Annual Report • Oct 1, 2015
Annual Report
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| Full company name: | GR. SARANTIS S.A. | COMPANY | COUNTRY | DIRECT PARTICIPATION PERCENTAGE |
INDIRECT PARTICIPATION PERCENTAGE |
TOTAL | UNAUDITED TAX YEARS |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Address base: | Amarousiou - Halandriou 26 Str., 151 25, Marousi | FULL CONSOLIDATION METHOD | ||||||||
| Date of incorporation: | 1964 | VENTURES A.E. | GREECE | 88,66% | 0,00% | 88,66% 2005-2007 | ||||
| Duration of the company: | 31 Dec. 2040 | GR SARANTIS CYPRUS LIMITED | CYPRUS | 100,00% | 0,00% | 100,00% | - | |||
| Main activity: | ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, HOUSEHOLD & | BRIARDALE SERVICES S.A | ISLE OF MAN | 0,00% | 100,00% | 100,00% | - | |||
| Registration no: | 13083/06/Β/86/27 | SARANTIS BULGARIA L.T.D | BULGARIA | 0,00% | 100,00% | 100,00% 1999-2007 | ||||
| Supervising authority: | ||||||||||
| MINISTRY OF DEVELOPMENT, DEPT. OF ANONYMOUS COMPANIES & CREDIT | SARANTIS ROMANIA S.A | ROMANIA | 0,00% | 100,00% | 100,00% 2006-2007 | |||||
| ELMIPLANT | ROMANIA | 0,00% | 100,00% | 100,00% | 2007 | |||||
| V.A.T. no: | 094017922 / DOY FAVE ATHINON | SARANTIS DISTRIBUTION S.C | ROMANIA | 0,00% | 100,00% | 100,00% 2006-2007 | ||||
| SARANTIS L.T.D BELGRADE | SERBIA | 0,00% | 100,00% | 100,00% | - | |||||
| Grigoris Sarantis son of Pantazis: President - Executive member, | SARANTIS SKOPJE L.T.D | SKOPJE | 0,00% | 100,00% | 100,00% | - | ||||
| Kiriakos Sarantis son of Pantazis: Vice President - Managing Director - Executive member, | SARANTIS POLSKA S.A | POLAND | 0,00% | 100,00% | 100,00% 2006-2007 | |||||
| Konstantinos Rozakeas son of Petros: Executive member, | ΝΕΤ WEST POLAND S.A | POLAND | 0,00% | 100,00% | 100,00% 2005-2007 | |||||
| Nikolaos Evangelou son of Pantelis: Executive member, | ||||||||||
| Pantazis Sarantis son of Grigoris: Non executive member, | SARANTIS CZECH REPUBLIC sro | CZECH REPUBLIC | 0,00% | 100,00% | 100,00% 2005-2007 | |||||
| Members of the board of Directors: | Aikaterini Saranti daughter of Pantazis: Non executive member, | VENUS S.A | LUXEMBOURG | 0,00% | 100,00% | 100,00% | - | |||
| Konstantinos Stamatiou son of Fokionos: Executive member, | ΖΕΤΑ ΑΕ | GREECE | 0,00% | 100,00% | 100,00% 2005-2007 | |||||
| Fotios Mpompolas son of Georgios: Independent and non Executive member, | ΖΕΤΑ FIN LTD | CYPRUS | 0,00% | 100,00% | 100,00% 2002-2007 | |||||
| Nikolaos Kontidis son of Konstantinos: Independent and non Executive member, | WALDECK LIMITED | CYPRUS | 0,00% | 100,00% | 100,00% 2006-2007 | |||||
| SAREAST | CYPRUS | 0,00% | 65,00% | 65,00% 2006-2007 | ||||||
| SARANTIS RUSSIA | RUSSIA | 0,00% | 65,00% | 65,00% 2006-2007 | ||||||
| ΖΕΤΑ COSMETICS LTD | CYPRUS | 0,00% | 100,00% | 100,00% 2002-2007 | ||||||
| Current year end: | 31 Dec. 2007 | SARANTIS ANADOL S.A. | TURKEY | 84,98% | 0,00% | 84,98% 2005-2007 | ||||
| Current period duration: | 12 MONTHS | SARANTIS HUNGARY KFT | HUNGARY | 0,00% | 100,00% | 100,00% 2006-2007 | ||||
| Type of Financial Statements | ANNUAL 2007 | SARANTIS UKRAINE S.A. | UKRAINE | 100,00% | 0,00% | 100,00% 2006-2007 | ||||
| (from which these data have been extracted): Approval date of Financial Statements |
||||||||||
| (from which these data have been extracted): | 20/2/2008 | PROPORTIONAL CONSOLIDATION METHOD | ||||||||
| Auditors: | IOANNIS V. KALOGEROPOULOS - Α.Μ.S.Ο.ΕΛ. 10741 | K. THEODORIDIS A.E. | GREECE | 50,00% | 0,00% | 50,00% 2006-2007 | ||||
| Auditors Company: | BAKER TILLY HELLAS A.E. | ΟΤΟ ΤOP EOOD | BULGARIA | 0,00% | 25,50% | 25,50% 1999-2007 | ||||
| Auditors' opinion: | UNQUALIFIED | |||||||||
| Internet address: | www.sarantis.gr | EQUITY METHOD | ||||||||
| ΕLCA COSMETICS LTD | CYPRUS | 0,00% | 49,00% | 49,00% 2001-2007 | ||||||
| ESTEE LAUDER HELLAS SA | GREECE | 0,00% | 49,00% | 49,00% 2001-2007 | ||||||
| ΕSTEE LAUDER BULGARIA | BULGARIA | 0,00% | 49,00% | 49,00% 2001-2007 | ||||||
ΙΜ COSMETICS SA ROMANIA 0,00% 49,00% 49,00% 2001-2007
(Amounts are expressed in Euro)
OTO TOP WITH PROPORTIONAL CONSOLIDATION
METHOD (Amounts are expressed in Euro)
01/01-31/12/2007 01/01-31/12/2006 01/01-31/12/2006 01/01-31/12/2007 01/01-31/12/2006
| ASSETS | 01/01-31/12/2007 01/01-31/12/2006 01/10-31/12/2007 01/10-31/12/2006 01/01-31/12/2006 01/10-31/12/2006 01/01-31/12/2007 01/01-31/12/2006 01/10-31/12/2007 01/10-31/12/2006 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed assets | 47.641.228,39 | 42.610.678,03 | 42.398.549,81 | 37.286.234,08 | 36.974.833,28 | Total Turnover | 241.587.885,72 223.184.602,72 67.624.928,15 63.782.003,28 215.344.441,99 61.614.812,06 119.168.174,61 115.290.533,06 30.328.833,77 29.274.872,61 | |||||||||
| Inventories | 39.316.599,01 | 42.907.749,67 | 40.335.213,46 | 20.997.323,74 | 20.234.898,12 | Gross profit / (loss) | 121.556.077,99 110.307.246,22 34.176.320,15 31.640.894,29 107.151.836,28 30.790.993,32 56.963.901,28 55.351.951,05 13.698.554,85 12.943.712,87 | |||||||||
| Trade receivables | 73.688.460,01 | 77.177.358,61 | 74.045.276,54 | 42.216.518,00 | 43.950.732,03 | Gross profit / (loss) before tax, financial and investment results and depreciation | 37.460.426,87 | 33.439.820,28 12.992.611,43 10.554.345,29 32.836.566,00 10.469.810,19 16.960.335,25 14.205.480,59 | 5.849.891,64 | 2.980.643,12 | ||||||
| Other assets | 84.361.848,31 | 69.892.852,70 | 68.964.753,08 100.384.201,62 | 86.558.842,26 | Gross profit / (loss) before tax, financial and investment results | 33.941.279,81 | 29.811.868,59 12.209.400,78 | 9.642.850,10 29.286.236,09 | 9.605.365,08 14.877.425,95 11.997.534,57 | 5.410.329,58 | 2.539.534,58 | |||||
| Result from sale of affiliated company | 8.502.902,61 | 0,00 | 8.502.902,61 | 0,00 | 0,00 | 0,00 | 8.502.902,61 | 0,00 | 8.502.902,61 | 0,00 | ||||||
| TOTAL ASSETS | 245.008.135,72 232.588.639,01 225.743.792,89 200.884.277,44 187.719.305,69 | Finance cost | -2.379.953,20 | -160.577,26 -1.273.044,83 | -525.606,10 | 3.635,43 | -450.778,09 -1.220.166,71 | 350.086,16 -1.238.963,06 | -490.477,81 | |||||||
| Gross profit / (loss) before tax | 40.064.229,22 | 29.651.291,33 19.439.258,56 | 9.117.244,00 29.289.871,52 | 9.154.586,99 22.160.161,85 12.347.620,73 12.674.269,13 | 2.049.056,77 | |||||||||||
| LIABILITIES & SHAREHOLDERS' FUNDS | Tax income | 6.787.317,39 | 6.955.577,92 | 1.313.271,22 | 2.076.433,55 | 6.873.305,61 | 2.075.618,89 | 1.908.500,45 | 2.312.755,47 | 43.264,30 | 250.786,61 | |||||
| Long term liabilities | 87.911.677,95 | 97.479.332,61 | 96.004.372,90 | 85.683.142,28 | 94.030.498,02 | Income tax from sale of affiliated company | 2.125.725,65 | 0,00 | 2.125.725,65 | 0,00 | 0,00 | 0,00 | 2.125.725,65 | 0,00 | 2.125.725,65 | 0,00 |
| Short term liabilities to banks | 2.401.450,00 | 3.500.000,00 | 1.750.000,00 | 0,00 | 0,00 | Deferred tax | 277.329,96 | 408.505,92 | 168.128,63 | 251.850,87 | 407.996,91 | 260.106,93 | 277.166,01 | 382.505,53 | 167.991,30 | 252.866,14 |
| Other short term liabilities | 53.267.162,03 | 51.205.346,63 | 49.681.986,71 | 51.389.698,88 | 40.619.428,63 | Profit / (loss) after tax | 30.873.856,22 | 22.287.207,49 15.832.133,06 | 6.788.959,58 22.008.569,00 | 6.818.861,17 17.848.769,74 | 9.652.359,73 10.337.287,88 | 1.545.404,02 | ||||
| Allocated to : | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | ||||||
| TOTAL LIABILITIES | 143.580.289,98 152.184.679,24 147.436.359,61 137.072.841,16 134.649.926,65 | Company's shareholders | 31.920.877,27 | 22.671.029,44 15.819.438,84 | 7.255.377,29 22.671.029,44 | 7.255.377,29 17.848.769,74 | 9.652.359,73 10.337.287,88 | 1.545.404,02 | ||||||||
| Interest's shareholders | -1.047.021,05 | -383.821,95 | 12.694,22 | -466.417,71 | -662.460,44 | -436.516,12 - | - | - | - | |||||||
| Shareholders' equity | 59.060.447,60 | 57.220.410,00 | 57.220.410,00 | 59.060.447,60 | 57.220.410,00 | After tax earnings per share (in Euro) | 0,83 | 0,59 | 0,41 | 0,19 | 0,59 | 0,19 | 0,47 | 0,25 | 0,27 | 0,04 |
| Inventories | 39.316.599,01 | 42.907.749,67 | 40.335.213,46 | 20.997.323,74 | 20.234.898,12 | Gross profit / (loss) | 121.556.077,99 110.307.246,22 34.176.320,15 31.640.894,29 107.151.836,28 30.790.993,32 56.963.901,28 55.351.951,05 13.698.554,85 12.943.712,87 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade receivables | 73.688.460,01 | 77.177.358,61 | 74.045.276,54 | 42.216.518,00 | 43.950.732,03 | Gross profit / (loss) before tax, financial and investment results and depreciation | 37.460.426,87 | 33.439.820,28 12.992.611,43 10.554.345,29 32.836.566,00 10.469.810,19 16.960.335,25 14.205.480,59 | 5.849.891,64 | 2.980.643,12 | ||||||
| Other assets | 84.361.848,31 | 69.892.852,70 | 68.964.753,08 100.384.201,62 | 86.558.842,26 | Gross profit / (loss) before tax, financial and investment results | 33.941.279,81 | 29.811.868,59 12.209.400,78 | 9.642.850,10 29.286.236,09 | 9.605.365,08 14.877.425,95 11.997.534,57 | 5.410.329,58 | 2.539.534,58 | |||||
| Result from sale of affiliated company | 8.502.902,61 | 0,00 | 8.502.902,61 | 0,00 | 0,00 | 0,00 | 8.502.902,61 | 0,00 | 8.502.902,61 | 0,00 | ||||||
| TOTAL ASSETS | 245.008.135,72 232.588.639,01 225.743.792,89 200.884.277,44 187.719.305,69 | Finance cost | -2.379.953,20 | -160.577,26 -1.273.044,83 | -525.606,10 | 3.635,43 | -450.778,09 -1.220.166,71 | 350.086,16 -1.238.963,06 | -490.477,81 | |||||||
| Gross profit / (loss) before tax | 40.064.229,22 | 29.651.291,33 19.439.258,56 | 9.117.244,00 29.289.871,52 | 9.154.586,99 22.160.161,85 12.347.620,73 12.674.269,13 | 2.049.056,77 | |||||||||||
| LIABILITIES & SHAREHOLDERS' FUNDS | Tax income | 6.787.317,39 | 6.955.577,92 | 1.313.271,22 | 2.076.433,55 | 6.873.305,61 | 2.075.618,89 | 1.908.500,45 | 2.312.755,47 | 43.264,30 | 250.786,61 | |||||
| Long term liabilities | 87.911.677,95 | 97.479.332,61 | 96.004.372,90 | 85.683.142,28 | 94.030.498,02 | Income tax from sale of affiliated company | 2.125.725,65 | 0,00 | 2.125.725,65 | 0,00 | 0,00 | 0,00 | 2.125.725,65 | 0,00 | 2.125.725,65 | 0,00 |
| Short term liabilities to banks | 2.401.450,00 | 3.500.000,00 | 1.750.000,00 | 0,00 | 0,00 | Deferred tax | 277.329,96 | 408.505,92 | 168.128,63 | 251.850,87 | 407.996,91 | 260.106,93 | 277.166,01 | 382.505,53 | 167.991,30 | 252.866,14 |
| Other short term liabilities | 53.267.162,03 | 51.205.346,63 | 49.681.986,71 | 51.389.698,88 | 40.619.428,63 | Profit / (loss) after tax | 30.873.856,22 | 22.287.207,49 15.832.133,06 | 6.788.959,58 22.008.569,00 | 6.818.861,17 17.848.769,74 | 9.652.359,73 10.337.287,88 | 1.545.404,02 | ||||
| Allocated to : | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | ||||||
| TOTAL LIABILITIES | 143.580.289,98 152.184.679,24 147.436.359,61 137.072.841,16 134.649.926,65 | Company's shareholders | 31.920.877,27 | 22.671.029,44 15.819.438,84 | 7.255.377,29 22.671.029,44 | 7.255.377,29 17.848.769,74 | 9.652.359,73 10.337.287,88 | 1.545.404,02 | ||||||||
| Interest's shareholders | -1.047.021,05 | -383.821,95 | 12.694,22 | -466.417,71 | -662.460,44 | -436.516,12 - | - | - | - | |||||||
| Shareholders' equity | 59.060.447,60 | 57.220.410,00 | 57.220.410,00 | 59.060.447,60 | 57.220.410,00 | After tax earnings per share (in Euro) | 0,83 | 0,59 | 0,41 | 0,19 | 0,59 | 0,19 | 0,47 | 0,25 | 0,27 | 0,04 |
Other data of shareholders net equity 42.507.833,75 20.198.537,09 20.198.537,09 4.750.988,68 -4.151.030,96 TOTAL EQUITY OF SHAREHOLDERS 101.568.281,35 77.418.947,09 77.418.947,09 63.811.436,28 53.069.379,04 Minority interests -140.435,61 2.985.012,68 888.486,19 0,00 0,00
| UNAUDITED TAX | |||||||
|---|---|---|---|---|---|---|---|
| Full company name: | GR. SARANTIS S.A. | COMPANY | COUNTRY | PARTICIPATION | PARTICIPATION | TOTAL | YEARS |
| Address base: Date of incorporation: Duration of the company: Main activity: Registration no: |
Amarousiou - Halandriou 26 Str., 151 25, Marousi 1964 31 Dec. 2040 ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, HOUSEHOLD & 13083/06/Β/86/27 |
FULL CONSOLIDATION METHOD VENTURES A.E. GR SARANTIS CYPRUS LIMITED BRIARDALE SERVICES S.A SARANTIS BULGARIA L.T.D |
GREECE CYPRUS ISLE OF MAN BULGARIA |
PERCENTAGE 88,66% 100,00% 0,00% 0,00% |
PERCENTAGE 0,00% 0,00% 100,00% 100,00% |
100,00% 100,00% |
88,66% 2005-2007 - - 100,00% 1999-2007 |
| Supervising authority: | |||||||
| MINISTRY OF DEVELOPMENT, DEPT. OF ANONYMOUS COMPANIES & CREDIT | SARANTIS ROMANIA S.A | ROMANIA | 0,00% | 100,00% | 100,00% 2006-2007 | ||
| ELMIPLANT | ROMANIA | 0,00% | 100,00% | 100,00% | 2007 | ||
| V.A.T. no: | 094017922 / DOY FAVE ATHINON | SARANTIS DISTRIBUTION S.C | ROMANIA | 0,00% | 100,00% | 100,00% 2006-2007 | |
| Grigoris Sarantis son of Pantazis: President - Executive member, | SARANTIS L.T.D BELGRADE SARANTIS SKOPJE L.T.D |
SERBIA SKOPJE |
0,00% 0,00% |
100,00% 100,00% |
100,00% 100,00% |
- - |
|
| Kiriakos Sarantis son of Pantazis: Vice President - Managing Director - Executive member, | SARANTIS POLSKA S.A | POLAND | 0,00% | 100,00% | 100,00% 2006-2007 | ||
| Konstantinos Rozakeas son of Petros: Executive member, | ΝΕΤ WEST POLAND S.A | POLAND | 0,00% | 100,00% | 100,00% 2005-2007 | ||
| Nikolaos Evangelou son of Pantelis: Executive member, | |||||||
| Pantazis Sarantis son of Grigoris: Non executive member, | SARANTIS CZECH REPUBLIC sro | CZECH REPUBLIC | 0,00% | 100,00% | 100,00% 2005-2007 | ||
| Members of the board of Directors: | Aikaterini Saranti daughter of Pantazis: Non executive member, | VENUS S.A | LUXEMBOURG | 0,00% | 100,00% | 100,00% | - |
| Konstantinos Stamatiou son of Fokionos: Executive member, | ΖΕΤΑ ΑΕ | GREECE | 0,00% | 100,00% | 100,00% 2005-2007 | ||
| Fotios Mpompolas son of Georgios: Independent and non Executive member, | ΖΕΤΑ FIN LTD | CYPRUS | 0,00% | 100,00% | 100,00% 2002-2007 | ||
| Nikolaos Kontidis son of Konstantinos: Independent and non Executive member, | WALDECK LIMITED | CYPRUS | 0,00% | 100,00% | 100,00% 2006-2007 | ||
| SAREAST | CYPRUS | 0,00% | 65,00% | 65,00% 2006-2007 | |||
| SARANTIS RUSSIA | RUSSIA | 0,00% | 65,00% | 65,00% 2006-2007 | |||
| ΖΕΤΑ COSMETICS LTD | CYPRUS | 0,00% | 100,00% | 100,00% 2002-2007 | |||
| Current year end: | 31 Dec. 2007 | SARANTIS ANADOL S.A. | TURKEY | 84,98% | 0,00% | 84,98% 2005-2007 | |
| Current period duration: | 12 MONTHS | SARANTIS HUNGARY KFT | HUNGARY | 0,00% | 100,00% | 100,00% 2006-2007 | |
| Type of Financial Statements | ANNUAL 2007 | SARANTIS UKRAINE S.A. | UKRAINE | 100,00% | 0,00% | 100,00% 2006-2007 |
| THE GROUP | THE COMPANY | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL EQUITY TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
101.427.845,74 | 80.403.959,77 | 78.307.433,28 | 63.811.436,28 245.008.135,72 232.588.639,01 225.743.792,89 200.884.277,44 187.719.305,69 |
53.069.379,04 | (Amounts are expressed in Euro) | 01.01-31.12-2007 01.01-31.12-2006 01.01-31.12-2007 01.01-31.12-2006 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
| Profits before taxes | 40.064.229,22 | 29.651.291,33 | 22.160.161,85 | 12.347.620,73 | ||||||
| DATA FROM THE STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD | Plus / minus adjustments for : | 0,00 | 0,00 | 0,00 | 0,00 | |||||
| (Amounts are expressed in Euro) | THE GROUP | THE COMPANY | Result from sale of affiliated company | -8.502.902,61 | 0,00 -8.502.902,61 | 0,00 | ||||
| 01/01-31/12/2007 01/01-31/12/2006 01/01-31/12/2007 01/01-31/12/2006 | Depreciation of fixed assets | 3.519.147,06 | 3.627.951,69 | 2.082.909,30 | 2.207.946,02 | |||||
| Provisions | 0,00 | 0,00 | 0,00 | 0,00 | ||||||
| Total equity, beginning of the period (01/01/2007 and 01/01/2006 | 80.403.959,77 | 62.778.049,04 | 53.069.379,04 | 49.140.870,23 | ||||||
| respectively) | Foreign exchange differences | -457.836,00 | -573.795,65 | -577.700,11 | -621.658,22 | |||||
| Profit / (loss) after tax for the period | 30.873.856,22 | 22.287.207,49 | 17.848.769,74 | 9.652.359,73 | Income from investment activities | -11.579.290,99 | -13.745.407,99 | -3.375.215,61 | -3.785.036,51 | |
| 111.277.815,99 | 85.065.256,53 | 70.918.148,78 | 58.793.229,96 | Interest and other related expenses | 5.550.845,00 | 4.379.156,29 | 4.923.446,15 | 4.073.578,80 | ||
| Ιncrease / (decrease) of share capital Dividends paid |
816.000,00 -4.959.102,20 |
1.671.637,70 -4.959.102,20 |
816.000,00 -4.959.102,20 |
0,00 -4.959.102,20 |
Credit interests Long term earnings |
|||||
| Purchase of own shares | 0,00 | 0,00 | 0,00 | 0,00 | ||||||
| Plus/minus adjustments for changes in working capital accounts or accounts related to | ||||||||||
| Net income transferred directly to equity | -3.610.341,56 | -1.373.832,26 | -2.963.610,30 | -764.748,72 | operating activities: | |||||
| Consolidation's method influence due to change | -2.096.526,49 | 0,00 | 0,00 | 0,00 | Decrease / (increase) in inventories | 1.018.614,45 | -2.871.057,89 | -762.425,62 | -2.393.548,07 | |
| Net equity, end of the period 31/12/2007 and 31/12/2006 espectively) | 101.427.845,74 | 80.403.959,77 | 63.811.436,28 | 53.069.379,04 | Decrease / (increase) in receivables | 4.751.034,22 | -8.653.566,22 | 1.638.211,65 | 6.283.563,26 | |
| (Decrease) / increase in liabilities (other than to banks) | 417.240,29 | 5.205.320,32 | 8.382.330,29 | 2.303.106,21 | ||||||
| Less : | 0,00 | 0,00 | 0,00 | 0,00 | ||||||
| Interest and other related expenses, paid | -4.868.129,91 | -4.152.961,82 | -4.240.731,06 | -3.847.384,33 | ||||||
| ADDITIONAL INFORMATION | Tax Paid | -4.528.214,33 | -2.933.918,03 | -2.158.218,33 | -1.752.484,25 | |||||
| 0,00 | 0,00 | 0,00 | 0,00 | |||||||
| 1. Unaudited tax years for the company GR. SARANTIS A.B.E.E. are 2006 and 2007. | Total inflows / (outflows) from operating activities (a) | 25.384.736,40 | 9.933.012,03 | 19.569.865,90 | 14.815.703,64 | |||||
| The unaudited tax years for the group are mentioned in the Notes | ||||||||||
| CASH FLOWS FROM INVESTMENT ACTIVITIES | ||||||||||
| 2. No fixed charges have been registered on the property of the company. | Receipts of securities sales | |||||||||
| 3. The intracompany transactions and the intracompany balances of GR. SARANTIS A.B.E.E. during the 12Μ 2007 are: | Acquisition/Disposal of subsidiaries, associates, joint ventures and other investments Acquisition of tangible and intangible assets |
18.108.282,51 -4.919.131,30 |
2.030.916,66 -2.110.801,91 |
19.944.145,55 -3.401.317,94 |
-6.387.710,40 -1.261.249,62 |
|||||
| Revenues from sale of tangible and intangible assets | 1.367.960,54 | 140.763,10 | 1.014.089,00 | 11.966,49 | ||||||
| Interest received | 679.066,00 | 308.640,31 | 68.301,60 | 26.776,38 | ||||||
| DISCLOSERS AND RELATED PARTIES TABLE | Dividends received | 1.545.684,28 | 4.294.033,04 | 1.558.980,24 | 1.896.033,04 | |||||
| THE GROUP | THE COMPANY | 0,00 | 0,00 | 0,00 | 0,00 | |||||
| a) Sales of goods and services | 22.843.586 | 18.927.096 | Net inflows / (outflows) from investment activities (b) | 16.781.862,03 | 4.663.551,20 | 19.184.198,45 | -5.714.184,11 | |||
| b) Purchases of goods and services | 22.843.586 | 840.732 | ||||||||
| c) Receivables | 31.334.485 | 8.741.217 | CASH FLOWS FROM FINANCIAL ACTIVITIES | |||||||
| d) Payables | 31.334.485 | 19.453.792 | ||||||||
| e) Board members and key management personnel remuneration and other benefits 1.320.420 | 1.320.420 | Proceeds from share capital increase | 816.000,00 | 1.431.500,00 | 816.000,00 | 0,00 | ||||
| f) Amounts from board members and key management personnel | 0 | 0 | Proceeds from loans granted / assumed | 1.012.960,00 | 0,00 | 0,00 | 0,00 | |||
| g) Amounts due to board members and key management personnel | 0 | 0 | Loan payments | -11.300.000,00 | -6.114.499,80 -11.000.000,00 | -4.300.000,00 | ||||
| Expenses of share capital increase | -3.141,60 | 0,00 | -3.141,60 | 0,00 | ||||||
| 4. The number of the employees in the group and the company is: | Payment of own shares purchase | 1.143.995,24 | 0,00 | 1.143.995,24 | 0,00 | |||||
| THE GROUP | THE COMPANY | Dividends paid | -4.935.567,13 | -4.955.507,94 | -4.935.567,13 | -4.955.507,94 | ||||
| 01/01-31/12/2007 01/01-31/12/2006 01/01-31/12/2007 01/01-31/12/2006 | ||||||||||
| Salaried employees | 1.447 | 1.161 | 539 | 532 | Net inflows / (outflows) from financial activities (c) | -13.265.753,49 | -9.638.507,74 -13.978.713,49 | -9.255.507,94 | ||
| Wage employees | 182 | 356 | 82 | 114 | ||||||
| Total employees | 1.629 | 1.517 | 621 | 646 | Net increase / decrease in cash and cash equivalents for the period (a)+(b)+(c) | 28.900.844,94 | 4.958.055,49 | 24.775.350,86 | -153.988,41 | |
| Cash and cash equivalents, beginning of the period | 14.264.427,66 | 9.899.595,56 | 4.481.468,38 | 4.635.456,79 |
Cash and cash equivalents, end of the period 43.165.272,60 14.857.651,05 29.256.819,24 4.481.468,38
Investment in fixed assets made in 2007:
The Financial Statements of the company have been posted in the internet address www.sarantis.gr and in the register maintained by the Ministry of Development, Dept. of Anonymous Companies and Credit under number 13083/06/Β/86/27. The reader who seeks to acquire a full understanding of the financial position and the results of the company GR. SARANTIS S.A.
should consult the Financial Statements of the Company. 7. The change in the consolidation method of the company K.THEODORIDIS SA is based on an MOU between K.THEODORIDIS family and SARANTIS Group.
The company had no serious litigious cases during 2007.
The company proceeded to the sale of its participation in the affiliated company Κ.Π. MARINOPOULOS S.A. during the 4th quarter of 2007. 10. The company's subsisiary in Romania, SARANTIS ROMANIA, proceeded to the acquisition of the 100% of the romanian company ELMIPLANT during the 4th quarter of 2007.
THE PRESIDENT OF THE BOARD OF DIRECTORS GRIGORIS P. SARANTIS I.D.No. Χ 080619/03
THE GROUP
THE VICE PRESIDENT & MANAGING DIRECTOR KIRIAKOS P. SARANTIS I.D.No. Ρ 539590/95
Marousi, 20/02/2008
THE MANAGER OF THE ACCOUNTING DPT. VASSILIOS D. MEINTANIS I.D.No.ΑΒ 656347/06
4.919.131,30
| DATA FROM CASH FLOW STATEMENT | |
|---|---|
3.401.317,94 THE COMPANY
OTO TOP ME JOINT CONTROL
THE GROUP PROFORMA
GRIGORIS SARANTIS S.A. ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, HOUSEHOLD & PHARMACEUTICAL PRODUCTS REGISTRATION No. 13083/06/B/86/27 Data and information of period 1 of January till 31 of December 2007 (Published to the Law 2190, article 135 concerning companies which compile annual financial statements, either Consolidated or not under IFRS)
THE GROUP
THE COMPANY
BALANCE SHEET AS AT 31 DECEMBER 2007
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