LCP Holdings and Investments Public LTD

Earnings Release • Apr 30, 2014

LAIKI CAPITAL PUBLIC CO LTD

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2013

LAIKI CAPITAL PUBLIC CO LTD

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2013

	2013	2012
	€	€
Brokerage commissions and fees from financial services	888.849	2.757.170
Dividend income	22.189	22.189
Interest income	517.847	1.480.034
Other Income	86.468	42.311
	1.515.353	4.301.704
Administrative Expenses	(3.171.429)	(4.918.713)
Loss on revaluation and sale of financial assets at fair value through profit and loss	(318.039)	(62.914)
Profit on sale of available for sale financial assets	34.755	-
Impairment of available for sale financial assets	(1.090.610)	(7.015.540)
Impairment of goodwill and other intangible assets	-	(23.602.913)
Loss on revaluation of investment property	(678.500)	(1.669.000)
Loss on revaluation of property for own use	(1.127.949)	(3.821.023)
Impairment of cash balances and cash equivalents	(25.117.100)	-
Profit from sale of property, plant and equipment	-	28.831
Finance expenses	(12.730)	-
Loss before taxation	(29.966.249)	(36.759.568)
Taxation	265.148	2.260.004
Loss for the year attributable to shareholders	(29.701.101)	(34.499.564)
Loss per share attributable to shareholders (cents)	(10,52)	(12,22)

LAIKI CAPITAL PUBLIC CO LTD

AUDITED CONSOLIDATED BALANCE SHEET AS AT DECEMBER 31, 2013

	2013	2012
ASSETS	€	€
Non-Current Assets
Intangible assets	105.647	144.167
Property, plant and equipment	5.280.366	9.073.986
Investment property	3.062.500	1.131.000
Loans receivable	85.380	85.380
Available for sale financial assets	557.041	1.740.264
Trade and other receivables	780.726	768.887
	9.871.660	12.943.684
Current Assets
Trade and other receivables	1.298.775	1.594.057
Financial assets at fair value through profit and loss	30.472	318.460
Current income tax assets	7.982	13.544
Cash and cash equivalents	4.246.987	28.851.067
	5.584.216	30.777.128
Total Assets	15.455.876	43.720.812
EQUITY & LIABILITIES
Capital and Reserves
Share Capital	78.028.207	78.028.207
Treasury shares	(1.190.000)	(1.190.000)
Other reserves	374.759	371.038
Accumulated losses	(64.306.501)	(34.531.429)
Total Equity	12.906.465	42.677.816
Non-Current Liabilities
Borrowing	85.380	85.380
Deferred tax liabilities	-	282.328
	85.380	367.708
Current Liabilities
Bank overdraft	1.621.890	-
Other payables	731.479	573.551
Current tax liabilities	110.662	101.737
	2.464.031	675.288
Total Liabilities	2.549.411	1.042.996
Total Equity and Liabilities	15.455.876	43.720.812