Agros Development Company "Proodos" Public LTD

CONSOLIDATED PROFIT AND LOSS ACCOUNT

	January 1	January 1
	2016 to June	2015 to June
	30	30
	2016	2015
	€	€
Turnover	975.068	889.632
Cost of sales	(748.816)	(741.831)
Gross profit	226.252	147.801
Administrative and selling expenses	(130.970)	(128.780)
Depreciation	(91.065)	(123.751)
Other operating expenses	(57.259)	(58.822)
(Loss) / Profit from operations
Before net finance cost	(53.042)	(163.552)
Finance income	1	0
Finance cost	(73.449)	( 92.542)
Net finance cost	(73.448)	( 92.542)
(Loss) / profit before taxation	(126.490)	(256.094)
Taxation	(19.550)	(77.921)
(Loss) / profit attributable to shareholders	(146.040)	(334.015)
Other total income
Diminution in deferred taxation in revaluation of
land	(501)	60.201
Total income for the period/year	(146.541)	(273.814)
Basic and fully diluted (loss) /
Earnings per share (cent)	(4,07)	(9,30)

	June 30	December 31
	2016	2015
Assets	€	€
Property, plant and equipment	10.898.343	10.964.668
Total non current assets	10.898.343	10.964.668
Property for sale and development	549.315	549.315
Investments available for sale	11	11
Stock	78.031	81.679
Trade and other amounts receivable	89.535	101.249
Cash in hand and at bank	17.663	33.341
Total current assets	734.555	765.595
Total assets	11.632.898	11.730.263
Equity and liabilities
Share capital	6.139.268	6.139.268
Reserves	1.017.080	1.163.621
Total equity	7.156.348	7.302.889
Non short term liabilities
Deferred tax liabilities	1.228.498	1.208.447
Installments of long term loans	2.193.409	2.141.126
Total non current liabilities	3.421.907	3.349.573
Current liabilities
Bank overdrafts	556.287	545.727
Current installments of long term loans	310.147	383.220
Trade and other amounts payable	187.945	148.742
Current tax liabilities	264	112
Total current liabilities	1.054.643	1.077.801
Total liabilities	4.476.550	4.427.374
Total equity and liabilities	11.632.898	11.730.263