K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED PROFIT AND LOSS ACCOUNT

	Half year ended 30 June
	2017	2016
	€	€

Turnover	4.209.543	4.895.850
Cost of sales	(3.607.014)	(4.216.288)

Gross profit	602.529	679.562
Other income	29.869	83.073

Selling and marketing expenses	(20.737)	(46.450)
Administrative expenses	(507.122)	(510.852)
Increase in the fair value of investments held for trading	1.415	114
Decrease in the fair value of investments held for trading	(828)	(1.401)
Loss from revaluation of investments in property	-	(32.366)
Finance cost	(22.127)	(47.026)
Profit before taxation	82.999	124.654
Taxation	(2.244)	177
Profit for the period	80.755	124.831
Other total expenses:
Decrease in the fair value of investments available for sale
	(8.736)	(1.746)

Total income for the period attributable to the
shareholders	72.019	123.085
Basic and fully diluted profit/(loss) per share (cent)	0.19	0.29

	30.06.2017	31.12.2016
	€	€
ASSETS
Non-current assets
Property, plant and equipment	4.776.899	4.991.889
Goodwill	1.382.206	1.382.206
Investment in property	2.420.998	2.518.998
Investments available for sale	10.483	19.219
	8.590.586	8.912.312
Current assets
Stock	1.565.111	1.491.092
Investment held for trading	11.709	16.913
Trade debtors and other debit balances	2.550.180	2.569.095
Cash at bank and in hand	252.101	735.746
	4.379.101	4.812.846
TOTAL ASSETS	12.969.687	13.725.158


EQUITY AND LIABILITIES

Equity
Share capital	7.216.500	7.216.500
Reserves	3.786.588	3.714.569
Total equity	11.003.088	10.931.069

Non-current liabilities
Deferred taxation	246.871	244.628
Total non-current liabilities	246.871	244.628

Current liabilities
Trade creditors and other credit balances	1.170.688	1.759.082
Taxation	-	1.243
Bank overdrafts	549.040	789.136
Total current liabilities	1.719.728	2.549.461
Total liabilities	1.966.599	2.794.089
Total equity and liabilities	12.969.687	13.725.158

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 30 JUNE 2017

	Share Capital €	Difference from conversion of share capital into Euro reserve €	Profit and loss account Reserve €	Share premium reserve €	Property revaluation reserve €	Revaluation of investments available for sale reserve €	Other reserves €	Total €
Balance as at 31 December 2015	7.216.500	36.513	625.905	2.019.176	1.046.204	-	39.761	10.984.059
Total comprehensive income for the period	-	-	124.831	-	-	(1.746)	-	123.085
Balance as at 30 June 2016	7.216.500	36.513	750.736	2.019.176	1.046.204	(1.746)	39.761	11.107.144
Balance as at 31 December 2016	7.216.500	36.513	808.369	2.019.176	810.750	-	39.761	10.931.069
Total comprehensive income for the period	-	-	80.755	-	-	(8.736)	-	72.019
Balance as at 30 June 2017	7.216.500	36.513	889.124	2.019.176	810.750	(8.736)	39.761	11.003.088

	Half year ended 30 June
	2017	2016
	€	€
Cash flow from operations
Profit before taxation	82.999	124.654
Adjustments for items not affecting cash movement	346.206	396.525
Operating profit before changes in working capital	429.205	521.179
Change in working capital	(643.499)	(463.253)
Cash from / (for) operations	(214.294)	57.926
Tax paid	(1.243)	-
Net cash from / (for) operations	(215.537)	57.926
Cash flow used for investing activities	(5.885)	(378.650)
Cash flow used for financing activities	(22.127)	(89.901)
Net decrease in cash and cash equivalents	(243.549)	(410.625)
Cash and cash equivalents at beginning of period	(53.390)	(359.442)
Cash and cash equivalents at end of period	(296.939)
		(770.067)