Independent auditors’ report
Consolidated balance sheets
Consolidated statements of income
Consolidated statements of changes
in stockholders’ equity
Consolidated statement of cash flows
Notes to consolidated financial statement
Consolidated Financial Statements
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |
2011 | 2010 | |||
I. Syndicated loan for US 600,000, maturing in September 2011, bearing interest payable on a quarterly basis at interest rate equal to Libor plus 0.275% | $ | - | $ | 7,414,260 |
II. Direct loan in different currencies mainly euros, with quarterly and semiannual maturities at variable rates, and final maturity in 2016 | 151,348 | 132,092 | ||
III. Other loans | 2,198 | 44,558 | ||
153,546 | 7,590,910 | |||
Less – current portion | (36,174) | (7,449,346) | ||
Long-term debt | $ | 117,372 | $ | 141,564 |
Year ending December 31 |
||
2013 | $ | 36,174 |
2014 | 36,174 | |
2015 and thereafter | 45,024 | |
$ | 117,372 |