to the consolidated financial statements

Notes

December 31, 2015 and 2014

Note 1 - General information:

Note 2 - Summary of significant accounting policies:

Note 3 - Risk management:

Note 4 - Critical accounting judgments and key sources of uncertainty in estimates:

Note 5 - Category of financial instruments:

Note 6 - Credit quality of financial instruments:

Note 7 - Cash and cash equivalents:

Note 8 - Short-term and long-term loan portfolio-Net:

Note 9 - Other accounts receivable - Net:

Note 10 - Inventories:

Note 11 - Derivative financial instruments:

Note 12 - Investments in associates:

Note 13 - Investment properties - Net:

Note 14 - Property, furniture and equipment - Net:

Note 15 - Intangible assets - Net:

Note 16 - Provisions:

Note 17 - Bank Borrowings:

Note 18 - Issuance of Senior Notes:

Note 19 - Employee benefits:

Note 20 - Balances and transactions with related parties:

Note 21 - Costs and expenses by nature:

Note 22 - Income Tax:

Note 23 - Stockholders’ equity:

Note 24 - Contingencies and commitments:

Note 25 - Operating leases:

Note 26 - Segment information:

Note 27 - Authorization of issuance of consolidated financial statements: