Page 91 - Annual_Report_2016
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aia.gr Annual Report 2016
5.10 Financial assets 2016 2015
Held-to-maturity financial assets are analysed as follows:
15,507,687 31,054,922
Held-to-Maturity Financial Assets 56,174,962 112,726,013
15,866,863 69,360,078
Bonds EIB 87,549,512 213,141,013
Bonds EFSF
Corporate bonds
Total Held-to-Maturity Financial assets
Held-to-maturity financial assets are measured at amortized cost. The fair value measurement of the held-
to-maturity financial assets is categorised as Level 1. As of balance sheet date the fair value of the held-to-
maturity financial assets amounted to €87,623,064.
Available-for-sale financial assets are analysed as follows:
Available-for-Sale Financial Assets 2016 2015
Attica Bank shares 957,000 9,207,000
Total Available-for-Sale Financial Assets 957,000 9,207,000
Available-for-sale financial assets are measured at fair value. The acquisition cost of the Available-for- sale
financial asset amounted to €9,900,000, whereas the fair value as of 31December 2015 was € 9,207,000.
As of Balance Sheet date the fair value of the Available- for-sale financial asset amounted to €957,000.
An impairment loss of €8,019,000 was recognized in the income statement and the remaining amount of
€231,000 was released from the Available-for-sale reserve. As of post balance sheet date 16 February 2017
the fair value of the Available-for-sale financial asset amounted to €1,320,000.
As explained in Note 3.1.4, the Available-for-sale financial assets acquired are not “Authorised Investments”
as defined in the loan agreements entered into between the Company and EIB with respect to the
Company’s borrowings. In accordance with the provisions of the aforementioned agreements, the
Company obtained the consent and waiver of EIB for this investment on 01 December 2016.
Based on their maturity date, these assets are classified as follows:
Financial Assets 2016 2015
Current financial assets 87,549,512 124,057,320
Non-current financial assets 957,000 98,290,693
Total Financial Assets 222,348,013
88,506,512
5.11 Other non-current assets 2016 2015
Other non-current assets are analysed as follows:
3,245,439 3,245,439
Analysis of other non-current assets 210,546 206,060
Investment in associates 3,455,985 3,451,499
Long term guarantees
Total other non current assets
Long term guarantees relate to guarantees given to lessors for operating lease contracts, and were
measured at their present value, by discounting future cash flow transactions with the weighted average
borrowing rate of the Company.
5.12 Inventories
Inventory items are analysed as follows:
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
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5.10 Financial assets 2016 2015
Held-to-maturity financial assets are analysed as follows:
15,507,687 31,054,922
Held-to-Maturity Financial Assets 56,174,962 112,726,013
15,866,863 69,360,078
Bonds EIB 87,549,512 213,141,013
Bonds EFSF
Corporate bonds
Total Held-to-Maturity Financial assets
Held-to-maturity financial assets are measured at amortized cost. The fair value measurement of the held-
to-maturity financial assets is categorised as Level 1. As of balance sheet date the fair value of the held-to-
maturity financial assets amounted to €87,623,064.
Available-for-sale financial assets are analysed as follows:
Available-for-Sale Financial Assets 2016 2015
Attica Bank shares 957,000 9,207,000
Total Available-for-Sale Financial Assets 957,000 9,207,000
Available-for-sale financial assets are measured at fair value. The acquisition cost of the Available-for- sale
financial asset amounted to €9,900,000, whereas the fair value as of 31December 2015 was € 9,207,000.
As of Balance Sheet date the fair value of the Available- for-sale financial asset amounted to €957,000.
An impairment loss of €8,019,000 was recognized in the income statement and the remaining amount of
€231,000 was released from the Available-for-sale reserve. As of post balance sheet date 16 February 2017
the fair value of the Available-for-sale financial asset amounted to €1,320,000.
As explained in Note 3.1.4, the Available-for-sale financial assets acquired are not “Authorised Investments”
as defined in the loan agreements entered into between the Company and EIB with respect to the
Company’s borrowings. In accordance with the provisions of the aforementioned agreements, the
Company obtained the consent and waiver of EIB for this investment on 01 December 2016.
Based on their maturity date, these assets are classified as follows:
Financial Assets 2016 2015
Current financial assets 87,549,512 124,057,320
Non-current financial assets 957,000 98,290,693
Total Financial Assets 222,348,013
88,506,512
5.11 Other non-current assets 2016 2015
Other non-current assets are analysed as follows:
3,245,439 3,245,439
Analysis of other non-current assets 210,546 206,060
Investment in associates 3,455,985 3,451,499
Long term guarantees
Total other non current assets
Long term guarantees relate to guarantees given to lessors for operating lease contracts, and were
measured at their present value, by discounting future cash flow transactions with the weighted average
borrowing rate of the Company.
5.12 Inventories
Inventory items are analysed as follows:
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
44 of 57
