LUFAPAK B.V.Liquidiert

Lufapak B.V. s Heerenberg

Neuwied

Report on the annual acounts 2011/2012 for publication purposes

Index

Balance sheet 31. Juli 2012

Notes

Notes to the items of the balance sheet

Notes to the profit and loss account

Signing of the financial statements

BALANCE SHEET AS AT JULY 31, 2012

(after appropriation of result)

assets

Notes

Activities

The activities of Lufapak B.V. primarily consists of the distribution of various products, mainly for motor vehicles.

Accounting policies in respect of the valuation of assets and liabilities

General

The financial statements have been prepared in accordance with Title 9, Book of the Netherlands Civil Code and denominated in euro.

The financial statements have been prepared by applying the historical cost convention. Unless disclosed otherwise in the accounting principles for the specific balance sheet item, assets and liabilities are presented at face value.

Income and expenses are accounted for on an accrual basis. Profit is only recognized when realized on the balance sheet date. Losses originating before the end of the financial year are taken into account if they have become known before preparation of the financial statements

Tangible fixes assets

Tangible fixed assets are presented at historical cost less accumulated depreciation. Depreciation is based on the estimated useful life and calculated as a fixed percentage of cost, taking intoaccount any residual value.

Financial fixes assets

Where significant influence is exercised participation in non-consolidated group companies are valued under the net asset value method, but not lower than a nil value. This net asset value is based on the same accounting principles as applied for the annual report.

Other receivables are valued at costs and if applicable less impairments in value. With the valuation of participations any impairment in value is taken into account.

Receivables

Upon initial recognition the receivables are recorded at the fair value and subsequently valued at the amortized cost. The fair value and amortized cost equal the face value. Provisions deemed necessary for doubtful accounts are deducted. These provisions are determined by individual assessment of the receivables.

Accounting policies in respect of result determination

General

The profit or loss is the balance of the turnover value of the goods provided and services rendered on the one hand and the costs and other expenses for the year on the other and profits on transactions are recognized in the year they are realized; losses are recognized when foreseen.

Net turnover

The net turnover in the profit and loss account represents amounts invoiced for goods and services supplied during the financial year under report, net of discount and value added taxes.

Cost of sales

The costs of sales are recognized at costs.

Result from participations in group and affiliated companies

The share in the profit or loss from participating interest represents the group's share in the performance of these participations, and the interest on the loans issued to these participations, taking account of related taxes. The profits or losses from the participations generated or incurred form the time of their acquisition or disposal is included in group performance.

Taxation

Corporation tax is calculated at the standard rates, taking into account fully and partially allowable items for tax purposes.

Notes to the items of the balance sheet

assets

A. Assets

I. Fixed assets

1. Tangible fixed assets

Depricition rate is 11%

II. Financial fixed assets

Included under this heading are the following participating interests:

There is no interest over the receivable. There is no agreement regarding redemption and securities.

liabilities

A. Shareholders equity

The authorised capital from Lufapak B.V. is € 100.000, divited into 1.000 ordinary shares of € 100. The issued share capital is € 20.000.

The issued share capital has not changed durig the financial year.

I. Issued share capital

II. Other reserves

The result of the year has completely been allocated to the other reserves.

Off-balance sheet commitments

Rental agreements

The company has signed a rental agreement for the use of the building on Weteringstraat 17 in 's-Heerenberg. The rental costs were € 3.000 in the financial year.

Notes to the profit and loss account

4. Wages, salaries and social security charges

Avarage number of employees:

There were 7 part-time employees employed during the years 2011/2012 and 2010/2011.

Signing of the financial statements