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Intralot S.A.

Quarterly Report Oct 5, 2015

2695_ir_2015-10-05_47dac63d-280a-4eb6-9001-daafdfe6da3e.pdf

Quarterly Report

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1. CONDENSED BALANCE SHEET GROUP / COMPANY 2. CONDENSED INCOME STATEMENT GROUP / COMPANY

30/06/2006 31/12/2005 30/06/2006 31/12/2005 01/01-30/06/2006 01/01-
30/06/2005
Inventories 18.872 13.307 14.761 10.901
LIABILITIES
Short-term Borrowing and Current Portion of L-T Debt 18.463 21.097 6.960 10.000
Total Equity (b) 207.109 201.239 131.268 119.622

4. CONDENSED CASH FLOW STATEMENT COMPANY / GROUP

Sypplementary information Net Profit before Taxation

COMPANY BASE PARTICIPATION Subsidiary of the company:
PERCENTAGE
Debit Interest and similar expenses
INTRALOT SA Maroussi Parent 1: Intralot Betting Operations (Cyprus) Ltd Credit Interest
Plus/ Less adjustments of working capital to net cash or related
to operating activities:
BETTING COMPANY SA*** N. Hiraklion 100% 2: Intralot Holdings International Ltd
INTRALOT DE CHILE SA* Santiago, Chile 99,99% 3: Bilot EOOD
INTRALOT DE PERU SAC* Lima, Peru 99,98% 4: Eurofootball Ltd Increase/Decrease of Inventories
INTRALOT INC.* Atlanta, USA 85% 5: Intralot International Ltd Increase/Decrease of Receivable Accounts
INTRALOT BETTING OPERATIONS (CYPRUS) LTD* Nicosia, Cyprus 54,95% 6: Pollot Sp.Zoo Increase/Decrease of Payable Accounts (except Banks)
1. ROYAL HIGHGATE LTD**
POLLOT Sp.zoo
Paralimni, Cyprus
Warsow, Poland
53,47%(& 3,24%
100%
7: White Eagle Investments Ltd
8: Instant Lottery SA
(Less):
ΜALTCO LOTTERIES LTD* Valetta, Malta 73% 9: Atropos SA Interest Paid and similar expenses paid
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD* Nicosia, Cyprus 100% 10: AEDIL SA Income Tax Paid
2. LOTROM SA** Bucharest,Romania 60% 11:Betarial Sp.Zoo
2. YUGOLOT LTD** Belgrade, Serbia& 100%
Montenegro 12: Uniclic Ltd Net Cash from Operating Activities (a)
2. BILOT EOOD** Sofia, Bulgaria 100% 13: Betting Company SA Investing Activities
3. EUROFOOTBALL LTD** Sofia, Bulgaria 49%
4. EUROFOOTBALL PRINT LTD** Sofia, Bulgaria 100% * Companies with direct participation Purchases of subsidiaries, associates and other investments
2. INTRALOT INTERNATIONAL LTD** Nicosia, Cyprus 100% ** Companies with indirect participation Purchases of tangible and intangible assets
5. INTRALOT OPERATIONS LTD** Nicosia, Cyprus 100% ***Companies with direct and indirect participation Proceeds from sales of tangible and intangible assets
2. INTRALOT BUSINESS DEVELOPMENT LTD** Nicosia, Cyprus 100% Interest received
2. INTRALOT TECHNOLOGIES LTD** Nicosia, Cyprus 100% Dividends received
INTELTEK INTERNET AS* Istanbul, Turkey 45%
LOTERIA MOLDOVEI SA* Chisinau, Moldova 47,90%
6,7,1 TOTOLOTEK SA** Warsow, Poland 54% Net Cash from Investing Activities (b)
2. WHITE EAGLE INVESTMENTS LTD** Hertfordshire, United
Kingdom
100% Financing Activities
7. BETA RIAL Sp.Zoo** Warsow, Poland 100% Cash inflows from loans
12. YUVENGA CJSC** Moscow, Russia 49% Repayment of Loans
2. UNICLIC LTD** Nicosia, Cyprus 50% Dividends paid
12. DOWA LTD** Nicosia, Cyprus 60%
INTRALOT NEW ZEALAND LTD* Wellington, New Zealand 100%
13. BETTING CYPRUS LTD** Nicosia, Cyprus 100% Net Cash from Financing Activities ©
2. INTRALOT EGYPT LTD** Nicosia, Cyprus 88,24% Net increase / (decrease) in cash and cash equivalents for the
2. YUGOBET LTD** Belgrade, Serbia&
Montenegro
100% Cash and cash equivalents at the beginning of the year
II. Equity Method Exchange rate differences from the conversion of Cash
Equivalents
Cash and cash equivalents at the end of the year
INSTANT LOTTERY SA* Maroussi 48,17%
8. ATROPOS SA*** Maroussi 100%
8,9. AEDIL SA** Maroussi 100%
9,10. BEST NET Co** Maroussi 100%
BILYONER INTERAKTIF HIZMELTER AS* Istanbul, Turkey 25%
GROUP COMPANY GROUP GROUP COMPANY COMPANY
01/01-30/06/2006 01/01- 01/04- 01/04- 01/01- 01/01- 01/04- 01/04-
30/06/2006 31/12/2005 30/06/2006 31/12/2005 30/06/2005 30/06/2006 30/06/2005 30/06/2006 30/06/2005 30/06/2006 30/06/2005
ASSETS Sale Proceeds 381.967 211.233 202.170 108.551 106.712 49.685 65.401 23.801
Less: Cost of Sales -223.819 -110.258 -125.636 -54.796 -35.911 -18.215 -18.966 -7.450
Tangible Assets 219.437 156.562 163.004 90.259 Gross Profit 158.148 100.975 76.534 53.755 70.801 31.470 46.435 16.351
Inventories 18.872 13.307 14.761 10.901
Accounts Receivable 109.807 98.088 118.202 90.266 Other Income 1.116 1.888 -4.290 1.714 48 1.055 6 1.006
Other assets 189.824 157.326 27.831 21.398 Selling Expenses -20.598 -15.046 -12.915 -9.014 -4.041 -1.831 -2.193 -912
TOTAL ASSETS 537.940 425.283 323.798 212.824 Adimninstrative Costs -20.785 -13.759 -11.427 -7.104 -6.682 -3.110 -3.756 -1.555
Research and Development Costs -4.575 -1.796 -2.554 -911 -4.575 -1.847 -2.554 -911
Other Operating Expenses -531 -561 387 -282 0 0 0 0
EBIT 112.775 71.701 45.735 38.158 55.551 25.737 37.938 13.979
LIABILITIES
Long-term Debt 153.377 47.962 99.145 5.575 EBITDA 122.716 78.978 50.928 42.908 59.087 27.248 39.739 14.723
Short-term Borrowing and Current Portion of L-T Debt 18.463 21.097 6.960 10.000
Other Short-term Liabilities 158.991 154.985 86.425 77.627 Interest and similar charges -6.854 -2.089 -1.879 -1.147 -2.436 -647 -930 -381
Total Liabilities (a) 330.831 224.044 192.530 93.202 Interest and related income 8.703 3.829 4.894 2.206 10.638 13.263 10.440 13.098
Shareholders´ Equity 143.917 154.366 131.268 119.622 Exchange differences -551 6.112 -309 2.087 -1.182 2.273 -914 1.348
Minority Interest 63.192 46.873 0 0 Operating Profit before Tax 114.073 79.553 48.441 41.303 62.571 40.626 46.534 28.044
Total Equity (b) 207.109 201.239 131.268 119.622
TOTAL EQUITY AND LIABILITIES (A) + (B) 537.940 425.283 323.798 212.824 Less Taxes: -29.327 -22.100 -7.141 -15.514 -17.267 -12.253 -11.061 -6.532
Net Profit 84.746 57.453 41.300 25.789 45.304 28.373 35.473 21.512
3. CONDENSED STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY
GROUP COMPANY Attributable to:
30/06/2006 30/06/2005 30/06/2006 30/06/2005 Equity holders of the parent 55.238 36.557 31.273 18.299 45.304 28.373 35.473 21.512
Net equity of period Opening Balance (1.01.2006 and 201.239 132.280 119.622 111.639
1.01.2005 respectively) Minority Interest 29.508 20.896 10.027 7.490 0 0 0 0
Adjustments in Equity as at 01.01.2005 0 -1.581 0 -7.138
Dividends Distributed -40.927 -36.204 -35.386 -30.345 Earnings after taxes per share
Net Amounts Effected Directly Equity -37.949 7.694 1.728 -357 basic (€) 0,71 0,47 0,40 0,23 0,58 0,37 0,45 0,28
Profit for the year after taxes 84.746 57.453 45.304 28.373 diluted (in €) 0,71 0,47 0,40 0,23 0,58 0,37 0,45 0,28

Audit Company : SOL S.A Type of Auditor's Report: Unqualified - Emphasis of matters Condensed Financial Statements, as they are prepared according to IFRS, are posted, accompanied with the Auditors Opinion, where it is necessary. The following Condensed Financial Statements have been approved by the Company's Board of Directors at August 28, 2006. All following data and information aim to provide a general briefing for the financial position and the results of INTRALOT Group. Therefore, it is recommended to any reader who is willing to procced to any kind of investment decision or transaction, to visit INTRALOT web site (www.intralot.com) where the Interim

(Former LIBERO INTERAKTIF AS)

3. CONDENSED STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY
GROUP COMPANY Attributable to:
Net equity of period Opening Balance (1.01.2006 and 201.239 132.280 119.622 111.639
1.01.2005 respectively)
Adjustments in Equity as at 01.01.2005 0 -1.581 0 -7.138
Dividends Distributed -40.927 -36.204 -35.386 -30.345 Earnings after taxes per share
Net Equity of period Closing Balance (30/06/2006 and
30/06/2005 respectively)
207.109 159.642 131.268 102.172

THE CHAIRMAN OF THE BOARD OF DIRECTORS THE VICE-CHAIRMAN OF THE BOARD OF DIRECTORS THE GENERAL DIRECTOR OF FINANCE THE ACCOUNTING DIRECTOR AND CEO AND BUSINESS DEVELOPMENT E.N. LANARA S.P. KOKKALIS C.G. ANTONOPOULOS I. O. PANTOLEON ID.No. Λ 682542 ID. No. Π 695792 ID. No. M 102737 ID. No. Σ 637090 H.E.C. License No. 133/A' Class

  1. The same accounting policies and methods of computation have been followed as compared with the previous year's annual consolidated financial statements (December 31, 2005).
30/06/2005 respectively) GROUP COMPANY
1/1-30/06/2006 1/1-30/06/2005 1/1-30/06/2006 1/1-30/06/2005
Operating Activities
Sypplementary information Net Profit before Taxation 114.073 79.553 62.571 40.626
Plus /Less adjustments for:
1. The companies included in the consolidation, with the relevant addresses and the relevant participation percentages are the following: Depreciation and Amortization 9.941 7.277 3.535 1.511
Provisions 15.899 -104 70 -18
Profit from sales of tangible and intangible assets 0 -21 0 -40
I. Full Consolidation Results from Investing Activities 4.410 0 938 0
144.323 86.705 67.114 42.079
COMPANY BASE PARTICIPATION
PERCENTAGE
Subsidiary of the company:
Debit Interest and similar expenses 6.854 2.089 2.436 647
INTRALOT SA Maroussi Parent 1: Intralot Betting Operations (Cyprus) Ltd Credit Interest -8.703 -3.829 -10.638 -13.263
Plus/ Less adjustments of working capital to net cash or related
BETTING COMPANY SA*** N. Hiraklion 100% 2: Intralot Holdings International Ltd to operating activities:
INTRALOT DE CHILE SA* Santiago, Chile 99,99% 3: Bilot EOOD
INTRALOT DE PERU SAC* Lima, Peru 99,98% 4: Eurofootball Ltd Increase/Decrease of Inventories -5.565 -17.530 -3.859 -6.010
INTRALOT INC.* Atlanta, USA 85% 5: Intralot International Ltd Increase/Decrease of Receivable Accounts -11.786 -41.167 -27.179 -2.697
INTRALOT BETTING OPERATIONS (CYPRUS) LTD* Nicosia, Cyprus 54,95% 6: Pollot Sp.Zoo Increase/Decrease of Payable Accounts (except Banks) -17.955 -9.203 -2.819 -12.897
ROYAL HIGHGATE LTD*** Paralimni, Cyprus 53,47%(& 3,24% 7: White Eagle Investments Ltd
POLLOT Sp.zoo* Warsow, Poland 100% 8: Instant Lottery SA (Less):
ΜALTCO LOTTERIES LTD* Valetta, Malta 73% 9: Atropos SA Interest Paid and similar expenses paid 6.855 2.246 2.436 647
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD* Nicosia, Cyprus 100% 10: AEDIL SA Income Tax Paid 29.301 8.884 5.887 6.240
LOTROM SA** Bucharest,Romania 60% 11:Betarial Sp.Zoo
YUGOLOT LTD** Belgrade, Serbia& 100% 12: Uniclic Ltd Net Cash from Operating Activities (a)
Montenegro Investing Activities 71.012 5.935 16.732 972
BILOT EOOD** Sofia, Bulgaria 100% 13: Betting Company SA
EUROFOOTBALL LTD
EUROFOOTBALL PRINT LTD
Sofia, Bulgaria
Sofia, Bulgaria
49%
100%
* Companies with direct participation Purchases of subsidiaries, associates and other investments -72.586 -3.686 -73.248 -168
INTRALOT INTERNATIONAL LTD** Nicosia, Cyprus 100% ** Companies with indirect participation Purchases of tangible and intangible assets -24.360 -8.520 -2.763 -3.953
INTRALOT OPERATIONS LTD** Nicosia, Cyprus 100% ***Companies with direct and indirect participation Proceeds from sales of tangible and intangible assets 49 84 0 69
INTRALOT BUSINESS DEVELOPMENT LTD** Nicosia, Cyprus 100% Interest received 8.877 3.825 10.638 438
INTRALOT TECHNOLOGIES LTD** Nicosia, Cyprus 100% Dividends received 0 0 0 12.825
INTELTEK INTERNET AS* Istanbul, Turkey 45%
LOTERIA MOLDOVEI SA* Chisinau, Moldova 47,90%
6,7,1 TOTOLOTEK SA** Warsow, Poland 54% Net Cash from Investing Activities (b) -88.020 -8.297 -65.373 9.211
WHITE EAGLE INVESTMENTS LTD** Hertfordshire, United
Kingdom
100% Financing Activities
BETA RIAL Sp.Zoo** Warsow, Poland 100% Cash inflows from loans 107.819 10.355 90.459 5.000
YUVENGA CJSC** Moscow, Russia 49% Repayment of Loans -3.897 -3.988 0 0
UNICLIC LTD** Nicosia, Cyprus 50% Dividends paid -40.927 -36.204 -35.385 -30.345
DOWA LTD** Nicosia, Cyprus 60%
INTRALOT NEW ZEALAND LTD* Wellington, New Zealand 100%
BETTING CYPRUS LTD** Nicosia, Cyprus 100% Net Cash from Financing Activities © 62.995 -29.837 55.074 -25.345
INTRALOT EGYPT LTD** Nicosia, Cyprus 88,24% Net increase / (decrease) in cash and cash equivalents for the 45.987 -32.199 6.433 -15.163
YUGOBET LTD** Belgrade, Serbia& 100% Cash and cash equivalents at the beginning of the year 157.326 134.977 21.398 26.586
II. Equity Method Montenegro Exchange rate differences from the conversion of Cash
Equivalents
-13.489 4.210 0 0
Cash and cash equivalents at the end of the year 189.824 106.988 27.831 11.423
  1. The companies that included in the consolidation of 30/06/2006 and not in the consolidation of 30/06/2005 are the following: INTRALOT NEW ZEALAND LTD, BILYONER INTERAKTIF HIZMELTER AS, UNICLIC LTD, DOWA LTD, YUVENGA CJSC, INTRALOT EGYPT LTD, YUGOBET LTD, BETTING COMPANY CYPRUS LTD

9.There are no legal issues with material effect on the financial position of the Group.

  1. The company has not undergone tax authorities fiscal control for the last one to two years, while the rest companies that are included in the consolidation have not undergone tax authorities fiscal control for the last one to five fiscal years.

  2. There are no real liens.

  3. The Liabilities account "Other Short-term Liabilities" by Euro 29,5 approximately millions represents provision for contingent cost excess concerning betting games at pre-determined yield.

Maroussi, August 28, 2006.

  1. Following the share option, during 2005, the share capital was increased by € 26.125,7 with the issue of 70.610 shares with a nominal value of € 0.37 each. Payment of this amount was confirmed by the Board of Directors on 19.12.05 while the share capital increase and confirmation of this amount were approved by decisions K2-16475/2-1-2006 and K2- 16476/2-1-2006 of the Ministry of Development.

  2. The group acknowledges as income annualized during contract duration, the income that results from the equipment handed over to customers in those cases where these are part of the income resulting from games operation contracts.The effect of the adjustment between the comparatives of the previous period in relation with the relevant amounts that were published at 30/06/2005 comes up, for the consolidated revenues and the equity, to the amounts of 5.3 and 6.9 mil € respectively, while the respective amounts which concern the parent company come up to the amounts of 3.2 and 10.3 mil € respectively.

  3. The personnel employed of the Company and the Group as at the end of the current period is 369 and 2.902 respectively.

  4. The company holds dominant influence in Loteria Moldovei Sa, and for that purpose Loteria Moldovei Sa is consolidated with the Full Consolidation Method. Also, Inteltek Internet AS is included in the consolidation with the Full Consolidation Method, since the Group holds dominant influence in the company's financing and operating activities, as well as in the determination of its internal procedures. Furhermore the Group has access in the company's accounting books and other information.

  5. The amounts of Sales and Purchases, of goods and services, accumulated from the opening balance of the period, as well as the receivables and payables balances for the period ended June 30, 2006 to and from the related parties according to IAS 24, come up for the Group to the amounts of € 2.538 thousands, € 11.968 thousands, € 31.788 thousands and € 33.646 thousands respectively and for the company to the amounts of € 94.297 thousands., € 16.925 thousands., € 109.874 thousands and € 39.808 thousands, respectively.

amounts reported in thousands of€ Public Companies (S.A.) Reg. No. 27074/06/B/92/9

INTRALOT S.A.

INTEGRATED LOTTERY SYSTEMS AND SERVICES Notes and information of Group and Company for the period from 1 January 2006 until 30 June 2006

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