| |
| |
Cost
|
Depreciation
|
Net Book Value
|
|
ASSETS
|
|
|
IN GRD
|
IN EURO
|
|
ESTABLISHMENT EXPENSES
|
|
|
|
|
|
Establishment expenses
|
2,696,827
|
-
|
2,696,827
|
8,172
|
|
Exchange differences on currency loans
|
1,007,689,777
|
111,965,530
|
895,724,247
|
2,714,234
|
|
Various establishment expenses
|
628,280,188
|
305,969,014
|
322,311,174
|
976,671
|
| |
1,638,666,792
|
417,934,544
|
1,220,732,248
|
3,699,077
|
|
FIXED ASSETS
|
|
|
|
|
|
Intangible assets
|
|
|
|
|
|
Registered trade marks
|
24,598,797
|
15,389,528
|
9,209,269
|
27,906
|
| |
24,598,797
|
15,389,528
|
9,209,269
|
27,906<
|
|
Tangible assets
|
|
|
|
|
|
Vessels
|
88,763,427,762
|
2,769,096,825
|
85,994,330,937
|
260,580,985
|
|
Vessels under construction
|
7,798,507,106
|
-
|
7,798,507,106
|
23,631,124
|
|
Buildings & technical installations
|
60,814,989
|
18,784,418
|
42,030,571
|
127,362
|
|
Motor vehicles
|
4,040,000
|
2,458,282
|
1,581,718
|
4,793
|
|
Furniture and other equipment
|
326,589,695
|
186,267,721
|
140,321,974
|
425,205
|
| |
96,953,379,552
|
2,976,607,246
|
93,976,772,306
|
284,769,469
|
| |
96,977,978,349
|
2,991,996,774
|
93,985,981,575
|
284,797,375
|
|
|
|
|
|
|
|
Long term receivables
|
|
|
2,107,200
|
6,385
|
|
|
|
|
2,107,200
|
6,385
|
|
Total fixed assets
|
|
|
93,988,088,775
|
284,803,760
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
Inventories
|
|
|
257,805,361
|
6,385
|
|
Trade receivables
|
|
|
2,693,760,059
|
8,162,662
|
|
Bills receivables
|
|
|
|
|
|
Post dated cheques
|
|
|
745,159,173
|
2,257,990
|
|
Due from subsidiaries
|
|
|
|
|
|
Bad and doubtful debts
|
|
114,973,746
|
|
|
|
Less: Provisions
|
|
114,973,746
|
-
|
-
|
|
Sundry debtors
|
|
|
621,950,603
|
1,884,642
|
|
Sundry advances
|
|
|
8,797,150
|
26,657
|
| |
|
|
4,327,472,346
|
13,113,156
|
| |
|
|
|
|
|
Securities
|
|
|
|
|
|
Shares
|
|
|
306,715,623
|
929,413
|
|
Sundry securities
|
|
|
124,000,000
|
375,746
|
| |
|
|
430,715,623
|
1,305,159
|
|
Cash and banks
|
|
|
|
|
|
Cash
|
|
|
10,884,433
|
32,982
|
|
Banks
|
|
|
24,580,650,183
|
74,484,562
|
| |
|
|
24,591,534,616
|
74,517,544
|
|
Total current assets
|
|
|
29,349,722,585
|
88,935,859
|
|
PREPAYMENTS AND ACCRUED INCOME
|
|
|
|
|
|
Prepaid expenses
|
|
|
146,497,720
|
443,919
|
|
Income receivable
|
|
|
80,530,739
|
244,025
|
|
Other deferred amounts
|
|
|
-
|
-
|
| |
|
|
227,028,459
|
687,944
|
| |
|
|
|
|
|
TOTAL ASSETS
|
|
|
124,785,572,067
|
378,126,640
|
| |
|
|
|
|
|
|
SHAREHOLDERS' EQUITY AND RESERVES
|
|
|
|
|
Share capital
|
|
|
|
|
|
Paid up capital (104,173,680 shares at GRD 100)
|
|
7,568,640,000
|
22,934,578
|
| |
|
|
|
|
|
Share premium account
|
|
|
34,426,800,000
|
104,320,475
|
|
Revaluation reserve
|
|
|
166,290
|
504
|
|
Reserves
|
|
|
|
|
|
Statutory reserve
|
|
|
508,815,974
|
1,541,820
|
|
Extraordinary reserve
|
|
|
62,242,989
|
188,609
|
|
Special tax free reserve
|
|
|
12,361,836,049
|
37,458,974
|
|
Total reserves
|
|
|
12,932,895,012
|
39,189,403
|
| |
|
|
|
|
|
Retained earnings
|
|
|
2,178,235,306
|
6,600,513
|
|
Total shareholders' equity and reserves
|
|
57,106,736,608
|
173,045,473
|
|
|
|
|
|
|
|
PROVISIONS
|
|
|
|
|
|
Provision for termination indemnities
|
|
|
37,052,200
|
112,276
|
|
Sundry provisions
|
|
|
1,426,508,007
|
4,322,621
|
|
Total provisions
|
|
|
1,463,560,207
|
4,434,897
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
Long term liabilities
|
|
|
|
|
|
Bank loans
|
|
|
55,482,967,402
|
168,125,110
|
| |
|
|
55,482,967,402
|
168,125,110
|
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
|
Suppliers
|
|
|
916,657,503
|
2,777,666
|
|
Current portion of long term loans
|
|
4,799,135,712
|
14,542,395
|
|
Taxes and other dues
|
|
|
1,088,389,487
|
3,298,050
|
|
Social security contributions
|
|
|
69,627,762
|
210,987
|
|
Dividends payable
|
|
|
2,271,281,305
|
6,882,462
|
|
Sundry creditors
|
|
|
117,548,880
|
356,198
|
|
Total current liabilities
|
|
|
9,262,640,649
|
28,067,758
|
|
Total liabilities
|
|
|
64,745,608,051
|
196,192,868
|
|
|
|
|
|
|
|
DEFERRED INCOME AND ACCRUED EXPENSES
|
|
|
|
|
Deferred income
|
|
129,735,240
|
393,125
|
|
Accrued expenses
|
|
|
870,897,227
|
2,639,003
|
|
Other accruals
|
|
|
469,034,734
|
1,421,274
|
|
|
|
|
1,469,667,201
|
4,453,402
|
|
TOTAL EQUITY AND LIABILITIES
|
|
|
124,785,572,067
|
378,126,640
|
|
