HELLENIC DUTY FREE SHOPS S.Α., in response to a Capital Market Committee's letter regarding the published financial statements of 01.01 - 31.03.2009, is underlying the following:
A. Company will be fully aligned with the par. 106 of the revised IAS 1 regarding the presentation of changes in equity in the next interim financial statements, as the "Total Comprehensive income after taxes" amount was not appeared in total.
B. The titles in total income statements and cash flows will be adjusted in accordance with the provisions of IAS / IFRS, in the next interim financial statements.
C. The Group has applied the accounting treatment of the recognition of goodwill from the acquisition of minority interests directly in equity. The method was internationally accepted and applied in most cases and it fully endorsed by the IAS 27. Thus, based on the above, the Group changed its accounting policy in relation to the acquisition of minority percentages in order to present more reliable financial statements. The contrast that appears in the Financial Statements in relation to IAS 27, was a wording mistake and it will be adjusted in the next interim financial statements.