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AURELIUS EQUITY OPPORTUNITIES SE & Co. Kgaa AURELIUS EQUITY OPPORTUNITIES SE & Co. KGaA Grünwald Annual Financial Statements for the Financial Year from 1/1/2019 to 12/31/2019 ANNUAL FINANCIAL STATEMENTS INCOME STATEMENT of AURELIUS Equity Opportunities SE & Co. KGaA from January 1 to December 31, 2019 in EUR 1/1 – 12/31/2019 1/1 – 12/31/2018 1. Revenues 17,371,425.19 20,358,422.26 2. Other operating income; 6,517,087.02 7,842,952.66 Thereof from currency translation: EUR 5,271,612.88 (PY: EUR 3,670,554.18) 3. Personnel expenses a) Wages and salaries 35,398,275.58 12,379,410.45 b) Social security contributions 55,150.75 136,803.14 35,453,426.33 12,516,213.59 4. Depreciation, amortization and impairments a) of intangible assets classified as non-current assets and property, 724.00 724.00 plant and equipment b) of current assets if they exceed the customary write-downs 27,713,353.30 8,380,168.09 in the corporation 27,714,077.30 8,380,892.09 5. Other operating expenses; 77,358,128.02 39,878,368.87 thereof from currency translation: EUR 137,646.22 (PY: EUR 3,631,541.81) 6. Income from equity investments; thereof from affiliated companies: 222,124,666.35 27,750,000.00 EUR 222,124,666.35 (PY: EUR 27,750,000.00) 7. Other interest and similar income; thereof from affiliated companies: 11,796,668.84 10,230,676.74 EUR 11,552,177.78 (PY: EUR 9,780,465.94) 8. Expenses for loss absorption 3,665,756.65 8,832,816.60 9. Impairments of non-current financial assets and securities classified 5,139,822.63 - / - as current assets 10. Interest and similar expenses; thereof from affiliated companies: 4,070,081.74 4,485,629.75 EUR 924,380.27 (PY: EUR 511.56) 11. Income taxes 360,184.19 541,084.16 12. Profit/loss after taxes 104,048,370.54 -8,452,953.40 13. Other taxes - / - 384,248.19 14. Net profit (PY: net loss) 104,048,370.54 -8,837,201.59 15. Profit carried forward from prior year 57,072,548.35 83,799,709.93 16. Changes from conversion, purchases and sales of treasury shares - / - 71,157,699.01 17. Distributable profit 161,120,918.89 146,120,207.35 2 I AURELIUS ANNUAL FINANCIAL STATEMENTS ANNUAL FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION of AURELIUS Equity Opportunities SE & Co. KGaA at December 31, 2019 ASSETS in EUR Note 12/31/2019 12/31/2018 A. Non-current assets I. Intangible assets 1.00 1.00 II. Property, plant and equipment 485.00 1,209.00 III. Financial assets 2.1 88,220,349.44 106,703,201.42 Total non-current assets 88,220,835.44 106,704,411.42 B. Current assets I. Receivables and other assets 2.2 225,810,107.94 235,882,457.58 II. Cash on hand and cash in banks 176,557,528.50 43,717,083.90 Total current assets 402,367,636.44 279,599,541.48 C. Deferred income 111,244.25 62,860.57 Total assets 490,699,716.13 386,366,813.47 EQUITY AND LIABILITIES in EUR Note 12/31/2019 12/31/2018 A. Equity 2.3 I. Subscribed capital ¹ 2.3.1 31,680,000.00 31,680,000.00 Imputed value of treasury shares 2.3.5 -1,119,551.82 -1,119,551.82 Issued capital 30,560,448.18 30,560,448.18 II. Additional paid-in capital 2.3.2 69,497,450.05 69,497,450.05 III. Distributable profit 161,120,918.89 146,120,207.35 Total equity 261,178,817.12 246,178,105.58 B. Provisions 2.4 17,436,319.96 20,778,055.46 C. Liabilities 2.5 212,084,579.05 119,410,652.43 Total equity and liabilities 490,699,716.13 386,366,813.47 ¹ Conditional capital at December 31, 2019 in the amount of EUR 15,840,000 (PY: EUR 9,700,000). AURELIUS ANNUAL FINANCIAL STATEMENTS I 3 ANNUAL FINANCIAL STATEMENTS STATEMENT OF CASH FLOWS of AURELIUS Equity Opportunities SE & Co. KGaA from January 1 to December 31, 2019 in EUR 1/1 – 12/31/2019 1/1 – 12/31/2018 Period result (financial year profit/loss) 104,048,370.54 -8,837,201.59 ± Write-downs / write-ups of non-current/ current assets 32,853,899.93 8,380,892.09 ± Increase/ decrease in provisions -3,341,735.50 -36,121,421.65 ± Other non-cash expenses/ income 379,964.19 2,954,572.40 ± Increase/ decrease in trade receivables and other assets -496,324.60 -2,509,001.57 ± Increase/ decreases in trade payables and other liabilities 8,141,719.44 87,245.39 ± Interest expenses/ interest income -7,726,587.10 -5,745,046.99 – Other investment income -222,124,666.35 -27,750,000.00 ± Income tax expenses/ income 360,184.19 541,084.16 ± Income tax refunds/ payments -433,559.19 24,394.63 = Cash flow from operating activities -88,338,734.45 -68,974,483.13 + Cash inflows from disposals of non-current financial assets 27,898,222.06 4,531,099.50 – Cash outflows for investments in non-current financial assets -9,933,898.56 -45,707,481.02 + Cash inflows from cash investments within the scope of 27,798,102.75 59,907,960.49 short-term financial management – Cash outflows for cash investments within the scope of -41,211,115.28 -104,269,942.05 short-term financial management + Interest received 3,287,430.16 2,515,250.50 + Dividends received 222,124,666.35 27,750,000.00 = Cash flow from investing activities 229,963,407.48 -55,273,112.58 + Cash inflows from sales of treasury shares - / - 15,603,682.90 – Cash outflows for purchases of treasury shares - / - -4,429,713.42 + Cash inflows from the issuance of bonds and the borrowing 141,155,306.54 - / - of (financing) loans – Cash outflows for the redemption of bonds and the repayment -57,750,260.00 - / - of (financing) loans – Interest paid -3,141,615.97 -1,073,517.84 – Dividends paid -89,047,659.00 -141,007,790.00 = Cash flow from financing activities -8,784,228.43 -130,907,338.36 Cash-effective changes in cash and cash equivalents 132,840,444.60 -255,154,934.07 + Cash and cash equivalents at beginning of period 43,717,083.90 298,872,017.97 = Cash and cash equivalents at end of period 176,557,528.50 43,717,083.90 4 I AURELIUS ANNUAL FINANCIAL STATEMENTS NOTES COMBINED SEPARATE MANAGEMENT REPORT AND GROUP MANAGEMENT REPORT OF AURELIUS EQUITY OPPORTUNITIES SE & CO. KGaA The separate management report of AURELIUS Equity Opportunities SE & Co. KGaA and the Group management report have been combined in accordance with Section 315 (3) HGB in conjunction with Section 298 (2) HGB and published in the AURELIUS Annual Report 2019. The separate financial statements and separate management report of AURELIUS Equity Opportunities SE & Co. KGaA that has been combined with the Group management report for the 2019 financial year will be published in the German Federal Gazette (Bundesanzeiger). The separate financial statements of AURELIUS Equity Opportunities SE & Co. KGaA and the annual report of the Group for the 2019 financial year are also available on the Internet. AURELIUS ANNUAL FINANCIAL STATEMENTS I 5 NOTES AURELIUS EQUITY OPPORTUNITIES SE & CO. KGaA NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR FROM JANUARY 1 TO DECEMBER 31, 2019 1 General information on recognition and measurement methods 1.1 General information AURELIUS Equity Opportunities SE & Co. KGaA, Grünwald (“AURELIUS SE” or the “Company”) is a German part- nership limited by shares (Kommanditgesellschaft auf Aktien) and was originally founded as AURELIUS AG in Munich on March 20, 2006. The conversion of AURELIUS AG from a stock corporation (Aktiengesellschaft, AG) to a partnership limited by shares (AURELIUS SE & Co. KGaA) was completed after registration in the Commercial Register on October 1, 2015. Moreover, the Company’s name was changed to AURELIUS Equity Opportunities SE & Co. KGaA in the 2016 financial year. The Company’s registered head office is located on Ludwig-Gang- hofer-Straße 6 in 82031 Grünwald and the Company is registered with the Munich Registry Court (HRB 221100). The personally liable shareholder of AURELIUS SE is AURELIUS Management SE with its registered head office in Grünwald, which has share capital of EUR 120,000 and is registered with the Munich Registry Court (HRB 211308). The business activity of AURELIUS SE and its subsidiaries (“AURELIUS” or the “Group”) comprises the acquisition and restructuring of companies in transitional or special situations such as unresolved succession arrange- ments, modernizations or corporate spin-offs. AURELIUS acquires the companies in order to realize profitability enhancement potential by making operational improvements. The Company’s financial year is the calendar year. The separate financial statements for the financial year from January 1 to December 31, 2019 have been prepared in accordance with the regulations of Sections 264 ff. HGB for medium-sized corporations and in compliance with the German Stock Corporations Act. The items to be labelled with Arabic numerals according to Section 266 HGB are aggregated in the statement of financial position and broken down in the notes to the financial statements in accordance with Section 265 (7) HGB to enhance the clarity of the statement of financial position. The income statement has been prepared according to the cost summary method in accordance with Section 275 (2) HGB.
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