Jadran d.d.

Quarterly Report • Oct 28, 2022

MANAGEMENT REPORT Q3 2022

1. GENERAL INFORMATION

Corporate name

Jadran, dioničko društvo za hotelijerstvo i turizam, 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. It has its registered office at Bana Jelačića 16, Crikvenica, Republic of Croatia.

Securities

As of 30 September 2022, the Company's share capital was HRK 482,507,730.00, divided into 27,971,463 common shares with no nominal value. The shares were issued in dematerialized form, ticker symbol: JDRN-R-B, ISIN code: HRJDRNB0002, and are held at the repository of the Central Depositary and Clearing Company.

Management Board Members:

• Ivan Safundžić, Management Board Member
• Miroslav Pelko, Management Board Member

Supervisory Board:

• Goran Hanžek, Chairman of the Supervisory Board
• Karlo Došen, Deputy Chairman of the Supervisory Board
• Adrian Čajić, Supervisory Board Member
• Sandra Janković, Supervisory Board Member appointed by Shareholders' Meeting's Resolution of 8 July 2022
• Mirko Herceg, Supervisory Board Member appointed by Shareholders' Meeting's Resolution of 8 July 2022

Jadran Group comprises Jadran d.d. and its subsidiaries:

• Club Adriatic d.o.o, in which Jadran holds 4 shares having a total value of HRK 117,104,500.00, their nominal values being HRK 9,900.00, HRK 53,572,100.00, HRK 6,418,000.00 and HRK 57,104,500.00, respectively, accounting for 100% of all shares and voting rights; and
• Stolist d.o.o., in which Jadran holds 100% of shares.

List of Company shareholders holding 5 percent or more of the Company's share capital (status as at 30 September 2022):

• 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;
• OTP BANKA 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

The tourism market continued to stabilize in Q3 2022. Unfortunately, inflation largely resulting from the war in Ukraine, persists and affects the Company's and Group's profitability. Despite the fact that the price of almost all raw materials and service and costs of energy have increased, the Company and the Group managed to partly absorb this blow in Q3.

The positive trends that began to develop in Q2 2022 continued in Q3 – the Group recorded a total of 572,273 overnights, which is 122.,308 or 27% overnights more than recorded in the same period in 2021. Compared to the figures recorded in the pre-pandemic year 2019, a total of 167,516 or 41% more overnights were recorded. It should be noted with regard to such comparisons to 2019 that in 2022 the Group held in its portfolio Grand Hotel View, Hotel Lišanj, Garden Palace Resort, Uvala Slana Campsite and Hotel Noemia and that the actual result inclusive of such properties was 34,632 overnights, which is 9% less compared to 2019 As regards the year-to-date physical indicators, the Group recorded a total of 766,289 overnights, which is 240,952 or 46% overnights more than recorded in the same period last year. Compared to the figures for 2019, the number of overnights recorded by the Group in 2022 was 32.285, which is 6% more compared to the same period in 2019.

Between July and September of 2022, JADRAN d.d. recorded a total of 438,376 overnights, which is 93,781 overnights or 27% more compared to the same period in 2021. Compared to the number of overnights recorded in 2019, 167,516 or 41% more overnights were recorded in 2022. It should be noted that in 2022 JADRAN d.d. held in its portfolio Grand Hotel View, Hotel Lišanj, Garden Palace Resort and Uvala Slana Campsite, which it did not hold in 2019. Compared to 2019, the actual result achieved by JADRAN d.d. in 2022 inclusive of such properties was 32,881 or 12% more overnights.

Between January and September of 2022, JADRAN d.d. recorded a total of 602,500 overnights, which is 192,812 overnights or 47% more compared to the same period in 2021. A comparison between 2022 and 2019 including the same properties show that a total of 32,881 or 12% more overnights were recorded in 2022 compared to 2019.

In Q3, JADRAN d.d. obtained total revenue of HRK 160,302,265, which is HRK 53,708,588 or 50% more than the total revenue obtained in the same period in 2021. Operating revenue was HRK 160,193,671, which is HRK 53,708,131 or 50% more compared to the same period in 2021. Financial income earned between July and September was HRK 108,594, which is HRK 457 more than earned in the same period in 2021.

In Q3, JADRAN d.d. incurred expenses totaling HRK 92,367,960, which is HRK 28,714,326 or 45% more compared to the expenses incurred in the same period in 2021. Operating expenses amounted to HRK 90,038,262, which is HRK 26,928,896 or 47% more than the operating expenses incurred in the same period in 2021. Between July and September, financial expenses amounted to HRK 2,329,698, which is HRK 214,570 or 8% less compared to the expenses incurred in the same period in 2021.

Income before taxes earned in Q3 was HRK 67,934,304, compared to HRK 42,940,043 earned in the same period in 2021. EBITDA earned in Q3 2022 was HRK 82,556,129, which is HRK 25,898,402 or 46% more than EBITDA earned in the same period in 2021.

Between January and September of 2022, JADRAN d.d. obtained total revenue of HRK 216,092,172, which is HRK 80,294,421 or 59% more than the revenue obtained in 2021. Total expenses amounted to HRK 175,712,313, which is HRK 56,527,382 or 47% more than the expenses incurred in the same period in 2021. During the relevant period, the Company earned EBITDA of HRK 84,134,037, which is HRK 29,728,222 or 55% more than EBITDA earned in the same period in 2021. In 2022, income before taxes was HRK 40,379,859, which is HRK 23,767,039 or 143% more than the income before taxes earned in the same period in 2021.

Between January and September, the Group obtained total revenue of HRK 246,201,594, which is HRK 86,624,736 or 54% more than the revenue obtained in the same period in 2021. Operating revenue amounted to HRK 244,580,497, which is HRK 87,742,026 or 56% more compared to the same period in 2021. Financial income amounted to HRK 1,621,097, which is HRK 1,117,290 less compared to the same period in 2021.

Group's total expenses incurred between January and September 2022 were HRK 200,091,140, which is HRK 61,856,658 or 45% more than such expenses incurred in the same period in 2021. Operating expenses totaled HRK 190,175,381, which is HRK 61,250,213 or 48% more than those incurred in the same period in 2021. Financial expenses amounted to HRK 9,915,758, compared to HRK 9,309,313 incurred in the same period in 2021.

Between January and September of 2022, the Group earned income before taxes of HRK 46,110,455, compared to HRK 21,342,377 earned in the same period in 2021. Between January and September of 2022, the Group earned EBITDA of HRK 96,934,181, compared to 66,504,923 earned in 2021.

On 8 July 2022, JADRAN d.d. held its ordinary Shareholders' Meeting. The meeting discussed its Agenda published on the Company's website (www.jadran-crikvenica.hr), on the website of Zagreb Stock Exchange Inc. (www.zse.hr), and in Official Gazette No. 58 of 25 May 2022.

All resolutions proposed in the Agenda were endorsed. Under Item 6 of the Agenda, the Shareholders' Meeting passed a resolution to remove Mr. Dragan Magaš and Mr. Mirko Herceg from the Supervisory Board and elected Mr. Mirko Herceg and Ms. Sandra Janković new Supervisory Board members under Item 7 of the Agenda.

On 31 August 2022, JADRAN d.d. held an extraordinary Shareholders' Meeting. The meeting discussed its Agenda published on the Company's website (www.jadran-crikvenica.hr), on the website of Zagreb Stock Exchange Inc. (www.zse.hr), and in Official Gazette No. 85 of 22 July 2022. All resolutions proposed in the Agenda were endorsed.

Under Item 2 of the Agenda, the Shareholders' Meeting passed a resolution to give the Management Board prior consent to acquire a 100% share in Adria Coast Turizam for a purchase price not to exceed EUR 47.1 million.

For the purpose of implementing the Shareholders' Meeting's Resolution after receiving prior approval from the Supervisory Board, the Management Board:

• entered into a Share Purchase Agreement for shares in Adria coast turizam d.o.o.; and

• entered into a Share Purchase Agreement for shares in Club Adriatic d.o.o.

The Resolution of the Shareholders' Meeting of 31 August 2022 has thereby been implemented.

On 30 September 2022, JADRAN d.d. entered into an Agreement to Terminate the Lease of Garden Palace Resort Bella Natura in Umag, effective as of 30 September 2022 with Adria Umag d.o.o. because the Management Board will in the future be committed to focusing on using and operating properties that will provide the Company with much higher revenue and significantly higher ROI rates. Pursuant to such Agreement, all obligations under the Lease end as of 30 September 2022, i.e. as of the lease end date. JADRAN d.d. handed this property over to Adria Umag on 30 September 2022.

According to the Agreement, the last lease payment to the Lessor will be made on 31 October 2022, after which the Lease will be removed from the Company's balance sheet.

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. Among other things, competition is based on the prices, quality and substance of tourism offerings in Crikvenica Riviera and Makarska Riviera and other domestic and foreign tourism destinations. To increase its market competitiveness, the Company and the Group launched an investment cycle in the 2018- 2020 period, which includes not only investments in accommodations to increase the number of units and improve accommodation quality, but also investments in the destination through active involvement in all events and designing new attractions in Crikvenica Riviera and Makarska Riviera.

Currency risk

The official currency of the Company and the Group is HRK however certain transactions in foreign currencies are translated into HRK according to the exchange rate applicable on the balance sheet date. The resulting foreign exchange differences are recorded as operating expenses or through profit and loss, but do not affect operating cash flow. On 12 July 2022, the Council of the European Union made its decision allowing Croatia to adopt euro as its currency on 1 January 2023 and set a fixed conversion rate, thus reducing exchange rate fluctuations until the end of this year, as well as currency risk.

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. Such active monitoring includes in particular announcements by central banks that make monetary policies, with which the Company and the Group intend to align their credit arrangements.

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, 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.

Inflation risk

As a direct consequence of the COVID-19 pandemic and the resulting supply chain disruptions, energy prices increased, and this situation has been further aggravated by the war in Ukraine. The war in Ukraine caused a global inflation and general increase in prices.

Inflation and increased prices of goods and services may reduce our customers' purchasing power and increase the prices in Company's and Group's properties.

Direct channels account for a large share of Company's and Group's overnights, which allows us to be flexible with our 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 as long as there is increased uncertainty with regard to revenue earning abilities as a result of the pandemic's adverse effects on the free movement of guests, impairment of their purchasing power, and default on contracts by business partners.

Liquidity risk management includes maintaining sufficient amounts of 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 precedent 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. The Company and the Group hope that, during the pandemic, the legislators, the executive authorities and the local community will offer various financial and operating benefits to entities exposed to significant adverse impacts of the pandemic, in addition to the measures necessary to protect people's health.

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. After the risk in some rival destinations was reduced (e.g. Turkey, Greece), the competitive position of both Croatian tourism and the Company/Group has become additionally weakened. By launching the aforementioned 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 purchasing power of individuals inclined to traveling, whereas a pandemic may also significantly reduce or completely eliminate the effects of tourist arrivals at the Company's and Group's destinations.

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. EMPLOYEES

As of 30 September 2022, the JADRAN d.d. employed a total of 494 persons. As of 30 September 2022, CLUB ADRIATIC d.o.o. employed a total of 83 persons. As of 30 September 2022, Stolist d.o.o. had no employees. As of 30 September 2022, the Group employed 577 persons.

5. 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.

6. COMPANY AND GROUP OWN SHARE REDEMPTION

As of 30 September 2022, the share capital of JADRAN d.d. was HRK 482,507,730.00, divided into and contained in 27,971,463 common 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 30 September 2022, the share capital of CLUB ADRIATIC d.o.o. was HRK 117,104,500.00.

As of 30 September 2022, the share capital of Stolist d.o.o. was HRK 20,000.

7. SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

There were no events relevant to the Company or the Group after the reporting period.

APPENDICES - FINANCIAL STATEMENTS (UNAUDITED)

Annex 1
		ISSUER'S GENERAL DATA
Reporting period:		1.1.2022	to	30.9.2022
Year:		2022
Quarter:		3.
		Quarterly financial statements
Registration number (MB):	03145662		Issuer's home Member State code:	HR
Entity's registration number (MBS):	040000817
Personal identification number (OIB):	56994999963		LEI:	74780030Q33IX8LEE969
Institution code:	1285
Name of the issuer: JADRAN d.d.
Postcode and town:	51260		CRIKVENICA
Street and house number: BANA JELAČIĆA 16
	E-mail address: uprava@jadran-crikvenica.hr
	Web address: www.jadran-crikvenica.hr
Number of employees (end of the reporting	494
KN KD Consolidated report: (KN-not consolidated/KD-consolidated) KN
Audited:	RN	(RN-not audited/RD-audited)		RN	RD
	Names of subsidiaries (according to IFRS):		Registered office:		MB:
					Yes
No Bookkeeping firm: No (Yes/No) (name of the bookkeeping firm)
	Contact person: NATALI IVANČIĆ MAJETIĆ
(only name and surname of the contact person) Telephone: 051/800-482
	E-mail address: financije@jadran-crikvenica.hr
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

BALANCE SHEET

balance as at 30.09.2022

Submitter:__JADRAN d.d.___________
Item	ADP code	Last day of the preceding business year	At the reporting date of the current period
1	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	834.182.991	819.470.575
I INTANGIBLE ASSETS (ADP 004 to 009)	003	100.397.777	83.795.861
1 Research and development	004	0	0
2 Concessions, patents, licences, trademarks, software and other	005	1.884.885	1.557.790
rights
3 Goodwill	006	0	0
4 Advances for the purchase of intangible assets	007	0	0
5 Intangible assets in preparation	008	0	0
6 Other intangible assets	009	98.512.892	82.238.071
II TANGIBLE ASSETS (ADP 011 to 019) 1 Land	010	615.204.029	617.093.529
2 Buildings	011 012	240.879.900 244.474.473	240.879.900 237.837.334
3 Plant and equipment	013	94.813.763	83.160.415
4 Tools, working inventory and transportation assets	014	0	0
5 Biological assets	015	1.175.583	1.292.049
6 Advances for the purchase of tangible assets	016	0	0
7 Tangible assets in preparation	017	3.586.452	23.715.035
8 Other tangible assets	018	0	0
9 Investment property	019	30.273.858	30.208.796
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	118.581.185	118.581.185
1 Investments in holdings (shares) of undertakings within the group	021	118.581.185	118.581.185
2 Investments in other securities of undertakings within the group	022	0	0
3 Loans, deposits, etc. to undertakings within the group	023	0	0
4. Investments in holdings (shares) of companies linked by virtue of
participating interests	024	0	0
5 Investment in other securities of companies linked by virtue of	025	0	0
participating interests 6 Loans, deposits etc. to companies linked by virtue of participating
interests	026	0	0
7 Investments in securities	027	0	0
8 Loans, deposits, etc. given	028	0	0
9 Other investments accounted for using the equity method	029	0	0
10 Other fixed financial assets	030	0	0
IV RECEIVABLES (ADP 032 to 035)	031	0	0
1 Receivables from undertakings within the group	032	0	0
2 Receivables from companies linked by virtue of participating
interests	033	0	0
3 Customer receivables	034	0	0
4 Other receivables	035	0	0
V DEFERRED TAX ASSETS	036	0	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	37.285.660	82.078.446
I INVENTORIES (ADP 039 to 045)	038	804.981	1.682.911
1 Raw materials and consumables	039	774.573	1.640.857
2 Work in progress	040	0	0
3 Finished goods	041	0	0
4 Merchandise	042	30.408	42.054
5 Advances for inventories	043	0	0
6 Fixed assets held for sale	044	0	0
7 Biological assets	045	0	0
II RECEIVABLES (ADP 047 to 052)	046	10.190.285	34.617.805
1 Receivables from undertakings within the group	047	541.423	117.275
2 Receivables from companies linked by virtue of participating interests	048	0	0
3 Customer receivables	049	2.642.111	20.516.275
4 Receivables from employees and members of the undertaking	050	19.109	556.114
5 Receivables from government and other institutions	051	3.966.588	651.407

6 Other receivables	052	3.021.054	12.776.734
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	10.566.438	8.474.835
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	056	10.566.438	8.474.835
4 Investments in holdings (shares) of companies linked by virtue of
participating interests	057	0	0
5 Investment in other securities of companies linked by virtue of	058	0	0
participating interests 6 Loans, deposits etc. to companies linked by virtue of participating
interests	059	0	0
7 Investments in securities	060	0	0
8 Loans, deposits, etc. given	061	0	0
9 Other financial assets	062	0	0
IV CASH AT BANK AND IN HAND	063	15.723.956	37.302.895
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	620.361	788.603
E) TOTAL ASSETS (ADP 001+002+037+064)	065	872.089.012	902.337.624
OFF-BALANCE SHEET ITEMS	066	0	0
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to	067	482.237.268	522.617.127
I INITIAL (SUBSCRIBED) CAPITAL	068	482.507.730	482.507.730
II CAPITAL RESERVES	069	234.210.922	234.210.922
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	0	0
1 Legal reserves	071	0	0
2 Reserves for treasury shares	072	0	0
3 Treasury shares and holdings (deductible item)	073	0	0
4 Statutory reserves	074	0	0
5 Other reserves	075	0	0
IV REVALUATION RESERVES	076	0	0
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	077	0	0
1 Financial assets at fair value through other comprehensive income (i.e. available for sale)	078	0	0
2 Cash flow hedge - effective portion	079	0	0
3 Hedge of a net investment in a foreign operation - effective portion	080	0	0
4 Other fair value reserves	081	0	0
5 Exchange differences arising from the translation of foreign operations (consolidation)	082	0	0
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085)	083	-226.905.606	-234.481.384
1 Retained profit	084	0	0
2 Loss brought forward	085	226.905.606	234.481.384
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088)	086	-7.575.778	40.379.859
1 Profit for the business year	087	0	40.379.859
2 Loss for the business year	088	7.575.778	0
VIII MINORITY (NON-CONTROLLING) INTEREST	089	0	0
B) PROVISIONS (ADP 091 to 096)	090	706.347	706.347
1 Provisions for pensions, termination benefits and similar obligations	091	706.347	706.347
2 Provisions for tax liabilities	092	0	0
3 Provisions for ongoing legal cases	093	0	0
4 Provisions for renewal of natural resources	094	0	0
5 Provisions for warranty obligations	095	0	0
6 Other provisions	096	0	0
C) LONG-TERM LIABILITIES (ADP 098 to 108)	097	311.530.924	311.796.598
1 Liabilities to undertakings within the group 2 Liabilities for loans, deposits, etc. of undertakings within the group	098 099	0 0	0 0
3 Liabilities to companies linked by virtue of participating interests	100	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of	101	0	0
participating interests 5 Liabilities for loans, deposits etc.	102	0	0
6 Liabilities to banks and other financial institutions	103	215.083.930	215.368.756
7 Liabilities for advance payments	104	0	0
8 Liabilities to suppliers	105	0	0

9 Liabilities for securities	106	0	0
10 Other long-term liabilities	107	96.446.994	96.427.842
11 Deferred tax liability	108	0	0
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	76.876.562	66.452.566
1 Liabilities to undertakings within the group	110	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	0	0
3 Liabilities to companies linked by virtue of participating interests	112	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	113	0	0
5 Liabilities for loans, deposits etc.	114	533.619	533.619
6 Liabilities to banks and other financial institutions	115	29.718.363	4.992.398
7 Liabilities for advance payments	116	2.585.739	17.714.338
8 Liabilities to suppliers	117	10.522.870	26.634.780
9 Liabilities for securities	118	0	0
10 Liabilities to employees	119	7.143.941	5.901.909
11 Taxes, contributions and similar liabilities	120	1.361.077	2.643.223
12 Liabilities arising from the share in the result	121	0	0
13 Liabilities arising from fixed assets held for sale	122	0	0
14 Other short-term liabilities	123	25.010.953	8.032.299
E) ACCRUALS AND DEFERRED INCOME		737.911	764.986
F) TOTAL – LIABILITIES (ADP 067+090+097+109+124)	125	872.089.012	902.337.624
G) OFF-BALANCE SHEET ITEMS	126	0	0

for the period 01.01.2021. to 30.09.2022. STATEMENT OF PROFIT OR LOSS

Item		Submitter: ___JADRAN d.d.__________ Same period of the previous year		Current period
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I OPERATING INCOME (ADP 002 to 006)	001	132.620.605	106.485.540	214.288.835	160.193.671
1 Income from sales with undertakings within the group	002	0	0	0	0
2 Income from sales (outside group)	003	122.162.172	103.291.740	205.953.835	155.479.451
3 Income from the use of own products, goods and services	004	0	0	0	0
4 Other operating income with undertakings within the group	005	413.235	148.668	695.517	274.393
5 Other operating income (outside the group)	006	10.045.198	3.045.132	7.639.483	4.439.827
II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)	007	111.161.089	61.109.366	167.043.946	90.038.262
1 Changes in inventories of work in progress and finished goods	008	0	0	0	0
2 Material costs (ADP 010 to 012)	009	44.695.597	32.881.724	77.755.696	52.756.624
a) Costs of raw materials and consumables	010	19.456.757	13.875.572	39.194.257	25.810.086
b) Costs of goods sold	011	491.819	298.229	285.434	187.699
c) Other external costs	012	24.747.021	18.707.923	38.276.005	26.758.839
3 Staff costs (ADP 014 to 016)	013	27.021.565	14.155.739	43.633.825	20.558.581
a) Net salaries and wages	014	18.053.297	9.827.288	28.264.717	13.643.670
b) Tax and contributions from salary costs	015	5.678.132	2.695.143	9.738.100	4.400.588
c) Contributions on salaries	016	3.290.136	1.633.308	5.631.008	2.514.323
4 Depreciation	017	32.946.298	11.281.553	36.889.147	12.400.720
5 Other costs	018	6.332.175	2.775.956	8.668.391	4.316.978
6 Value adjustments (ADP 020+021)	019	0	0	0	0
a) fixed assets other than financial assets	020	0	0	0	0
b) current assets other than financial assets	021	0	0	0	0
7 Provisions (ADP 023 to 028)	022	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	023	0	0	0	0
b) Provisions for tax liabilities	024	0	0	0	0
c) Provisions for ongoing legal cases	025	0	0	0	0
d) Provisions for renewal of natural resources	026	0	0	0	0
e) Provisions for warranty obligations	027	0	0	0	0
f) Other provisions	028	0	0	0	0
8 Other operating expenses	029	165.454	14.394	96.887	5.359
III FINANCIAL INCOME (ADP 031 to 040)	030	3.177.146	108.137	1.803.337	108.594
1 Income from investments in holdings (shares) of undertakings within the group	031	0	0	0	0
2 Income from investments in holdings (shares) of companies linked by virtue of participating interests	032	0	0	0	0
3 Income from other long-term financial investment and loans granted to
undertakings within the group	033	0	0	0	0
4 Other interest income from operations with undertakings within the
group	034	438.785	105.081	182.259	57.070
5 Exchange rate differences and other financial income from operations with undertakings within the group	035	0	0	0	0
6 Income from other long-term financial investments and loans	036	0	0	0	0
7 Other interest income	037	1.214	16	179	5
8 Exchange rate differences and other financial income	038	2.737.147	3.040	1.620.899	51.519
9 Unrealised gains (income) from financial assets	039	0	0	0	0
10 Other financial income	040	0	0	0	0
IV FINANCIAL EXPENSES (ADP 042 to 048)	041	8.023.842	2.544.268	8.668.367	2.329.698
1 Interest expenses and similar expenses with undertakings within the	042	0	0	0	0
group 2 Exchange rate differences and other expenses from operations with
undertakings within the group	043	0	0	0	0
3 Interest expenses and similar expenses	044	6.720.034	2.385.520	6.726.587	2.321.377
4 Exchange rate differences and other expenses	045	1.303.808	158.748	1.941.780	8.321
5 Unrealised losses (expenses) from financial assets	046	0	0	0	0
6 Value adjustments of financial assets (net)	047	0	0	0	0
7 Other financial expenses	048	0	0	0	0
V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF	049	0	0	0	0
PARTICIPATING INTERESTS VI SHARE IN PROFIT FROM JOINT VENTURES
VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF	050	0	0	0	0
PARTICIPATING INTEREST	051	0	0	0	0
VIII SHARE IN LOSS OF JOINT VENTURES	052	0	0	0	0
IX TOTAL INCOME (ADP 001+030+049 +050)	053	135.797.751	106.593.677	216.092.172	160.302.265
X TOTAL EXPENDITURE (ADP 007+041+051 + 052)	054	119.184.931	63.653.634	175.712.313	92.367.960
XI PRE-TAX PROFIT OR LOSS (ADP 053-054)	055	16.612.820	42.940.043	40.379.859	67.934.305

1 Pre-tax profit (ADP 053-054)

056 16.612.820 42.940.043 40.379.859 67.934.305

2 Pre-tax loss (ADP 054-053)	057	0	0	0	0
XII INCOME TAX	058	0	0	0	0
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	16.612.820	42.940.043	40.379.859	67.934.305
1 Profit for the period (ADP 055-059)	060	16.612.820	42.940.043	40.379.859	67.934.305
2 Loss for the period (ADP 059-055)	061	0	0	0	0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS	062	0	0	0	0
(ADP 063-064) 1 Pre-tax profit from discontinued operations
2 Pre-tax loss on discontinued operations	063	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	064 065	0 0	0 0	0 0	0 0
1 Discontinued operations profit for the period (ADP 062-065)	066	0	0	0	0
2 Discontinued operations loss for the period (ADP 065-062)	067	0	0	0	0
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	0	0	0	0
1 Pre-tax profit (ADP 068)	069	0	0	0	0
2 Pre-tax loss (ADP 068)	070	0	0	0	0
XVII INCOME TAX (ADP 058+065)	071	0	0	0	0
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	072	0	0	0	0
1 Profit for the period (ADP 068-071)	073	0	0	0	0
2 Loss for the period (ADP 071-068)	074	0	0	0	0
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077)	075	0	0	0	0
1 Attributable to owners of the parent	076	0	0	0	0
2 Attributable to minority (non-controlling) interest	077	0	0	0	0
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	16.612.820	42.940.043	40.379.859	67.934.305
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87)	079	0	0	0	0
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0	0
2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income	082	0	0	0	0
3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk	083	0	0	0	0
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0	0
5 Other items that will not be reclassified	085	0	0	0	0
6 Income tax relating to items that will not be reclassified	086	0	0	0	0
IV Items that may be reclassified to profit or loss (ADP 088 to 095)	087	0	0	0	0
1 Exchange rate differences from translation of foreign operations	088	0	0	0	0
2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income	089	0	0	0	0
3 Profit or loss arising from effective cash flow hedging	090	0	0	0	0
4 Profit or loss arising from effective hedge of a net investment in a foreign operation	091	0	0	0	0
5 Share in other comprehensive income/loss of companies linked by	092	0	0	0	0
virtue of participating interests 6 Changes in fair value of the time value of option	093	0	0	0	0
7 Changes in fair value of forward elements of forward contracts	094	0	0	0	0
8 Other items that may be reclassified to profit or loss	095	0	0	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	0	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096)	097	0	0	0	0
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097)	098	16.612.820	42.940.043	40.379.859	67.934.305
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101)	099	0	0	0	0
1 Attributable to owners of the parent	100	0	0	0	0
2 Attributable to minority (non-controlling) interest	101	0	0	0	0

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2022 . to 30.09.2022.

ADP code Same period of the previous year Current period 2 3 4 001 16.612.820 40.379.859 002 28.798.078 45.046.181 003 32.946.298 36.889.147 004 0 0 005 0 0 006 0 0 007 -4.415.570 4.371.508 008 0 0 009 0 0 010 267.350 3.785.526 011 45.410.898 85.426.040 012 -4.390.616 -14.629.322 013 12.010.042 10.423.996 014 -14.991.405 -24.427.520 015 -626.627 -877.930 016 -782.626 252.132 017 41.020.282 70.796.718 018 0 -4.584.440 019 0 0 020 41.020.282 66.212.278 021 0 84.799 022 0 0 023 0 0 024 0 0 025 0 2.091.603 026 0 0 027 0 2.176.402 028 -20.873.036 -22.083.776 029 0 0 030 -1.155.000 0 031 0 0 032 0 0 033 -22.028.036 -22.083.776 034 -22.028.036 -19.907.374 035 0 0 036 0 0 037 14.692.823 0 038 0 0 039 14.692.823 0 040 -17.716.338 -24.725.965 IV Total cash payments from investment activities (ADP 028 to 032) B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) Cash flow from financing activities 1 Cash receipts from the increase in initial (subscribed) capital 2 Cash receipts from the issue of equity financial instruments and debt financial instruments 3 Cash receipts from credit principals, loans and other borrowings 4 Other cash receipts from financing activities 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments 1 Cash receipts from sales of fixed tangible and intangible assets 2 Cash receipts from sales of financial instruments 3 Interest received 4 Dividends received 5 Cash receipts from repayment of loans and deposits 6 Other cash receipts from investment activities Cash flow from investment activities d) Other increase or decrease in working capital II Cash from operations (ADP 011+012) 2 Cash payments for the acquisition of financial instruments V Total cash receipts from financing activities (ADP 035 to 038) 4 Acquisition of a subsidiary, net of cash acquired 5 Other cash payments from investment activities III Total cash receipts from investment activities (ADP 021 to 026) 1 Cash payments for the purchase of fixed tangible and intangible assets 3 Cash payments for loans and deposits for the period 5 Income tax paid A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) g) Exchange rate differences (unrealised) c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets Cash flow from operating activities 1 Pre-tax profit 2 Adjustments (ADP 003 to 010): a) Depreciation b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets 4 Interest paid Submitter: ________JADRAN d.d._____________________________________________________ a) Increase or decrease in short-term liabilities b) Increase or decrease in short-term receivables in HRK c) Increase or decrease in inventories h) Other adjustments for non-cash transactions and unrealised gains and losses I Cash flow increase or decrease before changes in working capital (ADP 001+002) 3 Changes in the working capital (ADP 013 to 016) Item 1 d) Interest and dividend income e) Interest expenses f) Provisions

2 Cash payments for dividends

041 0 0

042	0	0
043	0	0
044	0	0
045	-17.716.338	-24.725.965
046	-3.023.515	-24.725.965
047	0	0
048	15.968.731	21.578.939
049	26.663.536	15.723.956
050	42.632.267	37.302.895

STATEMENT OF CHANGES IN EQUITY for the period from 1.1.2022 to	30.9.2022																	in HRK
										Attributable to owners of the parent Fair value of
Item	ADP code	Initial (subscribed) capital	Capital reserves	Legal reserves	Reserves for treasury shares	Treasury shares and holdings (deductible item)	Statutory reserves Other reserves		Revaluation reserves	financial assets through other comprehensive income (available for	Cash flow hedge - effective portion	Hedge of a net investment in a foreign operation - effective portion	Other fair value reserves	Exchange rate differences from translation of foreign operations	Retained profit / loss brought forward	Profit/loss for the business year	Total attributable to owners of the parent	Minority (non controlling) interest	Total capital and reserves
1	2	3	4	5	6	7	8	9	10	sale) 11	12	13	14	15	16	17	18 (3 to 6 - 7	19	20 (18+19)
Previous period																	+ 8 to 17)
1 Balance on the first day of the previous business year 2 Changes in accounting policies	01 02	482.507.730 0	234.210.922 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	-119.422.493 -107.483.113	-107.483.113 107.483.113	489.813.046 0	0 0	489.813.046 0
3 Correction of errors	03	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03)	04	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-226.905.606	0	489.813.046	0	489.813.046
5 Profit/loss of the period	05	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7.575.778	-7.575.778	0	-7.575.778
6 Exchange rate differences from translation of foreign operations	06	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
7 Changes in revaluation reserves of fixed tangible and intangible assets	07	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale)	08	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
9 Profit or loss arising from effective cash flow hedge	09	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11 Share in other comprehensive income/loss of companies linked by virtue of	11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
participating interests 12 Actuarial gains/losses on the defined benefit obligation	12	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
13 Other changes in equity unrelated to owners	13	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
14 Tax on transactions recognised directly in equity	14	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit)	15	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure	16	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
17 Decrease in initial (subscribed) capital arising from the reinvestment of profit	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18 Redemption of treasury shares/holdings	18	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
19 Payments from members/shareholders	19	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders	20 21	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
22 Transfer to reserves according to the annual schedule	22	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
23 Increase in reserves arising from the pre-bankruptcy settlement procedure 24 Balance on the last day of the previous business year reporting period (ADP	23	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0
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	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-226.905.606	-7.575.778	482.237.268	0	482.237.268
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14)	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25)	26	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7.575.778	-7.575.778	0	-7.575.778
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23)	27	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current period
1 Balance on the first day of the current business year 2 Changes in accounting policies	28 29	482.507.730 0	234.210.922 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	-226.905.606 -7.575.778	-7.575.778 7.575.778	482.237.268 0	0 0	482.237.268 0
3 Correction of errors	30	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4 Balance on the first day of the current business year (restated) (AOP 28 to 30)	31	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-234.481.384	0	482.237.268	0	482.237.268
5 Profit/loss of the period	32	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40.379.859	40.379.859	0	40.379.859
6 Exchange rate differences from translation of foreign operations	33	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
7 Changes in revaluation reserves of fixed tangible and intangible assets	34	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale)	35	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
9 Profit or loss arising from effective cash flow hedge	36	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	37	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11 Share in other comprehensive income/loss of companies linked by virtue of	38	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
participating interests 12 Actuarial gains/losses on the defined benefit obligation	39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
13 Other changes in equity unrelated to owners	40	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy	41	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
settlement procedure or from the reinvestment of profit)	42	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure	43	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
17 Decrease in initial (subscribed) capital arising from the reinvestment of profit	44	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18 Redemption of treasury shares/holdings	45	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
19 Payments from members/shareholders	46	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders	47 48	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
22 Carryforward per annual plane	49	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
23 Increase in reserves arising from the pre-bankruptcy settlement procedure 24 Balance on the last day of the current business year reporting period (ADP 31	50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
to 50)	51	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-234.481.384	40.379.859	522.617.127	0	522.617.127
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF
TAX (ADP 33 to 41)	52	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52)	53	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40.379.859	40.379.859	0	40.379.859
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED	54	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

DIRECTLY IN EQUITY (ADP 42 to 50)

NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)

Name of the issuer: ________________JADRAN d.d._______________________________________

Personal identification number (OIB): ___________56994999963_____________________________________________

Reporting period: ________________________________________01.01.-30.09.2022._____

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 reporting semi-annual 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 (items 15 to 15C 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 semi-annual reporting period

c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual 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 (item 16.A (a) IAS 34 - Interim financial reporting)

d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)

e) other comments prescribed by IAS 34 - Interim financial reporting

f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed: 1. undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration

1. adopted accounting policies (only an indication of whether there has been a change from the previous period)

2. 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 undertaking within the group or company linked by virtue of participating interest shall be disclosed separately

3. the amount and nature of individual items of income or expenditure which are of exceptional size or incidence

4. amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security

5. average number of employees during the financial year

6. where, in accordance with the regulations, the undertaking 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

7. 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

8. the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking'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 undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking

9. 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

10. 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

11. the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability

12. the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member

13. the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13

14. the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available

15. the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking 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 undertaking

16. 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:	1.1.2022 30.9.2022 to
Year:	2022
Quarter:	3.
	Quarterly financial statements
Registration number (MB): 03145662	Issuer's home Member HR State code:
Entity's registration 040000817 number (MBS):
Personal identification 56994999963 number (OIB):	74780030Q33IX8LEE969 LEI:
Institution 1285 code:
Name of the issuer: JADRAN d.d.
Postcode and town: 51260	CRIKVENICA
Street and house number: BANA JELAČIĆA 16
E-mail address: uprava@jadran-crikvenica.hr
Web address: www.jadran-crikvenica.hr
Number of employees 577 (end of the reporting
Consolidated report: KD	KN (KN-not consolidated/KD-consolidated)	KD
Audited: RN	(RN-not audited/RD-audited) RN	RD
Names of subsidiaries (according to IFRS):	Registered office:	MB:
CLUB ADRIATIC D.O.O.	BAŠKA VODA, KRALJA PETRA KREŠIMIRA IV 11	1634470
STOLIST D.O.O.	CRIKVENICA, FRANKOPANSKA 22	2741865
		Yes
Bookkeeping firm: No	(Yes/No)	No
Contact person: NATALI IVANČIĆ MAJETIĆ	(name of the bookkeeping firm)
Telephone: 051/800-482	(only name and surname of the contact person)
E-mail address: financije@jadran-crikvenica.hr
Audit firm:
(name of the audit firm) Certified auditor:
(name and surname)

BALANCE SHEET

balance as at 30.09.2022

Submitter:____JADRAN d.d._________
Item	ADP code	Last day of the preceding business year	At the reporting date of the current period
1	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	949.170.626	929.359.657
I INTANGIBLE ASSETS (ADP 004 to 009)	003	156.001.047	136.260.534
1 Research and development	004	0	0
2 Concessions, patents, licences, trademarks, software and other		1.965.576	1.603.305
rights	005
3 Goodwill	006	1.316.765	1.316.765
4 Advances for the purchase of intangible assets	007	0	0
5 Intangible assets in preparation	008	0	0
6 Other intangible assets	009	152.718.706	133.340.464
II TANGIBLE ASSETS (ADP 011 to 019)	010	791.806.131	791.735.675
1 Land	011	382.970.864	382.970.864
2 Buildings	012	264.534.468	257.333.283
3 Plant and equipment	013	105.054.771	91.937.833
4 Tools, working inventory and transportation assets	014	0	0
5 Biological assets	015	1.307.978	1.421.687
6 Advances for the purchase of tangible assets	016	0	0
7 Tangible assets in preparation	017	6.964.812	27.576.562
8 Other tangible assets	018	0	0
9 Investment property	019	30.973.238	30.495.446
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	1.363.448	1.363.448
1 Investments in holdings (shares) of undertakings within the group	021	0	0
2 Investments in other securities of undertakings within the group	022	0	0
3 Loans, deposits, etc. to undertakings within the group	023	0	0
4. Investments in holdings (shares) of companies linked by virtue of participating interests	024	0	0
5 Investment in other securities of companies linked by virtue of participating interests	025	0	0
6 Loans, deposits etc. to companies linked by virtue of participating	026	0	0
interests 7 Investments in securities	027	9.530	9.530
8 Loans, deposits, etc. given	028	0	0
9 Other investments accounted for using the equity method	029	0	0
10 Other fixed financial assets	030	1.353.918	1.353.918
IV RECEIVABLES (ADP 032 to 035)	031	0	0
1 Receivables from undertakings within the group	032	0	0
2 Receivables from companies linked by virtue of participating
interests	033	0	0
3 Customer receivables	034	0	0
4 Other receivables	035	0	0
V DEFERRED TAX ASSETS	036	0	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	49.826.551	102.043.877
I INVENTORIES (ADP 039 to 045)	038	895.796	1.886.529
1 Raw materials and consumables	039	860.549	1.839.746
2 Work in progress	040	0	0
3 Finished goods	041	0	0
4 Merchandise	042	35.247	46.783
5 Advances for inventories	043	0	0
6 Fixed assets held for sale	044	0	0
7 Biological assets	045	0	0
II RECEIVABLES (ADP 047 to 052)	046	25.674.582	48.012.865
1 Receivables from undertakings within the group	047	0	0
2 Receivables from companies linked by virtue of participating interests	048	0	0
3 Customer receivables	049	16.358.165	34.559.263
4 Receivables from employees and members of the undertaking	050	19.109	544.568
5 Receivables from government and other institutions	051	5.367.993	588.404

6 Other receivables	052	3.929.315	12.320.630
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	0	0
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	056	0	0
4 Investments in holdings (shares) of companies linked by virtue of
participating interests	057	0	0
5 Investment in other securities of companies linked by virtue of
participating interests	058	0	0
6 Loans, deposits etc. to companies linked by virtue of participating	059	0	0
interests 7 Investments in securities		0	0
8 Loans, deposits, etc. given	060 061	0	0
9 Other financial assets	062	0	0
IV CASH AT BANK AND IN HAND	063	23.256.173	52.144.483
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	837.546	418.789
E) TOTAL ASSETS (ADP 001+002+037+064)	065	999.834.723	1.031.822.323
OFF-BALANCE SHEET ITEMS	066	0	0
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to	067	540.817.960	586.928.415
I INITIAL (SUBSCRIBED) CAPITAL	068	482.507.730	482.507.730
II CAPITAL RESERVES	069	234.210.922	234.210.922
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	0	0
1 Legal reserves	071	0	0
2 Reserves for treasury shares	072	0	0
3 Treasury shares and holdings (deductible item)	073	0	0
4 Statutory reserves	074	0	0
5 Other reserves	075	0	0
IV REVALUATION RESERVES	076	0	0
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	077	0	0
1 Financial assets at fair value through other comprehensive income
(i.e. available for sale)	078	0	0
2 Cash flow hedge - effective portion	079	0	0
3 Hedge of a net investment in a foreign operation - effective portion	080	0	0
4 Other fair value reserves	081	0	0
5 Exchange differences arising from the translation of foreign
operations (consolidation)	082	0	0
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-	083	-169.098.591	-175.900.692
085)
1 Retained profit	084	0	0
2 Loss brought forward	085	169.098.591	175.900.692
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088)	086	-6.802.101	46.110.455
1 Profit for the business year	087	0	46.110.455
2 Loss for the business year	088	6.802.101	0
VIII MINORITY (NON-CONTROLLING) INTEREST	089	0	0
B) PROVISIONS (ADP 091 to 096)	090	706.347	706.347
1 Provisions for pensions, termination benefits and similar obligations	091	706.347	706.347
2 Provisions for tax liabilities	092	0	0
3 Provisions for ongoing legal cases	093	0	0
4 Provisions for renewal of natural resources	094	0	0
5 Provisions for warranty obligations	095	0	0
6 Other provisions	096	0	0
C) LONG-TERM LIABILITIES (ADP 098 to 108)	097	371.835.538	372.104.456
1 Liabilities to undertakings within the group	098	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	099	0	0
3 Liabilities to companies linked by virtue of participating interests	100	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of	101	0	0
participating interests
5 Liabilities for loans, deposits etc.	102	0	0
6 Liabilities to banks and other financial institutions	103	215.083.930	215.371.999
7 Liabilities for advance payments	104	0	0
8 Liabilities to suppliers	105	0	0

9 Liabilities for securities	106	0	0
10 Other long-term liabilities	107	156.751.608	156.732.457
11 Deferred tax liability	108	0	0
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	85.736.967	71.318.119
1 Liabilities to undertakings within the group	110	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	0	0
3 Liabilities to companies linked by virtue of participating interests	112	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	113	0	0
5 Liabilities for loans, deposits etc.	114	552.144	552.144
6 Liabilities to banks and other financial institutions	115	29.720.111	4.990.902
7 Liabilities for advance payments	116	3.474.265	18.152.156
8 Liabilities to suppliers	117	15.476.049	29.021.753
9 Liabilities for securities	118	0	0
10 Liabilities to employees	119	7.668.069	6.849.683
11 Taxes, contributions and similar liabilities	120	1.787.889	3.253.351
12 Liabilities arising from the share in the result	121	0	0
13 Liabilities arising from fixed assets held for sale	122	0	0
14 Other short-term liabilities	123	27.058.440	8.498.130
E) ACCRUALS AND DEFERRED INCOME	124	737.911	764.986
F) TOTAL – LIABILITIES (ADP 067+090+097+109+124)	125	999.834.723	1.031.822.323
G) OFF-BALANCE SHEET ITEMS	126	0	0

for the period 01.01.2022. to 30.09.2022. STATEMENT OF PROFIT OR LOSS

Submitter: ___JADRAN d.d.__________		in HRK
Item		Same period of the previous year		Current period
	code	Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I OPERATING INCOME (ADP 002 to 006)	001	156.838.471	121.850.532	244.580.497	183.070.807
1 Income from sales with undertakings within the group	002	0	0	0	0
2 Income from sales (outside group)	003	142.504.335	118.254.986	235.747.347	177.811.810
3 Income from the use of own products, goods and services	004	0	0	0	0
4 Other operating income with undertakings within the group	005	0	0	0	0
5 Other operating income (outside the group)	006	14.334.136	3.595.546	8.833.150	5.258.997
II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)	007	128.925.168	71.153.517	190.175.381	102.902.873
1 Changes in inventories of work in progress and finished goods	008	0	0	0	0
2 Material costs (ADP 010 to 012)	009	50.568.195	37.634.238	86.928.119	59.661.963
a) Costs of raw materials and consumables b) Costs of goods sold	010	22.476.130	16.274.250	44.715.443	30.019.663
c) Other external costs	011 012	504.326 27.587.739	322.057 21.037.931	317.335 41.895.341	212.610 29.429.690
3 Staff costs (ADP 014 to 016)	013	32.381.253	16.969.401	50.715.975	24.131.416
a) Net salaries and wages	014	21.793.118	11.872.342	33.085.581	16.092.971
b) Tax and contributions from salary costs	015	6.655.109	3.166.119	11.136.963	5.098.536
c) Contributions on salaries	016	3.933.026	1.930.940	6.493.431	2.939.909
4 Depreciation	017	38.591.620	13.352.955	42.529.065	14.278.382
5 Other costs	018	7.196.467	3.181.331	9.826.095	4.825.666
6 Value adjustments (ADP 020+021)	019	0	0	0	0
a) fixed assets other than financial assets	020	0	0	0	0
b) current assets other than financial assets	021	0	0	0	0
7 Provisions (ADP 023 to 028)	022	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	023	0	0	0	0
b) Provisions for tax liabilities	024	0	0	0	0
c) Provisions for ongoing legal cases	025	0	0	0	0
d) Provisions for renewal of natural resources	026	0	0	0	0
e) Provisions for warranty obligations	027	0	0	0	0
f) Other provisions	028	0	0	0	0
8 Other operating expenses	029	187.633	15.592	176.127	5.446
III FINANCIAL INCOME (ADP 031 to 040) 1 Income from investments in holdings (shares) of undertakings within	030	2.738.387	3.072	1.621.097	51.524
the group	031	0	0	0	0
2 Income from investments in holdings (shares) of companies linked by
virtue of participating interests	032	0	0	0	0
3 Income from other long-term financial investment and loans granted to	033	0	0	0	0
undertakings within the group
4 Other interest income from operations with undertakings within the group	034	0	0	0	0
5 Exchange rate differences and other financial income from operations
with undertakings within the group	035	0	0	0	0
6 Income from other long-term financial investments and loans	036	0	0	0	0
7 Other interest income	037	1.240	32	198	5
8 Exchange rate differences and other financial income	038	2.737.147	3.040	1.620.899	51.519
9 Unrealised gains (income) from financial assets	039	0	0	0	0
10 Other financial income	040	0	0	0	0
IV FINANCIAL EXPENSES (ADP 042 to 048)	041	9.309.313	2.972.812	9.915.758	2.745.814
1 Interest expenses and similar expenses with undertakings within the group	042	0	0	0	0
2 Exchange rate differences and other expenses from operations with	043	0	0	0	0
undertakings within the group
3 Interest expenses and similar expenses	044	8.005.505	2.814.064	7.973.978	2.737.493
4 Exchange rate differences and other expenses	045	1.303.808	158.748	1.941.780	8.321
5 Unrealised losses (expenses) from financial assets	046	0	0	0	0
6 Value adjustments of financial assets (net) 7 Other financial expenses	047	0	0	0	0
V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF	048	0	0	0	0
PARTICIPATING INTERESTS	049	0	0	0	0
VI SHARE IN PROFIT FROM JOINT VENTURES	050	0	0	0	0
VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF	051	0	0	0	0
PARTICIPATING INTEREST
VIII SHARE IN LOSS OF JOINT VENTURES	052	0	0	0	0
IX TOTAL INCOME (ADP 001+030+049 +050)	053	159.576.858	121.853.604	246.201.594	183.122.331
X TOTAL EXPENDITURE (ADP 007+041+051 + 052)	054	138.234.481	74.126.329	200.091.139	105.648.687
XI PRE-TAX PROFIT OR LOSS (ADP 053-054)	055	21.342.377	47.727.275	46.110.455	77.473.644

1 Pre-tax profit (ADP 053-054)

056 21.342.377 47.727.275 46.110.455 77.473.644

2 Pre-tax loss (ADP 054-053)	057	0	0	0	0
XII INCOME TAX	058	0	0	0	0
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	21.342.377	47.727.275	46.110.455	77.473.644
1 Profit for the period (ADP 055-059)	060	21.342.377	47.727.275	46.110.455	77.473.644
2 Loss for the period (ADP 059-055)	061	0	0	0	0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS	062	0	0	0	0
(ADP 063-064)
1 Pre-tax profit from discontinued operations	063	0	0	0	0
2 Pre-tax loss on discontinued operations	064	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	0	0	0	0
1 Discontinued operations profit for the period (ADP 062-065)	066	0	0	0	0
2 Discontinued operations loss for the period (ADP 065-062)	067	0	0	0	0
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	0	0	0	0
1 Pre-tax profit (ADP 068)	069	0	0	0	0
2 Pre-tax loss (ADP 068)	070	0	0	0	0
XVII INCOME TAX (ADP 058+065)	071	0	0	0	0
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	072	0	0	0	0
1 Profit for the period (ADP 068-071)
	073	0	0	0	0
2 Loss for the period (ADP 071-068)	074	0	0	0	0
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077)	075	0	0	0	0
1 Attributable to owners of the parent	076	0	0	0	0
2 Attributable to minority (non-controlling) interest	077	0	0	0	0
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	21.342.377	47.727.275	46.110.455	77.473.644
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87)	079	0	0	0	0
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0	0
2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income	082	0	0	0	0
3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk	083	0	0	0	0
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0	0
5 Other items that will not be reclassified	085	0	0	0	0
6 Income tax relating to items that will not be reclassified	086	0	0	0	0
IV Items that may be reclassified to profit or loss (ADP 088 to 095)	087	0	0	0	0
1 Exchange rate differences from translation of foreign operations	088	0	0	0	0
2 Gains or losses from subsequent measurement of debt securities at
fair value through other comprehensive income	089	0	0	0	0
3 Profit or loss arising from effective cash flow hedging	090	0	0	0	0
4 Profit or loss arising from effective hedge of a net investment in a foreign operation	091	0	0	0	0
5 Share in other comprehensive income/loss of companies linked by	092	0	0	0	0
virtue of participating interests 6 Changes in fair value of the time value of option	093	0	0	0	0
7 Changes in fair value of forward elements of forward contracts	094	0	0	0	0
8 Other items that may be reclassified to profit or loss	095	0	0	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	0	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096)	097	0	0	0	0
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097)	098	21.342.377	47.727.275	46.110.455	77.473.644
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101)	099	21.342.377	47.727.275	46.110.455	77.473.644
1 Attributable to owners of the parent
2 Attributable to minority (non-controlling) interest	100 101	21.342.377 0	47.727.275 0	46.110.455 0	77.473.644 0

STATEMENT OF CASH FLOWS - indirect method

for the period 01.01.2022. to 30.09.2022.

Submitter: _JADRAN d.d.____________
Item	ADP code	Same period of the previous year	Current period
1	2	3	4
Cash flow from operating activities
1 Pre-tax profit	001	21.342.377	46.110.455
2 Adjustments (ADP 003 to 010):	002	30.021.453	43.115.047
a) Depreciation	003	38.591.620	42.529.065
b) Gains and losses from sale and value adjustment of fixed tangible and	004	0	0
intangible assets
c) Gains and losses from sale and unrealised gains and losses and value	005	0	0
adjustment of financial assets
d) Interest and dividend income e) Interest expenses	006	0	0
f) Provisions	007	-4.415.570	4.371.508
g) Exchange rate differences (unrealised)	008	0	0
	009	0	0
h) Other adjustments for non-cash transactions and unrealised gains and losses	010	-4.154.597	-3.785.526
I Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	51.363.830	89.225.502
3 Changes in the working capital (ADP 013 to 016)	012	221.776	-8.518.486
a) Increase or decrease in short-term liabilities	013	14.698.166	14.418.848
b) Increase or decrease in short-term receivables	014	-9.908.772	-22.338.283
c) Increase or decrease in inventories	015	-723.613	-990.733
d) Other increase or decrease in working capital	016	-3.844.005	391.682
II Cash from operations (ADP 011+012)	017	51.585.606	80.707.016
4 Interest paid	018	0	-4.584.440
5 Income tax paid	019	0	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	020	51.585.606	76.122.576
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	021	23.669.466	116.838
2 Cash receipts from sales of financial instruments	022	0	0
3 Interest received	023	0	0
4 Dividends received	024	0	0
5 Cash receipts from repayment of loans and deposits	025	0	0
6 Other cash receipts from investment activities	026	0	0
III Total cash receipts from investment activities (ADP 021 to 026)	027	23.669.466	116.838
1 Cash payments for the purchase of fixed tangible and intangible assets	028	-31.019.149	-22.625.139
2 Cash payments for the acquisition of financial instruments	029	0	0
3 Cash payments for loans and deposits for the period	030	0	0
4 Acquisition of a subsidiary, net of cash acquired	031	0	0
5 Other cash payments from investment activities	032	0	0
IV Total cash payments from investment activities (ADP 028 to 032)	033	-31.019.149	-22.625.139
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	-7.349.683	-22.508.301
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	035	0	0
2 Cash receipts from the issue of equity financial instruments and debt	036	0	0
financial instruments
3 Cash receipts from credit principals, loans and other borrowings	037	0	0
4 Other cash receipts from financing activities	038	0	0
V Total cash receipts from financing activities (ADP 035 to 038)	039	0	0

1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	-17.716.338	-24.725.965
2 Cash payments for dividends	041	0	0
3 Cash payments for finance lease	042	0	0
4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital	043	0	0
5 Other cash payments from financing activities	044	0	0
VI Total cash payments from financing activities (ADP 040 to 044)	045	-17.716.338	-24.725.965
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046	-17.716.338	-24.725.965
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047	0	0
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	048	26.519.585	28.888.310
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	049	27.640.451	23.256.173
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	54.160.036	52.144.483

STATEMENT OF CHANGES IN EQUITY for the period from 1.1.2022 to	30.9.2022																	in HRK
										Attributable to owners of the parent Fair value of
Item	ADP code	Initial (subscribed) capital	Capital reserves	Legal reserves	Reserves for treasury shares	Treasury shares and holdings (deductible item)	Statutory reserves Other reserves		Revaluation reserves	financial assets through other comprehensive income (available for	Cash flow hedge - effective portion	Hedge of a net investment in a foreign operation - effective portion	Other fair value reserves	Exchange rate differences from translation of foreign operations	Retained profit / loss brought forward	Profit/loss for the business year	Total attributable to owners of the parent	Minority (non controlling) interest	Total capital and reserves
1	2	3	4	5	6	7	8	9	10	sale) 11	12	13	14	15	16	17	18 (3 to 6 - 7	19	20 (18+19)
Previous period																	+ 8 to 17)
1 Balance on the first day of the previous business year 2 Changes in accounting policies	01 02	482.507.730 0	234.210.922 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	-169.098.591 0	0 0	547.620.061 0	0 0	547.620.061 0
3 Correction of errors	03	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03)	04	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-169.098.591	0	547.620.061	0	547.620.061
5 Profit/loss of the period 6 Exchange rate differences from translation of foreign operations	05 06	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	-6.802.101 0	-6.802.101 0	0 0	-6.802.101 0
7 Changes in revaluation reserves of fixed tangible and intangible assets	07	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
8 Gains or losses from subsequent measurement of financial assets at fair value
through other comprehensive income (available for sale)	08	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
9 Profit or loss arising from effective cash flow hedge	09	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11 Share in other comprehensive income/loss of companies linked by virtue of participating interests	11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
12 Actuarial gains/losses on the defined benefit obligation	12	0	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0
13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity	13 14	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy	15	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
settlement procedure or from the reinvestment of profit) 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement	16	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
procedure
17 Decrease in initial (subscribed) capital arising from the reinvestment of profit	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18 Redemption of treasury shares/holdings 19 Payments from members/shareholders	18 19	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
20 Payment of share in profit/dividend	20	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
21 Other distributions and payments to members/shareholders 22 Transfer to reserves according to the annual schedule	21 22	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
23 Increase in reserves arising from the pre-bankruptcy settlement procedure	23	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
24 Balance on the last day of the previous business year reporting period (ADP 04 to 23)	24	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-169.098.591	-6.802.101	540.817.960	0	540.817.960
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14)	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25)	26	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-6.802.101	-6.802.101	0	-6.802.101
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23)	27	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current period 1 Balance on the first day of the current business year
2 Changes in accounting policies	28 29	482.507.730 0	234.210.922 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	-175.900.692 0	0 0	540.817.960 0	0 0	540.817.960 0
3 Correction of errors	30	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4 Balance on the first day of the current business year (restated) (AOP 28 to 30)	31	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-175.900.692	0	540.817.960	0	540.817.960
5 Profit/loss of the period	32	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46.110.455	46.110.455	0	46.110.455
6 Exchange rate differences from translation of foreign operations	33	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
7 Changes in revaluation reserves of fixed tangible and intangible assets 8 Gains or losses from subsequent measurement of financial assets at fair value	34	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
through other comprehensive income (available for sale)	35	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
9 Profit or loss arising from effective cash flow hedge	36	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	37	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11 Share in other comprehensive income/loss of companies linked by virtue of	38	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
participating interests 12 Actuarial gains/losses on the defined benefit obligation	39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
13 Other changes in equity unrelated to owners	40	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy	41	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
settlement procedure or from the reinvestment of profit)	42	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure	43	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
17 Decrease in initial (subscribed) capital arising from the reinvestment of profit	44	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18 Redemption of treasury shares/holdings	45	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
19 Payments from members/shareholders 20 Payment of share in profit/dividend	46 47	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
21 Other distributions and payments to members/shareholders	48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
22 Carryforward per annual plane 23 Increase in reserves arising from the pre-bankruptcy settlement procedure	49 50	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
24 Balance on the last day of the current business year reporting period (ADP 31 to 50)	51	482.507.730	234.210.922	0	0	0	0	0	0	0	0	0	0	0	-175.900.692	46.110.455	586.928.415	0	586.928.415
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS)
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41)	52	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52)	53	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46.110.455	46.110.455	0	46.110.455
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED

DIRECTLY IN EQUITY (ADP 42 to 50)

54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)

Name of the issuer: ________________JADRAN D.D._______________________________________

Personal identification number (OIB): ___________56994999963_____________________________________________

Reporting period: ________________________________________01.01.2022.-30.09.2022._____

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 reporting semi-annual 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 (items 15 to 15C 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 semi-annual reporting period

c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual 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 (item 16.A (a) IAS 34 - Interim financial reporting)

d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)

e) other comments prescribed by IAS 34 - Interim financial reporting

f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed: 1. undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration

1. adopted accounting policies (only an indication of whether there has been a change from the previous period)

2. 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 undertaking within the group or company linked by virtue of participating interest shall be disclosed separately

3. the amount and nature of individual items of income or expenditure which are of exceptional size or incidence

4. amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security

5. average number of employees during the financial year

6. where, in accordance with the regulations, the undertaking 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

7. 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

8. the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking'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 undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking

9. 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

10. 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

11. the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability

12. the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member

13. the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13

14. the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available

15. the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking 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 undertaking

16. 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