Salamis Tours (Holdings) Public LTD

Earnings Release • Apr 26, 2013

CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the year ended December 31, 2012

	2012	2011
	€	€
Turnover	34.885.886	41.986.577
Cost of sales	(28.616.736)	(33.534.819)
Gross profit	6.269.150	8.541.758
Administrative expenses	(4.925.504)	(5.177.670)
Selling expenses	(410.716)	(499.583)
Operating profit before other income, depreciations, sale
of assets, provisions and amortizations	932.930	2.774.505
Other income	136.164	207.474
Revenues from written-off debtors	9.568	-
Depreciation of property, ship, plant and equipment	(2.443.144)	(2.262.670)
Write-off of properties, ship, plant and equipment	(1.038)	-
Depreciation of intangible assets	(9.270)	(5.834)
Provision for write off of bad debts	(30.388)	(76.728)
(Loss)/profit from operations	(1.405.178)
(Loss)/Profit from sale of property, ships, plant and equipment	(1.293.512)	636.747
Net loss from investment activities	(16.034)	724.936
Net finance cost	551.831	-
(Loss)/ profit before taxation	(3.266.555)	(301.804)
		1.059.879
Taxation	(55.758)	(82.824)
Net (loss)/profit for the year	(3.322.313)	977.055
Attributable to:	(3.323.271)	972.895
Shareholders of parent company	958	4.160
Minority interest	(3.322.313)	977.055
Basic and fully diluted (loss)/ earnings per share	(9,10)	2,66
attributable to shareholders of parent company (cent)

CONSOLIDATED BALANCE SHEET

December 31, 2012

	2012	2011
	€	€
ASSETS
Non current assets
Property, ship, plant and equipment	17.385.878	22.170.525
Intangible assets	41.723	22.443
Financial assets available for sale	1.739.068	1.758.533
Other amounts rceivable	361.372	341.720
	19.528.041	24.293.221
Current assets
Stock	375.720	854.645
Trade and other debtors	3.496.874	3.910.543
Corporate tax refundable	8.095	3.945
Cash in hand and at bank	5.482.899	5.250.133
	9.363.588	10.019.266
Total assets	28.891.629	34.312.487
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Share premium	937.067	937.067
Fair value reserves	2.858.296	2.858.117
Accumulated losses	(3.878.861)	(555.590)
Equity attributable to shareholders
of parent company	15.624.031	18.947.123
Minority interest	704	(254)
Total equity	15.624.735	18.946.869
Non short term liabilities
Borrowing	1.849.985	4.649.985
Deferred tax liabilities	920.611	926.213
	2.770.596	5.576.198
Short term liabilities
Trade and other creditors	3.957.771	5.001.767
Borrowing	6.524.444	4.756.757
Current tax liabilities	14.083	30.896
	10.496.298	9.789.420
Total liabilities	13.266.894	15.365.618
Total equity and liabilities	28.891.629	34.312.487