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 2008 ended in March 31st 2008
In agreance with decision 2/396/31.08.2006 of the Hellenic Comission of Market Capitalization
The figures presented below provide information about the financial position of AS COMPANY S.A.
The reader who seeks to draft a completed figure of the company's financial statement and financial results, sould get access
to the Company's web site, where the annual financial statements according to International Accounting Standards
and Certified Auditors Accountant Audit Report are posted.
Company's web site:
Approval date from the B.O.D.
of quarterly periodic financial statements: 23 Μαΐου 2008
Amounts expressed in €Amounts expressed in €
Tangible fixed assets8,285,737.078,358,170.01Sales Turnover7,185,203.066,910,496.95
Intangible fixed assets104,490.8083,311.32Gross profit4,075,023.973,877,737.12
Other non current assets243,143.77168,143.77Profit/(loss) before tax, interest,
Inventories4,404,858.774,427,237.37and investing results 2,105,183.841,737,752.31
Trade debtors17,084,501.0614,827,625.01
Other current assets3,496,271.901,606,995.23Profit/(loss) before tax2,007,015.671,630,352.99
TOTAL ASSETS33,619,003.3729,471,482.71Profit/(loss) after tax 1,580,979.091,292,969.76
SHAREHOLDERS' EQUITY AND LIABILITIESCompany's shareholders1,580,979.091,292,969.76
Minority Shareholders'0.000.00
Paid up share capital8,313,146.008,313,146.00Profit after tax per share in (€)0.0720.059
Other shareholders' equity9,692,260.888,111,281.79
Total shareholders' equity (a)18,005,406.8816,424,427.79
Profit/(loss) before tax, interest,
Minority rights (b)0.000.00investing results and depreciation2,233,715.241,873,329.80
Total equity (c) = (a) + (b)18,005,406.8816,424,427.79
Long term liabilities4,166,000.003,332,800.00STATEMENT OF CHANGES IN EQUITY
Provisions/ Other long term liabilities1,191,500.93690,464.35Amounts expressed in €
Short term liabilities1,961,410.781,630,610.5731.03.200831.03.2007
Other short term liabilities8,294,684.787,393,180.00
Total liabilities (d)15,613,596.4913,047,054.92Opening balance (01.01.2008& 01.01.2007 respectively)16,424,427.7914,876,955.79
Year's Profit / (loss) after taxes1,580,979.091,292,969.76
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (e)=(a)+(d)33,619,003.3729,471,482.71Dividends0.000.00
Net income towards equity0.000.00
Bought / (Sold) own shares0.000.00
Year end equity (31.03.2008 & 31.03.2007 respectively)18,005,406.8816,169,925.55
Amounts expressed in €1.1-1.1 -1.The Company's tax returns have been audited by the tax authorities up to and including the fiscal year 2004, with the chance of an imposition of further taxation and surcharges throughout the year that will be reviewed and defined in the tax returns of the unaudited fiscal years. The results of the audit can not be projected at this time and therefore no relevant projection has been made that depicts the effect on the financial statements.
Operating activities2.All standard accounting pronciples have remained in force as in the 31.12.2007 Financial Statements.
Profit before tax2,007,015.671,630,352.993.No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented.
Increase / Decrease adjustments for:
Depreciation128,531.40135,577.494.There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts.
Previsions0.000.005.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Investing Activities Results (income, expences, profit & loss) -873.0410,731,727.396..The company does not report on a consolidated basis, or are its financial statements consolidated with another company's.
Interest Expense99,041.21113,090.17
Increase / Decrease adjustments for working capital:7.There is no mortgaging over company's fixed assets.
Decrease/(increase) in inventories22,378.609,808,654.538.The purchases in tangible and intangible fixed assets for the 1st quarter 2008 were 80.156,05€.
Decrease/(increase) in receivables8,432,701.00-6,142,931.999.There do not exist any types of arbitration or pending litigation matters that could have a material adverse effect on AS Company S.A. financial condition.
(Decrease)/increase in current liabilities (excluding borrowings)919,421.471,967,242.15
Minus :10.The profits per share were based on the average trading shares less the own owned shares aquired by the Company.
Interest Received10,638,377.0310,624,328.0711.The number of staff employed by the Company as at the end of period is 58 and it was 59 at the end of the respective period.
Income taxes paid0.000.00
Total cash flows from operating activities (a)771,756.86-3,344,213.9212.As of 31.12.2005 the Company has acquired through the Athens Stock Exchange 94.730 same shares at an average price of € 0,766 total €72.559,90.
Investing Activities13.The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities at the end of the fiscal
Purchase of tangible and intangible assets10,657,262.2010,671,915.58period, which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Proceeds from sales of tangible and intangible assets2,878.100.00 a) Sales of goods and services0.00
Proceeds from sales (puschase) of securities0.000.00 b) Purchase of goods and services0.00
Interest income8,003.683,196.85 c) Trade debtors0.00
Dividends income0.000.00 d) Liabilities21,446.03
Total cash flows from ivnesting activities (b)-69,274.26-62,305.81 e) Transactions & salaries of managerial staff and the board119,244.95
Financing activities f) Receivables fron managerial staff and the board0.00
Proceeds from share capital increase0.000.00 g) Liabilities towards managerial staff and te board0.00
Proceeds from borrowings1,164,000.213,542,234.68
Borrowings paid10,719,501.55-20,587.32Thessaloniki, May 23rd 2008
Dividends paid0.00-4,491.59
Total cash flows from Financing activities ( c)1,146,083.523,517,155.77
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + ( c)1,848,566.12110,636.04
Cash and cash equivalents opening balance1,155,926.46351,041.97
Cash and cash equivalents closing balance3,004,492.58461,678.01