Viro Tvornica ŠEĆERA d.d.

Quarterly Report • May 2, 2019

STATEMENT OF PERSON RESPONSIBLE FOR PRODUCTION OF THE CONSOLIDATED REPORT FOR 1Q 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 ŠEĆERA d.d., Zagreb and its subsidiaries for the period I-III 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.

In Zagreb, on April 29, 2019

RESPONSIBLE PERSON:

PRESIDENT OF THE MANAGEMENT BOARD

Željko Zadro, dipl.oec.

TVORNICA ŠEĆERA d.d.

MEMBER OF THE MANAGEMENT BOARD Darko Krstić, dipl.oec Ivo Rešić, mr.sc.

Annex 1
		ISSUER'S GENERAL DATA
Reporting period:		1.1.2019	to	31.3.2019
Year:		2019
Quarter:		1.
		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	461
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.			ŠEĆERANA 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 and Come	(Yes/No)		(name of the bookkeeping firm)
	Contact person: DRAGIC NEVENA
	(only name and surname of the contact person) Telephone: 033 840 117
	E-mail address: nevena.dragic@secerana.hr
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

BALANCE SHEET balance as at 31.03.2019.

Submitter: VIRO TVORNICA SECERA d.d. Last day of the At the reporting date ADP Item preceding business of the current period code vear 1 2 2 A A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID 001 0 0 B) FIXED ASSETS (ADP 003+010+020+031+036) 002 509.194.205 520,206,439 I INTANGIBLE ASSETS (ADP 004 to 009) 003 6.506.824 6.339.555 1 Research and development 004 0 0 2 Concessions, patents, licences, trademarks, software and other 005 6.506.824 6.339.555 rights 3 Goodwill 006 0 0 0 4 Advances for the purchase of intangible assets 007 0 5 Intangible assets in preparation 0 0 008 0 6 Other intangible assets 0 009 II TANGIBLE ASSETS (ADP 011 to 019) 489.431.518 500.253.356 010 1 Land 011 38.750.891 60.075.695 2 Buildings 012 217.022.529 211.024.905 3 Plant and equipment 148.435.695 013 141.782.643 4 Tools, working inventory and transportation assets 014 5.573.181 5.141.320 5 Biological assets 015 0 0 6 Advances for the purchase of tangible assets 016 33.816.284 33.850.398 7 Tangible assets in preparation 017 44.012.331 46.974.846 8 Other tangible assets 018 44.900 44.900 9 Investment property 019 1.775.707 1.358.649 III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 13.106.909 13.464.574 1 Investments in holdings (shares) of undertakings within the group 021 5.478.300 5.678.300 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 3.386.987 4. Investments in holdings (shares) of companies linked by virtue of 024 0 0 participating interests 5 Investment in other securities of companies linked by virtue of 0 0 025 participating interests 6 Loans, deposits etc. to companies linked by virtue of participating 0 0 026 interests 7 Investments in securities 027 908.620 908.634 8 Loans, deposits, etc. given 028 3.370.082 3.490.653 9 Other investments accounted for using the equity method 029 0 0 0 10 Other fixed financial assets 030 0 148 954 IV RECEIVABLES (ADP 032 to 035) 031 148 954 1 Receivables from undertakings within the group 032 0 0 2 Receivables from companies linked by virtue of participating 0 0 033 interests 3 Customer receivables 034 0 0 4 Other receivables 148.954 148,954 035 V DEFERRED TAX ASSETS 0 036 0 C) CURRENT ASSETS (ADP 038+046+053+063) 037 463 884 755 418 000 941 I INVENTORIES (ADP 039 to 045) 038 350.273.647 316,962,117 1 Raw materials and consumables 039 110.029.480 119.028.860 2 Work in progress 040 0 22.793.639 3 Finished goods 041 212,599,873 138.866.281 4 Merchandise 042 22.161.980 31.017.767 5 Advances for inventories 5.482.314 5.255.570 043 6 Fixed assets held for sale 044 0 0 0 7 Biological assets 045 0 II RECEIVABLES (ADP 047 to 052) 046 84.405.794 80.410.755 1 Receivables from undertakings within the group 12.105.443 047 10.686.653 2 Receivables from companies linked by virtue of participating 048 C 0 interests 3 Customer receivables 049 52.284.738 57.396.507

in HRK

4 Receivables from employees and members of the undertaking	050	5.364	726
5 Receivables from government and other institutions	051	17.174.886	7.449.142
6 Other receivables	052	2.835.363	4.877.727
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	24.368.793	20.023.334
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	056	14.672.297	2.378.198
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	058	0	0
6 Loans, deposits etc. to companies linked by virtue of participating	0-59	0	0
interests
7 Investments in securities	060	0	0
8 Loans, deposits, etc. given	061	8.904.496	17.553.136
9 Other financial assets	062	792.000	92.000
IV CASH AT BANK AND IN HAND	063	4.836.521	604.735
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	3.250.641	2.987.300 941.194.680
E) TOTAL ASSETS (ADP 001+002+037+064) OFF-BALANCE SHEET ITEMS	065 066	976.329.601 1.147.302.721	1.147.461.980
LIABILITIES
A) CAPITAL AND RESERVES (ADP 068 to	067	193.664.202	195.916.227
I INITIAL (SUBSCRIBED) CAPITAL	088	249.600.060	249.600.060
II CAPITAL RESERVES	069	10.368.101	10.368.101
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	51.781.966	51.781.966
1 Legal reserves	071	12.532.960	12.532.960
2 Reserves for treasury shares	072	39.231.550	39.231.550
3 Treasury shares and holdings (deductible item)	073	0	0
4 Statutory reserves	074	0	0
5 Other reserves	075	17.456	17.456
IV REVALUATION RESERVES	076	0	0
V FAIR VALUE RESERVES (ADP 078 to 080)	077	0	0
1 Fair value of financial assets available for sale	078	0	0
2 Cash flow hedge - effective portion	079	0	0
3 Hedge of a net investment in a foreign operation - effective portion	080	0	0
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082- 083)	081	-26.654.267	-123.623.206
1 Retained profit	082	0	0
2 Loss brought forward	083	26.654.267	123.623.206
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085-086)	084	-96.454.000	2.769.604
1 Profit for the business year	085	0	2.769.604
2 Loss for the business year	036	96.454.000	0
VIII MINORITY (NON-CONTROLLING) INTEREST	087	5.022.342	5.019.702
B) PROVISIONS (ADP 089 to 094)	088	3.748.157	3.748.155
1 Provisions for pensions, termination benefits and similar obligations	039	0	0
2 Provisions for tax liabilities	090	0	0
3 Provisions for ongoing legal cases	091	453.209	453.209
4 Provisions for renewal of natural resources	092	0	0
5 Provisions for warranty obligations	093	O	0
6 Other provisions	094	3.294.948	3.294.946
C) LONG-TERM LIABILITIES (ADP 096 to 106)	095	96.886.212	79.735.572
1 Liabilities to undertakings within the group 2 Liabilities for loans, deposits, etc. of undertakings within the group	096 097	O 0	0 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	099	0	0
participating interests 5 Liabilities for loans, deposits etc.	100	347.225	347.364
6 Liabilities to banks and other financial institutions	101	94.978.340	77.827.561
7 Liabilities for advance payments	102	O	0
8 Liabilities to suppliers	103	O	0

9 Liabilities for securities	104	0	0
10 Other long-term liabilities	105	1.560.647	1.560.647
11 Deferred tax liability	106	0	0
SHORT-TERM LIABILITIES (ADP 108 to 121) D)	107	666.715.493	646.997.991
1 Liabilities to undertakings within the group	108	4.350.696	200.574
2 Liabilities for loans, deposits, etc. of undertakings within the group	109	0	388.842
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	6.688.164
6 Liabilities to banks and other financial institutions	113	375.011.456	384.434.479
7 Liabilities for advance payments	114	32.038.074	34.080.716
8 Liabilities to suppliers	115	239.997.574	203.694.781
9 Liabilities for securities	116	0	0
10 Liabilities to employees	117	3.294.136	3.169.360
11 Taxes, contributions and similar liabilities	118	3.979.069	12.437.154
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	1.872.958
E) ACCRUALS AND DEFERRED INCOME	122	15.315.537	14.796.735
TOTAL - LIABILITIES (ADP 067+088+095+107+122)	1723	976.329.601	941.194.680
G) OFF-BALANCE SHEET ITEMS	124	1.147.302.721	1.147.461.980

STATEMENT OF PROFIT OR LOSS for the period 01.01.2019. to 31.03.2019.

Submitter: VIRO TVORNICA ŠEĆERA d.d.

Item		Same period of the previous year		Current period
		Cumulative	Quarter	Cumulative	Quarter
1	2	8	র্ব	5	ರಿ
OPERATING INCOME (ADP 126 to 130)	125	218.712.349	218.712.349	112.320.047	112.320.047
1 Income from sales with undertakings within the group	126	1.465.326	1.465.326	3.177.892	3.177.892
2 Income from sales (outside group)	127	216.750.974	216.750.974	105.059.115	105.059.115
3 Income from the use of own products, goods and services	128	47.289	47.289	26.184	26.184
4 Other operating income with undertakings within the group	129	0	0	0	0
5 Other operating income (outside the group)	130	448.760	448.760	4.056.856	4.056.856
II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153)	134	231.869.285	231.869.285	112.471.590	112.471.590
1 Changes in inventories of work in progress and finished goods	132	87,682,126	87.682.126	50.936.633	50.936.633
2 Material costs (ADP 134 to 136)	133	114.090.705	114.090.705	32.792.333	32.792.333
a) Costs of raw materials and consumables	134	8.088.353	8.088.353	6.611.012	6.611.012
b) Costs of goods sold	135	90.546.836	90.546.836	17.854.746	17.854.746
c) Other external costs	136	15.455.516	15.455.516	8.326.575	8.326.575
3 Staff costs (ADP 138 to 140)	137	12.509.394	12.509.394	12.330.638	12.330.638
a) Net salaries and wages	138	7.951.938	7.951.938	7.865.125	7.865.125
b) Tax and contributions from salary costs	139	2.771.182	2.771.182	2.784.398	2.784.398
c) Contributions on salaries	140	1.786.274	1.786.274	1.681.115	1.681.115
4 Depreciation	141	13.269.794	13.269.794	11.348.529	11.348.529
5 Other costs	142	3.641.824	3.641.824	2.832.178	2.832.178
6 Value adjustments (ADP 144+145)	143	0	0	0	0
a) fixed assets other than financial assets	144	0	0	0	0
b) current assets other than financial assets	145	0	0	0	0
7 Provisions (ADP 147 to 152)	146	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	147	0	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	0	0	0	0
8 Other operating expenses	153	675.442	675.442	2.231.279	2.231.279
III FINANCIAL INCOME (ADP 155 to 164)	154	29.317.887	29.317.887	9.862.953	9.862.953
1 Income from investments in holdings (shares) of undertakings within
the group	155	0	0	0	0
2 Income from investments in holdings (shares) of companies linked by
virtue of participating interests	156	0	0	0	0
3 Income from other long-term financial investment and loans granted to
undertakings within the group	157	120.751	120.751	198.072	198.072
4 Other interest income from operations with undertakings within the	158	0	0	0	0
group
5 Exchange rate differences and other financial income from operations	159	0	0	55.022	55.022
with undertakings within the group
6 Income from other long-term financial investments and loans	160	145.854	145.854	140.751	140.751
7 Other interest income	161	6.504	6.504	1.888	1.888
8 Exchange rate differences and other financial income	162	3.742.886	3.742.886	108.759	108.759
9 Unrealised gains (income) from financial assets	163	O	0	0	0
10 Other financial income	164	25.301.892	25.301.892	9.358.461	9.358.461
IV FINANCIAL EXPENSES (ADP 166 to 172)	165	8.231.861	8.231.861	6.944.448	6.944.448
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
undertakings within the group	167	376.346	376.346	0	0
3 Interest expenses and similar expenses	168	7.027.918	7.027.918	6.403.326	6.403.326
4 Exchange rate differences and other expenses	169	827.597	827.597	541.122	541.122
5 Unrealised losses (expenses) from financial assets	170	0	0	0	0
6 Value adjustments of financial assets (net)	171	0	0	0	0
7 Other financial expenses	172	0	0	0	0
SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF
PARTICIPATING INTERESTS	173	0	0	0	0
SHARE IN PROFIT FROM JOINT VENTURES S	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	0	0	0
IX TOTAL INCOME (ADP 125+154+173 + 174)	177	248.030.236	248.030.236	122.183.000	122.183.000
TOTAL EXPENDITURE (ADP 131+165+175 + 176)	178	240.101.146	240.101.146	119.416.038	119.416.038
PRE-TAX PROFIT OR LOSS (ADP 177-178) X	179	7.929.090	7.929.090	2.766.962	2.766.962
1 Pre-tax profit (ADP 177-178)	180	7 929 090	7 929 090	2 766 962	2 766 962

in HRK

2 Pre-tax loss (ADP 178-177)	181	0	0	0	0
XII INCOME TAX	182	0	0	0	0
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182)	183	7.929.090	7.929.090	2.766.962	2.766.962
1 Profit for the period (ADP 179-182)	184	7.929.090	7.929.090	2.766.962	2.766.962
2 Loss for the period (ADP 182-179)	185	0	0	0	0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS	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
1 Discontinued operations profit for the period (ADP 186-189)	190	0	0	0	0
2 Discontinued operations loss for the period (ADP 189-186)	191	0	0	0	0
TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations)
XVI PRE-TAX PROFIT OR LOSS (ADP 179+186)	192	0	0	0	0
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	0
1 Profit for the period (ADP 192-195)	197	0	0	0	0
2 Loss for the period (ADP 195-192)	198	0	0	0	0
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 200+201)	199	7.929.090	7.929.090	2.766.962	2.766.962
1 Attributable to owners of the parent	200	7.952.663	7.952.663	2.769.604	2.769.604
2 Attributable to minority (non-controlling) interest	201	-23.573	-23.573	-2.642	-2.642
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	202	0	0	0	0
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	0	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 foreign operation	208	0	0	0	0
6 Share in other comprehensive income/loss of companies linked by	209	0	0	0	0
virtue of participating interests
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	0	0	0	0
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	7.929,090	7.929.090	2.766.962	2.766.962
1 Attributable to owners of the parent	216	7.952.663	7.952.663	2.769.604	2.769.604
2 Attributable to minority (non-controlling) interest	217	-23.573	-23.573	-2.642	-2.642

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2019. to 31.03.2019.

IN HKK Submitter: VIRO TVORNICA SECERA d.d.
Item	ADP code	Same period of the previous year	Current period
1	S	3	4
Cash flow from operating activities
1 Pre-tax profit	001	7.929.090	2.766.962
2 Adjustments (ADP 003 to 010):	002	18.346.129	16.787 97
a) Depreciation	003	13.269.794	11.348.529
b) Gains and losses from sale and value adjustment of fixed tangible and intanqible assets	004	0	27.817
c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	005	0	0
d) Interest and dividend income	006	-24.114	-18.703
e) Interest expenses	007	5.095.470	5.564.943
f) Provisions	008	0	0
g) Exchange rate differences (unrealised)	009	4.979	-134.814
h) Other adjustments for non-cash transactions and unrealised gains and losses	010	0	0
Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	26.275.219	19.554.764
3 Changes in the working capital (ADP 013 to 016)	012	-166.475.788	4.204.903
a) Increase or decrease in short-term liabilities	013	-201.181.744	-32.845.468
b) Increase or decrease in short-term receivables	014	-23.637.326	-176.370
c) Increase or decrease in inventories	015	64.903.516	32.928.764
d) Other increase or decrease in working capital	016	-6.560.234	4.297.977
Il Cash from operations (ADP 011+012)	017	-140.200.569	23.759.637
4 Interest paid	018	0	-3.115.707
5 Income tax paid	019	0	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	020	-140.200.569	20.643.930
Cash flow from investment activities	021	372.109	2.736.428
1 Cash receipts from sales of fixed tangible and intangible assets
2 Cash receipts from sales of financial instruments	022	0	0
3 Interest received	023	12.180	1.553.934
4 Dividends received	024	0	0
5 Cash receipts from repayment of loans and deposits	025	24.114	94.848
6 Other cash receipts from investment activities	0726	135.840	976.483
III Total cash receipts from investment activities (ADP 021 to 026)	027	544.243	5.361.693
1 Cash payments for the purchase of fixed tangible and intangible assets	028	-1.379.807	-23.340.168
2 Cash payments for the acquisition of financial instruments	029	0	O
3 Cash payments for loans and deposits for the period	030	0	-114
4 Acquisition of a subsidiary, net of cash acquired	031	0	0
5 Other cash payments from investment activities	032	0	-1.332.966
IV Total cash payments from investment activities (ADP 028 to 032)	033	-1.379.807	-24.673.248
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	-835.564	-19.311.555
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 financial instruments	036	0	0
3 Cash receipts from credit principals, loans and other borrowings	037	233.768.955	61.130.964
4 Other cash receipts from financing activities	038	5.558.359	1.509.050
V Total cash receipts from financing activities (ADP 035 to 038)	039	239.327.314	62.640.014
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	-145.083.918	-64.718.664
2 Cash payments for dividends	041	0	0
3 Cash payments for finance lease	042	-153.778	-85.511
4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital	043	0	0

5 Other cash payments from financing activities	044	-13.500.0001	-3.400.000
VI Total cash payments from financing activities (ADP 040 to 044)	045	-158.737.696	-68.204.175
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046	80 639 618	-5.564.161
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	-60.446.515	-4.281.786
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	11.653 832	604 735

STATEMENT OF CHANGES IN EQUITY
B . 1.1.2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

to for the period from 1.1.2019	31,3,2019
Hom	ADP Gala		ଗୁଡ଼) ଚଳଚ୍ଚିତ୍ର Gap
1 Balance on the first day of the previous business year wious period		249.600.060	10.368.101	12.532.950	43 886 870		17 456			156.502.891	-176.840.330	295,047.	6,132,241
2 Changes in accounting policies 3 Correction of ecrors	ត និង ន	0 0		0 0					000
4 Balance on the first day of the previous business year (restated) (ADP 01 to		249,000,000	10.356.101	12.532.900 0	13 mm					155.602.891	-176.840.330	295.047,806	6.132.241
(3)	80													301.180.049
6 Exchange rate differences from translation of foreign operations 5 Profit/loss of the period	88	000		0,0							-96.454.000	-96.454.000	-942.102	-97.300
" Changes in revaluation reserves of fixed tangible and intangible assets	10	0		0
B Profit or loss arising from subsequent measurement of financial assets available for
	08	0		o
Profit or loss arising from effective cash flow hedge	80	0		0
effective hedge of a net investment in a foreign operation 10 Profit or loss arising from	01	0		0
incoma/loss of companies linked by virtue of rehensive i 11 Share in other compreh participating Interests	=	0		0
12 Actuarial gains/losses on the defined benefit obligation		0		0
13 Other changes in equily unrelated to owners 14 Tax on transactions recognised directly in equity	2 = 2	0								-176.840.330	176.840.334
		0		0
reinvesting profit Increaseldecrease in initial (subscribed) capital (other than from rel d other than arising from the pre-bankruptcy settlement procedure) ૧૬	St	0		0
Increase in initial (subscribed) capital arising from the reinvestment of profit	ും	0
in initial (subscribed) capital arising from the pre-bankruptcy settlement Increase 17	17	0		0
cadure
18 Redemption of treasury shares/noldings		000		o o
19 Payment of share in profit/dividend
Transfer to reserves according to the annual schedule 20 Other distribution to owners 21 Transfer to reserves accordin	定是足元	0		0 0	-4.635.120					-5 316.828		-9.951.94	-167.737	10.119
	ದ			0
22 Increase in roseves arising from the pre-hankruptcy settlement procedure 23 Balance on the last day of the previous business year reporting period (04 to	23	249,600,060	10.368.101	12,532,960	39.231.550		181			-26.654.267	09 454 00	188.641,861	6.022.34	193 MAS
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (10 be filled in by un	19.00 11525 91	draw up financial st	ris In sceor	with the IFRA)
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14)	24	0								-176.840.330	176 840.331
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP
05424)	25	0								-176.840.330	60.386.330	-06 454 000	-942 102	-97.326.
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGRIISED DIRECTLY IN EQUITY (ADP 15 lo 22)	26				-4.635.120					-6.316.828		-0.951	.167,737	-10.119.
Current period
1 Balance on the first day of the current business year 2 Changes in accounting policies		249.600.060	10.368.101	12.532.960	39,231.550		17.456			-26.654.267	96.454.000	188.641.860	6,022.342	193 664.20.
Correction of errors	ន នេះ ដ	00		0 0 0 0						0
29) Balance on the first day of the current business year (restated) (ADP 27 to	ot	249,600 000	10.368.101	800 12.532.1	30.231.550					26 454.207	-95.454.000	188,641,800	6.022 342	193.664.202
6 Exchange rate differences from translation of foreign operations Profitioss of the period	ES LE	0 0		o 0							2.760.604	2.769.60	-2642	2.705 902
7 Changes in revaluation reserves of fixed tangible and intengible assets	it	0		o
8 Profit or loss arising from subsequent measurement of financial assots available for 22/0	ਸ	0		0
effective cash flow hedge Profil or loss arising from	35	0		0
10 Profit or loss arising from effective hedge of a net investment in a foreign operation	ಳಿಕ	0		0
	37	0
11 Share in other comprehensive incomeTops of companies linked by virtue of participation interests 12 Actuarial gainsfosses on the defined benefit obligation 13 Other chang		0 0		0
	ន និទ្ធ ទ			0						-96 454.000	98.454.000
14 15		0		0
Tax on transactions recognised directly in equity Increase/decrease in intial (subscribed) capital (other litem from reinvesting profil d other than arising from the pre-ban	41	0		0
15 Increase in indial (subscribed) capital arising from the reinvestment of profit	42	0		0
17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement	ರಿ	0		0
cedure
18 Redemption of treasury shares holdings 10 Payment of share in profit/dividend	2 % 8	0 0 0		000
20 Other distribution to owners
	11	0		0						-514.039		-514
	81	0		0
21 Transfor to reserves according to the arnual schedule 22 Hocease in reeerves arising the pro-bankruptcy settlement procedure 23 Balance on the last day of the current busi	0	249.000.000	10,368,101	12.532.950	30 231					123 623.20		190.696.52		195,916.
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by un I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF		class fraw up finar	nto in sec
	50									-98,454,000	06.454.000
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP (ADP 32 to 40)
31 . 50)	51	0								-90.454.000	99,223,604	2.700 004	-2 6-42	2,706,962
III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48)	52									514.939		-514 031		514.93