Earnings Release • Aug 29, 2013
Earnings Release
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10ς Όροφος, Γραφείο 102 6051, Λάρνακα Τηλ:24-66192, Φαξ:24662464
August 29, 2013
÷,
We wish to inform you that, at the meeting held on August 29th 2013, the Board of Directors of CPI Holdings Public Ltd examined and approved the Unaudited Interim Condensed Consolidated Financial Statements for the six months ended 30 June 2013
The Financial Statements have been prepared in accordance with the requirements of the Cyprus Companies Law, Cap.113, and of the Cyprus Securities and Stock Exchange Laws and Regulations
The Condensed Consolidated Income Statement with the Interim Management Statement for the six months ended June 30, 2012 will be published on August 30th 2013 in the newspaper " Politis".
Copies will not be posted to the shareholders but will be available free of charge at the Company's registered office, Spyros Kyprianou 57, Office 102, 6051 Larnaca, tel 24661192 and in electronic format at the Cyprus Stock Exchange website www.cse.com.cy.
A.L. Prochoice Secretarial Services Ltd Secretary
For the period ended 30 June 2013
| 30/06/2013 | 30/06/2012 | |
|---|---|---|
| € | € | |
| Rents Receivable | 22.080 | 25.957 |
| Other Income | 589 | |
| Gain $/$ (Loss) on sale investments | (144.669) | (23.411) |
| Change in the market value of investments held for trading | 176.560 | 24.640 |
| Interest receivable | 164.112 | 158.262 |
| Total Income | 218.672 | 185.448 |
| Expenses | ||
| Administration expenses | (11.948) | (13.974) |
| Results from operating activity | 206.724 | 171.474 |
| Net Finance expenses | (196.264) | (177.210) |
| Loss before tax | 10.460 | (5.736) |
| Tax | ||
| Loss for the peirod | 10.460 | (5.736) |
As at 30 June 2013
| ASSETS Non-current assets |
30/06/2013 € |
31/12/2012 € |
|---|---|---|
| Investment property | 10.565.000 | 10.565.000 |
| Trades & others receivables | 12.491.406 | 12.232.129 |
| Deferred tax | 227.569 | 227.569 |
| 23.283.975 | 23.024.698 | |
| Current assets | ||
| Investments held for trading | 60.646 | 121.105 |
| Tax refundable | 371 | 371 |
| Trades & others receivables | 94.287 | 94.287 |
| Cash and cash equivalents | 3.674 | 3.530 |
| Current assets | 158.978 | 219.293 |
| Total assets | 23.442.953 | 23.243.991 |
| 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 | 11.596.398 | 11.585.938 |
| Total equity | 15.761.732 | 15.751.272 |
| Non – current liabilities | ||
| Long - tern loans | 2.172.244 | 2.877.444 |
| Deferred tax | 793.184 | 793.184 |
| 2.965.429 | 3.670.628 | |
| Current liabilities | ||
| Current position of long term loans | 3.957.362 | 3.056.030 |
| Tax due | 372.362 | 372.362 |
| Trade and others payables | 386.068 | 393.699 |
| Current liabilities | 4.715.792 | 3.822.091 |
| Total liabilities | 7.681.221 | 7.492.719 |
| Total liabilities and shareholders equity | 23.442.953 | 23.243.991 |
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