Croatian Financial Services Supervisory Agency, 10000 Zagreb, Franje Račkoga 6, p.p. 164, Croatia t: 01 6173 200, f: 01 4811 507, e: info@hanfa.hr, OIB: 49376181407, MB: 02016419, w: www.hanfa.hr

RULEBOOK ON THE STRUCTURE AND CONTENT OF ANNUAL AND SEMI-ANNUAL FINANCIAL STATEMENTS AND OTHER REPORTS OF THE ALTERNATIVE INVESTMENT FUND MANAGEMENT COMPANY (Narodne novine, number 150/22 and 66/26 – unofficial consolidated text)

INTRODUCTORY PROVISIONS

Article 1 (NN 66/26)

This Rulebook prescribes:

• the structure and content and the publication, manner and deadlines for the submission of annual and semi-annual financial statements of the alternative investment fund management company (hereinafter: UAIF),

• the structure and content and the manner and deadlines for the submission of other reports of the UAIF that UAIFs are obliged to prepare for the needs of the Croatian Financial Services Supervisory Agency (hereinafter: Hanfa),

• the chart of accounts of the UAIF.

OBLIGOR OF PREPARATION AND SUBMISSION

Article 2 (NN 66/26)

The obligor of the preparation and submission of the reports referred to in Article 1 of this Rulebook is a UAIF to which Hanfa has issued an operating licence referred to in Article 28 of the Act on Alternative Investment Funds (»Narodne novine«, number 21/18, 126/19, 110/21, 83/23, 152/24 and 13/26).

(2) A small UAIF is not subject to the obligation to prepare semi-annual financial statements.

KEEPING BUSINESS BOOKS AND PREPARING FINANCIAL STATEMENTS

Article 3 (NN 66/26)

(1) A UAIF is obliged to keep business books and to prepare annual and semi-annual financial statements (hereinafter: financial statements) in accordance with the Act and the regulations governing the accounting of entrepreneurs and the International Financial Reporting Standards, unless otherwise prescribed by this Rulebook.

(2) A UAIF is obliged to record business events in its business books using accounts at least to the extent equal to the prescribed chart of accounts from Annex 1, which is an integral part of this Rulebook.

CONTENT AND FORM OF FINANCIAL STATEMENTS

Article 4

(1) The financial statements of a UAIF consist of the statements referred to in Article 69, paragraph 2 of the Act.

(2) The content and form of the financial statements of a UAIF are prescribed by the forms from Annex 2, which is an integral part of this Rulebook.

ADDITIONAL REPORT

Article 5

(1) A large and medium-sized UAIF is obliged, in addition to the financial statements referred to in Article 4 of this Rulebook, to prepare a report on the structure of the financial assets and liabilities of the UAIF.

(2) The content and form of the report on the structure of the financial assets and liabilities of the UAIF are prescribed by the forms from Annex 3, which is an integral part of this Rulebook.

REPORTING PERIODS

Article 6 (NN 66/26)

(1) A UAIF is obliged to prepare:

• the financial statements referred to in Article 4, paragraph 1 of this Rulebook for the period of the business year and semi-annual statements for the first six months of the business year and

• the reports on the structure of financial assets and liabilities referred to in Article 5 of this Rulebook as at the last day of the business year, that is, as at the last day of the reporting period of the first six months of the business year.

  (2) The annual financial statements referred to in Article 4, paragraph 1 of this Rulebook must be audited by an external independent certified auditor, and prepared in accordance with the structure and content defined by the forms Financial statements of UAIF from Annex 2 of the Rulebook.

  (3) The consolidated annual financial statements of a UAIF must be audited by an external independent certified auditor, and prepared in accordance with the structure and content defined by the forms Financial statements of UAIF from Annex 2 of this Rulebook.

  (4) The notes to the financial statements that are an integral part of the semi-annual financial statements should include only significant business events and changes in accounting policies compared to the last published annual financial statements.

  (4) When preparing the cash flow statement, a UAIF may use the direct or indirect method.

  (5) In addition to the data from the financial statements referred to in Article 4, paragraph 1 and the reports referred to in Article 5 of this Rulebook, Hanfa may request from a UAIF additional data, information and explanations of individual items in the reports.

DEADLINES AND MANNER OF SUBMISSION

Article 7 (NN 66/26)

(1) A UAIF is obliged to submit the reports on the structure of financial assets and liabilities referred to in Article 6, paragraph 1, subparagraph 2 of this Rulebook within four months after the expiry of the reporting period.

(2) A UAIF is obliged to submit the audited annual financial statements referred to in Article 6, paragraph 2 of this Rulebook within four months after the expiry of the reporting period.

(3) A UAIF is obliged to submit the audited consolidated annual financial statements referred to in Article 6, paragraph 3 of this Rulebook within six months after the expiry of the reporting period.

Article 8 (NN 66/26)

(1) A UAIF shall submit to Hanfa the report on the structure of financial assets and liabilities referred to in Article 6, paragraph 1, subparagraph 2 of this Rulebook in electronic form in accordance with Hanfa's Technical Instruction.

(2) A UAIF is obliged to submit the annual financial statements referred to in Article 6, paragraph 2 of this Rulebook and the annual consolidated financial statements referred to in Article 6, paragraph 3 of this Rulebook, together with the auditor's report on the performed audit of the (consolidated) annual financial statements and the annual report of the UAIF, in the manner and in accordance with Hanfa's Technical Instruction.

(3) In addition to the reports referred to in Article 6 of this Rulebook, a UAIF is obliged to submit, at Hanfa's request, also other documentation or data for the purposes of supervision or for the performance of other tasks within the competence and scope of Hanfa in connection with the operations of the UAIF, in the manner prescribed by the provisions of this Article and within the deadline specified in the request.

(4) Hanfa may, if necessary, request from a UAIF the submission of certain documentation prescribed by this Rulebook also in the original or a certified copy, irrespective of the submission made in electronic form.

PUBLICATION OF FINANCIAL STATEMENTS

Article 9

(1) The UAIF is obliged to publish the audited (consolidated) annual financial statements on its website (together with the auditor's report on the performed audit of the (consolidated) annual financial statements and the annual report of the UAIF), within the deadlines identical to the deadlines from Article 7, paragraphs 2 and 3 of this Ordinance.

(2) The UAIF is obliged to have published on its website the financial statements from paragraph 1 of this Article for at least the last 5 business years or shorter if the UAIF has been operating for less than five years.

TRANSITIONAL AND FINAL PROVISIONS

Article 10

(1) This Ordinance shall be published in the »Narodne novine«, and shall enter into force on 1 January 2023.

(2) The UAIF is obliged to submit the first reports in accordance with Annexes 1, 2 and 3 of this Ordinance for the reporting periods beginning from 1 January 2023.

(3) Reports for periods up to 1 January 2023 shall be submitted in accordance with Annexes 1, 2 and 3 of the Ordinance on the structure and content of annual and semi-annual financial statements and other reports of the management company of alternative investment funds (»Narodne novine« No. 13/19 and 137/2021), in the manner prescribed by Article 8 of this Ordinance.

(4) Upon the entry into force of this Ordinance, the Ordinance on the structure and content of annual and semi-annual financial statements and other reports of the management company of alternative investment funds (»Narodne novine« No. 13/19 and 137/2021) shall cease to be valid.

TRANSITIONAL AND FINAL PROVISION

Ordinance on Amendments to the Ordinance on the structure and content of annual and semi-annual financial statements and other reports of the management company of alternative investment funds

(Narodne novine, No. 66/26), entered into force on 2 July 2026, except for Article 8 which enters into force on 1 January 2027.

Article 9

The provision of Article 8 of this Ordinance shall be applied for the first time to reporting periods beginning on 1 January 2027.

Article 10

This Ordinance shall enter into force on the eighth day from the day of publication in the »Narodne novine«, except for Article 8 which enters into force on 1 January 2027.

ANNEX 1 CHART OF ACCOUNTS FOR UAIF

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 INVENTORY
6	EXPENSES
7	INCOME
8	OPERATING RESULT
9	CAPITAL, 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

11 Receivables from fund and portfolio management

13 Receivables from accrued interest, dividends, shares in profit and other investments

14 Receivables from investments in financial instruments

15 Receivables from state units and other institutions

16 Receivables from employees

17 Other assets

19 Deferred tax assets and prepaid expenses of future periods and unmatured collection of income

19x Deferred tax assets

2 LIABILITIES

20 Liabilities from fund and portfolio management

21 Financial liabilities

23 Interest liabilities

24 Liabilities to suppliers

25 Liabilities to employees

26 Tax, contribution and other fee liabilities

27 Dividend or profit share payment liabilities

28 Provisions for liabilities

29 Deferred tax liabilities and deferred costs and income 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 amortised cost

5 SMALL INVENTORY

6 EXPENSES

60 Material costs

61 Service costs

62 Salary, fee and similar remuneration costs

63 Other administrative costs

64 Fund and portfolio management costs

640 Fund costs borne by the management company

641 Costs for delegated management activities

642	Representative costs
643	Other fund costs
644	Portfolio management costs
65	Depreciation and valuation adjustments (excluding financial assets)
66	Losses from investments in financial instruments
660	Unrealised 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 and negative exchange difference expenses
680	Interest expenses
681	Negative exchange differences
69	Costs of provisions for contingent liabilities
7	INCOME
70	Income from fund management fees
700	700x	Management fee Management fee for a UCITS fund
	700y	Management fee for an AIF
701	Performance fee
702	702x	Entry fee Entry fee of a UCITS fund
	702y	Entry fee of an AIF
703	703x	Exit fee Exit fee of a UCITS fund
	703y	Exit fee of an AIF
709	Other
71	Income from fees and commissions from portfolio management
72	Income from fees and commissions from investment advisory
73	Interest income
74	Positive exchange differences
75	Income from investments in financial instruments
750	Realised gains from the sale of financial instruments
751	Unrealised gains from investments in financial instruments
752	Gains from impairment for expected credit losses
759	Other income from investments in financial instruments
76	Income from the sale of other assets
77	Income from the release of provisions
78	Other income
79	Difference between income and expenses
8	OPERATING RESULT
80	Profit or loss before tax
81	Corporate income tax
82	Profit or loss after tax
9	CAPITAL, RESERVES AND OFF-BALANCE SHEET RECORDS
90	Paid-in and subscribed share capital
91	Reserves formed from profit after tax
92	Capital reserves
93	Revaluation reserves
93x	Revaluation reserves of financial assets and liabilities at fair value through other comprehensive income
93y	Revaluation reserves of 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 funds – portfolio management
981	Client receivables
982	Financial instruments related to the client portfolio management contract
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 the client for funds received
991	Other liabilities to the client
992	Liability for guarantees
993	Contractual value of derivatives (passive account)
994	Liabilities related to repo agreements
999	Other passive off-balance sheet records

ANNEX 2

FINANCIAL STATEMENTS OF THE UCITS

STATEMENT OF FINANCIAL POSITION

Name of the UCITS: _______________________________________ OIB: ______________________________________________ As at: __________________________________________

(in EUR)

Item	AOP	Last date of the previous business year	As at the reporting date of the 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 amortised cost	4
11	Receivables from fund and portfolio management	5
13+14+15+16+17	Other receivables	6
01	Property, plant 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	Retained earnings or transferred loss	19
952+953	Profit or loss of the current year	20
	Liabilities (∑from AOP22 to AOP25)	21
20+23*	Liabilities from fund and portfolio management	22
21	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
	Appendix**	28
	Attributed to master unit holders	29
	Attributed to minority interest	30

[*] Accrued interest per financial instrument

[**] Position for consolidated financial statements

STATEMENT OF COMPREHENSIVE INCOME (NN 66/26)

Name of the UCITS: _______________________________________ OIB: ______________________________________________ For the period: ________________________________________

			(in EUR)
Account	Position	AOP	Same period of the previous year	Current period
	Revenue from fund management (AOP32+AOP35+AOP38+AOP41)	31
700	Management fee (AOP33+AOP34)	32
700x	UCITS fund	33
700y	alternative investment fund	34
702	Revenue from entry fees (AOP36+AOP37)	35
702x	UCITS fund	36
702y	alternative investment fund	37
703	Revenue from exit fees (AOP39+AOP40)	38
703x	UCITS fund	39
703y	alternative investment fund	40
701+709	Other revenue	41
	Expenses from fund management (AOP43+AOP44)	42
-642	Costs for intermediation in the sale of shares	43
-640-641-643	Other expenses	44
	Net result from the management of investment funds (AOP31+AOP42)	45
71-644	Net income from portfolio management	46
72	Income from investment advisory	47
-60-61-62-63-65	General and administrative operating expenses	48
76+77+78+-671-69	Other operating income and expenses	49
	Operating profit (net result from registered activities) (AOP45+AOP46+AOP47-AOP48+AOP49)	50
	Net result from investments (AOP52+AO53+AOP54)	51
73-680	Net interest income	52
74-681	Net exchange differences	53
73+75+76-66-670	Other income and expenses from investments	54
	Net result from financing (AOP56+AOP57)	55
-680	Interest expense	56
74+75-67	Other income and expenses from financing	57
	Total income	58
	Total expenses	59
	Profit or loss before taxation (AOP50+AOP51+AOP55)	60
	Corporate income tax	61
	Profit or loss (AOP60-AOP61)	62
	Other comprehensive income (AOP64+AOP69)	63
	Items that will not be reclassified to profit or loss (Σ from AOP65 to AOP68)	64
	Change in revaluation reserves: property, plant and equipment and intangible assets	65
	Change in fair value of equity instruments	66
	Changes in other items that will not be reclassified to profit or loss	67
	Tax on profit relating to items that will not be reclassified	68
	Items that can be reclassified to the income statement (AOP70+AOP73+AOP76)	69
	Change in revaluation reserves: debt securities (AOP71+AOP72)	70
	– unrealised gains/losses	71
	– transferred to the income statement (reclassification adjustments)	72
	Changes in other items that can be reclassified to the income statement (AOP74+AOP75)	73
	– gains/losses	74
	– transferred to the income statement (reclassification adjustments)	75
	Tax on profit relating to items that can be reclassified to the income statement	76
	Total comprehensive income (AOP62+AOP6)	77
	Addendum**	78
	Attributed to equity holders	79
	Attributed to non-controlling interest	80

[**] line item for consolidated financial statements

STATEMENT OF CASH FLOWS (NN 66/26) (direct method)

Name of the UCITS: _______________________________________ OIB: ______________________________________________ For the period: ________________________________________

(in EUR)	Line item	AOP	Same period of the previous year	Current period
	Net cash flows from operating activities (∑AOP82 to AOP91)	81
	Receipts from fund management fees	82
	Receipts from other fees and commissions	83
	Other receipts from funds	84
	Payments for fund and portfolio management	85
	Cash paid to suppliers	86
	Cash paid to employees	87
	Interest payments	88
	Tax payments	89
	Other receipts from operating activities	90
	Other payments from operating activities	91
	Net cash flows from investing activities (∑AOP93 to AOP102)	92
	Proceeds from the sale of financial instruments	93
	Expenditures for the purchase of financial instruments	94
	Proceeds from interest	95
	Proceeds from dividends	96
	Expenditures for placements in loans granted and other financial instruments	97
	Proceeds from collections of loans granted and other financial instruments	98
	Expenditures for the purchase of property, plant, equipment and intangible assets	99
	Proceeds from the sale of property, plant, equipment and intangible assets	100
	Other proceeds from investing activities	101
Other expenditures from investing activities	102
Net cash flows from financing activities (AOP104 to AOP112)	103
Payments by the owner of the management company	104
Expenditures for the purchase of own shares/redemption of interests	105
Payment of dividends or profit shares	106
Receipts from loans	107
Expenditures for repayment of received loans	108
Receipts from issued financial instruments	109
Expenditures from issued financial instruments	110
Other receipts from financing activities	111
Other expenditures from financing activities	112
Effects of changes in foreign currency exchange rates	113
Net increase/decrease in cash (AOP81+AOP92+AOP103+AOP113)	114
Cash at the beginning of the period	115
Cash at the end of the period (AOP114+AOP115)	116

CASH FLOW STATEMENT (NN 66/26)

(indirect method)

Name of UAIF: _______________________________________ OIB: ______________________________________________ For the period: ________________________________________

(in EUR)

Position	AOP	Same period of the previous year	Current period
Net cash flows from operating activities (∑AOP118 to AOP132)	117
Profit/loss before taxation of the current year or current period	118
Depreciation of real estate, plant, equipment and intangible assets	119
Impairment of receivables and similar write-offs	120
Reservations	121
Interest income	122
Interest expenses	123
Gains/losses from investments in financial instruments	124
Net result from impairment for expected credit losses	125
Increase/decrease in receivables from fund and portfolio management	126
Increase/decrease in other receivables	127
Interest expenses	128
Increase/decrease in other asset items	129
Increase/decrease in liabilities from fund and portfolio management	130
Increase/decrease in other liabilities	131
Income tax paid	132
Net cash flows from investing activities (∑AOP134 to AOP143)	133
Receipts from the sale of financial instruments	134
Expenditures for the purchase of financial instruments	135
Interest receipts	136
Dividend receipts	137
Expenditures on placements in granted loans and other financial instruments	138
Receipts from the collection of granted loans and other financial instruments	139
Expenditures for the purchase of real estate, plant, equipment and intangible assets	140
Receipts from the sale of real estate, plant, equipment and intangible assets	141
Other receipts from investing activities	142
Other expenditures from investing activities	143
Net cash flows from financing activities (∑ AOP145 to AOP153)	144
Payments by the owners of the management company	145
Expenditures for the purchase of own shares/redemption of units	146
Payment of dividends or shares in profit7	147
Receipts from loans	148
Expenditures for the repayment of received loans	149
Receipts from issued financial instruments	150
Expenses on issued financial instruments	151
Other receipts from financial activities	152
Other expenses from financial activities	153
Net increase/decrease in cash (AOP117+AOP133+AOP144)	154
Cash at the beginning of the period	155
Cash at the end of the period	156

(AOP154+AOP155)

STATEMENT OF CHANGES IN EQUITY

Name of the AIFM: _______________________________________ OIB: ______________________________________________ For the period: ________________________________________

(in EUR)

Capital and reserves Position	Distributable to owners of the parent						Distributable to owners of non-controlling interests	Total capital and reserves
	Subscribed capital	Capital reserves	Fair value reserves	Other revaluation reserves	Retained earnings or accumulated loss	Profit or loss for the current year (period)
Balance as at the beginning of the previous financial year
Changes in accounting policies
Correction of errors from previous periods
Balance as at the beginning of the previous financial year (restated)
Profit or loss for the period
Changes in fair value of financial instruments
Other gains and losses from investments in financial instruments
Changes in other revaluation reserves (property, plant, equipment and intangible assets)
Other non-owner changes in equity
Tax on items recognised directly in or transferred from equity and reserves
Total income and expenses recognised directly in the previous year (period from the previous year)
Increase/decrease in subscribed capital
Other contributions by owners
Payment of share in profit
Other distributions to owners
Balance as at the last day of the reporting period of the previous financial year
Balance as at the beginning of the current financial year
Changes in accounting policies
Correction of errors from previous periods
Balance as at the beginning of the current financial year (restated)
Profit or loss for the period
Changes in fair value of financial instruments
Other gains and losses from investments in financial instruments
Changes in other revaluation reserves (property, plant, equipment and intangible assets)
Other non-owner changes in equity
Tax on items recognised directly in or transferred from equity and reserves
Total income and expenses recognised directly in the current year (current period)
Increase/decrease in subscribed capital
Other contributions by owners
Payment of share in profit
Other distributions to owners
Balance as at the last day of the reporting period of the current financial year

NOTES TO THE FINANCIAL STATEMENTS

Name of the UAIF: _______________________________________ OIB: ______________________________________________ For the period: ________________________________________

The notes to the financial statements are prepared in accordance with the provisions of International Financial Reporting Standards (hereinafter: IFRS) in such a way that they should:

a) provide information on the basis for the preparation of the financial statements and certain accounting policies applied in accordance with International Accounting Standard 1 (IAS 1),

b) disclose information under IFRS that is not presented in the statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity,

c) provide additional information that is not presented in the statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity, but is important for understanding any of them.

Date of the report:
Authorised person of the UAIF:

---

---

ANNEX 3. REPORT ON THE STRUCTURE OF FINANCIAL ASSETS AND LIABILITIES OF THE UAIF

Deposits

BIC of the bank	Name of the bank	Contracted amount in the currency of the principal	Currency code	Amount of interest in the currency	Sum of principal and interest in EUR	Impairment for expected credit losses

Shares

ISIN	Name of the issuer	Quantity	Fair price in the currency	Currency code	Value of the investment in EUR	Share in the ownership of the issuer

Debt securities

ISIN	Name of the issuer	Nominal value in the currency	Currency code	Fair price	Amount of interest in the currency	Sum of principal and interest in EUR	Share in the issue	Impairment for expected credit losses

Money market instruments

ISIN	Name of the issuer	Nominal value in the currency	Currency code	Fair price	Value of the investment in EUR	Share in the issue	Impairment for expected credit losses

Units of investment funds

ISIN	Name of the management company	Name of the fund	Quantity	Fair price in the currency	Currency code	Value of the investment in EUR	Share in the issue

Derivatives

Type of derivative	Description	Other contracting party	VAT ID of the other contracting party	Date of conclusion of the contract	Maturity date
Nominal value in currency	Currency code	Agreed exchange rate/ Exercise price	Spot exchange rate/price	Fair value of investment in EUR

Business shares

Name of company	VAT ID of company	Description	Value of investment in EUR	Share in ownership of the issuer

Repo contract (reverse repo contract)

Description (repo/reverse repo contract)	Contract number	Date of conclusion of the contract	Contract maturity date	Name of the other contracting party	Agreed principal amount in currency
Currency code	Agreed repo rate	Value in EUR	Value of collateral in EUR	Impairment for expected credit losses

Collateral of repo contract (reverse repo contract)

Contract number	ISIN	Price	Quantity/nominal value	Currency code	Value of collateral in EUR

Other assets

Description	Date of conclusion	Maturity date	Name of the other contracting party/issuer	Agreed principal amount in currency
Currency code	Agreed interest rate	Value of investment in EUR	Impairment for expected credit losses