Quarterly Report • Sep 28, 2015
Quarterly Report
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01/01-
01/04-
01/04-
| 30/06/2007 | 30/06/2006 | 30/06/2007 | 30/06/2006 | 30/06/2007 | 30/06/2006 | 30/06/2007 | 30/06/2006 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | Sale Proceeds | 378.817 | 381.967 | 199.001 | 202.170 | 102.505 | 106.712 | 62.056 65.401 | |||||
| Tangible assets | 307.857 | 209.623 | 222.241 | 168.091 Less: Cost of Sales | -233.565 -223.819 | -121.256 | -125.636 | -51.043 | -35.911 | -32.611 -18.966 | |||
| Inventories | 33.259 | 25.034 | 28.431 | 20.573 Gross Profit / (Loss) | 145.252 | 158.148 | 77.745 | 76.534 | 51.462 | 70.801 | 29.445 46.435 | ||
| Trade Accounts Receivable | 114.940 | 90.558 | 130.788 | 116.985 | |||||||||
| Other assets | 345.817 | 467.902 | 168.850 | 242.016 Other Income | 7.745 | 1.116 | -12.692 | -4.290 | 25 | 48 | 20 | 6 | |
| TOTAL ASSETS | 801.873 | 793.117 | 550.310 | 547.665 Selling Expenses | -17.373 | -20.598 | -8.769 | -12.915 | -3.523 | -4.041 | -1.924 -2.193 | ||
| Admininstrative Costs | -26.123 | -20.785 | -16.142 | -11.427 | -5.919 | -6.682 | -3.321 -3.756 | ||||||
| LIABILITIES | Research and Development Costs | -3.956 | -4.575 | -2.098 | -2.554 | -3.965 | -4.575 | -2.107 -2.554 | |||||
| Long-term Debt | 339.421 | 310.004 | 268.963 | 265.997 Other Operating Expenses | -256 | -531 | -119 | 387 | - | - | - | - | |
| Short-term Borrowing and Current Portion of L-T Debt | 34.838 | 44.796 | 10.000 | 32.000 EBIT | 105.289 | 112.775 | 37.925 | 45.735 | 38.080 | 55.551 | 22.113 37.938 | ||
| Other Short-term Liabilities | 130.067 | 148.265 | 64.150 | 89.255 | |||||||||
| Total Liabilities (a) | 504.326 | 503.065 | 343.113 | 387.252 EBITDA | 120.569 | 122.716 | 46.476 | 50.928 | 42.074 | 59.087 | 24.118 39.739 | ||
| Share Capital | 29.154 | 29.154 | 29.154 | 29.154 0 | |||||||||
| Other Equity components | 202.136 | 174.722 | 178.043 | 131.259 Interest and similar charges | -12.792 | -6.854 | -5.921 | -1.879 | -8.375 | -2.436 | -3.856 | -930 | |
| Total Shareholders Equity (b) | 231.290 | 203.876 | 207.197 | 160.413 Interest and related income | 12.951 | 8.703 | 5.648 | 4.894 | 53.475 | 10.638 | 35.028 10.440 | ||
| Minority Interest (c ) | 66.257 | 86.176 | - | - Exchange differences | -1.737 | -551 | -1.552 | -309 | 2.172 | -1.182 | 1.186 | -914 | |
| Total Equity (d)= (b)+(c ) | 297.547 | 290.052 | 207.197 | 160.413 Operating Profit / (Loss) before tax | 103.711 | 114.073 | 36.100 | 48.441 | 85.352 | 62.571 | 54.471 46.534 | ||
| TOTAL EQUITY AND LIABILITIES (a) + (d) | 801.873 | 793.117 | 550.310 | 547.665 0 Less taxes: | -22.648 | -29.327 | -9.460 | -7.141 | -10.469 | -17.267 | -6.790 -11.061 | ||
| Net Profit / Loss from Continuing Operations (a) | 81.063 | 84.746 | 26.640 | 41.300 | 74.883 | 45.304 | 47.681 35.473 | ||||||
| Net Profit / Loss from Discontinuing Operations (b) | - | - | - | - | - | - | - | - | |||||
| Net Profit / Loss (Continuing and Discontinuing Operations) | |||||||||||||
| (a) + (b) | 81.063 | 84.746 | 26.640 | 41.300 | 74.883 | 45.304 | 47.681 35.473 | ||||||
| 3. CONDENSED STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY | Attributable to: | ||||||||||||
| Equity holders of the parent | |||||||||||||
| GROUP | COMPANY | 57.609 | 55.238 | 23.491 | 31.273 | 74.883 | 45.304 | 47.681 35.473 | |||||
| 30/6/2007 | 30/6/2006 | 30/6/2007 | 30/6/2006 Minority Interest | 23.454 | 29.508 | 3.149 | 10.027 | - | - | - | - | ||
| Net equity of period Opening Balance (1.01.2007 and | |||||||||||||
| 1.01.2006 respectively) | 290.052 | 201.239 | 160.413 | 119.622 Earnings after taxes per share | |||||||||
| Profit for the year after taxes | 81.063 | 84.746 | 74.883 | 45.304 basic (€) | 0,73 | 0,71 | 0,30 | 0,40 | 0,95 | 0,58 | 0,60 | 0,45 | |
| Share Capital Increase / (Decrease) | - | - | - | - diluted (in €) | 0,73 | 0,71 | 0,30 | 0,40 | 0,95 | 0,58 | 0,60 | 0,45 | |
| Dividends Distributed | -81.842 | -40.927 | -29.271 | -35.386 |
| 1. CONDENSED BALANCE SHEET GROUP / COMPANY | 2. CONDENSED INCOME STATEMENT GROUP / COMPANY | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GROUP | COMPANY | COMPANY | ||||||||
| 30/6/2007 | 31/12/2006 | 30/6/2007 31/12/2006 | 01/01- 30/06/2007 |
01/01- 30/06/2006 |
01/04- 30/06/2007 |
01/04- 30/06/2006 |
01/01- 30/06/2007 |
|||
| ASSETS | Sale Proceeds | 378.817 | 381.967 | 199.001 | 202.170 | 102.505 | ||||
| Tangible assets | 307.857 | 209.623 | 222.241 | 168.091 Less: Cost of Sales | -233.565 -223.819 | -121.256 | -125.636 | -51.043 | ||
| Inventories | 33.259 | 25.034 | 28.431 | 20.573 Gross Profit / (Loss) | 145.252 | 158.148 | 77.745 | 76.534 | 51.462 | |
| Trade Accounts Receivable | 114.940 | 90.558 | 130.788 | 116.985 | ||||||
| Other assets | 345.817 | 467.902 | 168.850 | 242.016 Other Income | 7.745 | 1.116 | -12.692 | -4.290 | 25 | |
| TOTAL ASSETS | 801.873 | 793.117 | 550.310 | 547.665 Selling Expenses | -17.373 | -20.598 | -8.769 | -12.915 | -3.523 | |
| Admininstrative Costs | -26.123 | -20.785 | -16.142 | -11.427 | -5.919 | |||||
| LIABILITIES | Research and Development Costs | -3.956 | -4.575 | -2.098 | -2.554 | -3.965 | ||||
| Long-term Debt | 339.421 | 310.004 | 268.963 | 265.997 Other Operating Expenses | -256 | -531 | -119 | 387 | - | |
| Short-term Borrowing and Current Portion of L-T Debt | 34.838 | 44.796 | 10.000 | 32.000 EBIT | 105.289 | 112.775 | 37.925 | 45.735 | 38.080 | |
| Other Short-term Liabilities | 130.067 | 148.265 | 64.150 | 89.255 | ||||||
| Total Liabilities (a) | 504.326 | 503.065 | 343.113 | 387.252 EBITDA | 120.569 | 122.716 | 46.476 | 50.928 | 42.074 | |
| Share Capital | 29.154 | 29.154 | 29.154 | 29.154 0 | ||||||
| Other Equity components | 202.136 | 174.722 | 178.043 | 131.259 Interest and similar charges | -12.792 | -6.854 | -5.921 | -1.879 | -8.375 | |
| Total Shareholders Equity (b) | 231.290 | 203.876 | 207.197 | 160.413 Interest and related income | 12.951 | 8.703 | 5.648 | 4.894 | 53.475 | |
| Minority Interest (c ) | 66.257 | 86.176 | - | - Exchange differences | -1.737 | -551 | -1.552 | -309 | 2.172 | |
| Total Equity (d)= (b)+(c ) | 297.547 | 290.052 | 207.197 | 160.413 Operating Profit / (Loss) before tax | 103.711 | 114.073 | 36.100 | 48.441 | 85.352 | |
| GROUP | COMPANY | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 30/6/2007 | 30/6/2006 | 30/6/2007 | 30/6/2006 Minority Interest | 23.454 | 29.508 | 3.149 | 10.027 | ||
| Net equity of period Opening Balance (1.01.2007 and | |||||||||
| 1.01.2006 respectively) | 290.052 | 201.239 | 160.413 | 119.622 Earnings after taxes per share | |||||
| Profit for the year after taxes | 81.063 | 84.746 | 74.883 | 45.304 basic (€) | 0,73 | 0,71 | 0,30 | 0,40 | |
| Share Capital Increase / (Decrease) | - | - | - | - diluted (in €) | 0,73 | 0,71 | 0,30 | 0,40 | |
| Dividends Distributed | -81.842 | -40.927 | -29.271 | -35.386 | |||||
| Net Amounts Effected Directly Equity | 8.274 | -37.949 | 1.172 | 1.728 | |||||
| 4. CONDENSED CASH FLOW STATEMENT COMPANY / GROUP | |||||||||
| Net Equity of period Closing Balance (30/06/2007 and 30/06/2006 respectively) |
297.547 | 207.109 | 207.197 | 131.268 |
| Company's Name: Public Companies (S.A.) Reg. No.: Domicile: Regulatory Authority: |
INTRALOT S.A. 27074/06/Β/92/9 Kifissias 64 & Premetis 3, Marousi. Ministry of Development |
Web Site: | www.intralot.com |
|---|---|---|---|
| Date of incorporation: Core Activity: Financial Statements approval date : August 27th, 2007 |
31/07/1992 Integrated Lottery Systems and Services |
Type of Auditor's Report: Unqualified |
| I. Full Consolidation | ||||
|---|---|---|---|---|
| COMPANY | BASE | DIRECT PARTICIPATION PERCENTAGE |
INDIRECT PARTICIPATION PERCENTAGE |
|
| 10. BETTING CYPRUS LTD | Nicosia, Cyprus | 100% | ||
| INTRALOT DE CHILE SA INTRALOT DE PERU SAC |
Santiago, Chile Lima, Peru |
99,99% 99,98% |
||
| INTRALOT INC. | Atlanta, USA | 85% | operating activities: | |
| INTRALOT BETTING OPERATIONS (CYPRUS) LTD | Nicosia, Cyprus | 54,95% | ||
| ΙΝTRALOT HOLDINGS INTERNATIONAL LTD | Nicosia, Cyprus | 100% | ||
| 2. LOTROM SA | Bucharest,Romania | 60% | (Less): | |
| 2. YUGOLOT LTD | Belgrade, Serbia | 100% | ||
| 3. EUROFOOTBALL LTD | Sofia, Bulgaria | 49% | ||
| 2. INTRALOT INTERNATIONAL LTD | Nicosia, Cyprus | 100% | Investing Activities | |
| 5. INTRALOT OPERATIONS LTD | Nicosia, Cyprus | 100% | ||
| 2. WHITE EAGLE INVESTMENTS LTD | Hertfordshire, United Kingdom | 100% | ||
| 9. YUVENGA CJSC | Moscow, Russia | 24,50% | Financing Activities | |
| Moscow, Russia | 100% | |||
| 2. INTRALOT OOO | ||||
| INTRALOT ASIA PACIFIC LTD | Hong Kong, Hong Kong | 100% | ||
| INTRALOT SOUTH AFRICA LTD | Johannesburg, S. Africa | 60% | ||
| 2. INTRALOT ITALIA SRL 14. SERVICIOS TRANSDATA SA |
Rome, Italy Lima, Peru |
85% 100% |
||
| INTRALOT IBERIA SAU | Madrid, Spain | 100% | ||
| INTRALOT IBERIA HOLDINGS | Madrid, Spain | 100% | 31, 2006). | |
| 50,1% | ||||
| TECNO ACCION S.A. 16. GAMING SOLUTIONS INTERNATIONAL SAC |
Buenos Aires, Argentina Lima, Peru |
99% | ||
| 2. GAMING SOLUTIONS INTERNATIONAL LTD | Bogota, Colombia | 99% | 1% | 2,68%. |
| INTRALOT BEIJING Co LTD | Beijing, China | 100% | ||
| 2. NAFIROL SA | Montevideo, Ouragouai | 100% | ||
| 5. There are no real liens. | ||||
| II. Equity Method: BILYONER INTERAKTIF HIZMELTER AS (former LIBERO INTERAKTIF |
||||
| AS) | Istanbul, Turkey | 25% | ||
| LOTRICH INFORMATION Co. LTD | Taipei, Taiwan | 40% | ||
| INNOVATIVE SOL. CONS. GROUP INC | Manila, Philippines | 37,38% | ||
| 12. TOTAL GAMING TECHNOLOGIES INC | Manila, Philippines | 29,90% | ||
| 13. GIDANI LTD | Johannesburg, S. Africa | 13,50% | ||
| Subsidiary of the company: | ||||
| 1: Intralot Betting Operations(Cyprus)Ltd | 8: Beta Rial Sp.Zoo. | |||
| 2: Intralot Holdings International Ltd 3: Bilot EOOD |
9: Uniclic Ltd 10: Betting Company SA |
|||
| 4: Eurofootball Ltd | 11: Ιntralot Egypt LTD | |||
| 5: Ιntralot International Ltd 6: Pollot Sp.Zoo |
12: Innovative Sol. Cons. Group Inc 13: Intralot South Africa Ltd |
|||
| 7: White Eagle Investments Ltd | 14: Intralot Operations Ltd | as following: | ||
| 15: Intralot Iberia Holdings SA | ||||
| 16: Nafirol SA |
| 30/6/2007 | 30/6/2006 | |||
|---|---|---|---|---|
| Amounts reported in thousands of € | Group | Company Group | Company | |
| a) Sales of goods and services | ||||
| -to subsidiaries | - | 68.060 | - | 92.721 |
| -to other related parties | 2.691 | 2.857 | 2.538 | 1.576 |
| b) Purchases of goods and services | ||||
| -from subsidiaries | - | 3.133 | - | 5.122 |
| -from other related parties | 42.531 | 37.573 | 11.236 | 11.803 |
| c) Receivables | ||||
| -from subsidiaries | - | 119.937 | - | 80.017 |
| -from other related parties | 7.059 | 13.692 | 31.788 | 29.857 |
| d) Payables | ||||
| -to subsidiaries | - | 7.709 | - | 7.184 |
| -to other related parties | 32.481 | 22.426 | 33.646 | 32.622 |
| e) BoD and Key Management Personnel transactions and fees | 2.927 | 1.392 | - | 732 |
| f) BoD and Key Management Personnel receivables | 44 | - | - | - |
| g) BoD and Key Management Personnel payables | 135 | - | - | - |
| GROUP | COMPANY | |||||||
|---|---|---|---|---|---|---|---|---|
| Net Equity of period Closing Balance (30/06/2007 and 30/06/2006 respectively) |
297.547 | 207.109 | 207.197 131.268 |
1/1-30/06/2007 | 1/1-30/06/2006 | 1/1-30/06/2007 | 1/1-30/06/2006 | |
| Operating Activities | ||||||||
| Net Profit before Taxation | 103.711 | 114.073 | 85.352 | 62.571 | ||||
| Sypplementary information | Plus /Less adjustments for: | |||||||
| 1. The companies included in the consolidation, with the relevant addresses and the relevant participation percentages are the following: | Depreciation and Amortization | 15.244 | 9.941 | 3.994 | 3.535 | |||
| Provisions | 473 | 15.899 | 206 | 70 | ||||
| I. Full Consolidation | Exchange rate differences | 5.099 | -13.489 | 171 | 0 | |||
| Results from Investing Activities | 2.837 | 4.410 | -49.966 | -9.483 | ||||
| COMPANY | BASE | DIRECT PARTICIPATION PERCENTAGE |
INDIRECT PARTICIPATION PERCENTAGE |
|||||
| INTRALOT SA | Maroussi, Attica | Parent | Parent | Debit Interest and similar expenses | 12.626 | 6.854 | 8.375 | 2.436 |
| 5 BETTING COMPANY SA | N. Iraklion, Attica | 95% | 5% | Credit Interest | -12.951 | -8.703 | -2.405 | -217 |
| 10. BETTING CYPRUS LTD | Nicosia, Cyprus | 100% | ||||||
| INTRALOT DE CHILE SA | Santiago, Chile | 99,99% | ||||||
| INTRALOT DE PERU SAC | Lima, Peru | 99,98% | Plus/ Less adjustments of working capital to net cash or related to | |||||
| INTRALOT INC. | Atlanta, USA | 85% | operating activities: | |||||
| INTRALOT BETTING OPERATIONS (CYPRUS) LTD | Nicosia, Cyprus | 54,95% | ||||||
| 1. ROYAL HIGHGATE LTD | Paralimni, Cyprus | 3,82% | 29,39% | Decrease/(increase) of Inventories | -8.225 | -5.565 | -7.858 | -3.859 |
| POLLOT Sp.zo.o | Warsaw, Poland | 100% | Decrease/(increase) of Receivable Accounts | -52.711 | -11.786 | -54.799 | -27.179 | |
| ΜALTCO LOTTERIES LTD | Valetta, Malta | 73% | Decrease/(increase) of Payable Accounts (except Banks) | -27.602 | -17.955 | -26.181 | -2.819 | |
| ΙΝTRALOT HOLDINGS INTERNATIONAL LTD | Nicosia, Cyprus | 100% | ||||||
| 2. LOTROM SA | Bucharest,Romania | 60% | (Less): | |||||
| 2. YUGOLOT LTD | Belgrade, Serbia | 100% | ||||||
| 2. YUGOBET LTD | Belgrade, Serbia | 100% | Interest Paid and similar expenses paid | 9.865 | 6.855 | 5.615 | 2.436 | |
| 2. BILOT EOOD | Sofia, Bulgaria | 100% | Income Tax Paid | 23.861 | 29.301 | 10.015 | 5.887 | |
| 3. EUROFOOTBALL LTD | Sofia, Bulgaria | 49% | ||||||
| 4. EUROFOOTBALL PRINT LTD | Sofia, Bulgaria | 49% | Net Cash from Operating Activities (a) | 4.775 | 57.523 | -58.741 | 16.732 | |
| 2. INTRALOT INTERNATIONAL LTD | Nicosia, Cyprus | 100% | Investing Activities | |||||
| 5. INTRALOT OPERATIONS LTD | Nicosia, Cyprus | 100% | ||||||
| 2. INTRALOT BUSINESS DEVELOPMENT LTD | Nicosia, Cyprus | 100% | Purchases of subsidiaries, associates and other investments | -5.900 | -72.586 | -15.395 | -73.248 | |
| 2. INTRALOT TECHNOLOGIES LTD | Nicosia, Cyprus | 100% | Purchases of tangible and intangible assets | -74.390 | -24.360 | -1.316 | -2.763 | |
| 15. INTELTEK INTERNET AS | Istanbul, Turkey | 20% | 25% | Proceeds from sales of tangible and intangible assets | 43 | 49 | - | - |
| LOTERIA MOLDOVEI SA | Chisinau, Moldova | 47,90% | Interest received | 12.951 | 8.877 | 2.404 | 217 | |
| 6,7,8 TOTOLOTEK SA | Warsaw, Poland | 56,24% | Dividends received | - | - | 51.070 | 10.421 | |
| 2. WHITE EAGLE INVESTMENTS LTD | Hertfordshire, United Kingdom | 100% | ||||||
| 2. BETA RIAL Sp.Zoo | Warsow, Poland | 100% | Net Cash from Investing Activities (b) | -67.296 | -88.020 | 36.763 | -65.373 | |
| Moscow, Russia | 24,50% | Financing Activities | ||||||
| 9. YUVENGA CJSC 2. UNICLIC LTD |
Nicosia, Cyprus | 50% | Cash inflows from Share Capital Increase/Share Premium deposits | 244 | - | - | - | |
| 9. DOWA LTD | Nicosia, Cyprus | 30% | Cash inflows from loans | 32.808 | 112.974 | - | 90.459 | |
| INTRALOT NEW ZEALAND LTD | Wellington, New Zealand | 100% | Repayment of loans | -10.416 | -7.496 | -22.000 | - | |
| 2. ΙNTRALOT EGYPT LTD | Nicosia, Cyprus | 88,24% | Repayment of Leasing Obligations | -358 | -1.555 | - | - | |
| 11,2. E.C.E.S. SAE | Cairo, Egypt | 75,01% | Dividends paid | -81.842 | -40.927 | -29.188 | - 35.385 | |
| Moscow, Russia | 100% | |||||||
| 2. INTRALOT OOO POLDIN LTD |
Warsaw, Poland | 100% | Net Cash from Financing Activities (c ) | -59.564 | 62.996 | -51.188 | 55.074 | |
| Net increase / (decrease) in cash and cash equivalents for | -122.085 | 32.499 | -73.166 | 6.433 | ||||
| INTRALOT ASIA PACIFIC LTD | Hong Kong, Hong Kong | 100% | the period (a) + (b) + (c ) | |||||
| INTRALOT AUSTRALIA PTY LTD | Melbourne, Australia | 100% 60% |
Cash and cash equivalents at the beginning of the year | 467.902 | 157.326 | 242.016 | 21.398 | |
| INTRALOT SOUTH AFRICA LTD INTRALOT LUXEMBOURG SA |
Johannesburg, S. Africa | 100% | Cash and cash equivalents at the end of the year | 345.817 | 189.825 | 168.850 | 27.831 | |
| 2. INTRALOT ITALIA SRL | Luxembourg, Luxembourg Rome, Italy |
85% | ||||||
provision of support services for the betting game amounts to € 96,5 millions. 12.The Group buy out on 05/01/07 the 50,1% of TechnoAccion SA based in Argentina, for the amount of 8.361 thousands € 13. The amounts of sales, purchases of goods and services, accounts receivable and liabilities of the Company and the Group with related parties are analysed as following:
GROUP GROUP COMPANY
| THE CHAIRMAN | THE VICE-CHAIRMAN OF THE BOARD | THE GENERAL DIRECTOR OF FINANCE | THE ACCOUNTING DIRECTOR | ||
|---|---|---|---|---|---|
| OF THE BOARD OF DIRECTORS | OF DIRECTORS AND CEO | AND BUSINESS DEVELOPMENT | |||
| S. P.KOKKALIS ID. No Π 695792 |
C.G. ANTONOPOULOS ID. No. M 102737 |
I. O. PANTOLEON ID. No. Σ 637090 |
E.N. LANARA ID. No. AB 606682 H.E.C. License No. 133/A' Class |
8.There are no legal issues with material effect on the financial position of the Group. 9. The personnel employed of the Company and the Group as at the end of the first semester of 2007 is 427 and 3.665 respectively.For the first semester of 2006, the personnel employed of the Company and the Group was 369 and 2.902 respectively. 10. Following the share option, during 2006, the share capital was increased A) 6.969,32€ with the issue of 18.836 nominal shares with a nominal value of € 0,37 each. Payment of this amount was confirmed by the Board of Directors on 18/12/2006 while the share capital increase and confirmation of this amount were approved by decisions K2- 18150/22-12-2006 and K2-18151/22-12-2006 of the Ministry of Development and B) 353.847,65€ with the issue of 956.345 nominal shares with a nominal
consolidation have not undergone tax authorities fiscal control for the last one to five fiscal years. 5. There are no real liens.
The same accounting policies and methods of computation have been followed as compared with the previous year's annual consolidated financial statements (December 31, 2006).
The company has not undergone tax authorities fiscal control for the period 01/01-31/12/2006 and 01/01-30/06/2007, while the rest companies that are included in the 3. The companies included in the consolidation of 30/06/2007 and not in the consolidation of 30/06/2006 due to subsequent acquisition are the following: E.C.E.S. SAE, INTRALOT OOO, POLDIN LTD, INTRALOT ASIA PACIFIC LTD, INTRALOT AUSTRALIA PTY LTD, INTRALOT SOUTH AFRICA LTD, INTRALOT LUXEMBOURG SA, INTRALOT ITALIA SRL, SERVICIOS TRANSDATA SA, LOTRICH INFORMATION Co. LTD, INNOVATIVE SOL. CONS. GROUP INC, TOTAL GAMING TECHNOLOGIES INC, GIDANI LTD, INTRALOT IBERIA SAU, INTRALOT IBERIA HOLDINGS SA, TECNO ACCION S.A., GAMING SOLUTIONS INTERNATIONAL LTD, GAMING SOLUTIONS INTERNATIONAL SAC, INTRALOT BEIJING CO LTD,NAFIROL SA. Instant Lottery Group SA is not consolidated this period, on the contrary to the previous one due to our participation decline to 2,68%.
Certified Auditor : George Karamichalis A.M/S.O.E.L 15931 Auditor Firm: S.O.L A.E. A.M. /S.0.E.L. 125 Web Site: www.intralot.com
- In the Liabilities accounts "Other Short-term Liabilities" and "Long Term Debt"are included amounts of € 2,8 millions and € 5,9 millions respectively that represent provision for contingent cost excess concerning betting games at pre-determined yield.
All following data and information aim to provide a general briefing for the financial position and the results of INTRALOT Group. Therefore, it is recommended to any reader who is willing to proceed to any kind of investment decision or transaction, moreover to obtain a more complete picture of these financial position and results, to visit INTRALOT web site (www.intralot.com) where the Interim Condensed Financial Statements, as they are prepared according to IFRS, are posted, accompanied by the Auditors Opinion, where it is necessary.
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