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2003
CASH FLOW STATEMENT
ATTICA ENTERPRISES
S.A.
GROUP CASH FLOW STATEMENT
01/01/2003 - 31/12/2003
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Cash flow from operation
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Amounts
in EURO |
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Operating
cash inflow
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Turnover
(sales)
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385,476,583.25 |
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Sundry
income
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403,399.56 |
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Extraordinary
income
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16,282,243.03 |
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Prior
year income
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876,636.08 |
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Interest
income
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2,577,779.09
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Income
from securities
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45,785.00
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Less:
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Increase
in securities
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5,311.37
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Increase
in debtors
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2,704,055.44
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Total
operating cash inflow
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402,953,059.20
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Operating
cash outflow
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Cost
of sales
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219,222,120.42
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Administration
expenses
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17,247,816.57
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Operation
and distribution expenses
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48,568,860.34
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Other
expenses
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13,403,563.71
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Increase
in prepayments and accrued income
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Deduction
in deferred income and accrued expenses
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13,983,581.68
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Deduction
in current liabilities (except banks)
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5,087,575.84
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Less:
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Deduction in inventories
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43,706.98
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Deduction in prepayments and accrued income
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79,278.39
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Increase in deferred income and accrued expenses
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Increase in current liabilities (except banks)
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Total operation cash outflow
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317,390,533.19
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Tax
cash outflow
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Income
taxes
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430,207.62
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Deduction
in liabilities due to taxes
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125,848.00 |
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Less:
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Increase
in liabilities due to taxes
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233,523.09 |
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Total
tax cash outflow
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322,532.53
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Cash flow from operation
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85,239,993.48
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Cash
flow from investment activities
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Investment
cash inflow
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Sale of intangible assets
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Sale of tangible assets
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43,363,447.82
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Reserves
from value adjustments of other assets Government grants |
65,514,993.00 |
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Deduction in participations
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284,953.39 |
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Deduction in long term receivables |
1,163,115.52 |
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Income from investment in subsidiaries
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851,363.65
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Interest
income |
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Total investment cash inflow
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111,177,873.38
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Investment cash outflow |
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Increase
in tangible assets
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2,149,199.74
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Reserves
from value adjustments of other assets Government grants |
65,514,993.00 |
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Increase in long term receivables
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Increase in establishment expenses
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1,278,109.88
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Total
investment cash outflow
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68,942,302.62
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Cash
flow from investment activities
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42,235,570.76
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Cash
flow from financial activities
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Cash
inflow
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Revenue
from increase in paid up capital and share premium account
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Revenue
from revaluation reserve
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Increase
in long term liabilities
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Increase in current portion of long term loans
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58,780,592.18
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Total
cash inflow
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58,780,592.18
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Cash
outflow
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Deduction in long term liabilities
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140,241,438.01
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Deduction in short term liabilities (bank accounts)
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6,210.26 |
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Debit interest
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39,599,940.74
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Dividend paid
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4,723,269.34
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Director's fees from net profit
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55,000.00
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Total
cash outflow
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184,625,858.35
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Cash
flow from financial activities
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-125,845,266.17
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GROUP
CASH FLOW
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1,630,298.07
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PLUS: CASH AND BANKS 1/1/2003
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150,474,483.70
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CASH AND BANKS 31/12/2003
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152,104,781.77
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Voula , 17 February, 2004
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Pericles S. Panagopulos
Chairman
of the Board of Directors
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Charalambos N. Zavitsanos
Director
of the Board of Directors |
Nikolaos I. Tapiris
Financial Director |
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REPORT
OF THE CERTIFIED PUBLIC ACCOUNTANTS |
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We have
audited the above Consolidated Cash Flow Statement of ATTICA ENTERPRISES
HOLDINGS S.A. and its subsidiaries for the year ended 31 December 2003
which has been prepared based on the Audited Consolidated Financial
Statements for which we have issued our Audit Report on 18 February
2004. 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
2003. |
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Athens, 18
February, 2004 |
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The
Certified Public Accountants
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Kyriakos
Papakyriakou, FCCA, CA (GR) |
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DRM
STYLIANOY S.A. |
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A Member
Firm of RSM International |
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En
Gr
