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Financial Statements

CONTENTS PAGE
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2012 14
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2012 15
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2012 16
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2012 17
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2012 18
NOTES TO THE FINANCIAL STATEMENTS 19
1 Incorporation & activities of the Company 19
2 Significant accounting policies 19
3 Financial risk management 29
4 Critical accounting estimates and judgements 33
5 Notes to the financial statements 34
5.1 Operating revenues 34
5.2 Depreciation & amortisation charges 35
5.3 Net financial expenses 35
5.4 Subsidies received 35
5.5 Income tax expense 36
5.6 Basic earnings per share 36
5.7 Property plant & equipment-owned assets 37
5.8 Property, plant & equipment-leased assets 38
5.9 Intangible assets 39
5.10 Held-to-maturity financial assets 40
5.11 Other non-current assets 40
5.12 Inventories 40
5.13 Construction works in progress 40
5.14 Trade receivables 41
5.15 Other receivables 41
5.16 Cash and cash equivalents 42
5.17 Share capital 42
5.18 Statutory & other reserves 42
5.19 Retained earnings 42
5.20 Bank loans 42
5.21 Employee retirement benefits 43
5.22 Provisions 45
5.23 Income & deferred tax liabilities 45
5.24 Other non-current liabilities 47
5.25 Trade & other payables 47
5.26 Other current liabilities 48
5.27 Operating lease arrangements 48
5.28 Commitments 48
5.29 Contingent liabilities 49
5.30 Related parties transactions 50
5.31 Events after the balance sheet date 51

Financial Statements as at 31 December 2012 (Amounts in Euros unless otherwise stated) Page 13 of 54