K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED PROFIT AND LOSS ACCOUNT

	Half year ended 30 June
	2016	2015
	€	€

Turnover	4.895.850	3.010.542
	(4.193.516)
Cost of sales		(3.047.979)
Gross profit / (loss)	702.234	(37.437)

Other income	83.073	151.407

Selling and marketing expenses	(46.450)	(52.321)
Administrative expenses	(533.624)	(496.086)
Increase in the fair value of investments held for trading	114	99
Decrease in the fair value of investments held for trading	(1.401)	(1.896)
Loss from revaluation of investments in property	(32.366)	-
Finance cost	(47.026)	(63.932)
Share of loss from participation in associated company	-	(52.087)
Profit/(loss) before taxation	124.654	(552.253)

Taxation	177	(29.212)
Profit/(loss) for the period	124.831	(581.465)
Other total expenses:
(Increase)/decrease in the fair value of investments available
for sale	(1.746)	5.242

Total income/(expenses) for the period attributable to the
shareholders	123.085	(576.223)

Basic and fully diluted profit/(loss) per share (cent)	0.29	(1.37)

	30 June 2016	30 June 2015
	€	€
ASSETS
Non-current assets
Property, plant and equipment	5.256.856	5.521.742
Goodwill	1.382.206	1.382.206
Investment in property	2.620.322	2.324.998
Investments available for sale	22.715	24.461
	9.282.099	9.253.407
Current assets
Stock	1.487.285	1.341.276
Investment held for trading	18.088	19.375
Trade debtors and other debit balances	2.594.430	3.057.436
Taxation	5.445	5.444
Cash at bank and in hand	310.707	736.988
	4.415.955	5.160.519
TOTAL ASSETS	13.698.05	14.413.926
	4

EQUITY AND LIABILITIES

Equity
Share capital	7.216.500	7.216.500
Reserves	3.890.644	3.767.559
Total equity	11.107.144	10.984.059

Non-current liabilities
Long-term instalments of hire-purchase creditors	-	-
Deferred taxation	197.097	197.276
Total non-current liabilities	197.097	197.276

Current liabilities
Trade creditors and other credit balances	1.291.600	2.071.847
Current instalments of hire-purchase creditors	21.439	64.314
Bank overdrafts	1.080.774	1.096.430
Total current liabilities	2.393.813	3.232.591
Total liabilities	2.590.910	3.429.867
Total equity and liabilities	13.698.054	14.413.926

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 30 JUNE 2016

	Share Capital €	Difference from conversion of share capital into Euro reserve €	Profit and loss account Reserve €	Share premium reserve €	Property revaluation reserve €	Revaluation of investments available for sale reserve €	Other reserves €	Total €
Balance as at 31 December 2014	7.216.500	36.513	2.046.993	2.019.176	1.051.120	-	39.761	12.410.063
Total comprehensive expenses for the period	-	-	(581.465)	-	-	5.242	-	(576.223)
Balance as at 30 June 2015	7.216.500	36.513	1.465.528	2.019.176	1.051.120	5.242	39.761	11.833.840
Balance as at 31 December 2015	7.216.500	36.513	625.905	2.019.176	1.046.204	-	39.761	10.984.059
Total comprehensive expenses for the period	-	-	124.831	-	-	(1.746)	-	123.085
Balance as at 30 June 2016	7.216.500	36.513	750.736	2.019.176	1.046.204	(1.746)	39.761	11.107.144

	Half year ended 30 June
	2016	2015
	€	€
Cash flow from operations
Profit/(loss) before taxation	124.654	(552.253)
Adjustments for items not affecting cash movement	396.525	432.431
Operating profit/(loss) before changes in working capital	521.179	(119.822)
Change in working capital	(463.253)	(603.045)
Cash from / (for) operations	57.926	(722.867)
Tax paid	-	(4.574)

Net cash from / (for) operations	57.926	(727.441)
Cash flow used for investing activities	(378.650)	(180.027)
Cash flow used for financing activities	(89.901)	(106.807)

Net decrease in cash and cash equivalents	(410.625)	(1.014.275)
Cash and cash equivalents at beginning of period	(359.442)	(532.094)
Cash and cash equivalents at end of period	(770.067)	(1.546.369)