Constantinou Bros Hotels Public Company LTD

Consolidated Income Statement for the year ended 31st December, 2018.

	Notes	2018 ਵ	2017 ਵ
Income	ರಿ	40.744.798	47.062.108
Cost of sales	11	(22.162.354)	(32.414.389)
Gross Profit before Revaluation of the net realizable value of inventories		18.582.441	14.647.719
Revaluation of the net realizable value of inventories Gross Profit after Revaluation of the net realizable value			(7.800.000)
of inventories		18.582.441	6.847.719
Selling & Marketing expenses	11	(3.212.512)	(3.128.058)
Administrative expenses Loss of impairment of Financial Assets measured at amortized	11	(4.278.295)	(4.278.295)
cost	3	(1.024.393)
Other income	10	246.129	225.300
Profit(loss)		9.846.496	(333.334)
Finance costs	13	(1.977.715)	2.679.822)
Profit/(loss) before taxation		7.868.781	(3.013.156)
Tax expense	14	(1.331.510)	(1.809.291)
Profit/(Loss) for the year		6.537.271	(4.822.447)
Profit/(Loss) per share attributable to shareholders of the Company (cents per share)
Basic and fully diluted (cents)	16	4,09	(3,12)
Profit/(Loss) attributable to:
Shareholders of the Company		6.568.246	(5.014.647)
Minority interest		(30.975	(192.200
		6.537.271	(4.822.447)

The notes on pages 22 to 83 form an integral part of these consolidated financial statements.

Consolidated balance sheet as at 3151 December, 2018 Assets	Notes.	2018 0	2017 ਵ
Non-current assets Immovable property, plant and equipment	17	134.757.626	132.934.057
Current Assets Inventories and unfinished works Prepayments	19	48.454.657 259.148	36.455.003 199.184
Trade and other receivables Financial Assets at amortized cost Other Receivables	20 20 21	2.144.862 9.317.368	2.063.308 10.698.095
Other Fixed Assets Cash and Bank balances	22	260.253 20.362.843	249.699 20.362.843
		86.767.408	70.028.132
Total Assets		221.525.034	202.962.189
Equity and liabilities Capital and reserves
Share capital	23	54.642.857	54.642.857
Reserve for redenomination of capital into Euro	23	276.475	276.475
Share premium	23	27.470.626	27.470.626
Other reserves Retained earnings (Accumulated losses)	24	18.962.887 6.707.790	19.401.609 327.717
Interest of non-controlling sharing	18	108.060.642 1.824.832	102.119.284 1.855.807
Total equity		109.885.467	103.975.091
Non-current liabilities
Borrowing	25	78.083.584	67.598.149
	9	275.703
Deferred tax liabilities	26	12.131.048	12.040.662
		90.490 KB	79.638.811
Current liabilities Trade and other payables Contractual obligations	27 9	5.812.938 3.504.955	7.325.868
Current Tax Liabilities		895.317	1.328.277
Borrowing	25	10.963.022	10.694.142
		21.149.232	19.348.287
Total liabilities		111.149.7572	98.987.098
Total equity and liabilities		221 525,034	202.962.189

On 25th April 2019 the Board of Directors of Constantinou Bros Hotels Public Company Limited authorized these financial statements to be publicized.

Andreas Constantinou, Executive President

Andreas Anastasiou, Executive Director

The notes on pages 22 to 83 form an integral part of these consolidated financial statements.