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FINANCIAL STATEMENTS

CHAPTER 5

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2009

Share Reserves Retained Total

Capital Earnings Equity

Balance as at 31 December 2007 300.000.000 13.208.354 91.425.991 404.634.345
0 117.307.329
Comprehensive Income 117.307.329

Net profit for the year 2008 0 (248.476)
117.058.852
Other comprehensive Income:
(90.000.000)
Fair value loss (net of tax) on 0 (248.476) 0 (90.000.000)
available for sale financial asset
0
Total Comprehensive Income 0 (248.476) 117.307.329

Transactions with owners

Dividends distributed to the shareholders 0 0 (90.000.000)
0 (90.000.000)
Total transactions with owners 0 5.865.366
(5.865.366)
Transfer to statutory reserves 0

Balance as at 31 December 2008 300.000.000 18.825.244 112.867.953 431.693.197
0 181.740.152
Comprehensive Income 181.740.152

Net profit for the year 2009 0 (359.806)
181.380.346
Other comprehensive Income:
(105.000.000)
Fair value loss (net of tax) on 0 (359.806) 0 (105.000.000)
available for sale financial asset
0
Total Comprehensive Income 0 (359.806) 181.740.152

Transactions with owners

Dividends distributed to the shareholders 0 0 (105.000.000)
0 (105.000.000)
Total transactions with owners 0 9.087.008 (9.087.008)

Transfer to statutory reserves 0

Balance as at 31 December 2009 300.000.000 27.552.446 180.521.098 508.073.544

The notes on pages 18 to 67 are an integral part of these financial statements. PAGE 16 OF 69
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated)