1999 Profit and Loss Account

 
1999 PROFIT AND LOSS ACCOUNT
ATTICA ENTERPRISES S.A. - GROUP OF COMPANIES
PROFIT AND LOSS ACCOUNT
AS AT 31st DECEMBER 1999
 
 
 
 
IN GRD 
IN EURO
RESULTS FROM EXPLOITATION    
Total turnover
29,589,589,715
89,719,799
Less: Direct exploitation costs
13,934,881,026
42,252,250
Gross profit from exploitation
15,654,708,689
47,467,279
Plus: Sundry income
37,797,933
114,609
Total gross profit from exploitation
15,692,506,622
47,581,888
Less: Expenses:
 
 
Administration expenses
1,765,606,919
5,353,659
Operating and distribution expenses
4,262,330,197
12,923,985
6,027,937,116
18,277,553
Operating profit
9,664,569,506
29,304,334
Other income/expenses  
 
Income from securities
13,362,374
40,517
Profit from sale of investments and securities
150,012,891
454,860
Interest income:
1,156,430,295
3,506,459
Interest expense
-2,506,218,108
-6,234,743
-736,412,548
-2,232,906
Extraordinary income:    
Exchange profit realised
260,364,666
789,462
Prior year income
2,757,527
8,361
Income from prior year provisions
186,714,890
566,146
449,837,083
1,363,969
Less: Extraordinary expenses:    
Exchange losses
-201,804,856
-611,901
Extraordinary costs
-681,270
-2,066
Prior year expenses
-63,894,329
-193,737
Sundry provisions
-
-
 
-266,380,455
-807,703
Profit including extraordinary items
9,111,613,586
27,627,693
   
 
 
Total depreciation of fixed assets
1,939,409,172
5,880,561
Less: Depreciation included in exploitation costs
-1,939,409,172
5,880,561
0
0
Net profit for the year
9,111,613,586
27,627,693
 
 
 
   
 
 
 
Voula, 22nd February 2000
 
   
 
 
 
  Pericles S. Panagopoulos Charalambos S. Paschalis Nikolaos I. Tapiris
Chairman of the Board
 Board of Directors
Authorized Director
Financial Director