Annual Financial Report for the period from1st of January to the 31st of December 2013
31
The above indicators for 2013 compared to 2012 are as follows:
2013 *adj. 2012
EBITDA 231.899
171.225
ROIC
17,35%
19,89%
ROE
2,05%
1,95%
EVA
70,588
44,624
Adj. EBITDA 2012* : EBITDA figure as at 31/12/2012 is adjusted due to IAS 8 (Accounting Policy Change for
cost recognition «Electrolysis pots relining», of the subsidiary Aluminium S.A. by 8.364 m€) as well as to IAS
19 (-7.293 m€).
ΙΙ. Significant information
During the reporting period, the Group proceed to the following:
On 25/2/2014, the Ministry of Environment, Energy and Climate Change announced the agreement between
DEPA and Gazprom for the retroactive price discount for gas supplied by the latter, a discount that will be
passed to consumers.
Said discount, according to the announcement, amounts to 15% over current prices and has a retrospective
effect, in accordance with the intergovernmental agreement, from 1/7/2013.
The Group has calculated the positive impact of said discount for 2013 that amounts to approximately € 12mio
for its total gas consumption during the period from 1/7/2013 to 31/12/2013. More specifically, the impact on
Group’s Results and Equity is as follows:
Amounts in mio€
Impact on Group’s Operating Result
12,00
Impact on Group’s Earnings
after tax and minorities
8,08
Equity attributable to Parent’s shareholders:
8,08
The final positive impact will be recorded in the Group’s results in 2014 when the retroactive pricing from DEPA
is effected. The period of said retroactive pricing will be from 1/7/2013 until the last date invoiced with the
previous (before the discount) price.
