| |
| |
Cost |
Depreciation |
Net Book Value
|
| ASSETS |
|
|
IN GRD |
IN EURO |
| ESTABLISHMENT EXPENSES |
|
|
|
|
| Exchange differences on currency loans |
5,171,533,952 |
3,197,704,721 |
1,973,829,231 |
5,792,602.29 |
| Interest pertaining to construction period |
138,555,393 |
76,450,637 |
62,104,756 |
182,259.01 |
| Differences on valuation of investments & other expenses |
24,801,828,199 |
7,184,495,585 |
17,617,332,614 |
51,701,636.43 |
| |
30,111,917,544 |
10,458,650,934 |
19,653,266,601 |
57,676,497.73 |
| FIXED ASSETS |
|
|
|
|
| Intangible assets |
|
|
|
|
| Registered trade marks |
335,702,493 |
288,032,892 |
47,669,601 |
139,896.11 |
| |
335,702,493 |
288,032,892 |
47,669,601 |
139,896.11 |
| Tangible assets |
|
|
|
|
| Vessels |
232,281,047,417 |
24,481,669,847 |
207,799,377,570 |
609,829,427.94 |
| Vessels under construction |
45,158,442,014 |
0 |
45,158,442,014 |
132,526,608.99 |
| Buildings & technical installations |
446,761,959 |
149,792,445 |
296,969,514 |
871,517.28 |
| Motor vehicles |
14,681,688 |
10,458,314 |
4,223,374 |
12,394.35 |
| Technical installations |
41,536,250 |
1,275,207 |
40,261,043 |
118,154.20 |
| Furniture & other equipment |
1,564,203,962 |
571,024,636 |
993,179,326 |
2,914,686.21 |
| |
279,506,673,290 |
25,214,220,449 |
254,292,452,841 |
746,272,788.97 |
| |
279,842,375,783 |
25,502,253,341 |
254,340,122,442 |
746,412,685.08 |
|
|
|
|
|
| Investments in affiliated companies |
|
|
1,590,170,031 |
4,666,676.54 |
| Long term receivables |
|
|
9,648,680 |
28,316.01 |
|
|
|
1,599,818,711 |
4,694,992.55 |
| Total fixed assets |
|
|
255,939,941,153 |
751,107,677.63 |
|
|
|
|
|
| CURRENT ASSETS |
|
|
|
|
| Inventories |
|
|
1,251,274,503 |
3,672,118.86 |
| Trade receivables |
|
|
8,383,535,668 |
24,603,186.11 |
| Bills receivables |
|
|
26,913,200 |
78,982.25 |
| Post dated cheques |
|
|
2,467,729,929 |
7,2420,054.08 |
| Cheques overdue |
|
|
483,068,510 |
1,417,662.54 |
| Due from subsidiaries |
|
|
0 |
0.00 |
| Other receivables |
|
|
115,000,000 |
337,490.83 |
| Bad and doubtful debts |
|
351,596,613 |
|
|
| Less: Provisions |
|
-341,336,020 |
10,260,593 |
30,111.79 |
| Sundry debtors |
|
|
2,641,532,042 |
7,752,111.64 |
| Sundry advances |
|
|
367,691,661 |
1,079,065.77 |
| |
|
|
15,747,006,106 |
46,212,783.87 |
| |
|
|
|
|
| Securities |
|
|
|
|
| Shares |
|
|
0 |
0.00 |
| Sundry securities |
|
|
1,402,080,234 |
4,114,688.87 |
| |
|
|
1,402,080,234 |
4,114,688.87 |
| Cash and banks |
|
|
|
|
| Cash |
|
|
40,801,391 |
119,739.96 |
| Banks |
|
|
29,460,447,183 |
86,457,658.64 |
| |
|
|
29,501,248,574 |
86,577,398.60 |
| Total current assets |
|
|
46,650,334,914 |
136,904,871.34 |
| PREPAYMENTS AND ACCRUED INCOME |
|
|
|
|
| Prepaid expenses |
|
|
1,822,509,989 |
5,348,525.28 |
| Income receivable |
|
|
3,509,513,100 |
10,299,378.14 |
| Other deferred amounts |
|
|
187,282 |
549.62 |
| |
|
|
5,332,210,371 |
15,648,453.04 |
| |
|
|
|
|
| TOTAL ASSETS |
|
|
327,575,753,039 |
961,337,499.74 |
| |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
| SHAREHOLDERS' EQUITY AND RESERVES |
|
|
|
| Share capital |
|
|
|
|
| Paid up capital (104,173,680 shares at GRD 100) |
|
10,417,368,000 |
30,571,879.68 |
| |
|
|
|
|
| Share premium account |
|
|
104,491,766,354 |
306,652,285.71 |
| Revaluation reserves |
|
|
|
|
| Reserves from value adjustments of other assets |
|
|
166,290 |
488.01 |
| Government grants |
|
|
82,869,242 |
243,196.60 |
| |
|
|
83,035,532 |
243,684.61 |
| |
|
|
|
|
| Reserves |
|
|
|
|
| Statutory reserve |
|
|
830,474,107 |
2,437,194.74 |
| Extraordinary reserve |
|
|
13,007,629,203 |
38,173,526.64 |
| Special tax free reserve |
|
|
651,741,975 |
1,912,669.04 |
| Total reserves |
|
|
14,489,845,285 |
42,523,390.42 |
| |
|
|
|
|
| Results carried forward |
|
|
|
|
| Profit and loss account |
|
|
12,552,853,598 |
36,838,895.37 |
| |
|
|
12,552,853,598 |
36,838,895.37 |
| |
|
|
|
|
| Differences on consolidation |
|
|
-6,631,252,596 |
-19,460,755.97 |
| Minority interests |
|
|
44,154,857,727 |
129,581,387.31 |
| |
|
|
|
|
| Total shareholders' equity and reserves |
|
179,558,473,900 |
526,950,767.13 |
|
|
|
|
|
| PROVISIONS |
|
|
|
|
| Provision for termination indemnities |
|
|
61,546,468 |
180,620.60 |
| Sundry provisions |
|
|
398,919,169 |
1,170,709.23 |
| Total provisions |
|
|
460,465,637 |
1,351,329.83 |
|
|
|
|
|
| LIABILITIES |
|
|
|
|
| Long term liabilities |
|
|
|
|
| Bank loans |
|
|
109,449,877,251 |
321,202,867.94 |
| |
|
|
109,449,877,251 |
321,202,867.94 |
|
|
|
|
|
| Current liabilities |
|
|
|
|
| Suppliers |
|
|
5,629,597,725 |
16,521,196.55 |
| Post dated cheques |
|
|
1,189,727 |
3,491.50 |
| Bank overdrafts |
|
|
12,597,232,787 |
36,969,135.10 |
| Taxes and other dues |
|
773,339,987 |
2,269,523.07 |
| Social security contributions |
|
|
294,425,965 |
864,052.72 |
| Current portion of long term loans |
|
|
13,032,121,816 |
38,245,405.18 |
| Dividends payable |
|
|
20,878,915 |
61,273.41 |
| Sundry creditors |
|
|
946,881,567 |
2,778,816.04 |
| Total current liabilities |
|
|
33,295,668,489 |
97,712,893.57 |
| Total liabilities |
|
|
142,745,545,740 |
418,915,761.51 |
| |
|
|
|
|
| DEFERRED INCOME AND ACCRUED EXPENSES |
|
|
|
| Deferred income |
|
235,655,082 |
691,577.64 |
| Accrued expenses |
|
|
2,466,062,872 |
7,237,161.77 |
| Other accruals |
|
|
2,109,549,808 |
6,190,901.86 |
|
|
|
4,811,267,762 |
14,119,641.72 |
| TOTAL EQUITY AND LIABILITIES |
|
|
327,575,753,039 |
961,337,499.74 |
|
