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1999
BALANCE SHEET
ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
EIGHTH CONSOLIDATED BALANCE SHEET
AS AT 31st DECEMBER 1999 |
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Cost |
Depreciation |
Net Book Value
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| ASSETS |
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|
IN
GRD |
IN
EURO |
| ESTABLISHMENT
EXPENSES |
|
|
|
|
| Establishment expenses |
3,379,764 |
- |
3,379,764 |
10,248 |
| Exchange differences on
currency loans |
1,157,290,798 |
144,661,350 |
1,012,629,448 |
3,070,435 |
| Various establishment
expenses |
820,647,992 |
452,795,516 |
367,852,476 |
1,115,380 |
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1,981,318,554 |
597,456,866 |
1,383,861,688 |
4,196,063 |
| FIXED ASSETS |
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| Intangible assets |
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| Registered trade marks |
29,556,760 |
21,300,879 |
8,255,881 |
25,033 |
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29,556,760 |
21,300,879 |
8,255,881 |
25,033 |
| Tangible assets |
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| Vessels |
88,763,427,762 |
4,477,478,914 |
84,285,948,848 |
255,566,855 |
| Vessels under
construction |
16,397,678,127 |
- |
16,397,678,127 |
49,720,067 |
| Buildings &
technical installations |
84,947,721 |
28,335,343 |
56,612,378 |
171,657 |
| Motor vehicles |
2,020,000 |
1,471,541 |
548,459 |
1,663 |
| Furniture and other
equipment |
407,391,371 |
254,503,595 |
152,887,776 |
463,577 |
|
105,655,464,981 |
4,761,789,393 |
100,893,675,588 |
305,923,819 |
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105,685,021,741 |
4,783,090,272 |
100,901,931,469 |
305,948,852 |
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| Investments in
affiliated companies |
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44,030,751,750 |
133,507,434 |
| Long term receivables |
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1,544,000 |
4,682 |
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44,032,295,750 |
133,512,116 |
| Total fixed assets |
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144,934,227,219 |
493,460,968 |
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| CURRENT ASSETS |
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| Inventories |
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379,838,696 |
6,769 |
| Trade receivables |
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2,249,503,337 |
6,820,811 |
| Bills receivables |
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4,500,000 |
13,645 |
| Post dated cheques |
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973,545,377 |
2,951,927 |
| Due from subsidiaries |
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2,232,514 |
6,769 |
| Bad and doubtful debts |
|
114,990,048 |
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| Less: Provisions |
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114,990,048 |
- |
- |
| Sundry debtors |
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1,175,011,033 |
3,562,799 |
| Sundry advances |
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30,250,793 |
91,725 |
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4,814,881,750 |
14,599,399 |
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| Securities |
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| Shares |
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203,435,000 |
616,844 |
| Sundry securities |
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- |
- |
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203,435,000 |
616,844 |
| Cash and banks |
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| Cash |
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24,461,967 |
74,172 |
| Banks |
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40,673,843,717 |
123,328,817 |
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40,698,305,684 |
123,402,989 |
| Total current assets |
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45,716,622,434 |
138,619,321 |
| PREPAYMENTS AND
ACCRUED INCOME |
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| Prepaid expenses |
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387,625,349 |
1,175,335 |
| Income receivable |
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192,426,067 |
583,463 |
| Other deferred amounts |
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643,022 |
1,950 |
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580,694,438 |
1,760,747 |
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| TOTAL ASSETS |
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192,615,405,779 |
584,037,010 |
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| LIABILITIES
AND SHAREHOLDERS' EQUITY |
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| SHAREHOLDERS'
EQUITY AND RESERVES |
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| Share capital |
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| Paid up
capital (104,173,680 shares at GRD 100) |
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10,417,368,000 |
31,586,925 |
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| Share premium account |
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98,517,720,000 |
298,719,588 |
| Revaluation reserve |
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166,290 |
504 |
| Reserves |
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| Statutory reserve |
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682,343,974 |
2,068,963 |
| Extraordinary reserve |
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13,480,196,717 |
40,873,853 |
| Special tax free reserve |
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265,961,911 |
806,434 |
| Total reserves |
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14,428,502,602 |
393,133,123 |
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| Retained earnings |
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6,291,546,927 |
19,076,855 |
| Total
shareholders' equity and reserves |
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129,655,303,819 |
393,133,123 |
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| PROVISIONS |
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| Provision for
termination indemnities |
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46,277,434 |
140,320 |
| Sundry provisions |
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723,579,435 |
2,193,995 |
| Total provisions |
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769,856,869 |
2,334,314 |
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| LIABILITIES |
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| Long term liabilities |
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| Bank loans |
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51,433,136,855 |
155,952,507 |
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51,433,136,855 |
155,952,507 |
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| Current liabilities |
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| Suppliers |
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1,063,048,398 |
3,223,312 |
| Current
portion of long term loans |
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4,870,085,700 |
14,766,785 |
| Taxes and other dues |
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393,464,599 |
1,193,040 |
| Social security
contributions |
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143,232,859 |
434,302 |
| Dividends payable |
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3,145,419,585 |
9,537,355 |
| Sundry creditors |
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206,718,691 |
626,800 |
| Total current
liabilities |
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9,821,969,832 |
29,781,594 |
| Total liabilities |
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61,255,106,687 |
185,734,102 |
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| DEFERRED
INCOME AND ACCRUED EXPENSES |
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| Deferred
income |
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168,578,147 |
511,153 |
| Accrued expenses |
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766,560,257 |
2,324,319 |
| Other accruals |
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- |
- |
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935,138,404 |
2,835,471 |
| TOTAL EQUITY AND
LIABILITIES |
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192,615,405,779 |
584,037,010 |
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En
Gr
