evopro Systems Engineering Kft. Zweigniederlassung GermanyLiquidiert

evopro Informatikai és Automatizálási Kft.

Budapest

Jahresabschluss zum 31. Dezember 2012

BALANCE SHEET TYPE "A"

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BALANCE SHEET TYPE " A " ASSETS

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BALANCE SHEET TYPE " A " SOURCES

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PROFIT AND LOSS STATEMENT TYPE "A "

(Total cost method)

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Supplementary Annex of evopro Informatikai és Automatizálási Kft. for Annual Report of Financial Year 2012

Evopro Informatikai és Automatizálási Kft. started its activities on 17th August 2001. The main Tine of activity of the Company is unique software-development and professional consultancy registered under 62.01 SZJ. The venture works within the frameworks of a limited liability company; the equity capital equals HUF 21,000 th.

Headquarter and registered offices of the Company as of 31.12.2012:

Registered office of the Company: 1116 Budapest, Hauszmann Alajos u. 2.

Registered office of the Company: 1116 Budapest, Hauszmann Alajos u. 3/A.

Branch establishments of the Company:

4032 Debrecen, Köntösgát sor 1-3.

8474 Csabrendek, topographical lot number 1401

9025 Györ, Erkel Ferenc u. 8.

6000 Kecskemat, Kiskörösi tit 12.

3526 Miskolc, Arany Janos tér 1.4-5.

AT-1140 Wien, Linzerstrasse 421a/3/5

DE-91522 Ansbach, Heilig-Kreuz-Str. 2a

Shareholder of the Company as of 31 December 2012:

The present supplementary annex includes information - in accordance with Art. 16 (5) of the Act on Accounting - that are important as far as communication to the public is concerned. Importance has been determined on the basis of the cost-benefit principle.

The balance sheet was compiled on 17 May 2013.

At evopro Kft. the enterprise commissioned with the management and control of accountancy services is synergies Kft., namely Ms Krisztina Santa as the person responsible for these duties (2010 Szigetszentmlklös, Szabo utca 19/1., registration number as certified public accountant: 147753).

The registered accountant of evopro Kft. Is Ms. Maria Paisna Takacs (registration number. 004512) (Rödl & Partner Kft. address: 1062 Budapest, Andrassy tit 121., registration number. 001097).

Accountancy fee for the actual fiscal year is EUR 7,650 + 5% expense allowance.

1. Accounting Policy

1.1. When developing its accounting policy the Company has considered the basic principles of the Act on Accounting. This ensures that the report of the Company provides a realistic picture of the current financial and fiscal situation of the Company, and the future plans are also outlined based on the actual situation.

1.2. Evopro Kft. compiles an "A" type balance sheet.

1.3. Evopro Kft. manages its book-keeping by double entry. The account groups, accounts, subaccounts and detailed accounts handed out for accounting, as well as their codes and names are summarized in the chart of accounts. The chart of accounts and the system of accounts (with words) make it possible together that the Company can manage its books in accordance with the provisions of the Act on Accounting.

1.4. Arising costs are primarily recorded in account class no. 5. Account dass no. 5 with its adequate layout ensures that both internal and external information is available.

1.5. Within the frameworks of extraordinary income and expenses such items are indicated that are not connected to the usual business activities, or that are not considered as usual as a result of their value or amount. It should be decided during the itemized review of economic activities which of them are to be brought forward to the group of extraordinary expenses or extraordinary earnings.

2. Assessment procedures

The assessment principles applied at the compilation of previous year's balance sheet have not changed.

The conversion of assets and liabilities denominated In foreign currency to Hungarian forints has been performed at the official exchange rate published by the Central Bank of Hungary.

The Company has to keep analytical records about trading accounts receivables and supplier liabilities. The obligation to keep analytical records of wages and other staff costs is met within the frameworks of the pay-roll accounting.

In order to filter out the influence of economic activities affecting two or more years exerted to the results, accruals and prepayments accounts are used.

The Company can currently report about a sound market situation. It tries to make use of this in a way to maintain and increase its market positions by increasing the quality of its activities.

There were no factors or circumstances inconsistent with the continuation of the entrepreneurial activities when compiling the balance sheet.

2.1 Fixed Assets

2.1.1. Intangible assets and tangible assets

The enterprise has to run quantitative analytics about intangible and tangible assets continuously and reconcile them with the general ledger accounts; this is to be regarded as obligatory on the balance sheet dale. The fixed assets analysis is included under Annex no. 1.

In the case of tangible assets and the accounting of the linear depreciation planned at the acquisition (deployment) of the such assets the depreciation rate of the acquired laptops and notebooks is written of to the extent of 50% as a result of the fast deterioration and obsolesence.

If, In the case of tangible assets of high importance from the viewpoint of the entrepreneur, a significant change has taken place in the circumstances (the time of utilization of the asset In question, the value or the expected residual value thereof) considered in the determination (planning) of the depredation to be accounted for at an annual basis, extraordinary depreciation has to be recorded.

Also extraordinary depreciation is to be accounted for in the case of intangible assets or tangible assets if

Extraordinary depreciation is to be exercised to an extent that Intangible assets, tangible assets and investments are indicated in the balance sheet in accordance with their applicability and the market value valid (known) at the balance sheet date. If the intangible asset, tangible asset or investment cannot be used properly or is useless, destroyed or not found, then such asset or Investment has to be cancelled from intangible assets, tangible assets and investment - after having accounted for the extraordinary depreciation.

Planned or extraordinary depreciation cannot be accounted for in connection with intangible or tangible assets already written off, or ones that have already achieved the planned residual value. No hazardous waste has been generated from the activities of the Company.

2.1.2. Financial Investments

2.1.2.1. Long-term shares in affiliated enterprises

Evopro Kft. During 2012 acquired business share as founding party in Wake-Perfect Kft. The

Company registers this permanent share in the value of HUF 100,000 as of 31 December 2012.

2.1.2.2 Other long-term loans provided

The Company has given long-term loans for its employees In the amount of HUF 1,989 th, the Instalment due within a year is listed under other receivables

2.2.2. Current Assets

2.2.1. Inventories

2.2.1.1. Unfinished production, semi-finished products

A stock in the value of HUF 634,052 th is registered by the enterprise among unfinished services.

2.2.1.2. Goods, mediated services

Within goods the following are accounted: spare parts necessary for the activities of the Company as of the balance sheet date In the amount of HUF 43,770 th, assets to be re-invoiced and subcontractors' performance charged forward in year 2013 in the amounts of HUF 33,888 th and HUF 346,000 th respectively, and deposit refundable packaging in the amount of HUF 180 th.

2.2.2. Receivables

2.2.2.1. Liabilities from the transport of goods and services (customers)

Trading accounts receivables on the balance sheet date:

The Company indicates trading accounts receivables at the invoiced values. The assessment of receivables denominated in foreign currencies has been performed at the exchange rate of the Central Bank of Hungary valid on the balance sheet date.

The enterprise accounted for with an impairment of 50% for debts outstanding for at least 181 days in the amount of HUF 21 829 th.

2.2.2.2. Receivables from associated company

The accounts receivable from associate companies amounted at HUF 353 407 th, including HUF 352 068 th, arising from transport of goods, and the provision of services. Whereas HUF 1339 th arises from receivables from associated company

The amount of accounts receivable from associated companies on the balance sheet date

22.2.3. Other Receivables

Other Receivables as of the balance sheet date:

2.2.3 Cash and bank

Cash: in year 2011 it amounted at HUF 3,090 th, whereas in year 2012 HUF 3,994 th.

In year 2011 bank balances amounted at HUF 839,867 th, whereas in year 2012 HUF 439,293 lb.

The assessment of other receivables took place on the basis of the book value. The assessment of receivables denominated in foreign currencies has been performed at the exchange rate of the Central Bank of Hungary valid on the balance sheet date.

2.2.4. Prepayments

Prepayments are indicated at book value.

2.3. Shareholders' equity

Assets analysis of shareholders' equity

figures in thousand HUF

2.3.1 Tied-up reserve

from the taxed earnings (HUF 514 832 th) HUF 500,000 th will be paid for the shareholders in the form of a dividend.

2.4. Liabilities

2.4.1. Provisions

No provisions have been made at the Company under the tide of expected budget obligations.

2.4.2. Long-term Liabilities

The Company has no long-tern liabilities.

2.4.3. Down payments from customers

The amount of prepayments received by the Company from its customers amounted at HUF 9,967 th in 2011, whereas HUF 0 th on the balance sheet date.

2.4.4. Liabilities from the transport of goods and services (Suppliers)

Suppliers on the balance sheet date:

Liabilities are reported by the enterprise in the amount invoiced. The assessment of liabilities denominated in foreign currencies has been performed at the exchange rate of the Central Bank of Hungary valid on the balance sheet date.

2.4.5. Short-term liabilities to associated company

Liabilities to associated companies have been generated partly from member loans, partly for the prescription of dividend payable on In accordance with the resolution of the members' meeting, and from supplier liabilities towards associate companies.

24.6. Other short-term liabilities

Subsidies received from the budget

In year 2007 evopro Kft. submitted a successful tender for non-refundable subsidy, within the frameworks of the NKHT Jedlik Anyos Pblyazat, in the topic of research and development. The subsidy prepayments received within the frameworks of the tender are registered among the other liabilities until the settlements closing the tender.

The accounts payable have been indicated on the basis of the book value. The assessment of liabilities denominated in foreign currencies has been performed at the exchange rate of the Central Bank of Hungary valid on the balance sheet date.

2.5. Accruals

Germany

Accruals have been indicated on the basis of the book value.

3. Profit and loss account related additions

3.1. Total Sales

Revenue from Company sales, distributed on the basis of countries:

Total Sales as per the balance sheet date:

The enterprise has received no subsidies related to export.

3.2 Value of work performed by the undertaking for its own purposes and capitalized: in 2011 HUF 325 524 th in 2012 HUF 335 499th

Variation in stocks of finished goods and in work in progress HUF 323 648 th

Capitalized value of self constructed assets HUF 11 851 th

3.3 Other revenues: in 2011 HUF 65 278 th in 2012 HUF 777 214 th

3.4 Material type costs and expensses: in 2011 HUF 2 544 744th in 2012 HUF 3972 475 th

3.5. Wage and headcount data of employees

3.6 Allowance for depreciation: in 2011 it amounted at HUF 165 404 th, in 2012 at HUF 136 058 th

This financial year the directors have received a remuneration of HUF 30.300 th.

3.7 Other expenditures amounted at HUF 270 835 th, in 2012 at HUF 664 677 th

3.8 Income from financial transactions in 2011 it amounted at HUF 176 231 th, in 2012 at HUF 133 911 th

3.9 Expenses on financial transactions in 2011 it amounted at HUF 140 556 th, in 2012 at HUF 225912th

3.3. Extraordinary revenues and costs

3.3.1 Extraordinary revenues

Evopro Kft. had no extraordinary income in the actual fiscal year.

3.3.2. Amount of extraordinary costs and expenses: in year 2011 it amounted at HUF 6,058 th, whereas in year 2012 HUF 87,848 th., including support provided to foundations.

4. indicators

4.1.Assets position indicators

4.1.1. Fixed assets ratio

Fixed assets / (Fixed assets + Current assets + Prepaid expenses and accrued Income)

The value of fixed assets decreased, their ratio, however, within assets increased by a small degree

4.1.2. Current assets ratio

(Current assets + Prepaid expenses and accrued Income) / (Fixed assets + Current assets + Prepaid expenses and accrued income)

The ratio of current assets within all assets increased year on year.

4.1.3. Rate of shareholder's equity in all liabilities

Total equity / Total liabilities

The ratio of equity decreased significantly among total liabilities, while the ratio of payables went up.

4.1.4. Value of current assets financed through own funds

(Current assets + Prepaid expenses and accrued income - Current liabilities)

The value of current assets financed through own funds increased this year owing to the increase of the number of projects with high asset demand.

4.1.5. Current assets to equity ratio

(Current assets + Prepaid expenses and accrued income - Current liabilities) / Equity

4.1.6. Equity to issued capital ratio

Equity/ issued capital

5. Registered offices

5.1. Germany

The registered office of evopro Kft. in Germany. evopro Kft. Zweigniederlassung Deutschland (DE-91522 Ansbach, Heilig-Kreuz stasse 2a.). Major economic figures of the registered office as of the balance sheet date:

5.2. Austria

The registered office of evopro Kft. in Austria: evopro Kft. Zweigniederlassung Wien (AT-1030 Wien, Linzerstrasse 421/a1315.). Major economic figures of the registered office as of the balance sheet date:

6. Determinina corporate tax

When determining the tax base of evopro Kft. for financial year 2012 the following items modified the earnings before taxes:

Calculation of corporate tax

31.12.2012

7. Supplementary information:

7.1. Spin-off

In 2012 evopro Kft. underwent a transformation, and there was a spin-off with respect to the areas representing the research and development business lines of the Company. The companies established by means of the spin-off are evopro Bus Kft and Evopro Innovation Kft. The transformation was registered by the Registry Court on 12th October 2012. The ownership structure of the company established by means of the spin-off is the same as that of the legal predecessor evopro Kft.

In the course of the secession agreements belonging to the R & D areas, as well as tender documentations linked to R & D areas were taken over by the companies established with the spin-off.

The statement of assets for the spin-off can be found under Annex No. 2.

7.2 Balances revealed in the previous year

In the course of 2012 the Company revealed that a certain part of the economic events relevant to the previous year had not been processed, thus were not included in the report for year 2011. The effect of the balances revealed exceeds 2% of the balance sheet footing, thus in the report of year 2012 pertaining to the Company these balances are shown separately, in the central column of the balance sheet and the profit and loss statement, respectively.

The economic event causing the difference:

Changes in the balance sheet lines deriving from the following:

7.3 Business line sale

In year 2012 the sale of the systemtest business line of the company was a major event.

The systemtest business line of the Company was sold on 01.07.2012. evopro Kft had the following income and costs arising in connection with the business line sale:

The Company - in the second part of the year - mediated the output of the systemtest branch to the dient as the primary contractor, but from 2013 on it results in a sales turnover deficiency of HUF 2 billion annually as a result of the business line sale.

Annex no. 1: Invested assets movements table

Annex no. 2 Distribution of assets balance sheet

List of Assets and Liabilities

BALANCE SHEET - Assets

BALANCE SHEET - Liabilities

CASH-FLOW STATEMENT

Annex no. 3 - Cash-flow statement