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5.10 Other non-current assets
Other non-current assets are analysed as follows:
Analysis of other non-current assets 2010 2009
Investment in associates 3,245,439 3,245,439
Long term guarantees 162,114 160,314
Earnings per share for the year 3,407,553 3,405,753
Long-term guarantees relate to guarantees given to lessors for operating lease contracts, and were measured at their
present value, by discounting future cash flow transactions with the weighted average borrowing rate of the Company.
5.11 Inventories 2010 2009
Inventory items are analysed as follows:
600,718 611,062
Analysis of inventories per category 827,446 800,556
4,742,811 4,819,300
Merchandise (714,429) (724,788)
Consumables
Spare parts 5,456,546 5,506,130
Inventory impairment
Total inventories
During 2010, a reduction of €10.359 was recognized in the income statement in order to decrease the accumulated
provision for certain obsolete and slow moving items to €714.429 which is their estimated net realizable value.
5.12 Construction works in progress 2010 2009
Analysis of construction works in progress 8,559,582 6,022,464
Construction works in progress 8,559,582 6,022,464
Total construction works in progress
Construction works in progress mainly refer to additions and improvements on the existing infrastructure assets such
as technical works, building and facilities, roads etc. These assets will be returned to the Grantor at the end of the
Concession Period, together with all other infrastructure assets as described in note 1. Upon the completion of the
construction, such assets related to the infrastructure, will increase the cost of the concession intangible asset.
5.13 Trade receivables
Trade receivable accounts are analysed as follows:
Analysis of trade receivable accounts 2010 2009
Domestic customers 66,837,021 125,742,934
Foreign customers 103,937 932,520
Greek state & public sector
Accrued property rentals & other income 2,225,563 2,218,042
Provision for impairment of trade receivables 2,120,969 20,890,665
Other (3,849,528) (3,938,111)
2,300,617
Total trade receivable accounts 195,257
69,738,579
146,041,307
All receivables are initially measured at their fair value, which is equivalent to their nominal value, since the Company
extends to its customers short-term credit. Should any of the trade receivable accounts exceed the approved credit
Financial Statements as at 31 December 2010 (Amounts in Euros unless otherwise stated) Page 38 of 51
Other non-current assets are analysed as follows:
Analysis of other non-current assets 2010 2009
Investment in associates 3,245,439 3,245,439
Long term guarantees 162,114 160,314
Earnings per share for the year 3,407,553 3,405,753
Long-term guarantees relate to guarantees given to lessors for operating lease contracts, and were measured at their
present value, by discounting future cash flow transactions with the weighted average borrowing rate of the Company.
5.11 Inventories 2010 2009
Inventory items are analysed as follows:
600,718 611,062
Analysis of inventories per category 827,446 800,556
4,742,811 4,819,300
Merchandise (714,429) (724,788)
Consumables
Spare parts 5,456,546 5,506,130
Inventory impairment
Total inventories
During 2010, a reduction of €10.359 was recognized in the income statement in order to decrease the accumulated
provision for certain obsolete and slow moving items to €714.429 which is their estimated net realizable value.
5.12 Construction works in progress 2010 2009
Analysis of construction works in progress 8,559,582 6,022,464
Construction works in progress 8,559,582 6,022,464
Total construction works in progress
Construction works in progress mainly refer to additions and improvements on the existing infrastructure assets such
as technical works, building and facilities, roads etc. These assets will be returned to the Grantor at the end of the
Concession Period, together with all other infrastructure assets as described in note 1. Upon the completion of the
construction, such assets related to the infrastructure, will increase the cost of the concession intangible asset.
5.13 Trade receivables
Trade receivable accounts are analysed as follows:
Analysis of trade receivable accounts 2010 2009
Domestic customers 66,837,021 125,742,934
Foreign customers 103,937 932,520
Greek state & public sector
Accrued property rentals & other income 2,225,563 2,218,042
Provision for impairment of trade receivables 2,120,969 20,890,665
Other (3,849,528) (3,938,111)
2,300,617
Total trade receivable accounts 195,257
69,738,579
146,041,307
All receivables are initially measured at their fair value, which is equivalent to their nominal value, since the Company
extends to its customers short-term credit. Should any of the trade receivable accounts exceed the approved credit
Financial Statements as at 31 December 2010 (Amounts in Euros unless otherwise stated) Page 38 of 51
