Α) FRIGOGLASS Interim Financial Statements for the period 1 January to 30 June 2006 were revised and approved again by the BoD, including new review report of the certified auditors accountants, on October 5, 2006. Specifically:
1) Supplementary information F regarding intergroup transactions of the Parent Company with the Group Subsidiaries, which are crossed off in the results of the consolidated financial statements, are included in Note 24 of the approved Financial Statements "Related Party Transactions".
2) There was an addition of Note 30 in the approved Financial Statements. The note refers to reclassifications of the Income Statement. Amounts in the financial statements of the previous periods have been reclassified so as to be comparable with those of the current period. The reclassifications have no effect on the Net Profit attributable to the Company shareholders, on the Net Profit attributable to the Minorities, on the EBITDA, on the Assets and Liabilities of the Company. The unique influence entails Gross Profit. Specifically, gross profit for the Group Continuing Operations during the First Half of 2005 after the reclassifications sums up to 54.030 thousand euros from 59.658 thousand euros, while during the Second Quarter of 2005 it sums up to 28.538 thousand euros from 31.518 thousand euros. Respectively, gross profit for the Parent Company during First Half of 2005 after the reclassification sums up to 4.632 thousand euros from 5.428 thousand euros, while during the Second Quarter of 2005 it sums up to 2.626 thousand euros from 3.095 thousand euros. The reclassifications were made in order for the expenses to be depicted according to the function they relate to with the scope of a proper presentation to the shareholders.
3) In Note 27 VPI''s (discontinued operations) Income Statements from 01/04 till 30/06 for 2005 and 2006 were added.
Β) In the Summary Financial Statements for First Quarter and First Half of 2006 that were posted on our website the comparative figures for 2005 of the discontinued operations are not included analytically.
They are presented in a separate line "Profit for the year after income tax from discontinued operations". Discontinued operations results are presented analytically in Note 27 of the Interim Financial Statements. Additionally, we present below a summary of the income statement for the Discontinued Operations:
Sales during First Quarter of 2005, Fist Half of 2005 and Second Quarter of 2005 were recorded at 20.736 thousand euros, 42.382 thousand euros and 21.646 thousand euros respectively, while for the period 01/01 till 28/2/2006 (sale of VPI) were recorded at 10.534 thousand euros.
EBT during First Quarter of 2005, Fist Half of 2005 and Second Quarter of 2005 was recorded at 333 thousand euros, 282 thousand euros and loss of 49 thousand euros respectively, while for the period 01/01 till 28/2/2006 (sale of VPI) it was zero.
EAT during First Quarter of 2005, Fist Half of 2005 and Second Quarter of 2005 was recorded at 219 thousand euros, 356 thousand euros and 137 thousand euros respectively, while for the period 01/01 till 28/2/2006 (sale of VPI) it was zero.
EBITDA during First Quarter of 2005, Fist Half of 2005 and Second Quarter of 2005 was recorded at 1.528 thousand euros, 2.733 thousand euros and 1.207 thousand euros respectively, while for the period 01/01 till 28/2/2006 (sale of VPI) it was 701 thousand euros.
C) EBITDA during the First Quarter of 2005 for the Continuing and Discontinuing Operations was 23.137 thousand euros, not 22.887 thousand euros as it is published in the Interim Financial Statements and Summary Financial Statements for the period 1 January to 31 March 2005.