Asseco CCR Comprehensive Consolidated Reporting.

.com Comprehensive solution for consolidated reporting.

Implemented in the Asseco Group: The Asseco CCR application is an advanced, secure and intuitive tool for conducting • Separate consolidation of the two largest subsidiary standalone and consolidated reporting. It enables the efficient and effective preparation of groups reports for public listed companies, as well as reports related to the mandatory reporting of • Over 70 companies involved in the consolidation process financial institutions. • Subsidiaries in over 30 countries throughout the world, including companies from most regions of Europe • Thousands of inter-company transactions • More than a dozen subsidiary groups comprised of companies and other subsidiary groups • Almost 200 users of the application around the world: , Nigeria, Georgia, Slovenia, Australia, , , Russia, Kazakhstan, , The application fully supports reporting in compli- of data from source systems, continuing through ance with International Financial Reporting Standards support for the process of transforming data into using various consolidation methods. It provides the required output format, and finally ending with a range of functions to allow for the automation of the presentation of results in the form and layout every aspect of the complex process of consolida- required by the recipient of the reports. 3 of the 20 largest Polish companies on the Stock Exchange are using tion at every stage in the process. Asseco CCR for preparing consolidation reporting: The system includes mechanisms for monitoring and Asseco CCR is fully integrated with the Comprehen- supervising the process of data collection and calcu- • Asseco Poland (Asseco Group) sive Mandatory Reporting tool (Asseco CMR). It also lation of separate and consolidated statements. It • (Pekao Group - the member of Group) provides comprehensive support for the standalone also enables and supports the consolidation of small • mBank (mBank Group - the member of Group) reporting process, beginning with the acquisition and large international corporate groups.

2 3 Asseco CCR Key features of guarantees: Asseco CCR.

• Efficient cooperation with groups and companies at different levels of consolidation Organisation of the process. • A reduction in time and costs associated with conducting the process • Security and auditing of consolidation processes Comprehensive support at all stages of the consolidation process. The possibility of • Easiness of data analysis at all stages of the process delegating responsibilities and duties within a corporate group. Monitoring is carried out by • Adaptation of the level of data collected to implementation requirements using graphical visualization of all work stages and the automatic reporting of missed targets. • A user-friendly interface and intuitive interaction with the application • Access to all functions using a web browser Automation.

Calculation of the consolidated reports based on data from stand-alone packages, taking into account currency conversion, inter-company transactions, and all types of consolidation adjustments. The possibility to automate the merging of inter-company transactions and the automatic inclusion of data into separate statements.

Flexibility.

Support for the consolidation process in the case of static and dynamically changing corporate groups. Easy management of a group’s structure. The possibility of sub-consolidation, i.e. the calculation of consolidated reports at any level of a corporate group.

Configurability.

The system allows new definitions, as well as the editing of existing reports presenting reporting data together with dedicated calculation and validation rules. A dynamic transaction model permits adjustment of the level of inter-company transactions collected to implemen- tation requirements. The configuration of system metadata is carried out in a user-friendly manner, using Excel files.

Audits.

The ability to audit consolidated data based on transparent analytical reports containing all the components of the consolidated financial statements. The auditing of standalone data, including the auditing of changes for inter-company transactions.

Knowledge base.

A document repository enables the documentation of the consolidation process. The system has a built-in tool for communication enabling effective cooperation between users during the preparation of financial statements.

4 5 Organisation of the consolidation process.

1. 2. 3. 4. 5. 6. 7. 8.

Definition and Collection and Preparation of Definition of Calculation of Manual Verification and Export of initiation of validation of data for algorithms the consolidated adjustments to approval of the consolidated the consolidation inter-company standalone for automatic package the consolidated the consolidated package process transactions packages consolidation package package adjustments

6 7 Functional Modules.

The Asseco CCR system consists of tailored functional modules, which comprehensively support the consoli- dated reporting process. It also provides a range of functionality, starting with configuration and administration, through data management, and ending with tools to view and analyse the resulting reports.

Reporting Module.

This module consists of four closely interacting areas corresponding to specific areas connected with consoli- dated reporting.

Stand-alone packages. This area enables work with the financial statements of reporting units. Data can be collected via the application interface, imported from Excel files or downloaded from a data warehouse. Automatic verification rules ensure data validity. The application allows currency conversion, a comparison of reports and a range of functionality to support Management a user in the analysis and validation of unit data. Module. Inter-company transactions. This area provides an intuitive way to work with inter-company transactions - adding and editing (with the import The Asseco CCR system provides a Management module that allows full control and monitoring of the process. of Excel files also possible), verification, merging (also automatically) and reconciling data entered by parties to a The interface enables the intuitive definition and modification of the structure of a corporate group. It also allows transaction. Different types of transactions are supported: settlements, fixed assets, intangible assets and inventories. for the delegation of tasks to lower levels within the group and monitoring the actions of users in terms of tasks Transactions are entered at the data level, based on the user-defined data model, to cover all necessary business assigned to them thanks to the graphical visualization of stages and the automatic reporting of missed targets. needs.

Consolidation adjustments. An advanced adjustments area allows you to define and configure automatic consolidation adjustments. It allows Documents Administration you to automatically perform inter-company eliminations, exclusions from consolidation, exchange differences and adjustments to allow for the inclusion of a company in the group during the financial year. This area also allows Module. Module. manual consolidation adjustments to be made that are applicable through successive reporting periods. The document and attachment repository enables Administration is carried out through an easy-to-use Consolidated packages. documentation to be stored for the entire consoli- panel for user management. The policies for granting The application performs the automatic calculation of consolidated packages based on data from standalone dation process. Users have access to the material user rights takes into account the structure of the packages taking into account currency conversions, inter-company transactions, and all types of consolidation collected depending on the rights allocated to them. corporate group and the roles performed by users adjustments. Consolidated data can be viewed and verified on the basis of an analytical and transparent report in the process of preparing the consolidated reports. containing all the components of the consolidated financial statements. In the case of a multi-level corporate group, it is possible to independently prepare financial statements for each of the consolidation level.

8 9 Why choose The main tasks of Asseco CCR? Asseco CCR.

• Asseco CCR increases the efficiency and productivity of the consolidation process • Planning and management of work related to consolidation • It brings tangible operational benefits • Comprehensive support during all stages of the consolidation process • It enables the automation of the consolidation process • Collection and validation of standalone data • It has proved successful in a complex international corporate group • Automatic calculation of consolidated package • It provides access to functionality in a cloud services model • Data verification at standalone and consolidated levels • Communication between participants in the process

10 11 Asseco CCR Comprehensive Consolidated Reporting.

Asseco Poland S.A. Olchowa str. no 14 35-322 Rzeszów

Business Intelligence Division Wielicka str. no 22A 30-552 Kraków phone: +48 12 344 36 99 e-mail: [email protected]

asseco.com

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