Page 54 - Annual Report 2013

Financial Statements

Contents

INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2013 14
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2013 15
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2013 16
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2013 17
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2013 18
NOTES TO THE FINANCIAL STATEMENTS 19
1 Incorporation & activities of the Company 19
2 Significant accounting policies 19
3 Financial risk management 30
4 Critical accounting estimates and judgments 34
5 Notes to the financial statements 36
5.1 Revenues 36
5.2 Depreciation & amortisation charges 36
5.3 Net financial expenses 37
5.4 Subsidies received 37
5.5 Income tax expense 38
5.6 Basic earnings per share 38
5.7 Property plant & equipment-owned assets 39
5.8 Property, plant & equipment-leased assets 40
5.9 Intangible assets 41
5.10 Held-to-maturity financial assets 42
5.11 Other non-current assets 42
5.12 Inventories 42
5.13 Construction works in progress 42
5.14 Trade receivables 43
5.15 Other receivables 43
5.16 Cash and cash equivalents 44
5.17 Share capital 44
5.18 Statutory & other reserves 44
5.19 Retained earnings 44
5.20 Bank loans 45
5.21 Employee retirement benefits 45
5.22 Provisions 48
5.23 Income & deferred tax liabilities 48
5.24 Other non-current liabilities 49
5.25 Trade & other payables 50
5.26 Other current liabilities 50
5.27 Operating lease arrangements 50
5.28 Commitments 51
5.29 Contingent liabilities 51
5.30 Related parties transactions 54
5.31 Events after the balance sheet date 55
5.32 Restatements due to IAS 19R 55

13 of 58 Financial Statements as at 31 December 2013 (Amounts in Euros unless otherwise stated).