" FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME "

REG. NO.: 3027701000

23RD KM ATHENS – LAMIA HIGHWAY 145 65, AG. STEFANOS, ATTICA

INTERIM FINANCIAL STATEMENTS ΕΝΔΙΑΜΕΣΕΣ ΟΙΚΟΝΟΜΙΚΕΣ ΚΑΤΑΣΤΑΣΕΙΣ

FOR THE PERIOD 01.01.2015 TO 30.09.2015 ΤΗΣ ΠΕΡΙΟΔΟΥ ΑΠΟ 01.01.2015 ΕΩΣ 30.09.2015

According to International Financial Reporting Standards

(IFRS) (IAS 34)

The attached interim financial statements for the period 01.01.2015 – 31.03.2015 were approved by the Company's Board of Directors on May 27 th of 2015 and were published by being posted in the internet, at www.ffgroup.com.

A.	Interim Financial Statements for the period 01 January to 30 September 2015 4
1.	Statements of Financial Position for the Group and the Company 4
1.1	Statement of Financial Position for the Group 4
1.2	Statement of Financial Position for the Company 5
2.	Statement of Comprehensive Income for the Group and the Company 6
2.1	The Group 6
2.2	The Company 8
3	Statement of Changes in Equity for the Group and the Company 9
3.1	The Group 9
3.2	The Company 10
4	Cash Flow Statement for the Group and the Company 11
B.	Information about the Interim Financial Statements 12
1.	General Information 12
1.1	Group Structure 12
2	Important accounting policies applied by the Group / New standards and Interpretations . 14
2.1	Consolidation 16
2.1.1	Subsidiaries 16
2.1.2	Associates 15
2.1.3	Currency Translations 15
3	Financial Information per segment………………………………………………………………………19

4	Own used tangible assets – Investments in real property for the Group and the Company 19
5	Intangible Assets for the Group and the Company 20
6	Investments in related entities 22
7	Other long term Assets 22
8	Inventories 22
9	Trade Receivables and other Current Assets 23
10	Cash and cash equivalent 23
11	Borrowings 25
12	Retirement Benefit Liabilities – Retirement benefit due to service exit 25
13	Long Term Liabilities 25
14	Other Long Term Liabilities 27
15	Trade and other Liabilities 27
16	Current Income tax and current tax liabilities 27
17	Deferred Income Tax 28
18	Revenues 29
19	Other Income 29
20	Administrative and Selling Expenses 29
21	Other Expenses 30
22	Financial Income-Expenses 31

23	Related party transactions 32
24	Probable Obligations and unavoidable commitments 33
25	Number of Employed Personnel 33
26	Post Balance Sheet Events 33
C.	Information for the period January 1st to September th 2015 30 35

A. Interim Financial Statements for the period 01 January to 30 September 2015

1. Statements of Financial Position for the Group and the Company

1.1 Statement of Financial Position for the Group

		The Group
		30.09.2015	31.12.2014
Assets
Non-current assets	Notes
Tangible fixed assets	4	190.446.035,59	185.779.347,36
Investment Property	4	75.213.221,90	76.038.010,41
Intangible assets	5	41.457.814,75	11.690.537,09
Goodwill	5	94.689.221,70	94.536.264,50
Investments in subsidiaries	6	3.355.995,40	0,00
Investments in Associates		707.786,94	659.948,73
Investments available for sale		185.694.624,78	207.159.387,54
Deferred tax claims	17	0,00	0,00
Other long term assets	7	40.794.206,27	29.845.281,96
Total non-current		632.358.907,33	605.708.777,59
Current assets
Inventories	8	469.950.280,21	366.558.622,52
Trade receivables	9	493.779.918,37	533.812.508,45
Other current assets	9	199.117.776,16	165.969.184,46
Derivatives		272.659,65	367.185,08
Other financial assets at fair value through profit		24.399.927,36	150.696,81
Cash & cash equivalent	10	220.085.814,65	297.032.823,27
Total current assets		1.407.606.376,40	1.363.891.020,59
Total assets		2.039.965.283,73	1.969.599.798,17

Equity & Liabilities
Equity of shareholders of the parent company
Share capital		20.084.463,00	20.084.463,00
Share Premium		81.730.417,03	95.000.573,97
Other reserves		256.842.581,42	291.694.842,24
Other equity		36.218.855,39	-38.013.825,67
Retained earnings		1.060.786.100,60	965.291.618,19
		1.455.662.417,44	1.334.057.671,73
Minority interests		27.869.851,18	26.799.057,11
Total equity		1.483.532.268,62	1.360.856.728,84
Liabilities
Long-term liabilities
Long-term borrowings	11	313.723.509,69	304.343.050,12
Deferred tax liabilities	17	20.227.078,98	19.010.973,29
Employee benefit liabilities	12	5.195.713,27	3.667.333,40
Total long-term provisions	13	7.715.475,16	3.523.109,43
Other long-term liabilities	14	4.454.508,98	17.706.847,00
Total long-term liabilities		351.316.286,08	348.251.313,24
Short-term liabilities
Short-term borrowings	11	29.796.482,43	46.793.826,94
Derivatives		0,00	0,00
Trade and other payables	15	153.233.931,49	181.869.312,81
Current Income tax	16	16.512.936,53	26.823.077,51
Current tax liabilities	16	5.573.378,58	5.005.538,82
Dividends payable		0,00	0,00
Total short term liabilities		205.116.729,03	260.491.756,08
Total liabilities		556.433.015,11	608.743.069,32
Total equity & liabilities		2.039.965.283,73	1.969.599.798,17

1.2 Statement of Financial Position for the Company

		The Company
		30.09.2015	31.12.2014
Assets
Non-current assets	Notes
Tangible fixed assets	4	45.726.095,25	47.782.940,21
Investment Property	4	75.213.221,90	76.038.010,41
Intangible assets	5	2.648.037,70	3.042.095,53
Goodwill	5	39.373.861,68	39.373.861,68
Investments in subsidiaries	6	213.461.112,42	205.249.961,86
Investments in Associates		1.450.000,00	1.200.000,00
Investments available for sale		129.039.724,83	153.744.263,03
Deferred tax claims	17	0,00	0,00
Other long term assets	7	1.345.537,82	1.357.222,31
Total non-current			508.257.591,60 527.788.355,03
Current assets
Inventories	8	41.731.769,07	35.799.923,84
Trade receivables	9	65.053.749,22	67.575.884,05
Other current assets	9	66.544.511,32	47.321.225,01
Derivatives		272.659,65	367.185,08
Other financial assets at fair value through profit		0,00	0,00
Cash & cash equivalent	10	67.910.263,12	146.752.090,49
Total current assets			241.512.952,38 297.816.308,47
Total assets			749.770.543,98 825.604.663,50

Equity & Liabilities
Equity of shareholders of the parent company
Share capital		20.084.463,00	20.084.463,00
Share Premium		81.730.417,03	95.000.573,97
Other reserves		276.214.697,62	302.704.324,61
Other equity		-85.554.366,48	-85.554.366,48
Retained earnings		143.551.478,96	168.141.558,00
			436.026.690,13 500.376.553,10
Minority interests		0,00	0,00
Total equity			436.026.690,13 500.376.553,10
Liabilities
Long-term liabilities
Long-term borrowings	11	246.433.629,65	241.921.726,69
Deferred tax liabilities	17	22.178.041,06	20.857.789,75
Employee benefit liabilities	12	1.864.304,28	2.209.439,00
Total long-term provisions	13	3.882.119,67	3.274.058,81
Other long-term liabilities	14	4.751.000,01	8.821.741,52
Total long-term liabilities			279.109.094,67 277.084.755,77
Short-term liabilities
Short-term borrowings	11	1.841.408,08	1.877.732,91
Derivatives		0,00	0,00
Trade and other payables	15	29.362.763,93	43.961.212,24
Current Income tax	16	0,00	0,00
Current tax liabilities	16	3.430.587,17	2.304.409,48
Dividends payable		0,00	0,00
Total short term liabilities		34.634.759,18	48.143.354,63
Total liabilities			313.743.853,85 325.228.110,40
Total equity & liabilities		749.770.543,98 825.604.663,50

2. Statement of Comprehensive Income for the Group and the Company
2.1 The Group

		The Group
		01.01. - 30.09.2015	01.01. - 30.09.2014	01.07. - 30.09.2015	01.07. - 30.09.2014
		Continuing	Continuing operations	Continuing operations	Continuing operations
	Notes	operations
Turnover	18	875.471.115,81	723.977.420,06	281.204.746,06	244.958.406,26
Cost of goods		-475.906.200,71	-372.102.977,86	-159.793.713,60	-131.179.786,88
Gross Profit		399.564.915,10	351.874.442,20	121.411.032,46	113.778.619,38
Other operating income	19	6.398.869,69	6.377.167,65	1.598.361,69	2.044.028,72
Administration expenses	20	-50.354.672,43	-39.570.260,95	-16.227.700,80	-13.707.584,94
Selling expenses	20	-194.600.923,86	-168.616.094,38	-65.779.190,52	-59.924.392,41
Other operating expenses	21	-6.450.620,25	-3.513.565,45	362.828,79	-2.187.732,54
Operating income		154.557.568,25	146.551.689,07	41.365.331,62	40.002.938,21
Financial income	22	4.899.906,85	15.553.977,46	3.111.540,89	13.289.000,83
Financial expenses	22	-18.469.073,42	-23.694.393,40	399.948,39	-8.204.728,33
Investments in Associates		-205.427,07	-197.453,22	-81.543,64	-40.620,72
Profit/Loss (before the tax)		140.782.974,61	138.213.819,91	44.795.277,26	45.046.589,99
Income tax		-33.014.988,53	-28.947.255,35	-13.634.308,24	-8.179.367,78
Deferred Tax		-1.396.929,86	-11.718.987,14	279.640,23	-6.867.868,64
Profit/Loss (after the tax)		106.371.056,22	97.547.577,42	31.440.609,25	29.999.353,57
Depreciation & amortization		20.543.987,56	14.858.957,09	5.615.384,03	4.910.873,06
Profit before taxes depreciation &
amortisation		175.101.555,81	161.410.646,16	46.980.715,65	44.913.811,27
Other comprehensive income / (expenses): Recognised in Equity Amounts not reclassified to income statement Revaluation of liabilities for employee benefits Amounts may be reclassified to income statement		0,00	0,00
in subsequent periods Financial assets available for sale		-24.925.670,02	-8.531.516,45	-22.328.646,02	-19.001.809,14
Valuation of Assets		0,00	0,00	0,00	0,00
Valuation of financial instruments		-4.168.218,87	2.684.238,52	-4.784.264,99	655.768,26
Income tax relating to items of the total income		0,00	0,00	0,00	0,00
Deferred taxes non-participants in Profit		-430.015,28	-570.878,60	-238.054,67	-207.893,43
Profit / loss from associates		-23.333,33	0,00	-23.333,33	13.847,54
Other income / expenses not participating in
profit for the period		0,00	-13.847,54	0,00	-13.847,54
Foreign translation exchange differences		71.136.998,54	61.286.347,59	-5.176.913,20	62.351.573,85
Other comprehensive income, net of taxes		41.589.761,04	54.854.343,52	-32.551.212,21	43.797.639,54
Total comprehensive income after taxes		147.960.817,26	152.401.920,94	-1.110.602,96	73.796.993,11
Profit is attributable to:
Shareholders of the parent company		104.239.953,73	95.274.004,21	31.043.680,32	29.312.853,34
Non controlling interests		2.131.102,49	2.273.573,21	396.928,93	686.500,22
Total		106.371.056,22	97.547.577,42	31.440.609,25	29.999.353,56
Total comprehensive income Attributable to :
Shareholders of the parent company		145.817.449,51	150.128.347,73	-1.512.158,49	73.110.631,74
Non controlling interests		2.143.367,75	2.273.573,21	401.555,53	686.361,36
Total		147.960.817,26	152.401.920,94	-1.110.602,96	73.796.993,10
Earnings / Losses per share
Basic and diluted (in euros):		1,56577	1,42427	0,46664	0,43820

2.2 The Company

			The Company
		01.01. - 30.09.2015	01.01. - 30.09.2014	01.07. - 30.09.2015	01.07. - 30.09.2014
		Continuing operations	Continuing operations	Continuing operations	Continuing operations
	Notes
Turnover	18	117.070.507,91	116.701.761,99	41.760.825,88	47.453.335,93
Cost of goods		-67.786.245,50	-66.236.076,40	-23.984.121,33	-27.785.945,12
Gross Profit		49.284.262,41	50.465.685,59	17.776.704,55	19.667.390,81
Other operating income	19	3.230.403,30	2.398.927,38	649.820,34	1.090.273,60
Administration expenses	20	-9.806.838,35	-9.405.601,34	-3.327.577,31	-3.249.000,52
Selling expenses	20	-43.842.263,52	-39.306.231,70	-14.257.764,73	-13.529.571,90
Other operating expenses Operating income	21	-722.459,13 -1.856.895,29	-2.642.688,78 1.510.091,15	-124.509,05 716.673,80	-2.156.802,53 1.822.289,46
Financial income	22	3.792.411,37	13.850.870,60	2.536.467,57	11.779.947,92
Financial expenses	22	-14.313.279,68	-13.965.586,82	2.492.663,09	-6.128.197,52
Investments in Associates		0,00	0,00	0,00	0,00
Profit/Loss (before the tax)		-12.377.763,60	1.395.374,93	5.745.804,46	7.474.039,86
Income tax		-3.274.592,61	-118.713,67	0,00	0,00
Deferred Tax		-879.802,78	-10.697.596,42	559.679,65	-6.745.858,11
Profit/Loss (after the tax)		-16.532.158,99	-9.420.935,16	6.305.484,11	728.181,75

Depreciation & amortization		4.462.511,57	4.276.908,28	1.461.368,66	1.305.969,50
Profit before taxes depreciation & amortisation		2.605.616,28	5.786.999,43	2.178.042,46	3.128.258,96
Other comprehensive income / (expenses): Recognised in Equity Amounts not reclassified to income statement Revaluation of liabilities for employee benefits Amounts may be reclassified to income statement in		0,00	0,00
subsequent periods Financial assets available for sale		-24.704.538,21	-4.395.516,45	-25.937.476,36	-14.865.809,14
Valuation of Assets		0,00	0,00	0,00	-1.396.096,83
Valuation of financial instruments		1.694.032,81	2.195.686,93	856.854,88	2.195.686,93
Income tax relating to items of the total income		0,00	0,00	0,00	0,00
Deferred taxes non-participants in Profit		-440.448,53	-570.878,60	-248.487,92	-207.893,43
Profit / loss from associates		0,00	0,00	0,00	0,00
Other income / expenses not participating in profit for
the period		0,00	0,00	0,00	0,00
Foreign translation exchange differences		0,00	0,00	0,00	0,00
Other comprehensive income, net of taxes Total comprehensive income after taxes		-23.450.953,93 -39.983.112,92	-2.770.708,12 -12.191.643,28	-25.329.109,40 -19.023.625,29	-14.274.112,47 -13.545.930,72

Profit is attributable to: Shareholders of the parent company Non controlling interests		-16.532.158,99 0,00	-9.420.935,16 0,00	6.305.484,11 0,00	728.181,76 0,00
Total		-16.532.158,99	-9.420.935,16	6.305.484,11	728.181,76
Total comprehensive income Attributable to :
Shareholders of the parent company		-39.983.112,92	-12.191.643,28	-19.023.625,29	-13.545.930,71
Non controlling interests		0,00	0,00	0,00	0,00
Total		-39.983.112,92	-12.191.643,28	-19.023.625,29	-13.545.930,71
Earnings / Losses per share Basic and diluted (in euros):		-0,24833	-0,14087	0,09461	0,01085

3 Statement of Changes in Equity for the Group and the Company

3.1 The Group

					The Group
	Notes	Share Capital	Share Premium	Consolidation Differences	Fair Value Reserves	own shares	Other Reserves	Retained earnings	Currency exchange differences	Total shareholders' equity Minority Interests		Total Equity
Balance at 1.1.2014		20.084.463,00	145.211.731,47	-87.027.854,86	0,00	0,00	47.741.628,46	1.077.755.479,47	-43.627.819,44	1.160.137.628,10	23.293.877,43	1.183.431.505,53
Earnings After taxes		0,00	0,00	0,00	0,00	0,00	0,00	95.274.004,19	0,00	95.274.004,19	2.273.573,21	97.547.577,40
Valuation of financial assets		0,00	0,00	0,00	0,00	0,00	2.684.238,52		0,00	2.684.238,52	0,00	2.684.238,52
Valuation of investments available for sale		0,00	0,00	0,00	0,00	0,00	-8.531.516,45		0,00	-8.531.516,45	0,00	-8.531.516,45
Exchange Differences		0,00	0,00	0,00	0,00	0,00			61.286.347,59	61.286.347,59	0,00	61.286.347,59
Actuarial loss / (gain)		0,00	0,00	0,00	0,00	0,00				0,00	0,00	0,00
Other income not calculated in profit for the period		0,00	0,00	0,00	0,00	0,00	-13.847,54		0,00	-13.847,54	0,00	-13.847,54
Subsidiary's Capital increase Expenses		0,00	0,00	0,00	0,00	0,00			0,00	0,00	0,00	0,00
Deferred tax in equity		0,00	0,00	0,00	0,00	0,00	-570.878,60			-570.878,60	0,00	-570.878,60
Income tax relating to items of the total income		0,00	0,00	0,00	0,00	0,00			0,00	0,00	0,00	0,00
Total comprehensive income for the period,net of tax		0,00	0,00	0,00	0,00	0,00	-6.432.004,07	95.274.004,19	61.286.347,59	150.128.347,71	2.273.573,21	152.401.920,92
Capital increase		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Various Expenses/income in Equity		0,00	-50.211.157,50	0,00	0,00	0,00		0,00	0,00	-50.211.157,50	0,00	-50.211.157,50
Capital increase expenses		0,00	0,00	0,00	0,00	0,00	-552.430,64	0,00	0,00	-552.430,64	0,00	-552.430,64
Minority interest resulted from Subsidiaries' rates change		0,00	0,00	0,00	0,00	0,00		0,00	0,00	0,00	154.410,23	154.410,23
Dividends payable		0,00	0,00	0,00	0,00	0,00		-76.546,27	0,00	-76.546,27	-901.847,00	-978.393,27
Acquisition of minority shareholding		0,00	0,00	0,00	0,00	0,00		0,00	0,00	0,00	0,00	0,00
Transfers		0,00	0,00	1.464.179,18	0,00	0,00	252.208.240,09	-253.666.249,37	-19.766,23	-13.596,33	13.596,89	0,56
Liquidation of Participations		0,00	0,00	0,00	0,00	0,00		0,00	0,00	0,00	0,00	0,00
Purchase / Sale of own shares		0,00	0,00	0,00	0,00	-4.198.997,09		0,00	0,00	-4.198.997,09	0,00	-4.198.997,09
Balance at 30 th September 2014		20.084.463,00	95.000.573,97	-85.563.675,68	0,00	-4.198.997,09	292.965.433,84	919.286.688,02	17.638.761,92	1.255.213.247,98	24.833.610,76	1.280.046.858,74
Balance at 1.1.2015		20.084.463,00	95.000.573,97	-85.563.675,68	0,00	-7.234.415,20	298.929.257,44	965.291.618,19	47.549.850,01	1.334.057.671,73	26.799.057,11	1.360.856.728,84
Earnings After taxes		0,00	0,00	0,00	0,00	0,00	0,00	104.239.953,73	0,00	104.239.953,73	2.131.102,49	106.371.056,22
Valuation of financial assets		0,00	0,00	0,00	0,00	0,00	-4.168.218,87	0,00	0,00	-4.168.218,87		-4.168.218,87
Valuation of investments available for sale		0,00	0,00	0,00	0,00	0,00	-24.925.670,02	0,00	0,00	-24.925.670,02		-24.925.670,02
Exchange Differences		0,00	0,00	0,00	0,00	0,00	0,00	0,00	71.130.378,17	71.130.378,17	6.621,26	71.136.999,43
Actuarial loss / (gain)		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00		0,00
Other income not calculated in profit for the period		0,00	0,00	0,00	0,00	0,00	0,00	-23.333,00	0,00	-23.333,00		-23.333,00
Subsidiary's Capital increase Expenses		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00		0,00
Deferred tax in equity		0,00	0,00	0,00	0,00	0,00	-435.660,50	0,00	0,00	-435.660,50	5.644,00	-430.016,50
Income tax relating to items of the total income		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00		0,00
Total comprehensive income for the period,net of tax		0,00	0,00	0,00	0,00	0,00	-29.529.549,39	104.216.620,73	71.130.378,17	145.817.449,51	2.143.367,75	147.960.817,26
Capital increase		0,00	-13.270.156,94	0,00	0,00	0,00	163.036,43	0,00	0,00	-13.107.120,51	-1.072.454,45	-14.179.574,96
Various Expenses/income in Equity		0,00	0,00	0,00	0,00	0,00	-9.109,41	0,00	0,00	-9.109,41	0,00	-9.109,41
Capital increase expenses		0,00	0,00	0,00	0,00	0,00	-145.971,73	0,00	0,00	-145.971,73	0,00	-145.971,73
Minority interest resulted from Subsidiaries' rates change		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Dividends payable		0,00	0,00	0,00	0,00	0,00	0,00	-6.729.843,06	0,00	-6.729.843,06	0,00	-6.729.843,06
Acquisition of minority shareholding		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers		0,00	0,00	-1.260,00	0,00	0,00	-1.109.888,40	-1.992.295,26	3.103.562,89	119,23	-119,23	0,00
Liquidation of Participations		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Purchase / Sale of own shares		0,00	0,00	0,00	0,00	-4.220.778,32	0,00	0,00	0,00	-4.220.778,32	0,00	-4.220.778,32
Balance at 30 September 2015		20.084.463,00	81.730.417,03	-85.564.935,68	0,00	-11.455.193,52	268.297.774,94	1.060.786.100,60	121.783.791,07	1.455.662.417,44	27.869.851,18	1.483.532.268,62

3.2 The Company

					The Company
	Notes	Share Capital	Share Premium	Consolidation Differences	Fair Value Reserves	own shares	Other Reserves	Retained earnings	Currency exchange differences	Total shareholders' equity Minority Interests		Total Equity
Balance at 1.1.2014		20.084.463,00	145.211.731,47	-85.554.366,48	0,00	0,00	43.672.225,13	437.796.611,30	0,00	561.210.664,42	0,00	561.210.664,42
Earnings After taxes		0,00	0,00	0,00	0,00	0,00	0,00	-9.420.935,16	0,00	-9.420.935,16	0,00	-9.420.935,16
Valuation of financial assets		0,00	0,00	0,00	0,00	0,00	2.195.686,93	0,00	0,00	2.195.686,93	0,00	2.195.686,93
Valuation of investments available for sale		0,00	0,00	0,00	0,00	0,00	-4.395.516,45	0,00	0,00	-4.395.516,45	0,00	-4.395.516,45
Exchange Differences		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Actuarial loss / (gain)		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00		0,00
Other income not calculated in profit for the period		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Subsidiary's Capital increase Expenses		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Deferred tax in equity		0,00	0,00	0,00	0,00	0,00	-570.878,60	0,00	0,00	-570.878,60	0,00	-570.878,60
Income tax relating to items of the total income		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Total comprehensive income for the period,net of tax		0,00	0,00	0,00	0,00	0,00	-2.770.708,12	-9.420.935,16	0,00	-12.191.643,28	0,00	-12.191.643,28
Capital increase		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Various Expenses/income in Equity		0,00	-50.211.157,50	0,00	0,00	0,00	0,00	0,00	0,00	-50.211.157,50	0,00	-50.211.157,50
Capital increase expenses		0,00	0,00	0,00	0,00	0,00	-552.327,75	0,00	0,00	-552.327,75	0,00	-552.327,75
Minority interest resulted from Subsidiaries' rates change		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Dividends payable		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Acquisition of minority shareholding		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers		0,00	0,00	0,00	0,00	0,00	262.574.490,11	-262.574.490,11	0,00	0,00	0,00	0,00
Liquidation of Participations		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Purchase / Sale of own shares		0,00	0,00	0,00	0,00	-4.198.997,09	0,00	0,00	0,00	-4.198.997,09	0,00	-4.198.997,09
Balance at 30 th September 2014		20.084.463,00	95.000.573,97	-85.554.366,48	0,00	-4.198.997,09	302.923.679,37	165.801.186,03	0,00	494.056.538,80	0,00	494.056.538,80
Balance at 1.1.2015		20.084.463,00	95.000.573,97	-85.554.366,48	0,00	-7.234.415,20	309.938.734,80	168.141.563,01	0,00	500.376.553,10	0,00	500.376.553,10
Earnings After taxes		0,00	0,00	0,00	0,00	0,00	0,00	-16.532.158,99	0,00	-16.532.158,99	0,00	-16.532.158,99
Valuation of financial assets		0,00	0,00	0,00	0,00	0,00	1.694.032,81	0,00	0,00	1.694.032,81	0,00	1.694.032,81
Valuation of investments available for sale		0,00	0,00	0,00	0,00	0,00	-24.704.538,21	0,00	0,00	-24.704.538,21	0,00	-24.704.538,21
Exchange Differences		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Actuarial loss / (gain)		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Other income not calculated in profit for the period		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Subsidiary's Capital increase Expenses		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Deferred tax in equity		0,00	0,00	0,00	0,00	0,00	-440.448,53	0,00	0,00	-440.448,53	0,00	-440.448,53
Income tax relating to items of the total income		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Total comprehensive income for the period,net of tax		0,00	0,00	0,00	0,00	0,00	-23.450.953,93	-16.532.158,99	0,00	-39.983.112,92	0,00	-39.983.112,92
Capital increase		0,00	-13.270.156,94	0,00	0,00	0,00	0,00	0,00	0,00	-13.270.156,94	0,00	-13.270.156,94
Various Expenses/income in Equity		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Capital increase expenses		0,00	0,00	0,00	0,00	0,00	-145.971,73	0,00	0,00	-145.971,73	0,00	-145.971,73
Minority interest resulted from Subsidiaries' rates change		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Dividends payable		0,00	0,00	0,00	0,00	0,00	0,00	-6.729.843,06	0,00	-6.729.843,06	0,00	-6.729.843,06
Acquisition of minority shareholding		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers		0,00	0,00	0,00	0,00	0,00	1.328.082,00	-1.328.082,00	0,00	0,00	0,00	0,00
Liquidation of Participations		0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Purchase / Sale of own shares		0,00	0,00	0,00	0,00	-4.220.778,32	0,00	0,00	0,00	-4.220.778,32	0,00	-4.220.778,32
Balance at 30 September 2015		20.084.463,00	81.730.417,03	-85.554.366,48	0,00	-11.455.193,52	287.669.891,14	143.551.478,96	0,00	436.026.690,13	0,00	436.026.690,13

4 Cash Flow Statement for the Group and the Company

	The Group		The Company
	01.01. - 30.09.2015	01.01. - 30.09.2014	01.01. - 30.09.2015	01.01. - 30.09.2014

Cash Flows related to Operating Activities Net Profit before taxes (Continuing operations)	140.782.974,61	138.213.819,91	-12.377.763,60	1.395.374,93
Net Profit before taxes (Non - Continuing operations) Adjustments	0,00	0,00	0,00	0,00
Depreciation and Amortisation	20.543.987,56	14.858.957,09	4.462.511,57	4.276.908,28
Provisions Exchange differences	2.914.438,27 69.464.650,38	1.151.320,07 18.258.090,42	2.430.873,00 0,00	127.469,25 0,00
Results (income, expenses, gains and losses) from investing activities Interest and related expenses	-1.057.580,49 9.490.581,44	-3.579.881,08 10.462.135,00	-795.447,54 8.154.509,64	-8.968.076,35 8.368.345,71
Adjustments related to working capital or other operating activities
Decrease/(increase) of Inventories Decrease/(increase) of Receivables	0,00 -105.591.314,11 2.930.482,19	0,00 -78.361.783,55 -46.989.697,23	0,00 -5.931.845,23 -15.435.658,47	0,00 -7.990.816,46 -388.913,07
Increase/(decrease) of payable accounts (except Banks) Minus	-47.176.572,94 0,00	15.857.992,48 0,00	-16.462.058,71 0,00	-20.603.478,77 0,00
Interest paid and similar expenses Income Tax paid	-3.693.262,26 -40.137.991,99	-9.216.492,59 -3.984.654,81	-2.250.000,00 -3.736.265,84	-6.726.293,37 0,00
Cash Flows from Non - Continuing operations Net cash inflows/(outflows) from Operating Activities (a)	0,00 48.470.392,66	0,00 56.669.805,71	0,00	0,00 -41.941.145,18 -30.509.479,85
Investing Activities
Purchases of subsidiaries, associates and other investments	-29.769.999,95	-13.462.488,77	-8.461.150,34	-4.069.607,76
Acquisition of minorities Proceeds from the sale of Travel Retail activity	0,00 0,00	0,00 0,00	0,00 0,00	0,00 0,00
Adjustments related to the sale of Travel Retail activity	0,00	0,00	0,00	0,00
Purchases of tangible and intangible assets	-51.836.861,29	-36.141.426,32	-1.302.970,57	-2.561.994,79
Proceeds from sale of tangible and intangible assets Interest received	1.521.580,69 1.576.771,10	387.113,63 3.410.278,20	22.523,23 359.841,62	2.439,02 2.259.131,25
Dividends received	0,00	0,00	0,00	487.714,49
Proceeds from sale of financial assets	-1.752.662,75	-3.958.143,24	-1.752.928,05	-3.958.775,58
Decrease/(increase) of other long-term receivables	-11.929.327,04	-166.981,76	11.684,49	55.900,23
Investing Activities from Non- Continuing operations Net cash inflows/(outflows) from Investing Activities (b)	0,00	0,00 -92.190.499,24 -49.931.648,26	0,00 -11.122.999,62	0,00 -7.785.193,14
Financing Activities
Capital increase	0,00	0,00	0,00	0,00
Proceeds from Loans Proceeds from leases	17.218.797,48 2.208.628,05	274.927.268,19 0,00	0,00 0,00	255.000.000,00 0,00
Payment of Loans	-22.628.862,83	-183.046.396,93	0,00	-145.571.253,58
Payments for leases	-3.696.135,92	-2.087.959,23	-1.428.953,75	-1.288.959,80
Own Stock Expenses related to capital increase	-4.220.778,32 -145.971,73	-4.198.997,09 0,00	-4.220.778,32 -145.971,73	-4.198.997,09 0,00

Dividends paid / Return capital Financing Activities from Non - Continuing operations	-21.962.578,77 0,00	-51.189.550,52 0,00	-19.981.978,77 0,00	-50.211.157,50 0,00
Net cash inflows/(outflows) from Financing Activities (c)	-33.226.902,04	34.404.364,42	-25.777.682,57	53.729.632,03
Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)	-76.947.008,62	41.142.521,87	-78.841.827,37	15.434.959,04
Cash and cash equivalents at beginning of the Year	297.032.823,27	251.584.195,30	146.752.090,49	134.500.088,67
Cash and cash equivalents at end of the Year		220.085.814,65 292.726.717,17		67.910.263,12 149.935.047,71

B. Information about the Interim Financial Statements

1. General Information

The company titled "FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME" under the distinctive title "FOLLI FOLLIE GROUP" is a Societe Anonyme registered in Greece, in the Registry of Societes Anonymes with number: 3027701000 and its registered seat is in Agios Stefanos, Attica The Company is active in the fields manufacturing of Jewellery, department stores, and in the field of apparel and footwear.

These financial statements include the financial statements of «FOLLI FOLLIE GROUP» and its subsidiaries, together referred to as Group covering the period from January 1, 2015 up to March 31, 2015, approved by the Board the Company on November 25, 2015.

1.1 Group Structure

The consolidated financial statements include the financial statements of the parent company and of its subsidiaries.

The structure of the Group is presented in the following table:

		Direct	Indirect
		%	%
Company Name	Head Office	Participation	Participation	Total	Consolidation
FOLLI FOLLIE JAPAN LTD	JAPAN			100,00% 100,00%	Full
FOLLI FOLLIE FRANCE S.A	FRANCE	100,00%		100,00%	Full
FOLLI FOLLIE SPAIN S.A	SPAIN	100,00%		100,00%	Full
FOLLI FOLLIE UK LTD	UK	100,00%		100,00%	Full
FOLLI FOLLIE GROUP SOURCING LTD	HONG KONG	99,99%		99,99%	Full
FOLLI FOLLIE ASIA LTD	HONG KONG		99,99%	99,99%	Full
FOLLI FOLLIE TAIWAN LTD	TAIWAN		99,99%	99,99%	Full
FOLLI FOLLIE KOREA LTD	S.KOREA		99,99%	99,99%	Full
FOLLI FOLLIE SINGAPORE LTD	SINGAPORE		99,99%	99,99%	Full
FOLLI FOLLIE MACAU LTD	MACAU		99,99%	99,99%	Full
FOLLI FOLLIE MALAYSIA LTD	MALAYSIA		99,99%	99,99%	Full
FOLLI FOLLIE THAILAND LTD	THAILAND		99,99%	99,99%	Full
FOLLI FOLLIE SHANGHAI (PILION LTD)	CHINA		99,99%	99,99%	Full
FOLLI FOLLIE SHENZHEN LTD	CHINA		99,99%	99,99%	Full
FOLLI FOLLIE GUAM LTD	GUAM		99,99%	99,99%	Full
FOLLI FOLLIE HAWAII LTD	HAWAAI		99,99%	99,99%	Full
FOLLI FOLLIE HONG KONG INTERNATIONAL LTD	HONG KONG		99,99%	99,99%	Full
FF GROUP FINANCE LUXEMBOURG S.A	LUXEMBOURG	100,00%		100,00%	Full
STRENABY FINANCE LTD	UK	100,00%		100,00%	Full
FOLLI FOLLIE HOLDINGS S.A	GREECE	100,00%		100,00%	Full
LINKS (LONDON) LIMITED	UK	20,00%		80,00% 100,00%	Full
LINKS OF LONDON (INTERNATIONAL) LTD	UK	20,00%		80,00% 100,00%	Full
LINKS OF LONDON COM LTD (UK)	UK	20,00%		80,00% 100,00%	Full
LINKS OF LONDON INC (US.A)	USA	20,00%		80,00% 100,00%	Full
JUICY COUTURE EUROPE LTD	UK	20,00%		80,00% 100,00%	Full
JUICY COUTURE IRELAND LTD	IRELAND	20,00%		80,00% 100,00%	Full
LINKS OF LONDON (ASIA) LTD	CHINA	20,00%		80,00% 100,00%	Full
LINKS OF LONDON JAPAN CO. LTD	JAPAN	20,00%		80,00% 100,00%	Full
FF GROUP ROMANIA SRL	ROMANIA	100,00%		100,00%	Full
APPAREL ROMANIA SRL.	ROMANIA		49,00%	49,00%	Full
FF GROUP BULGARIA EOOD	BULGARIA	100,00%		100,00%	Full
MOUSTAKIS S.A	GREECE	100,00%		100,00%	Full
ATTIKA DEPARTMENT STORES S.A	GREECE	32,51%	13,39%	45,90%	Full
MFK FASHION LTD	CYPRUS	100,00%		100,00%	Full
FF COSMETICS	GREECE	100,00%		100,00%	Full
PLANACO S.A	GREECE	100,00%		100,00%	Full
COLLECTIVE S.A	GREECE	80,00%		80,00%	Full
MARINA MITILINIS S.A	GREECE	50,00%		50,00%	Equity Method
CARELAB S.A	GREECE		23,00%	23,00%	Equity Method

In the financial statements of the parent company, the affiliate companies are valued on their acquisition cost minus any probable impairment losses.

In the present financial statements are included the financial figures of the newly acquired company FF Cosmetics S.A (formerly Shiseido Hellas S.A).

The company was acquired on August 1st, 2015 and the impact of this consolidation on the financial figures of the group, is less than 25%.

2 Important accounting policies applied by the Group / New standards and

Interpretations

The accounting policies and methods of calculation used in preparing these condensed interim financial statements, the significant assumptions adopted by the Administration, and the main sources of uncertainty affecting the estimates, are the same as those which have been adopted in the published annual financial statements for the year ended December 31, 2014. The application of the amended IAS 19 "Employee Benefits" and IFRS 13 "Fair Value Measurement", in the period, had negligible effect on the financial statements of the Company and the Group.

IFRS 10 "Consolidated Financial Statements", IFRS 11 "Schemes under Joint Arrangements", IFRS 12 "Disclosure of Interests in Other Entities", IAS 27 "Separate Financial Statements" and IAS 28 "Investments in Associates and Joint Ventures" (effective for annual periods beginning on or after 1 January 2014). It is not expected to have material effect on the financial statements.

In May 2011 the IASB issued three new Standards, specifically IFRS 10, IFRS 11 and IFRS 12. IFRS 10 "Consolidated Financial Statements" mentions a new consolidation method, which defines control as the basis for the consolidation of all types of companies. IFRS 10 replaces IAS 27 "Consolidated and Separate Financial Statements" and MED 12 "Consolidation - Special purpose entities". It is not expected to have material effect on the financial statements.

IFRS 11 "Schemes under Joint Arrangements" defines the principles regarding financial reporting of the members who participate in a Joint Arrangement. IFRS 11 replaces IAS 31 "Interests in Joint Ventures" MED 13 "Jointly Controlled Entities - Non-Monetary Contributions by Venturers". It is not expected to have material effect on the financial statements.

IFRS 12 "Disclosure of Interests in Other Entities" unites, improves and supersedes disclosure requirements for subsidiaries, jointly controlled, associates and non-consolidated entities. As a result of these new standards, the IASB also issued the Amendment IAS 27 entitled IAS 27 "Separate Financial Statements" and Amendment IAS 28 entitled IAS 28 "Investments in Associates and Joint Ventures. These standards have no effect in the consolidated financial statements except of the additional disclosure requirements in IFRS 12.

New Standards and Interpretations Effective for Annual Periods Beginning after 01.01.2015

"Complete IFRS 9 Financial instruments" issued in July 2014. The new standard is effective for annual periods beginning on or after 01.01.2018, but it is not endorsed yet by the European Union. The standard is not expected to have a material impact on the financial statements of the group or the company.
"Amendment of IAS 16 and IAS 38 Clarification of Acceptable Methods of Depreciation and Amortization" The amendment provides clarification regarding the acceptable depreciation methods. It is effective for annual periods beginning on or after 01.01.2016. It is not expected to have a material impact on the financial statements of the group or the company.
"Amendment of IFRS 11 Accounting for Acquisitions of interests in Joint Operations" The amendment requires the acquirer of an interest in a joint operation in which the activity constitutes a business, as defined in IFRS 3 Business Combinations, to apply all of the principles on business combinations accounting in IFRS 3 and other IFRSs except for those principles that conflict with the guidance in this IFRS. In addition, the acquirer shall disclose the information required by IFRS 3 and other IFRSs for business combinations. It is effective for annual periods beginning on or after 01.01.2016. It is not expected to have a material impact on the financial statements of the group or the company.
"IFRS 14 Regulatory Deferral Accounts" The Standard describes regulatory deferral account balances as amounts of expense or income that would not be recognized as assets or liabilities in accordance with other Standards, but that qualify to be deferred in accordance with this Standard because the amount is included, or is expected to be included, by the rate regulator in establishing the price(s) that an entity can charge to customers for rate-regulated goods or services. It permits a first-

time adopter within its scope to continue to account for regulatory deferral account balances in its first IFRS financial statements in accordance with its previous GAAP when it adopts IFRS. It is effective for annual periods beginning on or after 01.01.2016. It is not expected to have a material impact on the financial statements of the group or the company.

"IFRS 15 Revenue from Contracts with Customers". The standard replaces IAS 11 and 18, as well as Interpretations 13, 15, 18 and 31. Under the new standard an entity recognizes revenue by following 5 steps. It is effective for annual periods beginning on or after 01.01.2017. It is not expected to have a material impact on the financial statements of the group or the company.
"Agriculture: Bearer Plants – Amendments to IAS 16 and 41". The amendments are effective for annual periods beginning on or after 01.01.2016. The standard is not relevant to the activities of the group or the company.
"Equity Method in Separate Financial Statements – Amendments to IAS 27". The amendments are effective for annual periods beginning on or after 01.01.2016. Under new amendments, interests in subsidiaries, associates and joint ventures, in the separate financial statements of an investor can be measured in accordance with equity method as it is stated in IAS 28. It is not expected to have a material impact on the financial statements of the company.
"Disclosing Initiative – Amendments to IAS 1". (Effective for annual periods beginning on or after 1 January 2016). It is not expected to have material effect on the financial statements.
"Sale or Distribution of Assets between an Investor and its Associate or Joint Venture – Amendments to IFRS 10 and IAS 28". (Effective for annual periods beginning on or after 1 January 2016). It is not expected to have material effect on the financial statements.
"Investments Entities – Applying the Consolidation Exception – Amendments to IFRS 10, IFRS 12 and IAS 28". (Effective for annual periods beginning on or after 1 January 2016). It is not expected to have material effect on the financial statements.

By the IASB and IFRIC, have issued new Standards and Interpretations and modified existing, effective for annual periods beginning after 01/01/2014.

The most relevant Standards and Interpretations are listed below:

Annual Improvements 2011-2013 issued in December 2013 that concern IAS 40, IFRS 1, IFRS 3 και IFRS 13. The improvements are effective for annual periods commencing on or after 01.01. 2014. They are not expected to have a material impact on the financial statements of the group or the company.

«Recoverable Amount – Disclosures for Νon Financial Assets (Amendments to IAS 36)» The amendments impose additional information about the fair value measurement when the recoverable amount of impaired assets is based on fair value less costs of disposal. It is not expected to have material effect on the financial statements (Effective for annual periods beginning on or after 1 January 2014).

«Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39)» The amendments refer to the provision of relief from discontinuing hedge accounting when novation of a derivative designated as a hedging instrument meets certain criteria. It is not expected to have material effect on the financial statements (Effective for annual periods beginning on or after 1 January 2014).

«Amendment to IAS 32 Financial Instruments - Presentation» The amendments refer to offsetting financial assets and financial liabilities. It is not expected to have material effect on the financial statements. (Effective for annual periods beginning on or after 1 January 2014).

«Investment Entities (Amendments in: IFRS 10, IFRS 11 και IAS 27)». Not applicable to the Company. (Effective for annual periods beginning on or after 1 January 2014).

«IFRIC 23 Levies. The Interpretation addresses the accounting for a liability to pay a levy if that liability is within the scope of IAS 37, as well as the accounting for a liability to pay a levy whose timing and amount is certain. It is not expected to have material effect on the financial statements. (Effective for annual periods beginning on or after 1 January 2014).

2.1 Consolidation

2.1.1 Subsidiaries

The consolidated financial statements include the financial statements of the company and of its controlled businesses (subsidiaries). Control is considered when the company is able to define the financial and operational activities of a business with the purpose of acquiring a benefit. The results, assets and liabilities of subsidiaries have been integrated in the financial statements using the complete consolidation method. The financial statements of the subsidiaries have been prepared by following the same accounting policies followed by the company. Company to company transactions, inter-company balances and inter-company incomes and expenses are deleted during consolidation. The goodwill resulting during the acquisition of businesses, if it is positive, is registered as a non-depreciable asset, subjected annually to an audit for the impairment of its value. If it is negative, it is registered as income in the results of operations for the Group. The goodwill refers to the balance between the price for acquiring and the reasonable value of the separate assets, the liabilities and probable liabilities of the acquired business.

2.1.2 Associates

Associates are all entities over which the Group has the ability to exercise significant influence and are neither subsidiaries nor interests in a joint venture. Significant influence is the power to participate in decisions on financial and operating policies of the company but not control those policies. Significant influence normally exists when the group holds between 20% and 50% of the voting rights through ownership of shares or through other agreement.

Investments in associates are initially recognized at cost, while for consolidation purposes the equity method. The goodwill included in the carrying amount (cost) of the investment and is tested for impairment as part of investment. When a group entity transacts with an associate of the group, any intercompany profits and losses are eliminated to the extent of the Group in the relevant associate. All subsequent changes in the ownership interest in the equity of the associate are recognized in the carrying amount of the investment group.

Changes arising from the profits or losses of associates is recorded in the consolidated income statement and changes that have been directly recognized in equity of associates recognized in consolidated equity of the group. Any changes recognized directly in equity and not related to outcome, for example the distribution of dividends or other transactions with shareholders of the associate recognized against the carrying value of the participation. No effect in the net result or equity is recognized in these transactions.

When the group's share of losses in an associate equals or exceeds the carrying amount of the investment, including any other unsecured receivables, the Group does not recognize further losses, unless the Group has incurred obligations or made payments on behalf the associate. The accounting policies of associates are changed where necessary to ensure consistency with the policies adopted by the group.

In the financial statements of the parent company, investments in associates are valued in accordance with IAS 28, at cost less any accumulated losses from impairment.

2.1.3 Currency Translations

(a) Operating currency and presentation currency

The figures of the financial statements for the Group's companies and for the company are noted in Euro; which is the currency of the financial environment within which they operate (functional currency)

(b) Transactions and balances

INTERIM FINANCIAL STATEMENTS PERIOD JANUARY 1 ST TO SEPTEMBER 30 TH 2015 16 Any transactions in foreign currencies are converted to the functional currency, based on the exchange rates valid during the transactions' dates. Any profits and damages from currency differences, resulted from the liquidation of such transactions during the fiscal year and from the conversion of the of the currency elements expressed in a foreign currency with the current exchange rates, applicable on the date of the Balance Sheet are registered in results. Any foreign currency differences from non-currency elements evaluated at their reasonable price are considered as a section of the reasonable value; thus they are registered in the same section with the differences of reasonable value. The figures of the financial statements of the Group's companies are measured based on the currency of the financial environment for the specific country where each Group company is active. The separate financial statements of the companies participating in the consolidation, which had initially presented in a currency other than the Group's presentation currency, have been converted into €. Assets and liabilities have been translated into € at the closing exchange rate on the date of the balance sheet Incomes and expenses have been translated to the Group's presentation currency based on the average exchange rate for each stated fiscal year. Any differences resulting from this procedure are transferred to the reserve fund for translating subsidiary balance sheets in a foreign currency, in the net position, through the remaining total earnings.

3 Financial Information per segment

The functional sectors of Group are strategic units selling different goods. They are monitored and managed separately by the board, because this goods of are of completely different nature in terms of market demand and gross margin.

The sectors of Group are the following:

- Jewellery, Watches, Accessories:

This sector includes the treatment and marketing of jewels, watches and accessories.

- Department Stores:

This sector deals with the operation of the department stores.

- Clothing - Footwear:

This sector concerns retail and wholesale sale of branded clothing and footwear and perfumes.

- Other Activities:

This sector includes sales to exterior customers below 5%.

The accounting policies for the operating sectors are the same as those used for the financial statements. The outcome of the sectors is calculated upon the profitability, on a pre-tax profit and without taking into account figures such as non-recurring and foreign exchange transactions.

RESULTS PER SEGMENT FOR 30.09.15 AND 30.09.14

		GROUP
in thousands.000 amounts	Jewellery - Watch - Accessories	Clothing - Footwear	Department stores	Total	Eliminations	Consolidated data
Reference period
Sales to external customers	651.754	137.870	120.618	910.242	-34.771	875.471
Sales intersectoral	939	8.278	143	9.360	-9.360	0
Cost of sales	-350.143	-90.930	-70.310	-511.383	35.477	-475.906
Cost of sales sectors	0	-378	-8.832	-9.209	9.209	0
Gross Margin	302.550	54.841	41.619	399.009	556	399.565
Other operating income	1.591	2.801	2.621	7.013	-614	6.399
Selling Cost	-117.849	-43.263	-34.437	-195.550	949	-194.601
Selling expenses crosscutting	-123	-28	0	-151	151	0
Administration cost	-38.753	-8.952	-2.737	-50.442	87	-50.355
Administrative expenses crosscutting	0	0	0	0	0	0
Other operating cost	-5.383	-931	-136	-6.451	0	-6.451
Segment operating earnings (ΕΒΙΤ)	142.034	4.466	6.929	153.429	1.128	154.558


Previous Reporting Period	Jewellery - Watch - Accessories	Clothing - Footwear	Department stores	Total	Eliminations	Consolidated data
Previous Reporting Period
Sales to external customers	536.223	122.064	106.431	764.718	-40.740	723.977
Sales intersectoral	1.133	5.129	96	6.358	-6.358	0
Cost of sales	-271.610	-77.071	-63.242	-411.923	39.820	-372.103
Cost of sales sectors	0	-325	-5.932	-6.256	6.256	0
Gross Margin	265.745	49.797	37.354	352.897	-1.022	351.874
Other operating income	2.822	1.854	2.205	6.881	-503	6.377
Selling Cost	-103.627	-36.141	-31.415	-171.182	2.566	-168.616
Selling expenses crosscutting	-65	-37	0	-102	102	0
Administration cost	-28.445	-7.094	-2.537	-38.076	-1.494	-39.570
Administrative expenses crosscutting	0	0	0	0	0	0
Other operating cost	-1.992	-1.308	-214	-3.514	0	-3.514

4 Own used tangible assets – Investments in real property for the Group and the Company

The book value of assets, for the Group and Company respectively, as shown in the consolidated balance sheet for the periods presented were as follows:

				The Group
	Land	Buildings & Building Installations	Plant & Machinery	Vehicles	Furniture, fittings & equipment	PPE in course of construction	Total	Investment Property
Cost
Balance at 1.1.2014	38.035.478,66	97.058.484,75	9.750.155,81	3.660.809,61	76.696.590,77	45.055.033,08	270.256.552,68	82.049.706,85
Additions	0,00	9.449.739,98	1.317.413,23	41.495,55	10.236.310,97	5.961.790,70	27.006.750,43	165.717,00
Disposals	0,00	-3.582.742,72	-571.896,69	-7.682,99	-4.058.320,25	0,00	-8.220.642,65	0,00
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers	-1.774,93	2.925.232,71	223.058,16	1.240,84	222.551,25	-5.096.935,77	-1.726.627,74	1.069.110,43
Exchange Differences	1.822.099,65	2.116.249,62	518.929,08	3.727,53	2.443.870,24	-23.672,25	6.881.203,87	0,00
Balance at 31.12.2014	39.855.803,38	107.966.964,34	11.237.659,59	3.699.590,54	85.541.002,98	45.896.215,76	294.197.236,59	83.284.534,28
Balance at 1.1.2015	39.855.803,38	107.966.964,34	11.237.659,59	3.699.590,54	85.541.002,98	45.896.215,76	294.197.236,59	83.284.534,28
Additions	0,00	4.831.445,51	994.209,89	2.959.214,89	4.617.906,41	3.507.795,63	16.910.572,33	0,00
Disposals	0,00	-784.751,45	-51.743,37	-9.365,92	-2.789.758,52	0,00	-3.635.619,26	0,00
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	2.572.340,84	0,00	2.572.340,84	0,00
Transfers	-0,04	54.726,38	1.060,45	0,73	182.188,70	-474.707,79	-236.731,57	191.194,04
Exchange Differences	1.346.852,95	3.475.295,88	313.811,12	-25.317,00	1.811.607,86	98.531,36	7.020.782,17	0,00
Balance at 30.09.15	41.202.656,29	115.543.680,66	12.494.997,68	6.624.123,24	91.935.288,27	49.027.834,96	316.828.581,10	83.475.728,32
Accumulated amortisation
Balance at 1.1.2014	0,39	29.185.565,54	8.615.974,50	1.747.737,61	54.724.703,71	677.232,54	94.951.214,29	5.996.551,44
Amortisation charge	0,00	8.634.293,66	730.435,57	284.915,70	7.712.715,69	0,00	17.362.360,62	0,00
Fair value impairment	0,00	0,00	0,00	0,00	0,00	0,00	0,00	1.095.353,73
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Decrease of amortisation	0,00	-3.060.084,85	-493.220,78	-1.506,89	-3.777.228,42	0,00	-7.332.040,94	0,00
Transfers	0,00	213.420,15	21.741,95	0,00	92.554,44	302.939,64	630.656,18	154.618,70
Exchange Differences	0,00	680.123,37	479.427,04	-800,58	1.646.898,02	51,23	2.805.699,08	0,00
Balance at 31.12.2014	0,39	35.653.317,87	9.354.358,28	2.030.345,84	60.399.643,44	980.223,41	108.417.889,23	7.246.523,87
Balance at 1.1.2015	0,39	35.653.317,87	9.354.358,28	2.030.345,84	60.399.643,44	980.223,41	108.417.889,23	7.246.523,87
Amortisation charge	0,00	7.360.174,04	696.168,88	257.080,84	6.070.979,94	0,00	14.384.403,70	0,00
Fair value impairment	0,00	0,00	0,00	0,00	0,00	0,00	0,00	1.015.539,99
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	1.283.542,76	0,00	1.283.542,76	0,00
Decrease of amortisation	0,00	-161.543,61	-47.940,48	-4.580,83	-1.713.609,96	0,00	-1.927.674,88	0,00
Transfers	0,00	-443,84	-9,73	0,00	9,51	-0,01	-444,07	442,56
Exchange Differences	0,00	2.810.210,89	255.316,61	-28.364,13	1.187.951,90	-286,50	4.224.828,77	0,00
Balance at 30.09.15	0,39	45.661.715,35	10.257.893,56	2.254.481,72	67.228.517,59	979.936,90	126.382.545,51	8.262.506,42

Net Book amount 31.12.2014	39.855.802,99	72.313.646,47	1.883.301,31	1.669.244,70	25.141.359,54	44.915.992,35	185.779.347,36	76.038.010,41
Net Book Amount 30.09.2015	41.202.655,90	69.881.965,31	2.237.104,12	4.369.641,52	24.706.770,68	48.047.898,06	190.446.035,59	75.213.221,90

				The Company
	Land	Buildings & Building Installations	Plant & Machinery	Vehicles	Furniture, fittings & equipment	PPE in course of construction	Total	Investment Property
Cost
Balance at 1.1.2014	12.243.777,69	46.737.349,36	1.595.920,67	2.390.227,24	21.922.201,93	902.250,00	85.791.726,89	84.357.579,33
Additions	0,00	1.758.357,04	20.920,00	39.360,16	1.585.836,78	0,00	3.404.473,98	165.717,00
Disposals	0,00	-697.106,11	-172.629,04	-7.682,99	-996.114,66	0,00	-1.873.532,80	0,00
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers	0,00	-1.070.920,81	217,36	0,00	1.810,38	-900.000,00	-1.968.893,07	1.069.110,43
Exchange Differences	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Balance at 31.12.2014	12.243.777,69	46.727.679,48	1.444.428,99	2.421.904,41	22.513.734,43	2.250,00	85.353.775,00	85.592.406,76
Balance at 1.1.2015	12.243.777,69	46.727.679,48	1.444.428,99	2.421.904,41	22.513.734,43	2.250,00	85.353.775,00	85.592.406,76
Additions	0,00	443.461,39	6.150,00	0,00	616.271,41	251.302,03	1.317.184,83	0,00
Disposals	0,00	-8.613,66	-34.399,98	-1.500,00	-899.343,33	0,00	-943.856,97	0,00
Non Continuing operations - Impairments	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Transfers	0,00	-135.552,10	0,00	0,00	0,00	-110.641,94	-246.194,04	191.194,04
Exchange Differences	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Balance at 30.09.15	12.243.777,69	47.026.975,11	1.416.179,01	2.420.404,41	22.230.662,51	142.910,09	85.480.908,82	85.783.600,80
Accumulated amortisation
Balance at 1.1.2014	0,00	17.685.069,11	1.168.111,85	781.253,62	15.715.964,36	0,00	35.350.398,94	8.304.423,92
Amortisation charge	0,00	1.931.292,07	72.437,06	219.160,28	1.928.589,48	0,00	4.151.478,89	0,00
Fair value impairment	0,00	0,00	0,00	0,00	0,00	0,00	0,00	1.095.353,73
Non Continuing operations -	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Impairments Decrease of amortisation	0,00	-662.860,20	-154.071,28	-1.506,89	-958.080,83	0,00	-1.776.519,20	0,00
Transfers	0,00	-154.562,56	0,00	0,00	38,72	0,00	-154.523,84	154.618,70
Exchange Differences	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Balance at 31.12.2014	0,00	18.798.938,42	1.086.477,63	998.907,01	16.686.511,73	0,00	37.570.834,79	9.554.396,35
Balance at 1.1.2015
Amortisation charge	0,00	18.798.938,42	1.086.477,63	998.907,01	16.686.511,73	0,00	37.570.834,79	9.554.396,35
Fair value impairment	0,00	1.383.843,94	50.214,55	162.971,50	1.390.647,36	0,00	2.987.677,35	0,00
Non Continuing operations -	0,00	0,00	0,00	0,00	0,00	0,00	0,00	1.015.539,99
Impairments	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Decrease of amortisation	0,00	-8.613,66	-33.576,71	-1.500,00	-759.561,13	0,00	-803.251,50	0,00
Transfers	0,00	-442,84	-9,74	0,00	5,51	0,00	-447,07	442,56
Exchange Differences	0,00	0,00	0,00	0,00	0,00	0,00	0,00	0,00
Balance at 30.09.15	0,00	20.173.725,86	1.103.105,73	1.160.378,51	17.317.603,47	0,00	39.754.813,57	10.570.378,90

Net Book amount 31.12.2014	12.243.777,69	27.928.741,06	357.951,36	1.422.997,40	5.827.222,70	2.250,00	47.782.940,21	76.038.010,41
Net Book Amount 30.09.2015	12.243.777,69	26.853.249,25	313.073,28	1.260.025,90	4.913.059,04	142.910,09	45.726.095,25	75.213.221,90

5 Intangible Assets for the Group and the Company

		The Group
	Software Progr.	Rental rights	Concessions, Licenses & Similar Rights	Total	Goodwil
Cost
Balance at 1.1.2014	15.513.854,91	8.422.857,08	3.568.538,98	27.505.250,97	92.030.714,21
Additions	1.418.621,69	0,00	466.325,21	1.884.946,90	2.701.667,24
Disposals	-29.104,10	-14.400,00	-446.102,72	-489.606,82	0,00
Non Continuing operations -	0,00	0,00	0,00	0,00	0,00
Impairments Transfers	1.388.875,87	-1.728.166,82	454.470,14	115.179,19	0,00
Exchange Differences	319.890,63	49.382,60	293.143,96	662.417,19	94.345,05
Balance at 31.12.2014
	18.612.139,00	6.729.672,86	4.336.375,57	29.678.187,43	94.826.726,50
Balance at 1.1.2015	18.612.139,00	6.729.672,86	4.336.375,57	29.678.187,43	94.826.726,50
Additions	31.974.493,40	0,00	3.418.674,44	35.393.167,84	0,00
Disposals	-78.791,56	0,00	0,00	-78.791,56	0,00
Non Continuing operations - Impairments	74.201,31	0,00	0,00	74.201,31	0,00
Transfers	-403.494,13	0,00	-16.937,20	-420.431,33	0,00
Exchange Differences	-1.953.564,43	41.099,27	397.826,99	-1.514.638,17	152.957,20
Balance at 30.09.15	48.224.983,59	6.770.772,13	8.135.939,80	63.131.695,52	94.979.683,70
Accumulated amortisation
Balance at 1.1.2014	13.563.734,60	3.221.447,53	-1.218.878,16	15.566.303,97	158.092,00
Amortisation charge	1.109.025,99	575.236,21	367.928,71	2.052.190,91	0,00
Decrease of amortisation	-25.333,43	-446.102,72	-6.000,00	-477.436,15	0,00
Non Continuing operations -	0,00	0,00	0,00	0,00	132.370,00
Impairments Transfers	1.077.328,02	-631.227,06	225.818,59	671.919,55	0,00
Exchange Differences	106.783,25	37.816,80	30.072,01	174.672,06	0,00
Balance at 31.12.2014	15.831.538,43	2.757.170,76	-601.058,85	17.987.650,34	290.462,00
Balance at 1.1.2015	15.831.538,43	2.757.170,76	-601.058,85	17.987.650,34	290.462,00
Amortisation charge	3.598.440,35	407.754,02	1.137.849,50	5.144.043,87	0,00
Decrease of amortisation	-590,19	0,00	0,00	-590,19	0,00
Non Continuing operations -
Impairments	53.718,24	0,00	0,00	53.718,24	0,00
Transfers	2.409,58	0,00	-2.409,42	0,16	0,00
Exchange Differences	-1.756.813,56	30.463,93	215.407,98	-1.510.941,65	0,00
Balance at 30.09.15	17.728.702,85	3.195.388,71	749.789,21	21.673.880,77	290.462,00
Net Book amount
31.12.2014	2.780.600,57	3.972.502,10	4.937.434,42	11.690.537,09	94.536.264,50
Net Book Amount 30.09.2015	30.496.280,74	3.575.383,42	7.386.150,59	41.457.814,75	94.689.221,70

The analysis of the goodwill at 30.09.2015 is the following:

-An amount of 39.374 th. euro in the assets of the parent company occurred after the absorption and concerns goodwill on acquisition of the company ELMEC SPORT SA.

-An amount of 52.366 th. euro concerns the goodwill arising from the acquisition of the company LINKS (LONDON) LIMITED by a subsidiary company of the Group.

-An amount of 2.949 th. euro concerns the goodwill arising from the acquisition of companies JUICY COUTURE EUROPE LTD and JUICY COUTURE IRELAND LTD by a subsidiary company of the Group.

About recognized goodwill note that the goodwill acquired in a business combination is initially recognized at cost, which is the excess of the cost of the combination over the Group's share in the fair value of net assets acquired. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. The Group tests goodwill for impairment at least annually. An impairment loss recognized for goodwill is not reversed in subsequent periods.

The Company
	Software Progr.	Rental rights	Concessions, Licenses & Similar Rights	Total	Goodwil
Cost
Balance at 1.1.2014	1.996.182,78	7.132.487,94	558.404,30	9.687.075,02	39.373.861,68
Additions	39.573,89	0,00	0,00	39.573,89	0,00
Disposals	-3.980,91	-14.400,00	-446.102,72	-464.483,63	0,00
Non Continuing operations -	0,00	0,00	0,00	0,00	0,00
Impairments Transfers	94.005,05	351.880,30	0,00	445.885,35	0,00
Exchange Differences	0,00	0,00	0,00	0,00	0,00

Balance at 31.12.2014	2.125.780,81	7.469.968,24	112.301,58	9.708.050,63	39.373.861,68
Balance at 1.1.2015	2.125.780,81	7.469.968,24	112.301,58	9.708.050,63	39.373.861,68
Additions	8.236,40	0,00	57.000,00	65.236,40	0,00
Disposals	-590,19	0,00	0,00	-590,19	0,00
Non Continuing operations -
Impairments Transfers	0,00	0,00	0,00	0,00	0,00
Exchange Differences	0,00	0,00	0,00	0,00	0,00
	0,00	0,00	0,00	0,00	0,00
Balance at 30.09.15	2.133.427,02	7.469.968,24	169.301,58	9.772.696,84	39.373.861,68
Accumulated amortisation
Balance at 1.1.2014	1.761.008,11	3.798.682,13	491.881,09	6.051.571,33	0,00
Amortisation charge	117.068,85	498.133,38	9.058,08	624.260,31	0,00
Decrease of amortisation	-3.876,53	-6.000,00	-446.102,72	-455.979,25	0,00
Non Continuing operations -
Impairments Transfers	0,00	0,00	0,00	0,00	0,00
Exchange Differences	94.222,41	351.880,30	0,00	446.102,71	0,00
	0,00	0,00	0,00	0,00	0,00
Balance at 31.12.2014	1.968.422,84	4.642.695,81	54.836,45	6.665.955,10	0,00
Balance at 1.1.2015	1.968.422,84	4.642.695,81	54.836,45	6.665.955,10	0,00
Amortisation charge	85.484,26	366.081,98	7.727,99	459.294,23	0,00
Decrease of amortisation	-590,19	0,00	0,00	-590,19	0,00
Non Continuing operations -	0,00	0,00	0,00	0,00	0,00
Impairments Transfers
Exchange Differences	0,00	0,00	0,00	0,00	0,00
	0,00	0,00	0,00	0,00	0,00
Balance at 30.09.15	2.053.316,91	5.008.777,79	62.564,44	7.124.659,14	0,00
Net Book amount
31.12.2014	157.357,97	2.827.272,43	57.465,13	3.042.095,53	39.373.861,68
Net Book Amount 30.09.2015	80.110,11	2.461.190,45	106.737,14	2.648.037,70	39.373.861,68

6 Investments in related entities

In the financial statements of the parent company, the following companies are valued at cost less impairment losses, as given in the table below. The consolidated statements incorporated all the full consolidation method.

	The Company
Investments in subsidiaries	30.09.2015	31.12.2014
FOLLI-FOLLIE HONG KONG LTD	22.627.986,94	22.627.986,94
FOLLI-FOLLIE UK LTD	3.110.450,19	3.110.450,19
FOLLI-FOLLIE FRANCE SA	7.155.791,41	7.155.791,41
FOLLI-FOLLIE SPAIN SA	4.983.697,81	4.983.697,81
MFK FASHION LTD	6.835.983,56	1.985.983,56
PLANACO SA	7.776.221,01	7.776.221,01
FOLLI FOLLIE HOLDINGS S.A	109.417.114,01	109.412.114,01
FF GROUP FINANCE LUXEMBOURG SA	2.600.000,00	2.600.000,00
STRENABY FINANCE LTD	13.030.922,10	10.030.922,10
ELMEC ROMANIA SRL	5.545.971,25	5.545.971,25
ELMEC SPORT BULGARIA EOOD	1.544.023,14	1.544.023,14
MOUSTAKIS S.A	943.650,44	943.650,44
COLLECTIVE S.A	960.000,00	960.000,00
LINKS OF LONDON LTD	20.261.000,00	20.261.000,00
ΑΤΤΙΚΑ ΠΟΛΥΚΑΤΑΣΤΗΜΑΤΑ S.A	5.668.300,56	6.312.150,00
FF COSMETICS S.A	1.000.000,00	0,00

Total	213.461.112,42	205.249.961,86

7 Other long term Assets

Other long term assets	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Bills and checks receivable	17.619,27	0,00	0,00	0,00
Rental deposits	14.487.737,11	10.072.019,09	1.345.537,82	1.357.222,31
Other non current assets	26.288.849,89	19.773.262,87	0,00	0,00
Total	40.794.206,27	29.845.281,96	1.345.537,82	1.357.222,31

8 Inventories

Inventories	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Merchandise	474.408.795,69	371.479.142,97	44.065.262,33	38.146.401,34
Products - Raw Materials & Consumables	164.918,28	180.509,61	0,00	0,00
Packing materials	174.154,77	163.886,21	0,00	0,00
Less: Provisions for obsolesence	-4.797.588,53	-5.264.916,27	-2.333.493,26	-2.346.477,50
Total	469.950.280,21	366.558.622,52	41.731.769,07	35.799.923,84

Inventories are measured at the lowest value between the acquisition value and the clear liquidating value, as provided for by IAS 2.

9 Trade Receivables and other Current Assets

	The Group		The Company
Trade receivables	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Trade receivables (customers via open balances)	476.342.325,19	512.305.831,08	50.406.795,21	48.889.606,51
Cheques/promissory notes receivables	23.544.913,47	27.530.893,18	20.119.523,42	24.129.650,32
Balance provision of bad debts 31.12.2013	-6.107.320,29	-6.024.215,81	-5.472.569,41	-5.443.372,78
Total	493.779.918,37	533.812.508,45	65.053.749,22	67.575.884,05

	The Group	The Company
Other current assets	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Trade receivables (customers via credit cards)	13.161.592,58	16.518.444,90	1.362.252,87	1.752.659,41
Short-term Loan Claims	1.758.703,99	1.125.565,55	50.288.026,62	27.517.806,51
Receivables from public sector	7.475.654,60	7.051.175,07	3.062.359,14	3.189.257,99
Advances to suppliers	82.924.949,36	69.081.327,24	0,00	1.537.279,03
Personel advances	96.795,75	59.708,74	62.438,27	52.793,53
Purchases under settlement	1.430.106,39	2.403.292,36	153.275,77	392.904,05
Other receivables	78.498.160,06	60.445.585,93	10.009.706,56	10.445.430,85
Prepaid expenses	13.517.062,79	8.985.384,19	1.606.452,09	2.217.914,30
Accrued income	254.750,64	298.700,48	0,00	215.179,34
Total	199.117.776,16	165.969.184,46	66.544.511,32	47.321.225,01

10 Cash and cash equivalent

Cash & cash equivalent	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Cash on hand	11.120.880,45	1.774.938,75	637.481,29	380.462,15
Cash at bank	208.964.934,20	295.257.884,52	67.272.781,83	146.371.628,34
Total	220.085.814,65	297.032.823,27	67.910.263,12	146.752.090,49

11 Borrowings

The borrowings for the Group and the Company are as follows:

	The Group			The Company
Borrowings	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Borrowed funds
Bond Loans	283.648.795,03	278.483.469,08	224.402.823,19	218.498.291,31
Bank Loans	31.077.640,50	42.459.030,32	0,00	0,00
Leases	28.793.556,59	30.194.377,66	23.872.214,54	25.301.168,29
Total	343.519.992,12	351.136.877,06	248.275.037,73	243.799.459,60

Long-term borrowings	313.723.509,69	304.343.050,12	246.433.629,65	241.921.726,69
Short-term borrowings	29.796.482,43	46.793.826,94	1.841.408,08	1.877.732,91
Total	343.519.992,12	351.136.877,06	248.275.037,73	243.799.459,60

Bond Loans
More than 5 years	5.883.067,31	8.283.067,31	0,00	0,00
From 1 to 5 years	277.146.776,72	269.574.609,96	224.402.823,19	218.498.291,31
Up to 1 year	618.951,00	625.791,81	0,00	0,00
Total	283.648.795,03	278.483.469,08	224.402.823,19	218.498.291,31

Bank Loans
More than 5 years	287.839,03	222.826,94	0,00	0,00
From 1 to 5 years	7.149.157,60	2.123.660,44	0,00	0,00
Up to 1 year	23.640.643,87	40.112.542,94	0,00	0,00
Total	31.077.640,50	42.459.030,32	0,00	0,00

Leases
More than 5 years	14.243.018,72	15.785.507,70	14.243.018,72	15.785.507,70
From 1 to 5 years	9.013.650,31	8.353.377,77	7.787.787,74	7.637.927,68
Up to 1 year	5.536.887,56	6.055.492,19	1.841.408,08	1.877.732,91
Total	28.793.556,59	30.194.377,66	23.872.214,54	25.301.168,29

12 Retirement Benefit Liabilities – Retirement benefit due to service exit

Employee benefit liabilities	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Liabilities balance principle	3.112.064,41	2.456.519,43	2.209.439,00	1.435.182,00
Formation of provision	2.883.433,01	2.387.523,25	180.873,00	1.348.103,00
Provision used in period	-799.784,15	-1.176.709,28	-526.007,72	-573.846,00
Total	5.195.713,27	3.667.333,40	1.864.304,28	2.209.439,00

13 Long Term Liabilities

Total long-term provisions	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014

Remaining provisions for additional taxes 01.01.2015	1.897.318,36	872.153,74	1.871.000,00	571.000,00
Formation of provision	0,00	1.300.000,00	0,00	1.300.000,00
Provision used in period	-1.660.000,00	-275.000,00	-1.660.000,00	0,00
Provisions for additional taxes 30.09.2015	237.318,36	1.897.153,74	211.000,00	1.871.000,00

Provisions for exposure & expenses 01.01.2015	1.625.955,69	2.147.703,18	1.403.058,81	1.919.748,30
Formation of provision	5.852.201,11	0,00	2.268.060,86	0,00
Provision used in period	0,00	-521.747,49	0,00	-516.689,49
Provisions for exposure & expenses 30.09.2015	7.478.156,80	1.625.955,69	3.671.119,67	1.403.058,81

Total	7.715.475,16	3.523.109,43	3.882.119,67	3.274.058,81

	Unaudited Tax
Company Name	Years
FOLLI FOLLIE SA	-
FOLLI FOLLIE UK LTD	2008-2014
FOLLI FOLLIE FRANCE SA	2008-2014
FOLLI FOLLIE SPAIN SA	2008-2014
MFK FASHION	2008-2014
PLANACO SA	2010
FOLLI FOLLIE JAPAN LTD	2010-2014
FOLLI FOLLIE GROUP SOURCING LTD	2008-2014
FOLLI FOLLIE ASIA LTD	2008-2014
FOLLI FOLLIE TAIWAN LTD	2008-2014
FOLLI FOLLIE KOREA LTD	2008-2014
FOLLI FOLLIE SINGAPORE LTD	2008-2014
FOLLI FOLLIE ΜΑCAU LTD	2008-2014
FOLLI FOLLIE GUAM LTD	2008-2014
FOLLI FOLLIE HAWAII LTD	2008-2014
FOLLI FOLLIE HONG KONG INTERNATIONALTD	2008-2014
FOLLI FOLLIE MALAYSIA LTD	2008-2014
FOLLI FOLLIE THAILAND LTD	2008-2014
FOLLI FOLLIE SHANGAI (PILION LTD)	2008-2014
FOLLI FOLLIE SHENZHEN LTD	2008-2014
FOLLI FOLLIE HOLDINGS SA	2010
LINKS (LONDON) LIMITED	2008-2014
LINKS OF LONDON (INTERNATIONAL) LTD	2008-2014
LINKS OF LONDON COM LTD (UK)	2008-2014
LINKS OF LONDON INC (USA)	2008-2014
LINKS OF LONDON (ASIA) LTD	2008-2014
LINKS OF LONDON JAPAN CO LTD	2008-2014
FF GROUP ROMANIA SRL	2008-2014
FF GROUP BULGARIA EOOD	2008-2014
FF COSMETICS SA	2010-2011
MOUSTAKIS SA	2010
ATTIKA DEPARTMENT STORES SA	-
JUICY COUTURE EUROPE LTD	2014
JUICY COUTURE IRELAND LTD	2014
COLLECTIVE PATRAS SA FF GROUP FINANCE LUXEMBOURG SA	- -
STRENABY FINANCE LTD	-
APPAREL ROMANIA SRL	-

The Company, during the fiscal year 2014, was audited for the unaudited fiscal years 2008 to 2010. The audit revealed additional tax amounting to € 1.590 thousand, which was finalised to the first half of 2015.

The years 2011-2013 have been audited by the statutory auditors in accordance with the provisions of Article 82 § 5 of Law 2238/1994, while the tax audit for the year 2014, check under the provisions of Article 65A of Law. 4174/2013, for both the parent company and its subsidiaries, was issued without any concerns.

Provisions are reviewed at each balance sheet date and adjusted to reflect the present value of the expenditure expected to be required to settle the obligation.

Provision for litigious cases

This provision is equal to € 1.123 thousand and is based on the fact that a company of the Group is facing court action; the Greek State is the plaintiff in these cases and the above amount is a reliable evaluation of the amounts required to be paid if the final decision is against the Company.

Provision for the forfeiture of penalty clauses

This provision is equal to € 223 thousand and stems from the fact that a Group's subsidiary company may be required to pay certain amounts as penalty clauses to its suppliers with whom the company has contracted a shop-in-shop commercial cooperation contract, if such cooperation is prematurely terminated, under specific conditions and terms.

These provisions are re-examined at each balance sheet date and are adjusted in order to show the present value of the expense anticipated in order to settle the obligation.

14 Other Long Term Liabilities

	The Group		The Company
Other long-term liabilities	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Other liabilities	4.454.508,98	16.012.814,19	4.751.000,01	7.127.708,71
Valuation from financial hedging instruments	0,00	1.694.032,81	0,00	1.694.032,81
Total	4.454.508,98	17.706.847,00	4.751.000,01	8.821.741,52

15 Trade and other Liabilities

	The Group		The Company
Trade and other payables	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Suppliers	108.427.793,39	116.037.975,94	21.929.130,82	21.760.556,63
Cheques / promissory notes payables	5.033.772,16	6.988.224,70	3.044.290,79	2.992.236,93
Advances from customers	1.550.477,28	16.850.371,65	0,00	15.287.042,85
Personnel payroll payable	266.048,73	765.289,51	-5.288,00	385.174,48
Other creditors payable	1.427.556,63	1.141.423,42	1.062.436,16	1.122.267,44
Social security contribution	2.060.875,01	2.808.782,08	675.986,70	1.433.169,29
Other liabilities	13.991.493,76	20.541.427,79	-83.576,72	74.009,45
Accrued expenses	20.489.941,27	16.734.781,72	2.755.685,92	905.719,17
Deferred revenue	-14.026,74	1.036,00	-15.901,74	1.036,00
Total	153.233.931,49	181.869.312,81	29.362.763,93	43.961.212,24

16 Current Income tax and current tax liabilities

Current Income tax	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
Income tax	16.512.936,53	26.767.379,29	0,00	0,00
Taxes from tax audits	0,00	55.698,22	0,00	0,00
Total	16.512.936,53	26.823.077,51	0,00	0,00

Current tax liabilities	The Group		The Company
	30.09.2015	31.12.2014	30.09.2015	31.12.2014
V.A.T.	4.399.800,32	2.823.557,95	2.874.634,37	919.027,81
Other taxes	1.173.578,26	2.181.980,87	555.952,80	1.385.381,67
Total	5.573.378,58	5.005.538,82	3.430.587,17	2.304.409,48

17 Deferred Income Tax

	The Group				The Company
		30.09.2015	31.12.2014		30.09.2015		31.12.2014
	Deferred Tax	Deferred Tax	Deferred Tax	Deferred Tax	Deferred Tax	Deferred Tax	Deferred Tax	Deferred Tax
Deferred tax Claims-liabilities	Claim	Obligation	Claim	Obligation	Claim	Obligation	Claim	Obligation
Current assets
Tangible fixed assets		14.224.100,96		12.470.357,10		14.382.449,47		12.785.688,18
Intangible assets		179.210,75	0,00	204.107,45	77.115,66		53.233,71	0,00
Non-current assets
Long Term Liabil.- Provisions		6.739.069,05		7.822.342,62		7.552.039,12		8.178.551,00
Def.Tax recognised in Equity	0,00		440.448,52		0,00		440.448,52
Losses	1.273.933,08		1.406.190,57
Short.Term Liabil. - Accruals		358.631,30		360.805,21		320.668,13		387.232,80
Total	1.273.933,08	21.501.012,06	1.846.639,09	20.857.612,38	77.115,66	22.255.156,72		493.682,23 21.351.471,98
Matching	-1.273.933,08	-1.273.933,08	-1.846.639,09	-1.846.639,09	-77.115,66	-77.115,66	-493.682,23	-493.682,23
Total	0,00	20.227.078,98	0,00	19.010.973,29	0,00	22.178.041,06		0,00 20.857.789,75

18 Revenues

The breakdown of turnover per segment can be found in the paragraph 3 of the notes of the financial statements.

		The Group
Turnover			01.01. -	01.01. -
	01.01. - 30.09.2015 01.01. - 30.09.2014		30.09.2015	30.09.2014
Sales of Merchandise	866.252.168,49	713.037.327,93	109.293.002,21	107.275.376,25
Sales of Products	3.144.702,75	5.394.393,47	2.561.226,75	4.391.442,47
Sales of other goods	827.066,34	290.512,40	321.216,18	286.216,35
Sales of services	5.247.178,23	5.255.186,26	4.895.062,77	4.748.726,92
Total	875.471.115,81	723.977.420,06	117.070.507,91	116.701.761,99

19 Other Income

	The Group		The Company
Other operating income	01.01. -	01.01. -	01.01. -	01.01. -
	30.09.2015	30.09.2014	30.09.2015	30.09.2014
Income from Marketing	437.834,54	2.202.084,47	448.661,44	355.311,13
Income from Promoters & Merch.	5.278,41	31.206,65	5.278,41	31.206,65
Other income	4.161.026,79	1.787.803,45	1.731.106,66	1.336.734,32
Received grants	83.063,10	1.369,50	81.321,85	0,00
Rental income	177.930,05	21.042,61	170.395,00	22.215,00
Foreign exchange gains	1.156.895,02	2.199.820,64	694.054,36	637.233,20
Other operating & extraordinary income	280.079,45	133.840,33	2.823,25	16.227,08
Prior year income	96.762,33	0,00	96.762,33	0,00
Total	6.398.869,69	6.377.167,65	3.230.403,30	2.398.927,38

20 Administrative and Selling Expenses

	The Group		The Company
Administration expenses	01.01. -	01.01. -	01.01. -	01.01. -
	30.09.2015	30.09.2014	30.09.2015	30.09.2014
Total Fees & staff	21.458.411,55	18.931.279,69	4.250.208,22	3.987.053,08
Legal-professional-other fees	4.853.010,47	4.384.400,37	2.318.958,65	2.153.111,41
Credit card commissions	11.665,07	17.652,24	0,00	-1,94
Postage & telecommunication	480.162,29	448.600,00	68.810,75	35.080,95
Rent expenses	3.029.335,40	3.463.946,00	240.569,67	236.233,06
Car rentals & car leases	130.577,95	114.835,84	106.316,02	94.696,52
Insurance	397.997,51	421.961,04	91.869,76	119.146,71
Repairs & Maintenance	862.043,34	870.677,85	231.033,96	294.378,32
Utilities & cleaning	1.497.998,47	602.368,57	440.197,15	416.251,98
Other taxes (not income tax)	1.005.096,36	979.010,25	438.772,14	313.988,62
Transportation expenses - Logistics	2.600.150,96	1.918.736,68	356.967,77	341.267,47
Advertising & promotional expenses	4.859.398,68	3.202.568,83	123.256,92	175.898,77
Fairs & exhibition expenses	122.397,08	212.907,47	0,00	0,00
Stationery & consumables	362.353,28	338.724,21	11.309,07	8.152,18
Other expenses	2.270.849,13	997.944,40	296.830,33	274.086,03
Depreciation & amortization	6.206.785,78	2.298.621,55	831.737,94	956.258,18
Provision for retirement	206.439,11	366.025,96	0,00	0,00
Other Provisions	0,00	0,00	0,00	0,00
Total	50.354.672,43	39.570.260,95	9.806.838,35	9.405.601,34

	The Group		The Company
Selling expenses	01.01. -	01.01. -	01.01. -	01.01. -
	30.09.2015	30.09.2014	30.09.2015	30.09.2014
Total Fees & staff	67.224.795,36	59.454.201,69	17.729.872,30	16.390.440,81
Legal-professional-other fees	16.770.974,36	16.048.790,18	4.428.070,51	4.179.537,66
Credit card commissions	2.278.167,60	3.051.972,68	853.217,11	795.721,99
Postage & telecommunication	1.020.546,22	897.118,53	322.598,44	242.262,29
Rent expenses	51.484.302,53	41.282.881,31	6.055.130,57	5.422.180,34
Car rentals & car leases	183.401,17	138.814,63	135.395,40	102.756,07
Insurance	1.166.534,33	1.148.045,46	714.877,50	759.401,26
Repairs & Maintenance	2.806.422,78	2.697.734,64	506.911,98	580.775,68
Utilities & cleaning	5.490.319,16	5.369.495,58	1.730.771,92	1.701.386,70
Other taxes (not income tax)	704.907,89	590.623,80	269.268,44	343.621,74
Transportation expenses - Logistics	5.559.396,71	3.297.887,74	2.047.388,31	777.474,49
Advertising & promotional expenses	12.391.841,02	10.864.441,79	3.117.331,75	3.100.209,34
Fairs & exhibition expenses	890.673,92	288.793,24	834.226,27	162.855,31
Stationery & consumables	1.710.097,25	1.124.259,93	31.789,12	42.789,13
Other expenses	10.207.145,91	9.083.796,95	1.269.436,70	1.256.699,54
Depreciation & amortization	14.253.398,49	12.491.942,12	3.615.104,20	3.320.650,10
Provision for retirement	456.493,87	367.614,20	180.873,00	127.469,25
Other Provisions	1.505,29	417.679,91	0,00	0,00
Total	194.600.923,86	168.616.094,38	43.842.263,52	39.306.231,70

21 Other Expenses

	The Group		The Company
Other operating expenses	01.01. -	01.01. -	01.01. -	01.01. -
	30.09.2015	30.09.2014	30.09.2015	30.09.2014
Penalties & fines	79.061,26	61.624,18	10.724,22	36.126,61
Duties and taxes on deficits	4.621,88	70,74	0,00	0,00
Impairment of assets	0,00	56.250,00	0,00	0,00
Stock loss & damage	456.068,40	572.377,96	0,00	0,00
Loss from claims not susceptible of collection	572,80	680,77	0,00	0,00
Provisions for exposure & expenses	5.867,38	9.282,00	0,00	9.282,00
Foreign exchange losses	4.735.331,31	768.683,68	660.067,42	810.630,44
Prior years' expenses	160.023,86	1.810.063,64	51.100,26	1.786.576,57
Other expenses	1.009.073,36	234.532,48	567,23	73,16
Total	6.450.620,25	3.513.565,45	722.459,13	2.642.688,78

22 Financial Income-Expenses

Financial-Investements and other income-expenses
at fair value	Group		Company
	01.01. - 30.09.2015	01.01. - 30.09.2014	01.01. - 30.09.2015	01.01. - 30.09.2014
Gains from sale of travel retail activity	0,00	0,00	0,00	0,00
Gains from sale of investments	190.524,13	0,00	18.291,60	0,00
Losses from sale of investments	-1.793,95	0,00	0,00	0,00
Gains from forex instruments	-55.073,08	0,00	-55.073,08	0,00
Gains from carve-out of travel retail activity	0,00	351.995,33	0,00	351.995,33
Revaluation of fair value investments	12.617,48	0,00	0,00	0,00
Gains from derivatives	2.376.708,70	10.197.311,71	0,00	10.197.311,71
Dividends from subsidiaries	0,00	0,00	2.376.708,70	487.714,49
Dividends from investments fair value	709,42	0,00	0,00	0,00
Dividends from other investments	0,00	0,00	0,00	0,00
Losses on derivatives	-1.778.024,40	-3.976.081,10	-1.752.928,05	-3.976.081,10
Devaluation of fair value inventories	0,00	0,00	0,00	0,00
Interest on reserves	667.312,39	4.124.486,71	343.944,92	2.246.918,79
Other interests	109.458,71	25.002,28	15.865,47	12.212,46
Interest expenses (Loans)	-9.677.905,07	-9.921.682,53	-8.432.674,98	-7.661.940,11
Interest expenses (Leases)	-671.875,70	-740.746,39	-612.404,99	-706.405,60
Other interests	-548.785,34	-244.441,06	0,00	0,00
Bank commission & taxes	-1.881.219,00	-1.354.500,25	-816.241,91	-540.958,10
Profits from sale of assets	8.450,39	124.870,94	7.087,36	2.438,44
Impairement losses of trade receivables and other non-current assets -73.285,63		-857.699,96	-64.196,63	-857.699,96
Losses from the disposal of assets	-257.824,26	-371.638,68	-100.705,43	-41.984,22
Devaluation of fair value of fixed assets	12.984,24	-20.059,79	12.984,24	-20.059,79
Other financial expenses	-1.339.860,29	-6.329.976,14	-297.111,93	-160.457,94
Impairment of investments	-2.250.000,00	0,00	-2.250.000,00	0,00
Losses from foreign exchange products	-1.484,02	0,00	0,00	0,00
Loss on valuation of investment at fair value	0,00	0,00	0,00	0,00
Revaluation of fair value of subsidiary	0,00	0,00	0,00	0,00
Other financial income	1.589.198,71	852.742,99	1.085.586,40	552.279,38
Total	-13.569.166,57	-8.140.415,94	-10.520.868,31	-114.716,22

23 Related party transactions

The following transactions, concern related party transactions, in accordance to IAS 24.

Transactions between parent and subsidiary
	01.01. -	01.01. -
	30.09.2015	30.09.2014
Sales of goods	25.762.381,30	31.423.165,55
Sales Services-other income	457.694,53	220.498,56
Purchases	5.398.367,34	6.209.200,97
Reception - other expenses	191.229,12	157.451,87

Parent co transactions with other related parties
	01.01. -	01.01. -
	30.09.2015	30.09.2014
Sales of goods	15.925,00	878,05
Sales Services - Other Income	0,00	0,00
Purchases	0,00	7.724,12
Reception - other expenses	0,00	0,00
Transactions and Fees with managers
	01.01. -	01.01. -
	30.09.2015	30.09.2014
The Company	2.341.565,24	1.978.224,27
The Group	2.470.593,85	2.200.974,28

Group's transactions with other related parties	01.01. -	01.01. -

	30.09.2015	30.09.2014
Sales of goods	11.925,00	3.084,70
Sales Services - Other Income	21.453,00	10.698,01
Purchases	2.339.769,00	2.499.031,82
Reception - other expenses	18.235,00	18.442,26
	Balance as at the end of the period
	30.09.2015	31.12.2014
The Company

From subsidiaries
Requirements	87.946.630,42	56.629.431,90
Obligations	226.730.978,49	221.542.134,64

From other related parties
Requirements	47.165,43	40.411,54
Obligations	0,00	0,00

by executives
Requirements	0,00	0,00
Obligations	0,00	0,00

The Group

From other related parties
Requirements	342.537,43	40.411,54
Obligations	768.435,00	1.064.194,86

by executives

Requirements	0,00	41.793,16

24 Probable Obligations and unavoidable commitments

The Group companies have transferred to third parties to secure letters of contingent liabilities of the Group for those parts which are not reflected in the consolidated balance sheet.

The Company has guaranteed loans to its subsidiaries have concluded, totaling € 236 mil. approximately. No other restrictions on ownership or transfer or other charges on assets owned by the Group. The assets acquired through financial leases remain the property of third until the expiration of the contract and repay the obligation.

25 Number of Employed Personnel

On 30.09.2015 the Group employed 4.963 employees versus 4.894 employees on 30.09.2014. The respective figures for the company are 1.104 versus 1.153 employees.

26 Post Balance Sheet Events

There are no events that occurred after 30 th September 2015 which could have a significant influence on the financial position and results of the Group and the Company on 30 th September 2015.

Dimitrios Koutsolioutsos Georgios Koutsolioutsos ID Card No. ΑΚ- 031337 ID Card No. ΑΒ-593469

THE CHAIRMAN OF THE BOARD THE CHIEF EXECUTIVE OFFICER

DEPUTY CEO & GENERAL MANAGER Emmanouil Zachariou ID Card No. Τ-005560

CHIEF FINANCIAL OFFICER CHIEF ACCOUNTANT Fragiskos Gratsonis Georgios Alavanos ID Card No. AB-017181 ID Card No. ΑΙ-518859

Lic. No. ΟΕΕ 0008211 A CLASS

				FOLLI FOLLIE GROUP SA

	General Commercial Registry Number: 3027701000 (previous Registration No:14216/06/B/86/06)
				23rd Km Athens - Lamia 145 65 Ag.Stefanos Financial Data and Information for the Period
				January 1st, 2015 - September 30th, 2015
				According to 4/507/28.4.2009 resolution of Greek Capital Committee
					The following data and information that result from Financial statements aim to provide a general briefing for the financial position and the results of operations of FOLLI FOLLIE S.A, with trade mark "FF GROUP",and the Group. It is therefore recommended, to any reader, before proceeding to any kind of investment decision or other transaction with the Company, to visit Company's web site, where the Financial Statements are posted, as well as the relevant Certified Auditors
Review Report whenever that is required by the law.

Company Information					Members of the Board Directors:
Supervisory Authority:		MINISTRY OF DEVELOPMENT/General Secretariat of Commerce,			Chairman - Executive Member	Dimitris koutsolioutsos
Website address:	http://www.ffgroup.com				Vice President - Executive Member	Kaiti koutsolioutsos
Financial Statements' approval date by the BoD	25 November 2015				Managing Director - Executive member	George koutsolioutsos
					Deputy Managing Director & General Manager, Executive Member	Emmanouil Zachariou
					Executive Member	Eirini Nioti
					Non-Executive Member Non-Executive Member	Jiannong Qian Elias Koukoutsas
					Non-Executive Member Non-Executive Member	Elias Kouloukountis Zacharias Μantzavinos
					Independent non-Executive Member Independent non-Executive Member	Epaminondas Dafermos Georgios Aronis


	DATA FROM STATEMENT OF FINANCIAL POSITION (consolidated and non consolidated) amounts in €					CASH FLOW STATEMENT (consolidated and non consolidated) amounts in €
	The Group 30.09.2015	31.12.2014	The Company 30.09.2015	31.12.2014	2nd Alternate: Indirect method
						The Group		The Company
ASSETS Property, Plant & Equipment	190.446.035,59	185.779.347,36	45.726.095,25	47.782.940,21				01.01. - 30.09.2015 01.01. - 30.09.2014 01.01. - 30.09.2015 01.01. - 30.09.2014
					Cash Flows related to Operating Activities
Investment Property	75.213.221,90	76.038.010,41	75.213.221,90	76.038.010,41	Net Profit before taxes (Continuing operations)	140.782.974,61	138.213.819,91	-12.377.763,60	1.395.374,93
Intangible assets	136.147.036,45	106.226.801,59	42.021.899,38	42.415.957,21	Net Profit before taxes (Non - Continuing operations)	0,00	0,00	0,00	0,00
Participations	4.063.782,34	659.948,73	214.911.112,42	206.449.961,86	Adjustments
Other non-current assets Inventories	226.488.831,05 469.950.280,21	237.004.669,50 366.558.622,52	130.385.262,65 41.731.769,07	155.101.485,34 35.799.923,84	Depreciation and Amortisation Provisions	20.543.987,56 2.914.438,27	14.858.957,09 1.151.320,07	4.462.511,57 2.430.873,00	4.276.908,28 127.469,25
Trade Receivables Other current assets	493.779.918,37 443.876.177,82	533.812.508,45 463.519.889,62	65.053.749,22 134.727.434,09	67.575.884,05 194.440.500,58	Exchange differences Results (income, expenses, gains and losses) from investing activities	69.464.650,38 -1.057.580,49	18.258.090,42 -3.579.881,08	0,00 -795.447,54	0,00 -8.968.076,35
TOTAL ASSETS	2.039.965.283,73	1.969.599.798,17	749.770.543,98	825.604.663,50	Interest and related expenses	9.490.581,44	10.462.135,00	8.154.509,64	8.368.345,71
					Adjustments related to working capital or other operating activities	0,00	0,00	0,00	0,00

					Decrease/(increase) of Inventories	-105.591.314,11	-78.361.783,55	-5.931.845,23	-7.990.816,46
					Decrease/(increase) of Receivables Increase/(decrease) of payable accounts (except Banks)	2.930.482,19 -47.176.572,94	-46.989.697,23 15.857.992,48	-15.435.658,47 -16.462.058,71	-388.913,07 -20.603.478,77
					Minus Interest paid and similar expenses	-3.693.262,26	-9.216.492,59	-2.250.000,00	-6.726.293,37
EQUITY AND LIABILITIES					Income Tax paid Cash Flows from Non - Continuing operations	-40.137.991,99 0,00	-3.984.654,81 0,00	-3.736.265,84 0,00	0,00 0,00
Share capital Other components of equity	20.084.463,00 1.435.577.954,44	20.084.463,00 1.313.973.208,73	20.084.463,00 415.942.227,13	20.084.463,00 480.292.090,10	Net cash inflows/(outflows) from Operating Activities (a) Investing Activities	48.470.392,66	56.669.805,71	-41.941.145,18	-30.509.479,85
Total equity attributable to owners of the Parent (a)	1.455.662.417,44	1.334.057.671,73	436.026.690,13	500.376.553,10	Purchases of subsidiaries, associates and other investments	-29.769.999,95	-13.462.488,77	-8.461.150,34	-4.069.607,76
Non controlling interests (b) Total Equity (c) = (a)+(b)	27.869.851,18 1.483.532.268,62	26.799.057,11 1.360.856.728,84	0,00 436.026.690,13	0,00 500.376.553,10	Acquisition of minorities Proceeds from the sale of Travel Retail activity	0,00 0,00	0,00 0,00	0,00 0,00	0,00 0,00
Long-term borrowings Provisions / Other long terms liabilities	313.723.509,69 37.592.776,39	304.343.050,12 43.908.263,12	246.433.629,65 32.675.465,02	241.921.726,69 35.163.029,08	Adjustments related to the sale of Travel Retail activity Purchases of tangible and intangible assets	0,00 -51.836.861,29	0,00 -36.141.426,32	0,00 -1.302.970,57	0,00 -2.561.994,79
Short-term borrowings Other current liabilities	29.796.482,43 175.320.246,60	46.793.826,94 213.697.929,14	1.841.408,08 32.793.351,10	1.877.732,91 46.265.621,72	Proceeds from sale of tangible and intangible assets Interest received	1.521.580,69 1.576.771,10	387.113,63 3.410.278,20	22.523,23 359.841,62	2.439,02 2.259.131,25
Total liabilities (d) TOTAL EQUITY AND LIABILITIES (c) + (d)	556.433.015,11 2.039.965.283,73	608.743.069,32 1.969.599.798,17	313.743.853,85 749.770.543,98	325.228.110,40 825.604.663,50	Dividends received Proceeds from sale of financial assets	0,00 -1.752.662,75	0,00 -3.958.143,24	0,00 -1.752.928,05	487.714,49 -3.958.775,58
					Decrease/(increase) of other long-term receivables	-11.929.327,04	-166.981,76	11.684,49	55.900,23
					Investing Activities from Non- Continuing operations Net cash inflows/(outflows) from Investing Activities (b)	0,00 -92.190.499,24	0,00 -49.931.648,26	0,00 -11.122.999,62	0,00 -7.785.193,14
					Financing Activities Capital increase	0,00	0,00	0,00	0,00
Additional notes and information:					Proceeds from Loans Proceeds from leases	17.218.797,48 2.208.628,05	274.927.268,19 0,00	0,00 0,00	255.000.000,00 0,00
					Payment of Loans Payments for leases	-22.628.862,83 -3.696.135,92	-183.046.396,93 -2.087.959,23	0,00 -1.428.953,75	-145.571.253,58 -1.288.959,80
1. In the Note 1.1 of the financial statements are mentioned a. The name and country of the registered office of each of the companies included in the consolidated financial statements for the Period 01.01.2015 – 30.06.2015 , and the percentage with which the company participated, directly or indirectly, in their equity and b. The consolidation method applied for each company included in the consolidated financial statements for the statements for the Period 01.01.2015 – 30.06.2015 2. The unaudited fiscal years of the parent company					Own Stock Expenses related to capital increase	-4.220.778,32 -145.971,73	-4.198.997,09 0,00	-4.220.778,32 -145.971,73	-4.198.997,09 0,00
and its subsidiaries are listed in Note E of the financial statements. 3. The number of employees by the Group as of 30.06.2015 amounted to 4.990 and the respective number for the Company was 1,151. On 30.06.2014 amounted to 4.820 employees for the Group and 1.138 for the Company. 4. In the financial statements are included the following provisions in total: a) For the Group provisions for unaudited tax years amounting to € 237th. , provision for staff compensation € 3.417th., litigations €1.123 thousand, and other provisions					Dividends paid / Return capital	-21.962.578,77 0,00	-51.189.550,52 0,00	-19.981.978,77 0,00	-50.211.157,50 0,00
amounting to € 2.774th. b) The Company provisions for unaudited tax years amounting to € 211th., provision for staff compensation € 1.934th. , litigations € 1.123th. And other provisions € 2.548th. 5. On June 30, 2015 the Company held 400.900 own shares. 6. The amounts mentioned in "Other comprehensive income / expenses after taxes" are as following: For the Company an amount of € 1,233th. refers to valuation loss on available for sale financial assets, an amount of € 837th. refers to Financial instruments valuation					Financing Activities from Non - Continuing operations Net cash inflows/(outflows) from Financing Activities (c)	-33.226.902,04	34.404.364,42	-25.777.682,57	53.729.632,03
profit and finally amount € 162th. refers to expense from deferred income tax, relating to components of comprehensive income. For the Group, an amount of € 2.597th. refers to valuation loss on available for sale financial assets , an amount of € 616th. refers to financial instruments valuation profit, an amount of € 76,314th. refers to foreign exchange differences (profit) on translating foreign holdings and finally an amount of € 162th. refers to expense from deferred income tax relating to components of other comprehensive					Net increase / (decrease) in cash and cash equivalents	-76.947.008,62	41.142.521,87	-78.841.827,37	15.434.959,04
income. 7. In the present financial statements include the newly acquired company, 1 August 2015, FF Cosmetics SA (former Shiseido Hellas SA) . 8. All transactions (inflows and outflows) from the beginning of the year, as well as the balances of receivables and payables at the end of the period of the Group and the Company, which have resulted from transactions with related parties as defined to IAS 24 are as					(a) + (b) + (c)
following:					Cash and cash equivalents at beginning of the Year	297.032.823,27	251.584.195,30	146.752.090,49	134.500.088,67
					Cash and cash equivalents at end of the Year	220.085.814,65	292.726.717,17	67.910.263,12	149.935.047,71
						DATA FROM STATEMENT OF CHANGES IN EQUITY (consolidated and non consolidated) amounts in €
						The Group 30.09.2015	30.09.2014	The Company 30.09.2015	30.09.2014

					Equity Opening Balance ( 01.01.2015 and 01.01.2014 respectively) Total comprehensive income net of tax	147.960.817,26	1.360.856.728,84 1.183.431.505,53 152.401.921,65	500.376.553,10 -39.983.112,92	561.210.664,42 -12.191.643,28
					Minority interest resulted from Subsidiaries' rates change Dividends payable	0,00 -6.729.843,06	154.410,23 -978.393,27	0,00 -6.729.843,06	0,00 0,00
					Other Movements	-14.334.656,10	-50.763.588,30	-13.416.128,67	-50.763.485,25
					Purchase / Sale of own shares Equity Closing Balance ( 30.09.2015 and 30.09.2014 respectively)	-4.220.778,32	-4.198.997,09 1.483.532.268,62 1.280.046.858,74	-4.220.778,32 436.026.690,13	-4.198.997,09 494.056.538,80
amounts in thousands.000	The Group	The Company
A) Income B)Expenses	37,38 2.358,00	26.236,00 5.589,00
C) Receivables D) Payables	342,54 768,44	87.993,80 226.730,98
E) Directors' and members' of the Board of the Directors transactions and fees F) Receivables from the Directors' and the members' of the BoD	2.470,59 0,00	2.341,57 0,00

C. Information for the period January 1 st to September 30 th 2015

G) Payables to the Directors' and the members' of the BoD 0,09 0,00

	DATA FROM STATEMENT OF COMPREHENSIVE INCOME
	(consolidated and non consolidated) amounts in €
	The Group			The Company
		01.01. - 30.09.2015 01.01. - 30.09.2014		01.01. - 30.09.2015 01.01. - 30.09.2014		Agios Stefanos, November 25th, 2015
		Continuing operations Continuing operations		Continuing operations Continuing operations
Turnover	875.471.115,81	723.977.420,06	117.070.507,91	116.701.761,99		THE CHIEF EXECUTIVE OFFICER
Gross Profit	399.564.915,10	351.874.442,20	49.284.262,41	50.465.685,59	THE CHAIRMAN OF THE BOARD	Georgios Koutsolioutsos	DEPUTY CEO & GENERAL MANAGER
Profit before tax, financial and investing results (EBIT)	154.557.568,25	146.551.689,07	-1.856.895,29	1.510.091,15	Dimitrios Koutsolioutsos ID Card No. ΑΚ- 031337	ID Card No. ΑΒ-593469	Emmanouil Zachariou ID Card No. Τ-005560
Profit/Loss (before the tax) Profit / Loss after tax (A)	140.782.974,61 106.371.056,22	138.213.819,91 97.547.577,42	-12.377.763,60 -16.532.158,99	1.395.374,93 -9.420.935,16
Attributable to :
Shareholders of the parent company	104.239.953,73	95.274.004,21	-16.532.158,99	-9.420.935,16
Non controlling interests	2.131.102,49	2.273.573,21	0,00	0,00
Total	106.371.056,22	97.547.577,42	-16.532.158,99	-9.420.935,16

Other comprehensive income / expenses net of tax (Β) Total comprehensive income net of tax (A) + (Β)	41.589.761,04 147.960.817,26	54.854.343,52 152.401.920,94	-23.450.953,93 -39.983.112,92	-2.770.708,12 -12.191.643,28
Attributable to :
Shareholders of the parent company	145.817.449,51	150.128.347,73	-39.983.112,92	-12.191.643,28		CHIEF FINANCIAL OFFICER	CHIEF ACCOUNTANT Georgios Alavanos
Non controlling interests	2.143.367,75	2.273.573,21	0,00	0,00		Fragiskos Gratsonis	ID Card No. ΑΙ-518859 Lic. No. ΟΕΕ 0008211 A CLASS
Total	147.960.817,26	152.401.920,94	-39.983.112,92	-12.191.643,28		ID Card No. AB-017181
Basic Earnings/losses (after tax) per share(expressed in €)	1,5658	1,4243	-0,2483	-0,1409
Proposed dividend €
Profit before taxes, financing and investing results , depreciation and	175.101.555,81	161.410.646,16	2.605.616,28	5.786.999,43
amortisation (EBITDA)
	The Group			The Company
		01.07. - 30.09.2015 01.07. - 30.09.2014		01.07. - 30.09.2015 01.07. - 30.09.2014

		Continuing operations Continuing operations		Continuing operations Continuing operations
Turnover	281.204.746,06	244.958.406,26	41.760.825,88	47.453.335,93
Gross Profit	121.411.032,46	113.778.619,38	17.776.704,55	19.667.390,81
Profit before tax, financial and investing results (EBIT)	41.365.331,62	40.002.938,21	716.673,80	1.822.289,46
Profit/Loss (before the tax)	44.795.277,26	45.046.589,99	5.745.804,46	7.474.039,86
Profit / Loss after tax (A) Attributable to :	31.440.609,25	29.999.353,57	6.305.484,11	728.181,75
Shareholders of the parent company	31.043.680,32	29.312.853,34	6.305.484,11	728.181,76
Non controlling interests	396.928,93	686.500,22	0,00	0,00
Total	31.440.609,25	29.999.353,56	6.305.484,11	728.181,76

Other comprehensive income / expenses net of tax (Β)	-32.551.212,21	43.797.639,54	-25.329.109,40	-14.274.112,47
Total comprehensive income net of tax (A) + (Β) Attributable to :	-1.110.602,96	73.796.993,11	-19.023.625,29	-13.545.930,72
Shareholders of the parent company	-1.512.158,49	73.110.631,74	-19.023.625,29	-13.545.930,71
Non controlling interests	401.555,53	686.361,36	0,00	0,00
Total	-1.110.602,96	73.796.993,10	-19.023.625,29	-13.545.930,71

Basic Earnings/losses (after tax) per share(expressed in €) Proposed dividend €	0,4666	0,4382	0,0946	0,0108
Profit before taxes, financing and investing results , depreciation and
amortisation (EBITDA)	46.980.715,65	44.913.811,27	2.178.042,46	3.128.258,96

AI Terminal

Folli Follie S.A.

2684_10-q_2015-11-26_d3718a90-2c72-49be-8c3e-28977b0c5323.pdf