G.A.P. Vassilopoulos Public Ltd

Interim / Quarterly Report • Aug 30, 2013

G.A.P. Vassilopoulos Public Limited

Consolidated income statement for the period ended June 30, 2013

	June 30, 2013	June 30, 2012
Sales	20.592.501	32.299.001
Cost of sales	(18.002.953)	(27.549.289)
Gross profit	2.589.548	4.749.712
Other income	20.245	3.419
Administrative expenses	(2.485.653)	(4.285.376)
Profit from operations	124.140	467.755
Finance cost – net	(517.824)	(449.840)
Share of loss of associated companies	(15.000)	-
(Loss)/profit before taxation	(408.684)	17.915
Taxation	(9.500)	(2.329)
(Loss)/profit before minority interest	(418.184)	15.586
Attributable to: Shareholders of the Company Minority interest	(554.645)	(569.751)
	136.461
		585.337
	(418.184)	15.586
(Loss) per share (cent):
Basic	Cents	Cents
	(1,43)	(1,47)
Fully diluted	(1,43)	(1,47)

G.A.P. Vassilopoulos Public Limited

Consolidated balance sheet

	June 30	December 31
Assets	2013	2012
	€	€
Non current asset
Property, plant and equipment	15.404.025	15.819.888
Intangible assets	1.730.331	1.697.968
Investments in associated company	701.505	701.505
Financial assets available for sale	17.086	17.086
	___ 17.852.947	___ 18.236.447
Current assets	___	___
Stock	23.898	18.898
Trade and other debtors	16.752.421	17.620.506
Cash available and equivalent	6.787.600	6.527.269
	___ 23.563.919	___ 24.166.673
Total assets	___ 41.416.866	___ 42.403.120
	=========	=========
Liabilities and minority interest
Non current liabilities
Borrowing	5.746.386	5.630.371
Deferred tax liabilities	954.353	950.957
Liabilities of associated company	331.134	316.134
	__ 7.031.873	___ 6.897.462
Current liabilities	___	___
Trade and other creditors	10.196.456	10.419.464
Current tax liabilities	354.273	541.816
Borrowing	9.737.349	9.711.382
	___ 20.288.078	___ 20.672.662
Total liabilities	___ 27.319.951	___ 27.570.124
	___	___
Capital and reserves
Share capital	6.587.540	6.587.540
Difference from redenomination of capital in euros	33.332	33.332
Other reserves	2.060.593	2.267.955
Retained profits	2.680.750 ___	3.235.395 ___
	11.362.215	12.124.222
Minority interest	2.734.700 ___	2.708.774 ___
	14.096.915	14.832.996
Total equity and liabilities	___ 41.416.866	___ 42.403.120
	========	========