Consolidated Financial Statements in accordance with IFRS

The evaluation of commerce receivables of the Group on the finish of every 12 months is as follows:
Quantities in Euro 31/12/2014 31/12/2013
Complete 34.830.934,20 31.452.676,06
Not late and never impaired on the steadiness sheet date 19.803.736,66 13.587.752,62
Not impaired on the steadiness sheet date however late within the following
intervals:
< 90 days 3.645.954,31 3.917.901,69
90-180 days 2.734.428,52 1.965.532,07
180-270 days 7.412.582,15 11.649.391,80
270-Twelve months 374.772,33 0,00
1-2 years 663.764,31 331.797,77
> 2 years 195.695,92 300,11
15.027.197,54 17.866.520,01
34.830.934,20 31.452.676,06
There is no such thing as a focus of credit score threat in relation to commerce receivables, because the Group has an amazing
variety of clients. The Group has developed insurance policies to make sure that the gross sales agreements take
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 66 of 89
place with clients with ample credit score high quality. The credit score coverage of the Group is set on
a case by case foundation and is ready out within the agreed phrases within the contract signed with every buyer.
The motion of provision for impairment of commerce and different receivables is analysed as follows:
Individually
impaired
Collectively
impaired
Complete
impairment
Steadiness at 1 January 2013 9.177.070,73 773.871,30 9.950.942,03
Further provision for the interval 768.856,66 0,00 768.856,66
Unused quantities reversed (1.166.015,56) 0,00 (1.166.015,56)
Alternate variations (3.663,31) 0,00 (3.663,31)
Discounting (5.310,98) (773.871,30) (779.182,28)
Steadiness at 31 December 2013 8.770.937,54 0,00 8.770.937,54
Steadiness at 1 January 2014 8.770.937,54 0,00 8.770.937,54
Further provision for the interval 80.771.70 0,00 80.771,70
Unused quantities reversed (244.389,96) 0,00 (244.389,96)
Alternate variations 192,00 0,00 192,00
Discounting (1.807,23) 0,00 (1.807,23)
Steadiness at 31 December 2013 8.605.704,53 0,00 8.605.704,53
Commerce and different receivables are analyzed within the following currencies:
31/12/2014 31/12/2013
Euro (EUR) 71.909.210,69 74.932.831,27
US Greenback (USD) 13.180.254,03 10.088.559,99
Bulgarian Leva (BGN) 690.215,45 711.393,57
Jordan Dinar (JOD) 1.243.055,09 314.110,08
Danish Corona (DKK) 88.709,37 141.692,01
Different 395.957,99 154.991,65
87.507.402,62 86.343.578,57
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 67 of 89
15. Inventories
31/12/2014 31/12/2013
Uncooked supplies 577,76 546,06
Merchandise 1.488.873,82 544.500,66
Different 246.444,39 217.812,53
Complete 1.735.895,97 762.859,25
Much less: Provision for out of date , slow-moving and broken inventory:
Merchandise 300.854,96 300.854,96
Different 0,00 0,00
Complete 300.854,96 300.854,96
1.435.041,01 462.004,29
The motion of the availability is as follows:
31/12/2014 31/12/2013
Evaluation of provision
Opening steadiness 300.854,96 301.646,91
Further provision for the interval 0,00 0,00
Provision used (0,00) (791,95)
Closing steadiness 300.854,96 300.854,96
16. Money and money equivalents
Money and money equivalents and financial institution overdrafts embrace the next for the needs of the money
circulate assertion:
2014 2013
Money in financial institution and in hand 20.425.546,25 13.425.108,87
Brief-term financial institution deposits 850.746,83 1.095.470,22
Complete 21.276.293,08 14.520.579,09
The efficient rate of interest on short-term financial institution deposits for the Firm was 1,00% (2013:
1,00%).
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 68 of 89
Money and money equivalents are analysed within the following currencies:
2014 2013
Euro (EUR) 17.782.190,03 11.786.113,33
US Greenback (USD) 2.125.959,17 1.449.334,80
Different 1.368.143,87 1.285.130,96
Complete 21.276.293,08. 14.520.579,09
17. Share capital
Variety of
shares
Abnormal
shares
Share
premium Complete
Steadiness at 31 December 2013 62.104 62.104 0,00 1.552.600,00
Steadiness at 31 December 2014 62.104 62.104 0,00 1.552.600,00
On 31 December 2014 the Firm’s share capital quantities to €1.552.600,00 divided into 62.104
of which INTRACOM Holdings SA holds 62.103 shares with a nominal worth of €25,00 every. All
shares are totally paid-in up.
18. Different reserves
Statutory
reserves
Particular
reserves
Tax free
reserves
Extraordina
ry reserves
Reserves
for actuarial
acquire /
losses
Different
reserves
Complete
Steadiness at 1 January 2013 373.069,09 241.210,57 10.034.352,48 26.401,37 (944.505,60) (4.264.173,05) 5.466.354,86
Switch from retained
earnings 73.463,25 0,00 438.600,00 0,00 0,00 0,00 512.063,25
Switch to retained earnings 0,00 0,00 (180.000,00) 0,00 0,00 0,00 (180.000,00)
Revaluation 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Alternate variations 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Reclassification 97.643,00 (241.210,57) 131.020,16 0,00 0,00 12.547,76 0,00
Actuarial acquire / losses 0,00 0,00 0,00 0,00 52.719,06 0,00 52.719,06
Different 0,00 0,00 0,00 0,00 0,00 4.741,24 4.741,24
Steadiness at 31 December
2013 544.175,34 0,00 10.423.972,64 26.401,37 (891.786,54)
(4.246.883,99) 5.855.878,41
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 69 of 89
Statutory
reserves
Particular
reserves
Tax free
reserves
Extraordina
ry reserves
Reserves
for actuarial
acquire /
losses
Different
reserves
Complete
Steadiness at 1 January 2014 544.175,34 0,00 10.423.972,64 26.401,37 (891.786,54) (4.246.883,99) 5.855.878,41
Switch from retained
earnings 0,00 0,00 272.500,00 0,00 0,00 0,00 272.500,00
Switch to retained earnings 0,00 0,00 (229.100,00) 0,00 0,00 0,00 (229.100,00)
Actuarial acquire / losses 0,00 0,00 0,00 0,00 (474.740,80) 0,00 (474.740,80)
Different 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Steadiness at 31 December
2014
544.175,34 0,00 10.467.372,64 26.401,37 (1.366.527,34) (4.246.883,99) 5.424.537,61
(a) Statutory reserve
The Group is required by Luxemburg legislation to acceptable yearly, to a authorized reserve, an quantity
equal to five% of its statutory internet revenue till the mixture reserve reaches 10% of the subscribed
share capital. Such a reserve just isn’t out there for distribution. The cap of 10% of the subscribed
capital has been reached and subsequently the Authorized Reserve quantities 155.260,00€.
(b) Particular reserve
The particular reserve consists of quantities that had been created following resolutions of the Annual Normal
conferences, haven’t any particular goal and may subsequently be used for any cause following approval
from the Annual Normal assembly, in addition to quantities, which had been created below the provisions of
Greek legislation. These reserves have been created from after tax income and are subsequently not topic
to any further taxation in case of their distribution or capitalisation.
(c) Tax free reserve
Tax-free reserves below particular legal guidelines
This account consists of reserves created from income, whichwere used for the acquisition of recent
mounted belongings employed within the manufacturing course of and are subsequently thought to be tax-free below
particular provisions of improvement legal guidelines in power every time. In different phrases, this reserve is created
from income for which no taxis calculated or paid.
Reserves created below the provisions of tax legislation from tax free earnings or from earnings taxed below
particular provisions
This reserve consists of the portion of the online earnings carried ahead yearly that comes from
tax-free income and income taxed below particular provisions through the use of up the tax legal responsibility.
The above-mentioned reserves will be capitalised or distributed, following the approval of the
Annual Normal Assembly, after taking into account the restrictions that will apply. In case of
capitalisation or distribution, tax is calculated on the present tax charge.
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 70 of 89
(d) Extraordinary reserve
Extraordinary reserves embrace quantities of reserves shaped following resolutions of Abnormal
Normal Conferences, haven’t any particular goal and may subsequently be used for any goal upon
related decision of the Abnormal Normal Assembly, in addition to quantities of reserves shaped primarily based
on provisions of the Greek legislation. The above extraordinary reserves have been shaped from taxed
income and are subsequently not topic to any further taxation in case of their distribution or
capitalization.
(e) Different reserves
The whole quantity of EUR (4.246.883,99) include penalties of the cross-border merger.
(f) Honest worth reserve
Honest worth reserve is analyzed as follows:
Accessible for
sale monetary
belongings
Forex
translation Complete
Steadiness at 1 January 2013 (8.760.572,31) 88.132,03 (8.672.440,28)
Revaluation: (910.448,65) (910.448,65)
Gross (notice 13) 0,00 0,00 0,00
Much less : tax (notice 14) 0,00 0,00 0,00
Switch to Revenue Assertion 9.487.037,85 9.487.037,85
Forex translation variations 0,00 (105.295,76) (105.295,76)
Different (specify) 183.983,11 (89.853,50) 94.129,61
Steadiness at 31 December 2013 0,00 (107.017,23) (107.017,23)
Accessible for
sale monetary
belongings
Forex
translation Complete
Steadiness at 1 January 2014 0,00 (107.017,23) (107.017,23)
Revaluation: 0,00 0,00 0,00
Forex translation variations 0,00 660.111,49 660.111,49
Steadiness at 31 December 2014 0,00 553.094,26 553.094,26
This reserve in 2013 consists of the revaluation of Accessible For Sale Property together with Forex
Translation variations from the interpretation of international subsidiaries monetary statements. The
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014financial technology solutions international
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