1 JANUARY - 31 DECEMBER 2004 - Minoan Lines
1 JANUARY - 31 DECEMBER 2004 - Minoan Lines
1 JANUARY - 31 DECEMBER 2004 - Minoan Lines
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3.2.4 Guarantees and Collateral securities<br />
On the ships and the real estate assets of the Company as well as on the real estate assets of a sub-subsidiary<br />
Company there are real liens as detailed below:<br />
TABLE OF SHIPS’ MORTGAGES ON (<strong>31</strong>.12.<strong>2004</strong>)<br />
Mortgage type VESSEL REGISTRATION DATE BANK CURRENCY AMOUNT OF MORTGAGE (in million)<br />
1st<br />
ARIADNE PALACE<br />
EUROPA PALACE<br />
OLYMPIA PALACE<br />
SYNDICATED LOAN<br />
FESTOS PALACE 15.07.<strong>2004</strong> ARRANGED BY ú 408.67<br />
KNOSSOS PALACE<br />
CITIBANK<br />
PASIPHAE PALACE<br />
IKAROS PALACE<br />
1st DAEDALUS ú 41.29<br />
2nd<br />
ARIADNE PALACE<br />
EUROPA PALACE<br />
SYNDICATED LOAN<br />
FESTOS PALACE 15.07.<strong>2004</strong> ARRANGED BY ú 150.00<br />
DAEDALUS PIRAEUS BANK USD 8.00<br />
KNOSSOS PALACE<br />
& ABN AMRO<br />
PASIPHAE PALACE<br />
IKAROS PALACE<br />
The pre-notices of real mortgage on the real estate assets of the Company and of the sub-subsidiary company<br />
amount to € 17.15 million. Moreover, the shares of the companies HELLAS FLYING DOLPHINS, ANEK, FORTHnet<br />
and AEGEAN are pledged.<br />
3.4 SHARE CAPITAL - BOOK VALUE PER SHARE<br />
The Company’s share capital and the book value per share at December <strong>31</strong>, <strong>2004</strong> consisted of:<br />
Share Capital (in ú) Company Group<br />
Number of shares outstanding 70,926,000 70,926,000<br />
Nominal value per share 2.25 2.25<br />
Total Share Capital 159,583,500.00 159,583,500.00<br />
Reserves<br />
Share premium 26,942,576.38 26,942,576.38<br />
Revaluation reserves & investments grants 5,584,095.52 5,584,095.52<br />
Ordinary reserves 9,680,724.97 9,704,683.49<br />
Loss from sale or value decline of participating interests and securities for offsetting -18,149,692.67 -18,149,692.67<br />
Extraordinary reserves 56,978,689.06 56,978,689.06<br />
Tax free reserves under special laws 2,557,263.16 2,560,099.67<br />
Retained profits 135,003.80 1,939,283.25<br />
Consolidation differences -4,547,470.25<br />
Total capital and reserves (bef. minority interests) 243,<strong>31</strong>2,160.22 240,595,764.45<br />
Minority interest 60,169.15<br />
TOTAL CAPITAL & RESERVES 240,665,933.60<br />
Book value per share 3,43 3,39<br />
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