As the listed company says, "in the financial statements of 12/31/2021, the actual weighted borrowing rates of the Group for the years 2021 and the comparative year 2020 are stated in order for the reader to be able to assess the risks arising from the loans, according to and with IFRS 7.
The Group measures its loans at amortized cost, using the discount rate method, in accordance with the requirements of IFRS 9.
At the same time, the company, and in the context of dealing with the impact of the pandemic on the operation and therefore on the financial performance of the Group, has received letters of consent for exemption from measurement of financial ratios for the financial statements of 30/6/2021 dated 30/6/2021, for the financial statements of 31/12/2021 dated 16/11/2021 and for the financial statements of 30/ 6/2022 dated 6/30/2022.
Therefore, the relevant consents have been obtained in time and no dispute is raised regarding the correctness of the classification of part of its debt obligations as long-term. It is obvious to any objective observer the "crystal clear" position of the Company as well as the trust it enjoys among investors and the systemic Banks that practically support its strategic moves and choices, as has been the case throughout time during its 100-year business presence in Greece and in the More than 75 years of trading of its Shares on the Athens Stock Exchange.
It is noted that the said comments refer to 2022, which is recorded as the most profitable year in the financial affairs of the Company".
