ANEK LINES S.A.
No of G.E.C.R.: 121557860000
Registered Office: 148 Karamanli Avenue, Chania
Financial data and information for the period 1 January 2021 - 30 June 2021
(according to 4/507/28.04.2009 resolution of Greek Capital Commitee)
The following data and information are to provide users with general information for the financial position and the results of operations of ANEK LINES SA and the Group. Therefore, it is recommended to any user, before proceeding to
any kind of investing decision or other transaction with the Company, to visit the Company's web site, where the financial statements and the auditor's Report, when is reqiuired, are published.
Company's website: www.anek.gr
Date of approval of the interim financial statements by the Board of Directors: September 23, 2021
Certified auditors - accountants: Diamantoulakis Emmanouil (SOEL Reg. No: 13101) - Kollyris Nikolaos (SOEL Reg. No: 35591)
Auditing Firms: GRANT THORNTON (Reg. No 127), SOL SA (Reg. No 125)
Type of auditors' review report: Unqualified conclusion - Material Uncertainty Related to Going Concern
STATEMENT OF FINANCIAL POSITION (parent company and consolidated) | TOTAL COMPREHENSIVE INCOME (parent company and consolidated) | ||||||||||||||||||||
(Amounts in € thousand) | Group | Company | (Amounts in € thousand) | Group | Company | ||||||||||||||||
30.06.2021 | 31.12.2020 | 30.06.2021 | 31.12.2020 | from 01.01 to | from 01.01 to | ||||||||||||||||
ASSETS | 30.06.2021 | 30.06.2020 | 30.06.2021 | 30.06.2020 | |||||||||||||||||
Tangible assets | 262.521 | 263.259 | 250.745 | 255.834 | |||||||||||||||||
Investments in property | 1.745 | 1.748 | 670 | 672 | Turnover | 58.181 | 55.377 | 51.387 | 50.232 | ||||||||||||
Intangible assets | 191 | 217 | 191 | 217 | Gross profit | 2.545 | 1.464 | 366 | 245 | ||||||||||||
Other non-current assets | 2.562 | 2.541 | 8.985 | 8.901 | Earnings / (losses) before taxes, financing and investing results (EBIT) | (6.112) | (7.872) | (6.706) | (7.694) | ||||||||||||
Inventories | 3.186 | 2.689 | 1.791 | 1.597 | Earnings / (losses) before taxes (EBT) | (11.456) | (12.601) | (11.796) | (12.283) | ||||||||||||
Trade receivables | 37.248 | 30.921 | 35.455 | 30.052 | Earnings / (losses) after taxes (A) | (11.687) | (12.859) | (11.859) | (12.391) | ||||||||||||
Other current assets | 8.910 | 6.186 | 7.559 | 4.870 | Owners of the parent | (12.103) | (13.163) | ||||||||||||||
Cash & cash equivalents | 11.487 | 11.421 | 3.860 | 3.405 | Minority interests | 416 | 304 | - | - | ||||||||||||
TOTAL ASSETS | 327.850 | 318.982 | 309.256 | 305.548 | |||||||||||||||||
Other comprehensive income after taxes (Β) | 53 | - | 16 | - | |||||||||||||||||
EQUITY & LIABILITIES | Total comprehensive income after taxes (Α) + (Β) | (11.634) | (12.859) | (11.843) | (12.391) | ||||||||||||||||
Share capital | 67.440 | 67.440 | 67.440 | 67.440 | Owners of the parent | (12.075) | (13.163) | - | - | ||||||||||||
Other equity items | (93.585) | (81.509) | (89.231) | (77.388) | Minority interests | 441 | 304 | - | - | ||||||||||||
Equity attributable to shareholders of the parent (a) | (26.145) | (14.069) | (21.791) | (9.948) | |||||||||||||||||
Minority interests (b) | 13.228 | 13.134 | - | - | Earnings / (losses) after taxes per share basic - (in €) | (0,0538) | (0,0698) | (0,0528) | (0,0657) | ||||||||||||
Total Equity (c) = (a) + (b) | (12.917) | (935) | (21.791) | (9.948) | Earnings / (losses) after taxes per share diluted - (in €) | (0,0538) | (0,0494) | (0,0528) | (0,0464) | ||||||||||||
Long-term borrowings | - | - | - | - | Earnings before taxes, financing and investing results, | ||||||||||||||||
Provisions and other long-term liabilities | 18.220 | 17.534 | 14.334 | 15.537 | depreciation and amortization (EBITDA) | (721) | (2.299) | (1.617) | (2.380) | ||||||||||||
Short-term borrowings | 255.288 | 252.862 | 255.288 | 252.862 | |||||||||||||||||
Other short-term liabilities | 67.259 | 49.521 | 61.425 | 47.097 | CASH FLOW STATEMENT (parent company and consolidated) | ||||||||||||||||
Total liabilities (d) | 340.767 | 319.917 | 331.047 | 315.496 | |||||||||||||||||
TOTAL EQUITY AND LIABILITIES (c) + (d) | 327.850 | 318.982 | 309.256 | 305.548 | (Amounts in € thousand) | Group | Company | ||||||||||||||
from 01.01 to | from 01.01 to | ||||||||||||||||||||
30.06.2021 | 30.06.2020 | 30.06.2021 | 30.06.2020 | ||||||||||||||||||
STATEMENT OF CHANGES IN EQUITY (parent company and consolidated) | Operating activities | ||||||||||||||||||||
Earnings / (losses) before taxes | (11.456) | (12.601) | (11.796) | (12.283) | |||||||||||||||||
(Amounts in € thousand) | Group | Company | Adjustments for: | ||||||||||||||||||
30.06.2021 | 30.06.2020 | 30.06.2021 | 30.06.2020 | Depreciation | 5.394 | 5.577 | 5.089 | 5.314 | |||||||||||||
Equity at the beginning of the period (01.01.2021 and | Grants amortization | (3) | (4) | - | - | ||||||||||||||||
01.01.2020, respectively) | (935) | 3.331 | (9.948) | (5.426) | Provisions | 25 | 2.091 | 26 | 2.077 | ||||||||||||
Total comprehensive income after taxes | (11.634) | (12.859) | (11.843) | (12.391) | Exchange differences | 191 | 14 | 191 | 14 | ||||||||||||
Dividents paid | (348) | (346) | - | - | Results of investing activity | 5 | (2.024) | (200) | (2.212) | ||||||||||||
Other equity movements | - | - | - | - | (Profits) / losses from fixed assets' sales | - | (1) | - | - | ||||||||||||
Equity at the end of the period (30.06.2021 and | Financial expenses (less financial income) | 5.189 | 4.608 | 5.139 | 4.619 | ||||||||||||||||
30.06.2020, respectively) | (12.917) | (9.874) | (21.791) | (17.817) | (655) | (2.340) | (1.551) | (2.471) | |||||||||||||
Adjustments for changes in working capital: | |||||||||||||||||||||
Decrease / (increase) of inventories | (504) | 550 | (194) | 893 | |||||||||||||||||
ADDITIONAL DATA AND INFORMATION | Decrease / (increase) of receivables | (9.082) | (4.848) | (7.942) | (4.893) | ||||||||||||||||
Increase / (decrease) of liabilities (other than borrowings) | 15.868 | 10.513 | 14.143 | 9.466 | |||||||||||||||||
1. Group entities that are included in the consolidated financial statements are presented in note 1 in the semi annual financial statements as of | Less: | ||||||||||||||||||||
30.06.2021, including locations, percentage Group ownership and consolidation method. It is noted that from 30.06.2020 the Group's financial | Interest and financial expenses paid | (593) | (633) | (588) | (628) | ||||||||||||||||
statements are inclunded under the net equity method to the consoliated financial statements of PIRAEUS BANK due to ΑΝΕΚ's inclusion in the | |||||||||||||||||||||
Income tax paid | (2) | (99) | (2) | (99) | |||||||||||||||||
portfolio of Bank's associates. 2. The basic accounting principles adopted in the financial statements, are consistent with those of the annual | |||||||||||||||||||||
Cash flows from operating activities (a) | 5.032 | 3.143 | 3.866 | 2.268 | |||||||||||||||||
financial statements as at 31.12.2020 adjusted with the revisions to IFRS. 3. There are no litigious disputes or disputes in arbitration against the | |||||||||||||||||||||
Group that could significantly affect the financial position. The recorded relevant provisions for the Group and the Company amounted to € 1.463 | |||||||||||||||||||||
thousand. 4. The number of employees at 30.06.2021 was 758 for the Group (690 for the Company), and at 30.06.2020 was 755 (696 for the | Investing activities | ||||||||||||||||||||
Company). 5. At the end of the period no shares of the parent company were possessed by the parent company neither by any subsidiary or | |||||||||||||||||||||
Acquisition of affiliates, securities and other investments | - | - | - | - | |||||||||||||||||
associate company. 6. The provisions for the un-audited tax years of the Group companies, which are presented in note 10 of the annual financial | |||||||||||||||||||||
Proceeds from the sale of securities and other investment | - | - | - | - | |||||||||||||||||
statements, amounted to € 345 thousand (€ 291 thousand for the Company). The accumulated provisions for doubtful debts amounted to € | |||||||||||||||||||||
46.480 thousand for the Group and € 45.068 thousand for the Company, while the provisions for retirement benefits amounted to € 2.874 | Purchase of tangible and intangible assets | (1.494) | (209) | (12) | (8) | ||||||||||||||||
thousand for the Group and € 2.684 thousand for the Company. Other provisionsfor the Group and the Company at 30.06.2021 amounted to € 332 | Proceeds from the sale of property, plant and equipment | - | 18 | - | - | ||||||||||||||||
thousand. 7. The ratio "Earnings / (losses) after taxes per share basic - (in €)" are calculated based in the weighted average number of total shares. | |||||||||||||||||||||
Interest received | 8 | 18 | - | 1 | |||||||||||||||||
For the calculation of the diluted earnings per share were taken into account the potential shares from the Parent company's convertible bond | |||||||||||||||||||||
according the relevant terms of issue and the IAS 33 requirements. 8. Group's "other comprehensive income" in the statement of comprehensive | Dividents received | - | - | - | - | ||||||||||||||||
income for the first half of 2021 refers totally to the possitive impact of a taxation rate change on land deferred taxes. 9. Intercompany | Cash flow from investing activities (b) | (1.486) | (173) | (12) | (7) | ||||||||||||||||
transactions (inflows and outflows) since the beginning of the current year and intercompany balances as of 30.06.2021 that have resulted from | |||||||||||||||||||||
the transactions with the related parties, as defined by IAS 24, are as follows: | Financing activities | ||||||||||||||||||||
(Amounts in € thousand) | Group | Company | Payments for capital leases | (1.906) | (935) | (1.906) | (935) | ||||||||||||||
a) Inflows | - | 3.660 | Payments for operational leases | (76) | (137) | (41) | (57) | ||||||||||||||
b) Outflows | 1.765 | 1.789 | Proceeds from borrowings | - | - | - | - | ||||||||||||||
c) Receivables | 20.831 | 25.816 | Payment of borrowings | (1.452) | (787) | (1.452) | (787) | ||||||||||||||
d) Payables | 100.998 | 101.006 | Dividends paid | (46) | (25) | - | - | ||||||||||||||
e) Key management compensations | 754 | 622 | Cash flow from financing activities (c) | (3.480) | (1.884) | (3.399) | (1.779) | ||||||||||||||
f) Receivables from key management | - | - | |||||||||||||||||||
g) Payables to key management | 65 | 31 | |||||||||||||||||||
Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c) | 66 | 1.086 | 455 | 482 | |||||||||||||||||
Cash and cash equivalents at beginning of the period | 11.421 | 8.498 | 3.405 | 2.019 | |||||||||||||||||
Cash and cash equivalents at end of the period | 11.487 | 9.584 | 3.860 | 2.501 | |||||||||||||||||
Chania, 23 September 2021 | |||||||||||||||||||||
THE A' VICE CHAIRMAN | THE MANAGING DIRECTOR | THE CHIEF FINANCIAL OFICCER | THE CHIEF ACCOUNTANT | ||||||||||||||||||
SPYRIDON I. PROTOPAPADAKIS | IOANNIS I. VARDINOYANNIS | STYLIANOS I. STAMOS | IOANNIS E. SPANOUDAKIS | ||||||||||||||||||
ID. No. ΑΑ 490648 | ID. No. Π 966572 | H.E.C. License No. 20599/A' CLASS | |||||||||||||||||||
ID. No. Μ 068570 | |||||||||||||||||||||
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Anonymous Shipping Company of Crete SA published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 15:21:04 UTC.