Ellinas Finance Public Company LTD

Annual / Quarterly Financial Statement • Sep 9, 2016

Ellinas Finance Public Company Ltd

CONSOLIDATED FINANCIAL STATEMENT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2016

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

For the period ended 30 June 2016

	30/06/2016	30/06/2015
	€	€
Revenue	421,024	392,048
Net recovery/(provision) for bad debts	(26,360)	3,665
Staff cost	(178,397)	(165,562)
Depreciation	(15,297)	(15,842)
Other operating income	2,588	4,719
Administration and other expenses	(179,834)	(142,568)
Operating profit before net finance income	23,724	76,460
Finance income	4,179	4,490
Finance expense	(2,055)	(2,288)
Net finance income	2,124	2,202
Net (loss)/gain from investing activities	(2,161)	(15,049)
Profit before tax	23,687	63,613
Tax	(1,996)	(2,119)
Profit for the period	21,691	61,494
Basic earnings per share (cent)	0.14	0.38

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2016

	30/06/2016	31/12/2015
	€	€
Non-current assets
Property, plant and equipment	47,524	51,565
Investment properties	785,132	796,221
Intangible assets	300	398
Available-for-sale financial assets	317,490	245,461
Total non-current assets	1,150,446	1,093,645
Current assets
Trade and other receivables	5,336,122	4,233,804
Financial assets at fair value through profit or loss	129,823	132,043
Refundable tax	96,736	96,620
Cash and cash equivalents	893,487	1,933,773
Total current assets	6,456,168	6,396,240
Total assets	7,606,614	7,489,885
Equity
Share capital	9,280,000	9,280,000
Retained earnings	(2,198,236)	(2,219,927)
Total equity attributable to equity holders	7,081,764	7,060,073
Liabilities
Trade and other payables	524,850	429,812
Total liabilities	524,850	429,812
Total equity and liabilities	7,606,614	7,489,885

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the period ended 30 June 2016

	Share Capital €	Retained earnings €	Total €
Balance as of 1 January 2015	9,920,000	(1,150,946)	8,769,054
Total comprehensive income for the period	-	61,494	61,494
Balance as of 30 June 2015	9,920,000	(1,089,452)	8,830,548
Balance as of 1 January 2016	9,280,000	(2,219,927)	7,060,073
Total comprehensive income for the period	-	21,691	21,691
Balance as of 30 June 2016	9,280,000	(2,198,236)	7,081,764