AD Plastik d.d. — Interim / Quarterly Report 2013

Oct 30, 2013

Management Interim Report of AD Plastik Group and the company AD Plastik Inc. Solin for the first nine months of 2013

Solin, October 2013

Contents

		page
	a) Managеment Interim Report of AD Plastik Group and the Company AD Plastik Inc. Solin for the period 01.01.-30.09.2013	2
	b) Financial reports of AD Plastik Group	5
1.	Balance sheet	7
2.	Profit and loss account	9
3.	Cash flow (indirect method)	11
4.	Report on changes to capital	12
	c) Financial reports of the Company AD Plastik Inc. Solin	13
5.	Balance sheet	15
6.	Profit and loss account	17
7.	Cash flow (indirect method)	18
8.	Report on changes to capital	19
	d) Statement of the person responsible for drafting the financial reports	20

a) Management Interim Report of AD Plastik Group and the Company AD Plastik Inc. Solin for the period 01.01.-30.09.2013

Financial results of the Group for the period 01.01.-30.09.2013

Indicator	01.01.- 30.09.2012.	01.01.- 30.09.2013.	Rate of change %
Sales revenue (thousands of HRK)	524.570	594.164	13,27%
Net profit (thousands of HRK)	37.184	23.527	-36.73%

In the reporting period AD Plastik Group achieved a sales revenue growth of 13,27%, compared to the same period of the previous year.

This year for AD Plastik Group was marked by a large number of development projects, therefore the revenue growth in the reporting period mostly refers to the revenue increase from development and tools and to the revenue increase on new locations.

With the aim of achieving a clearer picture on business of AD Plastik Group, we created an abbreviated consolidated profit and loss account of AD Plastik Group with the consolidated profit and loss account of affiliated companies Euro APS, Romania and FADP, Russia for the first nine months of 2012 and 2013, in which AD Plastik Group has 50%, that is 40% of ownership.

Table 2. Profit and loss account of AD Plastik Group with consolidation of correspondent part of
ownership in Euro APS and FADP for the first nine months of 2013 in thousands of HRK

	AD Plastik Group with
POSITIONS	consolidation of belonging	AD Plastik Group -
	part of ownershipin EURO	without consolidation
	APS and FADP	of associated companies
	01.09.-30.09.2012	01.09.-30.09.2013
OPERATING REVENUES	891.548	996.036
OPERATING EXPENSES	829.568	951.142
Material expenses	549.770	639.260
Staff costs	145.937	160.182
Amortization	52.871	50.435
Other expenses	80.990	101.265
FINANCIAL INCOME	20.347	3.864
FINANCIAL EXPENSES	18.463	19.890
TOTAL REVENUE	911.895	999.900
TOTAL EXPENSES	848.031	971.032
Profit before taxation	63.864	28.868
Profit tax	9.823	5.341
PROFIT FOR THE PERIOD	37.184	23.527

Below we are presenting the most important events in the reporting period of 2013 per companies of AD Plastik Group.

AD Plastik Inc., Solin

In the Parent company are continued the preparations for the project Edison in Croatia.The assembly of the new painting line is completed and the trial production began. Expansion work on the injection molding area in Zagreb started in the reporting period. Likewise, it is continued the expansion of injection molding capacity for the plants in Zagreb and Solin.

On the basis of realized investments in Croatia for the project Edison and according to the solution of Ministry of Economy, it is planned to use the reduced rates of income tax (from 20% to 0%), also in 2013.

At the General Assembly in July a decision on dividend payment was made in total amount of 8,00 HRK per share. In August the second part of dividend was paid to the shareholders of AD Plastik Group in the amount of 4,00 HRK per share,

In July, the company SG Plastik was liquidated.

ADP Mladenovac, Serbia

The preparations for industrialization of the new project of headliners for Edison were continued, and the activities are being realized in accordance with the scheduled plan. It was marked a sales decrease, compared to the planned one, on the program Fiat due to the line adaptation and the change in buyer's plans.

In the third quarter were made deals with Fiat for the production of grab handles for the buyer's plants in Italy and Serbia.

With Renault it was made a deal for the production of grab handles, with the start of production in 2014 and the deliveries in Valladolid, Spain.

ADP Kaluga, Russia

In Kaluga was completed the adaptation of the plant for injection molding.The deliveries to the buyer for this technology started at the beginning of July. During June in the plant was installed the equipment for the technology of blow molding for the project X52. The production for the technology of sun-visors started in September and the deliveries for the project X52 began.

In the third quarter with Renault Russia was made a deal for production of parts for interior and exterior for H79 Ph 2 with the deliveries in 2015.

ZAO PHR (ADP Togliatti, Russia)

On the russian market of new car sales there was a decrease in demand for new cars, which reflected on the business of the company. In the third quarter were completed the activities for the realization of the project X52, and the serial production started.

In the following period this project should ensure a stable growth. The organizational changes are in progress in order to optimize the costs of the company, incurred due to the production volume following and the acceptance of large number of projects.

In AD Plastik Group's business, mainly due to the weakening of the Russian ruble against the Euro, there is a risk of foreign exchange losses during the calculation of balance sheet items at the end of the year.

EURO APS, Romania

The achieved realization in the first nine months of this year is higher than the planned one, as the result of the good sales of the model Dacia Sandero. New models of Dacia are well accepted on the market, so the continuation of the full capacity in this company is expected also in the future period.

In the reporting period it was paid the correspondent part of the dividend, related to profit of 2012 in the amount of 23,10 milion HRK.

FADP Luga, Russia

The achieved sales realization in the first nine months of this year is lower than the planned one. In the second quarter FADP was nominated for the production of interior parts for the following Nissan vehicles (P32R (the new xtrail) & P32S (the new Qashqai) with the start of serial production in 2014 and 2015.

At the level of the AD Plastik Group in 2013 it is planned the completion of the majority of investments in Croatia and Russia. On the basis of existing buyers' plans we remain to the earlier estimate of revenue growth of 5% compared to the previous year.

On 30.09.2013 the Group had 2.790 employees, out of that 860 in the parent company AD Plastik Inc. Solin.

In the Group`s balance sheet positions relative to December 31st, 2012 the greatest changes were recorded in these positions:

• (AOP 017) Tangible assets in preparation (increase of 109,52 million HRK) due to the realization of investments;
• (AOP 049) Other receivables (increase of 34,94 million HRK) due to larger advance payment to suppliers of tools;
• (AOP 059) Prepayments and accrued income (increase of 50,03 million HRK) due to the higher investments in tools;
• (AOP 083) Long-term liabilities (increased for 138,43 milion HRK) for external financing for the realization of the investment cycle;
• (AOP 097) Liabilities for advances (increased for 30,79 million HRK) due to higher inflows from the buyer for tool producers advances;
• (AOP 098) Trade payables (increased for 31,61 milion HRK) due to the realization of investments the trade payables were increased;
• (AOP 106) Deferred payment of costs and future income (increased for 35,29 milion HRK) due to unbilled costs of the tool manufacturer.

Results of associated companies EAPS Romania and FADP Holding France are included in the Group result under the equity method.

b) Financial reports of AD Plastik Group

Appendix 1
	Reporting period:			01.01.2013.		till	30.09.2013.
						Quarterly Financial Report of the entrepreneur TFI-POD
	Register number (MB):		03440494
	Entity register number (MBS):		060007090
	Personal identification		48351740621
	number (PIN): Issuing company: AD PLASTIK d.d.
	Post code and place:		21210		SOLIN
	Street and house number: Matoševa 8
	E-mail address: adplastik@adplastik.hr
	Internet address: www.adplastik.hr
	Municipality/city code and	406	Solin
	name:
	County code and name:	17		Splitsko-dalmatinska			No. of employees:	2790
	Consolidated report:	YES					(at the end of the trimester) NCA code:	2932
	Names of consolidation subjects (according to IMSF):			Seat:		REG.NO.:
			AD PLASTIK d.d.			Solin, Croatia	03440494
ZAO PHR			Samara, Russian Federation			1036300221935
			AD PLASTIK d.o.o.	Novo Mesto, Slovenia		1214985000
			ZAO AD PLASTIK KALUGA	Kaluga, Russian Federation			1074710000320
				Solin, Croatia			02097974
			SG PLASTIK d.o.o.
			ADP d.o.o.			Mladenovac, Serbia	20787538
	Bookkeeping service:
	Contact person:	Marica Jakelić
						(only the name and surname of the contact person to be entered)
		Telephone: 021/206-660				Fax:	021/275-660
	E-mail address: marica.jakelic@adplastik.hr
	Name and surname: Katija Klepo
				(person authorised for representation)
Documentation for publishing:
							1. Financial statements (balance sheet, profit and loss statement, cash flow statement, changes in equity and notes to financial
	statements)
	2. Interim report, 3.Statement of the person responsible for compiling financial statements.
				Place of the seal			(signature of the person authorised for representation)

1. Balance sheet Assets

BALANCE SHEET
as at 30.09.2013.
Taxpayer: GROUP AD PLASTIK
ITEM	AOP
	ind.	Preceding year	Current year
1	2	3	4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001
B) FIXED ASSETS (003+010+020+029+033)	002	820.046.044	946.784.034
I. INTANGIBLE ASSETS (004 up to 009)	003	60.810.611	81.990.239
1. Development costs	004	44.057.692	64.376.736
2. Concessions, patents, licenses, trademarks, softwares and other rights	005	2.859.076	6.810.669
3. Goodwill	006
4. Advances for purchase of intangible assets	007
5. Intangible assets in preparation	008	12.091.745	9.349.194
6. 6. Other intangible assets	009	1.802.098	1.453.640
II. TANGIBLE ASSETS (011 up to 019)	010	597.798.038	704.484.795
1. Land	011	139.976.599	139.976.599
2. Buildings	012	231.738.664	230.320.534
3. Plants and machinery	013	154.541.151	152.461.474
4. Tools, plant & office inventory, furniture & transport means	014	15.792.174	16.543.711
5. Biological assets	015
6. Payments on account for tangible assets	016	3.724.237	3.640.731
7. Tangible assets in preparation	017
		52.025.213	161.541.746
8. Other tangible assets	018
9. Investment in real estate	019
III. FIXED FINANCIAL ASSETS (021 up to 028)	020	158.750.072	159.750.746
1. Shares in affiliated undertakings	021
2. Loans to affiliated undertakings	022
3. Participating interests (shares)	023	86.235.074	89.455.748
4. Given loans to companies in which exist participating interests	024	55.332.855	55.332.855
5. Investments in securities	025	63.855	63.855
6. Other loan, deposits etc	026	17.118.288	14.898.288
7. Other fixed financial assets	027
8. Investment stated in equity method	028
IV. RECEIVABLES (030 up to 032)	029	0	0
1. Receivables from associated undertakings	030
2. Receivables from sales on credit	031
3. Other receivables	032
V. DEFFERED TAX ASSETS	033	2.687.323	558.254
C) CURRENT ASSETS (035+043+050+058)	034	381.334.322	426.131.264
I. INVENTORY (036 up to 042)	035	83.985.115	90.483.585
1. Materials and supplies	036	54.085.388	57.977.847
2. Work in progress	037	1.999.734	2.709.131
3. Finished goods	038	11.622.054	9.634.219
4. Commercial goods	039	14.767.520	19.277.479
5. Advances for inventories	040	1.006.842	884.909
6. Long term assets held for sale	041	503.577
7. Biological assets	042
II. RECEIVABLES (044 up to 049)	043	264.336.788	288.032.931
1. Receivables from associated undertakings	044
2. Trade receivables	045	165.503.190	150.521.826
3. Receivables from participating companies	046	20.493.499	31.557.140
4. Receivables from employees and members of the business	047	987.605	1.317.502
5. Receivables from government and other institutions	048	35.062.034	27.401.858
6. Other receivables	049	42.290.460	77.234.605
III. CURRENT FINANCIAL ASSETS (051 up to 057)	050	20.452.674	18.556.743
1. Shares in affiliated undertakings	051
2. Loans to affiliates	052
3. Participating interests (shares)	053
4. Given loans to companies in which exist participating interests	054	18.546.823	18.546.823
5. Investments in to securities	055
6. Other loan, deposits etc	056
		1.905.851	9.920
7. Other financial assets	057
IV. CASH AT BANK AND IN HAND	058	12.559.745	29.058.005
D) PREPAYMENTA AND ACCRUED INCOME	059	102.495.507	152.525.326
E) TOTAL ASSETS (001+002+034+059)	060	1.303.875.873	1.525.440.624
F) OUT-OF-BALANCE ITEMS	061	14.375.219	15.468.732

LIABILITIES
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	714.629.506	695.140.038
I. SUBSCRIBED SHARE CAPITAL	063	419.958.400	419.958.400
II. CAPITAL RESERVES	064	183.549.251	183.508.469
III. RESERVES FROM GAIN (066+067-068+069+070)	065	20.873.657	37.351.691
1. Legal reserves	066	6.143.100	6.142.621
2. Reserves for own shares	067	4.276.231	4.723.853
3. Own stocks and shares (deductible item)	068	4.276.231	4.723.853
4. Statutory reserves	069	37.659	37.989
5. Other reserves	070	14.692.898	31.171.081
IV. REVALUATION RESERVES	071	10.185.353	10.185.353
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	24.029.382	20.593.846
1. Retained earnings	073	24.029.382	20.593.846
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	56.017.396	23.528.352
1. Current year profit	076	56.017.396	23.528.352
2. Current year loss	077
VII. MINOR INTEREST	078	16.067	13.927
B) PROVISIONS (080 up to 082)	079	11.373.629	9.706.076
1. Provisions for pensions, severance pay and similar obligations	080	2.497.550	1.232.966
2. Provisions for tax liabilities	081	346.972	322.561
3. Other provisions	082	8.529.107	8.150.549
C) LONG TERM LIABILITIES (084 up to 092)	083	201.689.845	340.118.866
1. Liabilities to related parties	084
2. Commitments for loans, deposits, etc	085		6.465.549
3. Liabilities to banks and other financial institutions	086	201.618.482	332.683.279
4. Liabilities for advances	087
5. Trade payables	088
6. Commitments on securities	089
7. Liabilities to companies in which are participating interests	090
8. Other long term liabilities	091
9. Deferred tax liabilities	092	71.363	970.038
D) SHORT TERM LIABILITIES (094 do 105)	093	374.465.948	443.470.621
1. Liabilities to related parties	094
2. Commitments for loans, deposits, etc	095
3. Liabilities to banks and other financial institutions	096	126.711.618	138.631.235
4. Liabilities for advances	097	98.538.857	129.323.572
5. Trade payables	098	123.492.269	155.100.597
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100	291.254	79.035
8. Liabilities towards employees	101	8.242.594	8.522.971
9. Liabilities for taxes, contributions and other benefits	102	10.631.598	11.314.185
10. Liabilities to share in the result	103	374.754	27.856
11. Amount based on fixed assets intended to sale	104
12. Other short-term liabilities	105	6.183.004	471.170
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	1.716.945	37.005.023
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.303.875.873	1.525.440.624
G) OUT-OF BALANCE ITEMS	108	14.375.219	15.468.732
ADDENDUM TO BALANCE SHEET( filled in by the entrepreneur compiling the consolidated annual financial statement)
A) CAPITAL AND RESERVES
1. Ascribed to the holders of the parent company capital	109	714.613.439	695.126.111
2. Ascribed to minority interest	110	16.067	13.927

2. Profit and loss account

in period from 01.01.2013. till 30.09.2013. PROFIT AND LOSS ACCOUNT

Taxpayer: GROUP AD PLASTIK
ITEM	AOP ind.	Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I. OPERATING TURNOVER (112+113)	111	539.366.005	148.408.567	608.573.611	205.060.699
1. Income from sales	112	524.570.829	144.071.991	594.164.377	200.954.427
2. Other operating income	113	14.795.176	4.336.576	14.409.234	4.106.272
II. OPERATING CHARGES (115+116+120+124+125+126+129+130)	114	513.078.012	149.959.457	604.199.211	205.696.425
1. Changes in the value of inventories of work in progress and finished goods	115	4.061.256	714.840	2.382.027	636.514
2. Material charges (117 up to 119)	116	321.444.378	87.529.127	403.663.290	141.966.021
a) Costs of raw materials and consumables	117	281.890.112	73.571.689	339.887.110	117.466.489
b) Costs of sales	118	351.521	-1.291	10.113.207	1.667.455
c) Other external charges	119	39.202.745	13.958.729	53.662.973	22.832.077
3. Staff costs (121 up to 123)	120	101.582.840	34.466.521	112.647.206	38.480.114
a) Salaries and wages	121	62.994.775	21.201.810	70.164.520	23.902.086
b) Costs of taxes and social security	122	21.118.274	7.058.532	22.271.425	7.731.881
c) Duties on wages	123	17.469.791	6.206.179	20.211.261	6.846.147
4. Depreciation	124	41.045.997	13.616.526	37.479.143	12.808.321
5. Other costs	125	30.443.333	9.788.386	44.083.093	10.423.610
6. Impairment (127+128)	126	0	0	0	0
a) fixed assets (excluding financial assets)	127
b) current assets (excluding financial assets)	128
7. Provisions	129
8. Other operating expenses	130	14.500.208	3.844.057	3.944.452	1.381.845
III. FINANCIAL INCOME (132 up to 136)	131	29.976.744	11.676.932	32.740.471	26.031.163
1. Interests, exchange rate differenc, dividends with affiliates	132	10.910.345	4.694.968	11.819.260	11.489.524
2. Interests, exch. rate differenc., dividends with non-affiliates	133	11.895.869	4.616.688	13.950.553	12.292.097
3. Part of income from affiliates and participated interests	134	7.150.133	2.366.145	6.970.658	2.249.542
4. Non-realized financial income	135
5. Other financial income	136	20.397	-869
IV. FINANCIAL CHARGES (138 up to 141)	137	36.394.157	13.308.117	39.887.800	29.068.017
1. Interests, exchange rate differenc, dividends with affiliates	138	8.572.967	2.919.610	11.708.259	11.366.122
2. Interests, exch. rate differenc., dividends with non-affiliates	139	27.821.190	10.388.507	28.179.541	17.701.895
3. Non-realized financial charges	140
4. Other financial charges	141
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142	24.543.421	6.902.986	26.330.501	9.170.172
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143	1.457.529	854.468
VII. EXTRAORDINARY – OTHER INCOME	144
VIII. EXTRAORDINARY – OTHER CHARGES	145
IX. TOTAL INCOME (111+131+142 + 144)	146	593.886.170	166.988.485	667.644.583	240.262.034
X. TOTAL CHARGES (114+137+143 + 145)	147	550.929.698	164.122.042	644.087.011	234.764.442
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	42.956.472	2.866.443	23.557.572	5.497.592
1. Profit before taxation (146-147)	149	42.956.472	2.866.443	23.557.572	5.497.592
2. Loss before taxation (147-146)	150	0	0	0	0
XII. PROFIT TAX	151	5.772.153	1.936.270	30.230	22.003
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	37.184.319	930.173	23.527.342	5.475.589
1. PROFIT FOR THE PERIOD (149-151)	153	37.184.319	930.173	23.527.342	5.475.589
2. LOSS FOR THE PERIOD (151-148)	154	0	0	0	0

2. Profit and loss account– extension

ADDENDUM TO ATS (filled in by the entrepreneur compiling the consolidated annual financial statement)
XIV. PROFIT OR LOSS FOR THE CURRENT PERIOD
1. Attributable to equity holders	155	37.178.882	928.504	23.528.352	5.475.818
2. Attributable to minority interests	156	5.437	1.669	-1.010	-229
Report for other comprehensive income (only for the taxpayer applying IFRS)
I. PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	37.184.319	930.173	23.527.342	5.475.589
II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	0	0	0	0
1. Exchange differences on translation of foreign operations	159
2. Movements in revaluation reserves of fixed and intangible assets	160
3. Profit or loss from revaluation of financial assets available for sale	161
4. Gains or losses on effective cash flow protection	162
5. Gains or losses on effective hedge of a net investment abroad	163
6. Share of other comprehensive income / loss of associated companies	164
7. Actuarial gains / losses on defined benefit plans	165
III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD	166
IV. OTHER COMPREHENSIVE NET PROFIT OR LOSS	167	0	0	0	0
V. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	37.184.319	930.173	23.527.342	5.475.589
ADDENDUM TO Report for other comprehensive income (filled in by the entrepreneur compiling the consolidated annual financial statement)
VI. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD
1. Attributable to equity holders	169	37.178.882	928.504	23.528.352	5.475.818
2. Attributable to minority interests	170	5.437	1.669	-1.010	-229

Taxpayer: GROUP AD PLASTIK AOP ITEM Preceding year Current year ind. 1 2 3 4 CASH FLOW FROM OPERATING ACTIVITIES 1. Profit before taxation 001 42.956.472 2. Depreciation 002 41.045.997 3. Increase of current liabilities 003 4. Decrease of current receivables 004 5. Decrease in stocks 005 6. Other increase of cash flow 63.838 006 I. Total increase of cash flow from operating activities (001 - 006) 007 84.066.307 1. Decrease of current liabilities 008 82.448.429 2. Increase of current receivables 009 19.949.741 85.053.799 3. Increase in stocks 010 12.409.153 6.498.470 4. Other decrease of cash flow 011 II. Total decrease of cash flow from operating activities (008 – 011) 012 114.807.323 91.552.269 A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 013 0 107.887.891 A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) 014 30.741.016 0 CASH FLOWS FROM INVESTMENT ACTIVITIES 1. Cash inflows from sale of fixed intangible and tangible assets 015 2. Cash inflows from sale of ownership and debt instruments 016 3. Cash inflows from interest 017 4. Cash inflows from dividends 018 16.709.482 11.327.837 5. Other cash inflows from investment activities 019 III. Total cash inflows from investment activities (015-019) 020 16.709.482 11.327.837 1. Cash expenditures for purchase of fixed tangible and intangible assets 021 84.383.810 165.345.528 2. Cash expenditures for acquisition of ownership and debt instruments 022 3. Other cash expenditures from investment activities 023 IV. Total cash expenditures from investment activities (021-023) 024 84.383.810 B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024) 025 0 B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020) 026 67.674.328 CASH FLOW FROM FINANCIAL ACTIVITIES 1. Cash inflows from issuing ownership and debt financial instruments 027 2. Cash inflows from credit principal, debentures, loans and other borrowings 028 178.405.236 3. Other inflows from financial activities 029 V. Total cash inflows from financial activities (027-029) 030 178.405.236 1. Cash expenditures for the payment of credit principal and debentures 031 2. Cash expenditures for the payment of dividends 032 33.849.849 3. Cash expenditures for financial lease 033 5.110.464 4. Cash expenditures for repurchase of own shares 034 5. Other cash expenditures from financial activities 035 37.452.670 VI. Total cash expenditures from financial activities (031-035) 036 76.412.983 C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036) 037 101.992.253 62.628.060 C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030) 038 0 Total cash flow increase (013-014+025-026+037-038) 039 3.576.909 16.498.260 Total cash flow decrease (014-013+026-025+038-037) 040 0 Cash and cash equivalents at the beginning of the period 041 7.512.287 12.559.745 Cash and cash equivalents increase 042 3.576.909 16.498.260 Cash and cash equivalents decrease 043 Cash and cash equivalents at the end of the period 044 11.089.196 29.058.005	CASH FLOW REPORT – Indirect method in period from 01.01.2013. till 30.09.2013.
			23.557.572
			37.479.143
			136.274.376
			2.129.069
			199.440.160
			165.345.528
			0
			154.017.691
			139.324.278
			139.324.278
			33.649.178
			43.047.040
			76.696.218
			0
			0

REPORT ON CHANGES TO CAPITAL
for period 1.1.2013 till 30.9.2013
Taxpayer: GROUP AD PLASTIK
ITEM	AOP ind.	Preceding year	Current year
1	2	3	4
1. Subscribed capital	001	419.958.400	419.958.400
2. Capital reserves	002	183.513.558	183.508.469
3. Reserves from profit	003	21.637.456	37.365.618
4. Retained profit or loss carried over	004	36.601.695	20.593.846
5. Current year profit or loss	005	37.178.882	23.528.352
6. Revalorisation of fixed material assets	006
7. Revalorisation of intangible assets	007
8. Revalorisation of financial assets available for sale	008
9. Other revalorisation	009	10.185.353	10.185.353
10. Total capital and reserves (AOP 001-009)	010	709.075.344	695.140.038
11.Exchange rate variations from net investments into foreign business operations	011
12.Current and deferred taxes (part)	012
13.Cash flow protection	013
14.Changes in bookkeeping policies	014
15.Correction of significant mistakes from the previous period	015
16.Other changes to capital	016
17. Total capital increase or decrease (AOP 011 - 016)	017	0	0
17a. Ascribed to holders of the holders company capital	018	709.058.433	695.126.111
17b. Ascribed to minority interest	019	16.911	13.927

c) Financial reports of the Company AD Plastik Inc. Solin

Appendix 1
	Reporting period:			01.01.2013.		till	30.09.2013.
						Quarterly Financial Report of the entrepreneur TFI-POD
	Register number (MB):		03440494
	060007090 Entity register number (MBS):
	48351740621 Personal identification
	number (PIN): Issuing company: AD PLASTIK d.d.
Post code and place: 21210				SOLIN
	Street and house number: MATOŠEVA 8
	E-mail address: adplastik@adplastik.hr
	Internet address: www.adplastik.hr
	Municipality/city code and	406	SOLIN
	name:
	County code and name:	17		SPLITSKO-DALMATINSKA			No. of employees:	860
							(at the end of the trimester)
	Consolidated report:	NO					NCA code:	2932
	Names of consolidation subjects (according to IMSF):				Seat:		REG.NO.:
	Bookkeeping service:
	Contact person: Marica Jakelić
		Telephone: 021/206-660				(only the name and surname of the contact person to be entered) Fax:	021/275-660
	E-mail address: marica.jakelic@adplastik.hr
Name and surname: Katija Klepo (person authorised for representation)
	Documentation for publishing:
1. Financial statements (balance sheet, profit and loss statement, cash flow statement, changes in equity and notes to financial
	statements) 2. Interim report,
	3.Statement of the person responsible for compiling financial statements.
				Place of the seal			(signature of the person authorised for representation)

E) TOTAL ASSETS (001+002+034+059)

F) OUT-OF-BALANCE ITEMS

AOP ind. Preceding year Current year 2 3 4 001 002 700.008.260 818.812.831 003 38.715.826 53.672.929 004 38.405.748 49.298.167 005 310.078 4.374.762 006 007 008 009 010 426.152.996 490.827.878 011 139.976.599 139.976.599 012 166.527.004 164.170.572 013 101.342.120 91.593.941 014 5.713.290 8.400.119 015 016 017 12.593.983 86.686.647 018 019 020 234.699.239 273.871.825 021 87.364.576 89.694.982 022 22.508.280 61.570.460 023 52.311.385 52.311.385 024 55.332.855 55.332.855 025 63.855 63.855 026 17.118.288 14.898.288 027 028 029 0 0 030 031 032 033 440.199 440.199 034 311.946.588 375.070.625 035 30.973.343 28.710.321 036 20.458.912 21.435.181 037 1.744.727 1.926.027 038 8.176.918 5.175.338 039 592.786 173.775 040 041 042 043 240.879.136 274.871.505 044 119.032.742 134.051.354 045 44.017.566 39.984.025 046 20.493.499 31.557.140 047 902.808 1.243.877 048 20.299.579 8.090.835 049 36.132.942 59.944.274 050 33.740.518 49.249.619 051 052 13.287.844 30.692.876 053 054 18.546.823 18.546.823 055 056 1.905.851 9.920 057 058 6.353.591 22.239.180 059 102.146.385 151.886.502 D) PREPAYMENTA AND ACCRUED INCOME 5. Investments in to securities 6. Other loan, deposits etc 7. Other financial assets IV. CASH AT BANK AND IN HAND 1. Shares in affiliated undertakings 2. Loans to affiliates 3. Participating interests (shares) 4. Given loans to companies in which exist participating interests 4. Receivables from employees and members of the business 5. Receivables from government and other institutions 6. Other receivables III. CURRENT FINANCIAL ASSETS (051 up to 057) II. RECEIVABLES (044 up to 049) 1. Receivables from associated undertakings 2. Trade receivables 3. Receivables from participating companies 4. Commercial goods 5. Advances for inventories 6. Long term assets held for sale 7. Biological assets I. INVENTORY (036 up to 042) 1. Materials and supplies 2. Work in progress 3. Finished goods 2. Receivables from sales on credit 3. Other receivables V. DEFFERED TAX ASSETS C) CURRENT ASSETS (035+043+050+058) 7. Other fixed financial assets 8. Investment stated in equity method IV. RECEIVABLES (030 up to 032) 1. Receivables from associated undertakings 3. Participating interests (shares) 4. Given loans to companies in which exist participating interests 5. Investments in securities 6. Other loan, deposits etc 9. Investment in real estate III. FIXED FINANCIAL ASSETS (021 up to 028) 1. Shares in affiliated undertakings 2. Loans to affiliated undertakings 5. Biological assets 6. Payments on account for tangible assets 7. Tangible assets in preparation 8. Other tangible assets 1. Land 2. Buildings 3. Plants and machinery 4. Tools, plant & office inventory, furniture & transport means BALANCE SHEET as at 30.09.2013. Taxpayer: AD Plastik d.d. ITEM 4. Advances for purchase of intangible assets 5. Intangible assets in preparation 1 ASSETS A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (003+010+020+029+033) 6. 6. Other intangible assets II. TANGIBLE ASSETS (011 up to 019) I. INTANGIBLE ASSETS (004 up to 009) 1. Development costs 2. Concessions, patents, licenses, trademarks, softwares and other rights 3. Goodwill

060 1.114.101.233 1.345.769.958 061 4.592.542 4.592.542

Balance sheet – Liabilities

LIABILITIES
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	678.808.628	679.450.875
I. SUBSCRIBED SHARE CAPITAL	063	419.958.400	419.958.400
II. CAPITAL RESERVES	064	183.075.797	183.075.797
III. RESERVES FROM GAIN (066+067-068+069+070)	065	20.821.750	37.299.933
1. Legal reserves	066	6.128.852	6.128.852
2. Reserves for own shares	067	4.334.167	4.723.853
3. Own stocks and shares (deductible item)	068	4.334.167	4.723.853
4. Statutory reserves	069
5. Other reserves	070	14.692.898	31.171.081
IV. REVALUATION RESERVES	071	10.185.353	10.185.353
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	0	0
1. Retained earnings	073
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	44.767.328	28.931.392
1. Current year profit	076	44.767.328	28.931.392
2. Current year loss	077
VII. MINOR INTEREST	078
B) PROVISIONS (080 up to 082)	079	9.658.648	7.937.501
1. Provisions for pensions, severance pay and similar obligations	080	2.200.995	779.872
2. Provisions for tax liabilities	081
3. Other provisions	082	7.457.653	7.157.629
C) LONG TERM LIABILITIES (084 up to 092)	083	110.180.134	252.859.822
1. Liabilities to related parties	084	11.004.034	11.004.034
2. Commitments for loans, deposits, etc	085
3. Liabilities to banks and other financial institutions	086	99.176.100	241.855.788
4. Liabilities for advances	087
5. Trade payables	088
6. Commitments on securities	089
7. Liabilities to companies in which are participating interests	090
8. Other long term liabilities	091
9. Deferred tax liabilities	092
D) SHORT TERM LIABILITIES (094 do 105)	093	313.797.876	368.559.426
1. Liabilities to related parties	094	21.858.372	11.504.605
2. Commitments for loans, deposits, etc	095
3. Liabilities to banks and other financial institutions	096	114.764.383	135.618.312
4. Liabilities for advances	097	92.422.532	112.305.970
5. Trade payables	098	75.832.705	100.893.652
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100	291.254	79.035
8. Liabilities towards employees	101	5.285.104	5.421.176
9. Liabilities for taxes, contributions and other benefits	102	2.968.772	2.708.820
10. Liabilities to share in the result	103	374.754	27.856
11. Amount based on fixed assets intended to sale	104
12. Other short-term liabilities	105
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	1.655.947	36.962.334
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.114.101.233	1.345.769.958
G) OUT-OF BALANCE ITEMS	108	4.592.542	4.592.542
ADDENDUM TO BALANCE SHEET( filled in by the entrepreneur compiling the consolidated annual financial statement)
A) CAPITAL AND RESERVES
1. Ascribed to the holders of the parent company capital	109
2. Ascribed to minority interest	110

6. Profit and loss account

PROFIT AND LOSS ACCOUNT
in period from 01.01.2013. till 30.09.2013.
Taxpayer: AD Plastik d.d.
ITEM	AOP ind.	Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I. OPERATING TURNOVER (112+113)	111	374.833.628	98.976.927	380.020.597	115.707.838
1. Income from sales	112	373.120.560	98.012.021	376.141.693	115.062.693
2. Other operating income	113	1.713.068	964.906	3.878.904	645.145
II. OPERATING CHARGES (115+116+120+124+125+126+129+130)	114	362.038.109	102.905.130	375.108.479	119.290.686
1. Changes in the value of inventories of work in progress and finished goods	115	2.955.484	-33.414	2.820.279	694.538
2. Material charges (117 up to 119)	116	238.916.838	64.879.725	209.665.541	40.611.917
a) Costs of raw materials and consumables	117	165.963.167	44.685.328	146.799.920	25.964.216
b) Costs of sales	118	47.058.750	12.783.591	36.726.374	7.334.490
c) Other external charges	119	25.894.921	7.410.806	26.139.247	7.313.211
3. Staff costs (121 up to 123)	120	67.339.192	21.220.744	67.179.424	23.753.709
a) Salaries and wages	121	40.403.515	12.732.446	40.307.654	14.252.226
b) Costs of taxes and social security	122	16.834.798	5.305.186	16.794.856	5.938.427
c) Duties on wages	123	10.100.879	3.183.112	10.076.914	3.563.057
4. Depreciation	124	29.202.309	9.588.020	22.132.611	7.482.835
5. Other costs	125	23.218.117	7.240.114	73.283.740	46.738.418
6. Impairment (127+128)	126	0	0	0	0
a) fixed assets (excluding financial assets)	127
b) current assets (excluding financial assets)	128
7. Provisions	129
8. Other operating expenses	130	406.169	9.941	26.884	9.270
III. FINANCIAL INCOME (132 up to 136)	131	46.320.737	5.003.104	47.673.619	17.106.300
1. Interests, exchange rate differenc, dividends with affiliates	132	2.989.294	851.814	6.949.235	4.656.336
2. Interests, exch. rate differenc., dividends with non-affiliates	133	8.289.582	1.785.145	10.643.899	9.044.931
3. Part of income from affiliates and participated interests	134	35.041.861	2.366.145	30.080.485	3.405.033
4. Non-realized financial income	135
5. Other financial income	136
IV. FINANCIAL CHARGES (138 up to 141)	137	19.375.167	5.395.330	23.654.345	15.993.849
1. Interests, exchange rate differenc, dividends with affiliates	138	2.542.229	984.866	3.955.792	3.337.919
2. Interests, exch. rate differenc., dividends with non-affiliates	139	16.832.938	4.410.464	19.698.553	12.655.930
3. Non-realized financial charges	140
4. Other financial charges	141
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143
VII. EXTRAORDINARY – OTHER INCOME	144
VIII. EXTRAORDINARY – OTHER CHARGES	145
IX. TOTAL INCOME (111+131+142 + 144)	146	421.154.365	103.980.031	427.694.216	132.814.138
X. TOTAL CHARGES (114+137+143 + 145)	147	381.413.276	108.300.460	398.762.824	135.284.535
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	39.741.089	-4.320.429	28.931.392	-2.470.397
1. Profit before taxation (146-147)	149	39.741.089	0	28.931.392	0
2. Loss before taxation (147-146)	150	0	4.320.429	0	2.470.397
XII. PROFIT TAX	151	2.788.639	1.110.406
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	36.952.450	-5.430.835	28.931.392	-2.470.397
1. PROFIT FOR THE PERIOD (149-151)	153	36.952.450	0	28.931.392	0
2. LOSS FOR THE PERIOD (151-148)	154	0	5.430.835	0	2.470.397

7. Cash flow (indirect method)

CASH FLOW REPORT – Indirect method
in period from 01.01.2013. till 30.09.2013.
Taxpayer: AD Plastik d.d.
ITEM	AOP ind.	Preceding year	Current year
1	2	3	4
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before taxation	001	39.741.089	28.931.392
2. Depreciation	002	29.202.309	22.132.611
3. Increase of current liabilities	003		88.346.789
4. Decrease of current receivables	004
5. Decrease in stocks	005	6.702.385	2.263.021
6. Other increase of cash flow	006
I. Total increase of cash flow from operating activities (001 - 006)	007	75.645.783	141.673.813
1. Decrease of current liabilities	008	38.334.454
2. Increase of current receivables	009	45.979.903	69.306.839
3. Increase in stocks	010
4. Other decrease of cash flow	011
II. Total decrease of cash flow from operating activities (008 – 011)	012	84.314.357	69.306.839
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	013	0	72.366.974
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	014	8.668.574	0
CASH FLOWS FROM INVESTMENT ACTIVITIES
1. Cash inflows from sale of fixed intangible and tangible assets	015
2. Cash inflows from sale of ownership and debt instruments	016
3. Cash inflows from interest	017	4.433.680	7.895.694
4. Cash inflows from dividends	018	16.709.480	11.327.837
5. Other cash inflows from investment activities	019
III. Total cash inflows from investment activities (015-019)	020	21.143.160	19.223.531
1. Cash expenditures for purchase of fixed tangible and intangible assets	021	22.071.684	101.764.595
2. Cash expenditures for acquisition of ownership and debt instruments	022
3. Other cash expenditures from investment activities	023
IV. Total cash expenditures from investment activities (021-023)	024	22.071.684	101.764.595
B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024)	025	0	0
B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020)	026	928.524	82.541.064
CASH FLOW FROM FINANCIAL ACTIVITIES
1. Cash inflows from issuing ownership and debt financial instruments	027
2. Cash inflows from credit principal, debentures, loans and other borrowings	028	90.425.747	87.998.001
3. Other inflows from financial activities	029
V. Total cash inflows from financial activities (027-029)	030	90.425.747	87.998.001
1. Cash expenditures for the payment of credit principal and debentures	031
2. Cash expenditures for the payment of dividends	032	33.849.849	33.649.178
3. Cash expenditures for financial lease	033	5.110.464
4. Cash expenditures for repurchase of own shares	034
5. Other cash expenditures from financial activities	035	39.856.826	28.289.144
VI. Total cash expenditures from financial activities (031-035)	036	78.817.139	61.938.322
C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036)	037	11.608.608	26.059.679
C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030)	038	0	0
Total cash flow increase (013-014+025-026+037-038)	039	2.011.510	15.885.589
Total cash flow decrease (014-013+026-025+038-037)	040	0	0
Cash and cash equivalents at the beginning of the period	041	1.187.681	6.353.591
Cash and cash equivalents increase	042	2.011.510	15.885.589
Cash and cash equivalents decrease	043
Cash and cash equivalents at the end of the period	044	3.199.191	22.239.180

8. Report on changes to capital

REPORT ON CHANGES TO CAPITAL
for period 1.1.2013 till 30.9.2013
Taxpayer: AD Plastik d.d.
ITEM	AOP ind.	Preceding year	Current year
1	2	3	4
1. Subscribed capital	001	419.958.400	419.958.400
2. Capital reserves	002	183.075.797	183.075.797
3. Reserves from profit	003	21.569.250	37.299.933
4. Retained profit or loss carried over	004	0	0
5. Current year profit or loss	005	36.952.450	28.931.392
6. Revalorisation of fixed material assets	006
7. Revalorisation of intangible assets	007
8. Revalorisation of financial assets available for sale	008
9. Other revalorisation	009	10.185.354	10.185.353
10. Total capital and reserves (AOP 001-009)	010	671.741.251	679.450.875
11.Exchange rate variations from net investments into foreign business	011
12.Current and deferred taxes (part)	012
13.Cash flow protection	013
14.Changes in bookkeeping policies	014
15.Correction of significant mistakes from the previous period	015
16.Other changes to capital	016
17. Total capital increase or decrease (AOP 011 - 016)	017	0	0
17a. Ascribed to holders of the holders company capital	018
17b. Ascribed to minority interest	019

d) Statement of the person responsible for drafting the financial reports

According to the best of my knowledge:

• 1. Unaudited financial reports of AD Plastik Group and the Company AD Plastik Inc. Solin for the period of 01.01. - 30.09.2013, have been prepared in accordance with the application of corresponding financial reporting standards, they give a complete and true view of the assets and liabilities, profit and loss, a financial position and business of the issuer and the companies included in the consolidation as a whole.
• 1. Managing report gives a true view of development of results and business and the position of the issuer and companies included in the consolidation, with the description of key risks and uncertainties to which the issuer and the company are exposed as a whole.
• 1. This report may contain certain statements concerning the future business of AD Plastik Group and the Company. The above forward-looking statements reflect the current views of the Company regarding future events and they are based on assumptions and they subject to risks and uncertainties. A large number of factors can cause that the actual results, performances or achievements of AD Plastik Group or the Company can be different from the results or performances expressed or implied in these forward-looking statements.