Corinth Pipeworks key indicators regarding its financial, environmental and social performance are presented below:
 
Economic Growth   2012 2013
Net Sales (in thousand Euro)   211,992 157,309
Net Profit (in thousand Euro) - before taxes   4,233 -3,079
Net Profit (in thousand Euro) - after taxes   3,447 -5,611
Total Assets (in thousand Euro)   121,423 133,475
Total Capitalization (in thousand Euro) Equity 153,822 148,151
Loans 38,250 53,999
Operating Costs (in thousand Euro)   207,320 165,237
Payments to Capital Providers (in thousand Euro)   62,620 103,570
Total Payments to Governmental Bodies (taxes paid) (in thousand Euro)   1,418 2,028
Net Profit per Share (in Euro)   0.0279 -0.0452
       
Human Recourses   2012 2013
Number of Employees   400 393
Training Man-hours (training x hours)   4,812 3,721
Training Cost (in Euro)   71,702 41,144
Minor Accidents (that did not result absence from work)   12 13
Injuries (that resulted absence from work)   2 6
Near Misses*   29 30
Absence - Lost Days due to Illness (maternity leave not included)**   92 268
Accident Frequency Rate (Accidents with lost work time x 106/ Total man-hours worked)   2.04 6.83
Accident Severity Rate (Lost work hours x 103/ Total man-hours worked)**   0.63 2.03
Number of Fatalities   0 0
Number of Occupational Diseases   0 0
       
Marketplace   2012 2013
Payments to Suppliers (in thousand Euro)   189,926 150,331
Customer Complaints (number)   0 0
  
Note: Figures in brackets in the table above represent negative numbers.
* The apparent increase in near-miss accidents in 2011 simply indicates an increase in reporting of incidents.
** According to Company’s policy the number of lost days are recorded only in the year in which the accident occurred, even if the employee remains off work and the next year. For that reason the 2011 Accident Severity Rate is revised.


 
Environment   2012 2013
Total thermal Energy Consumption (MWh)   5,345 4,840
Total Thermal Energy Consumption (Gj)   19,241 17,425
Specific Thermal Energy Consumption (MWh/tn of product)             0.028 0.033
Total Electric Energy Consumption (MWh)   26,979 21,431
Specific Electric Energy Consumption (MWh/tn of product)   0.139 0.146
Direct CO2 Emissions (tn)   1,260 1,140
Indirect CO2 Emissions (tn)   23,741 17,573
Total CO2 Emissions (tn)   25,001 18,713
       
Society   2012 2013
Employees from the Local Community (%)   86.8 86.5
Voluntary Employee Blood Donations (units)   66 63
Total Sponsorship Amount (Euro)   79,191 79,972


* The calculated quantity of direct emissions is based on the consumption of the following: production LPG consumption, heating oil consumption and diesel consumption (forklifts and transportation trucks).
0.82 Kg CO2 / KWh rate was used for calculating CO2 emissions in 2013.
0.88 Kg CO2 / KWh rate was used for calculating CO2 emissions in 2012.
0.89 Kg CO2 / KWh rate was used for calculating CO2 emissions in 2011 (revised).
The methodology for calculating emissions is based on the principles established by GHG Protocol of the International World Resources Institute (WRI).