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 June 30th 2010
Published according to law 4/507/28.04.2009 of the B.O.D. of the Capital Markets Committee
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.: August 25th 2010
Certified Auditor Accountant: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211
Auditing Association & Certified Auditing Firm: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148
Type of Review Opinion: Unqualified
Amounts expressed in €Amounts expressed in €
ASSETS30.06.201031.12.200930.06.201031.12.20091.1 to1.1 to1.1 to1.1 to
Tangible fixed assets8,015,339.018,203,334.048,015,339.018,203,334.04
Intangible fixed assets37,775.6027,157.2737,775.6027,157.27Sales Turnover10,510,496.2113,001,450.3210,510,496.2112,233,156.00
Other non-current assets242,734.48245,083.82242,734.48245,083.82Gross profit / (loss)5,838,444.797,161,034.695,838,444.796,839,210.74
Inventories6,271,366.425,416,061.536,271,366.425,416,061.53Profit/(loss) before tax, interest,
Trade debtors14,812,983.0013,051,553.9614,812,983.0013,051,553.96investing results1,478,488.412,651,842.691,478,488.412,800,832.63
Other current assets5,022,194.244,066,500.905,022,194.244,066,500.90Profit/(loss) before tax1,430,558.552,506,211.561,430,558.552,665,576.65
TOTAL ASSETS34,402,392.7531,009,691.5234,402,392.7531,009,691.52Profit/(loss) after tax (Α)830,196.141,812,479.41830,196.141,934,575.65
- Owners of the parent830,196.141,812,479.41830,196.141,934,575.65
Paid up share capital8,313,146.008,313,146.008,313,146.008,313,146.00fit/(loss) after tax (Β)
Other shareholders' equity9,732,045.059,995,683.919,732,045.059,995,683.91Total Profit
Total Shareholder's Equity (a)18,045,191.0518,308,829.9118,045,191.0518,308,829.91after tax (Α) + (Β)830,196.141,812,479.41830,196.141,934,575.65
- Owners of the parent830,196.141,812,479.41830,196.141,934,575.65
Minority Rights (b) -Minority Shareholders'
Total Equity (c) = (a) + (b)18,045,191.0518,308,829.9118,045,191.0518,308,829.91
Profit after tax per share in (€)0.03790.08280.03790.0884
Long term liabilities7,204,000.005,204,000.007,204,000.005,204,000.00
Provisions / Other long term liabilities1,227,732.46890,673.641,227,732.46890,673.64Profit/(loss) before tax, interest,
Short term borrowing liabilities534,600.001,085,209.07534,600.001,085,209.07investing results and depreciation1,698,101.052,876,348.731,698,101.053,004,437.75
Other short term liabilities7,390,869.245,520,978.907,390,869.245,520,978.90
Total liabilities (d)16,357,201.7012,700,861.6116,357,201.7012,700,861.61
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)34,402,392.7531,009,691.5234,402,392.7531,009,691.52Amounts expressed in €
1.4 to1.4 to1.4 to1.4 to
3. STATEMENT OF CHANGES IN EQUITY30.06.201030.06.200930.06.201030.06.2009
Amounts expressed in €
GROUPCOMPANYSales Turnover2,551,535.265,054,558.392,551,535.264,719,425.43
30.06.201030.06.200930.06.201030.06.2009Gross profit / (loss)1,356,083.602,716,834.701,356,083.602,530,031.73
Opening balanceProfit/(loss) before tax, interest,
(01.01.2010 & 01.01.2009 accordingly)18,308,829.9117,928,724.4318,308,829.9118,097,171.57investing results10,576,429.21657,312.9610,576,429.21706,659.74
Year's Profit / (loss) Profit/(loss) before tax10,563,435.67598,473.2610,563,435.67652,435.72
after taxes830,196.141,812,479.41830,196.141,934,575.65Profit/(loss) after tax (Α)10,350,540.61383,359.4810,350,540.61425,124.64
Dividends1,072,647,989.00-1,750,136.001,072,647,989.00-1,750,136.00 - Owners of the parent-386,877.63383,359.48-386,877.63425,124.64
Net income towards equity0.0028,081.300.000.00 - Minority Shareholders'
Year's end equity
(30.06.2010 & 30.06.2009 accordingly)18,045,191.0518,019,149.1418,045,191.0518,281,611.22fit/(loss) after tax (Β)
Total Profit
after tax (Α) + (Β)-386,877.63383,359.48-386,877.63425,124.64
4. CASH FLOW STATEMENT - Owners of the parent-386,877.63383,359.48-386,877.63425,124.64
Amounts expressed in € -Minority Shareholders'
1.1 to1.1 to1.1 to1.1 toProfit after tax per share in (€)-0.01770.0175-0.01770.0194
Operating activitiesProfit/(loss) before tax, interest,
Profit before tax 1,430,558.552,506,211.561,430,558.552,665,576.65investing results and depreciation10,685,961.15767,872.0710,685,961.15806,711.62
Increase / Decrease adjustments for:
Previsions-251,813.002,640.76-251,813.000.005. NOTES
Foreign Exchange Differences10,534,823.3510,653,124.9510,534,823.3510,653,124.95
Investing Activities Results (income, expences, profit & loss) 165,594.61129,855.21165,594.6182,413.441.The basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year 2009.
Interest Expense75,788.89148,165.2175,788.89135,231.83
Increase / Decrease adjustments for working capital:2.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 inventories9,882,113.3510,128,905.489,882,113.35-587,699.30
Decrease/(increase) in receivables9,320,051.029,466,316.699,320,051.02-1,311,395.88
(Decrease)/increase in current liabilities (excluding borrowings)909,537.63-331,901.20909,537.63-135,527.783.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-75,788.8910,589,253.03-75,788.89-135,231.83
Income taxes paid-79,638.0310,283,875.46-79,638.0310,283,875.464.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Total cash flows from operating activities (a)-81,414.60113,861.99-81,414.60379,136.18
Investing Activities5.The Financial Statements are not included in other consolidated financial statements published by other companies. During the previous fiscal year in the Groups consolidated financial statements were included figures of subsidiary COSMOKID S.A., which was absorded by mother company in 2009,during the current fiscal year Groups Financial Statements are posted for combarable reasons.
Purchase of tangible and intangible assets10,695,182.3010,591,074.0610,695,182.3010,621,719.56
Proceeds from sales of tangible and intangible assets0.0027,
Proceeds from sales of securities0. 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. Provisions for the unaudited tax years of AS Company have been made which amount to € 235.000,00 for the extraordinary one-off charge of social responsibility tax amount to € 252.000,00, while other provisions amount to € 1.200.749,78.
Interest income30,355.433,281.6030,355.43723.37
Dividends income0.
Total cash flows from ivnesting activities (b)-11,880.51-116,021.33-11,880.51-114,975.31
Financing activities
Proceeds from Subsidiary0. number of staff employed by the Company was 71 as at the end of the reported period and was 72 accordingly at the end of the previous respective period.
Proceeds from increased capital0.
Proceeds from borrowings1,449,390.932,000,000.001,449,390.932,000,000.00
Inflow from Government Programs0.0033,126.000.0033,126.008.Mother Company has been audited by the tax authorities up to and including the fiscal year 2004 while subsidiary company COSMOKID S.A.was established in 2008 and has not been audited until its absorption in 30.06.2009.
Borrowings paid0.0010,058,839.250.00-669,430.45
Payments of leasing liabilities10,683,573.9810,706,884.3510,683,573.9810,706,884.35
Dividends paid0. before tax of the period burdened with the obligation imposed under Article 5 of Law 3845/2010, special one-off charge of social responsibility, financial year 2010 (fiscal year 2009), amount to € 251.813,00. This sum will be paid in year 2011 once finalized and after receipt of the amount due for payment by the corresponding tax office.
Total cash flows from Financing activities (c)1,395,546.671,324,013.121,395,546.671,333,161.66
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)1,302,251.561,321,853.781,302,251.561,597,322.5310.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:
Cash and cash equivalents opening balance2,869,849.86931,599.602,869,849.86293,737.10
Cash and cash equivalents closing balance4,172,101.422,253,453.384,172,101.421,891,059.63
Thessaloniki, August 25th 2010 a) Sales of goods and services0.000.00
b) Purchase of goods and services0.000.00
c) Trade debtors0.000.00
d) Liabilities0.000.00
e) Transactions & salaries of managerial staff and the board335,689.75335,689.75
f) Receivables fron managerial staff and the board0.000.00
g) Liabilities towards managerial staff and te board0.000.00