FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012008_31122008

17 October 2016

CERTIFIED_AUDITORS_ACCOUNTANTS_REVIEW_01012009_30062009

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012008_31122008

17 October 2016



	AS COMPANY S.A. COMMERCIAL INDUSTRIAL COMPUTER & TOY COMPANY
	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 December 31st 2008
	Published according to law 2190/20, art. 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. and AS Company Group.
	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 INFORMATION DATA							BOARD OF DIRECTORS
Supervising Authority		: Ministry of Development
Company's web site		: www.ascompany.gr					ANDREADIS K. EFSTRATIOS:		President & CEO			Executive Member
Approval date from the B.O.D.							ANDREADOU ANASTASIA E.:		Vice-President of the B.O.D.			Executive Member
for annual financial statements		: March 20th 2009					ANDREADIS Ε. KONSTANTINOS:		Member of B.O.D.			Executive Member
Certified Auditor Accountant		: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211					RIZOPOULOS P. KONSTANTINOS:		Member of B.O.D.			Independent non-executive Member
Auditing Association & Certified Auditing Firm		: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148					VASILAKERIS V. MORFIS:		Member of B.O.D.			Independent non-executive Member
Type of Review Opinion		: Unqualified


	1.1 BALANCE SHEET							1.2 PROFIT AND LOSS STATEMENT
	Amounts expressed in €							Amounts expressed in €
		GROUP		COMPANY						GROUP		COMPANY
ASSETS		31.12.2008	31.12.2007	31.12.2008	31.12.2007					1.1 to	1.1 to	1.1 to	1.1 to
										31.12.2008	31.12.2007	31.12.2008	31.12.2007
Tangible fixed assets		8,424,386.94	8,358,170.01	7,976,435.37	8,358,170.01
Intangible fixed assets		27,841.24	83,311.32	0.00	83,311.32		Sales Turnover			27,245,709.32	25,817,738.34	26,606,519.22	25,817,738.34
Other non-current assets		438,670.84	168,143.77	716,048.05	168,143.77		Gross profit / (loss)			13,827,248.88	12,749,696.42	13,510,594.72	12,749,696.42
Inventories		6,989,276.01	4,427,237.37	6,691,907.29	4,427,237.37		Profit/(loss) before tax, interest,
Trade debtors		15,075,360.54	14,827,625.01	14,780,919.60	14,827,625.01		investing results			4,838,790.14	4,238,676.37	5,218,527.10	4,238,676.37
Other current assets		1,937,741.07	1,606,995.23	1,198,916.28	1,606,995.23		Profit/(loss) before tax			4,335,304.23	3,745,107.97	4,726,439.35	3,745,107.97
TOTAL ASSETS		32,893,276.64	29,471,482.71	31,364,226.59	29,471,482.71
							Profit/(loss) after tax			3,144,367.45	2,854,390.20	3,422,879.78	2,854,390.20
SHAREHOLDERS' EQUITY AND LIABILITIES							Distribution:
							Company's shareholders			3,144,367.45	2,854,390.20	3,422,879.78	2,854,390.20
Paid up share capital		8,313,146.00	8,313,146.00	8,313,146.00	8,313,146.00		Minority Shareholders'			0.00	0.00	0.00	0.00
Other shareholders' equity		9,615,578.43	8,111,281.79	9,784,025.57	8,111,281.79		Profit after tax per share in (€)			0.1437	0.1305	0.1565	0.1305
Total Shareholder's Equity (a)		17,928,724.43	16,424,427.79	18,097,171.57	16,424,427.79		Intended divident per share in (€)			0.0800	0.0800	0.0800	0.0800
							Profit/(loss) before tax, interest,
Minority Rights (b)		0.00	0.00	0.00	0.00		investing results and depreciation			5,451,183.91	4,757,950.40	5,802,059.69	4,757,950.40
Total Equity (c) = (a) + (b)		17,928,724.43	16,424,427.79	18,097,171.57	16,424,427.79

Long term liabilities		4,332,000.00	3,332,800.00	3,332,000.00	3,332,800.00
Provisions / Other long term liabilities		793,105.34	690,464.35	785,933.90	690,464.35			1.3 STATEMENT OF CHANGES IN EQUITY
Short term borrowing liabilities		2,135,624.16	1,630,610.57	2,126,475.62	1,630,610.57			Amounts expressed in €
Other short term liabilities		7,703,822.71	7,393,180.00	7,022,645.50	7,393,180.00					GROUP		COMPANY
Total liabilities (d)		14,964,552.21	13,047,054.92	13,267,055.02	13,047,054.92					31.12.2008	31.12.2007	31.12.2008	31.12.2007
							Opening balance
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)		32,893,276.64	29,471,482.71	31,364,226.59	29,471,482.71		(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			3,144,367.45	2,854,390.20	3,422,879.78	2,854,390.20
							Dividends			-1,750,136.00	1,072,429,222.00	-1,750,136.00	1,072,429,222.00
							Net income towards equity			110,065.19	5,683.80	0.00	5,683.80
	1.4 CASH FLOW STATEMENT						Year's end equity
	Amounts expressed in €						(31.12.2008 & 31.12.2007 respectively)			17,928,724.43	16,424,427.79	18,097,171.57	16,424,427.79
		GROUP		COMPANY
		1.1 to	1.1 to	1.1 to	1.1 to
		31.12.2008	31.12.2007	31.12.2008	31.12.2007		Notes:
Operating activities						1.	The basic accounting principles applied are consistent with those applied for the balance sheet as at 31/12/2007.
Profit before tax		4,335,304.23	3,745,107.97	4,726,439.35	3,745,107.97	1.
Increase / Decrease adjustments for:						2.	During the present fiscal year the subsidiary company COSMOKID S.A. was established of wich AS COMPANY S.A. has 100% stake, which in turn incorporated COSMOKID ALBANIA LTD, headquarters in Tirana, pwith all 100% stake. (please see note 5.2 in the financial statement notes). There were no other buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts.
Depreciation		612,393.77	519,274.03	583,532.59	519,274.03
Previsions		12,646.61	28,381.23	5,475.16	28,381.23
Foreign Exchange Differences		9,914,221.42	0.00	9,914,221.42	0.00
Investing Activities Results (income, expences, profit & loss)		816,692.31	-12,928.90	820,477.21	-12,928.90	3.	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Interest Expense		508,449.51	528,690.35	496,317.55	528,690.35	4.	The Financial Statements are not included in other consolidated financial statements published by other companies.
Increase / Decrease adjustments for working capital:						5.	AS COMPANY S.A. 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 for it's first fiscal year (please see note 5.4 in financial statement notes).
Decrease/(increase) in inventories		8,175,379.60	9,860,575.21	8,472,748.32	9,860,575.21	5.
Decrease/(increase) in receivables		9,980,702.13	9,047,949.65	10,314,733.16	9,047,949.65
(Decrease)/increase in current liabilities (excluding borrowings)		10,212,222.58	1,735,613.31	-1,206,372.87	1,735,613.31	6.	There do not exist any types of arbitration or pending litigation matters that could have a material adverse effect on AS Company S.A. & COSMOKID S.A. financial condition and therefore there do not exist any corresponding provisions. During the published fiscal year provisions for the unaudited tax years of AS Company have been made which amount to € 190.000,00 other provisions for slow moving stock amounting to € 1.116.163,94 and bad debt provisions amounting to € 632.570,06 have also been incorporated.
Minus :
Interest Paid		10,228,968.73	10,208,727.89	10,241,100.69	10,208,727.89
Income taxes paid		10,277,938.64	9,889,140.70	10,277,938.64	9,889,140.70
Total cash flows from operating activities (a)		650,410.09	2,600,858.48	959,520.02	2,600,858.48
						7.	The number of staff employed by the subsidiary and mother company as at the end of fical year is 73 & 57 accordingly and was 58 & 58 accordingly at the end of the respective period.
Investing Activities
Subsidiary		0.00	0.00	-390,000.00	0.00	8.	There is no mortgaging over company's and groups fixed assets.
Purchase of tangible and intangible assets		-660,097.68	10,536,148.40	10,597,972.17	10,536,148.40	9.	The Company, had previously acquired through the Athens Stock Exchange 94.730 own shares at an average price of €0,766 totalling € 72.559,90 an amount which reduced the total shareholders equity of the Group and the Company . On 03/07/2008, the BOD decided, these shares would be distributed to its employees based on specific criteria.
Proceeds from sales of tangible and intangible assets		40,305.05	0.00	21,193.64	0.00
Proceeds from sales of securities		0.00	10,729,666.03	0.00	10,729,666.03
Interest income		19,997.18	18,612.69	19,260.88	18,612.69	10.	During the reported fiscal year the amount of € 110.065,19 was reported in the shareholders equity which represents: 1) €110.000,00 for the difference stemming from the buyout by the Company of 30% of its subsidiary Cosmokid S.A. and 2) the amount of €65,19 from foreign exchange differences stemming from the buyout of the subsidiary Cosmokid S.A. and its subsidiary COSMOKID ALBANIA LTD.
Dividends income		0.00	0.00	0.00	0.00
Total cash flows from ivnesting activities (b)		-599,795.45	-190,409.36	-488,991.55	-190,409.36
Financing activities
Proceeds from Subsidiary		0.00	0.00	0.00	0.00	11.	For the first time during the reported fiscal year AS Company published consolidated financial statements that incorporate Cosmokid S.A. with location in Thessaloniki, Greece. AS Company's stake in Cosmokid S.A. is 100%, date consolidation was initiated 04.04.2008. On 12.06.2008 the subsidiary Cosmokid S.A. incorporated its subsidiary COSMOKID ALBANIA LTD location Tirana, Albaniawith 100% stake which were also incorporated in the Groups financial figures.
Proceeds from increased capital		110,000.00	0.00	0.00	0.00
Proceeds from borrowings		1,504,213.59	10,524,134.26	495,065.05	10,524,134.26
Borrowings paid		0.00	0.00	0.00	0.00
Payments of leasing liabilities		-77,646.88	-79,678.65	-77,646.88	-79,678.65
Dividends paid		-1,750,136.00	1,072,429,222.00	-1,750,136.00	1,072,429,222.00	12.	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:
Total cash flows from Financing activities (c)		-213,569.29	-1,605,564.63	-1,332,717.83	-1,605,564.63
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)		-162,954.65	804,884.49	-862,189.36	804,884.49					GROUP	COMPANY
Cash and cash equivalents opening balance		1,155,926.46	351,041.97	1,155,926.46	351,041.97		a) Sales of goods and services			0.00	89,390.65
Cash and cash equivalents closing balance		992,971.81	1,155,926.46	293,737.10	1,155,926.46		b) Purchase of goods and services			0.00	20,441.50
							c) Trade debtors			0.00	49,316.64
							d) Liabilities			0.00	24,028.89
							e) Transactions & salaries of managerial staff and the board			603,033.75	535,476.51
							f) Receivables fron managerial staff and the board			0.00	0.00
							g) Liabilities towards managerial staff and te board			0.00	0.00



					Thessaloniki, March 20th 2009