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 2011
Published according to the decision 4/507/28.04.2009 of the B.O.D. of Helenic Republic Capital Market Commission
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 27th 2011
Amounts expressed in €Amounts expressed in €
ASSETS31.03.201131.12.20101.1 to1.1 to
Tangible fixed assets7,863,154.037,846,303.92
Intangible fixed assets51,291.7740,751.42Sales Turnover4,584,380.767,958,960.95
Other non-current assets267,637.95269,985.25Gross profit / (loss)2,567,837.074,482,361.19
Inventories5,155,312.265,605,117.57Profit/(loss) before tax, interest,
Trade debtors15,649,207.2612,718,906.55investing results909,050.431,639,477.44
Other current assets3,565,918.074,682,732.15Profit/(loss) before tax882,072.111,604,541.12
TOTAL ASSETS32,552,521.3431,163,796.86Profit/(loss) after tax (Α)691,584.301,216,886.77
- Owners of the parent691,584.301,216,886.77
SHAREHOLDERS' EQUITY AND LIABILITIES - Minority Shareholders'0.000.00
Paid up share capital8,313,146.008,313,146.00Other Profit/(loss) after tax (Β)0.000.00
Other shareholders' equity9,939,107.399,247,523.09Total Profit
Total Shareholder's Equity (a)18,252,253.3917,560,669.09after tax (Α) + (Β)691,584.301,216,886.77
- Owners of the parent691,584.301,216,886.77
Minority Rights (b)0.000.00 -Minority Shareholders'0.000.00
Total Equity (c) = (a) + (b)18,252,253.3917,560,669.09
Profit after tax per share in (€)0.03160.0556
Long term liabilities6,134,800.006,134,800.00
Provisions / Other long term liabilities1,021,799.32945,591.94Profit/(loss) before tax, interest,
Short term borrowing liabilities801,900.001,069,200.00investing results and depreciation1,017,546.011,749,558.14
Other short term liabilities6,341,768.635,453,535.83
Total liabilities (d)14,300,267.9513,603,127.77
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)32,552,521.3431,163,796.86Amounts expressed in €
4. CASH FLOW STATEMENTOpening balance
Amounts expressed in €(01.01.2011 & 01.01.2010 accordingly)17,560,669.0918,308,829.91
COMPANYYear's Profit / (loss)
1.1 to1.1 toafter taxes691,584.301,216,886.77
Operating activitiesNet income towards equity0.000.00
Profit before tax 882,072.111,604,541.12Year's end equity
Increase / Decrease adjustments for:(31.03.2011 & 31.03.2010 accordingly)18,252,253.3919,525,716.68
Foreign Exchange Differences10,601,817.7510,672,874.115. ΠΡΟΣΘΕΤΑ ΣΤΟΙΧΕΙΑ ΚΑΙ ΠΛΗΡΟΦΟΡΙΕΣ
Investing Activities Results (income, expences, profit & loss) 189,713.8158,408.15
Interest Expense48,296.7338,123.551.In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous period.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories449,805.31-804,692.282.There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding last year. During fiscal year 2011 the company changed the stock valuation method. (please see note 4.5 in financial statement notes).
Decrease/(increase) in receivables7,889,241.221,070,381,589.00
(Decrease)/increase in current liabilities (excluding borrowings)800,489.671,414,435.01
Minus :3.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.
Interest Paid10,689,121.51-38,123.55
Income taxes paid10,674,713.200.004.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Total cash flows from operating activities (a)-635,906.06-1,042,006.43
Investing Activities5.The Financial Statements are not included in other consolidated financial statements published by other companies. The company had consolidated financial statements up to 2009 including figures of subsidiary COSMOKID S.A. which was absorded by mother company in 2009.
Purchase of tangible and intangible assets-163,920.8610,715,533.51
Proceeds from sales of tangible and intangible assets27,934.800.00
Proceeds from sales of securities0.000.006.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. Provisions for the unaudited tax years of AS Company have been made which amount to € 305.000,00 while other provisions amount to € 1.441.350,82. (please see note 5.5 in financial statement notes).
Interest income21,831.634,398.23
Dividends income0.000.00
Total cash flows from ivnesting activities (b)-114,154.43-17,486.50
Financing activities
Proceeds from Subsidiary0.000.007.The number of staff employed by the Company was 69 employees (+27 seasonal) as at the end of the reported period and was 77 employees accordingly at the end of the previous respective period.
Proceeds from increased capital0.000.00
Proceeds from borrowings-267,300.001,716,690.95
Inflow from Government Programs0.000.008.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).
Borrowings paid0.000.00
Payments of leasing liabilities-25,966.2510,710,952.109.The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities of 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:
Dividends paid0.000.00
Total cash flows from Financing activities (c)-293,266.251,690,224.81
Net increase / (Decrease) in cash COMPANY
and cash equivalents (a) + (b) + (c)-1,043,326.74630,731.88 a) Sales of goods and services0.00
Cash and cash equivalents opening balance3,905,610.382,869,849.86 b) Purchase of goods and services0.00
Cash and cash equivalents closing balance2,862,283.643,500,581.74 c) Trade debtors0.00
d) Liabilities0.00
e) Transactions & salaries of managerial staff and the board160,606.24
f) Receivables fron managerial staff and the board0.00
g) Liabilities towards managerial staff and the board0.00
Thessaloniki, May 27th 2011