Dromeas : Figures and Information for the period of 01/01/2022-31/12/2022

PAPAPANAGIOTOU SA - "DROMEAS"

ANONYMOUS INDUSTRIAL COMPANY OF TRADE AND REPRESENTATIVES

GEMI. 114048152000 (S.A. Register Number 11045/06/Β/86/10)

HEADQUARTERS: INDUSTRIAL AREA OF SERRES - MUNICIPALITY OF LEFKONAS SERRON

DETAILS AND USAGE INFORMATION FROM JANUARY 1, 2022 TO DECEMBER 31, 2022

(published on the basis of Law 4548/2018, article 149 for companies that prepare annual financial statements, consolidated and non-consolidated, according to IFRS)

The figures and information illustrated below, derived from the financial statements, provide a general information about the financial position and results of "PAPAPANAGIOTOU S.A. - DROMEAS" and of the Group of companies "PAPAPANAGIOTOU S.A. - DROMEAS". We advise the reader, before making any investment decision or other transaction concerning the company, to visit the company's web site where the audit report of the external auditor and the financial statements are presented, according to the International Financial Reporting Standards.

Competent Authority - Prefecture:		Ministry of Development, Directorate of Limited Companies and Credit, Directorate of Companies & G.E.MH.
Website address:		www.dromeas.gr
Date of Approval of Annual Financial Statements:		25 April 2023
Board of Directors:		Prsident and CEO: Athanasios Κ. Papapanagiotou.
		Vice President and Non Executive Member: Grigorios B. Zarotiadis , Executive Members: Konstantinos A. Papapanagiotou (deputy president), Stavroula A. Papakonstantinou
		Independand, Non Executive Members: Panangiotis Α. Panangiotakakis, Ιoannis Κ. Verginis.
Certified Auditor		Dimitrios G. Plastaras Register Number of the Body of Certified Auditors Accountants 27771)
Accountant: Auditing Firm:		METRON AUDITING S.A. (Register Number of the Body of Certified Auditors Accountants 158)
Type of auditor's report:		Confirmed Opinion
	BALANCE SHEET							STATEMENT OF CHANGES IN SHAREHOLDER EQUITY
(consolidated and non consolidated) amounts in thousand €						(consolidated and non consolidated) amounts in thousand €
		THE GROUP		THE COMPANY			THE GROUP	THE COMPANY
ASSETS	31/12/22			31/12/21	31/12/22	31/12/21			1/1-31/12/22	1/1-31/12/21		1/1-31/12/22	1/1-31/12/21
Non current tangible fixed assets	34,788,626.74			34,879,472.84	31,435,777.47	31,544,409.82		Total equity capital at beginning of period (1/1/22 and 1/1/21 respectively)	28,137,190.12	27,234,485.53		28,792,649.89	27,995,196.13
Intangible assets	157,934.36			105,678.83	114,314.36	54,788.86		Total comprehensive income after taxes	798,572.67	1,048,538.38		870,348.58	953,926.64
Other non-current assets	744,934.21			734,568.39	3,833,244.57	3,822,878.76		Distributed Dividends	0.00	0.00		0.00	0.00
Inventories	14,695,844.65			13,411,753.98	14,488,465.77	13,182,614.16		Other changes	83,023.41		(145,833.79)		0.00		(156,472.88)
Advances for inventories purchase	297,823.93			447,489.62	296,258.05	446,023.80		Total equity capital at end of period(30/06/21 and 30/06/20 respectively)	29,018,786.20	28,137,190.12		29,662,998.47	28,792,649.89
Trade receivables	11,853,369.52			11,706,559.77	12,399,703.95	12,433,853.72
Other current assets		3,754,069.57			3,741,129.24		3,314,440.89		3,369,996.64
TOTAL ASSETS	66,292,602.98			65,026,652.67	65,882,205.06	64,854,565.76
											CASH FLOW STATEMENT
EQUITY CAPITAL & LIABIBLITIES											(consolidated and non consolidated) amounts in thousand €
Share capital	10,763,200.00			10,763,200.00	10,763,200.00	10,763,200.00			THE GROUP	THE COMPANY
Other equity capital		18,088,008.14			17,205,914.10		18,899,798.47		18,029,449.89			1/1-31/12/22	1/1-31/12/21		1/1-31/12/22	1/1-31/12/21
Total Equity Capital of Parent Company's Holders (a)	28,851,208.14			27,969,114.10	29,662,998.47	28,792,649.89		Operational Activities
Minority interest (b)		167,578.06			168,076.02		0.00		0.00		Profit /(loss) before taxes (continuing activities)	1,062,549.37	1,022,720.50		1,128,806.75	932,102.06
Total Equity capital (c) = (a)+(b)		29,018,786.20			28,137,190.12		29,662,998.47		28,792,649.89		Plus / minus adjustments for :
Long - term loan liabilities	15,483,900.00			16,955,300.00	15,434,000.00	16,805,000.00		Depreciation	1,316,298.70	1,280,427.96		1,194,434.75	1,169,863.58
Deferred long - term tax liabilities	3,449,532.88			3,452,722.30	3,226,349.27	3,235,057.22		Provisions	154,915.90	200,849.47		147,417.90	200,849.47
Provisions / Other long-term liabilities	2,129,576.28			2,305,555.80	1,503,216.16	1,663,150.35		Exchange differences	(741.14)	9,235.73		(741.14)	9,235.73
Short - term loan liabilities	10,170,599.35			9,511,109.66	10,070,132.38	9,410,798.09		Debit interest and similar expenses	1,171,913.56	1,177,492.35		1,157,619.49	1,157,350.37
Other short - term liabilities		6,040,208.27			4,664,774.79		5,985,508.78		4,947,910.21		Returns (income, expenses, profit, loss) from investment activity	(148,818.73)	(59,701.44)		(148,818.73)	(59,701.44)
Total liabilities(d)		37,273,816.78			36,889,462.55		36,219,206.59		36,061,915.87		Plus/minus adjustments concerning changes in working capital accounts
TOTAL EQUITY CAPITAL AND LIABILITIES (c) + (d)	66,292,602.98			65,026,652.67	65,882,205.06	64,854,565.76		or related to operating activities:
											Increase (decrease) in inventories	(1,134,424.97)	684,359.98		(1,156,085.86)	634,368.06
	INCOME STATEMENT							Increase/decrease in other receivables	(132,759.07)	(1,650,862.14)		72,190.29	(1,842,266.90)
(consolidated and non consolidated) amounts in thousand €						Increase/decrease in liabilities (excluding loans)	1,108,267.35	(136,227.30)		770,432.45	237,586.13
											Minus:
		THE GROUP		THE COMPANY		Income taxes paid	(12,038.33)		(800.00)		(3,350.00)		0.00
	1/1-31/12/22			1/1-31/12/21	1/1-31/12/22	1/1-31/12/21		Total of cash flow (inflows - outflows) from operating activities (a)	3,385,162.64	2,527,495.11		3,161,905.90	2,439,387.06
Turnover	25,943,610.01			22,101,002.09	25,697,712.66	21,887,135.55		Investemetn Activities
Gross profit/(loss)	9,674,884.25			8,983,227.05	9,441,566.44	8,628,075.37		Purchase of tangible and intangible fixed assets and other investments	(1,335,165.85)	(819,400.52)		(1,270,110.84)	(856,164.90)
Profit / (loss) before taxes, interest and investment results											Proceeds from the sales of tangible and intangible assets	7,953.23	26,645.00		7,953.23	26,645.00
αποτελεσμάτων	2,234,462.93			2,200,212.85	2,285,833.74	2,088,002.46		Proceeds from sale of financial investments	0.00	0.00		0.00	0.00
Profit / (loss) before taxes		1,062,549.37			1,022,720.50		1,128,806.75		932,102.06		Interest received	592.49	1,449.98		592.49	1,449.98
Profit / (loss) after taxes (A)		798,572.67			1,048,538.38		870,348.58		953,926.64		Proceeds from dividends	0.00	0.00		0.00	0.00
Equity holders of Parent company	798,603.68			1,044,250.53	870,348.58	953,926.64		Increase/(decrease) in other long - term receivables	0.00		0.00		0.00		0.00
Minority interest	(31.01)			4,287.85	0.00	0.00		Total of cash flow (inflows - outflows) from investment activities (b)	(1,326,620.13)	(791,305.54)		(1,261,565.12)	(828,069.92)
											Financing Activities
Other total earnings after taxes (B		0.00			0.00		0.00		0.00		Proceeds from increase of Share Capital	0.00	0.00		0.00	0.00
Total comprehensive earnings after taxes (A) + (B)		798,572.67			1,048,538.38		870,348.58		953,926.64		Dividends paid	0.00	0.00		0.00	0.00
Equity holders of Parent company	798,603.68			1,044,250.53	870,348.58	953,926.64		Proceeds from issued/received loans	11,837,510.00	11,547,227.24		11,837,510.00	11,547,227.24
Minority interest	(31.01)			4,287.85	0.00	0.00		Repayment of loans	(13,820,491.31)	(13,858,951.29)		(13,706,795.82)	(13,737,114.73)
											Repayment of finance lease liabilities (amortization)	0.00		0.00		0.00		0.00
Profit / (loss) after taxes per share (in €)		0,0230			0,0301		0,0251		0,0275		Total of cash flow (inflows - outflows) from financing activities ( c)	(1,982,981.31)		(2,311,724.05)		(1,869,285.82)		(2,189,887.49)
Proposed Dividend						0.0000	0.0000		Net increase/(decrease) in cash and	75,561.20	(575,534.48)		31,054.96	(578,570.35)
Profit / (loss) before taxes, interest and investment results											cash equivalents (a)+(b)+( c)
and total depreciation		3,550,761.63			3,480,640.81		3,480,268.49		3,257,866.04		Cash and cash equivalents at beginning of period	2,960,922.75		3,536,457.23		2,754,864.40		3,333,434.75
											Cash and cash equivalents at end of period	3,036,483.95	2,960,922.75		2,785,919.36	2,754,864.40
									ADDITIONAL FIGURES AND INFORMATION
1. The Group of companies that are included in the consolidated financial statements with their addresses and the percentage of				7. The amounts of purchases and sales (transactions) from the beginning of the fiscal year and the balances of assets and
ownership are as follows:											liabilities at the end of the current fiscal year, resulting from transactions with related parties, according to IFRS 24, are as
Full consolidation method											follows (in €):
PAPAPANAGIOTOU S.A. - DROMEAS, Industrial Area of Serres	Parent company
Κ.Ε.Μ. Α.Β.Ε.Ε., IND.AREA SERRES	92.54%												THE GROUP	THE COMPANY
DROMEAS B.G. EAD, Sofia-Bulgaria	100.00%											12/31/2022		12/31/2022
No changes in the incorporation method have occurred and there are no companies or / and joint ventures not included in the				a) Income		-		200,523
consolidated Financial Statements.											b) Expenses		49,475		1,039,581
2. All accounting principles applied in these Financial Statements are the same as those applied at 31/12/2021						c) Receivables from related parties		-		589,723
3. For the real estate encumbrances on fixed assets and mechanical equipment of the company and the group, we refer to the notes of				d) Liabilities to related parties		5,982		233,378
the half-yearly financial report.											e) Transactions and remunerations of managers and Board members		412,708		377,098
4. The number of employees in the group and the company is:											f) Receivables from managers and Board members		77,961		-
		THE GROUP		THE COMPANY		g) Liabilites of managers and Board members		24,502		24,502
	12/31/2022			12/31/2021	12/31/2022	12/31/2021
Employees (at mentioned period)	62			54	61	51		8. The profit per share in the current and previous period have been calculated according to the weighted average number of
Workers (at mentioned period)		246			226		225		203		shares of the Parent company.
Total	308			280	286	254		9. The unaudited tax years of the Parent company and of the other Group companies are presented in detail in the corresponding
											section of the annual financial report.
5. There are no litigious or arbitrated disputes of judicial or administrative bodies, which may have a significant impact				10. At the end of the current fiscal year, there are no shares of the Parent company possesed by the Parent company or by the
in the financial situation of the company and the group.											subsidiaries and associated companies.
6. The amount of the provision for bad debts on 12/31/2022 amounts to €735,530 for the group and €735,530 for the company				11. There are no other significant issues after 30/6/2022, which would diversify the published data and information in
€733,150. The company has no disputed tax cases. The other provisions that have been formed amount to						the Financial Statements
31/12/2022 for the group at €242,537 and for the company at €229,854.							12. There has not occurred an interruption of individual sectors or company of the Group.
More information in the respective notes of the annual financial report.							13. Analysis of the other changes in Equity capital is included in the respective notes of the Annual Financial Report.

Chairman and CEO	THE EXECUTIVE MEMBER	Chief Accountant
ATHANASIOS K. PAPAPANAGIOTOU	KONSTANTINOS PAPAPANAGIOTOU	THEODOROS TRIANTAFYLLIDIS
I.D. ΑM 430530	I.D. AO 224161	First Class Accountant, Reg. No.: 65724