VIS CONTAINERS MANUFACTURING CO. LTD

G.C.REG. No. 122838007000

G.Gennimatas Avenue, Magoula, Attica Postal Code 19018

DATA AND INFORMATION FOR THE PERIOD

from January 1, 2016 to June 30, 2016

(According to the Decision 4/507/28.04.2009 of the Board of Directors of the Capital Market Commision)

The following data and information, that result from the financial statements, aim at providing general information for the financial statement and the results of VIS CONTAINERS MANUFACTURING CO. LTD. Thus we suggest the reader, before proceeding in any investment choice or other transaction with the company, to visit the

company's website, where the financial statements are

Competent Dept-Prefecture (or Court of 1st Instance):

posted as well as the auditor's report, whenever required.

Ministry of Economy, Competitiveness and Shipping, Directorate of Societe Anonyme and Trust

Website :

www.vis.gr

Composition of the Board of Directors:

Filippou Dimitrios, Chairman & Managing Director, Hadjivasileiou Georgios Vice-President, Djidjaras Athanasios, Soupionas Kyriakos, Executive Members, Tsintos Fokion, non Executive Member, Bafilias Georgios, Granitsas Ioannis Independent non Executive Members.

Date of approval by the Board of Directors of the financiaL statements:

September 26 2016

Legal Auditor :

Makris Ioannis (AM SOEL 28131)

Auditing company :

PKF Euroauditing S.A.

Type of auditors' report :

STATEMENT OF FINANCIAL POSITION

ASSETS

Self-used tangible fixed assets Other non-current fixed assets Inventories

Receivables from customers Other current assets

Non current assets intended for sale

TOTAL ASSETS

NET POSITIONS AND LIABILITIES

Share capital

Other net position data

Total net position of parent company's owner (a)

Minority rights (b)

Total equity (c)=(a)+(b) Long term loan liabilities

Provisions / Other long term liabilities Short term loan liabilities

Other short term liabilities

Total liabilities (b)

TOTAL EQUITY AND LIABILITIES (a)+(b)

ELEMENTS OF STATEMENTS OF PROFITS AND LOSS

Turnover Gross profits

Profits before taxes, financing and investment results Loss before taxes

Loss after taxes (a)

Other total income after taxes (b) Summarized total income after taxes (a)+(b)

With consistent opinion

30/6/2016 31/12/2015 ELEMENTS OF CASH FLOW STATEMENTS

20.929.377,71 21.371.045,18

94.129,16 97.227,53 Indirect method (amounts expressed in €)1/1 - 30/06/2016 1/1 - 30/06/2015

3.362.621,02 3.503.501,80 Operationalactivities

11.667.008,72 10.334.249,09 Profits before taxes 338.537,56 -479.993,44

850.757,06 1.048.310,04

Plus / less adjustments for:

2.565.180,00 3.198.081,25 Depreciation 492.632,56 496.134,47

39.469.073,67 39.552.414,89 Provisions 15.475,14 -45.085,38

14.309.568,00 14.309.568,00Results (income, expenses, profits and loss) of investment activitiy -0,01-0,21

-2.378.767,97 -2.091.430,50

11.930.800,03 12.218.137,50 Interest and similar expenses 471.085,25 673.142,03

0,000,00Plus / less adjustments for changes in working capital accounts or

11.930.800,03 12.218.137,50 related to operational activities

10.312.605,00 10.713.099,47 Decrease / (increase) of inventories 140.880,78 486.895,19

6.067.724,99 6.107.029,12 Decrease / (increase) of receivables -1.317.713,11 -1.427.024,17

2.534.545,48 1.937.117,93 (Decrease) / increase of liabilities (less loan) 60.152,21 988.725,77

8.623.398,18 8.577.030,87

27.538.273,65 27.334.277,39 Less:

39.469.073,67 39.552.414,89 Interest and similar expenses paid -519.820,23 -789.170,48

1/1 - 30/06/2016 1/1 - 30/06/2015 Taxes paid 0,00 0,00

12.021.834,21 11.943.712,86 Total inflows / (outflows) from operational activities (a)-318.769,85 -96.376,22

2.391.683,39 1.858.156,59

Investing activities

809.622,80 193.148,38

338.537,56 -479.993,44 Purchase of tangible and intaglible assets-98.718,14 -183.784,02

345.563,78 -493.649,89 Interest received 0,01 0,21

-632.901,25 0,00 Total inflows / (outflows) from investment activities (b) -98.718,13 -183.783,81

-287.337,47 -493.649,89 Financing activities

Proceeds from issued / received loans 817.211,65 12.650.257,61

Loss after taxes per share-basically (in €) 0,0695 -0,0994 Loan repayments-579.665,50-12.168.099,61

Profits before taxes, financing, investment results and total 1.302.255,36 689.282,85Repayments of finance lease liabilities (amortization) -5.662,99 -2.409,21

depreciation

Total inflows / (outflows) from investment activities (c) 231.883,16 479.748,79

ELEMENTS OF STATEMENT OF CHANGES IN EQUITY 1/1 - 30/06/2016 1/1 - 30/06/2015Netincrease / (decrease) in cash and cash equivalents of period

Total equity at the beginning of the fiscal year (01.01.2016 and (a)+(b)+(c) -185.604,82199.588,76

01.01.2015 respectively) 12.218.137,50 14.410.839,27

Dividends distributed 0,00 0,00Cash and cash equivalents at the beginning of the period 217.181,75 209.679,22

Summarized total income after taxes -287.337,47-493.649,89Cash and cash equivalents at the end of the period 31.576,93 409.267,98

Total equity at the end of the fiscal year (30.06.2016 and

30.06.2015 respectively) 11.930.800,03 13.917.189,38

Additional data and information

  1. Applied the same accounting policies and calculating methods, as in the annual financial 8.Theheight of investments in fixed assets made during the period 1.1-30.06.2016 statements of 31.12.2015. amountsto € 98.718,14 while during the period 1.1-30.06.2015 amounted to €

  2. The company's financial statements are included with the method of the entire consolidation 183.784,02.

in the annual consolidated financial statements drawn up by the company HQF S.A. based in 9.Thereare no company's shares were possesed by the same.

Greece. HQF S.A.'s participation percentage in the company's share capital is 67,50% 10.Theother total income after taxes height (€ 632.901,25) concern the

(30.06.16). amountof valuation of the available for sale financial assets with the method of the cash 3.There are prenotations of mortgages on the company's fixed assets height € 14.295.126 and flowdiscounting. Detailed information referred to the note 5.4.2 of the semiannual pledge stocks amount € 4.500.000 for bank loans height € 11.112.605 on 30.06.2016. financialcomposition.

4.We refer to the note 5.8 of the Interim Financial Statements in which there is a reference for 11.Theamounts of sales and purchases cumulatively from the beggining of the review

the unaudited fiscal years. periodand the balances of the company's receivables and liabilities at the end of the 5.The aggregate amount of provisions which was formed up to 30.06.2016 is € 454.670,14 for reviewperiod have resulted from transactions with the connected parties in the sense of personnel compensation due to retirement,in € 100.000,00 for tax differences of previous fiscal IAS24 , have as follows:

years and in € 40.000,00 for extraordinary risks.

  1. The number of personnel on 30.06.2016 amounts to 180 people, while on 30.06.2015 were

  2. There are no ligitation or arbitration, as well as judicial or arbitral decisions which could have

192 people. (amounts expressed in €)1/1 - 30/06/2016 1/1 - 30/06/2015

significant impact in the financial statement or operation of the company. a) Income1.407.516,391.581.292,12

b) Expenses 515.703,63 572.153,40

c) Receivables 3.146.505,45 3.064.212,16

d) Remuneration of executives and Board members 163.907,75 162.146,55

Magoula, September 26, 2016

THE CHAIRMAN OF THE BOARD & MANAGING DIRECTOR THE CEO AND VICE-PRESIDENT OF THE BOARD THE CFO's AND MEMBER OF THE BOARD

DIMITRIOS IOAN. FILIPPOU ID No. ΑΑ-061311

GEORGIOS VAS. HADJIVASILEIOU ID No. Ρ-914464

KYRIAKOS E. SOUPIONAS ID No. AT-540755

License No. 14603/A΄ class

VIS Container Manufacturing Co. published this content on 20 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 November 2016 09:34:03 UTC.

Original documenthttp://www.vis.gr/pdf/BalanceSheet%2020160101%20-%2020160630.pdf

Public permalinkhttp://www.publicnow.com/view/C257567DCBA497F779180218E2CF4336001843F3