Viro Tvornica ŠEĆERA d.d.

Audit Report / Information • Feb 29, 2020

STATEMENT OF PERSON RESPONSIBLE FOR PRODUCTION OF THE CONSOLIDATED REPORT FOR 3Q 2019

With this statement, in compliance with article 468 of the Law on capital market, I state that to the best of our knowledge

• The set of consolidated financial reports of VIRO TVORNICA ŠEČERA d.d., Zagreb and its subsidiaries for the period I-XII 2019, produced by applying International standards of financial reporting and in compliance with the Croatian Law on Accounting, provides an integral and true overview of assets and liabilities, loss and profit, financial position and operations of the Group.
• The Management report contains a true overview of business results and position of the Group, with a description of the most significant risks and uncertanties to chich the Group is exposed.
• The half year financial reports are not audited.

In Zagreb, on February 27, 2020

RESPONSIBLE PERSON:

PRESIDENT OF THE MANAGEMENT BOARD

Željko Zadro, dipl.oec.

MEMBER OF THE MANAGEMENT BOARD WEMBER OF THE MANAGEMENT BOARD

Darko Krstić, dipl.oec

VORNIC

Ivo Rešić, mr.sc.

Annex 1		ISSUER'S GENERAL DATA
Reporting period:		1.1.2019	to	31.12.2019
Year:		2019
Quarter:		4
		Quarterly financial statements
egistration number (MB):	01650971		Issuer's home Member State code:	HR
Entity's registration number (MBS):	010049135
Personal identification number (OIB):	04525204420		LEI:	5493006LGN8RLWC2UL05
Institution code:	1569
	Name of the issuer: VIRO TVORNICA ŠEĆERA d.d.
Postcode and town:	10000		ZAGREB
	treet and house number: ULICA GRADA VUKOVARA 269G
	E-mail address: info@secerana.hr
	Web address: www.secerana.hr
Number of employees (end of the reporting	୧୧
Consolidated report:	KD	(KN-not consolidated/KD-consolidated)
Audited:	RN	(RN-not audited/RD-audited)
	Names of subsidiaries (according to IFRS):		Registered office:	MB:
	SLADORANA d.o.o.			ŠEČERANA 63, ŽUPANJA 03307484
	SLAVONIJA ŽUPANJA d.d.			J. J. STROSSMAYERA 65, ŽUPANJA 01841009
	VIRO-KOOPERACIJA d.o.o.			ŠEĆERANA 63, ŽUPANJA 02835398
	VIRO BH d.o.o.			HRVATSKIH BRANITELJA 21, GRUDE, BIH 4-01-0029-1
	Bookkeeping firm: No No No (Yes/No)			(name of the bookkeeping firm)
	Contact person: DRAGIC NEVENA
	(only name and surname of the contact person) Telephone: 01 2369 773
	E-mail address: nevena.dragic@secerana.hr
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

BALANCE SHEET

balance as at 31.12.2019.

in HRK

Submitter: VIRO TVORNICA SECERA d.d.
Item	ADP code	Last day of the preceding business vear	At the reporting date of the current period
1	S	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	509.194.205	479.713.858
I INTANGIBLE ASSETS (ADP 004 to 009)	003	6.506.824	35.445
1 Research and development	004	0	0
2 Concessions, patents, licences, trademarks, software and other rights	005	6.506.824	35.445
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	0	0
II TANGIBLE ASSETS (ADP 011 to 019)	010	489.431.518	130.345.837
1 Land	011	38.750.891	31.371.420
2 Buildings	012	217.022.529	43.839.283
3 Plant and equipment	013	148.435.695	17.223.698
4 Tools, working inventory and transportation assets	014	5.573.181	274.686
5 Biological assets	015	0	0
6 Advances for the purchase of tangible assets	016	33.816.284	33.930.280
7 Tangible assets in preparation	017	44.012.331	2.386.376
8 Other tangible assets	018	44.900	44.900
9 Investment property	019	1.775.707	1.275.194
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	13.106.909	349.063.826
1 Investments in holdings (shares) of undertakings within the group	021	5.478.300	343.537.747
2 Investments in other securities of undertakings within the group	022	0	0
3 Loans, deposits, etc. to undertakings within the group	023	3.349.907	315.164
4. Investments in holdings (shares) of companies linked by virtue of			0
participating interests	024	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	026	0	0
interests		908.620	361.758
7 Investments in securities	027		4.849.157
8 Loans, deposits, etc. given	028	3.370.082 0	0
9 Other investments accounted for using the equity method	0729	0	0
10 Other fixed financial assets	030		268.750
IV RECEIVABLES (ADP 032 to 035)	031	148.954 0	0
1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating	0392		0
interests	033	0
3 Customer receivables	034	O	0
4 Other receivables	035	148.954	268.750
V DEFERRED TAX ASSETS	036	0	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	463.884.755	170.764.348
I INVENTORIES (ADP 039 to 045)	033	350.273.647	44.143.565
1 Raw materials and consumables	039	110.029.480	10.747.521
2 Work in progress	040	0	0
3 Finished goods	041	212.599.873	9.727.188
4 Merchandise	042	22.161.980	21.614.897 2.053.959
5 Advances for inventories	043	5.482.314
6 Fixed assets held for sale	044	0	0
7 Biological assets	045	0	0 119.615.786
II RECEIVABLES (ADP 047 to 052)	046	84.405.794	87.076.398
1 Receivables from undertakings within the group	047	12.105.443
2 Receivables from companies linked by virtue of participating interests	048	O	0
3 Customer receivables	049	52.284.738	27.577.676

4 Receivables from employees and members of the undertaking	050	5.364	0
5 Receivables from government and other institutions	051	17.174.886	3.657.636
6 Other receivables	052	2.835.363	1.304.076
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	24.368.793	4.262.778
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	O	0
3 Loans, deposits, etc. to undertakings within the group	056	14.672.297	411.395
4 Investments in holdings (shares) of companies linked by virtue of	057	0	0
participating interests
5 Investment in other securities of companies linked by virtue of participating interests	053	0	0
6 Loans, deposits etc. to companies linked by virtue of participating	059	0	0
interests
7 Investments in securities	080	0	0 3.759.383
8 Loans, deposits, etc. given	061	8.904.496	92.000
9 Other financial assets	062	792.000 4.836.521	2.742.219
IV CASH AT BANK AND IN HAND	063	3.250.641	2.412.918
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	976.329.601	652.891.124
E) TOTAL ASSETS (ADP 001+002+037+064)	065	1.147.302.721	1.221.979.672
OFF-BALANCE SHEET ITEMS	086
LIABILITES			339.758.694
A) CAPITAL AND RESERVES (ADP 068 to	067	193.664.202	249.600.060
I INITIAL (SUBSCRIBED) CAPITAL	068	249.600.060 10.368.101	10.368.101
II CAPITAL RESERVES	069		51.178.531
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	51.781.966	12.532.960
1 Legal reserves	071	12.532.960	38.620.615
2 Reserves for treasury shares	072	39.231.550 0	0
3 Treasury shares and holdings (deductible item)	073	0	0
4 Statutory reserves	074	17.456	24.956
5 Other reserves	075	0	0
IV REVALUATION RESERVES	076	0	0
V FAIR VALUE RESERVES (ADP 078 to 080)	0777	0	0
1 Fair value of financial assets available for sale	073	0	0
2 Cash flow hedge - effective portion	079	0	0
3 Hedge of a net investment in a foreign operation - effective portion VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082-	080
083)	081	-26.654.267	-123.734.241
1 Retained profit	082	0	0
2 Loss brought forward	083	26.654.267	123.734.241
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085-086)	084	-96.454.000	148.319.493
1 Profit for the business year	085	0	148.319.493
2 Loss for the business year	086	96.454.000	0
VIII MINORITY (NON-CONTROLLING) INTEREST	087	5.022.342	4.026.750
B) PROVISIONS (ADP 089 to 094)	038	3.748.157	3.663.096
1 Provisions for pensions, termination benefits and similar obligations	089	0	0
2 Provisions for tax liabilities	090	0	0
3 Provisions for ongoing legal cases	091	453.209	368.150
4 Provisions for renewal of natural resources	092	0	0
5 Provisions for warranty obligations	093	0	0
6 Other provisions	094	3.294.948	3.294.946
C) LONG-TERM LIABILITIES (ADP 096 to 106)	095	96.886.212	14.525.529
1 Liabilities to undertakings within the group	096	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	097	O	0
3 Liabilities to companies linked by virtue of participating interests	098	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of			0
participating interests	099	O
5 Liabilities for loans, deposits etc.	100	347.225	96.670
6 Liabilities to banks and other financial institutions	101	94.978.340	6.776.858
7 Liabilities for advance payments	102	0	0
8 Liabilities to suppliers	103	0	0

9 Liabilities for securities	104	0	0
10 Other long-term liabilities	105	1.560.647	7.652.001
11 Deferred tax liability	106	0
SHORT-TERM LIABILITIES (ADP 108 to 121)	107	666.715.493	294.746.253
1 Liabilities to undertakings within the group	108	4.350.696	1.039.740
2 Liabilities for loans, deposits, etc. of undertakings within the group	109	0	0
3 Liabilities to companies linked by virtue of participating interests	110	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	111	0	0
5 Liabilities for loans, deposits etc.	112	7.469.807	19.405.577
6 Liabilities to banks and other financial institutions	113	375.011.456	19.633.323
7 Liabilities for advance payments	114	32.038.074	7.561.294
8 Liabilities to suppliers	115	239.997.574	226.674.557
9 Liabilities for securities	116	0	0
10 Liabilities to employees	117	3.294.136	468.801
11 Taxes, contributions and similar liabilities	118	3.979.069	19.314.342
12 Liabilities arising from the share in the result	119	30.963	30.963
13 Liabilities arising from fixed assets held for sale	120	0	0
14 Other short-term liabilities	121	543.718	617.656
E) ACCRUALS AND DEFERRED INCOME	122	15.315.537	197.552
F) TOTAL - LIABILITIES (ADP 067+088+095+107+122)	173	976.329.601	652 891.124
G) OFF-BALANCE SHEET ITEMS	124	1.147.302.721	1.221.979.672

STATEMENT OF PROFIT OR LOSS for the period 01.01.2019. to 31.12.2019.

|Submitter: VIRO TVORNICA ŠEĆERA d.d.

in HRK

Item			Same period of the previous year		Current period
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	દ	6
OPERATING INCOME (ADP 126 to 130)	125	678.601.173	157.465.33	867. 192.030	322.111.497
1 Income from sales with undertakings within the group	126	11.626.231	9.292.692	38.530.542 559.237.302	29.579.768 32.129.596
2 Income from sales (outside group)	127	637.505.540 195.226	138.458.804 97.280	83.981	23.558
3 Income from the use of own products, goods and services	128 129	O	0	241.747.347	241.690.147
4 Other operating income with undertakings within the group 5 Other operating income (outside the group)	130	29.274.176	9.616.555	27.592.858	18.688.428
		804.818.097	240.540.376	712.196.887	108.940.578
II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153)	131			200.062.035
1 Changes in inventories of work in progress and finished goods 2 Material costs (ADP 134 to 136)	132 133	168.333.048 458.299.368	-58.740.785 216.934.138	410.872.660	77.488.004 12.936.259
a) Costs of raw materials and consumables	134	232.437.676	176.452.755	204.480.742	-24.333.153
b) Costs of goods sold	135	165.171.145	26.184.293	169.041.165	25.734.627
c) Other external costs	136	60.690.547	14.297.090	37.350.753	11.534.785
3 Staff costs (ADP 138 to 140)	137	54.517.182	14.134.641	27.37 1.061	-9.875.960
a) Net salaries and wages	138	34.384.346	8.974.137	17.160.049	-6.504.967
b) Tax and contributions from salary costs	139	12.431.424	3.162.850	6.465.247	-2.038.001
c) Contributions on salaries	140	7.701.412	1.997.654	3.745.765	-1.332.992
4 Depreciation	141	51.133.774	11.682.855	23.307.762	-2.964.453
5 Other costs	142	15.300.247	4.186.888	10.739.296	-1.813.960
6 Value adjustments (ADP 144+145)	143	32.995.270	32.995.270	0	0 0
a) fixed assets other than financial assets	144	0	0 32.995.270	0 0	0
b) current assets other than financial assets	145 146	32.995.270 328.471	328.471	0	0
7 Provisions (ADP 147 to 152) a) Provisions for pensions, termination benefits and similar obligations	147	O	0	0	0
b) Provisions for tax liabilities	148	0	0	0	0
c) Provisions for ongoing legal cases	149	0	0	0	0
d) Provisions for renewal of natural resources	150	0	0	0	0
e) Provisions for warranty obligations	151	0	0	0	0
f) Other provisions	152	328.471	328.471	0	0
8 Other operating expenses	153	23.910.737	19.018.898	39.844.073	33.170.688
III FINANCIAL INCOME (ADP 155 to 164)	154	62.436.313	12.279.246	30.862.227	2.445.709
1 Income from investments in holdings (shares) of undertakings within	155	0	0	0	0
the group 2 Income from investments in holdings (shares) of companies linked by					0
virtue of participating interests	156	0	0	0
3 Income from other long-term financial investment and loans granted to	157	742.219	274.429	231.247	4.510
undertakings within the group
4 Other interest income from operations with undertakings within the group	158	O	0	0	0
5 Exchange rate differences and other financial income from operations			0		646.392
with undertakings within the group	159	300.269		721.064
6 Income from other long-term financial investments and loans	160	877.513	124.537	328.059	69.083
7 Other interest income	161	236.448	226.206	748.597	672.384
8 Exchange rate differences and other financial income	162	7.670.632	491.327	2.494.341	235.134
9 Unrealised gains (income) from financial assets	163	300.500	-50.964	41.400 26.297.519	41.400 776.806
10 Other financial income	164	52.308.732	11.213.711	33.290.607	10.931.355
IV FINANCIAL EXPENSES (ADP 166 to 172)	165	33.615.551	7.945.617
1 Interest expenses and similar expenses with undertakings within the group	166	0	0	0	0
2 Exchange rate differences and other expenses from operations with		740.711	43.032	144.956	22.967
undertakings within the group	167
3 Interest expenses and similar expenses	168	28.899.178	7.610.251	25.224.521	6.934.396
4 Exchange rate differences and other expenses	169	3.967.202	283.874	3.441.171	1.837.939
5 Unrealised losses (expenses) from financial assets	170	8.460	8.460	0	0
6 Value adjustments of financial assets (net)	171	0	0	0	0
7 Other financial expenses SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF V	172	0	O	4.479.959	2.136.053
PARTICIPATING INTERESTS	173	0	0	0	0
SHARE IN PROFIT FROM JOINT VENTURES VI	174	0	0	0	0
VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF	175	0	0	0	0
PARTICIPATING INTEREST
VIII SHARE IN LOSS OF JOINT VENTURES	176	0	O	5.194.735 898.054.257	5.194.735 324.557.206
IX TOTAL INCOME (ADP 125+154+173 + 174)	177 178	741.037.486 838.433.648	169.744.577 248.485.993	750.682.229	125.066.668
TOTAL EXPENDITURE (ADP 131+165+175 + 176) PRE-TAX PROFIT OR LOSS (ADP 177-178)	179	-97.396.162	-78.741.416	147.372.028	199.490.538
1 Pre-tax profit (ADP 177-178)	180	0	0	147.372.028	199.490.538

2 Pre-tax loss (ADP 178-177)	181	-97.396.162	-78.741.416	0	0
XII INCOME TAX	182	0	0	0	0
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182)	183	-97.396.162	-78.741.416	147.372.028	199.490.538
1 Profit for the period (ADP 179-182)	184	0	0	147.372.028	199.490.538
2 Loss for the period (ADP 182-179)	135	-97.396.162	-78.741.416	O	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	186	0	0	0	0
(ADP 187-188)
1 Pre-tax profit from discontinued operations	187	0	0	0	0
2 Pre-tax loss on discontinued operations	188	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	189	0	0	0	0 0
1 Discontinued operations profit for the period (ADP 186-189)	190	0	0	0
2 Discontinued operations loss for the period (ADP 189-186)	191	O	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 179+186)	192
1 Pre-tax profit (ADP 192)	193	0	0	0	0
2 Pre-tax loss (ADP 192)	194	0	0	0	0
XVII INCOME TAX (ADP 182+189)	195	0	0	0	0
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 192-195)	196	0	0	0	00
1 Profit for the period (ADP 192-195)	197	0	0	0
2 Loss for the period (ADP 195-192)	198	O	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 200+201)	199	-97.396.162	-78.741.416	147.372.028	199.490.538
1 Attributable to owners of the parent	200	-96.454.000	-77.971.341	148.319.493	199.962.858
2 Attributable to minority (non-controlling) interest	201	-942.162	-770.075	-947.465	-472.320
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	202	-97.396.162	-78.741.416	147.372.028	199.490.538
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX	203	0	0	0	0
(ADP 204 to 211)
1 Exchange rate differences from translation of foreign operations	204	O	0	0	0
2 Changes in revaluation reserves of fixed tangible and intangible assets	205	0	0	0	0
3 Profit or loss arising from subsequent measurement of financial assets	206	0	0	0	0
available for sale
4 Profit or loss arising from effective cash flow hedging	207	0	0	0	0
5 Profit or loss arising from effective hedge of a net investment in a	208	0	0	0	0
foreign operation 6 Share in other comprehensive income/loss of companies linked by
virtue of participating interests	209	0	0	0	0
7 Actuarial gains/losses on the defined benefit obligation	210	0	0	0	0
8 Other changes in equity unrelated to owners	211	0	0	0	0
III TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD	212	0	0	0	0
IV NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212)	213	0	0	0	0
V COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP	214	-97.396.162	-78.741.416	147.372.028	199.490.538
202+213)
APPENDIX to the Statement on comprehensive in be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217)	215	-97.396.162	-78.741.416	147.372.028	199.490.538
1 Attributable to owners of the parent	216	-96.454.000	-77.971.341	148.319.493	199.962.858
2 Attributable to minority (non-controlling) interest	217	-942.162	-770.075	-947.465	-472.320

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2019. to 31.12.2019.

Submitter: VIRO TVORNICA SECERA d.d.
Item	ADP code	Same period of the previous year	Current period
1	ST	30	4
Cash flow from operating activities
1 Pre-tax profit	001	-97.396.162	148.319.493
2 Adjustments (ADP 003 to 010):	002	72.367.561	23.307.762
a) Depreciation	003	51.133.774	23.307.762
b) Gains and losses from sale and value adjustment of fixed tangible and	004	106.116	0
intangible assets c) Gains and losses from sale and unrealised gains and losses and value	005	6.210	0
adjustment of financial assets d) Interest and dividend income	006	-193.294	0
e) Interest expenses	007	21.592.466	0
f) Provisions	008	0	0
g) Exchange rate differences (unrealised)	009	714.920	0
h) Other adjustments for non-cash transactions and unrealised gains and
losses	010	-992.631	0
Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	-25.028.601	174.627.255
3 Changes in the working capital (ADP 013 to 016)	012	84.1977 F	-65.085.547
a) Increase or decrease in short-term liabilities	013	-95.388.676	-10.066.375
b) Increase or decrease in short-term receivables	014	64.813.885	-12.159.970
c) Increase or decrease in inventories	015	135.801.983	-57.515.571
d) Other increase or decrease in working capital	016	-21.029.421	14.656.369
II Cash from operations (ADP 011+012)	017	59.169.170	106.541.708
4 Interest paid	018	-13.973.556	0
5 Income tax paid	019	0	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) Cash flow from investment activities	020	45.195.614	106.541.708
1 Cash receipts from sales of fixed tangible and intangible assets	021	2.914.040	340.408.921
2 Cash receipts from sales of financial instruments	0922	0	0
3 Interest received	023	9.376.270	12.031.908
4 Dividends received	024	125.650	0
5 Cash receipts from repayment of loans and deposits	025	536.924	0
6 Other cash receipts from investment activities	026	17.025.186	56.950.726
III Total cash receipts from investment activities (ADP 021 to 026)	027	29.978.070	409.391.555
1 Cash payments for the purchase of fixed tangible and intangible assets	028	-31.625.817	-23.622.920
2 Cash payments for the acquisition of financial instruments	029	0	0
3 Cash payments for loans and deposits for the period	030	-93.383	0
4 Acquisition of a subsidiary, net of cash acquired	031	0	0
5 Other cash payments from investment activities	032	-12.191.005	0
IV Total cash payments from investment activities (ADP 028 to 032)	033	-43.910.205	-23.622.920
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	-13.932.135	385.768.635
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	399.907.065	97.491.522
4 Other cash receipts from financing activities	038	9.217.808	7.094.735
V Total cash receipts from financing activities (ADP 035 to 038)	039	409.124.873	104.586.257
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	-470.381.688	-592.033.765
2 Cash payments for dividends	041	0	0
3 Cash payments for finance lease	042	-798.048	-405.730
4 Cash payments for the redemption of treasury shares and decrease in	043	-4.635.120	-610.935
initial (subscribed) capital

5 Other cash payments from financing activities	044	-31.837.322	-5.940.472
VI Total cash payments from financing activities (ADP 040 to 044)	045	-507 6527 78	-598.990.902
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046	-98 - 27 - 305	-494.404.645
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047		0
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	048	-67 268 826	-2.094.302
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	049	72.100.347	4.836.521
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	4.836.521	2.742.219

STATEMENT OF CHANGES IN EQUITY	10 21 12 2049
	neriod from 11 2019

to for the period from 1.1.2019	31.12.2019
	ਹੈ ਹੈ	capital	Capital resulties
rious period
1 Balance on the first day of the previous business year 2 Changes in accounting policies	ខ ឧ ន	249,600,060 00	10.368.101	12.532.960	43.866.670		17.456			155.502.891	-176.840.330	295,047	6.132.241	301.180
4 Balance on the first day of the previous business year (restated) (ADP 01 to 3 Correction of ecrors			0
5 Profit/loss of the period (33)	88 90	249.600.000	10.368.101	12.532.960						155,502,891	-176.840.330	295 047.808	6.132.241	301-180 049
from translation of foreign operations 6 Exchange rate differences	8	ల్లాల	000								96.454.000 0	-06.454.00	-942.162	-97.300
7 Changes in revaluation reserves of fixed tangible and intangible assets	10	9
avallable measurement of financial assets subsequent Profit or loss arising from	8	0	0
9 Profit or loss arising from effective cash flow hedge	84	0	0
investment in a foreign operation effective hedge of a nel 10 Profit or loss arising from	04	0	0
income/loss of companies linked by virtue of 11 Share in other comprehensive i participating interests	=	0	0
12 Actuarial gains/losses on the defined benefit obligation 13 Other changes in equity unrelated to owners	ಷ	0	0
14 Tax on transactions recognised directly in equity	ti 2	0 0	0							-176,840,330	176,840
15 Increase/decrease in intial (subscribed) capital (other than from reinvesting profit. and other than arising from the pre-bankruptcy settlement procedure)	15	0	0
( Increase in intilial (subscribed) capital arising from the reinvestment of profit	16	0	0
Increase in initial (subscribed) capital arising from the pro-bankruptcy settlement ocedure	C	0	0
18 Redemption of treasury shares/holdings	81 01	0	0
19 Payment of share in profitidividend 20 Other distribution to owners	8	0 0	0
21 Transfer to reserves according to the annual schedule	ાર	0			-4.635.120					-5.316.826		-9.951.94	-167.737
22 increase in reserves arising from the pre-barkruptcy entiment procedure 23 Balance on the last day of the previous business year reporting parlod (04 to	2 ਪ		0
APPENDUX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by un	that nga	249,600,000 draw up financial etal	10.368.101 ts in accordance	12,532,960 the IFRS)	39.231.550					-20,654,207		188 641.86	5.022.34
I OTHER COMPREHENBIVE INCOME OF THE PREVIOUS PERIOD, NET OF	24	0	0							-176,840,330	176.840.330
TAX (ADP 06 to 14)
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+24)	25	0	0							-178.840.330	80.746.330	00 454.000	-042,102	07.300 107
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED
DIRECTLY IN EQUITY (ADP 15 to 22)	26	0	0		-4.635.120					-5.316.821		-0 051 048	-167.737	-10.110.
Current period a some and a comment		249.600.060	10 368 101	12.532.980	39,231,550		17,456			-26,654,267	-96 454 000	188.641.860	5.022.342	193.664 202
1 Balance on the first day of the current business year 2 Changes in accounting policies 3 Correction of errors	ស ដ ដ ដ	0	00								0 0
		0
29) 4 Balance on the first day of the current business year (restated) (ADP 27 to	0%	249,600 DB0	10.308.101	12,532,900	30,231					-26.654.261	-06 454 000	168,641,880	5.022.342	193.064 202
5 Profit/loss of the period 6 Exchange rate differences from translation of foreign operations	2 18	00	00)								0 148.319.493	148,319.	400 -047.	147.372.021
7 Changes in revaluation reserves of fixed tangible and intangible assets	33	0	0
Profit or loss arising from subsequent measurement of financial assets available for	2
		0	0
9 Profit or loss arising from effective cash flow hedge	35	0	0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	9	0	0
11 Share in other comprehensive income/loss of companies linked by virtue of participating interests 12 Actuarial gaine/losses on the defined benefit obligation	18	0
13 Other changes in equily unrelated to owners	St	0 0	00000							-96.454.000	400 8
	8 8	o
14 Tax on transations recognised directly in equity 15 Increase in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankru	41	0	0
16 Increase in initial (subscribed) capital arising from the reinvestment of profit	ਨ	0	0
17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement
18 Redemption of treasury shares/holdings procedure	a 3	0	0		-610.93							-0101
19 Payment of share in profit/dividend	3	00	0
Transfer to reserves according to the annual schedule 20 Other distribution to owners	81 3	0 0	0 0				7.500			-925.974		-518.474	-48.127
22 Increase in reserves arising from the pre-bankruptcy settlement procedure	8	0	0
23 Balance on the last day of the current business year reporting period (ADP 30 to 481	8	249,500,060	10,368.101	12.532.959	38					-123.734.241	145.319	335,731,94	4.026
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by un I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF	that ge	draw up financial state	me in accordance
(ADP 32 to 40) TAX	50		0							-06, 454,000	06.454.000
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (VOP 31-50) --	51		0							-04 454 000	244,773,493	148.319,493	-947-405	147 372 026
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED	52		0
DIRECTLY IN EQUITY (ADP 41 to 48)					-610 935		7,500			-625.974		-1.229 409	-45 127	-1 277 534