30.03.2006

IMAKO MEDIA S.A. in the context of application of the clarifying directive A.P.118 of the Accounting Standardization and Audits Committee (ELTE) and  the 24/3/2006 announcement of the Capital Market Commission, announces that adjustments of transition from previous accounting standards and regulations to international accounting standards were diversified in respect of the tables of the interim financial statements already published in the periods 1/1-31/3/2005, 1/1-30/6/2005 and 1/1- 30/9/2005, as well as in the respective periods of last years. The diversifications are due a. The revision of the accounting standards to be applied for the preparation of the financial statements in accordance with the international accounting standards and b. the correction of errors resulted from the review of evaluations.

In respect of the first issue, the Company proceeded to the revision of the accounting principle of setting a provision for the differences resulting from the performance of a tax audit during the fiscal year 2005 , as well as the principle of setting a provision for the differences that may result from a future tax audit.
 
As to the second issue, the errors are related to the review of claims’ collectibility, with the review of the liquidation value of the stocks and the re-evaluation of the participation in other companies. A detailed reference of the above modifications is made on note 33 of the Annual Financial Statements, which are available at the Company’s website www.imako.gr