52
53
Interim Financial Statements
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
30/06/2016
31/12/2015
30/06/2016
31/12/2015
Suppliers
254.283
305.295
13.891
17.994
Customers’ Advances
64.824
61.277
-
-
Liabilities to customers for project implementation
159.216
200.719
-
-
Total
478.323
567.291
13.891
17.994
8.21 Trade Creditors
8.22 Share Capital
On 18 May 2015, the 1st Repeat Annual General Meeting of the Company’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 concern-
ing 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 Register
(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 Company’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 Company’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 entitled to the capital return in the form of payments in the sum of Euro 0.10 per share were the persons registered as share-
holders in the Dematerialised Securities System (DSS) on 20/10/2015.
The capital return was settled on the 23/10/2015.
8.23 Financial Assets – Financial Liabilities
The following table presents financial assets and liabilities measured at fair value in the statement of financial position in accordance with
the fair value hierarchy. This hierarchy groups financial assets and liabilities into three levels based on the significance of inputs used in
measuring the fair value of the financial assets and liabilities. The fair value hierarchy has the following levels:
- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;
- Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or
indirectly (i.e. derived from prices); and
- Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The level within which the financial asset or liability is classified is determined based on the lowest level of significant input to the fair value
measurement.
The Group’s financial assets and liabilities measured at fair value in the statement of financial position are grouped into the fair value hier-
archy for 30/06/2016 and 31/12/2015 as follows:
MYTILINEOS GROUP
(Amounts in thousands
€
)
30/06/2016 Level 1 Level 2 Level 3
Financial Assets
Financial assets at fair value through profit or loss
Stock Shares
1.160
1.160
-
-
Bank Bonds
58
58
-
-
Financial Assets Available For Sale
1.270
1.150
8
112
Commodity Futures
1.582
-
1.582
-
Financial Assets
4.070
2.367
1.591
112
Financial Liabilities
Foreign Exchange Swap Contracts (Swaps)
3.402
-
3.402
-
Foreign Exchange Contracts For Cash Flow Hedging (Forward)
783
-
783
-
Commodity Options
5.337
-
5.337
-
Financial Liabilities
9.521
-
9.521
-
MYTILINEOS GROUP
(Amounts in thousands
€
)
31/12/2015 Level 1 Level 2 Level 3
Financial Assets
Financial assets at fair value through profit or loss
Stock Shares
1.020
1.020
-
-
Bank Bonds
57
57
-
-
Financial Assets Available For Sale
2.253
2.132
8
112
Financial Assets
3.330
3.209
9
112
Financial Liabilities
Foreign Exchange Swap Contracts (Swaps)
3.198
-
3.198
-
Foreign Exchange Contracts For Cash Flow Hedging (Forward)
1
-
1
-
Foreign Exchange Contracts (Forward)
(11)
-
(11)
-
Options
205
-
205
-
Financial Liabilities
3.392
-
3.392
-
MYTILINEOS S.A.
(Amounts in thousands
€
)
30/06/2016 Level 1 Level 2 Level 3
Financial Assets
Financial assets at fair value through profit or loss
Stock Shares
30
30
-
-
Bank Bonds
58
58
-
-
Financial Assets Available For Sale
112
-
-
112
Financial Assets
200
88
-
112
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015 Level 1 Level 2 Level 3
Financial Assets
Financial assets at fair value through profit or loss
Stock Shares
93
93
-
-
Bank Bonds
57
57
-
-
Financial Assets Available For Sale
112
-
-
112
Financial Assets
262
150
-
112
