AB Akola Group

Annual / Quarterly Financial Statement • May 27, 2014

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

May 27, 2014

CONFIRMATION OF RESPONSIBLE PERSONS

Following 22 article of the Law of Securities of Lithuanian Republic and acc.to the requirements of the Board of Lithuanian Bank regulations for periodic and additional information submission and presentation, we, Martynas Jasinskas, director of Linas AB, and Daiva Minkevičienė, chief accountant – chief of section of accounting and analysis of Linas AB, hereby confirm that, to the best of our knowledge, interim consolidated financial statements of Linas AB Group of companies of the three months of 2014 prepared in accordance with International Financial Reporting Standards as adopted by the European Union.

The interim consolidated financial statements of the three months of 2014 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.

LINAS AB INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE THREE MONTHS OF 2014

2014 03 31

SUMMARY

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 IFRS, not audited Current period 01 01 2014 – 31 03 2014 LTL

No.	ASSETS	2014-03-31	2013-12-31
A.	Long-term assets	13.760.322	13.721.564
I.	Intangible assets	5	5
I.1.	Developmental works	0	0
I.2.	Prestige	0	0
I.3.	Patents, licenses	0	0
I.4.	Software	4	4
I.5.	Other intangible assets	1	1
II.	Tangible assets	2.156.391	2.117.483
II.1.	Land	0	0
II.2.	Buildings	0	0
II.3.	Structures	12.956	13.530
II.4.	Machinery and equipment	1.991.091	1.921.496
II.5.	Means of transport	52.174	71.110
	Other equipment, appliances, instruments and
II.6.	gear	74.965	75.645
II.7.	Constructions in progress	0	0
II.8.	Other tangible assets	25.205	35.702
III.	Investment property	0	0
IV.	Financial assets	11.596.907	11.597.057
	Investments to affiliates and associated
IV.1.	companies	0	0
IV.2.	Loans to affiliates and associated companies	0	0
IV.3.	Amounts received after one year	11.595.907	11.596.057
IV.4.	Other financial assets	1.000	1.000
V.	Other long-term assets	7.019	7.019
V.1.	Deferred corporation tax assets	7.019	7.019
V.2.	Other long-term assets	0	0
B.	Short-term assets	19.027.398	19.329.855
I.	Stocks, prepayments and contracts in	10.727.757	10.703.621
	progress
I.1.	Stocks	10.560.744	10.522.750
I.1.1.	Raw materials and consumables	5.160.227	5.673.595
I.1.2.	Work in progress	135.199	1.689
I.1.3.	Finished products	5.261.735	4.846.970
I.1.4.	Goods purchased for resale	3.583	496
I.1.5.	Other stocks	0	0
I.2.	Prepayments	167.013	180.871
I.3.	Contracts in progress	0	0
II.	Amounts receivable within one year	5.878.876	7.154.051
II.1.	Trade debtors	4.828.088	6.379.518
II.2.	Debts of affiliates and associated companies	0	0
II.3.	Other amounts receivable	1.050.788	774.533
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	2.420.765	1.472.183
	Total assets	32.787.720	33.051.419

No.	PRIVATE ASSETS AND LIABILITIES	2014-03-31	2013-12-31
C.	Private assets	25.347.897	24.762.229
I.	Capital	24.038.990	24.038.990
I.1.	Subscribed capital	24.038.990	24.038.990
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	2.704.899	2.704.899
III.1.	Obligatory	2.404.899	2.404.899
III.2.	For purchase of proprietary shares	0	0
III.3.	Other reserves	300.000	300.000
IV.	Profit (loss) brought forward	(1.395.992)	(1.981.660)
IV.1.	Profit (loss) of the current year	585.668	(2.509.976)
	Profit (loss) acknowledged in statement of
IV.1.1.	profit or loss and other comprehensive income	585.668	(2.509.976)
IV.1.2.	Profit (loss) not acknowledged in statement of	0	0
	profit or loss and other comprehensive income
IV.2.	Profit (loss) of the previous year	(1.981.660)	528.316
V.	Non-controlling interest	0	0
D.	Amounts payable and liabilities	7.439.823	8.289.190
I.	Amounts payable after one year and long term liabilities	431.499	431.499
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.	Grants, subsidies	0	0
I.3.	Debts to suppliers	0	0
I.4.	Received prepayments	73.739	73.739
I.5.	Suspensions	0	0
I.5.1.	Reimbursement of liabilities and demands	0	0
I.5.2.	Pensions and similar liabilities	0	0
I.5.3.	Other suspensions	0	0
I.6.	Suspended taxes	0	0
I.7.	Other amounts payable and long-term liabilities	357.760	357.760
II.	Amounts payable within one year and short-term liabilities	7.008.324	7.857.691
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	4.281.800	5.155.513
II.4.	Received prepayments	1.102.696	1.256.871
II.5.	Liabilities of income taxes	130.832	237.732
II.6.	Liabilities related to work relations	972.953	921.255
II.7.	Suspensions	0	0
II.8.	Other amounts payable and short-term	520.043	286.320
	liabilities
	Total proprietary capital and liabilities	32.787.720	33.051.419

Linas AB, company code 147689083, S. Kerbedzio str. 23, Panevezys Interim Consolidated financial statements of the three months of 2014 4

Director Martynas Jasinskas

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

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Formulated according to IFRS, not audited

	Current period 01 01 2014 – 31 03 2014		LTL
		01-03 months	01-03 months
No.	ARTICLES	of 2014	of 2013
I.	SALE INCOME	9.152.896	10.262.282
I.1.	Income for sold goods	8.538.822	9.468.692
I.2.	Income for sold services	614.074	793.590
II.	SALE COST PRICE	6.116.971	6.609.151
II.1.	Cost price of sold production	5.829.265	6.205.079
II.2.	Cost price of sold services	287.706	404.072
III.	GROSS PROFIT (LOSS)	3.035.925	3.653.131
IV.	OPERATING EXPENSES	2.434.552	3.326.239
IV.1	Sale	604.438	819.756
IV.2	General and administrative	1.830.114	2.506.483
V.	PROFIT (LOSS) OF STANDARD ACTIVITY	601.373	326.892
VI.	OTHER OPERATIONS	(12.372)	20.720
VI.1.	Income	127.960	152.064
VI.2.	Expenses	140.332	131.344
VII.	FINANCIAL AND INVESTMENT	(3.333)	19.779
	ACTIVITIES
VII.1.	Income	255	26.433
VII.2.	Expenses	3.588	6.654
VIII.	PROFIT (LOSS) FROM ORDINARY ACTIVITIES	585.668	367.391
IX.	PROFIT (LOSS) BEFORE TAXES	585.668	367.391
X.	PROFIT TAX	0	0
XI.	PROFIT (LOSS) BEFORE NON CONTROLLING INTEREST	585.668	367.391
XII.	NON-CONTROLLING INTEREST	0	0
XIII.	NET PROFIT (LOSS)	585.668	367.391
XIV.	OTHER COMPREHENSIVE INCOME	0	0
XV.	Earnings (loss) per share	0,02	0,02

Director Martynas Jasinskas

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

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Current period 01 01 2014 – 31 03 2014 LTL

					Revaluation		reserve (results) Law covered reserves	Other reserves
	Paid-up authorized capital	Additions to shares	Proprietary shares (-)	Long term tangible assets	Financial	assets Obligatory	Proprietary shares procure ment	Support reserves and other payouts according to collective agreement	Other reserves	Profit (loss) brought forward	Total
	1	2	3	4	5	6	7	8	9	10	11
Remainder on 31 December, 2012	24.038.990	0	0	0	0	212.087	0	0	200.000		2.821.128 27.272.205
Profit/loss not acknowledged in statement of profit or loss and other comprehensive income											0
Net profit / loss of the										367.391	367.391
current period Remainder on 31 March, 2013	24.038.990	0	0	0	0	212.087	0	0	200.000		3.188.519 27.639.596
Profit/loss not acknowledged in statement of profit or loss and other comprehensive income											0
Net profit / loss of the current period											(2.877.367) (2.877.367)
Formed reserves						2.192.812				300.000 (2.492.812)	0
Liquidates reserves									(200.000)	200.000	0
Remainder on 31 December, 2013	24.038.990	0	0	0		0 2.404.899	0	0		300.000 (1.981.660) 24.762.229
Profit/loss not acknowledged in statement of profit or loss and other comprehensive income											0
Net profit / loss of the current period										585.668	585.668
Remainder on 31 March, 2014	24.038.990	0	0	0		0 2.404.899	0	0		300.000 (1.395.992) 25.347.897

Director Martynas Jasinskas

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

CONSOLIDATED STATEMENT OF CASH FLOWS

Current period 01 01 2014 – 31 03 2014

	Formed in direct pattern, not audited		LTL
No.	Articles	01-03 months of 2014	01-03 months of 2013
I.	Primary activity currency circulation
I.1.	Earnings of report period (including VAT)	10.882.090	13.147.944
I.1.1.	Earnings from clients	10.864.093	12.950.034
I.1.2.	Other earnings	17.997	197.910
I.2.	Report period payouts	(9.722.204)	(11.785.199)
I.2.1.	Payouts to suppliers of products, raw materials and services(including VAT)	(7.768.410)	(9.599.734)
I.2.2.	Monetary payouts related to work relations	(1.860.040)	(2.062.753)
I.2.3.	Taxes paid to budget	(124)	(1.265)
I.2.4.	Other payouts	(93.630)	(121.447)
	Cash circulation of primary activity	1.159.886	1.362.745
II.	Currency circulation of investment activity
II.1.	Procurement of long-term assets (excluding investments)	(203.007)	(89.821)
II.2.	Transfer of long-term assets (excluding investments)	0	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	(5.000)	0
II.8.	Return of loans	0	11.704
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	(208.007)	(78.117)
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	(1.815)	(462.773)
III.2.1.	Increase of financial debts	0	916.101
	III.2.1.1. Receipt of loans from credit institutions	0	916.101
	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	(1.849)	(1.378.888)
	III.2.2.1. Return of loans to credit institutions	0	(1.151.436)
	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	(1.849)	(25.764)
	III.2.2.5. Leasing (financial rent) payments	0	(201.688)
III.2.3.	Interests received for bank accounts	34	14
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	0	1.497
III.4.	Other reductions of currency circulation of financial activity	(537)	(1.662)
	Cash circulation of financial activity	(2.352)	(462.938)
IV.	Impact of currency exchange rates to cash and equivalent currency	(945)	1.697
	remainder
V.	Net currency circulation increase (reduction)	948.582	823.387
VI.	Currency and currency equivalents at the beginning of the period	1.472.183	104.148
VII.	Currency and currency equivalents at the end of the period	2.420.765	927.535

Director Martynas Jasinskas

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

EXPLANATORY MEMORANDUM OF INTERIM CONSOLIDATED FINANCIAL STATEMENTS

31 March, 2014

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 31st of March, 2014, 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 24.038.990 Lt, it is divided into 24.038.990 ordinary registered shares the nominal value of which is 1 Lt, 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 31st of March, 2014 the average number of listed employees of the Group was 319, on 31st of March, 2013 – 319 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 3 months of 2014. Linas AB group of companies sold linen textile goods and services for 9.153 thousand Lt during the 3 months of 2014. Comparing to the 3 months of 2013 the volume of sales decreased by 1.109 thousand Lt or 10,8 %.

During the 3 months of 2014 the Group's typical activity result was 601 thousand Lt profit and the result of the 3 months of 2013 was 327 thousand Lt profit.

During the 3 months of year 2014 the Group was produced and technologicaly processed: linen and tow yarns – 14 tons (3 months of year 2013 – 20 tons); raw fabrics – 160 thousand mtrs (3 months of year 2013 – 153 thousand mtrs); ready made fabrics – 490 thousand mtrs (3 months of year 2013 – 530 thousand mtrs). 29,9 % of all produced fabrics were used for sewn items during 3 months of year 2014 (3 months of year 2013 – 31,4 %). The volume of exports during 3 months of 2014 was 85,5 % of the total product sales.

Group of companies linen textile items production and sales results for three-month of year 2014 are determined by reduced demand for linen textile items. The activity results of Group were also influenced by decreased operating expenses.

During the three months of 2014 Group earned 586 thousand Lt profit before taxation, the result of the same period of 2013 was 367 thousand Lt profit.

On 24 February, 2014 BUAB "Savoja" (company code 110650969) was removed from the Register of Legal Entities. The bankrupt company "Savoja" transferred claim rights on the debtor Linas AB 358 thousand Lt to UAB "Verslo dizainas" "(company code 302529076).

500 thousand Lt 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 5 mln Lt 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, 2014. Alternate interests are paid for used credit, which are accounted as three months term Lt VILIBOR plus bank margin.

Acc.to the financial obligations limit contract signed between the bank and AB "Linas" on 07 10 2013, the credit of 1.000 thousand Lt 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 5 mln.Lt. 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, 2014. Alternate interests are paid for used credit, which are accounted as six months term Lt VILIBOR plus bank margin.

AB "Linas" Group of companies long-lived experience, the ability to anticipate and reflect market trends and implementation of technological innovations led to a strong position in the textile market. Modern technologies used by the Group preserve the best quality of linen fiber, create exceptional combinations of elegance and functionality. 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 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, International Financial Reporting Standards (IFRS) which are accepted to apply in European Union (EU).

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 2013 financial statements.

3. Notes of the memorandum

3.1. The information about the changes Group's long-term tangible assets is presented in table 1.

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 2 and 3. It is impossible to attribute property and liabilities of the Group to abstracted segments.

3.3. The information on Group's operating expenses (Table 4 "Operating expenses").

3.4. The information on the cost and revenues of other (non typical) activity of the Group (Table 5 "Other (non typical) activity").

3.5. Financial and investment activity of the Group, revenues and costs shown by material items in table 6 "Financial and investment activity".

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 7 "Earnings (loss) per share").

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

3.8. Significant events after last interim accounting period day.

On 26 May, 2014 the Board of AB "Linas" has cancelled director of AB "Linas" Martynas Jasinskas from the position since 31st May, 2014, by the agreement of both parties. Ramūnas Lenčiauskas is appointed director of AB "Linas".

CHANGES OF LONG-TERM TANGIBLE ASSETS

								LTL
Indicators	Land	Buildings and structures	Machinery and equipment	Means of transport	Other equipment, appliances, instruments	Other tangible assets	Current constru ction	Total
Residual value at the end of previous
financial year	0	13.530	1.921.496	71.110	75.645	35.702	0	2.117.483
a) Procurement of cost price long-term
tangible assets
At the end of previous financial year	0	18.360	3.041.249	457.554	127.542	35.702	0	3.680.407
Changes of financial year	0	0	203.681	0		4.537 (10.497)	0	197.721
· Procurement of assets	0	0	167.979	0	4.537	25.205	0	197.721
· Written-off property because of the	0	0	0	0	0	0	0	0
accounting evaluation change (-)
· Assets, transferred to other individuals and discarded (-)	0	0	0	0	0	0	0	0
· Transcription to short-time assets +/(-)	0	0	0	0	0	0	0	0
· Transcription from one article to another	0	0	35.702	0		0 (35.702)	0	0
+/(-)
At the end of interim accounting period	0	18.360	3.244.930	457.554	132.079	25.205	0	3.878.128
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	0	0	0	0	0	0	0	0
and discarded (-)
· 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	4.830	1.119.753	386.444	51.897	0	0	1.562.924
Changes of financial year	0	574	134.086	18.936	5.217	0	0	158.813
· Written-off property because of the accounting evaluation change (-)	0	0	0	0	0	0	0	0
· Depreciation of financial year	0	574	134.086	18.936	5.217	0	0	158.813
· Restorational records (-)	0	0	0	0	0	0	0	0
· Assets, transferred to other individuals	0	0	0	0	0	0	0	0
and discarded (-)
· Transcription from one article to another +/(-)	0	0	0	0	0	0	0	0
At the end of interim accounting period	0	5.404	1.253.839	405.380	57.114	0	0	1.721.737
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	0	0	0	0	0	0	0	0
and discarded (-)
· 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	0	12.956	1.991.091	52.174	74.965	25.205	0	2.156.391
accounting period (a) + (b) - (c) - (d)

Indicators	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03
	months	months	months	months	months	months	months	months	months	months
	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013
Income	5.312.149	5.877.037	3.167.663	3.537.017	59.010	54.638	614.074	793.590	9.152.896	10.262.282
Cost price	3.434.059	3.652.340	2.347.477	2.498.418	47.729	54.321	287.706	404.072	6.116.971	6.609.151
Gross profit (losses)	1.878.090	2.224.697	820.186	1.038.599	11.281	317	326.368	389.518	3.035.925	3.653.131
Operating expenses									2.434.552	3.326.239
Profit (losses) on typical activity	1.878.090	2.224.697	820.186	1.038.599	11.281	317	326.368	389.518	601.373	326.892
												3 Table
	INFOR			MATION ABOUT GEOGRAPHICAL SEG			MENTS OF TEXTILE ITE		MS PRODUCTION			LTL
					Segments (regions)
	Scandinavian countries		European countries		USA		Lithuania		Other countries		All Enterprises
Indicators	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03	01-03
	months	months	months	months	months	months	months	months	months	months	months	months
	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013	of 2014	of 2013
Income	2.040.048	3.465.075	4.382.717	4.350.428	486.202	646.200	1.329.840	1.177.936	914.089	622.643	9.152.896	10.262.282
Cost price	1.348.376	2.264.788	2.985.099	2.824.684	246.438	319.317	842.834	740.100	694.224	460.262	6.116.971	6.609.151

INFORMATION ABOUT SEGMENTS OF TEXTILE PRODUCTS PRODUCTION BUSINESS

Segments (production, goods, types of activity)

Table 2

LTL

All Enterprises

Production services

Yarns

Sewn products

Fabrics

326.892

601.373

162.381

219.865

437.836

487.006

326.883

239.764

1.525.744

1.397.618

1.200.287

691.672

activity

3.653.131 3.326.239

3.035.925 2.434.552

162.381

219.865

437.836

487.006

326.883

239.764

1.525.744

1.397.618

1.200.287

691.672

Gross profit (losses) Operating expenses Profit (losses) on typical

Table 4

OPERATING EXPENSES

			LTL
Run		01-03 months	01-03 months
No.	Indicators	of 2014	of 2013
1	Expenses on sales	604.438	819.756
1.1	Expenses on commissions	283.272	448.379
1.2	Expenses on transporting of sold production	93.282	77.658
1.3	Expenses on production advertising and fair	87.634	85.208
1.4	Expenses on sales number employees wage and other with employees related relations	107.346	158.036
1.5	Evaluate of customers creditworthiness and insurance costs of marketable credits	22.231	42.084
1.6	Other sales expenses	10.673	8.391
2	General and administration expenses	1.830.114	2.506.483
2.1	Expenses related with employees wage and other with employees related relations	813.700	918.991
2.2	Training costs of administration employees	2.934	15.600
2.3	Rent, exploitation and repairing expenses	771.286	1.361.673
2.4	Expenses of security services	39.500	42.000
2.5	Expenses of deterioration and amortization of non-current asset	46.480	51.373
2.6	Expenses of info technologies	28.966	41.030
2.7	Connection expenses	13.576	13.677
2.8	Expenses of bank services	3.730	6.430
2.9	Legal services expenses	6.325	5.516
2.10	Expenses of support provided	2.000	0
2.11	Expenses of social guarantees, stated in collective agreement	0	0
2.12	Representation expenses	6.250	7.216
2.13	Expenses of activity tax	10.951	3.583
2.14	Low-value assets acquisition expenses	19.766	4.130
2.15	Uncertain debts expenses	0	0
2.16	Provisioning costs	0	0
2.17	Various other general and administrative expenses	64.650	35.264
3	TOTAL EXPENSES OF ACTIVITY	2.434.552	3.326.239

Table 5

OTHER (NON TYPICAL) ACTIVITY

			LTL
		01-03	01-03
Run.No.	Indicators	months of 2014	months of 2013
1.	INCOME OF OTHER ACTIVITY - TOTAL	127.960	152.064
	Specification of significant amount:
	1.1. Profit of non-current asset transferring	0	0
	1.2. Income of various storages selling	58.436	76.338
	1.3. Income of rent	66.915	72.226
	1.4. Income for accounting and administration services	0	0
	1.5. Income for thermal heating supply	695	1.097
	1.6. Various other non-typical activity income	1.914	2.403
2.	EXPENSES OF OTHER ACTIVITY - TOTAL	140.332	131.344
	Specification of significant amount:
	2.1. Loss of non-current asset transferring	0	0
	2.2. Net cost of sold various storages	49.171	41.752
	2.3. Net cost of rent	33.674	37.839
	2.4. Costs for accounting and administration services	50.072	50.072
	2.5. Costs for thermal heating supply	7.174	1.096
	2.6. Various other non-typical activity expenses	241	585
3.	RESULTS OF OTHER ACTIVITY (1-2)	(12.372)	20.720

Table 6

FINANCIAL AND INVESTMENT ACTIVITY

			LTL
		01-03	01-03
		months	months
Run.No.	Indicators	of 2014	of 2013
1.	FINANCIAL AND INVESTMENT ACTIVITY
	INCOME - TOTAL	255	26.433
	Specification of significant amount:
1.1.	Positive result of changes of currency exchange	0	13.214
1.2.	Income of bank interests	34	14
1.3.	Income of other interests	29	0
1.4.	Fines and penalties for the drawn debts	191	0
1.5.	Profit of incorporated activity	0	0
1.6.	Income of loans provided by the revaluation	0	11.704
1.7.	Income of currency buying-selling	0	1.497
1.8.	Income of other financial-investment activity	1	4
2.	FINANCIAL AND INVESTMENT ACTIVITY
	EXPENSES - TOTAL	3.588	6.654
	Specification of significant amount:
2.1.	Expenses of interest	1.849	4.887
2.2.	Fines and delay fees	310	56
2.3.	Negative result of changes of currency exchange	884	0
2.4.	Expenses of currency buying-selling	536	1.707
2.5.	Expenses of loans provided by the revaluation	0	0
	Financial assets depreciation amounts (BUAB
2.6.	"Nordic investicija" financial debts)	0	0
2.7.	Expenses of other financial-investment activity	9	4
3.	FINANCIAL AND INVESTMENT
	ACTIVITY RESULT (1-2)	(3.333)	19.779

Table 7

EARNINGS (LOSS) PER SHARE

		GROUP
Run. No.	Indicators	01-03 months of 2014	01-03 months of 2013
1.	Weighted average number of ordinary shares	24.038.990	24.038.990
2.	Net profit (loss), in LTL	585.668	367.391
3.	Basic and diluted earnings (loss) per share, in LTL	0,02	0,02