Decision on the Content, Deadlines and Method of Compiling and Submitting Financial Statements of Credit and other Financial Institutions

Pursuant to Article 44 paragraph 2 item 3 of the Central Bank of Montenegro Law (OGM 40/10, 6/13, 70/17, 125/23) and Article 42 paragraph 13 of the Law on Accounting (OGM 84/25), the Council of the Central Bank of Montenegro, at its meeting held on 26 January 2026, passed the following DECISION ON THE CONTENT, DEADLINES AND METHOD OF COMPILING AND SUBMITTING FINANCIAL STATEMENTS OF CREDIT AND OTHER FINANCIAL INSTITUTIONS
Article 1
This Decision governs the content, deadlines and the method of compiling and submitting financial statements that the credit and other financial institutions are required to submit to the Central Bank of Montenegro (hereinafter: the Central Bank) in accordance with the law governing accounting.
Article 2
Credit and other financial institutions shall compile and submit to the Central Bank the following financial statements:

1. quarterly statements:
   − as at 31 March of the current year; − as at 30 June of the current year; − as at 30 September of the current year;
2. annual unaudited financial statements as at 31 December of the current year;
3. annual financial statements accompanied by an external auditor’s report as at 31
   December of the current year.
   Article 3
   (1) Financial statements of credit and other financial institutions shall include:
4. general information on the credit, or financial institution;
5. statement of financial position (hereinafter: balance sheet);
6. statement of comprehensive income (hereinafter: profit and loss statement);
7. statement of cash flows;
8. statement of changes in equity;
9. explanatory notes and comments of the management board, or of the executive
   director;
10. report on material events;
11. notes to the financial statements.
    (2) The financial statements shall be compiled on individual and consolidated basis.

Article 4
The financial statements shall be submitted to the Central Bank in the following deadlines:

1. quarterly financial statements – by 30 April, 31 July and 31 October of the current
   year;
2. consolidated quarterly financial statements – by 15 May, 15 August and 15
   November of the current year;
3. annual unaudited financial statements – by 31 March of the current year for the
   previous year;
4. annual financial statements accompanied by an external auditor’s report and
   opinion:
   − for credit institutions by 30 April of the current year for the previous year; − for other financial institutions by 31 May of the current year for the previous year;
5. consolidated annual financial statements accompanied by an external auditor’s
   report and opinion- by 31 May of the current year for the previous year:
   Article 5
   (1) The financial statements shall be compiled and submitted to the Central Bank in written and in electronic form using the templates which are attached to this Decision and make an integral part thereof.
6. Credit institutions shall use the templates set out in Annex 1 to this Decision;
7. Micro-credit financial institutions shall use the templates set out in Annex 2 to this
   Decision;
8. Leasing companies, factoring companies, companies for purchase of receivables,
   the Credit Guarantee Fund, payment institutions, and electronic money institutions shall use the templates set out in Annex 3 to this Decision. (2) By way of derogation from paragraph (1) of this Article, the annual reports referred to in Article 4 paragraph (1) items 4) and 5) of this Decision shall be submitted by credit and other financial institutions in accordance with:
9. the law governing the operations of credit institutions;
10. the law governing the operations of providers of financial leasing, factoring,
    purchase of receivables, micro-lending, and credit-guarantee operations;
11. the law governing the payment operations;
    Article 6
    The financial statements shall be published on the website of the Central Bank within five days following that of their receipt.
    Article 7
    The Central Bank shall not be liable for the accuracy of data contained in the submitted financial statements.

Article 8
On the day this Decision enters into force, the Decision on the content, deadlines and method of compiling and submitting banks’ financial statements (OGM 34/22) shall cease be repealed.
Article 9
This Decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro.

THE COUNCIL OF TE CENTRAL BANK OF MONTENEGRO CHAIRPERSON GOVERNOR Irena Radović, m.p. Decision number: 0101-646-9/2026 Podgorica, 26 January 2026

Annex 1
Financial statements submitted by credit institutions FINANCIAL STATEMENTS OF CREDIT INSTITUTIONS FOR THE PERIOD:___________________ Template FI-KI Statement is individual / consolidated Reporting period I GENERAL INFORMATION ABOUT THE CREDIT INSTITUTION Name Head office and address (postal code, place, street and ID number ID of registration into the Registry of business entities Date of founding Activity code Activity code Ownership structure Number of branches Number of employees as at day of reporting period Phone (area code and number) Website E-mail address Number of the account with the Central Bank Information on Supervisory Board and Management Board Information on members of management bodies Name and surname Birth date Information on residence Information on shares Place Address (street and number) Number of shares Share in percentages 1 President of the Supervisory Board
2. member
3. member
4. member
5. member
6. member
7. member
8. member
9. member
1.President of the Management Board
2. member
3. member
4. member
5. member
6. member
7. member
Person authorised for signing

Information on shareholders and shares Ten largest shareholders Name and last name / name of company Residence address/ business address (place, street and number) Number of shares Share in percentages Total amount of share capital Own shares Issue of shares and identification of the issue Common shares Preferred shares Issue designation Nominal value of shares Number of shares Issue designation Nominal value of shares Number of shares

Issues of bonds
Issue designation
Nominal value of bonds Number of bonds Interest rate/discount Market price

Three most important consolidated entities if the financial statements are consolidated ID number Company included in consolidation Place Business address (street and number) Audit firm which audited last financial statements:
Name
Head office and business address
Stock exchange and listings of admitted shares Name of stock exchange Name of listing Market capitalisation (EUR thousand) Price of shares if traded at stock exchange:
Common shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
ratio of the market price per share to net profit per share dividend rate dividend paid per share In the previous year In the current year 2 years ago Preferred shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
ratio of the market price per share to net profit per share dividend rate dividend paid per share In the previous year In the current year 2 years ago

II BALANCE SHEET AND OFF-BALANCE SHEET RECORDS
2.1. BALANCE SHEET
(EUR 000)
No. ASSETS *
1 Cash and deposit accounts with central banks 2 Financial assets at amortised cost 2.a. Loans and receivables from credit institutions 2.b. Loans and receivables from clients 2.c. Securities 2.d. Other financial assets 3 Financial assets at fair value through other comprehensive income 3.a. Loans and receivables from credit institutions 3.b. Loans and receivables from clients 3.c. Securities 3.d. Other financial assets 4 Held-for-trading financial assets 4.a. Loans and receivables from credit institutions 4.b. Loans and receivables from clients 4.c. Securities 4.d. Other financial assets 5 Financial assets carried at fair value through profit and loss, not held for trading 5.a. Loans and receivables from credit institutions 5.b. Loans and receivables from clients 5.c. Securities 5.d. Other financial assets 6 Derivative financial assets as hedging instruments 7 Changes in the fair value of items being subject to hedging 8 Investments in associates, subsidiaries and joint ventures at equity method 9 Investment properties 10 Property, plant and equipment 11 Intangible assets 12 Current tax assets 13 Deferred tax assets 14 Non-current assets held for sale and discontinued operations 15 Other assets 16 TOTAL ASSETS:
LIABILITIES
17 Financial liabilities carried at amortised cost 17.a. Deposits of credit institutions and central banks 17.b. Deposits of clients 17.c. Deposits of credit institutions and central banks 17.d. Borrowings from clients other than credit institutions 17.e. Securities 17.f. Other financial liabilities 18 Held-for-trading financial liabilities 18.a. Deposits of credit institutions and central banks 18.b. Deposits of clients 18.c. Deposits of credit institutions and central banks 18.d. Borrowings from clients other than credit institutions 18.e. Securities 18.f. Other financial liabilities 19 Financial liabilities not traded and measured at fair value through profit or loss 19.a. Deposits of credit institutions and central banks 19.b. Deposits of clients 19.c. Deposits of credit institutions and central banks 19.d. Borrowings from clients other than credit institutions 19.e. Other financial liabilities 20 Derivative financial liabilities as hedging instruments 21 Changes in the fair value of items being subject to hedging 22 Provisions 23 Liabilities on non-current assets held for sale and discontinued operations 24 Current tax liabilities 25 Deferred tax liabilities 26 Other liabilities 27 Subordinated debt 28 TOTAL LIABILITIES:
CAPITAL
29 Share capital
30 Issue premiums
31 Retained earnings
32 Current year profit/loss
33 Other reserves
34 Non-controlling interests in equity 35 TOTAL CAPITAL: (29 to 34) 36 TOTAL CAPITAL AND LIABILITIES: (28 + 35)

2.2 OFF-BALANCE SHEET RECORDS
(EUR 000)
Position Description *
1 Irrevocable commitments for granting loans 2 Irrevocable documentary letters of credits issued for foreign payments 3 Other letters of credit issued for foreign payments 4 Guarantees issued
4.1 Payment guarantees issued
4.2 Performance guarantees issued
4.3 Other types of guarantees
5 Bills of exchange issued and sureties given 6 Foreign cheques sent for collection 7 Nostro financial activities connected with the collection process 8 Current FX contracts
8.1 Spot FX sale
8.2 Spot FX purchase
8.3 Forward FX sale
8.4 Forward FX purchase
8.a. Other derivative financial instruments 9 Receivables written off from internal records 10 Collateral based on receivables 11 Other items of bank’s off-balance sheet exposure 12 Total 13 MEMORANDUM
13.1 Accrued interest
13.2 Other
Note:

• year-end data
  current quarter data

III PROFIT AND LOSS STATEMENT
(EUR 000)
POSITION *

1. Interest income and similar income
2. Interest income on impaired loans
3. Interest expenses and similar expenses
   I. NET INTEREST INCOME (1 + 2 - 3)
4. Fee and commission income
5. Fee and commission expenses
   II. NET FEE AND COMMISSION INCOME (4-5)
6. Net gains/losses from derecognition of financial instruments not carried at fair value through
   profit or loss
7. Net gains/losses on held-for-trading financial instruments
8. Net gains/losses from financial instruments carried at fair value through profit or loss,
   not held for trading
9. Changes in fair value in hedge accounting
10. Net gains/losses from FX revaluation
11. Net gains/losses from derecognition of other assets
12. Other income
13. Employee expenses
14. Depreciation expenses
15. Overhead and administrative expenses
16. Net gains/losses from modification and reclassification of financial instruments
17. Net gains/losses from impairment of financial instruments not carried at fair value through profit
    or loss
18. Provision expenses
19. Other expenses
    III. PROFIT/LOSS BEFORE TAX: I+II+6+7+8+9+10+11+12-13-14-15-16-17-18-19
20. Profit tax
21. NET PROFIT/LOSS (III - 21)
    Note:

• year-end data
  current quarter data

IV STATEMENT OF CASH FLOWS
(EUR 000)
DESCRIPTION Notes *
Cash flows from operating activities Inflows from interest and similar income Outflows based on interest and similar expenses Inflows from fees and commissions Outflows from fees and commissions Outflows based on wages of employees and supplier costs Taxes paid Other inflows Other outflows Inflows from interest and similar income Net cash inflows/outflows from operating activities Cash flows from investing activities Property and equipment purchase Purchase of non-material investments T-Bills and other securities Inflows from sale of tangible and fixed assets Net cash inflows/outflows from investing activities Cash flows from financing activities Increase in borrowings Issue of ordinary shares Outflows based on dividends Net cash inflows/outflows from financing activities FX translation effects on cash and cash equivalents Net increase/decrease in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at end of period Note:

• year-end data
  current quarter data
  V STATEMENT OF CHANGES IN EQUITY
  (EUR 000)
  Balance as at 1 January_____ Share capital Issue premiums Provisions Retained earnings TOTAL Prior year changes Issue of shares Issue premiums Effects of changes in value of available for sale securities Profit/loss from current period Dividends Other Balance as at 31 December _____ Current year changes Issue of shares Issue premiums Effects of changes in value of available for sale securities Profit/loss from current period Dividends Other Balance as at _____

VI MANAGEMENT BOARD EXPLANATORY NOTES AND COMMENTS* VII REPORT ON MATERIAL EVENTS VIII NOTES TO FINANCIAL STATEMENTS*

• Important comments of management board for financial statements
  Material events –recapitalisations, subordinated debt, audit, and the like *Comments of individual balance sheet items deemed by the credit institution that need to be clarified

Anne x 2
Financial statements submitted by microcredit financial institutions – FI-MFI Template FINANCIAL STATEMENTS OF MICROCREDIT FINANCIAL INSTITUTIONS FOR THE PERIOD:
Template FI-MFI
Statement is individual / consolidated Reporting period I GENERAL INFORMATION ON THE MICROCREDIT FINANCIAL INSTITUTION Name Head office and address (postal code, place, street and ID number ID of registration into the Registry of business entities Date of founding Activity code Activity code Ownership structure Number of branches Number of employees as at day of reporting period Phone (area code and number) Website E-mail address Information on management bodies Information on members of management bodies Name and surname Birth date Information on residence Information on shares Place Address (street and number) Number of shares Share in percentages

1. President of the Board of Directors / Supervisory

2. member

3. member

4. member

5. member

6. member

7. member

8. member

9. member

10. Executive Director / President of the Management

11. member

12. member

13. member

14. member

15. member

16. member
    Person authorised for signing

Information on founders / shareholders and their participating interests / shares Ten largest founders / shareholders Name and last name / name of company Residence address/ business address (place, street and number) Number of shares/participating interests Share in percentages Total amount of share capital Own shares / participating interests Issue of shares/participating interests and identification of the issue Common shares / participating interests Preferred shares Issue designation Nominal value of shares/partici pating interests Number of shares/participating interests Issue designation Nominal value of shares Number of shares

Issues of bonds
Issue designation
Nominal value of bonds
Number of bonds Interest rate/discount Market price

Three most important consolidated entities if the financial statements are consolidated ID number Company included in consolidation Place Business address (street and number) Audit firm which audited last financial statements:
Name
Head office and business address
Stock exchange and listings of admitted shares Name of stock exchange Name of listing Market capitalisation (EUR thousand) Price of shares if traded at stock exchange:
Common shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
Market price of share to net profit per share ratio dividend rate dividend paid per share In the previous year In the current year 2 years ago Preferred shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
Market price of share to net profit per share ratio dividend rate dividend paid per share In the previous year In the current year 2 years ago

II BALANCE SHEET AND OFF-BALANCE SHEET RECORDS
2.1. BALANCE SHEET
(EUR 000)
No. ASSETS *

1. Cash and deposit accounts with central banks
2. Loans and receivables from banks
3. Loans and receivables from clients
4. Held-for-sale assets
5. Held-for-trading financial assets
6. Other assets carried at fair value through profit and loss
7. Derivative financial assets as hedging instruments
8. Investment securities
   8.a. - available for sale
   8.b. - held to maturity
9. Investments in associate companies and joint ventures at equity method
10. Investment in subsidiaries
11. Investment properties
12. Property, plant and equipment
13. Intangible assets
14. Current tax assets
15. Deferred tax assets
16. Other financial receivables
17. Other business receivables
18. TOTAL ASSETS:
    LIABILITIES
19. Borrowings from banks
20. Borrowings from other clients
21. Held-for-trading financial liabilities
22. Other liabilities carried at fair value through profit and loss
23. Derivative financial liabilities as hedging instruments
24. Issued debt securities
25. Provisions
26. Current tax liabilities
27. Deferred tax liabilities
28. Other liabilities
29. Subordinated debt
30. TOTAL LIABILITIES:
    CAPITAL
31. Share capital
32. Issue premiums
33. Retained earnings
34. Current year profit/loss
35. Other reserves
36. Donated capital / participated interests
37. Non-controlling interests in equity
38. TOTAL CAPITAL: (31 to 37)
39. TOTAL CAPITAL AND LIABILITIES: (30 + 38)

2.2 OFF-BALANCE SHEET RECORDS
(EUR 000)
Position Description *

1. Irrevocable commitments for granting loans
2. Irrevocable documentary letters of credits issued for foreign payments
3. Other letters of credit issued for foreign payments
4. Guarantees issued
   4.1. Payment guarantees issued
   4.2. Performance guarantees issued
   4.3. Other types of guarantees
5. Bills of exchange issued and sureties given
6. Foreign cheques sent for collection
7. Nostro financial activities connected with the collection process
8. Current FX contracts
   8.1. Spot FX sale
   8.2. Spot FX purchase
   8.3. Forward FX sale
   8.4. Forward FX purchase
   8.a. Other derivative financial instruments
9. Collateral based on receivables
10. Other items of bank’s off-balance sheet exposure
11. Total
12. MEMORANDUM
    12.1. Accrued interest
    12.2. Other
    Note:

• year-end data
  current quarter data
  III PROFIT AND LOSS STATEMENT
  (EUR 000)
  POSITION *
  1 Interest income and similar income 2 Interest expenses and similar expenses 3 NET INTEREST INCOME (1-2) 4 Dividend income 5 Allowances for Impairment 6 Provision expenses 7 Fee and commission income 8 Fee and commission expenses 9 NET FEE AND COMMISSION INCOME (7-8) 10 Net gains/losses on held-for-trading financial instruments 11 Net gains/losses from financial instruments carried at fair value through profit or loss 12 Net gains/losses on investment securities 13 Changes in fair value in hedge accounting 14 Net gains/losses from FX revaluation 15 Employee expenses 16 Overhead and administrative expenses 17 Depreciation expenses 18 Other expenses 19 Other income 20 OPERATIONAL PROFIT (3+4-5-6+9+10+11+12+13+14-15-16-17-18+19) 21 Income tax 22 NET PROFIT/LOSS (20 - 21) Note:
• year-end data
  current quarter data

IV STATEMENT OF CASH FLOWS
(EUR 000)
DESCRIPTION Notes *
Cash flows from operating activities Inflows from interest and similar income Outflows based on interest and similar expenses Inflows from fees and commissions Outflows from fees and commissions Inflows from repaid loans Outflows from granted loans Outflows based on wages of employees and supplier costs Paid taxes Inflows from collected written-off receivables Inflows from interest and similar income Other outflows Net cash inflows/outflows from operating activities Cash flows from investing activities Property and equipment purchase Purchase of non-material investments T-Bills and other securities Inflows from sale of tangible and fixed assets Net cash inflows/outflows from investing activities Cash flows from financing activities Inflows from borrowings Outflows from the repayment of borrowings Issue of common shares / increase in participating interests Outflows based on dividends Net cash inflows/outflows from financing activities Cash inflows from financing activities Cash outflows from financing activities Net increase/decrease in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at end of period V STATEMENT OF CHANGES IN EQUITY (EUR 000) Balance as at 1 January_____ Participating interests / share capital Issue premiums Provisions Retained earnings TOTAL Prior year changes Issue of participating interests / Issue premiums Effects of changes in value of available for sale securities Profit/loss from current period Dividends Other As at 31 December _____ Current year changes Issue of participating interests / Issue premiums Effects of changes in value of available for sale securities Profit/loss from current period Dividends Other Balance as at _____

VI EXPLANATIONS AND COMMENTS OF THE EXECUTIVE DIRECTOR / MANAGEMENT BOARD * VII REPORT ON MATERIAL EVENTS VIII NOTES TO FINANCIAL STATEMENTS*

• Significant comments of the Executive Director / Management board for financial
  statements
  Material events – recapitalisation, subordinated debt, audit, etc. *Comments of individual balance sheet items deemed by the credit institution that need to be clarified

Annex
Financial statements submitted by leasing companies, factoring companies, companies for purchase of receivables, credit-guarantee funds, payment institutions, and electronic money institutions FINANCIAL STATEMENTS OF OTHER FINANCIAL INSTITUTIONS FOR THE PERIOD:
Template FI-OFI
Statement is individual / consolidated Reporting period Financial institution type I GENERAL INFORMATION ABOUT THE FINANCIAL INSTITUTION Name Head office and address (postal code, place, street and ID number ID of registration into the Registry of business entities Date of founding Activity code Activity code Ownership structure Number of branches Number of employees as at day of reporting period Phone (area code and number) Website E-mail address Information on management bodies Information on members of management bodies Name and surname Birth date Information on residence Information on shares Place Address (street and number) Number of shares Share in percentages

1. President of the Board of Directors / Supervisory
   Board

2. member

3. member

4. member

5. member

6. member

7. member

8. member

9. member

10. Executive Director / President of the Management
    Board

11. member

12. member

13. member

14. member

15. member

16. member
    Person authorised for signing

Information on founders / shareholders and their participating interests / shares Ten largest founders / shareholders Name and last name / name of company Residence address/ business address (place, street and number) Number of shares/participating interests Share in percentages Total amount of share capital Own shares / participating interests Issue of shares/participating interests and identification of the issue Common shares / participating interests Preferred shares Issue designation Nominal value of shares/participati ng interests Number of shares/participating interests Issue designation Nominal value of shares/participating interests Number of shares/participating interests Issues of bonds Issue designation Nominal value of bonds Number of bonds Interest rate/discount Market price

456789

Three most important consolidated entities if the financial statements are consolidated ID number Company included in consolidation Place Business address (street and number) Audit firm which audited last financial statements:
Name
Head office and business address
Stock exchange and listings of admitted shares Name of stock exchange Name of listing Market capitalisation (EUR thousand) Price of shares if traded at stock exchange:
Common shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
ratio of the market price per share to net profit per share dividend rate dividend paid per share In the previous year In the current year 2 years ago Preferred shares lowest trading price on the stock exchange highest trading price on the stock exchange share price at the beginning of the reporting period share price at the end of the reporting period carrying amount per share net profit per share:
ratio of the market price per share to net profit per share dividend rate dividend paid per share In the previous year In the current year 2 years ago

II BALANCE SHEET
(EUR 000)
ASSETS Position *
A. UNPAID SUBSCRIBED CAPITAL 001
B. NON-CURRENT ASSETS (003 + 008 + 016) 002 I INTANGIBLE INVESTMENTS (004 to 007) 003 1 Investments in development 004 2 Concessions, patents, licenses and similar rights and other intangible 005 3 Goodwill 006 4 Prepayments for intangible investments and intangible investments under 007 II PROPERTY, PLANT AND EQUIPMENT AND BIOLOGICAL ASSETS (009+010+011+015) 008 1 Land and buildings 009 2 Plant and equipment 010 3 Other installed equipment, tools and equipment (012+013+014) 011
3.1 Investment properties 012
3.2 Biological assets 013
3.3 Other unspecified tangible non-current assets 014
4 Prepayments for property, plant and equipment and biological assets and property, 015 III LONG-TERM FINANCIAL PLACEMENTS AND LONG-TERM RECEIVABLES (017 to 023) 016 1 Participation in capital in dependant legal persons 017 2 Long-term loans to parent and dependant legal persons 018 3 Participation in capital in legal persons (other than dependant legal persons) 019 4 Long-term loans to legal persons in which there is an equity participating interest (excluding dependant legal persons) 020 5 Participation in capital valued using the participating interest method 021 6 Long-term financial investments (loans granted and securities) 022 7 Other long-term financial investments and receivables 023
C. DEFFERED TAX ASSETS 024
D. WORKING ASSETS (026+031+039+043+044) 025
I. INVENTORIES (027 to 030) 026
1 Inventories of materials (raw materials, spare parts, small tools and car tyres) 027 2 Work in progress 028 3 Finished goods and merchandise 029 4 Advances paid 030
II. SHORT-TERM RECEIVABLES (032 to 035) 031
1 Receivables from buyers 032
2 Receivables from parent and dependant legal persons 033 3 Receivables from other related persons 034 4 Other receivables (036+037+038) 035
4.1 Receivables for overpaid profit tax 036
4.2 VAT receivables 037
4.3 Other otherwise unmentioned receivables 038
III. SHORT-TERM FINANCIAL PLACEMENTS (040 to 042) 039
1 Held for trade participating interest in capital of dependant legal persons 040 2 Purchased own shares and purchased own participating interests 041 3 Other short-term financial placements 042
IV. CASH IN ACCOUNTS AND IN THE TREASURY 043
V. NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED
OPERATIONS 044
E. PREPAYMENTS AND ACCRUALS 045
F. TOTAL ASSETS
(001+002+024+025+045) 046

LIABILITIES
A. CAPITAL (102+103+104+105+111+116) 101
I. Tier 1 Capital 102
II. UNPAID SUBSCRIBED CAPITAL 103
III. ISSUE PREMIUM 104
IV. RESERVES (106+107+108+109-110) 105

1. Legal reserves 106
2. Statutory reserves 107
3. Other reserves 108
4. Positive revaluation reserves and unrealised gains on financial assets and
   other components of other comprehensive income 109
5. Negative revaluation reserves and unrealised losses on financial assets and
   other components of other comprehensive income 110
   VI. RETAINED EARNINGS OR LOSS (112+113-114-115) 111
6. Retained earnings from previous years 112
7. Retained earnings from the current year 113
8. Loss from previous years 114
9. Current year loss 115
   VIII. NON-CONTROLLING INTEREST 116
   B. LONG-TERM PROVISIONS AND LONG-TERM LIABILITIES (118+122) 117
   I. LONG TERM PROVISIONS (119 to 121) 118
10. Provisions for fees and other employee benefits 119
11. Provisions for expenses in warranty 120
12. Other long term provisions 121
    II. LONG TERM LIABILITIES (123+124) 122
13. Long term loans 123
14. Other long term liabilities 124
    C. DEFERRED TAX LIABILITIES 125
    D. LONG-TERM DEFERRED INCOME AND RECEIVED DONATIONS 126 Е. SHORT-TERM PROVISIONS AND SHORT-TERM LIABILITIES (128+129) 127 I SHORT-TERM PROVISIONS 128 II SHORT-TERM LIABILITIES 130 to 137) 129
15. Liabilities from loans and non-banking loans from persons that are not credit 130
16. Liabilities from loans from credit institutions 131
17. Advances received, deposits and guarantees 132
18. Liabilities towards suppliers 133
19. Liabilities on bills of exchange 134
20. Liabilities to the parent and dependant legal persons 135
21. Liabilities to other connected persons 136
    8 Other operating liabilities and other short-term liabilities (138 to 142) 137
    8.1. Other operating liabilities 138
    8.2. Other short-term liabilities 139
    8.3. VAT and other public revenue liabilities 140
    8.4. Liabilities from profit tax 141
    8.5. Liabilities on non-current assets held for sale and discontinued operations 142
    F. ACCRUALS 143
    G. TOTAL LIABILITIES (101 +117+125+126+127+143) 144 0 0 Note:

• year-end data
  current quarter data

III PROFIT AND LOSS STATEMENT
(EUR 000)
POSITION Position *

1. Sales revenue - net income 201

2. Change in value of finished goods inventories and work in
   progress 202

3. Revenue from the effects and goods activation 203

4. Other operating income (205 to 207) 204
   a) Other income from regular operations 205 b) Other operating income 206 c) Income from value adjustments of assets 207

5. Operating expenses (209+210) 208
   a) Cost of goods sold and the cost of materials 209 b) Other operating expenses (depreciation, provisions and other operating expenses) 210 c) Depreciation 210a

6. Wages expenses, wage compensation and other personal
   expenses (212+213) 211 a) Net wage costs, wage compensation and personal expenses 212 b) Tax and contribution costs (214 do 216) 213 1/ Tax costs 214 2/ Pension contribution costs 215 3/ Contribution costs 216

7. Expenses on value adjustments of assets (other than financial)
   (218+219) 217 a) Expenses on value adjustments of non-current assets (excluding financial assets) 218 b) Expenses on value adjustments of current assets (excluding financial assets) 219

8. Other operating expenses 220
   I. Operating result (201+202+203+204-208-211-217-220) 221

9. Income from equity participations (223 do 225) 222
   a) Income from equity participations in dependent legal persons 223 b) Income from equity participations in other connected persons 224 c) Income from equity participations in non-connected legal persons 225

10. Income from other financial investments and loans (interest
    rates, foreign exchange differences and effects of contractual hedging) (227 to 229) a) Income from other financial investments and loans from parent and dependent legal persons 227 b) Income from other financial investments and loans from other connected legal persons 228 c) Income from other financial investments and loans from non￾connected legal persons 229

11. Other income from interest, exchange rate differences and other
    contractual hedging effects (231 to 233) 230 a) Financial income from current receivables from parent and dependent legal persons 231 b) Financial income from current receivables from other connected legal persons 232 c) Financial income from current receivables from non-connected legal persons 233

12. Value adjustment of short-term financial assets and financial
    investments that are part of current assets (235-236) 234 a) Income from the value adjustment of short-term financial assets and financial investments that are part of current assets 235 b) Costs from the value adjustment of short-term financial assets and financial investments that are part of current assets 236

13. Expenses from interest, exchange rate differences and other
    contractual hedging effects (238 to 240) 237 a) Interest expenses, foreign exchange differences and other of contractual hedging effects of relationships with the parent and dependent legal persons b) Interest expenses, foreign exchange differences and other contractual hedging effects of relationships with other connected persons 239 c) Interest expenses, foreign exchange differences and other contractual hedging effects of relationships with non-connected persons 240
    II. Financial income (222+226+230+234–237) 241
    III. Operating income before tax (221+241) 242
    IV. Net income of operations which is suspended 243
    V. Income before tax (242+243) 244

14. Tax expense of the period (246+247) 245
    1 Current corporate income tax 246 2 Deferred tax expenses or income for the period 247

15. Profit or loss after tax (244-245) 248
    VI. GROSS INCOME OF OTHER INCOME ITEMS / RELATED TO CAPITAL /
    (250 to 257) 249
    1 Changes in revaluation reserves on property, plant and equipment, intangible assets and biological assets 2 Changes in unrealised gains and losses on translation of foreign financial statements 251 3 Changes in unrealised gains and losses on equity investments 252 4 Changes in actuarial gains and losses on defined benefit plans (or losses) in connection with defined benefit plans 253 5 Changes in participation in other comprehensive income of affiliate undertaking 254 6 Changes in unrealised gains and losses on hedging instruments, net of investments in foreign operations 255 7 Changes in revaluation reserves based on cash flow hedges 256 8 Other changes in unrealized gains and losses 257
    VII. DEFERRED TAX EXPENSES OR INCOME OF THE PERIOD IN
    CONNECTION WITH OTHER ITEMS OF INCOME / RELATED TO EQUITY /
    VIII. NET INCOME OF OTHER INCOME ITEMS / RELATED TO CAPITAL /
    (249-258) 259
    IX. NET COMPREHENSIVE INCOME (248-259) 260
    X. EARNINGS PER SHARE 261
    1 Basic earnings per share 262
    2 Reduced (diluted) earnings per share 263
    XI. NET INCOME BELONGING TO OWNERS OF PARENT LEGAL PERSON 264

XII. NET INCOME BELONGING TO NON-CONTROLLING PARTICIPATION
INTERESTS 265
Note:

• year-end data
  current quarter data

IV STATEMENT OF CASH FLOWS
(EUR 000)
POSITION No Amount
*
1 2 3 4
A. CASH FLOWS FROM OPERATING ACTIVITIES
I. Cash inflows from operating activities (1 to 3) 301
1 Sales and prepayments received 302 2 Interest received from operating activities 303 3 Other inflows from operating activities 304
II. Cash outflows from operating activities (1 to 5) 305
1 Payments to suppliers and prepayments 306 2 Wages, wage compensations and other personal expenses 307 3 Interest paid 308 4 Profit tax 309 5 Payment for other public revenues 310
III. Net cash flows from operating activities (I-II) 311
B. CASH FLOWS FROM INVESTING ACTIVITIES
I. Cash inflows from investment activities (1 to 5) 312
1 Sales of shares and participating interests 313 2 Sales of intangible assets, property, plant, 314 equipment and biological assets 3 Other financial investments 315 4 Interests received from investment activities 316 5 Dividends received 317
II. Cash outflows from investment activities (1 to 3) 318
1 Purchase of shares and participating interests 319 2 Purchase of non-material investments, property, plant, equipment and biological assets 3 Other financial investments 321
III. Net cash flows from investment activities (I-II) 322
C. CASH FLOWS FROM FINANCING ACTIVITIES
I. Cash inflows from financing activities (1 to 3) 323
1 Share capital increase 324
2 Long-term and short-term loans 325 3 Other long-term and short-term liabilities 326
II. Cash outflows from financing activities (1 to 4) 327
1 Redemption of own shares and participating interests 328 2 Long-term and short-term loans and other liabilities 329 3 Financial leases 330 4 Dividends paid 331
III. Net cash flows from financing activities (I-II) 332
D. NET CASH FLOW (311+322+332) 333 E. CASH AT THE BEGINNING OF REPORTING PERIOD 334 F. FOREIGN CURRENCY GAINS ON TRANSLATION OF CASH 335 G. FOREIGN CURRENCY LOSSES ON TRANSLATION OF CASH 336 H. CASH AT THE END OF REPORTING PERIOD (333+334+335-336) 337 Note:

• year-end data
  current quarter data

V STATEMENT OF CHANGES IN EQUITY
(EUR 000)
Position
DESCRIPTION
Tier 1 capital
(group 30 without
309)
Other capital
(309)
Unpaid subscribed capital
(group 31)
Issue premium
(320)
Provisio ns (321,
322)
Revaluatio n reserves, retained earnings and losses (group 33) Retained earnings (group 34) Loss (group 35) Redeemed own shares and participatin g interests (237) Total (2+3+4+5+6 +7+8-9-10) 1 No. 2 No. 3 No. 4 No. 5 No. 6 No. 7 No. 8 No. 9 No. 10 No. 11 1 Balance as 1 January 401 410 419 428 437 446 455 464 473 482 Effects of retrospective correction of material errors and changes in accounting policies 402 411 420 429 438 447 456 465 474 Restated opening balance as at 1 January ________ (No. 1+2) 403 412 421 430 439 448 457 466 475 4 Net changes in the year ____ 404 413 422 431 440 449 458 467 476 485 5 As at 31 December ________ (No. 3+4) 405 414 423 432 441 450 459 468 477 486 Effects of retrospective correction of material errors and changes in accounting policies 406 415 424 433 442 451 460 469 478 487 Restated opening balance as at ________ (No. 5+6) 407 416 425 434 443 452 461 470 479 488 8 Net changes in the year ____ 408 417 426 435 444 453 462 471 480 489 9 As at 31 December _____ (No. 7+8) 409 418 427 436 445 454 463 472 481 490

VI EXPLANATIONS AND COMMENTS OF THE EXECUTIVE DIRECTOR / MANAGEMENT BOARD * VII REPORT ON MATERIAL EVENTS VIII NOTES TO FINANCIAL STATEMENTS*

• Significant comments of the Executive Director / Management board for
  financial statements
  Material events – recapitalisation, subordinated debt, audit, etc. *Comments of individual balance sheet items deemed by the financial institution that need to be clarified