Demetra Holdings Plc

Earnings Release • Apr 29, 2013

Consolidated income statement

For the year ended December 31,2012

	2012	2011
	€	€
Income
Dividends receivable	638.024	1.115.918
Interests receivable and other finance cost	5.051.451	4.513.122
Loss from sale, revaluation and exploitation of land and properties	(5.007.673)	(3.506.199)
Loss from financial assets and liabilities	(1.687.962)	(14.653.658)
	(1.006.160)	(12.530.817)
Operating expenses	(1.339.880)	(1.769.415)
(Increase) / decrease of provisions	(750.000)	112.428
Finance cost	(321.089)	(486.991)
Write off of negative goodwill	-	171
Share of profit / (loss) from associated companies	19.240	(56.171)
Loss before taxation	(3.397.889)	(14.730.795)
Taxation	(25.447)	(122.596)
Net loss for the year	(3.423.336)	(14.853.391)
Other total (expenses) / income Exchange (loss) / profit created from comnversion and consolidation of financial statements of the subsidiaries	(4.002)	260.791
Loss from revaluation of investments available for sale	-	(149.275)
Loss from revaluation of fixed assets	-	(15.584)
Deferred taxation due to consolidation	-	1.558
Total expenses for the year	(3.427.338)	(14.755.901)
Net loss attributable to:	(3.423.336)	(14.853.391)
Shareholders of the Company
Loss per share – cent	(1,71)	(7,43)

Consolidated balance sheet
	2012	2011
	€	€
ASSETS
Non current assets
Fixed assets	1.417.773	1.715.723
Investment property	37.592.658	42.042.22
Financial assets available for sale	150.725	2 150.725
Loans and other amounts receivable	1,410.064	2.127.677
Deferred taxation	859.452	515.330
Total non current assets	41.430.672	46.551.67
		7
Current assets
Stock	10.106,000	11,546.76
		1
Loans and other amounts receivable	4.322,413	3.906.878
Receivables from associated companies	4.110.773	3.376.722
Financial assets at fair value
via the results	12.495.011	15.236.08
		2
Bank deposits	70.415.113	60.491.63 0
Cash available and equivalent	7,631.111	13,955.65
		1
Total current assets	109.080.421	108.513.724
Total assets	150.511.093	155.065.401
EQUITY AND LIABILITIES
Capital and reserves
Share capital	170.000.000	170.000.000
Reserves	(25.459.307)	(22.033.452)
Total equity	144.540.693	147.966.548
Long term liabilities
Deferred taxation	104.045	204.325
Borrowing – long term portion	3.869.215	4.787.442
Total long term liabilities	3,973.260	4.991.767
Current liabilities
Borrowing – Current portion	918.031	871.124
Financial liabilities at fair vallue via the
results	-	32.423
Trade and other creditors	655.176	803.331
Current tax liabilities	423.933	400.208
Total current liabilities	1.997.140	2.107.086
Total equity and liabilities	150.511.093	155.065.401
Net asset value per share – cent	72,27	73,99