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08. Financial Statements
4.32 Related parties transactions
a) Primary shareholders
The Company is jointly controlled by the Greek State (55% of the shares) and Hochtief Airport GmbH
(26,670% of the shares). The remaining amount of shares is at the interest of Hochtief Airport Capital GmbH
& Co KGaA and Copelouzos family members. Refer to note 4.18 for details concerning the shareholding
structure.
The Company has a related party relationship with its primary shareholders, by rendering or receiving
services for the operation of the airport. More specifically, the Company provides either aeronautical
or non aeronautical services to public controlled entities and receiving public or private services i.e. fire
protection, medical, cleaning services etc. The significant transactions and balances of the services received
or rendered are as follows:
Analysis of primary shareholder transactions 2008 2007
Net trade receivables 103.090.442 80.275.131
Other payables 611.257 1.230.006
Subordinated loan payable 19.646.465 21.387.063
Grant of rights fee payable 87.935.795 84.608.794
Air revenues 85.524.388 89.975.820
Non air revenues 3.230.765 2.568.978
Expenses 4.633.869 7.466.171
Greek State facility fee 4.263.970 4.469.515
Guarantees granted 826.511.513 869.174.646
Total primary shareholder transactions 1.135.448.464 1.161.156.124
b) Transactions with Board of Directors and Key Management
The Company provided compensation to its Board of Directors and Key Management as follows:
Analysis of BoD and key management compensation 2008 2007
Board of directors’ fees 583.960 592.480
Key management 1.312.136 2.011.072
Total BoD and key management compensation 1.896.096 2.603.552
Financial Statements as at 31 December 2008 (Amounts in Euros unless otherwise stated)
4.32 Related parties transactions
a) Primary shareholders
The Company is jointly controlled by the Greek State (55% of the shares) and Hochtief Airport GmbH
(26,670% of the shares). The remaining amount of shares is at the interest of Hochtief Airport Capital GmbH
& Co KGaA and Copelouzos family members. Refer to note 4.18 for details concerning the shareholding
structure.
The Company has a related party relationship with its primary shareholders, by rendering or receiving
services for the operation of the airport. More specifically, the Company provides either aeronautical
or non aeronautical services to public controlled entities and receiving public or private services i.e. fire
protection, medical, cleaning services etc. The significant transactions and balances of the services received
or rendered are as follows:
Analysis of primary shareholder transactions 2008 2007
Net trade receivables 103.090.442 80.275.131
Other payables 611.257 1.230.006
Subordinated loan payable 19.646.465 21.387.063
Grant of rights fee payable 87.935.795 84.608.794
Air revenues 85.524.388 89.975.820
Non air revenues 3.230.765 2.568.978
Expenses 4.633.869 7.466.171
Greek State facility fee 4.263.970 4.469.515
Guarantees granted 826.511.513 869.174.646
Total primary shareholder transactions 1.135.448.464 1.161.156.124
b) Transactions with Board of Directors and Key Management
The Company provided compensation to its Board of Directors and Key Management as follows:
Analysis of BoD and key management compensation 2008 2007
Board of directors’ fees 583.960 592.480
Key management 1.312.136 2.011.072
Total BoD and key management compensation 1.896.096 2.603.552
Financial Statements as at 31 December 2008 (Amounts in Euros unless otherwise stated)
