2001 Profit and Loss Account

 
2001 PROFIT AND LOSS ACCOUNT
ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
PROFIT AND LOSS ACCOUNT
AS AT 31st DECEMBER 2001
   
   
 
 

2001

2000

 

IN GRD

IN EURO

IN GRD IN EURO
RESULTS FROM EXPLOITATION        
Total turnover 85,378,069,377 250,559,264.50 67,276,661,638 197,437,011.41
Less: Direct exploitation costs 62,047,157,594 182,089,970.93 45,553,035,271 133,684,622.95
Gross profit from exploitation  23,330,911,783 68,469,293.57 21,723,626,367 63,752,388.46
Plus: Sundry income 151,408,731 444,339.64 116,117,905 340,771.55
Total gross profit from exploitation 23,482,320,514 68,913,633.21 21,839,744,272 64,093,160.01
Less: Expenses        
Administration expenses 4,720,855,613 13,854,308.48 3,837,713,215 11,262,547.95
Operating and distribution expenses 10,142,558,085 29,765,394.23 7,785,250,010 22,847,395.48
  14,863,413,698 43,619,702.71 11,622,963,225 34,109,943.43
Operating profit  8,618,906,816 25,293,930.50 10,216,781,047 29,983,216.57
Other income/expenses
     
Income from participations 7,394,400 21,700.37 455,702,940 1,337,352.72
Income from securities 79,424,590 233,087.57 0 0.00
Profit from sale of investments and securities 113,065,524 331,813.72 0 0.00
Interest income 842,225,677 2,471,682.10 2,172,379,961 6,375,289.69
Interest expense -11,329,278,061 -33,248,064.74 -5,814,481,979 -17,063,776.90
-10,287,167,870 -30,189,780.98 -3,186,399,078 -9,351,134.49
Extraordinary income:        
Extraordinary income 6,771,445,266 19,872,179.80 3,784,924,117 11,107,627.64
Extraordinary profit 1,600,000 4,695.52 - -
Prior year income 84,010,340 246,545.39 31,996,132 93,899.14
Income from prior year provisions 1,495,831 4,389.82 4,960,110 14,556.45
6,858,551,437 20,127,810.53 3,821,880,359 11,216,083.23
Less:Extraordinary expenses:        
Extraordinary expenses -228,076,005 -669,335.30 -240,197,161 -704,907.30
Extraordinary costs -703,232,639 -2,063,778.84 -3,225,000 -9,464.42
Prior year expenses -73,717,709 -216,339.57 -37,862,275 -111,114.53
Sundry provisions - - -106,366,027 -312,152.68
  -1,005,026,353 -2,949,453.71 -387,650,463 -1,137,638.91
Profit including extraordinary items  4,185,264,030 12,282,506.34 10,464,611,865 30,710,526.40
         
Total depreciation of fixed assets  8,417,242,253 24,702,104.92 8,764,898,878 25,722,373.81
Less: Depreciation included in exploitation costs  -8,417,242,253 -24,702,104.92 -4,522,041,314 -13,270,847.58
  - - 4,242,857,564 12,451,526.23
Net profit for the year  4,185,264,030
12,282,506.34
6,221,754,301 18,259,000.17
Less: Minority interest  -685,954,315 -2,013,072.09 -314,264,286 -922,272.30
Net consolidated profit for the year 3,499,309,715 10,269,434.25 5,907,490,015 17,336,727.87
  

Voula, 11th April, 2002

  Pericles S. Panagopulos 
Chairman
of the Board of Directors       

Alexander P. Panagopulos
Vice Chairman
of the Board of Directors

George V. Karydis
Financial Director