Salamis Tours (Holdings) Public LTD

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the year ended December 31, 2013

	2013 €	2012 €
Turnover Cost of sales Gross profit	32.326.677 (25.117.681) 7.208.996	34.885.886 (28.616.736) 6.269.150
Administrative expenses Selling expenses	(4.276.358) (257.234)	(4.925.504) (410.716)
Operating profit before other income, depreciations, sale	2.675.404	932.930
of assets, provisions and amortizations Other income Revenues from written-off debtors Depreciation of property, ship, plant and equipment Write-off of properties, ship, plant and equipment Depreciation of intangible assets Provision for write off of bad debts (Loss)/profit from operations (Loss)/Profit from sale of property, ships, plant and equipment Net loss from investment activities Net finance cost (Loss)/ profit before taxation	134.978 - (1.777.522) - (9.026) (35.450) 988.384 (1.689) - (346.908) 639.787	136.164 9.568 (2.443.144)( 1.038) (9.270) (30.388) (1.405.178) (1.293.512) (16.034) (551.831)- (3.266.555)
Taxation	(177.468)	(55.758)
Net (loss)/profit for the year Attributable to: Shareholders of parent company Minority interest	462.319 458.939 3.380 462.319	(3.322.313) (3.323.271) 958
Basic and fully diluted (loss)/ earnings per share attributable to shareholders of parent company (cent)	1 . 2 6	(3.322.313) 9,10

€ € ASSETS Non current assets Property, ship, plant and equipment 14.958.748 17.385.878 Intangible assets 32.697 41.723 Financial assets available for sale 1.758.791 1.739.068 Other amounts rceivable 341.720 361.372 17.091.956 19.528.041 Current assets Stock 436.096 375.720 Trade and other debtors 2.542.106 3.496.874 Corporate tax refundable 14.887 8.095 Cash in hand and at bank 5.892.707 5.482.899 8.885.796 9.363.588 Total assets 25.977.752 28.891.629 EQUITY AND LIABILITIES Capital and reserves Share capital 15.707.529 15.707.529 Share premium 937.067 937.067 Fair value reserves 2.235.944 2.858.296 Accumulated losses (3.419.922) (3.878.861) Equity attributable to shareholders of parent company 15.460.618 15.624.031 Minority interest 4.084 704 Total equity 15.464.702 15.624.735 Non short term liabilities Borrowing 49.984 1.849.985 Deferred tax liabilities 838.453 920.611 888.437 2.770.596 Short term liabilities Trade and other creditors 4.177.070 3.957.771 Borrowing 5.393.180 6.524.444 Current tax liabilities 54.363 14.083 9.624.613 10.496.298 Total liabilities 10.513.050 13.266.894 Total equity and liabilities 25.977.752 28.891.629		2013	2012