Report Publication Announcement • Nov 14, 2014
Report Publication Announcement
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SS LAIKI CAPITAL
Laiki Capital Public Co Ltd (the "Company") announces that, at yesterday's meeting, its Board of Directors approved the Condensed Interim Consolidated Financial Statements of the Group (where "Group" means the Company and its subsidiary, Laiki Financial Services Limited) for the nine month period ended September 30, 2014, which are hereby attached.
Extract of the Condensed Interim Consolidated Financial Statements of the Group was published today, Friday, November 14, 2014 in the newspaper "Philelepheros". The Condensed Interim Consolidated Financial Statements of the Group will not be sent to the shareholders, but the interested investors could obtain, free of charge, copy of the entire text of them at the Company's offices, Laiki Capital House, 26 Byron Avenue, 1096 Nicosia. The Condensed Interim Consolidated Financial Statements of the Group are also available on the Company's website (www.laikifs.com) and on website of the Cyprus Stock Exchange (www.cse.com.cy).
LAIKI CAPITAL PUBLIC CO LTD
Maria Ioannou Achillides
Company Secretary
Nicosia, November 14, 2014
CC: Cyprus Securities & Exchange Commission
| For the nine month period ended |
||
|---|---|---|
| 30.09.2014 € |
30.09.2013 € |
|
| Brokerage commissions, fees from financial services | 505.035 | 730.931 |
| Net interest income | 83.309 | 412.479 |
| Other Income | 253.800 | 84.956 |
| 842.144 | 1.228.366 | |
| Administrative Expenses | (1.390.648) | (2.416.402) |
| Gain/(Loss) on revaluation and sale of financial assets at fair value through profit and loss |
5.717 | (322.773) |
| Profit on sale of available for sale financial assets | - | 34.755 |
| Impairment of available for sale financial assets | - | (909.412) |
| Impairment of cash balances and cash equivalents | - | (25.117.100) |
| Impairment of contribution to Investors Compensation Fund | (54.661) | - |
| Loss on revaluation of investment property | - | (200.000) |
| Loss on revaluation of own property | - | (953.995) |
| Finance expenses | (11.681) | (8.220) |
| Loss before taxation | (609.129) | (28.664.781) |
| Taxation | (18.168) | 171.434 |
| Loss for the period attributable to shareholders | (627.297) | (28.493.347) |
| Loss per share attributable to shareholders (cents) | (0,22) | (10,10) |
| 30.09.2014 | 31.12.2013 | |
|---|---|---|
| ASSETS | € | € |
| Non-Current Assets | ||
| Intangible assets | 72.867 | 105.647 |
| Property, plant and equipment | 3.701.342 | 5.280.366 |
| Investment property | 4.606.000 | 3.062.500 |
| Loans receivable | 85.380 | 85.380 |
| Available for sale financial assets | 601.697 | 557.041 |
| Contribution to Investors Compensation Fund | 740.644 | 780.726 |
| 9.807.930 | 9.871.660 | |
| Current Assets | ||
| Trade and other receivables | 1.619.678 | 1.298.775 |
| Financial assets at fair value through profit and loss | 36.981 | 30.472 |
| Current income tax assets | 4.106 | 7.982 |
| Cash and cash equivalents | 2.162.505 | 4.246.987 |
| 3.823.270 | 5.584.216 | |
| Total Assets | 13.631.200 | 15.455.876 |
| EQUITY & LIABILITIES | ||
| Capital and Reserves | ||
| Share Capital | 78.028.207 | 78.028.207 |
| Treasury shares | (1.190.000) | (1.190.000) |
| Other reserves | 419.416 | 374.759 |
| Accumulated losses | (64.933.798) | (64.306.501) |
| Total Equity | 12.323.825 | 12.906.465 |
| Non-Current Liabilities | ||
| Borrowing | 85.380 | 85.380 |
| 85.380 | 85.380 | |
| Current Liabilities | ||
| Bank overdraft | - | 1.621.890 |
| Other payables | 1.104.824 | 731.479 |
| Current tax liabilities | 117.171 | 110.662 |
| 1.221.995 | 2.464.031 | |
| Total Liabilities | 1.307.375 | 2.549.411 |
| Total Equity and Liabilities | 13.631.200 | 15.455.876 |
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