CASH FLOWS STATEMENT

A- CASH AT THE BEGINNING OF THE PERIOD

B- CASH INFLOWS WITHIN THE PERlOD

1. Cash From Sales

a) Net Sales

b) Decrease in Trade Receivables

c) Increase in Trade Receivables (-)

2. Cash From Other Operations

3. Cash Received from Extraordinary Income and Profit

4. Cash Received from Increase in Short Term Liabilities

a) Securities Issued

b) Credits Obtained

c) Other Increases

5. Cash Received from Increase in Short Term Liabilities

a) Securities Issued

b) Credits Obtained

c) Other Increases

6. Cash Received From Share Capital lncrease

7. Cash Received From Share Premium

8. Other Cash Received From Cash Inflows

C - CASH OUTFLOWS WITHIN THE PERIOD

1. Cash Outflows due to Costs

a) Cost of Sales

b) Increase in inventories

c) Decrease in Trade Payables

d) Increase in Trade Payables (-)

e) Expenses not Requiring Cash Payments Such as

Depreciation and Provisions (-)

f) Decrease in Inventories(-)

2. Cash Outflows due to Operating Expenses

a) Research and Development Expenses

b) Marketing, Selling and Distribution Expenses

c) General and Administrative Expenses

d) Expenses not Requiring Cash Payments Such as

Depreciation and Provisions (-)

3. Cash Outflows Related to Other Expenses and Losses

a) Ordinay Expenses and Losses

b) Other Expenses and Losses not Requiring Cash

Payments(-)

4. Cash Outflows due to Financial Expenses

5. Cash Outflows due to Extraordinary Expenses and Losses

a) Extraordinary Expenses and Losses

b) Expenses and Losses Not Requiring Cash Payments (-)

6. Cash Outflows Due to investment in non-current assets

7. Cash Outflows Due to Short Term Liability Payments

a) Current Maturities of Marketable Securities

b) Principal Payments of Marketable Securities

c) Other Payments

8. Cash Outflows Due to Long Term Liability Payments

a) Current Maturities of Marketabte Securities

b) Principal Payments of Marketable Securities

c) Other Payments

9. Taxes and Other Similar Charges Paid

10. Dividends Paid

11. Other Cash Outflows

D- CASH AT THE END OF PERIOD (A+B+C)

E- INCREASE IN CASH (B-A)