On 31.12.2013, the Group incorporated in the financial statements the following Bulgarian-based companies with the equity method of consolidation: Karieri AD with ownership percentage 48.711% (31.12.2012: 48.711%), Karierni Materiali AD with ownership percentage 48.764% (31.12.2012: 48.764%), Vris OOD with ownership percentage 48.764% (31.12.2012: 48.764%).
All of the aforementioned companies operate in the aggregates business and are not listed on a public exchange market.
The Group's percentage ownership in Transbeton-Domiki S.A., which is incorporated into the Group's financial statements using the equity method of consolidation, was 49.9% until 30.9.2012. On 1.10.2012, the Group acquired an additional 0.1% stake from the other major shareholder of Transbeton-Domiki S.A., thus increasing its ownership percentage to 50.0%. Following the aforementioned acquisition, the Group participates in the joint control of Transbeton-Domiki S.A. and incorporates it in the Group's financial statements with the proportionate consolidation method.
Transbeton-Domiki S.A. operates in the aggregates and ready-mix business and is not listed on a public exchange market.
The following table illustrates summarized financial information for the companies mentioned above:
|
Group |
| (all amounts in Euro thousands) |
2013 |
2012 |
| Property, plant and equipment |
6.457 |
7.394 |
| Intangibles and other non-current assets |
2.553 |
2.551 |
| Current assets |
2.520 |
1.450 |
| Total assets |
11.530 |
11.395 |
| Non-current liabilities |
1.192 |
1.294 |
| Current liabilities |
7.909 |
7.367 |
| Total liabilities |
9.101 |
8.661 |
| Carrying amount of the investment |
2.429 |
2.734 |
| Revenue |
4.339 |
4.970 |
| Cost of sales |
-2.659 |
-3.661 |
| Gross profit before depreciation |
1.680 |
1.309 |
| Other expense |
-42 |
-11 |
| Administrative expenses |
-686 |
-712 |
| Selling expenses |
-92 |
-144 |
| Profit before interest, taxes and depreciation |
860 |
442 |
| Depreciation |
-1.116 |
-1.113 |
| Loss before interest, taxes |
-256 |
-671 |
| Finance costs |
-75 |
-196 |
| Loss before income tax |
-331 |
-867 |
| Income tax expense |
26 |
26 |
| Group's share of loss for the year |
-305 |
-841 |