METKA ANNUAL REPORT 2015 - page 118-119

118
119
Annual Financial Statements for FY 2015
04
The financial instruments of the Group and the Company, valued at the fair value on a recurring basis, are registered at the following
three levels:
The book value of the following financial data of assets and liabilities is considered to be a logical approach to their fair value:
Trade and other receivables
Cash and cash equivalents
Suppliers and other liabilities.
Borrowing
43. Capital management policies and procedures
Group’s capital management objectives are to ensure its ability to continue as a going –concern. This is achieved through
the assuring of preserving borrowing ability. Furthermore, other objective is to provide an adequate return to the sharehold-
ers and the achievement of its contractual obligations.
The Group monitors capital on a basis of net debt to equity. The ratio for the years 2015 and 2014 is as follows:
Group policy is to keep borrowing at a low level. Furthermore, Group policy is to borrow only when it is necessary and for
short-term. The above ratio analysis shows the achievement of management goals as far as the capital management is
concerned.
44. Subsequent events
There are no other significant events taking place after 2015, which concern either the Group or the Company and for which
disclosure is required by International Financial Reporting Standards
Athens, the 21
st
of March 2016
In 2015 and 2014 there were no transfers between level 1 and 2. The Group and Company have not classified financial instruments in
level 3.
Group METKA
31/12/ 2015
Level 1
Level 2
Level 3
(Amounts in thousands €)
Financial assets
Financial assets at fair value through profit or loss
Stock Shares
-
-
-
-
Financial Assets Available For Sale
9
-
9
-
Total
9
-
9
-
Group METKA
31/12/ 2014
Level 1
Level 2
Level 3
(Amounts in thousands €)
Financial assets
Financial assets at fair value through profit or loss
Stock Shares
2,500
2,500
-
-
Financial Assets Available For Sale
31
-
31
-
Total
2,531
2,500
31
-
METKA S.A.
31/12/ 2015
Level 1
Level 2
Level 3
(Amounts in thousands €)
Financial assets
Financial assets at fair value through profit or loss
Stock Shares
-
-
-
-
Financial Assets Available For Sale
-
-
-
-
Total
-
-
-
-
METKA S.A.
31/12/ 2014
Level 1
Level 2
Level 3
(Amounts in thousands €)
Financial assets
Financial assets at fair value through profit or loss
Stock Shares
2,500
2,500
-
-
Financial Assets Available For Sale
22
-
22
-
Total
2,522
2,500
22
-
Group METKA
METKA S.A.
amounts in thousands €
2015
2014
2015
2014
Total Equity
551
508
368
377
Minus : Cash and cash equivelants
(155)
(288)
(141)
(193)
Net Debt
396
219
228
184
Total Equity
551
508
368
377
Plus : Bank Dept
4
4
-
-
Total Ocuppied Capital
555
512
368
377
Net Debt over Total Equity
7/10
4/10
6/10
5/10
CHAIRMAN AND MANAGING DIRECTOR
of the Board of Directors
CHIEF FINANCIAL OFFICER
DEPUTY MANAGING DIRECTOR
THE CHIEF ACCOUNTANT
IOANNIS G. MYTILINEOS
I.D. No AE044243/2007
SPYRIDON S. PETRATOS
I.D. No AB263393/2006
PANAGIOTIS A. GARDELINOS
I.D. No AE602368/2007
STYLIANOS A. PALIKARAS
I.D. No AK621204/2012
1...,98-99,100-101,102-103,104-105,106-107,108-109,110-111,112-113,114-115,116-117 120-121,122-123,124-125,126-127,128
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