The Cyprus Cement Public Company LTD

Interim / Quarterly Report • Sep 1, 2016

Interim Condensed Consolidated Statement of Profit and Loss and other Comprehensive Income For the period from 1 January 2016 to 30 June 2016

	30 June 2016 Unaudited €	30 June 2015 Unaudited €
Revenue Operating and administrative expenses Other income	301.296 (755.075) -	274.796 (824.252) 1.902
Operating Loss	___ (453.779)	___ (547.554)
Finance Costs	(660.706)	(626.866)
Share of profit from investments accounted for using equity method	3.009.435	1.183.957
Profit before tax Tax	___ 1.894.950 (1.875)	___ 9.537 -
Profit for the period	___ 1.893.075	___ 9.537
Profit for the year attributable to: Owners of the parent Non-controlling interest	========= 1.896.988 (3.913) ___	========= 14.629 (5.092) ___
	1.893.075 =========	9.537 =========
Other comprehensive income Share of reserved movement of associated companies	41.745 ___	- ___
Total comprehensive income for the period	1.934.820 =========	9.537 =========
Profit per share attributable to the shareholders of the Company based on the weighted average number of ordinary shares (cent per shares):
Basic and fully diluted	1,38 =========	0,01 =========

Interim Condensed Consolidated Balance Sheet at 30 June 2016

	30 June 2016	31 December 2015
	Unaudited €	€
Assets
Non-current assets
Property, plant and equipment	19.910	27.995
Investment property	270.321.357	270.858.206
Investments accounted for using the equity method	57.502.882	54.451.702
Available for sale financial assets	20.702.980	20.702.980
	__ 348.547.129 __	__ 346.040.883 __
Current assets
Trade and other receivables Cash and cash equivalents	852.628 3.271	802.454 1.031.823
	_____ 855.899	_____ 1.834.277
Total assets	_____ 349.403.028	_____ 347.875.160
Equity and liabilities	===========	===========
Equity attributable to owners of the parent
Share capital	59.172.679	59.172.679
Share premium	848.729	848.729
Fair value reserve	101.499.340	101.499.340
Revenue reserve	17.235.700	17.235.700
Other reserves	26.713	(15.032)
Retained earnings	86.316.774 _____	84.419.786 _____
	265.099.935 _____	263.161.202 _____
Non-controlling interest	6.806.418	6.810.331
Total equity	_____ 271.906.353	_____ 269.971.533
Non-current liabilties	_____	_____
Borrowings	19.719.554	21.891.221
Deferred tax liabilities	53.565.714 _____	53.565.714 _____
	73.285.268 _____	75.456.935 _____
Current liabilities
Trade and other payables	210.822	174.275
Current tax liabilities Borrowings	2.181 3.998.404	735 2.271.682
	_____ 4.211.407	_____ 2.446.692
Total liabilities	_____ 77.496.675	_____ 77.903.627
Total equity and liabilities	_____ 349.403.028	_____ 347.875.160
	===========	===========

Interim Condensed Consolidated statement of changes in equity for the period ended 30 June 2016

		Att rib ble of the Co uta to ow ne rs mp an y
	Sh are Ca ita l p €	Sh are Pre mi um €	Fa ir v alu e res erv e €	Ot he r res erv es €	Re ve nu e Re se rve	Re tai d ne Ea rni ng s €	To tal €	No n olli ntr co ng Int st ere €	To tal uity eq €
Ba lan Ja 15 at 1 20 ce nu ary	59 .17 2.6 79	84 8.7 29	106 .42 7.8 43	17 .23 5.7 00	( 2) 15 .03	80 .70 3.5 59	26 4.3 73 .47 8	7.8 04 .55 4	27 2.1 78 .03 2
Co reh siv e i mp en nc om e Pro fit for th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 14 .62 9	__ 14 .62 9	_ ( ) 5.0 92	__ 9.5 37
fo To tal reh siv e i r th co mp en nco me e rio d pe	_ -	_ -	__ -	__ -	__ -	_ 14 .62 9	__ 14 .62 9	_ ( ) 5.0 92	__ 9.5 37
Ba lan Ju 15 at 30 20 ce ne (u ud ite d ) na	_ 59 .17 2.6 79 === === === ==	_ 84 8.7 29 === === === ==	__ 106 .42 7.8 43 === === === ===	__ 17 .23 00 5.7 === === === ===	__ ( 15 .03 2) === === === ===	_ 80 .71 8.1 88 === === === ==	__ 26 4.3 88 .10 7 === === === ===	_ 99 .46 2 7.7 === === === ==	__ 27 2.1 87 .56 9 === === === ===

	Co Att rib uta ble to of the ow ne rs mp an y
	Sh are Ca ita l p €	Sh are Pre mi um €	Fa ir v alu e res erv e €	Ot he r res erv es €	Re ve nu e Re se rve	Re tai d ne Ea rni ng s €	To tal €	No n olli ntr co ng Int st ere €	To tal uity eq €
Ba lan Ja at 1 20 16 ce nu ary	59 .17 2.6 79	84 8.7 29	10 1.4 99 .34 0	17 .23 5.7 00	( 2) 15 .03	84 .41 9.7 86	26 3.1 61 .20 2	6.8 10 .33 1	26 9.9 71 .53 3
Co reh siv e i mp en nc om e Pro fit for th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 1.8 96 .98 8	__ 1.8 96 .98 8	__ ( ) 3.9 13	__ 1.8 93 .07 5
siv e i Ot he reh r c om p en nc om e Sh of f t o are re se rve s m ov em en iate d c nie ass oc om pa s	_ -	_ -	__ -	__ -	__ 41 .74 5	_ -	__ 41 .74 5	__ -	__ 41 .74 5
To tal reh siv e i fo r th co mp en nco me e rio d pe	_ -	_ -	__ -	__ -	__ 41 .74 5	_ 1.8 96 .98 8	__ 1.9 38 .73 3	__ ( ) 3.9 13	__ 1.9 34 .82 0
Ba lan 30 Ju 20 16 at ce ne (u ud ite d ) na	_ 59 .17 2.6 79 === === === =	_ 84 8.7 29 === === === ==	__ 10 1.4 99 .34 0 === === === ==	__ 17 .23 5.7 00 === === === ==	__ 26 .71 3 === === === ===	_ 86 .31 6.7 74 === === === =	__ 26 5.0 99 .93 5 === === === ==	__ 6.8 06 .41 8 === === === ==	__ 27 1.9 06 .35 3 === === === ==

Interim Condensed Consolidated statement of cash flows for the period ended 30 June 2016

	30 June 2016 Unaudited €	30 June 2015 Unaudited €
Cash flows from operating activities
Cash used in operations	(506.656) ____	(803.433) ____
Net cash used in operating activities	(506.656)	(803.433)
Cash flows from investing activities	____	____
Purchases of property, plant and equipment	-	(1.710)
Proceeds from disposal of property investment	550.000 ____	- ____
Net cash from / (used in) investing activities	550.000 ____	(1.710) ____
Cash flows from financing activities
Proceeds from new borrowings	730.000	2.267.957
Repayments of borrowings	(2.531.235)	(409.822)
Interest paid	(505.673)	(430.201)
Net cash (used in) /from financing activities	_ (2.306.908) _	_ 1.427.934 _
Net (decrease)/ increase in cash, cash equivalents and bank	(2.263.564)	622.791
overdrafts
Cash, cash equivalents and bank overdrafts at beginning of period	568.396 ____	(2.332.206) ____
Cash, cash equivalents and bank overdrafts at end of period	(1.695.168)	(1.709.415)
	==========	==========