Ellinas Finance Public Company Ltd

CONSOLIDATED FINANCIAL STATEMENT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2018

CONTENTS	Page
Consolidated statement of profit or loss and other comprehensive income	1
Consolidated statement of financial position	2
Consolidated statement of changes in equity	3

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	30/06/2018	30/06/2017

Interest Income	237,516	139,453

Income from fees and commissions	312,545	332,632
Expenses from fees and commissions	(92,500)	(92,489)
Net fees and commissions income	220,045	240,143
Other operating income	5,039	6,996
Net (loss)/gain from investing activities	(2,617)	13,920

Total Net Income	459,983	400,512
Staff cost	(208,705)	(190,978)
Depreciation	(21,065)	(16,572)
Administration and other expenses	(177,461)	(120,367)
Operating profit before provision for impairment of bad debtors	52,752	72,595
Net recovery/(provision) for bad debts	156,471	40,395
Operating profit before net finance income	209,223	112,990
Finance income	13	17
Finance expense	(2,498)	(2,378)
Net finance income	(2,485)	(2,361)
Profit before tax	206,738	110,629
Tax	(805)	(849)
Net Profit	205,933	109,780

	30/06/2018	31/12/2017
	€	€

Non-current assets
Property, plant and equipment	82,991	71,493
Investment properties	818,257	830,421
Intangible assets	4991	6,151
Financial assets available for sale	488,253	446,916
Total non-current assets	1,392,492	1,354,981
Current assets
Trade and other receivables	5,135,640	5,012,364
Financial assets at fair value through profit or loss	65,614	67,457
Properties for sale	400,000	265,000
Refundable tax	96,736	96,614
Cash and cash equivalents	1,310,704	1,292,056
Total current assets	7,008,694	6,733,491
Total assets	8,401,186	8,088,472
Equity
Share capital	7,200,000	7,200,000
Retained earnings	584,671	378,738
Total equity attributable to equity holders	7,784,671	7,578,738
Current liabilities
Trade and other payables	616,515	509,734
Total current liabilities	616,515	509,734
Total equity and liabilities	8,401,186	8,088,472

	Share Capital	Retained earnings	Total
	€	€	€
Balance as of 1 January 2017	7,200,000	(62,673)	7,137,327
Total comprehensive income for the period Deemed Dividend Distribution	- -	109,780 (22,839)	109,780 (22,839)
Balance as of 30 June 2017	7,200,000	24,268	7,224,268

Balance as of 1 January 2018	7,200,000	378,738	7,578,738
Total comprehensive income for the period Deemed Dividend Distribution	- -	205,933 -	205,933 -
Balance as of 30 June 2018	7,200,000	584,671	7,784,671