FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012008_30062008

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012008_30092008

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012008_30062008

17 October 2016



	AS COMPANY S.A.
	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 2008 ended in June 30th 2008
	In agreance with decision 6/448/11.10.2007 of the Hellenic Comission of Market Capitalization
	The figures presented below provide information about the financial position of AS COMPANY S.A.
	The reader who seeks to draft a completed figure of the company's financial statement and financial results, sould get access
	to the Company's web site, where the annual financial statements according to International Accounting Standards
	and Certified Auditors Accountant Audit Report are posted.


Company's web site				: www.ascompany.gr
Approval date from the B.O.D.
of quarterly periodic financial statements				: 31 Ιουλίου 2008


1.1 BALANCE SHEET								1.2 PROFIT AND LOSS STATEMENT
Amounts expressed in €								Amounts expressed in €

		GROUP		COMPANY						GROUP		COMPANY
ASSETS		30.06.2008	31.12.2007	30.06.2008	31.12.2007					1.1 -	1.1 -	1.1 -	1.1 -
										30.06.2008	30.06.2007	30.06.2008	30.06.2007
Tangible fixed assets		8,444,816.75	8,358,170.01	8,176,130.43	8,358,170.01
Intangible fixed assets		124,522.27	83,311.32	94,469.53	83,311.32		Sales Turnover			12,095,433.28	11,154,312.71	12,016,734.91	11,154,312.71
Other non current assets		204,872.67	168,143.77	518,093.60	168,143.77		Gross profit			7,153,518.60	6,015,935.69	7,105,526.01	6,015,935.69
Inventories		5,279,956.18	4,427,237.37	5,126,350.50	4,427,237.37		Profit/(loss) before tax, interest,
Trade debtors		16,512,963.33	14,827,625.01	16,477,013.58	14,827,625.01		and investing results			3039821.71	2,521,990.38	3,160,721.16	2,521,990.38
Other current assets		2,316,879.15	1,606,995.23	2,030,639.11	1,606,995.23
							Profit/(loss) before tax			2,857,498.59	2,315,835.28	2,977,981.20	2,315,835.28
TOTAL ASSETS		32,884,010.35	29,471,482.71	32,422,696.75	29,471,482.71
							Profit/(loss) after tax			2,149,271.03	1,804,200.91	2,232,974.58	1,804,200.91

SHAREHOLDERS' EQUITY AND LIABILITIES							Distribution:
							Company's shareholders			2,174,331.58	1,804,200.91	2,232,974.58	1,804,200.91
Paid up share capital		8,313,146.00	8,313,146.00	8,313,146.00	8,313,146.00		Minority Shareholders'			10,712,357.69	0.00	0.00	0.00
Other shareholders' equity		8,535,477.37	8,111,281.79	8,594,120.37	8,111,281.79		Profit after tax per share in (€)			0.0998	0.0828	0.1025	0.0828
Total shareholders' equity (a)		16,848,623.37	16,424,427.79	16,907,266.37	16,424,427.79
							Profit/(loss) before tax, interest,
Minority rights (b)		124,939.45	0.00	0.00	0.00		investing results and depreciation			3,303,039.83	2,788,245.02	3,415,483.47	2,788,245.02
Total equity (c) = (a) + (b)		16,973,562.82	16,424,427.79	16,907,266.37	16,424,427.79
								1.2a PROFIT AND LOSS STATEMENT
								Amounts expressed in €
Long term liabilities		4,166,000.00	3,332,800.00	4,166,000.00	3,332,800.00
Provisions/ Other long term liabilities		1,435,420.80	690,464.35	1,435,420.80	690,464.35					GROUP		COMPANY
Short term liabilities		426,042.26	1,630,610.57	426,042.26	1,630,610.57					1.4 -	1.4 -	1.4 -	1.4 -
Other short term liabilities		9,882,984.47	7,393,180.00	9,487,967.32	7,393,180.00					30.06.2008	30.06.2007	30.06.2008	30.06.2007
Total liabilities (d)		15,910,447.53	13,047,054.92	15,515,430.38	13,047,054.92
							Sales Turnover			4,910,230.22	4,243,815.76	4,831,531.85	4,243,815.76
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (e)=(a)+(d)		32,884,010.35	29,471,482.71	32,422,696.75	29,471,482.71		Gross profit			3,078,494.63	2,138,198.57	3,030,502.04	2,138,198.57
							Profit/(loss) before tax, interest,
							and investing results			934,637.87	784,238.07	1,055,537.32	784,238.07

							Profit/(loss) before tax			850,482.91	685,482.29	970,965.53	685,482.29

							Profit/(loss) after tax			568,291.94	511,231.15	651,995.49	511,231.15
	1.3 STATEMENT OF CHANGES IN EQUITY
	Amounts expressed in €						Distribution:
		GROUP		COMPANY			Company's shareholders			593,352.49	511,231.15	651,995.49	511,231.15
		30.06.2008	30.06.2007	30.06.2008	30.06.2007		Minority Shareholders'			10,712,357.69	0.00	0.00	0.00
							Profit after tax per share in (€)			0.0272	0.0234	0.0298	0.0234
Opening balance (01.01.2008& 01.01.2007 respectively)		16,424,427.79	14,876,955.79	16,424,427.79	14,876,955.79
Year's Profit / (loss) after taxes		2,149,271.03	1,804,200.91	2,232,974.58	1,804,200.91		Profit/(loss) before tax, interest,
Dividends		-1,750,136.00	1,072,429,222.00	-1,750,136.00	1,072,429,222.00		investing results and depreciation			1,069,324.60	914,915.22	1,181,768.23	914,915.22
Net income towards equity		0.00	0.00	0.00	0.00
Minority Stake in Subsidiary		150,000.00	0.00	0.00	0.00
Bought / (Sold) own shares		0.00	0.00	0.00	0.00		Notes:
Year end equity (31.03.2008 & 31.03.2007 respectively)		16,973,562.82	15,368,554.70	16,907,266.37	15,368,554.70	1.	The Company's tax returns have been audited by the tax authorities up to and including the fiscal year 2004, with the chance of an imposition of further taxation and surcharges throughout the year that will be reviewed and defined in the tax returns of the unaudited fiscal years. The results of the audit can not be projected at this time and therefore no relevant projection has been made that depicts the effect on the financial statements. Our subsidiary Cosmokid S.A. was incorporated in 2008 and has not filed any income tax return.


1.4 CASH FLOW STATEMENT						2.	All standard accounting pronciples have remained in force as in the 31.12.2007 Financial Statements.
Amounts expressed in €		GROUP		COMPANY		3.	No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented.
		1.1 -	1.1 -	1.1 -	1.1 -	4.	There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts. There was only the incorporation of the subsidiary company Cosmokid S.A. of which AS Company S.A. has 70% stake.
		30.06.2008	30.06.2007	30.06.2008	30.06.2007
Operating activities						5.	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Profit before tax		2,857,498.59	2,315,835.28	2,977,981.20	2,315,835.28	6.	During the 2nd quarter the company for the first time issued consolidated financial statements in which the results of its subsidiary Cosmokid S.A., with its corresponding stake of 70%, and date of incorporation 04/04/2008. The mother company's financial results are not incorporated in any other company's consolidated financial statements.
Increase / Decrease adjustments for:
Depreciation		263,218.12	266,254.64	254,762.31	266,254.64	7.	There is no mortgaging over company's fixed assets.
Previsions		0.00	0.00	0.00	0.00	8.	The purchases in tangible and intangible fixed assets for the 1st half 2008 were 412.711,22€. On a consolidated basis and 86.759,05€ for the mother company.
Investing Activities Results (income, expences, profit & loss)		-6,596.16	14,928.07	10,731,784.73	14,928.07	9.	There do not exist any types of arbitration or pending litigation matters that could have a material adverse effect on AS Company S.A. financial condition. As of 30/06/2008 there were provisions made on inventory of € 616.163,94 , receivables provision of € 368.595,89, and retirement provision of € 164.748,90. There were no other provisions made.
Interest Expense		188,565.19	222,216.20	188,373.47	222,216.20
Increase / Decrease adjustments for working capital:						10.	The profits per share were based on the average trading shares less the own owned shares aquired by the Company.
Decrease/(increase) in inventories		9,884,699.43	10,007,169.00	10,038,305.11	10,007,169.00	11.	The number of staff employed by the Company as at the end of period is 60 and it was 56 at the end of the respective period.
Decrease/(increase) in receivables		9,133,324.92	7,989,943.69	9,292,060.93	7,989,943.69		As of 31.12.2005 the Company has acquired through the Athens Stock Exchange 94.730 same shares at an average price of € 0,766 total €72.559,90. On 03/07/2008 it was decided by the BOD that these shares would be distributed to its employees based on specific criteria.
(Decrease)/increase in current liabilities (excluding borrowings)		2,802,382.70	2,461,471.99	2,407,365.55	2,461,471.99	12.
Minus :						13.	The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities at the end of the fiscal
Interest Received		10,548,853.05	10,515,202.04	10,549,044.77	10,515,202.04		period, which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Income taxes paid		10,458,815.38	10,496,859.68	10,458,815.38	10,496,859.68
Total cash flows from operating activities (a)		3,181,088.26	1,340,207.63	3,211,402.25	1,340,207.63
Investing Activities
Subsidiary		0.00	0.00	-350,000.00	0.00
Purchase of tangible and intangible assets		10,324,707.02	10,598,465.06	-86,759.04	10,598,465.06
Proceeds from sales of tangible and intangible assets		21,989.51	0.00	2,878.10	0.00		a) Sales of goods and services			0	11,677.65
Proceeds from sales (puschase) of securities		0.00	10,729,666.03	0.00	10,729,666.03		b) Purchase of goods and services			0	0.00
Interest income		12,995.98	4,922.43	12,387.43	4,922.43		c) Trade debtors			0	1,191.40
Dividends income		0.00	0.00	0.00	0.00		d) Liabilities			0	478.54
Total cash flows from ivnesting activities (b)		-377,725.73	-141,782.96	-71,493.51	-141,782.96		e) Transactions & salaries of managerial staff and the board			271160.83	262,247.58
Financing activities							f) Receivables fron managerial staff and the board			0	0.00
Proceeds from Subsidiary		150,000.00	0.00	0.00	0.00		g) Liabilities towards managerial staff and te board			0	5,457.98
Proceeds from share capital increase		0.00	277,006.49	0.00	277,006.49
Proceeds from borrowings		10,366,049.93	0.00	10,366,049.93	0.00				Thessaloniki, July 31st 2008
Borrowings paid		-33,975.38	-41,174.64	-33,975.38	-41,174.64
Dividends paid		-1,750,136.00	1,072,429,222.00	-1,750,136.00	1,072,429,222.00
Total cash flows from Financing activities ( c)		-2,005,479.69	-1,076,770.15	-2,155,479.69	-1,076,770.15
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + ( c)		797,882.84	121,654.52	984,429.05	121,654.52
Cash and cash equivalents opening balance		1,155,926.46	351,041.97	1,155,926.46	351,041.97
Cash and cash equivalents closing balance		1,953,809.30	472,696.49	2,140,355.51	472,696.49