CPI Holdings Public LTD

CONSOLIDATED INCOME STATEMENT

For the year ended December 2012

	2012	2011
Notes	€	€
Rents Receivable	47.304	44.264
Other Income	1.741	-
Change in the market value of investments held for trading	(18.613)	(40.700)
Interest receivable	319.279	307.931
Total Income	349.711	311.495
Expenses
Provision for doubtful debts	(21385)	-
Administration expenses	(23.713)	(30.707)
Results from operating activity	304.613	280.788
Net Finance expenses	(395.741)	(375.975)
Loss before tax	(91.128)	(95.187)
Tax	(3.403)	(8.403)
Loss for the year	(94.531)	(103.590)

As at 31 December 2012
		2012	2011
	Notes	€	€
ASSETS Non-current assets
Investment property	10	10.565.000	10.565.000
Trades & others receivables	14	12.232.129	11.926.991
Deferred tax	13	227.569	227.569
		23.024.698	22.719.560

Current assets
Investments held for trading	12	121.105	122.504
Tax refundable		371	371
Trades & others receivables	14	94.287	94.287
Cash and cash equivalents	19	3.530	209.229
Current assets		219.293	426.391
Total assets		23.243.991	23.145.951
EQUITY AND LIABILITIES
Equity
Share capital		4.144.365	4.144.365
Difference from the conversion of share capital in euro		20.969	20.969
Reserves		11.585.938	11.680.469
Total equity	15	15.751.272	15.845.803
Non – current liabilities
Long - tern loans	16	2.877.444	4.401.063
Deferred tax	13	793.184	793.184
		3.670.268	5.194.247
Current liabilities
Current position of long term loans	16	3.056.030	1.345.837
Tax due	17	373.362	372.155
Trade and others payables	18	393.699	387.909
Current liabilities		3.822.091	2.105.901
Total liabilities		7.492.719	7.300.148
Total liabilities and shareholders equity		23.243.991	23.145.951