Salamis Tours (Holdings) Public LTD

CONSOLIDATED PROFIT AND LOSS ACCOUNT Period from January 1, 2013 to June 30, 2013

	30.6.2013	30.6.2012
	€	€
Turnover	13.203.112	15.798.343
Cost of sales	(10.541.225)	(13.227.546)
Gross profit	2.661.887	2.570.797
Administrative expenses	(2.204.187)	(2.402.385)
Selling expenses	(144.208)	(253.796)
Depreciations	(898.370)	(1.187.775)
Depreciation in value of intangible assets	(4.638)	(2.917)
	(3.251.403)	(3.846.873)
Loss from operations	(589.516)	(1.276.076)
Other income	74.873	62.852
Net finance cost	(192.690)	(264.413)
Loss before taxation	(707.333)	(1.477.637)
Taxation	(15.140)	(20.996)
Net loss for the period	(722.473)	(1.498.633)
Attributable to:	(724.543)	(1.506.230)
Shareholders of parent company Minority interest	2.070	7.597
	(722.473)	(1.498.633)
Basic and fully diluted loss per share	Cents	Cents
	(1,98)	(4,12)

ASSETS	30.06.2013 €	31.12.2012 €
Non current assets
Property, ship, plant and equipment	16.529.092	17.385.878
Intangible assets	37.085	41.723
Financial assets available for
sale	1.739.068	1.739.068
Loan to related company	368.150	361.372
	18.673.395	19.528.041
Current assets
Stock	636.157	375.720
Trade and other debtors	3.522.636	3.496.874
Corporate tax refundable	15.617	8.095
Cash in hand and at bank	4.034.280	5.482.899
	8.208.690	9.363.588
Total assets	26.882.085	28.891.629
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Reserves	(808.041)	(83.498)
Equity attributable to shareholders	14.899.488	15.624.031
Minority interest	2.774	704
Total equity	14.902.262	15.624.735
Non short term liabilities
Borrowing	1.275.000	1.849.985
Deferred tax liabilities	920.611	920.611
	2.195.611	2.770.596
Short term liabilities
Trade and other creditors	6.010.174	3.957.771
Borrowing	3.750.288	6.524.444
Current tax liabilities	23.750	14.083
	9.784.212	10.496.298
Total liabilities	11.979.823	13.266.894
Total equity and liabilities	26.882.085	28.891.629