AD Plastik d.d.

Quarterly Report • Oct 26, 2017

BY MANAGEMENT OF AD PLASTIK GROUP AND THE COMPANY AD PLASTIK D.D. SOLIN

FOR THE FIRST NINE MONTHS OF 2017

Contents

Management Report of AD Plastik Group and the Company AD Plastik d.d. Solin for the period 01.01. - 30.09.2017 A

D	Management's statement of responsibility	28
	Statement of changes in equity	27
	Cash flow (indirect method)	26
	Profit and loss account	24
	Balance sheet	22
C	Financial statement of the company AD Plastik	20
	Statement of changes in equity	19
	Cash flow (indirect method)	18
	Profit and loss account	16
	Balance sheet	14
B	Financial statement of AD Plastik Group	12
	AD Plastik Group with consolidation of the corresponding ownership part in affiliated companies	11
	Operating revenue per sales markets of AD Plastik Group, without affiliated companies	9
	Financial position of AD Plastik Group	8
	Key performance indicators of AD Plastik Group 01.01. - 30.09.2017	8
	Financial results for the first nine months	7
	Comment by Marinko Došen, President of the Management Board	6
	Operating revenue, EBITDA and Net profit	5

CONTENTS

A

4

A

Management Report

of AD Plastik Group and the Company AD Plastik d.d. Solin

5
6
7
8
8
9
11

Operating revenue, EBITDA and Net profit of AD Plastik Group

million kunas 779.5

+5.9%

+18.2%

+33.7%

compared to the first nine months of 2016

Earnings before interest, taxes, depreciation and amortization (EBITDA)

million kunas 117.5

compared to the first nine months of 2016

Net profit

million kunas 41.7

compared to the first nine months of 2016

A

MANAGEMENT REPORT AD PLASTIK GROUP

Comment by Marinko Došen, President of the Management Board

You are looking at financial results of AD Plastik Group's business for the first nine months of this year and we can say that the positive trends in our business successfully continue. Despite the continued strengthening of the Kuna (HRK) against the Euro (EUR), in the first nine months we achieved a 5.9% growth in operating revenue compared to the same period last year. Operating revenue amounted to HRK 779.5 million for the reporting period.

We are particularly pleased with the final recovery of the Russian market, which is best evidenced by the growth of our Russian companies' operating revenue by 21% in the reporting period. State subsidies further helped sales growth and recovery of the automotive market in Russia, which was largely reflected in the sales growth of our key buyers. On the markets of the European Union and Serbia we have strengthened our position with the new deals we have agreed this year.

Net profit for the first nine months amounted to HRK 41.7 million, which shows a growth of 33.7 percent compared to the same period last year. EBITDA also grew by 18.2 percent, which can be largely attributed to an increase in production efficiency and the cost rationalization on which we continually work.

AD Plastik Group's factories continuously increase their profitability, whereby improvements and necessary production savings are achieved on a regular basis. We produce and deliver 62 million different pieces annually to our customers and at the same time witness the trend of growth year after year.

The EBITDA margin of the AD Plastik Group remains at high levels and above the industry average. As we work in a very demanding industry, where constant investment in the development of materials and solutions is necessary, we work on the development of technologies, processes, materials, quality, and each individual on a daily basis. Global trends and direction in which the automotive industry develops require continuous improvement and investment in process and product quality in order for us to to keep and improve our competitiveness.

New challenges await us, but we successfully laid the foundation for further growth and business development.

Marinko Došen President of the Management Board

A

Financial results for the first nine months

AD Plastik Group is comprised of the following companies during the reporting period:

• • AD Plastik d.d. Croatia,
• • ADP d.o.o. Serbia,
• • AD Plastik d.o.o. Slovenia,
• • AO AD Plastik Togliatti, Russia and
• • ZAO AD Plastik Kaluga, Russia

(hereinafter: AD Plastik Group)

779,5 MKN

117,5 MKN

same period last year and amounted to HRK 779.5 million. Despite the fact that in this year we note a further strengthening of the Kuna (HRK) against the Euro (EUR), which negatively affects the amount of operating revenues realized by AD Plastik d.d., and thus the overall results of AD Plastik Group's operating results, revenue growth has been achieved. At the same time, Ruble (RUB) Exchange rate has twofold impact: positive one for operating revenue, due to considerably lower Ruble (RUB) exchange rate compared to the same period last year, but also negative with respect to exchange rate differences due to the weakening of Ruble (RUB) compared to the end of 2016.

Positive trends in all business areas continued in the third quarter of 2017, resulting in increased revenue and profitability. Thus, the operating revenue of AD Plastik Group realized in the first nine months were 5.9% higher than the operating revenue realized in the

Intense work on cost rationalization and increased production efficiency at Group level is also visible in the reporting period, and is best reflected in the further growth of Earnings Before Interest, Taxes and Amortization (EBITDA) of 18.2% compared to the same period last year. Realized EBITDA for the first nine months of 2017 amounts to HRK 117.5 million.

The EBITDA margin, that again exceeds 15%, is significantly higher than the industry average and no further growth is expected. In the future, it is necessary to provide resources for the necessary investments in research and development of the products as a prerequisite for survival and development of the company on a very demanding automotive market.

The AD Plastik Group is continuously reducing its debts and in the last two years has significantly reduced the Net debt. Current indebtedness is lower when compared to other car industry suppliers and to other Croatian "bluechip" companies (excluding large energy companies). This opens up the possibility of borrowing for new investments and potential new acquisitions.

41,6 MKN

Reducing the cost of financing, that is, interest rates on received loans, has further influenced the increase in net profit. Net profit of AD Plastik Group increased by 33.7% compared to the same period last year and amounts to HRK 41.6 million.

Key performance indicators of AD Plastik Group 01.01. - 30.09.2017

Indicators - Group	3Q16	3Q17	Index
Operating revenue (in thsd. of kuna)	736,053	779,536	105.91
Sales revenue (in thsd. of kuna)	715,849	766,852	107.12
NFD (in thsd. of kuna)	389,942	344,276	88.29
EBITDA (in thsd. of kuna)	99,374	117,491	118.23
EBITDA last 4 quarters (in thsd. of kuna)	126,548	153,972	121.67
NFD/EBITDA last 4 quarters	3.08	2.24
EBITDA margin	13.50%	15.07%
Net profit margin	4.23%	5.34%

Financial position of AD Plastik Group

The financial position of AD Plastik Group has been strengthened in the first nine months of 2017. Thus, compared to 31.12. 2016., the credit indebtedness was decreased by HRK 31.2 million. Debt reduction trend has slowed down in the third qarter of 2017 due to dividends payment of HRK 8.5 per share, that is, over HRK 35 million in total and financing investments in the project "Pilot Coloring Line for Industrial Research, Development and Innovations" that will continue in the future period, but on a smaller scale.

As compared to 31.12.2016, receivables from customers have increased by HRK 51.2 million, as a result of significant sales growth compared to the last quarter of 2016. Total liabilities to suppliers in the same period were increased by HRK 22.5 million, which was also reflected on the debt ratio, so the indebtedness coefficient on 30.9.2017 was 0.44.

The price of ADPL-R-A share in the third quarter has been maintained at the level above HRK 160.00 per share and on 30.9.2017 amounts to HRK 162.00. This represents an increase of 17.4% compared to the beginning of the year, while CROBEX decreased by 9.2% in the same period.

CONTENTS

Operating revenue per sales markets of AD Plastik Group, without affiliated companies

A

MANAGEMENT REPORT AD PLASTIK GROUP

CONTENTS

A

EU and Serbian markets

In the EU and Serbia markets, more specifically at the plants in Solin and Zagreb, Croatia and at the location in Mladenovac, Serbia, operating revenue amounting to HRK 570 million was realized in the reporting period, which is 1.2% more compared to the same period last year. Despite a still strong Kuna (HRK) against the Euro (EUR), due to which the revenue in the parent company decreased by se-

ven million kuna, compared to the same period last year, customer orders, that is, the volume of production is growing, resulting in revenue growth from this market.

In the first nine months of 2017, the share of operating revenue from this market was 73.1% of totat operating revenue, while the share of revenue from the Russian market increased significantly. Car sales in the European market increased by 3.7% in the first nine months of 2017 compared to the same period last year, while in September there was a decline of 2% due to decrease of sales in the UK market (Brexit).

The stable market position of AD Plastik Group was strengthened through new deals in the first half of this year, while in the third quarter it was intensively working on obtaining new business for existing customers in the high-level phase of negotiations and we hope for the announcement of the nominations soon.

Russian market (subsidiaries)

After four years of consecutive decline in car sale on the Russian market, in the first nine months of 2017 sales increased by as much as 10.6% compared to the same period last year. Only in September there was a growth of as much as 17.9%. In addition to market recovery, direct state subsidies, such as co-financing interest for the purchase of new vehicles produced in Russia, subsidies of

car manufacturers, ecc have supported the growth.

AD Plastik factories in Russian Federation have realized 21% growth in operating revenue compared to the same period last year. It can be mostly attributed to stronger sales growth of key vehicles for which we supply, primarily the Alliance Renault/Nissan/ AvtoVAZ.

In the first nine months of 2017, the share of operating revenue from the Russian market amounts to 26.9% of the Group's total operating revenue. This indicates the stabilization of the Russian market, i.e. the final beginning of recovery. As noted above, a positive impact on consolidated revenue from Russian market has been made by a stronger Ruble (RUB) against the Euro (EUR) when translating it into Kuna (HRK), compared to the same reporting period. Using a natural hedging for currency risk management, through constant price alignment with our business partners in Russia, mitigates the impact of the weakening of Ruble (RUB) in the third quarter of 2017.

AD Plastik Group with consolidation of the corresponding ownership part in affiliated companies

In order to present a clearer picture of business, a comparable, shortened, consolidated profit and loss account for the first nine months of 2016 and 2017 of AD Plastik Group was created, with the profit and loss accounts of the affiliated companies Euro Auto Plastic Systems s.r.l. Mioveni, Romania (50% ownership of AD Plastik d.d.) and Center for Research and Development of Automotive Industry Croatia (24% of ownership of AD Plastik d.d.).

Positions	3Q 2016	3Q 2017	Index
OPERATING REVENUE	1,008,039	1,071,772	106.32
OPERATING EXPENSES	930,466	979,248	105.24
Material costs	575,619	653,611	113.55
Staff costs	169,099	177,165	104.77
Amortization	61,406	65,941	107.39
Other costs	124,342	82,531	66.37
FINANCIAL REVENUE	24,274	19,713	81.21
FINANCIAL EXPENSES	63,034	61,141	97.00
TOTAL REVENUE	1,032,313	1,091,485	105.73
TOTAL EXPENSES	993,501	1,040,389	104.72
Profit before tax	38,812	51,096	131.65
Profit tax	7,658	9,436	123.22
PROFIT OF THE PERIOD	31,155	41,661	133.72
EBITDA	138,978	158,466	114.02

Operating revenue of AD Plastik Group with consolidated corresponding part of ownership in affiliated companies in the reporting period increased by 6.3%. EBITDA amounts to HRK 158.5 million and records a growth of 14% compared to the same period last year.

Results of the affiliated companies are included in the result of the AD Plastik Group by equity method. Affiliated companies have no financial liabilities towards AD Plastik d.d. or credit obligations towards external entities.

of AD Plastik Group

Balance sheet	14
Profit and loss account	16
Cash flow (indirect method)	18
Statement of changes in equity	19

B

MANAGEMENT REPORT AD PLASTIK GROUP

A

CONTENTS

Appendix 1 Quarterly financial statement, AD Plastik Group

Quarterly financial statement of the entrepreneur - TFI-POD

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:		informacije@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 reporting period):		2,379
Consolidated report:	YES	NCA code:	2932
Names of consolidation subjects (according to IFRS):	Seat:		REG. NO.:
AD PLASTIK d.d.	Solin, Croatia		03440494
AO AD PLASTIK TOGLIATTI			Samara, Russian Federation 1036300221935
AD PLASTIK d.o.o.	Novo Mesto, Slovenia		1214985000
ZAO AD PLASTIK KALUGA		Kaluga, Russian Federation	1074710000320
ADP d.o.o.	Mladenovac, Serbia		20787538
Bookkeeping service:
Contact person:	Krešimir Jurun
(only the name and surname of the contact person to be entered)
Telephone:	021/206 663
Fax:	021/275 663
E-mail address:		kresimir.jurun@adplastik.hr
Name and surname:	Sanja Biočić
(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)
• 1. Interim report
• 1. Statement of the person responsible for compiling financial statements

Place of the seal (signature of the person authorised for representation)

Balance sheet as at 30.09.2017., Taxpayer: AD Plastik Group

	Item 1	AOP ind. 2	Preceding year 3	Current year 4
ASSETS
A	RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B	FIXED ASSETS (003+010+020+029+033)	002	930,341,260	899,975,909
	I. Intangible assets (004 up to 009)	003	128,546,966	116,837,395
	1 Development costs	004	91,485,430	76,719,828
	2 Concessions, patents, licenses, trademarks, softwares and other rights	005	1,443,552	1,671,884
	3 Goodwill	006	9,411,228	8,703,208
	4 Advances for purchase of intangible assets	007	0	0
	5 Intangible assets in preparation	008	24,550,504	28,064,472
	6 Other intangible assets	009	1,656,252	1,678,003
	II. Tangible assets (011 up to 019)	010	708,010,657	694,414,790
	1 Land	011	150,852,333	150,583,845
	2 Buildings	012	270,504,542	261,917,822
	3 Plants and machinery 4 Tools, plant & office inventory, furniture & transport means	013 014	251,347,981 19,570,393	229,902,294 15,745,497
	5 Biological assets	015	0	0
	6 Payments on account for tangible assets	016	719,057	2,334,851
	7 Tangible assets in preparation	017	6,439,677	24,630,145
	8 Other tangible assets	018	512,536	1,397,107
	9 Investment in real estate	019	8,064,138	7,903,230
	III. Fixed financial assets (021 up to 028)	020	87,924,858	84,281,609
	1 Shares in affiliated undertakings	021	0	0
	2 Loans to affiliated undertakings	022	0	0
	3 Participating interests (shares)	023	82,963,564	80,367,543
	4 Given loans to companies in which exist participating interests	024	0	0
	5 Investments in securities	025	61,700	61,700
	6 Other loans, deposits etc	026	4,899,594	3,852,366
	7 Other fixed financial assets	027	0	0
	8 Investment stated in equity method	028	0	0
	IV. Receivables (030 up to 032)	029	94,700	70,455
	1 Receivables from associated undertakings	030	0	0
	2 Receivables from sales on credit	031	0	0
	3 Other receivables	032	94,700	70,455
	V. Deffered tax assets	033	5,764,080	4,371,660
C	CURRENT ASSETS (035+043+050+058)	034	351,937,116	413,570,167
	I. Inventory (036 up to 042)	035	107,565,153	129,044,140
	1 Materials and supplies	036	68,929,171	91,034,455
	2 Work in progress	037	5,442,340	7,607,852
	3 Finished goods	038	19,116,526	15,196,159
	4 Commercial goods	039	13,939,849	14,994,562
	5 Advances for inventories	040	137,267	211,113
	6 Long term assets held for sale 7 Biological assets	041 042	0 0	0 0
	II. Receivables (044 up to 049)	043	182,996,774	274,058,184
	1 Receivables from associated undertakings	044	0	0
	2 Trade receivables	045	137,081,913	188,331,068
	3 Receivables from participating companies	046	5,452,738	13,359,721
	4 Receivables from employees and members of the business	047	287,808	265,678
	5 Receivables from government and other institutions	048	11,423,894	14,893,292
	6 Other receivables	049	28,750,422	57,208,425
	III. Current financial assets (051 up to 057)	050	50,952,776	2,388,841
	1 Shares in affiliated undertakings	051	0	0
	2 Loans to affiliates	052	0	0
	3 Participating interests (shares)	053	0	0
	4 Given loans to companies in which exist participating interests	054	0	0
	5 Investments in to securities	055	0	0
	6 Other loans, deposits etc	056	50,952,776	2,388,841
	7 Other financial assets	057	0	0
	IV. Cash at bank and in hand	058	10,422,413	8,079,002
D	PREPAYMENT AND ACCRUED INCOME	059	58,478,458	23,363,268
E	TOTAL ASSETS (001+002+034+059)	060	1,340,756,834	1,336,909,344
F	OFF BALANCE SHEET ITEMS	061	33,972,091	34,540,180

Balance sheet as at 30.09.2017., Taxpayer: AD Plastik Group

	Item 1	AOP ind. 2	Preceding year 3	Current year 4
LIABILITIES
A	CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	697,385,487	711,659,156
	I. SUBSCRIBED SHARE CAPITAL	063	419,958,400	419,958,400
	II. CAPITAL RESERVES	064	191,971,409	191,971,409
	III. RESERVES FROM GAIN (066+067-068+069+070)	065	-11,176,526	-10,623,172
	1 Legal reserves	066	6,135,540	6,135,540
	2 Reserves for own shares	067	3,875,120	3,855,762
	3 Own stocks and shares (deductible item)	068	3,875,120	3,855,762
	4 Statutory reserves	069	3,900	3,900
	5 Other reserves	070	-17,315,967	-16,762,612
	IV. REVALUATION RESERVES	071	-14,331,980	-11,190,785
	V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074)	072	61,260,357	79,882,614
	1 Retained earnings	073	61,260,357	79,882,614
	2 Loss brought forward	074	0	0
	VI. CURRENT YEAR PROFIT OR LOSS (076-077)	075	49,703,797	41,660,626
	1 Current year profit	076	49,703,797	41,660,626
	2 Current year loss	077	0	0
	VII. MINOR INTEREST	078	30	65
B	PROVISIONS (080 up to 082)	079	13,094,683	8,867,645
	1 Provisions for pensions, severance pay and similar obligations	080	2,269,354	2,305,121
	2 Provisions for tax liabilities	081	0	0
	3 Other provisions	082	10,825,328	6,562,524
C	LONG TERM LIABILITIES (084 up to 092)	083	185,758,712	214,013,162
	1 Liabilities to related parties	084	0	0
	2 Commitments for loans, deposits, etc	085	0	0
	3 Liabilities to banks and other financial institutions	086	169,239,078	203,336,260
	4 Liabilities for advances	087	0	0
	5 Trade payables	088	16,519,633	10,676,902
	6 Commitments on securities	089	0	0
	7 Liabilities to companies in which are participating interests	090	0	0
	8 Other long term liabilities	091	0	0
	9 Deferred tax liabilities	092	0	0
D	SHORT TERM LIABILITIES (094 do 105)	093	419,034,806	381,233,744
	1 Liabilities to related parties	094	0	0
	2 Commitments for loans, deposits, etc	095	0	0
	3 Liabilities to banks and other financial institutions	096	216,437,090	151,187,409
	4 Liabilities for advances	097	34,441,882	29,477,663
	5 Trade payables	098	150,109,610	178,535,938
	6 Commitments on securities	099	0	0
	7 Liabilities to companies in which are participating interests	100	192,011	76,974
	8 Liabilities towards employees	101	9,074,600	10,507,469
	9 Liabilities for taxes, contributions and other benefits	102	8,646,506	11,384,094
	10 Liabilities to share in the result	103	27,856	27,856
	11 Amount based on fixed assets intended to sale	104	0	0
	12 Other short-term liabilities	105	105,250	36,341
E	DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	25,483,146	21,135,637
F	TOTAL LIABILITIES (062+079+083+093+106)	107	1,340,756,834	1,336,909,344
G	OFF BALANCE SHEET ITEMS	108	33,972,091	34,540,180

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	697,385,457	711,659,091
	2 Ascribed to minority interest	110	30	65

Note 1: Appendix to Balance sheet fill companies who make consolidated financial statements.

A

B

Profit and loss account Reporting period: 01.01.2017. to 30.09.2017.

Taxpayer: AD Plastik Group

		AOP	Preceding period		Current period
		Item 1	ind. 2	Cumulative 3	Quarter 4	Cumulative 5	Quarter 6
I.		OPERATING TURNOVER (112+113)	111	736,052,956	223,871,541	779,535,921	248,236,279
		1 Income from sales	112	715,848,835	219,718,088	766,852,020	246,588,802
		2 Other operating income	113	20,204,121	4,153,453	12,683,901	1,647,477
II.		OPERATING CHARGES (115+116+120+124+125+126+129+130)	114	693,906,540	219,258,182	724,469,775	236,640,380
		1 Changes in the value of inventories of work in progress and finished goods	115	1,838,343	-1,113,150	1,439,625	-1,720,541
		2 Material charges (117 up to 119)	116	420,552,898	123,471,454	475,601,110	157,362,080
		a Costs of raw materials and consumables	117	361,542,458	107,269,197	396,584,991	128,283,285
		b Costs of sales	118	16,319,848	5,857,110	27,404,140	11,845,239
		c Other external charges	119	42,690,592	10,345,147	51,611,979	17,233,556
		3 Staff costs (121 up to 123)	120	128,641,261	44,048,175	137,304,686	47,706,527
		a Salaries and wages	121	79,128,139	27,115,533	86,807,891	29,887,798
		b Costs of taxes and social security	122	28,751,162	10,161,840	28,651,697	10,408,258
		c Duties on wages	123	20,761,960	6,770,802	21,845,098	7,410,470
		4 Depreciation	124	57,227,156	19,754,838	62,424,917	20,533,322
		5 Other costs	125	74,478,734	30,048,607	39,360,346	11,461,792
		6 Impairment (127+128)	126	0	0	0	0
		a Fixed assets (excluding financial assets)	127	0	0	0	0
		b Current assets (excluding financial assets)	128	0	0	0	0
		7 Provisions	129	0	0	2,893,029	387,109
		8 Other operating expenses	130	11,168,147	3,048,258	5,446,062	910,092
III.		FINANCIAL INCOME (132 up to 136)	131	24,274,221	8,092,505	19,712,643	5,386,258
		1 Interests, exchange rate difference, dividends with affiliates	132	6,541,367	3,582,079	9,113,625	2,423,071
		2 Interests, exchange rate difference, dividends with non-affiliates	133	14,131,911	3,503,820	10,582,530	2,951,231
		3 Part of income from affiliates and participated interests	134	3,600,943	1,006,606	16,488	11,956
		4 Non-realized financial income	135	0	0	0	0
		5 Other financial income	136	0	0	0	0
IV.		FINANCIAL CHARGES (138 up to 141)	137	62,759,755	17,507,332	60,898,816	18,982,692
		1 Interests, exchange rate difference, dividends with affiliates	138	17,571,326	8,520,573	33,930,545	10,557,801
		2 Interests, exch. rate difference, dividends with non-affiliates	139	45,188,429	8,986,759	26,968,271	8,424,890
		3 Non-realized financial charges	140	0	0	0	0
		4 Other financial charges	141	0	0	0	0
V.		SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142	27,557,607	7,829,171	28,884,578	5,724,486
VI.		SHARE OF LOSS FROM ASSOCIATED COMPANIES	143	0	0	0	0
VII.		EXTRAORDINARY – OTHER INCOME	144	0	0	0	0
VIII		EXTRAORDINARY – OTHER CHARGES	145	0	0	0	0
IX.		TOTAL INCOME (111+131+142 + 144)	146	787,884,784	239,793,217	828,133,142	259,347,024
X.		TOTAL CHARGES (114+137+143 + 145)	147	756,666,295	236,765,514	785,368,590	255,623,072
XI.		PROFIT OR LOSS BEFORE TAXATION (146-147)	148	31,218,489	3,027,703	42,764,552	3,723,952
		1 Profit before taxation (146-147)	149	31,218,489	3,027,703	42,764,552	3,723,952
		2 Loss before taxation (147-146)	150	0	0	0	0
XII.		PROFIT TAX	151	63,518	1,493	1,103,892	973,888
XIII		PROFIT OR LOSS FOR THE PERIOD (148-151)	152	31,154,971	3,026,210	41,660,660	2,750,064
		1 PROFIT FOR THE PERIOD (149-151)	153	31,154,971	3,026,210	41,660,660	2,750,064
		2 LOSS FOR THE PERIOD (151-148)	154	0	0	0	0

Profit and loss account Reporting period: 01.01.2017. to 30.09.2017.

Taxpayer: AD Plastik Group

AOP Item ind.		Preceding period		Current period
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6

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	31,153,543	3,026,044	41,660,626	2,750,069
	2 Attributable to minority interests	156	1,428	166	35	-5

Report for other comprehensive income (only for the taxpayer applying IFRS)

I.	PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	31,154,971	3,026,210	41,660,660	2,750,064
II.	OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	23,432,513	-5,300,261	-18,082,774	-2,403,174
	1 Exchange differences on translation of foreign operations	159	23,295,119	-3,608,711	-13,650,977	-955,966
	2 Movements in revaluation reserves of fixed and intangible assets	160	136,204	-1,692,741	-4,407,723	-1,423,133
	3 Profit or loss from revaluation of financial assets available for sale	161	0	0	0	0
	4 Gains or losses on effective cash flow protection	162	0	0	0	0
	5 Gains or losses on effective hedge of a net investment abroad	163	0	0	0	0
	6 Share of other comprehensive income / loss of associated compa nies	164	0	0	0	0
	7 Actuarial gains / losses on defined benefit plans	165	0	0	0	0
III.	TAX ON OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD	166	4,607,456	-1,049,171	-2,702,388	-240,772
IV.	OTHER COMPREHENSIVE NET PROFIT OR LOSS (158-166)	167	18,825,058	-4,251,090	-15,380,387	-2,162,401
V.	OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	49,980,029	-1,224,880	26,280,274	587,663

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	49,974,906	-1,223,674	26,280,312	587,741
	2 Attributable to minority interests	170	5,123	-1,207	-38	-78

CONTENTS

A

Taxpayer: AD Plastik Group

Cash flow statement indirect method Reporting period: 01.01.2017. to 30.09.2017.

CASH FLOW FROM OPERATING ACTIVITIES
1 Profit before taxation	001	31,218,489	42,764,552
2 Depreciation	002	57,227,156	62,424,917
3 Increase of current liabilities	003	0	25,342,789
4 Decrease of current receivables	004	0	0
5 Decrease in stocks	005	0	0
6 Other increase of cash flow	006	79,600,229	58,410,319
I. Total increase of cash flow from operating activities (001 - 006)	007	168,045,873	188,942,576
1 Decrease of current liabilities	008	30,582,642	0
2 Increase of current receivables	009	32,392,366	93,071,295
3 Increase in stocks	010	4,102,345	21,478,987
4 Other decrease of cash flow	011	36,382,840	39,294,564
II. Total decrease of cash flow from operating activities (008 – 011)	012	103,460,192	153,844,845
A1 NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	013	64,585,681	35,097,731
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	8,102,410	1,202,339
2 Cash inflows from sale of ownership and debt instruments	016	128,500	0
3 Cash inflows from interest	017	0	9,757,973
4 Cash inflows from dividends	018	37,333,051	31,282,062
5 Other cash inflows from investment activities	019	2,175,000	50,216,331
III. Total cash inflows from investment activities (015-019)	020	47,738,961	92,458,704
1 Cash expenditures for purchase of fixed tangible and intangible assets	021	34,085,374	56,444,866
2 Cash expenditures for acquisition of ownership and debt instruments	022	0	0
3 Other cash expenditures from investment activities	023	1,432,234	0
IV. Total cash expenditures from investment activities (021-023)	024	35,517,607	56,444,866
B1 NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024)	025	12,221,354	36,013,839
B2 NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020)	026	0	0
CASH FLOW FROM FINANCIAL ACTIVITIES
1 Cash inflows from issuing ownership and debt financial instruments	027	0	0
2 Cash inflows from credit principal, debentures, loans and other borrowings	028	92,631,654	213,574,745
3 Other inflows from financial activities	029	0	0
V. Total cash inflows from financial activities (027-029)	030	92,631,654	213,574,745
1 Cash expenditures for the payment of credit principal and debentures	031	113,560,823	249,199,011
2 Cash expenditures for the payment of dividends	032	50,044,304	35,489,263
3 Cash expenditures for financial lease	033	2,887,974	2,341,451
4 Cash expenditures for repurchase of own shares	034	0	0
5 Other cash expenditures from financial activities	035	0	0
VI. Total cash expenditures from financial activities (031-035)	036	166,493,101	287,029,725
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	73,861,448	73,454,980
Total cash flow increase (013-014+025-026+037-038)	039	2,945,588	0
Total cash flow decrease (014-013+026-025+038-037)	040	0	2,343,411
Cash and cash equivalents at the beginning of the period	041	12,383,774	10,422,413
Cash and cash equivalents increase	042	2,945,588	0
Cash and cash equivalents decrease	043	0	2,343,411

Item AOP ind. Preceding period Current period 1 2 3 4

Statement of changes in equity Reporting period: 01.01.2017. to 30.09.2017.

Taxpayer: AD Plastik Group

Item 1	AOP ind. 2	Preceding year 3	Current period 4
1 Subscribed capital	001	419,958,400	419,958,400
2 Capital reserves	002	183,470,242	191,971,409
3 Reserves from profit	003	27,195,291	-10,623,172
4 Retained profit or loss carried over	004	20,583,966	79,882,614
5 Current year profit or loss	005	31,153,543	41,660,626
6 Revalorisation of fixed material assets	006	21,169,495	15,728,861
7 Revalorisation of intangible assets	007		0
8 Revalorisation of financial assets available for sale	008		0
9 Other revalorisation	009	-47,706,995	-26,919,581
10 Total equity and reserves (AOP 001-009)	010	655,823,942	711,659,156
11 Exchange rate variations from net investments into foreign business operations	011	23,295,119	-13,650,977
12 Current and deferred taxes (part)	012	-4,607,456	1,598,496
13 Cash flow protection	013		0
14 Changes in bookkeeping policies	014		0
15 Correction of significant mistakes from the previous period	015		0
16 Other changes to capital	016	14,179,566	26,326,150
17 Total equity increase or decrease (AOP 011 - 016)	017	32,867,229	14,273,669
17 a Ascribed to holders of the holders company capital	018	32,863,705	14,273,634
17 b Ascribed to minority interest	019	3,524	35

Items reducing Capital are entered with negative sign.

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

Balance sheet	22
Profit and loss account	24
Cash flow (indirect method)	26
Statement of changes in equity	27

Appendix 1 Quarterly financial statement, AD Plastik d.d.

Reporting period: 01.01.2017. to 30.09.2017.

Quarterly financial statement of the entrepreneur - TFI-POD

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:		informacije@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 reporting period):		1,306
Consolidated report:	NO	Šifra NKD-a:	2932
Names of consolidation subjects (according to IFRS):	Seat:		REG. NO.:
Bookkeeping service:
Contact person:	Sandra Capan
(only the name and surname of the contact person to be entered)
Telephone:	021/206-651
Fax:	021/275-651
E-mail address:		sandra.capan@adplastik.hr
Name and surname:	Sanja Biočić
(person authorised for representation)
Documentation for publishing:
Financial statements (balance sheet, profit and loss statement, cash flow statement, 1.

• changes in equity and notes to financial statements)
• 1. Interim report
• 1. Statement of the person responsible for compiling financial statements

Place of the seal (signature of the person authorised for representation) A

as at 30.09.2017. Balance sheet Taxpayer: AD Plastik d.d.

	Item	AOP ind.	Preceding year	Current year
	1	2	3	4
ASSETS
A	RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B	FIXED ASSETS (003+010+020+029+033)	002	884,909,750	860,197,143
	I. Intangible assets (004 up to 009)	003	93,748,704	88,715,278
	1 Development costs	004	72,457,118	63,783,288
	2 Concessions, patents, licenses, trademarks, softwares and other rights	005	1,238,643	1,601,635
	3 Goodwill	006	0	0
	4 Advances for purchase of intangible assets	007	0	0
	5 Intangible assets in preparation	008	20,052,942	23,330,355
	6 Other intangible assets	009	0	0
	II. Tangible assets (011 up to 019)	010	498,951,007	507,685,018
	1 Land	011	147,283,499	147,283,499
	2 Buildings	012	183,487,665	181,051,944
	3 Plants and machinery	013	143,036,378	136,431,999
	4 Tools, plant & office inventory, furniture & transport means	014	11,755,768	11,072,469
	5 Biological assets	015	0	0
	6 Payments on account for tangible assets	016	0	0
	7 Tangible assets in preparation	017	5,323,560	23,941,879
	8 Other tangible assets	018	0	0
	9 Investment in real estate	019	8,064,138	7,903,230
	III. Fixed financial assets (021 up to 028)	020	153,112,668	161,637,402
	1 Shares in affiliated undertakings	021	44,383,495	44,383,495
	2 Loans to affiliated undertakings	022	81,988,724	91,560,686
	3 Participating interests (shares)	023	21,779,155	21,779,155
	4 Given loans to companies in which exist participating interests	024	0	0
	5 Investments in securities	025	61,700	61,700
	6 Other loans, deposits etc	026	4,899,594	3,852,366
	7 Other fixed financial assets	027	0	0
	8 Investment stated in equity method	028	0	0
	IV. Receivables (030 up to 032)	029	135,936,843	100,886,004
	1 Receivables from associated undertakings	030	135,936,843	100,886,004
	2 Receivables from sales on credit	031	0	0
	3 Other receivables	032	0	0
	V. Deffered tax assets	033	3,160,529	1,273,441
C	CURRENT ASSETS (035+043+050+058)	034	290,891,627	353,535,148
	I. Inventory (036 up to 042)	035	54,643,708	72,741,336
	1 Materials and supplies	036	36,552,513	52,433,655
	2 Work in progress	037	4,063,333	5,385,551
	3 Finished goods	038	10,693,346	9,457,780
	4 Commercial goods	039	3,334,516	5,464,350
	5 Advances for inventories	040	0	0
	6 Long term assets held for sale	041	0	0
	7 Biological assets	042	0	0
	II. Receivables (044 up to 049)	043	184,053,868	271,862,515
	1 Receivables from associated undertakings	044	56,766,845	69,987,930
	2 Trade receivables	045	95,705,485	134,426,194
	3 Receivables from participating companies	046	4,150,673	12,422,885
	4 Receivables from employees and members of the business	047	132,133	133,264
	5 Receivables from government and other institutions	048	5,314,813	8,809,778
	6 Other receivables	049	21,983,920	46,082,464
	III. Current financial assets (051 up to 057)	050	48,160,740	6,968,368
	1 Shares in affiliated undertakings	051	0	0
	2 Loans to affiliates	052	0	6,748,213
	3 Participating interests (shares)	053	0	0
	4 Given loans to companies in which exist participating interests	054	0	0
	5 Investments in to securities	055	0	0
	6 Other loans, deposits etc	056	48,160,740	220,155
	7 Other financial assets	057	0	0
	IV. Cash at bank and in hand	058	4,033,311	1,962,929
D	PREPAYMENT AND ACCRUED INCOME	059	48,634,327	18,915,933
E	TOTAL ASSETS (001+002+034+059)	060	1,224,435,704	1,232,648,224

F OFF BALANCE SHEET ITEMS 061 4,738,178 5,514,607

A

as at 30.09.2017. Balance sheet Taxpayer: AD Plastik d.d.

PASIVA A CAPITAL AND RESERVES (063+064+065+071+072+075+078) 062 665,718,184 I. SUBSCRIBED SHARE CAPITAL 063 419,958,400 II. CAPITAL RESERVES 064 191,565,301 III. RESERVES FROM GAIN (066+067-068+069+070) 065 27,184,402 1 Legal reserves 066 6,128,852 2 Reserves for own shares 067 3,875,120 3 Own stocks and shares (deductible item) 068 3,875,120 4 Statutory reserves 069 0 5 Other reserves 070 21,055,550 IV. REVALUATION RESERVES 071 -11,336,615 V. RETAINED EARNINGS OR LOSS BROUGHT FORWARD (073-074) 072 0 1 Retained earnings 073 0 2 Loss brought forward 074 0 VI. CURRENT YEAR PROFIT OR LOSS (076-077) 075 38,346,696 36,119,886 1 Current year profit 076 38,346,696 36,119,886 2 Current year loss 077 0 VII. MINOR INTEREST 078 0 B PROVISIONS (080 up to 082) 079 10,555,972 6,849,054 1 Provisions for pensions, severance pay and similar obligations 080 2,102,178 2,102,178 2 Provisions for tax liabilities 081 0 3 Other provisions 082 8,453,794 4,746,876 C LONG TERM LIABILITIES (084 up to 092) 083 174,412,368 209,048,547 1 Liabilities to related parties 084 0 2 Commitments for loans, deposits, etc 085 0 3 Liabilities to banks and other financial institutions 086 162,353,095 201,628,583 4 Liabilities for advances 087 0 5 Trade payables 088 12,059,273 7,419,964 6 Commitments on securities 089 0 7 Liabilities to companies in which are participating interests 090 0 8 Other long term liabilities 091 0 9 Deferred tax liabilities 092 0 D SHORT TERM LIABILITIES (094 do 105) 093 359,629,728 325,998,552 1 Liabilities to related parties 094 5,453,585 9,735,096 2 Commitments for loans, deposits, etc 095 0 3 Liabilities to banks and other financial institutions 096 206,333,849 144,356,704 4 Liabilities for advances 097 12,249,328 10,174,389 5 Trade payables 098 124,374,987 149,546,715 6 Commitments on securities 099 0 7 Liabilities to companies in which are participating interests 100 82,009 76,974 8 Liabilities towards employees 101 7,074,711 7,776,729 9 Liabilities for taxes, contributions and other benefits 102 4,015,713 4,286,400 10 Liabilities to share in the result 103 27,856 27,856 11 Amount based on fixed assets intended to sale 104 0 12 Other short-term liabilities 105 17,690 17,690		Item	AOP ind.	Preceding year	Current year
		1	2	3	4
					675,858,991
					419,958,400
					191,565,301
					27,876,794
					6,128,852
					3,855,762
					3,855,762
					0
					21,747,942
					-2,522,941
					2,861,551
					2,861,551
					0
					0
					0
					0
					0
					0
					0
					0
					0
					0
					0
					0
					0
					0
	E	DEFERRED PAYMENT OF COSTS AND FUTURE INCOME	106	14,119,452	14,893,079
F TOTAL LIABILITIES (062+079+083+093+106) 107 1,224,435,704					1,232,648,224
G OFF BALANCE SHEET ITEMS 108 4,738,178					5,514,607

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

Note 1: Appendix to Balance sheet fill companies who make consolidated financial statements.

A

Profit and loss account Reporting period: 01.01.2017. to 30.09.2017.

Taxpayer: AD Plastik d.d.

		AOP Preceding period		Current period
	Item 1	ind. 2	Cumulative 3	Quarter 4	Cumulative 5	Quarter 6
I.	OPERATING TURNOVER (112+113)	111	570,240,479	172,265,189	588,472,271	187,543,175
	1 Income from sales	112	556,250,283	162,283,442	579,008,908	184,544,063
	2 Other operating income	113	13,990,196	9,981,748	9,463,363	2,999,112
II.	OPERATING CHARGES (115+116+120+124+125+126+129+130)	114	548,072,938	174,674,325	560,689,436	183,311,950
	1 Changes in the value of inventories of work in progress and finished goods	115	-230,417	-1,829,387	-86,651	-534,588
	2 Material charges (117 up to 119)	116	345,162,423	99,175,066	390,805,718	127,920,174
	a Costs of raw materials and consumables	117	265,582,903	74,358,819	271,529,090	82,663,569
	b Costs of sales	118	46,207,063	15,781,432	81,729,923	32,700,359
	c Other external charges	119	33,372,457	9,034,814	37,546,705	12,556,246
	3 Staff costs (121 up to 123)	120	95,139,096	32,157,145	96,306,803	34,027,525
	a Salaries and wages	121	56,567,907	18,778,736	59,523,388	20,819,521
	b Costs of taxes and social security	122	24,476,684	8,731,196	23,239,412	8,486,354
	c Duties on wages	123	14,094,505	4,647,213	13,544,004	4,721,649
	4 Depreciation	124	36,540,605	12,520,306	38,652,327	13,077,184
	5 Other costs	125	62,911,464	29,861,409	29,040,011	8,758,952
	6 Impairment (127+128)	126	0	0	0	0
	a fixed assets (excluding financial assets)	127	0	0	0	0
	b current assets (excluding financial assets)	128	0	0	0	0
	7 Provisions	129	0	0	2,505,921	0
	8 Other operating expenses	130	8,549,767	2,789,787	3,465,307	62,704
III.	FINANCIAL INCOME (132 up to 136)	131	54,515,165	22,810,225	45,919,424	14,426,055
	1 Interests, exchange rate difference, dividends with affiliates	132	3,464,509	1,039,052	7,075,475	1,889,854
	2 Interests, exchange rate difference, dividends with non-affiliates	133	8,261,711	2,122,595	7,351,153	2,030,748
	3 Part of income from affiliates and participated interests	134	42,788,945	19,648,578	31,492,796	10,505,453
	4 Non-realized financial income	135	0	0	0	0
	5 Other financial income	136	0	0	0	0
IV.	FINANCIAL CHARGES (138 up to 141)	137	41,411,581	7,452,720	37,652,033	11,211,342
	1 Interests, exchange rate difference, dividends with affiliates	138	1,644,469	249,980	14,976,995	3,881,633
	2 Interests, exchange rate difference, dividends with non-affiliates	139	39,767,112	7,202,740	22,675,038	7,329,709
	3 Non-realized financial charges	140	0	0	0	0
	4 Other financial charges	141	0	0	0	0
V.	SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142	0	0	0	0
VI.	SHARE OF LOSS FROM ASSOCIATED COMPANIES	143	0	0	0	0
VII.	EXTRAORDINARY – OTHER INCOME	144	0	0	0	0
VIII	EXTRAORDINARY – OTHER CHARGES	145	0	0	0	0
IX.	TOTAL INCOME (111+131+142 + 144)	146	624,755,644	195,075,415	634,391,695	201,969,229
X.	TOTAL CHARGES (114+137+143 + 145)	147	589,484,518	182,127,045	598,341,469	194,523,292
XI.	PROFIT OR LOSS BEFORE TAXATION (146-147)	148	35,271,126	12,948,369	36,050,226	7,445,937
	1 Profit before taxation (146-147)	149	35,271,126	12,948,369	36,050,226	7,445,937
	2 Loss before taxation (147-146)	150	0	0	0	0
XII.	PROFIT TAX	151		0	-69,660	0
XIII	PROFIT OR LOSS FOR THE PERIOD (148-151)	152	35,271,126	12,948,369	36,119,886	7,445,937
	1 PROFIT FOR THE PERIOD (149-151)	153	35,271,126	12,948,369	36,119,886	7,445,937
	2 LOSS FOR THE PERIOD (151-148)	154	0	0	0	0

A

Profit and loss account Reporting period: 01.01.2017. to 30.09.2017.

Taxpayer: AD Plastik d.d.

	AOP	Preceding period		Current period
Item	ind.	Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6

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
	2 Attributable to minority interests	156

Report for other comprehensive income (only for the taxpayer applying IFRS)

I.	PROFIT OR LOSS FOR THE CURRENT PERIOD (= 152)	157	35,271,126	12,948,369	36,119,886	7,445,937
II.	OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAXATION (159 up to 165)	158	2,731,600	-284,032	0	0
	1 Exchange differences on translation of foreign operations	159	2,731,600	-284,032	0	0
	2 Movements in revaluation reserves of fixed and intangible assets	160	0	0	0	0
	3 Profit or loss from revaluation of financial assets available for sale	161	0	0	0	0
	4 Gains or losses on effective cash flow protection	162	0	0	0	0
	5 Gains or losses on effective hedge of a net investment abroad	163	0	0	0	0
	6 Share of other comprehensive income / loss of associated compa nies	164	0	0	0	0
	7 Actuarial gains / losses on defined benefit plans	165	0	0	0	0
III.	TAX ON OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD	166	546,320	-56,806	0	0
IV.	OTHER COMPREHENSIVE NET PROFIT OR LOSS (158-166)	167	2,185,280	-227,226	0	0
V.	OTHER COMPREHENSIVE PROFIT OR LOSS FOR THE PERIOD (157+167)	168	37,456,406	12,721,144	36,119,886	7,445,937

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

A

CONTENTS

CONTENTS

A

Taxpayer: AD Plastik d.d.

C

Cash flow statement indirect method Reporting period: 01.01.2017. to 30.09.2017.

1	2	3	4
CASH FLOW FROM OPERATING ACTIVITIES
1 Profit before taxation	001	35,271,126	36,050,226
2 Depreciation	002	36,540,605	38,652,327
3 Increase of current liabilities	003	0	29,217,883
4 Decrease of current receivables	004	0	0
5 Decrease in stocks	005	0	0
6 Other increase of cash flow	006	49,457,002	42,413,036
I. Total increase of cash flow from operating activities (001 - 006)	007	121,268,732	146,333,473
1 Decrease of current liabilities	008	28,521,316	0
2 Increase of current receivables	009	12,061,031	73,782,355
3 Increase in stocks	010	1,706,419	18,097,627
4 Other decrease of cash flow	011	34,416,004	39,955,632
II. Total decrease of cash flow from operating activities (008 – 011)	012	76,704,770	131,835,615
A1 NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	013	44,563,962	14,497,858
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	3,531,596	1,107,493
2 Cash inflows from sale of ownership and debt instruments	016	128,500	0
3 Cash inflows from interest	017	930,965	13,591,847
4 Cash inflows from dividends	018	37,333,051	31,282,062
5 Other cash inflows from investment activities	019	2,175,000	49,592,981
III. Total cash inflows from investment activities (015-019)	020	44,099,112	95,574,382
1 Cash expenditures for purchase of fixed tangible and intangible assets	021	25,309,134	49,365,469
2 Cash expenditures for acquisition of ownership and debt instruments	022	0	0
3 Other cash expenditures from investment activities	023	0	0
IV. Total cash expenditures from investment activities (021-023)	024	25,309,134	49,365,469
B1 NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024)	025	18,789,978	46,208,913
B2 NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020)	026	0	0
CASH FLOW FROM FINANCIAL ACTIVITIES
1 Cash inflows from issuing ownership and debt financial instruments	027	0	0
2 Cash inflows from credit principal, debentures, loans and other borrowings	028	88,489,465	213,574,745
3 Other inflows from financial activities	029	0	0
V. Total cash inflows from financial activities (027-029)	030	88,489,465	213,574,745
1 Cash expenditures for the payment of credit principal and debentures	031	93,279,399	238,525,301
2 Cash expenditures for the payment of dividends	032	50,044,304	35,485,145
3 Cash expenditures for financial lease	033	2,887,974	2,341,451
4 Cash expenditures for repurchase of own shares	034	0	0
5 Other cash expenditures from financial activities	035	0	0
VI. Total cash expenditures from financial activities (031-035)	036	146,211,677	276,351,898
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	57,722,211	62,777,153
Total cash flow increase (013-014+025-026+037-038)	039	5,631,729	0
Total cash flow decrease (014-013+026-025+038-037)	040	0	2,070,382
Cash and cash equivalents at the beginning of the period	041	3,413,687	4,033,311
Cash and cash equivalents increase Cash and cash equivalents decrease	042 043	5,631,729 0	0 2,070,382
Cash and cash equivalents at the end of the period	044	9,045,416	1,962,929

Item AOP ind. Preceding period Current period

Statement of changes in equity

Reporting period: 01.01.2017. to 30.09.2017. Taxpayer: AD Plastik d.d.

Item	AOP ind.	Preceding year	Current period
1	2	3	4
1 Subscribed capital	001	419,958,400	419,958,400
2 Capital reserves	002	183,075,797	191,565,301
3 Reserves from profit	003	27,184,402	27,876,794
4 Retained profit or loss carried over	004	0	100,822,960
5 Current year profit or loss	005	35,271,126	33,523,865
6 Revalorisation of fixed material assets	006	0	0
7 Revalorisation of intangible assets	007	0	0
8 Revalorisation of financial assets available for sale	008	0	0
9 Other revalorisation	009	-12,646,668	-2,522,941
10 Total equity and reserves (AOP 001-009)	010	652,843,057	771,224,379
11 Exchange rate variations from net investments into foreign business operations	011	2,731,600	0
12 Current and deferred taxes (part)	012	-546,320	69,660
13 Cash flow protection	013	0	0
14 Changes in bookkeeping policies	014	0	0
15 Correction of significant mistakes from the previous period	015	0	0
16 Other changes to capital	016	5,686,136	105,436,536
17 Total equity increase or decrease (AOP 011 - 016)	017	7,871,416	105,506,196
17 a Ascribed to holders of the holders company capital	018
17 b Ascribed to minority interest	019

Items reducing Capital are entered with negative sign.

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

A

Management's

A

MANAGEMENT REPORT AD PLASTIK GROUP

CONTENTS

A

D

Solin, October 2017

Management's statement of responsibility

The financial statements of AD Plastik Group and the Company AD Plastik d.d. Solin are prepared in accordance with the International Financial Reporting Standards (IFRS) and the Croatian Law on Accounting.

The consolidated financial statements of AD Plastik Group and the financial statements of the Company AD Plastik d.d. for the period from January 1 to September 30 2017, give a complete and true review of the assets and liabilities, profit and loss, financial position and business activities of the issuers and companies included in the consolidation as a whole.

The management report for the period until September 30 2017, contains 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 to which the Company is exposed.

President of the Management Board

Marinko Došen

Member of the Management Board

Sanja Biočić

The Company is registered at the Court Register of the Commercial Court of Split under the Registered Company Number (MBS): 060007090 Company Identification Number (OIB): 48351740621 IBAN: HR04 2340 0091 1101 5371 1, Privredna banka Zagreb d.d., Zagreb

The capital stock in the amount of HRK 419,958,400 was paid in full. AD Plastik issued a total of 4,199,584 of ordinary shares, in nominal amount of HRK 100. President of the Management Board: Marinko Došen Management Board members: Katija Klepo, Sanja Biočić, Mladen Peroš President of the Supervisory Board: Dmitrij Leonidovič Drandin

Your needs. Our drive.

SOLIN, OCTOBER 2017 WWW.ADPLASTIK.HR