Ellinas Finance Public Company LTD

Earnings Release • Apr 29, 2014

ELLINAS FINANCE PUBLIC COMPANY LIMITED

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended 31 December 2013

	Note	2013 €	2012 €
Revenue	4	814.278	1.524.055
Other operating income Staff cost Depreciation Administration and other expenses	5 7	6.153 (332.198) (40.246) (1.540.082)	16.408 (350.286) (55.538) (2.390.712)
Operating loss before net finance income	6	(1.092.095)	(1.256.073)
Finance income Finance expense Net finance income	8	51.356 (6.607) 44.749	75.762 (6.760) 69.002
Net loss from investing activities	9	(386.367)	(205.159)
Loss before tax		(1.433.713)	(1.392.230)
Tax	10	(13.463)	(11.319)
Loss for the year		(1.447.176)	(1.403.549)
Other comprehensive income Items that may be classified subsequently to profit or loss:
Available-for-sale financial assets - Transfer to statement of profit or loss from disposal		-	15.640
Available-for-sale financial assets – Transfer to statement of profit or loss due to impairment		-	13.297
Other comprehensive income for the year after tax		-	28.937
Total comprehensive income for the year		(1.447.176)	(1.374.612)
Basic and fully diluted earnings per share (cent)	12	(9,04)	(8,77)

The notes on pages 24 to 61 are an integral part of these financial statements.

ELLINAS FINANCE PUBLIC COMPANY LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2013

		2013	2012
	Note	€	€
Assets
Non-current assets
Property, plant and equipment	14	61.968	67.968
Investment properties	15	883.300	990.740
Intangible assets	16	313	7.462
Held-to-maturity investments	18	8.944	8.944
Available-for-sale financial assets	19	21.459	56.106
Total non-current assets		975.984	1.131.220
Current assets
Trade and other receivables	20	6.004.097	7.032.011
Financial assets at fair value through profit or loss	21	24.190	80.275
Refundable tax	25	96.620	95.816
Cash at bank and in hand	22	1.993.047	2.666.417
Total current assets		8.117.954	9.874.519
Total assets		9.093.938	11.005.739
Equity
Share capital	23	9.920.000	9.920.000
Retained earnings		(1.301.292)	145.884
Total equity		8.618.708	10.065.884
Current liabilities
Bank overdrafts	22	-	360.214
Trade and other payables	24	475.230	579.641
Total current liabilities		475.230	939.855
Total equity and liabilities		9.093.938	11.005.739

On 28 April 2014 the Board of Directors of Ellinas Finance Public Company Limited authorised these consolidated financial statements for issue.

.................................... ....................................

Emilios Ellinas – President Demetris Petrides – Vice-president

The notes on pages 24 to 61 are an integral part of these financial statements.