Gr. Sarantis S.A.

Annual / Quarterly Financial Statement • Sep 28, 2015

						GRIGORIS SARANTIS A.B.E.E.
						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 30 of September 2006
						(∆ηµοσιευόµενα βάσει του Ν. 2190, αρθρο 135 για τις επιχειρήσεις που συντάσσουν ετήσιες Οικονοµικές Καταστάσεις, Ενοποιηµένες και µη κατά τα ∆ΛΠ)
						The following data and information aim at providing general information for the financial statements and results of the GR. SARANTIS ABEE and the GROUP. The reader who seeks to have an overview of the financial , before making any investment decision or a
	INFORMATION FOR THE COMPANY						GROUP STRUCTURE	DIRECT	INDIRECT
	Full company name:	GR. SARANTIS A.B.E.E.				COMPANY	COUNTRY	PARTICIPATIONPERCE NTAGE	PARTICIPATION PERCENTAGE	TOTAL	UNAUDITED TAX YEARS
	Address base: Date of incorporation:	Amarousiou - Halandriou 26 Str., 151 25, Marous 1964				FULL CONSOLIDATION METHOD K. THEODORIDIS A.E.	GREECE	50.00%	0.00%	50.00%	2004-2005
	Duration of the company: Main activity: Registration no:	31 Dec. 2040 ANONYMOUS INDUSTRIAL & COMMERCIAL COMPANY OF COSMETICS, CLOTHING, 13083/06/Β/86/27				ΟΤΟ ΤOP OOD VENTURES A.E. GR SARANTIS CYPRUS LIMITED	BULGARIA GREECE CYPRUS	0.00% 70.00% 100.00%	25.50% 0.00% 0.00%	25.50% 70.00% 100.00%	1999-2005 2005 -
	Supervising authority:	MINISTRY OF DEVELOPMENT, DEPT. OF ANONYMOUS COMPANIES & CREDIT				BRIARDALE SERVICES S.A	ISLE OF MAN	0.00%	100.00%	100.00%	-
	094017922 / DOY FAVE ATHINO V.A.T. no:			SARANTIS BULGARIA L.T.D SARANTIS ROMANIA S.A	BULGARIA ROMANIA	0.00% 0.00%	100.00% 100.00%	100.00% 100.00%	1999-2005 2005
		Grigoris Sarantis son of Pantazis: President - Executive member, Kiriakos Sarantis son of Pantazis: Vice President - Managing Director - Executive member, George Koletsos son of Athanasios: Managing Director -Executive member, Konstantinos Rozakeas son of Petros: Executive member,			SARANTIS DISTRIBUTION S.C SARANTIS L.T.D BELGRADE SARANTIS SKOPJE L.T.D	ROMANIA SERBIA SKOPJE	0.00% 0.00% 0.00%	100.00% 100.00% 100.00%	100.00% 100.00% 100.00%	2005 - -
					SARANTIS POLSKA S.A LINCO L.T.D	POLAND POLAND	0.00% 0.00%	99.40% 99.40%	99.40% 99.40%	2005 2005
	Members of the board of Directors:	Pantazis Sarantis son of Grigoris: Non executive member, Aikaterini Saranti daughter of Pantazis: Non executive member,				ΝΕΤ WEST POLAND S.A SARANTIS CZECH REPUBLIC sro VENUS S.A	POLAND CZECH REPUBLIC LUXEMBOURG	0.00% 0.00% 0.00%	99.40% 99.40% 100.00%	99.40% 99.40% 100.00%	2005 2005 -
		Konstantinos Stamatiou son of Fokionos: Executive member, Aimilios Kiprianidis son of Simeon: Independent and non Executive member, Nikolaos Kontidis son of Konstantinos: Independent and non Executive member,			ΖΕΤΑ ΑΕ ΖΕΤΑ FIN LTD	GREECE CYPRUS	0.00% 0.00%	100.00% 100.00%	100.00% 100.00%	2005 2002-2005
				WALDECK LIMITED SAREAST	CYPRUS CYPRUS	0.00% 0.00%	100.00% 65.00%	100.00% 65.00%	- -
	Current year end: Current period duration: Type of Financial Statements	31 Dec. 2005 12 MONTHS				SARANTIS RUSSIA ΖΕΤΑ COSMETICS LTD	RUSSIA CYPRUS	0.00% 0.00%	65.00% 100.00%	65.00% 100.00%	- 2002-2005
	(from which these data have been extracted): Approval date of Financial Statements	INTERIM OF 3rd QUARTER 2006 13/11/2006				SARANTIS ANADOL S.A. SARANTIS HUNGARY KFT	TURKEY HUNGARY	96.23% 0.00%	0.00% 100.00%	96.23% 100.00%	- -
	(from which these data have been extracted): Auditors: Auditors Company:	IOANNIS V. KALOGEROPOULOS - Α.Μ.S.Ο.ΕΛ. 10741 BAKER TILLY HELLAS A.E.				SARANTIS UKRAINE S.A.	UKRAINE	100.00%	0.00%	100.00%	-
	Auditors' opinion: Internet address:	UNQUALIFIED AUDIT OPINION www.sarantis.gr				EQUITY METHOD K. P. MARINOPOULOS A.E.	GREECE	49.00%	0.00%	49.00%	2003-2005
						ΕLCA COSMETICS LTD ESTEE LAUDER HELLAS SA ΕSTEE LAUDER BULGARIA	CYPRUS GREECE BULGARIA	0.00% 0.00% 0.00%	49.00% 49.00% 49.00%	49.00% 49.00% 49.00%	2001-2005 2001-2005 2001-2005
						ΙΜ COSMETICS SA	ROMANIA	0.00%	49.00%	49.00%	2001-2005
BALANCE SHEET AS AT 30 SEPTEMBER 2006 (Amounts are expressed in Euro) THE GROUP THE COMPANY						DATA FROM INCOME STATEMENT AT 30 SEPTEMBER 2006 (Amounts are expressed in Euro)		THE GROUP				THE COMPANY
	ASSETS		01/01-30/09/2006 01/01-31/12/2005 01/01-30/09/2006 01/01-31/12/2005			Total Turnover	01/01-30/09/2006 159,402,599.44	145,482,937.63	52,047,066.21	45,930,695.25	01/01-30/09/2005 01/07-30/09/2006 01/07-30/09/2005 01/01-30/09/2006 01/01-30/09/2005 01/07-30/09/2006 01/07-30/09/2005 86,015,660.45	79,872,708.90	26,786,515.39	21,583,597.93
	Fixed assets	41,881,908.80	44,788,257.74	36,548,770.00	38,066,277.03	Gross profit / (loss)	78,666,351.93	70,355,705.63	25,723,803.51	22,093,257.61	42,408,238.18	39,348,346.33	12,506,407.20	10,418,932.38
	Inventories Trade receivables Other assets	45,873,486.67 73,891,624.85 67,957,887.15	40,036,691.78 73,424,196.88 59,309,893.20	23,193,369.63 51,557,116.82 82,484,498.56	17,841,350.05 48,203,450.40 80,770,513.65	Gross profit / (loss) before tax, financial and investment results and depreciation Gross profit / (loss) before tax, financial and investment results Gross profit / (loss) before tax	22,885,474.99 20,169,018.49 20,534,047.33	21,702,961.77 18,935,216.16 16,926,766.34	6,877,358.86 5,993,645.59 5,090,443.55	5,891,454.84 4,962,302.73 4,197,142.31	11,224,837.47 9,457,999.99 10,298,563.96	10,138,104.57 8,433,912.85 7,134,015.75	3,028,085.32 2,440,360.72 1,538,145.41	1,628,285.50 1,047,876.66 181,009.12
	TOTAL ASSETS	229,604,907.47		217,559,039.60 193,783,755.01	184,881,591.13	Less: Income tax expense Profit / (loss) after tax	5,035,799.42 15,498,247.91	4,277,327.82 12,649,438.52	874,267.11 4,216,176.44	1,483,703.32 2,713,438.99	2,191,608.25 8,106,955.71	1,751,295.26 5,382,720.49	232,103.13 1,306,042.28	542,710.11 -361,700.99
	LIABILITIES & SHAREHOLDERS' FUNDS Long term liabilities	105,647,730.33		98,317,624.19 102,089,662.64	105,169,867.03	Allocated to : Company's shareholders	15,415,652.15	12,447,282.30	4,277,155.14	2,593,012.83	8,106,955.71	5,382,720.49	1,306,042.28	-361,700.99
	Short term liabilities to banks Other short term liabilities	2,792,292.00 50,656,066.68	7,814,499.80 48,648,866.57	0.00 42,130,947.35	0.00 30,570,853.87	Interest's shareholders After tax earnings per share (in Euro)	82,595.76 0.40	202,156.22 0.33	-60,978.70 0.11	120,426.16 0.07	- 0.21	- 0.14	- 0.03	- -0.01
	TOTAL LIABILITIES	159,096,089.01		154,780,990.56 144,220,609.99	135,740,720.90	DATA FROM CASH FLOW STATEMENT
	Shareholders' equity Other data of shareholders net equity	57,220,410.00 10,133,363.63	57,220,410.00 3,709,031.80	57,220,410.00 -7,657,264.98	57,220,410.00 -8,079,539.77	(Amounts are expressed in Euro)		THE GROUP	THE COMPANY
	TOTAL EQUITY OF SHAREHOLDERS Minority interests TOTAL EQUITY	67,353,773.63 3,155,044.83 70,508,818.46	60,929,441.80 1,848,607.24 62,778,049.04	49,563,145.02 0.00 49,563,145.02	49,140,870.23 0.00 49,140,870.23	CASH FLOWS FROM OPERATING ACTIVITIES Profits before taxes	20,534,047.33	01/01-30/09/2006 01/01-30/09/2005	01/01-30/09/2006 01/01-30/09/2005 16,926,766.34 10,298,563.96	7,134,015.75
	TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	229,604,907.47		217,559,039.60 193,783,755.01	184,881,591.13	Plus / minus adjustments for : Depreciation of fixed assets	2,716,456.50	2,767,745.61	1,766,837.48	1,704,191.72
	DATA FROM THE STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD (Amounts are expressed in Euro)	THE GROUP			THE COMPANY	Provisions Foreign exchange differences Income from investment activities	786,400.71 -611,407.43 -10,424,690.86	1,214,556.90 -25,994.01 -6,025,612.28	0.00 -464,841.27 -4,416,763.32	507,720.54 79,944.52
			01/01-30/09/2006 01/01-30/09/2005 01/01-30/09/2006 01/01-30/09/2005			Interest and other related expenses Credit interests	3,077,318.65	4,476,668.10	2,950,080.09	3,512,085.80
	Total equity, beginning of the period (1.1.2006 and 1.1.2005 respectively)	62,778,049.04	36,637,084.56	49,140,870.23	30,180,873.23	Long term earnings
	Profit / (loss) after tax for the period	15,498,247.91 78,276,296.95	12,649,438.52 49,286,523.08	8,106,955.71 57,247,825.94	5,382,720.49 35,563,593.72	Plus/minus adjustments for changes in working capital accounts or accounts related to operating activities:
	Ιncrease / (decrease) of share capital Dividends paid	1,228,500.00 -4,959,102.20	0.00	-4,959,102.20	0.00	Decrease / (increase) in inventories Decrease / (increase) in receivables	-5,836,794.89 -3,097,763.01	-9,865,489.43 -2,700,439.08	-5,352,019.58 -6,360,317.01	-1,763,000.99 -1,608,107.98
	Revaluation of fixed assets Net income transferred directly to equity Purchase of own shares	0.00 -4,036,876.29 0.00	0.00 1,463,382.86 0.00	0.00 -2,725,578.72 0.00	0.00 13,168,383.15 0.00	(Decrease) / increase in liabilities (other than to banks) Less : Interest and other related expenses, paid	5,901,959.37 -2,906,126.96	2,034,426.47 -4,476,668.10	6,408,011.71 -2,778,888.40	-3,167,765.77 -3,512,085.80
	Net equity, end of the period (30.09.2006 and 30.09.2005 respectively)	70,508,818.46	50,749,905.94	49,563,145.02	48,731,976.87	Tax Paid	-4,503,412.90	-4,277,327.82	-3,255,000.90	-1,608,450.31
						Total inflows / (outflows) from operating activities (a)	5,635,986.51	48,632.70	-1,204,337.24	1,278,547.48
	ADDITIONAL INFORMATION					CASH FLOWS FROM INVESTMENT ACTIVITIES Receipts of securities sales Acquisition of subsidiaries, associates, joint ventures and other investments	3,905,609.52	0.00	463,491.58	-10,824,225.78
	1. There are not unaudited tax years for the company GR. SARANTIS A.B.E.E.					Acquisition of tangible and intangible assets Revenues from sale of tangible and intangible assets	-1,023,107.46 16,289.81	-2,416,418.36 2,063,394.61	-577,372.74 11,880.34	-1,126,670.10 9,922,231.97
	The unaudited tax years for the group are mentioned in the appendage.					Interest received Dividends received	45,919.97 924,875.87	1,137,803.72 568,408.50	9,042.04 1,894,595.01	174,975.63 1,453,877.41
	2. No fixed charges have been registered on the property of the company.					Net inflows / (outflows) from investment activities (b)	3,869,587.71	1,353,188.47	1,801,636.23	-399,810.87
	3. The intracompany transactions and the intracompany balances of GR. SARANTIS A.B.E.E. during the 3rd quarter of 2006 are: TABLE OF RELATED PARTY TRANSACTIONS OF THE PARENT COMPANY WITH SUBSIDIARIES COMPANIES:	THE GROUP			THE COMPANY	CASH FLOWS FROM FINANCIAL ACTIVITIES Proceeds from share capital increase	1,228,500.00		0.00	0.00
	a) Sales of goods and services b) Purchases of goods and services	16,777,498.46 16,777,498.46			13,201,695.10 272,708.75	Proceeds from loans granted / assumed Loan payments	6,400,000.00 -5,022,207.80	5,029,162.34 -103,205.35	3,900,000.00 0.00	4,626,482.81
	c) Receivables d) Payables e) Board members and key management personnel remuneration and	20,642,449.59 20,642,449.59			8,150,804.27 9,169,112.67	Payment of finance lease liabilities (payments of principal) Dividends paid	-4,955,153.30	-198,037.89 -4,583,024.67	-4,955,153.30	-69,686.74 -3,808,106.71
	other benefits f) Amounts from board members and key management personnel	1,487,440.00 0.00			1,487,440.00 0.00	Net inflows / (outflows) from financial activities (c)	-2,348,861.10	144,894.43	-1,055,153.30	748,689.36
	g) Amounts due to board members and key management personnel	0.00			0.00
	4. The number of the employees in the group and the company is:					Net increase / decrease in cash and cash equivalents for the period (a)+(b)+(c) Cash and cash equivalents, beginning of the period	7,156,713.12 9,899,595.56	1,546,715.60 7,005,034.80	-457,854.31 4,635,456.79	1,627,425.97 2,893,094.00
	Salaried employees	THE GROUP 1,150	01/01-30/09/2006 01/01-30/09/2005 01/01-30/09/2006 01/01-30/09/2005 1,166	550	THE COMPANY 555	Cash and cash equivalents, end of the period	17,056,308.68	8,551,750.40	4,177,602.48	4,520,519.97
	Wage employees	355	344	125	115
	Total employees	1,505	1,510	675	670
		THE GROUP			THE COMPANY
	5. Investment in fixed assets made in the 3rd quarter of 2006	1,023,107.46			577,372.74
	6. The European Commission decided that the tax exempt Fair Value & Other Reserves of the Article 2 of Law 3320/2004 are not in compliance with the EU legislation. A final decision by the Ministry of Finance is still pending. The maximun possible Group's liability from the likely payment of taxes and expenses
	will not exceed the amount of 300,000 EUR. 7. 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,
						Marousi, 13/11/2006
	THE PRESIDENT OF THE BOARD OF DIRECTORS GRIGORIS P. SARANTIS I.D.No. Χ 080619/03	THE VICE PRESIDENT & MANAGING DIRECTOR KIRIAKOS P. SARANTIS I.D.No. Ρ 539590/95				THE MANAGING DIRECTOR GEORGIOS A. KOLETSOS I.D. No. X 926090/03		THE FINANCIAL DIRECTOR KONSTANTINOS P. ROZAKEAS I.D.No.Ρ 534498/94		THE MANAGER OF THE ACCOUNTING DPT. VASSILIOS D. MEINTANIS I.D.No.Ξ 016419/86