Management and the Supervisory Board session held

The meeting of the Management Board and the Supervisory Board of Tankerska Next Generation was held on April 29th, 2022.

Supervisory Board considered and adopted the financial statements for the year ended December 31st, 2021 together with Independent auditor's report, and the Annual Company status report.

Financial statements were audited by Deloitte Ltd., and the auditor stated that the financial statements present in all material respects a fair financial position of TNG, as of December 31st, 2021, together with financial performance, changes in equity, and cash flows for the year 2021, in accordance with International Financial Reporting Standards as adopted by the European Union.

The Management Board proposed, and the Supervisory Board adopted a decision on the proposal to reconcile the of loss for the year 2021 which will be proposed to the General Assembly.

It has been determined that Tankerska Next Generation in the year ending December 31st, 2021 realized a loss in the amount of HRK 86,988,823.67. The proposal to the General Assembly will be that the loss in amount of HRK 86,988,823.67 should be offset through retained earnings from previous years in amount of HRK 56,701,883.11 and in part from capital reserves in the amount of HRK 30,286,940.56.

Additionally, the Supervisory board considered and adopted the unaudited financial statements for the first quarter of 2022.

The adopted financial statements were submitted to the Zagreb Stock Exchange and the Croatian Financial Services Supervisory Agency and are posted on TNG’s website.