Anonimi Naftiliaki Etaria Kritis S A : FINANCIAL DATA AND INFORMATION 01.01.2020 – 31.12.2020

ANEK LINES S.A.

No of G.E.C.R.: 121557860000

Registered Office: 148 Karamanli Avenue, Chania

Financial data and information for the period from 1 January 2020 to 31 December 2020

The following data and information are to provide users with general information for the financial position and the results of operations of ANEK LINES SA and the Group. Therefore, it is recommended to any user, before proceeding to

any kind of investing decision or other transaction with the Company, to visit the Company's web site, where the financial statements and the Auditor's Report, when is reqiuired, are published.

	COMPANY INFORMATION										TOTAL COMPREHENSIVE INCOME (parent company and consolidated)
Supervising authority: Ministry of Development, Societe Anonyme Division														(Amounts in € thousand)	Group			Company
Company's website: www.anek.gr															from 01.01 to		from 01.01 to
Board of Directors: Katsanevakis Georgios (Chairman), Protopapadakis Spyridon (Vice Chairman), Vardinoyannis Ioannis (Managing Director),								31.12.2020			31.12.2019	31.12.2020			31.12.2019
Archontakis Georgios (Deputy Managing Director), Apostolakis Emmanouil (Non executive member), Georvasakis Michael (Non executive
member), Malandrakis Ioannis (Non executive member), Marakakis Michael (Independent non executive member),										Turnover	124.452			173.891	109.986			157.039
Markantonakis Alexandros (Independent non executive member), Fragkiadakis Georgios (Independent non executive member)							Gross profit / (loss)	14.771			40.256	10.081			34.088
Date of approval of the annual financial statements: April 27, 2021														Earnings / (losses) before taxes, financing and investing results (EBIT)	(4.422)			14.679	(5.940)			12.404
Certified auditors - accountants: Diamantoulakis Emmanouil (SOEL Reg. No 13101) - Kollyris Nikolaos (SOEL Reg. No. 35591)							Earnings / (losses) before taxes (EBT)	(13.449)			4.573	(14.529)			2.850
Auditing firms: GRANT THORNTON (Reg. No 127), SOL SA (Reg. No 125)														Earnings / (losses) after taxes (A)	(14.115)			3.817	(14.727)			2.656
Type of auditors' report: Unqualified opinion - Material uncertainty related to going concern assumption										Owners of the parent	(15.066)			2.577	-			-
														Non-controlling interests	951			1.240	-			-
STATEMENT OF FINANCIAL POSITION (parent company and consolidated)							Other comprehensive income after taxes (Β)	9			(229)	19			(238)
						Total comprehensive income after taxes (Α) + (Β)	(14.106)			3.588	(14.708)			2.418
(Amounts in € thousand)		Group				Company				Owners of the parent	(15.050)			2.342	-			-
	31.12.2020			31.12.2019			31.12.2020			31.12.2019			Non-controlling interests	944			1.246	-			-
ASSETS
Tangible assets	263.259			270.453			255.834			263.271			Basic earnings / (losses) after taxes per share - (in €)	(0,0740)			0,0137	(0,0723)			0,0141
Investments in property	1.748			1.753			672			678			Diluted earnings / (losses) after taxes per share - (in €)	(0,0740)			0,0119	(0,0723)			0,0122
Intangible assets	217			268			217			268			Proposed dividend per share - (in €)	-			-	-			-
Other non-current assets	2.541			3.885			8.901			9.956
Inventories	2.689			3.156			1.597			2.047			Earnings / (losses) before taxes, financing and investing results,
Trade receivables	30.921			34.201			30.052			33.282			depreciation and amortization (EBITDA)	6.867			25.638	4.831			22.898
Other current assets	6.186			8.720			4.870			7.026
Cash & cash equivalents		11.421			8.498			3.405			2.019			CASH FLOW STATEMENT (parent company and consolidated)
TOTAL ASSETS	318.982			330.934			305.548			318.547
														(Amounts in € thousand)	Group			Company
EQUITY & LIABILITIES															from 01.01 to		from 01.01 to
Share capital	67.440			56.597			67.440			56.597				31.12.2020			31.12.2019	31.12.2020			31.12.2019
Other equity items		(81.509)			(65.804)			(77.388)			(62.023)			Operating activities
Equity attributable to shareholders of the parent (a)	(14.069)			(9.207)			(9.948)			(5.426)			Earnings / (losses) before taxes	(13.449)			4.573	(14.529)			2.850
Non-controlling interests (b)		13.134			12.538			-			-			Adjustments for:
Total Equity (c) = (a) + (b)	(935)			3.331			(9.948)			(5.426)			Depreciation	11.296			11.023	10.771			10.494
Long-term borrowings	-			-			-			-			Grants amortization	(7)			(64)	-			-
Provisions and other long-term liabilities	17.534			19.371			15.537			17.852			(Gain) / loss from disposal of property, plant and equipment	(6)			(2)	-			(1)
Short-term borrowings	252.862			258.708			252.862			258.708			Provisions	1.299			2.322	1.209			2.270
Other short-term liabilities		49.521			49.524			47.097			47.413			Exchange differences	(384)			189	(384)			189
Total liabilities (d)		319.917			327.603			315.496			323.973			Results of investing activity	(2.234)			(189)	(2.683)			(777)
TOTAL EQUITY AND LIABILITIES (c) + (d)		318.982			330.934			305.548			318.547			Financial expenses (less financial income)	9.331			9.290		9.342			9.326
															5.846			27.142	3.726			24.351

STATEMENT OF CHANGES IN EQUITY (parent company and consolidated)

										Adjustments for changes in working capital:
(Amounts in € thousand)	Group			Company	Decrease / (increase) of inventories	445			(169)	450	(135)
	31.12.2020			31.12.2019		31.12.2020	31.12.2019		Decrease / (increase) of receivables	5.578			(3.193)	5.613	(3.284)
Equity at the beginning of the year (01.01.2020 and 01.01.2019, respectively)	3.331			(8.869)		(5.426)	(7.844)		Increase / (decrease) of liabilities (other than borrowings)	(2.088)			(4.049)	(2.630)	(4.188)
Total comprehensive income after taxes	(14.106)			3.588		(14.708)	2.418
Share capital increase (minus related esxpenses)	10.698			-		10.698	-		Less:
Dividends paid	(347)			(348)		-	-		Interest and financial expenses paid	(1.423)			(6.665)	(1.406)	(6.651)
Other equity movements	(511)			8.960		(512)		-		Income tax paid		(516)			(780)		(172)		(150)
Equity at the end of the year (31.12.2020 and 31.12.2019, respectively)	(935)			3.331		(9.948)	(5.426)		Cash flows from operating activities (a)	7.842			12.286	5.581	9.943
										Investing activities
ADDITIONAL DATA & INFORMATION
						Acquisition of affiliates, securities and other investments	(2)			(607)	(2)	(607)
1. Group entities that are included in the consolidated financial statements are presented in note 1 in the annual financial statements as of 31.12.2020, including locations,		Proceeds from the sale of securities and investments	51			-	-	-
percentage Group ownership and consolidation method. 2. The basic accounting principles adopted in the financial statements are consistent with those of the annual financial		Purchase of tangible and intangible assets	(952)			(5.517)	(170)	(5.139)
statements of 2019, adjusted with the revisions to IFRS. 3. There are no litigious disputes or disputes in arbitration against the Group that could significantly affect the financial
	Proceeds from the sale of property, plant and equipment	20			2	-	1
position.Τhe recorded relevant provisions as at 31.12.2020 for the Group and the Company amounted to € 1.463 thousand for the Group and the Company. 4. The number of
employees at 31.12.2020 was 670 persons (617 for the Company) and at 31.12.2019 was 762 persons (705 for the Company). 5. At the end of the period no shares of the parent		Interest received	36			47	1	1
company were possessed by the parent company neither by any subsidiary or associate company. 6. Group's "other comprehensive income" in the statement of comprehensive		Dividends received		-			-		163		163
income for the year 2020 refers totally to actuarial profits after taxes, whereas in 2019 referred by € 26 thousand to the possitive impact of a taxation rate change on land		Cash flow from investing activities (b)	(847)			(6.075)	(8)	(5.581)
deferred taxes and by € 255 thousand to actuarial losses after taxes. "Other equity movements" in the statement of changes in equity for year 2020 refers to the impact of the
revaluation of the reserve of the convertible bond loan following the partial conversion of the bond loan in August 2020, whereas in 2019 referred	to the impact of a
subsidiary's cease in consolidation. 7. The provisions for the un-audited tax years of the Group companies, which are presented in note 22 of the annual financial statements,		Financing activities
amounted to € 345 thousand (€ 291 thousand for the Company). The accumulated provisions for doubtful debts amounted to € 46.474 thousand for the Group and € 45.063		Procceds from share capital increase	-			-	-	-
thousand for the Company, while the provisions for retirement benefits amounted to € 2.850 thousand for the Group and € 2.663 thousand for the Company. Othe provisions
	Payments for expenses from share capital increase	(146)			-	(146)	-
amounted to € 338 thousand for the Group and € 332 thousand for the Company. 8. The ratio "Earnings / (losses) after taxes per share basic - (in €)" are calculated based in the
weighted average number of total shares. For the calculation of the diluted earnings per share were taken into account the potential shares from the Parent company's		Payments of capital leases	(3.573)			(3.228)	(3.573)	(3.228)
convertible bond according the relevant terms of issue and the IAS 33 requirements. 9. Intercompany transactions (inflows and outflows) since the beginning of the current		Payments of operating leases	(206)			(212)	(132)	(134)
year and intercompany balances as of 31.12.2020 that have resulted from the transactions with the related parties, as defined by IAS 24, are as follows:				Proceeds from borrowings	550			143	-	144
(Amounts in € thousand)				Group	Company				Payment of borrowings	(336)			(1.423)	(336)	(1.423)
a) Inflows				2		7.213				Dividends paid		(361)			(343)		-		-
b) Outflows				3.504		3.568				Cash flow from financing activities (c)	(4.072)			(5.063)	(4.187)	(4.641)
c) Receivables				14.580		19.320
d) Payables				99.520		99.518
e) Key management compensations				1.617		1.334				Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)		2.923			1.148		1.386		(279)
f) Receivables from key management				-		-				Cash and cash equivalents at beginning of the year		8.498			7.350		2.019		2.298
g) Payables to key management				8		8				Cash and cash equivalents at the end of the year	11.421			8.498	3.405	2.019
								Chania, 27 April 2021
THE VICE CHAIRMAN	THE MANAGING DIRECTOR					THE CHIEF FINANCIAL OFFICER	THE CHIEF ACCOUNTANT
SPYRIDON I. PROTOPAPADAKIS	IOANNIS I. VARDINOYANNIS					STYLIANOS I. STAMOS	IOANNIS E. SPANOUDAKIS
ID No ΑΑ 490648	ID No Π 966572					ID No ΑΜ 480641	H.E.C. License No 20599 A' Class