Dalekovod d.d.

Management Reports • Mar 3, 2022

DALEKOVOD D.D.

REPORT ON THE IMPLEMENTATION OF FINANCIAL RESTRUCTURING 32nd IMPLEMENTATION REPORT (Q4 2021)

1. Balance sheets, income, and cash flow statements

The report was compiled in accordance with the provision of Art. 79, paragraph 4 of the Financial Operations and Pre-Bankruptcy Settlement Act. It refers, in all its contents, to the period from 1 January 2014 to 31 December2021.

Pre-bankruptcy settlement (hereinafter "settlement") over the debtor Dalekovod d.d. Zagreb (hereinafter "the Company") was reached at the hearing before the Commercial Court in Zagreb on 29/01/2014 and it became final on 14/02/2014.

In accordance with the provisions of Article 79, paragraph 4 of the Law on Financial Operations and Pre-Bankruptcy Settlement, the report contains:

1. description of financial restructuring measures implemented and their impact on a debtor in terms of liquidity and solvency,

2. total amount of payment of creditors' claims, in the shares in which these claims were paid,

3. quarterly balance sheets, income statement, and cash flow statement,

4. statement by the debtor that he has not taken any action that would result in bringing the creditor into an unequal position.

2. Description of the financial restructuring measures implemented and their impact on the debtor in terms of liquidity and solvency and the total amount of payment of creditors' claims, in the shares in which these claims were paid

In the period from 14/02/2014 when the final decision on the pre-bankruptcy settlement came into force by 31/12/2021 the following financial restructuring measures have been implemented:

A) The share capital was reduced to cover the accumulated losses, and accordingly, the nominal value of the share was reduced from HRK 100 to HRK 10.

B) The conversion of part of the debt to creditors into the capital was carried out, 852,168 new shares were issued and thus the share capital of the Company was increased by HRK 8,521,680.

C) A recapitalization of HRK 150,000,000 was made by payment in cash to finance investments and the development of the company. The recapitalization was performed by the company Konsolidator d.o.o. at HRK 10 per share. 15,000,000 new shares were issued and the share capital was increased by HRK 150,000,000.

D) Recapitalization of HRK 59,998,720 was carried out by payment in cash for financing investments and development of the company. The recapitalization was carried out by the existing shareholders, with the exclusion of the pre-emptive right of shareholders holding the Company's shares issued for a cash investment based on the decision of the regular General Assembly of the Company dated 22/07/2013 under item 8 of the Agenda, at HRK 10 per share. 5,999,872 new shares were issued and the share capital was increased by HRK 59,998,720.

E) The process of selling shares in the company Dalekovod Professio d.o.o. has been initiated. for investment in renewable energy sources as one of the financial restructuring measures listed in the Settlement.

F) Following the terms of the Settlement, the Company's debt based on co-debt, joint and several guarantee or guarantee in its entirety and claims of other companies based on co-debt for the Company's obligations to third parties have been released.

G) Following the terms of the Settlement, the write-off of interest and fee liabilities was performed.

H) The fair value of long-term liabilities from the pre-bankruptcy settlement on 31/03/2014 was calculated. following International Accounting Standards and represents a one-time significant positive effect on the income statement, and the Company's balance sheet in the amount of HRK 223.8 million. The calculation of fair value will be performed quarterly and will be presented in future financial statements.

I) The payment of the first installment to suppliers was made by a one-time payment in cash. It included 20% of total debt to creditors of categories (j), (k), (l), (m), and (n), and according to Settlement it amounted to HRK 69.8 million.

J) On 31/03/2015 the first of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

K) On 30/06/2015 the second of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

L) On 30/09/2015 the third of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

M) On 30/12/2015 the fourth of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

N) On 31/03/2016 the fifth of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

O) On 30/06/2016 the sixth of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

P) On 30/09/2016 the seventh of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

Q) On 30/12/2016 the eighth of 13 installments was paid to suppliers by a one-time payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

R) On 31/03/2017 the ninth of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

S) On 31/03/2017 the principal of senior debt to banks was paid in the total amount of HRK 4.8 million and interest on loans for the first quarter in the amount of HRK 2.2 million.

T) according to the Decision on Pre-Bankruptcy Settlement and Settlement of Claims of a category (h), claims based on commercial papers issued by the Debtor, and which part of the claims was settled by refinancing through the issue of bonds, Dalekovod d.d. is 14/02/2017 redeemed interest on security marked DLKV-O-302E in the nominal amount of EUR 0.12 per bond, ie according to the middle exchange rate of the CNB 7.462096 HRK / 1 EUR on 14/02/2017 which amounts to HRK 0.89545152 per bond, and interest on the security marked DLKV-O-302A in the nominal amount of HRK 0.12 per bond. Thus, Dalekovod d.d. reduced debt on issued bonds by HRK 3.0 million. The listing agent is Zagrebačka banka d.d. Zagreb.

U) On 01/03/2017 the payment of the contractual penalty was made due to the default of the Debtor of sale and transfer of business shares in the company Dalekovod Professio (following Art.212 of the Settlement) in total amount of HRK 3.7 million.

C) On 30/06/2017 the tenth of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

W) On 30/06/2017 2nd installment of principal of the senior debt to the banks was paid in the total amount of HRK 4.8 million.

X) All liabilities from the pre-bankruptcy settlement to financial institutions have been duly settled. Liabilities were paid based on interest on loans for the second quarter in the amount of HRK 2.5 million, and the basis of annuities on financial leasing of HRK 2.7 million. There are no overdue outstanding liabilities based on invoices issued from liabilities under PSN.

Y) On 29/09/2017 the eleventh installment of 13 installments was paid to suppliers in a single payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million

Z) On 29/09/2017, 3rd installment of the principal of the senior debt to banks was paid in the total amount of HRK 4.8 million.

AA) All obligations from the pre-bankruptcy settlement to financial institutions have been duly settled. Liabilities were paid on basis of interest on loans for third quarter in the amount of HRK 2.5 million, and on basis of annuities on financial leasing in the amount of HRK 2.7 million. There are no overdue outstanding liabilities based on invoices issued from liabilities under PSN

BB) On December 29, 2017, the twelfth of 13 installments was paid to suppliers in a one-time payment in cash, which according to the Settlement amounts to a total of HRK 12.4 million.

CC) On 29/12/2017 fourth installment of the principal of the senior debt to banks was paid in the total amount of million HRK.

DD) All obligations from the pre-bankruptcy settlement to financial institutions have been duly settled. Liabilities were paid on basis of interest on loans for fourth quarter in the amount of HRK 2.5 million, and on basis of annuities on financial leasing in amount of HRK 2.7 million. There are no overdue outstanding liabilities based on invoices issued from liabilities under PSN.

EE) On 02/03/2018 payment of contractual penalty was made due to default of the Debtor of sale and transfer of business shares in company Dalekovod Professio (in accordance with Art. 212 of Settlement) in the total amount of HRK 3.7 million.

FF) On March 30, 2018, the thirteenth of 13 installments was paid to suppliers by a one-time payment into new ones, which according to the Settlement amounts to a total of HRK 12.4 million

GG) On 30/03/2018 the 5th installment of the principal of senior debt to banks was paid in the total amount of HRK 4.8 million

HH) All obligations from the pre-bankruptcy settlement to financial institutions have been duly settled. Liabilities were paid on the basis of interest on loans for the first quarter of 2018 in the amount of HRK 2.5 million, and on the basis of annuities on financial leasing in the amount of HRK 2.7 million. No outstanding liabilities based on issued invoices from liabilities under PSN

II) The 6th installment of the principal of senior debt to banks was paid in the total amount of HRK 4.8 million

JJ) All liabilities from pre-bankruptcy settlement to financial institutions have been duly settled. Liabilities were paid on basis of interest on loans for second quarter of 2018 in amount of HRK 2.37 million, and on basis of annuities on financial leasing in the amount of HRK 2.7 million. There are no overdue outstanding liabilities based on invoices issued from liabilities under PSN

KK) On 14 November 2018, all liabilities based on interest and principal of senior debt from the pre-bankruptcy settlement to financial institutions on loans for the third quarter of 2018 in the amount of HRK 7.2 million were settled, and on the basis of annuities on financial leasing in the amount of HRK 2.7 million.

LL) As of January 14, 2019, all liabilities based on interest and principal of senior debt from the pre-bankruptcy settlement to financial institutions on loans for the fourth quarter of 2018 in the amount of HRK 7.48 million were settled. All liabilities based on annuities on financial leasing in the amount of HRK 2.7 million for the reporting quarter have been settled.

MM) As of May 17, 2019, all liabilities based on interest and principal of senior debt from the pre-bankruptcy settlement to financial institutions on loans for the first quarter of 2019 in the amount of HRK 7.04 million were settled. Liabilities from annuities on financial leasing in the amount of HRK 1.8 million for the reporting quarter were settled.

NN) In the period from 15/01/2019 to 25/02/2019, a payment was made in the amount of HRK 59.47 million. The stated amount of funds was paid to the mezzanine creditors on the basis of the sale of Dalekovod Professio in accordance with pre-bankruptcy settlement

OO) On 14/02/2020, bonds DLKV-O-302A and DLKV-O-302A were redeemed in amount of principal and interest HRK 2.54 mil.

PP) On 10 July 2020, the settlement was concluded with the creditor from the Pre-Bankruptcy Settlement HETA Asset Resolution d.o.o. , on the arrangement of relations from three leasing contracts of which HETA is an excrucial creditor on assets that in nature represent a galvanizing plant in Dugo Selo. Settlement reduced Groups financial debt more than HRK 61 million. With the settlement, the debt on the basis of the 7.4.a claim under a lease agreement in amount greater than HRK 2 million was fully regulated.

RR) On 12 February 2021, DLKV-O-302A and DLKV-O-302A bonds were redeemed in total amount of principal and interest of HRK 2.55 million.

SS) As of November 15, 2021, the Company and the Group have due liabilities based on interest and principal of senior debt from the pre-bankruptcy settlement in the amount of HRK 70.80 million.

TT) On February 14, 2022, bonds DLKV-O-302A and DLKV-O-302E were redeemed in the total principal and interest of HRK 2.55 million.

UU) As of 11.02.2022. The Company settled its liabilities based on the remaining senior debt and mezzanine debt related to them in the total amount of HRK 357.26 million. This payment fully settled all remaining liabilities that initially arise from the following categories of creditors, i.e., 7.4. (a) Claims based on leasing contracts in the amount of more than HRK 2,000,000.00 equivalent on the day of opening the procedure at the middle exchange rate of the CNB for leasing facilities owned by the Debtor previously described under item PP), 7.4. (c) Claims from credit operations secured by liens on the Debtor's property, 7.4. (d) Claims from credit operations against the Debtor secured by the co-debt of the Debtor's subsidiaries, 7.4. (e) Claims from credit operations that are not guaranteed by liens on the Debtor's property or by the co-debt of the Debtor's subsidiaries, 7.4. (i) Claims based on commercial papers issued by the Debtor, which cannot be converted into the Debtor's share capital due to legal restrictions, 7.4. (k) Claims under a contract for the purchase of goods or services by the Debtor for more than HRK 500,000 (equivalent on the day of opening the proceedings at the middle exchange rate of the CNB), which cannot be converted into the Debtor's share capital due to legal restrictions; and creditors' claims with the legal basis of the separable right to the Company's property.

Source: Business results of Dalekovod Group and Dalekovod d.d. for the period I -XII2021

Financial position report

Item	AOP code	Last day of the precending business year	At th reporting date of the current period
1	2	3	4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	-	410,000,000
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	329,131,110	328,689,984
I INTANGIBLE ASSETS (ADP 004 to 009)	003	4,831,284	3,525,549
II TANGIBLE ASSETS (ADP 011 to 019)	010	254,778,531	272,317,124
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	9,473,799	7,686,691
IV RECEIVABLES (ADP 032 to 035)	031	60,047,496	45,160,620
V DEFERRED TAX ASSETS	036	-	-
C) CURRENT ASSETS (ADP 038+046+053+063)	037	579,501,010	574,520,547
I INVENTORIES (ADP 039 to 045)	038	73,240,563	73,531,223
II RECEIVABLES (ADP 047 to 052)	046	432,026,551	441,311,824
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	10,133,765	1,835,865
IV CASH AT BANK AND IN HAND	063	64,100,131	57,841,635
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	14,389,006	6,273,835
E) TOTAL ASSETS (ADP 001+002+037+064)	065	923,021,126	1,319,484,366
OFF-BALANCE SHEET ITEMS	066	449,171,244	436,113,026
LIABILITIES			-
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087)	067	54,749,610	487,599,966
I INITIAL (SUBSCRIBED) CAPITAL	068	247,193,050	412,471,930
II CAPITAL RESERVES	069	86,141,670	-
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	74,182,289	30,213,030
IV REVALUATION RESERVES	076	40,706,979	43,208,115
V FAIR VALUE RESERVES (ADP 078 to 080)	077	-	-
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082-083)	083	(365,957,988)	(18,936,581)
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085-086)	086	(27,516,390)	20,643,472
VIII MINORITY (NON-CONTROLLING) INTEREST	089	-	-
B) PROVISIONS (ADP 089 to 094)	090	33,361,333	29,636,360
C) LONG-TERM LIABILITIES (ADP 096 to 106)	097	285,300,252	70,006,616
D) SHORT-TERM LIABILITIES (ADP 108 to 121)	109	505,811,254	688,675,157
E) ACCRUALS AND DEFERRED INCOME	124	43,798,677	43,566,267
F) TOTAL – LIABILITIES (ADP 067+088+095+107+122)	125	923,021,126	1,319,484,366
G) OFF-BALANCE SHEET ITEMS	126	449,171,244	436,113,026

Profit and loss report

	AOP	Same period of the previous year		Current period
Item	code	Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I OPERATING INCOME (ADP 126 to 130)	001	1,289,656,170	345,427,332	1,383,876,756	273,049,935
2 Income from sales (outside group)	003	1,258,610,548	328,755,327	1,364,232,748	261,425,822
5 Other operating income (outside the group)	006	31,045,622	16,672,005	19,644,008	11,624,113
II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153)	007	1,239,759,478	337,197,597	1,339,934,432	275,494,930
1 Changes in inventories of work in progress and finished goods	008	878,108	(3,472,794)	2,127,638	(3,462,707)
2 Material costs (ADP 134 to 136)	009	762,772,496	222,175,931	858,513,243	161,578,116
a) Costs of raw materials and consumables	010	343,626,493	98,568,816	173,694,482	48,513,905
b) Costs of goods sold	011	55,345,382	12,071,992	237,914,612	17,850,937
c) Other external costs	012	363,800,621	111,535,123	446,904,149	95,213,274
3 Staff costs (ADP 138 to 140)	013	304,058,481	71,605,140	290,009,483	65,701,130
a) Net salaries and wages	014	237,581,864	54,863,744	222,545,355	49,555,160
b) Tax and contributions from salary costs	015	38,948,821	10,140,380	39,043,494	9,458,959
c) Contributions on salaries	016	27,527,796	6,601,016	28,420,634	6,687,011
4 Depreciation	017	27,807,501	7,344,189	31,730,141	8,021,238
5 Other costs	018	31,519,305	13,396,974	35,435,224	12,968,719
6 Value adjustments (ADP 144+145)	019	1,584,639	1,421,498	2,984,788	(1,424,753)
a) fixed assets other than financial assets	020	-	-	(998,597)	(998,597)
b) current assets other than financial assets	021	1,584,639	1,421,498	3,983,385	(426,156)
7 Provisions (ADP 147 to 152)	022	3,303,202	3,303,202	4,055,157	4,055,157
c) Provisions for ongoing legal cases	025	3,303,202	3,303,202	4,055,157	4,055,157
8 Other operating expenses	029	107,835,746	21,423,457	115,078,758	28,058,030
III FINANCIAL INCOME (ADP 155 to 164)	030	6,056,307	(2,101,559)	11,177,278	6,130,742
7 Other interest income	037	678,983	87,196	347,266	53,293
8 Exchange rate differences and other financial income	038	5,377,324	(1,892,901)	9,963,199	5,210,636
10 Other financial income	040	-	(295,854)	866,813	866,813
IV FINANCIAL EXPENSES (ADP 166 to 172)	041	20,163,545	2,266,566	30,632,804	11,810,533
3 Interest expenses and similar expenses	044	6,337,424	35,540	18,169,404	6,322,690
4 Exchange rate differences and other expenses	045	12,670,688	1,075,593	11,518,431	4,542,874
7 Other financial expenses	048	1,155,433	1,155,433	944,969	944,969
IX TOTAL INCOME (ADP 125+154+173 + 174)	053	1,295,712,477	343,325,773	1,395,054,034	279,180,677
X TOTAL EXPENDITURE (ADP 131+165+175 + 176)	054	1,259,923,023	339,464,163	1,370,567,236	287,305,463
XI PRE-TAX PROFIT OR LOSS (ADP 177-178) 1 Pre-tax profit (ADP 177-178)	055 056	35,789,454 35,789,454	3,861,610 3,861,610	24,486,798 24,486,798	(8,124,786) -
2 Pre-tax loss (ADP 178-177)	057	-	-	-	(8,124,786)
XII INCOME TAX	058	10,176,952	9,839,137	3,664,402	3,497,367
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182)	059	25,612,502	(5,977,527)	20,822,396	(11,622,153)
1 Profit for the period (ADP 179-182)	060	25,612,502	-	20,822,396	-
2 Loss for the period (ADP 182-179)	061	-	(5,977,527)	-	(11,622,153)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188)	062	(53,128,892)	(1,826,934)	(178,924)	(104,594)
2 Pre-tax loss on discontinued operations	064	53,128,892	1,826,934	178,924	104,594
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	-	-	-	-
2 Discontinued operations loss for the period (ADP 189-186)	067	53,128,892	1,826,934	178,924	104,594
XVI PRE-TAX PROFIT OR LOSS (ADP 179+186)	068	(17,339,438)	2,034,674	24,307,874	(8,229,380)
1 Pre-tax profit (ADP 192)	069	-	-	24,307,874	(8,229,380)
2 Pre-tax loss (ADP 192)	070	17,339,438	(2,034,674)	-	-
XVII INCOME TAX (ADP 182+189)	071	10,176,952	9,839,137	3,664,402	3,497,367
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 192-195)	072	(27,516,390)	(7,804,463)	20,643,472	(11,726,747)
1 Profit for the period (ADP 192-195)	073	-	-	20,643,472	(11,726,747)
2 Loss for the period (ADP 195-192)	074	27,516,390	7,804,463	-	-
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 200+201)	075	(27,516,390)	(7,804,463)	20,643,472	(11,726,747)
1 Attributable to owners of the parent	076	(27,516,390)	(7,804,463)	20,643,472	(11,726,747)
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	(27,516,390)	(7,804,463)	20,643,472	(11,726,747)
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211)	079	(248,228)	(1,063,035)	2,206,884	(243,708)
1 Exchange rate differences from translation of foreign operations	088	(248,228)	(1,063,035)	(294,252)	(2,744,844)
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212) VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213)	097 098	(248,228) (27,764,618)	(1,063,035) (8,867,498)	2,206,884 22,850,356	(243,708) (11,970,455)
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217)	099	(27,764,618)	(8,867,498)	22,850,356	(11,970,455)
1 Attributable to owners of the parent	100	(27,764,618)	(8,867,498)	22,850,356	(11,970,455)

Cash flow report

		Same period
Item	AOP code	of the previous year	Current period
1	2	3	4
Cash flow from operating activities
1 Pre-tax profit	1	(17,339,439)	24,307,874
2 Adjustments (ADP 003 to 010):	2	44,943,262	59,675,782
a) Depreciation	3	27,807,501	31,730,141
b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets	4	4,641,000	813,363
c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	5	2,103,000	6,172,628
d) Interest and dividend income	6	(679,000)	(347,266)
e) Interest expenses	7	12,671,000	18,169,404
f) Provisions	8	(2,769,000)	(3,724,973)
g) Exchange rate differences (unrealised)	9	961,000	5,866,388
h) Other adjustments for non-cash transactions and unrealised gains and losses	10	207,761	996,096
I Cash flow increase or decrease before changes in working capital (ADP 001+002)	11	27,603,823	83,983,656
3 Changes in the working capital (ADP 013 to 016)	12	9,817,000	(70,311,602)
a) Increase or decrease in short-term liabilities	13	84,790,000	(65,318,090)
b) Increase or decrease in short-term receivables	14	(87,441,000)	(12,585,613)
c) Increase or decrease in inventories	15	12,468,000	(290,660)
d) Other increase or decrease in working capital	16	-	7,882,761
II Cash from operations (ADP 011+012)	17	37,420,823	13,672,054
4 Interest paid	18	(3,778,000)	(2,665,816)
5 Income tax paid	19	(20,542,000)	(2,736,232)
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	20	13,100,823	8,270,006
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	21	636,000	97,735
3 Interest received	23	1,026,000	54,845
5 Cash receipts from repayment of loans and deposits	25	9,281,000	8,146,874
6 Other cash receipts from investment activities	26	1,522,000	-
III Total cash receipts from investment activities (ADP 021 to 026)	27	12,465,000	8,299,454
1 Cash payments for the purchase of fixed tangible and intangible assets	28	(24,822,000)	(8,791,900)
5 Other cash payments from investment activities	32	-	(17,586)
IV Total cash payments from investment activities (ADP 028 to 032)	33	(24,822,000)	(8,809,486)
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	34	(12,357,000)	(510,032)
Cash flow from financing activities
3 Cash receipts from credit principals, loans and other borrowings	37	10,754,000	-
V Total cash receipts from financing activities (ADP 035 to 038)	39	10,754,000	-
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	40	(2,635,000)	(8,773,182)
3 Cash payments for finance lease	42	(4,955,000)	(5,245,288)
5 Other cash payments from financing activities	44	(1,327,000)	-
VI Total cash payments from financing activities (ADP 040 to 044)	45	(8,917,000)	(14,018,470)
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	46	1,837,000	(14,018,470)
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	48	2,580,823	(6,258,496)
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	49	61,519,308	64,100,131
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	50	64,100,131	57,841,635

Report on changes in capital for the current period

		Attributable to owners of the parent
					Reserves	Treasury						Total
Item		Initial			for	shares and				Retained profit	Profit/loss for	attributable to
	AOP	(subscribed)	Capital		treasury	holdings	Statutory		Revaluation	/ loss brought	the business	owners of the
	code	capital	reserves	Legal reserves	shares	(deductible	reserves	Other reserves	reserves	forward	year	parent	Total capital and reserves
												18 (3 do 6 - 7
1	2	3	4	5	6	7	8	9	10	16	17	+ 8 do 17)	20 (18+19)
Current period
1 Balance on the first day of the current business year	28	247,193,050	86,141,670				11,652,410 8,465,950 8,465,950 32,188,407	30,341,472	40,706,979	(365,957,988)	(27,516,390)	54,749,610	54,749,610
4 Balance on the first day of the current business year (restated) (ADP 27 to 29) 31		247,193,050	86,141,670				11,652,410 8,465,950 8,465,950 32,188,407	30,341,472	40,706,979	(365,957,988)	(27,516,390)	54,749,610	54,749,610
5 Profit/loss of the period	3 2	-	-	-	-	-	-	-	-	-	20,643,472	20,643,472	20,643,472
6 Exchange rate differences from translation of foreign operations	3 3	-	-	-	-	-	-	(294,252)	-	-	-	(294,252)	(294,252)
7 Changes in revaluation reserves of fixed tangible and intangible assets	3 4	-	-	-	-	-	-	-	2,501,136	-	-	2,501,136	2,501,136
15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit)	4 2	(244,721,120)	(86,141,670)	(11,486,600)	(428)	(428)	(32,188,407)	-	-	374,537,797	-	-	-
19 Payments from members/shareholders	4 6	410,000,000	-	-	-	-	-	-	-	-	-	410,000,000	410,000,000
22 Transfer to reserves according to the annual schedule	4 9	-	-	-	-	-	-	-	-	(27,516,390)	27,516,390	-	-
24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) 51 412,471,930			-	165,810		8,465,522 8,465,522	-	30,047,220	43,208,115	(18,936,581)	20,643,472	487,599,966	487,599,966
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF	52	-	-	-	-	-	-	(294,252)	2,501,136	-	-	2,206,884	2,206,884
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) 53		-	-	-	-	-	-	(294,252)	2,501,136	-	20,643,472	22,850,356	22,850,356
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48)	54		165,278,880 (86,141,670) (11,486,600)		(428)	(428)	(32,188,407)	-	-	347,021,407	27,516,390	410,000,000	410,000,000

Report on changes in capital for the previous period

		Attributable to owners of the parent
					Reserves	Treasury						Total
Item		Initial			for	shares and				Retained profit	Profit/loss for	attributable to
	AOP	(subscribed)	Capital		treasury	holdings	Statutory		Revaluation	/ loss brought	the business	owners of the
	code	capital	reserves	Legal reserves	shares	(deductible	reserves	Other reserves	reserves	forward	year	parent	Total capital and reserves
												18 (3 do 6 - 7
1	2	3	4	5	6	7	8	9	10	16	17	+ 8 do 17)	20 (18+19)
Previous period
1 Balance on the first day of the previous business year	1	247,193,050	86,141,670				11,652,410 8,465,950 8,465,950 32,188,407	30,589,700	40,706,979	(369,208,977)	3,250,989	82,514,228	82,514,228
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03)4		247,193,050	86,141,670				11,652,410 8,465,950 8,465,950 32,188,407	30,589,700	40,706,979	(369,208,977)	3,250,989	82,514,228	82,514,228
5 Profit/loss of the period	5	-	-	-	-	-	-	-	-	-	(27,516,390)	(27,516,390)	(27,516,390)
6 Exchange rate differences from translation of foreign operations	6	-	-	-	-	-	-	(248,228)	-	-	-	(248,228)	(248,228)
22 Transfer to reserves according to the annual schedule	2 2	-	-	-	-	-	-	-	-	3,250,989	(3,250,989)	-	-
24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) 24 247,193,050			86,141,670				11,652,410 8,465,950 8,465,950 32,188,407	30,341,472	40,706,979	(365,957,988)	(27,516,390)	54,749,610	54,749,610
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX	25	-	-	-	-	-	-	(248,228)	-	-	-	(248,228)	(248,228)
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP	26	-	-	-	-	-	-	(248,228)	-	-	(27,516,390)	(27,764,618)	(27,764,618)
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED	27	-	-	-	-	-	-	-	-	3,250,989	(3,250,989)	-	-

Financial position report

Item	AOP code	Last day of the precending business year	At th reporting date of the current period
1	2	3	4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	-	410,000,000
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	352,620,580	354,676,461
I INTANGIBLE ASSETS (ADP 004 to 009)	003	2,922,549	1,769,596
II TANGIBLE ASSETS (ADP 011 to 019)	010	232,064,683	252,162,520
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	57,585,852	55,583,725
IV RECEIVABLES (ADP 032 to 035)	031	60,047,496	45,160,620
V DEFERRED TAX ASSETS	036	-	-
C) CURRENT ASSETS (ADP 038+046+053+063)	037	463,400,901	459,710,363
I INVENTORIES (ADP 039 to 045)	038	7,679,608	8,185,455
II RECEIVABLES (ADP 047 to 052)	046	394,254,056	384,846,515
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	10,662,167	15,951,837
IV CASH AT BANK AND IN HAND	063	50,805,070	50,726,556
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	11,634,590	5,995,306
E) TOTAL ASSETS (ADP 001+002+037+064)	065	827,656,071	1,230,382,130
OFF-BALANCE SHEET ITEMS	066	436,201,104	425,283,286
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087)	067	19,607,832	448,015,309
I INITIAL (SUBSCRIBED) CAPITAL	068	247,193,050	412,471,930
II CAPITAL RESERVES	069	86,141,670	-
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	43,675,007	-
IV REVALUATION RESERVES	076	40,706,979	43,208,115
V FAIR VALUE RESERVES (ADP 078 to 080)	077	-	-
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082-083)	083	(388,097,152)	(23,571,078)
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085-086)	086	(10,011,722)	15,906,342
VIII MINORITY (NON-CONTROLLING) INTEREST	089	-	-
B) PROVISIONS (ADP 089 to 094)	090	30,030,231	26,085,020
C) LONG-TERM LIABILITIES (ADP 096 to 106)	097	293,322,453	73,150,865
D) SHORT-TERM LIABILITIES (ADP 108 to 121)	109	442,178,145	639,564,670
E) ACCRUALS AND DEFERRED INCOME	124	42,517,410	43,566,266
F) TOTAL – LIABILITIES (ADP 067+088+095+107+122)	125	827,656,071	1,230,382,130
G) OFF-BALANCE SHEET ITEMS	126	436,201,104	425,283,286

Profit and loss report

	AOP	Same period of the previous		Current period
Item	code	year
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I OPERATING INCOME (ADP 126 to 130)	001	1,079,456,226	281,103,327	1,009,393,996	183,181,940
1 Income from sales with undertakings within the group	002	28,307,093	19,871,835	117,251,937	4,293,263
2 Income from sales (outside group) 4 Other operating income with undertakings within the group	003 005	1,018,809,288 8,274,463	244,673,875 (4,600,774)	849,237,640 25,448,031	158,796,645 9,889,882
5 Other operating income (outside the group)	006	24,065,382	21,158,391	17,456,388	10,202,150
II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153)	007	1,024,713,269	266,825,901	975,230,032	183,353,025
2 Material costs (ADP 134 to 136)	009	650,326,824	176,809,970	592,530,251	91,108,154
a) Costs of raw materials and consumables	010	319,352,700	85,626,010	148,866,531	38,262,094
b) Costs of goods sold	011	16,430,551	7,725,993	196,108,682	2,660,789
c) Other external costs	012	314,543,573	83,457,967	247,555,038	50,185,271
3 Staff costs (ADP 138 to 140)	013	241,338,789	56,733,793	229,688,798	50,058,283
a) Net salaries and wages	014	198,373,624	45,595,593	184,642,529	39,659,843
b) Tax and contributions from salary costs	015	23,830,538	5,924,774	24,264,874	5,470,375
c) Contributions on salaries	016	19,134,627	5,213,426	20,781,395	4,928,065
4 Depreciation	017	22,942,088	6,106,503	26,829,564	6,908,828
5 Other costs	018	20,973,820	8,587,712	20,170,711	6,666,922
6 Value adjustments (ADP 144+145)	019	370,181	190,744	4,123,766	(378,375)
a) fixed assets other than financial assets	020	-	-	(998,597)	(998,597)
b) current assets other than financial assets	021	370,181	190,744	5,122,363	620,222
7 Provisions (ADP 147 to 152)	022	2,976,707	2,976,707	3,645,788	3,645,788
c) Provisions for ongoing legal cases 8 Other operating expenses	025 029	2,976,707 85,784,860	2,976,707 15,420,472	3,645,788 98,241,154	3,645,788 25,343,425
III FINANCIAL INCOME (ADP 155 to 164)	030	11,990,601	37,815	16,009,967	8,453,085
1 Income from investments in holdings (shares) of undertakings within the group	031	6,010,620	1,575,890	4,900,336	2,049,867
4 Other interest income from operations with undertakings within the group	034	492,628	236,980	217,054	69,068
7 Other interest income	037	528,384	(162,770)	313,208	85,024
8 Exchange rate differences and other financial income	038	4,958,969	(1,612,285)	9,712,556	5,382,313
10 Other financial income	040	-	-	866,813	866,813
IV FINANCIAL EXPENSES (ADP 166 to 172)	041	19,400,492	2,892,811	30,634,612	12,087,665
1 Interest expenses and similar expenses with undertakings within the group	042	350,281	171,218	429,646	143,018
2 Exchange rate differences and other expenses from operations with undertakings within the group	043	-	(141,251)	-	-
3 Interest expenses and similar expenses	044	12,849,765	8,377,864	18,121,131	6,311,599
4 Exchange rate differences and other expenses	045	5,045,012	(6,670,453)	11,138,868	4,688,081
7 Other financial expenses	048	1,155,434	1,155,433	944,967	944,967
IX TOTAL INCOME (ADP 125+154+173 + 174)	053	1,091,446,827	281,141,142	1,025,403,963	191,635,025
X TOTAL EXPENDITURE (ADP 131+165+175 + 176)	054	1,044,113,761	269,718,712	1,005,864,644	195,440,690
XI PRE-TAX PROFIT OR LOSS (ADP 177-178)	055	47,333,066	11,422,430	19,539,319	(3,805,665)
1 Pre-tax profit (ADP 177-178)	056	47,333,066	11,422,430	19,539,319	-
2 Pre-tax loss (ADP 178-177)	057	-	-	-	(3,805,665)
XII INCOME TAX XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182)	058 059	8,819,973 38,513,093	8,819,973 2,602,457	2,370,977 17,168,342	2,370,977 (6,176,642)
1 Profit for the period (ADP 179-182)	060	38,513,093	2,602,457	17,168,342	-
2 Loss for the period (ADP 182-179)	061	-	-	-	(6,176,642)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188)	062	(48,524,815)	(805,631)	(1,262,000)	(1,262,000)
2 Pre-tax loss on discontinued operations	064	48,524,815	805,631	1,262,000	1,262,000
2 Discontinued operations loss for the period (ADP 189-186)	067	(48,524,815)	(96,243,999)	(1,262,000)	(1,262,000)
XVI PRE-TAX PROFIT OR LOSS (ADP 179+186)	068	(1,191,749)	10,616,798	18,277,319	(5,067,665)
1 Pre-tax profit (ADP 192)	069	-	-	18,277,319	(5,067,665)
2 Pre-tax loss (ADP 192)	070	1,191,749	(10,616,798)	-	-
XVII INCOME TAX (ADP 182+189)	071	8,819,973	8,819,973	2,370,977	2,370,977
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 192-195)	072	(10,011,722)	1,796,825	15,906,342	(7,438,642)
1 Profit for the period (ADP 192-195)	073	-	-	15,906,342	(7,438,642)
2 Loss for the period (ADP 195-192)	074	10,011,722	(1,796,825)	-	-
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	(10,011,722)	1,796,825	15,906,342	(7,438,642)
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211)	079	-	-	2,501,136	2,501,136
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212)	097	-	-	2,501,136	2,501,136
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213)	098	(10,011,722)	1,796,825	18,407,478	(4,937,506)
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217) 1 Attributable to owners of the parent	099 100	(10,011,722) (10,011,722)	1,796,825 1,796,825	18,407,478 18,407,478	(4,937,506) (4,937,506)

Cash flow report

	AOP	Same period of the	Current
Item	code	previous year	period
1	2	3	4
Cash flow from operating activities
1 Pre-tax profit	1	(1,191,749)	18,277,319
2 Adjustments (ADP 003 to 010):	2	26,563,676	51,115,009
a) Depreciation	3	22,942,088	26,829,564
b) Gains and losses from sale and value adjustment of fixed tangible and		(348,000)	813,363
intangible assets	4
c) Gains and losses from sale and unrealised gains and losses and value		738,000	7,434,628
adjustment of financial assets	5
d) Interest and dividend income	6	(7,032,000)	(5,430,598)
e) Interest expenses	7	13,200,000	18,550,777
f) Provisions	8	(1,438,000)	(3,945,210)
g) Exchange rate differences (unrealised)	9	86,000	5,866,388
h) Other adjustments for non-cash transactions and unrealised gains and losses	1 0	(1,584,412)	996,097
I Cash flow increase or decrease before changes in working capital (ADP 001+002)	11	25,371,927	69,392,328
3 Changes in the working capital (ADP 013 to 016)	12	(7,067,000)	(44,894,511)
a) Increase or decrease in short-term liabilities	1 3	95,046,000	(55,928,274)
b) Increase or decrease in short-term receivables	1 4	(100,838,000)	11,539,611
c) Increase or decrease in inventories	1 5	(1,275,000)	(505,848)
II Cash from operations (ADP 011+012)	17	18,304,927	24,497,817
4 Interest paid	18	(3,951,000)	(2,291,433)
5 Income tax paid	19	(19,433,000)	(1,897,281)
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	20	(5,079,073)	20,309,103
Cash flow from investment activities		-	-
1 Cash receipts from sales of fixed tangible and intangible assets	2 1	3,454,000	-
3 Interest received	2 3	1,551,000	-
4 Dividends received	2 4	6,011,000	2,850,469
5 Cash receipts from repayment of loans and deposits	2 5	13,672,000	8,872,230
6 Other cash receipts from investment activities	2 6	3,292,000	-
III Total cash receipts from investment activities (ADP 021 to 026)	27	27,980,000	11,722,699
1 Cash payments for the purchase of fixed tangible and intangible assets	2 8	(21,855,000)	(6,666,207)
3 Cash payments for loans and deposits for the period	3 0	(1,305,000)	(14,552,400)
IV Total cash payments from investment activities (ADP 028 to 032)	33	(23,160,000)	(21,218,607)
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	34	4,820,000	(9,495,908)
Cash flow from financing activities		-	-
3 Cash receipts from credit principals, loans and other borrowings	3 7	10,754,000	3,492,000
V Total cash receipts from financing activities (ADP 035 to 038)	39	10,754,000	3,492,000
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	4 0	(2,635,000)	(9,218,359)
3 Cash payments for finance lease	4 2	(4,881,000)	(5,165,348)
5 Other cash payments from financing activities	4 4	(1,727,000)	-
VI Total cash payments from financing activities (ADP 040 to 044)	45	(9,243,000)	(14,383,707)
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	46	1,511,000	(10,891,707)
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	48	1,251,927	(78,512)
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	49	49,553,142	50,805,069
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)50		50,805,069	50,726,557

Report on changes in capital for the current period

		Attributable to owners of the parent Treasury
Item	AOP	Initial (subscribed)	Capital		Reserves for treasury	shares and holdings (deductible	Statutory	Other	Revaluation	Retained profit / loss brought	Profit/loss for	Total attributable to owners of the
	code	capital	reserves	Legal reserves	shares	item)	reserves	reserves	reserves	forward	the business year	parent 18 (3 do 6 - 7	Total capital and reserves
1	2	3	4	5	6	7	8	9	10	16	17	+ 8 do 17)	20 (18+19)
Current period
1 Balance on the first day of the current business year	28	247,193,050	86,141,670				11,486,600 8,465,950 8,465,950 32,188,407	-		40,706,979 (388,097,152)	(10,011,722)	19,607,832	19,607,832
4 Balance on the first day of the current business year (restated) (ADP 27 to 29) 31		247,193,050	86,141,670				11,486,600 8,465,950 8,465,950 32,188,407	-		40,706,979 (388,097,152)	(10,011,722)	19,607,832	19,607,832
5 Profit/loss of the period	3 2	-	-	-	-	-	-	-	-	-	15,906,342	15,906,342	15,906,342
7 Changes in revaluation reserves of fixed tangible and intangible assets	3 4	-	-	-	-	-	-	-	2,501,136	-	-	2,501,136	2,501,136
15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit)	4 2	(244,721,120)	(86,141,670)	(11,486,600)	(428)	(428)	(32,188,407)	-	-	374,537,797	-	-	-
19 Payments from members/shareholders	4 6	410,000,000	-	-	-	-	-	-	-	-	-	410,000,000	410,000,000
22 Transfer to reserves according to the annual schedule	4 9	-	-	-	-	-	-	-	-	(10,011,722)	10,011,722	-	-
23 Balance on the last day of the current business year reporting period (ADP 30 to 48) 51 412,471,930			-	-		8,465,522 8,465,522	-	-		43,208,115 (23,571,077)	15,906,342	448,015,310	448,015,310
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF	52	-	-	-	-	-	-	-	2,501,136	-	-	2,501,136	2,501,136
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) 53		-	-	-	-	-	-	-	2,501,136	-	15,906,342	18,407,478	18,407,478
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48)	54		165,278,880 (86,141,670) (11,486,600)		(428)	(428)	(32,188,407)	-	-	364,526,075	10,011,722	410,000,000	410,000,000

Report on changes in capital for the previous period

		Attributable to owners of the parent Treasury
						shares and						Total
Item		Initial			Reserves for	holdings				Retained profit /		attributable to
	AOP	(subscribed)	Capital		treasury	(deductible	Statutory	Other	Revaluation	loss brought	Profit/loss for	owners of the
	code	capital	reserves	Legal reserves	shares	item)	reserves	reserves	reserves	forward	the business year	parent 18 (3 do 6 - 7	Total capital and reserves
1	2	3	4	5	6	7	8	9	10	16	17	+ 8 do 17)	20 (18+19)
Previous period
1 Balance on the first day of the previous business year	1	247,193,050	86,141,670				11,486,600 8,465,950 8,465,950 32,188,407	-		40,706,979 (393,897,901)	5,800,749	29,619,554	29,619,554
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03)4		247,193,050	86,141,670				11,486,600 8,465,950 8,465,950 32,188,407	-		40,706,979 (393,897,901)	5,800,749	29,619,554	29,619,554
5 Profit/loss of the period	5	-	-	-	-	-	-	-	-	-	(10,011,722)	(10,011,722)	(10,011,722)
22 Transfer to reserves according to the annual schedule	2 2	-	-	-	-	-	-	-	-	5,800,749	(5,800,749)	-	-
24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) 24 247,193,050			86,141,670				11,486,600 8,465,950 8,465,950 32,188,407	-		40,706,979 (388,097,152)	(10,011,722)	19,607,832	19,607,832
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX	25	-	-	-	-	-	-	-	-	-	-	-	-
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP	26	-	-	-	-	-	-	-	-	-	(10,011,722)	(10,011,722)	(10,011,722)
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED	27	-	-	-	-	-	-	-	-	5,800,749	(5,800,749)	-	-

1. Statement of the debtor that he did not take any action that would result in putting creditors in an unequal position

S T A T E M E N T

by which we confirm that we have not taken any action that would result in bringing creditors into an unequal position.

Đuro Tatalović, Management Board member