2000 Balance Sheet

 
2000 BALANCE SHEET
ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
NINTH CONSOLIDATED BALANCE SHEET
AS AT 31st DECEMBER 2000
   
   
 
  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