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.