ss saqarTvelos safondo birJa

2008 weli

ss "saqarTvelos safondo birJa"

konsolidirebuli balansi

ss "fasiani qaRaldebis centraluri depozitari" 98.81% 98.81%ss kavkasreestri 56.15% 56.15%

lari lari

aqtivebi 31/12/2007 31/12/2008

mimdinare aqtivebi

fuladi saxsrebi 140,297 167,804 debitoruli davalianeba miwodebidan da momsaxurebidan 33,695 119,670 sxva moklevadiani moTxovnebi 23,425 25,648 sul mimdinare aqtivebi 197,417 313,123

grZelvadiani aqtivebi

ZiriTadi saSualebebi 102,775 85,979 aramaterialuri aqtivebi 77,546 71,968 sxva grZelvadiani investiciebi 709,502 860,782 sul grZelvadiani aqtivebi 889,823 1,018,729

sul aqtivebi 1,087,240 1,331,852

valdebulebebi da sakuTari kapitali

m m n r b b bmimdinare valdebulebebi

mow. da moms. warm. valdebulebebi 7,445 6,347 miRebuli avansebi 2,067 429 sagadasaxado valdebulebebi 1,005 9,904

sul moklevadiani valdebulebebi: 10,517 16,680

grZelvadiani valdebulebebi:

gadavadebuli sagadasaxado valdebulebebi 11,042 26,791 sxva grZelvadiani valdebulebebi 7,274 10,100 sul grZelvad. valdebulebebi 18,316 36,890

sakuTari kapitali

sawesdebo kapitali 46,577 46,577 Seuvsebeli kapitali (8,800) (8,800) saemisio kapitali 128,252 128,252 aramaterialuri aktivebis gadafasebis rezervi 74,600 74,600 wina wlebis akumulirebuli mogeba/zarali 679,331 817,777 saangariSo periodis mogeba/zarali 138,447 219,875

sul sakuTari kapitali: 1,058,407 1,278,281 maT Soris umciresobis wili 117,318 176,220

sul valdebulebebi da sakuTari kapitali 1,087,240 1,331,852

generaluri direqtori:

ss "saqarTvelos safondo birJa"

konsolidirebuli mogeba/zarali

ss "fasiani qaRaldebis centraluri depozitari" 98.81% 98.81%ss kavkasreestri 56.15% 56.15%

lari lari

mogeba /zaralis angariSgeba01.01.2007 - 31.12.2007 01.01.2008 - 31.12.2008

saoperacio Semosavlebi:

sawevro gadasaxadi 19,938 30,875 sakomisio gadasaxadi 252,871 63,137 listingis gadasaxadi 8,405 16,000 aqciebis gadaformebis sakomisio 68,025 62,560 emitenTa saabonento 64,060 60,066 reestris sxva momsaxureba 7,908 8,129 garigebis dafiqsirebis sakomisio 92,589 Sps -is momsaxureoba 13,123 sul saopercio Semosavali 421,207 346,479

saoperacio xarjebi

saxelfaso xarjebi 154,816 217,242 cveTa da amortizacia 27,680 32,617 ijara 35,176 30,017 komunikaciis xarjebi 8,541 8,803 sagadasaxado xarjebi 1,471 1,691 auditis xarjebi 2,850 1,950 saeWvo moTxovn. dakavSirebuli xarjebi 90 1,007 sxva saerTo xarjebi* 30,326 37,188

260,949 330,517 saoperacio saqmianobiT miRebuli Sedegi 160,257 15,963

arasaoperacio Semosavlebi

generatoris ijara 1,985 2,352 telefonebis ijara 4,829 6,273 farTis ijara 300 saprocento Semosavali 2,169 220,671 miRebuli dividendebi 2,572 sakurso sxvaobis Semosavali 1,359 38,294 sxva Semosavali 3,259 1,487

13,901 271,649 arasaoperacio xarjebi

satelefono momsax. xarjebi 563 408 investiciebze dakavebuli gadasaxadi 217 22,183 warmomadgenlobiTi xarjebi 2,395 198 sakurso sxvaobis zarali 1,850 sxva arasaoperacio xarjebi 4,854 4,298

8,028 28,936 arasaoperacio saqmianobiT miRebuli Sedegi 5,873 242,713

saangariSo periodis mogeba/zarali dabegvramde 166,130 258,676 saaRricxvo mogebis gadasaxadi 27,683 38,801

wminda mogeba 138,447 219,874

maT Soris umciresobis wili 33,079 58,901

generaluri direqtori:

ss "saqarTvelos safondo birJa"

konsolidirebuli

fuladi saxsrebis moZraobis uwyisi lari lari

arapirdapiri meTodi 31/12/2007 31/12/2008

fuli saoperacio saqmianobidan

saangariSo wlis mogeba/zarali 138,447 219,874 cveTa da amortizacia 27,680 32,617 debitoruli davalianeba miwodebidan da momsaxurebidan 15,075 (88,198) mow. da moms. warm. valdebulebebi (81,805) 24,737

wminda fuladi saxsrebi saoperacio saqmianobidan 99,396 189,031

fuli sainvesticio saqmianobidan

ZiriTadi saSualebebis SeZena (94,006) (3,573) aramaterialuri aqtivebis SeZena (6,670) grZelvadiani investiciebi (491,500) (151,280) moklevadiani investiciebi 293

wminda fuladi saxsrebi sainvesticio saqmianobidan (585,213) (161,523)

fuli safinanso saqmianobidan

kapitalis Sevseba 91,631 - wminda fuladi saxsrebi finansuri saqmianobidan 91,631 -

fuladi saxsrebis cvlileba (394,187) 27,508

fuladi saxsrebi periodis dasawyisSi 534,484 140,297 fuladi saxsrebi periodis bolos 140,297 167,804

generaluri direqtori:

ss `saqarTvelos safondo birJa~konsolidirebuli

kapitalis moZraobis uwyisi

larebSi

saaqcio kapitali

Seuvsebeli

kapitali

saemisio

kapitali

gadafasebis

rezervi

akumulirebuli

mogeba/zarali

Sesabamisi

periodis

mogeba/zaralis

CaTvliT

sul sakuTari

kapitali

31/12/2007 46,577 (8,800) 128,252 74,600 817,777 1,058,407 kapitalis Sevseba

investiciebis gadafaseba - saangariSo periodis mogeba 219,875 219,875

31/12/2008 46,577 (8,800) 128,252 74,600 1,037,652 1,278,281

generaluri direqtori:

axsna ganmartebiTi SeniSvnebi 2008 wlis konsolidirebul finansur

angariSgebaze

zogadi mimoxilva sazogadoebis saqmianobis Sesaxeb ss saqarTvelos safondo birJa aris TviTregulirebadi organizacia, birJis saqmianobis ZiriTad mizans warmoadgens saqarTveloSi fasiani qaRaldebis gamWvirvale da likviduri organizebuli bazris Camoyalibeba, sicocxlisunariani savaWro meqanizmis Seqmna da misi funqcionirebis uzrunvelyofa. birJis saqmianobis sagania:

a) fasiani qaRaldebis yidvisa da gayidvis Sesaxeb winadadebebis Segroveba; b) fasiani qaRaldebis sajaro vaWrobis organizeba sabirJo wesebis da

procedurebis Sesabamisad; g) sabirJo vaWrobebis Sedegebis Sesaxeb da safondo bazarTan dakavSirebuli

sxva informaciis gavrceleba.

sazogadoebis saaRricxvo politikis daxasiaTeba winamdebare angariSgeba asaxavs sazogadoebis safinanso-sameurneo saqmianobas 2008 wlis 1 ianvridan 31 dekembris CaTvliT.

aRricxva-angariSgebis forma

sazogadoeba finansur angariSgebas awarmoebs buRaltruli aRricxvis saerTaSoriso standartebis (bass) Sesabamisad. sazogadoebaSi informaciis damuSaveba warmoebs kompiuteruli programa “orisis” gamoyenebiT. buRaltruli operaciebi ganxorcielebulia rogorc erovnul, aseve ucxour valutaSi (aSS dolari ) finansuri angariSgeba momzadebulia pirveladi dokumentebiT miRebuli informaciisa da Sesabamisi buRaltruli gatarebebis safuZvelze.

angariSgebis valuta

angariSgebis (saoperacio) valuta warmodgenilia erovnul valutaSi – lari.

ucxouri valuta

ucxouri valutiT warmoebuli sameurneo operaciebi asaxulia angariSgebis valutaSi operaciis moxdenis dRisaTvis erovnuli bankis mier dadgenili Sesabamisi kursiT. saangariSo periodis bolos ucxouri valutiT Sefasebuli fuladi sabalanso muxlebi warmodgenilia 31 dekembris savaluto kursis (1 $ = 1,6670 GEL) kursTaSoris sxvaoba saangariSo periodis bolos gadatanilia Sedegebze.

ZiriTadi saSualebebi

SeZenili ZiriTadi saSualebebi SemosavalSi aiReba misi TviTRirebulebiT, romelic Seicavs: SeZenis (nasyidobis) fass, sawarmomde transportirebisa da datvirTva-gadmotvirTvis xarjebs, adgilmdebareobis momzadebis, aqtivis montaJisa da samuSao mdgomareobaSi mosayvanad saWiro sxva pirdapir xarjebs.

ZiriTadi saSualebebi finansur angariSgebaSi aisaxeba cveTis TanxiT Semcirebuli TviTRirebulebiT.

aramaterialuri aqtivebi

aramaterialuri aqtivebi aRiricxeba istoriuli RirebulebiT, romelic mcirdeba akumulirebuli amortizaciiT.

moTxovnebi

grZelvadiani da moklevadiani moTxovnebi aRiricxeba nominaluri RirebulebiT.

valdebulebebi

moklevadiani da grZelvadiani valdebulebebi aRiricxeba im TanxiT, romlis gadaxdac mouwevs sazogadoebas.

Semosavlebi da xarjebi

Semosavlebisa da xarjebis aRiareba-asaxva xdeba daricxvis meTodiT. fuladi saxsrebis moZraobis angariSgeba Sedgenilia arapirdapiri meTodis

gamoyenebiT da asaxavs saangariSo periodSi fuladi saxrebis faqtobriv

brunvas.

mogebis gadasaxadi

mogebis gadasaxadi iangariSeba saaRricxvo mogebidan da aisaxeba sagadasaxado xarjis saxiT.

investiciebis aRricxva

grZelvadiani investiciebis aRricxva xorcieldeba maTi TviTRirebulebiT. sazogadoeba flobs 98.81% ss saqarTvelos fasiani qaRladebis centraluri

depozitaris aqciebSi da 56.15% ss kavkasreestrSi. baas-is Tanaxmad sazogadoeba

aRricxavs am dabandebebs kapital meTodiT da warmoadgens konsolidirebul

angariSgebas, sadac asaxulia agreTve umciresobis wili.

fuladi saxsrebi

naRdi fuli salaroSi 1943.50 657 fuli sabanko angariSebze 138353.10 167 148 sul: 140297 167 804

fuladi saxsrebi warmodgenilia salaroSi aresebuli naRdi fuliT da

angariSsworebis angariSebze.

debitoruli davalianeba miwodebidan da momsaxurebidan

wevri sabrokero kompaniebi 9039.42 18287.22 moijare kompaniebi 945.14 724.58 listingSi myofi kompaniebi 1.27 4001.27 wevri sabrokero kompaniebi ss centraluri depozitaris mimarT 7078.51

855.02

emitenTaTvis gaweuli momsaxurebidan ss kavkasreestris mimarT

16631 95 802

sul moTxovn. miwodebidan da momsaxurebidan 33695 119 670

debitoruli dabalianeba warmodgenilia mimdinare moTxovnebiT safondo birJis

wevrTa mimarT sawevro da sakomisio gadasaxadebze , listingSi daSvebis

gadasaxadebze da ijariT gacemul aqtivebze gadasaxadebze. agreve sazogadoebis

Svilobili da mekavSire kompaniebis - ss saqarTvelos fasiani qaRaldebis

centraluri depozitaris moTxovnebi wevr sabrokero kompanienis mimarT da

ss kavkasreestris mimdinare moTxovnebi emitenTaTa mimarT gaweul

momsaxureobaze.

31.12.07 31.12.08

31.12.07 31.12.08

sxva moklevadiani moTxovnebi

ss kavkasreestris saw. xelmZRvanelobaze saqveangariSod gac. Tanxa 660 zedmetad gadaxdili gadasaxadebi 383 winaswar gadaxdili gadasaxadebi 22382.43 25648.29 sul sxva moklevadiani moTxovnebi 23425 25648

sxva moklevadiani moTxovnebi asaxavs winaswar gadaxdil saavanso gadasaxadebs,

kerZod mogebis da qonebis gadasaxadebs.

ZiriTadi saSualebebi

kompiuteruli teqnika da ofisis aRWurviloba

aveji da sxva dizel generatorebi

gazsadeni milebi

sul

Rirebuleba: 31.12.07 mdgomareobiT 200604.3 21682.42 6350.4 2146.8 230784damateba 3573 3573gasvla 31.12.08 mdgomareobiT 204177.30 21682.42 6350.4 2146.8 2343567 akumulirebuli cveTa

31.12.07 mdgomareobiT -107659 -15781.3 -3441.67 -1126.63 -128009daricxva -18784.85 -1270.12 -232.68 -81.6 -20369.2531.12.08 mdgomareobiT -126443.85 -17051.25 -3674.35 -1208.23 -148378 sabalanso Rirebuleba

31.12.07 mdgomareobiT 92944.95 5901.1 2908.73 1020.17 10277531.12.08 mdgomareobiT 77733.45 4631.17 2676.05 938.57 85979

31.12.07 31.12.08

aramaterialuri aqtivebi licenziebi sabuRaltro

programa sakanonmdeblo monacemTa baza

programuli uzrunvelyofa

sul

Rirebuleba: 31.12.07 mdgomareobiT 3260

624

79 120338.1 124301.1

damateba 6670 6670 gasvla 31.12.08 mdgomareobiT 3260

624

79 127008.10 130971.1

akumulirebuli amortizacia

31.12.07 mdgomareobiT -1946.5

-372.60

-40.58 -44395.7 -46755.4

daricxva -197.04 -37.72 -38.42 -11975.02 -12248.20 31.12.08 mdgomareobiT

-2143.54

-410.32

-79 -56370.72 -59003.60 sabalanso Rirebuleba

31.12.07 mdgomareobiT 1313.5 251.40 38.42 75942.41 77546 31.12.08 mdgomareobiT 1116.46 213.68 0 70637.38 71968

investiciebi

grZelvadiani investiciebi korporaciul fas.qaR. ss saqwyalproeqtis Cveulebrivi aqciebi 8000 17884.65 grZelvadiani depozitebi sabanko angariSebze: 842897.57 Tibisi bankSi laris depozitebi 291500 87000 Tibisi bankSi ucxour valutaSi ( aSS dolari ) 355511.84 saqarTvelos bankSi laris depozitebi 240000 saqarTvelos bankSi ucxour valutaSi (aSS dolari) 145499.28 prokredit bankSi laris depozitebi 170000

31.12.07 31.12.08

sul fuladi depozitebi 701500 588011.12 investiciebi korporacioul obligaciebSi ss auto fainans-is obligaciebi aSS dolaris 254884.30 gadavadebuli sagadasaxado aqtivi 2.15 2.15 sul investiciebi 709502 860782

valdebulebebi mowodebidan da momsaxurebidan

valdebuleba ss saqwyalproeqti-s mimarT 3780.99 3891.49 valdebuleba FEAS- s mimarT 3183.20 - valdebuleba Sps vaneqsi-s mimsarT 1.90 1.90 valdebuleba yastransgazis mimarT 383.29 753.01 valdebuleba gaerTianebuli telekomis mimarT - 305.21 valdebuleba fasiani qaRald. industriis asoc. - 658.80 valdebuleba saq. mikrosistemebi 90 valdebuleba info jorjias mimarT 27.30 valdebuleba elbi investjgufis mimarT 10 20 sxva da sxva mimdinare valdebulebebi 85 599.14 7445 6347

miRebuli avansebi

sabrokero kompaniebis mier winasawar gadaxdili gadasaxadebi 1821 188 emitenTa mier winaswar gadadili gadasaxadebi 245.86 242

sul: 2067 429

sagadasaxado valdebulebebi

gadasaxdeli qonebis gadasaxadi 1005.46 592.61 gadasaxdeli mogebis gadasaxadi 9311.21

sul 1005 9904

31.12.07 31.12.2008

31.12.07 31.12.2008

31.12.07 31.12.2008

grZelvadiani valdebulebebi

gadavadebuli mogebis valdebulebebi 11041.94 26791 grZelvadiani valdebuleba FEAS- s mimarT 6376 9968 gadavadebuli xelfasi 131 131 sxva grZelvadiani valdebulebebi 767.13

sul: 18316 36890

gadavadebuli sagadasaxado valdebulebebi dakavSirebulia gadavadebul mogebis

gadasaxadTan, romelic warmoiqmna saangariSo wels finansuri mogebisa da

sagadasaxado mogebis sxvaobidan. romelic, Tavis mxriv, warmoiSva finansuri da

sagadasaxado cveTis ganxvaxvavebidan, da sagadasaxado mizniT saangariSo wels

SeZenili materialuri aqtivebis periodis xarjad aRiarebiT.

saoperacio xarjebi

sxva saerTo xarjebi*

31.12.2007 31.12.2008 sÀÁÀnkoÊÏ áÀÒãÉ 747.21 9783.61ÐÒÄÓÀ 1290 947.4ÃÀÝÅÉÓ áÀÒãÄÁÉ 2220 2220ÓáÅÀ ÃÀ ÓáÅÀ 493.60 1431.89ÓÀÊÀÍÝÄËÀÒÉÏ áÀÒãÄÁÉ 1792.85 1111.34ÂÄÍÄÒÀÔÏÒÉÓ áÀÒãÄÁÉ 1144.04 2460ÓÀÍÏÔÀÒÏ áÀÒãÄÁÉ 131.44 152ÊÏÃÄØÓÉÈ ÌÏÌÓÀáÖÒÄÏÁÉÓ 360 450ÊÀÒÔÒÉãÉÓ áÀÒãÄÁÉ 1176.1 1283.59Ï×ÉÓÉÓ ÓÀØÏÍÄËÉ 4565 2000.22ÐÏËÉÂÒÀ×ÉÖËÉ áÀÒãÄÁÉ - 80 ÓÀ×ÏÓÔÏ áÀÒãÄÁÉ 435 273.1komunaluri xarjebi 12031.86 12172.42ÀÓËÄÁÉÓ ÂÀÃÀÙÄÁÀ 23.35 mivlinebis xarjebi 150 60kompiuteris xarjebi 2973.86 1714.8seifiT momsaxureoba 277.20 256.2

31.12.07 31.12.2008

sakabelo televiziis 156 156sakaso aparatis momsaxurebis 120 120kurieris xarjebi 147.72 reklamis xarjebi 416.809-momsaxureoba 98.80

sul 30236 37188

sakuTari kapitali

sakuTari kapitali warmodgenilia saaqcio kapitaliT (Cveulebrivi aqciebiT) 46577

lari.

Seuvsebeli kapitali asaxavs Svilobil ss saqarTvelos fasiani qaRaldebis

centraluri depozitaris gauTavsebel aqciebs 8800 lari, saemisio kapitalia 128252

lari, gadafasebis

rezervi warmoadgens aramaterialuri aqtivebis gadafasebis Tanxas 74600 lari.

sakuTar kapitalSi cvlilebebi dakavSirebulia saangariSo periodis mogebasTan.

saangariSo periodis konsolidirebulma saaRricxvo wminda mogebam Seadgina 219875

lari.

umciresobis wili saaRricxvo periodisa da akumulirebul mogebaSi gamoyofilia

calke.

generaluri direqtori vaxtang svanaZe