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Regulatory Authority:
Ministry of Economy, Infrastructure, Marine and Tourism, Department for
Companies and G.E.MI.
Board of Directors:
Chairman: Socrates P. Kokkalis
Vice-Chairman: Constantinos G. Antonopoulos
CEO: Antonios I. Kerastaris
Member: Konstantinos S. Kokkalis
Member: Dimitrios C. Klonis
Member: Petros C. Souretis
Member: Sotirios N. Filos *
Member: Anastasios M. Tsoufis *
Member: Ioannis P. Tsoukaridis *
Auditing firm:
Web site:
www.intralot.com
COMPANY
31/12/2014
31/12/2015
GROUP
31/12/2014
1/1-31/12/2015
ASSETS
Tangible Assets
Investment Property
Intangible Assets
Other Non-Current Assets
Inventories
Trade Receivables
Other Current Assets
TOTAL ASSETS
166,445
5,805
328,827
146,288
42,591
202,732
276,609
1,169,297
182,794
0
348,854
139,101
52,017
215,401
416,925
1,355,092
17,338
0
83,144
175,737
24,064
127,092
35,859
463,234
8,001
0
77,804
213,230
39,085
128,809
7,875
474,804
47,689
81,874
129,563
77,819
207,382
716,094
50,738
135,280
59,803
961,915
1,169,297
47,689
169,790
217,479
100,060
317,539
557,452
50,615
175,457
254,029
1,037,553
1,355,092
47,689
52,569
100,258
0
100,258
280,673
14,777
62,200
5,326
362,976
463,234
47,689
55,994
103,683
0
103,683
172,542
15,116
108,972
74,491
371,121
474,804
COMPANY
31/12/2015
31/12/2014
317,539
343,744
103,683
115,034
118
-27,832
-153
-2,084
0
-3,425
-87
-10,774
-68,915
-13,528
0
0
0
-23,537
0
-490
28
31
0
0
0
0
0
0
0
-490
0
0
207,382
317,539
100,258
103,683
Operating Activities
Profit / (losses) before Taxation (continuing operations)
Plus/Less adjustments for:
Depreciation and Amortization
Provisions
Results (revenue, expenses, gains and losses) from Investing Activities
Interest and similar expenses
Interest and similar income
Plus/Less adjustments of working capital to net cash or related to operating
activities:
Decrease/(increase) of Inventories
Decrease/(increase) of Receivable Accounts
(Decrease)/increase of Payable Accounts (except Banks)
Less:
Income Tax Paid
Total inflows / (outflows) from Operating Activities (a)
Investing Activities
(Purchases) / Sales of subsidiaries, associates, joint ventures and other investments
Purchases of tangible and intangible assets
Proceeds from sales of tangible and intangible assets
Interest received
Dividends received
Total inflows / (outflows) from Investing Activities (b)
Financing Activities
Purchase of treasury shares
Cash inflows from loans
Repayment of loans
Bond buy backs
Repayment of finance lease obligations
Interest and similar expenses paid
Dividends paid
Total inflows / (outflows) from Financing Activities (c)
Net increase / (decrease) in cash and cash equivalents for the period (a) +
(b) + (c)
Cash and cash equivalents at the beginning of the period
Net foreign exchange difference
Cash and cash equivalents at the end of the period
COMPANY
1/1-31/12/2014
1/1-31/12/2015
1/1-31/12/2014
25,739
36,533
2,424
-2,148
98,190
9,625
-183
68,640
-18,020
87,303
10,833
-10,524
70,821
-12,495
10,158
4,404
-20,971
24,842
-6,969
8,877
94
-9,375
29,441
-6,271
1,158
-19,272
-23,905
-5,203
14,895
-10,261
8,590
10,931
-52,034
-2,300
36,235
-22,827
28,188
113,784
28,986
152,916
0
-18,625
954
30,772
-5,339
7,539
992
-695
-70,786
2,106
12,326
1,875
-59,818
-67,310
315
13,587
999
-44,870
-17,645
5
1,166
15,626
144
-18,242
0
6,361
4,162
-8,414
0
61,423
-58,781
-40,885
-11,509
-64,850
-67,682
-182,284
-490
521,243
-255,455
-6,322
-12,170
-66,165
-23,663
156,978
0
289,604
-227,806
0
0
-16,895
0
44,903
-490
22,500
-12,000
0
0
-30,026
0
-20,016
-128,318
265,024
26,422
2,342
416,925
-11,998
276,609
143,293
8,608
416,925
7,875
1,562
35,859
5,131
402
7,875
Sale Proceeds
Less: Cost of Sales
Gross Profit / (Loss)
Other Operating Income
Selling Expenses
Administrative Expenses
Research and Development Expenses
Other Operating Expenses
EBIT
1,914,885
-1,653,325
261,560
24,944
-66,420
-124,969
-6,063
-10,040
79,012
1/1-31/12/2014
COMPANY
1/10-31/12/2015
1,853,164
-1,582,930
270,234
18,630
-60,309
-119,941
-7,223
-13,249
88,142
1/10-31/12/2014
1/1-31/12/2015
1/1-31/12/2014
1/10-31/12/2015
1/10-31/12/2014
535,043
### 0
-463,138
### 0
71,905
###
###
7,170
### 0
-21,322
### 0
-33,809
### 0
-797
### 0
-4,082
### 0
19,065
###
###
523,655
-446,940
76,715
5,377
-17,752
-33,611
-382
-8,442
21,905
76,582
-44,852
31,730
38,836
-10,794
-14,002
-5,989
-4,210
35,571
85,714
-48,673
37,041
7,021
-8,446
-12,048
-7,110
-5,261
11,197
23,787
-12,382
11,405
4,885
-4,800
-5,516
-778
-22
5,174
21,228
-11,045
10,183
4,273
-3,086
-3,022
-325
-5,074
2,949
-62
-231
-40
-163
### 0
-538
-17,836
4,516
2,082
-1,986
-1,516
-1,871
### 0
-529
-68,640
18,020
3,627
-70,821
12,495
10,552
-16,783
### 0
6,681
### 0
2,089
### 0
-18,249
3,492
3,667
-24,842
6,969
2,556
-29,441
6,271
5,309
-4,486
4,346
1,964
-7,609
1,152
2,028
-4,063
-2,279
-1,265
### 0
-489
25,739
-46,415
-20,676
36,533
-44,175
-7,642
7,753
###
###
-11,801
### 0
-4,048
###
###
9,259
-13,641
-4,382
2,424
-6,054
-3,630
-2,148
-8,859
-11,007
9,085
-4,515
4,570
-1,542
-2,051
-3,593
-65,148
44,472
-49,546
41,904
-14,724
### 0
10,676
### 0
-17,477
13,095
-3,630
0
-11,007
0
4,570
0
-3,593
0
-7,156
5,558
5,093
###
###
-2,211
205
233
212
71
-27,832
-2,084
1,045
###
###
-6,593
-3,425
-10,774
4,782
-3,522
-69,149
41,317
-48,516
46,432
-11,240
### 0
12,285
### 0
-21,990
15,397
-3,425
0
-10,774
0
4,782
0
-3,522
0
-0.4111
-0.4111
177,202
-0.3117
-0.3117
175,445
-0.0929
###
###
-0.0929
###
###
45,345
###
###
-0.1099
-0.1099
43,792
-0.0229
-0.0229
45,729
-0.0693
-0.0693
20,074
0.0288
0.0288
8,576
-0.0226
-0.0226
5,041
0.00
0.00
0.00#
##
0.00
0.00
0.00
0.00
0.00
SUPPLEMENTARY INFORMATION
1. The same accounting policies have been followed as the year-end consolidated financial statements 31/12/2014 except for the changes resulting from the adoption of new or revised
accounting standards and interpretations as mentioned in note 2.1.4 of the annual financial statements.
2. The companies included in the consolidation of 31/12/2015 and not in the consolidation of 31/12/2014 due to subsequent acquisition/establishment are the following: Intralot Adriatic
d.o.o., Tecno Accion Salta S.A., Ilot Capital UK Ltd, Ilot Investment UK Ltd, Bit8 Ltd, Switch it N.V. and Intralot Services S.A. (note 2.31.A of annual financial statements). The entities
Atropos S.A., Nafirol S.A., Gain Advance Group LTD and Ktems Holdings Co LTD are in the process of liquidation. During the third quarter of 2014 the Group ceased operation and finalized
liquidation process of the subsidiaries Promarta OOO, Intralot Interactive USA LLC and DeepStack Casino LLC, while during the fourth quarter of 2014 of the subsidiaries Dinet ZAO,
Kelicom Holdings Co Ltd, Intralot Luxembourg S.A., Intralot Holdings Luxembourg S.A. and Intralot De Chile S.A.. The Group sold its share in subsidiary Intralot Czech SRO on July 2014.
Also in December 2014, the Group sold its participation in the subsidiary Intralot Egypt Ltd thus reducing its share in ECES SAE at 15.20% (the conditions of consolidation under IFRS 10
or IFRS 11 are no longer met). On 1/1/2015 Slovenske Loterie A.S. was merged with its 100% subsidiary Tactus S.R.O..During the third and fourth quarter of 2015 the Group acquired an
additional 15% of ordinary shares with voting rights in the subsidiary Intralot Inc increasing its shareholding to 100%.During the fourth quarter of 2015 the Group participated in the
share capital increase of subsidiary Intralot Interactive SA , increasing its shareholding from 93,02% to 95,95%.
3. The Groups provisions at 31/12/2015 that refer to legal issues amount to 4,8 million, those referring to unaudited tax periods and tax audit expenses amount to 3,9 million and
6,6 million refer to other provisions. The respective amounts for the Company amount to 4,6 million (legal issues), 3,3 million (provisions for unaudited tax years and tax audit
expenses) and 0,1 million (other provisions) (note 2.31.C & 2.32 of annual financial statements).
4. The number of employees of the Group at the end of the current period amounted to 5.080 (4.963 subsidiaries and associates 117) and the Company's 660. At the end of 2014 the
number of employees of the Group were 5.348 persons (subsidiaries 5.269 and associates 79) and the Company's 690.
5. Companies that are included in 31/12/2015 consolidated financial statements are presented in note 2.31.A.I & II of the annual financial statements including locations, group
percentage ownership and consolidation method.
6. The fiscal years that are unaudited by the tax authorities for the Company and the Group's subsidiaries are presented in detail in the note 2.32. of the annual financial statements.
7. The amounts of other comprehensive expense/income included directly in the Groups comprehensive income statement as at 31/12/2015 of -7,1 million (2014: 5,5 million) concern:
foreign exchange differences of -5,4 million (2014 : 8,4 million), derivative valuation of 0 million (2014: 407 k), -1,7 million (2014: -3,3 million), concerns the valuation of
available for sale financial assets, while ending amount -14 k (2014: -33 k), concerns defined benefit plans revaluation. Accordingly, the amounts of expense/income recorded in the
comprehensive income statement as at 31/12/2015 for the Company, amounted to 205 k (2014: 233 k) refer to revaluation of available for sale financial assets,amounted to -11 k
(2014 158 k) concerns valuation of derivative & 216 k (2014:75 k) concerns defined benefit plans revaluation.
8. On 31/12/2015 the Company held 470.746 treasury shares with a total acquisition cost of 490 k (note 2.22 of the annual financial statements).
9. There are no changes in accounting estimates. Certain prior year amounts have been reclassified for presentation purposes with no significant impact on the
prior year equity, turnover and earnings after tax of the Group and the Company.
10. Significant events after the end of the reporting period and up to the release date of the financial results are stated in the note 2.35 of the annual financial
statements.
11. Transactions (including income, expenses, receivables, payables) with related parties, are as follows:
GROUP
a) Income
-from subsidiaries
-from associates
-from other related parties
b) Expenses
-to subsidiaries
-to associates
-to other related parties
c) Receivables
-from subsidiaries
-from associates
-from other related parties
d) Payables
-to subsidiaries
-to associates
-to other related parties
e) BoD and Key Management Personnel transactions and fees
f) BoD and Key Management Personnel receivables
g) BoD and Key Management Personnel payables
COMPANY
0
2,931
13,343
49,674
2,954
9,514
0
420
7,659
29,516
-118
5,144
0
15,709
16,150
82,868
8,839
10,481
0
647
20,771
11,938
711
507
311,300
108
15,625
6,068
0
246
THE CHAIRMAN
OF THE BOARD OF DIRECTORS
N.G. PAVLAKIS
S. P. KOKKALIS
ID. No. 091040
A. I. KERASTARIS
G. SP. KOLIASTASIS
ID. No. AI 682788
H.E.C. License