Institut IGH d.d. — Interim / Quarterly Report 2014

Apr 30, 2014

Institut IGH d.d.

REPORT OF MANAGEMENT BOARD ON BUSINESS OPERATION OF INSTITUT IGH d.d. AND ITS SUBSIDIARIES IN THE PERIOD FROM 1 JANUARY TO 31 MARCH 2014

INSTITUT IGH d.d., and its subsidiaries, in the period from 1 January to 31 March 2014, realized the revenues from the sales of services and products in the amount of HRK 65.96 million, which represents an increase by 7.3% when compared to the same period last year. The consolidated business revenues amount to HRK 67.6 and they are by 6.8% greater than the revenue realized in the same period of 2013. The financial revenue amounted to HRK 173 thousands, so the total consolidated revenue amounted to HRK 67.77 million, registering an increase by 3.05 when compared to the same period last year.

Operational business expenses amounted to HRK 63.3 million and they are by 6.8% greater than the concerned period of year 2013. The increase in operational expenses was primarily impacted by the increase in other external expenses (41.2%), while all other operational expenses register a decrease, particularly salary costs (12%). The financial expenses amounted to HRK 7.0 million and they are by 48.2% lower when compared to the same period of 2013. Therefore it follows that the total consolidated expenses were decreased by 3.6% and, with simultaneous increase of total revenue by 3.0%, loss in the amount of HRK 2.9 million was realized in the period, which is by 59.5% lower than loss from the same period of 2013

Significant loss reduction was primarily impacted by the reduction of financial expenses as a consequence of validly ended pre-bankruptcy settlement procedure for the Institut IGH d.d., and mostly completed business and financial restructuring of the company Institut IGH d.d.

On the date business results for the first quarter were made public, Institut IGH d.d. has contracted services in the amount of HRK 380.1 million, taking into account validly ended pre-bankruptcy settlement procedure, completed financial restructuring and proposed increase in the share capital, hence all preconditions are met to continue stable business operation, organic growth and focus on the core business.

Zagreb, 30 April 2014.

On behalf of the Management Board of Institut IGH, d.d.

Prof. Jure Radić, PHD (Civ/Eng.), Pre of Management Board Institut IGH d.d.

STATEMENT OF MANAGEMENT BOARD ON THE RESPONSIBILITY FOR PREPARING CONSOLIDATED REPORTS FOR THE INSTITUT IGH GROUP, JSC

The Company's Management Board has to ensure that the Group's consolidated financial reports for the first quarter of 2014 are prepared in accordance with the Accountancy Law (Official Gazette 146/05) and in keeping with international accounting standards (Official Gazette 136/09, 08/10, 27/10, 65/10, 120/10, 58/11, 140/11) issued by the International Accounting Standards Board (IASB), so that these documents provide a true and unbiased picture of the Group's financial standing. business results, change in capital, and cash flow for the period under consideration.

After making due enquiries, the Management Board has a reasonable expectation that the Group has adequate resources to continue operation in the foreseeable future. Accordingly, the Group has prepared its financial reports under assumption that the Group will continue operating for an unlimited period of time.

During preparation of financial reports, the Management Board is responsible:

• for the selection and, thereafter, for consistent use of appropriate accounting policies;
• for giving reasonable and sensible assessments and estimates;
• for applying valid financial reporting standards and for making public and explaining every materially significant discrepancy discovered in financial reports;
• for preparing financial reports under assumption of an unlimited period of operation, except in cases when such assumption is inappropriate.

The Management Board is responsible for keeping proper accountancy records that will depict, to an acceptable level of accuracy, the financial standing and business results of the Group, in full compliance with the Accountancy Law and international accounting standards issued by the International Accounting Standards Board (IASB). The Management Board is also responsible for protecting and safeguarding the Group's assets, and hence for undertaking every measure it deems necessary to prevent and discover cases of fraud and other illegal activity.

30 April 2014

Reporting period:	01.01.2014 do	31.03.2014
	Quarterly financial statement of the entrepreneur - TFI-POD
Tax number (MB): 03750272
Company registration number 80000959 (MBS)
Personal identification 79766124714
number (OIB): Issuing company: INSTITUT IGH D.D.
Postal code and place: 10000	ZAGREB
Street and house number: JANKA RAKUŠE 1
E-mail adress: igh@igh.hr
Internet adress: http://www.institutigh.com
inicipality/city code and name: ZAGREB 133
County code and name: GRAD ZAGREB 21		Number of employees 715
Consolidated report: YES		(quarter end) NKD code: 7219
mpanies of the consolidation subject (according to IFR!	Seat:	MB:
IGH MOSTAR D.O.O.	MOSTAR, BIŠĆE POLJE BB	4227060470005
GEOTEHNIKA INŽENJERING D.O.O.	ZAGREB, GRADIŠĆANSKA 26	01517597
IGH PROJEKTIRANJE D.O.O.	ZAGREB, JANKA RAKUŠE 1	02441918
INCRO D.O.O.	ZAGREB, BRANIMIROVA 71	01982516
IGH ENERGIJA D.O.O.	ZAGREB, JANKA RAKUŠE 1	01819585
FORUM CENTAR D.O.O.	ZAGREB, JAGODNJAK 17	01960229
IGH TURIZAM D.O.O.	ZAGREB, JANKA RAKUŠE 1	01974378
PROJEKT ŠOLTA D.O.O.	ZAGREB, JANKA RAKUŠE 1	02592363
VOĐENJE PROJEKATA D.O.O.	ZAGREB, BIJENIČKA CESTA 8	02427648
EKONOMSKO TEHNIČKI ZAVOD D.D.	OSIJEK, TRG A. STARČEVIĆA 7/II	03013669
PROJEKTNI BIRO PALMOTIĆEVA 45 D.O.O.	ZAGREB, PALMOTICEVA 45	03222853
IGH KOSOVA Sha	PRIŠTINA, KOSOVO
GRATIUS PROJEKT D.O.O.	ZAGREB, JANKA RAKUŠE 1	02462478
HIDROINŽENJERING D.O.O.	ZAGREB, OKUČANSKA 30	03685110
DP AQUA D.O.O.	ZAGREB, SREDNJACI 16	01907522
TEHNIČKE KONSTRUKCIJE D.O.O.	ZAGREB, VLAŠKA 79	02405865
MBM TERMOPROJEKT D.O.O.	ZAGREB, NIKOLA PAVIĆA 20	00335967
NOVI ČRNOMEREC CENTAR D.O.O.	ZAGREB, JANKA RAKUŠE 1	08291561940
RADELJEVIĆ D.O.O.	ZAGREB, JANKA RAKUŠE 1	01938533
MARTERRA D.O.O.	ZAGREB, BRANIMIROVA 71	28983577816
Bookkeeping service:
Contact person: SPINDERK JADRANKA
Telephone: 01 6125 444	(please enter only contact person's family name and name)	Telefax: 01 6125 404
E-mail adress: igh@igh.hr
	Family name and name: prof. dr. JURE RADIC, dipl. ing. građ., ŽELJKO GRZUNOV, dipl. oec. (person authorized to represent the company)
		$\dim_{i\epsilon k_o}$
	1. Financial statements (balance sheet, profit and loss statement, cash flow statement, statement of changes in equity and notes to financial statements 2. Statement of persons responsible for the drawing in of financial c
3. Report of the Management Board on the Company Status
	M.P.	(signature of the person authorized to represent the company)

BALANCE SHEET

$\overline{\phantom{a}}$

J

as of 31.03.2014

INSTITUT IGH D.D. Position	AOP	Previous period
$\mathbf{1}$			Current period
	$\overline{2}$	3	4
A) RECEIVABLES FOR SUBSCRIBED AND NON - PAID CAPITAL	001
B) LONG - TERM ASSETS (003+010+020+029+033)	002	548.368.757	543.554.414
I. INTANGIBLE ASSETS (004 to 009)	003	8.593.358	8.459.210
1. Assets development	004
2. Concessions, patents, licence fees, merchandise and service brands, software and other rights 3. Goodwill	005	2.984.536	2.791.462
4. Prepayments for purchase of intangible assets	006	3.015.395	3.015.395
5. Intangible assets in preparation	007
6. Other intangible assets	008	2.593.427	2.652.353
II. TANGIBLE ASSETS (011 to 019)	009
1. Land	010	483.145.977	479.078.102
2. Buildings	011	106.500.320	106.505.050
3. Plant and equipment	012 013	194.980.837	191.342.454
4. Instuments, plant inventories and transportation assets	014	5.899.452	5.128.053
5. Biological assets	015	4.274.678	4.547.519
6. Prepayments for tangible assets
7. Tangible assets in preparation	016 017	108.895 28.676.161	140.248
8. Other material assets			28.709.144
9. Investment in buildings	018 019	364.641	364.641
III. LONG-TERM FINANCIAL ASSETS (021 to 028)	020	142.340.993	142.340.993
1. Shares (stocks) in related parties	021	54.340.353	53.804.516
2. Loans given to related parties	022
3. Participating interests (shares)	023	153.413
4. Loans to entrepreneurs in whom the entity hold participating interests	024		153.413
5. Investment in securities	025	2.151.439
6. Loans, deposits and similar assets	026	1.385.484	869.894
7. Other long - term financial assets	027	4.478.131	6.731.695
8. Investments accounted by equity method	028	46.171.886	46.049.514
IV. RECEIVABLES (030 to 032)	029	2.289.069	2.212.586
1. Receivables from related parties	030
2. Receivables based on trade loans	031	2.289.069	2.212.586
3. Other receivables	032
V. DEFERRED TAX ASSETS	033
C) SHORT TERMS ASSETS (035+043+050+058)	034	346.599.885	347.743.201
I. INVENTORIES (036 to 042)	035	250.442.581	250.545.032
1. Row material	036	80.060	80.060
2. Work in progress	037	86.777.746	86.880.197
3. Finished goods	038	629.512	1.637.136
4. Merchandise	039	592.964	592.964
5. Prepayments for inventories	040	1.007.624
6. Long - term assets held for sale	041	161.354.675	161.354.675
7. Biological assets	042
II. RECEIVABLES (044 to 049)	043	85.068.351	80.159.436
1. Receivables from related parties	044	259.038	259.038
2. Accounts receivable	045	76.537.319	70.020.446
3. Receivables from participating entrepreneurs	046
4. Receivables from employees and shareholders	047	782.892	805.506
5. Receivables from government and other institutions 6. Other receivables	048	2.755.778	3.866.575
III. SHORT - TERM FINANCIAL ASSETS (051 to 057)	049	4.733.324	5.207.871
1. Shares (stocks) in related parties	050	5.443.683	10.370.406
2. Loans given to related parties	051
3. Participating interests (shares)	052
4. Loans to entrepreneurs in whom the entity hold participating interests	053
5. Investment in securities	054
6. Loans, deposits and similar assets	055
7. Other financial assets	056 057	5.269.725	5.503.406
IV. CASH AT BANK AND IN CASHIER		173.958	4.867.000
D) PREPAID EXPENSES AND ACCRUED INCOME	058 059	5.645.270 8.976.263	6.668.327
E) TOTAL ASSETS (001+002+034+059)	060	903.944.905	7.132.938 898.430.553

LIABILITIES AND CAPITAL
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	36.076.269	33.224.565
I. SUBSCRIBED CAPITAL	063	105.668.000	105.668.000
II. CAPITAL RESERVES	064
III. RESERVES FROM PROFIT (066+067-068+069+070)	065	21.089.209	21.089.209
1. Reserves prescribed by law	066
2. Reserves for treasury stocks	067	1.446.309	1.446.309
3. Treasury stocks and shares (deduction)	068	3.862.700	3.862.700
4. Statutory reserves	069
5. Other reserves	070	23.505.600	23.505.600
IV. REVALUATION RESERVES	071	141.756.915	141.807.222
V. RETAINED EARNINGS OR ACCUMULATED LOSS (073-074)	072	$-173.980.088$	$-234.349.876$
1. Retained earnings	073
2. Accumulated loss	074	173.980.088
VI. PROFIT / LOSS FOR THE CURRENT YEAR (076-077)			234.349.876
1. Profit for the current year	075 076	$-60.369.788$	$-3.179.643$
2. Loss for the current year
VII. MINORITY INTEREST	077	60.369.788	3.179.643
B) PROVISIONS (080 to 082)	078	1.912.021	2.189.653
1. Provisions for pensions, severance pay and similar liabilities	079	12.961.680	12.561.680
2. Reserves for tax liabilities	080	1.277.055	1.277.055
3. Other reserves	081
C) LONG TERM LIABILITIES (084 to 092)	082	11.684.625	11.284.625
	083	465.024.112	466.411.428
1. Liabilities to related parties	084	730.775	730.775
2. Liabilities for loans, deposits etc.	085	101.700	101.700
3. Liabilities to banks and other financial institutions	086	385.866.456	386.812.960
4. Liabilities for received prepayments	087
5. Accounts payable	088	25.080.381	25.521.192
6. Liabilities arising from debt securities	089
7. Liabilities to entrepreneurs in whom the entity holds participating interests	090
8. Other long-term liabilities	091	17.117.082	17.117.083
9. Deferred tax liability	092	36.127.718	36.127.718
D) SHORT - TERM LIABILITIES (094 to 105)	093	377.617.927	370.002.877
1. Liabilities to related parties	094	182.693	182.693
2. Liabilities for loans, deposits etc.	095	3.261.325	3.465.766
3. Liabilities to banks and other financial institutions	096	155.630.526	155.630.526
4. Liabilities for received prepayments	097	5.603.735	5.868.048
5. Accounts payable	098	63.661.988	56.370.386
6. Liabilities arising from debt securities	099	76.376.430	76.376.430
7. Liabilities to enterpreneurs in whom the entity holds participating interests	100
8. Liabilities to employees	101	16.071.173	14.344.030
9. Liabilities for taxes, contributions and similar fees	102	21.802.394	21.110.143
10. Liabilities to share - holders	103	1.765.024
11. Liabilities for long term assets held for sale	104
12. Other short - term liabilities	105	33.262.639	36.654.855
E) DEFERRED SETTLEMENTS OF CHARGES AND INCOME DEFERRED TO FUTURE PERIOD	106	12.264.917	16.230.003
F) TOTAL CAPITAL AND LIABILITIES (062+079+083+093+106)	107	903.944.905	898.430.553
G) OFF-BALANCE SHEET NOTES	108	95.998.011	38.548.348
APPENDIX TO BALANCE SHEET (only for consolidated financial statements)
A) CAPITAL AND RESERVES
1. Attributed to equity holders of parent company	109	34.164.248	31.034.912
2. Attributed to minority interests	110	1.912.021	2.189.653

$\langle \cdot \rangle$

PROFIT AND LOSS ACCOUNT
for period 01.01.2014 to 31.03.2014

INSTITUT IGH D.D.

$\overline{\omega}$

$\bar{p}$

Cummulative Periodical Cummulative Periodical 1 $\overline{2}$ 3 4 5 6 I. OPERATING REVENUES (112+113) 111 63.306.092 63.306.092 67.597.198 1. Sales revenues 112 61.501.605 61.501.605 65.958.266 2. Other operating revenues 113 1.804.487 1.804.487 1.638.932 II. OPERATNG EXPENSES (115+116+120+124+125+126+129+130) 114 59.283.723 59.283.723 63.329.804 63.329.804 1. Changes in the value of work in progress and finished goods 115 $-158.750$ $-158.750$ 2. Material costs (117 to 119) 116 18.948.774 18.948.774 24.549.948 24.549.948 a) Raw material and material costs 117 3.555.152 3.555.152 2.900.178 2.900.178 b) Costs of goods sold 118 c) Other external costs 119 15.393.622 15.393.622 21.649.770 21.649.770 3. Staff costs (121 to 123) 120 29.934.652 29.934.652 26.315.966 26.315.966 a) Net salaries and wages 17.357.571 121 17.357.571 15.235.798 15.235.798 b) Costs for taxes and contributions from salaries 122 8.602.605 8.602.605 7.535.796 7.535.796 c) Contributions on gross salaries 3.974.476 3.974.476 123 3.544.372 3.544.372 4. Depreciation 124 4.957.886 4.957.886 4.476.255 4.476.255 5. Other costs 125 5.587.929 5.587.929 5.287.080 5.287.080 6. Impairment (127+128) 126 $\Omega$ $\Omega$ 2.634.629 2.634.629 a) Impairment of long-term assets (excluding financial assets) 127 b) Impairment of short-term assets (excluding financial assets) 128 2.634.629 2.634.629 7. Provisions 129 8. Other operating expenses 130 13.232 13.232 65.926 65.926 III. FINANCIAL INCOME (132 to 136) 2.531.972 131 2.531.972 173.321 173.321 1. Interest income, foreign exchange gains, dividends and similar income from related 132 parties 2. Interest income, foreign exchange gains, dividends and similar income from non-related 133 766.467 766.467 173.321 173.321 3. Share in income from affiliated entrepreneurs and participating interests 134 1.738.614 1.738.614 4. Unrealized gains (income) from financial assets 135 5. Other financial income 136 26.891 26.891 IV. FINANCIAL EXPENSES (138 to 141) 137 13.510.886 13.510.886 7.021.132 7.021.132 1. Interest expenses, foreign exchange losses and similar expenses from related parties 138 2. Interest expenses, foreign exchange losses and similar expenses from non - related 139 13.272.756 13.272.756 7.021.132 7.021.132 3. Unrealized losses (expenses) on financial assets 140 4. Other financial expenses 141 238.130 238.130 V. INCOME FROM INVESTMENT SHARE IN PROFIT OF ASSOCIATED ENTREPRENEURS 142 VI. LOSS FROM INVESTMENT SHARE IN LOSS OF ASSOCIATED ENTREPRENEURS 143 197.162 197.162 122.374 122.374 VII. EXTRAORDINARY - OTHER INCOME 144 VIII. EXTRAORDINARY - OTHER EXPENSES 145 IX. TOTAL INCOME (111+131+142 + 144) 146 65.838.064 65.838.064 67.770.519 67.770.519 X. TOTAL EXPENSES (114+137+143 + 145) 147 72.991.771 72.991.771 70.473.310 70.473.310 XI. PROFIT OR LOSS BEFORE TAXATION (146-147) 148 $-7.153.707$ $-7.153.707$ $-2.702.791$ $-2.702.791$ 1. Profit before taxation (146-147) 149 $\circ$ $\Omega$ $\circ$ 2. Loss before taxation (147-146) 7.153.707 7.153.707 150 2.702.791 2.702.791 XII. PROFIT TAX 151 199.220 199.220 152 $-7.153.707$ $-7.153.707$ $-2.902.011$ $-2.902.011$ 1. Profit for the period (149-151) 153 $\Omega$ $\circ$ $\Omega$ 2. Loss for the period (151-148) 7.153.707 154 7.153.707 2.902.011 2.902.011 XIV. PROFIT OR LOSS FOR THE PERIOD 1. Attributed to equity holders of parent company 155 $-7.061.609$ $-7.061.609$ $-3.179.643$ $-3.179.643$ 2. Attributed to minority interests 156 $-92.098$ $-92.098$ 277.632 277.632 STATEMENT OF COMPREHENSIVE INCOME (IFRS) I. PROFIT OR LOSS FOR THE PERIOD (= 152) $-7.153.707$ 157 $-7.153.707$ $-2.902.011$ $-2.902.011$ II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAX(159 to 165) 158 3.959 3.959 301.692 301.692 1. Exchange differences on translation of foreign operations 3.959 159 3.959 301.692 301.692 2. Movements in revaluation reserves of long-term tangible and intangible assets 160 3. Profit or loss from revaluation of financial assets available for sale 161 4. Gains or losses on efficient cash flow hedging 162 5. Gains or losses on efficient hedge of a net investment in foreign countries 163 6. Share in other comprehensive income / loss of associated companies 164 7. Actuarial gains / losses on defined benefit plans 165 III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD 166 792 792 60.338 60.338 IV. NET OTHER COMPREHENSIVE INCOME/ LOSS FOR THE PERIOD (158-166) 3.167 167 3.167 241.354 241.354 V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD(157+167) 168 $-7.150.540$ $-7.150.540$ $-2.660.657$ $-2.660.657$ APPENDIX to Statement of comprehensive income (only for consolidated financial statements) 1. Attributed to equity holders of parent company 169 $-7.058.442$ $-7.058.442$ $-2.938.289$ $-2.938.289$ 2. Attributed to minority interests 170 $-92.098$ $-92.098$ 277.632 277.632	Position	AOP	Previous period	Current period
					67.597.198
					65.958.266
					1.638.932
	XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)
	VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD

STATEMENT OF CASH FLOWS - Indirect method period 01.01.2014. to 31.03.2014

$\tilde{\nu}$

$\overline{z}$

Position	AOP	Previous period	Current period
$\mathbf{1}$	$\overline{2}$	3	$\overline{\mathbf{4}}$
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before tax	001	$-7.153.707$	$-2.702.791$
2. Depreciation	002	4.957.886	4.476.255
3. Increase in short-term liabilities	003	7.430.333	$-3.649.964$
4. Decrease in short term receivables	004		6.752.240
5. Decrease in inventories	005
6. Other cash flow increases	006	5.938.366	1.134.530
I. Total increase in cash flow from operating activities (001 to 006)	007	11.172.878	6.010.270
1. Decrease in short - term liabilities	008
2. Insrease in short - term receivables	009	1.438.698
3. Increase in inventories	010	1.345.355
4. Other cash flow decreases	011
II. Total decrease in cash flow from operating activities (008 to 011)	012	2.784.053
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (007-012)	013	8.388.825	6.010.270
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007)	014	$\mathbf{0}$
CASH FLOW FROM INVESTING ACTIVITIES
1. Cash flow from sale of long - term tangible and intangible assets	015	127.599	88.625
2. Cash inflows from sale of equity and debt financial instruments	016
3. Interest receipts	017	212.214	56.132
4. Dividend receipts	018
5. Other cash inflows from investing activities	019
III. Total cash inflows from investing activities (015 to 019)	020	339.813
1. Cash outflows for purchase of long - term tangible and intangible assets	021	337.070	144.757 235.724
2. Cash outflows for purchase of equity and debt financial instruments	022
3. Other cash outflows from investing activities	023
IV. Total cash outflows from investing activities (021 to 023)	024
B1) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES(020-024)	025	337.070	235.724
B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES(024-020)		2.743
CASH FLOW FROM FINANCING ACTIVITIES	026	0	90.967
1. Cash receipts from issuance of equity and debt financial instruments
2. Cash inflows from loans, debentures, credits and other borrowings	027
3. Other cash inflows from financing activities	028
V. Total cash inflows from financing activities (027 to 029)	029
1. Cash outflows for repayment of loans and bonds	030	$\mathbf{0}$	0
2. Dividends paid	031	7.028.075
3. Cash outflows for finance lease	032
4. Cash outflows for purchase of own stocks	033		29.246
5. Other cash outflows from financing activities	034
VI. Total cash outflows from financing activities (031 do 035)	035
	036	7.028.075	29.246
C1) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES (030-036)	037
C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES (036-030)	038	7.028.075	29.246
Total increases of cash flows (013 - 014 + 025 - 026 + 037 - 038)	039	1.363.493	5.890.057
Total decreases of cash flows $(014 - 013 + 026 - 025 + 038 - 037)$	040	0
Cash and cash equivalents at the beginning of period	041	2.534.981	5.645.270
Increase in cash and cash equivalents	042	1.363.493	5.890.057
Decrease in cash and cash equivalents	043
Cash and cash equivalents at the end of period	044	3.898.474	11.535.327

	STATEMENT OF CHANGES IN EQUITY
from	01.01.2014	31.03.2014
	Position		AOP	Prev ۶
			001	105.6

$\bar{\mathbf{y}}$

Position	AOP	Previous year	Current year
	2	m	4
Subscribed capital	$\overline{5}$	105.668.000	105.668.000
2. Capital reserves	002
3. Reserves from profit	003	18.344.159	21.089.209
4. Retained earnings or accumulated loss	004	$-171.158.509$	$-234.349.876$
year 5. Profit / loss for the current	005	-60.369.788	$-3.179.643$
tangible assets 6. Revaluation of long - term	006	141.505.530	141.505.530
ssets 7. Revaluation of intangible a	007
8. Revaluation of financial assets available for sale	008
9. Other revaluation	009
10. Total capital and reserves (AOP 001 to 009)	010	33.989.392	30.733.220
arising from net investments in foreign operations 11. Currency gains and losses	011	251.385	301.692
12. Current and deferred taxes (part)	012
13. Cash flow hedging	013
14. Changes in accounting policies	014
rors in prior periods 15. Correction of significant er	015
16. Other changes in capital	016
17. Total increase or decrease in capital (AOP 011 to 016)	D17	251.385	301.692
17 a. Attributed to equity holders of parent company	018	34.240.777	31.034.912
17 b. Attributed to minority interst	019	1.835.492	2.189.653

Items decreasing the capital are entered with a negative number sign
Data entered under AOP marks 001 to 009 are entered as situation on the Balance Sheet date