Reporting period			01.01.2010.		to	31.12.2010.
						Trimestral financial statement of the entrepreneur - TFI-POD

Register number (MB):		03440494

Entity register number (MBS):		060007090

Personal identification		48351740621
numberj (OIB):
Issuing company. AD PLASTIK d.d. (SC)

Post code and place:		21210		Solin

Street and house number Matoševa 8

E-mail address: [email protected]

Internet address: www.adplastik.hr

icipality/city code and name:	406	Solin

County code and name:	17	Splitsko-dalmatinska				No. Of employees	2.387
						(at the end of the trimester)
Consolidated report	YES					NCA code:	2932

lames of consolidation subjects (according to IFRS				Seat		Register number (MB):
		AD PLASTIK d.d.
					Solin, Croatia	03440494
		ZAO PHR			Luga, Russian Federation	103630022193
		AD PLASTIK d.o.o.			Novo Mesto, Slovenia	1214985000

		ZAO ADP LUGA			Luga, Russian Federation	107471000032






Bookkeeping service:

Contact person: Marica Jakelić
					(only the name and surname of the contact person to be entered)
Telephone: 021/206-660						Fax 021/206-669

E-mail address: marica [email protected]

Name and surname: Katija Klepo
		(person authorised for representation)

Documentation for publishing:
						1. Financial statements (balance sheet, profit and loss account, cash flow report, report on changes to the capital, and

notes accompanying financial statements)

2. Statement of the persons responsible for compiling financial statements 3. Management report on the			LEATS
		SORI

						(signature of the person authorised for representation)

	BALANCE
	status as of	31.12.2010.
					amounts in HRK


	Item		AOP designation	Previous period	Current period

	1		2	3	4
ACTIVE
A) CLAIMS FOR SUBSCRIBED CAPITAL UNPAID			001
B) FIXED ASSETS			002	607.271.856	661.149.138
I. IMMATERIAL ASSETS			003	59.379.477	45.287.667
II. MATERIAL ASSETS			004	498.608.272	515.460.924
III. FIXED FINANCIAL ASSETS			005	49.284.107	100.342.503
IV. CLAIMS			006
V. DEFERRED TAX ASSETS			007		58.044
C) CURRENT ASSETS			008	364.920.922	339.194.477
I. RESERVES			009	71.713.187	52.550.909
II. CLAIMS			010	232.685.776	210.450.286
III. CURRENT FINANCIAL ASSETS			011	47.375.244	66.557.049
IV. CASH AT BANK AND IN HAND			012	13.146.715	9.636.233
	D) PAID EXPENSES OF THE FUTURE PERIOD AND CALCULATED INCOME		013	58.541.664	76.426.962
E) LOSS EXCEEDING CAPITAL AMOUNT			014		0
F) TOTAL ACTIVE			015		1.030.734.442 1.076.770.577
G) OFF-BALANCE RECORDS PASSIVE			016	7.149.642	7.149.642
A) CAPITAL AND RESERVES			017	613.204.163	666.067.125
I.CAPITAL STOCK (SUBSCRIBED)			018	419.958.400	419.958.400
II. CAPITAL RESERVES			019	160.483.340	181.284.652
III. RESERVES FROM PROFIT			020	5.075.219	2.315.349
IV. REVALORISATION RESERVES			021	8.489.504	8.489.504
V. RETAINED PROFIT			022	2.160.849
VI. LOSS CARRIED OVER			023
VII. BUSINESS YEAR PROFIT			024	16.268.594	53.994.230
VIII. BUSINESS YEAR LOSS			025
IX. MINORITY INTEREST			026	768.257	24.990
B) RESERVES			027	0	9.140.467
C) FIXED LIABILITIES			028	153.262.003	123.239.265
D) CURRENT LIABILITIES			029	262.907.577	274.841.816
	E) DEFERRED PAYMENT OF EXPENSES AND INCOME OF THE FUTURE PERIOD		030	1.360.699	3.481.904
F) TOTAL - PASSIVE			031		1.030.734.442 1.076.770.577
G) OFF-BALANCE RECORDS			032	7.149.642	7.149.642
	ADDENDUM TO THE BALANCE SHEET (filled in by the entrepreneur compiling the consolidated annual financial statement)
CAPITAL AND RESERVES
1. Ascribed to holders of the parent company capital			033	612.435.906	666.042.135
2. Ascribed to minority interest			034	768.257	24.990

			PROFIT AND LOSS ACCOUNT

	for the period from	01.01.2010.	to		31.12.2010.
							amounts in HRK

	Item			AOP design.	Previous period		Current period
					Cumulative	Trimester	Cumulative	Trimester
	1			2	3	4	5	6
I. BUSINESS INCOME				035	608.824.181	187.677.980	793.563.121	192.061.520
1. Sales income				036	597.177.874	181.735.598	693.678.593	183.502.512
	2. Income based on the use of own products, goods and services			037	1.321.633	773.829	1.858.211	598.479
3. Other business income				038	10.324.674	5.168.553	98.026.317	7.960.529
II. BUSINESS EXPENSES				039	586.578.836	179.613.128	757.203.110	184.424.405
	1. Decrease of the value of unfinished production reserves			040	6.308.871	781.940
	2. Increase of the value of unfinished production reserves			041			2.937.761	1.762.393
3. Material expenses				042	361.179.992	110.804.370	457.110.167	106.291.164
4. Staff expenses				043	114.151.972	32.118.956	121.656.365	29.913.287
5. Amortisation				044	51.881.850	17.786.294	55.005.019	15.722.269
6. Other expenses				045	49.044.960	15.729.317	55.403.673	25.647.320
7. Value adjustment				046			0
8. Reserves				047			9.140.467	3.352.976
9. Other business expenses				048	4.011.191	2.392.251	61.825.180	5.259.782
III. FINANCIAL INCOME				049	53.141.520	20.302.307	78.263.322	34.830.878
relations with associated entrepreneurs	1.Interest, currency exchange rate variations, dividends and similar income from			050	13.489.491	5.346.754	22.887.644	4.827.339
	2.Interest, currency exchange rate variations, dividends and similar income from			051	27.826.690	9.469.143	32.827.247	13.245.864
relations with non-associated entrepreneurs
	3. Part of income from associated entrepreneurs and participating interests			052	11.825.339	5.486.410	22.548.431	16.757.675
4. Unrealised profit (income)				053
5. Other financial income				054
IV. FINANCIAL EXPENSES				055	59.273.624	17.134.852	56.469.789	16.593.716
entrepreneurs	1. Interests, currency exchange rate variations and other expenses with associated			056	18.626.263	2.296.813	12.116.218	3.173.948
entrepreneurs	2. Interests, currency exchange rate variations and other expenses with non-associated			057	40.647.361	14.838.039	35.396.978	12.540.535
3. Unrealised financial assets losses (expenses)				058			8.956.593	879.233
4. Other financial expenses				059
V. OFF-BALANCE - OTHER INCOME				060	0	0
VI. OFF-BALANCE - OTHER EXPENSES				061	0	0
VII. TOTAL INCOME				062	661.965.701	207.980.287	871.826.443	226.892.398
VIII. TOTAL EXPENSES				063	645.852.460	196.747.980	813.672.899	201.018.121
IX. PROFIT BEFORE TAXATION				064	16.113.241	11.232.307	58.153.544	25.874.277
X. LOSS BEFORE TAXATION				065				0
XI. INCOME TAX				066			4.142.506	1.261.640
XII. PERIOD PROFIT				067	16.113.241	11.232.307	54.011.038	24.612.637
XIII. PERIOD LOSS				068
	ADDENDUM TO THE P&L (filled in by the entrepreneur compiling the consolidated annual financial statement)
	XIV.* PROFIT ASCRIBED TO HOLDERS OF THE PARENT COMPANY CAPITAL			069	16.268.594	10.672.991	53.994.230	24.607.352
XV.* PROFIT ASCRIBED TO THE MINORITY INTEREST				070		559.316	16.808	5.285
	XVI.* LOSS ASCRIBED TO HOLDERS OF TH PARENT COMPANY CAPITAL			071
XVII.* LOSS ASCRIBE TO THE MINORITY INTEREST			2	072	155.353

CASH FLOW REPORT - Indirect method

in the period from 1.1.2010 to	31.12.2010
			amounts in HRK

Item	AOP designati	Previous period	Current period
1	o n 2	3	4
CASH FLOW FROM BUSINESS ACTIVITIES
1. Profit before taxation	073	16.113.241	58.153.544
2. Amortisation	074	51.881.850	55.005.019
3. Increase of current liabilities	075	37.857.544	23.195.911
4. Decrease of current claims	076		4.350.192
5. Decrease in reserves	077	18.316.866	19.162.278
6. Other increase of cash flow	078
I. Total increase of cash flow from business activities	079	124.169.501	159.866.944
1. Decrease of current liabilities	080
2. Increase of current clims	081	61.321.084
3. Increase of reserves	082
4. Other decrease of cash flow	083	12.446.267	1.911.717
II. Total decrease of cash folw from business activities A1) NET INCREASE OF CASH FLOW FROM BUSINESS ACTIVITIES	084 085	73.767.351 50.402.150	1.911.717 157.955.227
A2) NET DECREASE OF CASH FLOW FROM BUSINESS ACTIVITIES	086
CASH FLOW FROM INVESTMENT ACTIVITIES
1. Cash inflows from sale of fixed material and immaterial assets	087	1.554.405	46.689.522
2. Cash inflows from sale of ownership and debt instruments	088
3. Cash inflows from interest	089	4.803.621	9.275.345
4. Cash inflows from dividends	090
5. Other cash inflows from investment activities	091
III. Total cash inflows from investment activities	092	6.358.026	55.964.867
1. Cash expenditures for purchase of fixed material and immaterial assets	093	21.601.399	104.455.383
2. Cash expenditures for acquisition of ownership and debt financial instruments	094		34.222.399
3. Other cash expenditures from investment activities	095
IV. Total cash expenditures from investment activities	096	21.601.399	138.677.782
B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES	097
B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES	098	15.243.373	82.712.915
CASH FLOW FROM FINANCIAL ACTIVITIES
1. Cash inflows from issuing ownership and debt financcial instruments	099
2. Cash inflows from credit principal, debentures, loans and other borrowings	100
3. Other inflows from financial activities	101	37.888.629
V. Total cash inflows from financial activities	102	37.888.629
1. Cash expenditures for the payment of credit principal and debentures	103	59.741.975	30.022.738
2. Cash expenditures for the payment of dividends	104		5.837.295
3. Cash expenditures for financial lease	105
4. Cash expenditures for repurchase of own shares	106	2.767.960
5. Other cash expenditures from financial activities	107	5.181.972	35.871.797
VI. Total cash expenditures from ifnancial activities	108	67.691.907	71.731.830
C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES	109
C2) NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES	110	29.803.278	71.731.830
Tjotal cash flow increase Total cash flow decrease	111 112	5.355.499
Cash and cash equivalents at the beginning of the period	113	7.791.216	3.510.482 13.146.715
Cash and cash equivalents increase	114	5.355.499
Cash and cash equivalents decrease	115		3.510.482
3 Cash and cash equivalents at the end of the period	116	13.146.715	9.636.233

							REPORT ON CHANGES TO CAPITAL OF THE STOCK COMPANY
		from	1.1.2010	to	31.12.2010

										amounts in HRK
						AOP	Previous			Current
		Item				design.	period	Increase	Decrease	period
		1				2	31.12. of previous year		3	4
	1. Subscribed capital					117	419.958.400			419.958.400
2. Capital reserves						118	160.483.340	20.801.312		181.284.652
	3. Reserves from profit					119	5.075.219		2.734.880	2.340.339
	4. retained profit or loss carried over					120	2.929.106		2.929.106	0
	5. Current year profit or loss					121	16.268.594	37.725.636		53.994.230
	6. Revalorisation of fixed material assets					122
	7. Revalorisation of immaterial assets					123
	8. Revalorisation of financial assets available for sale					124
	9. Other revalorisation					125	8.489.504			8.489.504
			10. Currency exchange rate variations from the item of net investments into foreign			126
	11. Current and deferred taxes (part)					127
	12. Cash flow protection					128
	13. Changes in bookkeeping policies					129
			14. Correction of significant mistakes from the previous period			130
	15. Other changes to capital					131
	16. Total capital increase or decrease					132	613.204.163	58.526.948	5.663.986	666.067.125
	16a. Ascribed to holders of the parent company capital					133	612.435.906			666.042.135
	16b. Ascribed to minority interest					134
							768.257			24.990

Notes to Financial Statements

* 1 AD Plastik bought land and building on location Solin during 2010.

*2 Long term financial assets is bigger because of investment increase in Fuarecia ADP Holding and given long term loan to Faurecia ADP Luga. Beside that in this line there are results from associated companies based on equity method (EURO APS, Faurecia ADP Holding and SG Plastik).

*3 There was an decrease in inventory in parent Company and because of inventory sales in company ADP Luga.

*4 There was decrease in short term loans and liabilities, and increase in short term liabilities for received prepayments on a name of tooling for new projects.

*5 Increase in other operating income relate to selling of assets in ADP Luga. The difference between income and expenses has no impact on result of the Group.

*6 Material expenses increase is result of production increase, selling of inventory in ADP Luga Russia and change of product range.

*7 Provisions are calculated because of potential risks of litigation, unused vacation and severance pay in parent Company.

*8 Other operating costs include unamortized value of sold long-term assets in ADP Luga.

*9 Financial income and expenses relate to interests, foreign exchange differences and shares in result in associated companied according to equity method (EURO APS, Faurecia FADP Holding and SGP).

*10 Purchase of non-current assets relate to investments in land, buildings, equipment and intangible assets in parent Company and also investments in building and equipment in ZAO PHR. *11 Purchase of non-current financial assets relate mostly to investment increase in Faurecia ADP Holding.

Management Interim Report of the AD Plastik group and Company AD Plastik Inc. Solin for the fourth quarter of 2010.

Solin, January 2011.

Content

a)	Introduction to the report	7
b)	Management Interim Report of the AD Plastik group and company	7
c)	AD Plastik Inc. Solin for the period 01.01.-31.12.2010.
d)	Outlook for 2011.	9

	Addendums:
	Financial reports of AD Plastik group	10
1.	Balance sheet	11
2.	Profit and loss account	12
3.	Cash flow (indirect method)	13
4.	Report on changes of capital	14
	Financial reports of the company AD Plastik Inc. Solin	15
5.	Balance sheet	16
6.	Profit and loss account	17
7.	Cash flow (indirect method)	18
8.	Report on changes of capital	19
e)	Statement of the person responsible for drafting the financial reports	20

a) Introduction to the report

Financial highlights: 01.01. – 31.12.2010.

	Cumulative to	Cumulative to	Rate Fourth		Fourth	Rate changes
Indicator	31.12. 2010.	31.12.2009.	changes (%)	Quarter 2010.	Quarter 2009.	(%)
Income from sales (000 HRK)	693.679	597.178	8%	183.503	181.736	1%
Total income (000 HRK)	871.826	661.966	32%	192.062	187.678	2%
Net profit (000 HRK)	54.011	16.113	235%	24.613	11.232	119%

Decrease the group debt

The coefficient of the group debt increased from 0,40 to 0,37.

Key developments in 2010th

Realization of joint venture contract with the company Faurecia Automotive Holdings (FAH) The contract was signed for joint operations in the Russian market for automobile production and sale.
The Renault award for the best automotive suppliers in the Euroasia for the AD Plastik and subsidiary ZAO PHR - Russia
Listing on the Official Market of the Zagreb Stock Exchange on October 1th, 2010.

b) Management interim Report of the AD Plastik group for the period: 01.01. – 31.12.2010.

Main business activity of AD Plastik group is manufacture of plastic parts for automobile industry. Besides this activity, the Group also manufactures package for food industry, products for households, etc.

On December 31th, 2010 the Group employed 2.387 employees, from which 887 were employed in the company AD Plastik Inc. Solin (parent Company).

On December 31th, 2010 the amount of the stock amounted kuna 419.958.400.

There was no change in the Management structure of the parent Company but in the Supervisory Board there was change of one member.

There was no significant change in the ownership structure. Prevent Global, owner of the 25,8% shares, is in the bankruptcy and the stocks are deposited in two Slovenian banks.

At the end of April company AD Plastik and French company Faurecia Automotive Holdings (FAH) realized joint venture contract for the purpose of common business running on the Russian market for automobile production and sale.

AD Plastik company and subsidiary ZAO PHR have received award for the products quality as the best Renault supplier in the Eurasia.

During the period from January to December 2010 the Group realized total income to the amount of kuna 871,8 million that represents 32% more than during the same period in the previous year when the income amounted kuna 661,97 million.

For the same period the parent Company realized total income to the amount of kuna 610,1 million that represents 11% more than during the same period in the previous year when the income amounted kuna 547,5 million.

Total expenditure of the Group business during the accounting period was kuna 813,7 million that represents 26% than during the same period in the previous year when total expenditure of business was kuna 645,9 million.

On the item reservations in business expenditure assets reserves are in the parent Company and relating to the potential risks of litigation, unused vacation and severance pay.

Total expenditure of the parent Company during the accounting period amount kuna 574,3 million that represents 9,5% more than during the same period in the previous year when total expenditure of business running amounted kuna 524,6 million.

During the monitored period the Group realized profit to the amount of kuna 54 million, while during the same period in the previous year it realized the profit to the amount of kuna 16,1 million.

During the same period the parent Company realized profit to the amount of kuna 35,7 million, while during the same period in the previous year it realized the profit to the amount of kuna 22,9 million.

Realized result was better than the planned result for the same period.

The financial reports can be subject of the some positions changes and as such represent unaudited preliminary financial reports to the auditors to provide opinions and accepting the final annual reports by the Management Board.

Audit of financial reports is in the progress and we do not expect significant impact on Group result in this report.

The basic consolidated financial reports of the Group are: consolidated data from the annual accounts for the AD Plastik Inc. Solin, ADP Luga, Russian Federation, ZAO PHR, Russian Federation and AD Plastik ltd, Slovenia.

The results of the associated companies EAPS Romania, FADP Holding France and SG Plastik ltd. Solin were included in the result of the parent Company by equity method.

c) Outlook for 2011th

According to the 2011th budget we expect that the result will be approximately at the level of 2010th realization.

Financial reports of AD Plastik Group

1. Balance sheet

Position (in HRK)	31.12.2010.	31.12.2009.	Note
Intangible assets	45.287.667	59.379.477
Tangible assets	515.460.924	498.608.272	* 1
Long-term financial assets	100.342.503	49.284.107	* 2
Receivables
Deferred tax assets	58.044
Long-term assets Inventory	661.149.138 52.550.909	607.271.856 71.713.187	* 3

Receivables	210.450.286	232.685.776
Short-term financial assets	66.557.049	47.375.244
Cash at bank and in hand	9.636.233	13.146.715
Short-term assets	339.194.477	364.920.922
Paid future expenses/calculated income Loss above subscriben capital	76.426.962	58.541.664

Total assets	1.076.770.577	1.030.734.442
Off balanced sheet items	7.149.642	7.149.642
Share capital	419.958.400	419.958.400
Capital reserves	181.284.652	160.483.340
Reserves from profit	2.315.349	5.075.219
Revaluation reserves	8.489.504	8.489.504
Retained earnings		2.160.849
Loss carried forward
Net profit for the period	53.994.230	16.268.594
Loss for the period
Minority interest	24.990	768.257
Capital and reservs	666.067.125	613.204.163
Reserving	9.140.467
Long-term liabilities	123.239.265	153.262.003
Short-term liabilities	274.841.816	262.907.577	*4
Overdraft/factoring	3.481.904	1.360.699

Total liabilities	1.076.770.577	1.030.734.442
Off balanced sheet items	7.149.642	7.149.642
Annex to balance sheet
Capital and reserves
Attributable to equity holders	666.042.135	612.435.906
Attributable to minority interests	24.990	768.257

*1 AD Plastik bought land and building on location Solin during 2010.

*4 There was decrease in short term loans and suppliers, and increase in short term liabilities for received prepayments on a name of tooling for new projects.

2. Profit and loss account

Position (in HRK)	31.12.2010.		31.12.2009.		Note
	Cumulative		4. Q Cumulative	4. Q
Income from sales			693.678.593 183.502.512 597.177.874 181.735.598
Income from usage of own products, merchandise and serv.	1.858.211	598.479	1.321.633	773.829
Other operating income	98.026.317	7.960.529	10.324.674	5.168.553	* 5
Operating income			793.563.121 192.061.520 608.824.181 187.677.980
Decrease of work in the progress and finished products			6.308.871	781.940
Increase of work in the progress and finished products	2.937.761	1.762.393
Material expenses			457.110.167 106.291.164 361.179.992 110.804.370		* 6
Employee costs	121.656.365		29.913.287 114.151.972	32.118.956
Amortisation	55.005.019	15.722.269	51.881.850	17.786.294
Other expenses	55.403.673	25.647.320	49.044.960	15.729.317
Revaluation
Reserves	9.140.467	3.352.976			* 7
Other operating costs	61.825.180	5.259.782	4.011.191	2.392.251	* 8
Operating costs			757.203.110 184.424.405 586.578.836 179.613.128
Interest, foregin exchange differences, dividens (subsidiaries)	22.887.644	4.827.339	13.489.491	5.346.754
Interst, foregin exchange differences, dividens (non subs.)	32.827.247	13.245.864	27.826.690	9.469.143
Income from investment in associates and join ventures	22.548.431	16.757.675	11.825.339	5.486.410
Unrealised gains (income)
Other financial income
Financial income	78.263.322	34.830.878	53.141.520	20.302.307	*9
Interest, foregin exc. differences and other expenses (sub.)	12.116.218	3.173.948	18.626.263	2.296.813
Interest, foregin exc. differences and other expenses (non sub.)	35.396.978	12.540.535	40.647.361	14.838.039
Unrealised losses (expenses) from financial assets	8.956.593	879.233
Other financial expenses
Financial expenses	56.469.789	16.593.716	59.273.624	17.134.852	*9
Extraordinary - other income
Extraordinary - other expenses
Total income			871.826.443 226.892.398 661.965.701 207.980.287
Total expenses			813.672.899 201.018.121 645.852.460 196.747.980
Profit before taxes	58.153.544	25.874.277	16.113.241	11.232.307
Loss before taxes
Tax	4.142.506	1.261.640
Net profit for the period	54.011.038	24.612.637	16.113.241	11.232.307
Loss for the period
Annex to Income statment
XIV.* Profit attributable to equity holders	53.994.230	24.607.352	16.268.594	10.672.991
XV.* Profit attributable to minority interests	16.808	5.285		559.316
XVI.* Loss attributable to equity holders
XVII.* Loss attributable to minority interests			155.353

*5 Increase in other operating income relate to selling of assets in ADP Luga. The difference between income and expenses has no impact on result of the Group.

*6 Material expenses increase is result of production increase, selling of inventory in ADP Luga Russia and change of product range.

*7 Reserves are calculated because of potential risks of litigation, unused vacation and severance pay in parent Company.

*8 Other operating costs include unamortized value of sold long-term assets in ADP Luga. *9 Financial income and expenses relate to interests, foreign exchange differences and shares in result in associated companied according to equity method (EURO APS, Faurecija FADP Holding and SGP).

3. Cash flow (indirect method)

Position (in HRK)	Current period	Previous period	Note
Cash flow from operating activities
Profit before tax	58.153.544	16.113.241
Amortisation	55.005.019	51.881.850
Increase of current liabilities	23.195.911	37.857.544
Decrease of current receivables	4.350.192
Decrease of inventories	19.162.278	18.316.866
Other cash flow increase
Total increase of cash flow from operating activities	159.866.944	124.169.501
Decrease of current liabilities
Increase of current receivables		61.321.084
Increase of inventories
Other cash flow decrease	1.911.717	12.446.267
Total decrease of cash flow from operating activities	1.911.717	73.767.351
Net increase/decrease of cash flow from operating
activities	157.955.227	50.402.150
Cash flow from investing activities
Proceeds from sale of non-current assets	46.689.522	1.554.405
Proceeds from sale of non-current financial assets
Interest received	9.275.345	4.803.621
Dividend received
Other proceeds from investing activities
Total cash inflows from investing activities	55.964.867	6.358.026
Purchase of non-current assets	104.455.383	21.601.399	*10
Purchase of non-current financial assets	34.222.399		*11
Other cash outflows from investing activities
Total cash outflows from investing activities	138.677.782	21.601.399

Net increase/decrease of cash flow from investing activities	-82.712.915	-15.243.373
Cash flow from financial activities Proceeds from issues of equity securities and debt securities
Proceeds from loans and borrowings
Other proceeds from financial activities		37.888.629
Total cash inflows from financial activities		37.888.629
Reapayment of loans and bonds	30.022.738	59.741.975
Dividens paid	5.837.295
Reapayment of financial lease
Purchase of treasury shares		2.767.960
Other cash outflows from financial activities	35.871.797	5.181.972
Total cash outflows from financial activities	71.731.830	67.691.907

Net increase/decrease of cash flow from financial activities	-71.731.830	-29.803.278
Total increase of cash flow		5.355.499
Total decrease of cash flow	3.510.482
Cash and cash equivalents at beginning of period	13.146.715	7.791.217
Increase of cash and cash equivalents		5.355.499
Decrease of cash and cash equivalents	3.510.482
Cash and cash equivalents at the end of period	9.636.233	13.146.716

4. Report on changes of capital

Position (in HRK)	31.12.2009.	Increase	Decrease	Current period
Subscribed capital	419.958.400			419.958.400
Capital reserves	160.483.340	20.801.312		181.284.652
Net income reserves	5.075.219		2.734.880	2.340.339
Retained earnings or loss carried forward	2.929.106		2.929.106	0
Net profit or loss for the period	16.268.594	37.725.636		53.994.230
Revaluation of property, plant and equipment
Revaluation of intangible assets
Revaluation of available for sale financial assets
Other revaluation	8.489.504			8.489.504
Foregin exchange differences from investments
Current and deferred tax (part)
Hedging
Change of accounting policies
Change of prior period error
Other changes in equity

Total increase or decrease of equity	613.204.163	58.526.948	5.663.986	666.067.125
Attributable to equity holders	612.435.906			666.042.135

Attributable to minority interests 768.257 24.990

Financial reports of the company AD Plastik Inc. Solin

5. Balance sheet

Position (in HRK)	31.12.2010.	31.12.2009.	Note
Intangible assets	42.788.430	54.660.314
Tangible assets	437.564.696	415.012.228	* 1
Long-term financial assets	219.859.693	168.707.935	* 2
Receivables
Deferred tax asset
Long-term assets	700.212.819	638.380.477
Inventory	35.520.133	37.296.824
Receivables	195.807.862	227.646.380
Short-term financial assets	66.551.032	60.782.119
Cash at bank and in hand	3.300.811	5.472.575
Short-term assets	301.179.838	331.197.898
Paid future expenses/calculated income	76.405.163	58.539.684
Loss above subscribed capital

Total assets	1.077.797.820	1.028.118.059
Off balanced sheet items	7.149.642	7.149.642
Share capital	419.958.400	419.958.400
Capital reserves	181.239.161	180.641.899
Reserves from profit	21.783.330	4.983.689
Revaluation reserves	8.489.504	8.489.504
Retained earnings
Loss carried forward
Net profit for the period	35.739.206	22.903.272
Loss for the period
Capital and reserves	667.209.601	636.976.764
Reserving	9.140.467	0
Long-term liabilities	123.169.601	153.194.194
Short-term liabilities	274.796.247	236.597.348	*3
Overdraft/factoring	3.481.904	1.349.753

Total liabilities	1.077.797.820	1.028.118.059
Off balanced sheet items	7.149.642	7.149.642

*1 Change in tangible assets is result of investment in buildings and land in Solin and new equipment reduced by corresponding amortization and selling of long term assets. *2 Increase in long term financial assets is result of investment increase in Fuarecia ADP Holding and given long term loan to Faurecia ADP Luga. Beside that in this line there are results from associated companies based on equity method (EURO APS, Faurecia ADP Holding and SG Plastik). *3 There is an increase of short term loans in ADP Luga until the end of share capital reducing process in the same company. There is also increase in short term liabilities for received prepayments on a name of tooling for new projects.

6. Profit and loss account

	31.12.2010.		31.12.2009.
Position (in HRK)	Cumulative		4. Q Cumulative	4. Q	Note
Income from sales			537.853.043 138.610.988 496.715.777 146.661.466
Income from usage of own products, merchandise and serv.	1.858.211	598.479	1.321.634	773.830
Other operating income	13.253.638	10.120.769	8.517.087	4.096.750	* 4
Operating income			552.964.892 149.330.236 506.554.498 151.532.046
Decrease of work in progress and finished products			6.329.124	1.226.234
Increase of work in progress and finished products	2.975.287	2.338.838
Material expenses	339.739.808		81.578.401 294.635.069	85.841.451
Employee costs	93.024.790	22.037.294	90.667.539	25.612.270
Amortisation	41.923.570	10.382.519	45.488.375	16.043.225
Other expenses	45.481.392	21.311.246	45.374.337	14.182.480
Revaluation
Reserves	9.140.467	9.140.467			* 5
Other operating costs	3.932.375	2.706.894	4.011.191	2.392.251
Operating costs			530.267.115 144.817.983 486.505.635 145.297.911
Interest, foregin exchange differences, dividens (subsidiaries)	5.284.366	1.276.355	3.261.220	1.478.636
Interest, foregin exchange differences, dividens (non subs.)	29.274.789	10.572.748	25.862.917	8.444.409
Income from investments in associates and join ventures	22.548.431	16.757.675	11.825.339	5.486.409
Unrealised gains (income)
Other financial income
Financial income	57.107.586	28.606.778	40.949.476	15.409.454
Interest, foregin exch. differences and other expenses (sub.)
Interest, foregin exc. differences and other expenses (non sub.)	35.109.564	12.462.270	38.095.067	13.863.346
Unrealised losses (expenses) from financial assets	8.956.593	879.233
Other financial expenses
Financial expenses	44.066.157	13.341.503	38.095.067	13.863.346
Extraordinary - other income
Extraordinary - other expenses
Total income			610.072.478 177.937.014 547.503.974 166.941.500
Total expenses			574.333.272 158.159.486 524.600.702 159.161.257
Profit before taxes	35.739.206	19.777.528	22.903.272	7.780.243
Loss before taxes
Tax
Net profit for the period	35.739.206	19.777.528	22.903.272	7.780.243
Loss for the period

*4 Increase in other operating income relate to selling of assets – equipment, tooling and income from sued claims.

*5 Provisions relate to potential risks of litigation, unused vacation and severance pay in parent Company.

7. Cash flow (indirect method)

Position (in HRK)	Current period	Previous period	Note
Cash flow from operating activities
Profit before tax	35.739.206	22.903.272
Amortisation	41.923.570	45.488.375
Increase of curent liabilities	49.471.518	39.246.662
Decrease of curent receivables	13.973.039	0
Decrease of inventories	1.776.691	12.412.524
Other cash flow increase	1.460.342	8.480.648
Total increase of cash flow from operating activities	144.344.366	128.531.481
Decrease of curent liabilities
Increase of curent receivables		48.864.968
Increase of inventories
Other cash flow decrease
Total decrease of cash flow from operating activities	0	48.864.968
Net increase/decrease of cash flow from operating
activities	144.344.366	79.666.513
Cash flow from investing activities
Proceeds from sale of non-current assets	9.498.308	1.554.405
Proceeds from sale of non-current financial assets	0	0
Interest received	9.275.345	4.803.621
Dividend received	0	0
Other proceeds from investing activities	0	0
Total cash inflows from investing activities	18.773.653	6.358.026
Purchase of non-curent assets	52.604.154	14.025.095
Purchase of non-curent financial assets	47.814.237	19.903.069	* 6
Other cash outflows from investing activities	0	0
Total cash outflows from investing activities	100.418.391	33.928.164

Net increase/decrease of cash flow from investing activities	-81.644.738	-27.570.138
Cash flow from financial activities
Proceeds from issue of equity securities and debt securities	0	0
Proceeds from loans and borrowings	0	0
Other proceeds from financial activities	0	12.172.011
Total cash inflows from financial activities	0	12.172.011
Repayment of loans and bonds	30.024.593	58.906.495
Dividens paid	5.837.295	0
Repayment of finance lease	0	0
Purchase of treasury shares	0	2.767.960
Other cash outflows from financial activities	29.009.504	0
Total cash outflows from financial activities	64.871.392	61.674.455

Net increase/decrease of cash flow from financial activities	-64.871.392	-49.502.444
Total increase of cash flow	0	2.593.931
Total decrease of cash flow	2.171.764	0
Cash and cash equivalents at beginning of period	5.472.575	2.878.644
Increase of cash and cash equivalents		2.593.931
Decrease of cash and cash equivalents	2.171.764
Cash and cash equivalents at the end of period	3.300.811	5.472.575

*6 Purchase of non-current financial assets relate to investment increase in Faurecia ADP Holdingu, and shares in result in associated companied according to equity method (EURO APS, Faurecija FADP Holding and SGP).

8. Report on changes of capital

Position (in HRK)	31.12.2009.	Increase	Decrease	31.12.2010.
Subscribed capital	419.958.400			419.958.400
Capital reserves	180.641.899	597.262		181.239.161
Net income reserves	4.983.689	16.799.641		21.783.330
Retained earnings or loss carried forward
Net profit or loss for the period	22.903.272	35.739.206	22.903.272	35.739.206
Revaluation of property, plant and equipment
Revaluation of intangible assets
Revaluation of available for sale financial assets
Other revaluation	8.489.504			8.489.504
Foregin exchange differences from investments
Current and deferred taxes (part)
Hedging
Change of accounting policies
Change of prior period error
Other changes in equity

Total increase or decrease of equity	636.976.764	53.136.109	22.903.272	667.209.601

AI Terminal

AD Plastik d.d.

2080_10-q_2011-01-31_5d95f425-3593-463c-883b-e0d471b6c337.pdf