Annual Financial Report for the period from1st of January to the 31st of December 2013
43
a. 35%regarding energy fromphotovoltaic plants (except in cases of the «special programof development
of photovoltaic systems in buildings») and
b. 10% regarding energy from other RES and HeCoGens,
in both cases (a) and (b) calculated on the total value of energy sold in 2013.
2.
On expiry of the period referred to in paragraph 1 and until issuance and delivery of the credit note
referred to in this paragraph, the obligation of LAGIE for the Interconnected System and DEDDIE for the
Non Interconnected System, to pay to RES and HeCoGens producers the price for the volume of electricity
delivered from the month of entry into force of said Law and onwards, shall be suspended. The General
Secretariat of Public Revenues is hereby authorized to determine by decision the details regarding the tax
treatment of the transaction described in paragraph 1 and the present.
3.
For RES and HeCoGen projects that issue the credit note pursuant to para. 1 the excise tax of L. 4093/2012,
as amended and in force, is recalculated on the reduced, after the credit note discount, proceeds from the
sale of energy for the reference year 2013.
The Group has calculated the possible impact on consolidated Results and Consolidated Equity, whether the
provisions of the above article of the draft law are to be implemented. Said impact is as follows:
Amounts in mio€
Impact on Group’s Operatg Result
2,88
Impact on Group’s Earngs after
2,64
tax and morities
Impact on Group’s Equity:
2,64
The group monitors the developments regarding this draft law and will recognize the appropriate impact
on the results of the year 2014. Said impact is to be crystalized after the voting of the final text of the Law,
following the assessment of comments obtained during the process of public consultation of the draft law,
comments which were in total negative.
Evangelos Mytilineos
Chairman & Chief Executive Officer
MYTILINEOS S.A. – HOLDING
