Board of Directors of Neurosoft SA approves 2011 Financial Results part 3/3

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2011

ote Rev enues Cost of services Gr oss profit/ (loss) S elling and distribution expenses Adminis trativ e expenses Other income Financial income Financial costs Loss before income taxes Income taxes Net loss (A) Othe r total comprehensive income after tax (B) Total comprehensive losses after tax (A)+(B) 4 8 8 8 7 7

0 1 .0 1 -3 1 .1 2 .2 0 1 1

0 1 .0 1 -3 1 .1 2 .2 0 1 0

2.913.854 (2.443.774) 470.080 (400.690) (1.439.742) 36.506 3.453 (142.198) (1.472.592) 212.294 (1.260.299) -

2.880.396 (4.412.416) (1.532.020) (1.122.775) (1.805.250) 1.020 20.158 (93.940) (4.532.807) (244.099) (4.776.905) -

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N

Loss attributable t: Equity holders of the parent Non-c ontrolling interests

(1.260.299) (1.243.670) (16.628) (1.260.299)

(4.776.905) (4.727.175) (49.730) (4.776.905)

The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements

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STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2011

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STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FOR THE YEAR ENDED DECEMBER 31, 2011

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CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2011
01.013 1 .1 2 .2 0 1 1 Cash flows from Operating Activities Los s before income taxes Adjus tments for: Depreciation and amortisation Other Provisions Financial (income)/expenses Provisions for doubtful debts Oper ating loss before working capital changes (Incr ease)/Decr ease in: Inventories T rade accounts receivables Prepayments and other receivables Trade accounts payable Accrued and other current liabilities Interes t paid T ax paid Payement for staff indemnity Othe long term liabilities Net cash from/(used in) Operating Activities (21.528) 1.542.469 376.083 (686.529) 384.886 (112.450) (31.753) (25.684) 5.877 3 6 6 .8 9 5 (46.819) 1.122.638 550.333 115.843 (8.720) (73.355) (228.730) (59.096) 3.481 (3.125.696) 256.988 12.384 138.745 (1 .0 6 4 .4 7 5 ) 339.397 50.000 73.782 (431.643) (4 .5 0 1 .2 7 1 ) (1.472.592) (4.532.807) 0 1 .0 1 3 1 .1 2 .2 0 1 0

Cash flows from Investing Activities Capital expenditure for property, plant and equipment Increas e of participation in affiliated company Interes t and related income received Financial assets at fair value through income statement Net cash used in Investing Activities Net Change in finance leases Net change in short-term borrowings Net cash from Financing Activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of the period (64.863) 3.454 2.385 (5 9 .0 2 4 ) (13.484) (344.450) (3 5 7 .9 3 4 ) (5 0 .0 6 2 ) 3 1 4 .3 4 7 2 6 4 .2 8 5 (159.389) (32.000) 5.180 (1 8 6 .2 0 9 ) 25.047 1.139.362 1 .1 6 4 .4 0 9 (2 .1 4 7 .4 9 6 ) 2.461.843 3 1 4 .3 4 7

The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements

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