Integer pl : CONDENSED CONSOLIDATED FINANCIAL STATEMENTS for the first half of 2012

INTEGER.PL SA CAPITAL GROUP CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2012 Cracow, 28 August 2012 CONTENTS:

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ……………………………………………..…………3

CONDENSED CONSOLIDATED STATEMENT OF FINACIAL POSITION ………………………………………………………..………….4 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ……………………………………………………………….…….………5 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY …………………………………………………….…….……..7

1. Additional notes and explanations …………………………………………………………………………………….……….……….8 1.1. General information ……………………………………………………………………………………………………….…………….9

1.2. Composition of the Group ……………………………………………………………………………………………….……………9

1.3. Functional currency and reporting currency ……………………………………………………………………………….10

1. Declaration of compliance and basis of preparation of financial statements ………………….……………..….10

2. Explanatory comments about the seasonality or cyclicality of operations ……………………………………..….12

3. Events affecting assets, liabilities, equity, net income or cash flow that are unusual because of their nature, size, or incidence ………………………………………………………………………………………………………………… 12

4.1. Transfer of shares ownership of Kolportaż Rzetelny Sp. z o. o. ……………………………………………………………….. 12 4.2. Investment agreement ………………………………………………………………………………………………………………………….….12

4.3. The start of production of easyPacks (self-service parcel machines) …………………………………………………………15 5. Revenues …………………………………………………………………………………………………………………………………..………………..15 5.1. Revenues from sales ………………………………………………………………………………………………………………………………..15 6. Information on business segments ………………………………………………………………………………………………………………15 7. Income tax …………………………………………………………………………………………………………………………………………………..16 8. Dividends paid and proposed for payment ………………………………………………………………………………………………….16 9. Goodwill ………………………………………………………………………………………………………………………………………………………16 10. Tangible and intangible fixed assets …………………………………………………………………………………………………………..16 11. Other financial assets …………………………………………………………………………………………………………………………………16 12. Deferred tax assets ………………………………………………………………………….…………………………………………………………17 13. Inventory ……………………………………………………………………………………………………………………………………………………17 14. Trade receivables ……………………………………………………………………………………………………………………………………….17

15. Share capital and reserve/supplementary capital ………………………………………………………………………………………17 16. Long-term financial liabilities ……………………………………………………………………………………………………………………..18 17. Short-term loans, bank loans, leases and bonds …………………………………………………………………………………………18 18. Provisions and deferred income …………………………………………………………………………………………………………………19 19. Contingent liabilities ………………………………………………………………………………………………………………………………….19 19.1. Sureties ……………………………………………………………………………………………………………………….………………………….19 19.2. Warranties ……………………………………………………………………………………………………………………………………………..19 19.3. Lawsuits ……………………………………………………………………………………………………………………….…………………………20 20. Information on related parties …………………………………………………………………………………….…………………………….20 20.1. Shareholders ………………………………………………………………………………………………………………………………………….20 20.2. Other related parties ………………………………………………………………………………………………………………………………20

21. Remuneration of senior executives of the Group ……………………………………………………………………………………….21 22. Events after the balance sheet date……………………………………………………………………………………………………………22

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(in PLN '000)

Note	01.01.2012 30.06.2012	01.01.2011 30.06.2011
Revenues from sales	5.1	132 167	115 561
Other operating revenues 6	5.2	50 817	4 695
Depreciation	8 807	6 764
Materials and energy consumption	4 519	2 523
External services	73 086	67 064
Taxes and fees	1 127	760
Salaries	18 616	18 408
Social security and other benefits	2 675	1 466
Other expenses by type	4 140	1 716
Value of sold goods and materials	17 135	5 451
Other operating expenses	1 230	1 455
Total operating expenses	131 335	105 607
Operating profit (loss)	51 649	14 649
Financial revenues	4 073	1 822
Financial expenses	7 903	2 391
Profit (loss) before tax	47 819	14 080
Write-off of negative goodwill of subsidiaries	1 799
Income tax	7	1 799	2 510
Net profit (loss) from continuing operations	46 020	11 570
Net profit (loss) from discontinued operations
Net profit (loss)	46 020	11 570
Attributable to:
Parent company shareholders	46 558	11 635
Minority shareholders	(538)	(65)
Other comprehensive income	46 020	11 570
Other comprehensive income after tax
Total comprehensive income	46 020	11 570
Profit (loss) per share
Ordinary	7.75	1.95
Diluted	6.73

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in PLN '000)

ASSETS	Note	01.01.2012 30.06.2012	01.01.2011 30.06.2011
Fixed assets	169 017	157 398
Goodwill	6 054	4 830
Other intangible assets	23 266	25 463
Tangible fixed assets	10	106 802	99 630
Other intangible assets	10	-	-
Investments in associates	1 048	590
Other financial assets	11	22 186	19 140
Deferred tax assets	8 580	5 970
Other fixed assets	1 081	1 775
Current assets	221 685	125 451
Inventory	12	19 912	8 346
Other financial assets	17 254	19 574
Trade and other receivables	13	105 534	83 218
Other current assets	3 171	6 485
Cash and cash equivalents	75 814	7 828
Total assets	390 702	282 849
EQUITY AND LIABILITIES	01.01.2012 30.06.2012	01.01.2011 30.06.2011
Equity capital
Share capital	14	5 938	5 938
Supplementary capital	14	85 924	67 021
Retained earnings	14	50 640	23 232
Non-controlling shares	14	(252)	92
Total equity	142 250	96 283
Long-term liabilities
Long-term loans, bank loans, leases and bonds	17	53 823	43 673
Provision for deferred tax
Other long-term provisions and deferred income	18	31 059	32 559
Long-term liabilities	4 917	5 802
Total long-term liabilities	89 799	82 034
Short-term liabilities
Trade and other payables	46 194	44 464
Short-term loans, bank loans, leases and bonds	92 104	41 047
Current tax liabilities	5 064	6 459
Short-term provisions and deferred income	18	15 291	12 562
Total short-term liabilities	158 653	104 532
Total liabilities	248 452	186 566
Equity and liabilities	390 702	282 849