Financial Indicators

* Explanation of rates and indicators:

Adjusted EBITDA = Earnings before interest, tax, depreciation and amortization, gains and losses from investment property revaluation

Adjusted EBITDA margin = Adjusted EBITDA (in a 12 month period) / revenue (in a 12 month period) * 100%

Net profit margin = Net profit (in a 12 month period) / revenue (in a 12 month period) * 100%

Return on equity (ROE) = profit or loss after tax (in a 12 month period) / value of equity at the period end * 100%

Return on assets (ROA) = profit or loss after tax (in a 12 month period) / value of assets at the period end* 100%

Total liquidity ratio = current assets at the reporting date / current liabilities at the reporting date

Market value of investment properties – annual valuation results, as presented in annual reports

Contractual rent fee per annum – a monthly fee provided in the investment property lease agreement, multiplied by 12 months

Investment property profitability according to market value – contractual rent fee divided by investment property market value