The Cyprus Cement Public Company LTD

Interim / Quarterly Report • Aug 6, 2015

The Cyprus Cement Public Company Limited

Condensed interim consolidated statement of comprehensive income for the six months period ended 30 June 2015

	Σημ.	30 June 2015 €	30 June 2014 €
Continuing operations
Sales		274.796	413.812
Operating and administrative expenses Other income		(824.252) 1.923	(892.669) -
		___ (547.533)	____ (478.857)
Finance costs	6	(626.866)	(604.277)
Share of profit/(loss) of investments accounted for using equity method	12	1.312.848	(163.669)
Profit/(loss) before tax Income tax expense		___ 138.449 -	____ (1.246.803) -
Profit/(loss) from continuing operations		___ 138.449	____ (1.246.803)
Discontinued operations		___	____
Loss for the period from discontinued operations Loss from loss of control in subsidiary	13 13	- -	(841.923) (1.497.124)
		___ -	____ (2.339.047)
Profit/(loss) for the period		___ 138.449	____ (3.585.850)
Profit attributable to:		=========	==========
Equity holders of the Company Minority interest		101.380 37.069	(2.486.652) (1.099.198)
		___ 138.449 =========	____ (3.585.850) ==========
Other comprehensive income for the period:
Share of movement of reserves of associates		-	3.795
Total profit/(loss) for the period		___ 138.449 =========	____ (3.582.055) ==========
Basic and fully diluted profit/(loss) per share attributable
to the shareholders of the Company (cent per share):	8
From continuing operations From discontinued operations		0,07 -	(0,67) (1,14)
		___ 0,07	____ (1,81)
		=========	==========

The notes on pages 9 to 21 are an integral part of these condensed interim consolidated financial statements.

Condensed interim consolidated balance sheet as at 30 June 2015

	Note	30 June 2015 €	31 December 2014 €
Assets
Non-current assets
Property, plant and equipment	9	34.376	40.740
Investment property	10	271.345.506	271.341.006
Investments accounted for using the equity method	12	78.346.780 _____	77.033.932 _____
		349.726.662 _____	348.415.678 _____
Current assets
Trade and other receivables		930.034	928.991
Cash and cash equivalents		5.548 _____	13.699 _____
		935.582	942.690
Total assets		_____ 350.662.244	_____ 349.358.368
Equity and liabilities		===========	===========
Equity attributable to the owners of the Company
Share capital	15	59.172.679	59.172.679
Share premium	15	848.729	848.729
Fair value reserve		106.427.843	106.427.843
Revenue reserve		17.235.700	17.235.700
Other reserves		(15.032)	(15.032)
Retained earnings		80.804.939 _____	80.703.559 _____
Non-controlling interest		7.841.623 _____	7.804.554 _____
Total equity		272.316.481	272.178.032
Non-current liabilities		_____	_____
Borrowings	16	18.207.742	20.153.878
Deferred tax liabilities		53.565.714 _____	53.565.714 _____
		71.773.456 _____	73.719.592 _____
Current liabilities
Provisions		298.000	298.000
Trade and other payables		302.155	495.260
Current tax liabilities Borrowings	16	305 5.971.847	305 2.667.179
		_____ 6.572.307	_____ 3.460.744
		_____	_____
Total liabilities		78.345.763 _____	77.180.336 _____
Total equity and liabilities		350.662.244 ===========	349.358.368 ===========

The notes on pages 9 to 21 are an integral part of these condensed interim consolidated financial statements.