BALANCE SHEET Company name: Type of statement: consolidated/non-consolidated:

Balkancar ZARYA Plc non-consolidated

Bulstat

Reporting period:

01.01.2015 - 31.12.2015

РГ-05-380

814191256

( thousand BGN) 350

ASSETS А. NON-CURRENT ASSETS I. Property, plant and equipment 1. Land 2. Buildings 3. Machinery and equipment 4. Facilities 5. Vehicles 6. Office fittings 7. Assets under construction 8. Other Total property, plant and equipment II. Investment property III. Farm animals IV. Intangible assets 1. Rights of ownership 2. Software 3. R&D expenses 4. Other intangible assets Total intangible assets V. Goodwill 1. Positive goodwill 2. Negative goodwill Total goodwill VI. Financial assets 1. Share participations in: subsidiary companies joint ventures associated companies other companies 2. Long-term investment securities held to maturity treasury bonds bonds incl. municipality bonds other 3. Other financial assets Total long-term financial assets VII. Long-term trade and other receivables from: 1. Related parties 2. Trade loans 3. Financial lease receivables

Code

1-0011 1-0012 1-0013 1-0014 1-0015 1-0017-1 1-0018 1-0017 1-0010 1-0041 1-0016 1-0021 1-0022 1-0023 1-0024 1-0020

1-0051 1-0052 1-0050 1-0031 1-0032 1-0033 1-0034 1-0035 1-0042 1-0042-1 1-0042-2 1-0042-3 1-0042-4 1-0042-5 1-0040 1-0044 1-0045 1-0046-1

Current period

Previous period

278 681 68 322 23 4

1376

278 827 85 352 37 5 35

1-0411 1-0411-1 1-0411-2 1-0417 1-0417-1 1-0416 1-0410

Current period

Previous period

2404 2404

2404

2404

858 218 113

858 218 113

105 1076

105 1076

1-0451 1-0452 1-0453 1-0451-1 1-0454 1-0455 1-0450

-5960 109 -6069

-5986 83 -6069

669

26

-5291

-5960

TOTAL SHAREHOLDERS' EQUITY

1-0400

-1811

-2480

0 B. MINORITY SHAREHOLDINGS

1-0400-1

9058

9428

9058

9428

1619

164

131

164

0

0

3426 3426

3426 3426

3426

А. SHAREHOLDERS' EQUITY I. Share capital Issued and outstanding shares Ordinary shares Preferred shares Treasury ordinary shares Treasury preferred shares Unpaid capital Total share capital II. Reserves 1. Issue premiums 2. Revaluation reserve 3. Reserves incl.: general reserves special reserves other reserves Total reserves III. Retained earnings 1. Retained earnings from previous periods undistributed profit loss not covered one-time effect from changes in accounting policy 2. Current year profit 3. Current year loss Total retained earnings

Code

2404 2404

131

0

LIABILITIES

C. LONG-TERM LIABILITIES I. Long-term debt 1. Due to related parties 2.Due to financial institutions 3426 3. Due under ZUNK 4. Trade loans 5. Bonds 6. Other long-term liabilities Total long-term debt

1-0421 1-0422 1-0423 1-0424 1-0425 1-0426 1-0420

1-0511 1-0512 1-0512-1 1-0514 1-0515 1-0517 1-0510

4. Other long-term receivables Total long-term trade and other receivables VIII. Deferred expenses IX. Assets on deferred tax payments TOTAL NON-CURRENT ASSETS B. CURRENT ASSETS I. Inventory 1. Materials 2. Finished goods 3. Goods for resale 4. Work in progress 5. Farm animals 6. Other materials Total inventory II. Receivables 1. Related parties receivables 2. Trade accounts receivables 3. Advance payments 4. Trade loans 5. Court receivables 6. Recoverable taxes 7. Personnel receivables 8. Other receivables Total receivables

1-0046 1-0040-1 1-0060 1-0060-1 1-0100

0

0 II. Other long-term liabilities

294 5227

III. Deferred revenues IV. Liabilities on deferred taxes 334 V. Financing 5543 TOTAL LONG-TERM LIABILITIES

564 128 0 629

700 I. Trade and other payables 88 1. Short-term borrowings 0 2. Short-term part of long-term loans 556 3. Short-term payables

IV. Cash and cash equivalents 1. Cash 2. Cash in banks 3. Restricted cash 4. Cash equivalents Total cash and cash equivalents V. Deferred expenses TOTAL CURRENT ASSETS TOTAL ASSETS

Date:19.02.2016

1-0500

9058

9428

1-0612 1-0510-2

734

1-0630

2825 91 0 2433

707 38 2920 46 0 2605

113 69 119 66

91 57 121 167

3625

3832

1-0750

3625

3832

1-0800

10872

10780

D. SHORT-TERM LIABILITIES 1-0071 1-0072 1-0073 1-0076 1-0074 1-0077 1-0070

1-0081 1-0082 1-0086-1 1-0083 1-0084 1-0085 1-0086-2 1-0086 1-0080

related parties payables trade loans trade accounts payables advance payments salaries payable social security payable tax payable 4. Other 5. Provisions Total trade and other payables

1-0611 1-0614 1-0613 1-0613-1 1-0615 1-0616 1-0617 1-0618 1-0619 1-0610

1049 II. Other short-term liabilities 3670 III. Deferred revenues

1-0610-1 1-0700 1-0700-1

1321

1344

369 609

286 433

1866

1865

45

37

1184 4073

IV. Financing III.Financial assets 1. Financial assets held for trading bonds derivatives other 2. Financial assets declared for sale 3. Other current financial assets Total current financial assets

1-0510-1 1-0520 1-0516 1-0520-1

1-0093 1-0093-1 1-0093-2 1-0093-3 1-0093-4 1-0095 1-0090

0

0

0

1-0151 1-0153 1-0155 1-0157 1-0150 1-0160

245 6

200 23

251

223

1-0200 1-0300

5645 10872

0 TOTAL SHORT-TERM LIABILITIES

5237 10780 TOTAL LIABILITIES

Accountant: Mariana Patova Manager: Dimitar Ivantchoff

INCOME STATEMENT Company name:

Balkancar ZARYA Plc

Type of statement: consolidated/non-consolidated:

non-consolidated

Reporting period:

01.01.2015 - 31.12.2015

Code

EXPENSES А. Expenditures I. Operating expenses 1. Materials 2. External services 3. Depreciation 4. Salaries 5. Social security 6. Net book value of assets sold (finished goods excluded)

Current period

Previous period

2-1120 2-1130 2-1160 2-1140 2-1150 2-1010

3456 552 276 1473 240 2

7. Assets under construction and write off of assets

2-1030

-112

8. Other expenses incl. impairment of assets incl. provisions

65 8

Total operating expenses:

2-1170 2-1171 2-1172 2-1100

1. Interest expenses 2. Losses from operations with financial assets and instruments 3. Losses from foreign exchange operations 4. Other financial expenses Total financial expenses:

2-1210 2-1220 2-1230 2-1240 2-1200

693

B. Total operating expenses

2-1300

6,678

2-1310

709

5,952

II. Financial expenses

C. Profit/(loss) from operations III. Share in the profit of associated and joint companies

2-1250-1

IV. Extraordinary costs D. Total expenses E. Profit before tax V. Tax expense 1.Corporate profit tax 2. Expenses/(gains) on deferred corporate taxes 3. Other taxes F. Profit after taxes incl. from minotiry shareholding G. Net profit Total

2-1250 2-1350 2-1400 2-1450 2-1451 2-1452 2-1453 2-0454 2-0454-1 2-0454-2 2-1500

Date: 19.02.2016

17 16 726

6,678 709 40 40 669 669 7,387

REVENUES

2989 578 278 1349 225 2

А. Revenues I. Net revenues from the sale of: 1. Finished goods 2. Goods for sale 3. Services 4. Other Total net revenues from sale

35 II. Revenues from financing for fixed assets 79 incl. government grants 21 III. Financial income 5,535 1. Interest revenue 2. Divident income 3. Gains from operations with financial assets and instruments 768 4. Gains from foreign exchange operations 5. Other financial income 20 Total financial income 21 809 6,344

B. Total revenues before extraordinary activities

10 C. Operating loss IV. Share in the loss of associated and joint companies V. Extraordinary revenues 6,344 D. Total revenues 10 E. Loss before taxes -16

814191256

Bulstat

(thousand BGN)

РГ-05-380

Code

2-1551 2-1552 2-1560 2-1556 2-1610

Current period

Previous period

7026

5984

158 178 7362

70 280 6334

25

20

2-1730 2-1740 2-1745 2-1700

25

20

2-1600

7387

6354

2-1810

0

0

7,387 0

6,354 0

0

0

0 7,387

0 6,354

2-1620 2-1621

2-1710 2-1721

2-1810-1 2-1750 2-1800 2-1850

-16 26 F. Loss after taxes incl. from minority shareholdings 26 G. Net loss 6,354 Total

Accountant: Mariana Patova Manager:Dimitar Ivantchoff

2-0455 2-0455-1 2-0455-2 2-1900

CASH FLOW STATEMENT - DIRECT METHOD Company name: Type of statement: consolidated/non-consolidated

"BALKANCAR ZARYA" Plc non-consolidated

Reporting period:

01.01.2015-31.12.2015 CASH FLOW

А. Cash flow from operating activities 1. Cash receipts from customers 2. Cash paid to suppliers 3. Payments/income related to financial assets 4. Cash paid to employees and social security 5. Paid/refunded taxes except corporate tax/ 6. Corporate tax paid 7. Interest received 8. Interest and bank charges paid on short-term loans 9. Foreign currency exchange gains/losses net 10. Other proceeds/payments from operational activity Net cash flow from operational activities (A): B. Cash flow from investing activity 1. Purchase of fixed assets 2. Sale of fixed assets 3. Loans granted 4. Proceeds from loans 5. Interest received on granted loans 6. Purchase of investments 7. Sale of investments 8. Dividents received 9. Foreign currency exchange gains/losses net 10. Other proceeds/payments from investing activity Net cash flow from investing activities (B): C. Cash flow from financing activities 1. Proceeds on securities issued 2. Payments on securities buy-back 3. Proceeds on loans 4. Payments of loans 5. Payments on leasing contracts 6. Paid interest, charges and commissions on investment loans 7 . Dividents paid 8. Other proceeds/payments on financing activities Net cash flow from financing activities (C): D. Net decrease/increase in cash and cash equivalents (A+B+C) : E. Cash and cash equivalents as of the beginning of the period F. Cash and cash equivqlents as of the end of the period cash and bank deposits restricted cash

Date: 19.02.2016

Code

3-2201 3-2201-1 3-2202 3-2203 3-2206 3-2206-1 3-2204 3-2204-1 3-2205 3-2208 3-2200 3-2301 3-2301-1 3-2302 3-2302-1 3-2302-2 3-2302-3 3-2302-4 3-2303 3-2305 3-2306 3-2300 3-2401 3-2401-1 3-2403 3-2403-1 3-2405 3-2404 3-2404-1 3-2407 3-2400 3-2500 3-2600 3-2700 3-2700-1 3-2700-2

Bulstat

814191256

РГ-05-380 (thousand BGN)

Current period

Previous period

6543 -3924

6264 -4019

-1180 8

-1134 10

-40 -17 -118 1,272

-57 -18 -1 1,045 -59

-151 89

-130

-62

-189

4977 -5354

4156 -4203

-789

-1153

-16 -1,182 28 223 251 251

-11 -1,211 -355 578 223 223

Accountant:Mariana Patova Manager:Dimitar Ivantchoff

CHANGES IN SHAREHOLDERS' EQUITY STATEMENT Company name:

Balkancar ZARYA Plc

Type of statement: consolidated/non-consolidated Reporting period:

non-consolidated 01.01.2015 - 31.12.2015

Bulstat РГ-05-380

(thousand BGN) Reserves

INDEXES

Code

а Code Balance-beginning of reporting period Changes in initial balances due to: Effect from changes in accounting policy Fundamental mistakes Corrected balance - beginning of reporting period Net profit/loss 1. Distributed profit for: dividends other 2. Loss coverage

4-01 4-15 4-15-1 4-15-2 4-01-1 4-05 4-06 4-07 4-07-1 4-08

3. Revaluation of non-current tangible and intangible assets, incl.:

4-09

increase decrease

4-10 4-11

4. Revaluation of financial assets and instruments, incl.:

4-12

increase decrease 5. Deferred tax effect 6. Other changes Balance - end of reporting period 7. Changes from transfers of annual financial reports of companies abroad 8. Changes from revaluation of financial reports in case of hyper inflation Shareholders' equity - as of end of reporting period

Date: 19.02.2016

4-13 4-14 4-16-1 4-16 4-17

Share capital

Issue premiums

1 1-0410 2,404

814191256

2 1-0410

Revaluation reserve

Retained earnings

Reserves including:

profit

Reserve from transfers

loss

general

special

other

4 1-0424 113

5 1-0425

7 1-0452 109

8 1-0453 -6,069

0

3 1-0422 858

0

6 1-0426 105

9 4-0426-1

0

0

0

0

0

0

0

0

0

2,404

0

858

113

0

105

0

0

0

0

0

-6,069 0 0

0

0

109 669 0

0

0

0

0

0

0

0

0

0

Total shareholders' equity

Minority shareholdings

10 1-0400 -2480

0

0

0 0 0 -2480 669 0 0 0 0

0

0

0

0 0

0 0 0

2,404

0

0

0

858

0

113

0

0

0

105

0

778

0

-6,069

0

0

0

0

0 0 0 0 -1811

0

4-18

0

4-19

0

4-20

11 1-0400-1

2,404

0

Accountant: Mariana Patova Manager: Dimitar Ivantchoff

858

113

0

105

778

-6,069

0

-1811

0