AB Akola Group

Interim / Quarterly Report • Sep 28, 2018

"LINAS" AB INTERIM CONSOLIDATED REPORT FOR SIX MONTHS OF YEAR 2018

Linas AB Company code 147689083 S. Kerbedzio 23, Panevezys

September 28, 2018

Following Art. 22 of the Law on Securities of the Republic of Lithuania and the Regulations for Drawing-up and Submission of the Periodic and the Additional Information issued by the Board of Lithuanian Bank, we, Vilita Skersiene, Director of Linas AB, and Gerda Zabarskiene, chief accountant of Linas AB, hereby confirm that to our best knowledge interim consolidated six months financial statements of year 2018 of Linas AB Group of companies were drawn following the International Financial Reporting Standards adopted for use in the European Union, and present the fair and accurate status of the consolidated assets, liabilities, financial condition and profit or loss and money flows of the Linas AB Group of companies, and that the review of activities and business development and the condition of Linas AB Group of companies together with the description of the principle risks and uncertainties it faces has been described correctly in the interim consolidated six months report of year 2018 of Linas AB. Interim consolidated financial statements were not audited, consolidated interim report was not evaluated by the auditors.

INDEX

1.	Accounting period for which the report is prepared 4
2.	Companies comprising the Company Group and their contact data 4
3.	Principal nature of activity 4
4.	Contracts with intermediaries of public trading securities 4
5.	Data on trading in securities of the Company in regulated markets 4
6.	Fair review of entity's position, performance and development of the entity's business,
	description of the principal risks and uncertainties that it faces 5
7.	Information about the activity results of the Group 5
8.	Main events of the accounting period 5
9.	Important events after the end of the accounting period 6
10.	References and additional explanatory notes regarding the date provided in the
	consolidated financial statements 6
11.	Operating plans and forecasts of the Company Group 6
12.	Information about research and development activities of the Company Group 6
13.	Information about financial risk management objectives, its measures for hedging major
	types of forecasted transactions for which hedge accounting is used, and the Company Group's
	exposure to the cope of price risk, credit risk, liquidity risk and cash flow risk where the
	Company Group uses financial instruments and where this is of importance for the evaluation
	of the Group's assets, equity capital, liabilities, financial position and performance results. 6
14.	Information about branches and representative offices of the Company 6
15.	Company's structure of authorised capital and encumbrances for transfer/disposal of said
	securities 6
16.	Information about the own shares acquired and held by the Company and the Group and
	the same acquired and transferred during the reporting period 7
17.	Shareholders 7
18.	Employees 8
19.	Procedure for amendment of the Articles of association of the Company 8
20.	Management bodies of the Company 8
21.	Data about the Supervisory Council, the Board and Audit committee members and
	administration of the Company 12
22.	All material agreements to which the Company is a party and which would come into
	effect, be amended or terminated in case of change in the Company's control, also their impact
	except the cases where the disclosure of the nature of the agreements would cause significant
	damage to the Company 13
23.	All agreements of the Company and the members of its management bodies or the
	employee agreements providing for a compensation in case of the resignation or in case they are
	dismissed without due reason or their employment is terminated in view of the change of control
	of the Company 13
24.	Information on the significant transactions between related parties 13
25.	Information about companies' compliance to management codex 14
26.	Data about publicly disclosed information 14

1. Accounting period for which the report is prepared

"Linas" AB interim consolidated six months report is prepared for January-June months of year 2018.

2. Companies comprising the Company Group and their contact data

Principal Company data

Authorised (share) capital 6 971 307,10 Eur Telephone (8-45) 506100 E-mail address office@linas.lt Webpage www.linas.lt Company registration number AB 9329

Company code 1476 89083 VAT code LT476890811 Legal Entity Identifier

Principal subsidiary data

Name UAB "Lino apdaila" Authorised (share) capital 2 896 Eur Telephone (8-45) 506111 E-mail address office@linas.lt

Company code 3017 33421 VAT code LT100004113316

.

Name AB "Linas" (hereinafter the Company) Domicile address S. Kerbedzio str. 23, LT-35114 Panevezys Legal-organisational form Public Limited Liability Company Date and place of registration 08-03-1993, Company Register/ City of Panevezys Date and place of re-registration September 9, 2004, Register of Legal Persons, Registration Certificate No. 003429.

(LEI) code 52990054JBNAT4BLVY62

Domicile address S. Kerbedzio str. 23, LT-35114 Panevezys Legal –organisational form Private Limited Liability Company Date and place of registration May 23, 2008 Register of Legal Persons, Registration Certificate No. 114552

3. Principal nature of activity

Principal nature of activity is production of textile products and sales.

On June 30, 2018 the Group of companies was comprised of AB "Linas" and its subsidiary company UAB "Lino apdaila". AB "Linas" holds 100% shares of the subsidiary company. The activity of AB "Linas" is sales of linen textile items; other activity of AB "Linas" - management of financial asset (shares and granted loans), supply of thermal energy. The activity of the textile products production is carried out at the subsidiary company UAB "Lino apdaila".

4. Contracts with intermediaries of public trading securities

On August 24, 2018 AB "Linas" has signed the service contract with AB Siauliu Bankas (company code 112025254, Tilzes str. 149, Siauliai) regarding the management of company's stock accounting.

5. Data on trading in securities of the Company in regulated markets

The total of 24 038 990 ordinary registered shares (ISIN code LT0000100661) the total nominal value of which is 6 971 307,10 Eur are included into the Baltic trading secondary list of the Vilnius Securities Exchange (VVPB symbol – LNS1).

6. Fair review of entity's position, performance and development of the entity's business, description of the principal risks and uncertainties that it faces

Risk factors related to the activities of the issuer:

Credit:

• Customers' solvency.

The Group is trying to manage credit risk influence with the insurance of her customers, applying safe payments forms, asking for property guarantees or sponsion of third parties.

Economic and political:

• Increase in supply of Asian textile products and dumping.
• Cyclicity of demand for linen products.
• Seasonality: les demand in winter.

• Rise of prices for raw materials.

• Passive policy of the Lithuanian state in regard of foreign investment and local exporters.

The Group is developing and improving marketing and production spheres, reacting to customers needs, searching for new markets, assortment possibilities, taking place in the projects witch are supplied by Lithuanian Republic or European Union.

Technical-technological:

• Part of the technological equipment are old and wear-tear, requiring huge investment in to their repair and maintenance.

The Group is investing into the obtaining of progressive equipment, renewing of old equipment and proper maintenance in order to increase production efficiency and productivity.

7. Information about the activity results of the Group

During the Ist half of year 2018 AB "Linas" Company Group sold products and services for 6,432 million Eur. Compared to the results of the Ist half of year 2017 the incomes of sales decreased 0,165 million Eur or 2,50 %.

Item	Unit	st half of year I 2018	st half of year I 2017
Sales	Thousand Eur	6 432	6 597
Profit before taxes	Thousand Eur	337	270

During the Ist half of year 2018 the volumes of sales and production of the Group remain stable, in comparison with the same period of last year, regarding the stable usage of textile items in foreign markets.

EBITDA of Ist half of year 2018 was 0,45 mln. EUR when EBITDA of January-June of year 2017 EBITDA was 0,38 mln. EUR.

More information about the activity and financial results of Ist half of year 2018 of the Group is presented in the interim consolidated financial accountability of six months of year 2018 of AB "Linas".

8. Main events of the accounting period

Justina Ryskiene resigned from the independent members of Audit committee from April 9, 2018.

On April 09, 2018 to AB Linas" were prescribed 600 000 Eur dividends from daughter company UAB "Lino apdaila".

On May 16, 2018 AB "Linas" Repeated Annual General Meeting of Shareholders made these Resolutions:

1. Daivute Bareisiene was elected as the member of Audit committee of the company.

2. The net profit of accounting year 166 405 Eur also unappropriated loss of the previous financial year – 195 864 Eur - as unappropriated losses of accounting year – 29 459 Eur transferred to other financial year.

9. Important events after the end of the accounting period

Inga Mikeniene and Daivute Bareisiene was resigning from the positions of independent members of the Audit committee from August 31, 2018.

Daiva Minkeviciene was resigning from the position of the director from August 31, 2018.

On August 23, 2018 the Supervisory Council has recalled Daiva Minkeviciene from the members of the Board and has elected head of finances Egidijus Mikeliunas as a member of the Board.

On August 24, 2018 Egidijus Mikeliunas was elected as the Chairman of the Board of AB "Linas".

Vilita Skersiene was resigning from the position of the Chairman of the Supervisory Council from August 31, 2018.

On August 30, 2018 the Board of AB "Linas" elected Vilita Skersiene as the director of company AB "Linas" from September 1, 2018.

10. References and additional explanatory notes regarding the date provided in the consolidated financial statements

The financial statements have been prepared following the International Financial Accounting Standards. The data provided in the six months financial reporting statements and in the explanatory note are sufficient and comprehensive.

11. Operating plans and forecasts of the Company Group

In 2018 the Group of Linas, AB plans to produce linen products to customers which put value upon combination of naturalness and modernity. Companies of the Group will vouch for reliable partnership with customers and suppliers; also will vouch for safe environment to employees as before. The main objectives of the Group are: to increase volume of sales, expanding market in foreign countries and Lithuania, and to decrease cost price of production, optimizing expenses of production, buying cheaper raw materials.

12. Information about research and development activities of the Company Group

The Company Group was not carrying out activities related to research and development.

13. Information about financial risk management objectives, its measures for hedging major types of forecasted transactions for which hedge accounting is used, and the Company Group's exposure to the cope of price risk, credit risk, liquidity risk and cash flow risk where the Company Group uses financial instruments and where this is of importance for the evaluation of the Group's assets, equity capital, liabilities, financial position and performance results.

The Company Group was not using the financial instruments which are of importance for the evaluation of the Group's assets, equity capital, financial position and performance results.

14. Information about branches and representative offices of the Company

The AB "Linas" does not have any branches or representative offices.

15. Company's structure of authorised capital and encumbrances for transfer/disposal of said securities

The authorised capital registered in the company register of the Republic of Lithuania is equal to 6 971 307,10 Eur.

The structure of the authorised capital of the AB "Linas" according to types of shares is as below:

Type of shares	Number of shares	Nominal value (Eur)	Total nominal value	Percentage in the authorised capital
Ordinary registered shares	24 038 990	0,29	6 671 307,10	100,00
Total:	24 038 990	-	6 971 307,10	100,00

All shares of the AB "Linas" have been paid in full and they are not subject to any encumbrances for transfer/disposal of said securities.

The shares of the Company present the same property and non-property rights and liabilities according to the indications of Joint Stock Company's law.

16. Information about the own shares acquired and held by the Company and the Group and the same acquired and transferred during the reporting period

The Company has not acquired any of its own shares. The subsidiary has also not acquired any of the Company's shares. Neither the Company nor its subsidiary has bought or sold its own shares.

17. Shareholders

The total number of shareholders of the AB "Linas " at June 30, 2018 was 933.

The shareholders who hold or control more than 5 per cent of authorised capital of the Company acc. to the data of June 30, 2018 were:

Shareholder's name, surname, company's name, type, domicile address, code in the Register of Enterprises	Number of ordinary registered shares held on property ownership right (pcs.)	Percentage of authorised capital held	Percentage of votes granted by the shares held on property ownership right	Percentage of votes held together with the persons acting together
Association "EEEE", Savanoriu pr. 192, Kaunas, code in the Register of Enterprises 302572729	5 564 579	23,15%	23,15%	23,15%
Roocero Associated Limited, 35 Barrack Road, Belize City, Belize, code in the Register of Enterprises 106446	5 406 533	22,49%	22,49%	22,49%
Danelika Services Limited, 3 Michael Koutsofta street, Limassol, Cyprus, code in the Register of Enterprises HE289213	4 156 585	17,29%	17,29%	17,29%
"Rivena", UAB, P. Zadeikos g. 13-35, Vilnius, code in the Register of Enterprises 302521510	2 423 030	10,08%	10,08%	10,08%

None of the shareholders of the Company have any special control rights. All shareholders have equal rights, so the number of shares of AB "Linas" carrying votes at the general meeting of shareholders is 24 038 990.

The Company has not been notified any agreements between the shareholders due to which the transfer of securities and/or voting rights could be encumbered.

18. Employees

The average listed number of employees in AB "Linas" Company Group on the Ist half of year 2018 was 142. On the Ist half of year 2017 this average was 157. During the year the average number of employees decreased by 15 or 9.55 %.

Employees	I	st half of year 2018	st half of year 2017 I
	Average	Average	Average	Average
	conditional	salary/wage,	conditional	salary/wage,
	number of	Eur	number of	Eur
	employees		employees
Management personnel	8	1740	9	1369
Specialists and clerks	35	916	38	913
Workers	91	601	101	557
Total	134	751	148	698

The wages to the employees of the Group were paid observing the confirmed labour payment regulations, the Law on labour safety and health and other laws of the Republic of Lithuanian and decisions by the Government. Average calculated wage in the Ist half of year 2018 was 751 Eur and compared to the Ist half of year 2017 increased by 7,59 %. (in the Ist half of year 2017 - 698 Eur).

The Collective Agreement in AB "Linas" Group of companies indicates:

1. One-off irretrievable pay is paid:

2. when employee of the company dies and the family of employee grows children (adoptee) till 18 years old, also the oldest if they are studying at secondary schools at day shift, at professional or higher schools at day shift (including the period of academic holidays), but no longer till 24 – 6 base social pays;

3. when spouse of company's employee dies and the family of employee grows children (adoptee) till 18 years old, also the oldest if they are studying at secondary schools at day shift, at professional or higher schools at day shift (including the period of academic holidays), but no longer till 24 – 6 base social pays.

4. Additional paid holidays:

up to 3 calendar days in case of death of a family member (parents, husband, wife, child, brother, sister);

• 1 calendar day for the marriage.

• The employees who must undergo compulsory medical examination shall be paid average wage for the time spent for such medical check-up. The employer shall also cover all the costs related to such medical checkups.

19. Procedure for amendment of the Articles of association of the Company

The Law on Companies of the Republic of Lithuania provides that the right to amend the Articles of Association shall be vested exclusively in the general meeting of shareholders. Adoption of amendment of the Articles of Association requires 2/3 majority vote of the shareholders attending the meeting.

20. Management bodies of the Company

As determined by the Articles of Association of AB "Linas" the management bodies of the Company are:

• General meeting of shareholders;
• Supervisory Council of AB "Linas";

• The Board of AB "Linas";

• Head (Director) of AB "Linas".

The Supervisory Council shall not be formed.

General meeting of the shareholders is the highest body of the company.

Only General meeting of the shareholders has the right to:

• change the regulations of the company, except the exceptions indicated by Joint Stock Company's law of Lithuanian Republic;

• to elect and revoke members of the Supervisory Council;

• to elect and revoke a certified auditor or audit firm intended to carry out an audit of a set of annual financial statements, to establish terms and conditions of payment for audit services;

• to approve the set of annual financial statements;

• to confirm the set of intermediate financial reports which is done in order to achieve the decision regarding the pay of dividends for the period shorter than financial year;

• to make a resolution on allocation of dividends for a period of less than a financial year;

• to take the decision to increase the authorized capital;

• to indicate the shares class, number and nominal value of issued company's shares and the minimal price of the emission;

• to take the decision to cancel the priority right to all shareholders to obtain company's shares of concrete emission or convertible bonds;

• to take the decision to decrease authorized capital, except the exceptions indicated in Joint Stock Company's law of Lithuanian Republic;

• to take the decision to issue convertible bonds;

• to take the decision to convert company's one class shares into the other class, to confirm the order of shares convert;

• to take the decision to obtain own shares for the Company;

• to take the decision to liquidate the company, to cancel the liquidation of the company, except the cases indicated in Joint Stock Company's law of Lithuanian Republic;

• to elect and to cancel company's liquidator, except the cases indicated in Joint Stock Company's law of Lithuanian Republic;

• to take the decision regarding company's reorganization or separation and to confirm the conditions of reorganization or separation;

• to take the decision to reorganize the company;

• to take the decision to shake-up the company;

• to take the decision regarding the allotment of profit (loss);

• to take the decision regarding the reserves making, using, decreasing or cancelling.

General Meeting of shareholders can also solve other questions, which are not attributed to the competence of other company's bodies according to Joint Stock Company's law of Lithuanian Republic, and if they are not the function of other managing bodies.

The call order of General meeting of shareholders of the company doesn't differ from the order indicated in Joint Stock Company's law of Lithuanian Republic.

The Supervisory Council is a Collegial Body supervising company's activities. The Supervisory Council is headed by a chairman. The Supervisory Council shall be composed of 3 members. The Supervisory Council shall be elected and revoked by the general shareholders' meeting. The procedure of election and revocation of the Supervisory Council shall agree with provisions of the Law on Companies of the Republic of Lithuania.

The Supervisory Council shall be appointed for a four-year period. The Supervisory Council shall perform its functions within the period fixed in the Articles of Association or until a new Supervisory Council is elected, but not longer than until the ordinary general shareholders' meeting that is held in the year of expiry of cadence of the Supervisory Council. Number of cadences of a member of the Supervisory Council is not limited. The Supervisory Council shall elect a chairman of the Supervisory Council of its members.

The members of the Supervisory Council for their activity can get the bonuses acc.to the order indicated in the article No.59 of the law of Stock Companies. Competence and decisionmaking of the Supervisory Council shall agree with provisions of the Law on Companies of the Republic of Lithuania.

The order of call of the Supervisor's Meeting, voting in the Meeting of the Supervisor's Council and acceptance of decisions is not differ from the one which is indicated in the law of stock companies of Lithuania Republic. The meetings of the Supervisory Council should be recorded.

The procedure of work of the Supervisory Council shall be established by the rules of procedure adopted by the Supervisory Council.

The Board is the collegial management body of the company. The Board is elected by the Supervisory Council according to the order indicated in Joint Stock Company's law of Lithuanian Republic. If single members of the Board are elected, so they are elected only up to the end of existing Board cadence. The Board consists of 3 members for 4 years. The chief of the Board is elected by the Board from its members. The working order of the Board is indicated in the accepted work regulation of the Board.

The Supervisory Council can cancel all the Board or its single members if there cadence is still not over. The member of Board can resign from his post even if the cadence is still not over and to inform the company in written not later 14 days.

The competence of the Company's Board the procedure of it election and dismissal are not different from the same provided for in the Law on Companies of the Republic of Lithuania.

The Board shall consider and confirm:

• Activity strategy of the Company;
• Activity report of the Company;
• Organisation/management structure of the Company and list of positions;
• List of positions to which the employees are admitted following selection procedure;
• Regulations of branches and representative offices of the Company.

The Board shall elect the head of the Company and fix his salary, other terms and conditions of the employment contract with him, confirm his job description, apply motivation and disciplinary measures.

The Board shall decide on the information to be treated as commercial (production) secret of the Company.

The Board shall adopt:

• Decisions on becoming the founder or member of other legal persons;

• Decisions on establishing branches and representative offices of the Company;

• Decisions regarding the buying of long-term asset, investment, transfer, lease, mortgage and hypothec;

• Decisions regarding the sponsion or guarantee of liabilities execution of other;

• Decisions regarding the support providing;

• Decision to reorganise the Company in cases provided for in Law on Reorganisation of Companies;

• Other decisions attributed to the competence of the Board by the Articles of Association or by resolutions of the General meeting of shareholders;

Before investing the funds or other assets into other legal persons the Board must notify the creditors with who the Company has not settled accounts in the event the total outstanding amount to such creditors is exceeding 1/20 of the authorised capital of the Company.

The Board shall analyse and assess the materials presented by the head of the Company concerning:

• Organisation of company's activities;

• Financial condition of the Company;

• Results of business activities, budgets for income and expenses, data of stocktaking and other changes related to assets of the Company;

• A project of a set of company's annual and interim financial statements as well as a project of distribution of profit (losses) and submit them to the Supervisory Council and the general shareholders' meeting accompanied by comments, relevant offers, and the annual report of the company;

• A project of allocation of dividends for the period of less than a financial year and a set of interim financial statements submitted for its approval, and submit them to the Supervisory Council and the general shareholders' meeting accompanied by comments, relevant offers, and the interim report of the company.

The competence of company's director, the order of his election or cancelation is not differ from the order indicated in Joint Stock Company's law of Lithuanian Republic.

Director of the company:

• organizes daily activity of the company, hires or fires employees, makes and terminates job contracts with them, motivates employees or signs penalties for them;

• indicates calculation normative of property deterioration of the company;

• acts in the name of the company and has the right to sign contracts autocratically;

• has to secure company's commercial (production) secrets which he knew being at this post;

• presents the questions to discuss to the Board of the company and to General Meeting of shareholders;

• represents the company at the court, in relationships with other juridical and physical persons;

• presents the authorization to other persons to execute ions which are at his competence;

• perform other functions established by the laws, other regulations of the Republic of Lithuania as well as by company's Articles of Association and job descriptions.

Director of the company is responsible for:

• organization of company's activity and execution of its goals;

• preparation of the set of annual financial statements and the annual report of the company;

• preparation of a resolution on the project of allocation of dividends for the period of less than a financial year, preparation of the set of interim financial statements and the interim report intended to adopt the resolution on the project of allocation of dividends for the period of less than a financial year;

• conclusion of an agreement with an auditor or an audit firm;

• presentation of information and documents for General Meeting of shareholders, for the Supervisory Council, for the Board, in the cases indicated in Joint Stock Company's law of Lithuanian Republic or according their request;

• presentation of company's documents and data to the manager of juridical persons register;

• presentation of company's documents to the Securities Commission and to Central Security Depository of Lithuania;

• public announcement of information, indicated in Joint Stock Company's law of Lithuanian Republic, in newspaper "Lietuvos rytas";

• presentation of information to shareholders;

• presentation of all necessary documents which are indicated in the contract with an auditor or an audit company for concrete inspection;

• other post execution indicated in Joint Stock Company's law of Lithuanian Republic and other laws and regulations, also in regulations of the company and in job description of company's manager.

According to the decision of General meeting of Shareholders the Audit committee is formed at AB "Linas". Company's Audit committee consists of three members, two of which should be independent. General Meeting of shareholders elect or cancel members of Audit committee according to the offer of company's Board. The cadence period of the audit committee four years. Continuous cadence period of the member of Audit committee could not be longer than twelve years.

Main duties of Audit committee:

• to present recommendations to company's Supervisory Council in relation with selection, nomination, repeated nomination and cancellation of external audit company and to present the contract conditions with audit company;

• to watch the execution process of external audit;

• to watch how external auditor keeps to the principles of objectivity and independence;

• to watch the preparation process of company's financial reports;

• to watch the system effectiveness of Company's internal control, risk management and internal audit, if it is working in the company;

• to execute other functions indicated in Lithuanian Republic laws and to keep providing recommendations of management codex of companies listed at Vilnius NASDAQ OMX.

21. Data about the Supervisory Council, the Board and Audit committee members and administration of the Company

VILITA SKERSIENĖ – Chairman of the Supervisory Council until 31-08-2018. Head of the Marketing Division of the Company until 31-08-2018. UAB "Lino apdaila" director until 30-04- 2018. Does not hold shares of the Company.

VIRGINIJUS KUNDROTAS – independent member of the Supervisory Council. Director of UAB "Integral Leadership Initiatives" (company code 302339130, M. Sederavičiaus St. 11, Kaunas). Head of Baltic Management Development Association (company code 135963288, E.Ožeškienės St. 18, Kaunas). Does not hold shares of the Company.

DARIUS KAZLAUSKAS – independent member of the Supervisory Council. Commercial Director of UAB "Parnidis" (company code 300080024, Kampo g. 25-40, Kaunas). Does not hold shares of the Company.

Members of the Supervisory Council were elected on May 16, 2017 by the General meeting of shareholders for four periods in office.

DAIVA MINKEVICIENE – Chairman of the Board until 23-08-2018 and head of administration of the Company – The Director until 31-08-2018. Does not hold shares of the Company.

REGINA VAIGINIENĖ– member of the Board. The Company's senior Accountant – Economist. Does not hold shares of the Company.

LILIJA POVILONIENĖ– member of the Board. Company accountant. Does not hold shares of the Company.

Members of the Board were elected on July 08, 2017 by the Supervisory Council for four periods in office.

AUSRA SILINYTE – Chief of accountant of the Company until 28-02-2018. Does not hold shares of the Company.

GERDA ZABARSKIENE – Chief of accountant of the Company since 01-03-2018. Does not hold shares of the Company.

The members of the management bodies of AB "Linas" have never been convicted for property, business or financial offences.

Information about total amounts and averages per person of the salaries and annual payments from profit paid during the reporting period to the members of the Supervisory Council, the Board and head of administration:

Indicator	Salary for	Payment	Other	Total
	st half of I	from profit	payments	(Eur)
	year 2018	for Ist half of	from profit
	(Eur)	year 2018	(Eur)
		(Eur)
Average per member of the Supervisory Council	-	-	-	-
Total for all members of the Supervisory Council	-	-	-	-
Average per member of the Board	-	-	-	-
Total for all members of the Board	-	-	-	-
Average per member of administration	12 203	-	-	12 203
Total for all members of administration	36 610	-	-	36 610

Members of Audit committee were elected for four years cadence during General meeting of shareholders on November 09, 2017. Authorizations are granted to the members of Audit committee and their executing functions are according to regulations of Audit committee.

LINA LIESYTĖ – member of Audit committee. Senior accountant of AB "Linas" since year 2008. Does not hold shares of the Company.

INGA MIKENIENE – independent member of Audit committee until 31-08-2018. Chief of accountant of company UAB "Electric Box" since year 2005. Does not hold shares of the Company.

DAIVUTE BAREISIENE – independent member of Audit committee until 31-08-2018. Chief of accountant of company UAB "Hjellgjerde Baltija". Does not hold shares of the Company.

22. All material agreements to which the Company is a party and which would come into effect, be amended or terminated in case of change in the Company's control, also their impact except the cases where the disclosure of the nature of the agreements would cause significant damage to the Company

None.

23. All agreements of the Company and the members of its management bodies or the employee agreements providing for a compensation in case of the resignation or in case they are dismissed without due reason or their employment is terminated in view of the change of control of the Company

None.

24. Information on the significant transactions between related parties

During six months of year 2018 there were no related parties' contracts which could make large influence on financial situation or activity of the Group. All information regarding related parties contracts will be presented in the notes of explanatory memorandum of annual financial accountability.

25. Information about companies' compliance to management codex

Company report about compliance to management codex of companies which are listed at Vilnius NASDAQ OMX was publicly announced and presented together with the consolidated annual report of year 2017. There were no changes in the information about companies' compliance to management codex during Ist half of year 2018.

26. Data about publicly disclosed information

During January – June of year 2018 the Company announced following essential events:

2018-02-27 Preliminary not audited activity results of twelve months of year 2017 of Company AB "Linas" and Group of companies. AB "Linas" not audited consolidated interim information of twelve months of year 2017;

2018-03-21 Regarding the resignation of Audit committee member;

2018-04-06 AB "Linas" the Ordinary General Meeting of Shareholders convocation;

2018-04-09 Draft Resolutions of the Annual General Meeting of Shareholders;

2018-04-09 AB "Linas" got the dividends;

2018-04-30 AB "Linas" General Meeting of Shareholders didn't take place. Repeated General Meeting of Shareholders will be held on May 16, 2018;

2018-04-30 Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB "Linas";

2018-05-16 Resolutions of Repeated Annual General Meeting of Shareholders;

2018-05-16 Annual report for 2017;

2018-05-31 Activity results of three months of year 2018 of company AB "Linas" and Group of companies. AB "Linas" not audited consolidated interim information of three months of year 2018.

All information on material events made public during 2018 is available on the AB "Linas" webpage www.linas.lt.

Director Vilita Skersiene

LINAS AB INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE SIX MONTHS OF 2018

2018 06 30

SUMMARY

Consolidated Statement of Financial Position 3
Consolidated Statement of Profit or Loss and Other Comprehensive Income 5
Consolidated Statement of Changes in Equity 6
Consolidated Statement of Cash Flows 7
Explanatory Memorandum 8

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Formulated according to TFAS, not audited

	Current period 01 01 2018 - 30 06 2018		EUR
Article		2018-06-30	2017-12-31
No.	Article
	Assets
A.	Fixed assets	3.474.287	3.522.170
1.	Intangible assets	54.947	57.420
1.1.	Assets arising from development	0	0
1.2.	Goodwill	0	0
1.3.	Software	54.947	57.420
1.4.	Concessions, patents, licences, trade marks and similar rights	0	0
1.5.	Other intangible assets	0	0
1.6.	Advance payments	0	0
2.	Tangible assets	2.087.640	2.148.992
2.1.	Land	0	0
2.2.	Buildings and structures	1.254.068	1.301.100
2.3.	Machinery and plant	374.633	404.798
2.4.	Vehicles	38.412	44.813
2.5.	Other equipment, fittings and tools	18.493	18.185
2.6.	Investment property	373.901	373.901
2.6.1.	Land	373.901	373.901
2.6.2.	Buildings	0	0
2.7.	Advance payments and tangible assets under construction (production)	28.133	6.195
3.	Financial assets	1.331.647	1.315.704
3.1.	Shares in entities of the entities group	0	0
3.2.	Loans to entities of the entities group	0	0
3.3.	Amounts receivable from entities of the entities group	0	0
3.4.	Shares in associated entities	0	0
3.5.	Loans to associated entities	1.298.946	1.281.283
3.6.	Amounts receivable from the associated entities	32.412	34.131
3.7.	Long-term investments	290	290
3.8.	Amounts receivable after one year	0	0
3.9.	Other financial assets	0	0
4.	Other fixed assets	53	54
4.1.	Assets of the deferred tax on profit	53	54
4.2.	Biological assets	0	0
4.3.	Other assets	0	0
B.	Current assets	6.794.917	6.817.742
1.	Stocks	4.302.169	4.484.437
1.1.	Raw materials, materials ir consumables	2.166.522	2.582.300
1.2.	Production and work in progress	28.478	21.513
1.3.	Finished goods	2.026.384	1.789.291
1.4.	Goods for resale	798	1.537
1.5.	Biological assets	0	0
1.6.	Fixed tangible assets held for sale	0	0
1.7.	Advance payments	79.987	89.796
2.	Amounts receivable within one year	1.839.783	1.678.647
2.1.	Trade debtors	1.554.403	1.440.849
2.2.	Amounts owed by entities of the entities group	0	0
2.3.	Amounts owed by associates entities	56.977	60.653
2.4.	Other debtors	228.403	177.145
3.	Short-term investments	0	0
3.1.	Shares in entities of the entities group	0	0
3.2.	Other investments	0	0
4.	Cash and cash equivalents	652.965	654.658
C.	Prepayments and accrued income	24.348	47.181
	Total assets	10.293.552	10.387.093

Article No.	Article	2018-06-30	2017-12-31
	Equity and liabilities
D.	Equity	8.080.927	7.743.902
1.	Capital	6.971.307	6.971.307
1.1.	Authorised (subscribed) or primary capital	6.971.307	6.971.307
1.2.	Subscribed capital unpaid (–)	0	0
1.3.	Own shares (–)	0	0
2.	Share premium account	0	0
3.	Revaluation reserve	0	0
4.	Reserves	170.290	170.290
4.1.	Compulsory reserve	290	290
4.2.	Reserve for acquiring own shares	0	0
4.3.	Other reserves	170.000	170.000
5.	Retained profit (loss)	939.331	602.305
5.1.	Profit (loss) for the reporting year	337.026	388.251
5.2.	Profit (loss) brought forward	602.305	214.054
6.	Adjustments due to exchange rate change	0	0
7.	Non-controlled part	0	0
E.	Grants, subsidies	0	0
F.	Provisions	0	0
1.	Provisions for pensions and similar obligations	0	0
2.	Provisions for taxation	0	0
3.	Other provisions	0	0
G.	Amounts payable and other liabilities	2.212.625	2.630.134
1.	Amounts payable after one year and other long term liabilities	486.316	486.316
1.1.	Debenture loans	0	0
1.2.	Amounts owed to credit institutions	486.316	486.316
1.3.	Payments received on account	0	0
1.4.	Trade creditors	0	0
1.5.	Amounts payable under the bills and checks	0	0
1.6.	Amounts payable to the entities of the entities group	0	0
1.7.	Amounts payable to the associated entities	0	0
1.8.	Other amounts payable and long-term liabilities	0	0
2.	Amounts payable within one year and other short term liabilities	1.726.309	2.143.818
2.1.	Debenture loans	0	0
2.2.	Amounts owed to credit institutions	88.421	176.842
2.3.	Payments received on account	14.379	31.918
2.4.	Trade creditors	514.202	847.926
2.5.	Amounts payable under the bills and checks	0	0
2.6.	Amounts payable to the entities of the entities group	0	0
2.7.	Amounts payable to the associated entities	799.790	733.687
2.8.	Liabilities of tax on profit	0	23.621
2.9.	Liabilities related to employment relations	228.618	259.739
2.10.	Other amounts payable and short-term liabilities	80.899	70.085
H.	Accruals and deferred income	0	13.057
	Total equity and liabilities	10.293.552	10.387.093

Director Vilita Skersiene Chief accountant Gerda Zabarskiene

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Formulated according to TFAS, not audited

	Current period 01 01 2018 - 30 06 2018		EUR
Article		st half I	st half I
No.	Article	of 2018	of 2017
1.	Net turnover	6.432.126	6.597.313
1.1.	Income for sold goods	6.236.978	6.472.210
1.2.	Income for sold services	195.148	125.103
2.	Cost of sales	(5.162.191)	(5.357.182)
2.1.	Cost price of sold production	(5.046.846)	(5.283.024)
2.2.	Cost price of sold services	(115.345)	(74.158)
3.	Fair value adjustments of the biological assets
4.	GROSS PROFIT (LOSS)	1.269.935	1.240.131
5.	Selling expenses	(342.057)	(416.329)
6.	General and administrative expenses	(709.758)	(651.150)
7.	Other operating results	111.382	114.586
7.1.	Income	553.545	509.229
7.2.	Expenses	(442.163)	(394.643)
	Income from investments to the shares of
8.	parent, subsidiaries and associated entities
	Income from other long-term investments and
9.	loans	17.662	17.662
10.	Other interest and similar income	11.286	2
11.	The impairment of the financial assets and
	short-term investments
12.	Interest and other similar expenses	(21.424)	(34.863)
13.	PROFIT (LOSS) BEFORE TAXATION	337.026	270.039
14.	Tax on profit
15.	PROFIT (LOSS) BEFORE MINORITY	337.026	270.039
	INTEREST SEPARATION
16.	NON-CONTROLLED PART
17.	NET PROFIT (LOSS)	337.026	270.039
18.	OTHER COMPREHENSIVE INCOME
19.	Earnings (loss) per share	0,01	0,01

Director Vilita Skersiene

Chief accountant Gerda Zabarskiene

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Current period 01 01 2018 - 30 06 2018										EUR
					Revaluation
					reserve (results)	Law covered reserves
				Long	Financial	Obligatory Proprietar
				term	assets		y shares
			Pro	tangib			procure		Profit
	Paid-up		prietary	le			ment		(loss)
	authorized	Additions	shares	assets				Other	brought
	capital	to shares	(-)					reserves	forward	Total
	1	2	3	4	5	6	7	8	9	10
Remainder on 31 December, 2016	6.971.307					290		170.000	214.054	7.355.651
Profit (loss) not
recognised in the
statement of profit or
loss and other
comprehensive income
Net profit (loss) of the
reporting period									270.039	270.039
Formed reserves								170.000	(170.000)
Liquidates reserves								(170.000)	170.000
Remainder on 30
June, 2017	6.971.307					290		170.000	484.093	7.625.690
Profit (loss) not
recognised in the
statement of profit or
loss and other
comprehensive income
Net profit (loss) of the									118.212	118.212
reporting period
Formed reserves
Liquidates reserves
Remainder on 31	6.971.307					290		170.000	602.305	7.743.902
December, 2017
Profit (loss) not
recognised in the
statement of profit or
loss and other
comprehensive income
Net profit (loss) of the									337.026	337.026
reporting period
Formed reserves
Liquidates reserves
Remainder on 31 March, 2018	6.971.307					290		170.000	939.331	8.080.927

Director Vilita Skersiene

Chief accountant Gerda Zabarskiene

CONSOLIDATED STATEMENT OF CASH FLOWS

Current period 01 01 2018 - 30 06 2018

Article Articles Ist half No. of 2018 I. Cash flows from operating activities I.1. Cash inflows of the reporting period (VAT included) 6.856.666 I.1.1. Cash inflows from customers 6.773.234 I.1.2. Other inflows 83.432 I.2. Cash outflows of the reporting period (6.680.734) I.2.1. Cash paid to suppliers of raw materials, goods and services (VAT included) (5.816.857) I.2.2. Cash outflows related to employment relations (751.022) I.2.3. Taxes paid into the budget (31.793) I.2.4. Other payments (81.062) Net cash flows from operating activities 175.932 II. Cash flows from investing activities II.1. Acquisition of fixed assets (excluding investments) (79.893) II.2. Disposal of fixed assets (excluding investments) 0 II.3. Acquisition of long-term investments 0 II.4. Disposal of long-term investments 0 II.5. Loans granted 0 II.6. Loans recovered 0 II.7. Dividends received 0 II.8. Interest received for loans granted and investment 0 II.9. Other increases in cash flows from investing activities 0 II.10. Other decreases in cash flows from investing activities 0 Net cash flows from investing activities (79.893) III. Cash flows from financing activities	Ist half of 2017 7.679.222 7.402.995 276.227
	(7.834.733)
	(6.932.985)
	(769.548)
	(68.937)
	(63.263)
	(155.511)
	(43.526)
	0
	0
	0
	0
	38.433
	0
	0
	170
	0
	(4.923)
III.1. Cash flows related to entity's owners 0	0
III.1.1. Issue of shares 0	0
III.1.2. Owner's contributions to cover losses 0	0
III.1.3. Purchase of own shares 0	0
III.1.4. Dividends paid 0	0
III.2. Cash flows related to other financing sources (100.049)	186.173
III.2.1. Increase in financial debts 0	293.535
III.2.1.1. Loans received from credit institutions 0	293.535
III.2.1.2. Loans received from associated and third parties 0	0
III.2.1.3. Issue of bonds 0	0
III.2.2. Decrease in financial debts (100.049)	(107.362)
III.2.2.1. Loans returned to credit institutions (88.421)	(92.336)
III.2.2.2. Loans returned to associated and third parties 0	0
III.2.2.3. Redemption of bonds 0	0
III.2.2.4. Interest paid (11.628)	(15.026)
III.2.2.5. Finance leases payments 0	0
III.2.3. Interests received for bank accounts 0	0
III.2.4. Increase in other liabilities of the entity 0	0
III.2.5. Decrease in other liabilities of the entity 0	0
III.3. Other increases in cash flows from financing activities 0	0
III.4. Other decreases in cash flows from financing activities (2)	(616)
Net cash flows from financing activities (100.051)	185.557
Adjustments due to exchange rates on the balance of cash and cash IV. 2.319 equivalents	(12.534)
V. Increase (decrease) of net's cash flows (1.693)
VI. Cash and cash equivalents at the beginning of the period 654.658
VII. Cash and cash equivalents at the end of the period 652.965	12.589 228.281

Director Vilita Skersiene Chief accountant Gerda Zabarskiene

EXPLANATORY MEMORANDUM OF INTERIM CONSOLIDATED FINANCIAL STATEMENTS

30 June, 2018

1. General

The Linas company was launched in 1957. A public limited company Linas (further called the Company) was registered on 8 March, 1993, the number of registration is 003429, registration code 147689083, the data are stored with the Register of Legal Entities. The Company is the company of limited property liability. Address: S.Kerbedzio Street 23, Panevezys; LT-35114. Telephone (370-45) 506100, fax (370-45) 506345. E-mail address: office@linas.lt; web page: www.linas.lt .

As of 30st of June, 2018, the Linas AB group of companies (further called as the Group) consisted of holding company Linas AB and it's affiliated company UAB Lino apdaila. UAB Lino apdaila was registered on May 23, 2008 at Legal entity register, registration No.114552, company code 301733421. Affiliated company is registered at address S. Kerbedzio Street 23, Panevezys. AB Linas own 100 % of affiliated company shares.

The shares of Linas AB are included into the current sales list of AB NASDAQ OMX Vilnius.

Authorized capital of Linas AB is 6.971.307,10 Eur, it is divided into 24.038.990 ordinary registered shares the nominal value of which is 0,29 Eur, there are no issued and not paid shares. There were no changes in authorized capital during accounting period.

The Company and its affiliated company do not have subsidiaries and representatives.

On 30st of June, 2018 the average number of listed employees of the Group was 142, on 30st of June, 2017 – 157 employees.

The Group's main activity is the production and sale of textiles. The main activities of the public limited liability company "Linas" are trading in linen textiles and provision of services; other activities carried out by the Company are the management of financial assets (shares and granted loans), heat supply, rental of property, revenues from accounting and administration services. The activities of UAB "Lino apdaila" are the provision of textile production services, i.e. textile production sewing services.

Linas AB group of companies offers to the customer all yarn dyeing, weaving, finishing and sewing services from the linen yarn preparation for weaving to final product presentation. The main incomes of Group of companies of six months of year 2018 were received from the services of textile items production and textile items sales activities. Linas AB group of companies sold linen textile goods and services for 6.432 thousand Eur during the 6 months of 2018. Comparing to the 6 months of 2017 the volume of sales decreased by 165 thousand Eur or 2,5 %.

During the 6 months of year 2018 the Group ordered to produce or to treat technologically: linen and tow yarns – 29 tons (6 months of year 2017 – 41 tons); raw fabrics – 354 thousand mtrs (6 months of year 2017 – 426 thousand mtrs); ready made fabrics – 1.036 thousand mtrs (6 months of year 2017 – 1.121 thousand mtrs). 29,9 % of all produced fabrics were used for sewn items during 6 months of year 2018 (6 months of year 2017 – 34,5 %).

During 6 months of year 2018 the Group produced 528 thousand pcs sewn items (during 6 months of year 2017 – 661 thousand pcs), using 327 thousand mtrs of ready made fabrics (during 6 months of year 2017 – 391 thousand mtrs).

The volume of exports during 6 months of 2018 was 79 % of the total product sales.

AB "Linas" Group of companies offers linen, half linen, white, dyed, printed, jacquard, double-sided, striped and checked fabrics, various fabric weaving and finishing methods for home textile and garments. 39 % of all products are sold as sewn items. Produced items are ecologically clean and have exceptional characteristics. AB "Linas" group of companies produces and supplies reliable linen textile items for the customers who evaluate natural and modern combination, high quality of products, flexibility, production acc.to the individual orders, execution speed of orders.

During six months of 2018 the Group received 337 thousand Eur profit before taxation, the result of the same period of 2017 was 270 thousand Eur profit.

Acc.to the decision (dated April 9, 2018) of the only one shareholder of UAB "Lino apdaila", 600 thousands EUR were assigned to AB "Linas" to pay the dividends.

145 thousand Eur credit sum is granted to the Company acc.to the account lending contract which was signed between the bank and AB "Linas" on 2012 04 10. Company's reserves, the balancing value of which are 1.448 thousand Eur acc.to the mortgage sheets, are mortgaged for the credit sum. UAB "Lino apdaila" is guarantee for all credit sum and term to ensure credit sum. The validation term of account credit contract is till March 31, 2023. Alternate interests are paid for used credit, which are accounted as three months term Eur EURIBOR plus bank margin.

Acc.to the financial obligations limit contract signed between the bank and AB "Linas" on 07 10 2013, the credit of 290 thousand Eur is granted to the Company, for which company resources are mortgaged with the latest mortgage, the balance value of which acc.to the mortgage sheets are 1.448 thousand Eur. For the insurance of credit sum the warranty for all credit sum and term is received from UAB "Lino apdaila". The validation term of the financial obligations limit contract is till October 10, 2018. Alternate interests are paid for used credit, which are accounted as six months term Eur EURIBOR plus bank margin.

According to the credit agreement, concluded on 26 09 2016 between the bank and Linas AB, the credit, amounting to EUR 840 thousand, was granted to the Company. In order to ensure the performance of the Company's obligations to the bank the maximum mortgage agreement was concluded, according to which the immovable property of Linas AB is mortgaged and suretyship of Lino Apdaila UAB is granted for the entire amount and period of credit. The time period of the credit agreement is till 15 September 2021. Alternate interests are paid for used credit, which are accounted as six months term Eur EURIBOR plus bank margin.

Only significant information is presented in this explanatory memorandum which reflects accounting period economic operations and economic events which have the impact on financial state and results of the Group's accounting period. Data presented in interim financial statements and explanatory memorandum are corresponding International Financial Reporting Standards (IFRS) which are accepted to apply in the European Union (there are no deviation from international standards).

2. Accounting policy

The Group executes accounting and prepares financial statements in accordance with the legal provisions of bookkeeping and accounting, and financial reporting of the Republic of Lithuania, as well as other relevant provisions, including International Financial Reporting Standards (IFRS) which are accepted to apply in the European Union (EU).

Accounting policy was not changed during the interim accounting period. The same accounting guidelines, accounting methods and rules are the same for interim financial statements as for annual financial statements.

2.1. Accounting of investment property

Investment property is held to earn rentals or for capital appreciation or both. Investment property is recognised only when it is probable that the future economic benefits that are associated with the investment property will flow to the Group; and the cost of the investment property can be measured reliably. The Group evaluates under this recognition principle all its investment property costs at the time they are incurred. These costs include costs incurred initially to acquire an investment property and costs incurred subsequently to add to, replace part of, or service a property. All other costs of day-to-day servicing are recognized as general and administrative expenses in the statement of profit or loss and other comprehensive income for the period in which they are incurred.

An investment property is measured initially at its cost. Transaction costs are included in the initial measurement. After initial recognition the Group uses the cost model for all of its investment property – investment property is carried at its cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation of investment property is calculated in the Group using the straight-line method.

Depreciation of investment property is calculated on yearly basis by applying a depreciation rate, which are indicated paying attention to the planned useful time of property's servicing, to the planned intensity of property's usage, to the surrounding of it's usage, foreseen property's liquidity value and other factors.

Upon transfer of the investment property by the Group's companies the result of such transaction, either profit or losses from transfer of property, is being registered. The outcome is determined as the difference between the net disposal proceeds and the carrying amount of the asset and is recognised in profit or loss in the period of the disposal, which is attributed to not typical, i.e. other activity incomes or costs.

The fair value of investment property revealed in financial statements and established according to market features is based on assessment of an independent property appraiser. If the fair value significantly differs from its book value, recalculations are to be made.

More information on investment property has been disclosed in note 3.2. to the Memorandum.

3. Notes of the memorandum

3.1. The information about the changes Group's long-term intangible assets and long-term tangible assets is presented in tables 1 and 2.

3.2. The status of the investment property during the reporting period is presented in table 2 "Changes of investment property".

3.3. Usual business income of the Group comprises the revenues generated by the sale of the products, i.e. fabrics, sewn items, yarn; by provision of production manufacturing services. The information about textiles items production business branches and geographical areas segments disclosed in tables 3 and 4. It is impossible to attribute property and liabilities of the Group to abstracted segments.

3.4. The information on Group's selling, general and administration expenses (Table 5 "Selling expenses, general and administration expenses").

3.5. The information on the cost and revenues of other activity of the Group (Table 6 "Other activity").

3.6. Financial and investment activity of the Group, revenues and costs shown by material items in table 7 "Financial and investment activity".

3.7. Basic the profit for one share is calculated dividing net profit (loss) of period in weighted average of ordinary shares issued during the period. The Group hasn't potentially converting ordinary shares, so the diluted profit attributed to one share correspond the basic profit which is given for one share. The information about the profit which is given for one share is presented in table (Table 8 "Earnings (loss) per share").

3.8. The monetary assets and liabilities items were converted into Eur at the currency rate of the balance making date.

3.9. There are significant events after last interim accounting period day.

The company related to the Group, bancrupted individual company of Ramunas Lenciauskas, has been unregistered from the list of Juridical persons.

CHANGES OF LONG-TERM INTANGIBLE ASSETS

							EUR
Indicators	Assets arising from developme nt	Goodwill	Software	Concessions, patents, licences, trade marks and similar rights	Other intangible assets	Advance payments	Total
Residual value at the end of previous financial year			57.420				57.420
a) Procurement cost price of fixed intangible assets
At the end of previous financial year			139.035		1.296		140.331
Changes of financial year			(38.181)				(38.181)
· Procurement of assets			1.804				1.804
· Written-off property because of the accounting evaluation change (-)
· Assets, transferred to other individuals and discarded (-)			(39.985)				(39.985)
· Transcription from one article to another +/(-)
At the end of interim accounting period			100.854		1.296		102.150
b) Amortization
At the end of previous financial year			81.615		1.296		82.911
Changes of financial year			(35.708)				(35.708)
· Written-off property because of the accounting evaluation change (-)							0
· Financial year amortization			4.276				4.276
· Restorational records (-)							0
· Assets, transferred to other individuals and discarded (-)			(39.984)				(39.984)
· Transcription from one article to another +/(-)							0
At the end of interim accounting period			45.907		1.296		47.203
c) Residual value at the end of interim accounting period (a) - (b)			54.947				54.947

CHANGES OF LONG-TERM TANGIBLE ASSETS

Indicators	Land	Buildings and structures	Machinery and plant	Vehicles	Other equipment, fittings and tools	Investment property	Advance payments and tangible assets under constructi on (producti on)	Total
Residual value at the end of previous financial year		1.301.100	404.798	44.813	18.185	373.901		6.195 2.148.992
a) Procurement of cost price fixed tangible assets
At the end of previous financial year		1.406.342	1.314.099 172.223		56.013	415.901		6.195 3.370.773
Changes of financial year			8.530		(762)		21.938	29.706
· Procurement of assets					3.764		31.228	34.992
· Written-off property because of the accounting evaluation change (-)
· Assets, transferred to other individuals
and discarded (-)					(4.526)			(4.526)
· Transcription to short-time assets +/(-)
· Transcription from one article to
another +/(-)			8.530				(9.290)	(760)
At the end of interim accounting period		1.406.342	1.322.629 172.223		55.251	415.901		28.133 3.400.479
b) Revaluation At the end of previous financial year						(42.000)		(42.000)
Changes of financial year
· Increase (decrease) of value +/(-)
· Assets, transferred to other individuals
and discarded (-) · Transcription from one article to
another +/(-)
At the end of interim accounting period						(42.000)		(42.000)
c) Depreciation (-)
At the end of previous financial year		105.242		909.301 127.410	37.829			1.179.782
Changes of financial year		47.032	38.696	6.400	(1.071)			91.057
· Written-off property because of the accounting evaluation change (-)
· Depreciation of financial year		47.032	38.696	6.400	3.375			95.503
· Restorational records (-)
· Assets, transferred to other individuals and discarded (-)					(4.446)			(4.446)
· Transcription from one article to another +/(-)
At the end of interim accounting period		152.274		947.997 133.810	36.758			1.270.839
d) Decrease of value
At the end of previous financial year
Changes of financial year
· Decrease of value of financial year
· Restoration records (-)
· Assets, transferred to other individuals
and discarded (-)
· Transcription from one article to
another +/(-)
At the end of interim accounting period
e) Residual value at the end of interim accounting period (a) + (b) - (c) - (d)		1.254.068	374.632	38.413	18.493	373.901		28.133 2.087.640

									Table 4	EUR		All enterprises	of 2017 Ist half
													of 2018 Ist half
EUR			of 2017 Ist half	6.597.313	5.357.182	1.240.131	1.067.479	172.652					of 2017 Ist half
		All enterprises	of 2018 Ist half	6.432.126	5.162.191	1.269.935	1.051.815	218.120	MS PRODUCTION			Other countries	of 2018 Ist half
			of 2017 Ist half	125.103	74.158	50.945		50.945				Lithuania	of 2017 Ist half
		Production services	of 2018 Ist half	195.117	115.345	79.772		79.772					of 2018 Ist half
			of 2017 Ist half	27.248	26.350	898		898	MENTS OF TEXTILE ITE		Segments (regions)	USA	of 2017 Ist half
	Yarns Ist half	of 2018	22.739	23.790	(1.051)		(1.051)					of 2018 Ist half
	Segments (production, goods, types of activity)		of 2017 Ist half	2.894.996	2.498.642	396.354		396.354					of 2017 Ist half
		Sewn products	of 2018 Ist half	2.502.607	2.155.404	347.203		347.203				European countries	of 2018 Ist half
			of 2017 Ist half	3.549.966	2.758.032	791.934		791.934	MATION ABOUT GEOGRAPHICAL SEG				of 2017 Ist half
		Fabrics	of 2018 Ist half	3.711.663	2.867.652	844.011		844.011	INFOR			Scandinavian countries	of 2018 Ist half
		Indicators		Income	Cost price	Gross profit (losses)	Selling expenses, general and administrative expenses	Profit (looses) on main activity				Indicators

INFORMATION ABOUT SEGMENTS OF TEXTILE PRODUCTS PRODUCTION BUSINESS

Gross profit (losses)

Selling expenses, general and administrative expenses Profit (looses) on main activity

119.047

136.059

263.705

315.525

59.281

52.591

481.985

525.569

316.113

240.192

6.597.313 5.357.182 1.240.131 1.067.479 172.652

6.432.126 5.162.191 1.269.935 1.051.815 218.120

713.746 594.699 119.047

730.459 594.400 136.059

1.160.362 896.657 263.705

1.378.714 1.063.189 315.525

144.902 85.621 59.281

200.961 148.371 52.591

3.237.243 2.755.258 481.985

3.084.794 2.559.225 525.569

1.341.060 1.024.947 316.113

1.037.198 797.006 240.192

Income Cost price

SELLING EXPENSES, GENERAL AND ADMINISTRATIVE EXPENSES

			EUR
Run No.	Indicators	Ist half of 2018	Ist half of 2017
1	Selling expenses	342.057	416.329
1.1	Expenses on commissions	113.358	144.595
1.2	Expenses on transporting of sold production	14.458	33.877
1.3	Expenses on production advertising and fair	81.370	72.489
1.4	Expenses on sales number employees wage and other with employees related relations	109.256	143.693
1.5	Evaluate of customers creditworthiness and insurance costs of marketable credits	10.557	10.349
1.6	Other sales expenses	13.058	11.326
2	General and administrative expenses	709.758	651.150
2.1	Expenses related with employees wage and other with employees related relations	311.747	323.443
2.2	Training costs of administration employees	4.520	5.144
2.3	Rent, exploitation and repairing expenses	240.358	158.139
2.4	Expenses of security services	16.291	16.291
2.5	Expenses of deterioration and amortization of non-current asset	39.316	38.320
2.6	Expenses of info technologies	16.793	13.428
2.7	Connection expenses	6.205	6.249
2.8	Expenses of bank services	10.368	9.984
2.9	Legal services expenses	3.187	7.930
	2.10 Expenses of support provided	2.442	6.430
	2.11 Expenses of social guarantees, stated in collective agreement	3.234	865
	2.12 Representation expenses	5.490	7.147
	2.13 Expenses of activity tax	7.012	3.764
	2.14 Low-value assets acquisition expenses	4.072	6.983
	2.15 Expenses of impairment of assets	171	0
	2.16 Various other general and administrative expenses	38.552	47.033
3	TOTAL SELLING EXPENSES, GENERAL AND ADMINISTRATIVE EXPENSES	1.051.815	1.067.479

OTHER ACTIVITY

			EUR
Run.No.	Indicators	Ist half of 2018	Ist half of 2017
1.	INCOME OF OTHER ACTIVITY - TOTAL	553.545	509.229
	Specification of significant amount:
	1.1. Profit of non-current asset transferring		0
	1.2. Income of various storages selling	29.721	35.053
	1.3. Income of rent	104.396	106.494
	1.4. Income for accounting and administration services	22.800	20.400
	1.5. Income for thermal heating supply	396.311	331.424
	1.6. Earnings from advance payments of buyers written off financial accounting		15.294
	1.7. Various other non-typical activity income	317	564
2.	EXPENSES OF OTHER ACTIVITY - TOTAL	442.163	394.643
	Specification of significant amount:
	2.1. Loss of non-current asset transferring
	2.2. Net cost of sold various storages	16.275	17.903
	2.3. Net cost of rent	43.547	57.390
	2.4. Costs for accounting and administration services	47.579	28.794
	2.5. Costs for thermal heating supply	334.619	290.434
	2.6. Various other non-typical activity expenses	143	122
3.	RESULTS OF OTHER ACTIVITY (1-2)	111.382	114.586

Table 7

FINANCIAL AND INVESTMENT ACTIVITY

			EUR
Run.No.	Indicators	Ist half of 2018	Ist half of 2017
1.	FINANCIAL AND INVESTMENT ACTIVITY
	INCOME - TOTAL	28.948	17.664
	Specification of significant amount:
	Investments incomes into the shares of patronise,
1.1.	patronized and associated companies
	1.2. Incomes of other long-term investments and loans	17.662	17.662
	1.2.1. Income of other interests	17.662	17.662
	1.2.2. Income of bank interests
	1.3. Incomes of other interest or similar incomes	11.286	2
	1.3.1. Fines and penalties for the drawn debts	946	0
	1.3.2. Positive result of changes of currency exchange	10.340	0
	1.3.3. Income of other financial-investment activity		2
2.	FINANCIAL AND INVESTMENT ACTIVITY
	EXPENSES - TOTAL	21.424	34.863
	Specification of significant amount:
	Value decrease of financial property and short-term
2.1.	investments
	2.2. Costs of interest and other similar costs	21.424	34.863
	2.2.1. Expenses of interest	11.628	15.026
	2.2.2. Fines and delay fees	456	58
	2.2.3. Negative result of changes of currency exchange	9.449	18.824
	2.2.4. Expenses of currency buying-selling		616
	2.2.5. Expenses of other financial-investment activity	(109)	339
3.	FINANCIAL AND INVESTMENT
	ACTIVITY RESULT (1-2)	7.524	(17.199)

EARNINGS (LOSS) PER SHARE

Run. No.		GROUP
	Indicators	Ist half of 2018	Ist half of 2017
1.	Weighted average number of ordinary shares	24.038.990	24.038.990
2.	Net profit (loss), in EUR	337.026	270.039
3.	Basic and diluted earnings (loss) per share, in EUR	0,01	0,01