Croatian Agency for SMEs, Innovations and Investments HAMAG-BICRO (,,Agency") Financial statements for the year ended 31 December 2015 Content Independent Auditor's report 1 Referent page accompanying financial statements 2 Balance sheet 3-7 Statement on revenues and expenditures, receipts and spending 8-26 Statement of changes in value and range of assets and liabilities 27 Notes to financial statements 28-36 Independent Auditor's Report We were engaged to audit the accompanying financial statements of Croatian Agency for SMEs, Innovations and Investments HAMAG-BICRO ("the Agency"), which comprise the balance sheet as at 31 December 2015, the statement of revenues and expenditures, receipts and spending and the statement of changes in value and range of assets and liabilities for the year then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with the Croatian Laws and regulations for budget organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on conducting the audit in accordance with International Standards on Auditing. Because of the matters described in the Basis for Disclaimer of Opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Basis for Disclaimer of Opinion As described in Note 1 to the financial statements all the assets and liabilities resulting from previously state budget financed operations of BICRO d.o.o. and HIT d.o.o. should have been transferred to the Agency in prior years. We were unable to obtain appropriate representations from the Agency with respect to the existence and completeness of the transfer of assets and liabilities as at 31 December 2015. We could not determine the effect of the lack of such representations on the financial position of the Agency as at 31 December 2015 and the elements making up the statement of revenues and expenditures, receipts and spending. In addition, as described in Note 3 to the financial statements, no impairment has been recognized for receivables expected to be unrecoverable as Management does not have the authority to record an impairment of assets. Receivables as at 31 December 2016 include receivables for activated guarantees of HRK 176,169 thousand and loans to domestic companies outside the public sector of HRK 36,671 thousand accounted for on a cost basis with no impairment. Had the receivables been recognized at a recoverable amount, the financial position of the Agency as at 31 December 2015 and the elements making up the statement of revenues and expenditures, receipts and spending in the accompanying financial statements would have been materially affected. The effects on the financial statements of the failure to account receivables at a recoverable value have not been determined. Disclaimer of Opinion Because of the significance of the matters described in the Basis for Disclaimer of Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on the financial statements. KPMG Croatia d.o. za reviziju Signed on behalf of KPMG Croatia d,o.o. za reviziju: Croatian Certified uditors Eurotower, 17t loor K P M G Croatia Ivana Lulita 2a d,o-o za reviziju Eurotower, 17. kat 10000 Zagreb, Croatia Ivana Lu6ia 2a, 10000 Zagreb 2 Jo5ko D2ida 24 May 2016 Director, Croa c ified auditor HAMAG-BICRO Financial statements for 2015 REFERENT PAGE Reports on budgets, budget and non-budget beneficiaries for the period: 1 sijedanj 2015 - 31 prosinac 2015 WPnumber* 40237 Pdesignationofperiod:j 2015-12 Fhg.no.j 00767875 Report check nunber Name of obligorIHAMAG BICROZagreb Fromdate: 1.1.15 stcodeandplacer 10000 IZAGREB To date: 31,12.2015 treet and numberKSAVER 208 0le( 25609559342 Levöl: 11 budget beneficiary of state budget and head within competent ministry Activity code:I 619 Other auxiliary aclvites for financial services. besides insurance and pension funds Secion:I 051 ection: MIMSTRY OF ENTRPIR P ANDCRAFTS Citylmuncip code1 133 Jcounty:CITYOFZAGE cityfmunicipality:CITYOFZAGEB Contact Perone Milkr Marina Kovae lve uvi NO 11T1lephona +385() 4 Telefax+385(1}1034 completeness of Contecteommiladdress: ifkamnarina.kovacevic@hamagbicro.hr Obligor's *mall address:jhamagblerve_hamnagbicro.hr No ~Legal representativalDarko Iliovid Check state:rNctt.l0 bask7chetka nd 105,790, 87,mme.1 TOhAgL inV ENUE AND EÅlUmeS (Of ast1+4002 .08)1 1 30,521,530 754680 15ang:: TOTAL EXoTluE AfD EXtS (AOP 402+519) 632 150,190,219 153,522,31 EXCE SOF iVI A f EAFNS(I A0OP 631-32) 3233,128 CEFICIT OFFIEVB"RAND EAFNNG.S(AOP 632-631.) 634 01 1,275,486 Gnrpb$c(i0 (P020+9+13)7001 7,9800,4 4,32,492 bEcnomleactivities~(AOP032+035+03904+6-056+557+062+070) 031 97,,09884,320 RA S-funkcijski Expenzesrelated to housing and othe rnot elsewhere clsssified benefits !8 Education (AOP 111 + 114 + 117 + 118 + 121-.124) 1 0 Check sum (AOP 001 + 016 + 024 + 031 + 071 +078 + 085 + 103 * 110 + 125) 137 105,790,736 87,656,912 Change in valu and volumt of asset (AP 0027 018) 001 709 ChangeIns folurne of asse t (AOP 019 + 026) 018 3on,521,53 70i Change In vlue (rbvlloriza tion) and volum of liebilties (AOP 035 f4r t 034 0C Ch.nges In volume of liebilitnes (AOP 041.44) 040 0C LASSE7S (AOP 002 + 063) 001 186,910,800 268,353,23! ICaBh In bank and cas h In hand CAOP 06-70 to 072) .64 11,110,199 1,502 Share and stakes in Pub,6c com panie4 133 12.00 400( LiWbIlRtks I *r loa"n5 from foreign Insurance companies 217 00 Ralanc of llabldes at the beginning of1he reporting period (=AOP 038from theprevious e 001 Eb~lalancce ofiliabitiesgat the end of the reporting period (AOP 001+002.020) and (AOP 037+097) 038 - b ilance of accruals et the end of the reporting period {A0P 040404540864091 039 Total liabilitles for ope rating e xpenses (A P 046+051+056+061086071+076+01) Verzija Excel detoteke:4,1,0. ä on '2kL - Vjeran Vrbanec President of the 3oard Bytris G uMa/ Vice-pr ' ent of the Board 2 HAMAG-BICRO Financial statements for 2015 BALANCE SHEET BALANCE SHEET - balance on 31 December 2015 Obligor: RKP: 46237, MB: 00767875 HAMAG BICRO Zagreb 10000 ZAGREB, KSAVER 208 Level: 11, Section: 051 Activity: 6619 Other auxiliary activities for financial services, besides insurance and pension funds An c.Luni in k u.ni, DC lIudI ii i iit"eoni inex 'fom PTION AOP meo n 1 Jan' Damer_ (n14) ami. plan i ASSETS (AOP 002+063) 001 186,910,800 268,353,235 143.6 o Non-financial assets (AOP 003+007+046+047+051+058) 002 1.646,386 31,809,739 1S932 1 01 Non-produced fid assets (AOP 004 +005-006) 003 223,568 54,347 24.3 011 Tangible assets - natural resources 004 0 0 - 012 Intangible assets 005 6,586,245 447.768 8.8 019 Accumulated depreciation of non-produced fied assets 006 5,362.687 393,421 62 02 Producedfied assets (AOP008+014+024+030+036+040) 007 1,422,828 31,755,392 2.231.9 21 o221 Buildings (AOP 000 to 012-013) 008.0 - 0211 Residential buildings 009 0 0: - 0212 Business buildings 010 0 0 - 0213 Roads, railways and other transport facilities 011 0 0 - 0214 Otherbuildings 012 0 0 - 02921 Accumulated depreciation otbuildings 013 0 0 - 022 02922 Mchineryand equipment (AOP 015 do 022 - 023) 014 546,131 31,157,298 5.705.1 0221 Oflice equipment and furniture 015 . 2.416,357 3.655:473 151.3 0222 Communication equipment 016 21,714 21.864 100.7 0223 Maintenance and protection equipment 017 0 0 - 0224 Medical and laboratoryequipment C18 0 29.226,668 - 0225 Instruments, deAces and machinery 019 0 0 - 0226 Sports and music equipment 020 0 0 - 0227 Devices, machineryand equipment for other purposes 021 0. 0 - 0228 Mlitaryequipment 022 0 0 - 02922 Accumulated depreciation ofplants and equipment 023 1,891,940 1,746,707 92.3 023 102923 Means of transport (AOP 025 to 028 - 029) 024 48,400 32,266. 661 0231 Means of road transport 026 565.411 565,411. 100.0 0232 Means of railway transport 026 0 0 - 0233 Means of maritime and inland waterway transport 027 0 0 - 0234 Means ofair transport 028 0 0 - 02923 Accumulated depreciation of means of transport 029 517,011 533.145 1031 024 ,02924 Books, works of art and other exhibition valuables (AOP 031 to 034-035) 030 0 0 - 0241 Books 031 0 0 0242 Works of art (exhibited in galleries. museums and the like) 032 0 0 0243 Miseum exhibits and items of natural rarity 033 0 0. 0244 Otherunmentioned exibition goods 034 0 0 02924 Accumulated depreciation ofbooks. works of art and other exhibition goods 035 0 0. 0260202s Perennial plantations and principle herd (AOP 037+038-039) 036 0 0. 0251 Perennial plantations 037 0 0 - 0252 Principle herd 0a 0 0 - 02925 Accumulated depreciation of perennial plantations and primary herd e39 0 0 - 026 i 02926 Produced intangible assets (AOP 041 to 044 - 045) 040 828,297 565,828 68.3 0261 EVoration ofmineral resources 041 0 0 - 0262 Investments in software 042 2,148.702 2,188,702 101.9 0263 Art,literature and academic works 043 0 0 - 0264 Other intangible produced assets 044 0 0- - 02926 Accumulated depreciation of intangible produced assets 045 1,320,405 1.622,874* 122.9 03 Precious metals and other stored valuabies 046 0 0 - 04 Small inventory(AOP 048+049-050) 047 0 0 041 Supplies of small in%entory 048 0 0 - 042 Small inventoryin use 049 241.414 251,298 104.1 049 Accumulated depreciation of small in%entory 05s 241,414 251,298 104.1 :05 Long-term non-fi nancial assets in course of construcion (AOP 052 to 057) 061 0 0 051 Buildings in course of construction 052 0 0 - 052 Machineryand equipment in course of construction 053 0 0 - 053 Means oftranspotin course on construction 054 0 0 - 054 Perennial plantations and primary herd in preparation os 0 0 - l55 Other Intangible produced assets in preparation 066 0 0 L56 her long-term non-financial assets in course of construction 067 0 0 3 HAMAG-BICRO Financial statements for 2015 BALANCE SHEET (continued) acc. tlan 06 Produced current assets (AOP 059 do 062) 088 0 0 - 061 Inentories for performing business activlies 09 0 0 062 Production and products 060 0 0- 063 Stocks of militarysupplies foronceonlyuser 061 0 0 , 064 Goods for further sale 062 0 0, - 1 Financial assets (AOP 064+073+081+112+128+140+157+158) 063 185,264,414 236,543,496. 1277 11 Cash in bank and cash in hand AOP 065+070 do 072) 064 11,110,199. 12,510.269. 112.6 111 Cash in bank (AOP 066 do 069) 065 11,110,199 12,510,269 112.6 1111 Cash on accountat the Croatian National Bank 066 862 0 0.0 1112 Cash on account at domestic commercial banks 067 11,109,337 12.610.269 112.6 1113 Cash on account at foreign commercial banks 068 0 0 1114 Transitional account 069 0 0 - 112 Restricted cash 070 0 0 - 113 Cash in hand 071 0 0 114 Securities inhand 072 0 0 - 12 Deposits, guarantee deposits, receivables from employees and for ovrpaid taxs and on 1,323.204 1.327,002 100.3 other (AOP 074 + 077 to 080) 121 Deposits in credit and other financial institutions 074 1,263.852 1.049,895 83.1 1211 Deposits in domestic credit and other financial institutions 076 1,263,852 1.049,895: 83.1 1212 Deposits in foreign credit and other financial institutions 076 0 0 - 122 Guarantee deposits 077 0 0 123 Receivables from employees 078 4,340 0: 0.0 124 Receivables for overpayments of taxes and contributions 079 0. 3,003 0 129 Otherreceivables 080 55.012 274,104 498.3 13 Receivables for given loans (AOP 082+100-111) 081 164,638,266 210n868,205 128.1 Loans - domestic (AOP 083 do 099) 082 169:009.916 215.239,855 127.4 1321 Loans to non-profitorganizations, citizens and households in the country 083 0 0 1332 Loans to credit institutions in the public sector 064 0 0 11333 Loans to insurance companies in the public sector 036 0 0 1334 Loans to other financial institutions in the public sector 086 0 0 1341 Loans to companies in the public sector 087 0 0 - 1353 Loans to domestic credit institutions outside the public sector 088 0 0 - 1354 Loans to domestic insurance companies outside the public sector 089 0 0 - 1355 Loans to other domestic financial institutions outside the public seclor 090 2,400,000 2,400,000 100.0 1363 Loans to domestic companies outside the public sector 081 96,513,662 125,593,649 130.1 1364 Loans to domestic businesses 092 70,096,254 87,246,206 124.5 1371 Loans to the state budget 093 0 0 - 1372 -Loans to county budgets 094 0 0 - 1373 Loans to city budgets 096 0 0 1374 Loans to municipal budgets 096 0 0 1375 Loans to CPII, the CES and CHIF 097 0 0 - 1376 Loans to other non-budget beneficiaries of the state budget 098 0 0 - 1377 Loans to non-budget beneficiaries of county, cityand municipal budgets 099 0 0 - Loans - foreign (AOP 101 do 110) 100 0 0 - 1313 loans to intemational organizations 101 0 0 1314 Loans to EU institutions and bodies 102 0 0 - 1315 Loans to foreign governments in the EU 103 0 0 - 1316 Loans to foreign governments outside the EU 104 0 0 1322 Loans to non-profitorganizations, citizens and households abroad 10 0 0 - 1356 Loans to foreign credit institutions 106 0 0 - 1357 Loans to foreign insurance companies 107 0 0 1358 Loans to other foreign financial institutions 108 0 0 1365 Loans to foreign companies 109 0 0 - 1366 Loans foreign craftsmen 110 0 0 - 139 Impairmentof given loans 111 4,371,650 4,371,650 100.0 14 Securities (POP 113+120-127) 112 0 0 - Securities - domestic(AOP 114 do 119) 113 0 0 1411 Cheques 114 0 0 1421 Commercial and treasurybills 115 0 0 1431 Bills-of-exchange 1ie 0 0 - 1441 Securities 117 0 0 - 1451 Options and otherfinancial derivatives 41 0 0 - 1461 Other securities 119 0 0 - Securities - Foreign (AOP 121 to 126) 120 0 0 - 1412 Cheques 121 0 0 - 1422 Commercial and teasuryrecords 122 0 0. 1432 Bills 123 0 0 1442 securities 124 0 0 - 1452 Options and other financial derivatives 125 0. 0 1462 OIher securities 126 0 0 149 Impairmentof securities 127 . O 0 4 HAMAG-BICRO Financial slatements for 2015 BALANCE SHEET (continued) Account :- . . . . o u lmncen :1 Index fromL I 1a0PTO .3AOP.g.an1enian es . mcnh . ( 15 Shares and stakes in equity(AOP 129+136-139) 128 12.000 12.000 100.0 Shares and stakes in equity- domestic (AOP 130 to 135) 129 12.000 12,000 100,0 1512 Shares and stakes and equityof public sector credit institutions 130 0 0 - 1613 Shares and Interest in equityof insurance companies in the public sector 131 0 0 - 1514 Shares and interest in equityof other financial institutions in the public sector 132 0 0 - 1521 Shares and stakes and equityof public sector credit companies 133 12.000. 12.000 100,0 1531 Share and interes in equity of domestic credit and other financial Insitutionsoutside the public sector 134 0 0 - 1541 Shares and stakes in equityof domestic companies outside the public sector 13 0 0 Shares and interests in equity- foreign (AOP 137+138) 136 0 0 - 1532 Shares and interests in equityof foreign credit and other financial institution 137 0. 0 - 1642 Shares and interest in equityof foreign companies outside the public sector 138 0 0 - 159 Impairment of shares and interests in equity 139 0 0 - 16 Receivables for operating revenue AOP 141+142+143+151*152+153+154+155-156) 140 6.989.513 10.546.360 150,9 161 Receivables for taxes 141 0 0 162 Receivables from contributions 142 0 0 - 163 Receivables for assistance from abroad, entities within the general budget (AOP 144 do 143 1,395.167 115.021 8,2 150) 1631 Receivables for assistance from foreign govemments 144 0 0 - 1632 Receivables for assistance from international organisations and EU institutions and 145 1.395.167 115,021 8.2 bodies 1633 Receivables for assistance to the budget from other budgets 144 0 0 - 1634 Receivables for assistance from non-budget beneficiaries 147 0 0 - 1635 Assistance for decentralised functions 148 0 0 1636 Receivables for assistance to budget beneficiaries from the budget not relevant to them 149 0 0 - 1638 Receivables for assistance from the state budget based on the transfer of EU funds 150 0 0 - 164 Receivables for revenue from assets 151 5.043.241 8.456.994 167,7 165 Receivables for administrative levies, levies based on particular laws and fees 152 0 0 - 186 Receivables for revenue from the sale of products 163 68.262 105.998 155,3 167 Receivables for revenue from budgets 164 482,843 1.868.347 386.9 168 Receivables for penalties and administrative measures including other revenue 155 0 0 - 169 Impairment of receivables IS 0 0 - 17 Receivables from the sale of non-financial assets 157 0 0 - 19 Ependitures of future periods and accrued income 158 1.191.232 1.279.660 107,4 191 Prepaid expenses for future periods 159 0 - 192 Accrued income 1eO 0: 0, 193 Continued expenses of future periods 161 1,191.232 1.279.660 107,4 LIABILITIESAND OWN SOURCES (AOP 163+224) 162 186.910.800 268.353.235 143,6 2 Liabilities (AOP 164+176+177+193+221) 163 40.623.022 23.251.517 57,2 23 Liabilities for operating expenses (AOP 165 do 167 + 171 do 175) 164 7.650.562 6.306.566 82,4 231 Liabilities to employees 16 1.109.667 1.218,046 109,8 232 Liabilities for material expenses 164 189,844 109.623 57,7 234 Liabilities for financial expenses (AOP 168 do 170) 167 307 0 0,0 2341 Liabilities forinterestforissued securities 1a8 0 0 - 2342 Liabilities for interest for received loans and borrowings 169 0 0 - 2343 Liabilities for other financial expenditures 170 307 0 0.0 235 Liabilities for subsides 171 0 1.341.77 - 236 Liabilities arising from assistance funds within the general budget 172 0, 0 - 237 Liabilities for compensation to citizens and households 173 0 0 - 238 Liabilities for penalties.damage compensation and capital grants 174 0 0 - 239 Other current liabilities 178 6.350.744 3.637.420 57,3 24 Liabilities for acquisition of non-financial assets 176 81.996 81.996 100,0 25 Liabilities for securities (AOP 178+185-192) 177 0 0 - Liabilities for securities - domestic (AOP 179 do 184) 178 0 0 - 2511 Liabilities for checks 179 0 0 - 2521 Liabilities fortreasury bills 180 0 0 - 2531 Liabilities for bills-of-exchange 181 0 0 - 2541 Liabilities for securities 182 0 0 2551 Liabilities for options and other financial derivatives 183 0 0 2561 Liabilities for other securities 184 0 0 Liabilities for securities - foreign (AOP 186 do 191) 186 0 0 - 2512 Liabilities for checks 199 0 0 - 2522 Liabilities fortreasurybills 187 0 0 - 2532 Liabilities for bills-of-exchange 189 0 0 - 2542 Liabilities for securities Ise 0 0 - 2562 Liabilities for options and other financial derivatives 190 0 0 2562 Liabilities forolhersecurities 191 0 0 - 259 Impairment of liabilities for securities 192 0 0 - 26 Liabilities for loans (AOP 194+211) 193 25.355.875 16.604.082 65 5 Liabilities for loans - domestic (AOP 195 to 210) 194 25.355.8675 16,604.062 65.5 2622 Liabilities for loans from credit institutions in the public sector 196 0. 0 - 2623 Liabilities for loans from insurance companies in the public sector 194 0 0 - 2624 Liabilities for loans from other financial institutions in the public sector 197 24,695.875 15.944.062 64,6 2631 Liabilities for loans from companies in the public sector 198 660.000 660.000 100,0 2643 Liabilities for loans from domestic credit institutions outside the public sector 1es 0 0 - 2644 Liabilities for loans from domestic insurance companies outside the public sector 200 0 0 - 2645 Liabilities for loans from other domestic financial institutions outside the public sector 201 0 0 5 2653 Liabilities for loans from domestic companies outside the public sector 202 0 0 2654 Liabilities for loans from domestic businesses 203 0 0 2671 Liabilities for loans from the state budget 204 0 0 2672 Liabilities for loans from countybudgets 208 0 0 - HAMAG-BICRO Financial statements for 2015 BALANCE SHEET (continued) rdiii' i: CMPTION!10~~eo: j Jialiscsmberal -,(14 Ac t.A lance on Vaus t in 6dx acc, elan .- .. - ... . .. --. - I 1-- -- -.L r ... .. 2673 .Liabilities for loans from city budgets 206 0 0 - ,2674 Liabililies for loans from municipal budgets 207 0 0 - !2675 Liabilities for loans from CPII, the CES and CHIF 20s 0t 0 - 2676 Liabilities for loans from other budgetary beneficiaries of state budget 209 0 0 - 12677 Liabilities for loans from non-budgetary beneficiaries of county, city and municipal budgets 210 0 0 - Liabilities for loans -foreign (AOP 212 to 220) 211 0 0 - 2613 Liabilities for loans from international organization 212 0 0 - 2614 Liabilities for loans from EU institutions and bodies 213 0 0 - 2615 Liabilities for loans from foreign govemments in the EU 214 0 0 - 2616 Liabilities for loans from foreign govemments outside the EU 216 0 - 2646 Liabilities for loans from foreign credit institutions 216 0 0 - 2647 Liabilities for loans from foreign insurance companies 217 0 0 - 2648 Liabilities for loans from other international financial institution 218 0i 0 - 2655 Liabilities for loans from foreign companies 219 0. O - 2656 Liabilities for loans from foreign businesses 220 0 0 - 29 Deferred payrnentofe)penditures and revenues for future periods (AOP 222+223) 221 7,534,589. 258,893 34 291 Deferred payrnentofe)penditures 222 0 0 - 292 Paid deferred income 223 7,534,589 258,893 3.4 9 Own sources (225+233-237+241+242+243) 224 146,287,778 245,101,718 167.5 91 Own sources and accumulated depreciation for own sources (AOP 226-229) 221 143,728,213 235,690,496 164.0 911 Own sources (AOP 227+228) 226 144.388,213 238,35b,496 163.7 9111 Own sources from budget 227 144.373,846 228,071,465 158,0 9112 Other own sources 228 14,367 8.279.031 >>100 912 Accumulated depreciation for own sources form liabilities (AOP 230+231) 229 660,000 66,00,0 100.0 19121 Accumulated depreciation for own sources from budget for liabilities 230 0 0 - .9122 Accumulated depreciation forotherown sources forliabilities 231 660.000 660,000 100.0 922 Revenue surplus /deficit (information not entered) 232 0. 0 - 9221 Surplus of revenue (AOP 234 to 236) 233 2,559,565 100,283.298 4,269.6 92211 Surplus of operating revenue 234 2,559,565 109.214,5601 4,266.9 92212 Revenue surplus from non-financial assets , 235 0 68,797 - 92213 Deficit revenue from financial assets 236 0 0 - 9222 Deficit of revenue (AOP 238 to 240) 237 0 106,305,368 - 92221 Deficit from business revenue 238 0 0 92222 Deficit of revenue from non-financial assets 239 0 0 - 92223 Deficit of receipts from financial assets 240 0 108,305,368 - 96 Accrued operating revenue 241 0 8,433,292 97 Accrued revenue from sale of non-financial assets 242 0 0 9B Provisions for revenue surplus 243 0 0 - 99 Off-balance sheet records (= 0) 244 0 0 991 Off-balance sheet records - assets (AOP 246) 246 90,553,001 2,905.948,616 3,209.1 996 Off-balance sheetrecords -liabilities 246 90,553,001. 2,905,948,616 3,209.1 HAMAG-BICRO Financial statements for 2015 BALANCE SHEET (continued) Account . . I ... ceo u.H "caaceonal. Index ic&itan - -. ... dio 13 Receivbles for given loans - accrued 247 142,524,987. 188,970,485 132.6 dio 13 Receivables for given loans - non-accrued 248 22,113,279 21,897,720 990 dio 16 Receivables for operating income - accrued 249 4.928,402 8,295.296 168.3 dio 16 Receivables for operating income - non-accrued 260 2,061,112 2,251,064 109.2 dio 17 Receivables from the sale olnon-financial assets - accrued 261 0 0 - dio 17 Receivables from the sale ofnon-inancial assets - non-accrued 252 0 0 - 13213 Loans to non-profit organizations, citizens and households in the country based on 253 0 0. - protested guarantees 13323 Loans to creditinstitulions in the public sector based on protested guarantees 214 0. O! 13333 Loans to insurance companies in the public sector based on protested guarantees 268 0 0 13343 Loans to other linancial institutions in the public sector based on protested guarantees 28" 0 0 13413 Loans to companies in the public sector based on protested guarantees 257 0 0 13533 Loans to domestic credit institutions outside the public sector based on protested 258 0 0 guarantees 13543 Loans to domestic insurance companies outside the public sector based on protested 269 0 0 guarantees 13553 Loans to other domestictinancial institutions outside the public sector based on 260 0 0 protested guarantees 13633 Loans to domestic companies outside the public sector based on protested guarantees 261 96,513,662 90.272,617 13643 Loans to domestic businesses based on protested guarantees 262 70,096,254 85.205,463 13723 Loans to countybudgets based on protested guarantees 213 0 0 13733 Loans to city budgets based on protested guarantees 24 0 13743 Loans to municipal budgets based on protested guarantees 266 0 13753 Loans to CPII, the CES and CHIF based on protested guarantees 286 0 13763 Loans to other non-budget beneficiaries of the state budgetbased on protested 267 0 guarantees 13773 Loans to non-budget beneficiaries of county, city and municipal budgets based on 268 0 protested guarantees dio 23 Liabilities for operating epenses - accrued 269 6,437.687 2.627,844. 40.8 dio 23 Liabilities for operating e)penses - non-accrued 270 1.212,875' 3,67B,723' 303.3 dio 24 Liabilities for procurement of non-financial assets - accrued 271 0 0 - dio 24 Liabilities for procurement of non-financial assets - non-accrued 272 81,996 81,996 100.0 dio 25 Liabilities for securities - accrued 273 0 0 - dio 25 Liabilities for securities - non-accrued 274 0 0 dio 26 Liabilities for loans and borrowings - accrued 275 9.411,814 2,899.382 30.8 dio 26 Liabilities for loans and borrowings -non-accrued 276 15,944.061 13,704,680 86.0 23951 Liabilities for pre-payments 277 0 - 26223 Liabilities for financial leasing from credit institutions in the public sector 278 0 - 26224 Liabilites for factoring-based loans from credit institutions in the public sector 279 0 - 26233 Liabilities for factoring-based loans from insurance companies in 1ie public sector 280 0 - 26243 Liabilities for factoring-based loans from insurance companies in tie public sector 281 0 - 26244 Liabilities for factoring-based loans from other insurance companies in the public sector 282 0 - 26314 Liabilities for factoring-based loans from companies in the public sector 283 0 - 26433 Liabilities forlinancial leasing from domesticcreditinstitutions outside the public sector 284 0 - 26434 Liabilties for factoring-based loans from domesic credit institutions outside the public sector 285 0 - 26443 Liabities for factoring-based loans from domestic insurance cowanies outside the public sector 266 0 - 26453 Liabiies for financial leasing from domestic insurance financial institutions outside the pubic sector 287 0 - 26454 Liabities for factoring-based loans from other domestic financial inslitutions outside the public sector 288 0 - 26463 Liabilities for inancial leasing from foreign credit institutions 289 0 26464 Liabilities for factoring-based loans from foreign credit institutions 290 0 26473 Liabilities for factoring-based loans from foreign insurance companies 291 0 - 26483 Liabilities for financial leasing from olher foreign financial institutions 292 0 - 26484 Liabilities for factoring-based loans from other foreign financial institutions 293 0 - 26534 Liabilities for factoring-based loans from domestic companies outside the public sector 294 0 - 26544 Liabilities for factoring-based loans from domestic businesses 296 0 26554 Liabilities for factoring-based loans from foreign companies 296 0 - 26564 Liabilities for factoring-based loans from foreign businesses 297 Checksum 4POP 247 to 298) 298 371,326.129 419.885270 - 7 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING REPORT ON REVENUES AND EXPENDITURES, EARNINGS AND FormPR-R EXPENSES w 1i1 for the period 1 January to 31 December 2015 Obigor: RKP: 46237, MB: 00767875 HAMAG BICRO Zagreb 10000 ZAGREB, KSAVER 208 Level: 11, Section: 051 Activity: 6619 Other auxiliary activities for financial services, besides insurance and pension funds Ancm i rt In KiJi, C.Li.ingl-. Account .Ai:hlsvdinthe . Achieved lIthe . It from. NAME AOpa :porperp dir: riijiobtipeidf ac.n03. -s . .. . .. -: .. . - te previolas yer ..t e urreistwa,r. . . . ac. - - - e * 6 OPERATING REVENUES (AOP 002+039+047+071 102+120+127+134) 001 150,423.347 152.246,830' 101.2 61 Rewnuesfromtax(AOP003+012+018+024+032+035) 002 0 0 611 Tams and sutaes on income (AOP004to 009 010-011 003.0 .0 - 6111 Taxs and surtaes on income from employment 004 0 0 - 6112 ;Tams and surtaes on income of free professionals 006 0 0 - 6113 Taxes and surtaxs on income from propertyand property rights 0ON 0 0 - 6114 Taxes and surtaxes on income from capital 007 0 0 - 6115 Taxes and surtaxs on personal income per annual report 008 0 0, - 6116 Taxes and surtaxs on personal income determined in ihe control for the previous year 000 1 0. 6117 Tams and surtaxes return an personal income per annual report 010 0 0 - 6119 Return on over generated on income taxfor decentraized functions 011 0 0 - 612 Income tax(AOP 013 to 016 -017) 01! 01 0, 6121 .Corporate tax 0131 0 0 - 6122 Wthholding taxon fees for the use of rights and for service 014 0 0 - 6123 Withhoiding taxon interest, dividends and shares in proft 01$ 0 0: 6124 Income taxbased on 1he annual taxreturn 016 0 6125 Income tax refund based on the annual taxretum 017 0 613 Tameson asses (AOPO019toO023) 018] 0-t 6131 Permanent taxs on immovable assets 019 0 6132 Taxon inheritance and endowments 020 0 6133 Taxon capital and financial transactions 021 0 0 6134 Periodical axes on assets 022 0 0 6135 Other permanent property taxes 023 0 0 - 614 Taxes on goods and sences (AOP 025 to 031) 024 0 0 6141 Value added tax 025 0 0 6142 -Turnovertax 026 0 O1 6143 'Special taxes and excises 027 0i 0 6145 Taes on use of goods or carrying out activities 028 ,0 a - 6146 Other (axes on goods and services 1029 0 * 6147 Taxs on winnings from games of chance and othertaxes from games of chance 030 0 6148 Fees for holding games of chance 031 0 - 615 Taes on intemational trade and transactions (AOP 033+034) 032 01 - 6151 Customs and customs fees 033 0 0 6152 Other taxes on intemational trade and transactions 034 0 0 - 616 Other revenues from tax (036 o 036) 036 0: 0. - 6161 Other revenues from tax paid bylegal persons 036 0 0 - 6162 Other revenues from tax paid byphysical persons 037 0 0 - 6163 Other unallocated taxtevenue 038 0 0 - 62 Contributions iAOP 040 . 043 + 045) 030 0 0 - 621 Health insurance contributions (AOP 041 + 042) 040 0i0 - 6211 Contributions for compulsory health insurance 041 0 0 - 6212 Contributions for compulsory health insurance in case ofinjuryto work 042 0 0 - 622 Pension contributions (AOP 044) 043 0 0 - 6221 Pension contributions insurance 044 0 0 - 623 Contributions for employment (AOP 046) 04 .0 0 - 6232 ConIibutons forcompulsory insurance in case unemployment 1048 0 0 - Assistance from abroad (grants) and assistance from subjects within the general budget (AOP 048+051+056+059+062+065+068) 631 -Assistance from foreign govemments (AOP 049+050) 048 0 0. - 6311 Current assistance from foreign governments 040 0 0 - 6312 jCapital assistance from foreign governments 060 0. 0 632 Assistance from intemational organizations and EU institutions and bodies (AOP 052 to 051 74,465 1,348,331 1 1055) 6321 ,Current assistance from international organizations 0s2 0 0 6322 [Capital assistance from international organizations 063 0 0. 6323 Current assistance from EU institutions and bodies 054 74,465 1.270,212 1,705.8 6324 Capaassistancefrom EU institutions and bodies 066 0' 78.119 - 8 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING continued) Ac nt . . a AchNevedintl I .AchIevednte .indeKI from . NAME. ACP rapeningperiodof- reportige"iodar- 633 Budget assistance from other budgetAOP057-058) 05o 0 6331 Current assistance to the budget from other budgets 057 0 0 6332 Capital assistance to the budget from other budgets 058 . 634 Assistance from non-budget beneficiaries rAOP0B0+061 09 6341 Current assistance from non-budget beneficiaries 060 0 6342 Capital assistance from non-budget beneficiaries 061 635 Equalization assistance for decentralized functions (AOP 063 + 064) 062. 6351 Current equalization assistance for decentralized functions 063 6352 Capital assistancefordecentralized functions 064 0 0 - 636 Assistance to budget beneficiaries Ir the budget which is not relevant to tm(AOP066+067) 06500 6361 Assistance to budget beneticiaries from the budgetwhich is not relevantto them 066 0, 0 6362 ;Capital assistance to budget beneficiaries from the budget which is not relevant to them 1067 01 0 638 ,Assistance to budget beneficiaries based on transfer of EU funds (AOP 069+070L [68 0 0. - 6381 Current assistance from the state budget based on transfer of EU funds 069 0 0 - 6382 -Capital assistance from the state budget based on transfer of EU funds 070 0 1 - 64 Revenue from assets [AOP 072+080+087+0951 071 44030-. . .626 1,804.7 641 Revenue from financial assets AOP 073 to 079) 072 44.03b! 2,195 5.0 6412 Revenues from interest on securities 073 0 01 6413 Interest'on fixed-time deposits and on demand 074 2639 1,177 44.6 6414 Revenue from penalty interest 075 0 6415 Revenues from foreign exchange gains and differences due to application of currency 076. 41,391 1,018 5 Clause 0t 6416 income from diidends 077 6417 Revenues from profits from companies, loans and other financial institutions subject to special regulations 6419 Other income from financial property 079 0 0 642 IRevenue from non-financial assets (AOP 081 to 086) 9o 0 - 6421 oncessionfees 081 0 6422 Rent and lease revenues 01 0 - 6423 Fees for use of non-financial assets 6424 Road fees 084 i 0 6426 Revenues from the sate of current non-financial asisets 0uj et 0 6429 Other revenues from non-financial assets oss01 0 - 643 R evenues from interest on given loans (AOP 088 to 094) 067 01 792.431 - 6431 Revenues from interest on loans given to international organizations, institutions and 066 0 0 - bodies of the EU and international gq)vemmenta ! 6432 Revenues from Interest on loans given to non-profit organizations, citizens end 090 0D - households 6433 Revenues from interest on given loans to credit and other financial institutions in the 000 0 - public sector 6484 i8eonves from interest on loans Iliven to companies and business in tie publicesector .051 -0 0 - 6435 Revenues from interest on given loans to credit and other financial institutions outside the 0920 - public sector 090 646 Revenues from interest on loans given to companies and business Outside of the public I9 1 79.3 6436 ~~0793ii 7941 - 6437 Revnus from interest on loans gi ven to other levels of authority 094 0 r0 - 644 Rvenues from interest on given loans based on protested guarantees (AOP 096 to 101) 095 0. 0 6442 Revenues from Interest on loans given to non-profit organizations, citz0s5 0 0. 6 households based on protested guarantees 643 Reeusfrmitreto0ienlas(AP08to04-8 Revenues from interest on given loans to creditand other financial institutions in the d:pblic sector based on protested guarantees 6432 Revenues from interest on loans given to companies in the public sector based on 098 0 0 protested guarantees 6445 Revenues from interest on given loans to credit and other financial institutions outside the 0o 0 public sector based on potestad guarantees 6446 Revenues from interest on loans given to companies and business outside of the public 0 sector based on protested guarantees 6447 Revenues from iterest on loans given to other levels of authority based on protested guarantees 101 0 0 65 Revenues from administrative fees and special regutations (AOP 103108+116 102 36,351 86,383 237.6 651 Rdninisraotiv n fees (AOP 104 to 107) 103 0n 0c n 6511 State administrative and countfees 104 0 0 - 6512 -Coushtyoisand municipal es and tees 105 0 0. 6513 Other administrative tes end fees 106 0thi n 6514 Other charges and fees [107 0 0 652 Revenues from special regutlations (AOP 109 to 115) i06 36.351 86,ps83 237.6 6521 Revenue by the state administration 109e 0s 0! 6522 Revenue from water management 110 la o 6524 .Contributions for forests lcl 01 6525 Local self-contribution 112 0 0 6526 'Other unmentioned revenues 1 131 36,351! 86,363 237.6 6527 Fees from financial assets gi141 0te 6528 Revenues from mionetaryfees from employers duetonotemployingdisabledpersons 151 0 - 653 Public utility cntributions and fees (AOP 104-106) 130 6531 Public uttlity contributions ade7[ 0 0 6532 Public utility fees dlf 0e 0e- 16524 1 Connrbtion f o res ts 111 0 0 6525 Loca sef-cotriutio 11 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account .AME-..].AZAche lb . s heiredia . Indel from .. -..NAME *A0raP ieorting"efedor rengperodofmi atan I--n-- -. impeiu -mr. i n al - 66 Revenues from sales of goods and services, provided services and donations (AOP 121 + 124) 120 298,779 10,163 34 661 Revenues from sales of goods and provided services (AOP 122 + 123) 121 29,779: 10,163 34 6614 Revenues from the sale of products and goods 122 0 0 - 6615 Revenues from provided services .123. 298,779 10163 3.4 663 Donations from legal and natural persons outsidethe general budget (AOP 125 + 126) :124 0 0 - 6631 Currentdonations 125 0 0 - 6632 Capital donations 126 0 0 - 67 Revenues fmm the relevant budget and from CHIF and based on contractual obligations (AOP 128+132) 127 149,969.509 150,007,327 100.0 671 Revenues from the relevantbudgetfor financing regular actiWties of budgetbeneficiaries 128 149,989,509 150007,327: 100.0 (AOP 129 to 131> 6711 Revenues from the relevant budgetfor financing operating expenditure 129 149,174,658 83,787,710 56.2 6712 Revenues from the relevant budget for financing expenditure for procurement of non-financial assets 130 794,851 354.214 44.6 6714 Revenues from the relevant budget for financing expenses for financial assets and 131 0 65.865.403 - Srepayment of loans 673 Revenues from the CHIF based on contractual obligations (AOP 133) 132 00 - 6731 Revenues from the CHIP based on contractual obligations 133 0 0 - 68 Administrative penalties, penalties and other related income (AOP 135+145) 134 213 0 0.0 681 Penalties and administralive measures (AP 136 to 144) 136 . 0 - 8811 Penalties forcustoms violations 136 0 0, - 6812 Penalties forforeign curencyviolations 137 0. 0. 6813 Penalties for laxviolations 138 0 0 - 6814 Penalties for violations bycompanies - business-related violations 139 0 0 - 6815 Penalties for traffic and other types of volations - under the jurisdiction of the Mn. of 140 0 0 - Intemnal Affairs 6816 Penalties and other measures in criminal procedures 141 0 0 - 6817 Penalies for violations against cultural goods 142 0 0 - 6818 Administrative measures 143 0 - 6619 Other penalties 1440 0 - 683 Other revenues (POP 146) 146 213 0 0.0 6831 Otherrevenues 146 213 0 0.0 3 _OPERATING EXPENSES (AOP 148+160+194+213+221+239+248) 147 104,995.885: 87,224.579. 83.1 31 Evenses for emplo)ees (AOP 149+154+156) 148 11.78,692: 13,315,598L 1130 311 Salaries (gross)(AOP 150 to 153) 1491 10,041,3271 11.280,567: 112.3 3111 Salaries for regular work 10 9,891,385 11,107,665' 112.3 3112 Salaries in kind ,16I 0! 0 3113 Salaries for overtime work 162 149,942 172,902 115.3 3114 Salaries for particular working conditions 193 0 0 - 312 Other employee related epenses (ADP 155) 164 55,960 90,912 162.5 3121 Otherexpenses foremployees 165 55,960 90,912 162.5 313 Contributions on salaries (POP 157 to 159) 1S 1,691,405 1,944,119 114.9 3131 Contributions forpension insurance Is7 0 01 3132 'Contributions formandatoryhealth insurance 168 1,520.302 1,751.968 115.2 3133 _Contributions for mandatory unemployment insurance 159 171,103 192,151 112.3 32 Material_expenses(AP161+166+174+184+186) ISO 4,092,569. 6229,168 1522 321 Reimbursementof costs toemployees(AOP 162to 165) 161 601.399] 844,691 1054 3211 Business trips 162 438,737 422.28g 96.3 3212 Fees for transportation.tield work and separated life 13. . 268,569, 312.060! 116.2 3213 Stafftraining 164 94,093; 104.640 111.2 3214 01her compensation to employees 166 0 5,702 322 E)pensesfor materials and energy(AOP 167 to 173) 146 559.763 664,740 118.8 3221 Office supp!ies and other material expenses 117 222,261 247.855 111.5 3222 l&terial and raw materials o18 D 0 - 3223 Energy .169 318781 391.604 122.6 3224 Materials and components forcurrentand investmentmaintenance 170. 117 6.605 56.3 3225 Small inventoryand cartires .171 6.994! 18,6761 267.0 3226 MIvilary equipment 172 0 0 - 3227 Official, working and protective clothing and footwear 173 0 0 323 Expenses forservices (AOP 175 to 183) 174 2,421.088 4,084,318 168.7 3231 Telephone. mail and transportation servces 176 278,622 409.896 147.1 3232 Current and investmentmaintenance 176 164,558 523,242 318. 3233 Promotion and information services 177 821.272. 420,253 51.2 3234 Public utilities 178 121,771' 233,125 191. 3235 Rents and leases . 179 174,091 298,459 171.4 3236 Health and veterinaryservices 180 . 80000 20.500 256.3 3237 intellectual and personal services 181 452.1651 1.357.839 300.3 .3238 Computer services 182 49.473 181,686 367,2 3239 Otherservices . 183 351,136' 639.318 182.1 10 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account I Ahidti, Achieveon . from:... NAME , A0P rertlng peredor reportingiperod of - aCOAn = 04.. . :,-..._ ti ii e yeard V-1 thLurn erja 324 Reimbursement of costs to non-employees (AOP 185) 184 36,351 193.082 531.2 3241 Reimbursement of costs to non-employees 18 36,351 193,082 531.2 329 Otherunmentioned operating ependitures (OP 187 to 193) 186 273968 442.337 161.5 3291 Fees for the work of representative and excutiw bodies committees, etc. 187 45,278 30,827 68.1 3292 Insurance premiums 188 [ 11,663 5,337 45.8 3293 Representation 18i 119,689 131.1471 109.6 3294 IMembership fees 190 i 44,041 203,104 461.2 3295 Tans and fees 1" 17.766 36,602 206.0 3296 Costs ofcourtproceedings 192 10.000 - 3299 Otherunmentionedoperatingexpenditures 193 35.531 25.320 71.3 34 Financial expenses AOP 195+200+208) 194 7,863 5,390: 68.5 341 intereston issued securities P196tol99) 1961 ; 0: 0 3411 Intereston issued Ireasurybills 196 0 0 - 3412 Intereston issuedpromissorynotes is 01 0 - 3413 Intereston issued bonds 19i 0 - 3419 Intereston othersecurities 199 0 0 - 342 Intereston loans (AOP 201 to 207) 200 0 0 - 3421 intereston receiwd loans and borrowings from intemallonal organizations, EU 201 0 - 3422 Interest on loans and borrowings from credit and other financial institutions in the public 202 0 0 sector 3423 Intereston loans from credit and other financial institutions outside the public sector 203 0 6 - 3425 Interest for approwd but undrawn loans and borrowings .204 0 0. 3426 Interest for loans received from companies in the public sector 205 0 0 - 3427 ,interestfor loans received from companies and businesses outside the public sector I 201 0 0 3428 interestfor loans receiwd from other lewis of authority 207 : 0 0 - 343 Otherlinancial expenses (AOP 209 to 212) 208 7,863 5.390 68.5 3431 Banking servces and payment servces 209 4....4,859 4,438 91.3 3432 Negative exchange differences and differences due to the application offoreign currency 210 2,999 952 31.7 clause 3433 Penalty charges 2i1 5 0 0.0 3434 Other unmentioned financial expenditures 212 - 0 - 35 Subsidies (AOP 214+217) 213 23,823.667 29,334,776 123,1 351 Subsidies to companies and the public sector (ADP 215+216) 214 1.725910 4.190,393 242.8 3511 Subsidies to credit and other financial institutions in the public sector 216 0 0 - 3512 Subsidies to companies and the public sector 216 1,725.910 4,190,393 242.8 352 Subsidies to companies. farmers and businesses outside the public Sector (AOP 218 to 217 22,097,757 25,144,383 1138 220) 3521 Subsidies to credit and other financial institutions outside the public sector 218 0 0 - 3522 Subsidies for companies outside the public sector 219 21,545,918 22.232.288 103.2 3523 Subsidies to farmers and artisans 220 551,839 2,912.095 527.7 36 Foreign assistance and assistance within the general budget (AOP222+225+228+231+234+236) 221 0 0 - 361 Assistance to foreign govemments (AOP 223+224) 222 0 0 - 3611 Current assistance to foreign govemments 223 0 0 - 3612 Capitatassistancetoforeigngovemments 224 0 01 - 362 Assistance to intemational organizations and EU institutions and bodies (AOP 226+227) 225 0 01 - 3621 Current assistance to intemational organizations and EU institutions and bodies 226 0 0 - 3622 Capital assistance to international organizations and EU institutions and bodies 227 0 0 363 Assistance within the general budget(AOP 229+230) 228 0 0 - 3631 Current assistance within the general budget 229 0 0. 3632 1Capital assistance within the general budget 23 0 0 - 366 Assistance to budget beneficiaries of other budgets (AOP 232+233) 231 10 0 - 3661 Currentassistance to budget beneficiaries ofotherbudgets 2320 0 3662 Capital assistance to budget beneficiaries of other budgets 233 0 0 - 367 Transfer to budget beneficiaries from the relevant budget for financing regular activities 224 . 0 (AOP 235) 3671 Transfer to budget beneficiaries from the relevant budget for financing regular activities 236 0 0 - 368 Assistance based on transfer of EU funds (AOP 237+238) 236 0 0 - 3681 'Current assistance based on transfer of EU funds 237 01 0 3682 Capital assistance based on Iransfer of EU funds 238 0'0 - Compensations to citizens and households based on insurance and otherfees (AOP 240+245) . 0 . 371 Compensation to citizens and households based on Insurance (POP 241 to 244) 240 0 0: - 3711 Compensation to citizens and households in monies - directly or through institutions 241 0 0 outside the public sector Compensations to citizens and households in kind - directlyor through institutions 242 0 0 outside the public sector 3713 Compensation to citizens and households in monies - through institutions in the public 243 0 sector , 3714 ICompensations to citizens and households in cash- through institutions in the public 244 0 0 - 372 Other benefits to citizens and households from the budget (AOP 246+247) 245 0 0 3721 Compensations to citizens and households in monies 246 0 0 - L3722 jCompensations to citizens and households in kind 247 0 01 - 11 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account AchevedIrnth AchlevadintSe Index from NAME ADP reporting perigd of repoIng period of ace pan the pnvous year the current iear 38 Other epenses (AP 249+2+55261+264) 2 65.83,094 38,339647[ 58.7 381 Current donatons (AOP 250+251) 24 0 0 - 3811 Current cash donations 260 0 0 3812 Current donalions in kind 261 0 0 - 382 Capital donations (AOP 253+254) 252 0 0 - 3821 Capital donations to non-profit organizations 253 : a - 3822 Capital donations to citizens and households 264 0 0 383 Penalties and compensation for damages (AOP 256 to 260) 26. 0 0 3831 Compensation for damages to legal and natural persons 25 D 0 3832 Penalties, demurrage and other fees 267 0 3833 Compensation for damages to employees 258 0 0 - 3834 Contractual penalties and other compensation for damages 269 0 - 3835 Other penalties 260 0 0 384 Transfer of EU funds to economic entities outside the general budget (AOP 262+263) 261 0 0 3841 Current transfers of EU funds to economic entitles outside the general budget 262 0 0 - 3842 Capital transfers of EU funds to economic entities outside the general budget 263 0 0 - 386 Capital Assistance (AOP265to 267) 264 65,283,094 38.339.647 58.7 3861 Capital assistance to credit and other financial institutions and companies in the public 265 0 0 - sector 3862 Capital assistance to credit and other financial institutions andcompanies outside the 266 53.949,856: 30,703,588 56.9 public sector 3863 Capital assistance to farmers and businesses 267 11.333.238 7,636,059 67.4 inventories of production and finished goods at the beginning of the period 268 0 0 - inntories of production and finished products at the end of the period 269 0 Increase in inventories o(production andfinished goods (AOP 269-268) 270 0 - Decrease in inentories of production and finished goods (P4P 268-269) 271 0 - Total operating eenses (AOP 147-270+271) 272 104,995,885 87,224,579. 83.1 SURPLUS OF OPERATING REVENUE (AOP 001-272) 273 45427,4 2 65,022,25t 143.1 DEFICIT OF OPERATING REVENUE (AOP 272-001) 274 00. 92211 Surplus of operating rewnues - carded over 275 70,334,667 70,334,667 1000 92221 Deficit ofoperating revenues -carried over 276 68,008,230 L 68,081,251 100.1 96 Accrued operating income - uncollected 277 8433,292 - 9661 Accrued income from sales of products, goods and servces provded - uncollected 278 0 10,101 - 9671 Accrued revenues from the budget for financial regular atiuties of budgetbeneficiaies 279 0. 0 - 9673 Accrued reenues from CHIF based on contractual obligaions 280 0 0 0 12 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account . . . . . . .* .- *.. .-Achieved In ths.' rivedn de from. :.,*,... r .- . iNAME .- AOP reporttngpseo Ir gigdJof -a" :&k~x.& . -.- - .-~:~ . - -- - : - %11U9th Pralii, joii troicrn r;, I * I I ** a s 7 Revenues from the sale of non-financial assets (AOP282+294+327*331) 281 1 0 0. - 71 Revenue from sales of non-produced fiued assets (AP 283+287) 282 0j 0 - 711 Revenue from sale of tangible assets - natural resources (AOP 284 to 286) 283 0 0 - 7111 Land 284 0 0 - 7112 Mneral wealth 286 0 0 - 7113 Revenues from sales ofother natural tangible assets 286 1 0 0 - 712 Revenues from the sale of intangible assets (AOP 288 do 293) 287 00 - 7121 Patents 288 0: 0 - 7122 Concessions 289 0' 0 - 7123 Licenses 290 0 0 - 7124 Otherrights 201 0 0 - 7125 Goodwill .292 0 0 - 7126 Other intangible assets 293 0 0 - 72 Revenues from sales offied assets (AOP 295+300+309+314+319+322) 284 W00 - 721 Revenues from the sale of buildings (AOP 296 to 299) 296 0: 0 - 7211 Residential buildings 296 0| 0 - 7212 Business buildings 297 61 0 7213 Roads, railways and other transport facilities 298 01 0 7214 Other constiction facilities 209 0 0 - 722 Income from the sale ofplantand equipment(AOP 301 do 308) 300 0 7221 Office equipment and furniture 301 00 7222 Communication equipment 302 0 0 7223 Equipment form ainteniance and protection ..303 0. 0 - 7224 Medical and laboratory equipment . 304 0 0 - 7225 Instruments,installations and machinery 130. 0 0 - 7226 Sporting and music equipment 306 0 0 7227 Installations, machines and equipment for other purposes 307 0 0 - 7228 Mlitaryequipment 308 0 0 - 723 Revenues from sales of transport vehicles (OOP 310 to 313) 309 0 0 - 7231 Means oftrnsport and road raffi 3100 0 - 7232 Means oftransporthyrail traffic 311 0! 0 - 7233 Means of transportbymaritime and inland waterwaytraffic _12 0 0 - 7234 Means of transportbyair trafic 313 0 0: 724 Revenues from the sala of books. works of art and other exhibition valuables (AOP 315 to 38) 14 0 - 7241 Books 31 0 0 - 7242 Works of art (exhibited in galleries, museums and etc) 316 0 0 - 7243 Museum etribits and items of natural rarity 317 0 01 - 7244 'Other unrecorded exhibition valuables 310 0 - 725 Revenues from the sale of perennial crops and oflivestock (AOP 320+321) 319 0 0 - 7251 Perennial plantations 320 0 0 - 7252 _Primaryherd 321 A0 - 726 Revenues from the sale of produced intangible assets (AOP 323 to 326) 322 0: 0 - 7261 _Eploration of mineral resources 3 'i23 0 0 - 7262 Investment in computer software .324 0 0 - 7263 Artistic.literaryand scientificworks _328 0 0 - 7264 Other produced intangible assets 32 . 0 0 - 73 Revenues from the sale of precious metals and other valuables (AOP 328) 327 0, - 731 Revenues from the sale otprecious metals and other valuables (AOP 329+330) 328 0: 0 7311 Precious metals and precious stones 329 0 0 - 7312 Acquisitions of books,artworks and thatofsimilarvalue 330 0j 0 - 74 Revenues from the sales of produced current assets (POP 332) 331 0 01 741 Revenues from the sale of stocks (POP 333) 332 0 - 7411 Strategic supplies 333 0 0 - 4 Ependitures for purchase ofnon-linancial assets (AOP 335+347+380+384+387) 334 794 851 432.333 54.4 41 Expenditures for purchase of non-produced non-currentassets POP 336+340) 335 1 17.0 83,981'; 71.6 411 Tangible assets - natural resources (AOP 337 to 339) 336 0 0 - 4111 Land 337 a 0 - 4112 ,Mneral wealth 338 0 0 - 4113 Othernaturallyoccuning tangible assets 339 0 412 Intangible assets (AOP 341 to 346) 340 117.280: 83,981 71.6 4121 Patents 341 0 0 - 4122 Concessions 342 O 0 4123 Licenses 343 117,280 83.981 71.6 4124 Otherlicenses 344 0 0 4125 Goodwill 3 00 4126 .Otherintangible assets 30 0 - 13 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account ,. . : .. ' . Achief,.dinthe *., Achieved inUte frAMom -' dNE AOr emportIg periodi- a r iptr6perfedof ct alarg " ' - - . - l tite previous year_ ve muant al . . 42 _Epenses for acquisition of lied assets (AOP 348+353+362+367+372+375) 347 677,571 348,352 51 .4 421 Buildings (ADP 349 to 352) 348 0 0 - 4211 Residential buildings 349 0 0 4212 1Commercialfacilities 350 0 0 - 4213 Roads, railways and other transportfacilities 351 0 0 - 4214 Other buildings 382 0 0 - 422 Plant and equipment (AOP 354 to 361) 353 343.821' 308,352 89.7 4221 Office equipmentandfurniture 364 I 340,057 306,604 90.2 4222 Communication equipment 36 3,764 1.748 _ 46.4 4223 Equipment for maintenance and protection 36 0 - 4224 Medical and laboratory equipment 357 0 0 - 4225 Instrnments.equipmentand machinery 368 0 0 - 4226 Sporting and music equipment 369 0 0 - 4227 Installations, machines and equipmentfor other purposes 360 0 - 4228 MIilary.equipment 381 0 0 423 Means of transport(AOP 363 to 366) 362 0: 4231 Means oftransporlbyroad traffic 363 01 0 4232 Means of transport byrail traffic 364 [ 0 - 4233 Means of transportbymaritime and inland waterwaytraffic 365 0 0 - 4234 Means of transport by air traffic 365 0 0 - 424 Books, works of art and other etibiion aluables (AOP 368 to 371) 367 - 0 0 - 4241 Books 368 0 0 - 4242 Works of art (exhibited in galleries, museums and the like) 3i9 0 0 4243 Museum exhibits and items of natural rarity 370 0 0 - 4244 Other unrecorded edilbition valuables 371 0, 0 - 425 Perennial crops and breeding stock (AOP 373+374) 372 0] 0 - 4251 Perennial plantations 373 0 0 - 4252 LPrimaryherd 374 0 0 - 426 Produced intangible assets (AOP 376 to 379) 376 333.750 40,000 12.0 4261 Exploration of mineral resources 378 0 0 - 4262 Investment in computer software 377 I 333,750 40,000 12.0 4263 Artistic, titeraryand scientific works 376 0 0 - 4264 Other produced intangible assets 379 0 0 . 43 Expenditure for purchases of precious metals and other stored aluables (AOP 381) 380 0 0 - 431 Precious metals and other stored valuables (AOP 382+383) 381 0o 0 - 4311 Precious metals and other rocks (AOP 176 + 177) 382 0 0 - 4312 Stored of books, works of aland similar valuables 383 00 - 44 Exgenditure for purchases of current assets (AOP 386) 384 - 441 Expenditure for purchases of inventory(AOP 386) 385 4411 Strategic supplies 386 00 - 45 Expenses for additional investments in non-financial assets (AOP 388+390+392+394) 387 00 - 451 Additional investments in buildings (AOP 389) 1389! 0 0 4511 Additional investments in buildings 38 0. 0 - 452 Additional inwetments in plant and equipment (AOP 391) So0 0-_ 0 - 4521 Mdditional inestments in plants and equipment 3910 0 453 Additional investments in means of transport (POP 393) 392 01 0 - 4531 Additional investments in means of transport 393 0 - 454 Additional investments in non-financial assets (AOP 395) 394 0 0 - 4541 Additional investments in non-financial assets 396 0 0 - REVENUE SURPLUS FROM FINANCIAL ASSETS (AOP 281-334) 396 0* 0 - INCOME DEF1CIT FROM FINANCLAL ASSETS (AOP 334-281) 1397 794,851 432,333i 54.4 92212 Surplus revenue from non-financial assets - carried owr 398 92222 Revenue deficitfrom non-financial assets - carried over 399 0 - 97 Accrued revenue from the sale of non-financial assets - uncollected 400 0 0 TOTAL REVENUES (POP 001 . 281) 401 150.423,347 152,246.830 101.2 TOTAL EXPENDITURES (AOP 272+334) 402 105.790.736 87,656,912 B2.9 TOTAL REVENUE SURPLUS (AOP 401-402) .403 44,632.81 1 64,589,918 144.7 TOTAL REVENUE DEFICIT (AOP 402-401) 404 0! 0 - z Revenue surplus- carried over(AOP 275+398-276-399) 405 2,326,437 2,253,416 96.9 9=1. OM Revenue deficit- carried over (AOP 276+399-275-398) 406 0 J 96,97 Accruedincome-uncollectedI{OP277400 _ 407 1 . . . 433,292 14 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued -froMEO toidrg ea re W d" 'f. I ac. Ian Wddf rpin otd a Earnings from financial assets and borrowings (AOP 409+448+461+474+506) 408 0 81 Received payments (refunds) on principal of given loans and deposits (AOP 409 0; - 410*415+418+422+424+431+436+444) 811 Earnings (refunds) on principal of loans given to international organizations. EU 410 0 0 - .institutions and bodies including foreign governments (ACIP 411 to 414) .i 8113 Repaymentof loans granted to international organizations 411 | 0 0 - 8114 Repayment of.loans granted to EU institutions and bodies 412: 0 0 8115 Repayment ofloans given to foreign governments in the EU 413 0 0 - 8116 Repayment ofloans given to foreign governments outside the EU 414 0 0 - 812 Earnings (refunds) on principal of loans given to non-profit organizations, citizens and 415 0 0 - households (AOP416+417) 8121 Repayment of loans given to non-profit organizations. citizens and households in Ihe country 416 0 8122 Repayment ofloans given to non-profitorganizalions. ciizens and households abroad 417 6 0 - 813 Earnings (refunds) on principal from loans given credit and otherfinancial institutions in 418 0 0 - the public sector (AOP 419 do 421) 8132 Repaymentof loans given to credit institutions in the public sector 410 0 0 - 8133 Repayment of loans given to insurance companies in the public sector 420 0 0 - 8134 Repaymentof loans given to otherfinancial institutions in the public sector 421 0 0 - 814 Earnings (refunds) on principal fromloans given to conpanies in the public sector (AOP423) 422 00 - 8141 Repayment of loans given to companies in the public sector 423 0 0; - 815 Earnings (refunds) on principal from loans given to credit and other financial institutions 424 0 01 - outside the public sector (425 to 430) 8153 1 Repayment of loans given to domestic credit institutions outside the public sector 426 0 0 8154 Repayment of loans given to domestic insurance companies out of the public sector 426 0 - 8165 Repayment of loans given to other domestic financial institutions outside the public sector 427 0 0 8156 Repayment of loans given to foreign credit insitutions 428 0 0 - 8157 Repayment of loans given to foreign insurance companies 429 0 - 8158 Repayment ofloans given to other foreign financial institutions 430 0 0. 816 Earnings (refunds) on principal from loans given to companies and business outside the 431 0 0 - public sector (AOP 432 to 435) I 8163 Repayment of loans Qiven to domestic companies outside the public sector 432 0 0. 8164 Repayment of loans givn to domestic businesses 433 0, - 8165 Repaymentofloans given to foreign companies 434 0, 0 - 8166 Repaymentof loans given to foreign businesses i 436 0 0 - 817 Repayment of loans given to other levels of govemment (AOP 437 to 443) 436 0, 0 - 8171 Repayment of loans given to the state budget 437 0 01 - 8172 Repayment of loans given to county budgets 438 0 0 - 8173 Repayment of loans given to citybudgets 439 0 01 - 8174 Repayment of loans given to the municipal budgets 440 00 - 8175 Repayment of loans given to the CPII. the CES and CHIF ; 441 0 01 8176 Repayment of loans given to other non-budget beneficiaries of the state budget 1442 0 0 - 8177 Repayment of loans given to non-budget beneficiaries of the county, city and municipal 443 0 0 - 8 budget 818 Eamings from refunds of deposits and guarantee deposits (AOP 445 to 447) 444 0 0 - 8181 Earnings from refunds ofdeposits from credit and other financial institutions - domestic 446 0 0 - 8182 Earnings from refunds ofdeposits from credit and other financial institutions - abroad 446 0 0 - 8183 Earnings from refund 447 0 0 - 82 Earnings from issued securities (AOP 449+452+455+458) 448 0 0 - 821 Treasurybills (AOP 450+451) 448 0i 0 8211 Treasurybills - domestic 460 0 0 - 8212 Treasurybills - foreign 451 0 0: - 822 Bonds (OP 453+454) 462 00 - 8221 Bonds-domestic 463 00 - 8222 Bonds -foreign 464 00 - 823 Oplions and other financial derivatives (AOP 456+457) 466 0] 0 - 8231 loptions and other financial derivatives - domestic 486 0 0 - 8232 Options and other financial derivatives - foreign 487 0. 0 - 824 Other secutilies (AOP 459+460) 48 O,4 0 - 8241 1Other securities - domestic 469 0 0 - 8242 Other securities -foreign 460 0 0 - ;83 Earnings from the sale of shares and interests in equity(AOP 462+466+468+471) 461 0 0 - 831 Proceeds from the sale of stocks and shares In the equityof credit and other financial 462 0 0 - institutions in the public sector (POP 463 to 465) 8312 Shares and interests in the equityof credit institutions in the public sector 4$3 O 8313 Shares and interests in the equityof insurance companies in the public sector 464 0 0 - 8314 Shares and interests in the equilyof olher financial institutions in the publicsector 488 0 0 - 832 Earnings from the sale of shares and interests in the equityof companies inthe public 466 0 0 - sector (AOP 467) 8321 Shares and interests in tie equity of companies in the public sector 467 0. 0 - 833 Eamings from the sale of shares and interests in the equityof credit and other financial 466 0 0! institutions outside the public sector (AP 469+470) I 8331 Shares and interests in the equityof domestic credit and other financial institutions 469 0 0 outside the public sector 8332 Shares and interests in the equityof foreign credit and other financial institution 470 0 0L 15 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account : Achevedlnthe. Achieved l dthe Iddi[ from NAME A0R mportinlperioia. mportgperlodet ace an - - . . thepravli year. . .hecurrntyearf lt. 834 Earnings from the sale of shares and interests in the equityof companies outside the 471 public sector (AOP 472+473) 8341 Shares and interests in the equityof domestic companies outside the public sector 472 8342 Shares and interests in the equityof foreign companies 473 0 84 Earnings from borrowing(AOP 475+480+484+486+493+498) 4741 0 81Loans and borrowings received from Intemnational organizations. EU institutions and 475 1841 _bodies,and foreigngovemments(AOP476 to 479) . . * 8413 Loans received from intemational organizations 476 0 0 8414 Loans and borrowings from EU institulions and bodies 477 0 0 '8415 Loans received from foreign govemments in the EU 478 0 0 - 8416 Loans received from foreign govemments outside the EU 479 0 01- Loan and borrowings received from credit and other financial institutions in the public 4 842 sector (AOP 481 to 483) 8422 Loans and borrowings received from credit institutions in the public sector 1481 0 0 8423 Loans received from insurance companies In thepublic sector 482 0 0. 8424 Loans received from other financial institutions in the public sector 483 0. 843 Loans received from companies in the public sector (AOP 485) 484 0 8431 Loans received from companies in the public sector 486 0i 0 844 1Borrowings and loans received from credit and other financial institutions outside the 486 0 0 - public sector (AOP 487 to 492) 8443 Loans received from domesticcreditinstitutions outside the public sector 487 8444 Loans received from domestic insurance companies outside the public sector 488 0 8445 Loans received from other domestic inancial institutions outside the public sector 488 0 0 8446 Loans from foreign credit instilutions 490 0 0 8447 Loans received from foreign insurance companies 491 - 0a 8448 Loans received from otherforeign financial institution 492 0 845 Loans received from con-panies and entrepreneurs outside the public sector (AOP494 to 497 - 493 "i 8453 Loans received from domestic companies outside the public sector 494, 0 - 8454 Loans received from domestic businesses 4951 0 0 - 8455 Loans received from foreign companies 496 0 0 - 8456 Loans received from foreign businesses 497 0 847 Loans received from other levels of government (AOP 499 to 505) 498 0 8471 Loans received from the state budget 499 00 8472 Loans received from county budgets 000 0 8473 Loans received from citybudgels 501 0 0 - 8474 .Loans received from municipal budgets 6020 0 8475 Loans received from ihe CPII,the CES and CHIF 6031 0 0 8476 Loans received from othornon-budgetineliciaries of the slate budget 604 0 0 8477 Loans received from other non-budget beneficiaries of the county, cityand municipality M0 budgets 85 .Earnings from the sale of securilies in portfolios (AOP 507+510+513+516) 606 0 0 851 Earnings for commercial and treasury bills (AOP 508+509) :507. - 8511 Commercial and treasury bills - domestic sea 0 0 8512 Commercial and treasurybills - foreign 600 852 Eamings for bonds (AOP 511+512) ..109 - 8521 'Bonds - domestic 611 0 0 - 8522 Bonds - foreign 612 0 a 853 Loans received from otherlevels of gowmment (OP 514+515) 513 0: 0 8531 Options and other financial derivatives - domestic 614 8532 Options and other financial derivatives - foreign Bis 0 0. 854 Earnings for other securities (POP 517+518) 516 01 01 - 8541 Other domestic secuities 517 a 0 8542 Other foreign securities s0i 5 Acquisition of financial assels and repaymentof loans (AOP 520+559+572+585+617) $19 44,399,483 65,885404 1483 51 E)penditure on given loans and borrowings (POP 62 4 51 521+526+529+533+535+542+547+555) 2 44a983 5,150 186 511 ,Exenditure on loans given to intemational organizations, EU institutions and bodies and 521 foreign governments (AOP 522 do 525) 6 0 0 5113 Loans given to international organizations 622 0 0 5114 Loans given to institutions and bodies EU 523 0 0 5115 1Loans given to foreign governments in EU 624 0 0 5116 ILoans given to foreign governments outside EU 626 0 512 Expenses for loans given to nos-profi organizations, citmens and households (AOP527+528) 628 0 0 5121 I Loans given to non-profit organizations. citizens and households in the country 527 0 5122 ;Loans given to non-profit organizations, citizens and households abroad .$25 o! 0i 513 Epenses for loans given to credit and other financial institutions in the public sector (AOP 029 0 501 to 503) 5132 Loans given to credit institutions in the public sector 630 0 0 5133 Loans given to insurance companies in the public sector 631 0 0 5134 Loans given to other financial institutions in the public sector 632 0, 0 1 514 ,Expenditure on outstanding loans to companies In the public sector (AOP 534) 633 0 0. .5141 Loans ]Ivntcompanies inftpublicsector 634 0 0 - 16 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Aount .. . sio . Achiedinte Achsedinthe ndex Nfrom ... NAME AOP reporqinperWder.. reporinopeedit' I ...-..-S> - -. ~ thepevej ..a* * YoeMustar AK 515 Expenses for loans given to credit and otherinancial institutions outside the public sector 0 0 55 (AOP 536 to 541) 5153 Loans ian to domestic credit institutions outside the public sector 536 5154 Loans given to domestic insurance companies outside the public sector 537 0 0 5155 Loans givento oter domesticlinancial insfltutions outside the public sector 538 0 0 5156 Loans given to foreign credit institutions 639 0 0 S57 Loans givan to forein insurance companies 5400 0 5158 Loans given to other foreign inancial institutions 541 0 0 516 Expenses for loans given to companies and businesses outside the public sector (AOP I S42 543 to 548) 5163 1 Loans given to domestic companies outside the public sector 543 30,991,881 39,67R259 128.0 5164 Loans given to domesic businesses 544 13A07,802 17,434.3311 130. 5165 Loans given to foreign companies 5 45 5166 Loans given to foreign craftsmen 540 517 Loans given to other levels of govmnent (AOP 548 to 554) 547 5171 Loans given to the stale budget 4. 0 5172 Loans given tocountybudgets 549 0 - 5173 Loans gien to citybudgets 550 0 - 5174 Loans given to municipal budgets 51 5175 Loans given to CP1I, the CES and CHIF 552 0: 0 5176 Loans given to other non budget beneicianes ofthe state budget 553 5177 Loans giventonon-budgetbenelcianes ofcounty.cityandmunicipalbudgets 554 0 0: 518 E _enditures for deposits and guarantee deposits (AOP 556 to 558) 55 0 5181 Eipenditures for deposits in crediting and other financial institutions -in the country 554 0 . 0 5182 E )penditures for deposits in crediting and other financial ins titutions - abrad ,557 0 0 5183 Erpenditures forguarantee deposits i 558 0 0 52 Eerdilures furinesiments in securdes (AOP 560+563+S66+569) 559 521 Ependitures for commercial and Ireasury bills (AOP 561+562) 560 0 5211 Commercial and Ireasurybills - domestic 561 0; 0 - 5212 rCommerciatand treasurybills -foreign 562 0 0 522 Erenditure on bonds (POP 564+565) "11 0 06 5221 Bonds- domestic 54 0 0 5222 Bonds - foreign *0 05 523 Expenses for options and otheriinancial derivatives (AP 567+568) 6 0 5231 r*tions and otherfinancial derivalves - domestic lS- 0 0 - 5232 Options and other financial derivatives - foreign 58 0 524 Epenliture for olher securities (AOP 570+571) ,57 0 5241 O0ther domestic seacurilies ,570 6 5242 Other foreign securities 571 0 0 53 acquisition of shams and interests in equity(AOP 573.577+579+582) . i72 531 Shares and interests in the equityfrom credit and other financial institutions in the public 573 sctor(AOP574 to576) 5312 Shares and interests in equityof credit institutions in Ihe public sector 574 1 0 0 5313 Shares and interests in the equityof insurance companies in the public sector 0 0 5314 Shares and interests in the otherilnancial institutions in the public sector 575 0 0 $32 Shares and interests in he equityof companies in the public sector (AOP 575) 577 0 0 5321 Shares and interests in the equityof companies in the public sector 1578 0' 0 533 Shares and interests in the equityof credit and otherinancial instituions outside the j 579 public seclor(ADP 580+581) 1 5331 Shares and interests in the equityofdomestic creditand otherfinancial institutions 0 0 Outside the public sector I 5332 Shares.and interests in the equityot foreign credit and otherinancial instuion .541 0 534 Shares and interests in the equityof companies outside the public sector(AOP 583.584) 552 0 - 5341 Shares and interests in the equityof domestic companies outside lhe public sector 553 0 0 - 5342 Shares and interests in the equityof foreign bade companies 54 0. 54 Expemtur. fo reaymen oF ppl Frn me.;d t-ngi rd Were (AOP 555.8s*75 0' 8,751e,814o ) Repayment of principal from received bonowings and loans tom international 586 0 0 organizations EU institutions and bodies and foreign governments (ADP 567 do 590) 5413 Repayment of principal from loans received from international organizations SS7 0 0. 5414 Repayment of principal from borrowings and loans from EU institutions and bodies 588 5415 Repayment of principal from loans.received from foreign govemments in the EU 589 0 5416 Repaymentofprincipal from loans received hrom foreign governments outside the EU 590: 0 0 542 .Repayment of principal received from borrowings from creditinstitutions and other 0 0 iinancial institutions in the public sector (AOP 592 to 594) 5422 Repayment of principal received from borrowings from credit institutions in the public 592 0' sector :5423 Repayment of principal tom loans received from insurance companies in public sector 593 0 0. 5424 Repayment of principal from loans received tom other financial institutions in the public 594 0: 0 sector $43 Repayment of principal from loans received from comparues in the public sector (AOP ses 0 0 I596) 5431 Repayment of principal from loans received from companies in public sector 50 0 Repayment of principal from borrowings and loans from credit and other financial institutions outside the public sector (AOP 598 to 603) 5443 Repayment ofprincipal from borrowings trom domestic credit institutions outside the 598 0 public sector Repayment of principal from loans received from domestic insurance companies out of the public sector '5445 Repayment of principal from loans received from other domestic inancial ins tituions No 0 J outside the public sector 5446 Repayment of principal tom loans received tom foreign credit instiutions 601 0 5447 Regayment of principal from loans received tom foreign insurance companies 60 02 _L4409tR enofrinciRsal from loans received from other foreil inanilisiuin 43_ 17 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account . ..AchIeved ithe 'Acldevedtnlth. i.g .from .NAME IAOP Iiilrtigped o rein pet.Wdo 4)o aj c laI. . 6... *- t yprevsdar. .theiinei ar_i L - 545 Repaymentofprincipalfrom loans received from companies and entrepreneurs outside 6 the public sector (ADP 605 do 608} 5453 Repayment of pruicipal Irom loans received from domestic corrpanies outside the public sector 606 l 0 5455 ] Repayent of principal from loans received from foei cominies s1 0 5456 Repayment of principal from loans received from forei;n businesses 603 0 - 547 Repayrent of principal from loans received from otherlevis of authority(AOP 810 to 6161 609 5471 Repaymenl of principal from loans receivd from lie stale budget s1o 8,751,814 5472 epayment of principal from loans received-from countybudgets 611 0 0 - 5473 Repayment of principal from loans received from city budgets 612 0 0 5474 Repayment of principal rom loans received from municipal budgets ala 0 0 5 R75 _epayment of principal from loans received from the CPu, the CES and CHF 0. 0 5476 Repamentofprincipalfrom loans received from othernon-budgetbenelciades ofstate 6. 0 budlgetI Repayment of principal from loans received from non-budget beneficiaries of county. city 61 0 0 rand municipal budgets c a 55 E enditure for repaymentof principal on issued securites (AOPr618621 +624) 617 00 551 E)Venditureforrepaymentofprincipal onissudtreasury billsdAOP619+20) 8 0 0 5511 E)penditureforrepaymentofprincipalonissuedleasurybills in lire country 619 0 5512 Expenditureforrepaymentofprincipalonissued resurybilsabroad 012 0 552 EqVenditure for repayment of principal on issued bonds (OP 622+623) 621 [ 5521 E)penditure for repaynentof principal on bonds issued in the country 622 0 5522 penditure for repayment of principal on bonds issued abroad o623 0 553 Eenditure for repayment of principal on othirissued securities (AOP 625+624) 624 0 5531 EVnditure for repaymntof principalonoissdr securlties in the country 46 9 0 - 5532 Eqenditure for repayment of principal on otherissued securities abroad 626 EARNINGS SURPLUS FROMFINANCIAL ASSETS AND OBLIGATIONS AOP 408-519) 627 0 0 EARNINGS DEFCIT FROM FINANCIAL ASSETS AND OBLIGATIONS (AOP 9408) 628 44273 65.66404 148.3 92213 Eamings surplus from financial assels - carried over 629 92223 Earnings deficit from financial assets -carried over 636i TOTAL. REVENUES AND EARNINGS (AOP 401+408) 631 150,423,347 152246.830 101.2 TOTAL EXPENDITURES AND EXPENSES(AOP402+519) 632 150190,21gr 153,522,316 1022 REENUES AND EARNINGS SURPLUS (AOP 631-632) 633 23 0 0.0 REVENUES AND EARNINGS DEFICIT(AOP 631-632) 634 0: 1.275.4861 - 9221-9222 Revenue and eamings surplus - carried over (AOP 405-406+629-630) 635 2,326,437! 2.253416 96. 0222-9221 Revenue and eamings deficit - carried over (AOP 406-405+630-629) 636 0 . Revenue and earnings surplus available in the nextperiod (AOP633+635-634-836) 637 977 930' 382 Revenue and eamin gs defcit.to cover the no)t period (AOP 634+636-633 635) 6380 191 EVpenses for future periods J639 ___1____ O 0K HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) AccountI . . Achieved a the,;' :Aaheved nthe tiidex from INAME AOP reporting perhidef reportingoprod of. aNc A ...: . .. ,- *' thepsv!euayeer,. .:-the curent.er . it Balanceoffunds atthe beginningofthe quaer 640 11,771,771 11,11019 94. 1 1-du9m. Total inflows on cash accounts and cash on hand 641 1,601.406 25,637,022 1,600.9 1-L.tq Totaloutflows from cash accounts and cash on hand 642 2,262,978 24.236.951 1,071.0 11 Balance offunds aththe end of the quare(640+641-642) 643 1111199j 12.510270 112.6 Aerage number of employees in bodies based on the balance atthe end of the reporting 0 0 period 1whole number) 'Average number of employees at the beneficiarybased on the balance at the end of the 'reporting period (whole number) 4s: 4 116 123A Average number of employees in bodies based on work hours (entire number) 646 0 0' - Arage number ofemployees atthe beneficiary based onwork hours (wholenumber) 647 74' 91 123.0 dio 611 Revenues generated from additional share of income tax for decentralized funcions S48 61315 Taxon usage ofpublic areas 649 61451 Taxon road motorvehicles 6500: 61453 ITaxon companyorcompanyname 661 63311 'Current assistance firom the state budget 1652 63312 Current assistance from countybudgets 653 63313 Current assistance from citybudgets 664 63314 Current assistance from municipal budgets 0. 0 63321 Capital assistance from the state budget 656 00 63322 Papital assistance from countybudgets 657 0 0 63323 Capital assistance from city budgets 656 0 0L 63324 .Capital assistancefrom municipal budgets S69 0 0 - 63414 Current assistance from CPI, the CES and CHIF &s0 0 0 63415 Current assistance from non-budgetbeneficiaries of the state budget 661 61 0 63416 Current assistance from non-budget beneficiaries of the countycityand municipal 662 0 0 budgets 63424 Capital assistance from CPll, the CES and CHIF 663 0 0 63425 Capital assistance from other non-budget beneficiaries ofthe stats budget 664 0 63426 |Capital assistance from non-budget beneficiaries of the county, cilyand municipal 66a 0 0 budgets 64191 Premiums on issued securities 666 0 0 64371 Revenue from intereston loans given to the state budget 667 a - 64372 Revenue from intereston loans given to county budgets s 0 0. 64373 Revenue from intereston loans given to citybudgets 669 0 0 - 64374 Revenue from interest on loans given to municipal budgets 670 0 0 64375 Revenue from interest on loans given to CP1l, the CES and CHIF 671 0; 64376 Revenue from interest an given loans to other non-budgetbeneficiaries of the state 672 6 budget 64377 Revenue from intereston given loans to non-budget beneficiaries offte county, cityand 673 muncipal budgets 65264 Sub-financing the price ofservices, participation and the like 674 65265 Supplementary health insurance 675 Checksumn AOP 6400o 675) 676 2674652 2 6 2 1 19 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account .j IAchived i the Achied n t ndex frail NAME AOP % roring r per iod of rpri eoo S . - .. -is iar, the rrent year. 312 14 Sevarancepay . 77 _ . _1,10 04 00 3121 Fees forcdisease, disability and in case of death 678 4,989 7,388 148.1 32121 Fees for transportation to work and from work 679 288,569 312,060 116.2 32361 Mndatory and prewntiw medical examinations of employees 80 8,000 20.500 256.3 32371 Copyightfees 681 0 3,151 - 32372 ITemporarysenice contracts 82 14.319 364.000 2.542.1 3277 iAeny services, student seNces (copying, translations and other) 683 27,263 8.425 30.9 32911 Remuneration to representative and eeculw bodies including administrative councils 684 : 45.278 30.827 68.1 32923 Premiums on insurance of employees * 68600 34111 Interestforissued treasury bills in the country 686 01 0 - 34112 Interest for issued treasury bills abroad 687 0 0 - 34121 Intereston promissorynotes issued in domesticcurrency 6e8 0 0 - 34122 intereston promissorynotes issued in foreigncurrency 689 0 0 - 34131 Interesion bonds issued in the country 490 0 0 - 34132 Intereston bonds issuedin abroad 691 0 0 - 34191 linteresion other securities in the country 692 0 0 i . 34192 Intereston othersecurities abroad r.93 Oj - 34213 Intereston borrowings from international organizations 694 0, 0 - 34214 Interest on borrowings and loans received from EU institutions and bodies 698 01 0 - 34215 Interest for borrowings receied from foreign governments in the EU 696 0 0 - 34216 Interest for loans receiwd from foreign govemments outside the EU 697 00 - 34222 Interest on loans from credit institutions in the public sector 686 0 0 - 34223 1interest for loans receiwd from insurance companies in the public sector 699 0 0 1 34224 Interest for loans receied from other financial institutions in the public sector 700 0 - 34233 Interest for loans receied from domes tic credit institutions outside the publicsector 701 0 0 - 34234 Interest for loans received from domestic insurance companies outside the public sector 702 0 0 - 34235 Interest for loans received from other domestic financial institutions outside the public 703 0 0 - sector 34236 Interest for loans received foreign credit institutions 704 0 0 - 34237 interestfor loans received from foreign insurance companies 706 0 0 - 34238 Interestfor loans received from other foreign financial institutions 706 0. 0 - 34273 Interestfor loans received from domestic companies outside the public sector 707 0 0 - 34274 Interest for loans received from domestic businesses 708- 0 0 34275 Interest for toans received from foreign companies 709 0 - 34281 Interestforloans receied from the state budget 710 0 0 - 34282 Interest for loans receiwd from county budgets 711 0 0 - 34283 Intereslfor loans received from citybudgets 712 0 0 - 34284 Interesfor loans received from municipal budgets 713 0. 0 - 34285 Interestforloans received from the CPi, the CES and CHIF 714 0. - 34286 Intereston loans received from othernon-budgetbeneficiaries of the state budget 718 0 0 - 34287 Interest on loans receied from non-budget beneficiaries of county, city and municipal 716 0 0 - budgets 34341 Discount on issued securities I717 0 - 35231 Subsidies to farmers 718 0 0 - 35232 Subsidies to businesses 719 551,838. 2,912,095 527.7 36313 Current assistance to the state budget 720 0 0 36314 Currenlassistance to countybudgets 721 0 0 - 36315 Current assistance to citybudgets 722 0 0: - 36316 Current assistance to municipal aid budgets 723 0! 36317 Current assistance to CPII, the CES and CHIF ! 724 i 0 0. 36318 Current assistance to other non-budget beneficiaries of the state budget 726 ol 0. - 36319 Current assistance to non-budgetbeneiciaries ofcounty, cityand municipal budgets 1726 0 0 - 36323 Capitalassistance the state budget 727 0 0 - 38324 !Capitalassisancetocountybudgels 728 0 0 - 36325 !Capital assistance to citybudgets 729 0 0 - 36326 Capital assistance to municipal budgets 730). 0 0 - 36327 Capital assistance to CPII,the CES and CHIF 731 0 0 - 36328 Capital assistance to other non-budget beneficiaries ofthe state budget 732 0j 0 - 36329 Capital assistance to non-budget beneficiaries ofcounly,cityand municipal budgets 733 01 0 36711 .Carrffyors forfinancing operating e)penditure 734 01 0 36712 Carryawrs for financing eenditure for purchasing non-financial assets 736 0 0 36714 !Catrgers for financing eMenditure for financial_assets and reparentof borrowings 736 1 0 0 - 20 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account . .1 Aieailiime ,Achievedinttie - itdex. from. NAME AOP .reporingperfedof: iporting pride:, - - ae itu - . .. . .AL . [t previous year,, tueic7utaeW WL 36811 Current assistance to the stale budget based on the transferof EU funds 737 0 36812 Current assistance to non-budgetbeneficiaries of counly, cityand municipal budgets 738 based on the transfer of Eu funds 36813 Capital assistance to budget beneficiaries of the state budget based on the transfer of EU - funds . 36814 Capital assistance tonon-budgetbeneficiaries of county, city and municipal budgets 4 0 01 based on the transfer of EU 36815 Currentassist'ance to county.budgets based on transfer of EU funds 741 .0 0 36816 Current assistance to citybudgets based on transfer of EU funds 742 0 0 36817 Current assistance to municipal budgets based on transfer of EU funds 743 0 0 - 36818 Current assistance to non-budgetbeneficiaries of the state budgetbased on transfer of 0. 0 EU funds 36819 Current assistance to non-budget beneficiaries of the county, city and municipal budgets 748 0 0 based on transfer of EU funds 36821 Capital assistance to budget beneficiares of the state budget based on transfer of EU funds [Capital assistance Io budget beneficiaries of county budgets based on ransfer of EU 36822i 1747 n 36823 Capital assistanceto budget beneficiaries of Citybudgets based on Iransfer of EU funds 748 1 a 36824 'Capital assistance to budget beneficiares of municipal budgets based on transfer ofEU 740 . funds 36825 Capital assistance to countybudgets based on Iransfer of EU funds 760 36826 _Capitalassistancetocitybudgets based ontransferof EUfunds 751 0 0 1 36827 Capital assistance to municipal budgets based on transfer of EU funds 752 0 0' Capital assistance tonon-budgelbeneficiaries of the state budget based on transfer of EU funds 36829 Capital assistance to non-budget beneficiaries of the county, cityand municipal budgets 764 based on transfer of EU funds 37131 Benefits for illness and disability 75 0 0 - 37132 'Benefits for healthcare prolection abroad 756 0: 0 37139 Other benefits based on insurance in monies 757 0 0 - 37141 Medical (ealthcare) sences 78 0 0 37143 Pharmaceuticals 759 a 0 37144 Help and care at home 760 0 0 37149 Other benefits based on insurance in kind 761 0 37211 Child benefit payments 820 37212 Benefits to families and households 763 0 0 37213 Benefits to disabled persons 764 1 0 37214 Benefits for pensions and additions - special laws 76 I 0 37215 Scholarships and tuition fees 76 0, 37216 Benefits for supporting ex-political prisoners and unjustifiably detained persons 767 0 0. 37217 Matemityleavepaymentandequipmentfornew-boms 78 0 0 37218 Benefits to unemployed persons 769 0 0 37219 Other benefits from the budget in monies 770 0 0 - 37221 Sub-financing transport prices 771 0 0 37222 Help and care at home 772 0 0. 37223 Housing 7731 0 0 37224 Food 774 0 0' 37229 Other benefits from the budget in kind 775 0, 01 38117 Current donations to citizens and households 776 0 0 38612 Capital assistance to companies in the public sector 777 0 0 38813 Capital assistance to credit institutions in the public sector 778 38614 Capital assistance to insurance companies in lhe public sector 779 0 38615 Capital assistance to other financial institutions in the public sector 740 0 38622 Capital assistance tot companies outside thepublic sector 781 53.949,856, 30,703.588 569 38623 [Capital assistance to credit institutions outside the public sector 782 38624 Capital assistance to insurance companies outside the public sector 753 - 0 38625 Capital assistance to other financial institutions outside the public sector 784 0 09 38631 Capital assistance to farmers 785 0 0- 38832 Capital assistance to businesses 756 11,333,239 7,636,059 874 Chec ksum JAOP 677 to 786) ._______j757. 6615,790. 41.9998. 34* 21 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account .I.f Achie*ed in t, I. Ahleiid iii the' .frorrm ,MNME AOP reportingperioo repiorting periodoif kgaa - - . the previous.year,1 _ thedCunMyear,.- 81212 Repayment of loans given to non-profit organizations, citizens and households in the 788N 0 01 country- loq-term 81213 * Repayment of loans given to non-profit organisations, cilizens and households in the 789 0 0 - country based on protested guarantees 81322 RepayMent of loans givan to credit institutions in the public sector- long-term 790 0 0 - 81323 Repayment of loans given to creditinstilutions in the public sector based on protested 781 0 0 guarantees 81332 Repayment of loans given to insurance companies in the public sector- long-ternn 792 0 0, - 81333 Repaymentof loans given to insurance companies in the public sector based on 793 01 0 protested guarantees 81342 Repayment of loans given to other financial institutions in the public sector - long-term 794 00 - 81343 Repayment of loans given to other financial institutions in the public sector based on 7950 0 protested guarantees 81411 Repayment of loans given to companies in the public sector- short-tem 706 0 0 - 81412 Repaymentof loans given to companies in the public sector - long-term 797 0 - 81413 Repayment of given loans to companies in the pubic sector based on protested guarantees 798 0 0 - 81532 Repaymesnt of leans given to domestc credit institutions outside the pubic sector - long-term 799 0 0 - 81533 Repayentof loans given to domeslic credit institutions outside the public sector based eon 0 0 - on protested guarantees 1 81542 Repayment of loans given to domestic insurance companies outside the public sector - a 0 0 - long-term 81543 Repayment of loans given to domestic insurance companies outside the public sector 0D. based on protested guarantees 81552 Repayment of loans given to other domestic financial institutions outside the public sector 03 0 0 - - long-term 61553 Repayment of loans given to other domestic linancial institutions outside the public sector 804 0 0 based on protested guarantees 81631 Repaymentof loans given to domesliccompanies outside the public sector- short-tenn 805 0 0 - 81632 Repaymentof loans given to domestic companies outside the public sector- long-term 80 0 0 - 81633 Repayment of loans given to domestic companies outside the public sector based on 807 0 - protested guarantees 81641 Repaymentof loans given to domestic businesses - short-tem 808 D - 81642 Repayment of loans given to domestic businesses - long-term 809 0 - 81643 Repaymentof loans given to domestic businesses based on protested guarantees 810 0 81711 Repayment of loans given to the state budget - short-tern 811 0 0. - 81712 Repaient of loans given to the state budget -long-term 812 00 - 81721 Repeyment of loans given to countybudgets - short-tem 8130 0 - 81722 Repayment of loans given to countybudgets - long-term 814 0 0 - 81723 Repaynntorgiven loans to countrybudgets based on protested guarantees 815 0 0 - 81731 Repaymentofloans given to city budgets - short-tem 8 0 0 - 81732 Repaymentof loans given citybudgets - long-term 817 0 0 - 81733 Repaymentof loans given citybudgets based on protested guarantees 818 0 0 - 81741 Repayment of loans granted to municipal budgets - short-tem 819 0' 0 - 81742 Repayment of loans granted to municipal budgets - long-term 820 0 0 - 81743 Repaymentof loans granted to municipal budgets based on protested guarantees 821 0 0 - 81751 Repaymentofloans granted to the CPII.the CES and CHIP - short-tern 822 0 0 81752 Repaymentofloans granted to the CPII, the CES and CHIF - long-term 823 0 0: 81753 Repayment of loans granted to the CPIl, the CES and CHIP based on protested 824 0 0 - guarantees 81761 Repayment of loans given to other non-budget beneficiauies of the state budget- short- 826 0 0 - ternI 1 Repayment of loans given to other non-budget beneficiaries of the state budget - long- 81782 eamntoonsgvnt olero 928 0 0 - term 81763 Repayment of loans given to other non-budget beneficiaries of the state budget based on 0 0 protested guarantees 81771 Repayment of loans given to non-budget beneficiaries of county. cityand municipal 828! 0 0 budgets - short-tern 81772 Repaymentofloans given to non-budgetbeneficiaries ofcounty, cityand municipal 29 01 - budgets - long-term Repaymentof loans given to non-budget beneficiaries of county, city and municipal 87 budgets based on roltested ouarantees 22 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) ACCountf Achede the Achievd Inti dex from NAME - AOP reporti d i -r r o acse an . *_ . -. .. .-- --.-. - . -th previous wear; . . the cuiil ear;, Co &. th pMl 82412 Other securities - domestic - log-ter 31 0 0 84132 Loans received from intemational organizations - long-term 832. 84142 Borrowins and loans received from the EU institutions and bodies - lonj-term 8330 84152 Loans received from foreign governments in the EU - long-term 834 84162 Loans received from foreign govemments outside the EU - long-term iis 0 84221 Loans received from credit Institutions in the public sector- short-ten 836 , 0 84222 'Loans received from credit institutions in the public sector- long-term 837 0 0 84223 Financial leasing received from credit institutions in he public sector 838 0 0 84232 Loans received from insurance companies in the public sector- long-term 839 0 84242 Loans received from other financial institutions in the public sector- long-term 8400 1 - 84243 Financial leasing received from other financial institutions in the public sector -841 1 - 84312 Loans received from companies in the public sector-iong-ternn 842 0 0r 84431 Loans received from domestic credit institutions outside the public sector- short-tem 843 0 0 84432 Loans received from domestic credit inslitutions outside the public sector- long-term 844 0 0 84433 Financial leasing received from domesticcreditinslitutions outside the public sector 848 0 0 84442 Loans received from domestic insurance companies outside the public sector- long-term 846 0 84452 Loans received from other domestic financial institutions outside the public sector - long- 7 tern 84453 Financial leasing received from other domestic financial institutions outside the public .1 isector 84461 Loans received from foreign credit institutions - long-term 849 0 0 84462 Loans received from foreign credit institutions - short-tam ago 0. 0. 84463 861 0 0 - 84472 Loans received from foreign insurance companies - long term I 862 0 0 - 84482 Received loans from other foreign financial institutions -long-term 863 0 0 84483 Financial leasing received from other foreign financial institutions 864 0 0 84532 Loans received from domestic companies outside the public sector long-term ass 0 0 84542 Loans received from domestic businesses - long-term 886 0 0 84562 Loans received from foreign companies - long-term 857 0 84711 Loans received from the state budget- short-tem 580 0 84712 oans received from the state budgetlong-term 859 0a 0 8472 1 Loans received from county budgets - short-tern 800 0 84722 Loans received from countybudget- long-term 861 0 84731 Received loans from city budgels - short-tem 862 0 0 84732 Received loans from citybudgets - long-term 863 0 0 - 84741 Loans received from municipal budgets - short-term 864 0 0 84742 Loans received from municipal budgets - tong-term 68. 0 0 - 84751 Loans received from CPII, the CES and CHIF - short-term 86 0; 0 - 84752 Loans received from CPII,the CES and CHIF - long-term 867 0 0 - 84761 Loans received from other non-budget beneficiaries of the state budget- short-term 868 0 0 84762 Loans received from othernon-budget beneficiaries of the state budget- long-term 869 0 0 84771 Loans received from othernon-budget beneficiaries ofcounty, cityand municipal budgets 70 0 0 shot-ternm 84772 Loans received from other non-budget beneficiaries of county, cityand municipal budgets 871 - long-terrn 85412 Other domestic securities - long-term 872 0 1 ChecksurnfAOP 788toB8721 873 ArM 23 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account . ... Achleved In he Achlived la te Index from... NAME -hAO6R reporting p.reod rupo.re ngpldedf1 ac plan. -. . _ i_ -te prevIous.par, tlirrent sar. .6141 51212 Loans given tonon-profitorganizations,citizens and households in lhecounlry- long-terml 874 . 51213 Loans given tonon-profitorganizations,tciizens and households In thecountrybased on 375 - protested guarantees 51322 :Loans given to credit institutions in the public sector - long-term 876 0 5323_ Loans giwn to credit institutions in the public sector based onprotested guarantees 877 0 0 51332 Loans Aiven to insurance companies in the public sector - long-term 8780 51333 Loans given to insurance companies in the public sector based on protested guarantees 879 0 51342 Loans given to otherfinancial institutions in the public sector- long-term 880 0 51343 Loans given to otherlinancial institutions in the public sector based on protested al 0 a guarantees 51411 Loans given to companies in the public sector- short-term 882 0 0 51412 Loans given to companies in the public sector - long-term 83 0 51413 Loans given to companies in the public sector based on protested guarantees 684 0 - 51532 Loans given to domestic credit institutions outside the public sector- long-term 685 0 0 - 51533 Loans given to domestic credit institutions outside the public sector based on protested guarantees 51542 Loans given to domestic insurance companies outside the public sector- long-term 887 01 OM 51543 Loans given to domestic insurance companies outside the public sector based on 0 0 protested guarantees I 51552 Loans given to other domestic financial institutions outside the public sector- long-term 86 0 0 51553 Loans given to other domestic financial institutions outside the public sector based on 890 0 protested guarantees 51631 Loans given to domestic companies outside the public sector - shod-term 891 0 0 51632 Loans given to domestic companies outside the public sector- long-term 892 30,991.881 3234.310 IOA 51633 Loans given to domestic companies outside the public sector based on protested 930 36444,949 guarantees 51641 Loans given to domestic businesses - short-term 814 51642 Loans given to domestic businesses - long-term 89$ 13,407,602 450A6 3. 51643 'Loans given to domestic businesses based on protested guarantees 96 0 16,93,925 - 51711 Loans given to the state budget- short-term :897 0 51712 Loans given to the state budget-long-term 898 0 0 51721 Loans gien to county budgets - short-term 899 0 0 51722 Loans given to countybudgets - long-term o 0 0 - 51723 Loans given to county budgets based on protested guarantees 901 51731 Loans given to city budgets - short-term 902 0 0 51732 Loans given to citybudgets -long-term 903 0 0. 51733 Loans given to citybudgets based on protested guarantees 9041 0 - 51741 :Loans given to municipal budgets - short-term 905 51742 Loans given to municipal budgets - long-term 90. 0 0 51743 Loans given to municipal budgets based on protested guarantees 907 0 0 51751 _Loans given to CPII, the CES and CHIF - short-term 908 0 0 51752 Loans given to CPII. he CES and CHIF - long-tean 909 0 0 51753 :Loans given to CPIIlthe CES and CHIF based on protested guarantees , 910O0 0 51761 Loans given to othernon-budgetarybeneficiaries of the slate budget- shod-term I 91 01 0 51762 Loans given to othernon-budgetarybeneficiaries of the state budget- long-term 912 0 0 51763 Loans given to othernon-budgetarybeneficiaries of tle state budget based on protested 943 0 0 guarantees 51771 Loans given to non-budget beneficiaries of county, cityand municipal budgets - short- 914 0 - term 51772 Loans given to non-budget beneiciaries of county, city and municipal budgets - long-term 915 0 0 51773 Loans given tonon-budget beneliciaries ofcounty, city and municipal budgets based on 0 0 protested guarantees 54132 Repayment of principal from loans received from international organizations - long-term 917 0 54142 Repaymentof principle from received loans and borrowings from EU institutions and 008 bodies - long-term ! 54152 Repayment of principal from loans received from foreign govemments in the EU -long- 1 term 54162 Repayment of principal of loans received from foreign governments outside the EU - long- 920 0 term 54221 Frincipal repaymntot bans received frorcredit institutions in the pubic sector- shortmterm 921 0 54222 Prncipal repayment of loans received fromcredit inttutbons in the pubic sector - long-terr 922 0 54223 Repayment orprincipal from financial leasing from credit institutions in the public sector 923 0; 0 54232 Repayment of principal of loans received from insurance companies in the public sector- 924 0 0 long-term 54242 Repayment of principal ofloans received from other financial institutions in the public 626 0 sector - long-term 54243 Repayment of principal from financial leasing from other financial institutions in the public 926 0 I 24 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account . . . . . . Achieved In the Achieved in the - - freii ** NAME AOP eiiMgiededof reportingperiodof: In: acl . ..a the prevlisir.- : the cumentyar, nec.M 54312 Repayment of principal of loans received from companles in the public sector - long-term 927 0 0 54431 Principal repayment of loans received from domestic credit institutions outside the public 928 0 0 sector - short-term 54432 Principal repayment of loans received from domes tic credit institutions outside the public 2 - sector- long-term 54433 Repaymentofprincipalfrom financial leasingfrom domestic credit institutions outside the 930 a a public sector 54442 Repayment ofprincipal of loans received from domestic insurance companies outside 931 0 - the public sector - long-term 54452 Repayment of principal of loans received from other domestic financial institutions 0 0 outside the public sector - long-term 54453 Repayent of principal from financial leasing from other domestic financial institutions 0 0 outside the public sector 54461 Repaymentof principal of loans received from foreign credit institutions - short-term 934 0 0 54462 Repayment of principal ofloans received from foreign credit insiutions - long-term 936 0 D 54463 Repayment of principal from financial leasing from foreign credit institutions 936 0 0 54472 Repayment of principal of loans received from foreign insurance companies - long-term 937 0 0 54482 Repayment of principal of loans received from other intemational financial institutions - 9380 0 long-term 54483 Repayment of principal received from financial leasing from otherforeign financial 939 0 institutions 54532 Repayment af principal of loans received from domestic companies outside the public sector- long-term 54542 Repayment of principal of loans received from domestic craftsmen - long-term 941 0 0 54552 Repayment ofprincipal of loans received from foreign companies - long-term 942 0 54711 Repayment of principal of loans received from the state budget- short-term 430 54712 Repaymento(principal of loans received from the state budget- long term 440 8,751,4 54721 Repayment of principal of loans received from countybudgets - short-term 40 0 54722 Repayment of principal of loans received from county budgets - long-term 946 0 - 54731 Repaymentof principal of loans received from citybudgets - short-term 947 0 0 54732 Repayment of principal ofloans received from city budgets - long-term 948 D 0 54741 Repayment of principal of loans received from municipal budgets - short-term 949 0 0 54742 Repayment of principal of loans received from municipal budgets- long-term 950 0 0 54751 Repayment of principal ofloans receivd from the CPi, the CES and CHIF- short-term 951 0 54752 Repayment of principal ofloans received from the CP1l, the CES and CHIF- long-term 952 a 0 54761 Repayment of principal of loans receied from other non-budget beneficiaries of the state 0 budget - short 54762 Repayment of principal of loans received from other non-budget beneficiaries of the state 0 - budget - long-term 54771 Repayment of principal of loans received from non-budget beneficiaries ofcounty, city and 96 0 0 municipal budgets - short-term 54772 Repayment of the principal from the issuing of other securities in the country- long-term 956 0 0 55312 Expenses for repayment ofprincipal on other issued securities in the country-long-term 167 0 0 l___Checksurn(AOP 874 to957) 1968 1 44,399,487 65,85.409~ 148.3 25 HAMAG-BICRO Financial statements for 2015 STATEMENT ON REVENUE AND EXPENSES, RECEIPTS AND SPENDING (continued) Account* - . - ..--e .,CR. I hlanceat end of. * .'fdMDIMCIRIPTIOTl N. AOP 13213 Loans to non-profit organizations, citizens and households in the country based on 99 0 protested guarantees 13323 Loans to credit institutions in the public sector based on protested guarantees 960 0 13333 Loans to insurance companies in the public sector based on protested guarantees 961 0 13343 Loans to other financial institutions in the public sector based on protested guarantees 962 0 13413 Loans to companies in the public sector based on protested guarantees 963 0 13533 Loans to domestic credit institutions outside the public sector based on protested 964 0 guarantees 13543 Loans to oomesTic insurance companies ouisiae me puaic sectoroasea on proiesea 965 13553 CUA4Y'i8%iner oomesucainanciai insotuuons ouissae me puoiic sector oaseo on 966 0 135531 13633 Loans to domestic companies outside the publicsectorbased on protested guarantees 967 90.272,617 13643 Loans to domestic businesses based on protested guarantees 968 85,205,463 13723 Loans to county budgets based on protested guarantees 969 0 13733 Loans to city budgets based on protested guarantees 970 0 13743 Loans to municipal budgets based on protested guarantees 971 0 13753 Loans to CPII, the CES and CHIF based on protested guarantees 972 0 13763 Loans to other non-budget beneficiaries of the state budgetbased on protested 973 0 guarantees 13773 Loans to non-budget beneficiaries of county, cityand municipal budgets based on 0 protested guarantees 23951 Liabilities for pre-payments 975 0 26223 Liabilities for financial leasing from credit institutions in the public sector 976 0 26224 Liabilities for factoring-based loans from credit institutions in the public sector 977 0 26233 'Liabilities for factoring-based loans from insurance companies in the public sector 978 0 26243 .Liabilities for factoring-based loans from insurance companies in the public sector 979 26244 Liabilities for factoring-based loans from other insurance companies in the public sector 980 26314 Liabilities for factoring-based loans from companies in the public sector 981 0 26433 Liabilities for financial leasing from domestic credit institutions outside the public sector 982 0 26434 Liabilities for factoring-based loans from domestic credit institutions outside the public 0 sector 26443 Liabilities for factoring-based loans from domestic insurance companies outside the 984 0 public sector 26453 Liabilities for financial leasing from domestic insurance financial institutions outside the 985 0 public sector 26454 Liabilities for factoring-based loans from other domestic financial institutions outside the 0 public sector 26463 Liabilities for financial leasing from foreign credit institutions 987 0 26464 'Liabilities for factoring-based loans from foreign credit institutions 988 0 26473 "Liabilities for factoring-based loans from foreign insurance companies 989 0 26483 Liabilities for financial leasing from other foreign financial institutions 990 0 26484 Liabilities for factoring-based loans from other foreign financial institutions 991 0 26534 Liabilities for factoring-based loans from domestic companies outside the public sector 992 0 26544 Liabilities for factoring-based loans from domestic businesses 993 0 26554 Liabilities for factoring-based loans from foreign companies 994 0 26564 Liabilities forfactoring-based loans from foreign businesses 995 0 Checksumn 9AOP 959 to 9950 6 175.4780 26 HAMAG-BICRO Financial statements for 2015 STATEMENT OF CHANGES IN VALUE AND RANGE OF ASSETS AND LIABILITIES REPORT ON CHANGES TO THE VALUE Form P-VRIO AND SCOPE OF ASSETS AND LIABILITIES (VP156) for the period from 1 January to 31 December 2015 Obligor: RKP: 46237, MB: 00767875 HAMAG BICRO Zagreb 10000 ZAGREB, KSAVER 208 Level: 11, Section: 051 Activity: 6619 Other auxiliary activities for financial services, besides Insurance and pension funds A:ciii Anmoint of, Amount of, - - . . I 9151 Changes in the value and volume of assets (AOP 002 + 018) 001 30521530 709 91511 rChanges in values (revaluation) of assets (AOP 003 + 010) 1 002 0 0 Changes in values (revaluation) of non-financial assets (AOP 004-409) 003 Non-produced fixed assets 0 Produced fixed assets .005 Precious metals and other stored value |0061 MKnor inventory 007 Fixed financial assets in preparation 008 Produced current assets 009 Changes in values (revaluations) of financial assets (AOP 011-017) 0100 Cash in bank and cash in hand 011 .VUJUSIuS, yuHIuttft uWpubiLb UII ueuVIIAuie SIilpIaue uu IVr iniuts ilu tm 012 Receivables for given loans 013 Securities . 014 Shares and interests in equity i o1s Receivables for business revenue 016 Receivables from the sale of non-financial assets 017 91512 Changes in the volume of assets (AOP019 +026) 018 30,521,5301 709 Changes in the volume of non-financial assets (AOP 020 t0025) 019 30,521.530 709 Non-produced fixed assets 020 Produced fixed assets i 021 30,521,530 709 Precious metals and other stored value 022 Minor inventory 023 Fixed financial assets in preparation 024 Produced current assets in 025 Changes in the volume of financial assets (AOP 027 to033) 026 0 0 Cash in bank and cash in hand 027 vupusb, 9uMwaIIVe upVu'VmIIiU dIIwultm Iur uIIipIIyUW IuuIlYw uvi PkI iU 028 eceivables from given loans 029 Securities 030 Shares and interest in equity 031 Receivables for business revenue 032 Receivables from the sale of non-financial assets 033 9152 Changes in values (revaluation) and the volume of liabilities (AOP 035 +040) 034 0 91521 Changes in value (revaluation)of liabilities (AOP 036 to 039) 035 0 0 Liabilities for business expenditure 036 Liabilities for the purchase of non-financial assets 037 Liabilities for securities 038 Liabilities for loans and borrowings 039 91522 Changes in the volume of liabilities (AOP 041-044) 040 Liabilities for business expenditure 041 Liabilities for the purchase of non-financial assets 042 Liabilities for securities 043 109 Liabiltes for loans and borrowings 044.. . .. o 27 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS 1. ABOUT THE AGENCY The Croatian Agency for SMEs and Investments (HAMAG INVEST) was established pursuant to the Small Business Development Promotion Act (Official Gazette - OG 29/02) amended pursuant to the Act on Amendments to the Small Business Development Promotion act (OG 53/12). The founder is the Republic of Croatia. Croatian agency for SMEs and Investments (HAMAG INVEST) had a statutory change on May 8h 2014 according to which Business-Innovation Agency of the Republic of Croatia (BICRO) was merged pursuant to the Act on on Amendments to the Small Business Development Promotion Act (OG 56/13) and the Contract on Merger of the Business-Innovation Agency of the Republic of Croatia (BICRO) to HAMAG INVEST of 8 April 2014. Business-Innovation Agency of the Republic of Croatia - BICRO was founded pursuant to the Regulation on founding of the the Business-Innovation Agency of the Republic of Croatia BICRO from February 29' 2012. BICRO was the first legal successor of the BICRO Ltd and HIT Ltd in liquidation. Pursuant to the above listed Regulation BICRO Agency was supposed to take over program implementation activities of the companies BICRO Ltd and HIT Ltd that were financed from the state budget. This was related to the archive and other documentation, equipment, assets, financial rights and obligations and employees related to the above listed activities. The Croatian Agency for SMEs, Innovations and Investments (HAMAG-BICRO) had ensured the funds from the State Budget of the Republic of Croatia designated as section 051 - Ministry of Business and Trade (Official Gazette 141/14 of 01/12/2014) in the amount of HRK 154,579,431 and with the most recent amendments to the current budget of 28/09/2015 (Official Gazette no. 103/A) in the amount of HRK 161,590,798. 28 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) 2. ACCOUNTING POLICIES HAMAG-BICRO applies budgetary regulations applicable in the Republic of Croatia for the preparation of financial statements as follows: Budget Act, Ordinance on Financial Reporting in Budgetary Accounting, Law on the Execution of the State Budget of the Republic of Croatia (the new one is published for each fiscal year), Ordinance on Budget Accounting and Chart, Fiscal Responsibility Act. Entry and recording in business books is based on credible, authentic and previously controlled accounting documents. Legal representative or the person authorized by the signature on a document or by a memorized authorization code guarantees for the transaction that the document is authentic and that it shows the real business change or transaction. Assets List of assets and liabilities is prepared at the end of a business year with the balance on the balance sheet date. Data in the list are entered individually in non-pecuniary and pecuniary terms in inventory lists. Inventory lists are bookkeeping documents the credibility of which is verified by the members of the Inventory Commission by their signatures. Assets are initially declared at purchase cost (purchase value) or at estimated value. Fixed assets are financial and non-financial assets with the useful life longer than one year and which keep the same form for more than one year. Fixed assets with individual purchase cost (value) is lower than HRK 3,500.00 can be written off on one-off basis, by its classification into the liability of individual or group monitoring in its useful life. Current non-financial assets are assets intended for activity performance or further sale within the period shorter than one year. The value of fixed assets is adjusted according to annual rates by a linear method (buildings 1.25% - 5%, personal cars 20% and equipment 12.5% - 25%). The basis for fixed assets write-off is its initial or revalorized purchase cost (value), or estimated value. For the asset's value adjustment own resources are reduced. Accounting plan Accounting plan contains 10 classes: 0-Non-financial assets, 1-Financial assets, 2-Liabilities, 3-Operating expenses, 4-Expenses for purchase of non-financial assets, 5-Expenditure for financial assets and loan repayment, 6-Operating income, 7-Income from sale of non-financial assets, 8-Income from financial assets and borrowings and 9-Own sources 29 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) 2. ACCOUNTING POLICIES (continued) Non-financial assets include: intangible fixed assets, tangible fixed assets, small inventory, fixed non- financial assets in preparation and tangible current assets. Financial assets consist of: cash in bank and in hand, deposits, guarantee deposits and receivables from employees and for prepayments made regarding taxes and other, receivables for given loans, securities, shares and shares in principal, receivables for operating income, receivables from sale of non-financial assets and expenditure of future periods and deferred income (prepayments and accrued income). Liabilities consist of: liabilities for opening expenses, liabilities for purchase of non-financial assets, liabilities for securities, liabilities for credits and loans and accrued expenses and deferred income (accruals and deferred income). Operating expenses include the results of transactions affecting the reduction of net value and are classified into the following groups of accounts: 31 Staff costs, 32 Material expenditure, 34 Financial expenses, 35 Subsidies, 36 Aid given abroad and within the general budget, 37 Compensations to citizens and households based on insurance and other fees and 38 Other expenses. Income includes the result of transactions affecting the increase of net value and are classified into following groups of accounts: 63 Foreign aid (grants) and from operators within the general budget; 67 Income from the budget. Own sources contain: 91 Own sources and adjustment of own sources, 92 Operating result, 96 Accrued operating income, 99 Off-balance items (borrowed assets obtained for use). 30 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) 3. FINANCIAL STATEMENTS A. REVENUE In the period from I January to 31 December 2015 the Agency achieved HRK 152,236,830 relating to funds from: Revenue Achieved in Achieved in in HRK 2014 2015 Revenue from the budget 149,969,509 150,007,327 Assistance from foreign organisations and EU institutions and bodies 74,465 1,348,331 Revenue from financial assets 44,030 2,195 Revenues from interest on given loans - 792,431 Revenues based on particular laws 36,351 86,383 Revenues from the sale of products and goods including services rendered 298,779 10,163 Other revenues 213 TOTAL OPERATING REVENUES 150,423,347 152,246,830 AOP 001 - The Croatian Agency for SMEs, Innovations and Investments achieved total revenue amounting to HRK 152,246,830. Revenues were achieved based on assistance from international organisations and EU institutions and bodies (AOP 051) amounting to HRK 1,348,331; revenues from financial assets (AOP 072) amounting to HRK 2,195; revenues from interest on given loans (AOP 087) amounting to HRK 792,431; revenues based on particular laws (AOP 102) amounting to HRK 86,383; revenues from the sale of products and goods including services rendered (AOP 121) amounting to HRK 10,163; and revenues from budgets (AOP 128) amounting to HRK 150,007,327 for the purpose of financing regular business overheads and other specific activities of the Croatian Agency for SMEs, Innovations and Investments. Revenues from budgets comprises revenue for financing operating expenditure (AOP 129) amounting to HRK 83,787,710, revenues for financing expenditure for the procurement of non-financial assets (AOP 130) amounting to HRK 354,214 and revenue for financing expenses for financial assets and repayment of loans (AOP 131) of HRK 65,865,403. B. EXPENDITURES Expenditures Achieved in Achieved in in HRK 2014 2015 OPERATING EXPENDITURES 104,995,885 87,224,579 Expenditures for employees 11,788,692 13,315,598 Tangible expenditures 4,092,569 6,229,168 Financial expenditures 7,863 5,390 Subsidies 23,823,667 29,334,776 Other expenditures 65,283,094 38,339,647 EXPENDITURES FOR THE PROCUREMENT OF 794,851 432,333 NON-FINANCIAL ASSETS Licences 117,280 83,981 Expenditures for the procurement of produced fixed assets 677,571 348,352 TOTAL OPERATING EXPENDITURES 105,790,736 87,656,912 31 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) 3. FINANCIAL STATEMENTS (continued) B. EXPENDITURES (continued) AOP 147 - operating expenditures amount to HRK 87,224,579 which is a significant decrease of 17% with respect to 2014. Expenditures relate to employees (AOP 148) amounting to HRK 13,315,598 and is an increase of 13% with respect to 2014, stemming from the recruitment of new workers. Tangible expenditures (AOP 160) amount to HRK 6,229,168 where the increase of 52% is linked to relocating to new premises, temporary payment of overheads at 3 locations, as well as the procurement of office furniture and equipment for those newly employed. Financial expenditures (AOP 194) amount to HRK 5,390; subsidies (AOP 213) amount to HRK 29,334,776 and other expenditures (AOP 148) amount to HRK 38,339,647 linked to capital assistance to companies outside the public sector and capital assistance to farmers and businesses which is subject to reduced available funds for activities A563119 - Incentives to small and medium enterprises - entrepreneurial impulse. AOP 334 - expenditures for procurement of non-financial assets amount to HRK 432,333 and represented costs of procuring licences (AOP 343) amounting to HRK 83,981 and expenditures for procuring produced fixed assets (AOP 347) amounting to HRK 348,352 for office equipment and furniture, communication equipment and investing in computer software. C. EXPENSES Total expenses for financial assets and repayment of loans (AOP 519) in the period 01/01/2015 - 31/12/2015 amounted to HRK 65,865,404 comprising: - expenses for given loans to domestic companies and businesses outside the public sector (AOP 542) amounting to HRK 57,113,590 and representing an increase of 29% with respect to 2014, and relating to paid protested guarantees for small entrepreneurs, or specifically, loans given to domestic companies outside the public sector (AOP 543) amounting to HRK 39,679,259 and loans given to domestic businesses (AOP 544) amounting to HRK 17,434,331 and - expenses for repayment of principal from an IBRD loan amounting to HRK 8,751,814 (AOP 585). D. BALANCE SHEET Value of assets, liabilities and proprietary sources at the beginning and end of 2015 Description 1 January 2015 31 December 2015 in HRK in HRK NON-FINANCIAL ASSETS 1,646,386 31,809,739 Non-produced fixed assets 223,558 54,347 Produced fixed assets 1,422,828 31,755,392 FINANCIAL ASSETS 185,264,414 236,543,496 Cash on account at domestic commercial banks 11,110,199 12,510,269 Deposits, guarantee deposits and receivables against ,323,204 1,327,002 employees and for overpaid taxes and else Receivables for given loans 164,638,266 210,868,205 Shares and stakes in the principal of companies in the 12,000 12,000 public sector Receivables for operating revenues 6,989,513 10,546,360 Expenditures of future periods and accrued income 1,191,232 1,279,660 TOTAL ASSETS 186,910,800 268,353,235 Liabilities 40,623,022 23,251,517 Proprietary sources 146,287,778 245,101,718 TOTAL LIABILITIES AND PROPRIETARY 186,910,800 268,353,235 SOURCES I 32 HAMAG-BICRO Financial statements for 20/5 NOTES TO THE FINANCIAL STATEMENTS (continued) 3. FINANCIAL STATEMENTS (continued) D. BALANCE SHEET (continued) AOP 001 - Liabilities and the assets of the Croatian Agency for SMEs, Innovations and Investments comprises non-financial assets (AOP 002) amounting to HRK 31,809,739 and financial assets (AOP 063) amounting to HRK 236,543,496, which totals HRK 268,353,235. AOP 002 non-financial assets encompasses non-produced fixed assets (AOP 003) amounting to HRK 54,347 and produced fixed assets (AOP 007) amounting to HRK 31,755,392. Financial assets (AOP 063) comprise cash in bank and cash on hand (AOP 064) amounting to HRK 12,510,269; deposits in credit and financial institutions (AOP 073) amounting to HRK 1,327,002; receivables for given loans (AOP 081) amounting to HRK 210,868,205; shares and stakes in equity (AOP 128) amounting to HRK 12,000; receivables from operating revenues (AOP 140) amounting to HRK 10,546,360 and expenditures of future periods and accrued income (AOP 158) amounting to HRK 1,279,660 (wages for workers for December 2015 which are to be settled at the burden of the State Budget for 2016). AOP 162 comprise commitments and proprietary sources totalling HRK 268,353,235. AOP 163 liabilities amounting to HRK 23,251,517 comprise: - liabilities for operating expenditures (AOP 164) amounting to HRK 6,306,566 comprising liabilities for employees (AOP 165) amounting to HRK 1,218,046; liabilities for material expenditures (AOP 166) amounting to HRK 109,623; liabilities for subsidies (AOP 171) amounting to HRK 1,341,477 and other current liabilities (AOP 175) amounting to HRK 3,637,420. - Liabilities for procurement of non-financial assets (AOP 176) amounting to HRK 81,996. - Liabilities for loans and borrowings (AOP 193) amounting to HRK 16,604,062 and - Deferred payment of expenditures and revenues for future periods (AOP 221) amounting to HRK 258,893. AOP 224 Proprietary sources amount to IIRK 245,101,718 and relate to proprietary sources, other proprietary sources and operating results carried over from earlier years. AOP 245 relates to off-balance sheet records - assets amounting to HRK 2,905,948,616 with a largest proportion comprising received promissory notes amounting to HRK 1,375,412,337 and issued guarantees amounting to HRK 1,434,286,957. Recoverability of receivables per loans HAMAG-BICRO regularly updates the records of protested guarantees and continuously takes activities for the purpose of collecting the paid guarantees. For the purpose of collecting the disbursed guarantees, the following actions are taken: a) Written notice to the guarantee applicant in which the amount of funds disbursed per guarantee is stated and the date of the payment's execution is specified. It contains the demand for refund of the disbursed funds within 15 days as of the date of the written notice's delivery, with the specification of invoice and reference number for the payment of funds disbursed per guarantee; b) Initiation of the collection procedure by means of the guarantee applicant's promissory note; c) Initiation of the collection procedure guarantor's promissory note (if provided with the guarantee applicant's promissory note); d) Collection by means of the pledge (mortgage) on real estates and movables; e) Collection by means of participation in pre- bankruptcy settlement and bankruptcy procedures; f) Collection in compliance with the Regulation on criteria, standards and procedure for deferred payment, repayment in instalments and sale, write-off and partial write-off of receivables (Official Gazette - OG no. 94/14), and based on the received applications for deferred payment, repayment in instalments and sale, write-off and partial write-off of receivables. 33 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) FINANCIAL STATEMENTS (continued) D. BALANCE SHEET (continued) Recoverability of receivables per loans (continued) HAMAG-BICRO is the state budget beneficiary that keeps its business records in compliance with the budgetary regulations applicable in the Republic of Croatia and budgetary principles and budget accounting that are applied by budget and extra-budget beneficiaries of the state budget and budget and extra-budget beneficiaries of the local and regional self-government units budget. Budgetary regulations applicable in the Republic of Croatia that are applied in the preparation of financial statements for the year ended on 31 December 2015 were as follows: * Budget Act (OG 87/08, 136/12), * Act on Execution of the 2014 State Budget of the Republic of Croatia * Act on Financing of Units of Local and Regional Self-government (OG 117/93, 69/97, 33/00, 73/00, 127/00, 59/01, 107/01, 117/01, 150/02, 147/03, 132/06, 26/07, 73/08, 25/12, 147/14), * Regulation on budgetary accounting and budget accounting plan (OG 114/10, 31/11) * Fiscal Responsibility Act (OG 139/10, 19/14), * Regulation on the preparation and delivery of the Statement of Fiscal Responsibility and reports on fiscal rules application (OG 78/11, 106/12, 130/13) and * Regulation on criteria, standards and procedure for deferred payment, repayment in instalments and sale, write-off and partial write-off of receivables (OG 52/13, 94/14) In compliance with the stated regulations, any impairment or write-off of receivables at the same time results in the loss or increase of the state budget deficit, so in accordance with the regulations, HAMAG- BICRO cannot make independent decisions on write-off, partial write-off or sale of receivables, but it needs to seek the approval of the Minister of Finance for any impairment or write-off of receivables, as well as sale or deferred payment, and debt repayment in instalments. Furthermore, if the required write- off / impairment / sale or deferred payment exceeds the specified amount, the Government should grant such a write-off instead of the Minister of Finance's approval. The conditions and criteria of treatment in these cases are listed in the Regulation on criteria, standards and procedures for deferred payment, instalment payments and debt sales, write-off or partial write-off of receivables (OG 52/13, 94/14). In compliance with the stated Regulation, the Agency, as the competent body, may write off receivables to legal persons only in case of Article 27, when these are receivables that cannot be collected in the bankruptcy proceedings, and when the receivables exist on the basis of a legally valid decision on the bankruptcy proceedings conclusion against a legal person or in the liquidation procedure based on a legally valid decision on the legal person's deletion from the court register. In compliance with the above stated competences and within the scope of the given legal regulations, HAMAG-BICRO regularly makes the activities of receivables write-off and collection per activated guarantees. In the period from 01.01.1999 to 31 December 2015, the total of 407 requests for payments was received in the total amount of HRK 208,649 thousand, while the total of HRK 203,520 thousand was paid. The amounts of the written off interest receivables in 2015 were as follows: - Interest write-off of HRK 52 thousand related to subsidies for companies outside the public sector; - Interest write-off of HRK 740 thousand related to subsidies to farmers and artisans. 34 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) E. NOTES TO THE REPORT ON CHANGES TO THE VALUE AND SCOPE OF ASSETS AND LIABILITIES The P-VRIO report (AOP 018) on increased scope of assets comprises produced fixed assets amounting to HRK 30,521,530 (equivalent to the value of E 4,020,958) which in the business ledgers of HAMAG- BICRO is carried over by the Decision of the Ministry of Science, Education and Sport of 18/12/2015. The respective equipment is laboratory equipment, equipment for tracking processes and analysis, equipment for bioprocessing and downstream bioprocessing, laboratory furniture and IT equipment, and is housed at the Incubation Centre for Biosciences - BIOCentar in Zagreb, Borongajska cesta 83h. The amount reduced by HRK 709 relates to decommissioned assets. 4. STATEMENT OF DESIGNATED ACCOUNTS AND SUMMARY OF EXPENDITURES BY PROGRAMS in HRK Opening balance as at 1 January 2015 Add: Cumulative unexplained discrepancy Advance during the Quarter 7,092,132 MSES local component paid during the Quarter 1,896,511 Reimbursments from beneficiaries 483,374 9,472,017 Refund to IBRD (487,823) Present outstanding amount advanced to special account 8,984,195 Closing balance as at 31 December 2015 1,363,102 Amount of eligible expenditures paid during the current quarter 7,621,348 Service charges - Interest earned Net foreign exchange gains/(losses) - Total advances accounted for 8,984,450 Discrepency to be explained 255 The difference is attributable interest that will be refunded to state budget in the next period. Summary of expenditures by programs: in HRK Razum 2,121,145 PoC (Proof of Concept) 1,637,209 IRCRO 2,796,928 HAMAG-BICRO 363,692 UTT (Office for Technology Transfer) 702,374 7,621,348 35 HAMAG-BICRO Financial statements for 2015 NOTES TO THE FINANCIAL STATEMENTS (continued) 5. SUBSEQUENT EVENTS In May 2016 new Board memebers are elected: Vjeran Vrbanec as President of the Board (replacing Darko Liovid) and Marijana Oreb as member of the Board (replacing Goran Becker). President of the Board Vice-president of the Board Vjeran Vrbanec Boris Guina 36