english version annual report IMOS Brno, a.s. 2012

annual report 2012

annual report IMOS Brno, a.s. 2012 english version

Contents Basic Data about the Company and its Bodies...3 Human Resources, Turnover, Organisational Structure...4 Balance sheet...5 Profit and Loss Statement...7 Cash flow Statement...8 Notes to the Financial Statement...9 Auditor s Report...13 2 annual report 2012

Basic Data about the Company and its Bodies Name: IMOS Brno, a.s. Head office: Olomoucká 174, 627 00 Brno Incorporated by: Commercial Register kept by the Regional Court in Brno, section B, file 2211 Date of incorporation: 1.1.1997 ID no.: 25322257 Tax ID no.: CZ25322257 Tel.: +420 548 129 111, 532 173 111 Fax: +420 548 129 390, 532 173 390 Legal form: Joint-stock company Statutory body: Board of Directors Registered capital: 205,000,000 CZK Shareholder holding more than 20% of shares: IMOS holding, a.s. Stock: 204 registered shares in the par value of 1,000,000 CZK each 2 registered shares in the par value of 500,000 CZK each BOARD OF DIRECTORS OF THE COMPANY Ing. Oldřich Štercl Chairman of the Board and Managing Director Ing. Jan Sniegon Vice Chairman of the Board and Ostrava Branch Director Ing. Milan Karásek Member of the Board and Civil Engineering Brno Branch Director Ing. Robert Suchánek Member of the Board and Water Management Structures and Road Construction Brno Branch Director SUPERVISORY BOARD Ing. Jiří Rulíšek Chairman of the Supervisory Board Ing. Ivan Sigmund Member of the Supervisory Board Ing. Radomír Vostal Member of the Supervisory Board Company Profile and Integrated Quality Management System A) Civil engineering industrial plants shopping malls civil facilities B) Water management structures Sewerage systems, waste water treatment plants, water ducts and water course management structures Complete networks of technical infrastructure, landscaping, extensive earthworks C) Road construction Motorways, expressways, roads, bridges and engineering structures D) Road development and accredited testing laboratory annual report 2012 3

Human Resources, Turnover The company has always paid great attention to the selection of its employees. We strive to get top quality professionals and support them in improving their specialist skills in order to satisfy investors needs. This is also demonstrated by the ever growing number of authorised engineers and technicians working for the company at the moment there are 45 of them. The table below shows the average headcount in previous years. The other table shows the company s turnover in the last decade. Overview of average annual headcount in total 1000 800 600 400 200 755 793 907 905 854 809 783 764 702 668 655 rok 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Turnover (billions CZK) rok 7 6 5 4 3 2 1 2.453831 3.099538 5.243517 5.156458 7.233946 6.675328 6.937591 5.810510 4.200000 5.503026 6.085996 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Organisational Chart IMOS Brno, a.s. Board of Directors Managing Director Slovakia Branch Legal Services (external) Brno Branch Civil Engineering Business Department Road Development Division Property Management Department Technical Department Brno Ostrava Branch Brno Branch Water Management and Road Structures Department of Technical Services of Production Finance and Administration Department 4 annual report 2012

Balance sheet Reference Assets Row Current accounting period Previous period a b c Gross 1 Adjustment 2 TOTAL ASSETS (r. 02 + 03 + 31 + 63) 001 4 825 818 339 081 4 486 737 3 911 120 A. Receivables from subscriptions 002 0 0 0 0 B. Fixed assets (r. 04 + 13 + 23) 003 533 472 327 119 206 353 200 360 B. I. Intangible fixed assets (r. 05 to 12) 004 9 448 8 105 1 343 910 B. I. 1. Incorporation expenses 005 0 0 0 0 B. I. 2. Research and development 006 0 0 0 0 B. I. 3. Software 007 9 448 8 105 1 343 611 B. I. 4. Valuable rights 008 0 0 0 0 B. I. 5. Goodwill 009 0 0 0 0 B. I. 6. Other intangible fixed assets 010 0 0 0 0 B. I. 7. Intangible fixed assets under construction 011 0 0 0 299 B. I. 8. Advance payments for intangible fixed assets 012 0 0 0 0 B. II. Tangible fixed assets (r.14 to 22) 013 509 024 319 014 190 010 184 450 B. II. 1. Lands 014 58 976 0 58 976 57 624 B. II. 2. Constructions 015 93 667 6 758 86 909 81 768 B. II. 3. Equipment 016 164 626 121 690 42 936 37 231 B. II. 4. Perennial crops 017 0 0 0 0 B. II. 5. Breeding and draught animals 018 0 0 0 0 B. II. 6. Other tangible fixed assets 019 396 0 396 396 B. II. 7. Tangible fixed assets in progress 020 793 0 793 724 B. II. 8. Advance payments for tangible fixed assets 021 0 0 0 0 B. II. 9. Adjustment to acquired assets 022 190 566 190 566 0 6 707 B. III. Long-term financial assets (r. 24 to 30) 023 15 000 0 15 000 15 000 B. III. 1. Shares in controlled and managed organizations 024 15 000 0 15 000 15 000 B. III. 2. Shares in accounting units with substantial influence 025 0 0 0 0 B. III. 3. Other securities and shares 026 0 0 0 0 B. III. 4. Loans to controlled and managed organizations and to accounting 027 0 0 0 0 unit with substantial influence B. III. 5. Other financial investments 028 0 0 0 0 B. III. 6. Financial investments acquired 029 0 0 0 0 B. III. 7. Advance payments for long-term financial assets 030 0 0 0 0 C. Current assets (r. 32 + 39 + 48 + 58) 031 4 247 622 11 962 4 235 660 3 685 109 C. I. Inventory (r.33 to 38) 032 187 411 0 187 411 76 369 C. I. 1. Materials 033 20 065 0 20 065 16 164 C. I. 2. Work in progress and semi-products 034 167 346 0 167 346 60 205 C. I. 3. Finished goods and products 035 0 0 0 0 C. I. 4. Young and other animals and their groups 036 0 0 0 0 C. I. 5. Merchandise 037 0 0 0 0 C. I. 6. Advance payments for inventory 038 0 0 0 0 C. II. Long-term receivables (r. 40 to 47) 039 340 238 0 340 238 282 671 C. II. 1. Trade receivables 040 196 418 0 196 418 133 751 C. II. 2. Receivables from controlled and managed organizations 041 0 0 0 0 C. II. 3. Receivables from accounting units with substantial influence 042 0 0 0 0 C. II. 4. Receivables from partners, cooperative members 043 0 0 0 0 and association members C. II. 5. Long-term deposits given 044 0 0 0 0 C. II. 6. Estimated receivable 045 0 0 0 0 C. II. 7. Other receivables 046 143 820 0 143 820 148 920 C. II. 8. Deferred tax receivable 047 0 0 0 0 C. III. Short-term receivables (r. 49 to 57) 048 2 182 887 11 962 2 170 925 1 910 381 C. III. 1. Trade receivables 049 1 852 083 11 942 1 840 121 1 660 983 C. III. 2. Receivables from controlled and managed organizations 050 0 0 0 0 C. III. 3. Receivables from accounting units with substantial influence 051 0 0 0 0 C. III. 4. Receivables from partners, cooperative members 052 22 218 0 22 218 17 175 and association members C. III. 5. Receivables from social security and health insurance 053 0 0 0 0 C. III. 6. Due from state tax receivable 054 25 490 0 25 490 39 519 C. III. 7. Short-term deposits given 055 58 272 0 58 272 35 732 C. III. 8. Estimated receivable 056 86 297 0 86 297 30 014 C. III. 9. Other receivables 057 138 527 0 138 527 126 958 C. IV. Short-term financial assets (r. 59 to 62) 058 1 537 086 0 1 537 086 1 415 688 C. IV. 1. Cash 059 1 641 0 1 641 1 674 C. IV. 2. Bank accounts 060 1 535 445 0 1 535 445 1 414 014 C. IV. 3. Short-term securities and ownership interests 061 0 0 0 0 C. IV. 4. Short-term financial assets acquired 062 0 0 0 0 D. I. Accruals (r. 64 to 66) 063 44 724 0 44 724 25 651 D. I. 1. Deferred expenses 064 7 959 0 7 959 6 077 D. I. 2. Complex deferred costs 065 0 0 0 0 D. I. 3. Deferred income 066 36 765 0 36 765 19 574 Net 3 Net 4 annual report 2012 5

Balance sheet Reference Liabilities Row Current accounting period Previous accounting period a b c 5 6 TOTAL LIABILITIES (r. 68 + 86 + 121) 067 4 486 737 3 911 120 A. Equity (r. 69 + 73 + 80 + 83 + 87) 068 904 834 806 905 A. I. Registered capital (r. 70 to 72 ) 069 205 000 205 000 A. I. 1. Registered capital 070 205 000 205 000 A. I. 2. Company's own shares and ownership interests (-) 071 0 0 A. I. 3. Changes of registered capital (+/-) 072 0 0 A. II. Capital funds (r. 74 to 78) 073 27 150 27 150 A. II. 1. Share premium 074 0 0 A. II. 2. Other capital funds 075 27 150 27 150 A. II. 3. Differences from revaluation of assets and liabilities (+/-) 076 0 0 A. II. 4. Differences from revaluation in transformation (+/-) 077 0 0 A. II. 5. Differences from company transformations 078 0 0 A. II. 6. Differences from valuation of company transformations 079 0 0 A. III. Reserve funds, indivisible fund and other profit-based funds (r. 81 + 82) 080 41 000 41 000 A. III. 1. Legal reserve fund / indivisible fund 081 41 000 41 000 A. III. 2. Statutory and other funds 082 0 0 A. IV. Profit / loss previous year(r. 84 + 85) 083 378 755 331 981 A. IV. 1. Retained earnings from previous years 084 378 755 331 981 A. IV. 2. Accumulated losses from previous years 085 0 0 A. IV. 3. Other profit/loss from previous years 086 0 0 A. V. Profit / loss current accounting period (+/-) 087 252 929 201 774 B. Other sources (r. 89 + 94 + 105 + 117) 088 3 576 898 3 100 000 B. I. Reserves (r. 90 to 93) 089 9 300 6 000 B. I. 1. Reserves under special statutory regulations 090 0 0 B. I. 2. Reserves for pension and similar payables 091 0 0 B. I. 3. Income tax reserves 092 0 0 B. I. 4. Other reserves 093 9 300 6 000 B. II. Long-term payables (r. 95 to 104) 094 477 896 426 985 B. II. 1. Trade payables 095 475 150 424 066 B. II. 2. Payables to controlled and managed organizations 096 0 0 B. II. 3. Payables to accounting units with substantial influence 097 0 0 B. II. 4. Payables from partners, cooperative members and association members 098 0 0 B. II. 5. Long-term advances received 099 0 0 B. II. 6. Issues bonds 100 0 0 B. II. 7. Long-term notes payables 101 0 0 B. II. 8. Estimated payables 102 0 0 B. II. 9. Other payables 103 0 0 B. II. 10. Deferred tax liability 104 2 746 2 919 B. III. Short-term payables (r. 106 to 116) 105 3 089 702 2 667 015 B. III. 1. Trade payables 106 1 235 453 1 118 184 B. III. 2. Payables to controlled and managed organizations 107 0 0 B. III. 3. Payables to accounting units with substantial influence 108 0 0 B. III. 4. Payables from partners, cooperative members and association members 109 362 608 302 784 B. III. 5. Payroll 110 16 749 16 193 B. III. 6. Payables to social security and health insurance 111 8 848 8 336 B. III. 7. Due from state tax liabilities and subsidies 112 18 567 31 420 B. III. 8. Short-term deposits received 113 73 035 4 691 B. III. 9. Issues bonds 114 0 0 B. III. 10. Estimated payables 115 1 370 410 1 178 194 B. III. 11. Other payables 116 4 032 7 213 B. IV. Bank loans and financial accommodations (r. 118 to 120) 117 0 0 B. IV. 1. Long-term bank loans 118 0 0 B. IV. 2. Short-term bank loans 119 0 0 B. IV. 3. Short-term accommodations 120 0 0 C. I. Accruals (r. 122 + 123) 121 5 005 4 215 C. I. 1. Accrued expenses 122 564 423 C. I. 2. Deferred revenues 123 4 441 3 792 6 annual report 2012

Profit and loss statement Reference Text Row Accounting period a b c Current period 1 Previous period 2 I. Revenues from sold goods 01 0 0 A. Expenses on sold goods 02 0 0 + Sale margin (r. 01-02) 03 0 0 II. Production (r. 05 to 07) 04 5 989 377 5 404 331 II. 1. Revenues from own products and services 05 5 884 471 5 437 543 II. 2. Change in inventory of own products 06 95 389-40 613 II. 3. Capitalisation 07 9 517 7 401 B. Production consumption (r. 09+10) 08 5 146 639 4 631 990 B. 1. Consumption of material and energy 09 402 114 369 610 B. 2. Services 10 4 744 525 4 262 380 + Added value (r. 03+04-08) 11 842 738 772 341 C. Personnel expenses (r. 13 16) 12 510 264 491 666 C. 1. Wages and salaries 13 410 922 391 345 C. 2. Remuneration of board members and association members 14 0 0 C. 3. Social security expenses and health insurance 15 97 637 98 541 C. 4. Other social expenses 16 1 705 1 780 D. Taxes and fees 17 7 001 3 844 E. Depreciations of intangible and tangible assets 18 18 072 17 083 III. Revenues from disposals of fixed assets and materials (r. 20+21) 19 29 243 20 736 III. 1. Revenues from disposals of fixed assets 20 237 793 III. 2. Revenues from disposals of materials 21 29 006 19 943 F. Net book value of disposed fixed assets and materials (r. 23+24) 22 24 247 12 023 F. 1. Net book value of sold fixed assets 23 0 0 F. 2. Net book value of sold material 24 24 247 12 023 G. Change in operating reserves and adjustments and complex deferred costs 25 14 220-13 342 IV. Other operating revenues 26 41 309 38 249 H. Other operating expenses 27 20 270 60 919 V. Transfer of operating revenues 28 0 0 I. Transfer of operating expenses 29 0 0 * Operating profit / loss /(r.11-12-17-18+19-22-25+26-27+(-28)-(-29)/ 30 319 216 259 133 VI. Revenues from sales of securities and ownership interests 31 0 0 J. Sold securities and ownership interests 32 0 0 VII. Revenues from long-term financial assets (r. 34-36) 33 0 0 VII. 1. Revenues from shares in controlled and managed organizations and in accounting units 34 0 0 with substantial influence VII. 2. Revenues from others securities and ownership interests 35 0 0 VII. 3. Revenues from other long-term financial assets 36 0 0 VIII. Revenues from short-term financial assets 37 0 0 K. Expenses associated with financial assets 38 0 0 IX. Revenues from revaluation of securities and derivatives 39 0 0 L. Cost of revaluation of securities and derivatives 40 0 0 M. Change in financial reserves and adjustments 41 0 0 X. Interest revenues 42 14 577 14 851 N. Interest expenses 43 5 563 3 839 XI. Other financial revenues 44 11 491 24 858 O. Other financial expenses 45 31 298 44 076 XII. Transfer of financial revenues 46 0 0 P. Transfer of financial expenses 47 0 0 * Profit / loss from financial operations (transactions) 48-10 793-8 206 /(r31-32+33+37-38+39-40-41+42-43+44-45-(-46)+(-47))/ Q. Income tax on ordinary income (r. 50 + 51) 49 55 494 49 153 Q. 1. Due tax 50 55 667 49 328 Q. 2. Tax deferred 51-173 -175 ** Operating profit / loss on ordinary activity (r. 30 + 48-49) 52 252 929 201 774 XIII. Extraordinary revenues 53 0 0 R. Extraordinary expenses 54 0 0 S. Income tax on extraordinary income (r. 56 + 57) 55 0 0 S. 1. Due tax 56 0 0 S. 2. Tax deferred 57 0 0 * Operating profit / loss extraordinary activity (r. 53-54 -55) 58 0 0 T. Transfer profit ( loss ) to partners (+/-) 59 0 0 *** Profit / loss of current accounting period (+/-) (r. 52 + 58-59) 60 252 929 201 774 **** Profit / loss before tax (+/-) (r. 30 + 48 + 53-54) 61 308 423 250 927 annual report 2012 7

Cash flow statement Item Text Current accounting period P. Balance of cash on hand and financial equivalents as at the beginning of reporting period 1 415 688 CASH FLOWS FROM MAIN ACTIVITIES (operating activities) Z. Accounting profit/loss from running activities before taxation 308 423 A. 1. Adjustments by non-cash operations 26 341 A. 1. 1. Depreciation of fixed assets and amortization of adjustments to acquired assets 24 778 A. 1. 2. Change in balance of adjustments and reserves 10 814 A. 1. 3. Profit from sales of fixed assets -237 A. 1. 4. Revenue from dividends and shares in profit 0 A. 1. 5. Accounted for interest expense, exclusive of interest capitalization and accounted for credit interest -9 014 A. 1. 6. Possible adjustments by other non-cash operations 0 A. * Net cash flow from running activities before taxation, changes in working capital 334 764 and unusual/extraordinary items A. 2. Change in non-cash items of working capital -32 263 A. 2. 1. Change in balance of receivables from running activities, temporary assets accounts -344 698 A. 2. 2. Change in balance of short-term payables from running activities, temporary liability accounts 423 477 A. 2. 3. Change in balance of inventory -111 042 A. 2. 4. Change in balance of current liquid assets not included in cash or equivalents 0 A. ** Net cash flow from running activities before taxation and unusual/extraordinary items 302 501 A. 3. Interests paid exclusive of interest capitalization -5 563 A. 4. Interests received 14 577 A. 5. Income tax for running activities and additional tax assessments for previous periods -55 667 A. 6. Income and expense on unusual and/or extraordinary items, including income tax 173 A. 7. Received dividends and shares in profit 0 A. *** Net cash flow from running activities 256 021 CASH FLOWS FROM INVESTING ACTIVITIES B. 1. Expense on fixed assets acquisition -30 771 B. 2. Income from fixed assets sales 237 B. 3. Loans to related parties 0 B. *** Net cash flow from investing activities -30 534 CASH FLOWS FROM FINANCING ACTIVITIES C. 1. Change in balance of long-term or short-term payables 50 911 C. 2. Impact of changes in equity on cash on hand and financial equivalents --155 000 C. 2. 1. Increase in cash on hand as a result of increased registered capital, share premium etc. 0 C. 2. 2. Payment of share in equity to partners 0 C. 2. 3. Other contributions of cash by partners and shareholders 0 C. 2. 4. Loss coverage by partners 0 C. 2. 5. Direct debit fund payments 0 C. 2. 6. Dividends paid or shares in profit, including taxes paid -155 000 C. *** Net cash flow from financing activities -104 089 F. Net increase/decrease in cash on hand 121 398 R. Balance of cash on hand and financial equivalents as at the end of reporting period 1 537 086 8 annual report 2012

Notes to the financial statement (fiscal year 2012) 1. GENERAL DATA Accounting unit description Registration date in the Commercial Register: 01/01/1997 Business name: IMOS Brno, a.s. Head office: Olomoucká 174, 627 00 Brno Identification number: 25322257 Regional Commercial Court in Brno, section B, insert 2211 Main business objective: Performing constructions, including their modifications, maintenance work and removal Joint stock company Joint stock company Shareholders whose stakes exceeds 20%: IMOS holding, a.s., company registration No. 25866681 Olomoucká 174, 627 00 Brno Registered capital: 30,000,000 CZK Registered capital share: 100% More than 20 % share in the registered capital in other companies: IMOS Invest I, spol. s r.o., company registration No. 28279174 Olomoucká 174, 627 00 Brno Registered capital: 15,000,000 CZK Registered capital share: 100% In 2004, the Company IMOS Brno, a.s. established an organizational branch with the head office in Slovakia: IMOS Brno, a.s. Organisational Branch of the Company Májová 1319, 02201 Čadca, SK Company registration No.: 37848437, VAT No.: SK2021783940 Statutory bodies: Chairman of the Board of Directors: Ing. Oldřich Štercl Hájek 882/4, Klobouky u Brna Vice Chairman of the Board of Directors: Ing. Jan Sniegon Lyžbická 1191, Třinec Member of the Board of Directors: Ing. Milan Karásek Ostružinová 498/3, Brno Ing. Robert Suchánek Tvaroženská 109, Jiříkovice Supervisory Board Chairman: Ing. Jiří Rulíšek Velká Morava 45, Dolní Morava Members: Ing. Ivan Sigmund Pod Skalkou 10, Nový Jičín Ing. Radomír Vostal Kuršova 3, Brno Average number of employees during the accounting period: 655 Management: 14 Labour costs recapitulation (in T CZK): of which Employees Members of Executive Management Bodies Labour costs 410 922 57 017 90 122 Health insurance and social security costs 97 637 4 988 2 315 Several of the executives of individual sections, divisions and departments are entitled to use company cars, which is, in compliance with Section 6 of Act No. 586/1992 Coll., as amended, considered as part of employee s income. Until now, the members of the statutory or any other supervisory bodies have not been granted any loan by the Company. annual report 2012 9

2. INFORMATION CONCERNING THE ACCOUNTING PROCEDURES APPLIED, GENERAL ACCOUNTING PRINCIPLES AND METHODS OF VALUATION 2.1. The mode of inventory valuation corresponds to purchase prices. Additional acquisition costs of merchandise are concentrated in separate analytical accounts. These expenses are discharged in costs on a monthly basis proportionately to the amount of the material consumed. It is FIFO that has been applied as a mode of keeping stock records. Activated long-term tangible assets are valued on the level of real costs. 2.2. The mode of replacement purchase price determination of assets is based on the arithmetic mean of prices taken from expert opinions usually carried out with the help of three different methods of replacement price determination. In this accounting period, no such assets have been acquired. 2.3. Other accessory acquisition costs represent customs duties, additional charges, intermediary fees, carriage charges, etc. 2.4. Fiscally effective adjusting items have been set up in accordance with the law, their total sum reaching 1 112 T CZK. Furthermore, a non-fiscal adjusting item in the amount of 6 402 T CZK has been created. See the Off Balance Sheet for further details. 2.5. Accounting depreciations are carried out using a uniform depreciation method. The beginning of accounting depreciation takes place in the month following the filing. Individual accounting groups are depreciated as follows: 1. Tax group 1 3 years 2. Tax group 2 5 years 3. Tax group 3 10 years 4. Tax group 4 20 years 5. Tax group 5 30 years 6. Tax group 6 50 years The second and third tax groups are depreciated in an accelerated or uniform way, if possible, depending on the assets type. The first, fourth, fifth and sixth tax groups are depreciated in a uniform way. As far as the deposited assets are concerned, the original depreciation method has been used further on. 2.6. For the conversion of foreign currencies, a valid CNB rate is used on the date of performing the accounting operation. The record keeping of foreign invoices is performed on the day when the invoice was issued. The payment is considered to be the date when the sum was debited. 3. ADDITIONAL INFORMATION REGARDING THE BALANCE SHEET AND THE PROFIT AND LOSS STATEMENT 3.1. Tangible and intangible fixed assets excluding receivables 3.1.a. Long-term assets depreciated in accordance with the groups on 31 March 2013 Account 022 Account 082 T CZK T CZK Group 3 Machinery 5 511 2 699 Group 4 Appliances 44 964 37 335 Group 5 Equipment 31 449 29 516 Group 6 Means of transport 67 291 36 760 Group 7 Inventory 909 909 150 124 107 189 Small long-term assets (acquisition costs less than 40,000 CZK) acquired before 2002 14 502 14 502 146 626 121 691 Software Account 013 Account 073 T CZK T CZK Status as per 1 April 2012 8 336 7 725 Status as per 31 March 2013 9 297 7 954 Small long-term assets (acquisition costs less than 60,000 CZK) acquired before 2002 151 151 9 448 8 105 3.1.b. Tangible long-term assets acquired through financial leasing The total amount of leasing instalments due: 0 10 annual report 2012

3.1.c. Increments and decrements of fixed and intangible assets for the fiscal year 2012 (except for small fixed assets and small intangible assets) in T CZK Account Initial status Increment Decrement Final status 013/10 8 336 1 035 74 9 297 021/10 86 293 7 374 0 93 667 022/10 131 538 21 240 2 653 150 125 031/10 57 624 1 352 0 58 976 032/10 396 0 0 396 Celkem 284 187 31 001 2 727 312 461 3.1.d. 3.1.e. The sum of assets not included in the Balance Sheet Low-value assets kept in the operational records at the purchase price: Assets specification burdened with lien As per 31 March 2013, the Company does not have any assets burdened with lien. 43 504 T CZK 3.2. Receivables 3.2.a. Total overdue receivables: 128 924 T CZK Up to 30 days: 90 273 T CZK Up to 90 days: 16 518 T CZK Over 90 days: 22 133 T CZK 3.2.b. 3.2.c. 3.2.d. Long-term receivables Long-term trade receivables included in the Balance Sheet are created by retention sums of payments based on contractual stipulations, plus the amount of 143 820 T CZK by virtues of credits and loans granted. The sum of receivables in the amount of 22 218 T CZK from consortium members consists of the claims made upon the consortium members participating in those consortiums of which we are members, primarily in regard of division of net income. The Company keeps in its books a deposit bill of exchange upon the UNION Bank. This bill of exchange has been claimed in the bankruptcy proceedings. No adjusting item has been created to this bill of exchange. Collaterals and bills of exchange received and issued are recorded in the Off Balance Sheet. 3.3. Equity 3.3.a. Company s equity as of 31 March 2013 904 834 T CZK 3.3.b. 3.3.c. The division of profit made in the previous accounting period From the profit made in the accounting period 2011 in the amount of 201 774 T CZK, the Board of Directors has taken the decision to pay out the profit in the form of dividends in the overall amount of 155 000 T CZK. The remaining profit in the amount of 46 774 T CZK has been carried forward to the retained earnings account. Registered capital The amount of the registered capital is 205 Mio CZK. The registered capital consists of 204 shares in the par value of 1 000 000 CZK each and 2 shares in the par value of 500 000 CZK each. 3.4. Trade Payables (in thousands CZK) 3.4.a. Total overdue payables: 10 093 T CZK Up to 30 days: 707 T CZK Up to 90 days: 2 970 T CZK Over 90 days: 6 416 T CZK Of which dubious payables 5 153 T CZK Other overdue payables of 4 940 T CZK were settled to the date of the financial statements. 3.4.b. Out of which payables to the companies within the group: 0 Kč 3.4.c. The Company does not have any payables covered by lien. annual report 2012 11

3.4.d. The Company does not have any payables not included in the bookkeeping as per 31 March 2013. 3.4.e. Long-term trade payables included in the Balance Sheet consist of retention sums of payments based on contractual stipulations. 3.4.1. Payables to employees Payables of wages/salaries in March Other payables to employees Total 16 488 T CZK 261 T CZK 16 749 T CZK 3.5. Reserves 3.5.a. The company did not create any reserve for the repairs of tangible fixed assets. 3.6. Company revenues divided according to main activities: Activity Amount in thousands T CZK Transport 744 Laboratories, research and development 8 333 Mechanisation 1 438 Repair shops 601 Design 3 432 Civil engineering 4 441 421 Auxiliary civil engineering 71 433 Roads and bridges 367 870 Building administration 10 643 Company management 43 289 Water management structures 1 136 792 Total 6 085 996 The performance includes the revenues from the sales of the Company s products and services, revenues from the sales of its assets and materials, other operating revenues, and the revenues from the Company s financial activities. 3.7. Shares in controlled and managed parties IMOS Invest I, spol. s r.o., company registration No. 28279174, Olomoucká 174, 627 00 Brno Registered capital: Registered capital share: 100% 15 000 T CZK 15 000 T CZK 4. ESTIMATED RECEIVABLES The sum of the estimated items in the amount of 86 297 T CZK consists of estimated items based on so far non-disclosed insurance claims and unbilled services. 5. ESTIMATED PAYABLES The sum of the estimated items in the amount of 1 370 410 T CZK consists of estimated items based on unbilled supplies and deliveries provided by subcontractors. 6. INCOME TAX State tax obligations and subsidies Income tax Dependent activity tax Total State tax receivables and subsidies VAT claim Total 16 625 T CZK 1 942 T CZK 18 567 T CZK 25 490 T CZK 25 490 T CZK The calculation of the deferred tax obligation consists of the difference between the tax and net book value, and it amounts to 2 746 T CZK. A report entitled Report on the relations between related parties as per 31 March 2013 has been prepared. The report is kept on file in the Company s head office. No significant or substantial change occurred before the preparation of the financial statement. 12 annual report 2012

Auditor s report annual report 2012 13

Auditor s report 14 annual report 2012

IMOS Brno, a.s. Olomoucká 174 627 00 Brno Czech Republic Phone: +420 548 129 111 +420 532 173 111 Fax: +420 548 129 390 +420 532 173 390 e-mail: imos@imosbrno.eu www.imosbrno.eu