Top Kinisis Travel Public LTD

TOP KINISIS TRAVEL PUBLIC LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015

	2015	2014
	€	€
Turnover	27.021.079	25.857.458
Cost of Sales	(24.613.982)	(23.278.526)
Gross Profit	2.407.097	2.578.932
Other Income	64.340	26.688
Administrative Expenses	(1.939.209)	(1.957.074)
Selling Expenses	(461.472)	(442.856)
Other Expenses	-	-
Profit/(Loss) from Operations	70.466	205.690
Net Finance Expenses	(152.347)	(152.347)
Gain on Sale of Subsidiary	20.000	-
Gain/(Loss) on Investment Valuation	(389)	(131)
Asset held for resale impairment written off	(68.000)	-
Share of profit/(loss) from Associate Company	6.247	13.701
(Loss)/Gain for the year before taxation	(133.559)	66.913
Taxation	(28.631)	(14.188)
(Loss)/Gain for the year	(162.190)	52.725
Other Comprehensive Income
FX retranslation difference from subsidiaries	6.116	(8.320)
Devaluation of Tangible Non Current Assets	-	-
Deferred Taxation	(8.524)	9.995
Total other comprehensive (loss)/income for the year	(2.408)	1.675
Total (Loss)/Profit for the year	(164.598)	54.400
Total (Loss)/Profit for the year attributable to:
Shareholders	(165.084)	50.901
Minority Interest	2.894	1.824
	(162.190)	52.725

Earnings per Share
Basic Earnings per Share (cents)		0,42
	(1,35)

Fully diluted Earnings per Share (cents) (1,35) 0,42

I hereby certify that the above is an exact translation of the audited financial statements (extract).

_____________________________

Lorenzo Sordini Group Financial Controller

ASSETS € € Non Current Assets Tangible Fixed Assets 2.963.465 3.014.288 Intangible Fixed Assets 1.496.549 1.494.700 Investments in Associates 119.632 122.237 Total Non-current Assets 4.579.646 4.631.225 Current Assets Trade and Other Debtors 2.669.078 2.261.696 Investments held to maturity 8.171 171 Investments available for sale 634 1.023 Taxation Receivable 6.247 10.964 Cash in hand and at Banks 136.966 147,175 2.821.096 2.851.029 Asset Held for Resale 352.000 420.000 3.173.096 3.271.029 Total Current Assets Total Assets 7.752.742 7.902.254 OWNERS' EQUITY & LIABILITIES Owners' Equity Share Capital 4.152.084 4.152.084 Reserves (603.640) (436.151) Total Equity 3.548.444 3.715.933 Minority Interest 16.941 13.596 Total Shareholders' Equity 3.564.935 3.729.529 Non Current Liabilities Deferred Taxation 116.418 79.515 Loan (long-term portion) 142.488 171.840 258.906 251.355 Total Non-current Liabilities Current Liabilities Trade and Other Creditors 1.484.736 1.617.411 Dividend Payable 3.173 3.173 Bank Overdrafts 2.400.633 2.254.233 Loan (current portion) 40.204 40.204 Taxation 155 6.349 3.928.901 3.921.370 Total Current Liabilities Total Liabilities and Owners' Equity 7.752.742 7.902.254	2015	2014

I hereby certify that the above is an exact translation of the audited financial statements (extract).

_____________________________

Lorenzo Sordini Group Financial Controller