The Cyprus Cement Public Company LTD

	Note	2013 €	As restated (Note 31) 2012 €
Revenue	5	16.446.050	21.499.178
Cost of food and beverages Other operating and administrative expenses Depreciation Other income Other losses Impairment of goodwill	8 16 7 6 18	(1.895.557) (14.344.468) (1.916.124) 500 (15.807) - _____	(2.408.089) (17.343.899) (1.916.043) 508.926 (198.539) (2.564.749) _____
Operating loss Finance costs Foreign exchange income/(loss) Share of loss of associates Share of loss of joint venture	11 11 19 21	(1.725.406) (4.953.119) 75.111 (2.783.253) (110.446)	(2.423.215) (4.396.467) (103.832) (124.476) (9.872)
Loss before tax Taxation	12	_____ (9.497.113) (1.426.103)	_____ (7.057.862) (5.165.487)
Loss for the year		_____ (10.923.216)	_____ (12.223.349)
Attributable to: Owners of the parent Non-controlling interest		__ (8.955.473) (1.967.743) __ (10.923.216)	__ (9.916.804) (2.306.545) __ (12.223.349)
Loss per share attributable to the shareholders of the Company based on the weighted average number of ordinary shares (cent per share): - Basic and fully diluted	13	=========== (6,51) ===========	=========== (7,21) ===========

	Note	2013 €	As restated (Note 31) 2012 €
Loss for the year		(10.923.216)	(12.223.349)
Other comprehensive income: Items that can not be reclassified in profit and loss		_____	_____
Deferred tax adjustment	28	3.997.139	4.285.467
Share of reserves of associated companies	19	(440.220)	3.355.539
Reversal of revaluation gain of land and buildings	16	(20.131.724)	(23.155.210)
Other comprehensive loss for the year, net of tax		____ (16.574.805)	____ (15.514.204)
Total comprehensive loss for the year		____ (27.498.021) ==========	____ (27.737.553) ==========
Attributable to:
Owners of the parent		(20.252.655)	(19.259.168)
Non-controlling interest		(7.245.366)	(8.478.385)
Total comprehensive loss for the year		____ (27.498.021) ==========	____ (27.737.553) ==========

		2013	2012
	Note	€	€
Other income	7	500	945.972
Depreciation	16	-	(16.683)
Other operating and administrative expenses	8	(344.940)	(562.021)
Other losses	6	(1.040.500)	(1.094.981)
Impairment of investment in subsidiary	20	(14.866.880)	(8.800.000)
		_____ (16.251.820)	_____ (9.527.713)
Finance costs	11	(1.013.735)	(849.180)
Loss before tax		_____ (17.265.555)	_____ (10.376.893)
Income tax	12	-	(409.831)
Total comprehensive loss for the year		_____ (17.265.555)	_____ (10.786.724)
		===========	===========

	Note	2013 €	As restated (Note 1) 2012 €
Assets
Non-current assets
Property, plant and equipment	16	97.557.876	119.033.558
Investment property	17	271.968.351	271.903.351
Investments in associates Investment in joint venture	19 21	52.575.658 1.150.396	55.799.131 1.257.583
Available for sale financial assets	22	2.848	2.848
		_____ 423.255.129	_____ 447.996.471
Current assets		_____	_____
Land under development and inventories	23	1.542.387	1.639.456
Trade and other receivables	24	2.107.822	1.940.288
Cash and cash equivalents	25	198.874 _____	71.091 _____
		3.849.083	3.650.835
Total assets		_____ 427.104.212 ===========	_____ 451.647.306 ===========
Equity and liabilities
Equity attributable to owners of the parent
Share capital	26	59.172.679	59.172.679
Share premium Fair value reserve	26	848.729 115.279.747	848.729 126.576.929
Revenue reserve		17.235.700	17.235.700
Other reserves		(15.032)	(15.032)
Retained earnings		73.194.557 _____	82.150.280 _____
		265.716.380	285.969.285
Non-controlling interest		7.831.774 _____	15.077.357 _____
Total equity		273.548.154	301.046.642
Non-current liabilities		_____	_____
Deferred tax liabilities	28	63.598.833	66.215.116
Borrowings	27	68.465.908 _____	59.679.209 _____
		132.064.741	125.894.325
		_____	_____

			As restated (Note 31)
		2013	2012
	Note	€	€
Current liabilities
Provisions	30	391.215	1.181.653
Trade and other payables	29	4.602.979	4.737.665
Current tax liabilities		9.811	27.053
Borrowings	27	16.487.313	18.759.968
		_____ 21.491.318	_____ 24.706.339
Total liabilities		_____ 153.556.074	_____ 150.600.664
Total equity and liabilities		_____ 427.104.212	_____ 451.647.306
		===========	===========

On 29 April 2014 the Board of Directors of The Cyprus Cement Public Company Limited authorised these financial statements for issue.

George St. Galatariotis, Executive Chairman

Vassos G. Lazarides, Finance Director

		2013	2012
	Note	€	€
Assets
Non-current assets
Investment property	17	836.950	270.500.000
Investments in subsidiaries	20	282.948.274	30.983.682
Investments in associates	19	52.597.405	52.597.405
		_____	_____
		336.382.629 _____	354.081.087 _____
Current assets
Trade and other receivables	24	6.499.615	3.490.804
Cash and cash equivalents	25	217	537
		_____	_____
		6.499.832	3.491.341
Total assets		_____ 342.882.461	_____ 357.572.428
		===========	===========
Equity and liabilities
Capital and reserves
Share capital	26	59.172.679	59.172.679
Share premium		910.103	910.103
Fair value reserve		-	113.967.992
Revenue reserve		17.282.506	17.282.506
Retained earnings		191.443.992	94.741.555
		_____ 268.809.280	_____ 286.074.835
		_____	_____
Non-current liabilities
Borrowings	27	14.735.266	11.981.625
Deferred tax liabilities	28	53.565.714	53.565.714
		_____ 68.300.980	_____ 65.547.339
		_____	_____
Current liabilities
Provisions	30	391.215	1.181.653
Trade and other payables	29	512.062	256.739
Current tax liabilities		-	2.320
Borrowings	27	4.862.220 _____	4.509.542 _____
		5.772.201	5.950.254
Total liabilities		_____ 74.073.181	_____ 71.497.593
		_____	_____
Total equity and liabilities		342.882.461	357.572.428
		===========	===========

On 29 April 2014 the Board of Directors of The Cyprus Cement Public Company Limited authorised these financial statements for issue.

George St. Galatariotis Vassos G. Lazarides Executive Chairman Finance Director

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