Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

G.A.P. Vassilopoulos Public Ltd

Annual / Quarterly Financial Statement • Apr 28, 2017

2510_10-k_2017-04-28_9c357607-d9a8-4d94-9b51-429a87a8f4f8.pdf

Annual / Quarterly Financial Statement

Open in Viewer

Opens in native device viewer

Statement of profit and loss account for the year ended 31 December 2016

Group Company
2016
2015		 2016 2015
€ € € €
Turnover 48.090.655 43.069.562 10.369.398 9.973.535
Cost of services (39.785.943) (36.305.770) (9.584.951) (9.318.484)
Gross profit 8.304.712 6.763.792 784.447 655.051
Administrative, selling and marketing expenses (9.290.079) (7.701.732) (2.081.108) (2.058.111)
Other income -
net		 214.929 329.416 1.313.019 1.495.754
Other profit/(loss) (2.400) - - 32.203
(Loss)/profit from operations (772.838) (608.524) 16.358 124.897
Finance income 390.537 383.549 589.633 637.032
Finance cost (880.728) (945.158) (637.487) (720.375)
Net exchange profit / (loss) 46.035 (38.995) 108.359 (11.487)
Finance income / (cost)
–
net		 (444.156) (600.604) 60.505 (94.830)
Share of net profit
in
associated companies		 813.124 612.143 - -
(Loss) / profit before taxation (403.870) (596.985) 76.863 30.067
Taxation (debit)/credit (50.610) (68.453) (10) (3.743)
(Loss)/profit for the year (454.480) (665.438) 76.853 26.324
Attributable to:
Shareholders of the company (594.835) (855.929)
Minority interest 140.355 190.491
(454.480) (665.438)
Loss
per share attributable to the shareholders
of the company (cents):
Basic and fully diluted (1.54) (2.21)

Statement of total income for the year ended 31 December 2015

Group Company
2016 2015 2016 2015
€ € € €
(Loss)/profit for
the year		 (454.480) (665.438) 76.853 26.324
Other total losses
Adjustment in deferred taxation (55.819) (14.667) 16.738 (14.667)
Loss from revaluation of land and buildings (329.209) - (89.809) -
Exchange differences (452.798) (286.596)
Other total losses
for the year after taxation		 (837.826) (301.263) (73.071) (14.667)
Total loss for the year (1.292.306) (966.701) 3.782 11.657
Attributable to:
Shareholders of the company (925.174) (1.287.023)
Minority interest (367.132) 320.322
(1.292.306) (966.701)

Balance sheet as at 31 December 2016

Group Company
2016 2015 2016 2015
€ € € €
ASSETS
Non-current assets
Property, plant and equipment 12.447.023 12.753.656 7.900.393 8.100.140
Intangible assets 1.204.856 1.241.854 386.832 414.569
Investments in subsidiaries - - 1.696.724 1.694.724
Investments in associated companies 1.575.408 1.061.563 1.710 1.710
Financial assets available for sale 493.840 538.999 4.074 4.336
15.721.127 15.596.072 9.989.733 10.215.479
Current assets
Stock 18.242 17.066 17.021 15.846
Trade and other receivables 11.039.736 10.661.649 2.016.590 2.115.325
Loans to related parties 5.516.016 6.939.353 12.579.580 12.305.677
Cash and deposits in bank 9.085.892 7.682.226 1.304.046 1.168.110
25.569.886 25.300.294 15.917.238 15.594.958
Total assets 41.381.013 40.896.366 25.906.970 25.810.437
Equity and Liabilities
Capital and reserves
Share capital 6.587.540 6.587.540 6.587.540 6.587.540
Difference from conversion of capital into Euro 33.332 33.332 33.332 33.332
Other reserves (163.815) 191.281 849.619 947.447
Retained earnings 2.386.476 2.956.554 3.432.403 3.330.793
8.843.533 9.768.707 10.902.894 10.899.112
Minority interest 2.746.628 3.233.330 - -
Total equity 11.590.161 13.002.037 10.902.894 10.899.112
Non-current liabilities
Borrowings 5.290.456 4.213.758 2.422.268 2.812.678
Deferred tax liabilities 843.171 786.480 481.379 498.117
Liabilities of associated company 348.503 378.282 - -
6.482.130 5.378.520 2.903.647 3.310.795
Current liabilities
Trade and other creditors 15.486.159 12.542.338 3.092.663 3.366.226
Current tax liabilities 391.442 340.832 94.916 94.916
Borrowings 7.054.203 9.036.605 4.366.295 6.096.649
Borrowings from related parties 5.579 224.893 4.381.591 1.877.775
Provisions and other liabilities 371.339 404.082 164.964 164.964
23.308.722 22.548.750 12.100.429 11.600.530
Total liabilities 29.790.852 27.894.329 15.004.076 14.911.325
Total equity and liabilities 41.381.013 40.896.366 25.906.970 25.810.437

Statement of changes in equity for the year ended 31 December 2016

Gr
ou
p		 bu
b
le
he
ha
ho
l
de
f t
he
At
i
Co
tr
ta
to
t
s
re
rs
o
m
p
an
y
ha
S
re
ita
l
ca
p		 f
fe
D
i
re
nc
e
fro
m		 he
Ot
r
re
se
rv
es		 d
Re
ine
ta
ing
ea
rn
s		 M
ino
ity
r
int
t
er
es		 l
To
ta
ion
co
nv
er
s
f c
l
ita
o
ap
int
Eu
o
ro
€ € € € € €
lan
Ba
1
Ja
2
0
1
5
at
ce
as
nu
ar
y		 6.
5
8
7.
5
4
0		 3
3.
3
3
2		 6
3
0.
7
0
5		 2.
6
9
9.
1
1
6		 2.
7
2
0.
0
5
8		 1
2.
6
7
0.
7
5
1
l
To
inc
ta
om
e		 - - - (
)
8
5
5.
9
2
9		 1
9
0.
4
9
1		 (
)
6
6
5.
4
3
8
/
(
)
Ot
he
l
inc
los
r t
ot
a
om
e
s
d a
d
bu
i
l
d
ing
La
n
n
s:
fe
d t
ion
d
j
De
at
tm
t
rre
ax
a
us
en		 - - (
)
6
6
1
4.
7		 - - (
)
6
6
1
4.
7
fe
f
de
iat
ion
fte
ion
Tr
r t
at
an
s
r o
p
re
c
a
ax
–		 - - (
)
8.
3
3
0		 8.
3
3
0		 - -
ha
d
f
fe
l
da
f s
bs
d
Ex
i
in
i
ion
i
iar
ies
t
c
ng
e
re
nc
e
co
ns
o
o
u		 - - (
)
4
1
6.
4
2
7		 - 1
2
9.
8
3
1		 (
)
2
8
6.
5
9
6
/p
l o
f o
he
l
(
los
)
f
To
it
ta
t
r t
ot
a
s
ro		 - - (
)
4
3
9.
4
2
4		 8.
3
3
0		 1
2
9.
8
3
1		 (
)
3
0
1.
2
6
3
/p
l
(
los
)
f
fo
To
it
2
0
1
5
ta
s
ro
r		 - - (
)
4
3
9.
4
2
4		 (
)
8
4
7.
5
9
9		 3
2
0.
3
2
2		 (
)
9
6
6.
7
0
1
ion
it
h o
Tr
ct
an
sa
s w
wn
er
s
bu
fo
de
fe
de
d
d
de
d
Co
i
ion
in
iv
i
nt
t
r
r
nc
e
em
e
n
d
bu
fo
ist
i
ion
iou
t
r
r p
rev
s y
ea
rs		 - - - (
)
8
1.
2
3
1		 (
)
8
1.
2
3
1
de
d p
d t
D
iv
i
i
ino
ity
int
t
n
a
o m
r
er
es		 - - - (
)
1
0
8.
6
0
0		 (
)
7.
3
0
0		 (
)
1
1
5.
9
0
0
le
f s
ha
f s
bs
d
Sa
i
iar
ino
ity
int
to
t
o
re
s o
u
y
m
r
er
es		 - - - 1.
2
9
4.
8
6
8		 2
0
0.
5
2
0		 1.
4
9
5.
1
1
8
l t
h o
To
ion
it
ta
t
ra
ns
ac
s w
wn
er
s		 - - - 1.
1
0
5.
0
3
7		 1
9
2.
9
5
0		 1.
2
9
7.
9
8
7
lan
3
be
2
0
Ba
1
De
1
5
at
ce
as
ce
m
r		 6.
8
0
5
7.
5
4		 3
3.
3
3
2		 9
2
8
1
1.
1		 2.
9
6.
5
5
5
4		 3.
2
3
3.
3
3
0		 3.
0
0
2.
0
3
1
7

Statement of changes in equity for the year ended 31 December 2016 (continued)

Gr
ou
p		 i
bu
b
le
he
ha
ho
l
de
f t
he
At
Co
tr
ta
to
t
s
re
rs
o
m
p
an
y
ha
S
re
ita
l
ca
p		 i
f
fe
D
re
nc
e
fro
m		 he
Ot
r
re
se
rv
es		 ine
d
Re
ta
ing
ea
rn
s		 ino
ity
M
r
int
t
er
es		 l
To
ta
ion
co
nv
er
s
f c
ita
l
o
ap
int
Eu
o
ro
€ € € € € €
lan
Ba
1
Ja
2
0
1
6
at
ce
as
nu
ar
y		 6.
5
8
7.
5
4
0		 3
3.
3
3
2		 1
9
1.
2
8
1		 2.
9
5
6.
5
5
4		 3.
2
3
3.
3
3
0		 1
3.
0
0
2.
0
3
7
l
To
inc
ta
om
e		 - - - (
)
5
9
4.
8
3
5		 1
4
0.
3
5
5		 (
)
4
5
4.
4
8
0
he
l
/
(
los
)
Ot
inc
r t
ot
a
om
e
s
d a
d
bu
i
l
d
ing
La
n
n
s:
fro
lua
fte
Lo
ion
ion
t
r t
at
ss
m
re
va
a
ax
–		 - - (
)
3
2
9.
2
0
9		 - - (
)
3
2
9.
2
0
9
fe
d t
ion
d
j
De
at
tm
t
rre
ax
a
us
en		 - - (
)
8
1
9
5
5.		 - - (
)
8
1
9
5
5.
fe
f
de
iat
ion
fte
ion
Tr
r t
at
an
s
r o
p
re
c
a
ax
–		 - - (
)
2
4.
7
5
7		 2
4.
7
5
7		 - -
ha
d
i
f
fe
in
l
i
da
ion
f s
bs
i
d
iar
ies
Ex
t
c
ng
e
re
nc
e
co
ns
o
o
u		 - - 5
4.
6
8
9		 - (
)
5
0
7.
4
8
7		 (
)
4
5
2.
7
9
8
/p
l o
f o
he
l
(
los
)
f
it
To
ta
t
r t
ot
a
s
ro		 - - (
)
3
5
5.
0
9
6		 2
4.
7
5
7		 (
)
5
0
7.
4
8
7		 (
)
8
3
7.
8
2
6
/p
l
(
los
)
f
fo
To
it
2
0
1
6
ta
s
ro
r		 - - (
)
3
5
5.
0
9
6		 (
)
5
7
0.
0
7
8		 (
)
3
6
7.
1
3
2		 (
)
1.
2
9
2.
3
0
6
h o
Tr
ion
it
ct
an
sa
s w
wn
er
s
de
d p
d
fro
bs
d
D
iv
i
i
in
ino
ity
int
i
iar
t
n
a
m
r
er
es
m
su
y		 - - - - (
)
1
1
9.
5
7
0		 (
)
1
1
9.
5
7
0
l t
h o
To
ion
it
ta
t
ra
ns
ac
s w
wn
er
s		 - - - - (
)
1
1
9.
5
7
0		 (
)
1
1
9.
5
7
0
lan
be
Ba
3
1
De
2
0
1
6
at
ce
as
ce
m
r		 6.
5
8
7.
5
4
0		 3
3.
3
3
2		 (
)
1
6
3.
8
1
5		 2.
3
8
6.
4
7
6		 2.
7
4
6.
6
2
8		 1
1.
5
9
0.
1
6
1

Statement of cash flows for the year ended 31 December 2016

Group Company
2016 2015 2016 2015
€ € € €
CASH FLOW FROM OPERATIONS
Profit/(loss) before taxation for the year
Adjustments for:		 (403.870) (596.985) 76.863 30.067
Depreciation of property, plant and equipment 1.013.341 812.585 324.942 312.491
Loss from sale of property, plant and equipment 2.400 - - -
Depreciation of intangible assets 156.640 141.799 82.148 72.970
Impairment / (reversal of depreciation) of
investment in subsidiary - - - (32.203)
Provision for depreciation of doubtful receivables 218.917 96.576 38.328 19.185
Share of profit in associated company (813.124) (612.143) - -
Reversal of provision (32.743) (290.993) - -
Depreciation in the value of share titles 9.534 5.175 262 1.992
Income from dividends - - (896.111) (1.330.100)
Credit interest (301.676) (383.549) (589.633) (637.032)
Debit interest 880.728 945.148 637.487 720.375
730.147 117.613 (325.714) (842.255)
Changes in working capital:
Stock (1.176) (845) (1.176) (846)
Trade and other receivables (921.887) 864.574 60.408 38.406
Trade and other creditors 2.443.711 (137.721) (273.563) 386.017
Cash from / (used in) operations 2.250.795 843.621 (540.045) (418.678)
Tax paid (10) (139) (10) (139)
Net cash from/(for) operations 2.250.785 843.482 (540.055) (418.817)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment		 (1.061.628) (577.192) (215,004) (323.785)
Proceeds from sale of property, plant and
equipment 11.334 11.725 - -
Purchase of intangible assets (121.782) (119.884) - (76.007)
Loans granted to related parties (529.521) (2.046.354) (2.636.221) (1.862.234)
Loans paid by related parties 2.248.145 1.672.153 2.951.563 4.746.145
Interest received 6.389 7.977 388 463
Dividends received - - 896.111 1.330.100
Investments in subsidiaries - - (2.000) (1.261)
Net cash flow (for) / from investing activities 552.937 (1.051.575) 940.426 3.813.421
Balance carried forward 2.803.722 (208.093) 400.371 3.394.604

Statement of cash flows for the year ended 31 December 2016 (continued)

Group Company
2016 2015 2016 2015
€ € € €
Balance brought forward 2.803.722 (208.093) 400.371 3.394.604
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from bank borrowing and finance leases 2.710.600 - 125.000 -
Repayments of bank borrowing and finance leases (1.146.393) (812.833) (531.781) (109.906)
Receivables from minority interest 469.354 381.126 - -
Interest paid (847.708) (867.417) (488.917) (561.065)
Dividends paid by subsidiaries to minority interest (119.570) (7.300) - -
Dividends received from associated company 269.500 367.010 - -
Dividends paid to shareholders of the company by a
subsidiary - (108.600) - -
Loans repaid to related parties (230.234) (211.691) (439.948) (3.318.439)
Loans granted from related parties 5.579 - 2.795.194 194.071
Net cash (for)/from financing activities 1.111.128 (1.259.705) 1.459.548 (3.795.339)
Net (decrease)/increase in cash and cash
equivalents and bank overdrafts 3.914.850 (1.467.799) 1.859.919 (400.735)
Cash and cash equivalents and bank overdrafts at
beginning of year
Exchange difference in cash and cash equivalents		 (492.124) 862.841 (4.560.756) (4.160.021)
and bank overdrafts (74.214) 112.834 - -
Cash and cash equivalents and bank overdrafts at
end of year 3.348.512 (492.124) (2.700.837) (4.560.756)

More from G.A.P. Vassilopoulos Public Ltd

Regulatory Filings 2025
Dec 19
Board/Management Information 2025
Mar 31
Major Shareholding Notification 2025
Jan 8
Management Reports 2024
Nov 28
Interim / Quarterly Report 2024
Nov 20
Annual Report 2024
Nov 15
Major Shareholding Notification 2024
Jan 5
AGM Information 2023
Dec 29
Pre-Annual General Meeting Information 2023
Dec 13
Business and Financial Review 2023
Dec 8
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.