Display Art PLC

Consolidated profit and loss account for the six months ended June 30, 2013

	2013	2012

	€	€

Income	635.282	789.016
Cost of sales	(587.790)	(611.953)

Gross profit	47.492	77.063
Other income	2.144	5.339
Selling and distribution expenses	(90.918)	(91.708)
Administrative expenses	(214.716)	(229.179)

Loss from operations	(255.998)	(138.485)
Finance income	-	-
Finance cost	(80.234)	(85.419)

Net finance cost	(80.234)	(85.419)

Loss before taxation	(336.232)	(223.904)
Taxation	22.667	16.249
Net loss for the period	(313.565)	(207.655)

Net loss attributable to:
Shareholders of the company	(313.565)	(207.655)
Minority interest	-	-
	(313.565)	(207.655)
Loss per share
Basic loss per share (cent)	(2,32)	(1,54)
Fully diluted loss per share (cent)	(2,32)	(1,54)

Assets	June 30 2013 €	December 31 2012 €
Non current assets
Property, plant and equipment	5.317.765	5.436.353
Financial assets available for sale	21.580	21.580

	5.339.345	5.457.933
Current assets
Stock	1.050.399	1.086.846
Trade and other debtors Financial assets at fair value via the	1.172.550	1.550.848
results	215	215
Cash available and equivalent	32.583	36.896
	2.255.747	2.674.805
Total assets	7.595.092	8.132.738
Equity and liabilities
Capital and reserves
Share capital	4.592.196	4.592.196
Share premium Difference from conversion of share capital	98.673	98.673
in euros	23.235	23.235
Revaluation reserves	2.755.931	2.752.855
Exchange difference reserve	491	491
Income reserve	(3.778.737)	(3.465.172)
Equity attributable to
shareholders of the Company	3.691.789	4.002.278
Non short term liabilities
Borrowing	348.167	421.447
Deferred tax liabilities	425.836	453.277
	774.003	874.724
Short term liabilities
Trade and other creditors	1.229.448	1.330.013
Current tax liabilities	1.903	1.903
Borrowing	1.897.949	1.923.820
	3.129.300	3.255.736
Total liabilities	3.903.303	4.130.460
Total equity and liabilities	7.595.092	8.132.738