ASSA ABLOY

Annual Report • Oct 1, 2015

Certified Auditor Accountant : Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors: 14211 Auditing Association & Certified Auditing Firm : BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors: Ε 148

Company's web site : www.ascompany.gr

Supervising Authority : Ministry of Development - Department of SA companies Approval date from the B.O.D. of quarterly periodic financial statements : 29th February 2007 Type of Review Opinion : With no qualification COMPANY'S INFORMATION DATA

BALANCE SHEET Amounts expressed in €			PROFIT AND LOSS STATEMENT Amounts expressed in €		COMPANY
		COMPANY
				1.1 to	1.1 to
ASSETS	31.12.2007	31.12.2006		31.12.2007	31.12.2006
Non-current assets			Sales Turnover	25.817.738,34	20.743.345,20
Tangible fixed assets	8.358.170,01	8.737.598,96	Cost of goods sold	-13.068.041,92	-11.202.810,33
Intangible fixed assets	83.311,32	21.886,56	Gross profit	12.749.696,42	9.540.534,87
Investing activities and other long term recievables	132.824,31	96.765,94	Other income	48.541,54	79.417,92
Current assents			Administration expenses Selling and Distribution expenses	-1.235.623,23 -6.644.878,88	-973.115,10 -4.881.244,80
Inventories	4.427.237,37	3.550.394,34	Research and Development expenses	-159.785,45	-116.197,08
Trade debtors	14.827.625,01	13.297.972,00	Profit/(loss) before tax, interest,
Short term investing activities	21.624,40	13.108,00	investing results and depreciation	4.757.950,40	3.649.395,81
Other assets	464.763,83	304.948,25	Depreciation	-519.274,03	-524.103,20
Cash and cash equivalents	1.155.926,46	351.041,97	Profit/(loss) before tax, interest,
			and investing results	4.238.676,37	3.125.292,61
TOTAL ASSETS	29.471.482,71	26.373.716,02	Financing activities expenses	-493.568,40	-324.274,67
			Profit/(loss) before tax	3.745.107,97	2.801.017,94
			Less:Taxes	-890.717,77	-1.059.080,13
SHAREHOLDERS' EQUITY AND LIABILITIES			Profit/(loss) after tax from continued operations (a)	2.854.390,20	1.741.937,81
			Profit/(loss) after tax from discontinued operations (b)	0,00	0,00
Long term liabilities			Profit/(loss) after tax (continued and
Borrowings	3.332.800,00	4.347.826,10	discontinued operations) (a) + (b)	2.854.390,20	1.741.937,81
Other long term liabilities	690.464,35	747.415,72	Distribution:
			Company's shareholders	2.854.390,20	1.741.937,81
Short term liabilities			Minority Shareholders'	0,00	0,00
Debts to trade creditors	2.772.239,77	2.486.442,27	Profit after tax per share in (€)	0,130	0,080
Borrowings	1.630.610,57	828.868,45	Intended dividend per share - in Euro€	0,08	0,06
Other short term liabilities	4.620.940,23	3.086.207,69
Total liabilities (a)	13.047.054,92	11.496.760,23
			STATEMENT OF CHANGES IN EQUITY
Share capital and Reserves			Amounts expressed in €		COMPANY
Paid up share capital	8.313.146,00	8.313.146,00		31.12.2007	31.12.2006
Share premium	74.509,17	74.509,17
Reserves	1.464.844,03	1.369.022,72	Opening balance (01.01.2007& 01.01.2006 respectively)	14.876.955,79	14.224.116,48
Profits	6.571.928,59	5.120.277,90	Year's Profit / (loss) after taxes	2.435.537,23	1.203.228,65
Total Shareholders Equity (b)	16.424.427,79	14.876.955,79	Dividends	-1.312.602,00	-1.093.835,00
Minority Rights ( c) Total Equity (d) = (b) +( c)	0,00 16.424.427,79	0,00 14.876.955,79	Net income towards equity Bought / (Sold) own shares	5.683,80 0,00	0,00 0,00
TOTAL SHAREHOLDERS EQUITY AND LIABILITIES (e) = (a) + (d)	29.471.482,71	26.373.716,02	Year end equity (30.06.2007 & 30.06.2006 respectively)	16.005.574,82	14.333.510,13
CASH FLOW STATEMENT
Amounts expressed in €		ΕΤΑΙΡΕΙΑ
	1.1-	1.1 -	Notes:
Operating activities	31.12.2007	31.12.2006
Profit before tax	3.745.107,97	2.801.017,94	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 taxation 1. 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 can not be
Increase / Decrease adjustments for:			projected at this time and therefore no relevant projection has been made that depicts the effect on the financial statements.
Depreciation	519.274,03	524.103,20	2. No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented.
Previsions	9.768,53	82.269,88	3. There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts.
Investing Activities Results (income, expences, profit & loss)	5.683,80	0,00	4. There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Interest Expense	528.690,35	348.676,20	5. .The company does not report on a consolidated basis, or are its financial statements consolidated with another company's.
Increase / Decrease adjustments for working capital:			6. There is no mortgaging over company's fixed assets.
Decrease/(increase) in inventories	-876.843,03	-315.304,71	7.
Decrease/(increase) in receivables	-1.689.468,59	-966.377,47	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 condition.
(Decrease)/increase in current liabilities (excluding borrowings)	1.655.934,66	-1.218.414,97	8. The number of staff employed by the Company as at the end of period is 58 and it was 55 at the end of the respective period.
Minus :			9.
Interest Received	-528.690,35	-348.676,20	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.

Income taxes paid -848.277,54 -847.549,57 10. 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 Total cash flows from operating activities (a) 2.521.179,83 59.744,30 period, which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:

Investing Activities a) Sales of goods and services 0,00

Purchase of tangible and intangible assets	-201.269,84	-150.648,45	b) Purchase of goods and services		0,00
Proceeds from sales of tangible and intangible assets	0,00	12.010,71	c) Trade debtors		0,00
Proceeds from sales (puschase) of securities	-7.752,21	0,00	d) Liabilities		0,00
Interest income	18.612,69	18.601,53	e) Transactions & salaries of managerial staff and the board		625.454,25
Dividends income	0,00	0,00	f) Receivables fron managerial staff and the board		0,00
Total cash flows from ivnesting activities (b)	-190.409,36	-120.036,21	g) Liabilities towards managerial staff and te board		0,00
Financing activities
Proceeds from share capital increase	0,00	0,00
Proceeds from borrowings	-213.283,98	1.579.356,46
Borrowings paid	0,00	0,00
Dividends paid	-1.312.602,00	-1.442.785,00	Thessaloniki, February 29th 2008
Total cash flows from Financing activities ( c)	-1.525.885,98	136.571,46	CHAIR-MAN OF THE B.O.D.			HEAD ACCOUNTANT
Net increase / (Decrease) in cash				VICE-PRESIDENT	FINANCE DIRECTOR & MEMBER OF THE B.O.D.
and cash equivalents (a) + (b) + ( c)	804.884,49	76.279,55
Cash and cash equivalents opening balance	351.041,97	274.762,42	ANDREADIS K. EUSTRATIOS	ANASTASIA ANDREADOU	PAPASPUROU V. PANAGIOTIS	BAGIOKI Ι. OLYMBIA
Cash and cash equivalents closing balance	1.155.926,46	351.041,97	ΑΒ 691316	Μ 371650	ΑΕ 032224	ΑΕ 671215

COMPANY
ιαλό παιχνίδι

Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107 Headquarters: Municipality of Oraiokastro County of Thessaloniki In agreance with decision 2/396/31.08.2006 of the Hellenic Comission of Market Capitalization The figures presented below provide information about the financial position of AS COMPANY S.A. AS COMPANY S.A. FINANCIAL STATEMENTS INFORMATION January 1st 2007 ended in December 31st 2007

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.