Ch. Charilaou Group Plc

Annual / Quarterly Financial Statement • Aug 25, 2016

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF TOTAL INCOME Period from 1 January 2016 to 30 June 2016

	01/01-30/06	01/01-30/06
	2016	2015
	€	€
Income	1.052.665	1.103.477
Cost of sales	(752.918)	(758.971)
Gross profit	326.747	344.506
Other income	--	--
Loss from investing activities	(10.000)	(38.685)
Sales and administrative expenses	(247.909)	(245.282)
Profit from operating activities	68.838	60.539
Net finance costs	(4.103)	(4.682)
Profit before taxation	64.735	55.857
Taxation	-	--
Net profit	64.735	55.857
Other total income	-	--
Total income for the period	64.735	55.857
Earnings per share attributed to the shareholders of the
parent company (cent)	0.00029	0.00025

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2016

	30/06/2015 €	31/12/2015 €
ASSETS
Non-current assets
Plant and equipment	54.895	71.767
Other intangible assets	461.505	470.222
	516.400	541.989
Current assets
Stocks	337.491	273.592
Trade and other receivables	1.113.094	717.668
Financial assets at fair value through profit and loss	4.740	14.740
Cash at bank and in hand	492.695	551.787
	1.948.020	1.557.787
Total assets	2.464.420	2.099.776
EQUITY AND LIABILITIES
Equity
Share capital	362.430	362.430
Accumulated profits	1.270.410	1.205.675
Total equity	1.632.840	1.568.105
Non-current liabilities
Borrowings	20.356	28.091
	20.356	28.091
Current liabilities
Trade and other creditors	702.142	457.191
Bank overdraft	83.107	20.414
Borrowings	22.500	22.500
Current tax liabilities	3.475	3.475
	811.224	503.580
Total liabilities	831.580	531.671
Total equity and liabilities	2.464.420	2.099.776

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Period from 1 January 2016 to 30 June 2016

	Accumulated
	Share capital	profits	Total
	€	€	€
Balance – 1 January 2106	362.430	1.205.675	1.568.105
Total income for the period	--	64.735	64.735
Balance – 30 June 2016	362.430	1.270.410	1.632.840
Balance – 1 January 2015	362.430	1.199.333	1.561.763
Net profit for the year	--	(22.735)	(22.735)
Contribution for defence to deemed
dividend distribution	--	(16.393)	(16.393)
Balance – 31 December 2015	362.430	1.205.675	1.568.105

Companies which do not distribute 70% of their profits after tax, as defined by the Special Contribution for the Defence of the Republic Law, by the end of the two years after the end of the year of assessment to which the profits refer, will be deemed to have distributed this amount as dividend.

Special contribution for defence at 20% for the years 2012 and 2013 and 17% for 2014 onwards will be payable on such deemed dividend to the extent that the shareholders (individuals and companies) at the end of the period of two years from the end of the year of assessment to which the profits refer, are Cyprus tax residents. The amount of this deemed dividend distribution is reduced by any actual dividend already paid for the year to which the profits refer. This special contribution for defence is paid by the Company for the account of the shareholders.

CH. CHARILAOU GROUP PLC

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the period from 1 January 2016 to 30 June 2016

	01/01-30/06/
	2016	31/12/2015
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	64.735	55.737
Adjustments for:
Depreciation of plant and equipment	16.872	29.903
Depreciation of goodwill	8.718	17.434
Losses of fair value in financial assets	10.000	140.000
Charge for decrease in value of investments in associated
companies	---	---
Charge for decrease in value of plant and equipment	---	46.818
Credit interest	(425)	(2.895)
Debit interest	4.528	8.735
	104.428	295.732
Cash flow for operating activities before changes in working
capital
Increase in stocks	(63.899)	(93.342)
(Increase)/Decrease in trade and other receivables	(395.426)	261.687
Increase/(Decrease) in trade and other creditors	244.951	(224.855)
Cash flow (for)/from operating activities	(109.946)	239.222
Tax paid	---	(75.276)
Net cash flow (for)/from operating activities	(109.946)	163.946
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of property, plant and equipment	(--)	(82.470)
Interest received	425	2.895
Net cash flow for investing activities	425	(79.575)
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of loans	(7.735)	(14.635)
Payment of interest	(4.528)	(8.735)
Payment of contribution for defence to deemed dividend
distribution		(16.393)
Net cash flow from financing activities	(12.263)	(39.763)
Net (decrease)/increase in cash and cash equivalents	(121.784)	44.608
Cash and cash equivalents:
at beginning of period	531.373	486.765
at end of period	409.588	531.373