ASSA ABLOY

Quarterly Report • Sep 24, 2015

COMPANY

					FINANCIAL STATEMENTS INFORMATION January 1st 2008 ended in September 30th 2008 In agreance with decision 6/448/11.10.2007 of the Hellenic Comission of Market Capitalization The figures presented below provide information about the financial position of AS COMPANY S.A.
					The reader who seeks to draft a completed figure of the company's financial statement and financial results, sould get access to the Company's web site, where the annual financial statements according to International Accounting Standards and Certified Auditors Accountant Audit Report are posted.
Company's web site	: www.ascompany.gr
Approval date from the B.O.D. of the nine month financial financial statements	: 24th November 2008
1.1 BALANCE SHEET Amounts expressed in €					1.2 PROFIT AND LOSS STATEMENT Amounts expressed in €
ASSETS	GROUP 30.09.2008	31.12.2007	COMPANY 30.09.2008	31.12.2007		GROUP 1.1 to	1.1 to	COMPANY 1.1 to	1.1 to
						30.09.2008	30.09.2007	30.09.2008	30.09.2007
Tangible fixed assets Intangible fixed assets	8.424.099,85 113.988,35	8.358.170,01 83.311,32	8.067.719,43 84.501,66	8.358.170,01 83.311,32	Sales Turnover	18.555.147,12	16.656.555,02	18.349.791,31	16.656.555,02
Other non-current assets	422.426,39	168.143,77	710.087,47	168.143,77	Gross profit / (loss)	10.266.257,60	8.438.498,22	10.151.746,25	8.438.498,22
Inventories Trade debtors	5.894.089,50 17.057.750,67	4.427.237,37 14.827.625,01	5.471.641,82 17.000.510,21	4.427.237,37 14.827.625,01	Profit/(loss) before tax, interest, investing results	4.232.652,13	3.393.548,01	4.481.431,59	3.393.548,01
Other current assets TOTAL ASSETS	2.469.510,39 34.381.865,15	1.606.995,23 29.471.482,71	2.197.778,37 33.532.238,96	1.606.995,23 29.471.482,71	Profit/(loss) before tax	3.927.453,08	3.025.868,00	4.176.808,77	3.025.868,00
					Profit/(loss) after tax	3.136.189,86	2.435.537,23	3.323.206,64	2.435.537,23
SHAREHOLDERS' EQUITY AND LIABILITIES					Distribution: Company's shareholders	3.192.294,89	2.435.537,23	3.323.206,64	2.435.537,23
Paid up share capital Other shareholders' equity	8.313.146,00 9.552.985,08	8.313.146,00 8.111.281,79	8.313.146,00 9.684.352,43	8.313.146,00 8.111.281,79	Minority Shareholders' Profit after tax per share in (€)	-56.105,03 0,146	0,00 0,111	0,00 0,152	0,00 0,111
Total Shareholder's Equity (a)	17.866.131,08	16.424.427,79	17.997.498,43	16.424.427,79	Profit/(loss) before tax, interest,
Minority Rights (b)	93.699,70	0,00	0,00	0,00	investing results and depreciation	4.627.565,28	3.782.947,33	4.862.350,32	3.782.947,33
Total Equity (c) = (a) + (b)	17.959.830,78	16.424.427,79	17.997.498,43	16.424.427,79	1.2a PROFIT AND LOSS STATEMENT
Long term liabilities Provisions / Other long term liabilities	3.540.500,00 1.736.995,44	3.332.800,00 690.464,35	3.540.500,00 1.735.995,36	3.332.800,00 690.464,35	Amounts expressed in €	GROUP		COMPANY
Short term borrowing liabilities	4.228.132,89	1.630.610,57	3.888.132,89	1.630.610,57		1.7 to	1.7 to	1.7 to	1.7 to
Other short term liabilities Total liabilities (d)	6.916.406,04 16.422.034,37	7.393.180,00 13.047.054,92	6.370.112,28 15.534.740,53	7.393.180,00 13.047.054,92		30.09.2008	30.09.2007	30.09.2008	30.09.2007
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	34.381.865,15	29.471.482,71	33.532.238,96	29.471.482,71	Sales Turnover Gross profit / (loss)	6.459.713,84 3.112.739,00	5.502.242,31 2.422.562,53	6.333.056,40 3.046.220,24	5.502.242,31 2.422.562,53
					Profit/(loss) before tax, interest, investing results	1.192.830,42	871.557,63	1.320.710,43	871.557,63
					Profit/(loss) before tax	1.069.954,49	710.032,72	1.198.827,57	710.032,72
1.3 STATEMENT OF CHANGES IN EQUITY Amounts expressed in €					Profit/(loss) after tax	986.918,83	631.336,32	1.090.232,06	631.336,32
	GROUP 30.09.2008	30.09.2007	COMPANY 30.09.2008	30.09.2007	Distribution: Company's shareholders	1.017.963,31	631.336,32	1.090.232,06	631.336,32
Opening balance					Minority Shareholders'	-31.044,48	0,00	0,00	0,00
(01.01.2008 & 01.01.2007 respectively) Period's Profit / (loss) after taxes	16.424.427,79 3.136.189,86	14.876.955,79 2.435.537,23	16.424.427,79 3.323.206,64	14.876.955,79 2.435.537,23	Profit after tax per share in (€) Profit/(loss) before tax, interest,	0,047	0,029	0,050	0,029
Dividends Net income towards equity	-1.750.136,00 -650,87	-1.312.602,00 5.683,80	-1.750.136,00 0,00	-1.312.602,00 5.683,80	investing results and depreciation	1.324.525,45	994.702,31	1.446.866,85	994.702,31
Minority Stake in Subsidiary	150.000,00	0,00	0,00	0,00
Bought / (Sold) own shares Period's end equity	0,00	0,00	0,00	0,00	Notes:
(30.09.2008 & 30.09.2007 respectively)	17.959.830,78	16.005.574,82	17.997.498,43	16.005.574,82	The Company's tax returns have been audited by the tax authorities up to and including the fiscal year 2004, with the chance of an imposition of further 1. taxation and surcharges throughout the year that will be reviewed and defined in the tax returns of the unaudited fiscal years. The results of the audit
1.4 CASH FLOW STATEMENT					can not be projected at this time and therefore no relevant projection has been made that depicts the effect on the financial statements please see note 4.26. Our subsidiary Cosmokid S.A. was incorporated in 2008 and has not filed any income tax return.
Amounts expressed in € GROUP COMPANY
	1.1 to 30.09.2008	1.1 to 30.09.2007	1.1 to 30.09.2008	1.1 to 30.09.2007	All standard accounting pronciples have remained in force as in the 31.12.2007 Financial Statements. 2. No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented. 3.
Operating activities
Profit before tax Increase / Decrease adjustments for:	3.927.453,08	3.025.868,00	4.176.808,77	3.025.868,00	There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts. There 4.
Depreciation Previsions	394.913,16 985,25	389.399,32 6.226,41	380.918,73 -14,82	389.399,32 6.226,41	was only the incorporation of the subsidiary company Cosmokid S.A. of which AS Company S.A. has 70% stake, which in turn incorporated Cosmokid Albania Ltd. with a 100% stake.
Investing Activities Results (income, expences, profit & loss)	-7.253,34	5.683,80	-5.639,83	5.683,80	There were no changes in the company's fiscal year period, therefore all information presented is comparable. 5.
Interest Expense Increase / Decrease adjustments for working capital:	311.445,68	391.065,37	310.262,65	391.065,37	During 2008 the company for the first time issued consolidated financial statements in which the results of its subsidiary Cosmokid S.A., with its 6.
Decrease/(increase) in inventories	-1.466.852,13	-1.576.022,48	-1.044.404,45	-1.576.022,48	corresponding stake of 70%, and date of incorporation 04/04/2008. The mother company's financial results are not incorporated in any other company's consolidated financial statements.
Decrease/(increase) in receivables (Decrease)/increase in current liabilities (excluding borrowings)	-3.556.579,45 -145.141,46	-4.979.156,22 2.276.557,16	-3.339.934,50 -691.435,22	-4.979.156,22 2.276.557,16
Minus : Interest Received	-311.445,68	-391.065,37	-310.262,65	-391.065,37	There is no mortgaging over company's fixed assets. 7. The purchases in tangible and intangible fixed assets for the 3rd half 2008 were € 513.155,45 on a consolidated basis and € 94.536,59 for the mother 8.
Income taxes paid	-287.174,75	-257.672,80	-287.174,75	-257.672,80	company. There do not exist any types of arbitration or pending litigation matters that could have a material adverse effect on AS Company S.A. financial
Total cash flows from operating activities (a)	-1.139.649,64	-1.109.116,81	-810.876,07	-1.109.116,81	9. condition.
Investing Activities Subsidiary	0,00	0,00	-350.000,00	0,00
Purchase of tangible and intangible assets	-491.165,94	-142.654,31	-94.536,59	-142.654,31
Proceeds from sales of tangible and intangible assets Proceeds from sales (puschase) of securities	0,00 0,00	0,00 -7.752,21	2.878,10 0,00	0,00 10. -7.752,21 11.	The profits per share were based on the average trading shares less the own owned shares aquired by the Company. The number of staff employed by the subsidiary and mother company as at the end of period is 70 & 62 and was 61 & 61 at the end of the respective
Interest income	18.882,10	18.612,69	18.273,55	18.612,69	period. As of 31.12.2005 the Company has acquired through the Athens Stock Exchange 94.730 same shares at an average price of € 0,766 total €72.559,90.
Dividends income Total cash flows from ivnesting activities (b)	0,00 -472.283,84	0,00 -131.793,83	0,00 -423.384,94	0,00 12. -131.793,83	On 03/07/2008, the BOD decided, these shares were distributed to its employees based on specific criteria.
Financing activities Proceeds from Subsidiary	150.000,00	0,00	0,00	0,00
Proceeds from borrowings	2.805.222,32	3.190.846,87	2.465.222,32	3.190.846,87 13.	The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities at the end of the fiscal period,
Borrowings paid Dividends paid	0,00 -44.457,75	0,00 -61.761,96	0,00 -44.457,75	0,00 -61.761,96	which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Total cash flows from Financing activities (c)	-1.750.136,00	-1.312.602,00	-1.750.136,00	-1.312.602,00		GROUP
Net increase / (Decrease) in cash and cash equivalents (a) + (b) + (c)	-3.362.069,48	-2.553.512,64	-2.984.397,01	-2.553.512,64	a) Sales of goods and services b) Purchase of goods and services	0,00 0,00	34.958,18 0,00
Cash and cash equivalents opening balance Cash and cash equivalents closing balance	1.155.926,46 -2.206.143,02	351.041,97 -2.202.470,67	1.155.926,46 -1.828.470,55	351.041,97 -2.202.470,67	c) Trade debtors d) Liabilities	0,00 0,00	0,00 0,00
					e) Transactions & salaries of managerial staff and the board	364.705,62	337.297,62
					f) Receivables fron managerial staff and the board g) Liabilities towards managerial staff and te board	0,00 0,00	0,00 0,00
			VICE-PRESIDENT OF THE B.O.D.	Thessaloniki, November 24th 2008
CHAIR-MAN OF THE B.O.D		FINANCE DIRECTOR HEAD ACCOUNTANT
ANDREADIS K. EFSTRATIOS Identity Card No ΑΒ 691316			ANASTASIA E. ANDREADOU Identity Card No Μ 371650		PANAGIOTIS V. PAPASPYROU Identity Card No ΑΕ 032224		OLYMBIA Ι. BAGIOKI Identity Card No ΑΕ 671215

AS COMPANY S.A. COMMERCIAL INDUSTRIAL COMPUTER & TOY COMPANY

Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107 Headquarters: Municipality of Oraiokastro County of Thessaloniki