Plaisio Computers S.A.

Annual / Quarterly Financial Statement • Nov 5, 2015

PLAISIO COMPUTERS S.A. S.A. REG. No 16601/06/Β/88/13 G.E.MI.: 121561160000 REGISTERED ADDRESS: LOCATION SKLIRI, MAGOULA ATTICA Summary Group and Company Financial Data and Information from 01 January 2015 to 30 September 2015 (published according to 4/507/28.04.2009 of the Board of Directors of the Hellenic Capital Market Commission) (Amounts in thousand €)
The financial statements listed below aim to provide a general awareness about the financial results of PLAISIO COMPUTERS S.A. Consequently, it is recommended to the reader, before any investment decision or transaction performed with the Company, to visit the website of the company (www.plaisio.gr) where the annual financial statements prepared in accordance with International Accounting Standards are available along with the certified auditor's opinion.
Company's web address: www.plaisio.gr
The following financial statements have been approved by the Board of Directors on the 4th of November 2015 STATEMENT OF FINANCIAL POSITION (consolidated and for the parent
company) figures in th. €			THE GROUP 30.9.2015	31.12.2014			THE COMPANY 30.9.2015	31.12.2014
ASSETS Tangible assets			27.284	28.797			27.243	28.753
Intangible assets Other non current assets			582 6.279	727 5.528			573 9.410	719 8.730
Inventories Trade receivables			30.672 13.192	39.491 19.570			29.893 12.580	38.527 19.197
Other current assets TOTAL ASSETS			48.609 126.618	47.680 141.794			48.040 127.739	46.985 142.912
NET EQUITY & LIABILITIES Share capital			7.286	7.066			7.286	7.066
Additional paid-in capital and reserves Total equity attributable to equity holders (a) Minority rights (b)			74.254 81.540 0	81.395 88.461 0			75.807 83.094 -	82.958 90.024 -
Total equity (c) = (a) + (b) Long term borrowings			81.540 1.461	88.461 5.645			83.094 1.461	90.024 5.645
Provisions and other long term liabilities Short term bank borrowings			4.355 9.184	4.710 4.334			4.355 9.184	4.710 4.334
Other short term liabilities Total liabilities			30.077 45.077	38.644 53.333			29.646 44.646	38.200 52.889
TOTAL NET EQUITY VALUE & LIABILITIES (e) = (a) + (d)			126.618	141.794			127.739	142.912
STATEMENT OF COMPREHENSIVE INCOME (consolidated and for the parent company)			THE GROUP			THE COMPANY
figures in th. € (Continuing Operation)	01.01-30.09.2015	01.01-30.09.2014	01.07-30.09.2015	01.07-30.09.2014	01.01-30.09.2015	01.01-30.09.2014	01.07-30.09.2015	01.07-30.09.2014
Turnover Gross profit/(loss)	190.313 42.287	213.252 52.931	57.020 13.516	69.961 17.984	187.035 41.119	210.090 51.733	55.871 13.167	68.942 17.614
Profit/(loss) before Taxes, Financing and Investing activities Profit/(loss) Before Taxes	6.087 5.660	14.263 13.397	2.411 2.287	5.573 5.356	6.053 5.651	14.081 13.284	2.427 2.366	5.550 5.427
Profit/(loss) After Taxes (Α) Owners of the parent	4.111 4.111	9.728 9.728	1.748 1.748	3.928 3.928	4.102 4.102	9.617 9.617	1.827 1.827	3.998 3.998
Non-Controlling Interests Other Comprehensive Income (B)	0 15	0 0	0 15	0 0	- 15	- 0	- 15	- 0
Total Comprehensive Income (A) + (B) Owners of the parent	4.126 4.126	9.728 9.728	1.763 1.763	3.928 3.928	4.117 4.117	9.617 9.617	1.842 1.842	3.998 3.998
Non-Controlling Interests Earnings Per Share - basic (after taxes) in €	0 0,1862	0 0,4406	0 0,0792	0 0,1779	- 0,1858	- 0,4355	- 0,0828	- 0,1811
Profit/(loss) Before Interest, Taxes, Depreciation and Amortization	7.919	16.115	3.030	6.198	7.870	15.919	3.041	6.170
STATEMENT OF CHANGES IN NET EQUITY (consolidated and for the parent company)			THE GROUP				THE COMPANY
figures in th. € Equity balance at the beginning of the period (01.01.2015 and 01.01.2014			30.9.2015 88.461	30.09.2014 76.779			30.9.2015 90.024	30.09.2014 78.464
respectively) Total Comprehensive Income, After Taxes (Continuing and			4.126	9.728			4.117	9.617
Discontinuing activities) Increase / (decrease) of share capital from Capitalization of Reserves			11.261	0			11.261	0
Reserve to Share Capital Increase Return of Share Capital to shareholders			-11.261 -11.040	0 0			-11.261 -11.040	0 0
Dividend Paid (Purchases) / sales of treasury shares			0 -7	-4.416 0			0 -7	-4.416 0
Equity balance at the end of the period (30.09.2015 and 30.09.2014 respectively)			81.540	82.091			83.094	83.664
CASH FLOW STATEMENT (consolidated and for the parent company)
Cashflow Statement: Indirect Method			THE GROUP				THE COMPANY
figures in th. € Operating Activities Profits before taxes Continuing Operations)			01.01-30.09.2015 5.660	01.01-30.09.2014 13.397			01.01-30.09.2015 5.651	01.01-30.09.2014 13.284
Plus/less adjustments for: Depreciation/amortization			2.056	2.075			2.041	2.062
Amortization of government grants Provisions			-224 -204	-224 424			-224 -204	-224 424
Exchange differences Results (income, expenses, profit and loss) from investing activities			205 -80	-781 -61			205 0	-781 0
Finance Cost Plus/less adjustments for changes in working capital or related to			507	927			402	797
operating activities: Decrease/(increase) in inventories			8.819	-1.084			8.635	-958
Decrease/(increase) in receivables (Decrease)/increase in liabilities (except for banks)			4.279 -9.183	-955 -8.156			4.532 -9.253	-500 -8.268
Less: Interest paid			-645	-1.183			-625	-1.165
Income tax paid Total inflows / (outflows) from operating activities (a)			-3.373 7.817	-4.856 -476			-3.290 7.868	-4.825 -154
Investing Activities Acquisition of subsidiaries, affiliated companies, joint-ventures and
other investments Share Capital (Increase) / decrease of Subsidiaries, Affiliated			0	0			0	0
companies, Joint-Ventures and Other Investment Purchase of tangible and intangible fixed assets			200 -398	0 -901			200 -385	0 -891
Interest Received Dividends Received			140 10	187 10			139 86	186 114
Total inflows / (outflows) from investing activities (b) Financing Activities			-48	-704			40	-591
Payments for return of capital Proceeds from bank loans			-11.040 5.000	0 0			-11.040 5.000	0 0
Acquisition of treasury shares Repayment of bank loans			-7 -4.334	0 -3.634			-7 -4.334	0 -3.634
Dividends Paid Total inflows / (outflows) from financing activities (c)			0 -10.381	-4.416 -8.050			0 -10.381	-4.416 -8.050
Net increase / (decrease) in cash and cash equivalents for the period (a) + (b) + (c)			-2.612	-9.230			-2.472	-8.795
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period			45.115 42.504	52.219 42.989			44.495 42.022	51.302 42.507
Additional data and information:			accounted for in the financial statements of 30.09.2015.				the corporate year 2014. The subsidiary of the Company Plaisio Computers JSC, decided on 20.07.2015 the payment of dividend of 76 th. €. The aforementioned dividends
1. There are neither liens nor forenotices on the Company's and the Group's fixed assets. 2. There are neither cases under dispute, litigation or arbitration nor any court decisions that are likely to have significant impact on the Company's financial statements. The amount of provision formed regarding cases under dispute, litigation or arbitration for the period ending 30th September 2015 stands for € 0 for the group as well as for the			Shareholders Equity of the Group and the Company.				9. The total number of i ts treasury shares that the Company held on 30.09.2015 is 1.300 of aggregate value € 6.652 th. and this amount has been deducted from the 10. Earnings per share have been calculated on the total weighted average number of common shares, excluding the weighted average number of treasury shares.
Company. The unaudited tax years of the Company as well as the company's subsidiary and associates, are presented in detail in Note 22 to the nine-month interi m financial statements. Thus, the cumulative amount of provision formed concerning unaudited tax years for Group and Company, accounted for € 564 th, whilst the total amount of			judgments of the Management".				11. Evaluation of the current financial situaton of Greece and its concequences to the Group's activities are presented in Unit "Important accounting estimates and
provision formed stands for € 1.804 th. for the Group and € 1.804 th. for the Company as presented in Note 17 of the interi m financial statements ( Other Provisions: € 1.240 th. for the Company & € 1.240 th. for the Group. Provisions for unaudited tax years: € 564 th. for the Company & € 564 for the Group). 3.The accounting principles adopted in the preparation and the presentation of the interi m financial statements of 01/01/2015 - 30/09/2015 are consistent with the same			increased from 80% to 100%, effective from January 1, 2015. The net effect of the tax rate change in the income tax is presented in Note 20.				12. Based on Law 4334/2015 published on July 16, 2015, the income tax rate of legal entities in Greece increased from 26% to 29% and the income tax prepayment 13. The Extraordinary General Assembly of the Company's Shareholders , on 16.12.2014 decided the capitalisation of the tax-free reserves that have been formed based on the c.l. 2238/1994, according to article 72 of c.l. 4172/2013, of amount € 144 th. and part of the account "Reserves from issuance of shares above par", of amount €
accounting principles adopted for the financial statements of the Company and the Group for the year ended 31st December 2014. 4. Group companies along with their respective name, country of incorporation, the percentages of interest held by the parent company as well as their accounting method of							77 th., which cmpleted in the examined period. The annual Ordinary General Assembly that took place on 02.04.2015 decided the increase and simultaneous decrease of the share capital of the Company by the amount of € 11.040 th. with capitalisation of part of the account "Special Reserves from issuance of shares above par"and with simultaneous increase and decrease of the nominal value of each share of the Company by € 0,50 and payment of the amount to the Shareholders, which has been
incorporation in the consolidated financial statements of 01.01.2015-30.09.2015, are presented in Note 6 to the Financial Statements. 5. The number of employees for the period ending 30th September 2015 stands for: Group: 1.205 employees (30.09.2014: 1.264). Company: 1.141 employees (30.09.2014: 1.198).			Euro final nominal value each.				completed by the end of the examined period. Following the aforementioned increase and decrease of the share capital of the Company with the respective increase and decrease of the nominal value of each share, the fully paid-up share capital of the Company amounts to € 7.286 th., divided into 22.080.000 common shares, of 0,33
6. The equivalent of the % Participation in the company Plaisio Computers JSC is 100% and as a result in the consolidated figures of the income statement, there are no minority interests.			Comprehensive Income ,as stated in Note 16 of the interi m condensed financial statements.				14. The other comprehensive income after taxes refers to the recognition of the actuari al gain/losses that ari se from the recognition of the liability , that appears direct to the Statement of Total Comprehensive Income. The income for the period 01/01/2015-30/09/2015 came up to 15 th. Euro, that appears to the Statement of Total
7. There are no companies which have not been included in the Nine-month Financial Statements, whereas they had been accounted for in the preceding period. In addition, all companies that shoul d be accounted for, have been included in the consolidated financial statements, and no changes have taken place regarding consolidation process in							15. Intercompany transactions (income & expense), resulting from sales and buyi ng of products and services for the period ended on 30th September 2015 and intercompany balances as of 30th September 2015 according to IAS 24 , with a distinct mention of compensation of Managers and BoD members , of their transactions,
current year in compari son with the preceeding year. 8. "Plaisio Estate S.A.", that the Company participates to by 20%, decided during its Annual Shareholders Meeting, that took place on 26.06.2015, the decrease of its share capital by the amount of € 500 th., by decreasing the nominal value of each share of PLAISIO ESTATE from 5,05 € to 2,35 € by returning the amount to its shareholders. The			receivables and liabilities are as follows:
aforementioned decrease completed after the announcement of the Regulatoty Authority for the registgration of the relevant amendement of article 5 of the Company's Article of Association to G.E.MI. As a consequence of the aforementioned decrease, an amount of € 100 th. returned to the Company and its participation to the share capital of PLAISIO			(amounts in thousand €)			The Group	The Company
ESTATE equally decreased. It is noted the company "PLAISIO ESTATE SA", in which the Company participates by 20%, decided during its Annual Ordinary General Assembly that took place on June 27th 2014, the decrease of its share capital by five hundred thousand and forty euro Euro, by decreasing the nominal value of each share of PLAISIO ESTATE from 7,75 Euro to 5,05			Income Expenses			118 896	2.805 1.000
Euro by returning the aforementioned amount to its shareholders. As a consequence of the aforementioned decrease an amount of 100 th. € Euro returned to the company and its participation to the share capital of PLAISIO ESTATE equally			Receivables from related parties Payables to related parties			89 18	232 18
decreased. The above mentioned decrease took place after the approval of the alteration of article 5 of the Memorandum of Plaisio Estate S.A. from the Regulating Authority, on 02.04.2015. Plaisio Estate JSC took the decision on 01.07.2015 to distribute to the Company 10 th. € as dividend for			Compensation & Transactions of key managers and members of the Board of Directors Receivables from key managers and members of the Board og Directors			443 1	443 1
		Magoula Attica, 04.11.2015
THE PRESIDENT OF THE B.O.D. & CEO		THE VICE PRESIDENT OF THE B.O.D. & CEO					A' CLASS LISENCE HOLDER
GEORGE K. GERARDOS ΑΙ 597688		KONSTANTINOS G. GERARDOS ΑM 082744					AIKATERINI D. VASILAKI ΑΒ 501431