Adriatic Croatia International Club za djelatnost marina d d : Annual report for the year ended 31 december 2022 including independent auditor’s report

Address: Rudolfa Strohala 2

Ordinary shares: ISIN HRACI0RA0000

Economic activity: R 9329

Market: Regular market

LEI:7478000090X86WBQ6C10

Home member state: Croatia

ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

INCLUDING INDEPENDENT AUDITOR'S REPORT

ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

CONTENTS

MANAGEMENT REPORT FOR THE YEAR 2022

STATEMENT BY THE PERSONS RESPONSIBLE FOR FINANCIAL REPORTING

PROPOSED DECISION ON PROFIT DISTRIBUTION

DECISION OF THE SUPERVISORY BOARD ON APROVING THE ANNUAL FINANCIAL STATEMENTS FOR 2022

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INCLUDINGINDEPENDENT AUDITOR'S REPORT

THIS .PDF DOCUMENT IS NOT IN THE OFFICAL FORMAT

FOR PUBLISHING.

Management report

GENERAL COMPANY DATA

ACI d.d. is a chain of 22 marinas spread along the Adriatic, from Umag in the north to Dubrovnik in the south. In addition to marinas, ACI d.d. provides services in the anchorage in the Podražanj bay, which uses the infrastructure of Marina Žut and complementing business activity. The Company's main business activity is providing yearly, monthly and daily berthing services in ports for nautical tourism. In addition to this, ACI offers its clients supplementary services, such as boat lowering and lifting, towing, boat ramp services and so on. Other activities, such as catering, retail business, charter etc., are provided by other legal and natural entities on the basis of business cooperation contracts. In 2022, ACI marinas had over 6,000 berths at their disposal. Marinas conduct business in concession areas, for which the Company pays concession fees. The fees consist of a fixed part, which is paid on the basis of the surface area of a marina, and a variable part, which is paid based on the income that marinas have generated themselves. Concession contracts of the marinas expire in late 2030, with the exceptions of the Marina Veljko Barbieri, which expires in 2027, and anchorage Žut, expiring in 2026.

Supervisory Board

In 2022, the members of the Supervisory Board were:

	Dražen Ivanušec, President of the Supervisory Board
	Dobrica Rončević, Vice President of the Supervisory Board to 03 November 2022
	Marijeta Hladilo, Member of the Supervisory Board

	Tomislav Ninić, Member of the Supervisory Board, from 17 November 2022 Vice
	President of the Supervisory Board
	Danijel Imgrund, Member of the Supervisory Board from 16 November 2022
Members of the Supervisory Board are usually elected for a term of four years.
Following the four-year term ending in July 2020, the terms that the members of the Supervisory
Board were elected to were restricted to three months up until General Assemblie held on 3 May
2022, when the terms were prolonged to six month period. In 2022, the extensions of terms were
provided on three occasions, at General Assemblies held on 25 January (3 months), 3 May and 16
November 2022 (6 months, along with the change of member and Vice president of the Supervisory
Board).

Management Board
The Company's Management as at 31 December 2022 consists of three members Pursuant to the
Decision of the Company's Supervisory Board of 11 February 2022, starting from 14 February 2022:
	Kristijan Pavić, - President of the Management Board (represents the Company
	individually and independently)
	PhD. Ivan Herak, Member of the Management Board (represents the Company together
	with the President of the Management Board),
	Josip Ostrogović, Member of the Management Board (represents the Company
	together with the President of the Management Board).
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.

GENERAL COMPANY DATA (continued)

Management Board (continued)

The Company's Management before the Decision of the Company's Supervisory Board consisted of one member:

Kristijan Pavić- Member of the Management Board - director (represents the Company



individually and independently).

Employees

As at 31 December 2022, the Company had 331 employees, whilst as at 31 December 2021, the Company employed 334 employees.

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