Autohellas S.A. — Annual Report 2007

Oct 1, 2015

	BAL ANC E SH EET Figu res i n (€)
	Con solid	ated	Com pany
	31/1 2/20 07	31/1 2/20 06	31/1 2/20 07	31/1 2/20 06
ASS ETS
Non- nt As sets curre	313, 781, 664. 54	264, 095, 539. 36	300, 436, 046. 07	257, 474, 905. 38
Inven torie s
Othe r Ass ets
TOT AL A SSE TS
LIAB ILITI ES
Shor t-Ter m Ba nk Li abilit ies
Othe r-Sho rt ter m lia bilitie s
Shar ehold quity ers e	11,6 35,2 00.0 0	11,55 8,40 0.00	11,63 5,20 0.00	11,55 8,40 0.00

			ANC BAL	E SH EET
	Con solid	ated	Figu res i Com	n (€)
				pany
	31/1 2/20 07	31/1 2/20 06	31/1 2/20 07	31/1 2/20 06
ASS ETS Non- nt As sets curre	313, 781, 664. 54	264, 095, 539. 36	300, 436, 046. 07	257, 474, 905. 38
Inven torie s	1,022 ,247 .93	936, 921. 99	49,5 86.0	0 37,5 54.8 0
Trad e Re ceiva bles	21,5 66,7 95.2 6	21,7 69,3 75.1	1 18,67 9,40 1.59	20,4 03,9 87.2 6
Othe r Ass ets	32,3 08,8 65.2 1	47,3 25,5 92.7	6 30,9 30,2 71.3	7 46,3 19,02 9.91
TOT AL A SSE TS	368, 679, 572. 94	334, 127,4 29.2	2 350, 095, 305. 03	324, 235, 477. 35
LIAB ILITI ES
Long Term Borr owin g	165,9 88,7 03.2 5	163,4 32,0 77.2	8 165,9 88,7 03.2	5 163,4 32,0 77.2 8
Shor t-Ter m Ba nk Li abilit ies	9,49 2,39 8.83	11,14 0,71 1.66	0.00	7,33 6,75 7.15
Othe r-Sho rt ter m lia bilitie s	46,2 54,7 15.3 1	42,8 88,5 47.4	1 42,4 24,5 93.0	2 41,1 22,7 17.22
Tota l Liab ilities (a)	221, 735, 817. 39	217, 461, 336. 35	208, 413, 296. 27	211, 891, 551. 65
Shar ehold quity ers e	11,6 35,2 00.0 0	11,55 8,40 0.00	11,63 5,20 0.00	11,55 8,40 0.00
Othe ity as sets r equ Tota l sha reho lders	134,4 63,6 12.33 146,0 98,8 12.33	104,3 47,8 52.5 115,9 06,2 52.5	6 130,0 46,8 08.7 6 141,6 82,0 08.7	6 100,7 85,5 25.7 0 6 112,3 43,9 25.7 0
ity (b ) equ ts ( c ) Mino rity in teres	844, 943. 22	759, 840. 31	0.00	0.00
Tota l Equ ity (d ) = (b )+( c )	146,9 43,7 55.5 5	116,6 66,0 92.8	141,6 82,0 08.7 7	6 112,3 43,9 25.7 0
ity a iabil ities (e)= (a) + (d) Tota l Equ nd L	368, 679, 572. 94	334, 127,4 29.2	2 350, 095, 305. 03	324, 235, 477. 35
			PRO FIT A ND L OSS	ACC OUN TS
		(PER IOD	: 1st of J anua ry un	til 31 st of Dec emb er 20
			Figu res i	n (€)
	Con solid	ated	Com	pany
	01.0 1-31 .12.2 007	01.0 1-31 .12.2 006	01.0 1-31 .12.2 007	01.0 1-31 .12.2 006
Turn over	126,9 57,1 04.8 2	116,8 65,9 64.5 7	115,7 04,2 54.4 7	107,0 54,4 96.9 3
Less : Cos t of s ales	96,6 22,3 28.4 1	91,5 20,5 73.8 3	88,1 79,6 00.7 9	83,7 22,5 26.2 4
Gros s Pro fit Plus : Oth erati	30,3 34,7 76.4 1 7.06	25,3 45,3 90.7 4 7.74	27,5 24,6 53.6 8 2.23	23,3 31,9 70.6 9 2.10
ng in er op come Less :Adm instra tive e	9,32 3,67 7.75	10,88 8,88 7.65	8,66 3,69 0.51	10,27 2,43 1.30
xpen ses Distr ibutio ense	9,47 0,91 3,16 2,82 9.05	8,48 6,47 2,80 9,34 5.94	8,54 2,03 1,823 ,097 .23	1,24 7,75 1,82 1,715 .07
n exp s Othe r exp ense s	90,2 53.2 6	63,1 07.5 5	46,2 38.9 2	59,3 44.1 7
Earn ings befo x , fin ancia l and re ta
inves tmen t act ivitie s	26,9 34,4 53.4 1	24,8 75,3 47.3 4	25,7 76,9 79.2 5	23,9 72,1 02.2 5
Earn ings befo re ta x,fina ncial
activ ities, inves ivitie s and tmen t act
depr eciat ions	75,0 74,9 05.5 4	69,0 74,4 01.5 9	69,8 13,13 5.05	65,3 21,2 08.1 0
Net F inanc ial co st	6,29 9,05 8.77	4,52 7,23 9.36	5,62 9,14 0.26	4,38 0,49 3.27
Plus : Gai n/Lo ss fro m aff iliate d co nies mpa Plus :Inco me f ion in siate d	38,4 43.5 3	4,00 3,35 6.57	38,4 43.5 3	4,00 3,35 6.57
parti cipat rom asso panie com s	650. 40	-720 .00	0.00	0.00
Less recia tion	690, 52.1 3	,122 54.2 5	55.8 0	05.8 5
:Dep expe nses	48,1 40,4	44,1 99,0	44,0 36,1	41,3 49,1
Less :Dep recia tion inclu ded in op erati st	48,1 40,4 52.1 3	44,1 99,0 54.2 5	44,0 36,1 55.8 0	41,3 49,1 05.8 5
ng co Earn ings befo re Ta x	21,3 64,4 88.5 7	23,6 31,3 42.5 5	20,1 86,2 82.5 2	23,5 94,9 65.5 5
Incom e Ta x	5,83 9,02 0.37	5,60 2,87 6.70	5,72 5,64 3.45	5,48 8,61 4.20
Earn ings Afte r Tax	15,52 5,46 8.20	18,02 8,46 5.85	14,46 0,63 9.07	18,1 06,3 51.3 5
Attri buta ble t o:
Shar ehold ers	15,44 0,36 5.29	17,97 4,15 4.19	14,46 0,63 9.07	18,10 6,35 1.35
Mino rity in teres t	85,1 02.9 1	54,3 11.66	0.00	0.00

Net earnings per share - basic (€) 0.42 0.50 0.40 0.50 Proposed dividend per share 0.18 0.25

CHIEF FINANCIAL OFFICER

ACCOUNTING Dpt DIRECTOR

Company INFORMATION FOR THE STATEMENT OF CHANGES IN EQUITY FOR THE FISCAL YEAR 2007 Figures in (€)

GARYFALLIA A. PELEKANOU KONSTANTINOS F. SIAMPANIS

Consolidated

AUTOHELLAS S.A.

CONCISE SUMMARY OF THE FINANCIAL STATEMENTS FOR THE PERIOD 01.01.2007 - 31.12.2007 (PUBLISHED ACCORDING TO SENTENCE 2/396/31.08.2006, FROM THE BOARD OF DIRECTORS OF THE HELLENIC CAPITAL MARKET COMMITTEE)

	31/1 2/20 07	31/1 2/20 06	31/1 2/20 07	31/1 2/20 06
Equi ty ba lance at th e be ginn ing o f the Yea r (1.1. 2007 & 1. 1.200 6)	116,6 66,0 92.8 7	109,9 86,5 47.9 8	112,3 43,9 25.7 0	105,5 61,1 30.9 2
Profi t/loss for t he p eriod (afte ) r tax	15,52 5,46 8.20	18,02 8,46 5.85	14,46 0,63 9.07	18,10 6,35 1.35
Shar e Ca pital incre (dec e) ase reas	480, 000. 00	0.00	480, 000. 00	0.00
Divid ends	-9,07 6,13 4.38	-7,58 5,20 0.00	-9,03 0,00 0.00	-7,58 5,20 0.00
Incom e cha rged dire ctly t uity o eq	23,3 48,3 28.8 6	-3,76 3,72 0.96	23,4 27,4 43.9 9	-3,73 8,35 6.57
Equi ty ba lance at th d of the p eriod e en
(31.1 2.20 07 a nd 3 1.12 .2006 )	146,9 43,7 55.5 5	116,6 66,0 92.8 7	141,6 82,0 08.7 6	112,3 43,9 25.7 0
Addit ional Inform ation :
1. Gro ies in clude d in t he co nsolid ated up co mpan l Con Ful solida tion m ethod :	finan cial s tatem ents w ith the	ir res pectiv e loca tions	and p tages of ow ercen	nersh ip are as fo llows :	NON-A UDITE D FISC AL YE ARS
Aut ohella s SA , Athe ns, G reece	Paren t				2006 -2007
Aut otech nica L td, So fia , B ulgar ia 99.99 %					2003 -2007
De msta r Ren tals 2 005 L TD, N icosia , Cyp rus	75%	(First olidat ion 3 1.12.2 cons	005 - estab lishm ent in	2005 )	2005 -2007
Aut otech inca F leet S ervice s S.R .L. Bu chare st ,Ro	mania 100%	(First olidat ion 3 1.03.2 cons	007 - estab lishm ent in	2007 )	2007
Net positi on Co nsolid ation meth od :

The figures and information below provide a concise summary of the financial statements and earnings of AUTOHELLAS S.A. We strongly suggest to any person interested in investing to Autohellas or to proceed to any other transaction with Autohellas to read the financial statements as indicated by the International Accounting Financial Standards (IFRS), which are presented in out website www.hertz.gr, along with the independent auditor's report, when this is required.

	COM PANY	INFO RMAT ION :
--	-------------	-----------------------

REGISTERED OFFICE ADDRESS :31 VILTANIOTI str, KIFISSIA DATE OF APPROVAL OF THE FINANCIAL STATEMENTS BY THE BOARD OF DIRECTORS: 27.02.2008

SOCIETE ANONYME REG. No :851/06/Β/86/43 CERTIFIED AUDITOR-ACCOUNTANT :PANAGIOTIS VROUSTOURIS AUDITING FIRM: S.Ο.L. S.A., TYPE OF AUDITORS' AUDIT REPORT : IN AGREEMENT

Piraeus Best Leasing,Athens 48.08% 2003-2007

Eltrekka A.E., Nea Kifisia 50% (first consolidation 30/09/05- due to the increase of our share in the company's capital) 2003-2007

1. There has been no change in the accounting principles as applied in the consolidated Financial Statements on the 31.12.2006. There are no changes in accounting methods and estimations in comparison with the previous fiscal year, with the exception of the vehicles depreciation rate. This is thoroughly explained under note 31 of the company's published Financial Statements 31.12.2007. 3. Autohellas SA has been tax audited up to the fiscal year 2005.Tax audit for the fiscal years 2003-2005 was concluded in September 2007, which resulted in an additional tax obligation of €563,008 For the remaining un-audited

fiscal years a relevant provision has been made. In February 2004 tax audit for Autotechnica Ltd was concluded for the fiscal years 1998 and up to 2002 and additional taxes of €75,000 rose, for which Autohellas SA appealed against legally.

4.There are no pledges on the company's assets.

5.There are no litigations or any rule of court which might have an important impact on the financial position of Autohellas SA.

6.Number of employees on the 31.12.2007: Group 525, Parent company: 416, on the 31.12.2006: Group 478, Parent company402.

7.The amount of sales and purchases (of goods and services) from the beginning of the period and the receivables and payables between the group and the company according to IAS 24 as well as any transactions between the group and the company and key management personnel and members of the Board are as follows: Figures in (€) Group Company a) Sales of goods and services 7,709,769.46 8,236,104.05 b)Sales of tangible assets 5,255,007.90 5,255,007.90 c) Purchase of goods and services 35,785,822.68 35,785,822.68 d) Receivables 970,394.18 1,092,472.20 e) Payables 5,513,875.11 5,513,875.11 f) Board members and key management personnel remuneration & other benefits 2,577,146.92 2,435,489.05 g) Amounts owed by key management personnel and Board members 0.00 0.00 h) Amounts owed to key management personnel and Board members 0.00 0.00

• 1. Capital expenditure for the period 01.01-31.12.2007: Group € 116.8 mill, Parent Company € 104.9mill.
• 9.The above financial statements have been approved by the company's Board of Directors on February 27th 2008.