Institut IGH d.d.

Quarterly Report • Apr 30, 2024

Ordinary share IGH-R-A, ISIN HRIGHORA0006 Listed on the official market of the Zagreb Stock Exchange Home Member State: Croatia LEI mark: 74780000W0UQ8MF2FU71

ZAGREB STOCK EXCHANGE lvana Lučića 2a 10000 Zagreb

HANFA Miramarska 24b 10000 Zagreb

HINA ots@hina.hr

Zagreb, Aprile 30, 2024

Subject: Statement of the Management Board on the responsibility for preparing financial reports for Institut ાલન, ૩૮૮

The Company's Management Board has to ensure that the INSTITUT IGH d.d. unaudited financial reports for the accounting period from January to March 2024 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 133/15, 120/16) and International Reporting Standards as adopted by the European Union, so that these documents provide a true and unbiased picture of the Company'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 Company has adequate resources to continue operation in the foreseeable future. Accordingly, the Management Board has prepared its financial reports under assumption that the Company will continue to operate 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 Company, in full compliance with the Accountancy Law and International Financial Reporting Standards issued by the International Accounting Standards Board (IASB). The Management Board is also responsible for protecting and safeguarding the Company's assets, and hence for undertaking every measure it deems necessary to prevent and discover cases of fraud and other illegal activity.

Signed on the behalf of the Management Bourd:
Robert Petrosian,
Director	। ਉ	5

EUR 14,814,630.00

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Croatia

PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAIL igh@igh.hr WEB www.igh.hr

RegNo . 3750272 Competent court:
Commercial Court in Zagre) Copy D I Jone No. 3750272 Register entry with comp y registmin Business bank: No 080000959 IBAN: Share capital

Paid in full No of issued shares IGH 1,481,465 GI BILLE HEREA BARRET JUNITIAON

Hrvatska poštanska banka d.d. HR6825030071100087335 SWIFT code: VBCRHR22

Management Board: Robert Petrosian, director

Supervisory Board: Žarko Dešković, MEng.CE President of the Supervisory Board

Zagreb, April 30, 2024

Management Report on business results of the Company Institut IGH d.d. and its subsidiaries Subject: in the period from January 1 to March 31 2024.

Institut IGH d.d.

In the period from January to March 2024, Institut IGH d.d operated with revenue amounting to EUR 5,1 million. Operating expenses are (excluding amortization) amount to EUR 3,9 million.

After the amortization cost in the amount of EUR 630 thousands, negative effect of interest and exchange rate differences in the amount of EUR 47 thousands, Institut IGH d.d operated at a profit amounting EUR 534 thousands.

The Company actively implements the policy of increasing liquidity and shortening the period of settlement of liabilities to suppliers and subcontractors of the Company, and the collection of overdue receivables within the agreed deadlines.

The company's activities are aimed at opening representative offices in new markets (Egypt, Armenia, Hungary, Italy) where new infrastructure projects of importance are expected in these markets.

The Company continues to fulfill the set short-term activity plan, improve and further digitize business processes, and invest in new areas of activities such as research and development, and expansion of already started ones such as BIM.

Between January 1 and March 31, 2024 the new contracted in total of EUR 4,1 million.

IGH Group

In the period from January to March 2024, IGH Group operated at a revenue amounting to EUR 5,1 million. Operating expenses (excluding amortization) amount to EUR 3,9 million.

Affer the amortization cost in the amount of EUR 630 thousands, negative effect of interest and exchange rate differences in the amount of EUR 47 thausands, IGH Group operated at a gross profit amounting EUR 529 thousands.

The IGH Institute continues with further enhanced activities defined by the Strategic Development Plan until 2025, which plans additional investments and investments in projects of significant interest for the development of the Institute and the Group. In addition, the IGH Institute is focused on increasing labour productivity and efficient and efficient realization of projects.

With all the above and the company's human resources, activities in international markets aimed at sustainable growth and development of the Company and Group are intensifying.

On behalf of the INSTITUT IGH, d.d.

Robert Petrosian Director

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Croatia

PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAIL igh@igh.hr WEB www.igh.hr

Company of the of the of the of
Commercial in the company registration
Register entry will company registration
Not - 800009559

Share capital: EUR 14,814,630.00 Paid in full

No of tristied shares: IGH 1,481,463 China state value FUR 10

Reg.No.: 3750272 PIN: 79766124714 Business bank Hrvatska poštanska banka d.d. IBAN: HR6825030071100087335 SWIFT code: VBCRHR22

Management Board: Robert Petrosian, director

Supervisory Board: Žarko Dešković, MEng.CE President of the Supervisory Board

Annex 1	ISSUER'S GENERAL DATA
Reporting period:	1.1.2024 31.12.2024 to
Year:	2024
Quarter:
	Quarterly financial statements
egistration number (MB): 03750272	lssuer's home Member HR State code:
Entity's registration 080000959 number (MBS):
Personal identification 7976612476 4 number (OIB):	74780000W0UQ8MF2FU71 LEI:
Institution 1461 code:
Name of the issuer: INSTITUT IGH d.d.
Postcode and town: 10000	Zagreb
treet and house number: Janka Rakuše 1
E-mail address: ligh@igh.hr
Web address: http://www.igh.hr
Number of employees (end of the reporting
Consolidated report: KN	(KN-not consolidated/KD-consolidated)
Audited: RN	(RN-not audited/RD-audited)
Names of subsidiaries (according to IFRS):	Registered office: MB:
Bookkeeping firm:	(name of the bookkeeping firm)
Contact person:	(only name and surname of the contact person)
Telephone: E-mail address:
Audit firm:
(name of the audit firm) Certified auditor:
(name and surname)

a

BALANCE SHEET balance as at 31.03.2024.

... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ..............................................................................................................

Submitter: INSTITUT IGH D.D.
Item	ADP code	Last day of the preceding business " year	At the reporting date of the current period
1	2	3 :	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	9.398.712	8.255.854
I INTANGIBLE ASSETS (ADP 004 to 009)	003	13.251	5.577
1 Research and development	004	0	0
2 Concessions, patents, licences, trademarks, software and other	005	8.752	0
rights
3 Goodwill	006	0	0
4 Advances for the purchase of intangible assets	007	O	0
5 Intangible assets in preparation	008	4.499	5.577
6 Other intangible assets	0009	0
II TANGIBLE ASSETS (ADP 011 to 019)	(010)	6.159.067	4.902.154
1 Land	011	462.105	0
2 Buildings	012	219.952	0
3 Plant and equipment	013	4.547.207	4.013.954
4 Tools, working inventory and transportation assets	014	775.333	732.105
5 Biological assets	015	0	0
6 Advances for the purchase of tangible assets	016	42.261	42.895
7 Tangible assets in preparation	017	38.938	39.928
8 Other tangible assets	018	40.424	40.424
9 Investment property	019	32.848	32.848
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	3.065.454	3.159.161
1 Investments in holdings (shares) of undertakings within the group	0221	1.053.043	1.053.043
2 Investments in other securities of undertakings within the group	022	0	0
3 Loans, deposits, etc. to undertakings within the group	023	4.313	4.313
4. Investments in holdings (shares) of companies linked by virtue of	024	1.990.842	1.990.842
participating interests
5 Investment in other securities of companies linked by virtue of participating interests	0725	0	0
6 Loans, deposits etc. to companies linked by virtue of participating
interests	026	0	0
7 Investments in securities	027	0	0
8 Loans, deposits, etc. given	073	17.256	110.963
9 Other investments accounted for using the equity method	079	0	0
10 Other fixed financial assets	030	0	0
IV RECEIVABLES (ADP 032 to 035)	031	160.940	188.962
1 Receivables from undertakings within the group	032	0	0
2 Receivables from companies linked by virtue of participating
interests	033	0	0
3 Customer receivables	034	115.507	114.025
4 Other receivables	035	45.433	74.937
V DEFERRED TAX ASSETS	036	0	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	9.126.829	9.609.521
I INVENTORIES (ADP 039 to 045)	033	1.707.903	1.707.904
1 Raw materials and consumables	039	O
2 Work in progress	040	75.408	75.408
3 Finished goods	041	0	0
4 Merchandise	042	0	0
5 Advances for inventories	043	0	0
6 Fixed assets held for sale	044	1.632.495	1.632.495
7 Biological assets	045	0	0
II RECEIVABLES (ADP 047 to 052)	046	3.094.922	3.495.920

..............................................................................................................................................................................

1 Receivables from undertakings within the group	047	25.936	27.323
2 Receivables from companies linked by virtue of participating
interests	048	688	688
3 Customer receivables	049	1.972.833	2.113.285
4 Receivables from employees and members of the undertaking	050	178.816	182.682
5 Receivables from government and other institutions	051	88.905	88.075
6 Other receivables	0592	827.744	1.083.867
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	3.914.455	4.317.562
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	056	19.311	29.434
4 Investments in holdings (shares) of companies linked by virtue of participating interests	057	0	0
5 Investment in other securities of companies linked by virtue of participating interests	058	0	0
6 Loans, deposits etc. to companies linked by virtue of participating interests	0-39	0	0
7 Investments in securities	0(30)	3.539	3.539
8 Loans, deposits, etc. given	081	3.870.257	4.263.241
9 Other financial assets	062	21.348	21.348
IV CASH AT BANK AND IN HAND	063	409.549
D ) PREPAID EXPENSES AND ACCRUED INCOME			88.135
E) TOTAL ASSETS (ADP 001+002+037+064)	064	1.124.655	1.165.525
OFF-BALANCE SHEET ITEMS	065	19.650.195	19.030.900
LIABILITIES 129 2017 1	036	0	O
A) CAPITAL AND RESERVES (ADP 068 to
070+076+077+083+086+089)	067	5.281.778	5.838.449
I INITIAL (SUBSCRIBED) CAPITAL	063	14.814.630
Il CAPITAL RESERVES	0(39		14.814.630
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)		-33.895	-33.895
1 Legal reserves	070	-208.382	-208.382
2 Reserves for treasury shares	071	0	0
	07.2	191.958	191.958
3 Treasury shares and holdings (deductible item)	073	-400.340	-400.340
4 Statutory reserves	074	0	0
5 Other reserves	075	0	0
IV REVALUATION RESERVES	076	1.705.824	1.399.827
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	077	94.540	94.540
1 Financial assets at fair value through other comprehensive income (i.e. available for sale)	078	133.711	133.711
2 Cash flow hedge - effective portion	079	0
3 Hedge of a net investment in a foreign operation - effective portion	0330	0	0
4 Other fair value reserves	081	0	0
5 Exchange differences arising from the translation of foreign operations (consolidation)	082	-39.171	0 -39.171
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-
085)	083 -	-17.174.719	-10.784.941
1 Retained profit	084	0	0
2 Loss brought forward	035	17.174.719	10.784.941
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088)	036	6.083.780	556.670
1 Profit for the business year	03:77	6.083.780	556.670
2 Loss for the business year	088	0	0
VIII MINORITY (NON-CONTROLLING) INTEREST	089	O	0
B) PROVISIONS (ADP 091 to 096)	090	1.324.489	1.324.489
1 Provisions for pensions, termination benefits and similar obligations	091	85.244	85.244
2 Provisions for tax liabilities	092	0
3 Provisions for ongoing legal cases	083	904.253	0
4 Provisions for renewal of natural resources	094		904.253
5 Provisions for warranty obligations		0	0
	095	0	0

6 Other provisions	096	334 993	334.993
C) LONG-TERM LIABILITIES (ADP 098 to 108)	097	2.267.881	2.211.370
1 Liabilities to undertakings within the group	098	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	099	0	O
3 Liabilities to companies linked by virtue of participating interests	100	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	101	0	O
5 Liabilities for loans, deposits etc.	102	30.899	648
6 Liabilities to banks and other financial institutions	103	1.880.621	1.876.696
7 Liabilities for advance payments	104	O	0
8 Liabilities to suppliers	105	26.269	26.269
9 Liabilities for securities	106	0	0
10 Other long-term liabilities	107	0	0
11 Deferred tax liability	108	330.091	307.757
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	10.359.991	9.640.014
1 Liabilities to undertakings within the group	110	51.081	41.329
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	170.709	175.209
3 Liabilities to companies linked by virtue of participating interests	112	412.055	412.055
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	113	0	0
5 Liabilities for loans, deposits etc.	114	3.261.576	2.835.323
6 Liabilities to banks and other financial institutions	115	9.242	2.899
7 Liabilities for advance payments	116	783.334	674.343
8 Liabilities to suppliers	117	2.849.204	2.849.606
9 Liabilities for securities	118	91.004	91.004
10 Liabilities to employees	119	817.421	803.831
11 Taxes, contributions and similar liabilities	120	1.498.147	1.390.433
12 Liabilities arising from the share in the result	121	0	0
13 Liabilities arising from fixed assets held for sale	122	0	0
14 Other short-term liabilities	123	416.218	363.982
E) ACCRUALS AND DEFERRED INCOME	124	416.056	16.577
F) TOTAL - LIABILITIES (ADP 067+090+097+109+124)	125	19.650.195	19.030.900
G) OFF-BALANCE SHEET ITEMS	126	0	0

STATEMENT OF PROFIT OR LOSS for the period 01.01.2024 to 31.03.2024

Item	ADP code	Same period of the previous year		Current period
		Cumulative	Quarter	Cumulative	Quarter
	2	ST	A	5	6
OPERATING INCOME (ADP 002 to 006)	001	9.150.474	9.150.474	5.109.446	5.109.446
1 Income from sales with undertakings within the group	002	199	199	199	198
2 Income from sales (outside group)	003	3.757.668	3.757.668	3.777.450	3.777.450
3 Income from the use of own products, goods and services	004			0	0
4 Other operating income with undertakings within the group	005	2.007	2.007	2.007	2.007
5 Other operating income (outside the group)	006	5.390.600	5.390.600	1.329.790	1.329.790
II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)	007	4.935.828	4.935.828	4.527.744	4.527.744
1 Changes in inventories of work in progress and finished goods	003	0	0	0	0
2 Material costs (ADP 010 to 012) a) Costs of raw materials and consumables	009	1.278.605	1.278.605	996.410	996.410
b) Costs of goods sold	010 011	237.969 O	237.969	152.179	152.179
c) Other external costs	012	1.040.636	O 1.040.636	0 844.231	0 844.231
3 Staff costs (ADP 014 to 016)	013	2.758.127	2.758.127	2.534.487	2.534 487
a) Net salaries and wages	014	1.708.022	1.708.022	2.004.690	2.004.690
b) Tax and contributions from salary costs	015	659.554	659.554	210.251	210.251
c) Contributions on salaries	016	390.551	390.551	319.546	319.546
4 Depreciation	017	532.289	532.289	630.214	630.214
5 Other costs	018	323.698	323.698	90.889	90.889
6 Value adjustments (ADP 020+021)	019	43.109	43.109	171.194	171.194
a) fixed assets other than financial assets	020	O	0	0	0
b) current assets other than financial assets	021	43.109	43.109	171.194	171,194
7 Provisions (ADP 023 to 028)	022	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	023	0	0	0	0
b) Provisions for tax liabilities	024	0	0	0	0
c) Provisions for ongoing legal cases	025	0	0	0	0
d) Provisions for renewal of natural resources	026	0	0	0	0
e) Provisions for warranty obligations	0727	0	0	0	0
f) Other provisions	028	O	0	0	0
8 Other operating expenses	029	O	0	104.550	104.550
III FINANCIAL INCOME (ADP 031 to 040)	030	10.372	10.372	657	657
1 Income from investments in holdings (shares) of undertakings within the group	031	0	0	0	0
2 Income from investments in holdings (shares) of companies linked by virtue of participating interests	032	0	0	0	0
3 Income from other long-term financial investment and loans granted to undertakings within the group	033	0	0	0	0
4 Other interest income from operations with undertakings within the group	034	0	0	0	0
5 Exchange rate differences and other financial income from operations with undertakings within the group	035	1.505	1.505	0	0
6 Income from other long-term financial investments and loans	036			0	0
7 Other interest income	037	242	242	102	102
8 Exchange rate differences and other financial income	038	1.439	1.439	555	555
9 Unrealised gains (income) from financial assets	039	O	0	0	0
10 Other financial income	040	7.186	7.186	0	0
IV FINANCIAL EXPENSES (ADP 042 to 048)	041	134.080	134.080	48.023	48.023
1 Interest expenses and similar expenses with undertakings within the group	042	0	0	618	618
2 Exchange rate differences and other expenses from operations with undertakings within the group	043	0	0	0	0
3 Interest expenses and similar expenses	044	121.206	121.206	37.537	37.537
4 Exchange rate differences and other expenses	045	11.817	11.817	1.865	1.865
5 Unrealised losses (expenses) from financial assets	046	0	0	O	0
6 Value adjustments of financial assets (net)	047	0	0	0	0
7 Other financial expenses SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE	048	1.057	1.057	8.003	8.003
OF PARTICIPATING INTERESTS	049	0	0	0	0
SHARE IN PROFIT FROM JOINT VENTURES VI	050	0	0	0	0
VIL SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST	051	0	0	0	0
VIII SHARE IN LOSS OF JOINT VENTURES	052	0	0	0	0
IX TOTAL INCOME (ADP 001+030+049+050)	053	9.160.846	9.160.846	5.110.103	5.110.103
TOTAL EXPENDITURE (ADP 007+041+051 + 052)	054	5.069.908	5.069.908	4.575.767	4.575.767
PRE-TAX PROFIT OR LOSS (ADP 053-054) XI	055	4.090.938	4.090.938	534.336	534.336
1 Pre-tax profit (ADP 053-054)	056	4.090.938	4.090.938	534.336	534.336

in EUR

2 Pre-tax loss (ADP 054-053)	057	0	0	0	0
XII INCOME TAX	058	0	0	-22.334	-22-334
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	4.090.938	4.090.938	556.670	556.670
1 Profit for the period (ADP 055-059)	060	4.090.938	4.090.938	556.670	556.670
2 Loss for the period (ADP 059-055)	061	0	0	0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS	062	O	0	0
(ADP 063-064)
1 Pre-tax profit from discontinued operations	063	0	0	0	0
2 Pre-tax loss on discontinued operations	064	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	0	0	0
1 Discontinued operations profit for the period (ADP 062-065)	086
2 Discontinued operations loss for the period (ADP 065-062)	067
TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations)
XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062)	068
1 Pre-tax profit (ADP 068)	069	0	0	0
2 Pre-tax loss (ADP 068)	070	0	0	0
XVII INCOME TAX (ADP 058+065)	0761
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	072
1 Profit for the period (ADP 068-071)	073
2 Loss for the period (ADP 071-068)	074
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077)	075	0	0	0
1 Attributable to owners of the parent	076	0	0	0
2 Attributable to minority (non-controlling) interest	077	0	0	0
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
PROFIT OR LOSS FOR THE PERIOD	07:3	O	0	0	0
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87)	079	0	0	O	0
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	030	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0	0
2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income	082	0	0	0	0
3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk	083	0	0	0
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0
5 Other items that will not be reclassified	085	0	0	O
6 Income tax relating to items that will not be reclassified	086	0	0	0
IV items that may be reclassified to profit or loss (ADP 088 to 095).	037	0	0	0
1 Exchange rate differences from translation of foreign operations	088	0	0	0	0
2 Gains or losses from subsequent measurement of debt securities at	089	0	0
fair value through other comprehensive income				0	C
3 Profit or loss arising from effective cash flow hedging	090	0	0	0	0
4 Profit or loss arising from effective hedge of a net investment in a foreign operation	091	0	0	0	0
5 Share in other comprehensive income/loss of companies linked by virtue of participating interests	092	0	0	0	0
6 Changes in fair value of the time value of option
	093	O	0	O	0
7 Changes in fair value of forward elements of forward contracts	094	O	0	0	0
8 Other items that may be reclassified to profit or loss	095	0	0	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	0	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096)	097	0	0	0	0
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097)	098	0	0	0	0
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 100+101)	039	0	0	0	0
1 Attributable to owners of the parent
	100	0	0	0	0
2 Attributable to minority (non-controlling) interest	101	0	0	0

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2024 to 31.03.2024

Submitter: INSTITUT IGH D.D.			in EUR
Item	ADP code	Same period of the previous year	Current period
16	2.	3
Cash flow from operating activities
1 Pre-tax profit	001	5.069.125	534.336
2 Adjustments (ADP 003 to 010):	002	11.932.188	17.027.479
a) Depreciation	003	2.194.341	630.214
b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets	004	0	1.267.778
c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	005	-5.551.629	7.073.570
d) Interest and dividend income	006	-1.881	1.881
e) Interest expenses	007	673.744	-653.099
f) Provisions	008	-453.835	-477.7771
g) Exchange rate differences (unrealised)	009	0	0
h) Other adjustments for non-cash transactions and unrealised gains and
osses	010	15.071.448	9.184.912
Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	17.001.313	17.561.815
3 Changes in the working capital (ADP 013 to 016)	012	-16.149.203	-18.145.480
a) Increase or decrease in short-term liabilities	013	-17.834.231	-18.305.165
b) Increase or decrease in short-term receivables	014	1.749.503	1.227.316
c) Increase or decrease in inventories	015	0
d) Other increase or decrease in working capital	016	-64.475	-1.067.631
Il Cash from operations (ADP 011+012)	017	852.110	-583.665
4 Interest paid	018	0
5 Income tax paid	019	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	0220	852.110	-583.665
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	021	457.439
2 Cash receipts from sales of financial instruments	022	0
3 Interest received	023	0	0
4 Dividends received	0224	0	0
5 Cash receipts from repayment of loans and deposits	025	86.588	0
6 Other cash receipts from investment activities	026	0	0
III Total cash receipts from investment activities (ADP 021 to 026)	027	544.027	0
1 Cash payments for the purchase of fixed tangible and intangible assets	073	O
2 Cash payments for the acquisition of financial instruments	029	O	0
3 Cash payments for loans and deposits for the period	030	0	0
4 Acquisition of a subsidiary, net of cash acquired	031	0	0
5 Other cash payments from investment activities	032	0	0
IV Total cash payments from investment activities (ADP 028 to 032)	033	0	0
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	544.027	0
Cash flow from financing activities	1.18 18
1 Cash receipts from the increase in initial (subscribed) capital	035	0	0
2 Cash receipts from the issue of equity financial instruments and debt financial instruments	033	O	0
3 Cash receipts from credit principals, loans and other borrowings	037
4 Other cash receipts from financing activities	038	0 0	660.000 0
V Total cash receipts from financing activities (ADP 035 to 038)	039	0	660.000
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	-17.221	-397.915
2 Cash payments for dividends	041	0	0

3 Cash payments for finance lease	042	-1.427.603	0
4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital	043		0
5 Other cash payments from financing activities	044	0	0
VI Total cash payments from financing activities (ADP 040 to 044)	045	-1.444.824	-397.915
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046	-1.444.824	262.085
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047		0
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	048	-48.687	-321.580
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	049	458.402	409.715
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	409.715	88.135

s

to for the period from 1.1.2024	31.3.2024
.	Including the car ತ್ತಿ ಸ	faschy 64	Capitar grand	. Resacyani							Continued
1 Balance on the first day of the provious business year 2 Changos in accounting policies 3 Correction of enors Previous portod	15.476.105 ខ នេ	-33.885 -		01,958			6 209.116					10 972	-10 872,01
4 Balance on the first day of the provilous business year (restated) (ADP 01 to 03)	15 476 105 ート 1 l l ==================================================================================================================================================================== - -- - 1 03 04	-33 895 17 33 8 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	ાં	191 956					-30 100	31 402 21	2 20197	40 472 41	-10 672.011
B Exchange rate differences from translation of foreign operations 5 Profit/loss of the period	i 8 8	120000 18.018	1 8	100								8.003	6 083 7
7 Changes in revaluation reserves of fixed fangible and intarigible assets	ﺮﺏ ﺗﺠﺮ G7	2017 . 9 -								587,250		1.183	1 183 !
3 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale)	08
9 Profit or loss arising from effective cash flow hodge	80		1-2-22
10 Profit or loss arising from effective hedge of a not investment in a foreign operation 1 ! Share in other comprohensive incometioss of companies linked by virtue of	10		199
	12 11		Research 200 traille
	13 11								13	844
periologing intension in the defined benefit chilgation 12 Active changes in seuly unrelaled in owner 14 Time changes in seuly unrelaled in owner 14 Tax oration is neatonised	-9.339.015 15		11 1 20 1 - 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 0							0.238.04
te Decrease in Initial (subscribed) capital arising from the pro-bankruptcy settlement
17 Decrease in initial (subscribed) capital arising from the reinvastment of profit orocadura	ન ક
	17
18 Rademption of treasury shares/holdings 19 Payments from mambers/shareholders 20 Payment of share in profiledend 21 Other distributions and paymoed is mombons/shareholders	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 81 19
	6.677.640 ន ភូមិ។			------------------------------------------------------------------------------------------------------------------------------------------------------------------------------								8.977
22 Transfer to reserves according to the annual schedule 23 Increase in reserves arising from the pro-bankruptcy settlement procedure				------------------------------------------------------------------------------------------------------------------------------------------------------------------------------						2016	TBILDT
24 Balance on the last day of the previous business year reporting period (ADP	14.814 630 24 23	-33 895	0	181 858	400 340		133.714 1 705 824		-30371	247 174.249	r · 6 083,780	3.384	1 201
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be Blied In by under 04 to 23	up financial statem akings that drav	nts in accordance with the IFRS)
I OTHER COMPREMENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX ADP 06 to 14}	25						-3.503.292		131	4 805 46		1,152,67	1,000.0
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP	28		0
05+25)							-3 503 292		101	4.896.44	H 089- Fat	221625	THESS
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23)	-861.475 27									1150000	上海市南方	三 07754	1575
Current pariod .	14,814.630	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------			400.340		133,71 1.705.824		38.171	tra TE	1.041	5.241	6月1
1 Bellance on the first day of the current business year 2 Changes in accounting policies 3 Octroction of errors	- - - ដ ដី ន	ANNOAN OF BLACK -------	me ne () ---------------------------	--------------------------
4 Balance on the first day of the current business year (restated) (AOP 28 to 30)	14814.630 Freder VE Lier J.F. . . 31	-33 895					705.8		09.171	17 878 23	日 日本大学理	2.341	8.241 1.74
Profitiloss of the period	0 7 . 0 . -12 32		0	ﺍﻟﻤﺮﺍﺟﻊ							44.479	ಕಾರ
& Exchange rate differences from translation of foreign operations of the many of the first	ે સ		1969
7 Changes in revaluation reserves of fixed tangible and intengible assess	- 34	్రాల్య	10 13
8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale)	35	199 . ﺔ ﺍﻟﻤ ୍ୟ ବ	1997 -	1. July 1.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ P Profit or loss arising from effective cash flow hedge	36	1159 6 .	-6
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	37	11 ﻓﻲ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍ	1200 িতে
11 Share in other comprehensive incomentoss of companies linked by virtue of	33		211	----- - 1
12 Actuarial gainsflosses on the defined benefit obligation 13 Other changes In equity unrelated to owners	100 39 40	00 ילי ליי	হ ್ಕೆ ಸ	44.99
	- 41		- 70 9 0 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Char changes in equity unrelation of when 11 Tax can transactions recognized directly in equity 15 Dacrease in intel (subscribed) entry in ocuity in ording from the pre-ba	42
nrocedure	43
17 Decrease in Initial (subscribed) capital arising from the reinvestment of profil	44
18 Redemption of treatury sharesmoltings 19 Paymonts from mambers/screamorporations 20 Payment of share in profilidideand 21 Choc distributions and paymonts to mombors/sharoh	---- 45		ver rer
	క్కడ --- -
	ಚಿ ನೆ	an ATHERS CO Class of the I The -------------	ﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨﻨ
22 Carrytoward per annual plane 23 Increase in reserves arising from the pre-bankruptcy sottlement procedure	18									\$ 201 780	-9.081.110
24 Balance on the last day of the current business year reporting period (ADP 31 50)	14.814 630 ર્ક્યુ	-33.895	ಿ	958 191			133,711 1 399.827		-30 171	****	GEN GTO	6.030
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by unde I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41).	akings that draw up fizancial statements in accordance with the IFRS] 52.						-305.997			2012 000
II comprehensive Income or LOSS FOR THE CURRENT PERIOD (ADP 32
do 52)	53						-305.997			XXXX	655 471	ਲ ਵੀ
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP-42 to 50)	54									0.0GF 7-FF	A 041 FR