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 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.
for quarterly financial statements: May 25th 2010
Amounts expressed in €Amounts expressed in €
ASSETS31.03.201031.12.200931.03.201031.12.20091.1 to1.1 to1.1 to1.1 to
Tangible fixed assets8,115,921.648,203,334.048,115,921.648,203,334.04
Intangible fixed assets26,373.7027,157.2726,373.7027,157.27Sales Turnover7,958,960.957,946,891.937,958,960.957,513,730.57
Other non-current assets243,838.82245,083.82243,838.82245,083.82Gross profit / (loss)4,482,361.194,444,199.994,482,361.194,309,179.01
Inventories6,220,753.815,416,061.536,220,753.815,416,061.53Profit/(loss) before tax, interest,
Trade debtors17,034,371.7413,051,553.9617,034,371.7413,051,553.96investing results1,639,477.441,994,529.731,639,477.442,094,172.89
Other current assets4,073,439.004,066,500.904,073,439.004,066,500.90Profit/(loss) before tax1,604,541.121,907,738.301,604,541.122,013,140.93
TOTAL ASSETS35,714,698.7131,009,691.5235,714,698.7131,009,691.52Profit/(loss) after tax (Α)1,216,886.771,429,119.921,216,886.771,509,451.01
- Owners of the parent1,216,886.771,429,119.921,216,886.771,509,451.01
Paid up share capital8,313,146.008,313,146.008,313,146.008,313,146.00Other Profit/(loss) after tax (Β)
Other shareholders' equity11,212,570.689,995,683.9111,212,570.689,995,683.91Total Profit
Total Shareholder's Equity (a)19,525,716.6818,308,829.9119,525,716.6818,308,829.91after tax (Α) + (Β)1,216,886.771,429,119.921,216,886.771,509,451.01
- Owners of the parent1,216,886.771,429,119.921,216,886.771,509,451.01
Minority Rights (b) -Minority Shareholders'
Total Equity (c) = (a) + (b)19,525,716.6818,308,829.9119,525,716.6818,308,829.91
Profit after tax per share in (€)0.05560.06530.05560.0690
Long term liabilities7,204,000.005,204,000.007,204,000.005,204,000.00
Provisions / Other long term liabilities1,274,134.24890,673.641,274,134.24890,673.64Profit/(loss) before tax, interest,
Short term borrowing liabilities801,900.021,085,209.07801,900.021,085,209.07investing results and depreciation1,749,558.142,108,476.661,749,558.142,197,726.13
Other short term liabilities6,908,947.775,520,978.906,908,947.775,520,978.90
Total liabilities (d)16,188,982.0312,700,861.6116,188,982.0312,700,861.61
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)35,714,698.7131,009,691.5235,714,698.7131,009,691.52Amounts expressed in €
Opening balance
4. CASH FLOW STATEMENT(01.01.2010 & 01.01.2009 accordingly)18,308,829.9117,928,724.4318,308,829.9118,097,171.55
Amounts expressed in €Year's Profit / (loss)
GROUPCOMPANYafter taxes1,216,886.771,429,119.921,216,886.771,509,451.01
1.1 to1.1 to1.1 to1.1 toDividends0.
31.03.201031.03.200931.03.201031.03.2009Net income towards equity0.0028,081.300.000.00
Operating activitiesYear's end equity
Profit before tax 1,604,541.121,907,738.301,604,541.122,013,140.93(31.03.2010 & 31.03.2009 accordingly)19,525,716.6819,385,925.6519,525,716.6819,606,622.56
Increase / Decrease adjustments for:
Previsions0.0016,996.730.000.005. NOTES
Foreign Exchange Differences10,672,874.11-3,265.8910,672,874.11-3,265.89
Investing Activities Results (income, expences, profit & loss) 58,408.1553,464.8458,408.155,320.391.The basic accounting principles applied are consistent with those applied for the balance sheet as at 31/12/2009.
Interest Expense38,123.5586,391.4838,123.5578,776.46
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 inventories-804,692.28-1,067,633.99-804,692.28-938,018.35
Decrease/(increase) in receivables1,070,381,589.007,436,716.071,070,381,589.007,638,427.78
(Decrease)/increase in current liabilities (excluding borrowings)1,414,435.01118,079.831,414,435.01100,552.173.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-38,123.5510,651,026.76-38,123.55-78,776.46
Income taxes paid0. were no changes in the company's fiscal year period, therefore all information presented is comparable.
Total cash flows from operating activities (a)-1,042,006.43-2,161,375.41-1,042,006.43-1,817,707.97
Investing Activities5.The Financial Statements are not included in other consolidated financial statements published by other companies. As during the previous fiscal year in the Groups consolidated financial statements, subsidiary COSMOKID S.A., which was absorded by mother company in 2009, figures were included, during the current fiscal year Groups Financial Statements are posted for combarable reasons.
Purchase of tangible and intangible assets10,715,533.5110,677,895.1110,715,533.5110,706,564.41
Proceeds from sales of tangible and intangible assets0.0023,320.860.000.00
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 while other provisions amount to € 1.200.749,78.
Interest income4,398.231,855.614,398.230.06
Dividends income0.
Total cash flows from ivnesting activities (b)-17,486.50-34,346.66-17,486.50-30,853.77
Financing activities
Proceeds from minority rights in subsidiary's Paid up share capital0. number of staff employed by the Company is 77 as at the end of the reported period and was 74 accordingly at the end of the respective period.
Proceeds from increased capital0.
Proceeds from borrowings1,716,690.951,907,365.711,716,690.951,916,514.25
Inflow from Government Programs0.0069,327.000.0069,327.008.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.
Payments of leasing liabilities10,710,952.1010,720,534.8110,710,952.1010,720,534.81
Dividends paid0. 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:
Total cash flows from Financing activities (c)1,690,224.811,959,809.281,690,224.811,968,957.82
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)630,731.88-235,912.79630,731.88120,396.08GROUPCOMPANY
Cash and cash equivalents opening balance2,869,849.86931,599.602,869,849.86293,737.10 a) Sales of goods and services0.000.00
Cash and cash equivalents closing balance3,500,581.74695,686.813,500,581.74414,133.18 b) Purchase of goods and services0.000.00
c) Trade debtors0.000.00
Θεσσαλονίκη, 25 Μαΐου 2010 d) Liabilities0.000.00
e) Transactions & salaries of managerial staff and the board0.00174,033.48
f) Receivables fron managerial staff and the board0.000.00
g) Liabilities towards managerial staff and te board0.000.00