Demetra Holdings Plc

Interim / Quarterly Report • Aug 1, 2014

Consolidated income statement

For the period from January 1 to June 30, 2014

Income

Interests receivable and other finance income	1.152,442	2.012.250
Profit from sale, revaluation and exploitation of land and properties	526.813	625.087
Profit / (loss) from financial assets	4.613.356	(1.448.368)
	6.292.611	1.188.969
Operating expenses	(801.963)	(782.842)
Increase in bad debt provisions	(167.302)	(22.719)
Provision for depreciation of deposits	-	(1.776.483)
Finance cost	(2.107)	(32.746)
Share of loss from associated companies	(67.829)	(28.026)
Profit / (loss) before taxation	5.253.410	(1.453.847)
Taxation	(227.499)	4.151
Net profit / (net loss) for the period	5.025.911	(1.449.696)
Other total expenses Amounts that may be reclassified in the consolidated profit and loss account at later stages
Exchange loss from conversion and consolidation of financial statements of the subsidiaries	-	(24)
Profit from revaluation of investments available for sale	9.768	-
Total income / (expenses) for the period	5.035.679	(1.449.720)
Net profit / (net loss) attributable to:
Shareholders of the Company	5.025.911	(1.449.696)

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Consolidated balance sheet

On June 30, 2014

	June 30 2014	December 31 2013
	C	C
ASSETS
Non current assets
Fixed assets	1.399.510	1.395.230
Investment property	32.564.913	32.486.987
Financial assets available for sale	189.468	179.700
Loans and other amounts receivable	410.064	410.064
Bank deposits	1.000.000	1.010.338
Deferred taxation	1.575.536	1.575.536
Total non current assets	37.139.491	37.057.855
Current assets
Stock	9.351.072	9.351.072
Loans and other amounts receivable	754.655	1.399.747
Receivables from associated companies	6.710.316	5.012.012
Financial assets at fair value
via the results	53.798.463	49.146.690
Bank deposits	3.882.779	16.708.941
Cash and cash equivalent	47.598.528	35.419.875
Total current assets	122.095.813	117.038.337
Total assets	159.235.304	154.096.192
EQUITY AND LIABILITIES

Equity

Share capital	170.000.000	170.000.000
Reserves	(12.075.338)	(17.111.017)
Total equity	157.924.662	152.888.983
Long term liabilities
Deferred taxation	27.728	27.728
Total long term liabilities	27.728	27.728
Current liabilities
Provision for losses of associated companies	255.023	187.194
Trade and other creditors	583.717	532.681
Current tax liabilities	444.174	459.606
Total current liabilities	1.282.914	1.179.481
Total equity and liabilities	159.235.304	154.096.192
Net assets per share – cents	78/96	76,44