BLUE ISLAND PLC

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	30.06.17	30.06.16
	€	€
Revenue	11.048.968	9.526.722
Cost of sales	(6.482.513)	(6.561.785)
Gross profit	4.566.455	2.964.937
Change in fair value of biological assets	(776.104)	510.560
Other operating income	89.797	95.081
Selling and distribution expenses	(2.610.608)	(2.257.152)
Administrative expenses	(609.627)	(620.165)
Operating profit	659.913	693.261
Finance income	2.401	188
Finance expenses	(47.902)	(38.103)
Net finance expenses	(45.501)	(37.915)
Profit before tax	614.412	655.346
Tax	(87.930)	(83.391)
Profit for the period attributable to owners	526.482	571.955
Other comprehensive income for the period	-	-
Total comprehensive income for the period attributable to
owners	526.482	571.955
Attributable to:
Owners of parent	526.482	571.955
Basic earnings per share (cents)	3,41	3,70

	30.06.17	31.12.16
	€	€
Assets
Property, plant and equipment	7.077.683	7.050.693
Intangible assets	197.926	197.926
Non-current biological assets	934.528	920.970
Deferred tax asset	95.600	95.600
Total non-current assets	8.305.737	8.265.189
Inventories	1.195.097	1.041.495
Current biological assets	6.826.852	7.602.956
Trade and other receivables	1.559.452	1.155.070
Tax receivable	155.124	180.992
Cash and cash equivalents	255.723	251.481
Total current assets	9.992.248	10.231.994

Total assets	18.297.985	18.497.183

Equity
Share capital	2.624.430	2.624.430
Share premium	6.761.580	6.761.580
Reserves	4.409.504	4.158.276
Total equity	13.885.514	13.544.286
Liabilities
Loans and borrowings	151.554	266.553
Deferred income	394.941	422.129
Deferred tax liability	425.932	425.931
Total non-current liabilities	972.427	1.114.613
Current portion of long term loans	150.962	150.994
Bank overdraft	892.973	961.122
Trade and other payables	2.283.882	2.588.595
Deferred income	112.227	137.573
Total current liabilities	3.440.044	3.838.284

Total liabilities	4.412.471	4.952.897
Total equity and liabilities	18.297.985	18.497.183