| Notes to the income statement | ||||||||
| GROUP | PARENT | |||||||
| 2013 | 2012 | 2013 | 2012 | |||||
| Other operating income | ||||||||
| Sales gains from direct investments | 731,852 | 1,529,891 | 509,367 | 1,319,597 | ||||
| Other income | 196,712 | 205,045 | 409,438 | 532,903 | ||||
| Total | 928,564 | 1,734,936 | 918,805 | 1,852,500 | ||||
| Average number of personnel employed by the company during the financial year | 30 | 29 | 30 | 29 | ||||
| Personnel expenses | ||||||||
| Salaries and fees | 2,855,055 | 2,800,240 | 2,855,055 | 2,800,240 | ||||
| Pension expenses | 459,147 | 471,096 | 459,147 | 471,096 | ||||
| Other personnel expenses | 161,613 | 118,056 | 161,613 | 118,056 | ||||
| Total | 3,475,816 | 3,389,392 | 3,475,816 | 3,389,392 | ||||
| Salaries and fees paid to management | ||||||||
| Board of Directors | 115,700 | 111,100 | 115,700 | 111,100 | ||||
| President & CEO | 282,496 | 252,133 | 282,496 | 252,133 | ||||
| Management Group | 1,262,390 | 1,151,590 | 1,262,390 | 1,151,590 | ||||
| The Management Group’s salaries and fees include the salaries and fees of the President & CEO and of his deputy. | ||||||||
| The remunerations paid to Board members are decided by the Annual General Meeting (AGM). The AGM held on 26 March 2013 decided on the following monthly sums: Chairman of the Board: €1,500; Deputy Chairman of the Board: €850; and other members of the Board: €700; and in addition to the monthly remuneration, all members of the Board €500 per meeting. | ||||||||
| The Board of Directors decides on the pay principles, total pay and bonus scheme for the President & CEO and other members of the company’s Management Group. The Management Group comprised the President & CEO and on average six other members during the financial year. All the company’s personnel were included in the bonus scheme during 2013. | ||||||||
| Depreciation of non-current assets | 2013 | 2012 | 2013 | 2012 | ||||
| Depreciation of intangible rights | 97,143 | 94,265 | 97,143 | 94,265 | ||||
| Depreciation of machinery and equipment | 54,208 | 72,068 | 54,208 | 72,068 | ||||
| Total | 151,351 | 166,333 | 151,351 | 166,333 | ||||
| Other operating expenses | ||||||||
| The Group’s and parent company’s other operating expenses in 2013 include sales losses on direct investments of €5,128,475 (€40,495 in 2012). | ||||||||
| GROUP | PARENT | |||||||
| Auditor’s fees | 2013 | 2012 | 2013 | 2012 | ||||
| Audit fees | 24,285 | 18,389 | 18,426 | 14,084 | ||||
| Tax advice | 2,480 | 3,260 | 2,480 | 3,260 | ||||
| Other fees | 5,084 | 19,363 | 5,084 | 15,400 | ||||
| Total | 31,849 | 41,011 | 25,990 | 32,743 | ||||
| 2013 | 2012 | 2013 | 2012 | |||||
| Financial income and expenses | ||||||||
| Income from investments in non-current assets | 21,043,055 | 11,798,917 | 20,755,320 | 10,856,333 | ||||
| Other interest and financial income | 10,762,230 | 12,302,367 | 10,762,066 | 12,302,250 | ||||
| Reductions in value of investments in non-current assets | -27,942,444 | -14,326,601 | -31,578,107 | -15,050,833 | ||||
| Reductions in value of investments in current assets | -250,930 | 3,122,086 | -250,930 | 3,122,086 | ||||
| Other interest and financial expenses | -861,630 | -1,420,195 | -861,630 | -1,420,195 | ||||
| Total | 2,750,280 | 11,476,575 | -1,173,281 | 9,809,641 | ||||
| Extraordinary items | ||||||||
| Extraordinary income / Group contribution | 17,137 | 17,451 | ||||||
| Extraordinary expenses / Group contribution | -2,000 | -2,000 | ||||||
