Supervisory Board of Inter Cars S.A., in compliance with rules of Corporate Governance adapted by the Company, made assessment of company’s situation for 2011. The opinion was issued on the basis of a report of the Board, financial report for previous year and information gained by the Board.

From achievements reached in 2011, one which needs special honourable mention is dynamic development of core activity of Capital Group. Product range of Inter Cars is the widest in Eastern Europe. New branches join distribution chain, which now equals 147 branches in Poland and 102 abroad. Development of distribution chain and constant development of product range also influence the position of the Company on the market. Economic situation was assessed as positive, thanks to keeping financial liquidity and possibility of paying debts.

Balance sheet for 2011 on assets and liabilities side was amount of 1,498,178 thousand PLN. Profit/loss sheet for 2011 recorded a net profit of 104,339 PLN. Equity capital was increased by amount of 105,439 thousand PLN and cash flow statement also recorded an increase of net assets by amount of 4,202 thousand PLN.

Supervisory Board assessed work of Management Board as effective in realizing strategic aims of Capital Group. Dynamic growth of distribution chain influenced increase of sales revenue. Bigger and bigger brand recognition of Inter Cars let us gain new customers and develop operational activity. Besides development of product range, the company also implemented new forms of sales support.
These factors influenced recommending to General Meeting of Shareholders giving vote of acceptance for the Board of Inter Cars S.A. for activities performed in 2011.