Regulation on the Structure and Content of Financial Reports and Other Reports of UCITS Fund Management Companies – Unofficial Consolidated Text (Narodne novine, Nos. 105/17 and 155/22)

Croatian Financial Services Supervisory Agency, 10000 Zagreb, Franje Račkoga 6, P.O. Box 164, Croatia t: 01 6173 200, f: 01 4811 507, e: info@hanfa.hr, OIB: 49376181407, MB: 02016419, w: www.hanfa.hr REGULATION ON THE STRUCTURE AND CONTENT OF FINANCIAL REPORTS AND OTHER REPORTS OF UCITS FUND MANAGEMENT COMPANIES (Narodne novine, Nos. 105/17 and 155/22 – Unofficial Consolidated Text)

INTRODUCTORY PROVISIONS
Article 1.
This Regulation prescribes:
– the structure and content, as well as publication, method and deadlines for submission of annual and half-yearly financial reports; – the structure and content, as well as method and deadlines for submission of other reports that fund management companies are obliged to prepare for the needs of the Croatian Financial Services Supervisory Agency (hereinafter: the Agency); – the chart of accounts for fund management companies.

OBLIGATED PARTY FOR PREPARATION AND SUBMISSION
Article 2. (NN 155/22)
The obligated party for preparation and submission of reports under Article 1 of this Regulation is the fund management company to which the Agency has issued a working permit under Article 23 of the Open-Ended Investment Funds with Public Offering Act (»Narodne novine«, Nos. 44/16, 126/19, 110/21 and 76/22, hereinafter: the Act).

MAINTENANCE OF ACCOUNTING BOOKS AND PREPARATION OF FINANCIAL REPORTS
Article 3.
(1) The fund management company is obliged to maintain accounting books and prepare annual financial reports and financial reports for the first half-year of the business year (hereinafter: financial reports) in accordance with the Act and regulations governing the accounting of entrepreneurs, as well as International Financial Reporting Standards. (2) The fund management company is obliged to record business events in its accounting books using accounts at least within the scope prescribed by the chart of accounts from Appendix 1, which forms an integral part of this Regulation.

CONTENT AND FORM OF FINANCIAL REPORTS
Article 4.
(1) The financial reports of the fund management company comprise the reports from Article 67, paragraph 2 of the Act. (2) The content and form of financial reports of the fund management company are prescribed by the forms from Appendix 2, which form an integral part of this Regulation.

ADDITIONAL REPORT
Article 5.
(1) The fund management company is obliged, in addition to the financial reports from Article 4 of this Regulation, to prepare a report on the structure of financial assets and liabilities of the fund management company. (2) The content and form of the report on the structure of financial assets and liabilities of the fund management company are prescribed by the forms from Appendix 3, which form an integral part of this Regulation.

REPORTING PERIODS
Article 6.
(1) The fund management company is obliged to prepare:
– financial reports from Article 4, paragraph 1 of this Regulation for the business year and the first six months of the business year; and – reports on the structure of financial assets and liabilities from Article 5 of this Regulation as at the last day of the business year and as at the last day of the half-year reporting period from the first six months of the business year. (2) Annual financial reports from Article 4, paragraph 1 of this Regulation must be audited by an external independent authorized auditor, and are prepared in accordance with the structure and content defined by the forms Financial Reports of Fund Management Companies from Appendix 2 of this Regulation. (3) Notes to financial reports for the first half-year of the business year should cover only significant business events and changes in accounting policies compared to the last published annual financial reports. (4) The fund management company, when preparing the statement of cash flows, may use either the direct or indirect method. (5) In addition to data from financial reports under Article 4, paragraph 1 and reports under Article 5 of this Regulation, the Agency may request additional data, information, and explanations for certain items in the reports.

DEADLINES AND METHOD OF SUBMISSION
Article 7.
The fund management company is obliged to submit reports from Article 6, paragraphs 1 and 2 of this Regulation:
– those prepared for the first six months with status as at the last day of the half-year reporting period, within two months from the end of the reporting period; – those prepared for the business year with status as at the last day of the reporting period, within four months from the end of the reporting period.

Article 8. (NN 155/22)
(1) The fund management company submits to the Agency reports from Article 6, paragraph 1 of this Regulation in electronic form, signed in accordance with the Agency's technical instruction. (2) The fund management company is obliged to submit annual financial reports from Article 6, paragraph 2 of this Regulation, together with the auditor's report on the completed audit of annual financial reports and the annual management report, in the manner and in accordance with Hanfa's Technical Instruction. (3) In addition to reports from Article 6 of this Regulation, the fund management company is obliged to submit upon request by the Agency other documentation or data for supervision purposes or for performing other functions within the Agency's competence and scope of work, in the manner prescribed by provisions of this article and within the deadline specified in the request. (4) The Agency may, if necessary, request the fund management company to submit certain documentation prescribed by this Regulation in original or certified copy, regardless of electronic submission already performed.

PUBLICATION OF FINANCIAL REPORTS
Article 9.
(1) The fund management company is obliged to publish audited annual financial reports (together with the auditor's report on the completed audit of annual financial reports and the annual management report) and financial reports for the first half-year of the business year on its website, within deadlines identical to those in Article 7 of this Regulation. (2) The fund management company is obliged to have published on its website audited annual financial reports from Article 6, paragraph 2 of this Regulation for at least the last 5 business years, or shorter if the fund management company has operated for less than 5 years.

Article 10.
This Regulation enters into force on the eighth day from the date of publication in »Narodne novine«, and is first applied to half-yearly financial and additional reports as at 30 June 2018.

Article 11.
With the start of application of this Regulation, the Regulation on the Structure and Content of Financial Reports and Other Reports of UCITS Fund Management Companies (»Narodne novine«, No. 41/17) ceases to apply.

Regulation on Amendments to the Regulation on the Structure and Content of Financial Reports and Other Reports of UCITS Fund Management Companies (NN 155/22), entered into force on 1 January 2023.

TRANSITIONAL AND FINAL PROVISIONS
Article 5.
(1) This regulation shall be published in »Narodne novine« and enters into force on 1 January 2023. (2) Provisions of Articles 2 and 3 of this Regulation are first applied to reporting periods starting from 1 January 2023.

APPENDIX 1
CHART OF ACCOUNTS FOR FUND MANAGEMENT COMPANIES 0 INTANGIBLE, TANGIBLE ASSETS AND LONG-TERM INVESTMENTS 1 CASH AND RECEIVABLES 2 LIABILITIES 3 SECURITIES AND OTHER FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS 4 OTHER FINANCIAL ASSETS 5 SMALL EQUIPMENT/INVENTORY 6 EXPENSES 7 REVENUE/INCOME 8 OPERATING RESULT 9 EQUITY, RESERVES AND OFF-BALANCE SHEET RECORDS 0 INTANGIBLE, TANGIBLE ASSETS AND LONG-TERM INVESTMENTS 00 Long-term intangible assets 01 Long-term tangible assets 02 Advances for long-term intangible and tangible assets and long-term intangible and tangible assets under preparation 03 Other assets 1 CASH AND RECEIVABLES 10 Cash and cash equivalents 11 Receivables from fund and portfolio management 12 Receivables for other fees and commissions 13 Receivables from accrued interest, dividends, profit shares and other investments 14 Receivables from investments in financial instruments 15 Receivables from state authorities and other institutions 16 Receivables from employees 17 Other assets 19 Prepaid future period expenses and accrued but uncollected revenue 19x Deferred tax assets 2 LIABILITIES 20 Liabilities from fund and portfolio management 21 Financial liabilities 23 Interest payable 24 Trade payables 25 Employee benefits payable 26 Taxes, contributions and other levies payable 27 Dividend or profit share distributions payable 28 Provisions for liabilities 29 Deferred expense payments and revenue of future periods 29x Deferred tax liabilities 3 FINANCIAL ASSETS 30 Financial assets at fair value through profit or loss 31 Financial assets at fair value through other comprehensive income 32 Financial assets at amortized cost 5 SMALL EQUIPMENT/INVENTORY 6 EXPENSES 60 Material costs 61 Service costs 62 Salaries, fees and similar remuneration costs 63 Other administrative expenses 64 Fund and portfolio management costs 640 Costs of the fund borne by the fund management company 641 Costs for delegated management activities 642 Representative costs 643 Other fund costs 644 Portfolio management costs 65 Depreciation and impairment costs (except financial assets) 66 Losses from investments in financial instruments 660 Unrealized losses on financial assets 661 Impairment for expected credit losses 669 Other losses from investments in financial instruments 67 Loss on sale of financial instruments and other assets 670 Loss on sale of financial instruments 671 Loss on sale of other assets 68 Interest expenses and negative exchange differences 680 Interest expenses 681 Negative exchange differences 69 Costs of provisions for unforeseen liabilities 7 REVENUE/INCOME 70 Fees from fund management 700 700x 700y Management fee Fee for UCITS fund management Fee for alternative investment fund management 701 Performance fee 702 702x 702y Entry fee UCITS fund entry fee Alternative investment fund entry fee 703 703x 703y Exit fee UCITS fund exit fee Alternative investment fund exit fee 709 Other 71 Revenue from fees and commissions for portfolio
management 72 Revenue from investment advisory fees and commissions 73 Interest income 74 Positive exchange differences 75 Revenue from investments in financial instruments 750 Realized gains on sale of financial instruments 751 Unrealized gains from investments in financial instruments 752 Gains on impairment for expected credit losses 759 Other revenue from investments in financial instruments 76 Revenue from sale of other assets 77 Revenue from reversal of provisions 78 Other revenue 79 Difference between revenue and expenses 8 OPERATING RESULT 80 Profit or loss before taxation 81 Income tax 82 Profit or loss after taxation 9 EQUITY, RESERVES AND OFF-BALANCE SHEET RECORDS 90 Paid-up and subscribed share capital 91 Reserves formed from profit after taxation 92 Capital reserves 93 Revaluation reserves 93x Revaluation reserves for financial assets and liabilities at fair value through other comprehensive income 93y Revaluation reserves for other assets 94 Other reserves 95 Retained earnings, transferred loss, profit or loss of the current year 950 Retained earnings from previous periods 951 Transferred loss from previous periods 952 Profit of the current year 953 Loss of the current year 98 Active off-balance sheet records 980 Client cash – portfolio management 981 Client receivables 982 Financial instruments linked to client portfolio management agreement 983 Guarantees 984 Contractual value of derivatives (active account) 985 Repo agreements (collateral) 989 Other active off-balance sheet records 99 Passive off-balance sheet records 990 Liability to client for received cash 991 Other liabilities to clients 992 Liability for guarantees 993 Contractual value of derivatives (passive account) 994 Liabilities linked to repo agreements 999 Other passive off-balance sheet records

APPENDIX 2 (NN 155/22)
FINANCIAL REPORTS OF FUND MANAGEMENT COMPANIES Form IFP (Statement of Financial Position) Name of fund management company: _____________________________________________ OIB (Tax ID): ________________________________________________________________ As at date: ____________________________________________________________ (in euros) Position AOP | Last date of previous business year | As at reporting date of current period ASSETS 1 10+13* Cash and cash equivalents | 2 30+31+13* Financial assets at fair value | 3 32+13* Financial assets at amortized cost | 4 11 Receivables from fund and portfolio management | 5 12+13+14+15+16+17 Other receivables | 6 01 Real estate, property and equipment | 7 00 Intangible assets | 8 19x Deferred tax assets | 9 02+03+19 (except 19x) Other assets | 10 Total Assets (∑from AOP2 to AOP10) | 11 98 Off-balance sheet records | 12 EQUITY AND LIABILITIES 13 Equity and reserves (∑from AOP15 to AOP20) | 14 90 Share capital | 15 91+92+94 Capital reserves | 16 93x Fair value reserves | 17 93y Other revaluation reserves | 18 950+951 V. Retained earnings or transferred loss | 19 952+953 VI. Profit or loss of current year | 20 Liabilities (∑from AOP22 to AOP25) | 21 20 Liabilities from fund and portfolio management | 22 21+23* Financial liabilities | 23 24+25+26+27+28+29 (except 29x) Other liabilities | 24 29x Deferred tax liabilities | 25 Total Equity and Liabilities (AOP14+AOP21) | 26 99 Off-balance sheet records | 27 *interest calculated on financial instrument

Form ISD (Statement of Comprehensive Income)
Name of fund management company: _____________________________________________ OIB (Tax ID): ________________________________________________________________ For period: _________________________________________________________ (in euros) Account | Position AOP | Same period previous year | Current period Revenue from fund management (AOP29+AOP32+AOP35+AOP38) | 28 700 Management fee | 29 700x UCITS fund | 30 700y Alternative investment fund | 31 702 Revenue from entry fees | 32 702x UCITS fund | 33 702y Alternative investment fund | 34 703 Revenue from exit fees | 35 703x UCITS fund | 36 703y Alternative investment fund | 37 701+709 Other revenue | 38 Expenses from fund management (AOP40+AOP41) | 39 -642 Costs for intermediation in share sales | 40 -640-641-643 Other expenses | 41 Net result from fund management (AOP28 +AOP39) | 42 71-644 Net revenue from portfolio management | 43 72 Revenue from investment advisory services | 44 -60-61-62-63-65 General and administrative operating expenses | 45 Net financial result (∑ from AOP47 to AOP50) | 46 73-680 Net revenue from interest | 47 74-681 Net exchange differences | 48 752-661 Net result on impairment for expected credit losses | 49 73+750+751+759+76-660-669-670 Other revenue and expenses from financial instruments | 50 77+78-+76-671-69 Other revenue and expenses | 51 Total Revenue | 52 Total Expenses | 53 Profit or loss before taxation (AOP42+AOP43+AOP44+AOP45+AOP46+AOP51) | 54 Income tax | 55 Profit or loss (AOP54 AOP55) | 56 Other comprehensive income (AOP58+AOP63) | 57 Items that will not be reclassified to profit or loss (Σ from AOP59 to AOP62) | 58 Change in revaluation reserves: real estate, property, equipment and intangible assets | 59 Change in fair value of equity instruments | 60 Changes on other items that will not be reclassified to profit or loss | 61 Income tax relating to items that will not be reclassified | 62 Items that can be reclassified to profit or loss (AOP64+AOP67+AOP70) | 63 Change in revaluation reserves: debt securities (AOP63+AOP64) | 64 – unrealized gains/losses | 65 – transferred to profit or loss (reclassification adjustments) | 66 Changes on other items that can be reclassified to profit or loss (AOP66+AOP67) | 67 – gains/losses | 68 – transferred to profit or loss (reclassification adjustments) | 69 Income tax relating to items that can be reclassified to profit or loss | 70 Total comprehensive income (AOP56+AOP57) | 71

Form INTd (Statement of Cash Flows - Direct Method) Name of fund management company: _____________________________________________ OIB (Tax ID): ________________________________________________________________ For period: _________________________________________________________ (in euros) Position AOP | Same period previous year | Current period Net cash flows from operating activities (AOP73 to AOP82) | 72 Receipts from fund management fees | 73 Receipts from other fees and commissions | 74 Other receipts from funds | 75 Payments for fund and portfolio management | 76 Cash paid to suppliers | 77 Cash paid to employees | 78 Interest expenses | 79 Tax payments | 80 Other receipts from operating activities | 81 Other expenses from operating activities | 82 Net cash flows from investing activities (∑AOP84 to AOP93) | 83 Receipts from sale of financial instruments | 84 Payments for purchase of financial instruments | 85 Receipts from interest | 86 Receipts from dividends | 87 Payments for placements in granted loans and other financial instruments | 88 Receipts from collection of granted loans and other financial instruments | 89 Payments for purchase of real estate, property, equipment and intangible assets | 90 Receipts from sale of real estate, property, equipment and intangible assets | 91 Other receipts from investing activities | 92 Other expenses from investing activities | 93 Net cash flows from financing activities (Σ AOP95 to AOP103) | 94 Payments by owners of fund management company | 95 Payments for purchase of own shares/share buyback | 96 Dividend or profit share distribution paid | 97 Receipts from loans | 98 Payments for repayment of received loans | 99 Receipts from issued financial instruments | 100 Payments for issued financial instruments | 101 Other receipts from financing activities | 102 Other expenses from financing activities | 103 Effects of exchange rate changes on foreign currencies | 104 Net increase/decrease in cash (AOP72+AOP83+AOP94+AOP104) | 105 Cash at beginning of period | 106 Cash at end of period (∑AOP105+AOP106) | 107

Form INTi (Statement of Cash Flows - Indirect Method) Name of fund management company: _____________________________________________ OIB (Tax ID): ________________________________________________________________ For period: _________________________________________________________ (in euros) Position AOP | Same period previous year | Current period Net cash flows from operating activities (∑AOP109 to AOP123) | 108 Profit/loss before taxation of current year or period | 109 Depreciation of real estate, property, equipment and intangible assets | 110 Impairment of receivables and write-offs | 111 Provisions | 112 Interest income | 113 Interest expenses | 114 Gains/losses on investments in financial instruments | 115 Net result on impairment for expected credit losses | 116 Increase/decrease in receivables from fund and portfolio management | 117 Increase/decrease in other receivables | 118 Interest expenses paid | 119 Increase/decrease in other asset items | 120 Increase/decrease in liabilities from fund and portfolio management | 121 Increase/decrease in other liabilities | 122 Income tax paid | 123 Net cash flows from investing activities (∑AOP125 to AOP134) | 124 Receipts from sale of financial instruments | 125 Payments for