METKA GROUP | ANNUAL REPORT 2012 - page 123

121
Financial statements from the 1st of January to the 31st of December 2012
40.8 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 shareholders and the achievement of its contractual obligations.
The Group monitors capital on a basis of net debt to equity. The ratio for the years 2012 and 2011 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.
41. Subsequent events
Apart from the events mentioned above, there are no other significant events taking place after 2012.
Athens, the 26th of March 2013
CHAIRMAN AND MANAGING
DIRECTOR of the Board of
Directors
IOANNIS G.
MYTILINEOS
I.D. No AE044243/2007
THE MEMBER
OF THE BOARD
FILIPPOS E.
ZOTOS
I.D. No Π065848/1991
THE FINANCIAL
DIRECTOR
SPYRIDON S.
PETRATOS
I.D. No AB263393/2006
THE CHIEF
ACCOUNTANT
STYLIANOS A.
PALIKARAS
I.D. No AK621204/2012
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