Display Art PLC — Annual Report 2013

Apr 30, 2014

PROFIT AND LOSS ACCOUNT

Year ended December 31, 2013

	2013 €	2012 €
Income	975,142	1,491,310
Cost of sales	(881,907)	(1,193,774)
Gross profit	93,235	297,536
Other income	24,580	257,700
Selling and distribution expenses	(161,626)	(238,179)
Administrative expenses Other expenses	(359,082) -	(384,172) (1,637,609)
Loss from operations	(402,893)	(1,704,724)
Finance cost	(98,678)	(115,237)
Loss before taxation	(501,571)	(1,819,961)
Taxation	(12,162)	22,672
Net loss for the year	(513,733)	(1.797.289)
Loss per share attributable to shareholders of
parent company (cent)	(3.80)	(13.31)

	2013	2012
ASSETS	€	€
Non current assets
Property, plant and equipment Financial assets available for sale Deferred taxation	5,043,451 21,580 106,858	5,276,445 21,580 106,858
	5,171,889	5,404,883
Current assets
Stock Trade and other amounts receivable Financial assets at fair value via the	937,079 1,023,456	968,811 1,347,226
results	215	215
Cash in hand and at bank	25,539	36,448
	1,986,289	2,352,700
Total assets	7,158,178	7,757,583
Equity and liabilities
Equity
Share capital Share premium Other reserves Accumulated losses Total equity	4,592,196 98,673 2,733,074 (3,081,346) 4,342,597	4,592,196 98,673 2,776,089 (2,567,613) 4,899,345
Non short term liabilities
Borrowing Liabilities from finance lease Deferred tax liabilities	176,889 12,550 613,331 802,770	219,468 26,865 560,136 806,469
Short term liabilities
Trade and other creditors Borrowing Liabilities from finance lease Current tax liabilities	786,090 1,208,747 17,081 893	671,613 1,362,253 17,156 747
Total liabilities	2,012,811 2,815,581	2,051,769 2,858,238
Total equity and liabilities	7,158,178	7,757,583