ANEK LINES SA
GECR Number: 121557860000 Head Office: 148 Karamanli Avenue, Chania
Financial data and information for the period from January 1, 2021 to December 31, 2021
The following data and information are intended to provide users with general information on the financial situation and operating results of ANEK LINES SA and the Group. Therefore, it is recommended that any user, before making any investment decision or other transaction with the Company, visit the Company’s website, where the financial statements and the auditor’s report, if any, are published.
COMPANY INFORMATION
TOTAL COMPREHENSIVE RESULT (parent company and consolidated)
Supervisory authority : Ministry of Development, Limited Company Division Company Website : www.anek.gr
Board of Directors: Katsanevakis Georgios (Chairman), Protopapadakis Spyridon (Vice-Chairman A’), Georvasakis Michael (Vice-Chairman B’), Vardinoyannis Ioannis (General Manager), Archontakis Georgios (Deputy General Manager), Markantonakis Alexandros (Non-Executive Member), Fragkiadakis Georgios (Non-Executive Member), Malandrakis Ioannis (Independent Non-Executive Member), Bailakis Andreas (Independent Non-Executive Member), Bras Ioannis (Independent Non-Executive Member), Tsigaloglou Christianna (Independent Non-Executive Member)
Date of closing of the annual accounts: April 15, 2022
Statutory auditors – chartered accountants: Diamantoulakis Emmanouil (SOEL registration number 13101) – Kollyris Nikolaos (SOEL registration number 35591) Audit firms: GRANT THORNTON (Reg. No 127), SOL SA (Reg. No 125)
Type of auditors’ report: Unqualified opinion – Material uncertainty related to the going concern assumption
(Amounts in thousands of euros)
Group from 01.01 to 31.12.2021 31.12.2020
Company from 01.01 to 31.12.2021 31.12.2020
Turnover
149.997
124.452
129.411 109.986
Gross profit / (loss)
17.047
14.768
11,143 10,081
Profit / (loss) before tax, results of financing and investments (EBIT) Profit / (loss) before tax (EBT)
(3.911)
(4.463)
(6.058) (5.989)
(40.087)
(13.478)
(43,780) (14,567)
Profit / (loss) after tax (A)
(40.222)
(14.146)
(43,892) (14,765)
Owners of the parent company Non-controlling interests
(41.702)
(15.095)
1,480
949
– –– –
STATEMENT OF FINANCIAL POSITION (parent company and consolidated)
Other comprehensive income after tax (Β)
Total comprehensive income after tax (Α) + (Β)
(486) (40.708)
(3) (14,149)
(58) (43,950)
(3) (14,768)
(Ποσά εκφρασμένα σε χιλιάδες ευρώ)
Group 31.12.2021
31.12.2020
Company 31.12.2021
31.12.2020
ASSETS Tangible fixed assets Real estate investments Intangible fixed assets
230.546
263.259
218.413
255.834
1.568
1.748
540 672
166
217
166 217
Other non-current assets Inventories
2.038
2.539
8.830 8.901
3.848
2.689
2,327 1,597
Receivables
30.302
30.921
26.103 30.052
Owners of the parent company Non-controlling interests
(41.897)
(15.099)
1.189
950
– –– –
Basic result / (loss) after tax per share – (in €)
Diluted earnings / (loss) after tax per share – (in €)
(0.1855) (0.1855)
(0.0800) (0.0800)
(0.1952) (0.0783)
(0.1952) (0.0783)
Proposed dividend per share – (in €)
–
–
–
–
Profit / (loss) before tax, financing and investment results, depreciation and amortization (EBITDA)
7.030
6.826
4.065
4.781
Other current assets
6,790
6.186
4.819
4,870
Cash and cash equivalents TOTAL ASSETS
5.653 280.911
11.421 318.980
1,643 3,405
262.841 305.548
CASH FLOW STATEMENT (parent company and consolidated)
EQUITY AND LIABILITIES Share the capital
Other equity items
67,440 (121,943)
67.440 (80.046)
67.440
67.440
(119.884) (75.955)
Equity attributable to shareholders of the parent company (a)
(54.503)
(12.606)
(52.444) (8.515)
Non-controlling interests (b)
Total equity (c) = (a) + (b)
14.020 (40.483)
Long-term borrowings
Provisions and other long-term liabilities Short-term borrowings
Other current liabilities
Total liabilities (d)
TOTAL EQUITY AND LIABILITIES (c) + (d)
– 18,122 260,099 43,173 321.394 280.911
13.179 573 – 16,023 252,862 49,522 318.407 318.980
– (52.444)
– (8.515)
–
–15.029 14.104
260.099 252.862
40,157 47,097
315.285 314.063
262.841 305.548
(Amounts in thousands of euros)
Group from 01.01 to 31.12.2021 31.12.2020
Company from 01.01 to 31.12.2021 31.12.2020
Operational activities
Profit / (loss) before tax Adjustments for:
(40.087)
(13.478)
(43.780)
(14.567)
Amortization Subsidies Amortization
10.947
11.296
(6)
(7)
(Gain) / loss on disposal of property, plant and equipment Provisions
(11)
(6)
(123)
1.328
Exchange differences Results of investment activity
521
(384)
10,123 – – 2,276 521
10.771 – – 1.247 (384)
25.777
(2.234)
27.402 (2.683)
Financial charges (less financial income)
9.510
9.331
9.432 9.342
6.528
5.846
5,974 3,726
STATEMENT OF CHANGES IN EQUITY (corporate and consolidated)
working capital:
(Amounts in thousands of euros)
Equity at the beginning of the year (01.01.2021 and 01.01.2020, respectively)
Group 31.12.2021 573
31.12.2020 4.883
Company 31.12.2021
31.12.2020
(8.515)
(3.933)
Decrease / (increase) in inventories Decrease / (increase) in receivables
(1.275)
Increase / (decrease) in liabilities (other than borrowings)
(273) (1.011)
445 5.578 (2.088)
(730)
(742) (1.424)
450 5.613 (2.630)
Total comprehensive income after tax
(40.708)
(14.149)
(43.950)
(14.768)
Capital increase (less related costs) Dividends paid
– (348)
10.698
Other equity movements
Equity at the end of the year (31.12.2021 and 31.12.2020, respectively)
– (40.483)
(348) (511) 573
– – 21 (52.444)
10.698 –
(512)
(8.515)
Less:
Interest and finance charges paid Income tax paid
(1.221)
(1.423)
(1.129) (1.406)
Cash flow from operating activities (a)
(632) 2.116
(516) 7.842
(146) (172)
1,803 5,581
ADDITIONAL DATA AND INFORMATION
Investing activities
Acquisition of Affiliates, Securities and Other Investments
–
(2)
–
(2)
1. The Group’s entities included in the consolidated financial statements are presented in note 1 of the annual financial statements as of 12.31.2021, including the locations, the Group’s percentage ownership and the method of consolidation. 2. The basic accounting principles adopted in the financial statements are consistent with those of the 2020 annual financial statements, adjusted with revisions to IFRS. 3. There is no litigation or arbitration against the Group likely to significantly affect the financial situation.Τit recorded relevant provisions at 31.12.2021 for the Group and the Company amounting to € 1,463 thousand for the Group and the Company. 4. The number of employees at 12.31.2021 was 658 (598 for the Company) and at 12.31.2020 670 (617 for the Company). 5. At the end of the period, no shares of the parent company were held by the parent company or by any subsidiary or associated company. 6. The Group’s “other comprehensive income” in the statement of comprehensive income for the year 2021 refers to € 462 thousand to the effect of differences in the revaluation of land after tax, by € 53 thousand (positive) to the change in the tax rate on deferred property taxes and by € 77,000 to post-tax actuarial losses, whereas in 2020 referred entirely to post-tax actuarial profits. Other equity movements” in the statement of changes in equity for the year 2020 refers to the impact of the revaluation of the convertible bond loan reserve following the partial conversion of the bond loan. 7. The provisions for the unaudited fiscal years of the Group companies, presented in note 22 of the annual accounts, amount to € 220 thousand (€ 166 thousand for the Company). Accumulated provisions for bad debts amount to € 46.755 thousand for the Group and € 47,560 thousand for the Company, while provisions for end-of-career indemnities amounted to € 1,459 thousand for the Group and at € 1,390 thousand for the Company. Other provisions amount to € 157 thousand go th Group and € 151 thousand for the Society. 8. The ratio “Earnings / (losses) after taxes per basic share – (in €)” are calculated on the basis of the weighted average number of total shares. For the calculation of the diluted earnings per share, the potential shares of the convertible bond of the parent company have been taken into account according to the applicable issue conditions and the requirements of IAS 33. 9. Intra-group transactions (inflows and outflows) since the beginning of the current year and inter-company balances at 31.12.2021 resulting from transactions with related parties, as defined by IAS 24, are as follows:
(Amounts in thousands of euros)
Group
Company
-
a) Entrances
2 5.968
-
b) Outputs
3,530 3,595
-
c) Receivables
13,602 17,764
-
d) Debts
102.531 103.232
-
e) Remuneration of the main executives
1,581 1,317
-
f) Claims on key management
-
g) Payables to key management
– 13
– 13
Proceeds from the sale of shares and holdings Purchase of tangible and intangible fixed assets
25
51
(2.808)
(952)
25 (26)
– (170)
Proceeds from sale of property, plant and equipment Interest received
13
20
Dividends received
Cash flow from investing activities (b)
14 – (2.756)
36 – (847)
– – 163 162
– 1,163 (8)
Fundraising activities
Proceeds from the capital increase
Capital increase fee payments Financial lease payments
– – (3.918)
–
(146)
(3.573)
– – (2.911)
– -146 (3.573)
Payments from operating leases Income from borrowings Payment of borrowings Dividends paid
(224)
(206)
(145)
(132)
– (671) (315)
550
(336)
– (671)
– (336)
(361)
–
–
Cash flow from financing activities (c)
(5.128)
(4.072)
(3.727) (4.187)
Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)
Cash and cash equivalents at the beginning of the year
(5.768) 11.421
Cash and cash equivalents at the end of the year
5.653
2.923 8.498 11.421
(1.762) 1.386
3,405 2,019
1,643 3,405
Chania, April 15, 2022
THE VICE-PRESIDENT A’
THE DIRECTOR GENERAL
THE FINANCIAL DIRECTOR
THE CHIEF ACCOUNTANT
SPYRIDON I. PROTOPAPADAKIS
IOANNIS I. VARDINOYANNIS
STYLIANOS I. STAMOS
ID number ΑΑ 490648
ID number Π 966572
ID number ΑΜ 480641
IOANNIS E. SPANOUDAKIS HEC license n° 20599 Class A’
