|
Cash flow from operations
|
Amounts in Euro |
|
Operating cash inflow
|
|
|
Turnover (sales)
|
318,610,210.90 |
|
Sundry income
|
156,613.14 |
|
Extraordinary income
|
45,611,046.10 |
|
Prior year income
|
511,828.71 |
|
Interest income
|
2,731,410.32 |
|
Income from securities
|
347,978.93 |
|
Sale of securities
|
21,019,685.26 |
|
Less:
|
|
|
Increase in debtors
|
17,748,681.32 |
|
Total operating cash inflow
|
371,240,092.04 |
|
|
|
|
Operating cash outflow
|
|
|
Cost of sales
|
200,355,204.44 |
|
Administration expenses
|
16,197,398.27 |
|
Operation and distribution expenses
|
40,841,843.62 |
|
Other expenses
|
46,243,339.87 |
|
Increase in prepayments and accrued income
|
2,550,042.69 |
|
less:
|
|
|
Deduction in inventories
|
469,035.02 |
|
increase in deferred income and accrued expenses
|
17,404,187.21 |
|
increase in current liabilities (except banks)
|
8,141,080.26 |
|
Total operation cash outflow
|
280,173,526.40 |
|
|
|
|
Tax cash outflow
|
|
|
Income taxes
|
356,714.92 |
|
Deduction in liabilities due to taxes
|
1,919,423.36 |
|
Less:
|
|
|
Increase in liabilities due to taxes
|
0.00 |
|
Total tax cash outflow
|
2,276,138.28 |
|
|
|
|
Cash flow from operations
|
88,790,427.36 |
|
|
|
|
Cash flow from investment activities
|
|
|
Investment cash inflow
|
|
|
Sale of intangible assets
|
|
|
Sale of tangible assets
|
222,974,111.42 |
|
Deduction in participations
|
|
|
Income from investment in subsidiaries
|
1,297,895.92 |
|
Total investment cash inflow
|
224,272,007.34 |
|
|
|
|
Investment cash outflow
|
|
|
Increase in intangible assets
|
96,737.49 |
|
Increase in tangible assets
|
456,368,227.05 |
|
Increase in long term receivables
|
1,075.72 |
|
Increase in establishment expenses
|
3,235,739.23 |
|
Total investment cash outflow
|
459,701,779.49 |
|
|
|
|
Cash flow from investment activities
|
-235,429,772.15 |
|
|
|
|
Cash flow from financial activities
|
|
|
Cash inflow
|
|
|
Increase in long term liabilities
|
297,434,146.90 |
|
Increase in current liabilities (bank accounts)
|
|
|
Total cash inflow
|
297,434,146.90 |
|
|
|
|
Cash outflow
|
|
|
Deduction in short term liabilities (bank accounts)
|
5,376,275.00 |
|
Debit interest
|
40,794,645.53 |
|
Dividend paid
|
5,726,130.90 |
|
Director's fees from net profit
|
200,300.00 |
|
Total cash outflow
|
52,097,351.43 |
|
|
|
|
Cash flow from financial activities
|
245,336,795.47 |
|
|
|
|
GROUP CASH FLOW
|
98,697,450.68 |
|
PLUS: CASH AND BANKS 1/1/2002
|
51,777,033.02 |
|
CASH AND BANKS 31/12/2002
|
150,474,483.70 |
|
|
|
|
|
|
Chairman of the Board
Board of Directors |
Vice-Chairman of
the
Board of Directors |
Financial Director |
|
Pericles
S. Panagopulos |
Alexander P. Panagopulos |
Nikolaos
I. Tapiris |
|
|
Voula
, 14 February, 2003 |
|
|
|
REPORT OF THE CERTIFIED
PUBLIC ACCOUNTANTS |
|
We have audited the above
Consolidated Cash Flow Statement of ATTICA ENTERPRISES HOLDINGS S.A. and
its subsidiaries for the year ended 31 December 2002 which has been
prepared based on the Audited Consolidated Financial Statements for which
we have issued our Audit Report on 17 February 2003. In our opinion, the
abovementioned Consolidated Cash Flow Statement presents the Cash outflow
and inflows of the activities for the year of all the companies which are
included in the consolidation of 31 December 2002.
|
|
|
|
Athens, 17 February, 2003 |
|
The Certified Public Accountants |
|
|
|
Kyriakos Papakyriakou, FCCA, CA (GR) |
|
DRM STYLIANOY S.A. |
|
A Member Firm of RSM
International |
|
|
|
