The Cyprus Cement Public Company LTD

Interim / Quarterly Report • Aug 29, 2014

The Cyprus Cement Public Company Limited

Condensed interim consolidated income statement for the six months ended 30 June 2014

	30 June 2014 €	30 June 2013 €
Continuing operations
Sales	413.812	288.350
Operating and administrative expenses	(879.663)	(862.327)
Depreciation	(13.006) ___	(15.636) ___
	478.857	(589.613)
Finance costs	(604.477)	(572.521)
Share of profit/(loss) of associates	832.876	(1.876.000)
Share of loss of joint venture	(996.545) ___	- ___
Loss before tax	(1.246.803)	(3.038.134)
Tax	- ___	(24.888) ___
Loss for the period	(1.246.803)	(3.063.022)
Discontinued operations	___	___
Loss for the period from discontinued operations	(841.923)	(3.313.943)
Loss from loss of control in subsidiary	(1.497.124)	-
	___ (2.339.047)	___ (3.313.943)
	___	___
Loss for the period	(3.585.850) ___	(6.376.965) ___
Other comprehensive income for the period
Share of movement of reserves of associates	3.795	-
Total comprehensive loss for the period	___ (3.582.055) =========	___ (6.376.965) =========
Attributable to: Equity holders of the company	(2.486.652)	(5.263.617)
Non-controlling interest	(1.099.198)	(1.113.348)
	___	___
	(3.585.850) =========	(6.376.965) =========
Basic and fully diluted loss per share attributable to the shareholders of the Company (cent per share)
From continuing operations	(0,67)	(2,21)
From discontinued operations	(1,14)	(1,62)
	___	___
	(1,81) =========	(3,83) =========

Condensed interim consolidated balance sheet as at 30 June 2014

€ € Assets Non-current assets Property, plant and equipment 52.207 97.557.876 Investment property 271.968.351 271.968.351 Investments in associates 53.139.341 52.575.658 Investments in joint ventures 20.380.579 __ _ 345.540.478 __ _ Current assets Inventories - Trade and other receivables 1.121.423 Cash and cash equivalents 200.817 __ _ 1.322.240 __ _ Total assets 346.862.718 427.104.212 =========== =========== Equity and liabilities Equity attributable to owners of the Company Share capital 59.172.679 59.172.679 848.729 Share premium 848.729 Fair value reserve 111.261.444 Revenue reserve 17.235.700 Retained earnings 74.714.971 __ _ 263.233.523 265.716.380 Non-controlling interest 6.732.576 7.831.774 __ _ Total equity 269.966.099 __ _ Non current liabilities 20.181.598 Borrowings 68.465.908 Deferred tax liabilities 53.665.924 63.598.833 __ _ 73.847.522 __ _ Current liabilities Provisions 354.299 391.215 Trade and other payables 424.351 4.602.979 Current tax liabilities 1.605 9.811 Borrowings 2.268.842 __ _ 3.049.097 __ _ Total liabilities 76.896.619 __ _ Total equity and liabilities 346.862.718 427.104.212 =========== ===========		30 June	31 December
		2014	2013
			1.150.396
			423.252.281
			1.542.387
			2.110.670
			198.874
			3.851.931
			115.264.715
			17.235.700
			73.194.557
			273.548.154
			132.064.741
			16.487.313
			21.491.317
			153.556.074