Luka PLOČE d.d.

Quarterly Report • May 3, 2013

LUKA PLOČE d.d. Trg kralja Tomislava 21 20 340 Ploče OIB: 51228874907

LUKA PLOČE d.d.

UNAUDITED NON-CONSOLIDATED REPORT FOR PERIOD FROM 01.01. UNTIL 31.03.2013.

Ploče, April 2013.

CONTENTS:

a) UNAUDITED NON-CONSOLIDATED FINANCIAL STATEMENTS:

• Balance sheet
• P&L (profit and loss account)
• Cash flow statement
• Change in capital statement

b) STATEMENTS OF PERSONS RESPONSIBLE FOR PREPARING OF FINANCIAL REPORTS

Appendix 1 Reporting period:		01.01.2013.	to		31.03.2013.
Quarterly financial report of entrepreneur - TFI-POD
Registration number (MB)	03036138
Identification number of subject	0900065233
Personal identification number (OIB)	5122874907
	Issueer company: LUKA PLOČE d.d.
Postal code and place	20340	PLOČE
	Street and number TRG KRALJA TOMISLAVA 21
	E-mail address: financije@luka-ploce.htnet.hr
	Internet adress: www.luka-ploce.hr
Code and name of comune/town	PLOČE 335
Code and county name	19	DUBROVAČKO-NERETVANSKA			Number of employees	554
Consolidated statement	NO				(at quarter end) NKD/NWC code:	5224
Subsidiaries subject to consolidation (according to IFRS):					Personal identification number (OIB)
Book keeping service:
Contact person:	DODIG ŽELJKA
Phone number:	(fill in only surname and name of contact person) 020 603 223			Fascimile:	020 679 170
E-mail address:
Surname and name PAVLOVIĆ IVAN
	(authorised person for representation)
Disclosure documents:	1. Financial statements (balance sheet, profit and loss account, cash flow statement, statement of changes in
	capital and notes to the financial statements 2. Statement of persons responsible for preparation of financial statements
	3. Report of the Management Board on position of the Company
		M.P.			(signed by authorised person for representation)

BALANCE SHEET as at 31.03.2012.

Item	AOP code	Last year (net)	Current year (net)
1	2	3	4
ASSETS
A) RECEIVABLES FOR SUBSCRIBED BUT NOT PAID-IN CAPITAL	001
B) LONG-TERM ASSETS (003+010+020+029+033) I. INTANGIBLE ASSETS (004 to 009)	002	134.510.749 0	135.952.012 0
1. Assets development	003 004
2. Concessions, patents, licences fees, trade and service marks, software and other rights	005
3. Goodwill	006
4. Prepayments for purchase of intangible assets	007
5. Intangible assets in preparation	008
6. Other intangible assets	009
II. TANGIBLE ASSETS (011 to 019)	010	105.315.170	105.896.022
1. Land	011	2.138.881	2.138.881
2. Buildings	012	9.097.803	9.050.552
3. Plant and equipment	013	82.801.970	80.979.375
4. Tools, facility inventory and transport assets	014	6.121.690	6.338.082
5. Biological assets	015
6. Prepayments for tangible assets	016		2.258.321
7. Tangible assets in progress	017
8. Other tangible assets	018
9. Investments in buildings	019	5.154.826	5.130.811
III. LONG-TERM FINANCIAL ASSETS (021 to 028)	020	25.452.256	26.312.667
1. Investments (shares) with related parties	021	21.337.876	22.137.876
2. Loans given to related parties	022	3.731.367	3.791.778
3. Participating interest (shares) 4. Loans to entrepreneurs in whom the entity holds participating interests	023	79.500	79.500
5. Investments in securities	024 025
6. Loans, deposits and similar assets	026	303.513	303.513
7. Other long - term financial assets	027
8. Investments accounted by equity method	028
IV. RECEIVABLES (030 to 032)	029	3.743.323	3.743.323
1.Receivables from related parties	030
2. Receivables from based on trade loans	031	3.743.323	3.743.323
3. Other receivables	032
V. DEFERRED TAX ASSETS	033
C) SHORT TERM ASSETS (035+043+050+058)	034	299.558.657	296.106.345
I. INVENTORIES (036 to 042)	035	1.060.481	1.081.207
1. Raw-material and supplies	036	1.060.481	1.081.207
2. Work in progress	037
3. Finished goods	038
4. Merchandise	039
5. Prepayments for inventories	040
6. Long - term assets held for sales	041
7. Biological assets II. RECEIVABLES (044 to 049)	042
1. Receivables from related parties	043 044	34.765.790 12.783.245	41.211.345 12.549.470
2. Accounts receivable	045	20.511.102	25.966.702
3. Receivables from participating parties	046	625	75.962
4. Receivables from employees and members of related parties	047
5. Receivables from government and other institutions	048	767.708	1.286.772
6. Other receivables	049	703.110	1.332.439
III. SHORT TERM FINANCIAL ASSETS (051 to 057)	050	243.610.677	225.831.513
1. Shares (stocks) in related parties	051
2. Loans given to related parties	052
3. Participating interests (shares)	053	416.694	416.694
4. Loans to entrepreneurs in whom the entity holds participating interests	054
5. Investments in securities	055
6. Loans, deposits, etc.	056	243.193.983	225.414.819
7. Other financial assets	057
IV. CASH AT BANK AND IN CASHIER	058	20.121.709	27.982.280
D) PREPAID EXPENSES AND ACCRUED REVENUE	059
E) TOTAL ASSETS (001+002+034+059) F) OFF-BALANCE RECORDS	060 061	434.069.406	432.058.357

Item		Last year (net)	Current year (net)
1	2	3	4
LIABILITIES AND CAPITAL
A) CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	351.832.050	361.060.228
I. SUBSCRIBED CAPITAL	063	169.186.800	169.186.800
II. CAPITAL RESERVES	064	88.107.087	88.107.087
III.RESERVES FROM PROFIT (066+067-068+069+070)	065	36.591.324	36.171.768
1. Reserves prescribed by low	066	5.443.738	5.443.738
2. Reserves for treasury shares	067	8.257.800	7.838.244
3. Treasury stocks and shares (deduction)	068
4. Statutory reserves	069
5. Other reserves	070	22.889.786	22.889.786
IV. REVALUATION RESERVES	071
V. RETAINED EARNINGS OR ACCUMULATED LOSS (073-074)	072	86.626.645	57.946.839
1. Retained earnings	073	86.626.645	57.946.839
2. Accumulated loss	074
VI. PROFIT/LOSS FOR THE CURRENT YEAR (076-077)	075	-28.679.806	9.647.734
1. Profit for the current year	076		9.647.734
2. Loss for the current year	077	28.679.806
IX. MINORITY INTERESTS	078
B) PROVISIONS (080 to 082)	079	4.173.051	4.173.051
1. Provisions for pensions, severance pay, and similar liabilities	080	2.183.436	2.183.436
2. Reserves for tax liabilities	081
3. Other reserves	082	1.989.615	1.989.615
C) LONG - TERM LIABILITIES (084 to 092)	083	36.921.098	37.036.313
1. Liabilities to related parties	084
2. Liabilities for loans, deposits etc.	085
3. Liabilities to banks and other financial institutions	086	34.487.162	34.602.377
4. Liabilities for received prepayments	087
5. Accounts payable	088
6. Liabilities arising from debt securities	089
7. Liabilities to entrepreneurs in whom the entity holds participating interests	090
8. Other long-term liabilities	091	2.433.936	2.433.936
9. Deferred tax liability	092
D) SHORT - TERM LIABILITIES (094 to 105)	093	41.143.207	29.788.765
1. Liabilities to related parties	094	3.635.763	3.839.619
2. Liabilities for loans, deposits etc.	095
3. Liabilities to banks and other financial institutions	096	10.817.434	8.739.983
4. Liabilities for received prepayments	097
5. Accounts payable	098	4.220.401	6.676.809
6. Liabilities arising from debt securities	099	14.192	34.018
7. Liabilities to entrepreneurs in whom the entity holds participating interests	100	2.563.472	392.431
8. Liabilities to employees	101	3.047.463	6.782.558
9. Liabilities for taxes, contributions and similar fees	102	1.440.339	1.322.500
10. Liabilities to share - holders	103
11. Liabilities for long-term assets held for sale	104
12. Other short - term liabilities	105	15.404.143	2.000.847
E) DEFFERED SETTLEMENTS OF CHARGES AND INCOME DEFERRED TO FUTURE PERIOD	106
F) TOTAL – CAPITAL AND LIABILITIES (062+079+083+093+106)	107	434.069.406	432.058.357
G) OFF-BALANCE RECORDS	108
APPENDIX to balance sheet(to be filled in by entrepreneur that prepares consolidated annual financial report)
CAPITAL AND RESERVES
1. Attributed to equity holders of parent company	109	351.832.050	361.060.228
2. Attributed to minority interest	110	0	0

for the period 01.01.2012. to 31.03.2012. PROFIT AND LOSS ACCOUNT

Item	AOP code	Last year		Current year
		Comulative	Quartely	Comulative	Quartely
1	2	3	4	5	6
I. OPERATING REVENUE (112+113)	111	27.607.774	27.607.774	26.340.490	26.340.490
1. Sales revenue 2. Other operating revenues	112	24.891.849 2.715.925	24.891.849 2.715.925	24.611.640 1.728.850	24.611.640 1.728.850
II. OPERATING EXPENSES (115+116+120+124+125+126+129+130)	113 114	27.116.277	27.116.277	24.563.179	24.563.179
1. Changes in value of work in progress and finished products	115
2. Material costs (117 to 119)	116	8.656.761	8.656.761	8.516.736	8.516.736
a) Raw material and material costs	117	3.053.858	3.053.858	2.629.953	2.629.953
b) Costs of goods sold	118
c) Other external costs	119	5.602.903	5.602.903	5.886.783	5.886.783
3. Staff costs (121 to 123)	120	12.854.316	12.854.316	11.892.006	11.892.006
a) Net salaries and wages	121	8.219.035	8.219.035	7.692.022	7.692.022
b) Cost for taxes and contributions from salaries	122	2.739.460	2.739.460	2.610.624	2.610.624
c) Contributions on gross salaries	123	1.895.821	1.895.821	1.589.360	1.589.360
4. Depreciation	124	2.642.340	2.642.340	2.504.505	2.504.505
5. Other costs	125	2.943.146	2.943.146	1.649.932	1.649.932
6. Impairment (127+128)	126	0	0	0	0
a) Impairment of long-term assets (financial assets excluded)	127
b) Impairment of short - term assets (financial assets excluded) 7. Provisions	128
8. Other operating costs	129 130	19.714	19.714
III. FINANCIAL INCOME (132 to 136)	131	0	0	8.132.458	8.132.458
1. Interest income, foreign exchange gains, dividends and similar income from related	132
2. Interest income, foreign exchange gains, dividends and similar income from non -	133			8.132.458	8.132.458
3. Share in income from affiliated entrepreneurs and participating interests	134
4. Unrealized gains (income) from financial assets	135
5. Other financial income	136
IV. FINANCIAL EXPENSES (138 do 141)	137	424.642	424.642	262.035	262.035
1. Interest expenses, foreign exchange losses, dividends and similar expenses from related	138
2. Interest expenses, foreign exchange losses, dividends and similar expenses from non -	139	424.642	424.642	262.035	262.035
3. Unrealized losses (expenses) on financial assets	140
4. Other financial expenses	141
V. INCOME FROM INVESTMENT - SHARE IN PROFIT OF ASSOCIATED ENTREPRENEURS	142
VI. LOSS FROM INVESTMENT - SHARE IN LOSS OF ASSOCIATED ENTREPRENEURS	143
VII. EXTRAORDINARY - OTHER INCOME	144
VIII. EXTRAORDINARY - OTHER EXPENSES	145
IX. TOTAL INCOME (111+131+142 + 144) X. TOTAL EXPENSES (114+137+143 + 145)	146 147	27.607.774 27.540.919	27.607.774 27.540.919	34.472.948 24.825.214	34.472.948 24.825.214
XI. PROFIT OR LOSS BEFORE TAXATION (146-147)	148	66.855	66.855	9.647.734	9.647.734
1. Profit before taxation (146-147)	149	66.855	66.855	9.647.734	9.647.734
2. Loss before taxation (147-146)	150	0	0	0	0
XII. PROFIT TAX	151
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	66.855	66.855	9.647.734	9.647.734
1. Profit for the period (149-151)	153	66.855	66.855	9.647.734	9.647.734
2. Loss for the period (151-148)	154	0	0	0	0
APPENDIX to P&L account (to be filled in by entrepreneur that prepares consolidated financial report)
XIV. PROFIT OR LOSS FOR THE PERIOD
1. Attributed to equity holders of parent company	155
2. Attributed to minority interest	156
STATEMENT OF OTHER COMPREHENSIVE INCOME (IFRS)
I. PROFIT OR LOSS FOR THE PERIOD (= 152) II. OTHER COMPREHENSIVE INCOME / LOSS BEFORE TAX (159 do 165)	157 158	66.855 0	66.855 0	9.647.734 0	9.647.734 0
1. Exchange differences on translation of foreign operations	159
2. Movements in revaluation reserves of long - term tangible and intangible assets	160
3. Profit or loss from reevaluation of financial assets available for sale	161
4. Gains or losses on efficient cash flow hedging	162
5. Gains or losses on efficient hedge of a net investment in foreign countries	163
6. Share in other comprehensive income / loss of associated companies	164
7. Actuarial gains / losses on defined benefit plans	165
III. TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD	166
IV. NET OTHER COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (158-166)	167	0	0	0	0
V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (157+167)	168	66.855	66.855	9.647.734	9.647.734
APPENDIX to Statement of other comprenhensive income (to be filled in by entrepreneur that prepares consolidated financial report)
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
1. Attributed to equity holders of parent company	169
2. Attributed to minority interest	170

STATEMENT OF CASH FLOWS - INDIRECT METHOD for the period 01.01.2012. to 31.03.2012.

Item	AOP	Last year	Current year
1	code 2	3	4
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before tax	001	-28.679.806	9.647.734
2. Depreciation	002	10.471.485	2.504.505
3. Increase in short term liabilities	003	10.306.941
4. Decrease in short term receivables	004	7.146.547	11.279.415
5. Decrease in inventories	005	245.082
6. Other increase in cash flow	006
I. Total increase in cash flow from operating activities (001 to 006)	007	-509.751	23.431.654
1. Decrease in short term liabilities	008		9.276.981
2. Increase in short term receivables	009
3. Increase in inventories	010		20.726
4. Other decrease in cash flow	011	144.807
II. Total decrease in cash flow from operating activities (008 to 011)
A1) NET INCREASE IN CASH FLOW FROM OPERATING ACTIVITIES	012 013	144.807	9.297.707
A2) NET DECREASE IN IN CASH FLOW FROM OPERATING ACTIVITIES	014	0 654.558	14.133.947 0
CASH FLOW FROM INVESTING ACTIVITIES
1. Cash inflows from sales of long-term tangible and intangible assets	015	2.998.769	32.000
2. Cash inflows from sales of equity and debt instruments	016
3. Interests receipts
4. Dividend receipts	017
5. Other cash inflows from investing activities	018
III. Total cash inflows from investing activities (015 to 019)	019
	020	2.998.769	32.000
1. Cash outflow for purchase of long-term tangible and intangible assets	021	95.371	3.085.357
2. Cash outflow for acquisition of equity and debt financial instruments	022
3. Other cash outflow for investing activities	023	4.546.853	800.000
IV. Total cash outflow for investing activities (021 do 023)	024	4.642.224	3.885.357
B1) NET INCREASE IN CASH FLOW FROM INVESTING ACTIVITIES (020-024)	025	0	0
B2) NET DECREASE IN CASH FLOW FROM INVESTING ACTIVITIES	026	1.643.455	3.853.357
CASH FLOW FROM FINANCIAL ACTIVITIES
1. Cash inflow from issuing property and debt financial instruments	027
2. Proceeds from the credit principal, promissory notes, borrowings and other loans	028	337.650	119.543
3. Other proceeds from financial activities	029
V. Total cash inflows from financial activities (027 to 029)	030	337.650	119.543
1. Cash outflow for repayment of credit principal and bonds	031	7.371.380	2.120.006
2. Cash outflow for dividends paid	032
3. Cash outflow for financial lease	033
4. Cash outflow for purchase of treasury shares	034	366.816	419.556
5. Other cash outflow for financial activities	035
VI. Total cash outflow for financial activities (031 to 035)	036	7.738.196	2.539.562
C1) NET INCREASE IN CASH FLOW FROM FINANCIAL ACTIVITIES	037	0	0
C2) NET DECREASE IN CASH FLOW FROM FINANCIAL ACTIVITIES	038	7.400.546	2.420.019
Total increase in cash flow (013 – 014 + 025 – 026 + 037 – 038)	039	0	7.860.571
Total decrease in cash flow (014 – 013 + 026 – 025 + 038 – 037)	040	9.698.559	0
Cash and cash equivalents at the beginning of the period	041	29.820.268	20.121.709
Increase of cash and cash equivalents	042	0	7.860.571
Decrease of cash and cash equivalents	043	9.698.559	0
Cash and cash equivalents at the end of the period	044	20.121.709	27.982.280

STATEMENT OF CHANGES IN EQUITY

for the period 31.3.2012 1.1.2012 to
Item	AOP code	Last year	Current year
1	2	3	4
1. Subscribed capital	001	169.186.800	169.186.800
2. Capital reserves	002	88.107.087	88.107.087
3. Reserves from profit	003	36.591.324	36.171.768
4. Retained earnings or accumulated loss	004	86.562.914	57.946.839
5. Profit or loss for the current year	005	-29.281.725	9.647.734
6. Revaluation of long - term tangible assets	006
7. Revaluation of intangible assets	007
8. Revaluation of financial assets available for sale	008
9. Other revaluation	009
10. Total capital and reserves (AOP 001 do 009)	010	351.166.400	361.060.228
11. Currency gains and losses arising from net investement in foreign operations	011
12. Current and deferred taxes (part)	012
13. Cash flow hedging	013
14. Changes in accounting policy	014
15. Correction of significant errors in prior period	015
16. Other changes of capital	016
17. Total increase or decrease in capital (AOP 011 do 016)	017	0	0
17 a. Attributed to equity holders of parent company	018
17 b. Attributed to minority interest	019

Notes to financial statements

MANAGEMENT LIABILITY STATEMENT

Disclosed financial Statements are compiled in accordance with provisions of the Croatian Accounting Act (Official Gazette 109/07), Company Law ( Official Gazette 111/93, 34/99, 121/99, 52/00, 118/03, 107/07, 146/08, 137/09, 152/11, 111/12, 144/12), Capital Market Act (Official Gazette 88/08, 146/08, 74/09) the Zagreb Stock Exchange Rules, in the form and structure prescribed by the Ordinance on the structure and content of periodic financial reports for Issuers during the year that has been issued by the Croatian Financial Services Supervisory Agency on April 26th 2011. (Official Gazette 47/11).

Financial Statements for year 2013. give a complete and true representation of assets and obligations, losses and gains, financial status and business activities of the Company.

Kap. Ivan Pavlović dipl. ing.

President of the Company's Board