was lower by 52.7 percent, amounting to HRK 22.2 million.

Abbreviated P/L and the Balance sheet of the affi liated company EAPS

Disruptions in the production of new cars due to the lack of semiconductors have also aff ected the business of the affi liated Romanian company EAPS. Thus, operating revenue amounted to HRK 534.51 million and were lower by 1.4 percent than a year earlier, while net profi t decreased by 40.8 percent, amounting to HRK 23.66 million.

EAPS primarily generates its revenue in Romanian market and, apart from that, it supplies its products to the markets of Algeria, Morocco, Iran, Brazil, Colombia, South Africa, Russia etc. EAPS has no fi nancial liabilities towards AD Plastik nor liabilities towards external entities, and as of December 31, 2021, its cash on account amounted to HRK 44.2 million. Investments in the observed period amounted to HRK 15.2 million, and in the reporting period a dividend in the amount of HRK 39.4 million was paid, of which HRK 19.7 million to AD Plastik.

EAPS results have been included in the results of AD Plastik Group by equity method.

in HRK 000
POSITIONS 2020 2021 INDEX
Operating revenue 541,869 534,508 98.64
Operating expenses -493,337 -501,235 101.60
Net fi nancial result -3,069 -752 24.51
Profi t before taxation 45,463 32,520 71.53
Profi t tax -5,498 -8,863 161.20
Profi t of the period 39,964 23,657 59.20

100% realization shown

in HRK 000
POSITIONS 31 Dec 2020 31 Dec 2021 INDEX
Noncurrent assets 98,236 94,367 96.06
Current assets 244,768 211,971 86.60
TOTAL ASSETS 343,004 290,768 84.77
Capital + provisions 133,167 121,657 91.36
Long-term liabilities and provisions 19,709 14,775 74.96
Current liabilities 190,128 169,906 89.36
TOTAL LIABILITIES 343,004 290,768 84.77

Share

ADPL is among the ten most liquid issues in 2021 in the domestic capital market, with a turnover of HRK 48.3 million, which is 2.8 percent of the total turnover of shares at the Zagreb Stock Exchange. The price of the ADPL share increased by 3.4 percent, compared to the end of last year, and as of December 31, 2021 it amounted to HRK 165.5. The highest price in this period was HRK 198, while the lowest price was HRK 148.

The movement of the share price was signifi cantly aff ected by the semiconductor crisis, but most shares in the automotive industry recorded an increase in prices compared to last year. Despite numerous uncertainties and challenges during the year, capital markets have been growing thanks to the continued favorable monetary policy of the world's leading banks and the strong recovery of the companies' business operations in global markets. For the fourth year in a row, US markets have been outperforming all other major global capital markets, with the S&P 500 index growth of 25 percent.

Some stabilization was also recorded in the domestic capital market, with a signifi cant strengthening of almost all indexes. Although the market looked quite diverse during the year, Crobex recorded growth of 19.6 percent. The turnover of shares within the book of off ers at the Zagreb Stock Exchange is a quarter lower than a year earlier, and the total turnover is ultimately almost by 19 percent lower.

By the decision of the General Assembly from March and July, in 2021 a dividend in the total amount of HRK 66.3 million was paid. HRK 8 per share was paid from 2019 retained earnings, and HRK 8 from 2020 earnings. Taking into account the last price at the end of the reporting period, the dividend yield is 9.7 percent.

ADPL share price and index CROBEX behavior

Ownership structure as of December 31, 2021

ADPL 31 Dec 2020 31 Dec 2021 INDEX
Final price (HRK) 160.0 165.5 103.4
Average price (HRK) 148.3 177.9 119.9
The highest price (HRK) 202.0 198.0 98.0
The lowest price (HRK) 93.0 148.0 159.1
Volume 878,018 271,791 31.0
Turnover (HRK) 121,169,950 48,342,627 39.9
Market capitalization * 671,933,440 695,031,152 103.4
P/E* 14.08 30.87 219.2
EPS (HRK)* 11.36 5.36 47.2
ROE* 5.45% 2.62% -282.6 bps

* In addition to the measures defi ned by International Financial Reporting Standards (IFRS), AD Plastik Group also uses alternative performance measures in its reports. An overview and defi nition of the measures used in this document are provided in Addendum 1.

As of December 31, 2021, the share was traded at a P/E of 30.9. The lower generated profi t affected the decline in earnings per share (EPS), which amounted to HRK 5.4, compared to HRK 11.4 a year earlier. Return on equity (ROE) is 2.6 percent, compared to 5.5 percent a year earlier.

Alternative performance measures

ADDENDUM 1

In addition to the fi nancial performance measures defi ned by International Financial Reporting Standards (IFRS), AD Plastik Group also uses certain alternative performance measures in its reports, considering them useful for business performance analysis for investors. Alternative performance measures show a comparative periods so that the company's results can be compared over diff erent periods.

EBITDA and EBITDA margin

EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) represents the operating profi t (operating revenue minus operating expenses) increased by amortization of tangible and intangible assets. The company also presents an EBITDA margin that represents a percentage of EBITDA relative to operating revenue.

NET profi t margin

It is calculated by the ratio of realized net profit and operating revenue. The company uses this measure to track its profi tability relative to operating revenue.

NET debt and net debt to EBITDA

Net debt represents the sum of short-term and long-term liabilities to banks and short-term and long-term loans to non-banking companies, minus cash and cash equivalents. AD Plastik Group uses the ratio of net debt to EBITDA as an indicator of fi nancial stability and the company's ability to repay its fi nancial obligations. When calculating the indicators on a quarterly basis, the EBITDA realized in the last four quarters is taken into account.

AD PLASTIK GROUP 31 Dec 2020 31 Dec 2021
Non-bank loans 49,181 47,276
Long-term liabilities to
banks
169,611 242,140
Short-term liabilities to
banks
179,705 99,508
Cash -62,667 -30,160
Net fi nancial debt 335,830 358,764
(in HRK 000) (in HRK 000)
AD PLASTIK D.D. 31 Dec 2020 31 Dec 2021
Non-bank loans 37,684 37,586
Long-term liabilities to
banks
139,426 221,520
Short-term liabilities to
banks
153,458 76,267
Cash -35,669 -9,797
Net fi nancial debt 294,900 325,576

ROE

This measure is used to monitor the realized return on equity. It is calculated on an annual and quarterly basis. When calculating the indicators on an annual basis, the ratio is the net profi t of the current period and the average value of equity (the average value of equity at the end of the reporting period and equity at the beginning of the reporting period). At the quarterly level, it is calculated by the ratio of net profi t for the last four quarters and the average value of equity (average value of equity at the end of the reporting period and equity at the end of the same period of the previous year).

Capex

Capital investments are indirect cash flow position and they are related to payments for tangible and intangible assets. This measure is used as an indicator of the use of funds to achieve future economic flows and ensure the distribution of funds in accordance with the Group's strategy.

Indebtedness ratio

The indebtedness ratio is the ratio of total liabilities to total assets. This measure is used to monitor the company's fi nancial risk in terms of growth of liabilities in relation to assets.

Market capitalization

Market capitalization is the total market value of the company, and it is calculated as the product of the total number of shares and the last share price on the day of the reporting period.

31 Dec 2020 31 Dec 2021
Last price in the period
(HRK)
160 165.5
Number of shares (000) 4,200 4,200
Market capitalization
(in HRK 000)
671,933 695,031

EPS and P/E

These measures are used so that investors can analyze the value of the share. Earnings per share (EPS) are calculated by dividing net profi t by the weighted average number of shares. The quarterly calculation uses the net profi t realized in the last four quarters.

31 Dec 2020 31 Dec 2021
Net profi t of the period
(in HRK 000)
46,929 22,210
Average weighted number
of shares (000)
4,131 4,143
EPS (HRK) 11.36 5.36

P/E is the ratio of price to earnings per share (EPS). The price represents the share price on the last day of the reporting period, and in the quarterly calculation, net profi t represents the realized profi t in the last four quarters.

Annex 1 ISSUER'S GENERAL DATA

Reporting period: 1. 1. 2021 to 31. 12. 2021
Year: 2021 Quarter: 4
QUARTERLY FINANCIAL STATEMENTS
Registration number (MB): 03440494 Issuer's home Member State code:
HR
Entity's registration number (MBS): 060007090
Personal identifi cation number (OIB): 48351740621 LEI 549300NFX18SRZHNT751
Institution code: 382
Name of the issuer: AD PLASTIK d.d.
Postcode and town: 21210 Solin
Street and house number: Matoševa 8
E-mail address: [email protected]
Web address: www.adplastik.hr
Number of employees
(end of the reporting period):
2544
Consolidated report: KD (KN-not consolidated/KD-consolidated)
Audited: RN (RN-not audited/RD-audited)
Names of subsidiaries
(according to IFRS):
Registered offi ce: MB:
AD PLASTIK d.d. Solin, Croatia 03440494
AO AD PLASTIK TOGLIATTI Samara, Russian
Federation
1036300221935
ZAO AD PLASTIK KALUGA Kaluga, Russian
Federation
1074710000320
AD PLASTIK TISZA Kft. Tiszaujvaros,
Hungary
12800821-
2932-133-05
ADP d.o.o. Mladenovac, Serbia 20787538
AD PLASTIK d.o.o. Novo Mesto,
Slovenia
1214985000
Bookkeeping fi rm: NO (Yes/No)
Contact person: Jurun Krešimir
(only name and surname of the contact person)
Telephone: 021/206-663
E-mail address: [email protected]
Audit fi rm:
(name of the audit fi rm)
Certifi ed auditor:
(name and surname)

balance as at 31.12.2021 Balance sheet Submitter: AD Plastik Group

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID 001 0 0
B) FIXED ASSETS (ADP 003+010+020+031+036) 002 980,221,621 972,376,479
I INTANGIBLE ASSETS (ADP 004 to 009) 003 109,986,115 106,980,118
1 Research and development 004 47,725,629 44,412,893
2 Concessions, patents, licences, trademarks, software and other rights 005 2,698,689 1,845,008
3 Goodwill 006 24,618,487 25,119,327
4 Advances for the purchase of intangible assets 007 50,072 0
5 Intangible assets in preparation 008 23,353,977 28,141,146
6 Other intangible assets 009 11,539,261 7,461,744
II TANGIBLE ASSETS (ADP 011 to 019) 010 782,039,924 791,908,734
1 Land 011 136,335,310 137,977,122
2 Buildings 012 269,148,587 271,074,467
3 Plant and equipment 013 287,531,519 266,231,926
4 Tools, working inventory and transportation assets 014 45,733,666 47,878,631
5 Biological assets 015 0 0
6 Advances for the purchase of tangible assets 016 923,031 11,745,576
7 Tangible assets in preparation 017 9,395,089 11,848,874
8 Other tangible assets 018 8,115,826 20,438,859
9 Investment property 019 24,856,896 24,713,279
III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 72,026,013 64,070,560
1 Investments in holdings (shares) of undertakings within the group 021 0 0
2 Investments in other securities of undertakings within the group 022 0 0
3 Loans, deposits, etc. to undertakings within the group 023 0 0
4. Investments in holdings (shares) of companies linked by virtue of participating
interests
024 71,964,313 64,070,560
5 Investment in other securities of companies linked by virtue of participating interests 025 0 0
6 Loans, deposits etc. to companies linked by virtue of participating interests 026 0 0
7 Investments in securities 027 61,700 0
8 Loans, deposits, etc. given 028 0 0
9 Other investments accounted for using the equity method 029 0 0
10 Other fi xed fi nancial assets 030 0 0
IV RECEIVABLES (ADP 032 to 035) 031 0 0
1 Receivables from undertakings within the group 032 0 0
2 Receivables from companies linked by virtue of participating interests 033 0 0
3 Customer receivables 034 0 0
4 Other receivables 035 0 0
V DEFERRED TAX ASSETS 036 16,169,569 9,417,067
C) CURRENT ASSETS (ADP 038+046+053+063) 037 537,462,795 482,502,020
I INVENTORIES (ADP 039 to 045) 038 181,974,861 192,597,118
1 Raw materials and consumables 039 85,772,332 100,587,910
2 Work in progress 040 13,914,940 12,300,519
3 Finished goods 041 31,149,355 27,745,165
4 Merchandise 042 37,117,569 30,626,359
5 Advances for inventories 043 14,020,665 21,337,165

Balance sheet balance as at 31.12.2021

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
6 Fixed assets held for sale 044 0 0
7 Biological assets 045 0 0
II RECEIVABLES (ADP 047 to 052) 046 291,923,350 259,744,793
1 Receivables from undertakings within the group 047 0 0
2 Receivables from companies linked by virtue of participating interests 048 4,380,494 2,545,227
3 Customer receivables 049 263,281,006 231,206,930
4 Receivables from employees and members of the undertaking 050 134,716 203,100
5 Receivables from government and other institutions 051 21,029,298 16,008,874
6 Other receivables 052 3,097,836 9,780,662
III CURRENT FINANCIAL ASSETS (ADP 054 to 062) 053 897,742 0
1 Investments in holdings (shares) of undertakings within the group 054 0 0
2 Investments in other securities of undertakings within the group 055 0 0
3 Loans, deposits, etc. to undertakings within the group 056 0 0
4 Investments in holdings (shares) of companies linked by virtue of participating
interests
057 0 0
5 Investment in other securities of companies linked by virtue of participating interests 058 0 0
6 Loans, deposits etc. to companies linked by virtue of participating interests 059 0 0
7 Investments in securities 060 0 0
8 Loans, deposits, etc. given 061 897,742 0
9 Other fi nancial assets 062 0 0
IV CASH AT BANK AND IN HAND 063 62,666,842 30,160,109
D) PREPAID EXPENSES AND ACCRUED INCOME 064 23,660,655 8,488,114
E) TOTAL ASSETS (ADP 001+002+037+064) 065 1,541,345,071 1,463,366,613
F) OFF-BALANCE SHEET ITEMS 066 104,812,940 83,538,047
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) 067 860,625,426 834,510,653
I INITIAL (SUBSCRIBED) CAPITAL 068 419,958,400 419,958,400
II CAPITAL RESERVES 069 192,394,466 192,688,262
III RESERVES FROM PROFIT (ADP 071+072-073+074+075) 070 92,313,627 86,386,685
1 Legal reserves 071 6,674,128 6,674,128
2 Reserves for treasury shares 072 20,890,463 20,890,463
3 Treasury shares and holdings (deductible item) 073 -11,795,123 -8,600,309
4 Statutory reserves 074 125,369 125,369
5 Other reserves 075 76,418,790 67,297,034
IV REVALUATION RESERVES 076 -20,791,430 -10,066,109
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) 077 -50,457,353 -46,703,492
1 Financial assets at fair value through other comprehensive income (i.e. available for sale) 078 0 0
2 Cash flow hedge - eff ective portion 079 0 0
3 Hedge of a net investment in a foreign operation - eff ective portion 080 0 0
4 Other fair value reserves 081 0 0
5 Exchange diff erences arising from the translation of foreign operations
(consolidation)
082 -50,457,353 -46,703,492
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) 083 180,279,146 170,036,905
1 Retained profi t 084 180,279,146 170,036,905

Balance sheet balance as at 31.12.2021

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
2 Loss brought forward 085 0 0
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) 086 46,928,570 22,210,002
1 Profi t for the business year 087 46,928,570 22,210,002
2 Loss for the business year 088 0 0
VIII MINORITY (NON-CONTROLLING) INTEREST 089 0 0
B)
PROVISIONS (ADP 091 to 096)
090 4,568,764 5,963,753
1 Provisions for pensions, termination benefi ts and similar obligations 091 2,741,849 3,994,841
2 Provisions for tax liabilities 092 0 0
3 Provisions for ongoing legal cases 093 0 17,312
4 Provisions for renewal of natural resources 094 0 0
5 Provisions for warranty obligations 095 0 0
6 Other provisions 096 1,826,915 1,951,600
C)
LONG-TERM LIABILITIES (ADP 098 to 108)
097 183,610,568 262,582,538
1 Liabilities to undertakings within the group 098 0 0
2 Liabilities for loans, deposits, etc. of undertakings within the group 099 0 0
3 Liabilities to companies linked by virtue of participating interests 100 0 0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating
interests
101 0 0
5 Liabilities for loans, deposits etc. 102 9,865,523 7,123,308
6 Liabilities to banks and other fi nancial institutions 103 169,610,764 242,140,460
7 Liabilities for advance payments 104 0 0
8 Liabilities to suppliers 105 0 0
9 Liabilities for securities 106 0 0
10 Other long-term liabilities 107 4,134,281 13,318,770
11 Deferred tax liability 108 0 0
D)
SHORT-TERM LIABILITIES (ADP 110 to 123)
109 474,574,696 355,295,121
1 Liabilities to undertakings within the group 110 0 0
2 Liabilities for loans, deposits, etc. of undertakings within the group 111 0 0
3 Liabilities to companies linked by virtue of participating interests 112 0 0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating
interests
113 0 0
5 Liabilities for loans, deposits etc. 114 40,273,096 40,152,198
6 Liabilities to banks and other fi nancial institutions 115 179,705,252 99,507,985
7 Liabilities for advance payments 116 32,128,831 37,881,799
8 Liabilities to suppliers 117 165,110,854 128,781,861
9 Liabilities for securities 118 0 0
10 Liabilities to employees 119 14,396,553 12,623,590
11 Taxes, contributions and similar liabilities 120 22,559,336 19,305,333
12 Liabilities arising from the share in the result 121 1,080,559 1,104,354
13 Liabilities arising from fi xed assets held for sale 122 0 0
14 Other short-term liabilities 123 19,320,215 15,938,001
E)
ACCRUALS AND DEFERRED INCOME
124 17,965,617 5,014,548
F)
TOTAL – LIABILITIES (ADP 067+090+097+109+124)
125 1,541,345,071 1,463,366,613
G)
OFF-BALANCE SHEET ITEMS
126 104,812,940 83,538,047
ADP SAME PERIOD OF
THE PREVIOUS YEAR
CURRENT PERIOD
ITEM CODE Cumulative Quarter Cumulative Quarter
1 2 3 4 5 6
I. OPERATING INCOME (ADP 002 to 006) 001 1,218,580,546 376,902,536 1,135,571,201 305,057,440
1 Income from sales with undertakings within the
group
002 0 0 0 0
2 Income from sales (outside group) 003 1,186,765,857 366,813,392 1,101,557,052 289,822,231
3 Income from the use of own products, goods and
services
004 2,718,113 1,259,398 3,751,092 3,035,290
4 Other operating income with undertakings within the
group
005 0 0 0 0
5 Other operating income (outside the group) 006 29,096,576 8,829,746 30,263,057 12,199,919
II. OPERATING EXPENSES
(ADP 08+009+013+017+018+019+022+029)
007 1,149,686,352 344,976,608 1,105,053,751 302,553,654
1 Changes in inventories of work in progress and
fi nished goods
008 -9,777,986 -9,140,631 482,141 4,381,858
2 Material costs (ADP 010 to 012) 009 758,167,575 242,498,939 705,671,529 189,731,593
a) Costs of raw materials and consumables 010 603,364,413 175,250,889 547,470,264 142,061,433
b) Costs of goods sold 011 61,537,124 29,992,868 72,576,330 22,823,087
c) Other external costs 012 93,266,038 37,255,182 85,624,935 24,847,073
3 Staff costs (ADP 014 to 016) 013 232,326,420 77,371,951 240,585,933 58,209,604
a) Net salaries and wages 014 147,002,494 48,773,495 152,609,817 34,402,199
b) Tax and contributions from salary costs 015 50,097,352 17,026,860 51,986,309 13,948,199
c) Contributions on salaries 016 35,226,574 11,571,596 35,989,807 9,859,206
4 Depreciation 017 96,990,550 25,332,789 93,121,986 23,645,982
5 Other costs 018 37,235,555 270,956 39,334,041 11,111,007
6 Value adjustments (ADP 020+021) 019 0 0 0 0
a) fi xed assets other than fi nancial assets 020 0 0 0 0
b) current assets other than fi nancial assets 021 0 0 0 0
7 Provisions (ADP 023 to 028) 022 4,703,001 4,703,001 1,665,427 1,616,480
a) Provisions for pensions, termination benefi ts and
similar obligations
023 869,542 869,542 1,420,967 1,379,766
b) Provisions for tax liabilities 024 0 0 0 0
c) Provisions for ongoing legal cases 025 824,602 824,602 123,125 123,125
d) Provisions for renewal of natural resources 026 0 0 0 0
e) Provisions for warranty obligations 027 0 0 0 0
f) Other provisions 028 3,008,857 3,008,857 121,335 113,589
8 Other operating expenses 029 30,041,237 3,939,603 24,192,694 13,857,130
III. FINANCIAL INCOME (ADP 031 to 040) 030 1,919,061 1,604,636 1,952,388 10,424
1 Income from investments in holdings (shares) of
undertakings within the group
031 0 0 0 0
2 Income from investments in holdings (shares) of
companies linked by virtue of participating interests
032 0 0 0 0
3 Income from other long-term fi nancial investment
and loans granted to undertakings within the group
033 0 0 0 0
4 Other interest income from operations with
undertakings within the group
034 0 0 0 0
5 Exchange rate diff erences and other fi nancial income
from operations with undertakings within the group
035 1,556,879 1,556,879 0 0
ITEM ADP SAME PERIOD OF
THE PREVIOUS YEAR
CURRENT PERIOD
CODE Cumulative Quarter Cumulative Quarter
1 2 3 4 5 6
6 Income from other long-term fi nancial investments
and loans
036 0 0 0 0
7 Other interest income 037 362,182 47,757 741,418 177,152
8 Exchange rate diff erences and other fi nancial income 038 0 0 1,139,367 -166,728
9 Unrealised gains (income) from fi nancial assets 039 0 0 0 0
10 Other fi nancial income 040 0 0 71,603 0
IV. FINANCIAL EXPENSES (ADP 042 to 048) 041 33,427,094 5,610,309 9,835,360 7,333,678
1 Interest expenses and similar expenses with
undertakings within the group
042 0 0 0 0
2 Exchange rate diff erences and other expenses from
operations with undertakings within the group
043 11,683,574 2,297,587 4,169,015 6,197,530
3 Interest expenses and similar expenses 044 9,975,064 2,225,894 5,666,345 1,136,148
4 Exchange rate diff erences and other expenses 045 11,768,456 1,086,828 0 0
5 Unrealised losses (expenses) from fi nancial assets 046 0 0 0 0
6 Value adjustments of fi nancial assets (net) 047 0 0 0 0
7 Other fi nancial expenses 048 0 0 0 0
V. SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY
VRITUE OF PARTICIPATING INTERESTS
049 19,982,061 9,887,276 11,828,550 4,007,953
VI. SHARE IN PROFIT FROM JOINT VENTURES 050 0 0 0 0
VII. SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF
PARTICIPATING INTEREST
051 0 0 0 0
VIII. SHARE IN LOSS OF JOINT VENTURES 052 0 0 0 0
IX. TOTAL INCOME (ADP 001+030+049 +050) 053 1,240,481,668 388,394,448 1,149,352,139 309,075,817
X. TOTAL EXPENDITURE (ADP 007+041+051 + 052) 054 1,183,113,446 350,586,917 1,114,889,111 309,887,332
XI. PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 57,368,222 37,807,531 34,463,028 -811,515
1 Pre-tax profi t (ADP 053-054) 056 57,368,222 37,807,531 34,463,028 0
2 Pre-tax loss (ADP 054-053) 057 0 0 0 -811,515
XII. INCOME TAX 058 10,439,653 14,664,910 12,253,026 -55,695
XIII. PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) 059 46,928,569 23,142,621 22,210,002 -755,820
1 Profi t for the period (ADP 055-059) 060 46,928,569 23,142,621 22,210,002 0
2 Loss for the period (ADP 059-055) 061 0 0 0 -755,820
DISCONTINUED OPERATIONS (TO BE FILLED IN BY UNDERTAKINGS SUBJECT TO IFRS ONLY WITH DISCONTINUED OPERATIONS)
XIV. PRE-TAX PROFIT OR LOSS OF DISCONTINUED
OPERATIONS (ADP 063-064)
062 0 0 0 0
1 Pre-tax profi t from discontinued operations 063 0 0 0 0
2 Pre-tax loss on discontinued operations 064 0 0 0 0
XV. INCOME TAX OF DISCONTINUED OPERATIONS 065 0 0 0 0
1 Discontinued operations profi t for the period
(ADP 062-065)
066 0 0 0 0
2 Discontinued operations loss for the period
(ADP 065-062)
067 0 0 0 0
TOTAL OPERATIONS (TO BE FILLED IN ONLY BY UNDERTAKINGS SUBJECT TO IFRS WITH DISCONTINUED OPERATIONS)
XVI. PRE-TAX PROFIT OR LOSS (ADP 055-+062) 068 0 0 0 0
1 Pre-tax profi t (ADP 068) 069 0 0 0 0
2 Pre-tax loss (ADP 068) 070 0 0 0 0
ADP THE PREVIOUS YEAR SAME PERIOD OF CURRENT PERIOD
ITEM CODE Cumulative Quarter Cumulative Quarter
1 2 3 4 5 6
XVII. INCOME TAX (ADP 058+065) 071 0 0 0 0
XVIII. PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) 072 0 0 0 0
1 Profi t for the period (ADP 068-071) 073 0 0 0 0
2 Loss for the period (ADP 071-068) 074 0 0 0 0
APPENDIX TO THE P&L (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP CONSOLIDATED ANNUAL FINANCIAL STATEMENTS)
XIX. PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) 075 46,928,570 23,142,621 22,210,002 -755,819
1 Attributable to owners of the parent 076 46,928,570 23,142,621 22,210,002 -755,819
2 Attributable to minority (non-controlling) interest 077 0 0 0 0
STATEMENT OF OTHER COMPRHENSIVE INCOME (TO BE FILLED IN BY UNDERTAKINGS SUBJECT TO IFRS)
I. PROFIT OR LOSS FOR THE PERIOD 078 46,928,570 23,142,621 22,210,002 -755,819
II. OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX
(ADP 80+ 87)
079 -38,745,537 2,076,309 9,915,629 984,002
III. Items that will not be reclassifi ed to profi t or loss
(ADP 081 to 085)
080 0 0 0 0
1 Changes in revaluation reserves of fi xed tangible and
intangible assets
081 0 0 0 0
2 Gains or losses from subsequent measurement
of equity instruments at fair value through other
comprehensive income
082 0 0 0 0
3 Fair value changes of fi nancial liabilities at fair value
through statement of profi t or loss, attributable to
changes in their credit risk
083 0 0 0 0
4 Actuarial gains/losses on the defi ned benefi t
obligation
084 0 0 0 0
5 Other items that will not be reclassifi ed 085 0 0 0 0
6 Income tax relating to items that will not be
reclassifi ed
086 0 0 0 0
IV. Items that may be reclassifi ed to profi t or loss
(ADP 088 to 095)
087 -38,745,537 2,076,309 9,915,629 984,002
1 Exchange rate diff erences from translation of foreign
operations
088 -38,745,537 2,076,309 9,915,629 984,002
2 Gains or losses from subsequent measurement
of debt securities at fair value through other
comprehensive income
089 0 0 0 0
3 Profi t or loss arising from eff ective cash flow
hedging
090 0 0 0 0
4 Profi t or loss arising from eff ective hedge of a net
investment in a foreign operation
091 0 0 0 0
5 Share in other comprehensive income/loss of
companies linked by virtue of participating interests
092 0 0 0 0
6 Changes in fair value of the time value of option 093 0 0 0 0
7 Changes in fair value of forward elements of forward
contracts
094 0 0 0 0
8 Other items that may be reclassifi ed to profi t or loss 095 0 0 0 0
9 Income tax relating to items that may be reclassifi ed
to profi t or loss
096 -4,210,235 1,013,735 1,232,353 166,512
ITEM ADP THE PREVIOUS YEAR SAME PERIOD OF CURRENT PERIOD
1 CODE
2
Cumulative
3
Quarter
4
Cumulative
5
Quarter
6
V. NET OTHER COMPREHENSIVE INCOME OR LOSS
(ADP 080+087- 086 - 096)
097 -34,535,302 1,062,574 8,683,276 817,490
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
(ADP 078+097)
098 12,393,268 24,205,195 30,893,278 61,671
APPENDIX TO THE STATEMENT ON COMPREHENSIVE INCOME
(TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP CONSOLIDATED STATEMENTS)
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
(ADP 100+101)
099 12,393,268 24,205,197 30,893,278 61,671
1 Attributable to owners of the parent 100 12,393,268 24,205,197 30,893,278 61,671
2 Attributable to minority (non-controlling) interest 101 0 0 0 0

Statement of cash flows

indirect method for the period 1.1.2021 to 31.12.2021

ITEM ADP
CODE
SAME PERIOD OF THE
PREVIOUS YEAR
CURRENT
PERIOD
1 2 3 4
CASH FLOW FROM OPERATING ACTIVITIES
1 Pre-tax profi t 001 57,368,223 34,463,028
2 Adjustments (ADP 003 to 010): 002 160,569,825 91,643,901
a) Depreciation 003 96,990,550 93,121,986
b) Gains and losses from sale and value adjustment of fi xed tangible and intangible
assets
004 -5,990,159 1,075,770
c) Gains and losses from sale and unrealised gains and losses and value adjustment
of fi nancial assets
005 0 -71,603
d) Interest and dividend income 006 -362,182 -741,418
e) Interest expenses 007 9,975,064 5,666,345
f) Provisions 008 -61,981 -4,547,227
g) Exchange rate diff erences (unrealised) 009 8,062,096 -246,481
h) Other adjustments for non-cash transactions and unrealised gains and losses 010 51,956,437 -2,613,471
I Cash flow increase or decrease before changes in working capital (ADP 001+002) 011 217,938,048 126,106,929
3 Changes in the working capital (ADP 013 to 016) 012 -78,094,094 -8,605,965
a) Increase or decrease in short-term liabilities 013 -83,579,270 -25,895,958
b) Increase or decrease in short-term receivables 014 -27,865,287 35,699,096
c) Increase or decrease in inventories 015 11,985,031 -18,409,103
d) Other increase or decrease in working capital 016 21,365,432 0
II Cash from operations (ADP 011+012) 017 139,843,954 117,500,964
4 Interest paid 018 -9,412,717 -6,243,033
5 Income tax paid 019 -1,502,255 -7,831,675
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 020 128,928,982 103,426,256
CASH FLOW FROM INVESTMENT ACTIVITIES
1 Cash receipts from sales of fi xed tangible and intangible assets 021 27,161,736 2,049,086
2 Cash receipts from sales of fi nancial instruments 022 0 133,303
3 Interest received 023 715,000 741,418
4 Dividends received 024 40,516,851 19,517,828
5 Cash receipts from repayment of loans and deposits 025 0 0
6 Other cash receipts from investment activities 026 0 0
III Total cash receipts from investment activities (ADP 021 to 026) 027 68,393,587 22,441,635
1 Cash payments for the purchase of fi xed tangible and intangible assets 028 -67,420,307 -74,124,972
2 Cash payments for the acquisition of fi nancial instruments 029 0 0
3 Cash payments for loans and deposits for the period 030 -897,742 0
4 Acquisition of a subsidiary, net of cash acquired 031 0 0
5 Other cash payments from investment activities 032 0 0
IV Total cash payments from investment activities (ADP 028 to 032) 033 -68,318,049 -74,124,972
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) 034 75,538 -51,683,337
CASH FLOW FROM FINANCING ACTIVITIES
1 Cash receipts from the increase in initial (subscribed) capital 035 0 0
2 Cash receipts from the issue of equity fi nancial instruments and debt fi nancial
instruments
036 0 0
3 Cash receipts from credit principals, loans and other borrowings 037 90,151,234 164,357,613

Statement of cash flows

indirect method for the period 1.1.2021 to 31.12.2021 Submitter: AD Plastik Group

ITEM ADP
CODE
SAME PERIOD OF THE
PREVIOUS YEAR
CURRENT
PERIOD
1 2 3 4
4 Other cash receipts from fi nancing activities 038 0 0
V Total cash receipts from fi nancing activities (ADP 035 to 038) 039 90,151,234 164,357,613
1 Cash payments for the repayment of credit principals, loans and other borrowings
and debt fi nancial instruments
040 -158,619,372 -173,904,671
2 Cash payments for dividends 041 -16,522,104 -66,294,460
3 Cash payments for fi nance lease 042 -8,436,215 -8,417,431
4 Cash payments for the redemption of treasury shares and decrease in initial
(subscribed) capital
043 0 0
5 Other cash payments from fi nancing activities 044 0 0
VI Total cash payments from fi nancing activities (ADP 040 to 044) 045 -183,577,691 -248,616,562
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) 046 -93,426,457 -84,258,949
1 Unrealised exchange rate diff erences in respect of cash and cash equivalents 047 17,266 9,297
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) 048 35,595,329 -32,506,733
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 049 27,071,513 62,666,842
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) 050 62,666,842 30,160,109
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscri
bed) capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reserves
Other
reserves
Revaluation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
inves
tment in
a foreign
opera
tion -
eff ective
portion
Other
fair value
reserves
Exchange
rate diff e
rences from
translation
of foreign
operations
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total capital
and reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
PREVIOUS PERIOD
1 Balance on the fi rst day of the previous
business year
01 419,958,400 192,394,466 6,123,451 20,890,463 11,795,123 125,369 54,720,113 -6,019,702 0 0 0 0 -32,762,994 125,773,727 93,276,877 862,685,047 0 862,685,047
2 Changes in accounting policies 02 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3 Correction of errors 03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4 Balance on the fi rst day of the
previous business year (restated)
(ADP 01 to 03)
04 419,958,400 192,394,466 6,123,451 20,890,463 11,795,123 125,369 54,720,113 -6,019,702 0 0 0 0 -32,762,994 125,773,727 93,276,877 862,685,047 0 862,685,047
5 Profi t/loss of the period 05 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46,928,570 46,928,570 0 46,928,570
6 Exchange rate diff erences from
translation of foreign operations
06 0 0 0 0 0 0 0 0 0 0 0 0 -17,694,360 0 0 -17,694,360 0 -17,694,360
7 Changes in revaluation reserves of
fi xed tangible and intangible assets
07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Gains or losses from subsequent
measurement of fi nancial assets
at fair value through other
comprehensive income (available
for sale)
08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Profi t or loss arising from eff ective
cash flow hedge
09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 Profi t or loss arising from eff ective
hedge of a net investment in a foreign
operation
10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11 Share in other comprehensive
income/loss of companies linked by
virtue of participating interests
11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Actuarial gains/losses on the defi ned
benefi t obligation
12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Other changes in equity unrelated
to owners
13 0 0 0 0 0 0 0 -20,537,734 0 0 0 0 0 0 0 -20,537,734 0 -20,537,734
14 Tax on transactions recognised
directly in equity
14 0 0 0 0 0 0 0 3,696,792 0 0 0 0 0 0 0 3,696,792 0 3,696,792
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscri
bed) capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reserves
Other
reserves
Revaluation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
inves
tment in
a foreign
opera
tion -
eff ective
portion
Other
fair value
reserves
Exchange
rate diff e
rences from
translation
of foreign
operations
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total capital
and reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
15 Decrease in initial (subscribed) capital
(other than arising from the pre
bankruptcy settlement procedure or
from the reinvestment of profi t)
15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Decrease in initial (subscribed) capital
arising from the pre-bankruptcy
settlement procedure
16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Decrease in initial (subscribed) capital
arising from the reinvestment of
profi t
17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Redemption of treasury shares/
holdings
18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Payments from members/
shareholders
19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Payment of share in profi t/dividend 20 0 0 0 0 0 0 0 0 0 0 0 0 0 -16,522,104 0 -16,522,104 0 -16,522,104
21 Other distributions and payments to
members/shareholders
21 0 0 550,677 0 0 0 21,698,677 2,069,214 0 0 0 0 0 -22,249,354 0 2,069,214 0 2,069,214
22 Transfer to reserves according to the
annual schedule
22 0 0 0 0 0 0 0 0 0 0 0 0 0 93,276,877 -93,276,877 0 0 0
23 Increase in reserves arising from
the pre-bankruptcy settlement
procedure
23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Balance on the last day of the
previous business year reporting
period (ADP 04 to 23)
24 419,958,400 192,394,466 6,674,128 20,890,463 11,795,123 125,369 76,418,790 -20,791,430 0 0 0 0 -50,457,354 180,279,146 46,928,570 860,625,425 0 860,625,425
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP FINANCIAL STATEMENTS IN ACCORDANCE WITH THE IFRS)
I OTHER COMPREHENSIVE INCOME OF
THE PREVIOUS PERIOD, NET OF TAX
(ADP 06 to 14)
25 0 0 0 0 0 0 0 -16,840,942 0 0 0 0 -17,694,360 0 0 -34,535,302 0 -34,535,302
II COMPREHENSIVE INCOME OR LOSS
FOR THE PREVIOUS PERIOD
(ADP 05+25)
26 0 0 0 0 0 0 0 -16,840,942 0 0 0 0 -17,694,360 0 46,928,570 12,393,268 0 12,393,268
III TRANSACTIONS WITH OWNERS IN
THE PREVIOUS PERIOD RECOGNISED
DIRECTLY IN EQUITY (ADP 15 to 23)
27 0 0 550,677 0 0 0 21,698,677 2,069,214 0 0 0 0 0 54,505,419 -93,276,877 -14,452,890 0 -14,452,890
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscri
bed) capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reserves
Other
reserves
Revaluation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
inves
tment in
a foreign
opera
tion -
eff ective
portion
Other
fair value
reserves
Exchange
rate diff e
rences from
translation
of foreign
operations
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total capital
and reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
CURRENT PERIOD
1 Balance on the fi rst day of the current
business year
28 419,958,400 192,394,466 6,674,128 20,890,463 11,795,123 125,369 76,418,790 -20,791,430 0 0 0 0 -50,457,354 180,279,146 46,928,570 860,625,425 0 860,625,425
2 Changes in accounting policies 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3 Correction of errors 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4 Balance on the fi rst day of the current
business year (restated)
(AOP 28 to 30)
31 419,958,400 192,394,466 6,674,128 20,890,463 11,795,123 125,369 76,418,790 -20,791,430 0 0 0 0 -50,457,354 180,279,146 46,928,570 860,625,425 0 860,625,425
5 Profi t/loss of the period 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22,210,002 22,210,002 0 22,210,002
6 Exchange rate diff erences from
translation of foreign operations
33 0 0 0 0 0 0 0 0 0 0 0 0 3,753,862 0 0 3,753,862 0 3,753,862
7 Changes in revaluation reserves of
fi xed tangible and intangible assets
34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Gains or losses from subsequent
measurement of fi nancial assets at fair
value through other comprehensive
income (available for sale)
35 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Profi t or loss arising from eff ective
cash flow hedge
36 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 Profi t or loss arising from eff ective
hedge of a net investment in a foreign
operation
37 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11 Share in other comprehensive
income/loss of companies linked by
virtue of participating interests
38 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Actuarial gains/losses on the defi ned
benefi t obligation
39 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Other changes in equity unrelated
to owners
40 0 0 0 0 0 0 0 6,011,480 0 0 0 0 0 0 0 6,011,480 0 6,011,480
14 Tax on transactions recognised
directly in equity
41 0 0 0 0 0 0 0 -1,082,066 0 0 0 0 0 0 0 -1,082,066 0 -1,082,066
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscri
bed) capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reserves
Other
reserves
Revaluation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
inves
tment in
a foreign
opera
tion -
eff ective
portion
Other
fair value
reserves
Exchange
rate diff e
rences from
translation
of foreign
operations
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total capital
and reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
15 Decrease in initial (subscribed) capital
(other than arising from the pre
bankruptcy settlement procedure or
from the reinvestment of profi t)
42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Decrease in initial (subscribed) capital
arising from the pre-bankruptcy
settlement procedure
43 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Decrease in initial (subscribed) capital
arising from the reinvestment of
profi t
44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Redemption of treasury shares/
holdings
45 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Payments from members/
shareholders
46 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Payment of share in profi t/dividend 47 0 0 0 0 0 0 0 0 0 0 0 0 0 -66,292,567 0 -66,292,567 0 -66,292,567
21 Other distributions and payments to
members/shareholders
48 0 293,796 0 0 -3,194,814 0 -9,121,756 5,795,907 0 0 0 0 0 9,121,756 0 9,284,517 0 9,284,517
22 Carryforward per annual plane 49 0 0 0 0 0 0 0 0 0 0 0 0 0 46,928,570 -46,928,570 0 0 0
23 Increase in reserves arising from
the pre-bankruptcy settlement
procedure
50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Balance on the last day of the current
business year reporting period
(ADP 31 to 50)
51 419,958,400 192,688,262 6,674,128 20,890,463 8,600,309 125,369 67,297,034 -10,066,109 0 0 0 0 -46,703,492 170,036,905 22,210,002 834,510,653 0 834,510,653
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP FINANCIAL STATEMENTS IN ACCORDANCE WITH THE IFRS)
I OTHER COMPREHENSIVE INCOME
FOR THE CURRENT PERIOD, NET OF
TAX (ADP 33 to 41)
52 0 0 0 0 0 0 0 4,929,414 0 0 0 0 3,753,862 0 0 8,683,276 0 8,683,276
II COMPREHENSIVE INCOME OR LOSS
FOR THE CURRENT PERIOD
(ADP 32 do 52)
53 0 0 0 0 0 0 0 4,929,414 0 0 0 0 3,753,862 0 22,210,002 30,893,278 0 30,893,278
III TRANSACTIONS WITH OWNERS IN
THE CURRENT PERIOD RECOGNISED
DIRECTLY IN EQUITY (ADP 42 to 50)
54 0 293,796 0 0 -3,194,814 0 -9,121,756 5,795,907 0 0 0 0 0 -10,242,241 -46,928,570 -57,008,050 0 -57,008,050

Notes to

INTERIM UNAUDITED FINANCIAL STATEMENT 2021 Finan-Notes to Financial Statements - TFI

(drawn up for quarterly reporting periods)

Name of the issuer: AD Plastik d.d.

cial State-Headquarter: Ul. Antuna Gustava Matoša 8, 21210, Solin, Hrvatska

Personal identifi cation number (OIB): 48351740621

MBS: 060007090

Reporting period: 1. 1. 2021 to 31. 12. 2021

ments - Notes to fi nancial statements are available as part of AD Plastik Group's Unaudited fi nancial statement. Unaudited fi nancial statement is available on Zagreb Stock Exchange website.

AD Plastik Group Integrated annual report for 2020 year is available on Zagreb Stock Exchange website.

TFI Same accounting policies are applied while drawing up fi nancial statements for current reporting period as in the latest annual fi nancial statements.

AD Plastik d.d. has issued corporate guarantees for the needs of subsidiaries in the following amounts: to banks HRK 72,923 thousand and to suppliers HRK 9,036 thousand.

Amount owed by AD Plastik Group and falling due after more than fi ve years amounts to HRK 7,328 thousand.

The average number of employees of AD Plastik Group in the period from 1.1.2021. to 31.12.2021. was 2,711.

In intangible assets in the period from 1.1.2021. to 31.12.2021., the cost of net salaries and wages of HRK 3,616,862, the cost of taxes and contributions from salaries of HRK 1,365,269, and the cost of contributions to salaries of HRK 730,135 were capitalized.

Deferred tax asset on 31.12.2020 amounts HRK 16,170 thousand. Decrease in reporting period in amount of HRK 6,753 thousand refers to recognition of deferred tax assets based on tax relief on capital investment in amount of HRK 7,805 thousand, decrease in amount of HRK 1,321 thousand refers to recognition of deferred tax asset based on accumulated tax losses, and generation of deferred tax asset in amount of HRK 2,373 thousand based on realised tax losses.

Annex 1 ISSUER'S GENERAL DATA

Reporting period: 1. 1. 2021 to 31. 12. 2021
Year: 2021 Quarter: 4

QUARTERLY FINANCIAL STATEMENTS

Registration number (MB): 03440494 Issuer's home Member State code: HR
Entity's registration number (MBS): 060007090
Personal identifi cation number (OIB): 48351740621 LEI 549300NFX18SRZHNT751
Institution code: 382
Name of the issuer: AD PLASTIK d.d.
Postcode and town: 21210 Solin
Street and house number: Matoševa 8
E-mail address: [email protected]
Web address: www.adplastik.hr
Number of employees
(end of the reporting period):
1329
Consolidated report: KD (KN-not consolidated/KD-consolidated)
Audited: RN (RN-not audited/RD-audited)
Names of subsidiaries

(according to IFRS): Registered offi ce: MB:

Bookkeeping fi rm: NO (Yes/No)
Contact person: Jurun Krešimir
(only name and surname of the contact person)
Telephone: 021/206-663
E-mail address: [email protected]
Audit fi rm:
(name of the audit fi rm)
Certifi ed auditor:
(name and surname)

balance as at 31.12.2021 Balance sheet Submitter: AD Plastik d.d.

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID 001 0 0
B) FIXED ASSETS (ADP 003+010+020+031+036) 002 935,859,049 896,183,354
I INTANGIBLE ASSETS (ADP 004 to 009) 003 70,478,753 72,347,653
1 Research and development 004 41,698,782 39,971,420
2 Concessions, patents, licences, trademarks, software and other rights 005 1,887,803 1,134,218
3 Goodwill 006 0 0
4 Advances for the purchase of intangible assets 007 0 0
5 Intangible assets in preparation 008 23,088,598 28,539,614
6 Other intangible assets 009 3,803,570 2,702,401
II TANGIBLE ASSETS (ADP 011 to 019) 010 587,886,592 577,347,284
1 Land 011 130,739,904 130,739,904
2 Buildings 012 179,678,878 177,900,277
3 Plant and equipment 013 204,329,017 181,286,338
4 Tools, working inventory and transportation assets 014 38,910,750 38,260,636
5 Biological assets 015 0 0
6 Advances for the purchase of tangible assets 016 0 0
7 Tangible assets in preparation 017 4,835,070 7,060,705
8 Other tangible assets 018 6,576,959 19,438,458
9 Investment property 019 22,816,014 22,660,966
III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 247,414,732 228,884,014
1 Investments in holdings (shares) of undertakings within the group 021 127,611,746 127,611,746
2 Investments in other securities of undertakings within the group 022 0 0
3 Loans, deposits, etc. to undertakings within the group 023 97,986,131 79,517,113
4. Investments in holdings (shares) of companies linked by virtue of participating
interests
024 21,755,155 21,755,155
5 Investment in other securities of companies linked by virtue of participating interests 025 0 0
6 Loans, deposits etc. to companies linked by virtue of participating interests 026 0 0
7 Investments in securities 027 61,700 0
8 Loans, deposits, etc. given 028 0 0
9 Other investments accounted for using the equity method 029 0 0
10 Other fi xed fi nancial assets 030 0 0
IV RECEIVABLES (ADP 032 to 035) 031 18,573,514 11,531,222
1 Receivables from undertakings within the group 032 18,573,514 11,531,222
2 Receivables from companies linked by virtue of participating interests 033 0 0
3 Customer receivables 034 0 0
4 Other receivables 035 0 0
V DEFERRED TAX ASSETS 036 11,505,458 6,073,181
C) CURRENT ASSETS (ADP 038+046+053+063) 037 401,064,627 371,021,133
I INVENTORIES (ADP 039 to 045) 038 100,389,467 88,198,976
1 Raw materials and consumables 039 49,070,969 55,111,497
2 Work in progress 040 6,474,541 7,030,010
3 Finished goods 041 18,460,231 16,444,406
4 Merchandise 042 21,367,054 6,661,831
5 Advances for inventories 043 5,016,672 2,951,232

Balance sheet balance as at 31.12.2021

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
6 Fixed assets held for sale 044 0 0
7 Biological assets 045 0 0
II RECEIVABLES (ADP 047 to 052) 046 240,585,036 231,105,603
1 Receivables from undertakings within the group 047 25,764,328 54,792,700
2 Receivables from companies linked by virtue of participating interests 048 4,378,797 2,545,227
3 Customer receivables 049 195,530,325 158,778,083
4 Receivables from employees and members of the undertaking 050 2,659 37,391
5 Receivables from government and other institutions 051 12,570,132 7,694,624
6 Other receivables 052 2,338,795 7,257,578
III CURRENT FINANCIAL ASSETS (ADP 054 to 062) 053 24,421,060 41,919,843
1 Investments in holdings (shares) of undertakings within the group 054 0 0
2 Investments in other securities of undertakings within the group 055 0 0
3 Loans, deposits, etc. to undertakings within the group 056 23,523,317 41,919,843
4 Investments in holdings (shares) of companies linked by virtue of participating
interests
057 0 0
5 Investment in other securities of companies linked by virtue of participating interests 058 0 0
6 Loans, deposits etc. to companies linked by virtue of participating interests 059 0 0
7 Investments in securities 060 0 0
8 Loans, deposits, etc. given 061 897,743 0
9 Other fi nancial assets 062 0 0
IV CASH AT BANK AND IN HAND 063 35,669,064 9,796,711
D) PREPAID EXPENSES AND ACCRUED INCOME 064 20,694,662 6,584,996
E) TOTAL ASSETS (ADP 001+002+037+064) 065 1,357,618,338 1,273,789,483
F) OFF-BALANCE SHEET ITEMS 066 104,812,940 83,538,047
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) 067 827,684,292 780,522,156
I INITIAL (SUBSCRIBED) CAPITAL 068 419,958,400 419,958,400
II CAPITAL RESERVES 069 191,988,358 192,282,154
III RESERVES FROM PROFIT (ADP 071+072-073+074+075) 070 91,642,982 85,716,041
1 Legal reserves 071 6,128,852 6,128,852
2 Reserves for treasury shares 072 20,890,463 20,890,463
3 Treasury shares and holdings (deductible item) 073 -11,795,123 -8,600,308
4 Statutory reserves 074 0 0
5 Other reserves 075 76,418,790 67,297,034
IV REVALUATION RESERVES 076 0 0
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) 077 0 0
1 Financial assets at fair value through other comprehensive income (i.e. available for sale) 078 0 0
2 Cash flow hedge - eff ective portion 079 0 0
3 Hedge of a net investment in a foreign operation - eff ective portion 080 0 0
4 Other fair value reserves 081 0 0
5 Exchange diff erences arising from the translation of foreign operations (consolidation) 082 0 0
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) 083 55,461,922 66,923,740
1 Retained profi t 084 55,461,922 66,923,740
2 Loss brought forward 085 0 0

Balance sheet balance as at 31.12.2021

ITEM ADP
CODE
LAST DAY OF
THE PRECEDING
BUSINESS YEAR
AT THE REPORTING
DATE OF THE
CURRENT PERIOD
1 2 3 4
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) 086 68,632,630 15,641,821
1 Profi t for the business year 087 68,632,630 15,641,821
2 Loss for the business year 088 0 0
VIII MINORITY (NON-CONTROLLING) INTEREST 089 0 0
B) PROVISIONS (ADP 091 to 096) 090 3,985,041 5,209,930
1 Provisions for pensions, termination benefi ts and similar obligations 091 2,289,473 3,524,902
2 Provisions for tax liabilities 092 0 0
3 Provisions for ongoing legal cases 093 0 0
4 Provisions for renewal of natural resources 094 0 0
5 Provisions for warranty obligations 095 0 0
6 Other provisions 096 1,695,568 1,685,028
C) LONG-TERM LIABILITIES (ADP 098 to 108) 097 143,171,708 234,270,891
1 Liabilities to undertakings within the group 098 0 0
2 Liabilities for loans, deposits, etc. of undertakings within the group 099 0 0
3 Liabilities to companies linked by virtue of participating interests 100 0 0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating
interests
101 0 0
5 Liabilities for loans, deposits etc. 102 185,023 0
6 Liabilities to banks and other fi nancial institutions 103 139,426,105 221,520,141
7 Liabilities for advance payments 104 0 0
8 Liabilities to suppliers 105 0 0
9 Liabilities for securities 106 0 0
10 Other long-term liabilities 107 3,560,580 12,750,750
11 Deferred tax liability 108 0 0
D) SHORT-TERM LIABILITIES (ADP 110 to 123) 109 366,885,504 249,816,591
1 Liabilities to undertakings within the group 110 11,239,360 10,645,779
2 Liabilities for loans, deposits, etc. of undertakings within the group 111 0 0
3 Liabilities to companies linked by virtue of participating interests 112 0 0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating
interests
113 0 0
5 Liabilities for loans, deposits etc. 114 37,684,490 37,585,870
6 Liabilities to banks and other fi nancial institutions 115 153,458,003 76,266,644
7 Liabilities for advance payments 116 6,798,447 5,346,819
8 Liabilities to suppliers 117 121,734,469 89,437,344
9 Liabilities for securities 118 0 0
10 Liabilities to employees 119 10,445,251 8,794,428
11 Taxes, contributions and similar liabilities 120 9,142,639 8,058,060
12 Liabilities arising from the share in the result 121 91,373 128,104
13 Liabilities arising from fi xed assets held for sale 122 0 0
14 Other short-term liabilities 123 16,291,472 13,553,543
E) ACCRUALS AND DEFERRED INCOME 124 15,891,793 3,969,915
F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) 125 1,357,618,338 1,273,789,483
G) OFF-BALANCE SHEET ITEMS 126 104,812,940 83,538,047
ITEM ADP THE PREVIOUS YEAR SAME PERIOD OF CURRENT PERIOD
1 CODE
2
Cumulative
3
Quarter
4
Cumulative
5
Quarter
6
I. I OPERATING INCOME (ADP 002 to 006) 001 871,660,106 270,465,995 755,004,629 212,148,462
1 Income from sales with undertakings within the
group
002 45,907,559 15,976,588 60,570,631 17,957,287
2 Income from sales (outside group) 003 798,339,759 246,828,996 666,024,507 181,666,593
3 Income from the use of own products, goods and
services
004 2,550,820 1,092,105 3,165,916 2,813,326
4 Other operating income with undertakings within the
group
005 766,616 67,624 2,242,419 312,294
5 Other operating income (outside the group) 006 24,095,352 6,500,682 23,001,156 9,398,962
II. OPERATING EXPENSES
(ADP 08+009+013+017+018+019+022+029)
007 825,629,770 256,615,707 750,215,264 210,082,409
1 Changes in inventories of work in progress and
fi nished goods
008 -3,821,465 -4,194,656 1,223,295 1,074,316
2 Material costs (ADP 010 to 012) 009 560,683,120 175,417,705 481,739,324 135,215,240
a) Costs of raw materials and consumables 010 404,067,918 120,729,032 307,865,385 83,269,817
b) Costs of goods sold 011 90,236,414 29,407,021 117,630,193 34,622,563
c) Other external costs 012 66,378,788 25,281,652 56,243,746 17,322,860
3 Staff costs (ADP 014 to 016) 013 149,634,251 55,184,512 152,540,785 35,416,782
a) Net salaries and wages 014 95,425,801 34,883,433 96,584,955 20,567,428
b) Tax and contributions from salary costs 015 34,840,870 12,755,159 36,458,240 10,149,273
c) Contributions on salaries 016 19,367,580 7,545,920 19,497,590 4,700,081
4 Depreciation 017 72,362,989 19,760,487 69,011,235 17,610,925
5 Other costs 018 28,569,277 226,628 26,431,855 7,676,653
6 Value adjustments (ADP 020+021) 019 0 0 0 0
a) fi xed assets other than fi nancial assets 020 0 0 0 0
b) current assets other than fi nancial assets 021 0 0 0 0
7 Provisions (ADP 023 to 028) 022 4,035,022 4,035,022 1,465,485 1,465,485
a) Provisions for pensions, termination benefi ts and
similar obligations
023 359,885 359,885 1,342,360 1,342,360
b) Provisions for tax liabilities 024 0 0 0 0
c) Provisions for ongoing legal cases 025 666,821 666,821 123,125 123,125
d) Provisions for renewal of natural resources 026 0 0 0 0
e) Provisions for warranty obligations 027 0 0 0 0
f) Other provisions 028 3,008,316 3,008,316 0 0
8 Other operating expenses 029 14,166,576 6,186,009 17,803,285 11,623,008
III. FINANCIAL INCOME (ADP 031 to 040) 030 45,618,189 25,984,344 23,321,812 11,193,558
1 Income from investments in holdings (shares) of
undertakings within the group
031 0 0 0 0
2 Income from investments in holdings (shares) of
companies linked by virtue of participating interests
032 40,524,586 25,238,613 19,722,304 9,820,746
3 Income from other long-term fi nancial investment
and loans granted to undertakings within the group
033 0 0 0 0
4 Other interest income from operations with
undertakings within the group
034 3,540,667 905,697 3,453,010 869,455
5 Exchange rate diff erences and other fi nancial income
from operations with undertakings within the group
035 1,551,582 -160,947 0 0
ITEM ADP THE PREVIOUS YEAR SAME PERIOD OF CURRENT PERIOD
1 CODE
2
Cumulative
3
Quarter
4
Cumulative
5
Quarter
6
6 Income from other long-term fi nancial investments
and loans
036 0 0 0 0
7 Other interest income 037 1,354 981 1,273 139
8 Exchange rate diff erences and other fi nancial income 038 0 0 73,622 503,218
9 Unrealised gains (income) from fi nancial assets 039 0 0 0 0
10 Other fi nancial income 040 0 0 71,603 0
IV. FINANCIAL EXPENSES (ADP 042 to 048) 041 14,068,270 5,001,322 7,037,079 3,297,121
1 Interest expenses and similar expenses with
undertakings within the group
042 0 0 0 0
2 Exchange rate diff erences and other expenses from
operations with undertakings within the group
043 0 0 448,601 343,395
3 Interest expenses and similar expenses 044 7,206,909 1,597,924 4,588,478 953,726
4 Exchange rate diff erences and other expenses 045 3,635,712 177,749 0 0
5 Unrealised losses (expenses) from fi nancial assets 046 0 0 0 0
6 Value adjustments of fi nancial assets (net) 047 0 0 0 0
7 Other fi nancial expenses 048 3,225,649 3,225,649 2,000,000 2,000,000
V. SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY
VIRTUE OF PARTICIPATING INTERESTS
049 0 0 0 0
VI. SHARE IN PROFIT FROM JOINT VENTURES 050 0 0 0 0
VII. SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF
PARTICIPATING INTEREST
051 0 0 0 0
VIII. SHARE IN LOSS OF JOINT VENTURES 052 0 0 0 0
IX. TOTAL INCOME (ADP 001+030+049+050) 053 917,278,295 296,450,339 778,326,441 223,342,020
X. TOTAL EXPENDITURE (ADP 007+041+051+052) 054 839,698,040 261,617,029 757,252,343 213,379,530
XI. PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 77,580,255 34,833,310 21,074,098 9,962,490
1 Pre-tax profi t (ADP 053-054) 056 77,580,255 34,833,310 21,074,098 9,962,490
2 Pre-tax loss (ADP 054-053) 057 0 0 0 0
XII. INCOME TAX 058 8,947,625 8,947,625 5,432,277 -421,473
XIII. PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) 059 68,632,630 25,885,685 15,641,821 10,383,963
1 Profi t for the period (ADP 055-059) 060 68,632,630 25,885,685 15,641,821 10,383,963
2 Loss for the period (ADP 059-055) 061 0 0 0 0
DISCONTINUED OPERATIONS (TO BE FILLED IN BY UNDERTAKINGS SUBJECT TO IFRS ONLY WITH DISCONTINUED OPERATIONS)
XIV. PRE-TAX PROFIT OR LOSS OF DISCONTINUED
OPERATIONS (ADP 063-064)
062 0 0 0 0
1 Pre-tax profi t from discontinued operations 063 0 0 0 0
2 Pre-tax loss on discontinued operations 064 0 0 0 0
XV. INCOME TAX OF DISCONTINUED OPERATIONS 065 0 0 0 0
1 Discontinued operations profi t for the period
(ADP 062-065)
066 0 0 0 0
2 Discontinued operations loss for the period
(ADP 065-062)
067 0 0 0 0
TOTAL OPERATIONS (TO BE FILLED IN ONLY BY UNDERTAKINGS SUBJECT TO IFRS WITH DISCONTINUED OPERATIONS)
XVI. PRE-TAX PROFIT OR LOSS (ADP 055+062) 068 0 0 0 0
1 Pre-tax profi t (ADP 068) 069 0 0 0 0
2 Pre-tax loss (ADP 068) 070 0 0 0 0
ITEM ADP THE PREVIOUS YEAR SAME PERIOD OF CURRENT PERIOD
1 CODE
2
Cumulative
3
Quarter
4
Cumulative
5
Quarter
6
XVII. INCOME TAX (ADP 058+065) 071 0 0 0 0
XVIII. PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) 072 0 0 0 0
1 Profi t for the period (ADP 068-071) 073 0 0 0 0
2 Loss for the period (ADP 071-068) 074 0 0 0 0
APPENDIX TO THE P&L (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP CONSOLIDATED ANNUAL FINANCIAL STATEMENTS)
XIX. PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) 075 0 0 0 0
1 Attributable to owners of the parent 076 0 0 0 0
2 Attributable to minority (non-controlling) interest 077 0 0 0 0
STATEMENT OF OTHER COMPRHENSIVE INCOME (TO BE FILLED IN BY UNDERTAKINGS SUBJECT TO IFRS)
I. PROFIT OR LOSS FOR THE PERIOD 078 68,632,630 25,885,685 15,641,821 10,383,963
II. OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX
(ADP 80+87)
079 0 0 0 0
III. Items that will not be reclassifi ed to profi t or loss
(ADP 081 to 085)
080 0 0 0 0
1 Changes in revaluation reserves of fi xed tangible and
intangible assets
081 0 0 0 0
2 Gains or losses from subsequent measurement
of equity instruments at fair value through other
comprehensive income
082 0 0 0 0
3 Fair value changes of fi nancial liabilities at fair value
through statement of profi t or loss, attributable to
changes in their credit risk
083 0 0 0 0
4 Actuarial gains/losses on the defi ned benefi t
obligation
084 0 0 0 0
5 Other items that will not be reclassifi ed 085 0 0 0 0
6 Income tax relating to items that will not be
reclassifi ed
086 0 0 0 0
IV. Items that may be reclassifi ed to profi t or loss
(ADP 088 to 095)
087 0 0 0 0
1 Exchange rate diff erences from translation of foreign
operations
088 0 0 0 0
2 Gains or losses from subsequent measurement
of debt securities at fair value through other
comprehensive income
089 0 0 0 0
3 Profi t or loss arising from eff ective cash flow
hedging
090 0 0 0 0
4 Profi t or loss arising from eff ective hedge of a net
investment in a foreign operation
091 0 0 0 0
5 Share in other comprehensive income/loss of
companies linked by virtue of participating interests
092 0 0 0 0
6 Changes in fair value of the time value of option 093 0 0 0 0
7 Changes in fair value of forward elements of forward
contracts
094 0 0 0 0
8 Other items that may be reclassifi ed to profi t or loss 095 0 0 0 0
9 Income tax relating to items that may be reclassifi ed
to profi t or loss
096 0 0 0 0
ITEM ADP SAME PERIOD OF
THE PREVIOUS YEAR
CURRENT PERIOD
1 CODE
2
Cumulative
3
Quarter
4
Cumulative
5
Quarter
6
V. NET OTHER COMPREHENSIVE INCOME OR LOSS
(ADP 080+087-086-096)
097 0 0 0 0
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
(ADP 078+097)
098 68,632,630 25,885,685 15,641,821 10,383,963
APPENDIX TO THE STATEMENT ON COMPREHENSIVE INCOME
(TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP CONSOLIDATED STATEMENTS)
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
(ADP 100+101)
099 0 0 0 0
1 Attributable to owners of the parent 100 0 0 0 0
2 Attributable to minority (non-controlling) interest 101 0 0 0 0

Statement of cash flows

indirect method for the period 1.1.2021 to 31.12.2021

ITEM ADP
CODE
SAME PERIOD OF THE
PREVIOUS YEAR
CURRENT
PERIOD
1 2 3 4
CASH FLOW FROM OPERATING ACTIVITIES
1 Pre-tax profi t 001 77,580,255 21,074,098
2 Adjustments (ADP 003 to 010): 002 94,912,663 52,423,662
a) Depreciation 003 72,362,989 69,011,235
b) Gains and losses from sale and value adjustment of fi xed tangible and intangible
assets
004 -9,725,599 213,590
c) Gains and losses from sale and unrealised gains and losses and value adjustment
of fi nancial assets
005 0 -71,603
d) Interest and dividend income 006 -44,066,607 -23,176,587
e) Interest expenses 007 7,206,909 4,588,478
f) Provisions 008 43,007 -4,803,492
g) Exchange rate diff erences (unrealised) 009 2,585,413 71,414
h) Other adjustments for non-cash transactions and unrealised gains and losses 010 66,506,551 6,590,627
I Cash flow increase or decrease before changes in working capital (ADP 001+002) 011 172,492,918 73,497,760
3 Changes in the working capital (ADP 013 to 016) 012 -87,400,921 -7,277,522
a) Increase or decrease in short-term liabilities 013 -74,166,013 -25,250,124
b) Increase or decrease in short-term receivables 014 -26,467,924 8,134,857
c) Increase or decrease in inventories 015 -6,621,911 9,837,745
d) Other increase or decrease in working capital 016 19,854,927 0
II Cash from operations (ADP 011+012) 017 85,091,997 66,220,238
4 Interest paid 018 -7,349,900 -4,910,185
5 Income tax paid 019 0 0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 020 77,742,097 61,310,053
CASH FLOW FROM INVESTMENT ACTIVITIES
1 Cash receipts from sales of fi xed tangible and intangible assets 021 28,215,313 2,002,592
2 Cash receipts from sales of fi nancial instruments 022 0 133,303
3 Interest received 023 6,929,874 1,126,563
4 Dividends received 024 40,516,851 19,517,828
5 Cash receipts from repayment of loans and deposits 025 0 0
6 Other cash receipts from investment activities 026 0 0
III Total cash receipts from investment activities (ADP 021 to 026) 027 75,662,038 22,780,286
1 Cash payments for the purchase of fi xed tangible and intangible assets 028 -42,920,010 -41,691,863
2 Cash payments for the acquisition of fi nancial instruments 029 0 0
3 Cash payments for loans and deposits for the period 030 -897,742 0
4 Acquisition of a subsidiary, net of cash acquired 031 0 0
5 Other cash payments from investment activities 032 0 0
IV Total cash payments from investment activities (ADP 028 to 032) 033 -43,817,752 -41,691,863
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) 034 31,844,286 -18,911,577
CASH FLOW FROM FINANCING ACTIVITIES
1 Cash receipts from the increase in initial (subscribed) capital 035 0 0
2 Cash receipts from the issue of equity fi nancial instruments and debt fi nancial
instruments
036 0 0
3 Cash receipts from credit principals, loans and other borrowings 037 52,504,566 155,933,758

Statement of cash flows

indirect method for the period 1.1.2021 to 31.12.2021 Submitter: AD Plastik d.d.

ITEM ADP
CODE
SAME PERIOD OF THE
PREVIOUS YEAR
CURRENT
PERIOD
1 2 3 4
4 Other cash receipts from fi nancing activities 038 0 0
V Total cash receipts from fi nancing activities (ADP 035 to 038) 039 52,504,566 155,933,758
1 Cash payments for the repayment of credit principals, loans and other borrowings
and debt fi nancial instruments
040 -110,773,007 -150,245,547
2 Cash payments for dividends 041 -16,522,104 -66,294,460
3 Cash payments for fi nance lease 042 -7,497,370 -7,673,877
4 Cash payments for the redemption of treasury shares and decrease in initial
(subscribed) capital
043 0 0
5 Other cash payments from fi nancing activities 044 0 0
VI Total cash payments from fi nancing activities (ADP 040 to 044) 045 -134,792,481 -224,213,884
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039+045) 046 -82,287,915 -68,280,126
1 Unrealised exchange rate diff erences in respect of cash and cash equivalents 047 72,249 9,297
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) 048 27,370,717 -25,872,353
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 049 8,298,347 35,669,064
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) 050 35,669,064 9,796,711
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscribed)
capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reser
ves
Other
reserves
Reva
luation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
investment
in a foreign
operation
- eff ective
portion
Other
fair value
reserves
Exchan
ge rate
diff eren
ces from
translation
of foreign
operati
ons
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total
capital and
reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
PREVIOUS PERIOD
1 Balance on the fi rst day of the
previous business year
01 419,958,400 191,988,358 6,128,852 20,890,463 11,795,123 0 54,720,113 0 0 0 0 0 0 12,899,472 80,783,231 775,573,766 0 775,573,766
2 Changes in accounting policies 02 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3 Correction of errors 03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4 Balance on the fi rst day of the
previous business year (restated)
(ADP 01 to 03)
04 419,958,400 191,988,358 6,128,852 20,890,463 11,795,123 0 54,720,113 0 0 0 0 0 0 12,899,472 80,783,231 775,573,766 0 775,573,766
5 Profi t/loss of the period 05 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68,632,630 68,632,630 0 68,632,630
6 Exchange rate diff erences from
translation of foreign operations
06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 Changes in revaluation reserves of
fi xed tangible and intangible assets
07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Gains or losses from subsequent
measurement of fi nancial assets
at fair value through other
comprehensive income (available
for sale)
08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Profi t or loss arising from eff ective
cash flow hedge
09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 Profi t or loss arising from eff ective
hedge of a net investment in a
foreign operation
10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11 Share in other comprehensive
income/loss of companies linked by
virtue of participating interests
11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Actuarial gains/losses on the
defi ned benefi t obligation
12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Other changes in equity unrelated
to owners
13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Tax on transactions recognised
directly in equity
14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscribed)
capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reser
ves
Other
reserves
Reva
luation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
investment
in a foreign
operation
- eff ective
portion
Other
fair value
reserves
Exchan
ge rate
diff eren
ces from
translation
of foreign
operati
ons
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total
capital and
reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
15 Decrease in initial (subscribed)
capital (other than arising from
the pre-bankruptcy settlement
procedure or from the reinvestment
of profi t)
15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Decrease in initial (subscribed)
capital arising from the pre
bankruptcy settlement procedure
16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Decrease in initial (subscribed)
capital arising from the
reinvestment of profi t
17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Redemption of treasury shares/
holdings
18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Payments from members/
shareholders
19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Payment of share in profi t/dividend 20 0 0 0 0 0 0 0 0 0 0 0 0 0 -16,522,104 0 -16,522,104 0 -16,522,104
21 Other distributions and payments to
members/shareholders
21 0 0 0 0 0 0 21,698,677 0 0 0 0 0 0 -21,698,677 0 0 0 0
22 Transfer to reserves according to
the annual schedule
22 0 0 0 0 0 0 0 0 0 0 0 0 0 80,783,231 -80,783,231 0 0 0
23 Increase in reserves arising from
the pre-bankruptcy settlement
procedure
23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Balance on the last day of the
previous business year reporting
period (ADP 04 to 23)
24 419,958,400 191,988,358 6,128,852 20,890,463 11,795,123 0 76,418,790 0 0 0 0 0 0 55,461,922 68,632,630 827,684,292 0 827,684,292
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP FINANCIAL STATEMENTS IN ACCORDANCE WITH THE IFRS)
I OTHER COMPREHENSIVE INCOME
OF THE PREVIOUS PERIOD, NET OF
TAX (ADP 06 to 14)
25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
II COMPREHENSIVE INCOME OR LOSS
FOR THE PREVIOUS PERIOD
(ADP 05+25)
26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68,632,630 68,632,630 0 68,632,630
III TRANSACTIONS WITH OWNERS
IN THE PREVIOUS PERIOD
RECOGNISED DIRECTLY IN EQUITY
(ADP 15 to 23)
27 0 0 0 0 0 0 21,698,677 0 0 0 0 0 0 42,562,450 -80,783,231 -16,522,104 0 -16,522,104
ATTRIBUTABLE TO OWNERS OF THE PARENT
Item ADP code Initial
(subscribed)
capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reser
ves
Other
reserves
Reva
luation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
investment
in a foreign
operation
- eff ective
portion
Other
fair value
reserves
Exchan
ge rate
diff eren
ces from
translation
of foreign
operati
ons
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total
capital and
reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
CURRENT PERIOD
1 Balance on the fi rst day of the
current business year
28 419,958,400 191,988,358 6,128,852 20,890,463 11,795,123 0 76,418,790 0 0 0 0 0 0 55,461,922 68,632,630 827,684,292 0 827,684,292
2 Changes in accounting policies 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3 Correction of errors 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4 Balance on the fi rst day of the
current business year (restated)
(AOP 28 to 30)
31 419,958,400 191,988,358 6,128,852 20,890,463 11,795,123 0 76,418,790 0 0 0 0 0 0 55,461,922 68,632,630 827,684,292 0 827,684,292
5 Profi t/loss of the period 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15,641,821 15,641,821 0 15,641,821
6 Exchange rate diff erences from
translation of foreign operations
33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 Changes in revaluation reserves of
fi xed tangible and intangible assets
34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Gains or losses from subsequent
measurement of fi nancial assets
at fair value through other
comprehensive income (available
for sale)
35 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Profi t or loss arising from eff ective
cash flow hedge
36 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 Profi t or loss arising from eff ective
hedge of a net investment in a
foreign operation
37 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11 Share in other comprehensive
income/loss of companies linked by
virtue of participating interests
38 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Actuarial gains/losses on the
defi ned benefi t obligation
39 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Other changes in equity unrelated
to owners
40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Tax on transactions recognised
directly in equity
41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ADP code ATTRIBUTABLE TO OWNERS OF THE PARENT
Item Initial
(subscribed)
capital
Capital
reserves
Legal
reserves
Reserves
for treasu
ry shares
Treasury
shares and
holdings
(deductible
item)
Sta
tutory
reser
ves
Other
reserves
Reva
luation
reserves
Fair value of
fi nancial assets
through other
comprehensive
income (availa
ble for sale)
Cash flow
hedge -
eff ective
portion
Hedge
of a net
investment
in a foreign
operation
- eff ective
portion
Other
fair value
reserves
Exchan
ge rate
diff eren
ces from
translation
of foreign
operati
ons
Retained
profi t / loss
brought
forward
Profi t/loss
for the busi
ness year
Total attri
butable to
owners of
the parent
Minority
(non-con
trolling)
interest
Total
capital and
reserves
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 (3 do 6 - 7
+ 8 do 17)
19 20 (18+19)
15 Decrease in initial (subscribed)
capital (other than arising from
the pre-bankruptcy settlement
procedure or from the reinvestment
of profi t)
42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Decrease in initial (subscribed)
capital arising from the pre
bankruptcy settlement procedure
43 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Decrease in initial (subscribed)
capital arising from the
reinvestment of profi t
44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Redemption of treasury shares/
holdings
45 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Payments from members/
shareholders
46 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Payment of share in profi t/dividend 47 0 0 0 0 0 0 0 0 0 0 0 0 0 -66,292,568 0 -66,292,568 0 -66,292,568
21 Other distributions and payments to
members/shareholders
48 0 293,796 0 0 -3,194,815 0 -9,121,756 0 0 0 0 0 0 9,121,756 0 3,488,611 0 3,488,611
22 Carryforward per annual plane 49 0 0 0 0 0 0 0 0 0 0 0 0 0 68,632,630 -68,632,630 0 0 0
23 Increase in reserves arising from
the pre-bankruptcy settlement
procedure
50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Balance on the last day of the
current business year reporting
period (ADP 31 to 50)
51 419,958,400 192,282,154 6,128,852 20,890,463 8,600,308 0 67,297,034 0 0 0 0 0 0 66,923,740 15,641,821 780,522,156 0 780,522,156
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (TO BE FILLED IN BY UNDERTAKINGS THAT DRAW UP FINANCIAL STATEMENTS IN ACCORDANCE WITH THE IFRS)
I OTHER COMPREHENSIVE INCOME
FOR THE CURRENT PERIOD, NET OF
TAX (ADP 33 to 41)
52 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
II COMPREHENSIVE INCOME OR LOSS
FOR THE CURRENT PERIOD
(ADP 32 do 52)
53 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15,641,821 15,641,821 0 15,641,821
III TRANSACTIONS WITH OWNERS IN
THE CURRENT PERIOD RECOGNISED
DIRECTLY IN EQUITY (ADP 42 to 50)
54 0 293,796 0 0 -3,194,815 0 -9,121,756 0 0 0 0 0 0 11,461,818 -68,632,630 -62,803,957 0 -62,803,957

Notes to

INTERIM UNAUDITED FINANCIAL STATEMENT 2021 Finan-Notes to Financial Statements - TFI

(drawn up for quarterly reporting periods)

Name of the issuer: AD Plastik d.d.

cial State-Headquarter: Ul. Antuna Gustava Matoša 8, 21210, Solin, Hrvatska

Personal identifi cation number (OIB): 48351740621

MBS: 060007090

Reporting period: 1. 1. 2021 to 31. 12. 2021

ments - Notes to fi nancial statements are available as part of AD Plastik Group's Unaudited fi nancial statement. Unaudited fi nancial statement is available on Zagreb Stock Exchange website.

AD Plastik Group Integrated annual report for 2020 year is available on Zagreb Stock Exchange website.

TFI Same accounting policies are applied while drawing up fi nancial statements for current reporting period as in the latest annual fi nancial statements.

AD Plastik d.d. has issued corporate guarantees for the needs of subsidiaries in the following amounts: to banks HRK 72,923 thousand and to suppliers HRK 9,036 thousand.

Amount owed by AD Plastik d.d. and falling due after more than fi ve years amounts to HRK 7,328 thousand.

The average number of employees of AD Plastik d.d. in the period from 1.1.2021. to 31.12.2021. was 1,423.

In intangible assets in the period from 1.1.2021. to 31.12.2021., the cost of net salaries and wages of HRK 3,616,862, the cost of taxes and contributions from salaries of HRK 1,365,269, and the cost of contributions to salaries of HRK 730,135 were capitalized.

Deferred tax asset on 31.12.2020 amounts HRK 11,505 thousand. Decrease in reporting period in amount of HRK 5,432 thousand refers to recognition of deferred tax assets based on tax relief on capital investment in amount of HRK 7,805 thousand and generation of deferred tax asset in amount of HRK 2,373 thousand based on realised tax losses.

Management's statement of responsibility

The fi nancial statements of AD Plastik Group and the Company AD Plastik d.d. Solin are prepared in accordance with the International Financial Reporting Standards (IFRS) and the Croatian Law on Accounting.

The consolidated fi nancial statements of AD Plastik Group and the fi nancial statements of the Company AD Plastik d.d. for the period from January 1 to June 30 2021, give a complete and true review of the assets and liabilities, profi t and loss, fi nancial position and business activities of the issuers and companies included in the consolidation as a whole.

The management report for the period until June 30 2021, contains an accurate and true display of the development and results of the business activities of the Company with a description of the most signifi cant risks and uncertainties to which the Company is exposed.

The Company is registered at the Court Register of the Commercial Court of Split under the Registered Company Number (MBS): 060007090 Company Identifi cation Number (OIB): 48351740621 IBAN: HR04 2340 0091 1101 5371 1, Privredna banka Zagreb d.d., Zagreb

The capital stock in the amount of HRK 419,958,400 was paid in full. AD Plastik issued a total of 4,199,584 ordinary shares, in the nominal amount of HRK 100. President of the Management Board: Marinko Došen Management Board members: Mladen Peroš, Ivan Čupić President of the Supervisory Board: Sergey Dmitrievich Bodrunov

Marinko Došen President of the Management Board

Mladen Peroš Member of the Management Board

Ivan Čupić Member of the Management Board Managemen

Talk to a Data Expert

Have a question? We'll get back to you promptly.