ELLINAS FINANCE PUBLIC COMPANY LIMITED

CONSOLIDATED INCOME STATEMENT

	2012 €	2011 €
Income	1.524.055	1.726.465
Other income from operations	16.408	17.009
Staff cost	(350.286)	(365.465)
Depreciations	(55.538)	(59.726)
Administrative and other expenses	(2.390.712)	(1.381.016)
Loss from operations before net finance income	(1.256.073)	(62.733)
Finance income Finance cost	75.762	73.682
Net finance income	(6.760) 69.002	(13.850) 59.832
Net loss from investment activities	(205.159)	(234.423)
Loss before taxation	(1.392.230)	(237.324)
Taxation	(11.319)	(19.539)
Loss for the year	(1.403.549)	(256.863)
Other total income
Financial assets available for sale – Ttransfer to results due to sale	15.640
Financial assets available for sale – Transfer to results
due to depreciation in value	13.297
Financial assets available for sale – Fair value losses Other total income / (expenses) for the year after taxation		(28.937)

	28.937	(28.937)
Total expenses for the year	(1.374.612)	(285.800)
Basic and fully diluted loss per share (cent)	(8.77)

Assets	2012 €	2011 €
Non current assets Property, plant and equipment	67.968	86.504 1.012.919
Investment property	990.740	21.951
Intangible assets Investments held to maturity	7.462 8.944	8.944
Financial assets available for sale	56.106	224.536
Total non current assets	1.131.220	1.354.854
Current assets	7.032.011	8.108.524
Trade and other debtors Financial assets at fair value via th eresults
Tax refundable	80.275	102.325
Cash in hand and at bank	95.816	95.807
	2.666.417	2.570.244
Total current assets	9.874.519	10.876.900
Total assets	11.005.739	12.231.754
Equity		9.920.000
Share capital Fair value reserve – financial assets available for sale	9.920.000	(28.937)
Income reserve		1.789.433
	145.884
Total equity	10.065.884	11.680.496
Current liabilities	360.214	2.571
Bank overdrafts Trade and other liabilities	579.641	548.687
Total current liabilities	939.855	551.258
Total equity and liabilities	11.005.739	12.231.754