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FINANCIAL STATEMENTS
Accrued ADF represents the amount of the passengers’ airport fee attributable to the Company, which had not been
collected by the Company at year-end. This amount is estimated to be collected progressively in year 2010.
The carrying amount of other receivables closely approximates their fair value at balance sheet date.
4.17 Cash and cash equivalents 2009 2008
Cash and cash equivalents are analysed as follows: 6.445 7.160
Analysis of cash & cash equivalents 243.905.547 163.663.736
Cash on hand 243.911.992 163.670.896
Current & time deposits
Total cash & cash equivalents
Cash and cash equivalents consist of cash balances and cash deposits. For the purposes of presentation in the statement
of cash flows, time deposits and other highly liquid investments with maturities of three months or less are considered
to be cash equivalents.
4.18 Share capital
The issued Share Capital of the Company has been fully paid by the shareholders and comprises 30.000.000 ordinary
shares of €10 each amounting to €300.000.000.
The shareholders’ interests are as follows: (percentage rates have been rounded to the nearest 3 digit decimal
component)
2009 2008
Shareholders
Issued Share Percent Issued Share Percent
Capital Capital
Greek State 165.000.000 55,000% 165.000.000 55,000%
Hochtief Airport GmbH 80.000.040 26,670% 80.000.040 26,670%
Hochtief Airport Capital GmbH
Co. KgaA 40.000.020 13,333% 40.000.020 13,333%
Copelouzos Dimitrios 5.999.970 1,999% 5.999.970 1,999%
Copelouzou Kiriaki 2.999.990 0,999% 2.999.990 0,999%
Copelouzos Christos 2.999.990 0,999% 2.999.990 0,999%
Copelouzou Eleni-Asimina 2.999.990 0,999% 2.999.990 0,999%
Total income tax expense for the year 300.000.000 100,00% 300.000.000 100,00%
4.19 Statutory & other reserves
Under Greek Corporate Law it is mandatory to transfer 5% of the net after tax annual profits to form the legal reserve,
which is used to offset any accumulated losses. The creation of the legal reserve ceases to be compulsory when the
balance of the legal reserve reaches 1/3 of the registered share capital.
At 31 December 2009 the Company’s legal reserve increased by an amount of €9.087.008 (2008: €5.865.366) and amounted
to €27.544.913 (2008:€18.457.905).
In addition, there is a reserve, remaining from the distribution of tax preference income, amounting to €7.533.
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 56 OF 69
Accrued ADF represents the amount of the passengers’ airport fee attributable to the Company, which had not been
collected by the Company at year-end. This amount is estimated to be collected progressively in year 2010.
The carrying amount of other receivables closely approximates their fair value at balance sheet date.
4.17 Cash and cash equivalents 2009 2008
Cash and cash equivalents are analysed as follows: 6.445 7.160
Analysis of cash & cash equivalents 243.905.547 163.663.736
Cash on hand 243.911.992 163.670.896
Current & time deposits
Total cash & cash equivalents
Cash and cash equivalents consist of cash balances and cash deposits. For the purposes of presentation in the statement
of cash flows, time deposits and other highly liquid investments with maturities of three months or less are considered
to be cash equivalents.
4.18 Share capital
The issued Share Capital of the Company has been fully paid by the shareholders and comprises 30.000.000 ordinary
shares of €10 each amounting to €300.000.000.
The shareholders’ interests are as follows: (percentage rates have been rounded to the nearest 3 digit decimal
component)
2009 2008
Shareholders
Issued Share Percent Issued Share Percent
Capital Capital
Greek State 165.000.000 55,000% 165.000.000 55,000%
Hochtief Airport GmbH 80.000.040 26,670% 80.000.040 26,670%
Hochtief Airport Capital GmbH
Co. KgaA 40.000.020 13,333% 40.000.020 13,333%
Copelouzos Dimitrios 5.999.970 1,999% 5.999.970 1,999%
Copelouzou Kiriaki 2.999.990 0,999% 2.999.990 0,999%
Copelouzos Christos 2.999.990 0,999% 2.999.990 0,999%
Copelouzou Eleni-Asimina 2.999.990 0,999% 2.999.990 0,999%
Total income tax expense for the year 300.000.000 100,00% 300.000.000 100,00%
4.19 Statutory & other reserves
Under Greek Corporate Law it is mandatory to transfer 5% of the net after tax annual profits to form the legal reserve,
which is used to offset any accumulated losses. The creation of the legal reserve ceases to be compulsory when the
balance of the legal reserve reaches 1/3 of the registered share capital.
At 31 December 2009 the Company’s legal reserve increased by an amount of €9.087.008 (2008: €5.865.366) and amounted
to €27.544.913 (2008:€18.457.905).
In addition, there is a reserve, remaining from the distribution of tax preference income, amounting to €7.533.
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 56 OF 69
