Chimimport AD

Interim / Quarterly Report • Nov 28, 2024

Interim Consolidated Activity Report Interim Condensed Consolidated Financial Statements

CHIMIMPORT AD

30 September 2024

Contents

Page

Interim condensed consolidated statement of financial position
Interim condensed consolidated statement of comprehensive income	4
Interim condensed consolidated statement of changes in equity	5
Interim condensed consolidated statement of cash flows	8
Notes to the interim condensed consolidated financial statements	9

Interim condensed consolidated statement of financial position

	Notes	30.09.2024 BGN'000	31.12.2023 BGN'000
Assets
Property, plant and equipment Right of use assets Investment property Other intangible assets Deferred tax assets Investments accounted for using the equity method Loans and advances to bank customers	11 9 12	324 739 592 921 575 800 101 066 35 716 27 712 3 185 879	337 210 497 286 575 080 104 939 24 178 27 093 3 171 323
Financial assets at fair value through profit or loss Debt instruments at fair value through other	12	2 793 326	2 561 347
comprehensive income Equity instruments at fair value through other	12	764 218	602 152
comprehensive income	12	49 073	53 366
Other financial assets carried at amortized cost	13	2 663 623	2 260 094
Insurance contract assets		689	604
Reinsurance contract assets		77 794	66 910
Tax receivables		1 374	2 874
Other receivables		29 028	26 436
Inventories		68 416	59 105
Cash and cash equivalents		2 334 973	2 263 788
Total assets		13 626 347	12 633 785

Prepared by: __________________ /A. Kerezov/

Date: 28th November 2024

The accompanying notes on pages from 9 to 28 form an integral part of the interim condensed consolidated financial statements.

/M. Ivanov/

Executive director: __________________

2

Interim condensed consolidated statement of financial position (continued)

Equity and liabilities	Notes	30.09.2024 BGN'000	31.12.2023 BGN'000
Equity
Share capital	14	226 463	226 463
Share premium		246 309	246 309
Other reserves		405 792	345 477
Retained earnings		556 291	563 398
Profit for the period		72 197	59 112
Equity attributed to the shareholders of parent company		1 507 052	1 440 759
Non-controlling interests		366 635	345 130
Total equity		1 873 687	1 785 889
Liabilities Liabilities to depositors Other financial liabilities Payables to secured persons Pension and other employee obligations Deferred tax liabilities Insurance technical reserves	15 15	8 126 997 389 651 2 283 943 19 557 56 003 267 491	7 587 771 422 835 2 063 942 20 328 43 089 224 426
Liabilities to insurance and reinsurance contracts		4 417	3 489
Finance lease liabilities Tax liabilities Other liabilities		508 172 15 420 81 009	419 668 9 062 53 286
Total liabilities		11 752 660	10 847 896
Total equity, reserves and liabilities		13 626 347	12 633 785
Prepared by: ______ /A. Kerezov/		Executive director: ______ /M. Ivanov/
Date: 28th November 2024

Interim condensed consolidated statement of comprehensive income

	Notes	For six months 30.09.2024 BGN'000	For three months 30.09.2024 BGN'000	For six months 30.09.2023 BGN'000	For three months 30.09.2023 BGN'000
Income from non-financial activities		381 905	171 415	324 753	127 331
Change in the fair value of investment property		1 309	937	3 621	561
Gain on sale of non-current assets		2 353	34	234	3
Net result from non-financial activities		385 567	172 386	328 608	127 895
Insurance service result,net		26 483	9 119	35 255	19 671
Net expenses from reinsurance contracts held		(12 371)	(8 151)	(23 004)	(14 614)
Net result from insurance		14 112	968	12 251	5 057
Interest income		218 469	74 943	178 241	65 188
Interest expense		(29 916) 188 553	(8 828) 66 115	(23 699) 154 542	(7 612) 57 576
Net interest income Net result from transactions with
financial instruments		69 010	36 003	74 322	(12 617)
Other operating and administrative expenses		(523 024)	(222 429)	(481 572)	(189 252)
Share of profit from equity accounted investments		4 262	1 828	3 762	2 917
Other financial income		40 830	(3 409)	71 567	31 994
Allocation of income to secured persons		(74 626)	(29 571)	(92 986)	(10 700)
Profit before tax		104 684	21 891	70 494	12 870
Tax expense	16	(10 858)	(3 224)	(8 113)	(2 947)
Net profit for the period		93 826	18 667	62 381	9 923
Other comprehensive income
Revaluation of financial assets, net of taxes Total comprehensive income		(4 699) 89 127	(5 829) 12 838	20 302 82 683	(204) 9 719
Profit for the period attributable to:
the shareholders of Chimimport AD		72 197	11 826	43 635	3 852
non-controlling interests		21 629	6 841	18 746	6 071
Total comprehensive income attributable to:
the shareholders of Chimimport AD		66 293	5 287	56 029	3 725
non-controlling interests		22 834	7 551	26 654	5 994
Basic earnings per share in BGN	17	0.32	0.05	0.19	0.02
Prepared by: ______ /A. Kerezov/			Executive director: ______	/M. Ivanov/
Date: 28th November 2024

The accompanying notes on pages from 9 to 28 form an integral part of the interim condensed consolidated financial statements.

Interim condensed consolidated statement of changes in equity

All amounts are presented in BGN'000	Equity attributable to the shareholders of Chimimport AD Non-controlling					Total equity
	Share capital	Share premium	Other reserves	Retained earnings	Total	interests
Balance at 1 January 2024	226 463	246 309	345 477	622 510	1 440 759	345 130	1 785 889
Business combinations	-	-	-	-	-	(1 329)	(1 329)
Profit for the period	-	-	-	72 197	72 197	21 629	93 826
Other comprehensive income for the period	-	-	(5 904)	-	(5 904)	1 205	(4 699)
Total comprehensive income for the period	-	-	(5 904)	72 197	66 293	22 834	89 127
Profit distribution from previous years	-	-	66 219	(66 219)	-	-	-
Balance at 31 March 2024	226 463	246 309	405 792	628 488	1 507 052	366 635	1 873 687
Prepared by: ________ /A. Kerezov/ Date: 28th November 2024				Executive director: ______ /M. Ivanov/

The accompanying notes on pages from 9 to 28 form an integral part of the interim condensed consolidated financial statements.

Interim condensed consolidated statement of changes in equity

All amounts are presented in BGN'000	Share capital	Share premium	Other reserves	Equity attributable to the shareholders of Chimimport AD Retained earnings	Total	Non-controlling interest	Total equity
Balance at 1 January 2023	226 463	246 309	293 908	601 206	1 367 886	314 458	1 682 344
Business combinations	-	-	(220)	(451)	(671)	(1 680)	(2 351)
Transactions with owners	-	-	(220)	(451)	(671)	(1 680)	(2 351)
Profit for the year	-	-	-	59 112	59 112	23 109	82 221
Other comprehensive income	-	-	14 432	-	14 432	9 243	23 730
Total comprehensive income for the year	-	-	14 432	59 112	73 544	32 352	105 896
Transfer of retained earnings to other reserves	-	-	37 297	(37 297)	-	-	-
Change in specialized reserves	-	-	60	(60)	-	-	-
Balance at 31 December 2023	226 463	246 309	345 477	622 510	1 440 759	345 130	1 785 889
Prepared by: ________ /A. Kerezov/ Date: 28th November 2024				Executive director: ______	/M. Ivanov/

Interim condensed consolidated statement of cash flows

	30.09.2024	30.09.2023
	BGN'000	BGN'000
Proceeds from short-term loans	7 085	23 486
Payments for short-term loans	(14 649)	(11 840)
Proceeds from sale of short-term financial assets	365 226	185 691
Purchase of short-term financial assets	(565 810)	(336 479)
Cash receipt from customers	407 352	325 353
Cash paid to suppliers	(286 905)	(261 965)
Proceeds from secured persons	225 268	172 229
Payments to secured persons	(60 277)	(61 804)
Payments to employees and social security institutions	(113 491)	(101 373)
Cash receipts from banking operations	48 907 226	58 309 810
Cash paid for banking operations	(48 293 548)	(58 162 234)
Cash receipts from insurance operations	219 849	195 810
Cash paid for insurance operations	(143 794)	(141 778)
Income taxes paid	(8 968)	(877)
Other cash outflows	(24 662)	(13 954)
Net cash flow from operating activities	619 902	120 075
Investing activities
Dividends received	12 987	13 241
Sale of property, plant and equipment	3 487	682
Purchase of property, plant and equipment	(8 713)	(6 093)
Purchase of intangible assets	(721)	(703)
Sale of investment property	1 778	1 820
Purchase of investment property	(4 278)	(1 310)
Sale of non-current financial assets	2 256 934	820 104
Purchase of non-current financial assets	(2 780 982)	(1 017 248)
Interest payments received	39 875	27 146
Proceeds from loans granted	7 430	1 213
Payments for loans granted	(5 248)	(4 315)
Other cash outflows	159	(1 371)
Net cash flow from investing activities	(477 292)	(166 834)
Financing activities
Dividents paid	(1 329)	-
Proceeds from loans received	5 593	38 005
Payments for loans received	(35 891)	(50 820)
Interest paid	(1 997)	(7 334)
Payments for finance leases	(34 374)	(9 655)
Other cash outflows	(6 128)	(4 197)
Net cash flow from financing activities	(74 126)	(34 001)
Net change in cash and cash equivalents	68 484	(80 760)
Cash and cash equivalents, beginning of year	2 263 788	2 180 578
Exchange profit/(loss) on cash and cash equivalents	43	1 223
Cash and cash equivalents, end of the period	2 332 315	2 101 041

/A. Kerezov/

Date: 28th November 2024

Prepared by: __________________ Executive director: __________________

/M. Ivanov/

The accompanying notes on pages from 9 to 28 form an integral part of the interim condensed consolidated financial statements.

Notes to the interim condensed consolidated financial statements

1. Nature of operations

Chimimport AD was registered as a joint-stock company at Sofia city court on 24 January 1990. The address of the Company's registered office is 2 St. Karadja Str., Sofia, Bulgaria. The Company is registered on the Bulgarian Stock Exchange – Sofia on 30 October 2006. Chimimport AD (The Group) includes the parent company and all subsidiaries.

The Group is engaged in the following business activities:

• Acquisition, management and sale of shares in Bulgarian and foreign companies;
• Financing of companies in which interest is held;
• Bank services, finance, insurance and pension insurance;
• Securitization of real estate and receivables;
• Extraction of oil and natural gas;
• Construction of output capacity in the area of oil-processing industry, production of biodiesel and production of rubber items;
• Production and trading with oil and chemical products;
• Production of vegetable oil, purchasing, processing and trading with grain foods;
• Aviation transport and ground activities on servicing and repairing of aircrafts and aircraft engines;
• River and sea transport and port infrastructure;
• Commercial agency and brokerage;
• Commission, forwarding and warehouse activity.

The Company has a two-tier management structure consisting of a Supervisory Board and a Managing Board.

The members of the Supervisory Board are as follows:

Invest Capital AD CCB Group EAD Mariana Bazhdarova

The members of the Managing Board are as follows:

Alexander Kerezov Ivo Kamenov Marin Mitev Nikola Mishev Miroliub Ivanov Tzvetan Botev

.

The Company is represented by its executive director Miroliub Ivanov

2. Basis for the preparation of the interim condensed financial statements

These interim condensed consolidated financial statements as of 30 September 2024 have been prepared in accordance with IAS 34 "Interim Financial Reporting". They do not include all of the information and disclosures required in annual consolidated financial statements, and should be read in conjunction with the annual consolidated financial statements of the Company for the year ended 31 December 2023, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and approved by the European Union (EU). Investments in subsidiaries are accounted for and disclosed in accordance with IFR 10 "Consolidated Financial Statements".

Elements of the interim consolidated financial statement of the Group are in the currency of the primary economic environment in which the Group companies carry out their activities ("functional currency"). The interim consolidated financial statements are presented in BGN, which is the functional currency of the parent-company. This is the functional currency of the parent company and subsidiaries, exception from the subsidiaries operating in Germany, and Slovakia, whose functional currency is the euro, the subsidiaries operating in Macedonia, whose functional currency is the Macedonian denar and subsidiaries operating in Russia, whose functional currency is the Russian ruble. The currency of the Group is the BGN.

The interim condensed consolidated financial statements are presented in Bulgarian leva (BGN), which is also the functional currency of the Company. All amounts are presented in thousand Bulgarian leva (BGN'000) unless otherwise stated.

The interim condensed consolidated financial statements are prepared under the going concern principle.

3. Accounting policies and significant changes during the period

3.1. Accounting policy

These interim condensed consolidated financial statements (the interim consolidated financial statements) have been prepared in accordance with the accounting policies adopted in the last annual consolidated financial statements for the year ended 31 December 2023.

3.2. Estimates

When preparing the interim condensed consolidated financial statements management undertakes a number of judgements, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses.

The actual results August differ from the judgements, estimates and assumptions made by management, and will seldom equal the estimated results

In preparing these condensed interim consolidated financial statements, the significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the annual consolidated financial statements for the year ended 31 December 2023.

3.3. Financial risk management

The Group's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk.

The interim condensed consolidated financial statements do not include all financial risk management information and disclosures required in the annual consolidated financial statements; they should be read in conjuction with the annual financial statements as at 31 December 2023. There have been no changes in the risk management policies since year end.

4. Accounting estimates

For the purpose of preparing these interim condensed financial statements, management has applied accounting estimates and assumptions in the assessment of its assets, liabilities, income and expenses.

Actual results August differ from these estimates and management assumptions. Accounting estimates and assumptions applied in this interim condensed financial statements do not differ from the last annual financial statements of the Company as of 31 December 2023.

5. New standards, amendments and interpretations to existing standards that are effective for annual periods beginning on or after 1 January 2023

The Group has adopted the new accounting pronouncements which have become effective this year, and are as follows

Amendments to IFRS 3 Business Combinations, IAS 16 Property, Plant and Equipment IAS 37 Provisions, Contingent Liabilities and Contingent Assets effective from 1 January 2022 adopted by the EU

• FRS 3 Business Combinations – Update on references to the Conceptual Framework with amendments to IFRS 3 'Business Combinations' that update an outdated reference in IFRS 3 without significantly changing its requirements.

6. Standards, amendments and interpretations to existing standards that are not yet effective and have not been adopted early by the Company

At the date of authorisation of these consolidated financial statements, certain new standards, amendments and interpretations to existing standards have been issued, but are not effective or adopted by the EU for the financial year beginning on 1 January 2022 and have not been adopted early by the Group. Information on those expected to be relevant to the Group's consolidated financial statements is provided below.

Management anticipates that all relevant pronouncements will be adopted in the Group's accounting policies for the first period beginning after the effective date of the pronouncement.

IFRS 17 "Insurance Contracts" effective from 1 January 2023, adopted by the EU

IFRS 17 replaces for IFRS 4 "Insurance Contracts". It requires a current measurement model where estimates are remeasured each reporting period. Contracts are measured using the building blocks of:

• discounted probability-weighted cash flows;
• an explicit risk adjustment, and
• a contractual service margin ("CSM") representing the unearned profit of the contract which is recognised as revenue over the coverage period.

The standard allows a choice between recognising changes in discount rates either in the income statement or directly in other comprehensive income.

The new rules will affect the financial statements and key performance indicators of all entities that issue insurance contracts.

Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies effective from 1 January 2023, adopted by the EU

The entity is required to disclose its material accounting policy information instead of its significant accounting policies, the amendments clarify that accounting policy information August be material because of its nature, even if the related amounts are immaterial. The amendments clarify that accounting policy information is material if users of an entity's financial statements would need it to understand other material information in the financial statements and if the entity discloses immaterial accounting policy information, such information shall not obscure material accounting policy information.

Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates effective from 1 January 2023, adopted by the EU

The amendments introduced the definition of accounting estimates and included other amendments to IAS 8 to help entities distinguish changes in accounting estimates from changes in accounting policies.

The amendments will help companies:

• improve accounting policy disclosures so that they provide more useful information to investors and other primary users of the financial statements; and
• distinguish changes in accounting estimates from changes in accounting policies.

Amendments to IAS 1 Presentation of Financial Statements: Classification of Liabilities as Current or Non-current effective from 1 January 2023 not yet adopted by the EU

The amendments in Classification of Liabilities as Current or Non-current affect only the presentation of liabilities in the consolidated statement of financial position — not the amount or timing of recognition of any asset, liability, income or expenses, or the information that entities disclose about those items. They:

• clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period and align the wording in all affected paragraphs to refer to the "right" to defer settlement by at least twelve months and make explicit that only rights in place "at the end of the reporting period" should affect the classification of a liability;
• clarify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability; and
• make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services.

Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction effective from 1 January 2023 not yet adopted by the EU

An entity applies the amendments to transactions that occur on or after the beginning of the earliest comparative period presented. It also, at the beginning of the earliest comparative period presented, recognizes deferred tax for all temporary differences related to leases and decommissioning obligations and recognizes the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at that date.

Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 – Comparative Information effective from 1 January 2023 not yet adopted by the EU

The amendment is a transition option relating to comparative information about financial assets presented on initial application of IFRS 17. The amendment is aimed at helping entities to avoid temporary accounting mismatches between financial assets and insurance contract liabilities, and therefore improve the usefulness of comparative information for users of financial statements.

IFRS 17 and IFRS 9 Financial Instruments have different transition requirements. For some insurers, these differences can cause temporary accounting mismatches between financial assets and insurance contract liabilities in the comparative information they present in their financial statements when applying IFRS 17 and IFRS 9 for the first time.

The amendment will help insurers to avoid these temporary accounting mismatches and, therefore, will improve the usefulness of comparative information for investors. It does this by providing insurers with an option for the presentation of comparative information about financial assets.

IFRS 14 "Regulatory deferral accounts" effective from 1 January 2016, not adopted by the EU

IFRS 14, "Regulatory deferral accounts" permits first–time adopters to continue to recognise amounts related to rate regulation in accordance with their previous GAAP requirements when they adopt IFRS. However, to enhance comparability with entities that already apply IFRS and do not recognise such amounts, the standard requires that the effect of rate regulation must be presented separately from other items.

7. Risk management regarding financial instruments

The Company is exposed to various types of risks with respect to its financial instruments. The most significant financial risks to which the Company is exposed are market risk, credit risk and liquidity risk.

The interim condensed financial statements do not include all the information on risk management and disclosures required in the preparation of annual financial statements and should be read in conjunction with the annual financial statements of the Company as of December 31, 2023. The objectives and policies of the Company for capital management, credit and liquidity risk are described in the last annual financial statements. There were no changes in the risk management policy for financial instruments during the period.

8. Significant events and transactions during the reporting period

The economic environment in 2024 continued to be shaped by the military conflict in Ukraine.

The group has reviewed the exposure to increased credit risk in relation to business partners operating in the affected territories, including and from the sanctions imposed. The management of the Parent Company analyses all facts and circumstances regarding the current activity and operations with these counterparties. During the period, no additional credit losses related to this risk were recognized, which is due to the conservative approach laid down in the changes in the accounting policy of the Parent Company presented in 2022.

The conflict in the Middle East, which erupted in the last quarter of 2023, also brought some uncertainty. Given the Group's holding structure and its investments in the aviation sector, a preliminary review of the data for the fourth quarter of this segment was made, where the most - a large influence, but the results show that it can be considered insignificant. The management of the Airline, part of the group, is in constant contact with insurers and the civil aviation of Israel in order to follow the real situation in a timely manner, as those suspended on October 26, 2023 were resumed with the summer schedule, or from mid-April, 2024 .

Other influences could also be accounted for by the rise, albeit not at such a rapid pace, in prices and the rise in interest rates on loans, although for Bulgaria their rise was weaker compared to the international money market.

Year-on-year inflation at the global level has declined, with the main reason for this being the reported drop in crude oil and food prices. And this, in turn, led to assessments by the ECB and the Federal Reserve not to undertake changes in their monetary policies in the short term.

9. Investments accounted for using equity method

9.1. Investments in associates

The Group owns shares in the share capital of the following associated companies:

Name	30.09.2024 BGN'000	Share %	31.12.2023 BGN'000	Share %
Lufthansa Technik Sofia OOD	7 426	24.90%	8 880	24.90%
Swissport Bulgaria	6 221	49.00%	3 836	49.00%
Silver Wings Bulgaria Ltd.	3 554	42.50%	3 649	42.50%
VTC AD	6 025	41.00%	5 203	41.00%
Kavarna Gas OOD	535	35.00%	551	35.00%
Amadeus Bulgaria OOD	383	44.99%	512	44.99%
Dufry Sofia OOD	1 553	20.00%	1 300	20.00%
	25 697		23 931

Investments in associates are presented in the interim condensed consolidated financial statements of the Group using the equity method. Associates have a reporting date as at 30 September 2024.

9.2. Investments in joint ventures

The Group holds shares in the capital of these joint ventures:

Name	30.09.2024 BGN'000	Share %	31.12.2023 BGN'000	Share %
Nuance BG AD	1 436	50%	2 583	50%
Consortium Bulgaria Air-Direction	205	90%	205	90%
Consortium Bulgaria Air and Direction	76	70%	76	70%
Varna ferry OOD	-	50%	-	90%
Senshi Academy DZZD	298	70%	298	70%
	2 015		3 162

10. Segment reporting

The management responsible for making the business decisions determines the business segments on the grounds of the types of activities, the main products and services rendered by the Group. The activities of the Group are analyzed as a whole of business segments that August vary depending on the nature and development of a certain segment by considering the influence of the risk factors, cash flows, products and market requirements.

Each business segment is managed separately as long as it requires different technologies and resources or marketing approaches. The adoption of IFRS 8 had no influence on the identification of the main business segments of the Group in comparison with those determined in the last consolidated financial statements.

According to IFRS 8 the profits reported by segments are based on the information used for the needs of the internal management reporting and is regularly reviewed from those responsible for the business decisions.

According to IFRS 8 the Group applies the same evaluation policy as in the last consolidated financial statements.

The operating segments of the Group are as follows:

• Production and trade
• Finance sector
• Transport sector
• Real estate sector and engineering

Group transactions between segments are made under market conditions.

Information about the operating segments of the Group is summarized as follows:

Operating segments 30 September 2024	Transport	Financial sector	Production, trade and services	Real estate and engineering	Elimination	Consolidated
				sector
	BGN '000	BGN '000	BGN '000	BGN '000	BGN '000	BGN '000
Income from non-financial activities from external
customers	295 177	18 736	56 115	11 877		381 905
Change in fair value of investment property	-	1 309	-	-	-	1 309
Gain on sale of non-current assets	511	225	1 919	-	(302)	2 353
Inter-segment income from non-financial activities	6 352	1 140	11 365	2 601	(21 458)	-
Total income from non-financial activities	302 040	21 410	69 399	14 478	(21 760)	385 567
Insurance service result	-	26 483	-	-	-	26 483
Net expenses from reinsurance contracts held	-	(12 371)	-	-	-	(12 371)
Result from insurance	-	14 112	-	-	-	14 112
Interest income	565	222 282	5 035	210	(9 623)	218 469
Interest expenses	(20 856)	(11 390)	(5 602)	(1 691)	9 623	(29 916)
Result from interest	(20 291)	210 892	(567)	(1 481)	-	188 553
Gains from transactions with financial instruments	5 833	73 960	702	298	(11 783)	69 010
Other non - financial and administrative expenses	(272 142)	(159 535)	(63 619)	(10 351)	(17 377)	(523 024)
Net result from equity accounted investments in
associates	-	-	-	-	4 262	4 262
Other financial income/ expense	(8 466)	50 463	(323)	(158)	(686)	40 830
Loss for allocating insurance batches	-	(74 626)	-	-	-	(74 626)
Profit for the period before tax	6 974	136 676	5 592	2 786	(47 344)	104 684
Tax expenses	-	(10 384)	(386)	(88)	-	(10 858)
Net profit for the period	6 974	126 292	5 206	2 698	(47 344)	93 826

Operating segments 30 September 2024	Transport	Financial sector	Production, trade and services	Real estate and engineering sector	Elimination	Consolidated
	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000
Assets of the segment Investments accounted for using the equity	1 418 781	13 732 188	726 832	319 351	(2 598 517)	13 598 635
method	30 406	-	363	2	(3 059)	27 712
Total consolidated assets	1 449 187	13 732 188	727 195	319 353	(2 601 576)	13 626 347
Liabilities of the segment	1 010 644	11 239 734	277 145	124 819	(899 682,00)	11 752 660
Total consolidated liabilities	1 010 644	11 239 734	277 145	124 819	(899 682)	11 752 660

11. Property, plant and equipment

Property, plant and equipment of the Group include land, buildings, plant and equipment, vehicles, repairs of rented fixed assets, assets in process of acquisition, etc. presented in the consolidated interim financial statements as at 31 December, 2023. Their carrying amount can be analyzed as follows:

2024	Land	Building	Machines and equipment	Facilities and spare parts	Vehicles	Repairs of rented assets	Other	Assets in process of acquisition	Total
	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000	BGN'000
Balance at 1 January 2024 Additions:	51 542	124 099	191 015	32 580	176 010	26 278	95 210	52 790	749 524
- separately acquired	-	14	5 205	395	6 232	432	1 204	15 059	28 541
Disposals	(12)	(193)	(1 883)	(220)	(549)	-	(6)	(14 813)	(17 676)
Balance at 30 September 2024	51 530	123 969	194 337	32 755	181 799	26 710	96 408	53 036	760 544
Depreciation
Balance at 1 January 2024
Depreciation of disposed assets:	-	(45 100)	(147 824)	(27 354)	(113 125)	(22 959)	(55 952)	-	(412 314)
- from separately disposed	-	47	953	219	545	-	6	-	1 770
Depreciation for the year	-	(2 802)	(6 765)	(521)	(12 702)	(346)	(2 125)	-	(25 261)
Balance at 30 September 2024	-	(47 855)	(153 636)	(27 656)	(125 282)	(23 305)	(58 071)	-	(435 805)
Carrying amount at 30 September 2024	51 530	76 114	40 701	5 099	56 517	3 405	38 337	53 036	324 739

- as at 31 December 2023 2023	Land	Building	Machines and equipment	Facilities and spare	Vehicles	Repairs of rented	Other	Assets in process of	Total
	BGN'000	BGN'000	BGN'000	parts BGN'000	BGN'000	assets BGN'000	BGN'000	acquisition BGN'000	BGN'000
Balance at 1 January 2023 Additions:	51 665	123 629	195 875	33 572	151 352	28 101	84 412	53 939	722 545
	6	607	4 265	1 010	35 925	6	1 728	52 896	96 443
- separately acquired Disposals	(129)	(1 842)	(10 121)	(1 986)	(11 981)	(1 852)	(494)	(42 757)	(71 162)
- separately disposed Transfers	-	7	996	(16)	714	23	9 564	(11 288)	-
Revaluation	-	1 698	-	-	-	-	-	-	1 698
Balance at 31 December 2023	51 542	124 099	191 015	32 580	176 010	26 278	95 210	52 790	749 524
Depreciation Balance at 1 January 2023
Depreciation of disposed assets:	-	(41 717)	(148 770)	(27 820)	(101 839)	(24 362)	(53 202)	-	(397 710)
- from separately disposed	-	444	9 862	1 282	3 576	1 852	515	-	17 531
Depreciation for the year	-	(3 827)	(8 916)	(816)	(14 862)	(449)	(3 265)	-	(32 135)
Balance at 31 December 2023	-	(45 100)	(147 824)	(27 354)	(113 125)	(22 959)	(55 952)	-	(412 314)
Carrying amount at 31 December 2023	51 542	78 999	43 191	5 226	62 885	3 319	39 258	52 790	337 210

12. Financial assets

Amounts recognized in the interim condensed consolidated statement of financial position are attributable to the following categories of financial assets:

	30.09.2024 BGN '000	31.12.2023 BGN '000
Loans and advances to bank customers	3 185 879	3 171 323
Financial assets at fair value through profit or loss	2 793 326	2 561 347
Debt instruments measured at fair value through other comprehensive income	764 218	602 152
Equity instruments measured at fair value through other comprehensive income	49 073	53 366
	6 792 496	6 388 188

13. Other financial assets at amortized cost

Amounts recognized in the consolidated statement of financial position are attributable to other financial assets measured at amortized cost are as follows:

	30.09.2024 BGN '000	31.12.2023 BGN '000
Loans granted	207 478	210 687
Receivables under repurchase agreements	501 883	499 202
Debt instruments measured at amortized cost	1 928 650	1 548 256
Receivables from related parties	80 288	65 917
Trade receivables	126 007	104 432
Impairment loss	(180 683)	(168 400)
	2 663 623	2 260 094

14. Share capital

The share capital of Chimimport as at 30 September 2024 consists of 239 646 267 ordinary shares with a par value of BGN 1, including 13 182 738 ordinary shares acquired by companies of Chimimport Group. The shares of the Company are ordinary, registered and subject to unrestricted transfers and entitle 1 voting right and liquidation quota.

Shares issued and fully paid:	30.09.2024	31.12.2023
- beginning of the year	226 463 529	226 463 529
Shares issued and fully paid as at period end	226 463 529	226 463 529

The list of principle shareholders, holding shares /ordinary and preferred/ of the capital of Chimimport AD is presented as follows:

	30.09.2024 Number of ordinary shares	30.09.2024 %	31.12.2023 Number of ordinary shares	31.12.2023 %
Invest Capital AD	173 487 247	72.39%	173 487 247	72,39%
Other entities	46 938 785	19,59%	46 439 942	19,38%
Other individuals	19 220 235	8,02%	19 719 078	8,23%
	239 646 267	100.00 %	239 646 267	100,00%
Own shares held by subsidiaries
CCB Group AD	(1 296 605)	(0.54%)	(1 296 605)	(0.54%)
ZAD Armeec	(236 007)	(0.10%)	(236 007)	(0.10%)
POAD CCB - Sila	(8 782 426)	(3.66%)	(8 782 426)	(3.66%)
CCB Asset management EAD	(140 500)	(0.06%)	(140 500)	(0.06%)
Trans Intercar EAD	(2 200)	-	(2 200)	-
Omega Finance OOD	(2 725 000)	(1.14%)	(2 725 000)	(1.14%)
	(13 182 738)	(5 50%)	(13 182 738)	(5 50%)
Net number of shares	226 463 529		226 463 529

Withholding tax for dividends due from individuals and foreign legal entities, registered in countries that are not members of EU for 2024 and 2023 amounts to 5% and the tax is deducted from the gross amount of dividends.

15. Borrowings

Borrowings include financial liabilities as follows:

	30.09.2024 BGN'000	31.12.2023 BGN'000
Financial liabilities at fair value: Derivatives, held-for-trading Financial liabilities measured at amortized cost:	-	-
Liabilities to depositors	8 126 997	7 587 771
Bonds and debenture loan	60 006	73 816
Bank loans	76 678	94 134
Other borrowings	21 676	22 115
Deposits from banks	8 155	14 749
Cession liabilities	42 259	42 976
Liabilities under repurchase agreements	12 712	2 530
Trade obligations	101 000	99 416
Payables to related parties	67 165	73 099
Total carrying amount	8 516 648	8 010 606

During the period the Group of Chimimport received borrowings other than borrowings from banking activities under long-term and short-term loans agreements for cash at capital interest rates

16. Income tax expenses

Recognized tax expenses are based on management's best estimate of the expected annual tax rate. The tax rate, valid for 2024 is 10% corporate tax (the expected annual tax rate for the period ended on 31 December 2023 was 10%).

17. Earnings per shares

The basic earnings per share have been calculated using the net results attributable to shareholders of the Company as the numerator.

The weighted average number of shares (ordinary and preferred) used for the calculation of basic earnings per share as well as the net profit less the dividend expense to be distributed are as follows:

	30.09.2024	30.09.2023
Profit attributable to the shareholders (BGN)	72 197 000	43 635 000
Weighted average number of outstanding shares	226 463 529	226 463 529
Basic earnings per share (BGN per share)	0.32	0.19

18. Related party transactions

The Group's related parties include its owners, associates and key management personnel.

18.1. Transaction with owners

Sale of goods and services, interest income and other income	30.09.2024	30.09.2023
	BGN'000	BGN'000
- sale of services - interest income -others	8 66 1	6 66 -
Purchase of goods and services, interest expense and other expense
-purchase of services	(23)	(15)
-other expense	-	-
-interests expenses	(512)	(34)
18.2. Transaction with associates and other related parties under common control
Sale of goods and services, interest income and other income	30.09.2024	30.09.2023
	BGN'000	BGN'000
sale of finished goods
- associates and joint ventures	543	919
- other related parties outside the group	110	117

sale of goods

Sale of goods and services, interest income and other income	30.09.2024	30.09.2023
	BGN'000	BGN'000
- associates and joint ventures	49	215
- other related parties outside the group	504	716
sale of services
- associates and joint ventures	8 724	8 667
- other related parties outside the group	2 231	2 204
interest income
- associates and joint ventures	60	251
- other related parties outside the group	407	553
other income
- associates and joint ventures	62	35
- other related parties outside the group	295	1
Purchase of services and interest expense	30.09.2024	30.09.2023
	BGN'000	BGN'000
purchase of services
- associates and joint ventures	(8 477)	(7 885)
- other related parties	(5 467)	(4 141)
interest expense and other expenses
- associates and joint ventures	(236)	-
- other related parties joint ventures	(67)	(65)

18.3. Transaction with key managment personnel

Key management of the Group includes members of the Managing Board and Supervisory Board. Key management personnel remuneration includes the following expenses:

	30.09.2024	30.09.2023
	BGN'000	BGN'000
Short-term employee benefits:
Salaries, including bonuses	(126)	(126)
Social security costs	(12)	(12)
Total:	(138)	(138)
19. Related party balances
	30.09.2024	31.12.2023
	BGN'000	BGN'000
Non-current receivables from:
-owners	-	-
-associated enterprises	1 889	1 889
- other related parties	12 961	13 260
Total	14 850	15 149
Current receivables from:	30.09.2024 BGN'000	31.12.2023 BGN'000
- owners	3 457	3 426
- associates enterprises	3 836	1 444
- joint- ventures	1 516	4 397
- other related parties	57 606	41 501
Total	66 415	50 768
	30.09.2024	31.12.2023
	BGN'000	BGN'000
Non-current payables to:
-owners	4	-
-associates enterprises	10 567	7 375
-joint- ventures	1 502	1 777
- other related parties	9 058	7 562
Total	21 127	16 714

	30.09.2024	31.12.2023
	BGN'000	BGN'000
Current payables to:
- owners	30 538	31 585
- associates enterprises	5 717	10 309
- joint- ventures	2 784	167
- other related parties	15 427	14 324
Total	54 466	56 385

20. Post - reporting date events

From 30 th of June 2024 until 28th November 2024 there are no significant events that have occurred that are important for the development of the Group of Chimimport AD

21. Autoriazation of the interim condensed financial statements

The interim condensed consolidated financial statements as of 30 September 2024 (including comparatives) were approved for issue by the Managing board on 28th November 2024.