1998 Profit and Loss Account

  
1998 PROFIT AND LOSS ACCOUNT
ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
PROFIT AND LOSS ACCOUNT
AS AT 31st DECEMBER 1998
 
 
IN GRD 
IN EURO
RESULTS FROM EXPLOITATION
Total turnover
26,802,227,601
81,216,410
Less: Direct exploitation costs
11,951,683,834
36,216,126
Gross profit from exploitation
14,850,543,767
45,000,284
Plus: Sundry income
6,665,976
20,199
Total gross profit from exploitation
14,857,209,743
45,020,483
Less: Expenses:
Administration expenses
1,514,173,133
4,588,264
Operating and distribution expenses
3,859,632,093
11,695,500
 
5,373,805,226
16,283,765
Operating profit
9,483,404,517
28,736,718
Other income/expenses
Income from securities
-
-
Profit from sale of investments and securities
69.335.304
210.101
Interest income:
2.172.115.414
6.581.968
Interest expense
-2.327.659.834
-6.780.582
 
3.790.884
11.487
Extraordinary income:
Exchange profit realised
37.296.274
113.016
 Prior year income
2.893.166
8.767
Income from prior year provisions
-
-
 
40.189.440
121.782
Less: Extraordinary expenses:
Exchange losses
-257.244.300
-779.505
Extraordinary costs
-
-
Prior year expenses
-29.892.623
-90.581
Sundry provisions
-173.372.898
-525.356
 
-460.509.821
-1.395.442
Profit including extraordinary items
9.066.875.020
27.474.545
  
Total depreciation of fixed assets
1.618.622.281
622.492.345
Less: Depreciation included in exploitation costs
-1.618.622.281
-622.492.345
 
0
0
Net profit for the year
9.066.875.020
27.474.545
 
 
 
Voula, 15th February 1999
 
 
Pericles S. Panagopoulos Charalambos S. Paschalis Nikolaos I. Tapiris
Chairman of the Board of Directors
Authorized Director
Financial Director