AB Akola Group

Interim / Quarterly Report • Aug 28, 2015

"LINAS" AB INTERIM CONSOLIDATED REPORT FOR SIX MONTHS OF YEAR 2015

Linas AB Company code 147689083 S. Kerbedzio 23, Panevezys

August 28, 2015

CONFIRMATION BY THE 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, Saulius Sidlauskas, Director of Linas AB, and Daiva Minkeviciene, chief accountant – chief of section of accounting and analysis of Linas AB, hereby confirm that to our best knowledge interim consolidated six months financial statements of year 2015 of Linas AB Group of companies were drawn following the International Financial Reporting Standards adopted for use in the European Union, and present the fair and accurate status of the consolidated assets, liabilities, financial condition and profit or loss and money flows of the Linas AB Group of companies, and that the review of activities and business development and the condition of Linas AB Group of companies together with the description of the principle risks and uncertainties it faces has been described correctly in the interim consolidated six months report of year 2015 of Linas AB. Interim consolidated financial statements were not audited, consolidated interim report was not evaluated by the auditors.

INDEX

1. Accounting period for which the report is prepared	4
2. Companies comprising the Company Group and their contact data	4
3. Principal nature of activity	4
4. Contracts with intermediaries of public trading securities	4
5. Data on trading in securities of the Company in regulated markets	4
6. Fair review of entity's position, performance and development of the entity's business,
description of the principal risks and uncertainties that it faces	5
7. Information about the activity results of the Group	5
8. Main events of the accounting period	5
9. References and additional explanatory notes regarding the date provided in the consolidated
financial statements	6
10. Operating plans and forecasts of the Company Group	6
11. Information about research and development activities of the Company Group	6
12. Information about financial risk management objectives, its measures for hedging major
types of forecasted transactions for which hedge accounting is used, and the Company Group's
exposure to the cope of price risk, credit risk, liquidity risk and cash flow risk where the
Company Group uses financial instruments and where this is of importance for the evaluation
of the Group's assets, equity capital, liabilities, financial position and performance results	6
13. Information about branches and representative offices of the Company 14. Company's structure of authorised capital and encumbrances for transfer/disposal of said	6
securities	6
15. Information about the own shares acquired and held by the Company and the Group and the
same acquired and transferred during the reporting period	7
16. Shareholders	7
17. Employees	7
18. Procedure for amendment of the Articles of association of the Company	8
19. Management bodies of the Company	8
20. Data about the Board and Audit committee members and administration of the Company	11
21. All material agreements to which the Company is a party and which would come into effect,
be amended or terminated in case of change in the Company's control, also their impact except
the cases where the disclosure of the nature of the agreements would cause significant damage
to the Company	12
22. All agreements of the Company and the members of its management bodies or the employee
agreements providing for a compensation in case of the resignation or in case they are dismissed
without due reason or their employment is terminated in view of the change of control of the
Company	12
23. Information on the significant transactions between related parties	13
24. Information about companies' compliance to management codex	13
25. Data about publicly disclosed information	13

1. Accounting period for which the report is prepared

"Linas" AB interim consolidated six months report is prepared for January-June months of year 2015.

2. Companies comprising the Company Group and their contact data

Principal Company data
Name	AB "Linas" (hereinafter the Company)
Authorised (share) capital	6 971 307,10 Eur
Domicile address	S. Kerbedzio g. 23, LT-35114 Panevezys
Telephone	(8-45) 506100
Fax	(8-45) 506345
E-mail address	office@linas.lt
Webpage	www.linas.lt
Legal-organisational form	Public Limited Liability Company
Date and place of registration	08-03-1993, Company Register/ City of Panevezys
Company registration number	AB 9329
Date and place of re-registration	September 9, 2004, Register of Legal Persons,
	Registration Certificate No. 003429.
Company code	1476 89083
VAT code	LT476890811
Principal subsidiary data
Name	UAB "Lino apdaila"
Authorised (share) capital	2 896 Eur
Domicile address Telephone	S. Kerbedzio g. 23, LT-35114 Panevezys (8-45) 506111
Fax	(8-45) 506346
E-mail address	office@linas.lt
Legal –organisational form	Private Limited Liability Company
Date and place of registration	May 23, 2008 Register of Legal Persons,
	Registration Certificate No. 114552
Company code	3017 33421
VAT code	LT100004113316

3. Principal nature of activity

Principal nature of activity is production of textile products and sales.

On June 30, 2015 the Group of companies was comprised of AB "Linas" and its subsidiary company UAB "Lino apdaila". AB "Linas" holds 100% shares of the subsidiary company. The activity of AB "Linas" is sales of linen textile items; other activity of AB "Linas" - management of financial asset (shares and granted loans), supply of thermal energy. The activity of the textile products production is carried out at the subsidiary company UAB "Lino apdaila.

4. Contracts with intermediaries of public trading securities

On December 4, 2003 AB "Linas" has signed the service contract with AB SEB Bank (company code 112021238, Gedimino avenue.12, Vilnius) regarding the management of company's stock accounting.

5. Data on trading in securities of the Company in regulated markets

The total of 24 038 990 ordinary registered shares (ISIN code LT0000100661) the total nominal value of which is 6 971 307,10 Eur are included into the current sales list of NASDAQ OMV Vilnius.

6. Fair review of entity's position, performance and development of the entity's business, description of the principal risks and uncertainties that it faces

Risk factors related to the activities of the issuer:

Credit:

• Customers' solvency.

The Group is trying to manage credit risk influence with the insurance of her customers, applying safe payments forms, asking for property guarantees or sponsion of third parties.

Economic and political:

• Increase in supply of Asian textile products and dumping.
• Cyclicity of demand for linen products.
• Seasonality: les demand in winter.
• Rise of prices for raw materials.
• Passive policy of the Lithuanian state in regard of foreign investment and local exporters.

The Group is developing and improving marketing and production spheres, reacting to customers needs, searching for new markets, assortment possibilities, taking place in the projects witch are supplied by Lithuanian Republic or European Union.

Technical-technological:

Quite significant part of the technological equipment are old and wear-tear, requiring huge investment in to their repair and maintenance;

Lack of modern technological equipment for performance of modern and progressive processing/finishing of fabrics.

The Group is investing into the obtaining of progressive equipment, renewing of old equipment and proper maintenance in order to increase production efficiency and productivity.

7. Information about the activity results of the Group

During the Ist half of year 2015 AB "Linas" Company Group sold products and services for 6,00 million Eur. Compared to the results of the Ist half of year 2014 the incomes of sales increased 0,08 million Eur or 1,35 %.

Item	Unit	st half of year I 2015	st half of year I 2014
Sales	Thousand Eur	5 996	5 921
Profit before taxes	Thousand Eur	472	639

During the Ist half of year 2015 the volumes of sales and production of the Group compared to the last year the same period has remained stable because of the stability of textile items in foreign markets after the global economic crisis.

EBITDA of Ist half of year 2015 was 0,57 mln. EUR when EBITDA of January-June of year 2014 EBITDA was 0,74 mln. EUR.

More information about the activity and financial results of I st half of year 2015 of the Group is presented in the interim consolidated financial accountability of six months of year 2015 of AB "Linas".

8. Main events of the accounting period

According to the decision of Shareholders meeting of the company dated May 19, 2015, the company UAB "Audito sprendimai" was elected to the position of the auditors of AB "Linas" for year 2014-2016.

According to the decision of Shareholders meeting of the company dated May 19, 2015, the net losses of accounting year 1 023 703 Eur also unappropriated loss of the previous financial year – 100 161 Eur - as unappropriated losses of accounting year – 1 123 864 Eur - transferred to other financial year.

According to the decision of Shareholders meeting of the company dated May 19, 2015, Ramunas Lenciauskas, Saulius Sidlauskas, Daiva Minkeviciene and Gintare Dambrauskaite-Lenciauske elected to the Board of AB "Linas".

According to the decision of Shareholders meeting of the company dated May 19, 2015, a new wording of the By-laws of AB "Linas" was confirmed and registered on 09 June 2015 in the Register of Legal Persons of the Republic of Lithuania.

9. References and additional explanatory notes regarding the date provided in the consolidated financial statements

The financial statements have been prepared following the International Financial Accounting Standards. The data provided in the six months financial reporting statements and in the explanatory note are sufficient and comprehensive.

10. Operating plans and forecasts of the Company Group

In 2015 the Group of Linas, AB plans to produce linen products to customers which put value upon combination of naturalness and modernity. Companies of the Group will vouch for reliable partnership with customers and suppliers; also will vouch for safe environment to employees as before. The main objectives of the Group are: to increase volume of sales, expanding market in foreign countries and Lithuania, and to decrease cost price of production, optimizing expenses of production, buying cheaper raw materials.

11. Information about research and development activities of the Company Group

The Company Group was not carrying out activities related to research and development.

12. Information about financial risk management objectives, its measures for hedging major types of forecasted transactions for which hedge accounting is used, and the Company Group's exposure to the cope of price risk, credit risk, liquidity risk and cash flow risk where the Company Group uses financial instruments and where this is of importance for the evaluation of the Group's assets, equity capital, liabilities, financial position and performance results.

The Company Group was not using the financial instruments which are of importance for the evaluation of the Group's assets, equity capital, financial position and performance results.

13. Information about branches and representative offices of the Company

The AB "Linas" does not have any branches or representative offices.

14. Company's structure of authorised capital and encumbrances for transfer/disposal of said securities

The authorised capital registered in the company register of the Republic of Lithuania is equal to 6 971 307,10 Eur.

The structure of the authorised capital of the AB "Linas" according to types of shares is as below:

Type of shares	Number of shares	Nominal value (Eur)	Total nominal value	Percentage in the authorised capital
Ordinary registered shares	24 038 990	0,29	6 671 307,10	100,00
Total:	24 038 990	-	6 971 307,10	100,00

All shares of the AB "Linas" have been paid in full and they are not subject to any encumbrances for transfer/disposal of said securities.

The shares of the Company present the same property and non-property rights and liabilities according to the indications of Joint Stock Company's law.

15. Information about the own shares acquired and held by the Company and the Group and the same acquired and transferred during the reporting period

The Company has not acquired any of its own shares. The subsidiary has also not acquired any of the Company's shares. Neither the Company nor its subsidiary has bought or sold its own shares.

16. Shareholders

The total number of shareholders of AB "Linas" were 1169 acc. to the data of May 12, 2015 - the accounting date of 2015-05-19 Repeated General Meeting of Shareholders.

The shareholders who hold or control more than 5 per cent of authorised capital of the Company acc. to the data of May 12, 2015 were:

Shareholder's name, surname, company's name, type, domicile address, code in the Register of Enterprises	Number of ordinary registered shares held on property ownership right (pcs.)	Percentage of authorised capital held	Percentage of votes granted by the shares held on property ownership right	Percentage of votes held together with the persons acting together
Roocero Associated Limited, 35 Barrack Road, Belize City, Belize, code in the Register of Enterprises 106446	5 406 533	22,49%	22,49%	22,49%
Danelika Services Limited, 3 Michael Koutsofta street, Limassol, Cyprus, code in the Register of Enterprises HE289213	4 156 585	17,29%	17,29%	17,29%
Association "EEEE", Savanoriu pr. 192, Kaunas, code in the Register of Enterprises 302572729	2 831 699	11,78%	11,78%	11,78%
Emilis Lenciauskas	2 796 880	11,63%	11,63%	11,63%
"Rivena", UAB, P. Zadeikos g. 13-35, Vilnius, code in the Register of Enterprises 302521510	2 423 030	10,08%	10,08%	10,08%

None of the shareholders of the Company have any special control rights. All shareholders have equal rights, so the number of shares of AB "Linas" carrying votes at the general meeting of shareholders is 24 038 990.

The Company has not been notified any agreements between the shareholders due to which the transfer of securities and/or voting rights could be encumbered.

17. Employees

The average listed number of employees in AB "Linas" Company Group on the Ist half of year 2015 was 319. On the Ist half of year 2014 this average was 314. During the year the average

Employees	I	st half of year 2015	st half of year 2014 I
	Average	Average		Average
	conditional	salary/wage,	conditional	salary/wage,
	number of	Eur	number of	Eur
	employees		employees
Management personnel	15	1420	13	1421
Specialists and clerks	47	696	42	663
Workers	235	460	229	418
Total	297	544	284	499

number of employees increased by 5 or 1,6%. The number of employees has been changed over the past year for reorganization of production processes of the Group of companies.

The wages to the employees of the Group were paid observing the confirmed labour payment regulations, the Law on labour safety and health and other laws of the Republic of Lithuanian and decisions by the Government. Average calculated wage in the Ist half of year 2015 was 544 Eur and compared to the Ist half of year 2014 increased by 9,02 %. (in the Ist half of year 2014 - 499 Eur).

The Collective Agreement in AB "Linas" Group of companies indicates:

1. One-off irretrievable pay is paid:

when employee of the company dies and the family of employee grows children (adoptee) till 18 years old, also the oldest if they are studying at secondary schools at day shift, at professional or higher schools at day shift (including the period of academic holidays), but no longer till 24 – 6 base social pays;

when spouse of company's employee dies and the family of employee grows children (adoptee) till 18 years old, also the oldest if they are studying at secondary schools at day shift, at professional or higher schools at day shift (including the period of academic holidays), but no longer till 24 – 6 base social pays.

1. Additional paid holidays:

up to 3 calendar days in case of death of a family member (parents, husband, wife, child, brother, sister);

1 calendar day for the marriage.

1. The employees who must undergo compulsory medical examination shall be paid average wage for the time spent for such medical check-up. The employer shall also cover all the costs related to such medical checkups.

18. Procedure for amendment of the Articles of association of the Company

The Law on Companies of the Republic of Lithuania provides that the right to amend the Articles of Association shall be vested exclusively in the general meeting of shareholders. Adoption of amendment of the Articles of Association requires 2/3 majority vote of the shareholders attending the meeting.

19. Management bodies of the Company

As determined by the Articles of Association of AB "Linas" the management bodies of the Company are:

• General meeting of shareholders;
• The Board of AB "Linas";
• Head (Director) of AB "Linas".

The Supervisory Council shall not be formed.

General meeting of the shareholders is the highest body of the company.

Only General meeting of the shareholders has the right to:

change the regulations of the company, except the exceptions indicated by Joint Stock Company's law of Lithuanian Republic;

to elect and to cancel members of the Board, audit company;

to indicate payment conditions for audit services;

to confirm annual financial accountability;

to take the decision to increase the authorized capital;

to indicate the shares class, number and nominal value of issued company's shares and the minimal price of the emission;

to take the decision to cancel the priority right to all shareholders to obtain company's shares of concrete emission or convertible bonds;

to take the decision to decrease authorized capital, except the exceptions indicated in Joint Stock Company's law of Lithuanian Republic;

to take the decision to issue convertible bonds;

to take the decision to convert company's one class shares into the other class, to confirm the order of shares convert;

to take the decision to obtain own shares for the Company;

to take the decision to liquidate the company, to cancel the liquidation of the company, except the cases indicated in Joint Stock Company's law of Lithuanian Republic;

to elect and to cancel company's liquidator, except the cases indicated in Joint Stock Company's law of Lithuanian Republic;

to take the decision regarding company's reorganization or separation and to confirm the conditions of reorganization or separation;

to take the decision to reorganize the company;

• to take the decision to shake-up the company;
• to take the decision regarding the allotment of profit (loss);

to take the decision regarding the reserves making, using, decreasing or cancelling.

General Meeting of shareholders can also solve other questions, which are not attributed to the competence of other company's bodies according to Joint Stock Company's law of Lithuanian Republic, and if they are not the function of other managing bodies.

The call order of General meeting of shareholders of the company doesn't differ from the order indicated in Joint Stock Company's law of Lithuanian Republic.

The Board is the collegial management body of the company. The Board is elected by General Meeting of shareholders according to the order indicated in Joint Stock Company's law of Lithuanian Republic. If single members of the Board are elected, so they are elected only up to the end of existing Board cadence. The Board consists of 4 members for 4 years. The chief of the Board is elected by the Board from its members. The working order of the Board is indicated in the accepted work regulation of the Board.

The Board executes its functions during the period indicated in the regulations or up to time when the new Board will be elected and will start the job, but not longer General Meeting of shareholders which is held at the end of the Board's cadence.

General Meeting of shareholders can cancel all the Board or its single members if there cadence is still not over. The member of Board can resign from his post even if the cadence is still not over and to inform the company in written not later 14 days.

The competence of the Company's Board the procedure of it election and dismissal are not different from the same provided for in the Law on Companies of the Republic of Lithuania.

The Board shall consider and confirm:

• Activity strategy of the Company;
• Activity report of the Company;
• Organisation/management structure of the Company and list of positions;
• List of positions to which the employees are admitted following selection procedure;
• Regulations of branches and representative offices of the Company.

The Board shall elect the head of the Company and fix his salary, other terms and conditions of the employment contract with him, confirm his job description, apply motivation and disciplinary measures.

The Board shall decide on the information to be treated as commercial (production) secret of the Company.

The Board shall adopt:

• Decisions on becoming the founder or member of other legal persons;
• Decisions on establishing branches and representative offices of the Company;

Decisions regarding the buying of long-term asset, investment, transfer, lease, mortgage and hypothec;

Decisions regarding the sponsion or guarantee of liabilities execution of other;

Decisions regarding the support providing;

Decision to reorganise the Company in cases provided for in Law on Reorganisation of Companies;

Other decisions attributed to the competence of the Board by the Articles of Association or by resolutions of the General meeting of shareholders;

Before investing the funds or other assets into other legal persons the Board must notify the creditors with who the Company has not settled accounts in the event the total outstanding amount to such creditors is exceeding 1/20 of the authorised capital of the Company.

The Board shall analyse and assess the materials presented by the head of the Company concerning:

Implementation of the strategy of Company's activities;

Organisation of company's activities;

Financial condition of the Company;

Results of business activities, budgets for income and expenses, data of stocktaking and other changes related to assets of the Company;

The draft annual financial statements of the Company and the draft profit (loss) appropriation statement and present them to the General meeting of shareholders.

The competence of company's director, the order of his election or cancelation is not differ from the order indicated in Joint Stock Company's law of Lithuanian Republic.

Director of the company:

organizes daily activity of the company, hires or fires employees, makes and terminates job contracts with them, motivates employees or signs penalties for them;

indicates calculation normative of property deterioration of the company;

acts in the name of the company and has the right to sign contracts autocratically;

has to secure company's commercial (production) secrets which he knew being at this post;

presents the questions to discuss to the Board of the company and to General Meeting of shareholders;

represents the company at the court, in relationships with other juridical and physical persons;

presents the authorization to other persons to execute ions which are at his competence;

executes others functions indicated by the laws of Lithuanian Republic and law regulations.

Director of the company is responsible for:

• organization of company's activity and execution of its goals;
• preparation of annual financial accountability;
• signing the contract with audit company;

presentation of information and documents for General Meeting of shareholders, for the Board, in the cases indicated in Joint Stock Company's law of Lithuanian Republic or according their request;

presentation of company's documents and data to the manager of juridical persons register;

presentation of company's documents to the Securities Commission and to Central Security Depository of Lithuania;

public announcement of information, indicated in Joint Stock Company's law of Lithuanian Republic, in newspaper "Lietuvos rytas";

presentation of information to shareholders;

presentation of all necessary documents which are indicated in the contract with audit company for concrete inspection;

others post execution indicated in Joint Stock Company's law of Lithuanian Republic and other laws and regulations, also in regulations of the company and in job description of company's manager.

According to the decision of General meeting of Shareholders dated may 12, 2009 the Audit committee is formed at AB "Linas". Company's Audit committee consists of two members, one of which should be independent. General Meeting of shareholders elect or cancel members of Audit committee according to the offer of company's Board. The cadence period of audit committee – four years. Continuous cadence period of the member of Audit committee could not be longer than twelve years.

Main functions of Audit committee:

to present recommendations to company's Board in relation with selection, nomination, repeated nomination and cancellation of external audit company and to present the contract conditions with audit company;

to watch the execution process of external audit;

to watch how external auditor keeps to the principles of objectivity and independence;

to watch the preparation process of company's financial reports;

to watch the system effectiveness of Company's internal control, risk management and internal audit, if it is working in the company;

to execute other functions indicated in Lithuanian Republic laws and to keep providing recommendations of management codex of companies listed at Vilnius NASDAQ OMX.

20. Data about the Board and Audit committee members and administration of the Company

RAMUNAS LENCIAUSKAS – Chairman of the Board. University education, graduated from the Kaunas Technology University where studied machine engineering, economics and management. Qualifications – engineer-economist. 1995-2005 AB "Linas" manager (president), general director, president, temporary expert of business and finance strategic management, adviser on business and finance strategic management; 2007-2008 AB "Linas" adviser on business and finance strategic management, director. The owner of R. Lenciauskas individual company. Since 31-05-2014 until 31-12-2014 – director of the AB "Linas". Does not hold shares of the Company.

SAULIUS SIDLAUSKAS – member of the Board and head of administration of the Company – the Director. Higher education, obtained production management bachelor degree at the Kaunas Technology University. From 01-01-2015 - Director of the AB "Linas". Does not hold shares of the Company.

DAIVA MINKEVICIENE – Since 13-10-2008 chief accountant – chief of section of accounting and analysis of the Company. University education, graduated from economics studies in the Vilnius University. Does not hold shares of the Company.

GINTARE DAMBRAUSKAITE-LENCIAUSKE – member of the Board. Higher education, finished management and business administration bachelor studies at Management and economic university (ISM) and master studies of human recourses management at Mykolo Romerio University. The director of UAB "Linas Sventoji". The director of UAB "Salduta". The director of UAB "NI Linasta". The direktor of R. Lenciauskas individual company. Since 03-06-2013 – deputy of director of the AB "Linas". Does not hold shares of the Company.

Members of the Board were elected on May 19, 2015 by the General meeting of shareholders for four periods in office.

The members of the management bodies of AB "Linas" have never been convicted for property, business or financial offences.

Information about total amounts and averages per person of the salaries and annual payments from profit paid during the reporting period to the members of the Board and head of administration:

Indicator	st Salary for I	Payment from	Other	Total (Eur)
	half of year	st profit for I	payments
	2015 (Eur)	half of year	from profit
		2015 (Eur)	(Eur)
Average per member of the Board	-	-	-	-
Total for all members of the Board	-	-	-	-
Average per member of administration	15 641	-	-	15 641
Total for all members of administration	46 924	-	-	46 924

Members of Audit committee were elected for four years cadence during General meeting of shareholders on May 16, 2013. Authorizations are granted to the members of Audit committee and their executing functions are according to regulations of Audit committee.

VILMA POLIKEVICIENE – member of Audit committee. Untill 2015-08-05 deputy of AB "Linas" chief accountant – manager of accounting department for taxing accounting. Does not hold shares of the Company.

SVETLANA GREKOVA – independent member of Audit committee. Expert of accounting and tax. Does not hold shares of the Company.

21. All material agreements to which the Company is a party and which would come into effect, be amended or terminated in case of change in the Company's control, also their impact except the cases where the disclosure of the nature of the agreements would cause significant damage to the Company

None.

22. All agreements of the Company and the members of its management bodies or the employee agreements providing for a compensation in case of the resignation or in case they are dismissed without due reason or their employment is terminated in view of the change of control of the Company

None.

23. Information on the significant transactions between related parties

During six months of year 2015 there were no related parties' contracts which could make large influence on financial situation or activity of the Group. All information regarding related parties contracts will be presented in the notes of explanatory memorandum of annual financial accountability.

24. Information about companies' compliance to management codex

Company report about compliance to management codex of companies which are listed at Vilnius NASDAQ OMX was publicly announced via NASDAQ OMX system and presented to the commission of Stock Exchanges together with the consolidated annual report of year 2014. There were no changes in the information about companies' compliance to management codex during I st half of year 2015.

25. Data about publicly disclosed information

During January – June of year 2015 the Company announced following essential events:

2015-01-09 AB "Linas" General Meeting of Shareholders didn't take place. Repeat General Meeting of Shareholders will be held on January 26, 2015;

2015-01-09 Draft Resolutions of the Repeated Extraordinary General Meeting of Shareholders;

2015-01-26 Resolutions of Repeated Extraordinary General Meeting of Shareholders;

2015-02-05 Notification about disposal and acquisition of a block of shares;

2015-02-27 Preliminary not audited activity results of twelve months of year 2014 of company AB "Linas" and Group of companies;

2015-03-26 AB "Linas" the Ordinary General Meeting of Shareholders convocation;

2015-04-02 Draft Resolutions of the Annual General Meeting of Shareholders;

2015-04-30 AB "Linas" General Meeting of Shareholders didn't take place. Repeated General Meeting of Shareholders will be held on May 19, 2015;

2015-04-30 Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB "Linas";

2015-05-19 Resolutions of Repeated Annual General Meeting of Shareholders;

2015-05-29 Activity results of three months of year 2015 of company AB "Linas" and Group of companies;

2015-06-16 A new wording of the BY-Laws is registered.

All information on material events made public during 2015 is available on the AB "Linas" webpage www.linas.lt.

Director Saulius Sidlauskas

LINAS AB INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE SIX MONTHS OF 2015

2015 06 30

SUMMARY

Consolidated Statement of Financial Position3
Consolidated Statement of Profit or Loss and Other Comprehensive Income 5
Consolidated Statement of Changes in Equity 6
Consolidated Statement of Cash Flows7
Explanatory Memorandum8

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Formulated according to TFAS, not audited

	Current period 01 01 2015 - 30 06 2015		EUR
No.	ASSETS	2015-06-30	2014-12-31
A.	Long-term assets	2.157.450	2.133.055
I.	Intangible assets	1.485	1.703
I.1.	Developmental works	0	0
I.2.	Prestige	0	0
I.3.	Patents, licenses	0	0
I.4.	Software	1.485	1.703
I.5.	Other intangible assets	0	0
II.	Tangible assets	532.091	517.416
II.1.	Land	0	0
II.2.	Buildings	0	0
II.3.	Structures	2.922	3.254
II.4.	Machinery and equipment	484.518	466.257
II.5.	Means of transport	24.419	27.204
II.6.	Other equipment, appliances, instruments and gear	18.618	20.701
II.7.	Constructions in progress	0	0
II.8.	Other tangible assets	1.614	0
III.	Investment property	0	0
IV.	Financial assets	1.622.644	1.612.707
IV.1.	Investments to affiliates and associated companies	0	0
IV.2.	Loans to affiliates and associated companies	0	0
IV.3.	Amounts received after one year	1.622.354	1.612.417
IV.4.	Other financial assets	290	290
V.	Other long-term assets	1.230	1.229
V.1.	Deferred corporation tax assets	1.230	1.229
V.2.	Other long-term assets	0	0
B.	Short-term assets	6.380.291	5.828.406
I.	Stocks, prepayments and contracts in progress	3.787.721	3.039.113
I.1.	Stocks	3.518.394	2.931.423
I.1.1.	Raw materials and consumables	1.948.095	1.398.067
I.1.2.	Work in progress	75.921	69.579
I.1.3.	Finished products	1.493.431	1.456.782
I.1.4.	Goods purchased for resale	947	6.995
I.1.5.	Other stocks	0	0
I.2.	Prepayments	269.327	107.690
I.3.	Contracts in progress	0	0
II.	Amounts receivable within one year	2.284.740	2.234.879
II.1.	Trade debtors	1.845.771	1.769.429
II.2.	Debts of affiliates and associated companies	0	0
II.3.	Other amounts receivable	438.969	465.450
III.	Other short-term assets	0	0
III.1.	Short-term investments	0	0
III.2.	Term deposits	0	0
III.3.	Other short-term assets	0	0
IV.	Currency and its equivalents	307.830	554.414
	Total assets	8.537.741	7.961.461

No.	PRIVATE ASSETS AND LIABILITIES	2015-06-30	2014-12-31
C.	Private assets	6.641.927	6.160.412
I.	Capital	6.971.307	6.962.173
I.1.	Subscribed capital	6.971.307	6.962.173
I.2.	Signed unpaid capital (-)	0	0
I.3.	Shares premiums	0	0
I.4.	Private shares(-)	0	0
II.	Revaluation reserve (results)	0	0
III.	Reserves	174.062	174.062
III.1.	Obligatory	290	290
III.2.	For purchase of proprietary shares	0	0
III.3.	Other reserves	173.772	173.772
IV.	Profit (loss) brought forward	(503.442)	(975.823)
IV.1.	Profit (loss) of the current year	472.381	(1.011.226)
IV.1.1.	Profit (loss) acknowledged in statement of profit or loss and other comprehensive income	472.381	(1.011.226)
IV.1.2.	Profit (loss) not acknowledged in statement of profit or loss and other comprehensive income	0	0
IV.2.	Profit (loss) of the previous year	(975.823)	35.403
V.	Non-controlling interest	0	0
D.	Grants, subsidies	1.185	399
E.	Amounts payable and liabilities	1.894.629	1.800.650
	Amounts payable after one year and long
I.	term liabilities	113.453	113.453
I.1.	Financial debts	0	0
I.1.1.	Leasing (financial rents) or similar liabilities	0	0
I.1.2.	To credit organizations	0	0
I.1.3.	Other financial debts	0	0
I.2.	Debts to suppliers	0	0
I.3.	Received prepayments	11.345	11.345
I.4.	Suspensions	0	0
I.4.1.	Reimbursement of liabilities and demands	0	0
I.4.2.	Pensions and similar liabilities	0	0
I.4.3.	Other suspensions	0	0
I.5.	Suspended taxes	0	0
I.6.	Other amounts payable and long-term liabilities	102.108	102.108
II.	Amounts payable within one year and short term liabilities	1.781.176	1.687.197
II.1.	Short term portion of long-term debts	0	0
II.2.	Financial debts	0	0
II.2.1.	To credit organizations	0	0
II.2.2.	Other financial debts	0	0
II.3.	Debts to suppliers	1.090.685	885.990
II.4.	Received prepayments	54.366	115.392
II.5.	Liabilities of income taxes	0	108.587
II.6.	Liabilities related to work relations	484.435	417.216
II.7.	Suspensions	0	0
II.8.	Other amounts payable and short-term liabilities	151.690	160.012
	Total proprietary capital and liabilities	8.537.741	7.961.461

Linas AB, company code 147689083, S. Kerbedzio str. 23, Panevezys Interim consolidated financial statements of the six months of 2015 4

Director Saulius Sidlauskas

Chief accountant – chief of section of accounting and analysis Daiva Minkeviciene

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Formulated according to TFAS, not audited

	Current period 01 01 2015 - 30 06 2015				EUR
		st half I	st half I	IInd quarter	IInd quarter
No.	ARTICLES	of 2015	of 2014	of 2015	of 2014
I.	SALE INCOME	5.995.969	5.920.875	3.554.443	3.270.013
I.1.	Income for sold goods	5.634.421	5.575.154	3.402.450	3.102.140
I.2.	Income for sold services	361.548	345.721	151.993	167.873
II.	SALE COST PRICE	4.062.139	3.882.778	2.437.332	2.111.181
II.1.	Cost price of sold production	3.908.150	3.719.832	2.373.222	2.031.560
II.2.	Cost price of sold services	153.989	162.947	64.110	79.621
III.	GROSS PROFIT (LOSS)	1.933.830	2.038.097	1.117.111	1.158.832
IV.	OPERATING EXPENSES	1.471.197	1.396.563	700.436	691.468
IV.1	Sale	364.041	332.074	168.544	157.017
IV.2	General and administrative	1.107.156	1.064.489	531.892	534.451
	PROFIT (LOSS) OF STANDARD
V.	ACTIVITY	462.633	641.534	416.675	467.364
VI.	OTHER OPERATIONS	1.930	(107)	962	3.477
VI.1.	Income	98.008	91.590	49.721	54.530
VI.2.	Expenses	96.078	91.697	48.759	51.053
	FINANCIAL AND INVESTMENT
VII.	ACTIVITIES	7.818	(2.008)	1.735	(1.042)
VII.1.	Income	18.670	116	2.195	43
VII.2.	Expenses	10.852	2.124	460	1.085
	PROFIT (LOSS) FROM ORDINARY
VIII.	ACTIVITIES	472.381	639.419	419.372	469.798
IX.	PROFIT (LOSS) BEFORE TAXES	472.381	639.419	419.372	469.798
X.	PROFIT TAX	0	0	0	0
	PROFIT (LOSS) BEFORE NON
XI.	CONTROLLING INTEREST	472.381	639.419	419.372	469.798
XII.	NON-CONTROLLING INTEREST	0	0	0	0
XIII.	NET PROFIT (LOSS)	472.381	639.419	419.372	469.798
XIV.	OTHER COMPREHENSIVE INCOME	0	0	0	0
XV.	Earnings (loss) per share	0,07	0,09	0,06	0,07

Director Saulius Sidlauskas

Chief accountant – chief of section of accounting and analysis Daiva Minkeviciene

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Current period 01 01 2015 - 30 06 2015 EUR

					Revaluation reserve (results)	Law covered reserves		Other reserves		Profit (loss) brought forward	Total
				Long	Financial	Obligatory Proprietary		Support	Other
				term	assets		shares	reserves	reserves
				tangible			procure	and other
			Pro	assets			ment	payouts
	Paid-up		prietary					according to
	authorized	Additions	shares					collective
	capital	to shares	(-)					agreement
	1	2	3	4	5	6	7	8	9	10	11
Remainder on 31 December, 2013	6.962.173	0	0	0	0	696.507	0	0	86.886	(573.928)	7.171.638
Profit/loss not
acknowledged in
statement of profit											0
or loss and other
comprehensive
income
Net profit / loss of
the current period										639.419	639.419
Formed reserves									173.772	(173.772)	0
Liquidates reserves						(696.217)			(86.886)	783.103	0
Remainder on 30
June, 2014	6.962.173	0	0	0	0	290	0	0	173.772	674.822	7.811.057
Profit/loss not
acknowledged in
statement of profit
or loss and other											0
comprehensive
income
Net profit / loss of
the current period											(1.650.645) (1.650.645)
Formed reserves											0
Liquidates reserves											0
Remainder on 31
December, 2014	6.962.173	0	0	0	0	290	0	0	173.772	(975.823)	6.160.412
Profit/loss not
acknowledged in
statement of profit
or loss and other											0
comprehensive
income
Authorized capital
difference, appeared
recalculating
authrorized capital	9.134										9.134
expressed in Lt into
EUR
Net profit / loss of
the current period										472.381	472.381
Formed reserves									173.772	(173.772)	0
Liquidates reserves									(173.772)	173.772	0
Remainder on 30	6.971.307	0	0	0	0	290	0	0	173.772	(503.442)	6.641.927
June, 2015

Chief accountant – chief of section of accounting and analysis Daiva Minkeviciene

Director Saulius Sidlauskas

CONSOLIDATED STATEMENT OF CASH FLOWS

Current period 01 01 2015 - 30 06 2015

	Formed in direct pattern, not audited		EUR
No.	Articles	Ist half of 2015	Ist half of 2014
I.	Primary activity currency circulation
I.1.	Earnings of report period (including VAT)	6.309.710	6.344.151
I.1.1.	Earnings from clients	6.127.831	6.293.370
I.1.2.	Other earnings	181.879	50.781
I.2.	Report period payouts	(6.458.434)	(6.060.654)
I.2.1.	Payouts to suppliers of products, raw materials and services(including VAT)	(5.062.667)	(4.888.621)
I.2.2.	Monetary payouts related to work relations	(1.236.678)	(1.107.345)
I.2.3.	Taxes paid to budget	(84.003)	(14.280)
I.2.4.	Other payouts	(75.086)	(50.408)
	Cash circulation of primary activity	(148.724)	283.497
II.	Currency circulation of investment activity
II.1.	Procurement of long-term assets (excluding investments)	(101.292)	(66.078)
II.2.	Transfer of long-term assets (excluding investments)	1.800	0
II.3.	Procurement of long-term investments	0	0
II.4.	Procurement of short-term investments	0	0
II.5.	Transfer of short-term investments	0	0
II.6.	Transfer of long-term investments	0	0
II.7.	Provision of loans	0	(1.448)
II.8.	Return of loans	0	43.443
II.9.	Received dividends	0	0
II.10.	Interest received for loans granted and investment	0	0
II.11.	Other currency circulation increases of investment activities	0	0
II.12.	Other currency circulation decreases of investment activities	0	0
	Cash circulation of investment activity	(99.492)	(24.083)
III.	Currency circulation of financial activity
III.1.	Currency circulation related to company owners	0	0
III.1.1.	Emission of shares	0	0
III.1.2.	Owners' contributions to loss reimbursements	0	0
III.1.3.	Procurement of own shares	0	0
III.1.4.	Payout of dividends	0	0
III.2.	Currency circulation related to other financial sources	(543)	(1.061)
III.2.1.	Increase of financial debts	0	0
	III.2.1.1. Receipt of loans from credit institutions	0	0
	III.2.1.2. Receipt of loans from associated and third parties	0	0
	III.2.1.3. Emission of bonds	0	0
III.2.2.	Reduction of financial debts	(626)	(1.078)
	III.2.2.1. Return of loans to credit institutions	0	0
	III.2.2.2. Return of loans to associated and third parties	0	0
	III.2.2.3. Procurement of own bonds	0	0
	III.2.2.4. Returned interests	(626)	(1.078)
	III.2.2.5. Leasing (financial rent) payments	0	0
III.2.3.	Interests received for bank accounts	83	17
III.2.4.	Increase of company's other liabilities	0	0
III.2.5.	Reduction of company's other liabilities	0	0
III.3.	Other increases of currency circulation of financial activity	1.039	25
III.4.	Other reductions of currency circulation of financial activity	(995)	(612)
	Cash circulation of financial activity	(499)	(1.648)
IV.	Impact of currency exchange rates to cash and equivalent currency
	remainder	2.131	(419)
V.	Net currency circulation increase (reduction)	(246.584)	257.347
VI.	Currency and currency equivalents at the beginning of the period	554.414	426.374
VII.	Currency and currency equivalents at the end of the period	307.830	683.721

Director Saulius Sidlauskas

Chief accountant – chief of section of accounting and analysis Daiva Minkeviciene

EXPLANATORY MEMORANDUM OF INTERIM CONSOLIDATED FINANCIAL STATEMENTS

30 June, 2015

1. General

The Linas company was launched in 1957. A public limited company Linas (further called the Company) was registered in 1993. The Company is the company of limited property liability. Company registration code is 1476 89083. Company is registered in Juridical body register, in the department of legal body registration in Public company Register center, Panevezys branch, the number of registration is 003429. 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 30th of June, 2015, 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.

Since January 1, 2015 the currency of financial statements of AB "Linas" group of companies is EUR.

According to Lithuanian Republic law of Eur establishment in Lithuanian Republic and acc.to Lithuanian Republic joint stock companies and closed joint stock companies authorized capital, and securities nominal value expression in Eur, and these companies regulations change order law, during the repeated ordinary general meeting of shareholders dated May 19, 2015, the shareholders of the Company confirmed that the Company's nominal value of one share is equal to 0,29 Eur, the Company's authorized capital is equal to 6.971.307,10 Eur. Changed regulations of the Company dated June 9, 2015 are registered in the juridical person register.

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. The Company's authorized capital article sum was expressed in Lt and recalculated into Eur, the nominal value of shares was recalculated. The appeared differences are recognized as financial and investment activity expenditures of accounting period which includes the date of EUR establishment.

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

On 30th of June, 2015 the average number of listed employees of the Group was 319, on 30th of June, 2014 – 314 employees.

The main Group activity is production of textile products and selling of it. AB Linas activity is sales of linen textile items; other activity of the company – management of financial asset (shares and lend loans), supply of thermal energy. Activity of UAB Lino apdaila is production of linen textile products.

Linas AB group of companies presents to the customer all yarn dyeing, weaving, finishing and sewing services from the linen yarn preparation for weaving to final product presentation. The main incomes of group of companies was received from the activity of textile goods production and sales during the 6 months of 2015. Linas AB group of companies sold linen textile goods and services for 5.996 thousand Eur during the 6 months of 2015. Comparing to the 6 months of 2014 the volume of sales increased by 75 thousand Eur or 1,3 %.

During the 6 months of 2015 the Group's typical activity result was 463 thousand Eur profit and the result of the 6 months of 2014 was 642 thousand Eur profit.

During the 6 months of year 2015 the Group was produced and technologicaly processed: linen and tow yarns – 39 tons (6 months of year 2014 – 32 tons); raw fabrics – 393 thousand mtrs (6 months of year 2014 – 365 thousand mtrs); ready made fabrics – 979 thousand mtrs (6 months of year 2014 – 1.049 thousand mtrs). 38,3 % of all produced fabrics were used for sewn items during 6 months of year 2015 (6 months of year 2014 – 34,6 %). The volume of exports during 6 months of 2015 was 85,8 % of the total product sales.

The results of the Group's typical activity of six months of year 2015 were determined by the increase of obtained raw materials prices and activity expenditures.

During six months of 2015 the Group received 472 thousand Eur profit before taxation, the result of the same period of 2014 was 639 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. For the insurance of credit sum the warranty for all credit sum and term is received from UAB "Lino apdaila". The validation term of account credit contract is till April 10, 2016. 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 October 07, 2015. Alternate interests are paid for used credit, which are accounted as six months term Eur EURIBOR plus bank margin.

AB "Linas" group of companies is able to join main values and high quality into their produced items and company's activity. The newest linen textile items or their collections of AB "Linas" group of companies are created considering coming season tendencies, stylistic trends, innovations of fashion and technologies. 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.

Group of companies develops and improves spheres of marketing and production, tries to increase sales volumes in local and foreign markets, decrease cost prices – tries to optimize production costs and to obtain cheaper raw materials. The Group is developing projects for creating new range of products, improving quality and reducing costs.

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).

Since January 1, 2015 changing national currency Lt into Eur, the accounting data expressed in Lt on December 31, 2014 of AB "Linas" group of companies are recalculated into accounting data expressed in Eur and transferred to January 1, 2015.

Since January 1, 2015 the accounting evaluation of long-term intangible, tangible assets was changed in AB "Linas" group of companies. In the Group it was set minimal obtaining (producing) cost price of long-term intangible, tangible assets – 900 Eur, because of national currency Lt change into Eur (recalculation of values, round) and that is why the accounted data of long-term assets up to January 1, 2015 are not changed because of insignificant difference of minimal values.

Accounting policy was not changed during the interim accounting period. The same accounting policy is applied to interim financial statements as to annual financial statements. Accounting policy applicable of the group of companies is more described in explanatory memorandum to the year of 2014 financial statements.

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. 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.

3.3. The information on Group's operating expenses (Table 5 "Operating expenses").

During the interim accounting period incurred 0,6 thousand Eur activity expenditures are concerned to Eur establishment – reorganization of payment systems, premiums to employees' salaries. During years 2014 and 2015 the Group incurred totally 3 thousand Eur general administration expenditures in concern to Eur establishment, and included reorganization of payment systems, adjustment of computerized systems and data conversion, premiums to employees' salaries, bank services.

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

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

When recalculating accounting data expressed in Lt into Eur the appeared discrepancy sum of 167 Eur was recognized as financial and investment activity incomes of interim accounting period and the expenditures of financial and investment activity was recognized 9.219 Eur, from which 9.134 Eur expenditures appeared because of recalculation of Company shares nominal value expressed in Lt into Eur and round and because of recalculation change of authorized capital value.

3.6. 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").

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

3.8. There are no significant events after last interim accounting period day.

						EUR
Indicators	Developmental works	Prestige	Patents, licenses	Software	Other intangible assets	Total
Residual value at the end of previous financial year			0	1.703	0	1.703
a) Procurement cost price of long-term intangible assets
At the end of previous financial year			0	72.908	1.296	74.204
Changes of financial year			0	0	0	0
· Procurement of assets			0	0	0	0
· Written-off property because of the accounting evaluation change (-)			0	0	0	0
· Assets, transferred to other individuals and discarded (-)			0	0	0	0
· Transcription from one article to another +/(-)			0	0	0	0
At the end of interim accounting period			0	72.908	1.296	74.204
b) Amortization
At the end of previous financial year			0	71.205	1.296	72.501
Changes of financial year			0	218	0	218
· Written-off property because of the accounting evaluation change (-)			0	0	0	0
· Financial year amortization			0	218	0	218
· Restorational records (-)			0	0	0	0
· Assets, transferred to other individuals and discarded (-)			0	0	0	0
· Transcription from one article to another +/(-)			0	0	0	0
At the end of interim accounting period			0	71.423	1.296	72.719
c) Residual value at the end of interim accounting period (a) - (b)			0	1.485	0	1.485

Linas AB, company code 147689083, S. Kerbedzio str. 23, Panevezys Interim consolidated financial statements of the six months of 2015 11

Table 1

CHANGES OF LONG-TERM INTANGIBLE ASSETS

								EUR
					Other
		Buildings	Machinery		equipment,	Other	Current
		and	and	Means of	appliances,	tangible	constru
Indicators	Land	structures	equipment	transport	instruments	assets	ction	Total
Residual value at the end of previous	0	3.254	466.257	27.204	20.701	0	0	517.416
financial year
a) Procurement of cost price long
term tangible assets
At the end of previous financial year	0	5.317	950.746	152.377	42.331	0		0 1.150.771
Changes of financial year	0	0	100.768	(1.629)	1.419	1.614	0	102.172
· Procurement of assets	0	0	100.768	109	1.419	1.614	0	103.910
· Written-off property because of the
accounting evaluation change (-)	0	0	0	0	0	0	0	0
· Assets, transferred to other
individuals and discarded (-)	0	0	0	(1.738)	0	0	0	(1.738)
· Transcription to short-time assets
+/(-)	0	0	0	0	0	0	0	0
· Transcription from one article to
another +/(-)	0	0	0	0	0	0	0	0
At the end of interim accounting
period	0	5.317	1.051.514	150.748	43.750	1.614		0 1.252.943
b) Revaluation
At the end of previous financial year	0	0	0	0	0	0	0	0
Changes of financial year	0	0	0	0	0	0	0	0
· Increase (decrease) of value +/(-)	0	0	0	0	0	0	0	0
· Assets, transferred to other
individuals and discarded (-)	0	0	0	0	0	0	0	0
· Transcription from one article to
another +/(-)	0	0	0	0	0	0	0	0
At the end of interim accounting
period	0	0	0	0	0	0	0	0
c) Depreciation (-)
At the end of previous financial year	0	2.063	484.489	125.173	21.630	0	0	633.355
Changes of financial year	0	332	82.507	1.156	3.502	0	0	87.497
· Written-off property because of the	0	0	0	0	0	0	0	0
accounting evaluation change (-)
· Depreciation of financial year	0	332	82.507	2.712	3.502	0	0	89.053
· Restorational records (-)	0	0	0	0	0	0	0	0
· Assets, transferred to other	0	0	0	(1.556)	0	0	0	(1.556)
individuals and discarded (-)
· Transcription from one article to	0	0	0	0	0	0	0	0
another +/(-)
At the end of interim accounting	0	2.395	566.996	126.329	25.132	0	0	720.852
period
d) Decrease of value
At the end of previous financial year	0	0	0	0	0	0	0	0
Changes of financial year	0	0	0	0	0	0	0	0
· Decrease of value of financial year	0	0	0	0	0	0	0	0
· Restoration records (-)	0	0	0	0	0	0	0	0
· Assets, transferred to other
individuals and discarded (-)	0	0	0	0	0	0	0	0
· Transcription from one article to
another +/(-)	0	0	0	0	0	0	0	0
At the end of interim accounting
period	0	0	0	0	0	0	0	0
e) Residual value at the end of interim
accounting period (a) + (b) - (c) - (d)	0	2.922	484.518	24.419	18.618	1.614	0	532.091

CHANGES OF LONG-TERM TANGIBLE ASSETS

INFOR		MATION ABOUT SEG							MENTS OF TEXTILE PRODUCTS PRODUCTION BUSINESS
											EUR
					Segments (production, goods, types of activity)
Indicators		Fabrics		Sewn products		Yarns		Production services		All enterprises
		of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half
	Income	2.862.370	3.137.282	2.734.654	2.399.395	37.397	38.477	361.548	345.721	5.995.969	5.920.875
	Cost price	1.828.751	1.928.983	2.042.028	1.757.992	37.371	32.856	153.989	162.947	4.062.139	3.882.778
Gross profit (losses)		1.033.619	1.208.299	692.626	641.403	26	5.621	207.559	182.774	1.933.830	2.038.097
Operating expenses										1.471.197	1.396.563
Profit (looses) on typical activity		1.033.619	1.208.299	692.626	641.403	26	5.621	207.559	182.774	462.633	641.534
		INFOR	MATION ABOUT GEOGRAPHICAL SEG				MENTS OF TEXTILE ITE			MS PRODUCTION			4 Table
													EUR
							Segments (regions)
Indicators		Scandinavian countries		European countries		USA		Lithuania		Other countries		All enterprises
		of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half	of 2015 Ist half	of 2014 Ist half
	Income	1.437.397	1.368.930	3.009.842	2.967.437	283.349	311.146	851.672	839.414	413.709	433.948	5.995.969	5.920.875

123.074

104.202

324.095

302.673

143.219

153.422

945.710

862.846

501.999

510.687

Profit (looses) on typical activity

3.882.778 2.038.097 1.396.563 641.534

4.062.139 1.933.830 1.471.197 462.633

310.874 123.074

309.507 104.202

515.319 324.095

548.999 302.673

167.927 143.219

129.927 153.422

2.021.727 945.710

2.146.996 862.846

866.931 501.999

926.710 510.687

Cost price

Gross profit (losses) Operating expenses

Table 3

OPERATING EXPENSES

			EUR
Run		st half I	st half I
No.	Indicators	of 2015	of 2014
1	Expenses on sales	364.041	332.074
1.1	Expenses on commissions	132.391	155.635
1.2	Expenses on transporting of sold production	55.996	50.546
1.3	Expenses on production advertising and fair	63.640	37.153
1.4	Expenses on sales number employees wage and other with employees related relations	87.180	65.233
1.5	Evaluate of customers creditworthiness and insurance costs of marketable credits	12.553	12.842
1.6	Other sales expenses	12.281	10.665
2	General and administration expenses	1.107.156	1.064.489
2.1	Expenses related with employees wage and other with employees related relations	517.793	472.708
2.2	Training costs of administration employees	2.912	5.977
2.3	Rent, exploitation and repairing expenses	449.208	450.941
2.4	Expenses of security services	21.722	22.446
2.5	Expenses of deterioration and amortization of non-current asset	24.204	26.957
2.6	Expenses of info technologies	13.849	17.009
2.7	Connection expenses	5.981	6.887
2.8	Expenses of bank services	2.964	2.646
2.9	Legal services expenses	6.090	5.701
2.10	Expenses of support provided	13.083	2.201
2.11	Expenses of social guarantees, stated in collective agreement	2.000	579
2.12	Representation expenses	5.058	4.402
2.13	Expenses of activity tax	5.036	4.604
2.14	Low-value assets acquisition expenses	3.005	10.340
2.15	Uncertain debts expenses	0	0
2.16	Various other general and administrative expenses	34.251	31.091
3	TOTAL EXPENSES OF ACTIVITY	1.471.197	1.396.563

OTHER (NON TYPICAL) ACTIVITY

			EUR
Run.No.	Indicators	st half I of 2015	st half I of 2014
1.	INCOME OF OTHER ACTIVITY - TOTAL	98.008	91.590
	Specification of significant amount:
	1.1. Profit of non-current asset transferring	1.618	0
	1.2. Income of various storages selling	54.675	53.526
	1.3. Income of rent	39.546	36.585
	1.4. Income for accounting and administration services	0	0
	1.5. Income for thermal heating supply	246	211
	1.6. Various other non-typical activity income	1.923	1.268
2.	EXPENSES OF OTHER ACTIVITY - TOTAL	96.078	91.697
	Specification of significant amount:
	2.1. Loss of non-current asset transferring		0
	2.2. Net cost of sold various storages	41.279	39.838
	2.3. Net cost of rent	21.988	19.478
	2.4. Costs for accounting and administration services	28.979	29.004
	2.5. Costs for thermal heating supply	3.703	3.274
	2.6. Various other non-typical activity expenses	129	103
3.	RESULTS OF OTHER ACTIVITY (1-2)	1.930	(107)

Table 7

FINANCIAL AND INVESTMENT ACTIVITY

			EUR
		st half I	st half I
Run.No.	Indicators	of 2015	of 2014
1.	FINANCIAL AND INVESTMENT ACTIVITY
	INCOME - TOTAL	18.670	116
	Specification of significant amount:
	1.1. Positive result of changes of currency exchange	928	0
	1.2. Income of bank interests	83	17
	1.3. Income of other interests	16.454	14
	1.4. Fines and penalties for the drawn debts	0	55
	1.5. Income of currency buying-selling	1.034	26
	1.6. Discrepancy sum appeared from the recalculating into EUR	167	0
	1.7. Income of other financial-investment activity	4	4
2.	FINANCIAL AND INVESTMENT ACTIVITY
	EXPENSES - TOTAL	10.852	2.124
	Specification of significant amount:
	2.1. Expenses of interest	626	1.078
	2.2. Fines and delay fees	7	82
	2.3. Negative result of changes of currency exchange	0	345
	2.4. Expenses of currency buying-selling	993	612
	Financial assets depreciation amounts (BUAB
2.5.	"Nordic investicija" and BUAB "Domus Palanga"	0	0
	financial debts)
	2.6. Discrepancy sum appeared from the recalculating
	into EUR	9.219	0
	2.7. Expenses of other financial-investment activity	7	7
3.	FINANCIAL AND INVESTMENT
	ACTIVITY RESULT (1-2)	7.818	(2.008)

EARNINGS (LOSS) PER SHARE

Run.	Indicators	GROUP
No.		st half of 2015 I	st half of 2014 I
1.	Weighted average number of ordinary shares	6.971.307	6.962.173
2.	Net profit (loss), in EUR	472.381	639.419
3.	Basic and diluted earnings (loss) per share, in EUR	0,07	0,09