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Financial Statements
significant improvement of the Cash Flow of the Company, as a result of the increased operating revenues.
• Finally, we would like to inform you that the Company’s cash surplus is invested in euro-bonds and time deposits,
in order to hedge interest rate, foreign currency exposure and other risks. As a result of this investment policy,
AIA did not possess any investments in securities as of December 1st, 007.
5. 2008 Outlook
With 007 being another year of significant traffic increase for the airport, and taking into account the
aviation industry’s cyclic nature, traffic in 008 is expected to have a slower growth than the previous years,
resulting in an annual passenger throughput of 17.11 million, corresponding to a forecast operating revenue
of €60 million.
Further to the above, we would like to refer to some of the future projects and plans of our company for
the year 008:
• Within the scope of optimising the utilisation of the Satellite Terminal Building (STB), and following the
completion of the architectural study, in 008, AIA will proceed with the project design, while the relevant
infrastructure works are also expected to begin within the year.
• Within the framework of the EU Regulation 1107/006, as of July 008 the total responsibility for the service
of disabled travellers and persons with reduced mobility will lie with the airport operating companies. AIA
is already cooperating with all involved authorities (HCAA, Greek Action Committee for Disabled Persons,
AUC) as well as with the European Commission for the implementation of the new regulation at our airport.
This development is another challenge, as well as an opportunity to prove our commitment to provision
of the best possible services to a sensitive part of society.
• Early in 008, the expansion of the Long-Term car parking facility will be completed, increasing the capacity
for long-term parking from ,500 to 5,500 positions, while the total car parking capacity will exceed 7,000
positions. At the same time, the Airport Company is investigating alternative options for the further
expansion of the car parking facilities to accommodate future demand.
• After positively assessing both the environmental and financial benefits, the company has decided to
proceed with the implementation of a large-scale photovoltaic park within the airport premises. Following
the necessary licensing and funding process, it is expected that the development of the park will commence
in late 008 or early 009. The operation of the park will not only provide additional revenues for AIA, but
it will also contribute to the environment through the reduction of greenhouse gases and the development
of renewable energy sources.
• IT&T is continuing to develop business activities beyond the airport confines, by capitalising on our
reputation, expertise and quality of services. Without compromising the smooth operation and sound
business performance of the Athens International Airport, these activities aim at creating additional value
to all our stakeholders.
• The new Business Plan that will be developed in 008 will encapsulate the success of a 1-year old company,
already among the most profitable enterprises in Greece and a model airport company worldwide. It will
also reflect the prospects of further organic growth with potential for additional value-adding activities,
while facing the future investment and capacity growth challenges with a balanced financial structure and
the ability to maintain excellent operational performance with exemplary efficiency factors.
10
significant improvement of the Cash Flow of the Company, as a result of the increased operating revenues.
• Finally, we would like to inform you that the Company’s cash surplus is invested in euro-bonds and time deposits,
in order to hedge interest rate, foreign currency exposure and other risks. As a result of this investment policy,
AIA did not possess any investments in securities as of December 1st, 007.
5. 2008 Outlook
With 007 being another year of significant traffic increase for the airport, and taking into account the
aviation industry’s cyclic nature, traffic in 008 is expected to have a slower growth than the previous years,
resulting in an annual passenger throughput of 17.11 million, corresponding to a forecast operating revenue
of €60 million.
Further to the above, we would like to refer to some of the future projects and plans of our company for
the year 008:
• Within the scope of optimising the utilisation of the Satellite Terminal Building (STB), and following the
completion of the architectural study, in 008, AIA will proceed with the project design, while the relevant
infrastructure works are also expected to begin within the year.
• Within the framework of the EU Regulation 1107/006, as of July 008 the total responsibility for the service
of disabled travellers and persons with reduced mobility will lie with the airport operating companies. AIA
is already cooperating with all involved authorities (HCAA, Greek Action Committee for Disabled Persons,
AUC) as well as with the European Commission for the implementation of the new regulation at our airport.
This development is another challenge, as well as an opportunity to prove our commitment to provision
of the best possible services to a sensitive part of society.
• Early in 008, the expansion of the Long-Term car parking facility will be completed, increasing the capacity
for long-term parking from ,500 to 5,500 positions, while the total car parking capacity will exceed 7,000
positions. At the same time, the Airport Company is investigating alternative options for the further
expansion of the car parking facilities to accommodate future demand.
• After positively assessing both the environmental and financial benefits, the company has decided to
proceed with the implementation of a large-scale photovoltaic park within the airport premises. Following
the necessary licensing and funding process, it is expected that the development of the park will commence
in late 008 or early 009. The operation of the park will not only provide additional revenues for AIA, but
it will also contribute to the environment through the reduction of greenhouse gases and the development
of renewable energy sources.
• IT&T is continuing to develop business activities beyond the airport confines, by capitalising on our
reputation, expertise and quality of services. Without compromising the smooth operation and sound
business performance of the Athens International Airport, these activities aim at creating additional value
to all our stakeholders.
• The new Business Plan that will be developed in 008 will encapsulate the success of a 1-year old company,
already among the most profitable enterprises in Greece and a model airport company worldwide. It will
also reflect the prospects of further organic growth with potential for additional value-adding activities,
while facing the future investment and capacity growth challenges with a balanced financial structure and
the ability to maintain excellent operational performance with exemplary efficiency factors.
10
