CONSOLIDATED INCOME STATEMENT

	2018 €	2017 €

Revenue	21.977.631	21.283.508
Cost of sales	(15.120.732)	(14.279.445)
Gross profit	6.856.898	7.004.063
Fair value adjustment in biological assets	1.827.218	757.966
Other operating income	292.248	309.011
Selling and distribution expenses	(5.201.582)	(4.935.292)
Administrative expenses	(1.492.400)	(1.308.174)
Other operating expenses	(151.286)	(85.000)
Operating profit
	2.131.095	1.742.574
Finance income
Finance expenses	3.369	1.803
Net finance expenses	(69.527)	(75.059)
Profit before tax	(66.158)	(73.256)
Tax
Profit for the year	2.064.937	1.669.318
Other comprehensive income	(471.832)	(303.768)
Total comprehensive income for the year attributable to the owners	1.593.106	1.365.550
Basic and fully diluted earnings per share (cent)	10,32	8.85

E ISLAND PLO BLI

Πολυφήμου 10, Βιομ. Περιοχή Στροβόλος

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	2018	2017
	€	€

Assets
Property, plant and equipment	7.031.997	7.149.952
Intangible assets and goodwill	723.997	854.564
Biological assets	182.926	177.926
Deferred tax assets	95.600	95.600
Total non-current assets	8.034.520	8.278.042
	1.392.883	1.218.459
Inventories	10.203.140	8.380.922
Biological assets Trade and other receivables	1.457.327	1.302.403
Refundable tax	105.541	76.126
	575.665	397.435
Cash and cash equivalents
Total current assets	13.734.556	11.375.345

Total assets	21.769.076	19.653.387
Equity
Share capital	2.624.430	2.624.431
Share premium	6.761.580	6.761.580
Reserves	6.261.174	5.106.999
Total equity	15.647.184	14.493.010

Liabilities
Loans and borrowings	29.211	64.468
Deferred tax liabilities	781.099	522.443
Deferred income	539.725	359.937
Total non-current liabilities	1.350.035	946.848
	1.412.349	1.183.464
Bank overdrafts	37.833	118.088
Short term portion of long-term loans	3.195.999	2.817.279
Trade and other payables Deferred income	125.677	94.698
Total current liabilities	4.771.858	4.213.529

Total liabilities	6.121.893	5.160.377
Total equity and liabilities	21.769.076	19.653.387

On 12 April 2019 the Board of Directors of Blue Island Plc approved and authorised these conserticated financial statements for issue. App PLC

Πολυφήμου 10, Βιομ. Περιοχή Στροβόλος