Annual Financial Report for the period from 1st of January to the 31st of December 2012
31
- ROCE (Return on Capital Employed):
This index is derived by dividing profit before tax and financial results
to the total capital employed by the Group, these being the sum of the Net Position; the sum of loans; and long
- term forecasts.
- ROE (Return on Equity):
This index is derived by dividing profit after tax by the Group’s Net Position.
- EVA (Economic Value Added):
This metric is derived by multiplying the total capital employed with the differ-
ence (ROCE – Capital Expenditure) and constitutes the amount by which the financial value if the company in-
creases. To calculate the capital expenditure, the Group uses the WACC formula – « Weighted Cost of Capital».
The above indicators for 2012 compared to 2011 are as follows:
2012
2011
EBITDA 170.100
208.651
ROIC
20,5%
18,6%
ROE
2,3%
4,7%
EVA
48,04
79,88
ΙΙ. Significant information
During the reporting period, the Group proceed to the following:
Korinthos Power, a MYTILINEOS Group subsidiary, obtained a commercial operation permit for the power
plant rated at 436ΜW. The power plant is located at the Motor Oil industrial complex at Agioi Theodoroi,
Korinthia. The power plant’s engineering study, supply, construction and commissioning - including the closed type
substation as well - was undertaken and successfully completed by ΜΕΤΚΑ S.A., a MYTILINEOS Group subsidiary.
On April 18, 2012, the company divested six thousand six hundred and ten (6.610) fractional share balances that
resulted from the share capital increase of MYTILINEOS HOLDINGS SA for the amount of five million nine hun-
dred fifty seven thousand a hundred and forty one euros and fifty four cents (5.957.141,54€) with premium capi-
talization of reserves. The net proceed of such divestiture - after subtracting all expenses and tax - amounts to
two euro and seventy five cents (2,75 euro per share).
The Extraordinary Unsolicited and Global General Shareholder Assembly of April 26, 2012 of the 100% subsid-
iary titled «MOVAL GENERAL TRADING, INDUSTRIAL AND MINING INC», decided the following: The increase
of the Company’s share capital by the amount of six hundred thousand (600.000) euro in cash and the issu-
ance of six hundred (600.000) thousand new stocks of nominal value one (1,00) euro each, and a sale price of
seven euro and sixty six cents (7,66) for each new share with limitation of the pre-emption right of old company
shareholders and respective amendment of article 5 of Articles of Association. As a result of the above men-
tioned increase, share capital amounts to € 1.200.000,00 broken down in 1.200.000 nominal shares, € 1,00
nominal value each.
On June 11, 2012, all shares of the company titled «MOVAL GENERAL TRADING, INDUSTRIAL AND MINING
INC» were transferred to Protergia, a subsidiary of MYTILINEOS HOLDINGS SA.
