CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

		2016	2015
	Note	€	€
Revenue	4	971.027	849.474
Other operating income	5	7.654	10.023
Net loss from investing activities	9	(16.913)	(66.541)
Staff cost	7	(388.444)	(362.288)
Depreciation		(12.159)	(31.960)
Administration and other expenses		(375.682)	(312.557)
Operating profit/(loss) before the impairment for bad
and doubtful debts		185.483	86.151
Impairment charge for bad and doubtful debts	18	(108.203)	(1.154.755)
Operating profit/(loss) before net finance income	6	77.280	(1.068.604)
Finance income		6.780	16.298
Finance expense		(4.627)	(11.641)
Net finance income	8	2.153	4.657
Profit/(Loss) before tax		79.433	(1.063.947)
Tax	10	(2.179)	(5.034)
(Loss)/Profit for the year		77.254	(1.068.981)
Other comprehensive income		-	-
Total comprehensive (expense)/income for the year		77.254	(1.068.981)
Basic and fully diluted earnings per share (cent)	12	0,48	(6,68)

The notes on pages 30 to 77 are an integral part of these financial statements.

ELLINAS FINANCE PUBLIC COMPANY LIMITED

		2016	2015
	Note	€	€
Assets
Non-current assets
Property, plant and equipment	13	44.069	51.565
Investment properties	14	782.600	796.221
Intangible assets	15	202	398
Available-for-sale financial assets	17	388.723	245.461
Trade and other receivables	18	1.166.365	594.004
Total non-current assets		2.381.959	1.642.649
Current Assets
Trade and other receivables	18	4.226.943	3.684.800
Financial assets at fair value through profit or loss	19	125.911	132.043
Refundable tax	23	96.620	96.620
Cash at bank and in hand	20	878.541	1.933.773
Total current assets		5.328.015	5.847.236
Total assets		7.709.974	7.489.885
Equity
Share capital	21	7.200.000	9.280.000
Retained Earnings		(62.673)	(2.219.927)
Total equity		7.137.327	7.060.073
Liabilities
Non-current liabilities
Trade and other payables	22	254.196	143.037
Total non-current liabilities		254.196	143.037
Current liabilities
Trade and other payables	22	318.451	286.775
Total current liabilities		318.451	286.775
Total equity and liabilities		7.709.974	7.489.885

On 20 April 2017 the Board of Directors of Ellinas Finance Public Company Limited authorised these consolidated financial statements for issue.

.................................... ....................................

Emilios Ellinas - Chairman Aggelos Louis – Board Member

The notes on pages 30 to 77 are an integral part of these financial statements.