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ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the year ended 31st December 2002
 
 
  IN EURO

2002

2001
RESULTS FROM EXPLOITATION    
Total turnover 318,610,210.90 250,559,264.50
Less: Direct exploitation costs 232,292,438.44 182,089,970.93
Gross profit from exploitation 86,317,772.46 68,469,293.57
Plus: Sundry income 156,613.14 444,339.64
Total gross profit from exploitation 86,474,385.60 68,913,633.21
Less: Expenses    
 Administration expenses 17,617,293.49 13,854,308.48

Operating and distribution expenses

 40,841,843.62 29,765,394.23
  58,459,137.11 43,619,702.71
Operating profit 28,015,248.49 25,293,930.50
Other income/expenses    
Plus: Income from participations 1,297,895.92 21,700.37
        Income from securities 347,978.93 233,087.57
       Profit from sale of investments and securities 0.00 331,813.72
       Interest income 2,731,410.32 2,471,682.10
Less: Expenses and losses of investments and securities 366,060.00  
        Interest expense 41,306,296.48 33,248,064.74
  -37,295,071.31 -30,189,780.98
Extraordinary income:    

Extraordinary income

 45,707,663.68 19,872,179.80

Extraordinary profit

 23,462,038.68 4,695.52

Prior year income

 511,828.71 246,545.39

Income from prior year provisions

 7,303.33 4,389.82
  69,688,834.40 20,127,810.53
Less: Extraordinary expenses:    

Extraordinary expenses

 43,972,344.47 669,335.30

Extraordinary costs

 2,421,235.19 2,063,778.84

Prior year expenses

 3,294,504.49 216,339.57

Sundry provisions

 1,855,274.68 -
  51,543,358.83 2,949,453.71
Profit including extraordinary items 8,865,652.75 12,282,506.34
     
Total depreciation of fixed assets 32,975,840.87 24,702,104.92
Less: Depreciation included in exploitation costs -32,975,840.87 -24,702,104.92
  -  
Net profit for the year 8,865,652.75 12,282,506.34
Less: Minority interest 2,082,464.22 2,013,072.09
Net consolidated profit for the year 6,783,188.53 10,269,434.25
 
  

Athos Stylianou, FCCA
Certified Auditor
DRM STYLIANOU S.A.
Member of RSM International