DOCSLIB.ORG

Annual Financial Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ANNUAL FINANCIAL REPORT (ACCORDING TO L. 3556/2007) APRIL 2021 FOR THE PERIOD 1 JANUARY – 31 DECEMBER 2020 TABLE OF CONTENTS: DECLARATION OF THE BoD REPRESENTATIVES DIRECTORS’ REPORT CORPORATE GOVERNANCE STATEMENT (L.4548/2018) ANNUAL FINANCIAL STATEMENTS INDEPENDENT AUDITOR’S REPORT MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. G.E.MI. 272801000 Prefecture of Attica Registration Nr 1482/06/Β/86/26 Headquarters: Irodou Attikou 12Α, 151 24 Maroussi Attica DECLARATION OF THE REPRESENTATIVES OF THE BOARD OF DIRECTORS OF “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” Pursuant to the provisions of article 4 paragraph 2 item c of Law 3556/2007 we hereby declare that to the best of our knowledge: A. The single and consolidated financial statements of “MOTOR OIL (HELLAS) S.A.” (the Company) for the year ended December 31, 2020, which have been prepared in accordance with the applicable accounting standards, truly present the assets, the liabilities, the shareholders’ equity and the statement of comprehensive income of the Company and the companies included in the consolidated financial statements taken as a total, and B. The Board of Directors’ annual report truly presents the course, the performance and the position of the Company and the companies included in the consolidated financial statements taken as a total, including the description of the most important risks and uncertainties they are facing. Maroussi, April 19th, 2021 The Chairman of the BoD The Vice Chairman The Deputy Managing Director and Managing Director and Chief Financial Officer VARDIS J. VARDINOYANNIS IOANNIS V. VARDINOYANNIS PETROS T. TZANNETAKIS I.D. No K 011385/1982 I.D. No AH 567603/2009 I.D. No R 591984/1994 DIRECTORS’ REPORT D I R E C T O R S´ R E P O R T (ACCORDING TO ARTICLE 4 OF THE LAW 3556/2007) ON THE FINANCIAL STATEMENTS OF “MΟΤΟR ΟIL (HΕLLΑS) CORINTH REFINERIES S.Α.” AND THE CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP FOR THE YEAR ENDED 31 DECEMBER 2020 (01.01.2020 – 31.12.2020) I. REVIEW OF OPERATIONS The Group financial figures for the fiscal year 2020 compared to the fiscal year 2019 are presented hereunder: Variation Amounts in thousand Euros 2020 2019 Amount % Turnover (Sales) 6,120,439 9,372,543 (3,252,104) (34.70)% Less: Cost of Sales (before depreciation & 5,766,983 8,640,523 (2,873,540) (33.26)% amortization) Gross Profit (before depreciation & amortization) 353,456 732,020 (378,564) (51.71)% Less: Selling Expenses (before depreciation & 179,851 182,820 (2,969) (1.62)% amortization) Less: Administrative Expenses (before 75,060 77,756 (2,696) (3.47)% depreciation & amortization) Plus: Other Income 12,982 10,375 2,607 25.13% Plus (Less): Other Gains / (Losses) (25,141) (7,867) (17,274) 219.58% Earnings/(Losses) before Interest, Tax, 86,386 473,952 (387,567) (81.77)% Depreciation & Amortization (EBITDA) * Plus: Financial Income 5,013 8,751 (3,738) (42.72)% Less: Financial Expenses 87,634 47,316 40,318 85.21% Plus: Investment Income / share of profits (losses) 3,205 2,752 453 16.46% in associates Earnings/(Losses) before 6,970 438,139 (431,169) (98.41)% Depreciation/Amortization and Tax Less: Depreciation & Amortization 143,089 134,708 8,381 6.22% Earnings/(Losses) before Tax (EBT) (136,119) 303,431 (439,550) (144.86)% (Plus)/Less: Income Tax (23,795) 79,197 (102,992) (130.05)% Earnings/(Losses) after Tax (EAT) (112,324) 224,234 (336,558) (150.09)% (*) Includes government grants amortization Euro 775 thousand for 2020 and Euro 931 thousand for 2019. 2020 1 DIRECTORS’ REPORT The respective Company financial figures for the fiscal year 2020 compared to the fiscal year 2019 are presented hereunder: Variation Amounts in thousand Euros 2020 2019 Amount % Turnover (Sales) 3,909,360 6,936,469 (3,027,109) (43.64)% Less: Cost of Sales (before depreciation & 3,816,243 6,523,295 (2,707,052) (41.50)% amortization) Gross Profit (before depreciation & amortization) 93,117 413,174 (320,057) (77.46)% Less: Selling Expenses (before depreciation & 22,392 16,121 6,271 38.90% amortization) Less: Administrative Expenses (before 36,940 39,663 (2,723) (6.87)% depreciation & amortization) Plus: Other Income 2,264 2,381 (117) (4.91)% Plus (Less): Other Gains / (Losses) (32,934) (164) (32,770) 19,981.71% Earnings/(Losses) before Interest, Tax, 3,115 359,607 (356,668) (99.18)% Depreciation & Amortization (EBITDA) * Plus: Financial Income 6,218 11,877 (5,659) (47.65)% Less: Financial Expenses 64,588 22,648 41,940 185.18% Earnings/(Losses) before (55,255) 348,836 (404,091) (115.84)% Depreciation/Amortization and Tax Less: Depreciation & Amortization 80,774 80,171 603 0.75% Earnings/(Losses) before Tax (EBT) (136,029) 268,665 (404,694) (150.63)% (Plus)/Less: Income Tax (23,434) 63,142 (86,576) (137.11)% Earnings/(Losses) after Tax (EAT) (112,595) 205,523 (318,118) (154.78)% (*) Includes government grants amortization Euro 775 thousand for 2020 and Euro 931 thousand for 2019. 2020 2 DIRECTORS’ REPORT On the financial figures presented above we hereby note the following: 1. Turnover (Sales) In principle, the turnover increase or decrease of oil refining and trading companies is mainly a combination of the following factors: a) Volume of Sales b) Crude Oil and Petroleum Product Prices, and c) Euro / US Dollar parity. The industrial activity (refining) concerns sales of products produced in the refinery of the parent company while the trading activity concerns sales generated as a result of imports of finished products from the international market and their subsequent resale to customers in the domestic market and abroad. The Group has the flexibility to take full advantage of the favorable market conditions in the oil sector, whenever these arise, and it is in a position to respond to any exceptional or unpredictable conditions meeting the demand in the domestic and the international market with imports of products. The breakdown of Group turnover by geographical market (Domestic – Foreign) and type of activity (Refining – Trading) as well as sales category in Metric Tons–Euros is presented hereunder: Metric Tons Amounts in Thousand Euros Geographical Market and Variation Type of Activity 2020 2019 % 2020 2019 Variation % Foreign Refining/Fuels 9,091,206 9,405,963 (3.35)% 2,486,401 4,192,879 (40.70)% Refining/Lubricants 261,593 264,974 (1.28)% 149,532 172,939 (13.53)% Trading/Fuels etc. 531,263 601,145 (11.62)% 242,409 353,219 (31.37)% Total Foreign Sales 9,884,062 10,272,082 (3.78)% 2,878,342 4,719,037 (39.01)% Domestic Refining/Fuels 1,479,768 1,671,090 (11.45)% 599,891 969,832 (38.14)% Refining/Lubricants 83,383 102,309 (18.50)% 53,851 72,941 (26.17)% Trading/Fuels etc. 1,691,064 1,688,954 0.12% 2,067,615 2,552,757 (19.00)% Total Domestic Sales 3,254,215 3,462,353 (6.01)% 2,721,357 3,595,530 (24.31)% Bunkering Refining/Fuels 584,643 987,026 (40.77)% 184,482 476,370 (61.27)% Refining/Lubricants 13,445 15,644 (14.06)% 15,039 17,897 (15.97)% Trading/Fuels etc. 199,884 767,751 (73.96)% 85,409 371,522 (77.01)% Total Bunkering Sales 797,972 1,770,421 (54.93)% 284,930 865,789 (67.09)% Rendering of Services - - 235,810 192,187 22.70% Total Sales 13,936,249 15,504,856 (10.12)% 6,120,439 9,372,543 (34.70)% 2020 3 DIRECTORS’ REPORT In 2020 the turnover of the Group reached Euro 6,120.4 million compared to Euro 9,372.5 million in 2019 which represents a decrease of 34.70%. This development is attributed to the decrease of the average prices of petroleum products (denominated in US Dollars) by 37.08%, the strengthening of Euro against the US Dollar (average parity) by 2.03% and the drop of the sales volume by 10,12%. In 2020, the Group had revenues from the provision of services, the greater part of which concerned NRG S.A. activities and the remainder concerned OFC AVIATION FUEL SERVICES S.A. activities as well as storage fees and related services. The breakdown of the consolidated sales volume confirms the solid exporting profile of the Group considering that export and bunkering sales combined accounted for 76.65% of the aggregate sales volume of fiscal 2020 compared to 77.67% in fiscal 2019, as well as the high contribution of refining activities (82.62% of the aggregate sales volume of fiscal 2020 compared to 80.28% in fiscal 2019). The respective breakdown of Company turnover is presented hereunder: Metric Tons Amounts in Thousand Euros Geographical Market and Variation Type of Activity 2020 2019 % 2020 2019 Variation % Foreign Refining/Fuels 9,091,206 9,405,963 (3.35)% 2,486,401 4,192,879 (40.70)% Refining/Lubricants 222,664 215,185 3.48% 104,107 116,245 (10.44)% Trading/Fuels etc. 372,307 547,374 (31.98)% 126,725 274,811 (53.89)% Total Foreign Sales 9,686,177 10,168,522 (4.74)% 2,717,233 4,583,935 (40.72)% Domestic Refining/Fuels 1,479,768 1,671,090 (11.45)% 599,891 969,832 (38.14)% Refining/Lubricants 49,701 67,894 (26.80)% 27,372 44,067 (37.89)% Trading/Fuels etc. 713,817 830,322 (14.03)% 283,409 500,290 (43.35)% Total Domestic Sales 2,243,286 2,569,306 (12.69)% 910,672 1,514,189 (39.86)% Bunkering Refining/Fuels 584,643 987,026 (40.77)% 184,483 476,370 (61.27)% Refining/Lubricants 5,349 7,180 (25.50)% 5,239 7,180 (27.03)% Trading/Fuels etc.
Recommended publications
  • Annual Environmental Management Report

    Annual Environmental Management Report

    Annual Environmental Management Report Reporting Period: 1/1/2018÷ 31/12/2018 Submitted to EYPE/Ministry of the Environment, Planning and Public Works within the framework of the JMDs regarding the Approval of the Environmental Terms of the Project & to the Greek State in accordance with Article 17.5 of the Concession Agreement Aegean Motorway S.A. – Annual Environmental Management Report – January 2019 Table of Contents 1. Introduction ................................................................................................................. 3 2. The Company ............................................................................................................... 3 3. Scope .......................................................................................................................... 4 4. Facilities ....................................................................................................................... 8 5. Organization of the Concessionaire .............................................................................. 10 6. Integrated Management System .................................................................................. 11 7. Environmental matters 2018 ....................................................................................... 13 8. 2018 Public Relations & Corporate Social Responsibility Activity ..................................... 32 Appendix 1 ........................................................................................................................ 35 MANAGEMENT
  • Annual Report 2007 Design - Production: 2007 2007

    Annual Report 2007 Design - Production: 2007 2007

    NEMESIS S.A. Annual Report 2007 Design - Production: 2007 2007 12A Irodou Attikou str., Annual Report Maroussi 151 24, Athens - GREECE Tel.: (+30) 210 809 4000, Fax: (+30) 210 809 4444 www.moh.gr CMYK CORINTH REFINERIES S.A. Annual Report 2007 TableTable of of contents contents 1 INFORMATION CONCERNING THIS ANNUAL REPORT AND THE COMPANY AUDITORS............................6 2 SHAREHOLDERS’ RIGHTS ..............................................................................................................................8 2.1 General Information ..................................................................................................................................8 2.2 Dividend Taxation......................................................................................................................................9 3 MARKET INFORMATION AND STRUCTURE ................................................................................................10 3.1 Structure of the Oil Refining Market in Greece ..........................................................................................10 3.2 Regulatory Framework ............................................................................................................................11 3.3 Recent Developments in the International Oil Market ................................................................................14 4 COMPANY PROFILE ......................................................................................................................................15
  • Environmental Statement 2016

    Environmental Statement 2016

    ENVIRONMENTAL STATEMENT 2016 VOLUNTARY ENVIRONMENTAL STATEMENT ACCORDING TO EUROPEAN REGULATION 1221/2009 EMAS (Eco-Management and Audit Scheme) June 2017 2 ENVIRONMENTAL STATEMENT 2016 CONTENTS MANAGEMENT MESSAGE 3 01 COMPANY PRESENTATION 4 1.1 GENERAL INFORMATION .......................................................................................................................................4 1.2 TIMELINE OF COMPANY’S GROWTH .....................................................................................................................5 1.3 CORPORATE SOCIAL RESPONSIBILITY (CSR) ......................................................................................................8 1.4. ORGANIZATION CHART ............................................................................................................................................9 1.5 REFINERY PROCESS FLOW CHART ....................................................................................................................10 1.6 ACTIVITIES – PRODUCTS ...........................................................................................................................................11 02 ENVIRONMENTAL MANAGEMENT 12 2.1 ENVIRONMENTAL MANAGEMENT SYSTEM .....................................................................................................12 2.2 HEALTH, SAFETY AND ENVIRONMENTAL POLICY (HSE POLICY) ................................................................13 2.3 ENVIRONMENTAL PROGRAMS, OBJECTIVES AND IMPROVEMENTS ...........................................................14
  • Exakm Sa Reference List of Major Project & Supplies 2000 – 2015

    Exakm Sa Reference List of Major Project & Supplies 2000 – 2015

    EXAKM SA REFERENCE LIST OF MAJOR PROJECT & SUPPLIES 2000 – 2015 Industrial Commercial & Technical Co. CLIENT EQUIPMENT BRAND PROJECT YEAR NEW INTERNATIONAL AIRPORT OF ERGOKAT ATE HYDRANTS ERHARD GmbH ATHENS 2000 “EL. VENIZELOS” NEW INTERNATIONAL AIRPORT OF SAFETY VALVES FOR WATER SUPPLY ERGOKAT ATE BAILEY BIRKETT ATHENS 2000 NETWORK “EL. VENIZELOS” NEW INTERNATIONAL AIRPORT OF J/V ERGOKAT-ELTER-PYRAMIS Co- PENSTOCKS ERHARD GmbH ATHENS 2000 OPERATION “EL. VENIZELOS” BALL VALVES, BUTTERFLY VALVES, EVINOS & MORNOS RIVERS JUNCTION, TERNA SA ERHARD GmbH 2000 CONTROL VALVES TUNEL & DIVERTION GREEK SUGAR INDUSTRY PNEUMATIC CONTROL VALVES SAMSON AG EZA S.A 2000 FISCHER & UNILEVER S.A - ELAIS VARIABLE ARE FLOWMETERS PEIRAOS FACTORY 2000 PORTER – ABB EYATH - SEWAGE CENTRAL J/V ATHENA S.A – X. KONSTANTINIDIS PENSTOCKS ERHARD GmbH TRANSMISSION NETWORK OF 2000 S.A THESSALONIKI FISCHER & ATHENIAN BREWERY S.A ELECTROMAGNETIC FLOWMETERS “IOLI” NATURAL WATER PLANT 2000 PORTER – ABB MUNICIPAL ENTERPRISE OF WATER 122 DISTRICT HEATING CONSUMER SUPPLY AND SEWAGE OF KOZANI EXAKM SA KOZANI DISTRICT HEATING 2000 THERMAL SUBSTATIONS HYDROELECTRIC POWER PLANT OF HYDROENERGIAKI S.A PENSTOCKS ERHARD GmbH 2000 “ANTHOCHORI” EXAKM SA Page 1 of 21 Ave. Kallirrois 39 Tel.: +30 210 9215332, +30 210 9218441, +30 210 9216887 GR-11743 Athens Fax: +30 210 9218761 http://www.exakm.gr Factory & North Greece Branch: Ο.Τ 039Β – Insustrial Area of Sindos, GR-57022 Thessaloniki, Τel. +30 2310 799954, +30 2310 570387 EXAKM SA REFERENCE LIST OF MAJOR PROJECT & SUPPLIES 2000 – 2015
  • Proceedings Issn 2654-1823

    Proceedings Issn 2654-1823

    SAFEGREECE CONFERENCE PROCEEDINGS ISSN 2654-1823 14-17.10 proceedings SafeGreece 2020 – 7th International Conference on Civil Protection & New Technologies 14‐16 October, on‐line | www.safegreece.gr/safegreece2020 | [email protected] Publisher: SafeGreece [www.safegreece.org] Editing, paging: Katerina – Navsika Katsetsiadou Title: SafeGreece 2020 on‐line Proceedings Copyright © 2020 SafeGreece SafeGreece Proceedings ISSN 2654‐1823 SafeGreece 2020 on-line Proceedings | ISSN 2654-1823 index About 1 Committees 2 Topics 5 Thanks to 6 Agenda 7 Extended Abstracts (Oral Presentations) 21 New Challenges for Multi – Hazard Emergency Management in the COVID-19 Era in Greece Evi Georgiadou, Hellenic Institute for Occupational Health and Safety (ELINYAE) 23 An Innovative Emergency Medical Regulation Model in Natural and Manmade Disasters Chih-Long Pan, National Yunlin University of Science and technology, Taiwan 27 Fragility Analysis of Bridges in a Multiple Hazard Environment Sotiria Stefanidou, Aristotle University of Thessaloniki 31 Nature-Based Solutions: an Innovative (Though Not New) Approach to Deal with Immense Societal Challenges Thanos Giannakakis, WWF Hellas 35 Coastal Inundation due to Storm Surges on a Mediterranean Deltaic Area under the Effects of Climate Change Yannis Krestenitis, Aristotle University of Thessaloniki 39 Optimization Model of the Mountainous Forest Areas Opening up in Order to Prevent and Suppress Potential Forest Fires Georgios Tasionas, Democritus University of Thrace 43 We and the lightning Konstantinos Kokolakis,
  • ³Privatisation, Employment and Employees´ Nikiforos Manolas

    ³Privatisation, Employment and Employees´ Nikiforos Manolas

    &RQIHUHQFHRQ ³3ULYDWLVDWLRQ(PSOR\PHQWDQG(PSOR\HHV´ 1LNLIRURV0DQRODV (FRQRPLVW 0LQLVWU\RI(FRQRP\DQG)LQDQFH *UHHFH 5HJXODWRU\ 5HIRUPV 6WUXFWXUDO &KDQJHV DQG 3ULYDWLVDWLRQ LQ *UHHFH GXULQJ V 3DSHU VXEPLWWHG EXW QRW SUHVHQWHG ± 2FWREHU $WDN|\ ,VWDQEXO 7XUNH\ 5HJXODWRU\5HIRUPV6WUXFWXUDO&KDQJHVDQG3ULYDWLVDWLRQLQ*UHHFHGXULQJV ,%DFNJURXQG During 90s, for the fist time in post-war history, Greek strategies for economic development shifted markedly reliance on market forces rather than on state-managed growth. In the pre-1974 period Greece’s state-led development strategy based on import substitution and credit allocation produced strong growth (7% with manufacturing on the average at 11.4% annually), combined with low inflation (4%) and small balance of payments deficits (2.1% of GDP) until 1974. From 1974 until 1995 the economy showed a completely different picture. GDP annual growth rate averaged 2%, manufacturing growth slowed to almost zero, annual inflation averaged 18%, and the average external deficit, as a share of GDP, doubled. This performance was much worse than that of its neighbors and the other countries of the European Union (EU). The economic slowdown can be attributed almost completely to two major factors, namely the decline in the share of total investments in GDP, and the decline in the productivity of new investments. In an environment which had led to a downward spiral in economic performance, ultimately resulting in crisis (of slowing growth) and many large private firms that had grown rapidly in
  • The Little Metropolis at Athens 15

    The Little Metropolis at Athens 15

    Bucknell University Bucknell Digital Commons Honors Theses Student Theses 2011 The Littleetr M opolis: Religion, Politics, & Spolia Paul Brazinski Bucknell University Follow this and additional works at: https://digitalcommons.bucknell.edu/honors_theses Part of the Classics Commons Recommended Citation Brazinski, Paul, "The Little eM tropolis: Religion, Politics, & Spolia" (2011). Honors Theses. 12. https://digitalcommons.bucknell.edu/honors_theses/12 This Honors Thesis is brought to you for free and open access by the Student Theses at Bucknell Digital Commons. It has been accepted for inclusion in Honors Theses by an authorized administrator of Bucknell Digital Commons. For more information, please contact [email protected]. Paul A. Brazinski iv Acknowledgements I would like to acknowledge and thank Professor Larson for her patience and thoughtful insight throughout the writing process. She was a tremendous help in editing as well, however, all errors are mine alone. This endeavor could not have been done without you. I would also like to thank Professor Sanders for showing me the fruitful possibilities in the field of Frankish archaeology. I wish to thank Professor Daly for lighting the initial spark for my classical and byzantine interests as well as serving as my archaeological role model. Lastly, I would also like to thank Professor Ulmer, Professor Jones, and all the other Professors who have influenced me and made my stay at Bucknell University one that I will never forget. This thesis is dedicated to my Mom, Dad, Brian, Mark, and yes, even Andrea. Paul A. Brazinski v Table of Contents Abstract viii Introduction 1 History 3 Byzantine Architecture 4 The Little Metropolis at Athens 15 Merbaka 24 Agioi Theodoroi 27 Hagiography: The Saints Theodores 29 Iconography & Cultural Perspectives 35 Conclusions 57 Work Cited 60 Appendix & Figures 65 Paul A.
  • Measurements on Stationary Source Emissions and Assessing Impact on Ambient Air Quality Around Two Indian Refineries

    Measurements on Stationary Source Emissions and Assessing Impact on Ambient Air Quality Around Two Indian Refineries

    Open Access Vol. 13, No. 2, pp. 73-87, June 2019 doi: https://doi.org/10.5572/ajae.2019.13.2.073 ISSN (Online) 2287-1160, ISSN (Print) 1976-6912 Research Article Measurements on Stationary Source Emissions and Assessing Impact on Ambient Air Quality around Two Indian Refineries Deepanjan Majumdar*, Anil Bhanarkar1), Ashok Gangadhar Gavane1), Chalapati Rao1) ABSTRACT Emissions of particulate matter (PM), SO2 and NO2 from stationary sources Kolkata Zonal Centre, CSIR-National and their concentration along with benzene and CO in ambient air around two Indian Environmental Engineering Research refineries were studied. Prediction of ground level concentration (GLC) of SO2, NO2 and Institute (CSIR-NEERI), i-8, Sector C, -3 EKDP, EM Bypass, Kolkata -700107, India PM was made by dispersion modeling. In Refinery 1, highest SO2 emission (646 mg Nm ) 1) Air Pollution Control Division, were detected in Sulphur Recovery Unit while NOx emissions ranged from 57.8 to 445.0 -3 CSIR-National Environmental mg Nm , respectively from various units. In Refinery 2, highest SO2 emission (935 mg Engineering Research Institute -3 Nm ) was observed from Utility Boiler while NO2 emissions ranged from 13 to 235 mg (CSIR-NEERI), Nehru Marg, -3 Nagpur - 440 020, India Nm . Above emissions were within the stipulated emission standards prescribed by Cen- tral Pollution Control Board of India. Further, ambient concentrations of the above in the *Corresponding author. vicinity of these refineries were below their prescribed national ambient air quality stan- Tel: +91-33-24421988 E-mail: [email protected] dards. Air quality in terms of air quality index (AQI) was moderate or good at the study sites.
  • Winter in Prague 144 Companies Representing 15 Countries Can Be Selected for Meetings Online

    Winter in Prague 144 Companies Representing 15 Countries Can Be Selected for Meetings Online

    emerging europe conference Winter in Prague 144 companies representing 15 countries can be selected for meetings online Atrium / X5 / Banca Transilvania / Torunlar REIC have recently signed up click here Registration closes on Friday Tuesday to Friday 4 November For more information please contact your WOOD sales representative: 29 November to 2 December 2016 Warsaw +48 222 22 1530 Prague +420 222 096 452 Radisson Blu Alcron Hotel London +44 20 3530 0611 [email protected] Companies by country Bolded confirmed Companies by sector Bolded confirmed Austria Hungary Romania Turkey Consumer Financials Healthcare TMT Atrium ANY Biztonsagi Nyomda Nyrt. Banca Transilvania Anadolu Efes Aegean Airlines Alior Bank Georgia Healthcare Group Agora AT&S Magyar Telekom Bucharest Stock Exchange Arcelik AmRest Alpha Bank Krka Asseco Poland CA Immobilien MOL Group Conpet Bizim Toptan Anadolu Efes Athex Group (Hellenic Exchanges) Lokman Hekim AT&S Conwert OTP Bank Electrica Cimsa Arcelik Banca Transilvania CME Erste Bank Wizz Air Fondul Proprietatea Coca-Cola Icecek Astarta Bank Millennium Industrials Cyfrowy Polsat S.A. Immofinanz Hidroelectrica Dogan Holding Atlantic Grupa BGEO Ciech LiveChat Software PORR Poland Nuclearelectrica Dogus Otomotiv Bizim Toptan Bank Pekao Cimsa Luxoft Raiffeisen Bank Agora OMV Petrom Ford Otosan CCC Bank Zachodni WBK Dogus Otomotiv Magyar Telekom RHI Alior Bank Romgaz Garanti Coca-Cola Icecek Bucharest Stock Exchange Ford Otosan O2 Czech Republic Uniqa AmRest SIF-2 Moldova Halkbank DIXY CSOB Grupa Azoty Orange Polska Vienna Insurance Group Asseco Poland Transelectrica Lokman Hekim Eurocash Erste Bank Grupa Kęty OTE Warimpex Bank Millennium Transgaz Migros Ticaret Folli Follie Eurobank HMS Group Turk Telekom Wienerberger Bank Pekao Pegasus Airlines Fortuna Garanti Industrial Milk Company Wirtualna Polska Holding Bank Zachodni WBK Russia Sabanci Holding Gorenje Getin Noble Bank Intercars Croatia CCC DIXY Teknosa Hellenic Petroleum Halkbank Mytilineos Atlantic Grupa Ciech Gazprom Tofas Kernel Hellenic Bank Pegas Nonwovens Podravka Cyfrowy Polsat S.A.
  • Alpha Asset Management Α.Ε.D.Α.Κ

    Alpha Asset Management Α.Ε.D.Α.Κ

    ALPHA ASSET MANAGEMENT Α.Ε.D.Α.Κ. ALPHA ETF FTSE Athex 20 DOMESTIC EQUITIES FUND HCMC Rule 789/13.12.2007 Gov.Gaz. s.n. 2474/B/31.12.07 FUND CHARACTERISTICS 01.02.2008 INVESTMENT OBJECTIVE The Alpha ETF FTSE Athex 20 DOMESTIC EQUITIES FUND is the first Exchange Traded Fund listed on the Athens Stock Exchange. The objective of the Mutual Fund’s investment policy is to replicate the performance of the FTSE® Athex 20 Index of the Athens Stock Exchange in Euro, by mirror matching the composition of the Benchmark. The FTSE® Athex 20 Index is a big capitalization Index, capturing the 20 largest blue chip companies listed on the ATHEX. The total value of investments in shares of the FTSE® Athex 20 Index and in FTSE® Athex 20 Index derivatives accounts for a regulatory minimum of 95% of the Mutual Fund’s Net Asset Value. A percentage up to 35% of the Mutual Fund’s Net Asset Value may be invested in FTSE® Athex 20 Index derivatives with the aim of achieving the Mutual Fund’s investment objectives. The derivatives may be tradable (such as FTSE® Athex 20 Index futures) and/or non-tradable (OTC Swap Transactions) in a regulated market. INDEX FUND INFORMATION Fund type Domestic Exchange Traded Fund PERFORMANCE First listing date 24.1.2008 Base currency Euro Year (%) FTSE Athex 20 Index Benchmark FTSE® Athex 20 Index 2007 15,79% 3300 Currency risk Minimum 2006 17,73% Fund assets as of 01.02.2008 141.403.221 € 2800 2005 30,47% Net unit price as of 01.02.2008 23,40 € 2004 32,27% 2300 Valuation Daily 2003 35,43% 1800 Creation / Redemption unit 50.000 units 1300 Trading unit 1 unit Dividends Annual - 30 June 800 Management fee 0,275% 300 31/12/02 31/12/03 31/12/04 31/12/05 31/12/06 31/12/07 Custodian fee 0,100% Source: Bloomberg ISIN GRF000013000 COMPOSITION (as of 01.02.2008) Bloomberg AETF20 GA Equity Market Cap (€) % Weight Reuters AETF20.AT NATIONAL BANK OF GREECE S.A.
  • The Catastrophic Fire of July 2018 in Greece and the Report of the Independent Committee That Was Appointed by the Government To

    The Catastrophic Fire of July 2018 in Greece and the Report of the Independent Committee That Was Appointed by the Government To

    First General Assembly & 2nd MC meeting October 8-9, 2018, Sofia, Bulgaria The catastrophic fire of July 2018 in Greece and the Report of the Independent Committee that was appointed by the government to investigate the reasons for the worsening wildfire trend in the country Gavriil Xanthopoulos1, Ioannis Mitsopoulos2 1Hellenic Agricultural Organization "Demeter“, Institute of Mediterranean Forest Ecosystems Athens, Greece, e-mail: [email protected] 2Hellenic Ministry of Environment and Energy Athens, Greece, e-mail: [email protected] The forest fire disaster in Attica, Greece, on 23 July, 2018 The situation on July 13, 2018 in Attica • On 13 July 2018, at 16:41, a wildfire broke out on the eastern slopes of Penteli mountain, 20 km NE of the center of Athens and 5.2 km from the eastern coast of Attica. • This happened on a day with very high fire danger predicted for Attica due to an unusually strong westerly wind, and while another wildfire, that had started earlier near the town of Kineta in west Attica, 50 km west of the center of Athens, was burning in full force, spreading through the town and threatening the largest refinery in the country. The smoke of the fire of Kineta as seen in the center of Athens at 13:08 Fire weather and vegetation condition • According to weather measurements at the National Observatory of Athens on Mt. Penteli, upwind of the fire, the prevailing wind was WNW with speeds ranging from 32 to 56 km/h for the first two hours after the fire start, with gusts of 50 to 89 km/h.
  • Seismic Hazard Assessment for the Protection Of

    Seismic Hazard Assessment for the Protection Of

    ANNALS OF GEOPHYSICS, 60, 4, 2017, S0440, doi: 10.4401/ag-7154 Seismic hazard assessment for the protection of cultural heritage in Greece: methodological approaches for national and local scale assessment (pilot areas of Aighio, Kalamata and Heraklion) Sotiris Sboras1,*, John Andrew Dourakopoulos1, Evaggelos Mouzakiotis1, Pavlos Dafnis1, Theodoros Palantzas1, Vassilios K. Karastathis1, Nikolaos Voulgaris2, Gerasimos-Akis Tselentis1 1 National Observatory of Athens, Institute of Geodynamics, Lofos Nymfon, Athens, Greece 2 University of Athens, Faculty of Geology and Geoenviromment, Athens, Greece Article history Received September 15, 2016; accepted June, 16 2017. Subject classification: Historical monuments, SHA, Structural assessment, Geodatabase, Greece. ABSTRACT project, which was recently completed, focuses on his- The rich Greek cultural heritage has been always threatened by the torical monuments protection. intense seismic activity in the broader Aegean region. The objective of One of the primary targets of “ASPIDA” Project the presented project is to develop an integrated tool for the engineers is to create a valuable GIS-based database providing in order to protect the Greek monuments, museums and archaeolog- much of the information required for seismic hazard ical sites against strong earthquakes. In order to achieve this goal a assessment. The development of such a database de- GIS-based database was developed with a bidirectional purpose: to livers multiple benefits: i) it provides a multilevel data collect and combine all necessary data about the monuments and management, ii) the input and output data are fully their regional geological and seismotectonic conditions and to assess updatable and adjustable, iii) analyses and calculations seismic hazard for each and every monument using the most modern between data and/or datasets are significantly facilitat- techniques.