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Jadran d.d. Interim / Quarterly Report 2026
2094_10-q_2026-04-28_9e95c0e8-254c-4337-a2e4-b6cbb402d1a3.pdf
Interim / Quarterly Report
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MANAGEMENT REPORT Q1 2026
CONTENT
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- General information
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- Company and Group business results
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- Company and Group risk exposure
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- Human resources
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- ESG and Corporate Governance
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- Research and development activities
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- Company and Group own share redemption
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- Significant events after the reporting period
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- Appendices Financial Statements (Unaudited)
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- Statement by persons responsible for the preparation of the quarter report
1. GENERAL INFORMATION
Corporate name
Jadran, dioničko društvo za hotelijerstvo i turizam (further referred as: "The Company"), Reg. No. (MBS): 040000817, VAT No.: 56994999963. The short corporate name is Jadran d.d.
Registered office and legal form
Jadran d.d. is a joint-stock company. Headquarter of the Company is at Bana Jelačića 16, Crikvenica, Republic of Croatia.
Securities
As of 31 March 2026, the Company's share capital amounts to EUR 64,039,780 divided into 27,971,463 regular shares with no nominal value. The shares were issued in dematerialized form, ticker: JDRN-R-B, ISIN: HRJDRNB0002, and are held at the repository of the Central Depositary and Clearing Company.
Management Board Members:
- Miroslav Pelko, Management Board Member and
- Ante Jelčić, Management Board Member.
Supervisory Board Members:
- Vice Tomaš, Chairman of the Supervisory Board;
- Boris Mažurin, Deputy Chairman of the Supervisory Board;
- Amir Hadžijusufović, Supervisory Board Member;
- Filip Palinić Čulin, Supervisory Board Member and
- Mihael Jovanović, Supervisory Board Member, representative of workers.
Jadran Group comprises Jadran d. d. and its subsidiaries:
Based on the contracts concluded on February 6, 2023, the Jadran Group comprises Jadran d. d. and subsidiaries:
- Adria coast turizam d.o.o., in which Jadran d. d. holds 20 business shares having a total value of EUR 13,200.00, with individual nominal value of the business share in the amount of EUR 660.00, which represent 100% of shares and voting rights and
- Stolist d.o.o. in which Jadran d.d. holds 100% of shares.
List of Company shareholders holding 5 percent or more of the Company's share capital (status as of 31 March 2026):
- Erste & Steiermärkische Bank d.d. / PBZ CO OMF, Class B, holds 16,307,401 shares accounting for 58.30% of the Company's share capital; and
- OTP Bank d.d. / Erste Plavi OMF, Class B, holds 8,547,346 shares accounting for 30.56% of the Company's share capital.
2. COMPANY AND GROUP BUSINESS RESULTS
Company Jadran d. d. in the period from January to March 2026, achieved 13% less commercial overnights compared to the same period in 2025. The decrease in overnight stays, compared to the previous year, was achieved on almost all sales channels, except for the group and OTA channels.
Total revenues of the Company in the first quarter of 2026 amounted to EUR 1,379,479 and are 3% higher than the revenues realized in the same period of 2025. Business revenues in the first quarter of 2026 amounted to EUR 1,366,523 and are 4% higher than the revenues realized in the same period of 2025. Financial revenues amounted to EUR 12,956 and EUR 8,384 more than those realized in the same period in 2025.
From January to March 2026, the Company made EUR 4,728,594 in expenses, which is 4% higher than the expenses made in the same period in 2025. Material costs amounted to EUR 1,341,724 and are 12% higher than the costs realized in 2025. Personnel costs amounted to EUR 1,511,342 and are EUR 2015 lower than the costs incurred in 2025. Depreciation amounted to EUR 1,112,868 and is 2% lower than that realized in the same period in 2025. Other expenses amounted to EUR 246,211 and are 6% lower than the expenses incurred in 2025. There were no value adjustments in 2026, while in 2025 provisions in the amount of EUR 43,645 were released. Other business expenses amounted to EUR 3,845 and are EUR 49,553 less than the expenses realized in the same period in 2025. Financial expenses amounted to EUR 512,604 and are EUR 104,392 higher than the expenses incurred in 2025.
Jadran d. d. from January to March 2026 realized a loss in the amount of EUR 3,349,115, while in the same period in 2025 a loss of EUR 3,196,761 was realized. EBITDA in the first quarter amounted to EUR -1.736.599, while in the same period last year it was EUR -1.669.264.
In the first quarter of 2026, the Group achieved a total of 13% less than overnights achieved in 2025. The decrease in overnight stays, compared to the previous year, was achieved on almost all sales channels, except for the group and OTA channels.
In the period from January to March 2026, the Group generated a total of EUR 1,291,618 in revenue, which is 3% higher than the revenue generated in the same period in 2025. Total expenses in the first quarter of 2026 amount to EUR 6,143,154 and are 1% higher than the expenses realized in the same period in 2025.
In the first quarter of 2026, a loss in the amount of EUR 4,851,537 was realized, while in the same period in 2025, a loss in the amount of EUR 4,819,295 was realized. EBITDA in the first quarter amounted to EUR - 2,048,988, while in the same period of 2025 it was EUR -2,008,387.
3. COMPANY AND GROUP RISK EXPOSURE
The most significant risks faced by the Company and the Group are as follows:
Competition risk
Competition risk in the tourism market is very high because other similar tourism destinations have invested substantial funds in the growth and development of their capacities, as well as in marketing activities focused on tourist arrivals, especially competitors in the direct environment. Among other things, competition is based on the prices, quality and substance of tourism offerings in Crikvenica Riviera, Makarska Riviera, island Brač Riviera and other domestic and foreign tourism destinations.
Currency risk
The official currency of the Company and the Group is EUR, which significantly reduced the currency risk to a minimum. The Company and the Group make most of their traffic with guests whose official currency is EUR, therefore no significant disturbances are expected that could affect the operations of the Company and the Group.
Interest rate risk
The Company and the Group are exposed to interest rate risk because they enter into loan agreements with, inter alia, variable interest rates with banks, which exposes the Company and the Group to increased risk. Rising trends of inflation rates and general levels of interest rates in international and national financial markets are actively monitored to allow the Company and the Group to respond in a timely manner in case of expected changes in interest rates on the national money market. In particular, the announcements of the central banks that create the monetary policy are actively followed, and the Company and the Group plan to harmonize their credit arrangements accordingly.
Settlement risk
Settlement risk is present in all bilateral transactions. Considering that the performance of monetary obligations to the issuers is one of the key elements necessary for uninterrupted business, the Company and the Group give high importance to this risk. The Company and the Group have established stringent procedures to minimize collection risks.
During the pandemic, war conflicts in the immediate or distant environment, certain partners may be additionally exposed to liquidity risk, which may result in increased settlement risk. In addition, settlement risk arising from executed contracts may be significantly increased in case a contract is terminated for force majeure or if free movement of persons and goods is prevented during pandemics or war conflicts in the immediate or distant environment.
Inflation risk (increases in consumer prices)
The pandemic, wars and the disruptions in supply chains that caused as a direct consequence had an increase in energy prices, but also the prices of other goods and services. Inflation and the increase in the purchase prices of goods and services can have an impact on the purchasing power of guests, but also on the selling prices in the facilities of the Company and the Group.
The Company and the Group achieve a large share of overnights through direct channels, thus achieving flexibility when forming final prices.
Liquidity risk
The Company and the Group manage this risk by maintaining adequate reserves and by obtaining loans from banks and using other sources of funding, by constantly monitoring planned and actual cash flows, and by comparing maturity profiles of financial assets and liabilities. The Company and the Group treat this risk as particularly important if there is increased uncertainty regarding revenue earning abilities as a result of the pandemic's adverse effects on the free movement of guests, impairment of their spending powers, and default on contracts by business partners. Liquidity risk management includes maintaining enough cash and working capital.
Risk of tax and concession legislation developments
The risk of tax and concession legislation developments is the likelihood that legislative authorities will amend tax legislation in a way that they adversely impact the Company's and Group's profitability. This risk is reflected in potential changes in tax rates and taxable assets, as well as in changes in regulations concerning concessions and concessional authorizations. The right to use a maritime domain is one of the significant conditions' precedents to further operation of the Company and the Group, so the Company and the Group have actively endeavored to establish new bases for cooperation with the local community in this segment.
Tourism industry risk
Tourism trends are largely affected by the broader political situation, growth of terrorism, the global financial crisis and the pandemic. As an industry, tourism is highly sensitive to the state of security at the destination and its surroundings. By launching the investment cycle, the Company and the Group will endeavor to minimize the impact of adverse market trends and the resulting risks.
The global financial crisis may significantly reduce the spending power of individuals inclined to traveling, whereas a pandemic and war may also significantly reduce or eliminate the effects of tourist arrivals at the Company's and Group's destination.
Environmental risk
Environmental risk may significantly affect the Company's and Group's performance, notably through the quality of the sea and coast where guests stay. Climate change may directly affect the length of stay in Company's and Group's accommodation facilities. This risk also includes other natural disasters.
4. HUMAN RESOURCES
The total number of employees on the employment contract as of March 31, 2026 in Jadran d. d. was 279 employees.
The total number of employees on the employment contract as of March 31, 2026 in Adria coast turizam d.o.o. was 32 employees.
In the company Stolist d.o.o. on March 31, 2026, there were no employees.
As of March 31, 2026, the Group employed 311 workers.
5. ESG AND CORPORATE GOVERNANCE
The management of the Company and the Group, considering the challenges of ESG reporting, is considering the establishment of a department that will deal with ESG practices through various aspects of business. Also, employees regularly attend training and workshops organized by various associations and companies to become more familiar with business practices.
The Company and the Group continuously monitor events in the environment and invest in market research, recognition of business opportunities and realization of new acquisitions. The Company and the Group direct and support the activities of affiliated companies.
6. RESEARCH AND DEVELOPMENT ACTIVITIES
The Company and the Group constantly monitor developments in its environment and invests in market research, identification of business opportunities, and new acquisitions. The Company and the Group direct and support its affiliate's activities.
7. COMPANY AND GROUP OWN SHARE REDEMPTION
As of 31 March 2026, the share capital of Jadran d.d. was EUR 64,039,780 divided into and contained in 27,971,463 regular dematerialized shares with no nominal value, and the Company held 631 own shares, which accounted for 0.0023% of the Company's share capital.
As of 31 March 2026, the share capital of Adria coast turizam d.o.o. was EUR 13,200.
As of 31 March 2026, the share capital of Stolist d.o.o. was EUR 2,654.46.
8. SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD
JADRAN d.d., further to the Decision of the General Assembly of the Company on initiating the process of recapitalization and finding a potential investor of 23.03.2026. (hereinafter referred to as: the Decision), announces that the Company has received non-binding offers from potential investors. The Management Board and Supervisory Board of the Company will consider the received offers and, based on the criteria set out in the Decision, will select potential investors who will be enabled to conduct due diligence on the Company and participate in the further process. The Company will inform the investment public about the further course of the process in a timely manner.
9. APPENDICES – FINANCIAL STATEMENTS (UNAUDITED)
| Annex 1 | |||||
|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | |||||
| Reporting period: | 1.1.2026 | to | 31.3.2026 | ||
| Year: | 2026 | ||||
| Quarter: | 1 | ||||
| Quarterly financial statements | |||||
| Registration number (MB): | 03145662 | Issuer's home MemberState code: | HR | ||
| Entity's registrationnumber (MBS): | 040000817 | ||||
| Personal identificationnumber (OIB): | 56994999963 | LEI: | 74780030Q33IX8LEE969 | ||
| Institutioncode: | 1285 | ||||
| Name of the issuer: JADRAN d.d. | |||||
| Postcode and town: | 51260 | CRIKVENICA | |||
| Street and house number: BANA JELAČIĆA 16 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.jadran-crikvenica.hr | |||||
| Number of employees(end of the reporting | 279 | ||||
| Consolidated report: | KN | (KN-not consolidated/KD-consolidated) | KN | KD | |
| Audited: | RN | (RN-not audited/RD-audited) | RN | RD | |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |||
| Bookkeeping firm: | No | (Yes/No) | YesNo | ||
| Contact person: IVANČIĆ MAJETIĆ NATALI | (name of the bookkeeping firm) | ||||
| (only name and surname of the contact person)Telephone: 051800482 | |||||
| E-mail address: [email protected] | |||||
| Audit firm: | |||||
| Certified auditor: | (name of the audit firm) | ||||
| (name and surname) |
BALANCE SHEET balance as at 31.3.2026
ADP code Last day of the preceding business year At the reporting date of the current period 2 3 4 001 0.00 0.00 002 107,628,205.22 107,131,500.49 003 5,814,822.04 5,777,459.73 004 0.00 0.00 005 80,665.52 69,578.99 006 0.00 0.00 007 0.00 0.00 008 0.00 0.00 009 5,734,156.52 5,707,880.74 010 75,267,846.01 74,766,535.65 011 32,040,459.54 32,040,459.54 012 31,524,693.65 31,215,494.78 013 7,061,902.01 6,553,522.34 014 0.00 0.00 015 353,135.99 339,843.71 016 0.00 0.00 017 202,358.16 534,193.55 018 0.00 0.00 019 4,085,296.66 4,083,021.73 020 24,930,969.58 24,930,969.58 021 23,071,509.98 23,071,509.98 022 0.00 0.00 023 1,859,459.60 1,859,459.60 024 0.00 0.00 025 0.00 0.00 026 0.00 0.00 027 0.00 0.00 028 0.00 0.00 029 0.00 0.00 030 0.00 0.00 031 0.00 0.00 032 0.00 0.00 033 0.00 0.00 034 0.00 0.00 035 0.00 0.00 036 1,614,567.59 1,656,535.53 037 2,650,877.41 7,708,065.86 038 155,511.14 165,687.84 039 151,305.82 161,764.04 040 0.00 0.00 041 0.00 0.00 042 4,205.32 3,923.80 043 0.00 0.00 044 0.00 0.00 045 0.00 0.00 046 741,466.34 1,584,733.06 047 24,329.97 59,459.83 048 0.00 0.00 049 283,195.40 614,827.34 050 6,800.00 18,016.35 051 165,050.10 63,910.00 4 Other receivables V DEFERRED TAX ASSETS 3 Finished goods 4 Merchandise 8 Other tangible assets 9 Investment property III FIXED FINANCIAL ASSETS (ADP 021 to 030) 5 Investment in other securities of companies linked by virtue of participating interests 6 Loans, deposits etc. to companies linked by virtue of participating interests 2 Concessions, patents, licences, trademarks, software and other rights 3 Goodwill 4 Advances for the purchase of intangible assets 5 Intangible assets in preparation 5 Biological assets 6 Advances for the purchase of tangible assets 7 Tangible assets in preparation Submitter: JADRAN d.d. 6 Other intangible assets II TANGIBLE ASSETS (ADP 011 to 019) 1 Item A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (ADP 003+010+020+031+036) I INTANGIBLE ASSETS (ADP 004 to 009) 1 Research and development C) CURRENT ASSETS (ADP 038+046+053+063) I INVENTORIES (ADP 039 to 045) 1 Raw materials and consumables 6 Fixed assets held for sale 7 Biological assets 7 Investments in securities 8 Loans, deposits, etc. given 9 Other investments accounted for using the equity method 10 Other fixed financial assets 5 Advances for inventories 2 Production in progress IV RECEIVABLES (ADP 032 to 035) 1 Receivables from undertakings within the group 1 Investments in holdings (shares) of undertakings within the group 2 Investments in other securities of undertakings within the group 3 Loans, deposits, etc. to undertakings within the group 4Investments in holdings (shares) of companies linked by virtue of participating interests 1 Land 2 Buildings 3 Plant and equipment 4 Tools, working inventory and transportation assets 2 Receivables from companies linked by virtue of participating 3 Customer receivables II RECEIVABLES (ADP 047 to 052) 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating 3 Customer receivables 4 Receivables from employees and members of the undertaking 5 Receivables from government and other institutions
| 6 Other receivables | 052 | 262,090.87 | 828,519.54 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 165,420.83 | 2,178,314.63 |
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 0.00 | 0.00 |
| 2 Investments in other securities of undertakings within the group | 055 | 0.00 | 0.00 |
| 3 Loans, deposits, etc. to undertakings within the group | 056 | 165,420.83 | 178,314.63 |
| 4 Investments in holdings (shares) of companies linked by virtue of | |||
| participating interests | 057 | 0.00 | 0.00 |
| 5 Investment in other securities of companies linked by virtue of | 058 | 0.00 | 0.00 |
| participating interests6 Loans, deposits etc. to companies linked by virtue of participating | |||
| interests | 059 | 0.00 | 0.00 |
| 7 Investments in securities | 060 | 0.00 | 0.00 |
| 8 Loans, deposits, etc. given | 061 | 0.00 | 2,000,000.00 |
| 9 Other financial assets | 062 | 0.00 | 0.00 |
| IV CASH AT BANK AND IN HAND | 063 | 1,588,479.10 | 3,779,330.33 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 222,707.26 | 364,334.44 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 110,501,789.89 | 115,203,900.79 |
| OFF-BALANCE SHEET ITEMS | 066 | 0.00 | 0.00 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 65,531,400.92 | 62,224,254.20 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 64,039,780.00 | 64,039,780.00 |
| II CAPITAL RESERVES | 069 | 3,371,335.85 | 3,371,335.85 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 0.00 | 0.00 |
| 1 Legal reserves | 071 | 0.00 | 0.00 |
| 2 Reserves for treasury shares | 072 | 0.00 | 0.00 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0.00 | 0.00 |
| 4 Statutory reserves | 074 | 0.00 | 0.00 |
| 5 Other reserves | 075 | 0.00 | 0.00 |
| IV REVALUATION RESERVES | 076 | 27,713,796.54 | 27,713,796.54 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 083) | 077 | 0.00 | 0.00 |
| 1 Financial assets at fair value through other comprehensive income(i.e. available for sale) | 078 | 0.00 | 0.00 |
| 2 Cash flow hedge - effective portion | 079 | 0.00 | 0.00 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0.00 | 0.00 |
| 4 Other fair value reserves | 081 | 0.00 | 0.00 |
| 5 Exchange rate differences from translation of foreign operations | 082 | 0.00 | 0.00 |
| (consolidation)6 Exchange rate differences from translation into the presentation | |||
| currency | 083 | 0.00 | 0.00 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 085- | 084 | -25,699,554.48 | -29,593,511.47 |
| 1 Retained profit | 085 | 0.00 | 0.00 |
| 2 Loss brought forward | 086 | 25,699,554.48 | 29,593,511.47 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 088-089) | 087 | -3,893,956.99 | -3,307,146.720.00 |
| 1 Profit for the business year | 088 | 0.00 | 3,307,146.72 |
| 2 Loss for the business year | 089 | 3,893,956.99 | 0.00 |
| VIII MINORITY (NON-CONTROLLING) INTERESTB) PROVISIONS (ADP 092 to 097) | 090 | 0.00 | 123,289.06 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091092 | 123,289.0671,920.69 | 71,920.69 |
| 2 Provisions for tax liabilities | 0.00 | ||
| 3 Provisions for ongoing legal cases | 093094 | 0.0051,368.37 | 51,368.37 |
| 4 Provisions for renewal of natural resources | 095 | 0.00 | 0.00 |
| 5 Provisions for warranty obligations | 096 | 0.00 | 0.00 |
| 6 Other provisions | 097 | 0.00 | 0.00 |
| C) LONG-TERM LIABILITIES (ADP 099 to 109) | 098 | 38,261,180.28 | 37,816,015.00 |
| 1 Liabilities to undertakings within the group | 099 | 0.00 | 0.00 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 100 | 0.00 | 0.00 |
| 3 Liabilities to companies linked by virtue of participating interests | 101 | 0.00 | 0.00 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | |||
| participating interests | 102 | 0.00 | 0.00 |
| 5 Liabilities for loans, deposits etc. | 103 | 0.00 | 0.00 |
| 6 Liabilities to banks and other financial institutions | 104 | 29,705,723.77 | 29,142,951.54 |
| 7 Liabilities for advance payments | 105 | 0.00 | 0.00 |
| 8 Liabilities to suppliers | 106 | 0.00 | 0.00 |
| 9 Liabilities for securities | 107 | 0.00 | 0.00 |
|---|---|---|---|
| 10 Other long-term liabilities | 108 | 8,555,456.51 | 8,673,063.46 |
| 11 Deferred tax liability | 109 | 0.00 | 0.00 |
| D) SHORT-TERM LIABILITIES (ADP 111 to 124) | 110 | 6,511,077.49 | 14,965,500.39 |
| 1 Liabilities to undertakings within the group | 111 | 0.00 | 0.00 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 112 | 0.00 | 0.00 |
| 3 Liabilities to companies linked by virtue of participating interests | 113 | 0.00 | 0.00 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue ofparticipating interests | 114 | 0.00 | 0.00 |
| 5 Liabilities for loans, deposits etc. | 115 | 56,565.31 | 56,565.31 |
| 6 Liabilities to banks and other financial institutions | 116 | 3,011,790.75 | 3,003,734.36 |
| 7 Liabilities for advance payments | 117 | 353,613.79 | 1,887,632.85 |
| 8 Liabilities to suppliers | 118 | 739,466.39 | 1,244,457.98 |
| 9 Liabilities for securities | 119 | 0.00 | 6,516,072.00 |
| 10 Liabilities to employees | 120 | 740,565.81 | 535,850.27 |
| 11 Taxes, contributions and similar liabilities | 121 | 258,924.57 | 307,192.88 |
| 12 Liabilities arising from the share in the result | 122 | 0.00 | 0.00 |
| 13 Liabilities arising from fixed assets held for sale | 123 | 0.00 | 0.00 |
| 14 Other short-term liabilities | 124 | 1,350,150.87 | 1,413,994.74 |
| E) ACCRUALS AND DEFERRED INCOME | 125 | 74,842.14 | 74,842.14 |
| F) TOTAL – LIABILITIES (ADP 067+091+098+110+125) | 126 | 110,501,789.89 | 115,203,900.79 |
| G) OFF-BALANCE SHEET ITEMS | 127 | 0.00 | 0.00 |
STATEMENT OF PROFIT OR LOSS for the period 1.1.2026 to 31.3.2026
Submitter: JADRAN d.d.
| Current period | |||||||
|---|---|---|---|---|---|---|---|
| Item | Same period of the previous year | ||||||
| code | Cumulative | Quarter | Cumulative | Quarter | |||
| 1I OPERATING INCOME (ADP 002 to 006) | 2001 | 31,316,010.00 | 41,316,010.00 | 51,366,522.79 | 61,366,522.79 | ||
| 1 Income from sales with undertakings within the group | 002 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Income from sales | 003 | 1,028,682.00 | 1,028,682.00 | 1,080,226.98 | 1,080,226.98 | ||
| 3 Income from the use of own products, goods and services | 004 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 4 Other operating income with undertakings within the group5 Other operating income (outside the group) | 005006 | 71,147.00216,181.00 | 71,147.00216,181.00 | 80,476.22205,819.59 | 80,476.22205,819.59 | ||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 4,125,899.00 | 4,125,899.00 | 4,215,989.82 | 4,215,989.82 | ||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 1,200,229.00 | 1,200,229.00 | 1,341,723.75 | 1,341,723.75 | ||
| a) Costs of raw materials and consumables | 010 | 466,014.00 | 466,014.00 | 497,092.18 | 497,092.18 | ||
| b) Costs of goods soldc) Other external costs | 011 | 1,178.00 | 1,178.00733,037.00 | 1,164.72843,466.85 | 1,164.72843,466.85 | ||
| 3 Staff costs (ADP 014 to 016) | 012013 | 733,037.001,513,357.00 | 1,513,357.00 | 1,511,342.39 | 1,511,342.39 | ||
| a) Net salaries and wages | 014 | 901,738.00 | 901,738.00 | 877,718.12 | 877,718.12 | ||
| b) Tax and contributions from salary costs | 015 | 393,732.00 | 393,732.00 | 403,438.95 | 403,438.95 | ||
| c) Contributions on salaries | 016 | 217,887.00 | 217,887.00 | 230,185.32 | 230,185.32 | ||
| 4 Depreciation | 017 | 1,140,625.00 | 1,140,625.00261,935.00 | 1,112,868.06246,211.10 | 1,112,868.06246,211.10 | ||
| 5 Other costs6 Value adjustments (ADP 020+021) | 018019 | 261,935.000.00 | 0.00 | 0.00 | 0.00 | ||
| a) fixed assets other than financial assets | 020 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| b) current assets other than financial assets | 021 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 7 Provisions (ADP 023 to 028) | 022 | -43,645.00 | -43,645.00 | 0.00 | 0.00 | ||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| b) Provisions for tax liabilitiesc) Provisions for ongoing legal cases | 024025 | 0.00-43,645.00 | 0.00-43,645.00 | 0.000.00 | 0.000.00 | ||
| d) Provisions for renewal of natural resources | 026 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| e) Provisions for warranty obligations | 027 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| f) Other provisions | 028 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 8 Other operating expenses | 029 | 53,398.00 | 53,398.00 | 3,844.52 | 3,844.52 | ||
| III FINANCIAL INCOME (ADP 031 to 040)1 Income from investments in holdings (shares) of undertakings within | 030 | 21,340.00 | 21,340.000.00 | 12,956.100.00 | 12,956.100.00 | ||
| 2 Income from investments in holdings (shares) of companies linked by | 031 | 0.00 | |||||
| virtue of participating interests3 Income from other long-term financial investment and loans granted to | 032 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| undertakings within the group | 033 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 4 Other interest income from operations with undertakings within thegroup | 034 | 21,311.00 | 21,311.00 | 12,893.80 | 12,893.80 | ||
| 5 Exchange rate differences and other financial income from operationswith undertakings within the group | 035 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 6 Income from other long-term financial investments and loans | 036 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 7 Other interest income8 Exchange rate differences and other financial income | 037038 | 29.000.00 | 29.000.00 | 62.300.00 | 62.300.00 | ||
| 9 Unrealised gains (income) from financial assets | 039 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 10 Other financial income | 040 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 408,212.00 | 408,212.00 | 512,603.73 | 512,603.73 | ||
| 1 Interest expenses and similar expenses with undertakings within thegroup | 042 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Exchange rate differences and other expenses from operations with | 043 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 3 Interest expenses and similar expenses4 Exchange rate differences and other expenses | 044045 | 408,212.000.00 | 408,212.000.00 | 418,915.650.00 | 418,915.650.00 | ||
| 5 Unrealised losses (expenses) from financial assets | 046 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 6 Value adjustments of financial assets (net) | 047 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 7 Other financial expenses | 048 | 0.00 | 0.00 | 93,688.08 | 93,688.08 | ||
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OFPARTICIPATING INTERESTS | 049 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| PARTICIPATING INTEREST | |||||||
| VIII SHARE IN LOSS OF JOINT VENTURESIX TOTAL INCOME (ADP 001+030+049 +050) | 052053 | 0.001,337,350.00 | 0.001,337,350.00 | 0.001,379,478.89 | 0.001,379,478.89 | ||
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 4,534,111.00 | 4,534,111.00 | 4,728,593.55 | 4,728,593.55 | ||
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -3,196,761.00 | -3,196,761.00 | -3,349,114.66 | -3,349,114.66 | ||
| 1 Pre-tax profit (ADP 053-054) | 056 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Pre-tax loss (ADP 054-053) | 057 | -3,196,761.00 | -3,196,761.00 | -3,349,114.66 | -3,349,114.66 | ||
| XII INCOME TAXXIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 058059 | -6,773.00-3,189,988.00 | -6,773.00-3,189,988.00 | -41,967.94-3,307,146.72 | -41,967.94-3,307,146.72 | ||
| 1 Profit for the period (ADP 055-059) | 060 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Loss for the period (ADP 059-055) | 061 | -3,189,988.00 | -3,189,988.00 | -3,307,146.72 | -3,307,146.72 | ||
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS(ADP 063-064) | 062 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 1 Pre-tax profit from discontinued operations | 063 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 2 Pre-tax loss on discontinued operations | 064 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| XV INCOME TAX OF DISCONTINUED OPERATIONS1 Discontinued operations profit for the period (ADP 062-065) | 065066 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 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 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | ||
| 2 Pre-tax loss (ADP 068)XVII INCOME TAX (ADP 058+065) | 070071 | 0.00 | |||||
| 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)1 Attributable to owners of the parent | 075076 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | ||
| 2 Attributable to minority (non-controlling) interest | 077 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | -3,189,988.00 | -3,189,988.00 | -3,307,146.72 | -3,307,146.72 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX(ADP 80 + 87) | 079 | 0.00 | 0.00 | 0.00 | 0.00 |
|---|---|---|---|---|---|
| III Items that will not be reclassified to profit or loss (ADP 081 to | 080 | 0.00 | 0.00 | 0.00 | 0.00 |
| 085) | |||||
| 1 Changes in revaluation reserves of fixed tangible and intangibleassets | 081 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2 Profit or loss arising from subsequent measurement of equitysecurities at fair value through other comprehensive income | 082 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Changes in the fair value of the financial liability at fair value throughstatement of profit or loss that is attributable to changes in the credit riskof that liability | 083 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0.00 | 0.00 | 0.00 | 0.00 |
| 5 Other items that will not be reclassified | 085 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0.00 | 0.00 | 0.00 | 0.00 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2 Exchange rate differences from translation into the presentationcurrency | 089 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Profit or loss arising from subsequent measurement of debt securitiesat fair value through other comprehensive income | 090 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Profit or loss arising from effective cash flow hedging | 091 | 0.00 | 0.00 | 0.00 | 0.00 |
| 5 Profit or loss arising from effective hedge of a net investment in aforeign operation | 092 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6 Share in other comprehensive income/loss of companies linked byvirtue of participating interests | 093 | 0.00 | 0.00 | 0.00 | 0.00 |
| 7 Changes in fair value of the time value of an option | 094 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8 Changes in fair value of the forward elements of forward contracts | 095 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9 Other items that may be reclassified to profit or loss | 096 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 Income tax relating to items that may be reclassified to profit or loss | 097 | 0.00 | 0.00 | 0.00 | 0.00 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087 -086 - 097) | 098 | 0.00 | 0.00 | 0.00 | 0.00 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP | 099 | -3,189,988.00 | -3,189,988.00 | -3,307,146.72 | -3,307,146.72 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP | 100 | -3,189,988.00 | -3,189,988.00 | -3,307,146.72 | -3,307,146.72 |
| 1 Attributable to owners of the parent | 101 | -3,189,988.00 | -3,189,988.00 | -3,307,146.72 | -3,307,146.72 |
| 2 Attributable to minority (non-controlling) interest | 102 | 0.00 | 0.00 | 0.00 | 0.00 |
STATEMENT OF CASH FLOWS - indirect method for the period 1.1.2026 to 31.3.2026
| Submitter: JADRAN d.d. | |
|---|---|
| ADPCurrent periodItemSame period of the previous year | |
| code3412 | |
| Cash flow from operating activities | |
| 1 Pre-tax profit-3,196,761.00001 | -3,349,114.66 |
| 2 Adjustments (ADP 003 to 010):0021,483,851.00 | 1,518,827.61 |
| a) Depreciation0031,140,625.00 | 1,112,868.06 |
| b) Gains and losses from sale and value adjustment of fixed tangible and0040.00 | 0.00 |
| intangible assets | |
| c) Gains and losses from sale and unrealised gains and losses and0050.00value adjustment of financial assets | 0.00 |
| d) Interest and dividend income006-21,340.00 | -12,956.10 |
| e) Interest expenses007408,211.00 | 418,915.65 |
| f) Provisions008-43,645.00 | 0.00 |
| g) Exchange rate differences (unrealised)0090.00 | 0.00 |
| h) Other adjustments for non-cash transactions and unrealised gains and0100.00 | 0.00 |
| losses | |
| I Cash flow increase or decrease before changes in working capital-1,712,910.00011 | -1,830,287.05 |
| (ADP 001+002) | |
| 3 Changes in the working capital (ADP 013 to 016)0121,371,441.00 | 1,416,655.36 |
| a) Increase or decrease in short-term liabilities0131,382,599.00 | 1,789,974.27 |
| b) Increase or decrease in short-term receivables-188,985.00014 | -843,266.72 |
| c) Increase or decrease in inventories015-7,203.00 | -10,176.70 |
| d) Other increase or decrease in working capital016185,030.00II Cash from operations (ADP 011+012)-341,469.00017 | 480,124.51-413,631.69 |
| 4 Interest paid018-370,039.00 | -426,972.04 |
| 5 Income tax paid0190.00 | 0.00 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)020-711,508.00 | -840,603.73 |
| Cash flow from investment activities | |
| 1 Cash receipts from sales of fixed tangible and intangible assets2,347.00021 | 0.00 |
| 2 Cash receipts from sales of financial instruments0220.00 | 0.00 |
| 3 Interest received29.00023 | 62.30 |
| 4 Dividends received0240.00 | 0.00 |
| 5 Cash receipts from repayment of loans and deposits0250.00 | 0.00 |
| 6 Other cash receipts from investment activities0.00026 | 0.00 |
| III Total cash receipts from investment activities (ADP 021 to 026)0272,376.00 | 62.30 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets028-186,265.00 | -331,835.39 |
| 2 Cash payments for the acquisition of financial instruments0290.00 | 0.00 |
| 3 Cash payments for loans and deposits for the period0300.00 | -2,000,000.00 |
| 4 Acquisition of a subsidiary, net of cash acquired0.00031 | 0.00 |
| 5 Other cash payments from investment activities0320.00 | 0.00 |
| IV Total cash payments from investment activities (ADP 028 to 032)033-186,265.00 | -2,331,835.39 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027+033)034-183,889.00 | -2,331,773.09 |
| Cash flow from financing activities | |
| 1 Cash receipts from the increase in initial (subscribed) capital0350.00 | 0.00 |
| 2 Cash receipts from the issue of equity financial instruments and debt | |
| 0360.00financial instruments | 5,980,450.88 |
| 3 Cash receipts from credit principals, loans and other borrowings0.00037 | 0.00 |
| 4 Other cash receipts from financing activities0380.00 | 0.00 |
| V Total cash receipts from financing activities (ADP 035 to 038)0.00039 | 5,980,450.88 |
| 1 Cash payments for the repayment of credit principals, loans and other | |
| 040-232,575.00borrowings and debt financial instruments | -562,772.23 |
| 2 Cash payments for dividends0410.00 | 0.00 |
| 3 Cash payments for finance lease042-287,310.00 | -54,450.60 |
| 4 Cash payments for the redemption of own shares and decrease in initial | |
| 0.00043(subscribed) capital | 0.00 |
| 5 Other cash payments from financing activities0.00044 | 0.00 |
| VI Total cash payments from financing activities (ADP 040 to 044)045-519,885.00 | -617,222.83 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039+045)-519,885.00046 | 5,363,228.05 |
| 1 Unrealised exchange rate differences in respect of cash and cash0470.00 | |
| D) NET INCREASE OR DECREASE IN CASH FLOW (ADP | 0.00 |
| 048-1,415,282.00020+034+046+047) | 2,190,851.23 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE1,896,687.00049 | 1,588,479.10 |
| STATEMENT OF CHANGES IN EQUITYtofor the period from1.1.2026 | 31.3.2026 | in EUR | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | ||||||||||||||||||||
| Item | ADPcode | Initial (subscribed)capital | Capital reserves Legal reserves Reserves for | treasury shares | Treasury sharesand holdings(deductible item) | Statutory reserves Other reserves | Revaluationreserves | Financial assets atfair value throughothercomprehensiveincome (available | Cash flow hedge -effective portion | Hedge of a netinvestment in aforeign operation -effective portion | Other fair valuereserves | Exchange ratedifferences fromtranslation offoreign operations | Exchange ratedifferences fromtranslation intothe presentationcurrency | Retained profit /loss broughtforward | Profit/loss for thebusiness year | Total attributableto owners of theparent | Minority (noncontrolling)interest | Total capital andreserves | ||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | for sale)11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 (3 to 6 - 7 | 20 | 21 (19+20) |
| Previous period | + 8 to 18) | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 64,039,780.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -25,699,554.48 | 0.00 69,425,357.91 | 0.00 69,425,357.91 | |||
| 2 Changes in accounting policies3 Correction of errors | 0203 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 64,039,780.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -25,699,554.48 | 0.00 | 69,425,357.91 | 0.00 | 69,425,357.91 | |
| 5 Profit/loss of the period | 05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,893,956.99 | -3,893,956.99 | 0.00 | -3,893,956.99 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8 Profit or loss arising from subsequent measurement of financial assets at fair valuethrough other comprehensive income (available for sale) | 08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11 Share in other comprehensive income/loss of companies linked by virtue ofparticipating interests | 11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13 Other changes in equity unrelated to owners | 13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14 Tax on transactions recognised directly in equity15 Decrease in initial (subscribed) capital (other than that arising from the pre | 14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| bankruptcy settlement procedure and arising from the reinvestment of profit)16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| procedure | 16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 18 Redemption of treasury shares/holdings19 Payments from members/shareholders | 1819 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 20 Payment of share in profit/dividend | 20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 21 Other distributions and payments to members/shareholders | 21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 22 Transfer to reserves according to the annual schedule23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 22 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.00 | 0.00 | 0.00 |
| 24 Balance on the last day of the previous business year reporting period (ADP | 23 | 0.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -25,699,554.48 | -3,893,956.99 | 0.0065,531,400.92 | 0.000.00 | 0.0065,531,400.92 | |
| 04 to 23)APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | 24 | 64,039,780.00 | ||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX(ADP 06 to 14) | 25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP05+25) | 26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,893,956.99 | -3,893,956.99 | 0.00 | -3,893,956.99 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISEDDIRECTLY IN EQUITY (ADP 15 to 23) | 27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current period1 Balance on the first day of the current business year | 28 | 64,039,780.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -29,593,511.47 | 0.00 65,531,400.92 | 0.00 65,531,400.92 | |||
| 2 Changes in accounting policies | 29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Correction of errors | 30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Balance on the first day of the current business year (restated) (ADP 28 to 30) | 31 | 64,039,780.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -29,593,511.47 | 0.00 | 65,531,400.92 | 0.00 | 65,531,400.92 | |
| 5 Profit/loss of the period | 32 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,307,146.72 | -3,307,146.72 | 0.00 | -3,307,146.72 |
| 6 Exchange rate differences from translation of foreign operations7 Changes in revaluation reserves of fixed tangible and intangible assets | 3334 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 8 Profit or loss arising from subsequent measurement of financial assets at fair value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| through other comprehensive income (available for sale) | 35 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 9 Profit or loss arising from effective cash flow hedge10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 3637 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of | ||||||||||||||||||||
| participating interests | 38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12 Actuarial gains/losses on the defined benefit obligation13 Other changes in equity unrelated to owners | 3940 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 14 Tax on transactions recognised directly in equity | 41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15 Decrease in initial (subscribed) capital (other than that arising from the prebankruptcy settlement procedure and arising from the reinvestment of profit) | 42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlementprocedure | 43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 18 Redemption of treasury shares/holdings | 45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 19 Payments from members/shareholders20 Payment of share in profit/dividend | 4647 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 21 Other distributions and payments to members/shareholders | 48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 22 Carryforward per annual plan | 49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure24 Balance on the last day of the current business year reporting period (ADP 31 | 50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| to 50) | 51 | 64,039,780.00 | 3,371,335.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -29,593,511.47 | -3,307,146.72 | 62,224,254.20 | 0.00 | 62,224,254.20 | |
| 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 OFTAX (ADP 33 to 41) | 52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP3252) | 53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,307,146.72 | -3,307,146.72 | 0.00 | -3,307,146.72 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISEDDIRECTLY IN EQUITY (ADP 42 to 50) | 54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
NOTES TO FINANCIAL STATEMENTS – QFS (drawn up for quarterly periods)
Name of the issuer: JADRAN d.d.
Personal identification number (OIB): 56994999963
Reporting period: 1.1.2026.-31.3.2026
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the quarterly reporting period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (paragraphs 15 to 15c of the IAS 34 – Interim Financial Reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the quarterly reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the quarterly reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (paragraph 16A(a) of the IAS 34 – Interim Financial Reporting
d) a description of the financial performance in the case of the issuer whose business is seasonal (paragraphs 37 and 38 of the IAS 34 – Interim Financial Reporting)
e) other disclosures prescribed by the IAS 34 – Interim Financial Reporting, and
f) in the notes to the quarterly financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:
-
issuer's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the issuer is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
-
adopted accounting policies (only an indication of whether there has been a change relative to the previous period)
-
the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the issuer within the group or company linked by virtue of participating interest shall be disclosed separately
-
the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
-
amounts owed by the issuer and falling due after more than five years, as well as the total debts of the issuer covered by valuable security furnished, with an indication of the nature and form of the security
-
average number of employees during the current period
-
where, in accordance with the regulations, the issuer capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
-
where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year
-
the name and registered office of each of the companies in which the issuer, either itself or through a person acting in their own name but on the issuer's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the company concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the company concerned does not publish its balance sheet and is not controlled by another company
-
the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
-
the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
-
the name, registered office and legal form of each of the companies of which the issuer is a member having unlimited liability
-
the name and registered office of the company which draws up the quarterly consolidated financial statements of the largest group of companies of which the issuer forms part as a controlled group member
-
the name and registered office of the company which draws up the quarterly consolidated financial statements of the smallest group of companies of which the issuer forms part as a controlled group member and which is also included in the group of companies referred to in point 13
-
the place where copies of the quarterly consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
-
the nature and business purpose of the issuer's arrangements that are not included in the balance sheet and the financial impact on the issuer of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the issuer
-
the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
| Annex 1 | |||||
|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | |||||
| Reporting period: | 1.1.2026 | to | 31.3.2026 | ||
| Year: | 2026 | ||||
| Quarter: | 1 | ||||
| Quarterly financial statements | |||||
| Registration number (MB): | 03145662 | Issuer's home MemberState code: | HR | ||
| Entity's registrationnumber (MBS): | 040000817 | ||||
| Personal identificationnumber (OIB): | 56994999963 | LEI: | 74780030Q33IX8LEE969 | ||
| Institutioncode: | 1285 | ||||
| Name of the issuer: JADRAN d.d. | |||||
| Postcode and town: | 51260 | CRIKVENICA | |||
| Street and house number: BANA JELAČIĆA 16 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.jadran-crikvenica.hr | |||||
| Number of employees(end of the reporting | 311 | ||||
| Consolidated report: | KD | (KN-not consolidated/KD-consolidated) | KN | KD | |
| Audited: | RN | (RN-not audited/RD-audited) | RN | RD | |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |||
| STOLIST D.O.O. | CRIKVENICA, FRANKOPANSKA 22 | 2741865 | |||
| ADRIA COAST TURIZAM D.O.O. | CRIKVENICA, BANA JELAČIĆA 16 | 4628233 | |||
| YesNo | |||||
| Bookkeeping firm: | No | (Yes/No) | (name of the bookkeeping firm) | ||
| Contact person: NATALI IVANČIĆ MAJETIĆ(only name and surname of the contact person) | |||||
| Telephone: 051800482 | |||||
| E-mail address: [email protected] | |||||
| Audit firm: | |||||
| Certified auditor: | (name of the audit firm) | ||||
| (name and surname) |
BALANCE SHEET balance as at 31.3.2026
ADP code Last day of the preceding business year At the reporting date of the current period 2 3 4 001 0.00 0.00 002 121,938,713.58 120,579,054.80 003 6,511,666.40 6,468,481.93 004 0.00 0.00 005 99,610.10 86,892.41 006 489,331.40 489,331.40 007 0.00 0.00 008 0.00 0.00 009 5,922,724.90 5,892,258.12 010 113,682,407.70 112,323,965.45 011 36,030,802.39 36,030,802.39 012 60,203,237.74 59,490,724.00 013 12,704,241.55 11,751,373.97 014 0.00 0.00 015 456,471.21 426,268.37 016 0.00 0.00 017 202,358.15 541,774.99 018 0.00 0.00 019 4,085,296.66 4,083,021.73 020 130,071.89 130,071.89 021 0.00 0.00 022 0.00 0.00 023 0.00 0.00 024 0.00 0.00 025 0.00 0.00 026 0.00 0.00 027 0.00 0.00 028 130,071.89 130,071.89 029 0.00 0.00 030 0.00 0.00 031 0.00 0.00 032 0.00 0.00 033 0.00 0.00 034 0.00 0.00 035 0.00 0.00 036 1,614,567.59 1,656,535.53 037 4,088,018.10 9,248,389.86 038 179,533.50 190,218.76 039 174,026.77 184,993.55 040 0.00 0.00 041 0.00 0.00 042 5,506.73 5,225.21 043 0.00 0.00 044 0.00 0.00 045 0.00 0.00 046 848,159.06 1,653,042.58 047 0.00 0.00 048 0.00 0.00 049 311,211.84 641,258.13 050 6,800.00 21,362.35 051 214,778.04 113,225.96 4 Other receivables V DEFERRED TAX ASSETS 3 Finished goods 4 Merchandise 8 Other tangible assets 9 Investment property III FIXED FINANCIAL ASSETS (ADP 021 to 030) 5 Investment in other securities of companies linked by virtue of participating interests 6 Loans, deposits etc. to companies linked by virtue of participating interests 2 Concessions, patents, licences, trademarks, software and other rights 3 Goodwill 4 Advances for the purchase of intangible assets 5 Intangible assets in preparation 5 Biological assets 6 Advances for the purchase of tangible assets 7 Tangible assets in preparation Submitter: JADRAN d.d.-consolidated 6 Other intangible assets II TANGIBLE ASSETS (ADP 011 to 019) 1 Item A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (ADP 003+010+020+031+036) I INTANGIBLE ASSETS (ADP 004 to 009) 1 Research and development C) CURRENT ASSETS (ADP 038+046+053+063) I INVENTORIES (ADP 039 to 045) 1 Raw materials and consumables 6 Fixed assets held for sale 7 Biological assets 7 Investments in securities 8 Loans, deposits, etc. given 9 Other investments accounted for using the equity method 10 Other fixed financial assets 5 Advances for inventories 2 Production in progress IV RECEIVABLES (ADP 032 to 035) 1 Receivables from undertakings within the group 1 Investments in holdings (shares) of undertakings within the group 2 Investments in other securities of undertakings within the group 3 Loans, deposits, etc. to undertakings within the group 4Investments in holdings (shares) of companies linked by virtue of participating interests 1 Land 2 Buildings 3 Plant and equipment 4 Tools, working inventory and transportation assets 2 Receivables from companies linked by virtue of participating 3 Customer receivables II RECEIVABLES (ADP 047 to 052) 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating 3 Customer receivables 4 Receivables from employees and members of the undertaking 5 Receivables from government and other institutions
| 6 Other receivables | 052 | 315,369.18 | 877,196.14 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0.00 | 2,000,000.00 |
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 0.00 | 0.00 |
| 2 Investments in other securities of undertakings within the group | 055 | 0.00 | 0.00 |
| 3 Loans, deposits, etc. to undertakings within the group | 056 | 0.00 | 0.00 |
| 4 Investments in holdings (shares) of companies linked by virtue of | |||
| participating interests | 057 | 0.00 | 0.00 |
| 5 Investment in other securities of companies linked by virtue of | 058 | 0.00 | 0.00 |
| participating interests6 Loans, deposits etc. to companies linked by virtue of participating | 059 | 0.00 | 0.00 |
| interests | |||
| 7 Investments in securities | 060 | 0.00 | 0.00 |
| 8 Loans, deposits, etc. given | 061 | 0.00 | 2,000,000.00 |
| 9 Other financial assets | 062 | 0.00 | 0.00 |
| IV CASH AT BANK AND IN HAND | 063 | 3,060,325.54 | 5,405,128.52 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 237,060.06 | 431,416.67 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 126,263,791.74 | 130,258,861.33 |
| OFF-BALANCE SHEET ITEMS | 066 | 0.00 | 0.00 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 56,790,427.97 | 52,020,112.81 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 64,039,780.00 | 64,039,780.003,371,335.84 |
| II CAPITAL RESERVES | 069 | 3,371,335.84 | 0.00 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075)1 Legal reserves | 070 | 0.00 | 0.00 |
| 2 Reserves for treasury shares | 071 | 0.00 | 0.00 |
| 3 Treasury shares and holdings (deductible item) | 072073 | 0.000.00 | 0.00 |
| 4 Statutory reserves | 074 | 0.00 | 0.00 |
| 5 Other reserves | 075 | 0.00 | 0.00 |
| IV REVALUATION RESERVES | 076 | 27,713,796.54 | 27,713,796.54 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 083) | 077 | 0.00 | 0.00 |
| 1 Financial assets at fair value through other comprehensive income | |||
| (i.e. available for sale) | 078 | 0.00 | 0.00 |
| 2 Cash flow hedge - effective portion | 079 | 0.00 | 0.00 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0.00 | 0.00 |
| 4 Other fair value reserves | 081 | 0.00 | 0.00 |
| 5 Exchange rate differences from translation of foreign operations | |||
| (consolidation)6 Exchange rate differences from translation into the presentation | 082 | 0.00 | 0.00 |
| currency | 083 | 0.00 | 0.00 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 085- | 084 | -32,276,987.62 | -38,334,484.41 |
| 1 Retained profit | 085 | 0.00 | 0.00 |
| 2 Loss brought forward | 086 | 32,276,987.62 | 38,334,484.41-4,770,315.16 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 088-089)1 Profit for the business year | 087088 | -6,057,496.790.00 | 0.00 |
| 2 Loss for the business year | 089 | 6,057,496.79 | 4,770,315.16 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 090 | 0.00 | 0.00 |
| B) PROVISIONS (ADP 092 to 097) | 091 | 125,913.68 | 125,913.68 |
| 1 Provisions for pensions, termination benefits and similar obligations | 092 | 74,545.31 | 74,545.31 |
| 2 Provisions for tax liabilities | 093 | 0.00 | 0.00 |
| 3 Provisions for ongoing legal cases | 094 | 51,368.37 | 51,368.37 |
| 4 Provisions for renewal of natural resources | 095 | 0.00 | 0.00 |
| 5 Provisions for warranty obligations | 096 | 0.00 | 0.00 |
| 6 Other provisions | 097 | 0.00 | 0.00 |
| C) LONG-TERM LIABILITIES (ADP 099 to 109) | 098 | 61,740,676.00 | 61,256,256.88 |
| 1 Liabilities to undertakings within the group | 099 | 0.00 | 0.00 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 100 | 0.00 | 0.00 |
| 3 Liabilities to companies linked by virtue of participating interests | 101 | 0.00 | 0.00 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 0.00 | ||
| participating interests | 102 | 0.00 | |
| 5 Liabilities for loans, deposits etc. | 103 | 0.00 | 0.00 |
| 6 Liabilities to banks and other financial institutions | 104 | 51,214,630.69 | 50,651,858.46 |
| 7 Liabilities for advance payments | 105 | 0.00 | 0.00 |
| 8 Liabilities to suppliers | 106 | 0.00 | 0.00 |
| 9 Liabilities for securities | 107 | 0.00 | 0.00 |
|---|---|---|---|
| 10 Other long-term liabilities | 108 | 8,734,930.56 | 8,852,537.51 |
| 11 Deferred tax liability | 109 | 1,791,114.75 | 1,751,860.91 |
| D) SHORT-TERM LIABILITIES (ADP 111 to 124) | 110 | 7,531,931.95 | 16,781,735.82 |
| 1 Liabilities to undertakings within the group | 111 | 0.00 | 0.00 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 112 | 0.00 | 0.00 |
| 3 Liabilities to companies linked by virtue of participating interests | 113 | 0.00 | 0.00 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue ofparticipating interests | 114 | 0.00 | 0.00 |
| 5 Liabilities for loans, deposits etc. | 115 | 56,565.31 | 56,565.31 |
| 6 Liabilities to banks and other financial institutions | 116 | 3,842,402.20 | 4,139,720.89 |
| 7 Liabilities for advance payments | 117 | 412,220.66 | 2,431,803.00 |
| 8 Liabilities to suppliers | 118 | 764,894.67 | 1,281,939.62 |
| 9 Liabilities for securities | 119 | 0.00 | 6,516,072.00 |
| 10 Liabilities to employees | 120 | 804,785.88 | 580,221.64 |
| 11 Taxes, contributions and similar liabilities | 121 | 282,364.43 | 341,808.93 |
| 12 Liabilities arising from the share in the result | 122 | 0.00 | 0.00 |
| 13 Liabilities arising from fixed assets held for sale | 123 | 0.00 | 0.00 |
| 14 Other short-term liabilities | 124 | 1,368,698.80 | 1,433,604.43 |
| E) ACCRUALS AND DEFERRED INCOME | 125 | 74,842.14 | 74,842.14 |
| F) TOTAL – LIABILITIES (ADP 067+091+098+110+125) | 126 | 126,263,791.74 | 130,258,861.33 |
| G) OFF-BALANCE SHEET ITEMS | 127 | 0.00 | 0.00 |
STATEMENT OF PROFIT OR LOSS for the period 1.1.2026 to 31.3.2026
Submitter: JADRAN d.d.-consolidated
| Item | ADP | Same period of the previous year | Current period | |||
|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | ||
| 1I OPERATING INCOME (ADP 002 to 006) | 2001 | 31,250,951.00 | 41,250,951.00 | 51,291,358.25 | 61,291,358.25 | |
| 1 Income from sales with undertakings within the group | 002 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Income from sales | 003 | 1,028,682.00 | 1,028,682.000.00 | 1,082,519.240.00 | 1,082,519.240.00 | |
| 3 Income from the use of own products, goods and services4 Other operating income with undertakings within the group | 004005 | 0.000.00 | 0.00 | 0.00 | 0.00 | |
| 5 Other operating income (outside the group) | 006 | 222,269.00 | 222,269.00 | 208,839.01 | 208,839.01 | |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)1 Changes in inventories of work in progress and finished goods | 007008 | 5,276,593.000.00 | 5,276,593.000.00 | 5,323,750.240.00 | 5,323,750.240.00 | |
| 2 Material costs (ADP 010 to 012) | 009 | 1,257,812.00 | 1,257,812.00 | 1,391,976.70 | 1,391,976.70 | |
| a) Costs of raw materials and consumables | 010 | 489,759.00 | 489,759.00 | 516,699.95 | 516,699.95 | |
| b) Costs of goods soldc) Other external costs | 011012 | 1,178.00766,875.00 | 1,178.00766,875.00 | 1,164.72874,112.03 | 1,164.72874,112.03 | |
| 3 Staff costs (ADP 014 to 016) | 013 | 1,653,147.00 | 1,653,147.00 | 1,664,808.98 | 1,664,808.98 | |
| a) Net salaries and wagesb) Tax and contributions from salary costs | 014015 | 988,734.00426,852.00 | 988,734.00426,852.00 | 967,863.15443,584.56 | 967,863.15443,584.56 | |
| c) Contributions on salaries | 016 | 237,561.00 | 237,561.00 | 253,361.27 | 253,361.27 | |
| 4 Depreciation | 017 | 2,017,255.00 | 2,017,255.00 | 1,983,403.56 | 1,983,403.56 | |
| 5 Other costs6 Value adjustments (ADP 020+021) | 018019 | 313,692.000.00 | 313,692.000.00 | 279,659.140.00 | 279,659.140.00 | |
| a) fixed assets other than financial assets | 020 | 0.00 | 0.00 | 0.00 | 0.00 | |
| b) current assets other than financial assets | 021 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 7 Provisions (ADP 023 to 028)a) Provisions for pensions, termination benefits and similar obligations | 022023 | -43,645.000.00 | -43,645.000.00 | 0.000.00 | 0.000.00 | |
| b) Provisions for tax liabilities | 024 | 0.00 | 0.00 | 0.00 | 0.00 | |
| c) Provisions for ongoing legal casesd) Provisions for renewal of natural resources | 025026 | -43,645.000.00 | -43,645.000.00 | 0.000.00 | 0.000.00 | |
| e) Provisions for warranty obligations | 027 | 0.00 | 0.00 | 0.00 | 0.00 | |
| f) Other provisions | 028 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 8 Other operating expensesIII FINANCIAL INCOME (ADP 031 to 040) | 029030 | 78,332.00122.00 | 78,332.00122.00 | 3,901.86259.25 | 3,901.86259.25 | |
| 1 Income from investments in holdings (shares) of undertakings within | 031 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Income from investments in holdings (shares) of companies linked byvirtue of participating interests | 032 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 3 Income from other long-term financial investment and loans granted toundertakings within the group | 033 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 4 Other interest income from operations with undertakings within thegroup | 034 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 5 Exchange rate differences and other financial income from operationswith undertakings within the group | 035 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 6 Income from other long-term financial investments and loans | 036 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 7 Other interest income8 Exchange rate differences and other financial income | 037038 | 122.000.00 | 122.000.00 | 259.250.00 | 259.250.00 | |
| 9 Unrealised gains (income) from financial assets | 039 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 10 Other financial income | 040 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IV FINANCIAL EXPENSES (ADP 042 to 048)1 Interest expenses and similar expenses with undertakings within the | 041042 | 793,775.000.00 | 793,775.000.00 | 819,404.200.00 | 819,404.200.00 | |
| group | ||||||
| 2 Exchange rate differences and other expenses from operations with3 Interest expenses and similar expenses | 043044 | 0.00793,775.00 | 0.00793,775.00 | 0.00725,716.12 | 0.00725,716.12 | |
| 4 Exchange rate differences and other expenses | 045 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 5 Unrealised losses (expenses) from financial assets6 Value adjustments of financial assets (net) | 046047 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | |
| 7 Other financial expenses | 048 | 0.00 | 0.00 | 93,688.08 | 93,688.08 | |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OFPARTICIPATING INTERESTS | 049 | 0.00 | 0.00 | 0.00 | 0.00 | |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0.00 | 0.00 | 0.00 | 0.00 | |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PARTICIPATING INTERESTVIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 1,251,073.00 | 1,251,073.00 | 1,291,617.50 | 1,291,617.50 | |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052)XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 054055 | 6,070,368.00-4,819,295.00 | 6,070,368.00-4,819,295.00 | 6,143,154.44-4,851,536.94 | 6,143,154.44-4,851,536.94 | |
| 1 Pre-tax profit (ADP 053-054) | 056 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Pre-tax loss (ADP 054-053) | 057 | -4,819,295.00 | -4,819,295.00 | -4,851,536.94 | -4,851,536.94 | |
| XII INCOME TAXXIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 058059 | -46,026.00-4,773,269.00 | -46,026.00-4,773,269.00 | -81,221.78-4,770,315.16 | -81,221.78-4,770,315.16 | |
| 1 Profit for the period (ADP 055-059) | 060 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Loss for the period (ADP 059-055)DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | 061 | -4,773,269.00 | -4,773,269.00 | -4,770,315.16 | -4,770,315.16 | |
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS | 062 | 0.00 | 0.00 | 0.00 | 0.00 | |
| (ADP 063-064)1 Pre-tax profit from discontinued operations | 063 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Pre-tax loss on discontinued operations | 064 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 1 Discontinued operations profit for the period (ADP 062-065)2 Discontinued operations loss for the period (ADP 065-062) | 066067 | |||||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | ||||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055+062)1 Pre-tax profit (ADP 068) | 068069 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 2 Pre-tax loss (ADP 068) | 070 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XVII INCOME TAX (ADP 058+065) | 071 | |||||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)1 Profit for the period (ADP 068-071) | 072073 | |||||
| 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)1 Attributable to owners of the parent | 075076 | -4,773,269.00-4,773,269.00 | -4,773,269.00-4,773,269.00 | -4,770,315.16-4,770,315.16 | -4,770,315.16-4,770,315.16 | |
| 2 Attributable to minority (non-controlling) interest | 077 | 0.00 | 0.00 | 0.00 | 0.00 | |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)I PROFIT OR LOSS FOR THE PERIOD | 078 | -4,773,269.00 | -4,773,269.00 | -4,770,315.16 | -4,770,315.16 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX | 079 | 0.00 | 0.00 | 0.00 | 0.00 |
|---|---|---|---|---|---|
| (ADP 80 + 87)III Items that will not be reclassified to profit or loss (ADP 081 to | |||||
| 085) | 080 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Changes in revaluation reserves of fixed tangible and intangible | 081 | 0.00 | 0.00 | 0.00 | 0.00 |
| assets | |||||
| 2 Profit or loss arising from subsequent measurement of equity | 082 | 0.00 | 0.00 | 0.00 | 0.00 |
| securities at fair value through other comprehensive income | |||||
| 3 Changes in the fair value of the financial liability at fair value through | |||||
| statement of profit or loss that is attributable to changes in the credit riskof that liability | 083 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0.00 | 0.00 | 0.00 | 0.00 |
| 5 Other items that will not be reclassified | 085 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0.00 | 0.00 | 0.00 | 0.00 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2 Exchange rate differences from translation into the presentationcurrency | 089 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Profit or loss arising from subsequent measurement of debt securitiesat fair value through other comprehensive income | 090 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Profit or loss arising from effective cash flow hedging | 091 | 0.00 | 0.00 | 0.00 | 0.00 |
| 5 Profit or loss arising from effective hedge of a net investment in aforeign operation | 092 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6 Share in other comprehensive income/loss of companies linked by | 093 | 0.00 | 0.00 | 0.00 | 0.00 |
| virtue of participating interests7 Changes in fair value of the time value of an option | 094 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8 Changes in fair value of the forward elements of forward contracts | 095 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9 Other items that may be reclassified to profit or loss | 096 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 Income tax relating to items that may be reclassified to profit or loss | 097 | 0.00 | 0.00 | 0.00 | 0.00 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087 -086 - 097) | 098 | 0.00 | 0.00 | 0.00 | 0.00 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP | 099 | -4,773,269.00 | -4,773,269.00 | -4,770,315.16 | -4,770,315.16 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP | 100 | -4,773,269.00 | -4,773,269.00 | -4,770,315.16 | -4,770,315.16 |
| 1 Attributable to owners of the parent | 101 | -4,773,269.00 | -4,773,269.00 | -4,770,315.16 | -4,770,315.16 |
| 2 Attributable to minority (non-controlling) interest | 102 | 0.00 | 0.00 | 0.00 | 0.00 |
STATEMENT OF CASH FLOWS - indirect method for the period 1.1.2026 to 31.3.2026
| Submitter: JADRAN d.d.-consolidated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP | Same period of the previous year | Current period | ||||||||
| code | |||||||||||
| 1Cash flow from operating activities | 2 | 3 | 4 | ||||||||
| 1 Pre-tax profit | 001 | -4,819,295.00 | -4,851,536.94 | ||||||||
| 2 Adjustments (ADP 003 to 010): | 002 | 2,767,263.00 | 2,707,435.04 | ||||||||
| a) Depreciation | 003 | 2,017,255.00 | 1,983,403.56 | ||||||||
| b) Gains and losses from sale and value adjustment of fixed tangible and | 004 | 0.00 | 0.00 | ||||||||
| intangible assets | |||||||||||
| c) Gains and losses from sale and unrealised gains and losses andvalue adjustment of financial assets | 005 | 0.00 | 0.00 | ||||||||
| d) Interest and dividend income | 006 | -122.00 | -259.25 | ||||||||
| e) Interest expenses | 007 | 793,775.00 | 724,290.73 | ||||||||
| f) Provisions | 008 | -43,645.00 | 0.00 | ||||||||
| g) Exchange rate differences (unrealised) | 009 | 0.00 | 0.00 | ||||||||
| h) Other adjustments for non-cash transactions and unrealised gains and | 010 | 0.00 | 0.00 | ||||||||
| losses | |||||||||||
| I Cash flow increase or decrease before changes in working capital(ADP 001+002) | 011 | -2,052,032.00 | -2,144,101.90 | ||||||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 1,956,415.00 | 1,891,806.46 | ||||||||
| a) Increase or decrease in short-term liabilities | 013 | 2,035,202.00 | 2,279,980.23 | ||||||||
| b) Increase or decrease in short-term receivables | 014 | -146,878.00 | -804,883.52 | ||||||||
| c) Increase or decrease in inventories | 015 | -8,683.00 | -10,685.26 | ||||||||
| d) Other increase or decrease in working capital | 016 | 76,774.00 | 427,395.01 | ||||||||
| II Cash from operations (ADP 011+012) | 017 | -95,617.00 | -252,295.44 | ||||||||
| 4 Interest paid | 018 | -371,641.00 | -426,972.04 | ||||||||
| 5 Income tax paid | 019 | 0.00 | 0.00 | ||||||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | -467,258.00 | -679,267.48 | ||||||||
| Cash flow from investment activities | |||||||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 2,347.00 | 0.00 | ||||||||
| 2 Cash receipts from sales of financial instruments | 022 | 0.00 | 0.00 | ||||||||
| 3 Interest received | 023 | 122.00 | 259.25 | ||||||||
| 4 Dividends received | 024 | 0.00 | 0.00 | ||||||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 0.00 | 0.00 | ||||||||
| 6 Other cash receipts from investment activities | 026 | 0.00 | 0.00 | ||||||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 2,469.00 | 259.25 | ||||||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -186,995.00 | -339,416.84 | ||||||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0.00 | 0.00 | ||||||||
| 3 Cash payments for loans and deposits for the period | 030 | 0.00 | -2,000,000.00 | ||||||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0.00 | 0.00 | ||||||||
| 5 Other cash payments from investment activities | 032 | 0.00 | 0.00 | ||||||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -186,995.00 | -2,339,416.84 | ||||||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027+033) | 034 | -184,526.00 | -2,339,157.59 | ||||||||
| Cash flow from financing activities | |||||||||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0.00 | 0.00 | ||||||||
| 2 Cash receipts from the issue of equity financial instruments and debtfinancial instruments | 036 | 0.00 | 5,980,450.88 | ||||||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 0.00 | 0.00 | ||||||||
| 4 Other cash receipts from financing activities | 038 | 0.00 | 0.00 | ||||||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 0.00 | 5,980,450.88 | ||||||||
| 1 Cash payments for the repayment of credit principals, loans and otherborrowings and debt financial instruments | 040 | -232,574.00 | -562,772.23 | ||||||||
| 2 Cash payments for dividends | 041 | 0.00 | 0.00 | ||||||||
| 3 Cash payments for finance lease | 042 | -287,310.00 | -54,450.60 | ||||||||
| 4 Cash payments for the redemption of own shares and decrease in initial | 043 | 0.00 | 0.00 | ||||||||
| (subscribed) capital | |||||||||||
| 5 Other cash payments from financing activities | 044 | 0.00 | 0.00 | ||||||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -519,884.00 | -617,222.83 | ||||||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039+045) | 046 | -519,884.00 | 5,363,228.05 | ||||||||
| 1 Unrealised exchange rate differences in respect of cash and cash | 047 | 0.00 | 0.00 | ||||||||
| D) NET INCREASE OR DECREASE IN CASH FLOW (ADP020+034+046+047) | 048 | -1,171,668.00 | 2,344,802.98 | ||||||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE | 049 | 2,698,079.00 | 3,060,325.54 | ||||||||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 050 | 1,526,411.00 | 5,405,128.52 | ||||||||
| (ADP 048+049) |
| STATEMENT OF CHANGES IN EQUITYtofor the period from1.1.2026 | 31.3.2026 | in EUR | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | ||||||||||||||||||||
| Item | ADPcode | Initial (subscribed)capital | Capital reserves Legal reserves Reserves for | treasury shares | Treasury sharesand holdings(deductible item) | Statutory reserves Other reserves | Revaluationreserves | Financial assets atfair value throughothercomprehensiveincome (available | Cash flow hedge -effective portion | Hedge of a netinvestment in aforeign operation -effective portion | Other fair valuereserves | Exchange ratedifferences fromtranslation offoreign operations | Exchange ratedifferences fromtranslation intothe presentationcurrency | Retained profit /loss broughtforward | Profit/loss for thebusiness year | Total attributableto owners of theparent | Minority (noncontrolling)interest | Total capital andreserves | ||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | for sale)11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 (3 to 6 - 7 | 20 | 21 (19+20) |
| Previous period | + 8 to 18) | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 64,039,780.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -32,276,987.62 | 0.00 62,847,924.76 | 0.00 62,847,924.76 | |||
| 2 Changes in accounting policies3 Correction of errors | 0203 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 64,039,780.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -32,276,987.62 | 0.00 | 62,847,924.76 | 0.00 | 62,847,924.76 | |
| 5 Profit/loss of the period | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -6,057,496.79 | |||||
| 6 Exchange rate differences from translation of foreign operations | 0506 | 0.000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -6,057,496.790.00 | 0.000.00 | -6,057,496.790.00 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8 Profit or loss arising from subsequent measurement of financial assets at fair valuethrough other comprehensive income (available for sale) | 08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11 Share in other comprehensive income/loss of companies linked by virtue ofparticipating interests | 11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13 Other changes in equity unrelated to owners | 13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14 Tax on transactions recognised directly in equity15 Decrease in initial (subscribed) capital (other than that arising from the pre | 14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| bankruptcy settlement procedure and arising from the reinvestment of profit)16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| procedure17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 16 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.00 | 0.00 | 0.00 |
| 17 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings19 Payments from members/shareholders | 1819 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 20 Payment of share in profit/dividend | 20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 21 Other distributions and payments to members/shareholders | 21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 22 Transfer to reserves according to the annual schedule23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 22 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.00 | 0.00 | 0.00 |
| 24 Balance on the last day of the previous business year reporting period (ADP | 23 | 0.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -32,276,987.62 | -6,057,496.79 | 0.0056,790,427.97 | 0.000.00 | 0.0056,790,427.97 | |
| 04 to 23)APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | 24 | 64,039,780.00 | ||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX | ||||||||||||||||||||
| (ADP 06 to 14) | 25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP05+25) | 26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -6,057,496.79 | -6,057,496.79 | 0.00 | -6,057,496.79 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISEDDIRECTLY IN EQUITY (ADP 15 to 23)Current period | 27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Balance on the first day of the current business year | 28 | 64,039,780.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -38,334,484.41 | 0.00 56,790,427.97 | 0.00 56,790,427.97 | |||
| 2 Changes in accounting policies | 29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Correction of errors | 30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4 Balance on the first day of the current business year (restated) (ADP 28 to 30) | 31 | 64,039,780.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -38,334,484.41 | 0.00 | 56,790,427.97 | 0.00 | 56,790,427.97 | |
| 5 Profit/loss of the period6 Exchange rate differences from translation of foreign operations | 3233 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | -4,770,315.160.00 | -4,770,315.160.00 | 0.000.00 | -4,770,315.160.00 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8 Profit or loss arising from subsequent measurement of financial assets at fair value | 35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| through other comprehensive income (available for sale)9 Profit or loss arising from effective cash flow hedge | 36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of | 38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| participating interests12 Actuarial gains/losses on the defined benefit obligation | 39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13 Other changes in equity unrelated to owners | 40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14 Tax on transactions recognised directly in equity | 41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15 Decrease in initial (subscribed) capital (other than that arising from the prebankruptcy settlement procedure and arising from the reinvestment of profit)16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| procedure17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 4344 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 18 Redemption of treasury shares/holdings | 45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 19 Payments from members/shareholders | 46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 20 Payment of share in profit/dividend21 Other distributions and payments to members/shareholders | 47 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.000.00 | 0.00 | 0.00 | 0.00 |
| 22 Carryforward per annual plan | 4849 | 0.000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.000.00 | 0.000.00 | 0.000.00 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 24 Balance on the last day of the current business year reporting period (ADP 31to 50) | 51 | 64,039,780.00 | 3,371,335.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27,713,796.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 -38,334,484.41 | -4,770,315.16 | 52,020,112.81 | 0.00 | 52,020,112.81 | |
| 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 OFTAX (ADP 33 to 41) | 52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP3252) | 53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4,770,315.16 | -4,770,315.16 | 0.00 | -4,770,315.16 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISEDDIRECTLY IN EQUITY (ADP 42 to 50) | 54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
NOTES TO FINANCIAL STATEMENTS – QFS (drawn up for quarterly periods)
Name of the issuer: JADRAN d.d.
Personal identification number (OIB): 56994999963
Reporting period: 1.1.2026.-31.3.2026.
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the quarterly reporting period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (paragraphs 15 to 15c of the IAS 34 – Interim Financial Reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the quarterly reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the quarterly reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (paragraph 16A(a) of the IAS 34 – Interim Financial Reporting
d) a description of the financial performance in the case of the issuer whose business is seasonal (paragraphs 37 and 38 of the IAS 34 – Interim Financial Reporting)
e) other disclosures prescribed by the IAS 34 – Interim Financial Reporting, and
f) in the notes to the quarterly financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:
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issuer's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the issuer is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
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adopted accounting policies (only an indication of whether there has been a change relative to the previous period)
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the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the issuer within the group or company linked by virtue of participating interest shall be disclosed separately
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the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
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amounts owed by the issuer and falling due after more than five years, as well as the total debts of the issuer covered by valuable security furnished, with an indication of the nature and form of the security
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average number of employees during the current period
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where, in accordance with the regulations, the issuer capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
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where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year
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the name and registered office of each of the companies in which the issuer, either itself or through a person acting in their own name but on the issuer's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the company concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the company concerned does not publish its balance sheet and is not controlled by another company
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the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
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the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
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the name, registered office and legal form of each of the companies of which the issuer is a member having unlimited liability
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the name and registered office of the company which draws up the quarterly consolidated financial statements of the largest group of companies of which the issuer forms part as a controlled group member
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the name and registered office of the company which draws up the quarterly consolidated financial statements of the smallest group of companies of which the issuer forms part as a controlled group member and which is also included in the group of companies referred to in point 13
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the place where copies of the quarterly consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
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the nature and business purpose of the issuer's arrangements that are not included in the balance sheet and the financial impact on the issuer of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the issuer
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the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
10. STATEMENT BY PERSONS RESPONSIBLE FOR THE PREPARATION OF THE QUARTERLY REPORT
