SUPERCEDED

XVII.   Financial Statements

Joint stock companies ("AS") are required to publish audited summaries of financial statements, other companies only if their net turnover or their net business assets exceeded stipulated amounts.

The information has to be published in the "Obchodní Věštník". It has to be given to the publisher within 1 month after the General Meeting. The general meeting must be held no later then eight months after the end of the last day of the accounting period.

The format is designed to be in conformity with European Union regulations, but perhaps is not useful to many readers of the statements.

The following data is required to be published for the current year with prior year comparatives:

BALANCE SHEET

Assets - total

Receivables for subscriptions (A)

Fixed Assets (B)

- intangible (B.I)
- tangible (B.II.)
- financial assets (B.III.)

Separately stated: Equity in controlled subsidiaries (B.III.1.)

Current Assets (C)

- inventory (C.1.)
- long-term receivables (C.II.)
- short-term receivables (C.III.)
- financial assets (C.IV.)

Other Assets (D)

LIABILITIES

Equity (A)

- registered capital (A.I.)
- capital funds (A.II.)
- funds created from net profit (A.III.)
- profit (loss) of previous years (+-A.IV.)
- profit (loss) of current period(+-A.V.)

Long term liabilities (B)

- reserves (B.I.)
- long-term payables (B.II.)
- short-term payables (B.III.)
- bank loans (B.IV.)

Separately stated: long-term bank loans(B.IV.1.)

Other liabilities (C)

PROFIT AND LOSS ACCOUNT

Revenues (I+II)

Separately stated: revenues from own products and services (I.+II.1.)
change in inventory of own production (II.2)
capitalization (II.3.)

Production consumption (A+B)
+ Added Value

Personal expenses (C)
Depreciation of tangible and intangible fixed assets (E)
Accounting for reserves and accruals and for adjustments to operating revenues (IV+V)
Additions to reserves and accruals and accounting for adjustments to operating expenses (G+H).)
Other operating revenues (III+VI+VII)
Other operating costs (D+F+I+J)

* Operating profit (loss)

Accounting for reserves and adjustments to financial revenues (XI+XII) Additions to reserves (financial) and accounting to adjustments to financial expenses (L+M)
Other financial revenues (VIII+IX+X+XIII+XIV+XV)
Other financial expenses (K+N+O+P+R)

* Profit (Loss) from financial operations including income tax on ordinary income
** Ordinary income

Extraordinary revenues (XVI)
Extraordinary expenses (S+T)

* Extraordinary income
** Profit (loss) of current accounting period