85 MESOGEION AVE., 11526 Athens, Greece General Commerce Reg. No. 59231 SA Reg. No. 57343/1/Β/4/47 TRANSLATED ABSTRACT OF ANNUAL FINANCIAL STATEMENTS 1 ST JANUARY TO 31 ST DECEMBER 217
STATEMENT OF FINANCIAL POSITION OF 31 ST DECEMBER 217 Note 31 December 31 December 217 216 ASSETS Non-current assets Intangible fixed assets 4 298 95 Tangible fixed assets 5 24 36 Other long-term receivables 6 7 7 Deferred tax receivables 11 1,22 Total non-current assets 329 1,97 Current assets Trade receivables 7 28 23 Prepayments and other receivables Receivables from income tax 7 19 2 86 1 Cash and cash equivalents 8 45 2 Total current assets 274 319 TOTAL ASSETS 63 2,289 EQUITY & LIABILITIES Equity capital 1 7,3 7,3 Earnings carried forward (7,2) (5,49) Total equity 28 1,891 Long-term liabilities Other provisions 16 16 Other long-term liabilities 9 4 61 Total long-term liabilities 2 221 Short-term liabilities Suppliers 1 2 2 Accrued and other short-term liabilities 1 121 175 Total short-term liabilities 123 177 TOTAL EQUITY & LIABILITIES 63 2,289 2
STATEMENT OF INCOME Note 31.12.217 31.12.216 Turnover 12 134 112 Cost of sales 13 (116) (13) Gross profit 18 (18) Administrative and distribution expenses 13 (45) (53) Other income / (expenses) 14 (562) (862) Net financial income / (expenses) LOSSES BEFORE INCOME TAX (589) (933) Income tax 11 (1,22) (25) NET LOSSES (1,611) (958) Other comprehensive income of the period net of income tax TOTAL INCOME (1,611) (958) Other comprehensive income Expenses due to share capital increase TOTAL COMPREHENSIVE INCOME FOR THE PERIOD AFTER INCOME TAX (1,611) (958) Losses per share (in Euro): (2,21) (1,312) Weighted average number of shares: Basic 73, 73, 3
STATEMENT OF CASH FLOWS Note 31.12.217 31.12.216 Cash flows from operating activities Earnings of year before income tax (589) (933) Adjustments for the reconciliation of the net flows from operating activities Interest and similar income Other impairments Impairments of fixed assets 4 592 29 652 Depreciation 4, 5 34 66 Operating profit before changes in working capital 37 (6) (Increase)/Decrease in: Trade receivables (1) 18 Prepayments and other short-term receivables 67 (46) Increase/(Decrease) in: Suppliers (4) Accrued and other short-term liabilities (54) 9 (Increase) / Decrease of other long-term receivables and liabilities 2 3 Income tax payments (1) Net cash inflows from operating activities 5 (26) Cash flows from investing activities Acquisitions of intangible and tangible fixed assets (7) Interest and similar income receivable Cash outflows for investing activities (7) Cash outflows for financing activities Change in share capital Effect from foreign exchange rates on cash and cash equivalents Net increase/(decrease) of cash and cash equivalents 43 (26) Cash and cash equivalents at the beginning of year 2 28 Cash and cash equivalents at the end of year 45 2 4
STATEMENT OF CHANGES IN EQUITY Capital premium Profit carried forward Total 1 st January 217 7,3 (5,49) 1,891 Total income for the year Issuance of share capital Transfers other movements 31 st December 217 (1,611) (1,611) 7,3 (7,2) 28 Capital premium Profit carried forward Total 1 st January 216 7,3 (4,451) 2,849 Total income for the year Issuance of share capital (958) (958) Transfers other movements 31 st December 216 7,3 (5,49) 1,891 5