Annual Report

Astarta Holding N.V.Astarta Holding N.V. Consolidated financial statements as at and for the year ended 31 December 2011(in thousands of Euros) Tarasivske NikaZhytnytsyaPodillyaRecognised fair value at acquisitionChervonaValmer ZdobutokNivaZirkaNon-current assetsProperty, plant and equipment 258 3 123 - 844 641 209 437 44 217 1,189Construction in progress - - - - 141 - 23 - - - 14Non-current biological assets 213 - 7 - 30 - 1 6 - - 315Intangible assets 158 114 135 206 319 60 171 - 204 - 858Current assetsInventories 143 197 270 - 358 22 61 17 4 12 314Current biological assets 562 - 437 135 245 81 160 - 39 98 1,429Trade accounts receivable 12 - 14 - 8 1 49 - - - 52Other accounts receivable andprepayments 3 148 438 33 14 3 1 163 - - 115Cash and cash equivalents 5 - 44 - 958 1 64 - - - 14Non-current liabilitiesNon-controlling interest (24) - (41) - (1) - - (7) - - (28)Long-term loans and borrowings - - - - - - - - - - -Other long-term liabilities (123) - (41) - - - (27) (51) (13) - (166)Deffered tax liabilities - - - - - - - - - - -Current liabilitiesShort-term loans and borrowings - - - - - - - - - - -Trade accounts payable (16) (1) (147) - - (28) (9) - (1) (15) (782)Other liabilities and accounts payable (13) (387) (1,116) (84) (202) (2) (22) (34) (1) - (110)UkraineLan-InvestOriyZoryaNet identifiable assets, liabilities andcontingent liabilities 1,178 74 123 290 2,714 779 681 531 276 312 3,214Non-controlling interest - - - - - - - - - - -Excess of net assets acquired overconsideration paid 983 - 68 - 960 58 511 527 61 276 2,160Goodwill on acquisition - (13) - (188) - - - - - - -Consideration paid (195) (87) (55) (478) (1,754) (721) (170) (4) (215) (36) (1,054)Cash acquired 5 - 44 - 958 1 64 - - - 14Net cash outflow (190) (87) (11) (478) (796) (720) (106) (4) (215) (36) (1,040)94