ASSETS

31.12.2010

31.12.2009

Fixed assets

- tangible assets

7.750

8.272

- financial assets

136.660.713

136.646.947

136.668.463

136.655.219

Current assets

- receivables

2.261.698

15.649.183

- marketable securities

122.501.289

144.960.429

- cash at banks and in hand

9.979.172

17.541.775

134.742.159

178.151.387

Prepayments and accrued income

9.438.372

1.462.418

Total assets

280.848.994

316.269.024

LIABILITIES AND SHAREHOLDERS' EQUITY

31.12.2010

31.12.2009

Share capital

10.000.000

10.000.000

Legal reserve

1.000.000

1.000.000

Retained earnings (losses)

(11.426.899)

112.094

Net income (loss) for the year

7.021.729

(11.538.993)

Total shareholders' equity

6.594.830

(426.899)

Provisions for risks and charges

10.389.822

15.389.822

Long term debt

100.835.636

278.000.000

CURRENT LIABILITIES

- short term debt

148.000.000

--

- other payables

1.322.641

9.355.817

149.322.641

9.355.817

Accruals and deferred income

13.706.065

13.950.284

Total liabilities

274.254.164

316.695.923

Total liabilities and shareholders' equity

280.848.994

316.269.024

2010

2009

INCOME

Income from fixed assets

28.815.048

12.082.116

Income from current assets

58.809.394

77.416.117

Value adjustments on marketable securities

12.369.702

29.280.221

Operating income

47.963

77.775

Loss for the year

--

11.538.993

Total income

100.042.107

130.395.222

EXPENSES

Value adjustment on

- tangible assets

4.611

4.221

- financial assets

13.319.713

36.442.769

13.324.324

36.446.990

Interest payable and similar charges

77.777.037

92.308.243

Operating charges

1.919.017

1.639.989

Profit for the year

7.021.729

--

Total expenses

100.042.107

130.395.222