DOCSLIB.ORG

Hellenic Cables Sa Cablel

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hellenic Cables Sa Cablel ANNUAL FINANCIAL REPORT as at 31 DECEMBER 2012 Based on Article 4 of Law 3556/2007 Page: 1 Athens Tower, Building B, 2-4, Mesogheion Avenue, 11527, Athens www.cablel.gr Corp. Reg. No. 2131/06/B/86/19 HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. TABLE OF CONTENTS A. STATEMENTS MADE BY REPRESENTATIVES OF THE BOARD OF DIRECTORS B. ANNUAL REPORT BY THE BOARD OF DIRECTORS C. AUDIT REPORT BY INDEPENDENT CHARTERED AUDITOR-ACCOUNTANT D. INDIVIDUAL AND CONSOLIDATED FINANCIAL STATEMENTS INDIVIDUAL AND CONSOLIDATED STATEMENT OF TOTAL INCOME INDIVIDUAL AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION INDIVIDUAL AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY INDIVIDUAL AND CONSOLIDATED STATEMENT OF CASH FLOW NOTES ON THE INDIVIDUAL AND CONSOLIDATED FINANCIAL STATEMENTS E. FACTS AND INFORMATION ON THE YEAR FROM 1 JANUARY 2012 TO 31 DECEMBER 2012 (published according to Article 135 of Codified Law 2190/20 on entities preparing annual financial statements, whether be consolidated or not, as per IAS) F. ADDITIONAL FACTS AND INFORMATION OF FINANCIAL REPORT - INFORMATION UNDER ARTICLE 10 of Law 3401/2005 - AVAILABILITY OF ANNUAL FINANCIAL REPORT HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. A. Statements made by Representatives of the Board of Directors HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. Statements made by Representatives of the Board of Directors (According to Article 4(2) of Law 3556/2007) To the best of our knowledge, we hereby declare that the annual financial statements drawn up in line with the applicable accounting standards (International Financial Reporting Standards) give a fair view of the assets and liabilities, equity and operating results of HELLENIC CABLES S.A. (the Company) and of the entities included in the consolidation taken as a whole, and that the annual report of the Board of Directors gives a fair view of the development, performance and standing of the Company and of the entities included in the consolidation taken as a whole, including the description of the main risks and uncertainties facing them. Athens, 25 February 2013 Chairman of the Board of Directors General Manager and Member of the Member of the Board of Directors Board of Directors Ioannis Batsolas Alexios Alexiou Ioannis Stavropoulos ΟΝΟΜΑΤΑ ………………………… HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. B. Annual Report by the Board of Directors HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. ANNUAL REPORT BY THE BOARD OF DIRECTORS OF “HELLENIC CABLES S.A.” ON THE CONSOLIDATED AND COMPANY FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 JANUARY TO 31 DECEMBER 2012 Dear Shareholders, In accordance with the provisions laid down in Laws No. 2190/1920 & 3556/2007 and the executive decisions made by the Hellenic Capital Market Commission based on those laws, we are happy to submit you the Annual Report by the Board of Directors for the current fiscal year 2012. This Report includes a summary of the financial results and changes of the period in question, an account of important events that took place during 2012, an analysis of the prospects and risks expected during 2013, as well as a list of transactions with affiliates. The above information pertains both to the Company and the Group. In addition to Hellenic Cables - Hellenic Cables Industry S.A., the Hellenic Cables Group consolidates the following affiliates: Using the full consolidation method of accounting: - FULGOR S.A.; primary place of business: Athens - ICME ECAB S.A.; primary place of business: Bucharest, Romania - LESCO O.O.D.; primary place of business: Blagoevgrad, Bulgaria - GENECOS S.A.; primary place of business: Paris, France - LESCO ROMANIA; primary place of business: Bucharest, Romania - DE LAIRE LIMITED; primary place of business: Nicosia - EDE S.A.; primary place of business: Athens Using the equity method of accounting: - METAL AGENCIES LTD; primary place of business: London - METAL GLOBE DOO.; primary place of business: Belgrade - STEELMET S.A.; primary place of business: Athens - COPPERPROM LTD.; primary place of business: Athens ELECTRIC CABLES AGENCIES, a subsidiary of HELLENIC CABLES, was liquidated and is not included in the Group’s consolidated financial statements. Using the proportional consolidation method: - JOINT VENTURE NEXANS–HELLENIC CABLES–FULGOR–PPC 2009 There are no parent company shares owned either by itself or by another consolidated company. HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. 1. Report on the ending year 2012 was a very challenging year for HELLENIC CABLES Group. The uncertainty due to the economic developments, the protracted recession and the resultant lack of liquidity combined with the prevailing exchange rates had unfavorable effects on Group results. Despite the unfavorable circumstances, the Group’s turnover stood at € 439 million in 2012, rising by 6% compared to 2011. In the Greek market, HELLENIC CABLES Group maintained its leading position for one more year. The demand, however, was kept at low levels, thus leading to an 8% decrease in sales. The construction sector does not give any signs of recovery yet while the overall uncertainty is a brake on many investments. As it occurred in 2011, domestic sales were made in their majority to power generation, distribution and transmission companies, major industrial plants and companies of VIOHALCO Group since the Group’s main preoccupation was to restrict the credit risk. In exports, sales increased by 12%, as a result of the Group’s export orientation. In the European Union, the increase resulted from the gradual expansion to new distribution channels and products as the economic recession has struck companies that used to be the Group’s main markets. Non-EU sales were kept low since the strong Euro undermines the Group’s competitiveness in countries with devaluated local currencies. The gross profits of the Group amounted to € 17.2 million, decreased by 36% compared to 2011. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at € 10.7 million, registering a 49% decrease compared to 2011, while earnings before interest and tax (EBIT) amounted to € 2.1 million registering an 82% decrease compared to 2011. Such deterioration of results is due to the slackened demand and increased competition in main European markets, the postponement of important orders and highly profitable projects and also due to the increased cost incurred for reorganizing FULGOR and optimizing its production processes. Despite these unfavorable conditions, Group results were gradually improved during 2012. Group pre-tax results amounted to losses of € 13.3 million compared to profits of € 3.6 million in 2011 while net results stood at losses of € 11.2 million compared to profits of € 3.3 million in 2011. The Group’s net borrowing stood at € 150 million compared to € 152 million in 2011 despite the increased investments. The Group managed to reduce the days of inventory keeping from 87 to 76 while increasing the payment time of trade payables, thus offsetting the increase in the time of trade receivables collection. As an example of its focus on a more rational management of working capital and the Group’s potential synergies, the working capital to sales ratio stood at 25% in 2012 compared to 28% in 2011, thus being improved for the third running year. HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. The investments made in 2012 amounted to € 15 million at Group level and mainly concerned advance payments for machinery in the context of its investment plan for the manufacturing of high voltage submarine cables in FULGOR; investments in equipment upgrade in FULGOR; and also the purchase of machinery in the Group’s other plants in order to increase the number of high added value products in the product mix and also enhance productivity. Finally, training as well as the health and safety of employees are still core elements of the Group's strategy together with its commitment to operate driven by the principles of responsible and sustainable development. 2. Financial standing The ratios showing the financial standing of both Group and Company evolved as shown in the table below: GROUP COMPANY 2012 2011 2012 2011 Gross profit margin 3.9% 6.5% 2.0% 5.2% (Gross profit/ sales) Net profit margin -2.5% 0.8% -1.9% 0.3% (Net profit/ Sales) Debt-equity ratio 1.61 1.47 1.16 1.00 (Debt/ Equity) Liquidity 1.08 1.25 1.01 1.44 (Current assets/ short-term payables) Return on equity -10.8% 2.9% -7.9% 1.2% (Net Profit/ Equity) Inventory turnover ratio 76 87 47 54 (Inventory/ Cost of sales) x 365 days Receivables turnover ratio 56 50 71 66 (Trade receivables/ Sales) x 365 days Accounts payable turnover ratio 38 31 57 43 (Trade creditors / Cost of sales) x 365 days HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. 3. Main risks and uncertainties The Group’s risk management policies are applied in order to identify and analyze the risks that the Group is exposed to, set risk-taking limits and apply relevant control systems. The risk management policies and relevant systems are examined from time to time so as to take into account any changes in the market and the Group’s activities. The implementation of risk management policies and procedures is supervised by the Internal Audit department, which performs ordinary and extraordinary audits relating to the implementation of procedures, whereas the results of such audits are notified to the Board of Directors. 3.1 Credit risk Credit risk is the risk that the Group will incur loss if a client or third party to a transaction on a financial instrument fails to perform according to the terms and conditions laid down in the relevant contract. Credit risk is mainly associated with receivables from clients and investments in securities.
Load more

Recommended publications
  • ANNUAL REPORT 2015 Hellenic Cables Group at a Glance
    TABLE OF CONTENTS Hellenic Cables Group at a glance 1 1. Message from the General Manager 2 2. Hellenic Cables Group 4 3. History 6 4. Vision - Mission - Values 8 5. Philosophy and Strategy 9 6. Corporate Responsibility and Sustainable Development 10 7. Products 12 8. Customers and sales network 18 9. Plants 22 10. Manufacturing process 24 11. Group key financial data 26 12. Share performance 29 13. Main holdings 30 13.1 Icme Ecab S.A. 30 13.2 Fulgor S.A. 31 14. Board of Directors and Company Management 33 15. Notice of General Meeting of Shareholders 34 802 HELLENIC CABLES - ANNUAL REPORT 2015 Hellenic Cables Group at a glance The largest cable manufacturer in South- Exports to more than Eastern Europe, with 50 countries 6 plants Bank loans Working capital Liquidity ratio Investments to total assets to sales (in EUR million) 60 30 28% 1.5 60 53% 52,5 49% 49% 51% 49% 25% 1,25 50 25 23% 1,15 50 1.2 1,08 20% 0,97 40 20 18% 0,89 40 0.9 31,2 30 15 30 0.6 20 10 20 15,0 11,5 0.3 8,1 10 5 10 0 0 0.0 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 (amounts in EUR million) 2011 2012 2013 2014 2015 Revenue 414.6 439.3 345.3 359.4 479.7 EBITDA 20.9 10.7 1.1 -10.7 37.0 EBITDA margin 5.0% 2.4% 0.3% -3.0% 7.7% Adjusted EBITDA 20.0 13.1 7.7 6.9 42.8 Adjusted EBITDA margin 4.8% 3.0% 2.2% 1.9% 8.9% Pre-tax earnings 3.6 -13.3 -19.6 -37.9 0.6 Earnings attributable to the owners of the Company 3.3 -11.2 -21.1 -30.3 -1.8 Net debt 151.8 150.1 179.3 217.6 223.6 *Adjusted EBITDA does not include the effect of fixed assets revaluation and metal result HELLENIC CABLES - ANNUAL REPORT 2015 1 1.
    [Show full text]
  • ANNUAL FINANCIAL REPORT As at 31 DECEMBER 2014
    ANNUAL FINANCIAL REPORT as at 31 DECEMBER 2014 Based on Article 4 of Law 3556/2007 Athens Tower, Building B, 2 -4 Mesogheion Avenue, GR-11527, Athens www.cablel.gr General Register of Commerce No.: 281701000 HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. TABLE OF CONTENTS A. STATEMENTS MADE BY REPRESENTATIVES OF THE BOARD OF DIRECTORS Β. ANNUAL REPORT BY THE BOARD OF DIRECTORS B. AUDIT REPORT BY INDEPENDENT CERTIFIED AUDITOR-ACCOUNTANT D. SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS SEPARATE AND CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME SEPARATE AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEPARATE AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY SEPARATE AND CONSOLIDATED STATEMENT OF CASH FLOWS NOTES ON THE SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS E. FACTS AND INFORMATION ON THE YEAR FROM 1 JANUARY 2014 TO 31 DECEMBER 2014 (published according to Article 135 of Codified Law 2190/20 on entities preparing annual financial statements, whether be consolidated or not, as per IAS) F. ADDITIONAL FACTS AND INFORMATION OF FINANCIAL REPORT - INFORMATION UNDER ARTICLE 10 OF LAW 3401 / 2005 - AVAILABILITY OF ANNUAL FINANCIAL REPORT HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. A. Statements made by Representatives of the Board of Directors HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. Statements by members of the Board of Directors (Pursuant to article 4(2) of Law 3556/2007) To the best of our knowledge, we state that the Annual Financial Report which has been prepared in line with the applicable accounting standards gives a fair view of the assets and liabilities, equity and period results of HELLENIC CABLES S.A.
    [Show full text]
  • Sigmod/Pods 2011
    SIGMOD/PODS 2011 June 12 th -16 th , 2011 Athens, Greece Conference Program ACM SIGMOD International Conference on Management of Data & ACM SIGMOD-SIGACT-SIGART Symposium on Principles of Database Systems SIGMOD/PODS 2011 June 12 th – June 16 th , 2011 Athens, Greece http://www.sigmod2011.org Conference Program 1 Copyright © 2011 Editors: Tasos Kementsietsidis (IBM T.J. Watson), Yannis Velegrakis (University of Trento) Conference Proceedings Chairs Template: Yannis Velegrakis, Toronto 2004, Available for download at: http://db.disi.unitn.eu/pages/programBooklet Permission to use the template is granted, with the kind request to include the current notice in the booklet. 2 TABLE OF CONTENTS Table of Contents .................................................................................................................. 3 Welcome Messages .............................................................................................................. 5 Conference Organization .................................................................................................. 11 Conference Venue ............................................................................................................. 17 Program at a Glance ........................................................................................................... 23 Session Contents ................................................................................................................. 27 Social Events .......................................................................................................................
    [Show full text]
  • Διοργaνωση / Organised by Συνδιοργανωση / Co
    ΔΙΟΡΓAΝΩΣΗ / ORGANISED BY ΣΥΝΔΙΟΡΓΑΝΩΣΗ / CO-ORGANISED BY ΧΟΡΗΓΟΣ SPONSOR ΜΕ ΤΗΝ ΥΠΟΣΤΗΡΙΞΗ ΤΩΝ / SUPPORTED BY ΧΟΡΗΓΟΙ ΕΠΙΚΟΙΝΩΝΙΑΣ / MEDIA SPONSORS Πρόσβαση και για Εμποδιζόμενα Ατομα / Ταυτόχρονη διερμηνεία στην Ελληνική Ατομα με Αναπηρία [ΑμεΑ] / Disabled access Νοηματική Γλώσσα [ΕΝΓ] / Live / real-time spots translation in Greek Sign Language Χώρος υγιεινής για όλους / όλες / Toilets Ακατάλληλο κάτω των 18 ετών / Restricted -18 ΙΟΥΝΙΟΣ Πέμπτη 27 Ιουνίου | 21:30 Δευτέρα 15 Ιουλίου | 21:30 JUNE Thursday June 27th | 21:30 Monday July 15th | 21:30 Η ΚΡΥΦΗ ΓΟΗΤΕΙΑ ΤΗΣ Η ΑΥΓΗ (1927 / 95’) του Φρίντριχ THE DISCREET CHARM OF THE SUNRISE (1927 / 95’) Τετάρτη 5 Ιουνίου | 21:30 ΜΠΟΥΡΖΟΥΑΖΙΑΣ (1972 / 102’) Βίλεμ Μούρναου Wednesday June 5th | 21:30 BOURGEOISIE (1972 / 102’) by F.W. Murnau ΑΜΑΡΚΟΡΝΤ (1973 / 123’) του Λουίς Μπουνιουέλ Συνοδεία ζωντανής μουσικής AMARCORD (1973 / 123’) by Luis Buñuel With the accompaniment of του Φεντερίκο Φελίνι Σε συνεργασία με το Φεστιβάλ από τους Sancho 003 (Φώτης by Federico Fellini In collaboration with the Plein-Air live music by Sancho003 (Fotis Η προβολή γίνεται στo πλαίσιo του Plein-Air του Γαλλικού Σιώτας και Κώστας Παντέλης), “Soto le Stelle” tribute in Festival of the French Institute Siotas, Kostas Pantelis) and in αφιερώματος «Sotto le Stelle», σε Ινστιτούτου Ελλάδος σε συνεργασία με το Ινστιτούτο collaboration with the Italian Greece collaboration with the Goethe συνεργασία με την Πρεσβεία της Γαλλική Αρχαιολογική Σχολή Goethe Αθήνας Embassy and the Italian Cultural French School at Athens (6 Institute
    [Show full text]
  • TEKEM SA Mechanical, Electrical and Infrastructure Consulting Engineers
    TEKEM SA Mechanical, Electrical and Infrastructure Consulting Engineers 2, Kontou Street GR 112 55 Athens-Greece Telephones: +30 2102236781/4 Fax:+30 2102236785 E-mail: [email protected] TEKEM SA Consulting Engineers Organisation and Experience of the Firm TEKEM SA Consulting Engineers COMPANY PROFILE TEKEM Ltd, was founded in 1966 by Elias Cavoulacos and Nikolas Cavoulacos, both Mechanical and Electrical Engineers, in continuation of their private practices, that had been in operation since 1958. In April 2007 the firm was converted into a share capital company, TEKEM SA . The Company specialises in the provision of multi-disciplinary planning, design and supervision services in the fields of mechanical and electrical engineering, building services, energy and environmental management, fire protection systems, infrastructure, electronics, industrial installations, water and wastewater management, fuel transmission systems, power generation etc. Clients of the firm are various government departments, public and private organisations and foundations, general contractors, developers, entrepreneurs and individuals. The firm has undertaken the design and/or supervision and/or management of a large variety of projects either as main consultant or in joint ventures with other consulting companies or as subcontractor to other companies, mainly in Greece but also in various countries in Europe, Middle East and Africa. The company’s team of engineers, supported by qualified technical and administrative personnel, have been working together for many years integrating, thus, into an experienced, well co-ordinated and efficient engineering group. FIELDS OF ACTIVITY Electrical, mechanical and infrastructure services: - Residential and housing projects - Hospitals and medical centres - Industrial projects - Educational buildings (Universities, schools, technical and vocational colleges, libraries etc.) - Athletic facilities as stadiums, gymnasiums, swimming pool complexes etc.
    [Show full text]
  • Case Study 10. Athens Historical Centre, Greece
    Mapping and Performance Check of the Supply of Accessible Tourism Services (220/PP/ENT/PPA/12/6491) Case Study 10 The Historical Centre of Athens as an Accessible Destination, Greece “This document has been prepared for the European Commission; however it reflects the views only of its authors, and the European Commission cannot be held responsible for any use which may be made of the information contained therein.” 1 European Commission Enterprise and Industry Directorate General (DG ENTR) “Mapping and Performance Check of the Supply of Accessible Tourism Services” (220/PP/ENT/PPA/12/6491) Case Study: The Historical Centre of Athens as an Accessible Destination 2 Contents Contents ........................................................................................................ 3! Table of Figures ............................................................................................ 3! Executive Summary ........................................................................................ 4! 1.0! Introduction ......................................................................................... 6! 2.0! Overview and background information ............................................................... 7 3.0 The integration of the supply chain .................................................................. 18 4.0 Provisions for cross-impairments ..................................................................... 27 5.0 Impact ..............................................................................................................
    [Show full text]
  • Between, Against, Beyond: Challenging National Identities in Contemporary Greek Theatre Dissertation Zur Erlangung Des Grades E
    Between, Against, Beyond: Challenging National Identities in Contemporary Greek Theatre Dissertation zur Erlangung des Grades eines Doktors der Philosophie am Fachbereich Philosophie und Geisteswissenschaften der Freien Universität Berlin vorgelegt von Ariadni Lignou Tsamantani Berlin 2020 Erstgutachter: Prof. Dr. Matthias Warstat Zweitgutachter: Prof. Dr. Miltos Pechlivanos Tag der Disputation: 9. Juli 2020 TABLE OF CONTENTS Acknowledgments ..................................................................................................................... 3 Preface ....................................................................................................................................... 4 Introduction ............................................................................................................................... 6 1. Framing this study: concepts, contexts, histories ............................................................. 20 1.1 On nation, nationalism and identity ............................................................................ 20 1.2 On nation and theatre .................................................................................................. 28 1.3 Greek (theatre) histories: pasts and presents .............................................................. 36 1.3.1 Nation-state and theatre stage ............................................................................. 37 1.3.2 Performing nation on/as “national stage” ..........................................................
    [Show full text]
  • Lambrakis Press S.A. Annual Report 2002
    LAMBRAKIS PRESS SA – ANNUAL REPORT 2002 LAMBRAKIS PRESS S.A. ANNUAL REPORT 2002 According to the regulations of article 16 of Resolution 5/204/14.11.2000 of the Capital Markets Commission Athens, May 2003 Page 1/203 LAMBRAKIS PRESS SA – ANNUAL REPORT 2002 TABLE OF CONTENTS A. SUMMARY FINANCIAL STATEMENTS OF THE COMPANY…………………………………..………..…..4 B. ADJUSTMENT OF THE COMPANY’S EARNINGS AND EQUITY CAPITAL……………..………….………5 C. FINANCIAL INDICATORS OF THE COMPANY…………………………………..….………………………….9 D. SUMMARY CONSOLIDATED FINANCIAL STATEMENT FOR THE GROUP……………….……………..11 E. ADJUSTED CONSOLIDATED EARNINGS AND EQUITY CAPITAL OF THE GROUP……………………14 I. INFORMATION ON THE ANNUAL REPORT AND THE COMPANY’S AUDITORS.............................16 II. SHARE CAPITAL INCREASE AND ALLOCATION OF RAISED FUNDS.............................................25 III. SHAREHOLDERS’ RIGHTS ..................................................................................................................29 IV. TAXATION OF DIVIDENDS...................................................................................................................30 V. INFORMATION ON THE COMPANY ....................................................................................................31 VI. BUSINESS ACTIVITY............................................................................................................................37 VII. PRODUCTION WORK FLOW ...............................................................................................................63 VIII. FIXED ASSETS
    [Show full text]
  • ANNUAL FINANCIAL REPORT As at 31 DECEMBER 2015
    ANNUAL FINANCIAL REPORT as at 31 DECEMBER 2015 Based on Article 4 of Law 3556/2007 Athens Tower, Building B, 2-4 Mesogheion Avenue, GR-11527, Athens www.cablel.gr General Electronic Commercial Registry No.: 281701000 HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. TABLE OF CONTENTS A. STATEMENTS MADE BY REPRESENTATIVES OF THE BOARD OF DIRECTORS Β. ANNUAL REPORT BY THE BOARD OF DIRECTORS B. AUDIT REPORT BY INDEPENDENT CERTIFIED AUDITOR-ACCOUNTANT D. SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS SEPARATE AND CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME SEPARATE AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEPARATE AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY SEPARATE AND CONSOLIDATED STATEMENT OF CASH FLOWS NOTES ON THE SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS E. FACTS AND INFORMATION ON THE YEAR FROM 1 JANUARY 2015 TO 31 DECEMBER 2015 (published according to Article 135 of Codified Law 2190/20 on entities preparing annual financial statements, whether be consolidated or not, as per IFRS) F. ADDITIONAL FACTS AND INFORMATION OF FINANCIAL REPORT - INFORMATION UNDER ARTICLE 10 OF LAW 3401/2005 - AVAILABILITY OF ANNUAL FINANCIAL REPORT HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. A. Statements made by Representatives of the Board of Directors HELLENIC CABLES S.A. CABLEL® HELLENIC CABLES INDUSTRY S. A. Statements by members of the Board of Directors (Pursuant to article 4(2) of Law 3556/2007) To the best of our knowledge, we state that the Annual Financial Report which has been prepared in line with the applicable accounting standards gives a fair view of the assets and liabilities, equity and period results of HELLENIC CABLES S.A.
    [Show full text]
  • Yiorgos Poniros
    ATHENS: 11 Voukourestiou str., 10671, Athens, T. : +30 210 36 47 989 MYKONOS: Nammos Shopping Village, Psarou Beach, 84600 www.callistacrafts.com ATHENS: 11 Voukourestiou str., 10671, Athens, T. : +30 210 36 47 989 MYKONOS: Nammos Shopping Village, Psarou Beach, 84600 www.callistacrafts.com IONIAN HOTEL ENTERPRISES SA HILTON ATHENS 46, Vas. Sofias Ave., 115 28 Athens, tel.: 210 728 1000, fax: 210 728 1111 Consulting Editor - Communications Manager Tina Toribaba [email protected] PUBLISHER - DIRECTOR Vangelis Chaniotakis [email protected] CREATIVE DIRECTOR Antonis Meimaroglou www.citycreative.gr EDITOR IN CHIEF Aphrodite Grammeli CONTRIBUTORS Effie Alevizou, Kosmas Vidos, Katerina Lymperopoulou, Giorgos Rizopoulos, Thanasis Diamantopoulos, Katerina Papapostolou, Vironas Kritzas, Kelly Stavropoulou, Angelis Zannes, Antonis Theodorou, Elena Kaklamanou, MIchaela Theofilou ADVERTISING DEPARTMENT Margarita Pinioti 210 282 7823 6937 101342 [email protected] COPY EDITOR Niki Stathia TRANSLATION Comninos Papakyriacou, Emily Mandilaras PHOTOGRAPHERS Alexandros Antoniades, Apostolos Delalis, Panos Giannakopoulos, Charalambos Giannakopoulos, Yiorgos Kaplanidis, Dimitris Karteris, Kosmas Koumianos, Irini Michopoulou, Fotis Traganoudakis, Atha Skotara FASHION EDITOR Nikol Panayiotou, Eleni Nomidis VAGMA MEDIA DEVELOPMENT 23, Poseidonos, 144 51, Metamorfosi, Athens T:+30 210 282 7823, E: [email protected] www.vagmamd.com This magazine is distributed free of charge. Nothing appearing in the Hilton Athens Magazine may be reprinted, reproduced or transmitted, either in whole or in part by any electronic or mechanical means, without prior written permission from the publisher. Ionian Hotel Enterprises SA and VAGMA Media Development does not necessarily share the opinions expressed in the Hilton Athens Magazine. 8 HILTON athens CONTENTS Ο κομμωτής Άγγελος Καραζουρνάς και ο ηθοποιός Γιάννης Βόγλης, στο κομμωτήριο του Hilton Αθηνών, 1975.
    [Show full text]
  • Works Carried Out
    O T M WORKS CARRIED OUT PROJECT CHARACTER PERIOD OWNER VALUE KIND STAGE TUNNELS "Orfana" two-way Railway Tunnel Diameter D=10m. Length L=1000m. "Greek Railway Stages: Feasibility Study, Preliminary Organization" Design. R p 1982-1983 D.O.M.P. 4.770.000 (*) "Sphinx" two-way Railway Tunnel. Diameter D=10m. Length L=1200m. Preliminary Design for the Greek Railway Organization Tender. R e 1983 "AKTOR" S.A. 5.385.000 (*) "Metsovo" Road Tunnel, New National Road "Ioannina - Trikala". Diameter "Ministry of D=10m. Length L=3500m. Preliminary Public Works" design and Tender Documents. H e, c 1984 EYDE - OSYE 26.920.000 (*) Three Road Tunnels S1, S2, S3 - National Road "Kolimbari - Kastelli", Crete Island, Diameter D=10m. Length "Ministry of L=90-130m. Stages : Feasibility Study. Public Works" Preliminary Design. H p 1984-1985 BM1 Division 2.150.000 (*) "Ministry of Tunnel, National Road "Arta-Trikala", Public Works" section 1+920 - 2+511. Diameter D=10m. BM1 Section Length L=591m. Stages : Feasibility District Service Study. Preliminary Design. H p 1984-1985 of Ioannina 4.615.000 (*) Design of a cut and cover for the "Ministry of National Road "Arta - Trikala" Section: Public Works" 1+876 - 1+920. Diameter D=10m. Length BM1 Section L=44m. Stages: Feasibility Study. District Service Preliminary Study. H p 1985 of Ioannina 310.000 (*) Sewage Tunnel under Syngrou Av., Athens. Diameter D=3m. Length L=250m. Stage: Final Design. Y d 1986 "AKTOR" S.A. 650.000 (*) Outlet Tunnel of the Psitalia Sewage Treatment Center at Piraeus. Diameter D=10m. Length L=140m.
    [Show full text]
  • ATTIKO METRO (ATHENS METRO BASE PROJECT), ATTIKI, GREECE Page 1 of 2
    ATTIKO METRO (ATHENS METRO BASE PROJECT), ATTIKI, GREECE OVERVIEW INTRODUCTION LOCATION : ATTIKI REGION, GREECE The Athens Metro Base Project SCOPE: INTRA -URBAN is a 17.6km underground rapid TRANSPORT MODE: METRO transit network in metropolitan PRINCIPAL CONSTRUCTION: TUNNEL Athens. Its two lines serve 20 NEW LINK : YES stations and opened in three PRINCIPAL OBJECTIVES stages in 2000 and 2003. MODERNISE TRANSPORT NETWORK TRAVEL TIME SAVINGS The two lines connect at REDUCED POLLUTION Syntagma station, and three ALTERNATIVE TO CAR TRAVEL CONGESTION RELIEF other stations provide URBAN REGENERATION connections to the pre-existing ECONOMIC DEVELOPMENT metropolitan railway line. PRINCIPAL STAKEHOLDERS The Metro network has since been extended five times and is now CLIENT/PROJECT MANAGER: 51km long with 32 stations. Four further extensions are in progress. ATTIKO METRO SA DESIGN/CONSTRUCTION : OLYMPIAKO METRO BACKGROUND PROJECT CONSULTANT: BECHTEL INTERNATIONAL The main objective of the project was to modernise the transport FUNDER: EUROPEAN UNION/EIB network in Athens, providing an alternative to car travel and so PLANNING AND IMPLEMENTATION reducing congestion, pollution and travel times. It was also intended to act as a catalyst for urban renewal in the vicinity of the stations, PLANNING START DATE: 03/1985 and to increase employment opportunities. CONSTRUCTION START DATE: 11/1992 OPERATION START DATE: 01/2000; 11/2000; 04/2003 At the time of planning the project, although proposals for an MONTHS IN PLANNING: 92 underground system had been studied on several occasions, the MONTHS IN CONSTRUCTION: city’s public transport network consisted of one rail line and bus, 86; 96; 125 trolley bus and tram routes.
    [Show full text]