Demetra Holdings Plc

Annual Report • Apr 20, 2015

Consolidated income statement

For the year ended December 31, 2014 _____________________________________________

	2014 €	2013 €
Income
Dividends receivable	330.398	154.239
Interests receivable and other finance cost	2.259.737	3.673.790
Loss from sale, revaluation and exploitation of land and building	(163.608)	(4.755.041)
(Loss) / profit from financial assets	(13.677.279)	14.411.928
	(11.250.752)	13.484.916
Other expenses	(1.604.012)	(1.517.806)
Decrease / (increase) in bad debt provisions	7.206	(2.066.560)
Provision for depreciation of deposits	-	(1.795.066)
Finance cost	(5.755)	(37.994)
Share of loss from associated companies	(457.949)	(96.263)
(Loss) I profit before taxation	(13.311.262)	7.971.227
Taxation	(191.809)	347.963
(Net loss) / net profit for the year	(13.503.071)	8.319.190
Other total (expenses) / income Amounts that can be reclassified in the consolidated income statement in later periods
Exchange profit from conversion and consolidation of financial statements of the subsidiaries	-	125
Profit from revaluation of investments available for sale	18.921	28.975
Total (expenses) / income for the year	(13.484.150)	8.348.290
(Net loss) / net profit attributable to:
Shareholders of the Company	(13.503.071)	8.319.190
(Loss) I earnings per share - cent	(6,75)	4,16

Consolidated balance sheet December 31, 2014

	2014	2013
ASSETS	€	€
Non current assets
Fixed assets	1.446.380	1.395.230
Investment property	32.146.077	32.486.987
Financial assets available for sale	198.621	179.700
Loans and other amounts receivable	-	410.064
Bank deposits	1.000.000	1.010.338
Deferred taxation	1.623.762	1.575.536
Total non current assets	36.414.840	37.057.855
Current assets
Stock	8.723.212	9.351.072
Loans and other amounts receivable	1.118.332	1.399.747
Receivables from associated companies	8.152.615	5.012.012
Financial assets at fair value via the results	56.690.754	49.146.690
Bank deposits	5.781.730	16.708.941
Cash and cash equivalent	24.068.729	35.419.875
Total current assets	104.535.372	117.038.337
Total assets	140.950.212	154.096.192
EQUITY AND LIABILITIES
Equity
Share capital	170.000.000	170.000.000
Reserves	(30.595.167)	(17.111.017)
Total equity	139.404.833	152.888.983
Long term liabilities
Deferred taxation	45.017	27.728
Total long term liabilities	45.017	27.728
Current liabilities
Provision for losses of associated companies	654.343	187.194
Trade and other creditors	528.240	532.681
Current tax liabilities	317.779	459.606
Total current liabilities	1.500.362	1.179.481
Total equity and liabilities	140.950.212	154.096.192
Net assets per share - cents	69,70	76,44