AGROS DEVELOPMENT COMPANY "PROODOS" PUBLIC LTD

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	2018	2017
	€	€
Turnover	1.666.467	20.766
Cost of sales	(1.141.366)	(30.568)
Gross (loss)/profit	525.101	(9.802)
Loss from impairment of fixed assets	583.869	(3.213.737)
Operating and administrative expenses	(331.854)	(160.634)
Depreciation	(267.680)	(194.263)
Operating (loss)/profit	509.436	(3.578.436)
Net finance expenses	(134.684)	(139.684)
(Loss)/profit before tax	374.788	(3.718.120)
Taxation	(116.484)	656.412
(Loss)/profit for the year	258.304	(3.061.708)
Other comprehensive income
Adjustment in fair value of land and buildings	167.000	(17.000)
(Decrease)/increase in deferred tax in revaluation of land	(32.507)	3.070
Other comprehensive income for the year	134.493	(13.930)
Total comprehensive income for the year	392.797	(3.075.638)
Basic (loss)/profit per share (cent)	7,19	(85,28)

	2018	2017
	€	€
Property, plant and equipment	9.471.123	7.715.540
Total non-current assets	9.471.123	7.715.540

Inventories	599.973	561.267
Trade and other receivables	64.169	50.901
Cash at bank and in hand	10.456	1.713
Total current assets	674.598	613.881
Total assets	10.145.721	8.329.421
EQUITY
Share capital	6.139.268	6.139.268
Share premium	1.198	1.198
Reserves	(1.495.682)	(1.888.479)
Total equity	4.644.784	4.251.987
LIABILITIES
Loans and borrowings	3.586.554	2.543.973
Deferred tax liabilities	737.241	588.250
Total non-current liabilities	4.323.795	3.132.223
Bank overdrafts	546.090	506.744
Short term loans	316.466	382.000
Trade and other payables	255.943	50.389
Deferred income	52.677	-
Tax liability	-	112
Payable dividends	5.966	5.966
Total current liabilities	1.177.142	945.211
Total liabilities	5.500.937	4.077.434
Total equity and liabilities	10.145.721	8.329.421