Ellinas Finance Public Company LTD

Earnings Release • Aug 2, 2013

ELLINAS FINANCE PUBLIC COMPANY LIMITED

CONSOLIDATED INCOME STATEMENT

For the period ended June 30, 2013

	30/06/2013	30/06/2012
	€	€
Income	400,698	748,290
Staff cost	(155,976)	(166,906)
Depreciations	(19,675)	(21,316)
Other income from operations	3,011	4,882
Administrative and other expenses	(1,011,127)	(1,105,276)
Loss from operations before net finance cost	(783,069)	(540,326)
Finance income	23,577	36,328
Finance cost	(3,029)	(5,446)
Net finance income	20,548	30,882
Net loss from investment activities	(244,394)	(169,822)
Loss before taxation	(1,006,915)	(679,266)
Taxation	(6,492)	(4,696)
Loss for the year	(1,013,407)	(683,962)
Basic loss per share (cent)	(6.33)	(4.27)

	June 30 2013	December 31 2012
	€	€
ASSETS
Non current assets
Property, plant and equipment	66.578	67.968
Investment property	979.651	990.740
Intangible assets	3.888	7.462
Investments held to maturity	8.944	8.944
Financial assets available for sale	130.508	56.106
	1.189.569	1.131.220
Current assets
Trade and other debtors	6.643.097	7.032.011
Financial assets at fair value via the results	18.549	80.275
Tax receivable	96.790	95.816
Cash in hand and at bank	1.809.330	2.666.417
	8.567.766	8.874.519
TOTAL ASSETS	9.757.335	11.005.739
EQUITY AND LIABILITIES
Capital and reserves
Share capital	9.920.000	9.920.000
Fair value reserve – financial assets available for sale	0	0
Income reserve	(867.523)	145.884
	9.052.477	10.065.884
Short term liabilities
Bank overdraft	0	360.214
Trade and other liabilities	704.858	579.641
	704.858	939.855
TOTAL EQUITY AND LIABILITIES	9.757.335	11.005.739