AD Plastik d.d. — Interim / Quarterly Report 2015

Oct 30, 2015

Inter-report from the management of Group AD Plastik Plc. Solin for the first nine months of 2015

Solin, October, 2015

CONTENTS

Reports from the management of Group AD Plastik and the Company AD Plastik Plc. Solin for the period 01.01.-30.09.2015.

- Sales, EBITDA and net profit	5
- Comment from Mr.Marinko Došen, President of the Board	6
- Financial results from the first nine months	7
- Income from sales on sales markets of ADP Group, without joint companies	9
- ADP Group with consolidated pertaining ownership parts in joint companies	10
- State on the market in the first nine months of 2015.	12
- Changes on balance positions	13

Financial reports of Group AD Plastik

- Balance	14
- Profit and loss account	17
- Cash flow (indirect method)	19
- Report on changes to capital	20

Financial reports of the Company AD Plastik

- Balance	22
- Profit and loss account	25
- Cash flow (indirect method)	27
- Report on changes to capital	28

Statement of the management on responsibilities 29

Report from the management of Group AD Plastik and Company AD Plastic Plc. Solin

for the period 01.01.-30.09.2015.

Sales, EBITDA and net profit

Income from sales in the amount of 761,7 million kunas + 25% in relation to the first nine months of 2014. Income before interest, taxes and amortization (EBITDA) of 87,7 million kunas +121% in relation to the first nine months of 2014. Net profit of 32,3 million kunas + 549% in relation to the first nine months of 2014.

Comment of Mr. Došen, President of the Board

This year we have made a significant change in the management of operative business activities where we gave great attention to the management of costs and investments which will be done in the future as well. The results of this are the achievement of the planned improved profitability in this year and satisfactory financial results in the first nine months of the current year. The realization of the project EDISON, where over 150 million kunas were invested, is the primary reason for the double-digit income growth from sales in Croatia and Serbia in relation to the same period last year.

These results give us reason for optimism, but due to the complicated situation in Russia and the unpredictable market, we need to be very careful and rational in the management of costs of the company.

The focus of business activities will be to continue to growth on the existing markets and the management of operative and financial risks, the optimization of business activities, the sustainability of liquidity and the management of financial obligations.

Financial results in the first nine months

In the report period of AD Plastik Group, which consists of AD Plastik Plc. Croatia, ADP Ltd. Serbia, AD Plastik Ltd. Slovenia, AO AD Plastik, Russia, ZAO ADP Plastik Kaluga, Russia (hereinafter ADP Group) marked a growth of sales income of 25% and a growth of EBITDA of 121% in relation to the same period last year.

The results of the first nine months of 2015. is a continuance of positive trends started in the first half of the year and we will remain with the earlier set goals for the current year, meaning a growth of income on the level of ADP Group of a minimum of 12% and in Croatia over 25%.

Key indicators	9M2015	9M2014	9M2015 /9M2014
Income from sales (in thous. kn)	761.698	608.100	125
EBITDA (in thous. kn)	87.705	39.648	221
Net profit (in thous. kn)	32.300	4.973	649

The main influences on the increase of profitability of ADP Group in the reviewed period are the improvements in total cost efficiency, the growth of income from sales and the growth of the usability of the capacities in Croatia and Serbia.

The credit debt of ADP Group on 30.09.2015 amounted to 437,5 million kunas, which represents a decrease in credit obligations by 55,5 million kunas in relation to the end of last year.

Income from sales on sales markets of ADP Group, without joint companies

Income growth by 25% of ADP Group, regardless of the decrease of sales of automobiles in Russia

→ Income growth of ADP Group on the market of EU and Serbia by 51% while the EU automobile market had a growth of 9%

→ Decrease of income of ADP Group in Russia by 17% while the Russian automobile market in the same period had a fall of 33%.

ADP Group with consolidated pertaining ownership parts in joint companies

With the purpose of obtaining a clearer picture of the business activities of ADP Group, we have created a summarized consolidated profit and loss account for the first nine months of 2014.and 2015. of ADP Group with the consolidated profit and loss account of the joint companies Euro APS Romania and FADP Russia where AD Plastik Plc. has 50% or 40% of ownership.

The profit and loss account of ADP Group with consolidation of the pertaining ownership parts in EURO APS and FADP for the first nine months of 2014.and 2015. in thousands of kunas

Position	9M2015	9M2014	9M2015/ 9M2014
BUSINESS INCOME	1.103.442	988.935	112
BUSINESS EXPENSES	1.039.644	956.699	109
Material costs	653.908	620.572	105
Staff costs	178.435	173.548	103
Amortization	63.892	53.920	118
Other costs	143.408	108.660	132
FINANCIAL INCOME	95.902	24.666	389
FINANCIAL EXPENSES	121.170	45.583	266
TOTAL INCOME	1.199.344	1.013.601	118
TOTAL EXPENSES	1.160.814	1.002.283	116
Income before taxes	38.530	11.318	340
Income tax	6.230	6.345	98
PROFIT OF THE PERIOD	32.300	4.973	650
EBITDA	127.690	86.155	148

As it can be seen in the table of business income of ADP Group with the consolidated pertaining ownership part in Euro APS and FADP marked a growth of 12% through the period of 9 months of this year in relation to the same period last year. EBITDA in the same period marked a growth of 48% in relation to the same period the previous year and the total amounted to 127,69 million kunas.

By the end of this year there will be an improved coefficient of debt, ambitiously planned in the amount of 2,8 and measured on the basis of relations of the net financial debt and EBITDA of ADP Group, including consolidated results of joint companies (EURO APS and FADP) on the basis of pertaining parts of ADP.

The joint companies have no financial obligations through loans towards external subjects, other than obligations through loans received from owners.

On 30.09.2015.the Group with joint companies employed 3.003 workers, of which 1.228 were in the company in Croatia.

State on the markets in the first nine months of 2015

Markets of the EU and Serbia

Production for the markets of the EU and Serbia are in locations in Solin and Zagreb in Croatia and in the location of Mladenovac, Serbia. The reported period shows an achieved growth of sales in relation to the same period of the previous year. The basic reason for the growth of sales in relation to the previous year is a larger production capacity in Croatia with the Edison project and other projects for customers PSA, Ford. In relation to the same period last year, in Serbia the sales assortment was expanded and the delivery began of handles and blown products for new destinations in Italy and Poland. The significant sales growth influenced the achievement of positive financial results in the reported period in relation to the same period last year.

Russian markets (dependant companies)

The total production and sales of the company in Togliatti and Kaluga is intended for the market in Russia. Due to the decrease of the total automobile market in Russia in the first nine months of 2015, it is important to state that the decrease of sales in our factories is at a total of 17%. This is significantly less than the decrease of the Russian automobile market which is 33%, all in relation to the same period of the previous year. The basic reasons for this are new projects whose production has started in this year – Renault Duster phase 2, the new Qashqai and LadaVesta.

Joint companies

Joint companies are the Romanian company EURO APS and the company FADP Holding France (with factory in Russia). The Romanian company has full production capacity. The largest part of deliveries is related to the serial deliveries for the factory Dacia in Romania, while the smaller part of the deliveries is related to the locations in Morocco, Algeria, Iran and other markets where the models Logan, Sandero and Duster are produced.

The achieved sales in the Russian company are poorer than the same period last year in accordance with the trends of the Russian market. The main buyers are Ford, Nissan and Hyundai.

Changes to the balance positions

In the balance positions of the Group in relation to 31.12.2014, the greatest change were marked on the following positions:

• (AOP 023) Participating interests (parts) (decrease of 22,2million HRK) due to the difference in results of the companies with participating interests at the end of the quartile in relation to the end of the year
• (AOP 045) Claims from customers (decrease of 44,4million HRK) largely due to the finalization of the projects and payment of developmental activities of buyers;
• (AOP 046) Claims from participating entrepreneurs (increase of 15,1million HRK) largely due to the dividend calculation Euro APS;
• (AOP 049) Other claims (increase of 11,1million HRK) largely due to the given advance payments to tool manufacturers;
• (AOP 086 and 096) Short-term and long-term obligations towards banks and other financial institutions (net effect decrease of 55,5 million HRK) – due to closing the credit part which regards the financing of tool production and the reprogramming of the part of short-term loans into long-term loans;
• (AOP 098) Obligations towards suppliers (decrease of 64,9million HRK) due to the finalization of the larger part of investments;

The results of joint companies EAPS Romania and FADP Holding France are included in the result of the Group through the part method.

Financial reports of Group AD Plastik

BALANCE

Quarterly Financial Report of the entrepreneur TFI-POD
Reporting period: 01.01.2015. till 30.09.2015.
Register number (MB): 03440494
Entity register number (MBS): 060007090
Personal identification number (PIN): 48351740621
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 name: 406 Solin
County code and name: 17 Splitsko-dalmatinska		No. of employees: (at the end of the trimester)		3.003
Consolidated report: YES		NCA code:		2932
Names of consolidation subjects (according to IMSF):	Seat:		REG.NO.:
AD PLASTIK d.d.	Solin, Croatia		03440494
AO AD PLASTIK	Samara, Russian Federation		1036300221935
AD PLASTIK d.o.o.	Novo Mesto, Sovenia		1214985000
ZAO AD PLASTIK KALUGA	Kaluga, Russian Federation		1074710000320
ADP d.o.o.	Mladenovac, Serbia		20787538
Bookkeeping service:
Contact person: Marica Jakelić
Telephone: 021/206-660	Fax: 021/275-660
E-mail address: marica.jakelic@adplastik.hr
Name and surname: Katija Klepo

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.

Taxpayer: GROUP AD PLASTIK
ITEM	AOP	Preceding	Current
	ind.	year	year
1	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (003+010+020+029+033)	001 002	1.091.023.928	1.007.309.009
I. INTANGIBLE ASSETS (004 up to 009)	003	152.137.861	146.413.414
1. Development costs	004	45.408.879	60.186.523
2. Concessions, patents, licenses, trademarks, softwares and other rights	005	4.229.375	3.406.805
3. Goodwill	006	25.389.920	25.389.920
4. Advances for purchase of intangible assets	007
5. Intangible assets in preparation	008	71.445.025	53.140.806
6. Other intangible assets	009	5.664.662	4.289.360
II. TANGIBLE ASSETS (011 up to 019)	010	755.636.053	713.192.343
1. Land	011	142.392.044	141.211.935
2. Buildings	012	235.692.502	250.666.329
3. Plants and machinery	013	266.122.878	254.743.461
4. Tools, plant & office inventory, furniture & transport means	014	16.737.211	15.002.568
5. Biological assets	015
6. Payments on account for tangible assets	016	7.873.562	17.399
7. Tangible assets in preparation	017	85.450.223	48.961.963
8. Other tangible assets	018	1.367.633	2.588.688
9. Investment in real estate	019
III. FIXED FINANCIAL ASSETS (021 up to 028)	020	148.428.985	120.768.445
1. Shares in affiliated undertakings	021
2. Loans to affiliated undertakings	022
3. Participating interests (shares)	023	92.666.032	70.465.007
4. Given loans to companies in which exist participating interests	024	44.155.524	40.306.009
5. Investments in securities	025	63.855	63.855
6. Other loan, deposits etc	026	11.543.574	9.933.574
7. Other fixed financial assets	027
8. Investment stated in equity method	028
IV. RECEIVABLES (030 up to 032	029	8.459.021	7.822.096
1. Receivables from associated undertakings	030
2. Receivables from sales on credit	031
3. Other receivables	032	8.459.021	7.822.096
V. DEFFERED TAX ASSETS	033	26.362.008	19.112.711
C) CURRENT ASSETS (035+043+050+058)	034	370.459.572	344.909.906
I. INVENTORY (036 up to 042	035	94.314.949	97.546.798
1. Materials and supplies	036	67.176.173	66.874.112
2. Work in progress	037	6.646.583	6.319.189
3. Finished goods	038	18.787.006	14.333.659
4. Commercial goods	039	1.705.187	10.019.838
5. Advances for inventories	040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 up to 049)	043	255.937.108	234.670.046
1. Receivables from associated undertakings	044
2. Trade receivables	045	201.714.508	157.312.505
3. Receivables from participating companies	046	5.693.529	20.836.020
4. Receivables from employees and members of the business	047	482.178	565.262
5. Receivables from government and other institutions	048	18.097.415	14.932.686
6. Other receivables	049	29.949.478	41.023.573
III. CURRENT FINANCIAL ASSETS (051 up to 057)	050	12.401.924	5.384.746
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
5. Investments in to securities	055
6. Other loan, deposits etc 7. Other financial assets	056 057	3.209.419 9.192.505	5.384.746
IV. CASH AT BANK AND IN HAND	058	7.805.591	7.308.316
D) PREPAYMENTA AND ACCRUED INCOME	059	85.289.203	68.296.587
E) TOTAL ASSETS (001+002+034+059)	060	1.546.772.703	1.420.515.502
F) OUT-OF-BALANCE ITEMS	061	18.790.339	24.683.362

BALANCE SHEET as at 30.09.2015.
Taxpayer: GROUP AD PLASTIK
ITEM	AOP ind.	Preceding year	Current year
1	2	3	4
LIABILITIES
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	630.631.677	625.492.479
I. SUBSCRIBED SHARE CAPITAL	063	419.958.400	419.958.400
II. CAPITAL RESERVES	064	183.513.200	183.512.936
III. RESERVES FROM GAIN (066+067-068+069+070)	065	32.062.079	31.661.780
1. Legal reserves	066	6.140.129	6.139.704
2. Reserves for own shares	067	2.945.290	3.103.465
3. Own stocks and shares (deductible item)	068	2.945.290	3.103.465
4. Statutory reserves	069	0	0
5. Other reserves	070	25.921.950	25.522.076
IV. REVALUATION RESERVES	071	-22.222.998	-64.040.404
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	12.397.932	22.103.250
1. Retained earnings	073	12.397.932	22.103.250
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	4.929.914	32.300.209
1. Current year profit	076	4.929.914	32.300.209
2. Current year loss	077
VII. MINOR INTEREST	078	-6.850	-3.692
B) PROVISIONS (080 up to 082)	079	6.400.943	6.814.988
1. Provisions for pensions, severance pay and similar obligations	080	687.919	687.919
2. Provisions for tax liabilities	081
3. Other provisions	082	5.713.024	6.127.069
C) LONG TERM LIABILITIES (084 up to 092)	083	251.294.635	318.558.036
1. Liabilities to related parties	084
2. Commitments for loans, deposits, etc	085	0
3. Liabilities to banks and other financial institutions	086	212.344.188	287.737.716
4. Liabilities for advances	087
5. Trade payables	088	26.238.997	30.651.634
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	12.711.450	168.686
D) SHORT TERM LIABILITIES (094 do 105)	093	641.580.171	437.738.464
1. Liabilities to related parties	094
2. Commitments for loans, deposits, etc	095	4.623.823	3.802.338
3. Liabilities to banks and other financial institutions	096	280.719.131	149.780.303
4. Liabilities for advances	097	57.224.240	50.824.647
5. Trade payables	098	270.424.546	205.565.067
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100	1.674.486	579.387
8. Liabilities towards employees	101	10.173.697	10.465.604
9. Liabilities for taxes, contributions and other benefits	102	11.618.292	12.171.538
10. Liabilities to share in the result	103	0
11. Amount based on fixed assets intended to sale	104		0
12. Other short-term liabilities	105	5.121.956	4.549.580
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	16.865.277	31.911.535
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.546.772.703	1.420.515.502
G) OUT-OF BALANCE ITEMS	108	18.790.339	24.683.362
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	630.638.527	625.496.171
2. Ascribed to minority interest	110	-6.850	-3.692

Notification 1: addendum to balance sheet is filled by entrepreneurs who are obligated to make the consolidated financial reports.

PROFIT AND LOSS ACCOUNT

PROFIT AND LOSS ACCOUNT in period from 01.01.2015. till 30.09.2015.

Taxpayer: GROUP AD PLASTIK
ITEM		Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I. OPERATING TURNOVER (112+113)	111	623.279.024	237.701.775	773.592.775	248.728.796
1. Income from sales	112	608.099.751	235.421.623	761.697.877	243.884.677
2. Other operating income	113	15.179.273	2.280.152	11.894.898	4.844.119
II. OPERATING CHARGES (115+116+120+124+125+126+129+130)	114	624.889.611	233.104.316	740.511.718	242.010.616
1. Changes in the value of inventories of work in progress and finished goods	115	-742.685	-6.634.768	4.644.775	2.580.312
2. Material charges (117 up to 119)	116	380.539.667	174.486.033	455.312.489	129.979.107
a) Costs of raw materials and consumables	117	323.075.503	150.193.895	368.047.732	102.882.286
b) Costs of sales	118	17.235.310	11.474.871	34.146.117	7.953.615
c) Other external charges	119	40.228.854	12.817.267	53.118.640	19.143.205
3. Staff costs (121 up to 123)	120	128.747.110	41.834.821	134.951.436	45.166.986
a) Salaries and wages	121	80.063.829	25.434.997	82.944.996	27.750.795
b) Costs of taxes and social security	122	26.156.115	9.213.416	29.123.724	9.805.820
c) Duties on wages	123	22.527.166	7.186.408	22.882.716	7.610.371
4. Depreciation	124	41.258.770	13.704.674	54.624.223	18.683.938
5. Other costs	125	70.246.002	8.574.615	83.707.742	43.473.209
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	4.840.747	1.138.941	7.271.053	2.127.064
III. FINANCIAL INCOME (132 up to 136)	131	37.952.707	11.621.189	102.314.032	32.731.268
1. Interests, exchange rate differenc, dividends with affiliates	132	21.870.339	8.105.442	73.549.827	26.905.289
2. Interests, exch. rate differenc., dividends with non-affiliates	133	9.917.226	1.321.900	22.314.007	3.986.301
3. Part of income from affiliates and participated interests	134	6.165.142	2.193.847	6.450.198	1.839.678
4. Non-realized financial income	135
5. Other financial income	136
IV. FINANCIAL CHARGES (138 up to 141)	137	58.098.220	23.142.534	122.832.991	41.967.299
1. Interests, exchange rate differenc, dividends with affiliates	138	27.906.945	11.828.570	78.976.297	29.533.244
2. Interests, exch. rate differenc., dividends with non-affiliates	139	29.892.123	11.228.655	43.540.131	12.438.442
3. Non-realized financial charges	140
4. Other financial charges	141	299.152	85.309	316.563	-4.387
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142	31.799.464	9.777.341	33.529.241	9.741.085
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143	5.042.925	1.232.889	13.791.036	1.919.002
VII. EXTRAORDINARY – OTHER INCOME	144
VIII. EXTRAORDINARY – OTHER CHARGES	145
IX. TOTAL INCOME (111+131+142 + 144)	146	693.031.195	259.100.305	909.436.048	291.201.149
X. TOTAL CHARGES (114+137+143 + 145)	147	688.030.756	257.479.739	877.135.745	285.896.917
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	5.000.439	1.620.566	32.300.303	5.304.232
1. Profit before taxation (146-147)	149	5.000.439	1.620.566	32.300.303	5.304.232
2. Loss before taxation (147-146)	150	0	0	0	0
XII. PROFIT TAX	151	27.221	-53.690	0	11.265
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	4.973.218	1.674.256	32.300.303	5.292.967
1. PROFIT FOR THE PERIOD (149-151)	153	4.973.218	1.674.256	32.300.303	5.292.967
2. LOSS FOR THE PERIOD (151-148)	154	0	0	0	0
ADDENDUM TO ATS (filled in by the entrepreneur compiling the consolidated annual financial statement)

XIV. PROFIT OR LOSS FOR THE CURRENT PERIOD

PROFIT AND LOSS ACCOUNT in period from 01.01.2015. till 30.09.2015.
Taxpayer: GROUP AD PLASTIK
ITEM	AOP ind.	Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
1. Attributable to equity holders	155	4.979.004	1.674.905	32.300.209	5.296.353
2. Attributable to minority interests	156	-5.786	-649	94	-3.386
Report for other comprehensive income (only for the taxpayer applying IFRS)
I. PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	4.973.218	1.674.256	32.300.303	5.292.967
II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	0	0	-34.057.633	-65.514.191
1. Exchange differences on translation of foreign operations	159			-34.057.633	-68.062.583
2. Movements in revaluation reserves of fixed and intangible assets	160			0	2.548.392
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			-6.115.692	-12.407.512
IV. OTHER COMPREHENSIVE NET PROFIT OR LOSS	167	0	0	-27.941.941	-53.106.679
V. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	4.973.218	1.674.256	4.358.362	-47.813.712
ADDENDUM TO Report for other comprehensive income (filled in by the entrepreneur compiling the consolidated annual financial state ment)
VI. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD
1. Attributable to equity holders	169	4.979.004	1.674.905	4.364.601	-47.797.703

1. Attributable to minority interests 170 -5.786 -649 -6.239 -16.009

CASH FLOW REPORT – INDIRECT METHOD

CASH FLOW REPORT – Indirect method

in period from 01.01.2015. till 30.09.2015.

Taxpayer: GROUP AD PLASTIK	AOP	Preceding	Current
ITEM	ind.	year	year
1	2	3	4
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before taxation	001	5.000.439	32.300.303
2. Depreciation	002	41.258.770	54.624.223
3. Increase of current liabilities	003	25.966.003
4. Decrease of current receivables	004		6.161.377
5. Decrease in stocks	005
6. Other increase of cash flow	006	1.460.840	7.886.222
I. Total increase of cash flow from operating activities (001 - 006)	007	73.686.052	100.972.125
1. Decrease of current liabilities	008		57.442.576
2. Increase of current receivables	009	11.326.715
3. Increase in stocks	010	16.439.170	3.231.849
4. Other decrease of cash flow	011
II. Total decrease of cash flow from operating activities (008 – 011)	012	27.765.885	60.674.425
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	013	45.920.167	40.297.700
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	014	0	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		772.241
4. Cash inflows from dividends	018	23.720.455	31.326.060
5. Other cash inflows from investment activities	019
III. Total cash inflows from investment activities (015-019)	020	23.720.455	32.098.301
1. Cash expenditures for purchase of fixed tangible and intangible assets	021	60.958.950	6.456.066
2. Cash expenditures for acquisition of ownership and debt instruments	022
3. Other cash expenditures from investment activities	023		37.439.501
IV. Total cash expenditures from investment activities (021-023)	024	60.958.950	43.895.567
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	37.238.495	11.797.266
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	41.989.292	79.740.094
3. Other inflows from financial activities	029	14.488.655	22.201.025
V. Total cash inflows from financial activities (027-029)	030	56.477.947	101.941.119
1. Cash expenditures for the payment of credit principal and debentures	031	9.894.598	130.938.828
2. Cash expenditures for the payment of dividends	032	28.107.101
3. Cash expenditures for financial lease	033
4. Cash expenditures for repurchase of own shares	034
5. Other cash expenditures from financial activities	035	48.199.757
VI. Total cash expenditures from financial activities (031-035)	036	86.201.456	130.938.828
C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036)	037	0	0
C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030)	038	29.723.509	28.997.709
Total cash flow increase (013-014+025-026+037-038)	039	0	0
Total cash flow decrease (014-013+026-025+038-037)	040	21.041.837	497.275
Cash and cash equivalents at the beginning of the period	041	28.943.068	7.805.591
Cash and cash equivalents increase	042
Cash and cash equivalents decrease	043	21.041.837	497.275
Cash and cash equivalents at the end of the period	044	7.901.231	7.308.316

REPORT ON CHANGES TO CAPITAL

REPORT ON CHANGES TO CAPITAL for period 01.01.2015. till 30.09.2015.

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	183.527.951	183.512.936
3. Reserves from profit	003	26.681.972	31.658.088
4. Retained profit or loss carried over	004	14.273.787	22.103.250
5. Current year profit or loss	005	4.979.004	32.300.209
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	-64.040.404
10. Total capital and reserves (AOP 001-009)	010	659.606.467	625.492.479
11. Exchange rate variations from net investments into foreign business operations	011		-34.057.633
12. Current and deferred taxes (part)	012		6.115.692
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		0
17. Total capital increase or decrease (AOP 011 - 016)	017	0	-27.941.941
17a. Ascribed to holders of the holders company capital	018	659.603.933	625.496.171
17b. Ascribed to minority interest	019	2.534	-3.692

Items reducing Capital are entered with negative sign.

Data under EOP codes 001 to 009 are entered as balance as at Balance Sheet date.

BALANCE Financial reports of the Company AD Plastik

Quarterly Financial Report of the entrepreneur TFI-POD
Reporting period: 01.01.2015. till 30.09.2015.
Register number (MB): 03440494
Entity register number (MBS): 060007090
Personal identification number (PIN): 48351740621
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 name: 406 Solin
County code and name: 17 Splitsko-dalmatinska	No. of employees: (at the end of the trimester)	1.228
	NCA code:	2932
Consolidated report: NO
Names of consolidation subjects (according to IMSF): Seat:	REG.NO.:
Bookkeeping service: Contact person: Marica Jakelić
Telephone: 021/206-660	Fax: 021/275-660
E-mail address: marica.jakelic@adplastik.hr

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.

BALANCE SHEET as at 30.09.2015.
Taxpayer: AD Plastik d.d.
ITEM	AOP	Preceding	Current
	ind.	year	year
1	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (003+010+020+029+033)	001 002	1.050.229.721	983.194.297
I. INTANGIBLE ASSETS (004 up to 009)	003	95.024.732	94.291.158
1. Development costs	004	30.072.242	47.440.639
2. Concessions, patents, licenses, trademarks, softwares and other rights	005	2.084.689	1.327.790
3. Goodwill	006
4. Advances for purchase of intangible assets	007
5. Intangible assets in preparation	008	62.867.801	45.522.729
6. Other intangible assets	009
II. TANGIBLE ASSETS (011 up to 019)	010	518.082.265	514.310.568
1. Land	011	139.976.599	139.976.599
2. Buildings	012	160.295.250	194.703.333
3. Plants and machinery	013	141.215.175	133.139.792
4. Tools, plant & office inventory, furniture & transport means	014	12.924.399	10.998.334
5. Biological assets	015
6. Payments on account for tangible assets	016
7. Tangible assets in preparation	017	63.670.842	35.492.510
8. Other tangible assets	018
9. Investment in real estate	019
III. FIXED FINANCIAL ASSETS (021 up to 028)	020	235.319.040	185.943.004
1. Shares in affiliated undertakings	021	44.376.244	44.376.244
2. Loans to affiliated undertakings	022	83.204.401	76.762.118
3. Participating interests (shares)	023	51.975.442	14.501.204
4. Given loans to companies in which exist participating interests	024	44.155.524	40.306.009
5. Investments in securities	025	63.855	63.855
6. Other loan, deposits etc	026	11.543.574	9.933.574
7. Other fixed financial assets	027
8. Investment stated in equity method	028
IV. RECEIVABLES (030 up to 032)	029	193.060.060	178.309.593
1. Receivables from associated undertakings	030	184.601.039	170.487.497
2. Receivables from sales on credit	031
3. Other receivables	032	8.459.021	7.822.096
V. DEFFERED TAX ASSETS	033	8.743.624	10.339.974
C) CURRENT ASSETS (035+043+050+058)	034	283.474.181	289.056.332
I. INVENTORY (036 up to 042)	035	56.881.889	51.295.666
1. Materials and supplies	036	39.966.197	36.105.359
2. Work in progress	037	5.011.771	4.005.238
3. Finished goods	038	11.473.240	8.878.615
4. Commercial goods	039	430.681	2.306.454
5. Advances for inventories	040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 up to 049)	043	209.072.752	219.798.187
1. Receivables from associated undertakings	044	16.189.917	52.562.793
2. Trade receivables	045	154.974.700	101.935.343
3. Receivables from participating companies	046	3.961.203	18.946.757
4. Receivables from employees and members of the business	047	412.509	489.439
5. Receivables from government and other institutions	048	9.344.172	10.976.731
6. Other receivables	049	24.190.251	34.887.124
III. CURRENT FINANCIAL ASSETS (051 up to 057)	050	15.719.018	15.730.062
1. Shares in affiliated undertakings	051
2. Loans to affiliates	052	13.415.236	13.415.236
3. Participating interests (shares)	053
4. Given loans to companies in which exist participating interests	054		0
5. Investments in to securities	055
6. Other loan, deposits etc	056	2.303.782	2.314.826
7. Other financial assets	057
IV. CASH AT BANK AND IN HAND	058	1.800.522	2.232.417
D) PREPAYMENTA AND ACCRUED INCOME	059	62.506.772	51.763.986
E) TOTAL ASSETS (001+002+034+059)	060	1.396.210.674	1.324.014.615
F) OUT-OF-BALANCE ITEMS	061	4.592.542	4.592.542

BALANCE SHEET as at 30.09.2015.
Taxpayer: AD Plastik d.d.
ITEM	AOP	Preceding	Current
	ind.	year	year
1 LIABILITIES	2	3	4
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	625.309.099	640.882.915
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	32.050.802	31.650.928
1. Legal reserves 2. Reserves for own shares	066 067	6.128.852 2.945.290	6.128.852 3.103.465
3. Own stocks and shares (deductible item)	068	2.945.290	3.103.465
4. Statutory reserves 5. Other reserves	069 070	25.921.950	25.522.076
IV. REVALUATION RESERVES	071	-22.500.271	-29.013.204
V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	0	12.724.371
1. Retained earnings	073		12.724.371
2. Loss brought forward	074
VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	12.724.371	22.486.623
1. Current year profit	076	12.724.371	22.486.623
2. Current year loss	077
VII. MINOR INTEREST	078
B) PROVISIONS (080 up to 082)	079	5.711.384	5.711.384
1. Provisions for pensions, severance pay and similar obligations	080	687.919	687.919
2. Provisions for tax liabilities	081
3. Other provisions	082	5.023.465	5.023.465
C) LONG TERM LIABILITIES (084 up to 092)	083	201.376.693	269.721.326
1. Liabilities to related parties	084		0
2. Commitments for loans, deposits, etc	085
3. Liabilities to banks and other financial institutions	086	185.337.723	248.615.685
4. Liabilities for advances	087
5. Trade payables	088	15.870.284	20.936.955
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	168.686	168.686
D) SHORT TERM LIABILITIES (094 do 105)	093	553.536.665	384.200.094
1. Liabilities to related parties	094	26.438.199	21.592.692
2. Commitments for loans, deposits, etc	095	1.145.000
3. Liabilities to banks and other financial institutions	096	247.262.604	147.057.727
4. Liabilities for advances	097	44.695.880	31.105.906
5. Trade payables	098	218.273.771	169.807.689
6. Commitments on securities	099
7. Liabilities to companies in which are participating interests	100		0
8. Liabilities towards employees	101	7.970.896	7.510.143
9. Liabilities for taxes, contributions and other benefits	102	4.515.656	3.892.318
10. Liabilities to share in the result	103
11. Amount based on fixed assets intended to sale	104
12. Other short-term liabilities	105	3.234.659	3.233.619
E) DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	10.276.833	23.498.896
F) TOTAL LIABILITIES (062+079+083+093+106)	107	1.396.210.674	1.324.014.615
G) OUT-OF BALANCE ITEMS ADDENDUM TO BALANCE SHEET ( filled in by the entrepreneur compiling the consolidated annual financial statement)	108	4.592.542	4.592.542
A) CAPITAL AND RESERVES
1. Ascribed to the holders of the parent company capital	109
2. Ascribed to minority interest	110

Notification 1: addendum to balance sheet is filled by entrepreneurs who are obligated to make the consolidated financial reports.

PROFIT AND LOSS ACCOUNT

PROFIT AND LOSS ACCOUNT in period from 01.01.2015. till 30.09.2015.

Taxpayer: AD Plastik d.d.

ind. year Cumulative Quarter Cumulative Quarter 1 2 3 4 5 6 I. OPERATING TURNOVER (112+113) 111 414.754.479 153.575.121 578.042.373 186.910.770 1. Income from sales 112 406.915.021 153.240.811 569.446.370 182.384.862 2. Other operating income 113 7.839.458 334.310 8.596.004 4.525.909 II. OPERATING CHARGES (115+116+120+124+125+126+129+130) 114 400.962.963 145.296.298 553.810.856 182.424.375 1. Changes in the value of inventories of work in progress and 115 -1.727.471 -4.413.190 3.601.158 2.639.429 finished goods 2. Material charges (117 up to 119) 116 234.945.181 93.941.164 356.849.065 a) Costs of raw materials and consumables 117 175.573.632 68.441.485 276.343.390 b) Costs of sales 118 34.880.046 16.716.603 40.997.050 c) Other external charges 119 24.491.503 8.783.076 39.508.625 3. Staff costs (121 up to 123) 120 79.039.857 28.509.566 95.329.683 a) Salaries and wages 121 47.423.914 17.105.739 57.197.810 b) Costs of taxes and social security 122 19.759.964 7.127.391 23.832.421 c) Duties on wages 123 11.855.979 4.276.436 14.299.452 4. Depreciation 124 22.727.576 7.759.914 31.166.624 5. Other costs 125 64.143.864 19.186.546 63.510.960 6. Impairment (127+128) 126 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 1.833.956 312.298 3.353.365 1.324.596 III. FINANCIAL INCOME (132 up to 136) 131 54.253.334 8.753.353 58.353.471 5.469.568 1. Interests, exchange rate differenc, dividends with affiliates 132 6.369.295 3.566.161 4.251.333 1.297.014 2. Interests, exch. rate differenc., dividends with non-affiliates 133 732.015 -3.191.678 5.727.021 2.335.147 3. Part of income from affiliates and participated interests 134 47.152.024 8.378.870 48.375.116 4. Non-realized financial income 135 5. Other financial income 136 IV. FINANCIAL CHARGES (138 up to 141) 137 24.347.601 13.126.233 60.098.366 6.618.325 1. Interests, exchange rate differenc, dividends with affiliates 138 7.301.006 6.849.718 246.524 175.501 2. Interests, exch. rate differenc., dividends with non-affiliates 139 17.046.595 6.276.515 22.353.554 6.442.824 3. Non-realized financial charges 140 37.498.288 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) 146 469.007.813 162.328.474 636.395.844 192.380.338 X. TOTAL CHARGES (114+137+143 + 145) 147 425.310.564 158.422.531 613.909.221 189.042.699 XI. PROFIT OR LOSS BEFORE TAXATION (146-147) 148 43.697.249 3.905.943 22.486.622 3.337.638 1. Profit before taxation (146-147) 149 43.697.249 3.905.943 22.486.622 3.337.638 2. Loss before taxation (147-146) 150 0 0 0 XII. PROFIT TAX 151 11.267 11.267 11.265 XIII. PROFIT OR LOSS FOR THE PERIOD (148-151) 152 43.685.982 3.894.676 22.486.622 3.326.374 1. PROFIT FOR THE PERIOD (149-151) 153 43.685.982 3.894.676 22.486.622 3.326.374 2. LOSS FOR THE PERIOD (151-148) 154 0 0 0 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	ITEM	AOP	Preceding		Current
				year
						101.258.522
						74.591.270
						13.553.634
						13.113.618
						32.286.476
						19.371.886
						8.071.619
						4.842.971
						10.045.865
						34.869.486
						0
						1.837.406
						0
						0
	2. Attributable to minority interests	156

PROFIT AND LOSS ACCOUNT in period from 01.01.2015. till 30.09.2015.

Taxpayer: AD Plastik d.d.

ITEM	AOP ind.	Preceding year		Current year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
REPORT FOR OTHER COMPREHENSIVE INCOME (only for the taxpayer applying IFRS)
I. PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	43.685.982	3.894.676	22.486.622	3.326.374
II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	0	0	-7.981.749	-13.637.906
1. Exchange differences on translation of foreign operations	159			-7.981.749	-13.637.906
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			-1.596.350	-2.727.581
IV. OTHER COMPREHENSIVE NET PROFIT OR LOSS	167	0	0	-6.385.399	-10.910.325
V. OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	43.685.982	3.894.676	16.101.223	-7.583.952
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
2. Attributable to minority interests	170

CASH FLOW REPORT – INDIRECT METHOD

CASH FLOW REPORT – Indirect method
in period from 01.01.2015. till 30.09.2015.
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	43.697.249	22.486.622
2. Depreciation	002	22.727.576	31.166.624
3. Increase of current liabilities	003	84.084.488
4. Decrease of current receivables	004
5. Decrease in stocks	005	424.177	5.586.223
6. Other increase of cash flow	006		14.750.467
I. Total increase of cash flow from operating activities (001 - 006)	007	150.933.490	73.989.936
1. Decrease of current liabilities	008		55.909.631
2. Increase of current receivables	009	116.759.139	32.080.950
3. Increase in stocks	010
4. Other decrease of cash flow	011		1.596.350
II. Total decrease of cash flow from operating activities (008 – 011)	012	116.759.139	89.586.931
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	013	34.174.351	0
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	014	0	15.596.995
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	6.006.842	772.241
4. Cash inflows from dividends	018	23.720.455	31.326.060
5. Other cash inflows from investment activities	019
III. Total cash inflows from investment activities (015-019)	020	29.727.297	32.098.301
1. Cash expenditures for purchase of fixed tangible and intangible assets	021	35.691.369	26.661.353
2. Cash expenditures for acquisition of ownership and debt instruments	022
3. Other cash expenditures from investment activities	023		6.912.806
IV. Total cash expenditures from investment activities (021-023)	024	35.691.369	33.574.159
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	5.964.072	1.475.858
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	33.813.719	80.235.387
3. Other inflows from financial activities	029		37.474.238
V. Total cash inflows from financial activities (027-029)	030	33.813.719	117.709.625
1. Cash expenditures for the payment of credit principal and debentures	031		100.204.877
2. Cash expenditures for the payment of dividends	032	28.107.101
3. Cash expenditures for financial lease	033
4. Cash expenditures for repurchase of own shares	034
5. Other cash expenditures from financial activities	035	46.007.902
VI. Total cash expenditures from financial activities (031-035)	036	74.115.003	100.204.877
C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036)	037	0	17.504.748
C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030)	038	40.301.284	0
Total cash flow increase (013-014+025-026+037-038)	039	0	431.895
Total cash flow decrease (014-013+026-025+038-037)	040	12.091.005	0
Cash and cash equivalents at the beginning of the period	041	14.531.049	1.800.522
Cash and cash equivalents increase	042		431.895
Cash and cash equivalents decrease	043	12.091.005
Cash and cash equivalents at the end of the period	044	2.440.044	2.232.417

REPORT ON CHANGES TO CAPITAL

REPORT ON CHANGES TO CAPITAL for period 01.01.2015. till 30.09.2015.

	AOP	Preceding	Current
ITEM	ind.	year	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	26.666.540	31.650.928
4. Retained profit or loss carried over	004	0	12.724.371
5. Current year profit or loss	005	43.685.982	22.486.623
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	-29.013.204
10. Total capital and reserves (AOP 001-009)	010	683.572.072	640.882.915
11.Exchange rate variations from net investments into foreign business operations	011		-7.981.749
12.Current and deferred taxes (part)	012		1.596.350
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	-6.385.399
17a. Ascribed to holders of the holders company capital	018
17b. Ascribed to minority interest	019

Items reducing Capital are entered with negative sign.

Data under EOP codes 001 to 009 are entered as balance as at Balance Sheet date.

Solin, October 30, 2015.

STATEMENT FROM THE MANAGEMENT REGARDING RESPONSIBILITIES

The financial reports of Group AD Plastik and the company AD Plastik Plc. Solin are put together in accordance with the International Accounting Standards of Financial Reports (MSFI) and the Croatian Accounting Law.

The consolidated financial reports of Group AD Plastik and the financial reports of the company AD PlastikPlc for the period from January 1 to September 30, 2015. give a complete and accurate review of the properties and obligations, profits and losses, financial position and business activities of the issuers and companies included in the consolidation as a whole.

The reports from the management for the period from September 30, 2015. contain an accurate and true display of the development and results of the business activities of the Company with a description of the most significant risks and uncertainties which the Company is exposed to.

President of the Board

Marinko Došen

Member of the Board for finance and accounting

Katija Klepo

The company is registered at Commercial Court in Split, Croatia, under code: 060007090 I VAT identificaton number: HR48351740621 IBAN: HR04 2340 0091 1101 5371 1, Privredna banka Zagreb d.d. Zagreb

The registered capital of the company corresponds to 419.958.400,00 HRK fully subscribed and paid in 4.199.584 ordinary shares at nominal price of 100 HRK President of the Board: Marinko Došen I Members of the Board: Mladen Peroš, Ivica Tolić, Katija Klepo, Denis Fusek, Hrvoje Jurišić President of the Supervisory Board: Josip Boban