| |
| |
Cost |
Depreciation |
Net Book Value
|
| ASSETS |
|
|
IN GRD |
IN EURO |
| ESTABLISHMENT EXPENSES |
|
|
|
|
| Establishment expenses |
3,379,764 |
- |
3,379,764 |
10,248 |
| Exchange differences on currency loans |
1,157,290,798 |
144,661,350 |
1,012,629,448 |
3,070,435 |
| Various establishment expenses |
820,647,992 |
452,795,516 |
367,852,476 |
1,115,380 |
| |
1,981,318,554 |
597,456,866 |
1,383,861,688 |
4,196,063 |
| FIXED ASSETS |
|
|
|
|
| Intangible assets |
|
|
|
|
| Registered trade marks |
29,556,760 |
21,300,879 |
8,255,881 |
25,033 |
| |
29,556,760 |
21,300,879 |
8,255,881 |
25,033 |
| Tangible assets |
|
|
|
|
| Vessels |
88,763,427,762 |
4,477,478,914 |
84,285,948,848 |
255,566,855 |
| Vessels under construction |
16,397,678,127 |
- |
16,397,678,127 |
49,720,067 |
| Buildings & technical installations |
84,947,721 |
28,335,343 |
56,612,378 |
171,657 |
| Motor vehicles |
2,020,000 |
1,471,541 |
548,459 |
1,663 |
| Furniture and other equipment |
407,391,371 |
254,503,595 |
152,887,776 |
463,577 |
| |
105,655,464,981 |
4,761,789,393 |
100,893,675,588 |
305,923,819 |
| |
105,685,021,741 |
4,783,090,272 |
100,901,931,469 |
305,948,852 |
|
|
|
|
|
| Investments in affiliated companies |
|
|
44,030,751,750 |
133,507,434 |
| Long term receivables |
|
|
1,544,000 |
4,682 |
|
|
|
44,032,295,750 |
133,512,116 |
| Total fixed assets |
|
|
144,934,227,219 |
493,460,968 |
|
|
|
|
|
| CURRENT ASSETS |
|
|
|
|
| Inventories |
|
|
379,838,696 |
6,769 |
| Trade receivables |
|
|
2,249,503,337 |
6,820,811 |
| Bills receivables |
|
|
4,500,000 |
13,645 |
| Post dated cheques |
|
|
973,545,377 |
2,951,927 |
| Due from subsidiaries |
|
|
2,232,514 |
6,769 |
| Bad and doubtful debts |
|
114,990,048 |
|
|
| Less: Provisions |
|
114,990,048 |
- |
- |
| Sundry debtors |
|
|
1,175,011,033 |
3,562,799 |
| Sundry advances |
|
|
30,250,793 |
91,725 |
| |
|
|
4,814,881,750 |
14,599,399 |
| |
|
|
|
|
| Securities |
|
|
|
|
| Shares |
|
|
203,435,000 |
616,844 |
| Sundry securities |
|
|
- |
- |
| |
|
|
203,435,000 |
616,844 |
| Cash and banks |
|
|
|
|
| Cash |
|
|
24,461,967 |
74,172 |
| Banks |
|
|
40,673,843,717 |
123,328,817 |
| |
|
|
40,698,305,684 |
123,402,989 |
| Total current assets |
|
|
45,716,622,434 |
138,619,321 |
| PREPAYMENTS AND ACCRUED INCOME |
|
|
|
|
| Prepaid expenses |
|
|
387,625,349 |
1,175,335 |
| Income receivable |
|
|
192,426,067 |
583,463 |
| Other deferred amounts |
|
|
643,022 |
1,950 |
| |
|
|
580,694,438 |
1,760,747 |
| |
|
|
|
|
| TOTAL ASSETS |
|
|
192,615,405,779 |
584,037,010 |
| |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
| SHAREHOLDERS' EQUITY AND RESERVES |
|
|
|
| Share capital |
|
|
|
|
| Paid up capital (104,173,680 shares at GRD 100) |
|
10,417,368,000 |
31,586,925 |
| |
|
|
|
|
| Share premium account |
|
|
98,517,720,000 |
298,719,588 |
| Revaluation reserve |
|
|
166,290 |
504 |
| Reserves |
|
|
|
|
| Statutory reserve |
|
|
682,343,974 |
2,068,963 |
| Extraordinary reserve |
|
|
13,480,196,717 |
40,873,853 |
| Special tax free reserve |
|
|
265,961,911 |
806,434 |
| Total reserves |
|
|
14,428,502,602 |
393,133,123 |
| |
|
|
|
|
| Retained earnings |
|
|
6,291,546,927 |
19,076,855 |
| Total shareholders' equity and reserves |
|
129,655,303,819 |
393,133,123 |
|
|
|
|
|
| PROVISIONS |
|
|
|
|
| Provision for termination indemnities |
|
|
46,277,434 |
140,320 |
| Sundry provisions |
|
|
723,579,435 |
2,193,995 |
| Total provisions |
|
|
769,856,869 |
2,334,314 |
|
|
|
|
|
| LIABILITIES |
|
|
|
|
| Long term liabilities |
|
|
|
|
| Bank loans |
|
|
51,433,136,855 |
155,952,507 |
| |
|
|
51,433,136,855 |
155,952,507 |
|
|
|
|
|
| Current liabilities |
|
|
|
|
| Suppliers |
|
|
1,063,048,398 |
3,223,312 |
| Current portion of long term loans |
|
4,870,085,700 |
14,766,785 |
| Taxes and other dues |
|
|
393,464,599 |
1,193,040 |
| Social security contributions |
|
|
143,232,859 |
434,302 |
| Dividends payable |
|
|
3,145,419,585 |
9,537,355 |
| Sundry creditors |
|
|
206,718,691 |
626,800 |
| Total current liabilities |
|
|
9,821,969,832 |
29,781,594 |
| Total liabilities |
|
|
61,255,106,687 |
185,734,102 |
| |
|
|
|
|
| DEFERRED INCOME AND ACCRUED EXPENSES |
|
|
|
| Deferred income |
|
168,578,147 |
511,153 |
| Accrued expenses |
|
|
766,560,257 |
2,324,319 |
| Other accruals |
|
|
- |
- |
|
|
|
935,138,404 |
2,835,471 |
| TOTAL EQUITY AND LIABILITIES |
|
|
192,615,405,779 |
584,037,010 |
|
