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Report on Activities

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CONSTRUCTION BACKLOG INDICATOR – CBI<br />

Enem<strong>on</strong>a AD is the first public c<strong>on</strong>structi<strong>on</strong> company in Bulgaria to publish the indicator<br />

C<strong>on</strong>structi<strong>on</strong> Backlog Indicator – CBI <strong>on</strong> a c<strong>on</strong>solidated basis.<br />

As of June 30, 2012, the C<strong>on</strong>structi<strong>on</strong> Backlog Indicator – CBI of Enem<strong>on</strong>a <strong>on</strong> a c<strong>on</strong>solidated<br />

basis totals BGN 143milli<strong>on</strong>, a 9.16% increase as compared to the end of 2011.<br />

The C<strong>on</strong>structi<strong>on</strong> Backlog of c<strong>on</strong>tracts already signed is estimated as a difference between<br />

the total value of all c<strong>on</strong>structi<strong>on</strong> c<strong>on</strong>tracts signed as at a certain moment (both currently<br />

under executi<strong>on</strong>, and for future executi<strong>on</strong>) and the amount of the revenue already recognized<br />

under IAS 11. The indicator is sector orientated and shows the revenue from c<strong>on</strong>structi<strong>on</strong><br />

c<strong>on</strong>tracts, which the Group of Companies can expect in the future if no more c<strong>on</strong>tracts are<br />

signed.<br />

This document is a translati<strong>on</strong> of the original Bulgarian text, in case of divergence the Bulgarian text shall<br />

prevail.<br />

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