G.A.P. Vassilopoulos Public Ltd

Interim / Quarterly Report • Aug 29, 2014

G.A.P. Vassilopoulos Public Limited

Consolidated income statement for the period ended June 30, 2014

	June 30, 2014	June 30, 2013
Sales	21.346.137	20.592.501
Cost of sales	(18.681.870)	(18.002.953)
Gross profit	2.664.267	2.589.548
Other income	20.354	20.245
Administrative expenses	(2.768.885)	(2.485.653)
(Loss)/Profit from operations Finance cost – net Share of loss of associated companies (Loss) before taxation Taxation	(84.264) (439.846) (18.500) (542.610)	124.140 (517.824) (15.000) (408.684)
(Loss) before minority interest	(4.639) (547.249)	(9.500) (418.184)
Attributable to:	(535.965)	(554.645)
Shareholders of the Company	(11.284)	136.461
Minority interest	(547.249)	(418.184)
(Loss) per share (cent):	Cents	Cents
Basic	(1,38)	(1,43)
Fully diluted	(1,38)	(1,43)

G.A.P. Vassilopoulos Public Limited

Consolidated balance sheet

	June 30	December 31
Assets	2014	2013
	€	€
Non current asset
Property, plant and equipment	14.110.911	14.424.418
Intangible assets	1.378.304	1.331.135
Investments in associated company	879.638	879.638
Financial assets available for sale	66.195 ___	66.195 ___
	16.435.048 ___	16.701.386 ___
Current assets
Stock	15.800	16.220
Trade and other debtors	17.583.862	16.695.149
Cash available and equivalent	6.835.573 ___	9.007.635 ___
	24.435.235	25.719.004
Total assets	___ 40.870.283	___ 42.420.390
	=========	=========
Liabilities and minority interest
Non current liabilities
Borrowing	4.730.735	5.067.485
Deferred tax liabilities	902.960	902.960
Liabilities of associated company	419.564	401.564
	__ 6.053.259	___ 6.372.009
Current liabilities	___	___
Trade and other creditors	11.297.969	12.292.003
Current tax liabilities	181.770	163.036
Borrowing	9.786.018	9.926.977
	___ 21.265.757	___ 22.382.016
Total liabilities	___ 27.319.016	___ 28.754.025
	___	___
Capital and reserves
Share capital	6.587.540	6.587.540
Difference from redenomination of capital in euros	33.332	33.332
Other reserves	1.846.043	1.530.773
Retained profits	2.617.664 ___	3.153.629 ___
	11.084.579	11.305.274
Minority interest	2.466.688 ___	2.361.091 ___
	13.551.267	13.666.365
Total equity and liabilities	___ 40.870.283	___ 42.420.390
	========	========