ASSA ABLOY

Quarterly Report • 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 March 31st 2011 Published according to the decision 4/507/28.04.2009 of the B.O.D. of Helenic Republic Capital Market Commission 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 web site Approval date from the B.O.D.	: www.ascompany.gr
for annual financial statements	: May 27th 2011
1. BALANCE SHEET				2. STATEMENT OF COMPREHENSIVE INCOME
Amounts expressed in €		COMPANY	Amounts expressed in €		COMPANY
ASSETS	31.03.2011 31 03 2011	31.12.2010 31 12 2010		11t 1.1 to	11t 1.1 to
				31.03.2011	31.03.2010
Tangible fixed assets	7.863.154,03	7.846.303,92
Intangible fixed assets Other non-current assets	51.291,77 267.637,95	40.751,42 269.985,25	Sales Turnover Gross profit / (loss)	4.584.380,76 2.567.837,07	7.958.960,95 4.482.361,19
Inventories	5.155.312,26	5.605.117,57	Profit/(loss) before tax, interest,
Trade debtors	15.649.207,26	12.718.906,55	investing results	909.050,43	1.639.477,44
Other current assets	3.565.918,07	4.682.732,15	Profit/(loss) before tax	882.072,11	1.604.541,12
TOTAL ASSETS	32.552.521,34	31.163.796,86	Profit/(loss) after tax (Α)	691.584,30	1.216.886,77
			- Owners of the parent	691.584,30	1.216.886,77
SHAREHOLDERS' EQUITY AND LIABILITIES			- Minority Shareholders'	0,00	0,00
Paid up share capital	8.313.146,00	8.313.146,00	Other Profit/(loss) after tax (Β)	0,00	0,00
Other shareholders' equity	9.939.107,39	9.247.523,09	Total Profit
Total Shareholder's Equity (a)	18.252.253,39	17.560.669,09	after tax (Α) + (Β)	691.584,30	1.216.886,77
			- Owners of the parent	691.584,30	1.216.886,77
Minority Rights (b)	0,00	0,00	-Minority Shareholders'	0,00	0,00
Total Equity (c) = (a) + (b)	18.252.253,39	17.560.669,09	Profit after tax per share in (€)	0,0316	0,0556
Long term liabilities	6.134.800,00	6.134.800,00
Provisions / Other long term liabilities Provisions / Other long term	1 021 799 32 1.021.799,32	945 591 94 945.591,94	Profit/(loss) before tax interest Profit/(loss) before tax, interest,
Short term borrowing liabilities	801.900,00	1.069.200,00	investing results and depreciation	1.017.546,01	1.749.558,14
Other short term liabilities	6.341.768,63	5.453.535,83
Total liabilities (d)	14.300.267,95	13.603.127,77	3. STATEMENT OF CHANGES IN EQUITY
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	32.552.521,34	31.163.796,86	Amounts expressed in €
					COMPANY
				31.03.2011	31.03.2010
4. CASH FLOW STATEMENT			Opening balance
Amounts expressed in €		COMPANY	(01.01.2011 & 01.01.2010 accordingly) Year's Profit / (loss)	17.560.669,09	18.308.829,91
	1.1 to	1.1 to	after taxes	691.584,30	1.216.886,77
	31.03.2011	31.03.2010	Dividends	0,00	0,00
Operating activities			Net income towards equity	0,00	0,00
Profit before tax	882.072,11	1.604.541,12	Year's end equity
Increase / Decrease adjustments for: Depreciation	108.495,59	110.080,70	(31.03.2011 & 31.03.2010 accordingly)	18.252.253,39	19.525.716,68
Previsions	-20.000,00	0,00
Foreign Exchange Differences	-135.600,49	-64.544,13	5. ΠΡΟΣΘΕΤΑ ΣΤΟΙΧΕΙΑ ΚΑΙ ΠΛΗΡΟΦΟΡΙΕΣ
Investing Activities Results (income, expences, profit & loss)	189.713,81	58.408,15
Interest Expense	48.296,73	38.123,55	1. In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous period.
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories Decrease/(increase) in receivables	449.805,31 -2.848.177,02	-804.692,28 -3.360.235,00	There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding 2. last year. During fiscal year 2011 the company changed the stock valuation method. (please see note 4.5 in financial statement notes).
(Decrease)/increase in current liabilities (excluding borrowings)	800.489,67	1.414.435,01
Minus :			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
Interest Paid	-48.296,73	-38.123,55	any operation.
Income taxes paid	-62.705,04	0,00	There were no changes in the company's fiscal year period, therefore all information presented is comparable. 4.
Total cash flows from operating activities (a)	-635.906,06	-1.042.006,43
Investing Activities			The Financial Statements are not included in other consolidated financial statements published by other companies. The company had consolidated financial 5.
Subsidiary	0,00	0,00	statements up to 2009 including figures of subsidiary COSMOKID S.A. which was absorded by mother company in 2009.
Purchase of tangible and intangible assets	-163.920,86	-21.884,73
Proceeds from sales of tangible and intangible assets	27.934,80	0,00
Proceeds from sales of securities	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 Dividends income	21.831,63 0,00	4.398,23 0,00	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 € 305.000,00 while other provisions amount to € 1.441.350,82. (please see note 5.5 in financial statement notes).
Total cash flows from ivnesting activities (b)	-114.154,43	-17.486,50
Financing activities
Proceeds from Subsidiary	0,00	0,00	7. The number of staff employed by the Company was 69 employees (+27 seasonal) as at the end of the reported period and was 77 employees accordingly at

Net increase / (Decrease) in cash COMPANY and cash equivalents (a) + (b) + (c) -1.043.326,74 630.731,88 a) Sales of goods and services 0,00 Cash and cash equivalents opening balance 3.905.610,38 2.869.849,86 b) Purchase of goods and services 0,00 Cash and cash equivalents closing balance 2.862.283,64 3.500.581,74 c) Trade debtors 0,00

FINANCE DIRECTOR PANAGIOTIS V. PAPASPYROU Identity Card No ΑΕ 032224 License: 0019079 A' Class

the end of the previous respective period.

d) Liabilities 0,00 e) Transactions & salaries of managerial staff and the board 160.606,24 f) Receivables fron managerial staff and the board 0,00 g) Liabilities towards managerial staff and the board 0,00

fiscal period which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:

Thessaloniki, May 27th 2011

The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities of the Company at the end of the

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).

Proceeds from increased capital 0,00 0,00 P df b i 267 300 00 1 716 690 95

Borrowings paid 0,00 0,00

Dividends paid 0,00 0,00 Total cash flows from Financing activities (c) -293.266,25 1.690.224,81

PRESIDENT & CEO EFSTRATIOS K. ANDREADIS Identity Card No ΑΒ 691316

Proceeds from borrowings -267.300,001.716.690,95Inflow from Government Programs 0,00 0,00 8.

Payments of leasing liabilities -25.966,25 -26.466,14 9.

VICE-PRESIDENT OF THE B.O.D. ANASTASIA E. ANDREADOU Identity Card No AH 181790