S & B INDUSTRIAL MINERALS S.A.
Clarification with regard to financial statements
Since 31/12/2006 the calculation of Profit before income tax, financial and investment results and depreciation and amortization includes the depreciation of consumed inventory. This change has been properly disclosed in the Consolidated Financial Statements. For the periods 01/01/2006-30/9/2006 and 01/07/2006-30/9/2006 through an oversight the above change has not been properly reflected in the Company's financial statements. The effect of this change to the Company's financial statements amounts to euro 935 thousand which affects positively "Profit before income tax, financial and investment results and depreciation and amortization".
In the Consolidated Income Statement for the period 1/7/2006-30/9/2006, it was published through an oversight that "Net profits" distributed to Equity holders of the parent amounted to euro 6,059 thousand, instead of euro 7,025 thousand and to Minority Interests euro 1,318 thousand, instead of euro 352 thousand. As a result, "Net Earnings per Share", basic and diluted, amount to euro 0.23 instead of euro 0.20.
It is also noted that as at 30/9/2007 there are no claims from Key Μanagement and Board members both for the Group and the Company.
In the Consolidated Income Statement for the period 1/7/2006-30/9/2006, it was published through an oversight that "Net profits" distributed to Equity holders of the parent amounted to euro 6,059 thousand, instead of euro 7,025 thousand and to Minority Interests euro 1,318 thousand, instead of euro 352 thousand. As a result, "Net Earnings per Share", basic and diluted, amount to euro 0.23 instead of euro 0.20.
It is also noted that as at 30/9/2007 there are no claims from Key Μanagement and Board members both for the Group and the Company.