31 March 2008(pdf)

PUBLIC POWER CORPORATION S.A.NOTES TO THE INTERIM CONDENSED CONSOLIDATED AND SEPARATE FINANCIALSTATEMENTSIN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS ASADOPTED BY THE EUROPEAN UNIONMARCH 31, 2008(All amounts in thousands of Euro, unless otherwise stated)7. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Continued)Management compensation: Fees concerning management members (Board of Directors and GeneralManagers) for the three month period ended March 31, 2008 and 2007, have as follows:March 31,2008 2007Compensation of members of the Board of Directors- Executive members of the Board of Directors 190 17- Non-executive members of the Board of Directors 49 56- Contributions to defined contribution plans - 1239 74Compensation of General Managers- Regular compensation 280 241- Contribution to defined contribution plans 32 33312 274Total 551 348Compensation to members of the Board of Directors does not include standard payroll, paid torepresentatives of employees that participate in the Parent Company’s Board of Directors and relatedcontributions to social security funds.8. DIVIDENDSPPC’s Board of Directors, during its meeting held on March 27, 2008, decided to propose to theParent Company’s Shareholders General Assembly, which will take place on June 12, 2008, thedistribution of dividends for the year 2007 of Euro 23,200 (Euro 0.10 per share – full amount), whichwill be covered by previous years’ tax reserves.9. LOAN AGREEMENTS – REPAYMENTSWithin the three month period ended March 31, 2008 the Parent Company issued two bond series for atotal amount of Euro 190 million repayable within the period 2009-2013, bearing interest atEURIBOR plus a margin.The Board of Directors of the Parent Company has approved the issue of one bond of an amount ofEuro 100 million, with one year duration. Furthermore bonds with an annual duration of a totalamount of Euro 100 million were renewed for one more year.The Parent Company disbursed an amount of Euro 75 million with a 15 year duration in accordancewith a loan agreement concluded in the year 2007.The Board of Directors of the Parent Company has approved the financing of an amount of Euro 140million with a fifteen year duration, for which the relevant loan contract is not yet concluded.At March 31, 2008 the available committed credit lines of the overdraft facilities amounted to Euro340 million while the Parent Company had also Euro 100 million of uncommitted credit linesoverdraft facilities. At March 31, 2008, the unused portion of all overdraft committed facilities of theParent Company amounted to Euro 134.2 million and the unused portion of uncommitted overdraftfacilities amounted to Euro 100 million.The loan repayments for the three month period ended March 31, 2008 amounted to Euro 117,804.15