FIGURES_AND_INFORMATION_FOR_THE_PERIOD_010114_310314

17 October 2016

Figures_and_Information_for_the_period_010114_311214

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_010114_310314

17 October 2016



	AS COMPANY S.A. COMMERCIAL INDUSTRIAL COMPUTER & TOY COMPANY
	General Trading Record Number 57546304000 - Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107 - Headquarters: Municipality of Oraiokastro County of Thessaloniki
	FINANCIAL STATEMENTS INFORMATION January 1st ended in March 31st 2014
	In accordance with Decision 4/507/28.04.2009 of the HCMC
	The figures presented below provide information about the financial position of AS Company S.A.
	The reader is reccommended, before entering into any investment activity
	with the company to access the Company's web site, where the annual financial statements
	and Certified Auditors Accountant Audit Report are posted.


Company's web site		: www.ascompany.gr
Approval date from the B.O.D.
for annual financial statements		: May 29th 2014


	1. BALANCE SHEET						2. STATEMENT OF COMPREHENSIVE INCOME
	Amounts expressed in €						Amounts expressed in €

ASSETS			31.03.2014	31.12.2013				1.1 to	1.1 to
								31.03.2014	31.03.2013
Tangible fixed assets			6,967,847.24	7,049,242.82
Intangible fixed assets			5,353.31	6,222.19		Sales Turnover		5,232,465.66	3,757,642.62
Other non-current assets			657,515.39	652,862.88		Gross profit / (loss)		2,766,571.77	1,761,225.58
Inventories			3,639,782.74	2,674,362.06		Profit/(loss) before tax, interest,
Trade debtors			11,440,145.70	8,264,898.33		investing results		640,766.81	123,168.70
Other current assets			6,602,746.93	7,166,138.53		Profit/(loss) before tax		610,275.44	145,483.68
TOTAL ASSETS			29,313,391.31	25,813,726.81		Profit/(loss) after tax (Α)		458,668.82	113,804.00
						- Owners of the parent		458,668.82	113,804.00
SHAREHOLDERS' EQUITY AND LIABILITIES						- Minority Shareholders'		0.00	0.00

Paid up share capital			9,975,775.20	9,975,775.20		Other Profit/(loss) after tax (Β)		0.00	0.00
Other shareholders' equity			9,399,526.27	8,940,857.45		Total Profit
Total Shareholder's Equity (a)			19,375,301.47	18,916,632.65		after tax (Α) + (Β)		458,668.82	113,804.00
						- Owners of the parent		458,668.82	113,804.00
Minority Rights (b)			0.00	0.00		-Minority Shareholders'		0.00	0.00
Total Equity (c) = (a) + (b)			19,375,301.47	18,916,632.65		Impact from revised IAS 19		0.00	4,960.82
						Profit after tax per share in (€)		0.0175	0.0052
Long term liabilities			625,000.00	625,000.00
Provisions / Other long term liabilities			956,435.04	949,255.58		Profit/(loss) before tax, interest,
Short term borrowing liabilities			2,250,000.00	2,250,000.00		investing results and depreciation		731,112.95	215,876.88
Other short term liabilities			6,106,654.80	3,072,838.58
Total liabilities (d)			9,938,089.84	6,897,094.16
							3. STATEMENT OF CHANGES IN EQUITY
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)			29,313,391.31	25,813,726.81			Amounts expressed in €
								31.03.2014	31.03.2013
						Opening balance
	4. CASH FLOW STATEMENT					(01.01.2014 & 01.01.2013 accordingly)		18,916,632.65	18,495,497.27
	Amounts expressed in €					Impact from revised IAS 19		0.00	-4,008.82
						Year's Profit / (loss)
			1.1 έως	1.1 έως		after taxes		458,668.82	113,804.00
			31.03.2014	31.03.2013		Dividends		0.00	0.00
Operating activities						Net income towards equity		0.00	0.00
Profit before tax			610,275.44	145,483.68		Year's end equity
Increase / Decrease adjustments for:						(31.03.2014 &ι 31.03.2013 accordingly)		19,375,301.47	18,605,292.45
Depreciation			90,346.14	92,708.18
Previsions			9,837.94	68,960.82
Foreign Exchange Differences			-15,024.48	10,710,232.18		5. NOTES
Investing Activities Results (income, expences, profit & loss)			10,731,131.85	-1,069.81
Interest Expense			51,802.25	13,072.78	1.	In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year 2013, including the first application in 2013 using the revised International Accounting Standard (IAS) 19.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories			-965,420.68	9,721,342.05	2.	There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding last year (taking account of the revised IAS 19).
Decrease/(increase) in receivables			-3,054,149.88	8,731,477.03
(Decrease)/increase in current liabilities (excluding borrowings)			3,072,550.13	1,854,967.02	3.	There weren't any company proceedings such as take over, sale, merger of other company or branch, secession of branch and reorganization, neither break in any operation.
Minus :
Interest Paid			-51,802.25	10,724,345.46	4.	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Income taxes paid			10,553,369.06	0.00
Total cash flows from operating activities (a)			-441,920.96	-888,153.57	5.	The Company does not prepare consolidated financial statements, the Financial Statements are not included in other consolidated financial statements published by other companies.

Investing Activities					6.	There do not exist any types of arbitration or pending litigation matters of the Company that could have a material adverse effect on financial condition or operation of the Company and therefore there do not exist any corresponding provisions, except of those that are fully analyzed in financial statements. Other provisions have been made which amount to € 2.409.351,04 (please see note 5.7 in financial statement statements).
Subsidiary			0.00	0.00
Purchase of tangible and intangible assets			-8,081.68	10,583,175.96
Proceeds from sales of tangible and intangible assets			0.00	0.00
Proceeds from sales of securities			100,496.81	0.00	7.	The number of staff employed by the Company was 66 employees (+19 seasonal) as at the end of the reported period and was 69 employees (+23 seasonal), accordingly at the end of the previous respective period.
Interest income			23,711.47	36,304.77
Dividends income			0.00	0.00	8.	The company applied for first time the revised IAS 19 which required the revision of the previous years financial statements. The modification of the relative accounting policy has occurred in accordance with the provisions of IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" . As it mentioned in the Annual Financial Statements the transition to the revised IAS 19 has an impact on the obligation of certain benefits due to the recognition of accumulated unrecognized actuarial gains / losses. As a result of the retrospective application of IAS 19, the after tax results of the comparative period are increased by € 1.375,34 the total cumulative revenues are stated lower by € 4.960,82 and equity is stated increased by € 66.864,65.
Total cash flows from ivnesting activities (b)			116,126.60	-117,937.51
Financing activities
Proceeds from Subsidiary			0.00	0.00
Proceeds from increased capital			0.00	0.00
Proceeds from borrowings			0.00	0.00
Inflow from Government Programs			0.00	0.00	9.	In the year 2013 the tax audit was conducted and completed for the unaudited fiscal years 2005 to 2009. The incremental amount of taxes and penalties that occurred was EUR 231,387.03 payable in installments. For the corresponding unaudited years the company had recorded provisions amounting to 235.000,00 euros, covering the amount of taxes and penalties resulting from the audit. The positive difference resulting from the provision, ie EUR 3,612.97, will reduce the tax of fiscal year 2013. For the open fiscal year 2010 a provision has been reserved for € 50.000,00. For the fiscal year 2013 the Company has been subject to tax audit of the Statutory Auditors provided by the provisions of paragraph 5 of Article 82 of Law 2238/1994. This audit is in progress and the relevant tax certificate will be provided after the publication of the financial statements . Upon completion of the tax audit, the Company's management does not anticipate to occur tax obligations beyond those recognized and reported in the financial statements. (please see note 5.9 in financial statement statements).
Borrowings paid			0.00	10,529,368.89
Payments of leasing liabilities			10,724,061.89	10,724,488.37
Dividends paid			0.00	0.00
Total cash flows from Financing activities (c)			-13,356.35	-220,979.22
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)			-339,150.71	-1,227,070.30
Cash and cash equivalents opening balance			4,634,053.01	6,985,073.68
Cash and cash equivalents closing balance			4,294,902.30	5,758,003.38
					10.	According to Article 72 of Law 4172/2013 and based on the decision of the Extraordinary General Assembly of Shareholders conducted on 27.12.2013, the following were decided: a) increase of the share capital by the total amount of 1.662.629,20 €, which resulted from the capitalization of tax free reserves, gains from investments and securities, taxed reserves from prior years profits and the capitalization of taxed retained earnings, and (b) issuing of 4.375.340 new shares, of nominal value 0,38 € each , which were offered free to the shareholders, with a ratio of 2 new shares for 10 old shares.

		Thessaloniki, May 29th 2014


					11.	The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities of the Group and the Company at the end of the fiscal period which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:


						a) Sales of goods and services		0.00
						b) Purchase of goods and services		0.00
						c) Trade debtors		0.00
						d) Liabilities		0.00
						e) Transactions & salaries of managerial staff and the board		194,722.71
						f) Receivables fron managerial staff and the board		0.00
						g) Liabilities towards managerial staff and the board		0.00