Salamis Tours (Holdings) Public LTD

CONSOLIDATED PROFIT AND LOSS ACCOUNT

	30/06/2014	30/06/2013
	€	€
Turnover	14.019.645	13.203.112
Cost of sales	(11.080.242)	(10.541.225)
Gross profit	2.939.403	2.661.887
Administrative expenses	(1.871.049)	(2.204.187)
Selling expenses	(160.236)	(144.208)
Depreciations	(753.656)	(898.370)
Impairment in value of intangible assets	(4.512)	(4.638)
	(2.789.453)	(3.251.403)
Profit (loss) from operations	149.950	(589.516)
Other income	100.845	74.873
Net finance cost	(140.754)	(192.690)
Profit (loss) before taxation	110.041	(707.333)
Taxation	(120.627)	(15.140)
Net loss for the period	(10.586)	(722.473)
Attributable to:
Shareholders of parent company	(29.776)	(724.543)
Minority interest	19.190	2.070
	(10.586)	(722.473)
	cent	cent

Basic and fully diluted loss per share	(0,08)	(1.98)

CONSOLIDATED BALANCE SHEET
	30/06/2014	31/12/2013

ASSETS	€	€
Non current assets
Property, ships, plant and equipment	14.320.921	14.958.748
Intangible assets	28.185	32.697
Financial assets available for
sale	1.758.791	1.758.791
Loan to related company	341.720	341.720
	16.449.617	17.091.956
Current assets
Stock	571.139	436.096
Trade and other amounts receivable	3.365.789	2.542.106
Corporate tax refundable	14.887	14.887
Cash in hand and at bank	5.121.149	5.892.707
	9.072.964	8.885.796
Total assets	25.522.581	25.977.752
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Reserves	(276.687)	(246.911)
Equity attributable to shareholders	15.430.842	15.460.618
Minority interest	23.275	4.084
Total equity	15.454.117	15.464.702
Non short term liabilities
Borrowing	-	49.984
Deferred tax liabilities	838.453	838.453
	838.453	888.437
Short term liabilities
Trade and other creditors	7.185.730	4.177.070
Borrowing	1.897.687	5.393.180
Current tax liabilities	146.594	54.363
	9.230.011	9.624.613
Total liabilities	10.068.464	10.513.050
Total equity and liabilities	25.522.581	25.977.752