MLS Multimedia S.A.

Annual / Quarterly Financial Statement • Sep 29, 2017

fincial statements : September 25, 2017 Name of the Auditor :Georgios Skabavirias (SOEL R.N. 14661) Auditing firm :SOL S.A. - CROWE HORWATH (SOEL R.N. 125) Report of the Auditors: : Without qualification

1.2 CONDENSED INCOME STATEMENT

1.01 - 1.01 -

ASSETS	30.06.2017	31.12.2016		30.06.2017	31.12.2016
Tangible assets	2,565,529	2,611,391	Revenue	11,593,044	11,489,774
Intangible assets	17,708,108	16,541,448	Gross profit	5,186,447	4,588,417
Other non-current assets	262,658	269,077	Profit before interest, taxes, and
Inventories	7,050,257	8,004,833	investing results	2,543,971	2,617,160
Trade receivables	6,848,556	6,167,244	Profit before taxes	1,983,338	2,045,652
Other current assets	9,372,242	11,083,698	Profit after taxes (Ƃ)	1,709,212	1,991,919
TOTAL ASSETS	43,807,350	44,677,691	-Equity holders of the parent	1,709,212	1,991,919
			-Non controling intersts	0	0
SHERHOLDERS EQUITY AND LIABILITIES			Other comprehensive income net of tax (ƃ)	0	0
			Total comprehensive income net of tax (Ƃ) + (ƃ)
				1,709,212	1,991,919
Share capital	3,849,270	4,594,290	-Sherholders	1,709,212	1,991,919
Retained earnings and reserves	20,783,408	19,290,387	-Non controling intersts	0	0
Total Share capital and reserves (a)	24,632,678	23,884,677	Basic earnings tax per share(in €)	0	0
Non-controling interests (b)	0	0	Proposed dividend per issued share (in €)	0	0
Total Equity (c) = (a) + (b)	24,632,678	23,884,677	Profit before interest, taxes, and
Bonds	7,000,000	7,000,000	depreciation and amortization	3,871,743	3,988,360
Long-term borrowings	2,250,000	2,250,000
Provisions / Other long term liabilities	175,556	175,556	1.3 CONDENSED STATEMENT OF CHANGES IN EQUITY
Short term borrowings	1,077,490	1,287,453	Amounts in €
Other short term liabilities	8,671,626	10,080,005		30.06.2017	30.06.2016
Total liabilities(d)	19,174,672	20,793,014	Equity balance at beginning of the year
			(1.01.2017 & 1.01.2016 respectively)	23,884,677	22,587,606
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)	43,807,350	44,677,691	Total comprehensive income	1,709,212	1,991,919
			Share capital Increase	0	0
			Share capital reduction	-745,020	0
1.4 CASH FLOW STATEMENT			Transfer to reserves	0	0
Amounts in €			Fair value of short term investments	0	-11,222
	1.01 -	1.01 -	Purchases / (sales) of own shares	-216,191	-614,049
	30.06.2017	30.06.2015	Equity balance at year end
Cash flow from operating activities			(31.12.2017 & 31.12.2016 respectively)	24,632,678	23,954,255
Profit before taxes	1,983,338	2,045,652
Adjustments:			NOTES
Depreciation	1,327,772	1,371,200	1. In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the fiscal year 2016.
Provisions	0	320,300	2. The unaudited by the tax authorities fiscal years for the Company are presented in detail in the note 6.26 of the annual financial statements.
Foreign Exchange Differences	-33,633	11,357	3. The assets of the Company have been pledged (note 6.10).
Investing Activities Results (income, expences, profit & loss)	107,955	-6,671	4. Capital expenditure for the 1st half of 2017 amounted to 2.448.570
Interest Expense	686,312	515,299	5. There are no litigation issues for the Company.
			6. Number of employees at the end of the reporting period: 122 (2015: 118).
Increase / decrease adjustments for working capital:			7. Earnings per share have been calculated on the total weighted average number of shares, excluding the average number of treasury shares.
Decrease / (increase) in inventories			The amount of the provisions for the unaudited by the tax authorities fiscal years is 64.500,00€. There are no provisions accounted for litigation issue and other provisions. 8.
Decrease / (increase) in trade and other receivables	954,577	-37,592	9. The total number of its own shares that the company holds as at 30.06.2017 is 556.200 of average cost per share 3.76 euros and they have been deducted from the
(Decrease) / increase in trade and other payables (excluding banks)	-2,784,151	-2,585,913	Shareholders Equity of the company. The fair value of this shares at 30.06.2017 was 2.470 million €.
	-1,670,364	1,487,534
Interest paid	-686,312	-515,299	Transactions during the fiscal year 2016 and balances as of 31 December 2016 with related parties, as defined in IAS 24, are as follows: Amounts in € 10.
Taxiation paid	-5,722	0
Net flows from operating activities(a)	-120,229	2,605,868	a) Income		0
Cash flow from investing activities			b) Expenses		0
Acquisition/sales of subsidiaries and other investments	0	0	c) Receivables		457,951
Purchase of tangible and intangible assets	-2,448,570	-3,464,395	d) Payables		0
Proceeds from sales of tangible and intangible assets	0	0	e) Key management compensations		80,508
Inflow from Government Programs	0	0	f) Receivables from key management		0
Interest received	89,678	14,092	g) Payables to key management		0
Net cash flows (used in)/from investing activities (b)	-2,358,892	-3,450,303
Cash flow from financing activities
Share capital reduction	-745,020	0
Proceeds from borrowings	-209,963	2,588,551
Treasury shares	-216,191	-614,049
Inflow from Government and European Programs	0	0
Net cash flows (used in)/from financing activities (c)	-1,171,174	1,974,503
Net increase / (decrease) in cash
and equivalents (a) + (b) + (c)	-3,650,294	1,130,067
Cash and cash equivalents at beginning of the year	9,263,356	4,544,123
Cash and cash equivalents at end of the year	5,613,062	5,674,190

Amounts in € 1.1 CONDENSED STATEMENT OF FINANCIAL POSITION

Amounts in €

The President & CEO

IOANNIS N. KAMATAKIS ID No ǹǺ 706563

The Vice President of the B.O.D.

PARASKEVI D. ZAHARIADOU ID No ǹǺ 706623

Chief Finanvial Officer

KONSTANTINOS V. PAPADOPOULOS ID No ǹΖ 169490