ANNUAL REPORT 2021

71 19 13 CAPITAL AND RESERVES Share capital As at 31 December 2021, the share capital comprised 2 384 135 ordinary shares (31 December 2020: 2 384 135 ordinary shares), with a face value of EUR 34 each, fully paid as at 31 December 2021 and 31 December 2020. The share capital was registered with the Commercial Register. Legal reserve fund The legal reservefundmay not be distributedamong theshareholders. It is designedto coverfuture lossesfrom operations andto increasetheshare capital in accordance with valid regulations. Foreign currency translation reserve The foreign currency translation reserve includes all foreign exchange losses arising from the translation of financial statements of foreign operations that are not an integral part of the Group’s operations in the amount of EUR 32 thousand (31 December 2020: EUR - 284 thousand). 14 INTEREST-BEARING LOANS AND BORROWINGS 31 Dec 2021 31 Dec 2020 Loans 74 923 977 63 050 578 Interest - bearing liability to the parent company and ultimate owners 12 123 900 17 655 226 Overdraft facilities 29 621 194 17 445 511 Obligations under finance leases 9 852 109 7 601 258 Total interest-bearing loans and borrowings 126 521 180 105 752 573 Loans by currency: EUR - Fixed interest rate 25 990 294 33 594 509 EUR - Floating interest rate 89 451 300 62 748 177 USD - Floating interest rate 658 743 906 408 CZK - Floating interest rate 280 931 134 627 PLN - Fixed interest rate 287 803 767 594 Total 116 669 071 98 151 315 Repayments of loans are scheduled as follows: Within one year 84 923 319 57 144 409 More than one year, less than two years 14 560 058 21 027 143 More than two years, less than three years 14 300 511 2 828 556 More than three years, less than four years 1 399 186 14 215 040 More than four years, less than five years 1 056 500 1 436 885 More than five years 429 497 1 499 282 Total 116 669 071 98 151 315 Current portion Loans and borrowings 84 923 319 57 144 408 Obligations under finance leases 2 204 539 1 555 512 Total 87 127 858 58 699 920 Non-current portion Loans and borrowings 31 745 752 41 006 907 Obligations under finance lease 7 647 570 6 045 746 Total 39 393 322 47 052 653 As at 31 December 2021, bank loans and borrowings of EUR 67 743 thousand and of EUR 48 926thousand were secured and not secured, respectively. Theprovidedbank loansandborrowingsweresecuredover immovableandmovableassetsoftheGroupwithacarrying amountof EUR 58749thousand (see Note 6),trade receivables with acarrying amount of EUR 16 809thousand (see Note 11). Part of loans issecured by blank promissory notes. Interest rates of loans and borrowings: EUR - Fixed interest rate 1.00% - 2.50% EUR - Floating interest rate 1M, 3M, 6M, 12M EURIBOR, EONIA + (1.20% p.a. - 1.50% p.a.) CZK - Floating interest rate PRIBOR + 0.75% p.a. USD - Fixed interest rate 3.00% USD - Floating interest rate 12M LIBOR + 1.00% p.a. PLN - Fixed interest rate 0% The fair value of loans and borrowings approximates their carrying amount. The fair value represents cash flows discounted with the interest rate that, according to the assumption of the Group’s management, may be collected on the reporting date. As at 31 December 2021, the Group had the amount of EUR 27 920 thousand in the form of undrawn loan commitments in respect of which all the conditions for drawing have been fulfilled. Group management is in contact with the financing banks regarding compliance with the requirements of concluded loan agreements. Due to the reported results of operations for the first half - year, the Company was unable to comply with the financial covenants as at 30 June 2021 under the loan agreements. The financing banks granted the Company an exemption as regards non - compliance at that date, and thus waived all their rights under the existing loan agreements in this respect. As at 31 December 2021, the Company complied with all monitored financial covenants. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)