Pursuant to the explicatory directive No. 118AP/23.3.2006 of the Commission of Accounting Standardization and Audits and to the announcement of the Capital Market Commission dated 24.3.2006, with regard to the annual financial data and information as at December 31, 2005 published on March 3, 2006, the company notifies the following:
The amounts of the company balance sheets and results, as published in the interim financial statements, the data and information have been reclassified further to the change of the accounting principle related to the formation of provisions for non-audited financial years.
Further to the above reclassification, the net worth and the operating profit of the company included in the published interim financial statements are affected and adjusted as follows:
Decreases of the net worth as at December 31, 2003 (01.01.2004)
Total adjustment amount Euro 420.000
Decreases of the net worth as at December 31, 2004 (01.01.2005)
Total adjustment amount Euro 560.000
Based on the above corrections, it derives that the net worth of the company as at January 1, 2004 is Euro 97,904,589 instead of Euro 98,324,589, while the net worth as at January 1, 2005 is Euro 99,765,319, instead of Euro 100,325,319.
Decreases of the results of the period 01.01.2004 - 31.12.2004 Total adjustments of results before taxes Euro -0- Total adjustments of results after taxes Euro 140,000
Based on the above corrections, it derives that the company's operating profit after taxation as at December 31, 2004 corresponds to Euro 3,473,530 instead of Euro 3,613,530
Moreover, there were corrections and adjustments of the company's net worth and operating profit in the 1st, 2nd and 3rd quarters 2004 and 1st, 2nd and 3rd quarters 2005 as follows:
1.a) The new net worth as at March 31, 2004 is Euro 98,188,048 instead of Euro 98,643,048
The new net worth as at March 31, 2005 is Euro 100,424,080 instead of Euro 100,994,080
b) The new net worth as at June 30, 2004 is Euro 97,947,910 instead of Euro 98,437,910
The new net worth as at June 30, 2005 is Euro 99,859,985 instead of Euro 100,439,985
c) The new net worth as at September 30, 2004 is Euro 99,443,025 instead of Euro 99,968,025
The new net worth as at September 30, 2005 is Euro 101,345,143 instead of Euro 101,935,143
2.a) The profits after taxation as at March 31, 2004 are Euro 283,459 instead of Euro 318,459
The profits after taxation as at March 31, 2005 are Euro 658,761 instead of Euro 668,761
b) The profits after taxation as at June 30, 2004 are Euro 1,656,121 instead of Euro 1,726,121
The profits after taxation as at June 30, 2005 are Euro 2,110,666 instead of Euro 2,130,666
c) The profits after taxation as at September 30, 2004 are Euro 3,151,236 instead of Euro 3,256,236
The profits after taxation as at September 30, 2005 are Euro 3,595,825, instead of Euro 3,625,825
3.The earnings/share in the above corresponding periods are not affected save for the periods, 30.6.04 where they are adjusted from 0.17 Euro to 0.16 Euro and 30.9.04 from 0.32 Euro to 0.31 Euro
A detailed reference of the above adjustments is made in the republished annual financial statements for the year 2005, as approved by the BD on 27.4.2006, a new audit report was issued on April 2, 2006 and the above are uploaded in the company's internet web site.