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ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For
the year ended 31st December 2001 |
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2001
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2000
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IN GRD
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IN EURO
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IN
GRD |
IN
EURO |
| RESULTS FROM EXPLOITATION |
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| 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 |
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Administration expenses |
4,720,855,613 |
13,854,308.48 |
3,837,713,215 |
11,262,547.95 |
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Operating and distribution expenses |
10,142,558,085 |
29,765,394.23 |
7,785,250,010 |
22,847,395.48 |
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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 |
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| 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 |
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-10,287,167,870 |
-30,189,780.98 |
-3,186,399,078 |
-9,351,134.49 |
| Extraordinary income: |
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| 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 |
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| 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 |
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6,858,551,437 |
20,127,810.53 |
3,821,880,359 |
11,216,083.23 |
| Less:Extraordinary expenses: |
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| 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 |
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- |
-106,366,027 |
-312,152.68 |
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-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 |
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| 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 |
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- |
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 |
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Athos Stylianou, FCCA
Certified Auditor
DRM STYLIANOU S.A.
Member of RSM International
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