GEK SA announces to the Investors that a restatement has been made to the Interim Financial Statements for the period 1/1-31/3/2007 following relevant directions by the Hellenic Capital Market Committee. The restatements are focused on the following points:
In the Cash Flow Statement the following restatements have taken place: in the column of 2006 for the whole Group, the amounts in the rows: change of other financial receivables, cash outflows for financial activities, and net increase of cash and cash at the beginning of the period.
In the statement of Changes in Equity the following restatements have taken place: the amounts referred to in the row 1st January 2006, in Accounting policy changes and error correction and restated balances 1, January.
The 1st paragraph of Note 3 "Important accounting judgments and financial risk management" is rephrased.
The whole Note 5 "Error corrections of previous publications" is rephrased.
In Note 8 "Tangible and intangible assets" as well as in Notes 9 "Investment property", 12 "Provisions" and 13 "Subsidies" the data in all the columns in the rows Balance January 1st, corrections and reclassifications and restated balance on January 1st are restated.
The first and fifth paragraph in Note 17 ?Merging of Companies? is rephrased.
The restated financial statements as well as the brief financial data and information of the said period have been reported to the Athens Exchange Market and are posted in our website.