DELTA CHEMICALS SA BALANCE SHEET OF DECEMBER 31ST 2010 For the period (1.1.2010-31.12.2010) ΑΡ.Μ.Α.Δ. 21420/01ΝΣ/Β/90/35(11) AMOUNTS IN EURO FIXED ASSETS 2010 AMOUNTS 2009 AMOUNTS CAPITAL AND LIABILITIES Α. OWNERS EQUITY ACQUISITIO N VALUE Depreciations Un-Depreciated Amount ACQUISITION VALUE Depreciations Un-Depreciated Amount Ι. Share Capital B. ESTABLISHMENT EXPENSES (66.800 Named Shares of named value 30,00 ) Other establishing expenses 20.449,44 8.179,78 12.269,66 20.449,44 8.179,78 12.269,66 1. Paid up capital stock 20.449,44 8.179,78 12.269,66 20.449,44 8.179,78 12.269,66 Γ. NET FIXED ASSETS III. Revalutaion reserves -Investment subsidies & grants ΙΙ. Tangible Assets 2. Reserves from value adjustments of other assets 1. Land 50.792,35 0 50.792,35 50.792,35 0 50.792,35 3. Buildings 343.475,02 198.573,42 144.901,60 343.475,02 183.120,19 160.354,83 4. Machinery 609,89 609,84 0,05 609,89 609,84 0,05 Reserves 5. Transportation equipment 273.938,07 211.834,89 62.103,18 266.406,48 192.721,46 73.685,02 IV. 1. Statutory reserves 6. Furniture and other equipment 196.020,70 191.370,70 4.650,00 192.526,61 184.003,65 8.522,96 5. Untaxed reserves under special law provisions 814.043,68 602.388,85 262.447,18 803.018,00 560.455,14 293.355,21 ΙΙΙ. Participations and other Long Term financial assets Results carried forward 2. Particitations in other entities 31.598,00 320.773,35 V. Period's profit carried forward 3. Long term claims against subsidiaries 0,00 349.942,00 Total owners equity 7. Other Long term Claims 12.620,09 12.083,26 44.218,09 682.798,61 Total Net Fixed Assets 314.845,04 976.153,82 Γ. CURRENT ASSETS Ι. Stocks Β. PROVISIONS FOR CONTINGENCIES AND EXPENSES 1. Merchandise 2.790.690,35 2.816.317,90 1. Provision for personnel redundancy 5. Down payments for stocks 227.624,08 97.604,24 and retirement compensation 3.018.314,43 2.913.922,14 ΙΙ. Debtors 1. Customers 4.973.428,86 5.622.484,66 2. Notes receivable on hand 88.116,80 17.495,80 5 Short term claims against subsidiaries 289.929,07 704.987,07 Γ. LIABILITIES 3α. Checques receivable (postdated) 7.524.309,36 5.800.006,13 Ι. Long-term liabilities 3β. Checques receivable overdue (postdated) 423.613,71 269.209,59 1. Debenture loans 10. Doubtful and contested customers and debtors less allowances 7.324,50 430.938,21 117.752,98 386.962,57 ΙΙ. Short-term liabilities Less: Allowances 0 0 1. Suppliers 11. Sundry debtors 225.891,08 264.838,31 2α. Outstanding checks (postdated) 13.532.613,38 12.796.774,54 3. Bank accounts of short term liabilities ΙΙΙ. Securities 4. Advances from customers 1. Shares 1.125.180,50 1.125.180,50 5. Tax & duties payable 6. Insurance and pension fund dues ΙV. Cash Items 10. Dividends payable 1. Cash on hand 3.707,96 4.529,19 11. Sundry creditors 3. Sight and time deposits 714.564,42 522.334,35 718.272,38 526.863,54 Total liabilities Total Current assets (ΓΙ+ΓΙΙ+ΓΙΙΙ+ΓΙV) 18.394.380,69 17.362.740,72 Δ. Γ. CREDIT TRANSIT ACCOUNTS DEBIT TRANSIS ACCOUNTS 2. Accrued expenses 1. Prepaid expenses 3.445,00 3.530,05 2. Accrued income receivable 1.082,56 0 4.527,56 3.530,05 TOTAL OWNERS EQUITY AND LIABILITIES (Α+Β+Γ+Γ TOTAL FIXED ASSETS (Β+Γ+Γ+Δ) 18.713.753,29 18.354.694,25 CREDIT MEMO ACCOUNTS DEBIT MEMO ACCOUNTS 2. Credit balances of guarantees and collateral security 2. Debit accounts of guarantees and collateral security 171.471,64 2.158.230,18 Ι. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31ST 2010 2010 Amounts 2009 Amounts Operating results Net Turnover (sales) 23.463.636,03 24.035.416,84 Net results for the period (profits) Less: Cost of goods sold 19.813.621,20 20.221.961,97 Balance brought forward (profit) IN
ΙΙ. Gross operating (trading) profits 3.650.014,83 3.813.454,87 Less: 1. Apllicable income tax Plus: 1. Other operating income 63.610,10 50.613,49 2. Prior period tax audit adjustments Total 3.713.624,93 3.864.068,36 Profit available for appropriation Less: 1. Administrative expenses 1.055.919,95 1.263.902,28 3. Selling expenses 1.503.081,50 2.559.001,45 1.241.715,53 2.505.617,81 Profit appropriation Operating results (profits) before financial transactions 1.154.623,48 1.358.450,55 1. Statutory reserve Plus: 3. Gains on sale of participations and securities 70.000,00 0,00 2. First and additional dividend 4. Interest and related income 119.346,07 189.346,07 163.456,02 163.456,02 6α. Reserves from tax-exempt income 8. Profit carried forward Less 3. Interest charges and related expenses 438.579,01-249.232,94 468.006,55-304.550,53 905.390,54 1.053.900,02 Total operating results (profit) Extraordinary items Plus: 1.Extraordinary and non-operating income 173.960,64 194.012,60 2.Exraordinary profits 2.339,72 6.102,47 3.Prior year profits 11.227,49 0,00 Less 1.Exraordinary and non operating expenses 10.078,63 37.229,30 2.Exraordinary losses 2,37 12.223,85 President of the Bo 3.Prior year expences 1.273,82 176.173,03 0,00 150.661,92 ` Managing Direct Net income before taxes and extra depreciation (profit) 1.081.563,57 1204561,94 Less: Total depreciation recorded 63.489,97 65.456,67 Less normal depreciation (included in the operating cost) 63.489,97 65.456,67 ARISTOTEL AIVAL NET RESULTS (profits) FOR THE YEAR BEFORE TAXES 1.081.563,57 1.204.561,94 I.D. Μ 045444
2010 AMOUNTS 2009 AMOUNTS 2.004.000,00 2.004.000,00 10.485,11 10.485,11 533.742,92 500.061,71 265.913,06 265.913,06 48.440,63 0,00 848.096,61 765.974,77 1.926.967,49 1.588.627,36 4.789.549,21 4.369.087,24 8.211,95 8.211,95 3.500.000,01 781.250,00 3.222.352,34 3.925.716,99 497.760,90 222.329,35 5.746.663,05 8.025.882,41 134.879,47 85.260,52 485.794,72 582.197,15 21.920,86 21.912,24 253.165,00 300.000,00 3.154,96 4.642,27 10.365.691,30 13.167.940,93 13.865.691,31 13.949.190,93 50.300,82 28.204,13 Γ) 18.713.753,29 18.354.694,25 171.471,64 2.158.230,18 NCOME APPROPRIATION ACCOUNT 2010 AMOUNTS 2009 AMOUNTS 1.081.563,57 1.204.561,94 1.588.627,36 1.094.105,03
2.670.190,93 2.298.666,97 316.228,49 368.222,64 91.708,11 0,00 2.262.254,33 1.930.444,33 33.681,21 41.816,97 253.165,00 300.000,00 48.440,63 0,00 1.926.967,49 1.588.627,36 2.262.254,33 1.930.444,33 Athens, March 30th 2011 oard & Vice President Accountant tor LIOTIS POLIVIOS SAKELLARIOS ΑΝΝΑ ΑIVALIOTI 4 I.D. S 295232 I.D Σ 159749
10 ΓΔΛΣΑ ΥΗΜΙΚΗ ΥΡΗΗ 2007 ΠΙΝΑΚΑ "A" ΜΔΣΑΒΟΛΩΝ ΠΑΓΙΩΝ ΣΟΙΥΔΙΩΝ Αξία κτήσεως Μεηαβολή Δνάπξεωρ 31.12.2006 Πποζθήκερ Μειώζειρ Λήξεωρ 31.12.2007 Αποσβέσεις Μεηαβολή ύνολο Έναπξηρ 31.12.2006 Πποζθήκερ Μειώζειρ Αναπόσβ. ύνολο Λήξηρ 31.12.2007 ΣΥΝ. 31.12.2007 ΙΙ.Δνσώματες Ακινητοποιήσεις 1. Γήπεδα - Οικόπεδα 26.212,77 0,00 0,00 26.212,77 0,00 0,00 0,00 0,00 26.212,77 3. Κηίπια και Σεχνικά έπγα 198.641,97 8.927,52 0,00 207.569,49 147.288,13 8.233,60 0,00 155.521,73 52.047,76 4. Μηχαν/ηα-Σεχν.εγκαη-λοιπόρ μηχ/κορ εξοπλιζμόρ 609,89 0,00 0,00 609,89 609,84 0,00 0,00 609,84 0,05 5. Μεηαθοπικά μέζα 280.195,86 14.529,03 8.918,41 285.806,48 94.114,27 43.928,00 8.318,41 129.723,86 156.082,62 6. Έπιπλα & λοιπόρ εξοπλιζμόρ 163.440,27 17.157,25 0,00 180.597,52 155.936,97 15.823,04 0,00 171.760,01 8.837,51 669.100,76 40.613,80 8.918,41 700.796,15 397.949,21 67.984,64 8.318,41 457.615,44 243.180,71