Raport.

AUGA GROUP AB Raport okresowy półroczny za 2017 PS

WYBRANE DANE FINANSOWE w tys. zł w tys. EUR półrocze / 2017 półrocze / półrocze / 2017 półrocze / Revenues 48,784 39,630 Operating profit 6,566 3,890 Profit for the period 4,741 2,145 Total comprehensive income attributable to equity holders 9,272 3,136 Net cash generated from operating activities 4,083 803 Net cash used in investing activities (11,199) 1,430 Net cash generated from financing activities 6,090 (4,654) Total assets 151,110 122,090 Total equity 81,691 72,238

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  • AUGA GROUP, AB
    Unaudited Consolidated Interim Results and
    Financial Information
    for 12 months ended 31 December 2017


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 2
    TABLE OF CONTENTS
    I. GENERAL PROVISIONS ..................................................................................................... ...................................................................... 3
    Accounting period covered by the Report ..................................................................................................... ................................. 3
    Key data on the issuer .................................................. ................................................... ...................................................................... 3
    Information on where and when the Report and the do cuments, on which the Report is based, are publicly
    available and the name of the mass media means ..................................................................................................... ............. 12
    II. INFORMATION ABOUT THE LARGEST SHAREHOLDERS AND ISSUERS MANAGEMENT .............................................. 13
    Share capital .................................................. ................................................... ....................................................................................... 13
    Shareholders .................................................. ................................................... ...................................................................................... 13
    The sales of the Issuer’s securities on exchanges a nd other organized markets ......................................................... 13
    Agreements with the mediators of securities public circulation .................................................. ......................................... 13
    Procedure for amendments of the Articles of Associa tion ................................................... .................................................. 13
    Members of the managing bodies ..................................................................................................... .............................................. 14
    III. FINANCIAL INFORMATION ..................................................................................................... .......................................................... 15
    Consolidated income statement ..................................................................................................... .................................................. 15
    Consolidated statement of comprehensive income ..................................................................................................... ............. 15
    Consolidated balance sheet ..................................................................................................... .......................................................... 16
    Consolidated statement of changes in equity ..................................................................................................... ........................ 17
    Consolidated statement of cash flows ............................................................................................................................................ 18
    Comments to the Financial Information ..................................................................................................... ................................... 19
    IV. THE NEWEST AND ESSENTIAL EVENTS IN THE ACTIVITY OF THE ISSUER .................................................. ................ 29
    The newest events in the activity of the Issuer ..................................................................................................... .................... 29



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 3
    I. GENERAL PROVISIONS
    Acounting period covered by the Report
    The report covers AUGA group, AB and it’s subsidiar ies (hereinafter – Group) consolidated unaudited financial information
    for 12 month period ended 31 December 2017.
    Key data on the issuer
    Name of the company: Auga Group, AB (hereinafter – AG or the Company)
    Share capital: EUR 54,350,713.08
    Address of headquarters: Konstitucijos av. 21C, Qu adrum North, LT-08130, Vilnius, Lithuania
    Telephone: (8~5) 233 53 40
    Fax: (8~5) 233 53 45
    E-mail address:
    [email protected] Website: www.auga.lt Legal-organizational form: Legal body, joint stock company
    Place and date of registration: 25 June 2003, Vilni us
    Register code: 1262 64360
    Register number: AB2003-926
    Registrant of the Register of legal bodies: State Enterprise Centre of registers
    As at 31 December
    2017 the Group was comprised of the Company and it‘ s subsidiaries:
    Name Legal form Date and
    place of
    registration
    Company
    code Address Phone, fax and
    e-mail
    UAB Baltic Champs Joint stock
    company 27-12-2012, State
    Registrar 302942064 Poviliškės, Šiauliai distr. (8~5) 233 53
    40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AVG Investment Joint stock
    company 10-02-2005, State
    Registrar 300087691 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AWG Investment 1 Joint stock
    company 18-06-2008, State
    Registrar 301745765 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AWG Investment 2 Joint stock
    company 24-07-2008, State
    Register 301807590 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Agross Joint stock
    company 24-07-2008, State
    Register 301807601 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: in[email protected]
    UAB Grain Lt Joint stock
    company 17-03-2010, State
    Register 302489354 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ARS ingenii* Joint stock
    company 15-03-2011, State
    Register 302602713 Konstitucijos pr. 21C, Vilnius (8~5) 233
    53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Agro GIS Joint stock
    company 18-01-2011, State
    Register 302583978 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Agro Management
    Team Joint stock
    company 02-03-2011, State
    Register 302599498 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 4
    UAB Agrotechnikos
    centras Joint stock
    company 03-02-2011, State
    Register 302589187 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AUGA Trade Joint stock company 29-02-2012, State Registrar 302753875 Jonavos r. sav. Bukonių k. Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Žemės fondas Agricultural
    entity 07-04-2006, State
    Register 300558595 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Žemės vystymo
    fondas 6 Joint stock
    company 10-08-2006, State
    Registrar 300589719 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Žemės vystymo
    fondas 9 Joint stock
    company 09-03-2006, State
    Registrar 300547638 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Žemės vystymo
    fondas 10 Joint stock
    company 10-01-2008, State
    Registrar 301522723 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Žemės vystymo
    fondas 20 Joint stock
    company 22-06-2007, State
    Registrar 300887726 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Spindulys Agricultural entity 09-04-1993,
    Radviliškis district
    municipality 171330414 Radviliškio r. sav. Vaitiekūnų
    k. Spindulio g. 13 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Smilgiai Agricultural entity 16-09-1992,
    Panevėžys district
    municipality 168548972 Panevėžys st. 23, Smilgiai,
    Smilgiai mun., LT-38375 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Skėmiai Agricultural entity 01-10-1992,
    Radviliškis district
    municipality 171306071 Radviliškio r. sav. Skėmių k.
    Kėdainių g. 36 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Nausodė Agricultural entity 11-08-1992,
    Anykščiai district
    municipality 154179675 Anykščių r. sav. Kirmėlių k. (8~5) 233 53
    40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Dumšiškės Agricultural entity 29-09-1992, LR
    Raseiniai district
    board 172276179 Raseinių r. sav. Paraseinio k. (8~5) 233
    53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Žadžiūnai Agricultural entity 30-06-1992,
    Šiauliai district
    municipality 175706853 Šiaulių r. sav. Žadžiūnų k.
    Gudelių g. 30-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Mantviliškis Agricultural entity 06-11-1992, Kėdainiai district
    board 161274230 Kėdainių r. sav. Mantviliškio k. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 5
    ŽŪB AUGA Alanta Agricultural
    entity 29-06-1992,
    Molėtai district
    municipality 167527719 Molėtų r. sav. Kazlų k.
    Skiemonių g. 2A (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Eimučiai Agricultural entity 29-06-1992,
    Šiauliai district
    municipality 175705032 Šiaulių r. sav. Žadžiūnų k.
    Gudelių g. 30-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Vėriškės Agricultural
    entity 29-09-1992,
    Radviliškis district
    municipality 171305165 Radviliškio r. sav. Vėriškių k. (8~5) 233
    53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Želsvelė Agricultural
    entity 03-07-1992,
    Marijampolė
    municipality 165666499 Marijampolės sav. Želsvos k. (8~5) 233 53
    40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Lankesa Agricultural
    entity 06-04-1999,
    Jonava district
    municipality 156913032 Jonavos r. sav. Bukonių k. (8~5) 233 53 4
    0;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Kairėnai Agricultural
    entity 02-03-1993,
    Radviliškis district
    municipality 171327432 Radviliškio r. sav. Kairėnų k. (8~5) 233
    53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB AUGA Jurbarkai Agricultural
    entity 31-07-1992,
    Jurbarkas district
    municipality 158174818 Jurbarko r. sav. Klišių k.
    Vytauto Didžiojo g. 99 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Grūduva Joing stock company 24-02-1997,
    Šakiai district
    municipality 174401546 Šakių r. sav. Gotlybiškių k. (8~5) 233 53
    40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Panevežio region ŽŪB
    Gustoniai Agricultural
    entity 09-12-1992,
    Panevėžys district
    municipality 168565021 Panevėžio r. sav. Gustonių k.
    M. Kriaučiūno g. 15 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Siesartis Cooperative
    entity 21-04-2010,
    Šakiai district
    municipality 302501098 Šakių r. sav. Gotlybiškių k.
    Mokyklos g. 18 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Kašėta Cooperative entity 21-04-2010,
    Jonavos district
    municipality 302501251 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Gustonys Agricultural entity 08-06-2010,
    Vilniaus district
    municipality 302520102 Panevėžio r. sav. Gustonių k.
    M. Kriaučiūno g. 15 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 6
    ŽŪB Skėmių
    pienininkystės centras Agricultural
    entity 05-03-2012
    Radviliškis district
    municipality 302737554 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Agrobokštai ŽŪK Cooperative entity 02-03-2010,
    Marijampolė
    municipality 302485217 Vilniaus m. sav. Vilniaus m.
    Smolensko g. 10 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Dotnuvėlės valdos Cooperative
    entity 21-04-2011,
    Šiauliai district
    municipality 302618614 Šiaulių r. sav. Žadžiūnų k.
    Gudelių g. 30-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Nevėžio lankos Cooperative
    entity 21-04-2011,
    Radviliškis district
    municipality 302618596 Kėdainių r. sav. Mantviliškio k.
    Liepos 6-osios g. 60 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Radviliškio kraštas Cooperative
    entity 20-04-2011,
    Radviliškis district
    municipality 302618742 Radviliškio r. sav. Skėmių k.
    Kėdainių g. 13 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Šventosios pievos Cooperative
    entity 20-04-2011,
    Radviliškis district
    municipality 302618201 Radviliškio r. sav. Vaitiekūnų
    k. Spindulio g. 13-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Kairių ūkis Cooperative
    entity 13-04-2011,
    Marijampolė
    municipality 302615194 Panevėžio r. sav. Gustonių k.
    M. Kriaučiūno g. 15 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Šiaurinė valda Cooperative entity 13-04-2011, Šakiai district
    municipality 302615187 Šiaulių r. sav. Poviliškių k. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Šušvės žemė Cooperative entity 21-04-2011, Radviliškis district
    municipality 302618767 Kelmės r. sav. Pašiaušės k. Vilties g. 2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪK Agromilk Cooperative entity 23-04-2009, Radviliškis district
    municipality 302332698 Anykščių r. sav. Nausodės k. Nausodės g. 55 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Žalmargėlis Cooperative entity 23-09-2013, State Registrar 303145954 Vilniaus m. sav. Vilniaus m. Smolensko g. 10 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Juodmargėlis Cooperative entity 03-10-2013, State
    Registrar 303159014 Raseinių r. sav. Paraseinio k.
    Paraseinio g. 2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Agrosaulė 8 Joint stock company 23-08-2012, State
    Registrar 302846105 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Pušaloto melioracijos
    statinių naudotojų
    asociacija Association 11-12-2009
    Pasvalys district
    municipality 302465563 Pasvalio r. sav. Diliauskų k.
    Diliauskų g. 23 (8~5) 233 53 40;
    fax: (8~5) 233 53 45,


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 7
    e-mail: [email protected]
    Grūduvos melioracija Association 23-11-2010, State Registrar 302567116 Mokyklos st. 2, Gotlybiškės,
    Šakiai distr. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Skėmių melioracijos
    statinių naudotojų
    asociacija Association 22-10-2013, State
    Registrar 303170256 Vilniaus m. sav. Vilniaus m.
    Smolensko g. 10 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Melioracijos sistemų
    naudotojų asociacijos
    "Nausodė" Association 22-10-2013, State
    Registrar 304219592 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Vaitiekūnų melioracijos
    statinių naudotojų
    asociacija Association 22-10-2013, State
    Registrar 303170306 Vilniaus m. sav. Vilniaus m.
    Smolensko g. 10 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Traktorių nuomos
    centras Joint stock
    company 16-07-2012, State
    Registrar 302820808 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Traktorių nuomos paslaugos Joint stock company 16-07-2012, State Registrar 302820797 Jonavos r. sav. Bukonių k. Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Arnega Joint stock company 13-08-2011, State
    Registrar 302661957 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AUGA Ramučiai Joint stock company 05-09-2012, State
    Registrar 302854479 Šiaulių r. sav. Poviliškių k. (8~5) 233 5
    3 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB AUGA Luganta Joint stock company 05-09-2012, State
    Registrar 300045023 Kelmės r. sav. Pašiaušės k. (8~5) 233 53
    40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ŽVF projektai Joint stock company 27-12-2012, State
    Registrar 300137062 Jonavos r. sav. Bukonių k.
    Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB Bukonių ekologinis
    ūkis Joint stock
    company 23-08-2012, State
    Registrar 302846621 Vilniaus m. sav. Vilniaus m.
    Konstitucijos pr. 21C (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Želsvelės ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325856 Marijampolės sav. Želsvos k.
    Želsvelės g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Smilgių ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325824 Panevėžio r. sav. Smilgių mstl.
    Panevėžio g. 23-1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Skėmių ekologinis ūkis Agricultural entity 09-06-2014, State Registrar 303325692 Radviliškio r. sav. Skėmių k. Kėdainių g. 13 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Mantviliškio
    ekologinis ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325703 Kėdainių r. sav. Mantviliškio k.
    Liepos 6-osios g. 60 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 8
    ŽŪB Spindulio ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325817 Radviliškio r. sav. Vaitiekūnų
    k. Spindulio g. 13-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Lankesos ekologinis ūkis Agricultural entity 09-06-2014, State Registrar 303325710 Jonavos r. sav. Bukonių k. Lankesos g. 1 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Dumšiškių
    ekologinis ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303324722 Raseinių r. sav. Paraseinio k.
    Paraseinio g. 2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Kairėnų ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325774 Radviliškio r. sav. Vaitiekūnų
    k. Spindulio g. 13-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Žadžiūnų ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325870 Šiaulių r. sav. Žadžiūnų k.
    Gudelių g. 30-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Vėriškių ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325849 Radviliškio r. sav. Skėmių k.
    Kėdainių g. 13 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Nausodės
    ekologinis ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325781 Anykščių r. sav. Nausodės k.
    Nausodės g. 55 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Jurbarkų ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303325361 Jurbarko r. sav. Klišių k.
    Vytauto Didžiojo g. 99 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Eimučių ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303324715 Šiaulių r. sav. Žadžiūnų k.
    Gudelių g. 30-2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Alantos ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303324747 Molėtų r. sav. Kazlų k.
    Skiemonių g. 2A (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ŽŪB Grūduvos ekologinis
    ūkis Agricultural
    entity 09-06-2014, State
    Registrar 303324804 Šakių r. sav. Gotlybiškių k.
    Mokyklos g. 2 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB eTime invest Joint stock company 09-06-2014, State
    Registrar 300578676 Vilniaus m. sav. Vilniaus m.
    Saltoniškių g. 29 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    OOO Karakash Agro Joint stock company 09-09-2010,
    Ukraine 37171461 Adalet st. 18, Chechova,
    Razdolnenskiy distr., Krym (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    OOO Karakash Joint stock company 09-09-2010,
    Ukraine 32140884 Adalet st. 18, Chechova,
    Razdolnenskiy distr., Krym (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    AgroSchool OU Joint stock company 15-07-2013,
    Estonia 12491954 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Public institution
    AgroSchool Public
    institution 22-07-2013, State
    Registrar 303104797 Vilniaus m. sav. Vilniaus m.
    Smolensko g. 10 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 9
    Turvaste partners OU Private limited
    company 02-05-2014,
    Estonia 12655410 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Nakamaa Agro OU Private limited company 02-05-2014, Estonia 12655522 Lai 32 -8 Tallinn 10133, Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Hindaste Invest OU Private limited company 24-04-2014,
    Estonia 12655384 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Tuudi River OU Private limited company 02-05-2014,
    Estonia 12655384 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Palderma Partners OU Private limited company 02-05-2014,
    Estonia 12654959 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Ave-Martna Capital OU Private limited company 02-05-2014,
    Estonia 12655155 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Hobring Invest OU Private limited company 02-05-2014,
    Estonia 12655427 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Rukkirahhu Capital OU Private limited company 02-05-2014,
    Estonia 12655232 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Pahasoo OU Private limited company 02-05-2014,
    Estonia 12655367 Lai 32-8 Tallinn 10133,
    Republic of Estonia (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Ganiklis Cooperative
    entity 20-10-2014, State
    Registrar 303429417 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Ganiavos gėrybės Cooperative entity 20-10-2014, State
    Registrar 303429431 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Žemėpačio pieno
    ūkis Cooperative
    entity 22-10-2014, State
    Registrar 303432388 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Žemynos pienelis Cooperative entity 17-10-2014, State
    Registrar 303427989 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Lygiadienio ūkis Cooperative entity 17-10-2014, State
    Registrar 303428087 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Laumės pieno ūkis Cooperative entity 17-10-2014, State
    Registrar 303427996 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Medeinos pienas Cooperative entity 17-10-2014, State
    Registrar 303428112 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 10
    KB Gardaitis Cooperative
    entity 20-10-2014, State
    Registrar 303429381 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Dimstipatis Cooperative entity 20-10-2014, State Registrar 303429424 Radviliškio r. sav. Skėmių k. Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Aušlavis Cooperative entity 20-10-2014, State
    Registrar 303429456 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Austėjos pieno ūkis Cooperative entity 17-10-2014, State
    Registrar 303428094 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Aitvaro ūkis Cooperative entity 20-10-2014, State
    Registrar 303429374 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    KB Giraičio pieno ūkis Cooperative entity 20-10-2014, State
    Registrar 303429399 Radviliškio r. sav. Skėmių k.
    Alyvų g. 1-3 (8~5) 233 53 40;
    fax: (8~5) 233 53 45,
    e-mail: [email protected]
    Fentus 10, GmbH Private limited company 02-05-2014,
    Germany HRB106477 Torstrasse 138, Berlin, DE-10119,
    Germany (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    Norus , AG Private limited company 02-05-2014,
    Germany HRB109356B Torstrasse 138, Berlin, DE-10119,
    Germany (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    LT Holding AG Private limited company 02-05-2014,
    Germany HRB109265B Torstrasse 138, Berlin, DE-10119,
    Germany (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    ,,KTG Agrar" UAB Private limited
    company 20-10-2014, State
    Registrar 300127919 Maironio g. 3, Raseiniai
    (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Raseiniai" Private limited company 20-10-2014, State
    Registrar 300610316 Maironio g. 3, Raseiniai
    (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Mažeikiai" Private limited company 20-10-2014, State
    Registrar 300610348 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,PAE Agrar" Private limited company 20-10-2014, State
    Registrar 300867691 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Delta Agrar" Private limited company 20-10-2014, State
    Registrar 300868875 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,KTG Grūdai" Private limited company 20-10-2014, State
    Registrar 302637486 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,KTG Eko Agrar" Private limited company 20-10-2014, State
    Registrar 300510650 Maironio g. 3, Raseiniai
    (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 11
    UAB ,,Agronita" Private limited
    company 20-10-2014, State
    Registrar 300132574 Maironio g. 3, Raseiniai
    (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agronuoma" Private limited company 20-10-2014, State Registrar 303204954 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,VL Investment
    Vilnius 12" Private limited
    company 20-10-2014, State
    Registrar 303205611 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Ašva" Private limited company 20-10-2014, State
    Registrar 301608542 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Varduva" Private limited company 20-10-2014, State
    Registrar 301608791 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Seda" Private limited company 20-10-2014, State
    Registrar 301608777 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Kvistė" Private limited company 20-10-2014, State
    Registrar 302308067 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Luoba" Private limited company 20-10-2014, State
    Registrar 302308035 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Gaja" Private limited company 20-10-2014, State
    Registrar 302594412 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Ariogala" Private limited
    company 20-10-2014, State
    Registrar 301626540 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Girdžiai" Private limited company 20-10-2014, State
    Registrar 301621568 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Vidauja" Private limited company 20-10-2014, State
    Registrar 301622531 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,, Agrar Raudonė" Private limited company 20-10-2014, State
    Registrar 302309532 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Venta" Private limited company 20-10-2014, State
    Registrar 302307855 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Nerys" Private limited company 20-10-2014, State
    Registrar 302594063 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Gėluva" Private limited company 20-10-2014, State
    Registrar 302312133 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 12
    UAB ,,Agrar Betygala" Private limited
    company 20-10-2014, State
    Registrar 302312222 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Dubysa" Private limited company 20-10-2014, State Registrar 302312215 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Pauliai" Private limited company 20-10-2014, State
    Registrar 302312165 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    UAB ,,Agrar Mituva" Private limited company 20-10-2014, State
    Registrar 302312172 Dvaro g.30, G
    ėluvos k., Ariogalos
    sen., Raseini ų r. (8~5) 233 53 40;
    fax: (8~5) 233 53 45, e-mail: [email protected]
    * Ars ingenii, UAB – previously was named AMT Žemė,
    UAB.
    Information on where and when the Report and the docum ents, on which the Report is based, are
    publicly available and the name of the mass media means
    The report is available during working days from 8. 30 to 17.30 at the headquarters of Auga Group AB at the adress:
    Konstitucijos av. 21C, Quadrum office, Vilnius, or at the Company‘s internet website:
    www.auga.lt . The announcements of the Company, including the information and other do cuments related to the Annual General meeting, also the information
    and other documents related to liquidation or reorg anisation of the Company, minutes of the shareholde r and Board
    meetings, other announcements and documents, which according to the law of Republic of Lithuania, the Statutes of the
    Company and the decisions of the Management have to be announced publicly are announced in the state registrar electronic
    bulletin or delivered to each shareholder and other person personally – either by registered mail, or by signed delivery.
    Announcements of the Company are placed on the NASD AQ OMX Vilnius Stock exchange information system and on the
    ESPI information system which is operated by Polish FSA, as well as on Electronic Information Base which is operated by
    Warsaw Stock Exchange.



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 13
    II. INFORMATION ABOUT THE LARGEST SHAREHOLDERS AND ISSUERS MANAGEMENT
    Share capital
    The share capital of AUGA Group AB as at 31 December 2017 was EUR 54,350,713.08. The share capital was divided into
    187,416,252 ordinary shares. Each issued share has a EUR 0.29 nominal value and fully paid.
    Shareholders
    Total number of shareholders as at 31 December 2017 was 915 (nine hundred fifteen). The shareholders owning more than
    5 per cent of all the company shares:
    Name, surname / name of the company Company / personal code Address Votes held by shareholder Shares held by shareholder
    UAB „Baltic Champs Group“ 145798333 Poviliškių km.,
    Šiaulių raj. sav. 165,167,939 88.13%
    Multi Asset Selection Fund I015 Antano Tum ėno g.
    4-B, Vilnius 10,920,736 5.83%
    The sales of the Issuer’s securities on exchanges and
    other organized markets
    Over the accounting period, the Companies shares were traded on the NASDAQ OMX Vilnius (hereinafter – OMX Vilnius).
    Reporting period
    Price, EUR
    Date of last session
    Total turnover
    max min Last session Units EUR, million
    2017 I quarter 0.490 0.431 0.470 2017.03.31 365.499 0.168
    2017 II quarter 0.460 0.300 0.410 2017.06.30 311.059 0.132
    2017 III quarter 0.432 0.376 0.425 2017.09.30 1.000.308 0.406
    2017 IV quarter 0.575 0.421 0.548 2017.12.31 1.813. 003 0.927
    Agreements with the mediators of securities public c irculation
    The Company and FMĮ Orion Securities UAB (A. Tumėno st. 4, B korpusas, LT-01109, Vilnius) signed an agreement regarding
    handling of Shareholders accounts.
    Procedure for amendments of the Articles of Associati on
    The Articles of Association can be changed following Lithuanian Republic law on Stock companies with a n appropriate
    approval of the Companies‘ shareholders.


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    INTERIM REPORT
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 14
    Members of the managing bodies
    The managing bodies of the company are general meet ing of the shareholders, the Supervisory Council, the Board of
    Directors and Managing Director. The Supervisory Co uncil (consisting of 3 members) is elected by the shareholder meeting.
    The Board of directors is formed from 5 members. Th e chairman is elected by the Board. The Board membe rs are elected
    by the Supervisory Council. The Board of Directors elects and recalls the Director, decide upon remuneration and other
    working conditions, approves official rulebook, awa rds and handles penalties. The General director is the manager of the
    Company.
    Information of Supervisory Board of the Company as at 31 December 2017:
    Name, Surname Position End of current term
    of office Period of service
    as a member
    Vladas Lašas Chairman of
    Supervisory Board Until general meeting of
    shareholders to be held in 2019 Chairman of Supervisory Board since 14-05-2015
    Liudas Navickas Member of
    Supervisory Board Until general meeting of shareholders to be held in 2019 Member of Supervisory Board since 13-03-2014
    Rimantas Rudzkis Member of
    Supervisory Board Until general meeting of shareholders to be held in 2019 Member of Supervisory Board since 13-03-2014
    Information of Audit Committee of the Company as at 31 December 2017:
    Name, Surname Position End of current term
    of office Period of service
    as a member
    Liudas Navickas
    Chairman of
    Audit Committee
    Until 06-02-2019 Chairman of Audit
    Committee since 17-02-
    2017
    Vladas Lašas Member of
    Audit Committee Until 06-02-2019 Member of Audit Committee since 17-02-2017
    Rimantas Rudzkis Member of
    Audit Committee Until 06-02-2019 Member of Audit Committee since 17-02-2017
    The main functions of the Audit Committee are to mo nitor the process of preparing the Company's financial statements,
    monitor the audit process, analyze the effectivenes s of internal audit and risk management systems.
    Information of the Board of the Company as at 31 De cember 2017:
    Name, Surname Position End of current term
    of office Period of service
    as a member
    Kęstutis Juščius Chairman of Board Until general meeting of
    shareholders to be held in 2019 Chairman of Board since 14-05-2015
    Linas Bulzgys Member of Board,
    General director Until general meeting of shareholders to be held in 2019
    Member of Board since 08-05-2014
    General director since 05-05-2015
    Marijus Bakas Member of Board Until general meeting of shareholders to be held in 2019 Member of Board since 08-05-2014
    Linas Strėlis Member of Board Until general meeting of shareholders to be held in 2019 Member of Board since 14-12-2007
    Agnė Jonaitytė Member of Board Until general meeting of shareholders to be held in 2019 Member of Board since 07-02-2017
    Information on the shares of the Company held by th e members of the Supervisory Board, Audit Committee , the Board
    and the top management as of 31 December 2017:
    Name, Surname Position Owned shares in the
    Company, units Owned shares in the
    Company, %
    Kęstutis Juščius Chairman of the Board 1,392 0.00%
    Marijus Bakas Member of Board 39,062 0.02%
    Kęstutis Juščius, Chairman of the Board, is the ult imate shareholder of Baltic Champs Group, UAB , con trolling 88.13% of
    the Group shares.


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 15
    III. FINANCIAL INFORMATION
    CONSOLIDATED INCOME STATEMENT
    12 month period
    ended 31 December
    3 month period
    ended 31 December
    2017
    Unaudited 2016
    Audited 2017
    Unaudited 2016
    Unaudited
    Revenues 48,784 39,630 12,199 11,560
    Cost of sales (38,012) (27,985) (9,897) (6,452)
    Gain (loss) on changes in fair values of biological assets and on recognition at fair
    value of agricultural produce at point of
    harvest
    4,477 (868)
    (1,915) (1,140)
    GROSS PROFIT 15,249 10,777 387 3,968
    Operating expenses (8,989) (7,014) (2,092) (1,814)
    Revaluation of investment property - (435)
    Other income 306 127 (121) (137)
    OPERATING PROFIT 6,566 3,890 (1,826) 2,017
    Finance cost (1,908) (2,098) (776) (563)
    PROFIT (LOSS) BEFORE INCOME TAX 4, 658 1,792 (2,602) 1,454
    Income tax expense 83 353 5 342
    NET PROFIT / (LOSS) FOR THE YEAR
    4, 741 2,145 (2,597) 1,796
    ATTRIBUTABLE TO:
    Equity holders of the Company 4,652 2,173 (2,667) 1,361
    Non-controlling interest 89 (28) 70 -
    4,
    741 2,145 (2,597) 1,361
    STATEMENT OF OTHER COMPREHENSIVE
    INCOME
    NET PROFIT/ (LOSS) FOR THE PERIOD 4,741 2,145 (2,597) 1,361
    Other comprehensive income: Items that will not be reclassified to profit or
    loss:
    Currency exchange differences
    52 49 52 49
    Revaluation of land, gross of tax 4,808 962 4,808 962
    Deferred tax liability from revaluation (240) (48) (240) (48)
    TOTAL COMPREHENSIVE INCOME
    FOR THE YEAR 9,361 3,108 2,023 2,324
    ATTRIBUTABLE TO:
    Equity holders of the Company 9,272 3,136 1,953 2,324 Non-controlling interest 89 (28) 70 -
    9,361 3,108 2,023 2,324


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 16
    CONSOLIDATED BALANCE SHEET
    ASSETS 12 months ended
    2017 December 31 unaudited 12 months ended
    2016 December 31
    audited
    Non-current assets
    Property, plant and equipment 87,345 76,262
    Investment property - -
    Intangible assets 871 19
    Long term receivables 3,497 2,599
    Investments in subsidiaries 686 286
    Deferred tax asset 683 669
    Biological assets 8,029 6,858
    Total non-current assets 101,111 86,693
    Current assets
    Biological assets 11,447 5,223
    Inventory 26,369 15,157
    Trade receivables, advance payments and other
    receivables 11,560 13,367
    Cash and cash equivalents 623 1,650
    Total current assets
    49,999 35,397
    TOTAL ASSETS 151,110 122,090
    EQUITY AND LIABILITIES
    Capital and reserves
    Share capital 54,351 54,351
    Share premium 738 7,890
    Revaluation reserve 8,839 4,179
    Legal reserve 579 579
    Currency exchange differences (165) (217)
    Retained earnings / (accumulated deficit) 16,967 5, 163
    Equity attributable to equity holders of the
    parent
    81,309 71,945
    Non-controlling interest 382 293
    Total equity
    81,691 72,238
    Non-current liabilities
    Borrowings 15,655 16,938
    Obligations under finance lease 7,319 3,427
    Deferred grant income 2,708 3,286
    Deferred tax liability 811 433
    Total non-current liabilities
    26,493 24,084
    Current liabilities
    Current portion of non-current borrowings 4,445 3,5 85
    Current portion of non-current obligations under
    finance lease
    2,503 2,690
    Current portion deferred grant income 550 566
    Current borrowings 13,633 5,350
    Trade payables 15,494 8,796
    Other payables and current liabilities 6,301 4,781
    Total current liabilities
    42,926 25,768
    Total liabilities 69,419 49,852
    TOTAL EQUITY AND LIABILITIES
    151,110 122,090


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 17
    CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
    Share
    capital
    Revaluation reserve Currency
    exchange
    differences Legal
    reserve
    Retained earnings Equity
    attributable to
    the shareholders of the company Non-
    controlling interest
    Total
    Share
    premium
    Audited balance as at
    31 December 2015
    54,351
    7,890
    7,689 (266) 579 (1,434) 68,809 321 69,130
    Comprehensive income
    Net profit (loss) for the period - - - - - 2,173 2,173 (28) 2,145
    Other comprehensive income - - - - - - - - -
    Disposal of subsidiaries - - (4,424) - - 4,424 - - -
    Revaluation of land, net of tax 914 - - - 914 - 914
    Currency exchange differences - - - 49 - - 49 - 49
    Total comprehensive income -
    - (3,510) 49 - 6,597 3,136 (28) 3,108
    Transactions with shareholders
    Increase in share capital - - - - - - - - -
    Total transactions with
    shareholders
    -
    -
    - - - - - - -
    Balance as at
    31 December 2016
    54,351
    7,890
    4,179 (217) 579 5,163 71,945 293 72,238
    Share
    capital
    Revaluation reserve Currency
    exchange
    differences Legal
    reserve
    Retained earnings Equity
    attributable to
    the shareholders of the company Non-
    controlling interest
    Total
    Share
    premium
    Audited balance as at
    31 December 2016
    54, 351 7,890 4 179 (217) 579 5,163 71, 945 293 72, 238
    Comprehensive income
    Net profit (loss) for the period - - - - - 4,652 4,652 89 4,741
    Coverage of losses with share
    premium
    - (7,152) - - - 7,152 - - -
    Other comprehensive income
    Revaluation of land, net of tax - - 4,660 - - - 4,660 - 4,660
    Currency exchange differences - - - 52 - - 52 - 52
    Total comprehensive income - (7,152) 4,660 52 - 11,804 9,364 89 9,453
    Transactions with shareholders
    Increase in share capital - - - - - - - - -
    Total transactions with
    shareholders
    -
    -
    - - - - - - -
    Balance as at
    31 December 2017
    54, 351 738 8,839 (165) 579 16,967 81,309 382 81,691


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial information and interim report for the 12 month period ended 31 December 2017 18
    CONSOLIDATED STATEMENT OF CASHFLOWS
    12 months period ended 31 December
    2017 Unaudited 2016 Audited
    Net profit (loss) before income tax 4,741 1,792 Adjustments for non -cash expenses (income) items and other adjustments Depreciation expense 6,804 6,058 Amortization expense - 50 Write offs and impairment of PPE - 559 (Profit) loss on sales of non-current assets (164) 227 (Gain) on sale of investment property - - Negative goodwill - - Write-offs of inventory 1,102 1,266 Net finance cost 1,908 2,098 Acquired own liabilities at discount - (184) (Profit) loss on sale of investments - - Negative revaluation of land (net of tax) 83 - Impairment of investments - - Impairment of accounts receivable - 10 Loss (gain) on changes in fair value of biological assets (4,477) 868 Grants related to assets, recognized as income (392) (663) Changes in working capital (Increase) decrease in biological assets (2,004) (2,245) (Increase) decrease in trade receivables and prepay ments 6,013 (1,289) (Increase) decrease in inventory (11,273) (7,567) (Decrease) increase in trade and other payables 3,649 1,723
    5,991 2,703
    Income tax paid - - Interest received, gross - 48 Interest paid, gross (1,908) (1,945)
    Net cash flows from /(to) operating activities 4,083 806 Cash flows from /(to) investing activities Purchase of property, plant and equipment (9,027) (4,329) Purchase of non-current intangible assets (198) (14) Purchase of Investments (KTG Group) (478) - Purchase of accounts receivables (KTG Group) (887) - Cash acquired with subsidiaries 44 - Purchase of investment property, investments - - Proceeds from sales of investment property, PPE 503 488 Proceeds from sales of investments - 6,165 Grants related to assets, received from NPA (257) - Loans repaid (granted) (898) (880)
    Net cash flows from/(to) investing activities (11,199) 1,430 Cash flows from /(to) financing activities Disposal (acquisition) of available for sale invest ments - - Loans repaid to banks (7,381) (19,101) Loans received from banks 12,130 17,352 Other borrowings obtained (paid) (1,399) (851) Finance lease obtained (repaid) 2,740 (2,054)
    Net cash flows from/(to) financing activities 6,090 (4,654) Net (decrease) / increase in cash and cash equivale nts (1,027) (2,418) Cash and cash equivalents at the beginning of the period 1,650 4,068 Cash and cash equivalents at the end of the period 623 1,650


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 19
    Comments to the Financial Information
    General information
    Auga Group AB (hereinafter – “the Company”) was fou nded and started its operations on 25 June 2003. The Company’s
    head office is located in Konstitucijos av. 21C, Qu adrum North, Vilnius, Lithuania.
    In 2003 the Company’s legal name Galuvė UAB was cha nged to Agrovaldymo grupė UAB. In February 2006, limited
    liability company Agrovaldymo grupė was reorganized to a public company Agrovaldymo grupė AB. In Decem ber 2007
    the Company’s name was changed to Agrowill Group AB .
    In October, 2016 the Company’s legal name Agrowill Group AB was changed to Auga Group AB.
    In April 2014, AUGA Group AB group of companies wer e acquired by Baltic Champs Group UAB. Based on the requirements
    outlined in International Financial Reporting Stand ard 3 “Business Combinations” (IFRS 3) such transac tion is treated and
    accounted for as a reverse acquisition, as former s hareholders of BC obtained control of more than 50% of AUGA Group
    AB shares and received the majority of seats in the Board of Directors. For accounting purposes, the legal buyer AUGA
    Group AB is treated as an accounting acquiree, whil e legal acquiree Baltic Champs UAB is treated as an accounting
    acquirer. The new AUGA Group AB group of companies, hereinafter in the financial statements is referred to as the Group.
    Due to this reverse acquisition transaction, the co nsolidated figures for the reporting period represe nt the Group‘s financial
    information, being those of Baltic Champs UAB (acco unting acquirer) and its subsidiaries financial statements, although
    the legal name continues to be that of AUGA Group A B.
    The Company’s shareholders’ meeting has the power t o reject and request the management to reissue financial
    statements after issue. Starting since 1 April 2008 the Company was listed on Vilnius Stock Exchange M ain list, since 30
    April 2009, the Company was moved to the Secondary list of NASDAQ OMX Vilnius Stock Exchange. As of 8 July 2011,
    the Company’s shares are also traded on the Warsaw Stock Exchange. The fiscal year of the Company and its subsidiaries
    corresponds with calendar year.
    Group main activities are organic agriculture (crop and vegetable growing), diary cow husbandry, mushr oom growing and
    end user products production. The Group consists of the Company and one hundred thirty three subsidiar ies. The
    subsidiaries included in the Group‘s consolidated f inancial statements are indicated below:
    Group ownership interest, %
    Subsidiary Country 31 Dec 2017 31 Dec 2016 Activity UAB Baltic Champs Lithuania 100.00% 100.00% Agricultural operations AVG Investment UAB Lithuania 100.00% 100.00% Management company AWG Investment 1 UAB Lithuania 100.00% 100.00% Management company AWG Investment 2 UAB Lithuania 100.00% 100.00% Management company UAB Agross Lithuania 100.00% 100.00% Trade and logistics Grain Lt UAB Lithuania 100.00% 100.00% Trade and logistics Ars ingenii, UAB * Lithuania 100.00% 100.00% Trade and logistics Agro GIS UAB Lithuania 95.00% 95.00% Food products, agriculture Agro Management Team UAB Lithuania 100.00% 100.00% Land management company Agrotechnikos centras UAB Lithuania 100.00% 100.00% Lease of machinery AUGA trade, UAB Lithuania 100.00% 100.00% Trade activities Žem ės fondas Ž ŪB Lithuania 100.00% 100.00% Rent of land UAB Žem ės vystymo fondas 6 Lithuania 100.00% 100.00% Land purchase and rent UAB Žem ės vystymo fondas 9 Lithuania 100.00% 100.00% Land purchase and rent UAB Žem ės vystymo fondas 10 Lithuania 100.00% 100.00% Land purchase and rent UAB Žem ės vystymo fondas 20 Lithuania 100.00% 100.00% Land purchase and rent Grūduva UAB Lithuania 97.41% 97.41% Agricultural operations Agricultural company AUGA Spindulys Lithuania 99.96% 99.96% Agricultural operations Agricultural company AUGA Smilgiai Lithuania 99.95% 99.95% Agricultural operations Agricultural company AUGA Sk ėmiai Lithuania 99.87% 99.87% Agricultural operations Agricultural company AUGA Nausod ė Lithuania 99.94% 99.94% Agricultural operations Agricultural company AUGA Dumšišk ės Lithuania 99.38% 99.38% Agricultural operations Agricultural company AUGA Žadži ūnai Lithuania 99.81% 99.81% Agricultural operations Agricultural company AUGA Mantviliškis Lithuania 98.79% 98.79% Agricultural operations Agricultural company AUGA Alanta Lithuania 99.99% 99.99% Agricultural operations Agricultural company AUGA Eimu čiai Lithuania 99.25% 99.25% Agricultural operations Agricultural company AUGA V ėrišk ės Lithuania 99.93% 99.93% Agricultural operations Agricultural company AUGA Želsvel ė Lithuania 97.17% 97.17% Agricultural operations


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 20
    Agricultural company AUGA Lankesa Lithuania 96.24% 96.24% Agricultural operations Agricultural company AUGA Kair ėnai Lithuania 98.47% 98.47% Agricultural operations Agricultural company AUGA Jurbarkai Lithuania 98.52% 98.52% Agricultural operations Panev ėžys region Agricultural company Gustoniai Lithuania 99.00% 99.00% Agricultural operations ZAO Agroprom Russia 0.00% 75.00% Management of subsidiaries Natur Agro Grup S.R.L. Moldova 0.00 % 100.00% Acquisitions and rent of land Cooperative entity Siesartis Lithuania 100.00% 100.00% Agricultural services Cooperative entity Kaš ėta Lithuania 100.00% 100.00% Agricultural services Agricultural company Gustonys Lithuania 100.00% 100.00% Rent of land Agricultural company Sk ėmių pienininkyst ės centras Lithuania 50.00% 50.00% Agricultural services Cooperative entity Agrobokštai Lithuania 100.00% 100.00% Agricultural services Cooperative entity Dotnuv ėlės valdos Lithuania 100.00% 100.00% Agricultural services Cooperative entity Nev ėžio lankos Lithuania 100.00% 100.00% Agricultural services Cooperative entity Radviliškio kraštas Lithuania 100.00% 100.00% Agricultural services Cooperative entity Šventosios pievos Lithuania 100.00% 100.00% Agricultural services Cooperative entity Kairi ų ūkis Lithuania 100.00% 100.00% Agricultural services Cooperative entity Šiaurin ė valda Lithuania 100.00% 100.00% Agricultural services Cooperative entity Šušv ės žem ė Lithuania 100.00% 100.00% Agricultural services Cooperative company Žalmarg ėlis Lithuania 100.00% 100.00% Agricultural services Cooperative company Juodmarg ėlis Lithuania 100.00% 100.00% Agricultural services Cooperative company AgroMilk Lithuania 100.00% 100.00% Agricultural services Cooperative company Purpur ėja Lithuania 100.00% 100.00% Agricultural services UAB Agrosaul ė 8 Lithuania 100.00% 100.00% Management company Association Gr ūduvos melioracija Lithuania 100.00% 100.00% Agricultural services Biržai distr., Rinkuškiai reclamation infrastructure users association Lithuania 100.00% 100.00% Agricultural services Pasvalys distr., Pušalotas reclamation infrastructure users association Lithuania 100.00% 100.00% Agricultural services Skėmiai reclamation infrastructure users association Lithuania 100.00% 100.00% Agricultural services Vaitiek ūnai reclamation infrastructure users association Lithuania 100.00% 100.00% Agricultural services UAB Traktori ų nuomos centras Lithuania 100.00% 100.00% Agricultural services UAB Traktori ų nuomos paslaugos Lithuania 100.00% 100.00% Agricultural services Arnega UAB Lithuania 100.00% 100.00% Agricultural services AgroSchool OU Estonia 100.00% 100.00% Management of subsidiaries Public institution AgroSchool Lithuania 50.00% 50.00% Human resource management UAB Agro Ramu čiai Lithuania 100.00% 100.00% Agricultural operations UAB Luganta Lithuania 100.00% 100.00% Agricultural operations UAB eTime invest Lithuania 100.00% 100.00% Management of subsidiaries Karakash Agro, OOO Ukraine 100.00% 100.00% Agricultural operations Karakash, OOO Ukraine 100.00% 100.00% Agricultural operations UAB ŽVF projektai Lithuania 100.00% 100.00% Acquisitions and rent of land UAB Bukoni ų ekologinis ūkis Lithuania 100.00% 100.00% Management of subsidiaries UAB Alantos ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Dumšiški ų ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Eimu čių ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Gr ūduvos ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Jurbarkai ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Kair ėnų ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Lankesos ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Mantviliškio ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Nausod ės ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Sk ėmių ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Smilgi ų ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Spindulio ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB V ėrišk ės ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Žadži ūnų ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations UAB Želsvel ės ekologinis ūkis Lithuania 100.00% 100.00% Agricultural operations Turvaste partners OU Estonia 100.00% 100.00% Management of subsidiaries Nakamaa Agro OU Estonia 100.00% 100.00% Management of subsidiaries Hindaste Invest OU Estonia 100.00% 100.00% Management of subsidiaries Tuudi River OU Estonia 100.00% 100.00% Management of subsidiaries Palderma Partners OU Estonia 100.00% 100.00% Management of subsidiaries Ave -Martna Capital OU Estonia 100.00% 100.00% Management of subsidiaries


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 21
    Hobring Invest OU Estonia 100.00% 100.00% Management of subsidiaries Rukkirahhu Capital OU Estonia 100.00% 100.00% Management of subsidiaries Pahasoo OU Estonia 100.00% 100.00% Management of subsidiaries KB Ganiklis Lithuania 100.00% 100.00% Agricultural operations KB Ganiavos g ėryb ės Lithuania 100.00% 100.00% Agricultural operations KB Žem ėpačio pieno ūkis Lithuania 100.00% 100.00% Agricultural operations KB Žemynos pienelis Lithuania 100.00% 100.00% Agricultural operations KB Lygiadienio ūkis Lithuania 100.00% 100.00% Agricultural operations KB Laum ės pieno ūkis Lithuania 100.00% 100.00% Agricultural operations KB Medeinos pienas Lithuania 100.00% 100.00% Agricultural operations KB Gardaitis Lithuania 100.00% 100.00% Agricultural operations KB Dimstipatis Lithuania 100.00% 100.00% Agricultural operations KB Aušlavis Lithuania 100.00% 100.00% Agricultural operations KB Aust ėjos pieno ūkis Lithuania 100.00% 100.00% Agricultural operations KB Aitvaro ūkis Lithuania 100.00% 100.00% Agricultural operations KB Girai čio pieno ūkis Lithuania 100.00% 100.00% Agricultural operations Fentus 10, GmbH Germany 100.00% 0.00% Management of subsidiaries Norus , AG Germany 100.00% 0.00% Management of subsidiaries LT Holding AG Germany 100.00% 0.00% Management of subsidiaries ,,KTG Agrar" UAB Germany 100.00% 0.00% Agricultural operations UAB ,,Agrar Raseiniai" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Mažeikiai" Lithuania 100.00% 0.00% Agricultural operations UAB ,,PAE Agrar" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Delta Agrar" Lithuania 100.00% 0.00% Agricultural operations UAB ,,KTG Gr ūdai" Lithuania 100.00% 0.00% Agricultural operations UAB ,,KTG Eko Agrar" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agronita" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agronuoma" Lithuania 100.00% 0.00% Agricultural operations UAB ,,VL Investment Vilnius 12" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Ašva" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Varduva" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Seda" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Kvist ė" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Luoba" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Gaja" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Ariogala" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Girdžiai" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Vidauja" Lithuania 100.00% 0.00% Agricultural operations UAB ,, Agrar Raudon ė" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Venta" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Nerys" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar G ėluva" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Betygala" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Dubysa" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Pauliai" Lithuania 100.00% 0.00% Agricultural operations UAB ,,Agrar Mituva" Lithuania 100.00% 0.00% Agricultural operations * Ars ingenii, UAB – previously was named AMT Žemė, UAB.
    As at 31 December 2017 the Group had 1,152 employee s, 31 December 2016 – 1,099 employees. Main operations of the
    Group – cultural mushrooms growing and selling, pro duction and sales of milk and different grain and rapeseed crops, as
    well as land management activities.



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 22
    Basis of preparation
    Except as described below, the accounting policies applied are consistent with those of the annual financial statements for
    the year ended 31 December 2016, as described in th ose annual financial statements. Taxes on income in the interim periods
    are accrued using the tax rate that would be applic able to expected total annual earnings.
    The accompanying interim financial information for the period ended 31 December 2017 has been prepared in accordance
    with IAS 34, ‘Interim financial reporting’. The con solidated financial information have been prepared on the historical cost
    basis, as modified by the revaluation of land, inve stment property and biological assets (livestock an d crops). This financial
    information should be read in conjunction with the annual financial statements for the year ended 31 D ecember 2016, which
    have been prepared in accordance with IFRS as adopt ed by the EU.
    The preparation of financial information in conform ity with IAS 34 requires the use of certain critical accounting estimates. It
    also requires management to exercise its judgement in the process of applying the group’s accounting policies. The areas
    involving a higher degree of judgement or complexit y, or areas where assumptions and estimates are sig nificant to the
    consolidated financial information, are disclosed b elow.
    Critical accounting estimates and assumptions
    The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition,
    seldom equal the related actual results. The estima tes and underlying assumptions are reviewed on an o ngoing basis.
    Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only
    that period or in the period of the revision and fu ture periods if the revision affects both current and future periods. The
    estimates and assumptions that have a significant r isk of causing a material adjustment to the carrying amounts of assets
    and liabilities in future periods are addressed bel ow.
    Income taxes
    Tax authorities have right to examine accounting re cords of the Company and its Lithuanian subsidiaries at anytime during
    the 5 year period after the current tax year and ac count for additional taxes and fines. In the opinion of the Group’s
    management, currently there are no circumstances wh ich would raise substantial liability in this respect to the Group.
    The Group has created deferred tax liability on rev aluation amounts of investment property and own ass ets. The applicable
    tax rate used was 15%, as it is planned that assets will be realized (if will be realized) after 2013 when the 15% corporate
    tax effect will be applicable to all Group’s entiti es (except for the agricultural subsidiaries which are currently taxed at lower
    transition tax rate of 5%).
    Biological assets
    Biological assets are measured on initial recogniti on and at each balance sheet date at their fair val ue less estimated costs
    to sell, except for the case where the fair value c annot be measured reliably on initial recognition. Agricultural produce
    harvested from the Group’s biological assets is mea sured at its fair value less estimated costs to sell at the point of harvest
    and subsequently recorded as inventories.
    If an active market exists for a biological asset o r agricultural produce, the quoted price in that ma rket is the appropriate
    basis for determining the fair value of that asset. If an active market does not exist the most recent market transaction
    price, provided that there has not been a significa nt change in economic circumstances between the dat e of that
    transaction and the balance sheet date, is used in determining fair value. Cost is used as an approxim ation of fair value
    when little biological transformation has taken pla ce since initial cost incurrence, e.g. within short time after seeding the
    crop.
    A gain or loss arising on initial recognition of an agricultural produce at fair value less estimated costs to sell and from a
    change in fair value less estimated costs to sell o f a biological asset is included in profit or loss for the period in which it
    arises as “Gain (loss) arising from changes in fair value of biological assets and on recognition at fair value of agricultural
    produce at point of harvest”.
    The Group’s biological assets consist of livestock, crops, mycelium cultivation seedbed and perennial plantations.
    Livestock is measured at fair value less estimated point-of-sale costs. The fair value of milking cows is determined based
    on discounted cash flow method by calculating the r evenues generated by the cow herd over the remainin g usefull life
    and discounting by weighted average cost of capital of the Group. On initial recognition births and weight gains are
    recognised at costs which are proportionally alloca ted from total related costs based on new births an d weight gains and
    at each balance sheet date are measured at their fa ir value less estimated costs to sell. For valuation of other livestock
    the Group calculates the fair value by taking the a verage price of meat per kilo. For young bulls and heifers, the value of


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 23
    livestock is determined by using the market values
    of meat (different for different groups of animals) and multiplying the
    price of 1 kg by the total weight of specific group of animals.
    The Group has changed its accounting estimate for t he valuation of milking cows. In prior year milking cows were valued
    based on expected sales price determined by the Gro up from market participants data. The updated model for milking
    cows fair value calculation was applied perspective ly.
    Crops are measured at their fair value less estimat ed costs to sell. At initial recognition the crops are measured at cost
    as the market-determined values are not available f or such biological assets. The crops are measured at fair value once
    the fair value becomes reliably measurable. Usually the fair value of a crop can be reliably measured only at the point of
    harvest. This does not create a significant limitat ion in valuation of crop balances at year-end, as t he main increase in fair
    value is attributable to the same accounting period when the crop is harvested.
    Business combinations
    In December 2016, the Group started acquisition pro cedues of KTG AGRAR SE subsidiary companies, operat ing in Lithuania
    (KTG group companies) and managing around 7,700 ha of agricultural land. The formal acceptance was received on 13 January
    2017, and the Group finalized the acquisition proce dues on 31 January 2017. Fair value estimation of a cquired KTG group
    companies is provided below.
    Business combination KTG group companies
    Fair value of the group as at
    31 January 2017
    Non-current assets Intangible assets (land rent contracts) 654 PPE 5,239 Biological assets (current) Crops 915 Current assets Trade receivables and other current assets 1,769 Inventory 193 Cash and cash equivalents 44 Long term liabilities Grants (55) Deferred tax liability (133) Financial liabilities (1,869 ) Short term liabilities Other financial liabilities (3,206 ) Trade payables and other current liabilities (4,616 )
    Net assets at acquisition date (1,066 )
    Accounts receivable acquired 2,431
    Acquired share capital and receivables, % 100.0
    Total value of acquired investment 1,365 -
    Consideration paid for shares 478 Consideration paid for receivables 887
    Total purchase consideration 1,365
    Total (negative) goodwill -
    On 9 february 2018 the Group has sold two subsidiar ies - Karakash, OOO and Karakash Agro, OOO which we re operating
    in Crimea. Due to this the Group has reclassified a ll long-term assets and liabilities of these subsidiaries to short-term at 31
    December 2017, as required per IFRS. On 26 february 2018 the Group has finalized acquisition of Raseinių Agra, UAB which
    operates around 5,200 hectares of land. Please see subsequent events note for more details of these transactions.



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 24
    Revenues
    Revenues breakdown by type was the following: 12 month period
    ended 31 December
    2017 2016
    Mushrooms sales 25,479 25,753
    Milk sales 8,205 6,223
    Agricultural sales 14,203 6,825
    Cattle sales 805 811
    Other revenues 92 18
    Total 48,784 39,630
    In 2017 the Group revenues increased by 25% comparing to last year. Most of the increase is related to agricultural sales
    which increased by 206%. This occurred due to the t ransition to organic farming, as most of the sales of organic produce
    are quite evenly divided from the point of harvest until the next summer while conventional produce is mostly sold right
    after the harvest - only 40% of 2016 year’s harvest were sold in 2016, while 80% of 2015 year’s harve st were sold in 2015
    which caused lower sales per 12 months of 2016 comp ared to the same period in 2017. Comparing year to year revenues
    from mushrooms and compost sales stayed approximate ly in the same level. However, in the first 3 months of 2017
    mushroom farm suffered a loss due to temporary prob lems in production, but in the last 9 months the production of
    mushrooms increased and reached the the same level of turnover as last year. Revenues from sales of milk have increased
    due rise of market milk prices. Comparing to 12 mon ths of 2016, milk price has increased by 36%, while the yield decreased
    by 2%.
    Gain (loss) on changes in fair values of biological asset s and on recognition at fair value of
    agricultural produce at point of harvest
    Gain (loss) on changes in fair values of biological assets and on recognition at fair value of agricultural produce at point of harvest breakdown by type was the following: 12 month period
    ended 31 December
    2017 2016
    Live stock (911) (629)
    Agriculture 5,388 (239)
    Total 4,477 (868)
    Gain (loss) on changes in fair values of biological assets and on recognition at fair value of agricultural produce at point of
    harvest consists of 2 segments : livestock and agri culture. The Group has suffered a loss on change in fair value of biological
    assets due to high cost of livestock sold for meat. Gain on recognition at fair value of agricultural produce has increased
    significantly due to transition to organic farming and increased sales prices. In addition to this, in 2017 yields of most
    cultures were higher comparing to the yields of 201 6. However, in the last quarter of 2017 the Group has suffered significant
    losses due to extreme weather conditions, as qualit y of grain harvested in the last quarter of 2017 was poor and part of the
    crops was not harvested at all.
    In 2017 most of the harvest is evaluated based on s igned future contracts. Milk, mushrooms and compost are not recognized
    at fair value at point of harvest, as it is harvest ed and sold on daily basis.
    Cost of sales Cost of sales breakdown by type was the following: 12 month period
    ended 31 December
    2017 2016
    Mushrooms cost of sales 24,499 23,065
    Milk cost of sales 7,607 6,453
    Agricultural cost of sales 14,073 5,865
    Cattle cost of sales 805 1,282
    Other cost of sales - -
    Less: State subsidies (8,972) (8,680)
    Total 38,012 27,985
    The Group cost of sales increased mainly due to increased cost of agricultural sales. Cost of agricultural sales increased in-
    line with sales increase. Cost of mushrooms increas ed due to mushroom production problems in first qua rter of 2017 and
    increased labor costs.


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 25
    Cost of sales (continued)
    Total State subsidies increased due to purchased KT G Agrar group, however in general it has decreased due to the fact that
    in 2017 the Group has fully finished the convertion to organic agriculture and the harvest of 2017 is fully organic for which
    ecological subsidies are lower.
    Operating expenses Operating expenses breakdown by type of expenses wa s the following:
    12 months period
    ended 31 December
    2017 2016
    Payroll expenses 3,089 2,337
    Depreciation of property, plant and equipment 774 647
    Selling expenses 585 367
    Social security expenses 958 724
    Insurance and tax expense 526 472
    PPE impairment 12 -
    Consultations and business plan preparations 689 693
    Rent and utilities 273 168
    Fuel costs 173 137
    Real estate registration and notaries 180 124
    Impairment of accounts receivable - 15
    Transportation costs 198 86
    Fines and late payments 94 128
    Office administration 453 374
    Other expenses 985 742
    Total 8,989 7,014
    Operational expenditures grew due to increased number of employees as a result of business expansion, as well as other
    expenses related to new acquisitions. Additional ex penses included AUGA brand and end-consumer product development,
    marketing investments and export initiatives.
    Other income
    Other income breakdown by type was the following:
    12 months period
    ended 31 December
    2017 2016
    Gain (loss) on sale of investment property - (227)
    Gain (loss) on sale of property, plant and equipment 164 -
    Write-down of liabilities 81 184
    Interest and fines income 93 48
    Insurance benefits 100 32
    Other income (expenses) (132) 90
    Total 306 127
    Interest and fines income has increased due to the sale of Fixed yield investment fund in December, 20 16 which still had
    an outstanding loan balance. The Group has sold a p art of property, plant and equipment acquired with the purchase of KTG
    Agrar group, and recognized a profit of EUR 164 tho usand these sales.
    Financial expenses
    Financial expenses breakdown by type was the follow ing:
    12 months period
    ended 31 December
    2017 2016
    Bank interest expenses 1,207 1,283
    Other interest expenses 456 596
    Currency fluctuation effect (13) -
    Other financial expenses 258 220
    Total 1,908 2,098


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 26
    Financial expenses (continued)
    In 2017 bank interest expenses were lower due decre ased financial liabilities to banks after the sale of Fixed yield investment
    fund in December, 2016. However it also increased a s the Group inherited financial liabilities with acquisition of KTG Group
    companies, additions of property plant and equipmen t financed by financial leasing and increased credit lines to finance
    working capital.
    Fixed assets
    Land Buildings Constructions
    and machinery
    Vehicles,
    equipment and
    other property, plant and
    equipment
    Construction in progress Total
    Carrying amount
    As at 31 December 2015
    27,021 45,004 15,098 2,005 506 89,634
    - additions
    1,122 149 4,848 1,203 673 7,995
    - disposals and write-offs ( 242) ( 66) ( 362) ( 285) (1) ( 956)
    - revaluation 822 - - - - 822
    - depreciation - ( 2,072) ( 3,506) ( 480) - ( 6,058)
    - reclassifications 9,636 ( 635) 635 ( 28) 28 9,636
    - sale of FYIF ( 24,811) - - - - ( 24,811)
    As at 31 December 2016 13,548 42,380 16,713 2,415 1,206 76,262
    - acquired with KTG group companies 1,948 710 1,508 489 - 4,654
    - additions 1,612 253 6,578 971 99 9,513
    - disposals and write-offs (45) - ( 176) ( 20) - ( 241)
    - revaluation 4,807 - - - - 4,807
    - depreciation - ( 2,137) ( 3,931) ( 760) - ( 6,828)
    - reclassifications - 377 90 ( 426) ( 864) ( 823)
    As at 31 December 2017 21,870 41,583 20,782 2,669 441 87,345
    Acquisition cost as at
    31 December 2015
    27,021 49,768 20,784 2,881 506 100,960
    31 December 2016 13,548 49,216 25,905 3,771 1,206 93,646
    31 December 2017 21,870 50, 556 33, 905 4, 785 441 111,557
    Accumulated depreciation and
    impairment losses as at
    31 December 2015 - (4,764) (5,686) (876) - (11,326)
    31 December 2016 - (6,836) (9,192) (1,356) - (17,384)
    31 December 2017 - ( 8,973) (13,123) (2,116) - (24,212)
    Carrying amount as at 31
    December 2015 27,021 45,004 15,098 2,005 506 89,634
    Carrying amount as at 31
    December 2016
    13,548 42,380 16,713 2,415 1,206 76,262
    Carrying amount as at 31
    December 2017 21,870 41, 583 20, 782 2, 669 441 87,345



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 27
    Equity
    The share capital of AUGA Group, AB as at 31 Decemb er 2017 was EUR 54,351 thousand. The share capital is divided into
    187,416,252 ordinary shares. Each issued share has a EUR 0.29 nominal value and fully paid. Each share had usual material
    and intangible rights as per Law on Companies of th e Republic of Lithuania and the Company’s statutes.
    A legal reserve is a compulsory reserve under Lithu anian legislation. Annual transfer of 5% of net profit, calculated in
    accordance with Lithuanian regulatory legislation o n accounting, is compulsory until the reserve including share premium
    reaches 10% of the share capital. The legal reserve can be used to cover the accumulated losses. The l egal reserve of the
    Company equalled EUR 579 thousand as at 31 December 2017 and 31 December 2016.
    During the Annual General Meetings of Shareholders of AUGA Group, AB subsidiaries: AUGA Želsvelė, ŽŪB, AUGA
    Dumšiškės, ŽŪB, AUGA Mantviliškis, ŽŪB, AUGA Skėmia i, ŽŪB, AUGA Smilgiai, ŽŪB, AUGA Spindulys, ŽŪB, AUGA Grūduva,
    UAB, AWG Investment 1, UAB, Baltic Champs, UAB, Agr oschool, OU held in 2017, a decision was made to pay out dividends
    to shareholders. Due to this the Company has receiv ed EUR 20,803 thousand dividend income. In the tabl e below the
    distribution of dividends of each subsidiary is pro vided. By 31 December 2017 there were no other subs idiaries which made
    a decision to pay out the dividends.
    Share-owners share of dividends (%)
    Dividends
    (EUR)
    Share-owners share of dividends (Eur) AUGA
    Group, AB AWG
    investment 1, UAB AVG
    investment,
    UAB AUGA
    Eimučiai,
    ŽŪB Third
    parties AUGA
    Group, AB AVG
    investment
    (Subsidiary) AWG
    investment 1
    (Subsidiary) AUGA
    Eimučiai, ŽŪB
    (Subsidiary) Third
    parties
    AUGA Želsvelė, ŽŪB 98.64% -
    0.31% - 1.05% 2,560,000 2,525,178 7,873 -
    - 26,949 AUGA Dumšiškės,
    ŽŪB 99.25% -
    0.13% - 0.62% 980,000 972,625 1,251 -
    - 6,124
    AUGA Mantviliškis,
    ŽŪB 98.77% -
    0.02% - 1.21% 1,600,000 1,580,270 397 -
    - 19,333
    AUGA Skėmiai, ŽŪB 99.75% -
    0.12% - 0.12% 1,200,000 1,197,047 1,477 -
    - 1,477
    AUGA Smilgiai, ŽŪB 97.84% - - 2.16% - 3,100,000 3,033,083 - -
    66,917 -
    AUGA Spindulys, ŽŪB 99.96% - - - 0.04% 3,600,000 3,598,507 - -
    - 1,493
    AUGA Grūduva, UAB - 98.58% - - 1.42% 4,967,845 - - 4,987,079 - 70,786
    AWG Investment 1,
    UAB 100.00% - - - - 3,000,000 3,000,000 - -
    - -
    Baltic champs, UAB 100.00% - - - - 4,800,000 4,800,000 - - - -
    Agroschool, OU 100.00% - - - - 3,096,000 3,096,000 - - - -
    28,903,485 20,802,710 10,998 4,987,079 66,917 55,37
    5
    Liabilities
    The Group’s long term borrowings consisted of the following:
    As at 31 December
    2017 As at 31 December 2016
    Borrowings from banks
    Mushroom growing companies 5,927 7 905
    Land management entities - -
    Agricultural entities
    10,809 6 558
    Agricultural cooperatives 600 840
    Long-term payment to 3 rd parties
    Long-term payable to the State 1,535 1 687
    Long-term payable to creditors 187 2 345
    Long-term payable to investment fund for purchased land 1,042 1 188
    Total 20,100 20,523
    Less: amounts, payable within one year (according to agr eements) (4,445 ) (3,585)
    Total long term borrowings 15,655 16,938


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 28
    Liabilities (continued)
    The Group owes payable amount to the State of EUR 1,535 thousand for land acquisition made by Group in 2008 - 2014.
    The payable amount to State is over 15 year period.
    The long-term borrowings and payables are repayable as follows:
    As at 31 December 2017 As at 31 December 2016
    Borrowings from banks
    Within second year 5,106 5,147
    Within third and fourth year 9,422
    10,708
    After fifth year and later 1,127
    1,083
    Total 15,655
    16,938
    The Group’s short term borrowings were the following:
    As at 31 December
    2017 As at 31 December 2016
    Borrowings from banks
    Mushroom growing companies 2,400 2,317
    Agricultural entities 997
    -
    Parent company 3,210
    -
    Grain selling entity 7,026
    3,033
    -Total short term borrowings 13,633
    5,350
    Short-term loans from banks include EUR 13,633 thousand (In 2016: EUR 5,350 thousand) credit-line facilities.
    Information on audit
    Consolidated Interim Financial Information of the G roup for the 12 months period ended 31 December 201 7 was not
    audited.


    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 29
    IV. THE NEWEST AND ESSENTIAL EVENTS IN THE ACTIVITY OF THE ISSUER
    The newest events in the activity of the Issuer
    Acquisition of shares of Raseinių Agra, UAB
    On 26 February, 2018 AUGA group, AB has completed the purchase of 100% share of UAB Raseinių agra for EUR 2.4 million.
    Share sale and purchase agreement was signed on 10 November 2017, as per released notification on material event. UAB Raseinių agra was established in October 2017 as a result of spin-off procedure from UAB Agra Corporation, shareholders of which decided to withdraw from agricultural business and to focus in the area of investment propert y management. UAB
    Raseinių agra manages around 5,200 ha of agricultur al land. The preliminary fair value estimation of UAB Raseinių arga is
    as follows:
    Business combination Raseinių Agra, UAB
    Fair value as at
    31 January 2018
    Non-current assets Intangible assets (land rent contracts) 2,091 PPE 2,997 Current assets Inventory 629 Trade receivables and other current assets 572 Cash and cash equivalents 365 Long term liabilities Financial liabilities (2,178 ) Borrowings from AGRA companies (1,273) Deferred tax liability (19) Short term liabilities Other financial liabilities (314 ) Trade payables and other current liabilities (435)
    Net assets at acquisition date 2,435
    Acquired share capital and receivables, % 100.0
    Total value of the acquired investment 2,435
    Cash paid for shares at the time of the purchase 2,000 Outstanding amount payable on August, 2018 435
    Total purchase consideration 2,435
    Total (negative) goodwill -
    Acquisition of shares of Arginta Engineering, UAB
    On January 22, 2018 AUGA group, AB signed the share sale and purchase agreement to acquire 100% share capital of UAB
    Arginta Engineering for EUR 6.4 million. UAB Argint a Engineering specializes in the design and production of customized
    metal constructions: prototype equipment, transform er components, conveyer and lifting equipment, mach inery for paper
    processing, energy production, agriculture and othe r industries. The company’s main customers are mult inational
    engineering companies abroad; 98% of its production is exported. The acquired production base, know-how, experience
    and team of professionals will allow AUGA group, AB to develop innovative equipment, machinery and uni que technological
    solutions for a clean and sustainable food supply c hain.



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 30
    Sale of shares of Karakash Agro OOO
    On 9 february 2018 the Group has sold two subsidiar
    ies - Karakash, OOO and Karakash Agro, OOO which we re operating
    in Crimea. The details of the result of the Group‘s subsidiaries disposal is as follows:
    Disposal of subsidiaries Karakash Agro OOO
    Carrying value of the investment
    Non-current assets Property plant and equipment (as at 31 December, 2017 in Group’s financial
    statements reclassified to current assets) 824
    Current assets
    Biological assets (Current) 512
    Inventory 442
    Trade receivables and other current assets 593
    Cash and cash equivalents 3
    Long term liabilities
    Financial liability to eTime Invest, UAB (2,568)
    Short term liabilities
    Trade payables and other current liabilities (1,307)
    Net assets at disposal date (1,501)
    Sold share capital, % 100.00
    Price for shares 500
    Total (loss) gain from sale of shares 2,001
    Sold eTime Invest, UAB claim rights to Karakash Agro, OOO (2,568)
    Account receivable outstanding for sold claim right s 2,568
    Total (loss) gain from sale of claim rights -
    Total (loss) gain on transaction 2,001
    Regarding the decision of the Supervision Service of the Bank of Lithuania
    Under the Decision No. 241-59 of 3 April 2017 of th e Supervision Service of the Bank of Lithuania (herein – Decision) AUGA
    group, AB, was obliged to ensure that no later than before 1 October 2017 the fair value of 100% block of shares of UAB eTime
    Invest (herein – Assets), which was used as the pay ment for a part of the authorised capital of AUGA group, AB, is re-evaluated.
    Should it be established that the shares of AUGA gr oup, AB, are not fully paid up, to ensure that this situation is rectified
    retrospectively according to the requirements of th e law.
    In order to perform the instructions provided in th e Decision, the Company ordered evaluation of the A ssets. Company received
    Assets valuation report from UAB „Newsec Valuations “ 2017.10.02, whereunder the true / market value of the Assets on the
    date of their acquisition (15.04.2017) is 16,900,00 0 litas. Given that the value of the Assets under the latter evaluation is not
    less than the value of 12.03.2014 valuation report of UAB „Oberhaus Nekilnojamasis turtas“, on the bas is of which part of the
    Company‘s authorised capital was paid up in 15.04.2 014 (value of the Assets under Oberhaus valuation – 16,700,000 litas), it
    is deemed that the shares of the Company are duly a nd fully paid up in accordance with the requirements of the applicable
    laws.
    Completion of transition to organic farming
    In August 2017, agricultural companies of AUGA grou p, AB have successfully completed transition to organic farming, which
    commenced in 2015, and have received European organ ic farming certificates. Henceforth, crops and milk produced by the
    companies are certified as organic and will be used to produce new organic food products.
    Acquisition of KTG AGRAR Lithuanian operations
    As it was discussed earlier the Group finalized the acquisition procedures of KTG AGRAR SE subsidiary companies on 31
    January 2017 managing around 7,700 ha of agricultur al land.



    AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania
    FINANCIAL INFORMATION
    (All amounts are in EUR thousand, unless otherwise stated)
    Consolidated unaudited interim financial informatio n and interim report for the 12 month period ended 31 December 2017 31
    Changes in the governing bodies of the Group
    On 31 January 2017, the Group’s shareholders change
    d the statutes of the Company and reduced the numbe r of Supervisory
    Board members from 5 to 3 (electing former members Vladas Lašas, Rimantas Rudzkis and Liudas Navickas as new
    Supervisory Board members) and decreasing number of Board of Directors members from 7 to 5. On 8 February 2017, the
    Supervisory Board elected Kęstutis Juščius, Agnė Jo naitytė, Linas Bulzgys, Marijus Bakas, and Linas Strėlis as new members
    of Board of Directors.
    Material events over January 2017 – February 2018:
    The Company informs of all material events over the CNS system of NASDAQ OMX VILNIUS stock Exchange an d on the
    ESPI information system which is operated by Polish FSA, as well as on Electronic Information Base which is operated by
    Warsaw Stock Exchange.
    Announce
    ment date
    Announcement header
    09.02.2018 23.01.2018 23.01.2018 11.01.2018 12.12.2017 30.11.2017 30.11.2017 20.11.2017
    Subsidiary of AUGA group, AB sells shares of OOO Ka rakash Agro
    AUGA group, AB seeks to raise up to EUR 20 million of additional share capital through a public offering by the middle of 2018 AUGA group, AB acquires shares of UAB Arginta Engin eering
    Dates of periodic information disclosure of AUGA Gr oup, AB for the year 2018 (investor calendar)
    AUGA group extends assortment – organic chicken, fl our and oil are introduced to market
    During the first three quarters AUGA group‘s gross profit increased more thant two times
    Interim information AUGA group, AB for the 9 months period ended 30 September 2017
    AUGA group, AB meets with the Investors Association 10.11.2017 AUGA group, AB acquires shares of UAB Raseini ų Agra 06.11.2017 Decisions of extraordinary shareholders meeting of AUGA group, AB which took place 6 November 2017 13.10.2017 Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 06 Nov ember 2017 09.10.2017 Regarding the decision of the Supervision Service of the Bank of Lithuania 31.08.2017 Interim information AUGA group, AB for the period of 6 months ended 30 June 2017 28.08.2017 Completion of transition to organic farming 11.08.2017 AUGA group, AB has signed a Market Maker Agreement with UAB FM Į “Orion Securities” 08.06.2017 Regarding the Decision by the Supervision Service of the Bank of Lithuania 31.05.2017 Interim information AUGA group, AB for the 3 months period ended 31 March 2017 05.05.2017 Bank of Lithuania imposes penalty on the general manager 28.04.2017 AUGA group, AB Annual information for the year 2016 28.04.2017 Decisions of ordinary shareholders meeting of AUGA group, AB which took place on 28 April, 2017
    27.04.2017 Draft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017 (AMENDED) 07.04.2017 Regarding the decision of the Supervision Service o f the Bank of Lithuania
    06.04.2017 Draft decisions of ordinary shareholders meeting of AUGA group, AB which will take place on 28 April, 2017 06.04.2017 Notice on Convocation of the ordinary General Meeting of Shareholders of AUGA group, AB on 28 Apr il, 2017 04.04.2017 Notification on the acquisition of voting rights, AUGA group, AB
    28.02.2017 AUGA group, AB interim unaudited financial informat ion for 12 months ended 31 December 2016 08.02.2017 Appointment of new management board of AUGA group
    08.02.2017 Resolutions of AUGA group, AB, with regard election of Chairman of Supervisory Board, election of memb ers of Management Board and Chairman of Management Board 31.01.2017 AUGA group, AB has completed acquisition of KTG AGRAR SE subsidiary co mpanies 31.01.2017 Decisions of extraordinary shareholder‘s meeting of AUGA group, AB which took place on 31st January , 2017
    13.01.2017 AUGA group, AB has received a permission of the Com petition Council of the Republic of Lithuania to execute a concentration and acquire KTG AGRAR SE companies 09.01.2017 Notice on Convocation of the extraordinary General Meeting of Shareholders of AUGA group, AB on 31 Jan uary, 2017 09.01.2017 Draft decisions of extraordinary shareholder‘s meeting of AUGA group, AB which will take place on 31st January, 2017


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