SC IMPACT DEVELOPER & CONTRACTOR SA

Consolidated financial data for the year ended

December 31, 2010

IMPACT DEVELOPER & CONTRACTOR

(all amounts are expressed in thousands EUR)

	31 Decembrie 2010	31 Decembrie 2009
ASSETS
Non-current assets
Property, plant and equipment	7.034	16.475
Investment property	67.551	91.835
Investments	1.236	701
Intangible assets	50	80
	75.871	109.091
Current assets
Inventories	47.705	56.563
Trade receivables	13.939	15.486
Prepayments and other receivables	44	92
Cash and cash equivalents	7.742	11.396
	69.429	83.537
Total Assets	145.300	192.628
EQUITY AND LIABILITIES
Capital and reserves
Issued capital	57.340	57.340
Capital paid in excess of par value	19.683	19.946
Revaluation surplus	2.422	2.106
Accumulated result – profit	25.241	50.356
	104.686	129.749
Minority interest	20	11.544
Non-current liabilities
Borrowings	22.990	17.678
Deferred incomes	6.521	10.509
	29.511	28.187
Current liabilities
Trade and other payables	4.626	6.729
Short term borrowings	0	0
Current portion of interest-bearing borrowings	5.956	16.406
Provisions	502	14
	11.084	23.148
Total Equity and Liabilities	145.300	192.628

	2010	2009
Turnover	6.169	9.670
Effects from IAS 40 – revenue/(cost)	-24.569	-43.240
Other operating income	3.068	6.375
Change in inventory of finished goods and work in progress	-5.293	-2.697
Work performed by the enterprise and capitalised	2.454	2.854
Raw material and consumables	-532	-957
Staff costs	-674	-1.126
Depreciation and amortization expenses	-527	-414
Other operating expenses	-8.283	-14.717
Net finance cost	-412	897
Income from associates	293	4
Profit before tax	-28.306	-43.350
Income tax	3.876	6.121
Profit after tax	-24.431	-37.228
Minority interest	-2	-405
Net profit for the period	-24.433	-37.633