96
97
Annual Financial Statements
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Customers
439,566
374,000
1,771
11,056
Checks receivable
4,377
4,283
1,917
1,917
Less: Impairment Provisions
(5,655)
(5,498)
(3,603)
(3,479)
Net trade Receivables
438,287
372,786
85
9,494
Advances for inventory purchases
171
139
-
-
Advances to trade creditors
31,556
34,093
-
-
Total
470,014
407,018
85
9,494
MYTILINEOS GROUP
Construction Contracts
31/12/2015
31/12/2014
Realised Contractual Cost & Profits (minus realised losses)
3,085,950
3,481,076
Less: Progress Billings
(3,016,865)
(3,600,636)
69,085
(119,560)
Receivables for construction contracts according to the
percentage of completion
270,706
63,130
Liabilities related to construction contracts according to
percent. of completion
(201,621)
(182,691)
Advances received
42,182
(47,303)
Clients holdings for good performance
104,641
120,018
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Cash
1,640
283
32
15
Bank deposits
115,640
92,290
1,217
771
Time deposits & Repos
83,579
220,855
-
-
Total
200,859
313,428
1,249
786
The weighted average interest rate is as:
31/12/2015
31/12/2014
Deposits in Euro
0.32%
1.61%
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Suppliers
305,295
268,316
17,994
13,645
Cheques Payable
-
3
-
-
Customers' Advances
61,277
34,678
-
1,710
Liabilities to customers for project implementation
200,719
182,136
-
-
Total
567,291
485,133
17,994
15,355
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Liabilities to Related Parties
2,882
1,336
116,913
123,984
Accrued expense
12,819
20,235
47
23
Social security insurance
3,503
3,346
191
177
Dividends payable
507
401
136
49
Deferred income-Grants
-
1,051
-
-
Others Liabilities
19,512
11,352
1,925
1,080
Total
39,224
37,720
119,212
125,314
4.9 Customers and other trade receivables
4.10 Cash and cash equivalents
4.11 Suppliers and other liabilities
4.12 Other short-term liabilities
4.13 Total Equity
4.13.1 Share capital
On 18 May 2015, the 1st Repeat Annual General Meeting of the Com-
pany’s Shareholders was held. With 60,816,650 valid votes cast rep-
resenting 52.02% of the paid-up share capital with right to vote, the
Meeting approved unanimously Item 4 on the original Agenda con-
cerning the decrease of the Company’s share capital by the amount
of eleven million six hundred and ninety-one thousand five hundred
and eighty-six euro and twenty cents (
€
11,691,586.20) by means of a
decrease of the nominal value of each share from one euro and seven
cents (
€
1.07) to ninety-seven eurocents (
€
0.97), with reimbursement
to the shareholders of the amount of the decrease in the sum of ten
eurocents (
€
0.10) per share, and the amendment of article 5 of the
Company’s Articles of Association accordingly.
On 09.06.2015, Decision no. 62296/09.06.2015 of the Ministry of
Economy, Infrastructure, Shipping & Tourism (ΑΔΑ: ΩΔΓΜ465ΦΘΘ-
ΔΓΡ), approving the amendment of article 5 of the Company’s Articles
of Association, was registered with the General Commercial Regis-
ter (GEMI), under Registration Number 370695. The Stock Markets
Steering Committee, in its meeting of 15/10/2015, was informed of the
decrease as above of the nominal value of the Company’s shares and
of the reimbursement of capital by payment to the shareholders of the
amount of ten eurocents (
€
0.10) per share.
Following the above, as of 19/10/2015 the Compa-
ny’s shares were traded in the Athens Exchange at
the new nominal value of Euro 0.97 per share and
without the right to participate in the reimbursement
of capital by means of payment to the shareholders
of the amount of ten eurocents (
€
0.10) per share. As
of the same date, the starting price of the Compa-
ny’s shares in the Athens Exchange was determined
in accordance with the Athens Exchange Rule Book,
in combination with Decision no. 26 of the ATHEX
Board of Directors, as in force. The beneficiaries en-
titled to the capital return in the form of payments in
the sum of Euro 0.10 per share were the persons
registered as shareholders in the Dematerialised
Securities System (DSS) on 20/10/2015.
The capital return was settled on the 23/10/2015.
