FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012009_30062009

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012009_31032009

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012009_30062009

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 ended in June 30th 2009
	Published according to law 4/507/28.04.2009 of the B.O.D. of the Capital Markets Copmmittee
	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 web site		: www.ascompany.gr
Approval date from the B.O.D.
for annual financial statements		:August 24th 2009
Certified Auditor Accountant		: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211
Auditing Association & Certified Auditing Firm		: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148
Type of Review Opinion		: Unqualified


	1.1 BALANCE SHEET							1.2a STATEMENT OF COMPREHENSIVE INCOME
	Amounts expressed in €							Amounts expressed in €
		GROUP		COMPANY					GROUP		COMPANY
ASSETS		30.06.2009	31.12.2008	30.06.2009	31.12.2008				1.1 to	1.1 to	1.1 to	1.1 to
									30.06.2009	30.06.2008	30.06.2009	30.06.2008
Tangible fixed assets		8,271,353.44	8,424,386.94	7,886,035.78	7,976,435.37
Intangible fixed assets		27,088.23	27,841.24	2,493.15	0.00		Sales Turnover		13,001,450.32	12,095,433.28	12,233,156.00	12,016,734.91
Other non-current assets		429,909.68	438,670.84	655,452.05	716,048.05		Gross profit / (loss)		7,161,034.69	7,153,518.60	6,839,210.74	7,105,526.01
Inventories		7,552,413.49	6,989,276.01	7,279,606.59	6,691,907.29		Profit/(loss) before tax, interest,
Trade debtors		16,746,782.59	15,075,360.54	16,498,485.49	14,780,919.60		investing results		2,651,842.69	3,039,821.71	2,800,832.63	3,160,721.16
Other current assets		2,766,255.01	1,937,741.07	2,389,321.28	1,198,916.28		Profit/(loss) before tax		2,506,211.56	2,857,498.59	2,665,576.65	2,977,981.20
TOTAL ASSETS		35,793,802.44	32,893,276.64	34,711,394.34	31,364,226.59		Profit/(loss) after tax (Α)		1,812,479.41	2,149,271.03	1,934,575.65	2,232,974.58
							- Owners of the parent		1,812,479.41	2,149,271.03	1,934,575.65	2,232,974.58
SHAREHOLDERS' EQUITY AND LIABILITIES							- Minority Shareholders'		0.00	0.00	0.00	0.00

Paid up share capital		8,313,146.00	8,313,146.00	8,313,146.00	8,313,146.00		/(loss) after tax (Β)		0.00	0.00	0.00	0.00
Other shareholders' equity		9,706,003.14	9,615,578.43	9,968,465.22	9,784,025.57		Total Profit
Total Shareholder's Equity (a)		18,019,149.14	17,928,724.43	18,281,611.22	18,097,171.57		after tax (Α) + (Β)		1,812,479.41	2,149,271.03	1,934,575.65	2,232,974.58
							- Owners of the parent		1,812,479.41	2,149,271.03	1,934,575.65	2,232,974.58
Minority Rights (b)		0.00	0.00	0.00	0.00		-Minority Shareholders'		0.00	0.00	0.00	0.00
Total Equity (c) = (a) + (b)		18,019,149.14	17,928,724.43	18,281,611.22	18,097,171.57
							Profit after tax per share in (€)		0.0828	0.0982	0.0884	0.1021
Long term liabilities		6,332,000.00	4,332,000.00	5,332,000.00	3,332,000.00		Profit/(loss) before tax, interest,
Provisions / Other long term liabilities		1,497,373.10	793,105.34	1,487,560.90	785,933.90		investing results and depreciation		2,876,348.73	3,303,039.83	3,004,437.75	3,415,483.47
Short term borrowing liabilities		1,457,045.17	2,135,624.16	1,457,045.17	2,126,475.62
Other short term liabilities		8,488,235.03	7,703,822.71	8,153,177.05	7,022,645.50
Total liabilities (d)		17,774,653.30	14,964,552.21	16,429,783.12	13,267,055.02			1.2 b STATEMENT OF COMPREHENSIVE INCOME
								Amounts expressed in €
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)		35,793,802.44	32,893,276.64	34,711,394.34	31,364,226.59				GROUP		COMPANY
									1.4 to	1.4 to	1.4 to	1.4 to
									30.06.2009	30.06.2008	30.06.2009	30.06.2008

	1.3 STATEMENT OF CHANGES IN EQUITY						Sales Turnover		5,054,558.39	4,910,230.22	4,719,425.43	4,831,531.85
	Amounts expressed in €						Gross profit / (loss)		2,716,834.70	3,078,494.63	2,530,031.73	3,030,502.04
		Ο ΟΜΙΛΟΣ		Η ΕΤΑΙΡΕΙΑ			Profit/(loss) before tax, interest,
		30.06.2009	30.06.2008	30.06.2009	30.06.2008		investing results		657,312.96	934,637.87	706,659.74	1,055,537.32
Opening balance							Profit/(loss) before tax		598,473.26	850,482.92	652,435.72	970,965.53
(01.01.2009 & 01.01.2008 accordingly)		17,928,724.43	16,424,427.79	18,097,171.57	16,424,427.79		Profit/(loss) after tax (Α)		383,359.48	568,291.94	425,124.64	651,995.49
Year's Profit / (loss)							- Owners of the parent		383,359.48	568,291.94	425,124.64	651,995.49
after taxes		1,812,479.41	2,149,271.03	1,934,575.65	2,232,974.58		- Minority Shareholders'		0.00	0.00	0.00	0.00
Dividends		-1,750,136.00	-1,750,136.00	-1,750,136.00	-1,750,136.00
Minority Shareholders share in share capital of subsidiary		0.00	150,000.00	0.00	0.00		/(loss) after tax (Β)		0.00	0.00	0.00	0.00
Net income towards equity		28,081.30	0.00	0.00	0.00		Total Profit
Year's end equity							after tax (Α) + (Β)		383,359.48	568,291.94	425,124.64	651,995.49
(30.06.2009 & 30.06.2008 accordingly)		18,019,149.14	16,973,562.82	18,281,611.22	16,907,266.37		- Owners of the parent		383,359.48	568,291.94	425,124.64	651,995.49
							-Minority Shareholders'		0.00	0.00	0.00	0.00

	1.4 CASH FLOW STATEMENT						Profit after tax per share in (€)		0.0175	0.0260	0.0194	0.0298
	Amounts expressed in €						Profit/(loss) before tax, interest,
		GROUP		COMPANY			investing results and depreciation		767,872.07	1,069,324.59	806,711.62	1,181,768.23
		1.1 to	1.1 to	1.1 to	1.1 to
		30.06.2009	30.06.2008	30.06.2009	30.06.2008
Operating activities							Notes:
Profit before tax		2,506,211.56	2,857,498.59	2,665,576.65	2,977,981.20	1.	The B.O.D., of mother company AS COMPANY S.A. and subsidiary company COSMOKID S.A. (participation percentage 100%), at their July 16th 2009 meeitngs, decided on the merger, by absorption of the second commpany by the firtst, according to terms of the articles 1 to 5 of law 2166/1993 and the article 78 of low 2190/1920. As date of absorption has been arranged the 30.06.2009 in which date the acquisition value of the participation was € 390.000,00 and the net ecquity of subsidiary company was € 127.537,92. (please see note 5.1 in financial statement notes).
Increase / Decrease adjustments for:
Depreciation		224,506.04	263,218.12	203,605.12	254,762.31
Previsions		2,640.76	0.00	0.00	0.00
Foreign Exchange Differences		10,653,124.95	0.00	10,653,124.95	0.00
Investing Activities Results (income, expences, profit & loss)		156,519.91	-6,596.16	82,413.44	10,731,784.73
Interest Expense		148,165.21	188,565.19	135,231.83	188,373.47	2.	There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding last year.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories		10,174,280.76	9,884,699.43	-587,699.30	10,038,305.11
Decrease/(increase) in receivables		9,482,650.31	9,133,324.92	-1,311,395.88	9,292,060.93	3.	During the ending period COSMOKID S.A. transferred ownership of the store its subsidiary company COSMOKID ALBANIA LTD, in Tirana, and participation percentage 100%, to a local agent, which has undertaken the development and the management of retail stores (children's clothing IDEXE and toys AS) all over Albania. (please see note 5.3 in financial statement notes). There weren't any other facts such as takeover, sell, merger of other part of the company or branch.
(Decrease)/increase in current liabilities (excluding borrowings)		1,268,488.99	2,802,382.70	1,614,608.22	2,407,365.55
Minus :
Interest Paid		10,589,253.03	10,548,853.05	-135,231.83	10,549,044.77
Income taxes paid		10,283,875.46	10,458,815.38	10,283,875.46	10,458,815.38	4.	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Total cash flows from operating activities (a)		1,802,625.78	3,181,088.26	2,129,272.18	3,211,402.25	4.
						5.	The Financial Statements are not included in other consolidated financial statements published by other companies. During this period in consolidated financial statements of the group the company COSMOKID ALBANIA LTD is not inlcuded.
Investing Activities
Subsidiary		0.00	0.00	0.00	-350,000.00	6.	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 5.5 in financial statement notes).
Purchase of tangible and intangible assets		10,591,074.06	10,324,707.02	10,621,719.56	-86,759.04
Proceeds from sales of tangible and intangible assets		27,041.25	21,989.51	0.00	2,878.10	7.	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. (please see note 5.6 in financial statement notes). Provisions for the unaudited tax years of AS Company have been made which amount to € 190.000,00 while other provisions for slow moving stock amounting to € 866.163,94 και and bad debt provisions amounting to € 631.234,24 have also been incorporated.
Proceeds from sales of securities		0.00	0.00	0.00	0.00
Interest income		3,281.60	12,995.98	723.37	12,387.43
Dividends income		0.00	0.00	0.00	0.00
Total cash flows from ivnesting activities (b)		-116,021.33	-377,725.73	-114,975.31	-421,493.51
Financing activities						8.	The number of staff employed by the subsidiary and mother company as at the end of fical year is 72 and 59 employees accordingly and was 60 and 56 employees, accordingly at the end of the respective period.
Proceeds from increased capital		0.00	150,000.00	0.00	0.00
Proceeds from borrowings		2,000,000.00	0.00	2,000,000.00	0.00	9.	During the fiscal period the groups net equity was registered the amount of € 28.081,30 which concerns consolidation differencesdue to investing activities of the subsidiary COSMOKID ALBANIA LTD.
Inflow from Government Programs		33,126.00	0.00	33,126.00	0.00
Borrowings paid		10,058,839.25	10,366,049.93	-669,430.45	10,366,049.93	10.	In the Groups consolidated financial statements are included COSMOKID S.A. figures, headquarters in Thessaloniki, participation percentage 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, Albania,with 100% stake, of which financial results were not consolidated, in the during semester, in groups financial statements, for the reasons mentioned above (please see note 5.9 in financial statement notes).
Payments of leasing liabilities		10,706,884.35	-33,975.38	10,706,884.35	-33,975.38
Dividends paid		-1,750,136.00	-1,750,136.00	-1,750,136.00	-1,750,136.00
Total cash flows from Financing activities (c)		-426,122.88	-2,005,479.69	-416,974.34	-2,155,479.69
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)		1,260,481.57	797,882.84	1,597,322.53	634,429.05	11.	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:
Cash and cash equivalents opening balance		992,971.81	1,155,926.46	293,737.10	1,155,926.46
Cash and cash equivalents closing balance		2,253,453.38	1,953,809.30	1,891,059.63	1,790,355.51

									GROUP	COMPANY
		Thessaloniki, August 24th 2009
							a) Sales of goods and services		0.00	53,023.08
							b) Purchase of goods and services		0.00	16,996.72
							c) Trade debtors		0.00	57,678.33
							d) Liabilities		0.00	44,254.99
							e) Transactions & salaries of managerial staff and the board		302,618.17	250,963.66
							f) Receivables fron managerial staff and the board		0.00	0.00
							g) Liabilities towards managerial staff and te board		5,533.50	5,533.50