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Financial Statements
a) Sales of services and rental fees 2012 2011
Sales of services
384,802 358,125
Hochtief Group 12,850,452 12,993,714
Greek State
13,235,254 13,351,839
Total
2012 2011
b) Purchases of services
Purchases of services 5,988,124 5,597,913
1,803,594 3,271,708
Greek State
Hochtief Group 7,791,718 8,869,621
Total
c) Year end balances arising from sales/purchases of services and rental fees
Year end balances arising from 2012 2011
sales/purchases of services and rental fees
7,256,056
Trade and other receivables: 5,597,398 30,845
49,118
Greek State 457,860
Hochtief Group
7,744,761
Trade and other payables:
Payables to Hochtief Group 448,940
Total 6,095,456
d) Key management compensation
Key management includes personnel authorised by the Board of Directors for planning, directing and controlling the
activities of the Company. Compensation paid or payable to key management for employee services rendered is shown
below:
Analysis of BoD and key management 2012 2011
compensation
Board of directors’ fees 430,920 419,456
Short-term employment benefits of key management 1,298,253 1,641,462
Total BoD and key management compensation 1,729,173 2,060,918
5.31 Events after the balance sheet date
a) The motion of the Company against the Municipality of Spata for the provision of waste, landscaping, cleanliness
and lighting maintenance for the year 2007 was fully upheld by virtue of the decision issued on 14 March 2013 by the
General Secretary of Decentralized Administration of Attica, thus annulling the Mayor’s decision for imposing such
municipal charges (refer also to note 5.29).
b) On 27 February 2013 a final award was issued by the London Court of International Arbitration, whereby the Tribunal
declared that the Acts of Determination, by which Tax Authorities imposed VAT and penalties thereon, on the
Financial Statements as at 31 December 2012 (Amounts in Euros unless otherwise stated) Page 51 of 54
a) Sales of services and rental fees 2012 2011
Sales of services
384,802 358,125
Hochtief Group 12,850,452 12,993,714
Greek State
13,235,254 13,351,839
Total
2012 2011
b) Purchases of services
Purchases of services 5,988,124 5,597,913
1,803,594 3,271,708
Greek State
Hochtief Group 7,791,718 8,869,621
Total
c) Year end balances arising from sales/purchases of services and rental fees
Year end balances arising from 2012 2011
sales/purchases of services and rental fees
7,256,056
Trade and other receivables: 5,597,398 30,845
49,118
Greek State 457,860
Hochtief Group
7,744,761
Trade and other payables:
Payables to Hochtief Group 448,940
Total 6,095,456
d) Key management compensation
Key management includes personnel authorised by the Board of Directors for planning, directing and controlling the
activities of the Company. Compensation paid or payable to key management for employee services rendered is shown
below:
Analysis of BoD and key management 2012 2011
compensation
Board of directors’ fees 430,920 419,456
Short-term employment benefits of key management 1,298,253 1,641,462
Total BoD and key management compensation 1,729,173 2,060,918
5.31 Events after the balance sheet date
a) The motion of the Company against the Municipality of Spata for the provision of waste, landscaping, cleanliness
and lighting maintenance for the year 2007 was fully upheld by virtue of the decision issued on 14 March 2013 by the
General Secretary of Decentralized Administration of Attica, thus annulling the Mayor’s decision for imposing such
municipal charges (refer also to note 5.29).
b) On 27 February 2013 a final award was issued by the London Court of International Arbitration, whereby the Tribunal
declared that the Acts of Determination, by which Tax Authorities imposed VAT and penalties thereon, on the
Financial Statements as at 31 December 2012 (Amounts in Euros unless otherwise stated) Page 51 of 54
