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 December 31st 2010
Published according to law 2190/20, article 135 for companies publishing their Annual Consolidated and Non Consolidated Financial Statements in accordance to the International Accounting Standards
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.
Supervising AuthorityMinistry of Finance-Societe AnonymeANDREADIS Κ. EFSTRATIOS: President & CEO of the B.O.D.Executive Member
Company's web site: www.ascompany.grANDREADOU Ε. ANASTASIA: Vice-President of the B.O.D.Executive Member
Approval date from the B.O.D.ANDREADIS Ε. KONSTANTINOS: Member of the B.O.D.Executive Member
for annual financial statements: March 24th 2011RIZOPOULOS P. KONSTANTINOS: Member of the B.O.D.Independent non-executive Member
Certified Auditor Accountant: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211VASILAKERIS V. MORFIS: Member of the B.O.D.Non-executive Member
Auditing Association & Certified Auditing Firm: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148MEXTERIDIS Ι. THEOFILOS: Member of the B.O.D.Non-executive Member
Type of Review Opinion: Unqualified
Amounts expressed in €Amounts expressed in €
ASSETS31.12.201031.12.200931.12.201031.12.20091.1 to1.1 to1.1 to1.1 to
Tangible fixed assets7,846,303.918,203,334.047,846,303.918,203,334.04
Intangible fixed assets40,751.4227,157.2740,751.4227,157.27Sales Turnover20,976,334.0525,832,010.3920,976,334.0525,063,716.07
Other non-current assets269,985.25245,083.82269,985.25245,083.82Gross profit / (loss)9,873,820.0813,105,528.419,873,820.0812,783,704.46
Inventories5,605,117.575,416,061.535,605,117.575,416,061.53Profit/(loss) before tax, interest,
Trade debtors12,718,906.5513,051,553.9612,718,906.5513,051,553.96investing results1,070,304.103,551,903.281,070,304.103,700,893.22
Other current assets4,682,732.154,066,500.904,682,732.154,066,500.90Profit/(loss) before tax953,434.593,313,294.23953,434.593,472,659.32
TOTAL ASSETS31,163,796.8631,009,691.5231,163,796.8631,009,691.52Profit/(loss) after tax (Α)345,674.172,124,839.02345,674.172,246,935.27
- Owners of the parent345,674.172,124,839.02345,674.172,246,935.27
Paid up share capital8,313,146.008,313,146.008,313,146.008,313,146.00Other Profit/(loss) after tax (Β)
Other shareholders' equity9,247,523.099,995,683.919,247,523.099,995,683.91Total Profit
Total Shareholder's Equity (a)17,560,669.0918,308,829.9117,560,669.0918,308,829.91after tax (Α) + (Β)345,674.172,124,839.02345,674.172,246,935.27
- Owners of the parent345,674.172,124,839.02345,674.172,246,935.27
Minority Rights (b) -Minority Shareholders'
Total Equity (c) = (a) + (b)17,560,669.0918,308,829.9117,560,669.0918,308,829.91
Profit after tax per share in (€)0.01580.09710.01580.1027
Long term liabilities6,134,800.005,204,000.006,134,800.005,204,000.00Intended dividend per share (in €)0.00000.05000.00000.0500
Provisions / Other long term liabilities945,591.94890,673.64945,591.94890,673.64Profit/(loss) before tax, interest,
Short term borrowing liabilities1,069,200.001,085,209.071,069,200.001,085,209.07investing results and depreciation1,507,951.933,991,757.211,507,951.934,119,846.23
Other short term liabilities5,453,535.835,520,978.905,453,535.835,520,978.90
Total liabilities (d)13,603,127.7712,700,861.6113,603,127.7712,700,861.61
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)31,163,796.8631,009,691.5231,163,796.8631,009,691.52Amounts expressed in €
4. CASH FLOW STATEMENTOpening balance
Amounts expressed in €(01.01.2010 & 01.01.2009 accordingly)18,308,829.9117,928,724.4318,308,829.9118,097,171.57
GROUPCOMPANYYear's Profit / (loss)
1.1 to1.1 to1.1 to1.1 toafter taxes345,674.172,124,839.02345,674.172,246,935.27
Operating activitiesNet income towards equity0.005,402.460.0010,452,277.31
Profit before tax 953,434.593,313,294.23953,434.593,472,659.32Year's end equity
Increase / Decrease adjustments for:(31.12.2010 & 31.12.2009 accordingly)17,560,669.0818,308,829.9117,560,669.0818,308,829.91
Foreign Exchange Differences-502,534.5810,664,785.72-502,534.5810,664,785.725. NOTES
Investing Activities Results (income, expences, profit & loss) 470,672.61-770,504.29470,672.61-230,634.67
Interest Expense160,953.67229,915.75160,953.67229,915.751.In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories-189,056.041,275,845.76-189,056.041,275,845.762.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 receivables758,183.431,436,669.38758,183.431,436,669.38
(Decrease)/increase in current liabilities (excluding borrowings)392,572.37-1,117,778.12392,572.37-1,117,778.123.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-160,953.6710,507,502.49-160,953.6710,507,502.49
Income taxes paid9,801,452.839,364,453.399,801,452.839,364,453.394.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Total cash flows from operating activities (a)1,384,954.803,122,026.731,384,954.803,821,261.44
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 assets10,635,803.1210,064,344.5610,635,803.1210,064,344.56
Proceeds from sales of tangible and intangible assets34.6964.7334.6964.73
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 € 285.000,00 while other provisions amount to € 1.373.711,70. (please see note 5.5 in financial statement notes).
Interest income45,997.462,847.9845,997.462,847.98
Dividends income0.0058.270.0058.27
Total cash flows from ivnesting activities (b)-55,582.97-280,102.70-55,582.97-280,102.70
Financing activities
Proceeds from Subsidiary0. number of staff employed by the Company was 72 as at the end of the reported period and was 75 accordingly at the end of the previous respective period.
Proceeds from increased capital0.
Proceeds from borrowings914,790.93830,733.45914,790.93830,733.458.The Company has been audited by the tax authorities up to and including the fiscal year 2004 (please see note 5.4 in financial statement notes).
Inflow from Government Programs0.0046,218.000.0046,218.00
Borrowings paid0. before tax for the period were burdened with the obligation imposed under Article 5 of Law 3845/2010, special one-off charge of social responsibility, amounting to € 250.820,21, this sum will be paid in 12 instalments for year 2011. During 2010 the Company paid 12 instalments the amount of € 274.807,61 regarding the extraordinary tax charge under Article 5 of Law 3808/2009.
Payments of leasing liabilities10,622,851.0010,645,556.8110,622,851.0010,645,556.81
Dividends paid1,072,647,989.00-1,750,136.001,072,647,989.00-1,750,136.00
Total cash flows from Financing activities (c)-293,611.31-965,045.98-293,611.31-965,045.98
Net increase / (Decrease) in cash 10.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:
and cash equivalents (a) + (b) + (c)1,035,760.521,876,878.051,035,760.522,576,112.76
Cash and cash equivalents opening balance2,869,849.86992,971.812,869,849.86293,737.10
Cash and cash equivalents closing balance3,905,610.382,869,849.863,905,610.382,869,849.86Ο ΟΜΙΛΟΣΗ ΕΤΑΙΡΕΙΑ
a) Sales of goods and services0.000.00
Thessaloniki, March 24th 2011 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 board703,314.66703,314.66
f) Receivables fron managerial staff and the board0.000.00
g) Liabilities towards managerial staff and the board0.000.00