AB Akola Group

Interim / Quarterly Report • Nov 29, 2019

Linas AB Company code 147689083 S. Kerbedzio 23, Panevezys

November 29, 2019

CONFIRMATION OF RESPONSIBLE PERSONS

Following Art. 22 of the Law on Securities of the Republic of Lithuania and the Regulations for Drawing-up and Submission of the Periodic and the Additional Information issued by the Board of Lithuanian Bank, we, Vilita Skersienė, Director of Linas AB, Egidijus Mikeliūnas, Finance Manager of Linas AB, and Vanda Nekrašaitė, Chief accountant of Linas AB hereby confirm that, to the best of our knowledge, interim consolidated financial statements of Linas AB Group of companies of the nine months of 2019 prepared in accordance with International Financial Reporting Standards as adopted by the European Union. The interim consolidated financial statements of the nine months of 2019 give a true and fair view of Linas AB and consolidated property of Group of companies, liabilities, financial position, profit (loss) and cash flows. Interim financial statements were not audited.

November 29, 2019

November 29, 2019

November 29, 2019

Director Linas AB Vilita Skersienė

Head of finance dept. Linas AB Egidijus Mikeliūnas

Chief accountant Linas AB Vanda Nekrašaitė

LINAS AB INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE NINE MONTHS OF 2019

2019 09 30

TABLE OF CONTENTS

Consolidated Statement of Financial Position 3
Consolidated Statement of Profit or Loss and Other Comprehensive Income 5
Consolidated Statement of Changes in Equity 6
Consolidated Statement of Cash Flows 7
Explanatory Memorandum 8

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Formulated according to TFAS, not audited

	Current period 01 01 2019 - 30 09 2019		EUR
Article	Article	2019-09-30	2018-12-31
No.
	Assets
A.	Fixed assets	3.457.469	3.536.810
1.	Intangible assets	44.665	50.707
1.1.	Assets arising from development	0	0 0
1.2. 1.3.	Goodwill Software	0 44.665	50.707
	Concessions, patents, licenses, trademarks and
1.4.	similar rights	0	0
1.5.	Other intangible assets	0	0
1.6.	Advance payments	0	0
2.	Tangible assets	2.048.714	2.140.370
2.1.	Land	0	0
2.2.	Buildings and structures	1.300.893	1.381.002
2.3.	Machinery and plant	284.068	336.644
2.4.	Vehicles	77.258	32.013
2.5.	Other equipment, fittings and tools	12.594	16.810
2.6.	Investment property	373.901	373.901
2.6.1.	Land	373.901	373.901
2.6.2.	Buildings	0	0
	Advance payments and tangible assets under
2.7.	construction (production)	0	0
3.	Financial assets	1.364.079	1.345.722
3.1.	Shares in entities of the entities group	0	0
3.2.	Loans to entities of the entities group	0	0
	Amounts receivable from entities of the entities
3.3.	group	0	0
3.4.	Shares in associated entities	0	0
3.5.	Loans to associated entities	1.343.541	1.316.901
3.6.	Amounts receivable from the associated entities	20.249	28.532
3.7.	Long-term investments	290	290
3.8.	Amounts receivable after one year	0	0
3.9.	Other financial assets	0	0
4.	Other fixed assets	11	11
4.1.	Assets of the deferred tax on profit	11	11
B.	Current assets	7.393.368	7.013.264
1.	Stocks	5.713.842	4.678.797
1.1.	Raw materials, materials ir consumables	3.337.217	2.256.163
1.2.	Production and work in progress	20.827	23.597
1.3.	Finished goods	2.115.278	2.082.260
1.4.	Goods for resale	2.145	4.443
1.5.	Advance payments	238.375	312.334
2.	Amounts receivable within one year	1.531.454	1.719.239
2.1.	Trade debtors	1.305.766	1.425.053
2.2.	Amounts owed by entities of the entities group	0	0
2.3.	Amounts owed by associates entities	0	58.649
2.4.	Other debtors	225.688	235.537
3.	Short-term investments	0	0
3.1.	Shares in entities of the entities group	0	0
3.2.	Other investments	0	0
4.	Cash and cash equivalents	148.072	615.228
C.	Prepayments and accrued income	26.222	50.973
	Total assets	10.877.059	10.601.047

Article No.	Article	2019-09-30	2018-12-31
	Equity and liabilities
D.	Equity	8.383.512	8.251.426
1.	Capital	6.971.307	6.971.307
1.1.	Authorised (subscribed) or primary capital	6.971.307	6.971.307
1.2.	Subscribed capital unpaid (–)	0	0
1.3.	Own shares (–)	0	0
2.	Share premium account	0	0
3.	Revaluation reserve	0	0
4.	Reserves	479.319	170.290
4.1.	Compulsory reserve	44.890	290
4.2.	Reserve for acquiring own shares	264.429	0
4.3.	Other reserves	170.000	170.000
5.	Retained profit (loss)	932.886	1.109.829
5.1.	Profit (loss) for the reporting year	132.087	507.524
5.2.	Profit (loss) brought forward	800.800	602.305
6.	Adjustments due to exchange rate change	0	0
7.	Non-controlled part	0	0
E.	Grants, subsidies	473	0
F.	Provisions	0	0
1.	Provisions for pensions and similar obligations	0	0
2.	Provisions for taxation	0	0
3.	Other provisions	0	0
G.	Amounts payable and other liabilities	2.493.074	2.342.005
1.	Amounts payable after one year and other long term liabilities	309.475	309.474
1.1.	Debenture loans	0	0
1.2.	Amounts owed to credit institutions	309.475	309.474
1.3.	Payments received on account	0	0
1.4.	Trade creditors	0	0
1.5.	Amounts payable under the bills and checks	0	0
	Amounts payable to the entities of the entities
1.6.	group	0	0
1.7.	Amounts payable to the associated entities	0	0
1.8.	Other amounts payable and long-term liabilities	0	0
2.	Amounts payable within one year and other short-term liabilities	2.183.599	2.032.531
2.1.	Debenture loans	0
2.2.	Amounts owed to credit institutions	44.210	176.842
2.3.	Payments received on account	32.009	44.873
2.4.	Trade creditors	1.910.804	718.756
2.5.	Amounts payable under the bills and checks	0	0
	Amounts payable to the entities of the entities
2.6.	group	0	0
2.7.	Amounts payable to the associated entities	0	881.568
2.8.	Liabilities of tax on profit	0	2.281
2.9.	Liabilities related to employment relations	141.393	137.268
2.10.	Other amounts payable and short-term liabilities	55.183	70.942
H.	Accruals and deferred income	0	7.616
	Total equity and liabilities	10.877.059	10.601.047

Chief accountant Vanda Nekrašaitė

Director Vilita Skersiene

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Formulated according to TFAS, not audited

	Current period 01 01 2019 - 30 09 2019		EUR
Article		01-09 months	01-09 months	IIIrd quarter	IIIrd quarter
No.	Article	of 2019	of 2018	of 2019	of 2018
1.	Net turnover	9.900.951	9.201.918	3.249.690	2.769.792
1.1.	Income for sold goods	9.651.725	8.961.048	3.182.579	2.724.070
1.2.	Income for sold services	249.226	240.870	67.111	45.722
2.	Cost of sales	(8.393.915)	(7.470.762)	(2.828.627)	(2.308.571)
2.1.	Cost price of sold production	(8.255.802)	(7.329.214)	(2.797.934)	(2.282.368)
2.2.	Cost price of sold services	(138.113)	(141.548)	(30.693)	(26.203)
3.	Fair value adjustments of the biological assets	0	0	0	0
4.	GROSS PROFIT (LOSS)	1.507.036	1.731.156	421.063	461.221
5.	Selling expenses	(531.774)	(470.005)	(144.152)	(127.948)
6.	General and administrative expenses	(991.287)	(995.199)	(301.350)	(285.441)
7.	Other operating results	133.613	171.048	40.385	59.666
7.1.	Income	659.884	781.769	152.140	228.224
7.2.	Expenses	(526.271)	(610.721)	(111.755)	(168.558)
	Income from investments to the shares of
8.	parent, subsidiaries and associated entities
9.	Income from other long-term investments and	26.640	26.640	8.978	8.978
	loans
10.	Other interest and similar income	12.874	12.602	5.801	1.316
11.	The impairment of the financial assets and
12.	short-term investments Interest and other similar expenses	(21.758)	(28.549)	(7.613)	(7.125)
13.	PROFIT (LOSS) BEFORE TAXATION	135.344	447.693	23.112	110.667
14.	Tax on profit	(3.257)		1
	PROFIT (LOSS) BEFORE MINORITY
15.	INTEREST SEPARATION	132.087	447.693	23.113	110.667
16.	NON-CONTROLLED PART
17.	NET PROFIT (LOSS)	132.087	447.693	23.113	110.667
18.	OTHER COMPREHENSIVE INCOME
19.	Earnings (loss) per share	0,005	0,019	0,001	0,005

Director Vilita Skersiene

Chief accountant Vanda Nekrašaitė

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Current period 01 01 2019 - 30 09 2019												EUR
					Revaluation reserve
					(results)		Legal reserve			Adjustments
	Paid up	Share	Own	Fixed			Reserve for		Retained	due to	Non
	authorised	premium	shares	tangible	Financial	Compulsory	acquiring	Other	profit	exchange	controlled
	capital	account	(-)	assets	assets	reserve	own shares	reserve	(loss)	rate change	part	Total
	1	2	3	4	5	6	7	8	9	10	11	12
Remainder on
31 December, 2017	6.971.307					290		170.000	602.305			7.743.902
Profit (loss) not recognised in the statement of profit or loss and other comprehensive
income Net profit (loss)
of the reporting period									106.008			106.008
Formed reserves
Liquidates reserves
Remainder on 30 September, 2018	6.971.307					290	0	170.000	708.313			7.849.910
Profit (loss) not recognised in the statement of profit or loss and other comprehensive income
Net profit (loss) of the reporting period									401.516			401.516
Formed reserves									170.000 (170.000)
Liquidates reserves								(170.000)	170.000
Remainder on 31 December, 2018	6.971.307					290			170.000 1.109.829			8.251.426
Profit (loss) not recognised in the statement of profit or loss and other comprehensive income
Net profit (loss) of the reporting period									132.087			132.087
Formed reserves						44.600	264.429		(309.029)
Liquidates reserves
Remainder on 30 September, 2019	6.971.307					44.890	264.429	170.000	932.886			8.383.512

Director Vilita Skersiene Chief accountant Vanda Nekrašaitė

CONSOLIDATED STATEMENT OF CASH FLOWS

Current period 01 01 2019 - 30 09 2019

	Formed in direct pattern, not audited		EUR
Article No.	Articles	01-09 months of 2019	01-09 months of 2018
I.	Cash flows from operating activities
I.1.	Cash inflows of the reporting period (VAT included)	11.216.898	10.133.440
I.1.1.	Cash inflows from customers	10.991.748	10.041.960
I.1.2.	Other inflows	225.150	91.480
I.2.	Cash outflows of the reporting period	(11.476.522)	(9.702.518)
I.2.1.	Cash paid to suppliers of raw materials, goods and services (VAT included)	(10.259.985)	(8.396.297)
I.2.2.	Cash outflows related to employment relations	(1.080.625)	(1.146.693)
I.2.3.	Taxes paid into the budget	(30.507)	(31.793)
I.2.4.	Other payments	(105.405)	(127.735)
	Net cash flows from operating activities	(259.624)	430.922
II.	Cash flows from investing activities
II.1.	Acquisition of fixed assets (excluding investments)	(60.860)	(247.624)
II.2.	Disposal of fixed assets (excluding investments)
II.3.	Acquisition of long-term investments
II.4.	Disposal of long-term investments
II.5.	Loans granted
II.6.	Loans recovered
II.7.	Dividends received
II.8.	Interest received for loans granted and investment
II.9.	Other increases in cash flows from investing activities
II.10.	Other decreases in cash flows from investing activities
	Net cash flows from investing activities	(60.860)	(247.624)
III.	Cash flows from financing activities
III.1.	Cash flows related to entity's owners
III.1.1.	Issue of shares
III.1.2.	Owner's contributions to cover losses
III.1.3.	Purchase of own shares
III.1.4.	Dividends paid
III.2.	Cash flows related to other financing sources	(146.628)	(149.492)
III.2.1.	Increase in financial debts
	III.2.1.1. Loans received from credit institutions
	III.2.1.2. Loans received from associated and third parties
	III.2.1.3. Issue of bonds
III.2.2.	Decrease in financial debts	(146.628)	(149.492)
	III.2.2.1. Loans returned to credit institutions	(132.632)	(132.632)
	III.2.2.2. Loans returned to associated and third parties
	III.2.2.3. Redemption of bonds
	III.2.2.4. Interest paid	(13.996)	(16.860)
	III.2.2.5. Finance leases payments	0
III.2.3.	Interests received for bank accounts	0
III.2.4.	Increase in other liabilities of the entity	0
III.2.5.	Decrease in other liabilities of the entity	0
III.3.	Other increases in cash flows from financing activities	457
III.4.	Other decreases in cash flows from financing activities	0	(2)
	Net cash flows from financing activities	(146.171)	(149.494)
IV.	Adjustments due to exchange rates on the balance of cash and cash	(502)	1.075
	equivalents
V.	Increase (decrease) of net's cash flows	(467.157)	34.879
VI.	Cash and cash equivalents at the beginning of the period	615.228	654.658
VII.	Cash and cash equivalents at the end of the period	148.072	689.537

Chief accountant Vanda Nekrašaitė

Director Vilita Skersiene

EXPLANATORY MEMORANDUM OF INTERIM CONSOLIDATED FINANCIAL STATEMENTS

30 September, 2019

1. General

The Linas company was launched in 1957. A public limited company Linas (further called the Company) was registered on 8 March, 1993, the number of registration is 003429, registration code 147689083, the data are stored with the Register of Legal Entities. The Company is the company of limited property liability. Address: S.Kerbedzio Street 23, Panevezys; LT-35114. Telephone (370-45) 506100, fax (370-45) 506345. E-mail address: office@linas.lt; web page: www.linas.lt .

As of 31st of March, 2019, the Linas AB group of companies (further called as the Group) consisted of holding company Linas AB and it's affiliated company UAB Lino apdaila. UAB Lino apdaila was registered on May 23, 2008 at Legal entity register, registration No.114552, company code 301733421. Affiliated company is registered at address S. Kerbedzio Street 23, Panevezys. AB Linas own 100 % of affiliated company shares.

The shares of Linas AB are included into the current sales list of AB NASDAQ OMX Vilnius.

Authorized capital of Linas AB is 6.971.307,10 Eur, it is divided into 24.038.990 ordinary registered shares the nominal value of which is 0,29 Eur, there are no issued and not paid shares. There were no changes in authorized capital during accounting period.

The Company and its affiliated company do not have subsidiaries and representatives.

On 30 of September, 2019 the average number of listed employees of the Group was 135, on 30 of September, 2018 – 143 employees.

The Group's main activity is the production and sale of textiles. The main activities of the public limited liability company "Linas" are trading in linen textiles and provision of services; other activities carried out by the Company are the management of financial assets (shares and granted loans), heat supply, rental of property, revenues from accounting and administration services. The activities of UAB "Lino apdaila" are the provision of textile production services, i.e. textile production sewing services.

AB "Linas" Group of company supplies services from yarns preparation for dyeing till the presentation of final product to the customer.

AB "Linas" Group of company weaves natural, dyed, printed, two-plied, jacquard linen and half linen fabrics, sews home textile items and garments. Sewn items make 35% of all produced products.

The exclusivity of the company is that produced linen products are natural, ecological and long-lived. Company accepts individual orders to suit customers demand, who require exclusivity, and stock collection to the customers who requires quick delivery terms.

The main incomes of Group of companies of 9 months of year 2019 were received from textile items sales activities and the services of textile items production.

During the 9 months of year 2019 the Group ordered to produce or to treat technologically: linen and tow yarns – 51 tons (9 months of year 2018 – 44 tons); raw fabrics – 575 thousand mtrs (9 months of year 2018 – 515 thousand mtrs); ready made fabrics – 1037 thousand mtrs (9 months of year 2018 – 1488 thousand mtrs). 20,4 % of all produced fabrics were used for sewn items during 9 months of year 2019 (9 months of year 2018 – 29,6 %).

During 9 months of year 2019 the Group produced 616 thousand pcs sewn items (during 9 months of year 2018 – 722 thousand pcs), using 344 thousand mtrs of ready made fabrics (during 9 months of year 2018 – 434 thousand mtrs).

The volume of exports during 9 months of 2019 was 71,5 % of the total product sales.

Linas AB group of companies sold linen textile goods and services for 9.901 thousand Eur during the 9 months of 2019. Comparing to the 9 months of 2018 the volume of sales increased by 699 thousand Eur or 7.6 %.

Main activity results of the Group of 9 months of year 2019 in comparison with the same period of year 2018 were influenced by:

• lack of flax fibers in the market and rising prices - increased cost of sales;

• decrease in sales of sewn items (32,5% by euros and 14,8% by sewn meters of linen fabric) - had a negative effect to the results of the subsidiary.

AB "Linas" Group of companies offers linen, half linen, white, dyed, printed, jacquard, double-sided, striped and checked fabrics, various fabric weaving and finishing methods for home textile and garments. 35 % of all products are sold as sewn items. Produced items are ecologically clean and have exceptional characteristics. AB "Linas" group of companies produces and supplies reliable linen textile items for the customers who evaluate natural and modern combination, high quality of products, flexibility, production acc.to the individual orders, execution speed of orders.

During three months of 2019 the Group received 31 thousand Eur profit before taxation, the result of the same period of 2018 was 106 thousand Eur profit.

145 thousand Eur credit sum is granted to the Company acc.to the account lending contract which was signed between the bank and AB "Linas" on 2012 04 10. Company's reserves, the balancing value of which are 1.448 thousand Eur acc. to the mortgage sheets, are mortgaged for the credit sum. UAB "Lino apdaila" is guarantee for all credit sum and term to ensure credit sum. The validation term of account credit contract is till March 31, 2023. Alternate interests are paid for used credit, which are accounted as three months term Eur EURIBOR plus bank margin.

Acc.to the financial obligations limit contract signed between the bank and AB "Linas" on 07 10 2013, the credit of 290 thousand Eur is granted to the Company, for which company resources are mortgaged with the latest mortgage, the balance value of which acc.to the mortgage sheets are 1.448 thousand Eur. For the insurance of credit sum the warranty for all credit sum and term is received from UAB "Lino apdaila". The validation term of the financial obligations limit contract is till September 30, 2020. Alternate interests are paid for used credit, which are accounted as six months term Eur EURIBOR plus bank margin.

According to the credit agreement, concluded on 26 09 2016 between the bank and Linas AB, the credit, amounting to EUR 840 thousand, was granted to the Company. In order to ensure the performance of the Company's obligations to the bank the maximum mortgage agreement was concluded, according to which the immovable property of Linas AB is mortgaged and suretyship of Lino Apdaila UAB is granted for the entire amount and period of credit. The time period of the credit agreement is till 15 September 2021. Alternate interests are paid for used credit, which are accounted as six months term Eur EURIBOR plus bank margin.

Only significant information is presented in this explanatory memorandum which reflects accounting period economic operations and economic events which have the impact on financial state and results of the Group's accounting period. Data presented in interim financial statements and explanatory memorandum are corresponding International Financial Reporting Standards (IFRS) which are accepted to apply in the European Union (there are no deviation from international standards).

2. Accounting policy

The Group executes accounting and prepares financial statements in accordance with the legal provisions of bookkeeping and accounting, and financial reporting of the Republic of Lithuania, as well as other relevant provisions, including International Financial Reporting Standards (IFRS) which are accepted to apply in the European Union (EU).

The 16th IFRS "Rent" came into force from January 1, 2019. The Group has few activity rent contracta acc.to which it is impossiple to describe the right to the rent and to evaluate it reliably, so 16th TFAS "Rent" doesn't make influence on finance reports.

3. Notes of the memorandum

3.1. The information about the changes Group's long-term intangible assets and long-term tangible assets is presented in tables 1 and 2.

3.2. The status of the investment property during the reporting period is presented in table 2 "Changes of investment property".

3.3. Usual business income of the Group comprises the revenues generated by the sale of the products, i.e. fabrics, sewn items, yarn; by provision of production manufacturing services. The information about textiles items production business branches and geographical areas segments disclosed in tables 3 and 4. It is impossible to attribute property and liabilities of the Group to abstracted segments.

3.4. The information on Group's selling, general and administration expenses (Table 5 "Selling expenses, general and administration expenses").

3.5. The information on the cost and revenues of other activity of the Group (Table 6 "Other activity").

3.6. Financial and investment activity of the Group, revenues and costs shown by material items in table 7 "Financial and investment activity".

3.7. Basic the profit for one share is calculated dividing net profit (loss) of period in weighted average of ordinary shares issued during the period. The Group hasn't potentially converting ordinary shares, so the diluted profit attributed to one share correspond the basic profit which is given for one share. The information about the profit which is given for one share is presented in table (Table 8 "Earnings (loss) per share").

3.8. The monetary assets and liabilities items were converted into Eur at the currency rate of the balance making date.

3.9.There was no important event after the last day of interim financial period.

CHANGES OF LONG-TERM INTANGIBLE ASSETS

EUR

Indicators	Assets arising from developm ent	Goodwill Software	Concessions, patents, licences, trademarks and similar rights	Other intangible assets	Advance payments	Total
Residual value at the end of previous financial year		50.707				50.707
a) Procurement cost price of fixed intangible assets
At the end of previous financial year		100.854				100.854
Changes of financial year
· Procurement of assets
· Written-off property because of the accounting evaluation change (-)
· Assets, transferred to other individuals and discarded (-)
· Transcription from one article to another +/(-)
At the end of interim accounting period		100.854				100.854
b) Amortization
At the end of previous financial year		50.147				50.147
Changes of financial year		6.042				6.042
· Written-off property because of the accounting evaluation change (-)
· Financial year amortization		6.042				6.042
· Restorational records (-)
· Assets, transferred to other individuals and discarded (-)
· Transcription from one article to another +/(-)
At the end of interim accounting period		56.189				56.189
c) Residual value at the end of interim accounting period (a) - (b)		44.665				44.665

CHANGES OF LONG-TERM TANGIBLE ASSETS

								EUR
Indicators	Land	Buildings and structures	Machinery and plant	Vehicles	Other equipment, fittings and tools	Investment property	Advance payments and tangible assets under construction (production)	Total
Residual value at the end of previous
financial year		1.381.002	336.644	32.013	16.810	373.901		2.140.370
a) Procurement of cost price fixed
tangible assets
At the end of previous financial year		1.585.638	1.322.629	172.223	56.491	415.901		3.552.882
Changes of financial year			1.133	59.055				60.188
· Procurement of assets			1.133	59.055				60.188
· Written-off property because of the
accounting evaluation change (-)
· Assets, transferred to other individuals
and discarded (-)
· Transcription to short-time assets +/(-)
· Transcription from one article to
another +/(-)
At the end of interim accounting period		1.585.638	1.323.762	231.278	56.491	415.901		3.613.070
b) Revaluation
At the end of previous financial year								0
Changes of financial year
· Increase (decrease) of value +/(-)
· Assets, transferred to other individuals
and discarded (-)
· Transcription from one article to another +/(-)
At the end of interim accounting period
c) Depreciation (-)
At the end of previous financial year		204.636	985.985	140.210	39.681			1.370.512
Changes of financial year		80.109	53.708	13.810	4.217			151.844
· Written-off property because of the
accounting evaluation change (-)
· Depreciation of financial year		80.109	53.708	13.810	4.217			151.844
· Restorational records (-)
· Assets, transferred to other individuals
and discarded (-)
· Transcription from one article to
another +/(-)
At the end of interim accounting period		284.745	1.039.693	154.020	43.898			1.522.356
d) Decrease of value
At the end of previous financial year						42.000		42.000
Changes of financial year
· Decrease of value of financial year
· Restoration records (-)
· Assets, transferred to other individuals
and discarded (-)
· Transcription from one article to
another +/(-)
At the end of interim accounting period						42.000		42.000
e) Residual value at the end of interim
accounting period (a) + (b) - (c) - (d)		1.300.893	284.069	77.258	12.593	373.901		2.048.714

										Table 3
INFOR		MATION ABOUT SEG						MENTS OF TEXTILE PRODUCTS PRODUCTION BUSINESS
										EUR
					Segments (production, goods, types of activity)
	Fabrics		Sewn products		Yarns		Production services		All enterprises
Indicators	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09
	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018
Income	6.632.330	5.400.490	2.999.009	3.525.514	20.386	35.076	249.226	240.838	9.900.951	9.201.918
Cost price	5.546.047	4.224.900	2.690.915	3.069.087	18.841	35.226	138.112	141.549	8.393.915	7.470.762
Gross profit (losses)	925.734	1.175.590	308.094	456.427	1.545	(150)	111.114	99.289	1.507.036	1.731.156
Selling expenses, general and administrative expenses									1.523.061	1.465.204
Profit (looses) on main activity	925.734	1.175.590	308.094	456.427	1.545	(150)	111.114	99.289	(16.025)	265.952
	INFOR		MATION ABOUT GEOGRAPHICAL SEG				MENTS OF TEXTILE ITE		MS PRODUCTION			Table 4
												EUR
						Segments (regions)
Indicators	Scandinavian countries			European countries	USA			Lithuania		Other countries		All enterprises
	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09	01-09
	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018	months of 2019	months of 2018
Income	1.537.939	1.552.418	4.135.890	4.262.491	349.285	286.383	2.818.634	2.075.266	1.059.203	1.025.360	9.900.951	9.201.918
Cost price	1.214.592	1.234.033	3.598.980	3.556.393	264.024	210.469	2.391.483	1.618.404	924.836	851.463	8.393.915	7.470.762
Gross profit (losses)	323.347	318.385	536.910	706.098	85.261	75.914	427.151	456.862	134.367	173.897	1.507.036	1.731.156
Selling expenses, general and administrative expenses											1.523.061	1.465.204
Profit (looses) on main activity	323.347	318.385	536.910	706.098	85.261	75.914	427.151	456.862	134.367	173.897	(16.025)	265.952

Linas AB, company code 147689083, S. Kerbedzio str. 23, Panevezys

SELLING EXPENSES, GENERAL AND ADMINISTRATIVE EXPENSES

			EUR
Run		01-09	01-09
No.	Indicators	months	months
		of 2019	of 2018
1	Selling expenses	531.774	470.005
1.1	Expenses on commissions	151.949	153.063
1.2	Expenses on transporting of sold production	48.746	28.107
1.3	Expenses on production advertising and fair	92.623	100.168
1.4	Expenses on sales number employees wage and other with employees related relations	197.701	162.094
1.5	Evaluate of customers creditworthiness and insurance costs of marketable credits	21.443	14.429
1.6	Other sales expenses	19.312	12.144
2	General and administrative expenses	991.287	995.199
2.1	Expenses related with employees wage and other with employees related relations	511.674	451.156
2.2	Training costs of administration employees	9.204	5.980
2.3	Rent, exploitation and repairing expenses	214.503	304.464
2.4	Expenses of security services	24.437	24.437
2.5	Expenses of deterioration and amortization of non-current asset	76.061	60.797
2.6	Expenses of info technologies	26.375	23.524
2.7	Connection expenses	8.051	8.818
2.8	Expenses of bank services	15.152	15.266
2.9	Legal services expenses	25.488	6.334
	2.10 Expenses of support provided	12.033	6.538
	2.11 Expenses of social guarantees, stated in collective agreement	1.264	3.827
	2.12 Representation expenses	8.175	6.216
	2.13 Expenses of activity tax	4.600	7.951
	2.14 Low-value assets acquisition expenses	2.902	8.772
	2.15 Expenses of impairment of assets	1.582
	2.16 Various other general and administrative expenses	49.786	61.119
3	TOTAL SELLING EXPENSES, GENERAL AND ADMINISTRATIVE EXPENSES	1.523.061	1.465.204

			EUR
Run. No.	Indicators	01-09 months of 2019	01-09 months of 2018
1.	INCOME OF OTHER ACTIVITY - TOTAL	659.884	781.769
	Specification of significant amount:
	1.1. Profit of non-current asset transferring	90.349	47.950
	1.2. Income of various storages selling	151.174	157.253
	1.3. Income of rent	44.100	34.200
	1.4. Income for accounting and administration services	371.668	541.897
	1.5. Income for thermal heating supply	2.593	469
2.	EXPENSES OF OTHER ACTIVITY - TOTAL	526.271	610.721
	Specification of significant amount:
	2.1. Loss of non-current asset transferring	69.346	22.348
	2.2. Net cost of sold various storages	81.291	90.053
	2.3. Net cost of rent	43.519	46.453
	2.4. Costs for accounting and administration services	332.100	451.713
	2.5. Costs for thermal heating supply	15	154
3.	RESULTS OF OTHER ACTIVITY (1-2)	133.613	171.048

OTHER ACTIVITY

Table 7

FINANCIAL AND INVESTMENT ACTIVITY

			EUR
Run.	Indicators	01-09 months	01-09 months
No.		of 2019	of 2018
1.	FINANCIAL AND INVESTMENT ACTIVITY
	INCOME - TOTAL	39.514	39.242
	Specification of significant amount:
	1.1. Investments incomes into the shares of patronize,	26.640	26.640
	patronized and associated companies
	1.2. Incomes of other long-term investments and loans	26.640	26.640
	1.2.1. Income of other interests
	1.2.2. Income of bank interests	12.874	12.602
	1.3. Incomes of other interest or similar incomes		946
	1.3.1. Fines and penalties for the drawn debts	11.506	11.654
	1.3.2. Positive result of changes of currency exchange	1.368	2
	1.3.3. Income of other financial-investment activity
2.	FINANCIAL AND INVESTMENT ACTIVITY	21.758	28.549
	EXPENSES - TOTAL
	Specification of significant amount:	21.758	28.549
	2.1. Value decrease of financial property and short-term investments	13.996	16.860
	2.2. Costs of interest and other similar costs		456
	2.2.1. Expenses of interest	6.852	11.408
	2.2.2. Fines and delay fees	910	(175)
	2.2.3. Negative result of changes of currency exchange
	2.2.4. Expenses of currency buying-selling
	2.2.5. Expenses of other financial-investment activity	17.756	10.693
3.	FINANCIAL AND INVESTMENT
	ACTIVITY RESULT (1-2)	39.514	39.242

EARNINGS (LOSS) PER SHARE

Run.		GROUP
No.	Indicators	01-09 months of 2019	01-09 months of 2018
1.	Weighted average number of ordinary shares	24.038.990	24.038.990
2.	Net profit (loss), in EUR	132.087	447.693
3.	Basic and diluted earnings (loss) per share, in EUR	0,005	0,019