&kep~3piou/media/com/... · piraeus equity partners limited ekoezh kai oikonomike~ kata~ta~ei~...

PIRAEUS EQUITY PARTNERS:LIMITED

KOEZH KAI OIKONOMIKEZTAZTAZEI Z

&KEp~3piOu 2012

Ai. DOMUSTER

PIRAEUS EQUITY PARTNERS LIMITED

EKOEZH KAI OIKONOMIKE~ KATA~TA~EI~31 AEKEp~3piou 2012

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AIoIicqTtKÔ ~upI3oOAio: AouKâç flr~AiToqçK~voTavTivoç AoiZjôqçAAKqç KáiAoc - öIopioTrIKE 15 a~13poupiou 2012flauAiva Kc~)vcrravTIviôq - napaIT~OflKE 15 c1~43poupiou 2012Kpiç rEc~)pvIaor1c - napalTñenKE 15 ~DEI3poupiou 2012Ayârnoç Ayaniou - napoITI~8qKE 15 c1~3poupiou 2012~TáUpoç ~Ic~Koç - napaITI~0rlKE 15 DE~pOUpi0u 2012

rpappaTEaç ETalpEiaç: Alter Domus Services Limited

AvE~ápTqroI EAEyIcthc: PricewaterhouseCoopers LtdJulia House6EpIo-roKA~~ 3CY-1066, AEUKWYiO, KOnpoc

EyyEypapp~vo ypacpEio: Znt’ipou Kunpiavoti, 11065, AEuxooia, K~inpoç

TpanE~iTqç: TpànE~a nElpaltbc (Ktinpou) ATö

ApiOpôç £yypwpi~ç: 262346

1


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2


EKOE~H IXIOIKHTIKOY ZYMBOYAJOY

AvE~ápTqToI EAEyIcTEcOi AvE~âpTq-roi EAEyIcr~ç, PricewaterhouseCoopers Ltd, ~xouv EK511A)oEi EnIOup~a Va E~aKoAou8floouv VC flOP~XOUVTic UnqpEaiEc T0u1 Kal L4Ji~)(~IO~O flOU va E~OUUIO6OTEi TO ~IOiKflTiKO ZujiI3oi~Aio va Ka8opiaEl TflV apoi~ Touç 8aKaTaTEeEi OTflV ETñaia rEvIKñ ~uv~AEuaq.

Me EvToA~ TOU ~iOiKflTIKO~’ uii~3ouAiou,

AeuK~xjia, 13 Iouviou 2013

3

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Hpoç Ta MéXri Tfl~ Piraeus Equity Partners Limited

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‘EXOVIIE eXéy~ei ri~ uvi~v~ oucovopua~ç ica’uaatàagiç ‘tr~ ~iqTpi1 ~ç e’taipria~ Piraeus EquityPartners Limited (ri <<ETalpEia>>), 01 oTroiEç wto-reXo~,-vtai WtÔ TOV woXoyio~ió ati~ 31 &~KeJIf3piou2012, Km ‘nç icaracnàoeiç Xoyaptcwiioi~ wIoteXeapaTGv, auvoXucthv elao6rijiàmv, tar3oA~v iöi~viceqaAakov icm TaJlelaKthv podxv TOU ~tovç 710V éXi~e tr~v Lepo~ir~via avTr~, icaOthç Km 7tepiAflWrlaTwavTucáv Aoyw’aKc~v 7roXrnK(~)v iccu Xouiéç eae~1~y1~atucèç 7tXqpopopie~.

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flloTeitOulig OTt TU EAEyKT1Kà TEKJI1~~1U 7(01) ~X0VI~1E Q7t01CT1~O8l civat C7tU~K1~ ‘tat ‘tatàAX~Aa yla va7tapäO)(OuV I3àari yia ‘tiiV eXey’ttt’ti~ ,lac yVO)l~I9.

PricewaterhouseCoopers Ltd, Julia House, 3 Theinistocles Dervis Street, CY-io66 Nicosia, CyprusP0 Box 21612, CY-i59i Nicosia, CyprusT: +357-22555000, F:+357- 22555001, www.pwc.com/cy

PricewaterhouseCoopers Ltd is a member firm of PricewaterhouseCoopers International Ltd. each member firm of which is a separate legal entity.PricewaterhouseCoopers Ltd is a private company registered in Cyprus (Rag. No. 143594). A list of the company’s directors including for individuals the present name andsurname, as well as any previous names and for legal entities the corporate name, is kept by the Secretary of the company at its registered office at 3 Themistocles DervisStreet 1066 Nicosia and appears on the company’s web site. Offices in Nicosia, Limassol, Larnaca and Paphos.

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pwc

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Karà tn yvthjiil liac, oi oucovo~iucèç lcataa’taaelç 6ivovv ciAi~Oivi~ KGI 6iicaiii eucôva Tr~ç~rijIaTooi1covojiiici~ç G~anic tnic ~nytpi~r~ç eTalpEiaç Piraeus Equity Partners Limited otiç 31z~eice1if3piov 2012, icm tqc XPflliQTOOiKOVOI11K~I~ T~ç eni6o~qç Kal T(OV rapelaKthv pothv tr~ç via TO éroçnov èXr~e rqv Tiliepolinvia av’n~ cJl (pO)va ~1E Ta ~ie9vi~~ flpô’rvna Xpr~iarooucovopud~ç Avwpopàç

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• ‘EXovlie 7ràpei óAeç tic nAr~poqopieç Kai e~yi’jcreiç nov Oix~pi~aajie avayKaieç yia (YKO~O1~~ ‘rODeAèy)(ov liac.

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• Kcrrà tq ‘vthj~u1 liac, 01 nXr~popopiec nov 6ivov’rcu o’rr)v F~lcGear~ mv ~aoiiayu~oi~ Evjil3ovAiovouvàöovv jie tic OiKOV0li1K~~ lcaracrracnetç.

~)Ao Oqta

Avti~ i~ ~K9EUTi, nepiAap~3avojiévqç icm n~ yvthlirlc, eToipao’UlKE yia ta 1iéAi1 tric E’raipeiac ~c OdIIaiccu liôVo 01)li(PCi)Va J1E TO ApOpo 34 TOD nepi E)EyKt~v icat Ynoype~tiicdv EA~yy~ov TQV ET1~mOW KmT~V Evonoir~vov Aovapiao~ithv Nôjiov roD 2009 icm via icav~va à?~Ao cniconó. L~ivov’uaç avri~ tr~yváj.u1 6ev ano6eXô!iacrte l~ avQAa~3àvovJIe ev8i~vri via onoio6~note àAXo oiconó i~ npoç onoio6i’pioteà)Ao npócrono o’rri yvtho-il TOy onoiou av’ri~ 11 èicOecn1 6vva’rôv va nep~èX9et.

Xpw’ralcr)c K. EàvTrlcEvxelcpilièvoc Aovicrrt~c icai Ey~’eypa~ipévo~ EXeyKT1~çeK ~povç icm via Xovapiacrpo ‘uricPricewaterhouseCoopers LimitedEvKe1cpllI~vol Aovtci’u~c iccu Eyye’ypaliui~vol EAevictéc

AevKoxria, 13 Iouviou 2013


KATAZTAZH ~YNOAIK≤2N EIZOLXHMATQNXp~oq nou ~Ar~E oriq 31 IXEKq.43piou 2012

2012 2011€ €

AAAa ~aoöa 5 - 5,473‘E~oöa öloiKqcYrjç 6 (35,920) (82,117)

Zqpiá anô ~pyaai~ç (35,920) (76,644)

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ctopoAoyia 8 (32,830) (18,774)

Ka9apó K~p5oç yia Tfl xp~oq 149,676 77,499

Iioiná auvoAIKá Ec7oöa -

ZuvoAIKá EOoöa via ~q xpñari 149,676 77,499

Oi oqjiElthaEic crriç aEA1&c 10 p~xpi 23 aflOTEAOOV avanóonaaTo ~poç GUTWV TWV OIKOVOIJIKthV

6


IZOAOruMO~31 AEKEIJI3PIOU 2012

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11 2,026,014 6,90412 4,222,068 6,908,103

6,248,082 6,915,007

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13 12,000 10,00013 10,988,000 8,990,000

222,390 72,714

11,222,390 9.072,714

14 21,352 7,25815 3,902 1,035

25,254 8,293

11 247 644 9 081 007

>~nç 13 Iouviou 2013 TO AIOIKrIrIKÔ ~up~3oi:iAio Tqç Piraeus Equity Partners Umited EV~K~iVE au~~ç Tic OiKOVOIJIK~~KOTOOTâGEIç ‘(IC ~K6OOq.

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2012 2011€ €

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7


KATAZTA~H METABOA≤2N ILIIQN KEct,AAAIQNXp~aq nou ~Ar~E oiiç 31 IIEKqJ~3piou 2012

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!uvoAiicâ EooöaKaOapô idpooç yia Tr~ xp~o~ - - 77,499 77,499

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To ano8qjaTlKô ~KöOarlc IJETOXd)V Ufl~~ TO âpTiO öEV dvai ôiaO~oipo yia öiavop~.

ETOIPEIEç nou ôEv öiav~pouv 70% TWV KEp5~v i-ouç IJETà i-ri popoAoyia, ónwç npoaöiopi~ovToi one TOV nEpi EicrâicrouEiacpopâç yb TflV ‘AiJuva TIlç ~rflJoKpaTiaç NÔIJ0, KOTÔ TO T~Aoç TWV &JO ETbV OflÔ TO T~AOc TOU (pOPOAOyIKOO ~TOU~OTO OflOlO Ta KEpöfl avaq~povi-ai, Oa OaopEiTal nwc ~XOUV ôiaV~IJEi aUTO TO fl000 oav ~pia~.ia. ‘Eicraicr~ OPUvTIKñEia(popO npoç 15% Ga Elval nAqp~T~a nOvw OE auTñ Tfl Aoyi~OpEvr) öIavop~ pEpiopaToç OTflV ~~~aoq flOU 01 [i~TOxOI,~ OKOflOl:,~ Aoyi~OpEvqç ôiavopñc pEpio~JaToc KaTO TO TEA0c Tqç nEpiOôOu TQ)V öiio ETd)V ariO TO T~O~ TOUcpopoAOyiKoO ~TOUç OTO OflOIO TO K~pöfl Ova(p~povTai, Elval (pOPOAOYIKOi KOTOIKOI Ki’Jnpou. To fl0000TO Tfl~ ~KTOKT~1~

ElcKpopOc yia T9V O~iuva QU~~9r1KE OTO 17% yb K~pórj via TO (pOpOAOyiKO ETOç 2009 Kal oro 20% via K~PöII via TO(popoAoyikO ETfl 2010 Kal 2011. To noaó~qç Aoya~OpEvflç öiavo~iñc pEpicJlJaToç IJEILbVETOI ~E OflOIOö~flOTE npoy[JaTiKOp~piajia nou ~öq ~iavEp~Orp<E YlO TO ~TO~ OTO OflOiO TO K~pöq avacp~pov~ai IJ~XPI TO TAOc T(i)V ÔUO ETd)V OflO TOT~AOç TOU POpOAOyIKOO ~TOUç OTO OflOiO TO K~pöfl avaq~povTaI. AUTII fl &rOKTfl OpUVTIKfl EIo(pOpO KOTOI3cJAAETOI anOTflV ETaIpEio yia Aoyapiac~ijO TCa)V IJETOXWV.

Oi aripEithaEic oiiç oEAi&ç 10 ~j~xpi 23 OnOTEAOOV avanOanaoTo J~poç OUT()V TWV OIKOVOIJIKd)V KOTOOTaOELUV.

8


KATA~TA~H TAM EIAK≤2N POQNXp~oq nou EAr~E oriç 31 AEKEIJI3Pi0U 2012

2012 2011~qp. € €

POH METPHTflN AflO EP~AZIE!KEp5oc npiv Tfl ~popoAoyia 182,506 96,273Avanpoaappoy~ç yla:flIolwTIKoOç Tókouc 7 (218,424) (173,335)

Po~ IJETPI1TWV yia cpyaaIEç npiv OflÔ aAAayEc OTO KEpáAaIoKIVI1OEWç (35,918) (77,062)MEka)Gfl/(a~qaq) OTO EIGflPaKT~O noaâ 6,904 (6,904)A~qaq o~ouç âA~ouc flIOTWT~~ 14,094 2,554Po~ IJETPI1TWV yia EpyOOiEç (14,920) (81,412)DopoAoyia nou nAqp~eqKE (29,963) (17,739)

Ka8ap~ poñ pcrpqrwv yia EpyaaiEc (44,883) (99,151)

POH METPHTQN AflO EflENAYTIKE! APAZTHPIOTHTE!flAqpoIJIl yia ayopá EnEVöLJYaUV GE 8uyaTpIx~ç ETOIpEIEç 9 (2,698,562) (935,000)flAqpop~ via ayopâ En~vöuaflç GE aUvöEöE~vr) €~raipda 10 (135,000) -

Eianpa~q TÔK(i)V 192,410 173,335

Ka9ap~ poq IJETPI1TWV yia EflEVÔUTIKEc 5pOOTflpIôTflTEç (2,641,152) (761,665)

Ka0ap~ pEIWOfl OE IJETpqTá Kal avTicrroixa IJETPI1TWV (2,686,035) (860,816)METPr1Tá KOl avilaToixa pETpqT()v:~T~IV O~)(I~ Tqç xp~aEo)c 6,908,103 7,768,919

ZTO T~Aoç ~r~ç xpño~coc 12 4 222 068 6 908 103

01 Ofl~EIWGEi~ OTIç oEAiôEc 10 p~xpi 23 ano-rEAouv avanóonao-ro ji~poç QUTWv T(~)v OIKOVOIJIK()V KOTOOTÔOEWV.

9


~HMEI≤2ZEIZ ZTIZ OIKONOMIKEZ KATAZTAZEI~Xp~or1 nou ~Ar~E oriç 31 lIEKEIJi3piou 2012

1. ~uoraaq Kal IcOpIEç 5paOTqpIóTflTEc

Xwpa ouoTáoEwç

H ETalpEla Piraeus Equity Partners Limited (q ETaipEla’) cjucrra9qKE a~qv KOnpo oiiç 11 ~Ef3pouapiou 2010 wçiôIWTlK~ ETOIpEkI flEpIOpicY[1~Vfl~ Eu6Ovflç oupq~wva IJE Tic npâvolEc TOU nEp~ ETaipEithv Nôpou Tflc KOnpou, KEq. 113.To ~yy~ypapi~~vo ypa~p~~o Tr~c Eivai oTqv ThOpou KunpiavoO 1, 1065, AEuKcia~a, KOnpoc.

KOpIEc öpaalqpIóTflTEc

Oi KOpIEc ôpaoTnpiôTnTEc Tnc ETalpElac, EIVai Oi EnEv5uTlK~ç öpaoTqpióTnTEc.

AAAay~ ypappa~~a

ITic 15 aEI3P0UOPIOU 2012, ri ETaipEla npox~pqo~ GE aAAay~ ypap~iar~a anó TflV Cyproservus Co.Limited orqv AlterDomus Services Limited.

2. Aoyio-riic~ç noAnIKEc

01 KupióTEpEc AovIcTrIK~c noAiTIK~c flOU uiO8ET~OflKav oTr~V ETOIIJOOIO OUTWV TQ)V OIKOVOIJIK(bV KaTacrrâoEwvavaq~povrai nio I(ÔT(O. AuT~ç 01 noAiTiidc ~XOUV E(paplJOOTEi liE GUV~flEI0 yia ôAa Ta ~Tfl nou napouaià~ovTai GE au~~cTic 0iK0V0lJIK~~ KaTaoTâoElç, EKTÔç OflÔ ÔflOU ôr~A()vETai öia(popETlKà.

Báaq Tqç OuvExIióIJEvqç AElToupyiaç

H ~IEOOuvor~ ~ric ETalpElac ~XEl npol3Ei GE EKTIpflOfl Tflc ~uva-rôTqTaç Tfl~ va öiaTflpq8Ei wc auvExi~ópEvq AEiToupyiaKai ~)(Ei iicavonoiqed ói-i q EToip~ia ôia0~TEi ~ouc 0iKOVOIJIKOiJc nópouç yia va GUVEXiGEI Tic EPY~O~E~ Tflc OTO

flpOI3AEflÔIJEVO ji~AAov avEçápTryra arió Tfl oiKovoIJIKn KaTâaTacJrl Tnc pnTpiKi~c ETaipElac, TpânE~ac flElpaithc A.E.

Eninpóo8ETa, 9 AlEO~UVGfl Tflç ETaipEiaç a~ioAoyEi Gay G9pOVTIKö BETIKÔ napàyov-ra Tfl O)(~Gfl KOl unorri~piF,q nouEXEi anô Tfl lJflTpIKi) ETaIpEia 9 onOia ~XEi KpiOEi coc I3ic~ailin Kal I3PIGKETOI OTO TthKÔ OTÔÔIO avaKapaAaionoi9ciflç Tqc.ZTa p~aa AnpiAiou 2012 Kai OTO nAaioio TOU nAàvou avaKEcpOAaIonoiflcJqç T(OV EAA9viK(i)v TpanE~cbV, TO EAA9VIKOTaijElo Xp9IJOTOflIGT(OTlKñc zTaeEpoTnTac (ETX~) napEixE f3EI3akUcJfl ô~GjJEUaric via T9 GIJ[JIJETOX~ TOU o-rqvEniKE1pEV9 aO~qciq IJETOXiKOO KEcpaAaiou Tnc Tpân~ac flEipaicic A.E. H ö~GIJEUG0 flOU avEArl(p811 OflO TO ETXZ~EKiv9aE va uAonoIEiTaI oTic 28 Maiou 2012 ~E T9 popq~ npoKaTa13oAi~c, nou &0iIKE ~E T9V EKX(i)pflOIl OlJOAÔvWVEFSF anó TO ETX~ GuvoAlKñc ovopao~i~r~c a~iac € 4,7 öic.

~Tic 21 AEKEIJI3PiOU 2012 TO ETXZ napEixE npóo8ETq flpokaTaPoAñ KEpaAaiou iiqiouc € 1,5 oic, KaOcoc Kai BEI3aiwoqA~apEUa9c € 1,1 &ç (Commitment Letter) via T9 GUIJIJETOXñ TOU OlD flP6~P~l4IO KEcpal~aiaKñc Eviaxuo9c TncTpânE~ac flEipaIc~c (ai~qa~ [JEToxiKoO KEcpaAaiou i<ai~opoAOyiEc). ETOI, TO oOvoAo TOV flpokaTal3oAthvKapaAaiou xai q BEj3akoaq !~GpEUOr1c nou ~XEI napáoxEl TO ETX~ av~pxov~ai OTO nooó TOW € 7,3 öiç nou avTIOTOiXE1OTO oOvoAo TWV KEcpaAaIaKthv avavKthv ii~ TpânE~ac flEipaic~c A.E., óncoc npoaöiopio-r9KE OflÔ T9V TpânE~a T9cEAAáooc.

zTIc 26 MapTiou 2013, r~ Tpâr1E~a nElpaid)c AE un~vpaqi~ aui.~pcovia via Ti]V aflóKrflGfl ôAwv TWV KGTOOEOEWV,ôavEicov Kai KaTaoTrfliâTwv aTr~v EAAàÔa T~c TpânE~ac Kiinpou, T91 AaIkñc TpánE~ac Kai Tqç EAAqvixñc TpânE~ac,aupnEpiAaliI3avop~.vcov TWV ôavEicov Kal KaTaOEcJEcov TOW euvaTpiKthv TOUR orr~v EA)~áöa, ~vavri GuVOA1KOÜ TipqpaToc€524 EKaT. H Guli(pcovia ôiaapaAi~Ei T9 oTaOEpóTqTa TOU EAA9ViKOO TpaflE~iKOO ouaTrfljaToc, GUVöPaIJEI T9V KOnpocrrriv ~VTIliET~flIG9 T9~ KpiGfl~ Kai E~aocpaAi~El TOUç KaTae~TEc, nEAàTEc KOi unaAAñAouc TOW 3 KunplaKwv TpOnE~thVorriv EAAâÔa.

10


~HMEIc≥~EU ZTIZ OIKONOMIKE~ KATAZTA~EIZXp~oq nou ~Ar~E oTiç 31 lIEKqJI3piOU 2012

2. AoyIarIkEç noArriK~c (auv~XEIcz)

ZTic 22 AnpiAiou 2013 fl IJflTPIKO Tflç ETaipEiaç, Tpànc~a flcipaidc AE avaKoivwac T~V OpIGTIK~ oupcpwvia ~JE T1)VnopToyaAixñ i-pânc~a Millenium BCP (“BCP”) yia TflV anöicr~a~ rou auvóAou TOU IJETOXIKOO KE(paAaiOU Tqç MilleniumBank Greece yia €1 EKaT. H oupcpwvia npo13A~nci Eniar)ç TflV aUPPETOX~ Tqç BCP pc €400 EKaT. 0111V EfliKEilJEVflaIi~1wfl TOU PETOXIKOI~ Kc(paAaiOu Tqç Tpânc~aç flcipaic~ç AE ora nAak~ia Tqç avaKEqaAaionoir)c7llç T(A)V EAAI1VIKd)VTpanE4bv. Mc T~IV iavr~aq auTh aAAâ iai anó Ta xpñpaTa i-iou Ga AâI3ci aná TflV yaAAiK~ Societe Generale (aflo TflVE~0yOp6 Tqç rEviK~ Tpânc~a AE), r~ Tpânc~a Flcipaithç AE uncpKaAlJnTEI TO nooocrrô loIcoTiK?lc OUIJIJETOX9c T9c Tà~r~çTOU 10% nou Ei)(E KaGOpioTci ano T9V Tpânc~a Tf)~ EAAâ&ç K01 TO Taliclo XprlpaToniaTwTIKñc ZTaGEpóTflTGç 1<01napap~vci OE IÔIWTIKÔ x~pia anokAciovTaç TO Ev&xópEvo ncpai-r~pw KpaTiKi’]ç crrñpi~nc. H avakc(paAalonoir)aq TqçTpânc~a flcipai~c AE ovaij~vc~ai va npoxwp~oci pcTâ TflV oAoic?~~pwaq TQ)V nb nàvw OU[J(pQ)vi(bV pc TI]V BCP OTOoE1:JTEpO E~âpflVo TOU 2013. Mc ~iç c~ayop~ç auT~ç rj Tpânc~a flcipaidc AE KaGioTaTci 9 IJEYCAOTEp9 TpâflE~a OT9VEAAâöa.

H ~icOGuvcxq ~r~c ETaipEiaç Aa~jf3âvovTaç unÔl4Jr~ Tfl ôuvaTôTrp-a 1<01 T9V npó8co~ T9~ avaKEcpaAabonoIrflJ~vqç IJr)TPIKIicTpànE~aç va crrrIpi~Ei Tuxôv avayKcç pEuoToTflTac Tr~c Ei-aipdaç, EKTIpIfI ÔTi q ETaIpEia ôiaG~TEi Touç OIKOVOIJIKOOcnópouç yia va ouVExiaEi Tic cpyaaicç ~ric OTO npooc~~ç p~AAov KOi Eno~J~voç 01 OiKOVOIJIK~~ KQTaOTÔOEIc ~xouvKaTapTlcrrci pc I3âoq T9V apxñ Tfl~ ouvExl~ó[JEvnc AclToupyiaç.

Báoq Erolpauiaç

01 OiKOVO~iK~~ KaTaoTác7EIc Tqç ETaipciaç ~XOUV EToipaoTEi oOpcpU)va ~E Ta ~IEGVfl flpàTuna XpflIJaTOoiKOVOpiKñcAvaq~opâç (~flXA), ôncoç 0uTà uioOETIGflxav anó T9V Eupc~naIK~ Ev~oq (EE), K~I Tic anaiTñoclc TOU nEpi ETaipEIthvNóIJou T9~ KOnpou, Kcp.113.

H ETaipEia öcv unoxpcolrral anó TOV nEpi ETaipEIc~v Nóijo, KEp. 113 Va ETOIjJ6OE1 cvonoir~i~vcç OiKOVO1JiK~~KaTaoTâociç Enciöt~ q ETaipcia 1<01 01 GUvaTplK~c T9( anoTE~NOOV ouyKpoTqpa WIK~DOU [iEy~G0Uç Kai r~ ETaipcia ôcvOKOflEOEI va EK&XYEI c~onoiqp~vcç OlKOVOjiiK~~ KOTOOTâOE1c. Evonoii~IJ~VEc OlKOVOplldç KaTaoTâoElc ETOipâ~oVTai anôT9V TEAIK~ iG~ivouoa ETaipcia, TpânE~a flcipaidç A.E.

Karâ TflV qpEpOIJr)Via T9c EyKpiaflc TWV OIKOVOIJIKLbV KaTacrráocc~~v, óAa Ta ~icOvr~ flpóTuna XpflWaToOIKOvopiKñcAVapopâç nou ~xouv EKÔOGEI ané TO !uiiI3oOAio ~icGvdw Aoybo-riKthv flpoTiJn~w (~Mfl) Kal civai Eqappóaijja anô T9V1 Iavouapiou 2012 ~xouv uioOETqGEi anâ T9V EE p~oo Tflç öiaôixaaiac uio8~rnonc nou KOGOpiOT9KE ano T~IVEupwnaIK~ EnITpon~, IJE E~aiPEOr) TO)V 1110 KáTW:

• Opiop~vov npovoi~v TOU Mfl 39 XpflpaToolKovoplKà M~xra: Avayvthpiaq KOl AnoTip9ofl’ oc O)(E09 liEAoyiom<~ avTloTâGp ionc XapTo(puAa <iou.

01 0lKOVO~lK~ KaTaoTâoEIç ~XOUV ETOIIJaOTE1 IJE 13â09 T9V apxñ TOU IoTopIKoii KóoTouc

H EToipaaia TO)V O1KOVOIJ1KthV KaTaaTâoaOv (3O1J(pWVa ~E TO 1~flXA anaiTci Tfl XPñOF1 opioji~vwv OqpaVTIKc)VAOyIOTIKdV EKTIWñGE(A)v 1<01 T9V &JK9cYr1 Kpiaflc anó Tfl AicOOuVofl OT9 öiOôlKaGia ccpap~oyr~c TWV AoyIcrrIKc~v apxd)VTnc ETaipdac. Oi TopEic 1101.1 OflOITOOV WEVOALJTEpOU ~aGjioâ piaq ~ civai nio noAOnAoKoi i~ Topcic ànou 0! napaöo~~c1<01 01 uflOAOyiaWOi ~xouv O9jJaVTiK~ EfliöpacYfl oiiç OiKOVOpIldc KaTaOTâOEiç flapouOia~OVTai OT9 Zi1pEiWO9 4.

YIoOErqaq KaivoOpyuov 1<0’ avaOEcopqp~vwv liflXA

KaTâ T9V TPEXOUO0 XPIIOI1, 9 ETaIpEia U1OGET9OE âAa Ta VE0 KOl avaGcop~p~va ~ic8vi~ flpóTuna XpIIIJOT0OIKOVOWIKñcAvaqlopâç (~~1XA) T0 onoia c1xETi~ov-rai pE Tic Epyaaicç T9~ Kal EIVOI E(pappâoipa yb Aoy,oTiK~c xpñocic nou apXi~OUVOflo T9V 1 IaVouapiou 2012.

11


~HMEI≤2~EIZ ZTIZ OIKONOMIKE~ KATAZTA~EIZXp~aq nou ~Afl~E oTiç 31 ~EKE[J13PIOU 2012

2. AoyIoTIKEç noAITIK~c (auv~€ia)

Y.oOà-qoq KaIvoiJpyiwv icrn avaOEwpqp~v~v AflXA (auv~EIa)

KaTâ T1’jV fl[JEp0IJ9vIO ~y~pia~c OUTd)V T(OV OIKOVOIJIKthV K0TaOTâoa~v Eixav EKoOeEI 0fl6 TO ~up13oi~Aio ~IE0v~vAoyIoTIKthv flpOTOflCOV npoTuna 1(01 AIEppr~vEiEç flOU ÔEV Eixav TEOEI 0Kópr~ GE E(pappoyr~. MEpiKà one OUTâuioeETñoqkov anó TflV EuponaIK~ ‘Ev~ofl KOl âAAa aKoIJn. To ~IOIKflTIKó ~u~i~3oi,Aio avaij~v~i ÔTI q uioO~r~ari OUT(~)VTWV T]POTOrIWV XPr1P0TOOIKOVOIJIKñc ava(popâç GE pEAAOVTIK~ç xPñcJEic öEV Ba ~XEl O9~0VTIKF~ EniöpacYfl OTIç

OIKOVO~IK~~ KaTaoTaaEic TI]~ ETOIpEiaç.

OuyaTpIKEç £TaIpEiEc

OuyoTpiK~ç EIV0I OAEç 01 0VT0TrITEc (nEpIAapf3avop~vou OVTÔTr)TEç EIöIKOi’J GKOflO1J O.Ei) oTic onoiEc r~ ETolpEla ~XEITfl E~OUGi0 Va OOKEI ~AEy)(O oTIç OIKOVOIiIK~~ 1(01 EflIXEIPIW0TIK~~ nOAiTIK~ç TOUç Kal YEV1KÔ cJUV0ÔEUETOI ~E ~VQ jJEpiöIOflOU IJflEpI3OIVE1 TO 50% OTO öIKaIthpaTa qJI~pou.

Ci EnEvöiJaEic GE Buy0TpiK~ç ETOIpE1Eç napOuaiá~OvTai OTt]V TIIJ~ icrñor]c IJEiOV npôI3AEI4Jr~ ‘/Ia IJoV1IJ9 OflOIJEIQ)Gfl Tqca~iac Touç, fl onola 0V0yVOpI~ET0i (~)ç ~oöo Tqç flEpióöOU K0T~ TI]V OflOiO EVTOfli~ET0I fl OflOIJEIWOI1.

ZUVÔE5EIJEVEc ETOIPE1Eç

Oi GUV5EôEIi~VEc ETaIpEiEç EIVGI ÔAEç 01 OVTÔTflTEç orlc OnoiEç r~ ETaipEia OGKEI arnjavTiKñ ~nippoi~ aAAâ óXi E~EyXO,flOU YEVIKâ OUVOöEOETOI anó ~V0 IJEP1Ô1O pET0~O 20% xai 50% OTO 6IKOIthIJOTO 4J?)(pOU OAAâ Tic OflOlEc ÔEV EA~yXEi. CiEnEVöOcTEIç GE auVöEöqJ~VEc ET0IPE~E~ n0pOLJcJiâ~OVT0i GTr~V Tipi~ icrñorlc IJEIOV flpóI3AEqJfl yia póVIpfl pEk~G9 Ti]~ a~iaçrouc, fl OflO~0 0V0yV(~)pi~ETai wç ~oöo tr~c flEpIööOU K0T~ TflV OflOlO EVTOflI~ET0I r~ pEki)Ofl.

Avaywopiaq EicJoörlIJáTwv

Ta ~aoôa Tflç ETaipEiaç avayv~p~ovToi wç E~ñc:

• flIo-rwTiKoi TóKOI

fliorwTikoi TÔKO1 0V0~VWP~OVT0i KOT’ avaAoyia XP6VOU, ~pfloiponoI()Vraç Tfl p~Ooöo TOU flPOYIJOT1KOOEfl ITOK~OU.

METaTponij ~EVOU vo~JiO~JaToç

(1) Nôpioija A€iToupyiac icai napouc,iaogcTa crroi~Eia nou nEpiAaIJ~3âvovTai oTiç OiKOVO~IK~~ KOTOOTÔGEIc Tqç EToipEiac OflOTIjJOOVTOIXPr~GI[iOflOithVT0c TO VÔIJIGIJO TOU KOpIOu OIKOVOp1KOIJ nEpil3âAAov-roc [J~X50 OTO OflOiO AEITOUPVEI i~ ETaipda(‘TO VO~Jia~J0 AEIToupvioc’). Ci OIKOVOPIK~~ KaTocTráaEic fl0POU~Yi~1~OVT0i GE Eupd (€), TO OflOIO EIVOI TOVoIJiaIJa AEiToupyiaç KOl napouoiaoqç Tqç EToipEiaç.

(2) ZuvaAAaytc KaI uriôAoina~uvaAAay~c GE VO VôlJiapa ~ET0TP~flOVT0i OTO VÔJJ1cJIJO AEiTOupyiaç ~E I3aOfl Tic TIIJEc GUVaAAayIJaTocflOU IOXUOUV TflV flhJEpOpflvia Tflç ciUVaAAayñc. ~UVaAAaypaTiKâ K~P&) KOl ~qIii~c flOU nPOKOnTOUV one TflVE~Ô(pAflGq T~TOIWV ouvaAAaythv KOl QflÔ Tfl jJETOT~OflI~ ~E Tfl GUVOAAOVIJOTIKI1 GOTipia nou iOXOE1 OTOT~.AOç Tqc XPI~GEWc XPI1POTIKthV OTOIXEki)V EVEPYflTIKO~J KOl UnOXPE()GEO)V flOU EiVO1 GE ~VO VOp~OpaTaaVayVwpi~OvTai OTO anoTEA~opaTa.

12


~HMEIQZEU ZTU OIKONOMIKEZ KATA~TAZEIZXp~oq nou ~Ar~E oTiç 31 LXEKE~J13piou 2012

2. Aoyla-rIk~ç noAlTlic~c (auv~EIa)

cDopoAoyia

H xp~a~ cpopoAoyiaç yb TflV nEpioöo nEpiAapI3âvEi TflV TP~XOUGO Kal avaI3aAAàpEvq qopoAoyia. H popoAoyiaavayvcL)pi~ETai oTa anoTEAEoIJaTa EIcràc aTrlv àcTaar) ànou aXETi~ETaI ~E ~T~Oi)(E~C flOU avayvcopi~ovTaI oTa AoinâauvoAlKâ EiaOô~pa-ra i~ an’ aiedaç oTa iöia KapâAaia. ~TflV nEpinmaq au~r~, ~ qopoAoyia avayvc~)pi~Erab Eniar~ç oraâAAa cruvoAbKà EiooöfllJaTo i~ an’ EuBEiaç OTa iôia KExpâAaia, avTioToixa.

H ~p~xouoa xp~won cpopoAoyiaç unoAoyi~ETaI liE I3âcxfl T9 (POPOAOVIK~ vopoOEoia flOU ~XEI OEanicrrEi i~ ouobaoTikaBEOnI0TEI KOT6 TF]V flhiEpopr)via avapopâç cmi xthpa ónou ~ ETaipda öpooTrlpbonoiErral icai OflIJboupyEi popoAoyrlT~oEiaóöqpa. H ~bEOOuvar~ a~ioAoyEi nEpboöbká Tic O&JEIc nou Aap~âvov-rai o~ cpopoAoyiic~ç ôqAdxxEiç aE ~FX~Ofl liEKaTacrrâoEbc ÔflOU fl EcpaplJooeEiaa (p0pOAOyiK~ voijoGEola UnOKEITa! OE EppflvEia. Eâv q Ecpappoo8Eioa popoAoyIK~vopoeEoia unóKEn-al GE Eppqvda, Ka8opi~Erai npól3Aapn ónou dvai KaTâAAflAo ~E I3aan Ta noaà nou unoAoyi~ETaI vanA~pwOotiv o~ic cpopoAoyIK~ç apx~ç.

H avaf3aAAópEvq popoAoyia avayvcapi~E-rai xprioiponoidwrac Tfl p~6oöo unoxp~woqç nâvü oriç npoowpiv~c ôiaqop~cnou nPOKOnTOUV IJET0~O Tqç (pOpOAOyiKñc I3áaiic T(~)V JTOIXEIWV EVEPYrITIKOO Kal UflOXPEO)OEWV Kal Tr)ç AoyboTIK~ç Touca~ac oTIç oIKOvopiIdç KaTao]-âoEiç. EvToiiToiç, r~ avaf3aAAópEvr~ popoAoyia öEv Aoyi~rai Eâv flpOKOnTEI anô apxbKb~javayvdpioq Evóç oToIxEiou EvEpyqTIKOO r~ unoxp~cooqc GE pia ouvaAAay~ EIcrôç anó ouv~v~oq EniXEip~oE(ov, q onolaKaTâ Tfl OTiy~JI~ Tqç cxuvaAAayñc öEV EnqpEâ~EI O~JTE Ta Aoyicrnkâ OIJTE Ta (pOpOAOyqTEa K~PÔI1 ~) ~11pIEç. Haval3aAAópEvn cpopoAoyia IcaOopi~ETaI xpnolponolcbvTac popoAoylKoliç ouvTEAEcrr~ç KGb vopoOEoiEç nou ~xouvOEanIa-i-Ei I~ ouolao1-IKÔ OEonio-I-Ei p~pI TflV rfliEpoprlvia avacpopâç Kai avap~v~~ai OTI Oa ba~Oouv ÔTOV TO GXETIKÔaval3aAAôpEvo cpopoAoyikó oToixElo EvEpyflTIKob) EKnoIr)9Ei i~ óTav q avaI3aAAôpEv,1 cpopol~oyIK~ unoxp~oa~ôbaKavovIcrrei.

Ava~3aAAôpEvEc cpopoAoyiK~ç analTfloEiç avayvopi~ovrai o1T~v ~icraaq nou Elval niOavóv cm pEAA0vTIKÔ popoAoyrp~aK~p&~ ea dvai öiaO~oipa ~vavii TWV onoiwv 01 npoocopiv~ç öiaqop~c pnopoOv va XPfloIPonoIriOoOv.

0, ava~3aAAóp~vEç (popoAoyiK~c anaiTi’joElç Kal unoxpscboEiç oupqJqcpi~ovTaI óTav unóp)(Ei vopixa io~(upô öbKak~)paoUpLpq(piopOIJ TP~XOVT(I)V (POPOAOVIK(bV aflaITI~OEWv pE T~)(OUOEç cpOpOAOyiK~ç UnOxpE(ioEic KOl ÔTOV 01aval3aAAópEvoi cpópOi OXETi~OvTaI ~E (pôpO ElooôñpaToc nou XPE(bVETOI anó TflV iôia cpOpOAOylK~ apxn OTflV ETalpElaónou unâpxEi npó9Eoq yia ~IaKavovbopó T(i)v unoAoinwv GE Ka8ap~ f3âor~.

XpqparoolKovoplká IJEOa

Ta XPnPaTooiKOvopbKâ crrOIXEia EVEpyflTIKOO 1(01 01 XPflP0TOOIKOVOPIK~~ UnOXpEWOEIc GvayvWpi~ovTaI OTOV iooAoyIcYlJàT9c ETaip~iac, ané Tfl oiiypi~ nou q ETaIpEia KaGioTaTal ~va p~pOç EK TO)V GUp~3aAAÔpEV(i)V TOU XPI1IJaTOOIKOVOIJIKOOIJ~GOU.

EnEvöOoEic

(1) TaEivó[Jrlorl

H ETaIpEia TOçIVOPEI Tic EI1EVÔOOEIç Tfl~ GE pEToxEc KOl opôAoya oTiç akoAoueEc KaTqyopiEç: öâvEba KGb ~ionpaicr~a KGbEnEvöOoEIc ôIae~oIpEç npoç n~iAqo~. H Ta~JVÔPflOrI TWV EnEV6OOEU)V E~apTàTaI onó TO OKOflÔ ‘fiG TOV onoioanoKTqOqkav 01 EnEvôOoEbc. H oIE~eUvoq anopaoi~EI TflV KOTâAAI]Afl T0~IVÔP11O11 TWV EI1EVÔfJGEWV KaTÔ T~1V GPXIKflavayvbpioq.

13


ZHMEI≤2~EU ZTI~ OIKONOMIKEZ KATA~TAZEIZXp~aq nou ~Ar~ oTiç 31 &Kqjl3piou 2012

2. Aoyio-riic~ç noAITik~ç (auv~x€ia)

Xpq~JaToolKovopIKá p~ua (auv~XEici)

EnEv5OGEIC (ouv~Eia)

MVEIO Kal ~ianoaicr~a

Ta öâvEIa Kai ~ionpa~r~a Eivai Jfl riapâywya XpflpaTooiKovo~iKa flEplOUOIaKa oToI)(Eia ~E OTaeEpEç flnpooôiopiai[lEç nA~pwp~ç flOU 6EV EIVOI ~ianvii~va OE EVE~VI~ ayopâ ~ai via Ta OflOlO 6EV UflâpXEI flpOOEOfl viaqinopia TOU EionpaIcr~ou. flEpiAaljI3ávovTai oTa KuKAopopoâvTa nEpiOUOIaKà OTOIXEIa, EKTÔç CIV EXOIJV A~~qnou unEpi3aivEi Touç 6d~6~a pflvEç anô TflV qpEpopr)via TOU iooAoyioijoO. AUTá Ta~ivoIJoOvTai wç P9KuKAOcpOpolJVTa nEpiouoiaKâ aToixda. Ta öâvEIa iai ~ionpaicr~a TF]~ ETaipEiaç anOTEAOOVTai one ‘EianpaIcr~aflOOâ’ Kal ‘~ETp9TÔ OTI]V TpânE~a Kal OTO TaIJEfO’ OTOV iooAoyiGiJO.

(2) Avawc~pion ~ai anoTiijnan

Ayop~ç iai nuAñaEic EnEv6t’JaE(OV ~E 13âo0 aup~óAaio KaVoVikñc napà6oa~c avayVwpi~OVToi KaTá T9V I1IJEPOIJI1VIO nOU6lE~àyE-raI r~ auvaAAay~, nou Elval q flpEpopflVia KaTà T9V onola r~ ETaipEia 6EopEOETai va avopaoEl ?~ va nCoAfloEi TOcrrolxEio EVEpY9TIKOIJ. Oi EnEV6~JaEiç aVayv(I)pi~ovTaI ap)(IKâ GE 6iKaiq a~ia, nA~ov TO KooToc auvaAAayñc via ÔAEç TicEnEV6OGEiç nou 6EV napouaIa~ovTai GE 6iKaiq a~ia . 01 EnEv6OGEIç nou anoTipoOvTal GE öiKaIfl a~ia , avayvcopi~OvTaiaPXiKá GE 6iKaifl aç~a 1(01 Ta ~o6a ouvaAAaythv XPEthVovTai a-i-a anoTEA~opaTa. Di EnEV6ñGEIç öiaypâipov-rai ÔT~V TOölkakopa va EiGnpaXOoIJV XP9PaTiK~~ po~ç 0fl6 Tic EnEV6OaEic ~XEi Afl~Ei ñ ~XEI IJETapEpOE1 K~I q ETaipEia E)(EiouoiaoTika ~ETO(~~~Ei ôAa Ta piGKa Kal oq~Ar~ i6ioicr~c~iaç. Ta öávEia Kal EIGflPOKT~~ p~xpI Tfl ~ napOuGió~OVTai GEanOaI3EGIJ~VO IcôoToc xpqaiponoiciwraç T9 p~8o6o TOU npaypaTlkoi:J En1TOKIOU.

AAAayth a-rq ôiKaiq a~ia T(OV XpflpaTixcbv TITAWV nou napouaiá~ovrai GE ~va ~vo vöIJiopa KCIi Ta~IVOpoOVToi c~c6ia8~aipoi npoç ndAqo~ aVaAOov-rai avapEaa GE GuvaAAaypaTiK~ç 6Iapop~ç nOu nPOKIJnTOUV anó aAAay~c a-toan0cJI3EGIJEVO KóoToc TOU TITAOU K0i ÔAAE aAl~ay~c a-rq AoylcrriKii a~ia TOIl TITAOU. Di ouvaAAaypaTIK~ç 6iapop~ç GEXPflPCITIKO~~ TiT?~ouc avayvwpi~ov-rai a-ta anoTEA~opa1-a, EV() auvaAAaypamdc 6iacpop~ç GE P9 XP9POTIKO~~ T1TAOUçavayVwpi~oV1-ai a-ta âAAa ouVoAIKâ EIoo6~paTa. AAAay~ç 0Th öiicairi a~ia TWV XP9PaTIKthV KOl P9 XP9IJaTIKd)V TjTAU)Vnou Ta~IvopotthaI oç 6iae~Gipoi npoç nthAqo9, avayvopi~ovTai oa àAAa GuVoAiKà Eiooö~paTa.

OTaV TITAOI nou Ta~ivopoOv-rai cic 6iaO~Gipoi npoç nbAqGq nwA9eoIJV ~ unooroOv anopEk~G9 a-riiv a~ia, oiouoocIJpEup~VEç avanpooappoy~ç o~ öiiaiq a~ia nou avavV(opiaTqKav a-ta âAAa GUVOAIKâ Eioo6~paTa,nEpiAapI3âVoVTai oi-a anoTEA~GpaTa wç K~p6q 1(01 ~qpi~ç anó EnEV6OGEIc 6IaO~aipEç npoç fl(b)~9G9.

0 TóKoc o-rouç -rii-Aouç nou EIVaI 6iaO~oipoi npoç n~A9Gq 0 onoio~ UflOAOyi~ETai xpnoIponoIc~vTac Tfl p~9o6o TOUnpaypaTlKoO En1TOKIOU, aVa’/vwpi~E-raI OTa onoTEA~GpaTa. Ta pEpiopaTa anó pEToxiKotIc TrrAouc 6iaO~GIpouc npoçnwAr)Oq avayvwp~ov~ai oTa anOTEA~GpaTa óTav ano&ixetJ TO ôiKaiwpa Tr]ç EToipEiaç va EiGnpâ~Ei.

H ETOIpEIa 0~IOAOyEi GE KaeE 9IJEPOIJ9VI0 avacpopâc KaTa nóooV UrIâp)(0UV OVTIKEIpEViKâ OTOiXEia OTi EVaXP9POTOOIKOVOPIKÔ OTO1XEiO EVEPy9TiKOO i~ pia opaöa XP9P~TOOIKOVOPIK~JV OTOIXEIWV EVEpv9T1KOO, EXE1 unOOTEIanopEkoa9 OT9V açia. ZT9V flEpinTwGq PETOXIKd)V T1TAWV nou Ta~IVop~8riKav ~c 6ia8~Gipoi npo~ nWA9G9, piaG0POVTiKñ 1~ fl0P0TET~~~V9 PEIWG0 a-i-fl ôixaiq a~ia Tqç PETOXñc KCITW one TO Koooc T9~ Aapf3ávETaI unóLvfl (~)ç~V6EI~9 nIOaV1~ç anopEiwGqc OT9V a~ia. Av unâpXouV TETOiE~ Ev6Ei~EIc yia EnEV6~JGEIç 6ia8~GipEc npoç nCbA9Gfl 9GuGGci)pEup~V9 ~qpiâ 9 onola npoG6iopi~ETaI coc 9 öiapopà pETO~O TOU KóGTouc aflOKTflO9ç 1(01 T9~ napOOGaç ÔiKoiflca~iaç, IJEIOV ~~pi~ç anopEiwonc TOU oToIxEiOu EVEpy9TIKOO nou npoqyoup~vwç avayvwpia-r9KaV a-ta OflOTEAEGpaT0,~ET0(~~~ETOI one Ta iöia KE(pâAOIO KOl 0VOyVCOpi~ETQI 00 anOTEA~GpaTa.

14


ZHMEI≤2ZEU ~TE OIKONOMIKE~ KATAZTA~EI~Xp~oq nou ~Ar~ aTiç 31 1~EKEIJi3piOU 2012

2. Aoyio-rii~ç noAITIk~ç (ouv~Ela)

XpqpjaToolkovoplká p~cia (ciuv~~€ia)

EnEvöOaEIC (auv~Ela)

Ooov apopâ Tic IJETOX~~ öIaOEaIIJEc npoç ndAqoq, 01 ~qpi~ç anojJ~iwo~ç flOU ~XOUV avayV(i)pIGTE1 OTO 0nOTEA~OpaTanpoflyoup~vc~)ç ôEv av~io~p pov~ai p~aw TU)V anoTEAEcJjJâTwv. Onoiaö~noTE aO~r~aq oTr~ öiKaIr~ a~ia Touç IJETâ T~)VJia ~flpiâ anopEio)cync avayvcopi~ETai oTa Aoinâ ouvoAlKá ~ao~a ~ai ea OUOOWpEUETO1 KOTLI) anó TOV TITAO TOUano9EpclTIKoIi EnavEKl-ipqcsqç EnEv5l~oE(~)v. ‘Oaov apopá Tic OiaO~aipEc npo~ ri~Aqo~ XPEOYP&PWV, q ~rfliiàanopEiwaflç Tflc OVOTp~flETOi OTI] OUV~XEIO p~ow TWV anoTEAEajJâTwv EÔV I] aO~no~ OTI] ôiKOifl a~ia Tr~ E[1~VÔUOflçIJflOIJEi Va ouvôEOEi OVTIKE1pEVIKâ ~E yEyovó~ flOU Efll!)AGE IJETâ TI]V avayv()plofl Tfl~ ~npiac anoIJEiwor)c.

METIJflTÔ K~I 0VT~OTOIY~ IJETOflTd)V

rio okonoOc ~r~c KOTâOTOOI]ç TOIJEIOKLbV pOthV, TO pETpflTâ KOl avTioToixa JETpflTc)V anoTEAoOv-ral anó pETpflTâ OTOTOIJEIO KOl OTI]V TpánE~a.

AAAoi flI0TCOT~C

Ci oAAoi ni~orr~ç OpXIKÔ EflI~ETP(~)VT0I OTI] öiKOIfl O~ia Touç KOl IJETOVEV~XJ1tPO EflIpETPdJVTOI aro avonôa13EcrroKócrroç liE T~]V XpflOIlJ0fl0I1~Gr~ TI]~ IJEOöÔOU TOU flpaypOTIKOii EniToKiou.

Aiaypaqn~~ xpIwaTooHcovo~JIKd)v OTOIXEiWV EVEPVflTIKOO Kal UflOXPE(~)~EWV

X~n IJOTOOIKOVOIJIKá OTOIYEIO EVEIJVflTIKOO

Eva XPL1IJaTOOIKOVOIJIKÔ OTOIXEIO EVEPYI]TIKOO ôiaypâqETaI OTOV:• EKflVE1)OOUV Ta GUp13OTIKâ ôIKaId4IaTa Efli T(i)V TajJEIaKd)V poüiv TOU OTOIXE1OU EVEpyI]TIKOO I~

• q ETaIpE~a öiaTflpEi TO OUIJPaTIKÔ öIKaI~pOTa Efli TWV TOIJEIOKd)V DOWV TOU XPflIJOTOOIKOVOIJIKOO OTOIXEiOU,aAAâ aV~AoI3E OUIJI3OTIKñ Ufl0XP~WOfl yia T1]V nA~pq KaTaI3OAñ TWV T~~EI~K(~)V pothv OE TPITO p~poç ~

• q ETalpEla ~XEI liETaI3iI3ácYEi Ta OUIJI3OTIKá öIKaId4iaTá Tr~ç Efli TQ)V TOIJEIaKbV fJOWV TOU OTOIXEIOU EVEPYflTIKOIJI] E1TE (a) E)(EI [IETOI31I3áOEI OUOIOOTIKâ óAouc T0U~ KIVöOVOuç KOl TO 0(pEAfl TI]~ KuplóTrrrac TOU OTOi)(E1OUEVEpy9TIKOO i~j (13) ÔEV ~XEi OOTE pETa13i13àoEi OIJTE öiOTflp~CYEi ouaIaaTIKâ óAouç Touç KiVöuvOuc 1(01 T~ 0(p~AflTI]~ KUPIÔTI]Taç TOO OTO1XEIOU EVEpyflTiKotJ, aAAâ ~XEi lJETaf3ii3aoEi TOV ~.AEVX0 TOO OToIXEiou.

XpflhJaTooIKovouIK~c UflOYQEdX7EI(

Mb XPI]IJ0TOO1KOVOIJIKIl Ufl0XP~U)OI] ôiaypâpETaI ÔTOV E~ocpAEiTaI, OKUPthVETaI I~ EKflVth.

‘OTQV p10 UpIOTâpEVfl XPIWOTOOIKOVOIJIKñ Ufl0XP~WOfl avTiKaO~aTaTaI anó àAAii ano TOV lob OavEbaT~ ~E 000IOOTIKQOiacpopETikoOç ópouç r~ 01 ópoi ir~ ucpicrrâpEvi]t unoxp~wo~ç TpononoIoiJvTai OUOIOOT1KÔ. T~Toia aVTaAAay~ i’~Tp0fl0floiflufl xEipi~ETai oc Oiaypaq~ i-r~ç ap~Iio~c unoxp~wonc iai avayvthpioq v~aç unoxp~wonc 1(01 q Oiapopâ oTa0)(ET1Kà flOOà avayvWpRETai OTa an0TEA~opoTa.

15


~HMEI≤2ZEIZ ZTIZ OIKONOMIKEZ KATAZTAZEUXp~aq nou ~Ar~ oTiç 31 ~EKEp~3piOU 2012

2. Aoyio-riic~ç noArrIK~ç (auv~EIa)

AnopEiwuq o-rqv a~ia oroIxEiwv EvEpyflTIKoO

Ta a-i-oi~~ia EVEPVr~TIKOO ~E anEplóplo-rrj wq~.Aip~ ~ &v anoo13~vovTaI aAAà EA~y)(ovTai KâOE XpóVO ‘(Ia anOjiEiwofloTqv a~ia Touç. Ta crrolxEia EvEpy9TIKOO nou anoa~3~vovrai EA~yXovTaI yia anopEkixJrl oTr~v a~ia, ÔTOV yEyOVÔTa i~aAAay~ç oTic nEpioTaoEiç &iXvouv nwç ri AoyIcrrIK~ a~iO liflOpEl Va JrIV LIVOI OvOKT~oipr). Zqpiá anopEiwoflcava’jvwpi~i-ai yia Tfl öiapopà ~r~ç AoyIol-IKñc a~iaç 1(01 TOU avakTñolpou noCJoO TOIJ oToIxEiou EVEPVflTIKOO. Toavalcrñolpo noaó Elvol TO pEyaAO-rEpo Tqç ôiKalqç a~iaç TOU crroi~Eiou EVEpyflTIKOO IJEIOV ~oöa fl(i)AñGEU)c KOl Tqço~iaç Aóyw XpñcJr~c. rio oKonO(Jç npooöiopiopoO TI]~ anopEkAxYflç, TO OTOIXEiG EVEPY9TIKOO opa5onoioOvrai orapIKpôTEpa EfliflEöa yia TO oflOlo unàpxouv ~ExcopIoT(c, avayvQ)pioIIJEç T0~ElOK~~ po~ç (povâöEç öriijioupyiacTOpEIOKdW podv). M~ XP~PaTooIKovopIKâ flEpioucJiaKâ OTO1XEiO, EKTÔç Tflc UflEPO~~O~, TO OflOlO öEV ~XOUV UflOCYTE1anoljEiwcJn EA~yXOVTOI yb ni~avi~ av-rIcrrpopr~ Tfl~ anojiEiwcJqc oE Ka9E flIJEpOpr]via iaoAoyiapoO.

!u~Jqir~picipôc XPflPaTooIKovoIJIIu~v [I~~5WV

‘Eva XPI1IJOTOO1KOVOIJIKÔ OTOIXE1O EVEPVI1TIKOO 1(01 ~lO XPF1IJOTOOIKOVOIJIK~ UflOXpEWGfl OUIJq)r~q)i~OVTaI KOl TO K000pOnooô OflEIKOvi~ETaI orov iaoAoyiopô, ÔTOV UI1áPXEI Efli TOU napóvToc VOIJIKÔ IOXUPÔ ÔIKO1(A)IJO OUIJL]Jfl(PIOIJOU TWVflOGd)V flOU OVayVO)pkJTflKOV KOI UflâpXEI 9 npoeEaq E1TE öIaKaVOVIcrIJOO TOU K090POU unoAoinou, EITE Eianpa~qç TOUfl000O Tflç aflOITflOflç pE TOUTÔXPOV9 e~ócpAqo~ rqç unoxp~woqc. AUTO öEV aupl3aivEl KOTÔ KOVOVO jiE KUPIE~auIJcpwviEc oUIiqJfl(pba~JOñ, KOl TO OXETIKâ OTOIXEiO EVEPV9TIKOIJ 1(01 flOO9TIKOO flOpOUOIO~OVTal OUVOAIKÔ OTOViooAoyialjO.

MET0XIIô IcE(pâAaIo

Ci ouvñeElc jiETO)(~~ Ta~IvojJoOvTaI wç iöio KEcpâAaIa. H öiapopO jJETOE,O Tflç öikalqc a~iac ~rjç avTlnapoxflc nouEIonpOXOqKE OflO TI]V ETOIPEiO 1(01 TI]V OVOjiOCT1IKI~j O~iO TOU EKôoOEvToc IJETOXIKOO KECpOAOIOU PETOCP(PETOI OTOOnOGEIJOTIKO Ufl~~ TO âpTIO.

flpof~AEq,EIc

01 npo~3A~ipEIc OV0yVWpi~OvTaI OTOV 9 ETOIPEIO ~XEI Lila napouaa VOjiIKb~j I~ TEKIJOIPOIJEVI1 UflOXP~WC1~j flOU flpoKuflTElOflO flpOr)yOOjJEVO VEVOVOTO, EIVOI niOavO Va UflopçEI pan OTOIXEICI)V EVE~’(9TIKOL~J ‘(Ia E~O(pAr1cJrj ou~rjç ~ricunoxp~oaqc, 1(01 TO ~1OGO Tqç unoxp~oqç IinopEi va unoAoyIcrrEi O~IOnIOTo. OTav q ETalpEia OVOjJ(YEI q npOI3AEtpqva anonA9p~6Ei, yia napOöElypa jiE ~âoq ~va aopaAIcrrIKO aupI3OAaIo, 9 ononArjpwpi~ avayv(opi~ETaI wç ~E~wpIcrrOOTOIXEIO EVEpV9TIKOO [JOVO OTOV I] aflonAflpU)jirj EIVOI (3XEöOV 13E13010.

Ci flpo13A~LpEIc ufloAOyi~oVTaI wç q TP~XOU~O O~IO TWV E~O~WV flOU OVOjJ~VETOI Va OflaITfleOOV ‘(10 TrjV E~OCpA~Oq ~rjcunOxp~worjc, Xp9G1p0n0K)VTOc ~V0 flOaOaTO npiv Tfl (pOpOAOyiO, TO OflOIO OflOôiöEI TP~XOUOE~ a~boAoynoEic ayopâcTfl~ a~iac TOU xPñPaTOc öIaXpOViKâ KOl Touç KIVÔOVOuç flOU O)(ETi~OVTai [JE TrjV UflOXp~WOfl. H aO~rjarj aiijv npO~AELjJrjAoyu ~rjç flap~AEUanc XPOVOU 0Va’jV(Opi~ET0I c~)ç XPE~)OTiKOc TOKOç.

16


~HMEIQZEIZ ~TIZ OIKONOMIKEZ KATAZTAZEIZXp~oq nou ~Ar~E oTiç 31 L~EKEIJI3PioU 2012

3. Aiax~ipiaq XpflpaTooIKoVopIKoü KIVÔÔV0U

flapàyovrEc XPI1IJaT00IK0V0IJIK0O KIV5UVOUH ETaipEia EicriOsTaI OE KIVöUVO EflITOKIOU, fl1OTWTIKÔ KIVÔUVO, K1VÔUVO pEucrróTqTaç, OUvaAAayjJaTiKó KIVöUVO KOlK1VöUVO ôIaxEipIor)ç KExpaAaiOu flOU flPOKO11TOUV anó Ta XPIWOTOOIKOVOIJIKÔ p~aa 110U KOT~XEI. H noAiTiK~ nOuE(pOppÔ~Ei ri ETaipEia 0111 öIaXEipioq TWV KIV&JVWV, CL)OTE va Touç EAEYXEI, E~i1yEiTaI rHO KâTW:

3.1 Kivöuvoc EflITOKiOUo Kivöuvoc EniToKiOu Elval 0 KivöuvOç ÔT1 1) O~iO T(OV XPflIJaTOOIKOVOPIK(i)V IJEO(OV 00 öiOKupOvOEi Aóyw aA?~ay~vEnrrôKia ayopâç. Ta ~aoôa iai ot TO~EiOK~~ po~ç anó EpyacJiEç Tqç ETalpEiaç Elval ouoIci&~ç avEcapTilTa anó aAAay~ç0111 EniTÔKia ayopâç Ka0thc q ETalpEla ÔEV ~)(EI rlEpioualaKà OTOIXEIO flOU (~)Ep0UV TÔKO GE PETOf3AqTà EI]ITÔKIO. H~iEO0uvoq TI]~ ETaIpEiaç flapaKOAoUOEi Tic ôiaKujJâvoEIç OTO Ei]ITOK1O GE OUVEX~ 13a011 Kal EVEpYEI avâAoya.

KOTâ TI)V r~pEpopqvia napouoiacxqç T(OV OIKOVOpIKd)V KOTG0T~GECi)V, fl aVâAuGI) TCOV TOKO(pÔpU)V XPflIJOTOOIKOVOIJIKWV1J~X5(OV GE GX~G9 ~E TO Efl1TÔK1O ?)Tav

2012 2011€ €

XpqpaToo,KovoplKà p~aa icupaivôpEvou EflITOKiOUXpflljaTooiKovoljiká OTOIXEIO EVEpYflTIKOO (4,000,000) (6,000,000)

(4,000,000) (6,000,000)

AváAuo~ EuaiaOnoiacH OO~r~G~ T(~V Efl1TOKkUV KOTá 100 ~3aaiKEç povàöEç oTiç 31 ~EKEIJ13PiOU 2012 Oo EIXE wç afl0T~AEapa TflV a~qaq OTOafloTEA~GpaTa IJETÔ TflV (pOpOAOyia ón~ç napOuoià~ETai nb KàTCO. 0 unoAoyiopöç auTóc npoüno0~TEi 6TI àAAOInapâyoVTEç KOi GUYKEKPIIJ~VO 01 Ti~J~ç GuvaAAâyIJaToc napaij~vouv oro0Epoi. ~E flE~~flTWGfl pEkioflc TWV EflITOKiWVKOTÔ 100 I300IKEc [JOVáöEc Ga flPOKULIJEI r~ iöia aAAâ avriOETIl ErliôpOOfl OTO iöia KE(pàAOIa KOI TO an0TEA~opoTO.

An0TEAEOpaTC

2012 2011€ €

XpqpaTooiKovopikâ [J~GO KIJIJOiVÔIJEVOU EflITOK~OU (34,000) (51,000)

(34,000) (51,000)

3.2 flioTcoTIKóc Kivöuvoço nicrrwTIKóç KivöuvOç npOKiIflTEi OflÔ IJETpL1Tâ KOi OVTIOTOIXO IJETPI1Td)V flOU OflOTEAOOVTOI Oflô KaTaGxJEiç GETpânE~Ec. H ~iEO0uvGr) ~r~ç ETaipEiaç ~XEi flE~i0~iGjJ~V0 flIOTWT1KÔ KIV6UVO ViOT~ I] Tpâr1E~a flOU XPflO1IJOflOiEITO1 E~VOiGuyaTpikO TOU TEAIKOO i0~ivov p~pouç riou EA~yxEi TF]V ETaipEla.

3.3 Kivöuvoç pEuoToTqTaçKivöuvoç pEUOTÔTqTOç EiVOI 0 KivöUvoç flOU flPOKIJflTEI ÔTOV q ~ T(i)V flEpiOUGbaKthV OTO1XEkaV KOI TU)VUnOXPE()GEWV 6EV GUjJflII1TOUV. Mia G~GI) flOU 6EV GUIJflIflTEI EVÔEX0IJ~VCOc EV1G)(UE1 TI)V KEpöocpopia, OAAG ~jnopEiEniGIlc VU OU GEl TOV KiV6UVO ~r~ithV. H ETaipEla ~XEI ôiclöiKoGiEc ~E GKOflÔ TflV EAOXIOTOflOi9G9 T~T0IWV ~q~.iicbv.‘OAEc oi XPflIJOT00IK0V0PIK~~ unoxpEc)GEIc Tflç ETaipEiaç EiVOI nAqpwT~Eç EvTóç 12 pr~vthv anó TflV flIJEpOjJflVIa TOU1GOAOV1GIJ0IJ.

3.4 luvaAAayjiaTiKôç Kivöuvoco GuvaA?~OypaTiKáç KiVöuvOç EIVOI 0 KIV6UvOç 9 O~IO TWV XP9POT0OIKOVOPIK(~)V pEGWV va KUPOIVETOI Aoyia aAAaydvoTIç GUVaAAOypcJTIK~ç IGOTIIJIEc. 0 OuvOAAOyjJaTiKóç Kivôuvoç flpoKOrntl ÔTOV IJEAA0VTIKEc EliflopiKEc GUVOAAOyEç KOITO OVOyVWpIG~J~VO OTOIXEIO EVEpY9TIKOO KOI UnOXPEthGEIc EIVOI GE Vó[J1GIJO öio(pOpETiKâ anó TO vôpioiia AErroupyiaçTqç ETaipEiaç. H ETOIPEiO EKriGETal GE OUVOAAOypOTIKÔ KiVÔUVO flOU flpOKlJflTEi OflÔ KOTÔOEO9 9 O[1OjO OrlOTipâTOi GE~oAâpio HvwiJ~vwv [loAiTEidv. H ~IELJ0UVG9 Tfl~ ETOIpE~Oq napokoAouGEi Tic ÔIOKUIJÔVGEIc OTiç OUVOAAOYIJOTIK~ciOOTiIJiEc GE OUVEX~ I3aGil KOi EVEpyE1 avâAoyo.

17


ZHMEI≤2ZEII ZTIZ OIKONOMIKEZ KATA~TAEIZXp~crq nou EAr~E oTiç 31 AEKEIJ13P~OU 2012

3. Aia~€ipiciq XPflIJaT00IK0v0I.IIicotJ KIV5OVOU (auv~€ia)

3.5 Kiv5uvoç 5iaxdplaqç IcEcpaAaiouH ETaipEla 6EV 6IaXEIpi~ETOl EVEpyâ TO KE(pâAOiO Tqç, KaOdc 6EV ~XEi KOV~VO EEp)TEPIKÔ ÔOVEIJIJÔ. H KE(paAOIOUXIKi~e~aq Tfl~ ETaipEiaç a-i-ic 31 ~EKqJi3piou 2012 EIVOI óflu)ç nOpouaiâ~ETai OTOV ic~oAoyiaiJó.

3.6 EicTipqoq 5iKalcov a~i~v

Ci öhaIEç a~IEç TWV EflEV6OGE(A)V 1(01 UnOXPE()OEWV Tqç EToip~iaç EIVOI flEpiflOU 01 iöiEç, onwc KCII Ta flOCTÔ flOUqJpavi~ovTai a-roy iooAoyiopô.

4. Zqpavriic~ç AoyIo1-iK~ç EIc-ripqaElç Kal aaKqc7q Kpicnlc

Ci A0y1OTIKOI unoAoyioijoi <at ~icripi~a~iç a~ioAoyoOvrai OE auvexñ I3âon 1(01 I3aai~ovTai ari~v icrropii~ EpnEipia KOI OEâAAouç napàyov-rEc, OUpnEpIAapI3aVO~J~VwV flpOO6OKid)V 0)(ETIKâ ~E pEAA0VT1Kà yEyoVôTa flOU fl1OTEOETOI óTl ElyalAoyikâ o~Jppwva jiB Tic nEpioTâoEiç.

H ETaipEla KaVEI unoAoyioiioOc 1(01 napaoox~c OB O)(~Ofl jiE TO p~AAoy. Qç anOTAEopa 01 AoylaTiKoi unoAoytapoionaviwç iaoiivrai jiB TO npaypaTikâ anOTEA~opaTa. Ci unoAoyiajioi KOi Oi napa6ox~c nou ni9ayov va flpOKaA~OOUVouoidö~ ayanpoaappoyñ orr~ AoyiaTix~ a~ia OTOiXEkOV EVEPVI1TIKOO KOl UflOXPEd)OE(UV KOTÔ T~~V EnâjJEVq OiKOVOjiIK~xpñarI napouoiá~ovrai nio KâTc~):

• AnopEicüaq a~iac TCUV EnEvöOoEwv UE OuyaTpiK~ç rraip~~c

H ETaipEla a~ioAoyd riEpioôiKâ -i-n öuvaTôTIlTa aVâKrnclrlc TWV EnEyöiJoEwv (XE 6uyaTpIK~ç/ouv6E6q.J~vEçETOIpEIEç orIOTE unâpxouy öEiicI-Ec anoliBiworic. Ci öEiicrEç ano[JEiwoflç a~iac nEpiAaji~3âvouV flOpâyOVTEc ónwçpEiwafl TWV Eaóówv, TO K~p5fl F~ Tic TOjiiOK~~ po~ç i~ 6UOpEVE~c aAAay~ç OTflV OIKOVOpIK?) r~ TI1V flOAiTiK~GTOOEPÔTflTO piac GUVKEKPIji~Vfl~ Xthpac, flOU pnOpEi va ÔEIXVOUV óTi r~ AoyioTIK~ a~IO TQ)V OTOIXEkOVEVEpyflTiKOI~ IiflOpd VU jiflV ElvOt avaKT~oipn. Av TO VEVOVÔTO KOi 01 oUVeñKEc 6EIXVOUV ÔTi 1) O~iO TWVEflEV6IiOEWV (XE 8UVaTpiK~CJaLJV6E6EIJéYEc ETO1pEIEç IJflOpE1 VU ~XEi anOIJEiwOBI, 01 OVOyVwpiOIpEç pBAAovTiK~cTOPEIOK~~ po~ç nou auvôEovTai jiB Ti~ EV Aóyw OuyaTpIK~CJauv6E6Eji~vEç ETOIPEIEc OUyKp1VOVTU1 jiB Ti~AoyioTiK~ç a~iEç TOU~ yia Va KaeOpiaouV EÔV fl UnOTiIJflOfl OTflV öiKaifl O~ia Touc EIVUI anapa[rri-rn.

5. ~AAAa EcYo5a

2012 2011€ €

‘Eaoöa EIJfliOTEUjiaTanOöO~~~ - 5,473

- 5,473

18


ZHMEI≤2EI~ ~TIZ OIKONOMIKEZ KATAZTAZEJZXp~oq nou ~Ar~E oriç 31 LIEKqJf3piOu 2012

6. E~oöa KaTá Ei5oç

2012 2011€ €

Apoil3i~ EAEyICr(bv 3,026 1,730AoyIaTIKâ ôIKaId)paTa 5,036 2,070~IKqyopIKâ ~oöa - 16,297~IKaId)IJaTa oupl3oi:iAov 863 28,500M~ EflIOT~EflT~O D[1A 14,728 -

ETI~aIa öIKaIdpaTa E(PÔPOU EraIpEid)v 350 -

~I&popa ~oOa 11.917 33,520

35,920 82,117

Ta ôiâqopa ~o5a nou napouaiâ~ovi-ai nio nâvw, nEplAapl3âvouv aiJoi13~c Owouc €878 (2011: €pri5~v) via unqpEoiEcqopoAoyIK~v auiJ13ouA~v flOU )(pEd)8flKOv anó TO VOjJIIJO EAEyKTIKÔ ypa(pEiO Tqç ETaIpEiaç.

7. ‘Eoo5a/~oöa xplwaTo5ôrnonc

2012 2011€ €

flIo1~oTiKoi TÔKOI 218,424 173,335~uvaAAaypaTiKÔ K~pöOç 2 307

Eoo5a xplwaroöôTlwnc 218,426 173,642

Zr~pià anô ~oaoAr~piEc OE E.~vo auvâAAaypa - (481)~Iâ(pOpa E~OöQ xpr~IJaToöóTqoqc - (244)

E~oöa xpr~JaTo6ôTI~aqç - (725)

Kaeapa Eaoöa xpqhiaTo5ôTrloqc 218,426 172.917

8. øopoAoyia

2012 2011€ €

ApuvTiKr~ EIa(popâ - Tp~xouoac xpñaEwc 32,830 18,774

Xp~woq xpiioEcoc 32,830 18,774

o pôpoç Eni TWV KEp&bv Tflç ETaipEiac npiv Tfl popoAoyia &O(p~pEl anó TO GEwpqTiKó flOOó nou Ga flPO~KUflTExpr~oI~onoIc~vraç TO EcpappóoIIJa nocrocrrà popoAoyiac wç E~c:

2012 2011

K~pöoç npiv Tq popo1~oy~a 182,506 96.273

cDópoq unoAoyi~ó~JEvoç IJE TO E(~OP~ÔGI~~ nooooTo popoAoyiaç 18,251 9,627~DOpOAOVIK~ EfliöpOOr) EKnTd)OEWV KOl Eiooör)paToc flOlJ ÔEV UflÔKEIVTOI GEpopoAoyia (21,843) (17,333)

~OpOAOylK~ EfliöpOGfl ~piâç xpna~~)c 3,592 7,706ApuvTiK~ EIcT(pOpa - TP~XOUGO~ xp~o~wc 32,830 18,774

Xp~waq cpopoAoyiac 32,830 18,774

19


ZHMEI≤2ZEI~ ZTU OIKONOMIKEZ KATAZTAZEI~Xp~ori nou ~Ar~ oTiç 31 L~EKE1Jj3piOU 2012

8. OopoAoyia (auv~XEIa)

0 auvTEAEoTI~ç ETaIPIKOIJ (pôpOU yia TI]V ETaipEla Eivai 10%. 0 ouvTEAEaTi~ç au~~8qKE oTo 12,5% anó TI]V 1Iavouapiou 2013.

Anó T9V 1 Iavouapiou 2009, Kam) anó opiop~va npoünoG~oEIç TÔKOI pnopEi va E~aIpoOvTaI anó pópo Eiaoöi~IJaTocKOl va unóKEivTai J6V0 GE &raicrfl EIOpOpa via Tr~V a~JUVO [JE nooocrró 10% TO OflOiO au~q8flKE GE 15% anö TflV 31Auyoâcrrou 2011 KOl GE 30% TOV AnpiAio TOU 2013.

~E OpiG[I~vEc nEplnTd)GEiç [IEpiopaTa anó E~WTEpIKó [IflOpEi va UflÔKEIVTCI GE ~X~~KTfl EIcY(pOpâ ‘(IC TI1V âpuva liEnoaooTo 15% TO OflOiO au~ñeflKE GE 17% OflO TflV 31 AuyoI~oTou 2011 KC1 GE 20% anó T~~V 1 Iavouapiou 2012 p~xpi31 ~EKElJ13piou 2013. ~E opiop~v~ç nEpim-thaEiç ~JEpiGpaToç nOu EiOnpaxTI]Kav anó TqV 1 Iavouapiou 2012 KOl JETâanó âAAEç ETaipEiEc nou ElvOl cpopoAoyikó EYYEVPC[JlJ~~Ec orqv KOnpo, IJnopEi Enioflç va UflÔKE1VTCI GE ~KTCKT~1EIOcpOpâ via TI]V à~Juva.

K~pöq aflà Tfl oIaeEGfl a~IOypa(pWV flOU EjJfliflTOIJV crrov OP1GIJÔ TCi)V TITAWV ‘(Ia (popOAOyiKOuç GKOflOUc(nEpIAap13avop~vwv lJEToxd)v, xpEoypaq~wv, opoAóywv, öiKalcopâm)v En’ aUTd)V, iAn) ~~aipoi~v~ai 0116 KunpiaKóETaipiKô (pôpo.

9. En€v5uo~iç OE OuyaTpIK~ç EralpEiEc

2012 2011€ €

YnóAoino TflV 1 Iavouapiou 2,166,000 1,231,000[1p000ñKEc 2,698,562 935,000

YnôAoino 0-nc 31 AEKqif3piou 4,864,562 2,166,000

AEnTOIJ~pEIEc TO)V 8uyaTpIK~v ETaipEid)V Elval wç aKoAouOwç:

‘Ovoiia Xthpa GuoTàoE(oc KOQIEC 2012 2011O1~aoTnpIoTnTEc ~UIi1JETOXI1 ZUIJPET0Xfl

% %Piraeus Equity Investment Management Ltd KOnpoç ~iaxEipioTi~c 100 100

KEpaAakiwPiraeus Master GP Holding Ltd BpETavIIdç rEvIKoc 100 100

flap9~vEç N~Goi ouvaiTEpocPiraeus CleanEnergy LP

Piraeus Equity Advisors Ltd Kt~npoc ~U[J~3OUAEUTIK~ç 100 100öpaOTqpIóTqTEc

Piraeus F I Holding Ltd BpETaviK~ç EnEVöUTIK~ç 100 100flap8~vEç Ni~Goi öpaoTqpióTryrEc

0.F. Investments Limited Kiinpoc EnEvöuTIK~ç 100 100ôpaaTqpióTr~TEç

PJ Tech Catalyst Management A.E. EAAâöa t~IaXEiPIGfl TO~ PJ 100Tech Catalyst fund

20


~HMEI≤2~EU ZTIZ OIKONOMIKEI KATAZTAZEIZXp~oq nou ~Ar~E oiiç 31 LXEKqJI3piou 2012

10. En~vöuaq a~ auv5E5Ep~vq Eralpda

2012 2011€ €

YnóAoino T~lV 1 IavouapiouflpoaO~KEc 135,000 -

YnóAoino a-nc 31 AEKEp~piou 135,000 -

AEnTop~pEIEç TWV EnEVÔOcJEWV EivaI wç aKoAo~JOcoç:

Ovop~a Xbpa ouorâo~wc KOPIEC ZUIJIJETOX~ö000TnoIàTrlTEc %

Piraeus Jeremie Technology Catalyst Fund EAAâöa EnEv&TIK~ç 43öpaoTIlPIoTrITEc

11. Eianpaicrw nooà

2012 2011€ €

XpEwoTIKâ unóAoina TpExoOIJEvwv Aoyapiaop~v lJETOx(A)v (Z~p.16) 2,000,000 -

AAAa &ionpaicr~a 26,014 6,904

2,026,014 6,904

H ~IKOIfl Q~lO T(i)V âAAcov EIaflpaIcr~x~V flOU ~XOUV A~II EVTÔç EVOç ETOUç EiVQI flEpiflOU ~ iöia ~E TO rioaó noUnapouoIà~ovraI nb nàvco.

12. METPqTà OTflV TpánEia Kal a-nO TapEjo

Ta TpanE~)Kâ unóAoina avaAOovTai wç aKoAoOOc~)ç:

2012 2011€ €

METPI1TÔ OTflV TpâflE~a 222,068 908,103KaTa0~oEIç npo8Eopiac 4,000,000 6,000,000

4,222,068 6,908,103

Ta TpanE~Ká unóAoina KpaTotJvTaI orriv TpânE~a flEIpaI~c (KOnpou) ATö n011 EiVaI XPfl~aTOOIKoVoPIKóc opyaVIO[Jóçp~ nIoTol~rlnTIK~ a~ioAóyqo~ Caa2 anô Touç Moody’s a-nc 31 ~EKqiI3piou 2012.

H ~K8EGq Tfl~ ETaIpEiaç aE r1IOTWTIKÔ KiVÔUVO KGb ~qpi~ç GflOpEiWOflç aVacpopIKa ~E ~ETpflTÔ KOl avTiaToIXa lJETpqTthvyvcooonolEFrab a-rq arlpEici)orl 3 TOW oIKoVopIKc)V KGTGOTÔOEWV.

21


~HMEI≤2~EI~ ~TIZ OIKONOMIKE~ KATAZTA~EIZXp~oq flOU EAI]~E oTiç 31 ~EKEIJ13PIOU 2012

13. METOXIKÔ IcE(paAalo

2012 2012 2011 2011Api0póc ApiOpócIJETOXd)V € IJETOXWV €

EyKEicpIp~voZuv~OEIç PET0XEc TOU €1 fl KGOE[iIâ 12,000 12,000 12,000 12.000

KEcpáhalo flOU EK5ÔOI1KEYnôAoino TflV 1 Iavouapiou 10,000 10,000 10,000 10,000‘EKôooq IJETOXthV 2,000 2,000 - -

Ynôhoino 0-nc 31 AEKEp~p~ou 12,000 12,000 10,000 10,000

EKooeEv KEcpâAaIo~ric 18 &KqJf3piou 2012 r~ ETaIpEia eE,~ôwoE 2,000 ouvñOEIc PETOX~~ ovojJaoTlI(qç a~ioç €1 fl KaOqJio npoc TOVU(plOTâpEVO IJ~TOX0 Tqç, GE Ufl~~ TO ápTlO €999 q KâOEp~a. H EKöooq ov~A8E OUVOAIKÔ am €2.000.000 KOl öEV EIXEononAflpwOEi 0116 TO IJ~TOXO IJ~XPI Tic 31 AEKqJ~3piou 2012. To unóAoino EKöOp~VO ~1ETOxIKo KE(pOAOio KOIano8E~aTIK6 Ufl~~ TO àpTiO flOU O~~~)(ETOI GE €9EK. ~)(Ei nAqpw8Ei ~‘ oAoiAOpou.

14. AAAoi nIoTwTEç

2012 2011€ €

~.AAoi fliOTWT~~ 12,339 520cDópoç flpooTi8~pEvqç Açiaç 3,021 -

OcpEiAô~JEvo ~oôo 5,992 6,738

21,352 7,258

H öiKOifl a~ia TWV àAAwv flIOTU)T(bV flOU ~X0UV Ai~j~r~ EvTóc Evóc ~TOUç E~VOl flEpiflOU fl iöia IJE TO 11006 flOUflOpOUOiâ~OVTOl 1110 navw.

15. Tp~ouoEç popoAoylicEç UnOXPEWOEIc

2012 2011€ €

‘EICrOKTIl EiO(pOpâ ~jiO T9V âpuvo 3,902 1,035

3,902 1,035

16. !uvaAAayEç pE auv5EôqJEva p~pq

H ETaipEia EA~y)(ETOI OflÔ Thy TpánE~o flEIpoIthç A.E., EYYEVPOIJIJ~Vh arriv EAl~àöa 1(01 EIanyp~vrl oTo Xpfl~JaTIoT~pIoA8qvdv, ri onoio KOT~XEI TO 100% TWV jJEroxthV Tqç ETaIpEiaç KOI q onoio EIVO1 KOI TO TthKÔ i8tivwv p~poç nouEA~YXEI TflV ETOIpEIQ.

22


ZHMEI≤2ZEI~ ZTIZ OIKONOMIKEZ KATAZTAZEIZXp~aq nou ~Aq~ oriç 31 LXEKEjJf3p~OU 2012

16. ZuvaAAayEc ~E ouv5EöqJEva p~pq (auv~x~ia)

Ci nio KQTW ouvaAAay~ç ~yivav liE ouv5EöEp~va p~pq:

16.1. XpEwo-rlicá unóAoina TpExoO~.IEvwv Aoyapiac,pwv pErôxwv (Zqp.ll)2012 2011

€ €TpânE~a flElpoldç A.E. 2,000,000 -

2,000,000 -

Ci TpEXOOIJEVOI Aoyapiacxjioi T(OV IJETÔ)(Q)V öEV cp~pouv TÔKO 1(01 6EV EXOUV npoKaOopioIJ~vq rfliEpojiflViaanonAqpwpñc.

16.2 MErpqTá OTI1V TpanE~a ICCI OTO TapEjo2012 2011

€ €TpâriE~a flEipai~ç (KOnpou) AiIJITES 4,222,068 6,908,103

Ci KaTaO~cJEiç unóKElvTai o~ouc auve~OEIç TpaflE~IKOI:Jc ôpouc.

17. KaB~Kovra qinlo-rEupaTo5ô~ou

H ETalpda AEIToupyoOoE wç SIaxEIpIoTI~)ç TOU Tortilus Trust (“Trust”) ônwç EIxE KaOopicrrd liE Tfl OU[J(pWViOqp~po~jqviaç 12 cz~E13pouapiOu 2010. Ynó T1)V iSióTryra Tfl~ wç SIaxEIpIo-1-~ç TOU Trust r~ ETaIpEia K0T~XEI 1.000 ij~~ox~cTfl~ Tortilus Limited, ETaipEiaç EyyEypalip~vqc a-rrlv KOnpo, oi onoiEç avñxouv OTO Trust. H SpOcJTflpiOTflTa auTi~TEppaTiO-rqKE TOV IoOAio Tou 2011.

18. rEyovoTa IJErá Tfl xpñon avcupopáç

!E auv~x~ia TOW SIanpay~JaTEOoEwv Tfl~ Kunpiaxljc &lpokpaTiaq liE TflV EuponaIK~ EniTpon~, TflV EupconaiK~KE.vTpiK~ TpânE~a 1(01 TO ~iEev~c NoiJiopaTiKé TapEo (TpôiKa) via T9V OflÔKTflOfl xpnpaToSóTnanc, oTiç 25 MapTiou2013, oi Ynoupyol OiKovopiK~v ir~ç Eupw~thvqc ~XOUV oUppwV?~oEi ~E TflV KunpIaK~ Ku13~pvnan ~VO GX~Sio SiâawoqcKOl XPflPGTOSOTIKñc ~o~eEiaç nou Oa napaoXEGEi o~qv KOnpo. To na~~~o p~rpwv nEpil~ap~3âvEi Tfl Siâonaor~ TrlqAaIKñc TpânE~aç GE “KaAi~” (KaTa8à-Ec liE nooá w~xpi €100.000) Kai “K0K?~” TpâflE~O (KaTa9~TEç liE flOOâ UVO) TWV€100.000) KOl IJET0TPOnI!) opioii~vwv fl0000T(i)V TWV OVOO(pâAiOTO)V KOT0O~GEO)V (noaâ nâvw anó €100.000) o-rrlvTpânE~a KOnpou GE PEToXIKoOc TiTAouç. EninA~ov, o popoAoyIKóc ouvTEAEo-ri~ç Oa au~qOEi anó 10% GE 12,5%.

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Anó TOTE, q KEVTPIKI!) TpOnE~a Tr~ç KOnpou ~XEI EniI3OAEi pia oEIpO anO nEpIOpIOTIKO P~TP0 yia p~~acpop~ç KExpaAaiwvGE ouvaAAay~ç ~E TpanEcEc oiT~v KI~I~O. AUTO TO IJ~TP0 5EV avop~v~~ai V~ ~xOUV Gr)1JOVTIK~ EfliSpOor) aTIçSpaoTqpioTr)-rEc Tr)ç ETaipEiaç.

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