Lordos United Public LTD

Earnings Release • Aug 29, 2016

UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT For the period 1 January 2016 to 30 June 2016

	01/01/2016- 30/06/2016	01/01/2015- 30/06/2015
	€	€
Turnover Cost of sales	10.205.347 (7.351.564)	9.222.996 (6.874.371)
Gross profit	2.853.783	2.348.625
Other income Net profit from the sale of property, plant and equipment Distribution and selling expenses Administrative expenses	5.634 6.498 (1.878.612) (647.631)	10.805 7.032 (1.772.640) (714.743)
Profit/(Loss) from operations	339.672	(120.921)
Net finance cost Share of results of associated companies before taxation	(182.632) (3.931)	(251.529) (32.361)
Profit /(Loss) before taxation	153.109	(404.811)
Taxation	67	(2.287)
Net profit/(loss) for the period	153.176	(407.098)
Other total income
Amounts which will be or may be classified to profit or loss in later periods: Exchange difference created from the translation and consolidation of the financial statements of the companies abroad	1.485	3.769
Other total income for the period	1.485	3.769
Net profit/(loss) for the period	154.661	(403.329)
Net profit/(loss) attributable to: Shareholders of holding company Non-controlling shareholding Net profit/(loss)	157.954 (3.293) 154.661	(399.120) (4.209) (403.329)
Profit/(Loss) per share attributable to the shareholders of the holding company (cent)	0.31	(0,83)

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2016

	30/06/2016	31/12/2015
ASSETS	€	€
Non current assets
Property, plant and equipment	4.767.442	5.171.985
Investment in property	8.685.734	8.683.679
Intangible assets	76.887	76.887
Investment in associated enterprises	1.699	5.630
Financial assets available for sale	5.126	5.126
	13.536.888	13.943.307
Current asset
Stock	7.707.429	7.900.624
Trade and other receivables	8.268.755	8.455.553
Tax refundable Cash at bank and in hand	66.893 84.798	67.266 85.108
	16.127.875	16.508.551
Total assets	29.664.763	30.451.858
EQUITY AND LIABILITIES
Equity
Share capital	17.687.678	17.687.678
Reserve for the issue of shares at a premium Other reserves	2.811.191 (115.350)	2.811.191 (116.835)
Accumulated (losses)	(968.984)	(1.125.453)
	19.414.535	19.256.581
Non-controlling shareholding	(77.395)	(74.102)
Total equity	19.337.140	19.182.479
Non-current liabilities Borrowings	2.597.036	2.254.635
Deferred tax liabilities	901.233	900.997
	3.498.269	3.155.632
Current liabilities Trade and other creditors
Borrowings	1.760.099 5.069.255	2.730.073 5.383.674
	6.829.354	8.113.747
Total liabilities	10.327.623	11.269.379
Total equity and liabilities	29.664.763	30.451.858

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the period 1 January 2016 to 30 June 2016

	Equity attributable to the Company's shareholders
	Share Shares at a Capital Premium Reserve			Foreign currencies exchange		Accumulated (loss)/profit	Total Non controlling shareholding		Total
	€	€		reserve €		€	€	€	€
Balance as at 1 January 2015	16.802.178		2.811.191	(104.014)		214.484	19.723.839	(114.078)	19.609.761
Total income Net loss for the period		-	-		-	(407.098)	(407.098)	-	(407.098)
Other total income for the period Loss attributable to non-controlling		-	-		3.769	-	3.769	-	3.769
shareholding		-	-		-	4.209	4.209	(4.209)	-
Balance as at 30 June 2015	16.802.178		2.811.191		(100.245)	(188.405)	19.324.719		(118.287)19.206.432
Balance as at 31 December 2015/ 1 January 2016	17.687.678		2.811.191	(116.835)		(1.125.453)	19.256.581	(74.102)	19.182.479
Total income Net loss for the period		-	-		-	153.176	153.176	-	153.176
Other total income for the period Loss attributable to Non-controlling		-	-		1.485	-	1.485	-	1.485
shareholding Balance as at 30 June 2016	17.687.678	-	- 2.811.191	(115.350)	-	3.293 (968.984)	3.293 19.414.535	(3.293) (77.395)	- 19.337.140

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS

For the period 1 January 2016 to 30 June 2016

	01/01/2016- 30/06/2016	01/01/2015- 30/06/2015
CASH FLOW FROM OPERATIONS	€	€
Profit/(Loss) before taxation Adjustments for:	153.109	(404.811)
Depreciations of property, plant and equipment Exchange difference from the conversion of non-current asset to a foreign	516.333	570.848
στοιχείων currency Exchange difference created from the translation and consolidation	(1.752)	(5.247)
of the financial statements of the companies abroad	1.485	3.769
Share of loss from associated companies	3.931	32.361
Profit from the sale of property, plant and equipment	(6.498)	(7.032)
Credit interest	(1.440)	(964)
Debit interest	175.474	203.976
Cash flow from operations before changes in working
capital	840.642	392.900
Decrease in stocks	193.195	218.465
Decrease/(Increase) in trade and other receivables	186.798	(642.368)
(Decrease)/Increase in trade and other creditors	(969.974)	96.433
Cash flow from operations	250.661	65.430
Tax refunded	373	759
Net cash flow from operations	251.034	66.189
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of property, plant and equipment	(112.945)	(233.384)
Receipt from the sale of property, plant and equipment	7.653	17.000
Collection of interest	1.440	964
Net cash flow for investing activities	(103.852)	(215.420)
CASH FLOW FROM FINANCING ACTIVITIES
Repayments of loans	(640.768)	(177.442)
Repayments of liabilities from finance leases	-	(9.393)
Receipts from new loans	1.131.131	-
Payment of interest	(175.474)	(203.976)
Net cash flow from/(for) financing activities	314.889	(390.811)
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents:	462.071	(540.042)
At the beginning of the period	(4.957.314)	(5.648.065)
At the end of the period	(4.495.243)	(6.188.107)