ASSA ABLOY

Annual / Quarterly Financial Statement • Sep 22, 2015

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

FINANCIAL STATEMENTS INFORMATION January 1st ended in December 31st 2010

Published according to law 2190/20, article 135 for companies publishing their Annual Consolidated and Non Consolidated Financial Statements in accordance to the International Accounting Standards The figures presented below provide information about the financial position of AS Company S.A.

The reader is reccommended, before entering into any investment activity

					with the company to access the Company's web site, where the annual financial statements and Certified Auditors Accountant Audit Report are posted.
COMPANY'S INFORMATION DATA					COMPOSITION of the B.O.D.
Supervising Authority	Ministry of Finance-Societe Anonyme				ANDREADIS Κ. EFSTRATIOS	: President & CEO of the B.O.D.		Executive Member
Company's web site	: www.ascompany.gr				ANDREADOU Ε. ANASTASIA	: Vice-President of the B.O.D.		Executive Member
Approval date from the B.O.D.					ANDREADIS Ε. KONSTANTINOS	: Member of the B.O.D.		Executive Member
for annual financial statements	: March 24th 2011				RIZOPOULOS P. KONSTANTINOS	: Member of the B.O.D.		Independent non-executive Member
Certified Auditor Accountant			: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211		VASILAKERIS V. MORFIS	: Member of the B.O.D.		Non-executive Member
Auditing Association & Certified Auditing Firm			: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148		MEXTERIDIS Ι. THEOFILOS	: Member of the B.O.D.			Non-executive Member
Type of Review Opinion Type of Review	: Unqualified :
1. BALANCE SHEET					2. STATEMENT OF COMPREHENSIVE INCOME
Amounts expressed in € GROUP					Amounts expressed in € GROUP			COMPANY
ASSETS	31.12.2010	31.12.2009	COMPANY 31.12.2010	31.12.2009		1.1 to	1.1 to	1.1 to	1.1 to
						31.12.2010	31.12.2009	31.12.2010	31.12.2009
Tangible fixed assets	7.846.303,91	8.203.334,04	7.846.303,91	8.203.334,04
Intangible fixed assets	40.751,42	27.157,27	40.751,42	27.157,27	Sales Turnover	20.976.334,05	25.832.010,39	20.976.334,05	25.063.716,07
Other non-current assets	269.985,25	245.083,82	269.985,25	245.083,82	Gross profit / (loss)	9.873.820,08	13.105.528,41	9.873.820,08	12.783.704,46
Inventories	5.605.117,57	5.416.061,53	5.605.117,57	5.416.061,53	Profit/(loss) before tax, interest,
Trade debtors	12.718.906,55	13.051.553,96	12.718.906,55	13.051.553,96	investing results	1.070.304,10	3.551.903,28	1.070.304,10	3.700.893,22
Other current assets	4.682.732,15	4.066.500,90	4.682.732,15	4.066.500,90	Profit/(loss) before tax	953.434,59	3.313.294,23	953.434,59	3.472.659,32
TOTAL ASSETS	31.163.796,86	31.009.691,52	31.163.796,86	31.009.691,52	Profit/(loss) after tax (Α)	345.674,17	2.124.839,02	345.674,17	2.246.935,27
SHAREHOLDERS' EQUITY AND LIABILITIES					- Owners of the parent	345.674,17 0,00	2.124.839,02 0,00	345.674,17 0,00	2.246.935,27
					- Minority Shareholders'				0,00
Paid up share capital Oth Other shareholders' equity h h ld ' it	8.313.146,00 9 247 523 09 9.247.523,09	8.313.146,00 9 995 683 91 9.995.683,91	8.313.146,00 9 247 523 09 9.247.523,09	8.313.146,00 9.995.683,91 9 995 683 91	Other Profit/(loss) after tax (Β) T t l P fit Total Profit	0,00	0,00	0,00	0,00
Total Shareholder's Equity (a)	17.560.669,09	18.308.829,91	17.560.669,09	18.308.829,91	after tax (Α) + (Β)	345.674,17	2.124.839,02	345.674,17	2.246.935,27
					- Owners of the parent	345.674,17	2.124.839,02	345.674,17	2.246.935,27
Minority Rights (b)	0,00	0,00	0,00	0,00	-Minority Shareholders'	0,00	0,00	0,00	0,00
Total Equity (c) = (a) + (b)	17.560.669,09	18.308.829,91	17.560.669,09	18.308.829,91
					Profit after tax per share in (€)	0,0158	0,0971	0,0158	0,1027
Long term liabilities	6.134.800,00	5.204.000,00	6.134.800,00	5.204.000,00	Intended dividend per share (in €)	0,0000	0,0500	0,0000	0,0500
Provisions / Other long term liabilities	945.591,94	890.673,64	945.591,94	890.673,64	Profit/(loss) before tax, interest,
Short term borrowing liabilities	1.069.200,00	1.085.209,07	1.069.200,00	1.085.209,07	investing results and depreciation	1.507.951,93	3.991.757,21	1.507.951,93	4.119.846,23
Other short term liabilities	5.453.535,83	5.520.978,90	5.453.535,83	5.520.978,90
Total liabilities (d)	13.603.127,77	12.700.861,61	13.603.127,77	12.700.861,61
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	31.163.796,86	31.009.691,52	31.163.796,86	31.009.691,52	3. STATEMENT OF CHANGES IN EQUITY Amounts expressed in €
						GROUP 31.12.2010	31.12.2009	COMPANY 31.12.2010	31.12.2009
4. CASH FLOW STATEMENT					Opening balance
Amounts expressed in €					(01.01.2010 & 01.01.2009 accordingly)	18.308.829,91	17.928.724,43	18.308.829,91	18.097.171,57
	GROUP		COMPANY		Year's Profit / (loss)
	1.1 to	1.1 to	1.1 to	1.1 to	after taxes	345.674,17 ,	2.124.839,02 ,	345.674,17 ,	2.246.935,27 ,
	31.12.2010	31.12.2009	31.12.2010	31.12.2009	Dividends	-1.093.835,00	-1.750.136,00	-1.093.835,00	-1.750.136,00
Operating activities					Net income towards equity	0,00	5.402,46	0,00	-285.140,93
Profit before tax	953.434,59	3.313.294,23	953.434,59	3.472.659,32	Year's end equity
Increase / Decrease adjustments for: Depreciation	437.647,83	418.953,01	437.647,83	418.953,01	(31.12.2010 & 31.12.2009 accordingly)	17.560.669,08	18.308.829,91	17.560.669,08	18.308.829,91
Previsions	0,00	11.144,13	0,00	11.144,13
Foreign Exchange Differences	-502.534,58	-72.632,52	-502.534,58	-72.632,52	5. NOTES
Investing Activities Results (income, expences, profit & loss)	470.672,61	-770.504,29	470.672,61	-230.634,67	In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year.
Interest Expense	160.953,67	229.915,75	160.953,67	229.915,75	1.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories	-189.056,04	1.275.845,76	-189.056,04	1.275.845,76	There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding 2. last year.
Decrease/(increase) in receivables (Decrease)/increase in current liabilities (excluding borrowings)	758.183,43 392.572,37	1.436.669,38 -1.117.778,12	758.183,43 392.572,37	1.436.669,38 -1.117.778,12	3. There weren't any company proceedings such as take over, sale, merger of other company or branch, secession of branch and reorganization, neither break in
Minus :					any operation.
Interest Paid	-160.953,67	-229.915,75	-160.953,67	-229.915,75
Income taxes paid	-935.965,41	-1.372.964,85	-935.965,41	-1.372.964,85	4.
Total cash flows from operating activities (a)	1.384.954,80	3.122.026,73	1.384.954,80	3.821.261,44	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Investing Activities Investing					5. The Financial Statements are not included in other consolidated financial statements published by other companies. During the previous fiscal year in the Groups consolidated financial statements were included figures of subsidiary COSMOKID S.A., which was absorded by mother company in 2009,during the
Subsidiary	0,00	390.000,00	0,00	390.000,00	current fiscal year Groups Financial Statements are posted for combarable reasons.
Purchase of tangible and intangible assets	-101.615,12	-673.073,68	-101.615,12	-673.073,68
Proceeds from sales of tangible and intangible assets	34,69	64,73	34,69	64,73
Proceeds from sales of securities	0,00	0,00	0,00	0,00	There do not exist any types of arbitration or pending litigation matters of the Company that could have a material adverse effect on financial condition or 6.
Interest income	45.997,46	2.847,98	45.997,46	2.847,98	operation of the Company and therefore there do not exist any corresponding provisions. Provisions for the unaudited tax years of AS Company have been made which amount to € 285.000,00 while other provisions amount to € 1.373.711,70. (please see note 5.5 in financial statement notes).
Dividends income Total cash flows from ivnesting activities (b)	0,00 -55.582,97	58,27 -280.102,70	0,00 -55.582,97	58,27 -280.102,70
Financing activities
Proceeds from Subsidiary	0,00	0,00	0,00	0,00	7. The number of staff employed by the Company was 72 as at the end of the reported period and was 75 accordingly at the end of the previous respective
Proceeds from increased capital	0,00	0,00	0,00	0,00	period.
Proceeds from borrowings	914.790,93	830.733,45	914.790,93	830.733,45	The Company has been audited by the tax authorities up to and including the fiscal year 2004 (please see note 5.4 in financial statement notes). 8.
Inflow from Government Programs	0,00	46.218,00	0,00	46.218,00
Borrowings paid	0,00	0,00	0,00	0,00	9. Profit/(loss) before tax for the period were burdened with the obligation imposed under Article 5 of Law 3845/2010, special one-off charge of social
Payments of leasing liabilities	-114.567,24	-91.861,43	-114.567,24	-91.861,43	responsibility, amounting to € 250.820,21, this sum will be paid in 12 instalments for year 2011. During 2010 the Company paid 12 instalments the amount of
Dividends paid	-1.093.835,00	-1.750.136,00	-1.093.835,00	-1.750.136,00	€ 274.807,61 regarding the extraordinary tax charge under Article 5 of Law 3808/2009.
Total cash flows from Financing activities (c)	-293.611,31	-965.045,98	-293.611,31	-965.045,98
Net increase / (Decrease) in cash					10. The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities of the Group and the Company at
and cash equivalents (a) + (b) + (c)	1.035.760,52	1.876.878,05	1.035.760,52	2.576.112,76	the end of the fiscal period which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows: p	,	y
C h d Cash and cash equivalents opening balance h i l t i bl	2 869 849 86 2.869.849,86	992 971 81 992.971,81	2 869 849 86 2.869.849,86	293 737 10 293.737,10
Cash and cash equivalents closing balance	3.905.610,38	2.869.849,86	3.905.610,38	2.869.849,86			Ο ΟΜΙΛΟΣ	Η ΕΤΑΙΡΕΙΑ
					a) Sales of goods and services		0,00	0,00
	Thessaloniki, March 24th 2011				b) Purchase of goods and services		0,00	0,00
					c) Trade debtors		0,00	0,00
PRESIDENT & CEO	VICE-PRESIDENT OF THE B.O.D.		FINANCE DIRECTOR		d) Liabilities		0,00	0,00
					e) Transactions & salaries of managerial staff and the board		703.314,66	703.314,66

EFSTRATIOS Κ. ANDREADIS Identity Card No ΑΒ 691316

ANASTASIA E. ANDREADOU Identity Card No AH 181790 PANAGIOTIS V. PAPASPYROU Identity Card No ΑΕ 032224 License: 0019079 A' Class

f) Receivables fron managerial staff and the board 0,00 0,00 g) Liabilities towards managerial staff and the board 0,00 0,00