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 2015
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:
Approval date from the B.O.D.
for annual financial statements: May 28th 2015
Amounts expressed in €Amounts expressed in €
ASSETS31.03.201531.12.20141.1 to1.1 to
Tangible fixed assets6,733,083.416,753,138.14
Intangible fixed assets5,281.796,405.72Sales Turnover5,756,443.205,232,465.66
Other non-current assets24,874.6622,019.66Gross profit / (loss)3,203,517.212,766,571.77
Inventories4,158,777.953,167,034.66Profit/(loss) before tax, interest,
Trade debtors11,165,852.608,440,245.03investing results1,162,690.67640,766.81
Other current assets6,994,284.118,469,495.99Profit/(loss) before tax1,037,096.21610,275.44
TOTAL ASSETS29,082,154.5226,858,339.20Profit/(loss) after tax (Α)818,144.37458,668.82
- Owners of the parent818,144.37458,668.82
SHAREHOLDERS' EQUITY AND LIABILITIES - Minority Shareholders'0.000.00
Paid up share capital9,975,775.209,975,775.20Other Profit/(loss) after tax (Β)0.000.00
Other shareholders' equity11,573,047.8610,754,903.49Total Profit
Total Shareholder's Equity (a)21,548,823.0620,730,678.69after tax (Α) + (Β)818,144.37458,668.82
- Owners of the parent818,144.37458,668.82
Minority Rights (b)0.000.00 -Minority Shareholders'0.000.00
Total Equity (c) = (a) + (b)21,548,823.0620,730,678.69Impact from revised IAS 190.0029,487.52
Profit after tax per share in (€)0.03120.0175
Long term liabilities2,375,000.002,375,000.00Intended dividend per share (in €)0.00000.0000
Provisions / Other long term liabilities677,424.25717,142.05Profit/(loss) before tax, interest,
Short term borrowing liabilities0.00258,757.59investing results and depreciation1,254,739.20731,112.95
Other short term liabilities4,480,907.212,776,760.87
Total liabilities (d)7,533,331.466,127,660.51
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)29,082,154.5226,858,339.20Amounts expressed in €
Opening balance
4. CASH FLOW STATEMENT(01.01.2015 & 01.01.2014 accordingly)20,730,678.6918,916,632.65
Amounts expressed in €Impact from revised IAS 190.000.00
Year's Profit / (loss)
1.1 to1.1 toafter taxes818,144.37458,668.82
Operating activitiesNet income towards equity0.000.00
Profit before tax 1,037,096.21610,275.44Year's end equity
Increase / Decrease adjustments for:(31.03.2015 & 31.03.2014 accordingly)21,548,823.0619,375,301.47
Foreign Exchange Differences10,452,774.87-15,024.485. NOTES
Investing Activities Results (income, expences, profit & loss) 143,235.9510,731,131.85
Interest Expense36,012.2751,802.251.In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year 2014, including the application using the revised International Accounting Standard (IAS) 19.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories9,745,674.95-965,420.682.There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding last year.
Decrease/(increase) in receivables-2,443,895.24-3,054,149.88
(Decrease)/increase in current liabilities (excluding borrowings)1,448,897.183,072,550.133.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-36,012.27-51,802.254.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Income taxes paid0.0010,553,369.06
Total cash flows from operating activities (a)-988,028.64-441,920.965.The Company does not prepare consolidated financial statements, the Financial Statements are not included in other consolidated financial statements published by other companies.
Investing Activities6.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 € 973.862,93 (please see note 5.7 in financial statement statements).
Purchase of tangible and intangible assets10,666,576.07-8,081.68
Proceeds from sales of tangible and intangible assets0.000.00
Proceeds from sales of securities803,478.91100,496.817.The number of staff employed by the Company was 72 employees (+23 seasonal employees) as at the end of the reported period and was 66 employees (+19 seasonal employees), accordingly at the end of the previous respective period..
Interest income23,247.6423,711.47
Dividends income0.000.008.The company applied in previous years the revised IAS 19, updated and in the current period. 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 is 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. Provisions for the employees have been made which amount to €365.756,23.
Total cash flows from ivnesting activities (b)755,884.38116,126.60
Financing activities
Proceeds from Subsidiary0.000.00
Proceeds from increased capital0.000.00
Proceeds from borrowings0.000.009.For the year 2014 the Company has been subject to tax audit of statutory auditors provided for by Article 65a of Law. 4174/2013. The audit is in progress and the related tax certificate is to be granted after the publication of the financial statements of the year. Upon completion of this tax audit, the B.O.D. does not expect anytax liabilities to arise apart from those recorded and presended in the financial statements. (please see note 5.9 in financial statement statements). For the open fiscal year 2010, whose audit is in progress, a provision has been reserved for € 50.000,00.
Inflow from Government Programs0.000.00
Borrowings paid10,478,660.650.00
Payments of leasing liabilities10,723,022.3910,724,061.89
Dividends paid0.000.00
Total cash flows from Financing activities (c)-273,153.44-13,356.35
Net increase / (Decrease) in cash 10.The Annual General Meeting of Company's Shareholders which was held on 05.08.2015 decided to reduce the company's share capital by the amount of € 1.050.081,60 by reducing the nominal value of each share by € 0,04 (from € 0,38 to € 0,34) and refund to the shareholders.
and cash equivalents (a) + (b) + (c)-505,297.70-339,150.71
Cash and cash equivalents opening balance3,829,808.204,634,053.01
Cash and cash equivalents closing balance3,324,510.504,294,902.3011.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:
Thessaloniki, May 28th 2015 a) Sales of goods and services0.00
b) Purchase of goods and services0.00
c) Trade debtors0.00
d) Liabilities0.00
e) Transactions & salaries of managerial staff and the board205,762.15
f) Receivables fron managerial staff and the board0.00
g) Liabilities towards managerial staff and the board0.00