SFAKIANAKIS S.A. announces the following supplementary information regarding "Other Important Data and Information of 31st March 2008" published on 30/5/2008 on newspapers EXPRESS and KATHIMERINI, according to decision 6/448/11.10.2007 of the Hellenic Capital Market Commission, as follows:
1) No provisions were made regarding the actions of law referring in note 2 of the table "OTHER IMPORTANT DATA AND INFORMATION" as Company's management estimation is that the actions of law will not succeed and as a result they will not come over the Company.
2) The amounts of provisions made until 31.03.2008 are analysed as follows:
ι) The Group has made provisions for employee benefits amounting to euro 1,788,169.94 and the Company has made a relevant provision amounting to euro 1,483,481.83.
ιι) The Group has made provision for tax payment, for open tax periods amounting to euro 2,170,617.77 and the Company has made a relevant provision amounting to euro 1,740,617.77.
ιιι) The Group has made provision for inventory impairment of euro 850,000.00 and the Company has made a relevant provision of euro 850,000.00.
ιv) The Group has made provision for customer bad debt of euro 5,337,353.42 and the Company has made a relevant provision of euro 1,900,000.00.
v) The Group has made other provisions, against other losses of euro 37,114.22
3) Net income recorded directly against equity refers to the algebraical difference of valuation on 31/3/2008 to the fair value of securities amounting to euro 1,397,637.15 for the Company and euro 1,379,916.50 for the Group.