Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107, General Trading Record Number 57546304000, Headquarters: Municipality of Oraiokastro County of Thessaloniki
FINANCIAL STATEMENTS INFORMATION January 1st ended in March 31st 2013
Published according to law 4/507/28.04.2009 of the HCMC Board of Directors
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 financial statements: May 29th 2013
Amounts expressed in €Amounts expressed in €
ASSETS31.03.201331.12.20121.1 to1.1 to
Tangible fixed assets7,305,467.747,240,641.57
Intangible fixed assets13,536.3016,921.64Sales Turnover3,757,642.625,359,005.98
Other non-current assets511,545.27386,033.84Gross profit / (loss)1,761,225.582,799,023.90
Inventories3,489,551.182,473,474.99Profit/(loss) before tax, interest,
Trade debtors10,404,261.128,388,697.51investing results128,129.52719,274.63
Other current assets6,153,509.347,455,119.05Profit/(loss) before tax150,444.50735,894.30
TOTAL ASSETS27,877,870.9525,960,888.60Profit/(loss) after tax (Α)112,428.66614,476.63
- Owners of the parent112,428.66614,476.63
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' equity10,225,281.8010,112,853.15Total Profit
Total Shareholder's Equity (a)18,538,427.8018,425,999.15after tax (Α) + (Β)112,428.66614,476.63
- Owners of the parent112,428.66614,476.63
Minority Rights (b)0.000.00 -Minority Shareholders'0.000.00
Total Equity (c) = (a) + (b)18,538,427.8018,425,999.15
Profit after tax per share in (€)0.00510.0281
Long term liabilities2,000,000.002,000,000.00
Provisions / Other long term liabilities946,829.891,046,766.60Profit/(loss) before tax, interest,
Short term borrowing liabilities857,550.651,065,600.00investing results and depreciation220,837.70824,807.83
Other short term liabilities5,535,062.613,422,522.85
Total liabilities (d)9,339,443.157,534,889.45
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)27,877,870.9525,960,888.60Amounts expressed in €
4. CASH FLOW STATEMENTOpening balance
Amounts expressed in €(01.01.2013 & 01.01.2012 accordingly)18,425,999.1418,234,555.85
Year's Profit / (loss)
1.1 to1.1 toafter taxes112,428.66614,476.63
Operating activitiesNet income towards equity0.000.00
Profit before tax 150,444.50735,894.30Year's end equity
Increase / Decrease adjustments for:(31.03.2013 & 31.03.2012 accordingly)18,538,427.8018,849,032.48
Foreign Exchange Differences10,710,232.1814,985.675. NOTES
Investing Activities Results (income, expences, profit & loss) -1,069.81-60,395.50
Interest Expense13,072.7827,815.341.In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year 2012.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories-1,016,076.19-226,073.552.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 receivables-2,005,941.218,624,971.49
(Decrease)/increase in current liabilities (excluding borrowings)1,854,967.021,067,112.26
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 Paid10,724,345.4610,709,602.90
Income taxes paid0.000.00
Total cash flows from operating activities (a)-888,153.57-340,112.124.There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Investing Activities
Subsidiary0.000.005.The Company does not prepare consolidated financial statements, the Financial Statements are not included in other consolidated financial statements published by other companies.
Purchase of tangible and intangible assets10,583,175.9610,698,082.85
Proceeds from sales of tangible and intangible assets0.000.00
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, except of those that are fully analyzed in financial statements.. Other provisions have been made which amount to € 2.320.072,77. (please see note 5.7 in financial statement notes).
Interest income36,304.7744,718.98
Dividends income0.000.00
Total cash flows from ivnesting activities (b)-117,937.515,383.59
Financing activities
Proceeds from Subsidiary0.000.007.The number of staff employed by the Company was 69 employees (+23 seasonal) as at the end of the reported period and was 68 employees (+32 seasonal), accordingly at the end of the previous respective period. Provisions have been made for personnel severance pay due to retirement amount to € 256.653,03.
Proceeds from increased capital0.000.00
Proceeds from borrowings0.000.00
Inflow from Government Programs0.000.008.In 2013 we were audited for the unaudited fiscal years 2005 to 2009. The excess ammount of taxes and surcharges that were charged amounted to 231.387,03€. For the unaudited fiscal years provisions were made amounting to 235.000,00 €, covering the amount of taxes and surcharges that were charged from the audit. The positive difference resulting from the provisions, that is 3.612,97€, will reduce the tax for fiscal year 2013. For the only unaudited fiscal year 2010 a provision has been made amounting to €50.000,00. For fiscal year 2012 the Company has been subject to tax audit of the statutory auditors provided by the provisions of paragraph 5 of Article 82 of Law 2238/1994. This audit is progress and the related tax certificate will be provided after the publication of financial statements for the year. Upon completion of this tax audit, the Company's management does not expect to emerge tax liabilities beyond those recorded and disclosed in financial statements. (please see note 5.9 in financial statement notes).
Borrowings paid-208,049.35-267,175.36
Payments of leasing liabilities10,724,488.3710,715,074.62
Dividends paid0.000.00
Total cash flows from Financing activities (c)-220,979.22-289,518.98
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)-1,227,070.30-624,247.51
Cash and cash equivalents opening balance6,985,073.684,834,018.90
Cash and cash equivalents closing balance5,758,003.384,209,771.39
9.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:
Thessaloniki, May 29th 2013
a) Sales of goods and services0.00
b) Purchase of goods and services0.00
c) Trade debtors0.00
d) Liabilities0.00
e) Transactions & salaries of managerial staff and the board159,180.67
f) Receivables fron managerial staff and the board0.00
g) Liabilities towards managerial staff and the board0.00