Home Credit Slovakia, a.s.

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1 Condensed Interim Financial Statements for the nine month period 30 September 2014 (unaudited)

2 Condensed Interim Financial Statements for the nine month period 30 September 2014 Contents Condensed Interim Statement of Financial Position 3 Condensed Interim Statement of Comprehensive Income 4 Condensed Interim Statement of Changes in Equity 5 Condensed Interim Statement of Cash Flows

4 Condensed Interim Statement of Comprehensive Income for the nine month period 30 September 2014 Note Interest income 12 4,867 17,233 Interest expense 12 (670) (2,073) Net interest income 4,197 15,160 Fee and commission income 13 4,463 5,454 Fee and commission expense 14 (5,227) (7,857) Net fee and commission expense (764) (2,403) Other operating income 15 18,338 31,444 Operating income 21,771 44,201 Impairment losses 16 (1,587) (4,930) General administrative expenses 17 (13,852) (13,106) Operating expenses (15,439) (18,036) Profit before tax 6,332 26,165 Income tax expense 18 (1,362) (6,107) Net profit for the period 4,970 20,058 Total comprehensive income for the period 4,970 20,

5 Condensed Interim Statement of Changes in Equity for the nine month period 30 September 2014 Share capital Share premium Statutory reserve fund Retained earnings Total Balance as at 1 January ,821 3,982 3,758 25,416 51,977 Transfers (7) - Dividends to shareholders - (3,982) - (25,409) (29,391) Total 18,821-3,765-22,586 Net profit for the period ,970 4,970 Total comprehensive income for the period ,970 4,970 Total changes - (3,982) 7 (20,446) (24,421) Balance as at 30 September ,821-3,765 4,970 27,556 Share capital Share premium Statutory reserve fund Retained earnings Total Balance as at 1 January ,821 3,982 1,797 19,719 44,319 Transfers - - 1,961 (1,961) - Dividends to shareholders (17,758) (17,758) Total 18,821 3,982 3,758-26,561 Net profit for the period ,058 20,058 Total comprehensive income for the period ,058 20,058 Total changes - - 1, ,300 Balance as at 30 September ,821 3,982 3,758 20,058 46,

6 Condensed Interim Statement of Cash Flows for the nine month period 30 September 2014 Note Operating activities Profit before tax 6,332 26,165 Adjustments for: Impairment losses 16 1,587 4,930 Interest expense ,073 Depreciation and amortization Net gain on disposal of property, equipment and intangible assets (10) (5) Net operating cash flow before changes in working capital 8,869 33,405 Change in loans to customers 6,657 86,315 Change in other assets 7, Change in other liabilities 1,448 (730) Cash flows from the operations 24, ,553 Interest paid (651) (2,346) Income tax paid (7,124) (6,183) Cash flows from operating activities 16, ,024 Investing activities Proceeds from sale of property, equipment and intangible assets 10 8 Acquisition of property, equipment and intangible assets (576) (439) Cash flows used in investing activities (566) (431) Financing activities Dividends paid to shareholders (29,391) (17,758) Proceeds from due to banks and other financial institutions 190, ,353 Repayment of due to banks and other financial institutions (177,157) (520,429) Cash flows used in financing activities (16,018) (105,834) Net (decrease)/increase in cash and cash equivalents (264) 4,759 Cash and cash equivalents at 1 January 10,596 2,669 Cash and cash equivalents at 30 September 4 10,332 7,

7 for the nine month period 30 September Description of the Company Home Credit Slovakia, a.s. (the Company ) was incorporated and commenced trading in Registered office Home Credit Slovakia, a.s. Teplická 7434/ Piešťany Slovak Republic Shareholders Country of incorporation Ownership interest (%) Home Credit B.V. Netherlands The ultimate controlling entity is PPF Group N.V. registered in the Netherlands. Board of Directors Supervisory Board David Bystrzycki Chairman Pavel Vyhnálek Chairman Luděk Jírů Member Pavel Rozehnal Member Zdeněk Šperka Member Pavel Zemaník Member Principal activities The principal activity of the Company is the provision of consumer financing to private individual customers in the Slovak Republic. 2. Basis of preparation Statement of compliance The interim financial statements follow, in the context of measurement, all requirements of International Financial Reporting Standards (IFRS), including International Accounting Standards (IAS), promulgated by the International Accounting Standards Board (IASB) and interpretations issued by the International Financial Reporting Interpretations Committee of the IASB as adopted for use in the European Union. The disclosures in these interim financial statements have been presented in accordance with IAS 34 Interim Financial Reporting, and therefore should be interpreted in conjunction with the Company s financial statements for the year 31 December 2013, as these interim financial statements provide an update of previously reported financial information. 3. Significant accounting policies The significant accounting policies applied in the preparation of the interim financial statements are consistent with those used in the preparation of the Company s financial statements for the year 31 December

8 for the nine month period 30 September Cash and cash equivalents Cash in hand Current accounts 10,314 10,581 10,332 10, Loans to customers Gross amount Cash loan receivables 44,297 43,224 Revolving loan receivables 19,858 20,655 POS loan receivables 19,647 19,565 Car loan receivables 13,387 22,574 Loans to corporations 3,170 2, , ,621 Collective allowances for impairment Cash loan receivables (33,391) (33,542) Revolving loan receivables (16,720) (16,542) POS loan receivables (16,024) (15,481) Car loan receivables (8,113) (8,596) (74,248) (74,161) Specific allowances for impairment on loans to corporations (623) (728) (74,871) (74,889) 25,488 33, Intangible assets Acquisition cost Accumulated amortization (630) (513)

9 for the nine month period 30 September Property and equipment Acquisition cost 2,564 2,150 Accumulated depreciation (1,837) (1,722) Other assets Outstanding selling price for receivables 13,810 20,453 Prepaid expenses 10,160 10,901 Settlements with suppliers 1, Other ,091 32, Due to banks and other financial institutions Unsecured loans 26,022 14,503 Bank overdrafts 4,859 2,986 30,881 17,489 Unsecured loans Term loan facility of 21,500 Term loan facility of 10,000 Interest Final Amount outstanding rate maturity EURIBOR + margin October ,001 11,502 EURIBOR + margin July ,021 3,001 26,022 14,

10 for the nine month period 30 September Other liabilities Due to customers 6,426 6,096 Settlements with suppliers 3,471 3,171 Accrued employee compensation Other 3,116 2,156 13,451 12, Equity At 30 September 2014 the authorized share capital comprised 567 ordinary shares (31 December 2013: 567) with a nominal value of EUR 33,194 each. All issued shares have been fully paid and bear equal voting rights. The holders of shares are entitled to receive dividends when declared. In February 2014 the sole shareholder approved the distribution of retained earnings in the form of a dividend in the amount of EUR 31,746 per each share, totaling to 18,000. In June 2014 the sole shareholder approved the additional distribution of retained earnings and share premium in the form of a dividend in the amount of EUR 20,089 per each share, totaling to 11, Interest income and interest expense Interest income Cash loan receivables 1,695 1,950 Revolving loan receivables 1,184 4,981 Car loan receivables 1,111 8,649 POS loan receivables 678 1,526 Loans to corporations Due from banks and other financial institutions ,867 17,233 Interest expense Balances from banks and other financial institutions (670) (2,073) (670) (2,073)

11 for the nine month period 30 September Fee and commission income Customer payment processing and account maintenance 1,783 1,568 Penalty fees 1,512 2,105 Cash transactions Insurance commissions ,463 5, Fee and commission expense Commissions to retailers 3,681 6,127 Payment processing and account maintenance 1,058 1,121 Cash transactions ,227 7, Other operating income Gains on disposal of loan receivables 16,544 30,198 Fees for servicing receivables sold 1,794 1,193 Other ,338 31,

12 for the nine month period 30 September Impairment losses POS loan receivables 974 1,016 Revolving loan receivables 732 1,201 Cash loan receivables Car loan receivables (672) 1,964 Loans to corporations (104) 26 1,587 4, General administrative expenses Employee compensation 2,406 2,452 Payroll related taxes (including pension contributions) Telecommunication and postage 2,555 2,409 Information technologies 2,519 2,427 Advertising and marketing 2,457 1,590 Professional services 1,553 1,958 Occupancy Depreciation and amortization Travel expenses Other ,852 13, Income tax expense Corporate income tax for current year 875 6,022 Correction related to prior periods (148) (64) Current tax expense 727 5,958 Deferred tax expense Total income tax expense in the statement of comprehensive income 1,362 6,

13 for the nine month period 30 September Commitments The Company has outstanding commitments to extend credit. These commitments take the form of approved credit limits related to customer s revolving loan accounts, POS loan facilities, cash loan facilities and car loan facilities. Revolving loan commitments 172, ,684 Cash loan commitments 1,403 2,462 POS loan commitments 1, Car loan commitments , ,154 The total outstanding contractual commitments to extend credit indicated above do not necessarily represent future cash requirements, as many of these commitments will expire or terminate without being funded. 20. Operating leases Leases as lessee Non-cancellable operating lease rentals are payable as follows: Less than one year Between one and five years 879 1,108 1,214 1,387 The Company leases premises under operating leases. Lease payments are usually increased annually to reflect market rentals. None of the leases includes contingent rentals. During the nine month period 30 September (the nine month period 30 September 2013: 270) was recognized as an expense in the statement of comprehensive income in respect of operating leases

Home Credit a.s. Condensed Interim Financial Statements for the three month period ended 31 March (unaudited)

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