Jumbo S.A.

Annual Report • Sep 22, 2015

JUMBO S.A. GROUP OF COMPANIES

REG No. 7650/06/B/86/04 Cyprou 9 & Hydras Street, Moschato Attikis

INTERIM FINANCIAL RESULTS For the period from 1 July 2010 to 31 March 2011

JUMBO S.A. GROUP OF COMPANIES

REG No. 7650/06/B/86/04 Cyprou 9 and Hydras Street, Moschato Attikis

INTERIM FINANCIAL RESULTS For the period from 1st July 2010 to 31st March 2011

It is confirmed that the attached Interim Financial Statements for the period 01.07.2010-31.03.2011, are the ones' approved by the Board of Directors of JUMBO S.A. on May 18th, 2011 and communicated to the public by being uploaded at the Company's website www.jumbo.gr where they will remain at the disposal of the investment public for a period of 5 years at least from the date of their editing and publishing. It is noted that summarized financial information published in the press is intended to give the reader a general view but it does not provide a complete picture of the financial position and the results of the Group and the Company in compliance with International Financial Reporting Standards. It is also noted that for simplification purposes summarized financial information published in the press includes accounts which have been condensed and reclassified.

Moschato, 18th May 2011

For the Jumbo SA The President of the Board of Directors and Managing Director

Evangelos – Apostolos Vakakis

A.	INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME OF 9m/Q3 4
B.	INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME 9m/Q3 6
C.	INTERIM STATEMENT OF FINANCIAL POSITION 7
D.	INTERIM STATEMENT OF CHANGES IN EQUITY - GROUP 8
E.	INTERIM STATEMENT OF CHANGES IN EQUITY - COMPANY 9
F.	INTERIM CASH FLOW STATEMENT 10
G.	SELECTED EXPLANATORY NOTES TO THE INTERIM PARENT AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2011 11
1.	Information of the Group 11
2.	Company's Activity 11
3.	Accounting Principles Summary 12 3.1 Changes to Accounting Policies 12
	3.2 New standards, amendments to published standards and interpretations 13
	3.3 Structure of the Group and consolidation 14
4.	Notes to the Financial Statements 16
	4.1 Segment Reporting 16
	4.2 Income tax 18
	4.3 Earnings per share 18
	4.4 Property plant and equipment 20
	4.5 Investment property (leased properties) 25
	4.6 Investments in subsidiaries 26
	4.7 Cash and cash equivalents 27
	4.8 Equity 27
	4.8.1 Share capital 27
	4.8.2 Other reserves 28
	4.9 Loan liabilities 28
	4.10 Long term loans 28
	4.11 Financial leases 29
	4.12 Short-term loan liabilities / long term liabilities payable in the subsequent year 30
	4.13 Deferred tax liabilities 30
	4.14 Current tax liabilities 31
	4.15 Cash flows from operating activities 31
	4.16 Contingent assets - liabilities 31
5.	Transactions with related parties 32
6.	Fees to members of the BoD 33
7.	Lawsuits and legal litigations 34
8.	Number of employees 34
9.	Seasonal fluctuation 34
10.	Important events of the period 01/07/2010-31/03/2011 34
11.	Events subsequent to the statement of financial position 35
H.	FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2010 TO 31 MARCH 2011 36

A. INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME OF 9m/Q3

(All amounts are expressed in euros except from shares)

		THE GROUP
	Notes	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
Turnover		372.707.200	82.532.809	394.517.886	102.434.655
Cost of sales		(180.140.974)	(35.874.668)	(186.630.349)	(46.015.178)
Gross profit		192.566.226	46.658.141	207.887.537	56.419.477
Other income Distribution costs Administrative expenses		1.882.614 (93.847.699) (14.949.193)	543.867 (28.307.507) (4.183.151)	1.987.727 (93.548.334) (14.815.424)	662.286 (30.964.637) (5.437.656)
Other expenses		(3.794.650)	(990.518)	(3.606.225)	(1.143.330)
Profit before tax, interest and investment results		81.857.298	13.720.832	97.905.281	19.536.140
Finance costs		(4.580.413)	(1.505.448)	(5.052.155)	(1.513.889)
Finance income		4.753.796	822.830	3.261.775	1.333.887
		173.383	(682.618)	(1.790.380)	(180.002)
Profit before taxes		82.030.681	13.038.214	96.114.900	19.356.138
Income tax	4.2	(17.738.239)	(2.699.347)	(31.740.654)	(4.366.133)
Profits after tax		64.292.442	10.338.867	64.374.246	14.990.005
Attributable to: Shareholders of the parent company Non controlling interests		64.292.442 -	10.338.867 -	64.374.246 -	14.990.005 -
Earnings per Share Basic earnings per share (€/share) Diluted earnings per share (€/share)	4.3 4.3	0,4948 0,4944	0,0796 0,0796	0,5044 0,4984	0,1155 0,1153
Earnings before interest, tax, investment results and depreciation Earnings before interest, tax and investment results		93.179.257 81.857.298	17.663.991 13.720.832	107.362.756 97.905.281	22.946.065 19.536.140
Profit before tax		82.030.681	13.038.214	96.114.900	19.356.138
Profit after tax		64.292.442	10.338.867	64.374.246	14.990.005

				THE COMPANY
	Notes	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
Turnover		351.466.178	78.054.651	372.443.301	97.494.407
Cost of sales		(184.471.000)	(37.743.689)	(187.671.429)	(46.616.945)
Gross profit		166.995.178	40.310.962	184.771.872	50.877.462
Other income		1.380.240	376.707	1.684.425	494.649
Distribution costs		(84.208.942)	(25.496.363)	(86.233.449)	(28.607.883)
Administrative expenses		(13.053.820)	(3.700.033)	(13.197.521)	(4.990.970)
Other expenses		(2.929.459)	(733.564)	(3.017.982)	(1.037.190)
Profit before tax, interest and investment results		68.183.197	10.757.709	84.007.345	16.736.069
Finance costs		(4.393.776)	(1.438.159)	(4.840.273)	(1.452.857)
Finance income		3.818.022	644.939	1.990.011	857.704
		(575.754)	(793.220)	(2.850.262)	(595.153)
Profit before taxes		67.607.443	9.964.489	81.157.083	16.140.916
Income tax	4.2	(16.230.812)	(2.436.206)	(30.182.407)	(4.030.213)
Profits after tax		51.376.631	7.528.283	50.974.675	12.110.702
Attributable to:
Shareholders of the parent company		51.376.631	7.528.283	50.974.675	12.110.702
Non controlling interests		-	-	-	-
Earnings per Share
Basic earnings per share (€/share)	4.3	0,3954	0,0579	0,3994	0,0933
Diluted earnings per share (€/share)	4.3	0,3951	0,0579	0,3954	0,0932
Earnings before interest, tax, investment results and depreciation Earnings before interest, tax and investment results		77.276.847 68.183.197	13.860.976 10.757.709	92.276.084 84.007.345	19.691.772 16.736.069
Profit before tax		67.607.443	9.964.489	81.157.083	16.140.916
Profit after tax		51.376.631	7.528.283	50.974.675	12.110.702

B. INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME 9m/Q3

(All amounts are expressed in euros except from shares)

	Statement of Comprehensive Income
			THE GROUP
	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
Net profit (loss) for the period	64.292.442	10.338.867	64.374.246	14.990.005
Exchange differences on translation of foreign operations	126.554	87.736	57.920	68.951
Other comprehensive income for the period after tax	126.554	87.736	57.920	68.951
Total comprehensive income for the period	64.418.996	10.426.603	64.432.166	15.058.956
Total comprehensive income for the period to:
Owners of the company Non controlling interests	64.418.996 -	10.426.603 -	64.432.166 -	15.058.956 -
			Statement of Comprehensive Income
			THE COMPANY
	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
Net profit (loss) for the period	51.376.631	7.528.283	50.974.675	12.110.702
Exchange differences on translation of foreign operations	-	-	-	-
Other comprehensive income for the period after tax	-	-	-	-
Total comprehensive income for the period	51.376.631	7.528.283	50.974.675	12.110.702
Total comprehensive income for the period to:
Owners of the company Non controlling interests	51.376.631 -	7.528.283 -	50.974.675 -	12.110.702 -

C. INTERIM STATEMENT OF FINANCIAL POSITION

(All amounts are expressed in euros unless otherwise stated)

Notes 31/03/2011 30/06/2010 31/03/2011 30/06/2010 Assets Non current Property, plant and equipment 368.539.604 338.220.950 245.416.319 241.670.372 4.4 Investment property 7.677.719 7.969.973 7.677.719 7.969.973 4.5 Investments in subsidiaries - - 80.978.602 62.979.798 4.6 Other long term receivables 13.628.184 2.864.943 9.686.588 2.860.257 389.845.507 349.055.866 343.759.228 315.480.400 Current Inventories 164.626.903 176.435.733 149.166.875 165.272.868 Trade debtors and other trading receivables 22.538.681 21.984.365 37.855.744 28.867.953 Other receivables 32.189.103 41.745.807 30.440.744 39.367.298 Other current assets 5.195.849 5.804.342 4.370.336 5.692.658 Cash and cash equivalents 161.993.139 141.050.874 120.075.404 100.522.388 4.7 386.543.675 387.021.121 341.909.103 339.723.165 Total assets 776.389.182 736.076.987 685.668.331 655.203.565 Equity and Liabilities Equity attributable to the shareholders of the parent entity 4.8 181.919.108 181.828.072 181.919.108 Share capital 181.828.072 4.8.1 Share premium reserve 41.249.350 40.986.044 41.249.350 40.986.044 4.8.1 - - Translation reserve (737.300) (863.853) 131.249.520 86.043.023 Other reserves 131.249.520 86.043.023 4.8.2 139.018.988 144.479.899 Retained earnings 57.991.204 76.367.928 492.699.666 452.473.185 412.409.182 385.225.067 - - - - Non controlling interests Total equity 492.699.666 452.473.185 412.409.182 385.225.067 Long Term liabilities Liabilities for compensation to personnel due for retirement 3.470.638 2.910.782 3.464.710 2.906.986 4.9/4.10/ 155.090.535 155.674.166 4.11 Long term loan liabilities 152.086.134 152.791.309 44.150 342.388 Other long term liabilities 44.150 12.246 Deferred tax liabilities 4.13 5.203.768 4.867.070 5.213.137 4.873.594 Total non-current liabilities 163.809.091 163.794.406 160.808.131 160.584.135 Current liabilities Provisions 338.949 166.758 338.949 166.758 65.781.893 50.194.178 Trade and other payables 63.514.825 50.404.989 34.630.084 47.143.804 Current tax liabilities 33.033.665 45.606.943 4.14 Short-term loan liabilities - - - - Long term loan liabilities payable in the subsequent year 971.176 1.852.746 674.674 666.745 4.12 18.158.323 20.451.910 Other current liabilities 14.888.905 12.548.928 Total current liabilities 119.880.425 119.809.396 112.451.018 109.394.363 Total liabilities 283.689.516 283.603.802 273.259.149 269.978.498 Total equity and liabilities 776.389.182 736.076.987 685.668.331 655.203.565		THE GROUP	THE COMPANY

D.INTERIM STATEMENT OF CHANGES IN EQUITY - GROUP

(All amounts are expressed in euros unless otherwise stated)

				THE	GR OU P
	Sha ital re c ap	Sha miu re m res pre erv e	Tra nsla tion res erv e	Sta tuto ry rese rve	Tax - fr ee res erv es	Ext rdin rao ary rese rve s	Oth er r ese rve	Ret ain ed rnin s ea gs	Tot al E ity qu
Res tate d b ala t 1s t Ju ly 201 0, a rdin g to the IFR S nce s a s a cco	181 .82 8.0 72	40. 986 .04 4	(86 53) 3.8	17. 551 .47 1	1.7 97. 944	66. 679 .09 3	14. 515	144 .47 9.8 99	452 .47 3.18 5
in ity Ch Equ an ges
Sha ita l inc du e to rsio f b d lo re c ap rea se co nve n o on an	91. 036								91. 036
Inc of due to rsio f b ond loa rea se res erv es co nve n o n		279 .812					( 93)		279 .71 9
De fer red tax du e t ersi of bo nd loa o c onv on n		(1 2.8 53)					24		(12 9) .82
Exp of t he sha ital inc ens es re c ap rea se		( 4.5 66)							(4.5 66)
fer red atio f sh ital inc De tax n o are ca p rea se exp ens es		913							913
Div ide nd of t he fisc al y r 20 09- 201 0 ea								(24 89) .54 6.7	(24 89) .54 6.7
Sta tut ory re ser ve				3.1 00. 548				(3.1 ) 00. 548	-
Ext rdin rao ary res erv es						42. 106 .016		(42 16) .10 6.0	-
Tra ctio ith nsa ns w ow ne rs	91. 036	263 .30 6	-	3.1 00. 548	-	42. 106 .01 6	(68 )	(69 .75 3.3 53)	(24 .19 2.5 16)
ofit for the riod /07 /20 31/ 03/ Ne t Pr 01 10- 201 1 pe								64. 292 .44 2	64. 292 .44 2
Oth he nsiv e in er c om pre co me
Exc han diff n tr lati of fore ign tion ge ere nce s o ans on op era s			126 .55 4						126 .55 4
Oth he nsiv e in for the riod er c om pre co me pe			126 .55 4						126 .55 4
Tot al c he nsiv e in for the riod om pre co me pe			126 .55 4					64. 292 .44 2	64. 418 .99 6
Ba lan at M h 3 1st, 20 11 a ord ing to IFR S ce as arc cc	181 .91 9.1 08	41. 249 .35 0	(73 00) 7.3	20. 652 .01 9	1.7 97. 944	108 .78 5.1 10	14. 447 131 .24 9.5 20	139 .01 8.9 88 139 .01 8.9 88	492 .69 9.6 66 492 .69 9.6 66
d b ala ly rdin the S Res tate t 1s t Ju 200 9, a g to IFR nce s a s a cco	169 .72 8.6 02	7.5 47. 078	(78 04) 4.8	13. 510 .89 0	1.7 97. 944	12. 123 .47 1	23. 585	151 .71 8.0 43	355 .66 4.8 10
Ch in Equ ity an ges
Sha ita l inc du e to rsio f b d lo re c ap rea se co nve n o on an	12. 099 .470								12. 099 .47 0
Inc of due to rsio f b ond loa rea se res erv es co nve n o n		34. 842 .898					(1 2.2 64)		34. 830 .63 4
fer ersi of De red tax du e t bo nd loa o c onv on n		(1. 7) 216 .24					3.1 94		(1.2 ) 13. 053
of t he sha ital inc Exp ens es re c ap rea se		( 23 1.10 6)							(23 06) 1.1
De fer red tax atio f sh ital inc n o are ca p rea se exp ens es		46. 221							46. 221
Div ide of t fisc nd he al y r 20 08- 200 9 ea								(27 85) .88 3.9	(27 .88 3.9 85)
Sta tut ory re ser ve				4.0 40. 580				(4.0 ) 40. 580	-
Ext rdin rao ary res erv es						54. .623 555		(54 23) .55 5.6	-
Tra ctio ith nsa ns w ow ne rs	12. 099 .470	33. 441 .76 6	-	4.0 40. 580	-	54. 555 .62 3	(9.0 70)	(86 88) .48 0.1	17. 648 .18 2
Ne t Pr ofit for the riod 01 /07 /20 09- 31/ 03/ 201 0 pe								64. 374 .24 6	64. 374 .24 6
Oth he nsiv e in er c om pre co me
han diff n tr lati of fore ign tion Exc ge ere nce s o ans on op era s			920 57.						57. 920
Oth he nsiv e in for the riod er c om pre co me pe			57. 920						57. 920
Tot al c he nsiv e in for the riod om pre co me pe			57. 920					64. 374 .24 6	64. 432 .16 6
Ba lan at M h 3 1st, 20 10 a ord ing IFR S to ce as arc cc	181 .82 8.0 72	40. 988 .84 4	(72 6.8 84)	17. 551 .47 1	1.7 97. 944	66. 679 .09 3	14. 515	129 .61 2.1 03	437 .74 5.1 57

E.INTERIM STATEMENT OF CHANGES IN EQUITY - COMPANY

(All amounts are expressed in euros unless otherwise stated)

				THE CO MP	AN Y
	Sha ita l re c ap	Sha miu re pre m res erv e	Sta tuto ry res erv e	Tax - f ree res erv es	Ext rdi ry res rao na erv es	Oth er res erv es	Ret ain ed ea rni ngs	Tot al E ity qu
Ba lan t 1s t Ju ly 201 0, a ord ing to th e IF RS ce s a s a cc	18 1.8 28. 072	40. 986 .04 4	17. 551 .47 1	1.7 97. 944	66. 679 .09 3	14. 515	76. 367 .92 8	385 .22 5.0 67
Ch in Equ ity an ges
Sha ita l in du sio f b d l e t re ca p cre ase o c on ver n o on oa n	91. 036							91. 036
Inc of du e t ion of bo nd loa rea se res erv es o c onv ers n		279 .81 2				( 93)		279 .71 9
De fer red ta x d to rsio f b d l ue co nve n o on oa n		( 12. 853 )				24		(12 9) .82
of t ita l in Exp he sha ens es re ca p cre ase		( 66) 4.5						(4.5 66)
fer tion of ita l in De red ta sh xa are ca p cre ase ex pe nse s		913						913
Div ide nd of the fisc al y r 20 09- 20 10 ea							(24 89) .54 6.7	(24 89) .54 6.7
Sta tut ory re ser ve			3.1 00. 548				(3. 8) 100 .54	-
Ext rdi rao nar y re ser ve s					42. 106 .01 6		(42 16) .10 6.0	-
Tra cti ith nsa on s w ow ne rs	91. 036	263 .30 6	3.1 00. 548	-	42 .10 6.0 16	(6 8)	(69 3.3 54) .75	(24 .19 2.5 16)
/07 /20 31/ 03/ Ne t Pr ofit for the riod 01 10- 201 1 pe							51. 376 .63 1	376 .63 51. 1
Oth reh siv e in er co mp en co me
dif fer tio f fo reig ion Exc ha n tr sla rat nge en ce s o an n o n o pe s								-
Oth reh siv e in fo r th erio d er co mp en co me e p							-	-
Tot al reh siv e in fo r th eri od co mp en co me e p							51. 376 .63 1	51. 376 .63 1
Ba lan at Ma rch 31 st, 201 1 a ord ing to IFR S ce as cc	18 1.9 19. 108	41. 249 .35 0	20. 652 .01 9	1.7 97. 944	108 .78 5.1 10	14. 447	57. 991 .20 4	412 .40 9.1 82
Ba lan t 1s t Ju ly 200 9, a ord ing th e IF RS to ce s a s a cc	169 .72 8.6 02	7.5 47. 078	13. 510 .89 0	1.7 97. 944	12. 123 .47 1	23. 585	101 .02 8.9 66	305 .76 0.5 36
in ity Ch Equ an ges
Sha ita l in du e t sio f b d l re ca p cre ase o c on ver n o on oa n	12 .09 9.4 70							12. 099 .47 0
Inc of du e t ion of bo nd loa rea se res erv es o c onv ers n		34. 842 .89 8				( 12. 264 )		830 34. .63 4
De fer red ta x d to rsio f b d l ue co nve n o on oa n		( 1.2 16. 247 )				3.1 94		(1.2 ) 13. 053
of t ita l in Exp he sha ens es re ca p cre ase		( 6) 231 .10						(23 06) 1.1
De fer red ta tion of sh ita l in xa are ca p cre ase ex pe nse s		46. 221						46. 221
Div ide nd of the fisc al y r 20 08- 200 9 ea							(27 85) .88 3.9	(27 85) .88 3.9
Sta tut ory re ser ve			4.0 40. 580				(4.0 ) 40. 580	-
Ext rdi rao nar y re ser ve s					54. 555 .62 3		(54 23) .55 5.6	-
Tra cti ith nsa on s w ow ne rs	12. 099 0 .47	33. 441 .76 6	4.0 40. 580		.62 3 54. 555	(9.0 70)	( 86. 480 .18 8)	8.1 81 17 .64
Ne t Pr ofit for the riod 01 /07 /20 09- 31/ 03/ 201 0 pe							50. 974 .67 5	50. 974 .67 5
Oth reh siv e in er co mp en co me
Exc ha dif fer n tr sla tio f fo reig rat ion nge en ce s o an n o n o pe s
Oth reh siv e in fo r th erio d er co mp en co me e p
al reh siv e in fo r th eri od Tot co mp en co me e p							50. 974 .67 5	50. 974 .67 5
lan rch ord ing S Ba at Ma 31 st, 201 0 a to IFR	18 1.8 28. 072	40. 988 .84 4	17. 551 .47 1	1.7 97. 944	66. 679 .09 3	14. 515	65. 523 .45 3	374 .38 3.3 92

F. INTERIM CASH FLOW STATEMENT

(All amounts are expressed in euros unless otherwise stated)

		THE GROUP		THE COMPANY
	Notes	31/03/2011	31/03/2010	31/03/2011	31/03/2010
Cash flows from operating activities
Cash flows from operating activities	4.15	116.839.076	135.524.705	99.560.812	115.902.269
Interest paid		(4.258.371)	(3.871.051)	(4.124.917)	(3.721.416)
Income tax paid		(26.382.198)	(24.439.941)	(24.532.934)	(22.726.037)
Cash flows from operating activities		86.198.507	107.213.713	70.902.961	89.454.816
Cash flows from investing activities
Acquisition of non current assets		(43.981.783)	(38.254.332)	(12.253.185)	(26.373.925)
Sales of tangible assets		138.454	100.588	138.454	95.628
Share Capital increase of subsidiaries		-	-	(17.998.804)	(20.000.000)
Interest received		4.534.865	3.125.076	3.818.022	1.990.011
Net cash flows from investing activities		(39.308.464)	(35.028.668)	(26.295.513)	(44.288.286)
Cash flows from financing activities
Income from share capital increase		370.849	46.942.367	370.849	46.942.367
Share capital increase expenses		(4.566)	(231.106)	(4.566)	(231.106)
Dividends paid to shareholders		(24.537.975)	(27.873.044)	(24.537.975)	(27.873.044)
Loans received		-	20.000.000	-	20.000.000
Loans paid		(1.260.254)	(47.984.870)	(370.756)	(46.930.103)
Payments of capital of financial leasing		(511.984)	(599.649)	(511.984)	(599.649)
Net cash flows from financing
activities		(25.943.930)	(9.746.302)	(25.054.432)	(8.691.535)
Increase/(decrease) in cash and
cash equivalents (net)		20.946.113	62.438.744	19.553.016	36.474.995
Cash and cash equivalents in the beginning of the period		141.050.874	109.665.849	100.522.388	83.627.841
Exchange difference on cash and cash equivalents		(3.848)	(12.978)	-	-
Cash and cash equivalents at the end of the period		161.993.139	172.091.615	120.075.404	120.102.836
Cash in hand		2.098.815	3.178.218	1.953.776	3.059.726
Carrying amount of band deposits and bank overdrafts		12.741.198	8.399.358	4.781.673	6.656.170
Sight and time deposits		147.153.126	160.514.039	113.339.955	110.386.940
Cash and cash equivalents		161.993.139	172.091.615	120.075.404	120.102.836

G. SELECTED EXPLANATORY NOTES TO THE INTERIM PARENT AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 MARCH 2011

1. Information of the Group

Group's Interim Consolidated Financial Statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as those have been issued by the International Accounting Standards Board (IASB).

JUMBO is a trading company, established according to the laws in Greece. Reference made to the "COMPANY" or "JUMBO S.A." indicates, unless otherwise stated in the text, the Group "JUMBO" and its fully consolidated subsidiary companies.

The company's distinctive title is "JUMBO" and it has been registered in its articles of incorporation as well as by the department for trademarks of the Ministry of Development as a brand name for JUMBO products and services under number 127218 with protection period after extension until 5/6/2015.

The Company was incorporated in 1986 (Government Gazette 3234/26.11.1986) and its duration was set at thirty (30) years. According to the decision of the Extraordinary General Meeting of the shareholders dated 3/5/2006 which was approved by the decision of the Ministry of Development numbered K2- 6817/9.5.2006, the duration of the company was extended to seventy years (70) from the date of its registration in Register of Societes Anonyme.

Originally the company's registered office was at the Municipality of Glyfada, at 11 Angelou Metaxa street. According to the same decision (mentioned above) of the Extraordinary General Meeting of shareholders which was approved by the decision of the Ministry of Development numbered K2- 6817/9.5.2006 the registered office of the company was transferred to the Municipality of Moschato in Attica and specifically at 9 Kyprou street and Ydras, area code 183 46.

The company is registered in the Register of Societes Anonyme of the Ministry of Development, Department of Societes Anonyme and Credit, under No 7650/06/Β/86/04.

Activity of the company is governed by the law 2190/1920.

The Interim Financial Statements of March 31st, 2011 (01.07.2010-31.03.2011) have been approved by the Board of Directors at May 18th, 2011.

2. Company's Activity

The company's main activity is the retail sale of toys, baby items, seasonal items, decoration items, books and stationery and is classified based on the STAKOD 03 bulletin of the National Statistics Service in Greece (E.S.Y.E.) under the sector "other retail trade of new items in specialized shops" (STAKOD category 525.9). A small part of its activities is the wholesale of toys and similar items to third parties.

Since 19/7/1997 the Company has been listed on the Stock Exchange and since June 2010 participates in FTSE/Athex 20 index. Based on the stipulations of the new Regulation of the Stock Exchange, the Company fulfills the criteria on enabling it to be placed under the category "of high capitalization" and according to article 339 in it, as of 28/11/2005 (date it came to force), the Company's shares are placed under this category. Additionally the Stock Exchange applying the decision made on 24/11/2005 by its Board of Directors, regarding the adoption of a model of FTSE Dow Jones Industry Classification Benchmark (ICB), as of 2/1/2006 classified the Company under the sector of financial activity Toys, which includes only the company "JUMBO".

Within its 24 years of operation, the Company has become one of the largest companies in retail sale.

At 31.03.2011 the company operated 51 stores in Greece, Cyprus and Bulgaria. During the nine months of the current financial year the Group opened six new stores. Three of these stores opened in Greece and more specific in October 2010 opened the stores in Preveza and in Larissa (the second store in the city) and in December 2010 opened the store in Ioannina (the second store in the city). In November 2010 the

Group opened its third store in Cyprus, in Larnaka and in Bulgaria opened two new stores in Sofia in August 2010 and in November 2010.

At 31st March 2011 the Group employed 3.289 individuals as staff, of which 3.182 as permanent staff and 107 as seasonal staff. The average number of staff for the period ended, 01/07/2010 – 31/03/2011, was 3.727 individuals (3. 141 as permanent and 586 as seasonal staff).

3. Accounting Principles Summary

The enclosed financial statements of the Group and the Company (henceforth Financial Statements) with date March 31st, 2011 , for the period of July 1st 2010 to March 31st, 2011 have been compiled according to the historical cost convention, the going concern principle and they comply with International Financial Reporting Standards (IFRS) as those have been issued by the International Accounting Standards Board (IASB), and have been adopted by the European Union, as well as their interpretations issued by the Standards Interpretation Committee (I.F.R.I.C.) of IASB, and are consistent to IAS 34 "Interim Financial Information".

Interim summary financial statements do not contain all the information and notes required in annual financial statements and must be studied in addition to the financial statements of the Company and the Group of the 30th of June, 2010 which have been uploaded at the Company's website www.jumbo.gr.

The reporting currency is Euro (currency of the country of the Company's headquarters) and all amounts are reported in Euro unless stated otherwise.

The preparation of financial statements according to International Financial Reporting Standards (IFRS) demands the use of estimate and judgment on the implementation of accounting principles. Significant assumptions made by the Management regarding the application of the Company's accounting principles and methods have been highlighted whenever this has been deemed necessary. Estimates and judgments made by the Management are constantly evaluated and are based on experiential data and other factors, including future events considered as predictable under normal circumstances.

Basic accounting principles adopted for the preparation of these financial statements have been also applied to the financial statements of 2009-2010 and have been applied to all the periods presented apart from the changes listed below.

3.1 Changes to Accounting Policies

Standards applicable to the Company that have been adopted since July 1st, 2010 as well as standards which have been obligatory since July 1st 2010, however not applicable to the Company's activities, are presented in this paragraph .

IFRS 1 (Amendment) "First-time adoption of International Financial Reporting Standards"- Additional Exemptions for First-time Adopters

The amendment provides exception from the full retrospective application of IFRS for the measurement of oil and gas assets and leases. The change is effective for annual periods beginning on or after July 1, 2010. The amendment does not apply to the Group.

IFRS 1 (Amendment) "First-time adoption of International Financial Reporting Standards"-Limited exemption from Comparative IFRS 7 Disclosures for First-time Adopters.

The amendment provides exceptions for companies applying IFRS for the first time from the requirement to provide comparative information in relation to the disclosures required by IFRS 7 "Financial Instruments: Disclosures". The change is effective for annual periods beginning on or after July 1, 2010 and approved by the EU.

The amendment does not apply to the Group.

IAS 24 Related Party Disclosures (revised)

The revised Standard clarifies the definition of a related party and simplifies the disclosure requirements for government related entities. More specifically, it exempts government related entities from providing full details about transactions with other government controlled entities and the government, clarifies and simplifies the definition of a related party and requires the disclosure not only of the relationships, transactions and outstanding balances between related parties, but of commitments as well in both the consolidated and the individual financial statements. The change is approved by the EU and effective for annual periods beginning on or after January 1st, 2011.

The application of the revised IAS24 is not going to affect the Group's financial statements up to a serious extent.

IFRIC 19 "Extinguishing Financial Liabilities with Equity Instruments

This interpretation addresses the accounting by an entity when the terms of a financial liability are renegotiated and result in the entity issuing equity instruments to a creditor to extinguish all or part of the financial liability. This is commonly referred to as a 'debt for equity' swap and has become more common as a result of the financial crisis.

Significant diversity had arisen in the accounting for these transactions up until the issue of IFRIC 19. The interpretation is effective for annual periods beginning on or after July 1st 2010. Early application is permitted. This interpretation is not applicable to the Group.

IAS 32 (Amendment) "Financial Instruments: Presentation" – Classification of Rights Issues.

The Amendment alters the definition of a financial liability in IAS 32 to classify rights issues and certain options or warrants (together, here termed rights) as equity instruments. The Amendment is effective for annual periods beginning on or after February 1st 2010 and is not going to affect the Group's financial statements. The Amendment has been approved by the EU.

Annual Improvements 2009

During 2009, the IASB has issued annual improvements to IFRS for 2009, a series of adjustments to twelve Standards - which is part of a program for annual improvements in Standards. IASB's program of annual improvements aims to place non-urgent but necessary adjustments to IFRS which will not be part of a larger revision program. Most improvements are applicable to annual periods beginning on or after 1.1.2010 and earlier application is permitted.

3.2 New standards, amendments to published standards and interpretations

Standards and amendments to existing standards that have not been yet in force adopted or still have not been placed in force, or have not been adopted by the EU are presented in this paragraph .

IFRS 9 "Financial Instruments"

ΙΑSB is planning to totally replace IAS 39 "Financial Instruments recognition and valuation" by the end of 2010, and the new Standard will be effective for the annual financial statements which begin from the 1st of January 2013. IFRS 9 is the first step in ΙΑSB project to replace IAS 39.

The basic steps are as follows:

1st step: Recognition and Valuation

2nd step: Impairment Methodology

3rd step: Hedging Accounting

Furthermore, an additional plan is addressing the issues that concern the derecognition. IFRS 9 aims at the reduction of the complexity in the accounting treatment of the financial instruments offering fewer categories of financial assets and a "start point" as a basis for their classification. According to the new standard, the financial entity classifies the financial assets either at their amortized cost or at their fair value depending on:

a) the business model of the entity and the management of the financial assets and

b) the characteristics of the compatible cash flows of the financial assets (if it hasn't chosen to define financial assets at fair value through the p&l).

The existence of only two categories –amortized cost & fair value- means that there will be a demand for only one model of impairment according to the new standard, thus reducing the complexity.

The Group is currently examining the impact of IFRS 9 on equity and results that depend on the business model the Group will choose for the management of its financial assets.

IFRS 9 is effective for annual periods beginning on or after January 1st 2013 and has not been endorsed by the EU.

IFRIC 14 (Amendment) "Prepayments of a Minimum Funding Requirement"

The amendment was made to withdraw the restriction an entity had in recognizing an asset resulting from voluntary prepayments for a benefits program in order to cover its minimum funding requirements. The amendment is applicable for annual periods beginning on or after 1 July 2011 and has been approved by the EU. This interpretation is not applicable to the Group.

Annual Improvements 2010

During 2010, the IASB has issued annual improvements to IFRS for 2010, a series of adjustments to seven Standards - which is part of a program for annual improvements in Standards. IASB's program of annual improvements aims to place non-urgent but necessary adjustments to IFRS which will not be part of a larger revision program. Most improvements are applicable to annual periods beginning on or after 1.1.2011 and earlier application is permitted. Annual improvements have not been adopted by the EU.

The Group has no intention of applying any of the aforementioned Standards or Interpretations earlier.

According to the existing structure of the Group and the accounting policies followed, the Management does not expect important impacts on the financial statements of the Group from the implementation of the above Standards and Interpretations when they become effective.

3.3 Structure of the Group and consolidation

The companies included in the full consolidation of JUMBO S.A. are the following:

Parent Company:

Anonymous Trading Company under the name «JUMBO Anonymous Trading Company» and the title «JUMBO», was founded in year 1986, with headquarters today in Moschato of Attica (9 Cyprus & Ydras street), is enlisted since year 1997 in Parallel Market of Athens Stock Exchange and is enrolled to the Register of Societe Anonyme of Ministry of Development with Registration Number 7650/06/B/86/04. The company has been classified in the category of Big Capitalization of Athens Stock Exchange.

Subsidiary companies:

1. The subsidiary company with name «Jumbo Trading Ltd», is a Cypriot company of limited responsibility (Limited). It was founded in year 1991. Its foundation is Nicosia, Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatameia of Nicosia). It is enrolled to the Register of Societe Anonyme of Cyprus, with number E 44824. It puts in, in Cyprus in the same sector with the parent company, that is the retail toys trade. Parent company owns the 100% of its shares and its voting rights.

2. The subsidiary company in Bulgaria with name «JUMBO EC.B.» was founded on the 1st of September 2005 as an One – person Company of Limited Responsibility with Registration Number 96904, book 1291 of Court of first instance of Sofia and according to the conditions of Special Law with number 115. Its foundation is in Sofia, Bulgaria (Bul. Bulgaria 51 Sofia 1404). Parent company owns 100% of its shares and its voting rights.

During the period the subsidiary company JUMBO EC. B LTD proceeded to four Share Capital Increases' of € 18m as a total. At the end of the period, the subsidiary share capital amounted to € 69.904 thοus. The purpose of the above share capital increase is the further expansion of the Group in Bulgaria.

3. The subsidiary company in Romania with name «JUMBO EC.R. S.R.L.» was founded on the 9th of August 2006 as a Company of Limited Responsibility (srl) with Registration Number J40/12864/2006 of the Trade Register, with foundation in Bucharest (Splaiul Independentei number 52 , 21st office, administrative area 5, in Bucharest). Parent company owns 100% of its shares and its voting rights.

4. The subsidiary company ASPETTO Ltd was founded at 21/08/2006 , in Cyprus Nicosia (Abraham Antoniou 9 avenue). «Jumbo Trading Ltd» owns 100% of its shares and its voting rights.

5. WESTLOOK Ltd is a subsidiary of ASPETTO Ltd which holds a 100% stake of its share capital. The company has founded in Bucharest, Romania (1 Vasile Paun, apartment 3, District No 5, Bucharest) at 16/10/2006.

Group companies, included in the consolidated financial statements and the consolidation method are the following:

Consolidated	Percentage and	Main Office	Consolidation
Subsidiary	Participation		method
JUMBO	100% Direct	Cyprus	Full Consolidation
TRADING LTD
JUMBO EC.B LTD	100% Direct	Bulgaria	Full Consolidation
JUMBO EC.R SRL	100% Direct	Romania	Full Consolidation
ASPETTO LTD	100% Indirect	Cyprus	Full Consolidation
WESTLOOK SRL	100% Indirect	Romania	Full Consolidation

During the current period, the structure of the Group hasn't change.

4. Notes to the Financial Statements

4.1 Segment Reporting

In terms of geography the Group operates through a sales' network developed in Greece, Cyprus and in Bulgaria. The above sectors are used from the company's management for internal information purposes. The management's strategic decisions are based on the readjusted operating results of every sector which are used for the measurement of productivity.

The activities of the Group which don't fulfill the criteria and the qualitative limits of IFRS 8 in order to set them as operating segments are presented as "Others". In the "Others", finance costs and finance income are included as well as other non operating results which can't be divided because they concern the total activity of the Group.

At the segment Greece the Company's management also monitors the sales from Greece to FYROM based on the commercial agreement with the independent customer Veropoulos Dooel.

Results per segment for the nine months of the current financial year are as follows:

	01/07/2010-31/03/2011
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Sales	351.466.178	39.900.074	15.968.157	-	407.334.409
Intragroup Sales	(33.526.030)	(382.018)	(719.161)		(34.627.209)
Total net sales	317.940.148	39.518.056	15.248.996		372.707.200
Cost of sales	(153.029.114)	(19.858.189)	(7.253.671)		(180.140.974)
Gross Profit	164.911.034	19.659.867	7.995.325		192.566.226
Other income	-	-	-	1.882.614	1.882.614
Distribution costs	(1.056.562)	-	-	(13.892.631)	(14.949.193)
Administrative expenses	(83.805.287)	(5.788.444)	(3.850.313)	(403.655)	(93.847.699)
Other expenses	-	-	-	(3.794.650)	(3.794.650)
Profit before tax, interest and investment results	80.049.185	13.871.423	4.145.012	(16.208.322)	81.857.298
Financial expenses	-	-	-	(4.580.413)	(4.580.413)
Financial income	-	-	-	4.753.796	4.753.796
Profit before tax	80.049.185	13.871.423	4.145.012	(16.034.939)	82.030.681
Income tax	-	-	-	(17.738.239)	(17.738.239)
Net profit	80.049.185	13.871.423	4.145.012	(33.773.178)	64.292.442
Depreciation and amortization	(8.602.851)	(961.518)	(1.228.670)	(522.906)	(11.315.945)

Results per segment for the nine months of the previous financial year are as follows:

	01/07/2009-31/03/2010
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Sales	372.443.301	34.367.033	12.595.906	-	419.406.240
Intragroup Sales	(23.124.454)	(769.460)	(994.440)	-	(24.888.354)
Total net sales	349.318.847	33.597.573	11.601.466	-	394.517.886
Cost of goods sold	(164.546.976)	(16.507.886)	(5.575.487)	-	(186.630.349)
Gross Profit	184.771.872	17.089.687	6.025.979	-	207.887.537
Other income	-	-	-	1.987.727	1.987.727
Distribution costs	(947.489)	-	-	(13.867.935)	(14.815.424)
Administrative expenses	(85.892.048)	(4.835.201)	(2.479.684)	(341.401)	(93.548.334)
Other expenses	-	-	-	(3.606.225)	(3.606.225)

Profit before tax, interest and investment results	97.932.333	12.254.486	3.546.295	(15.827.834)	97.905.281
Financial expenses	-	-	-	(5.052.155)	(5.052.155)
Financial income	-	-	-	3.261.775	3.261.775
Profit before tax	97.932.333	12.254.486	3.546.295	(17.618.214)	96.114.900
Income tax	-	-	-	(31.740.654)	(31.740.654)
Net profit	97.932.333	12.254.486	3.546.295	(49.358.867)	64.374.246
Depreciation and amortization	(7.695.762)	(677.991)	(489.164)	(572.784)	(9.435.701)

The allocation of consolidated assets and liabilities to business segments for the period 01/07/2010 – 31/03/2011 and 01/07/2009 – 31/03/2010 is broken down as follows:

	31/03/2011
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Segment assets	398.179.064	54.124.118	79.832.967	-	532.136.149
Non allocated Assets	-	-	-	244.253.033	244.253.033
Consolidated Assets	398.179.064	54.124.118	79.832.967	244.253.033	776.389.182
Sector liabilities	234.760.082	6.462.314	2.632.637	-	243.855.033
Non allocated Liabilities items	-	-	-	39.834.483	39.834.483
Consolidated liabilities	234.760.082	6.462.314	2.632.637	39.834.483	283.689.516

	Group's asset additions
(amounts in €)		31/03/2011
Greece		12.685.797
Cyprus		9.892.243
Bulgaria		18.779.007
Total		41.357.047

	31/03/2010
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Segment assets	388.831.288	32.364.844	45.573.982	-	466.770.114
Non allocated Assets	-	-	-	263.694.983	263.694.983
Consolidated Assets	388.831.288	32.364.844	45.573.982	263.694.983	730.465.097
Sector liabilities	237.191.502	5.006.003	1.368.042	-	243.565.547
Non allocated Liabilities items	-	-	-	49.154.393	49.154.393
Consolidated liabilities	237.191.502	5.006.003	1.368.042	49.154.393	292.719.940

	Group's asset additions
(amounts in €)		31/03/2010
Greece		26.775.867
Cyprus		555.324
Bulgaria		10.762.240
Total		38.093.431

The Group's main activity is the retail sale of toys, infant supplies, seasonal items, decoration items, books and stationery.

The sales per type of product for the nine months of the current fiscal year are as follows:

Sales per product type for the period 01/07/2010-31/03/2011
Product Type	Sales in €	Percentage
Toy	123.267.566	33,07%
Baby products	43.837.129	11,76%
Stationary	32.374.343	8,69%
Seasonal	91.566.195	24,57%
Home products	81.458.905	21,86%
Other	203.062	0,05%
Total	372.707.200	100,00%

Sales per product type for the period 01/07/2009-31/03/2010
Product Type	Sales in €	Percentage
Toy	136.632.561	34,63%
Baby products	48.376.708	12,26%
Stationary	30.701.398	7,78%
Seasonal	99.559.805	25,24%
Home products	79.054.619	20,04%
Other	192.795	0,05%
Total	394.517.886	100,00%

The sales per type of product for the nine months of the previous fiscal year are as follows:

4.2 Income tax

According to Greek taxation laws, income tax for the period 1/7/2010-31/03/2011 was calculated at the rate of 24% on profits of the parent company and 10%, on average, on profits of the subsidiary JUMBO TRADING LTD in Cyprus, JUMBO EC.B. in Bulgaria and ASPETTO LTD in Cyprus and 16% on profits of the subsidiaries JUMBO EC.R SRL and WESTLOOK SRL in Romania.

According to the Greek taxation law as it stands after the amendment of the Law 3943/31-03-2011 the corporate tax is calculated at 20% of the total taxable income of the Company and will be applied to income of the financial year 2012. Especially for the financial year 2011, the rate is 24%.

The effect of this change in the deffered tax liabilities of the Company as well as in the tax provisions is presented in the table below:

		THE GROUP	THE COMPANY
(amounts in €)	31/03/2011	31/03/2010	31/03/2011	31/03/2010
Income taxes for the period Extraordinary tax (article 2 Law	17.238.421	21.328.730	15.730.994	19.764.232
3808/2009) Adjustments of deferred taxes due to	-	9.824.882	-	9.824.882
change in tax rate	(262.162)	-	(262.162)	-
Deferred income tax for the period Provisions for contingent tax liabilities from years uninspected by the tax	589.789	453.800	589.789	460.051
authorities	172.191	133.242	172.191	133.242
Total	17.738.239	31.740.654	16.230.812	30.182.407

4.3 Earnings per share

The analysis of basic and diluted earnings per share for the Group is as follows:

		THE GROUP
Basic earnings per share	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
(euro per share)
Earnings attributable to the shareholders of the parent
company	64.292.442	10.338.867	64.374.246	14.990.005
Weighted average number
of shares	129.925.370	129.942.220	127.624.062	129.826.738
Basic earnings per share
(euro per share)	0,4948	0,0796 0,5044
			THE GROUP
	01/07/2010-	01/01/2011-	01/07/2009-	01/01/2010-
Diluted earnings per share	31/03/2011	31/03/2011	31/03/2010	31/03/2010
(euro per share)
Earnings attributable to the shareholders of the parent	64.292.442	10.338.867	64.374.246	14.990.005

Of the period from 1st July 2010 to 31st March 2011 Page: 18

company

Interest expense for convertible bond (after taxes) Diluted earnings attributable to the shareholders of the	51.357	16.305	488.771	19.348
parent company	64.343.799	10.355.172	64.863.017	15.009.353
		THE GROUP
	01/07/2010-	01/01/2011-	01/07/2009-	01/01/2010-
Number of shares	31/03/2011	31/03/2011	31/03/2010	31/03/2010
Weighted average number of common shares which are used for the calculation of the basic earnings per share	129.925.370	129.942.220	127.624.062	129.826.738
Dilution effect:
– Conversion of bond shares	223.605	206.754	2.524.933	322.244
Weighted average number of shares which are used for the calculation of the diluted
earnings per share	130.148.975	130.148.974	130.148.995	130.148.982
Diluted earnings per share
(€/share)	0,4944	0,0796	0,4984	0,1153

The analysis of basic and diluted earnings per share for the Company is as follows:

	THE COMPANY
Basic earnings per share	01/07/2010- 01/01/2011- 31/03/2011 31/03/2011		01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
(euro per share) Earnings attributable to the shareholders of the parent
company Weighted average number of shares	51.376.631 129.925.370	7.528.283 129.942.220	50.974.675 127.624.062	12.110.702 129.826.738
Basic earnings per share (euro per share)	0,3954	0,0579		0,0933
			THE COMPANY
	01/07/2010-	01/01/2011-	01/07/2009-	01/01/2010-

Diluted earnings per share	01/07/2010- 31/03/2011	01/01/2011- 31/03/2011	01/07/2009- 31/03/2010	01/01/2010- 31/03/2010
(euro per share) Earnings attributable to the
shareholders of the parent company Interest expense for	51.376.631	7.528.283	50.974.675	12.110.702
convertible bond (after taxes)	51.357	16.305	488.771	19.348
Diluted earnings attributable to the shareholders of the
parent company	51.427.988	7.544.588	51.463.446	12.130.050

	THE COMPANY
	01/07/2010-	01/01/2011-	01/07/2009-	01/01/2010-
Number of shares	31/03/2011	31/03/2011	31/03/2010	31/03/2010
Weighted average number of common shares which are used for the calculation of the basic earnings per share	129.925.370	129.942.220	127.624.062	129.826.738
Dilution effect:
– Conversion of bond shares	223.605	206.754	2.524.933	322.244
Weighted average number of shares which are used for the calculation of the diluted earnings per share	130.148.975	130.148.974	130.148.995	130.148.982
Diluted earnings per share (€/share)	0,3951	0,0579	0,3954	0,0932

On 8/9/2010 the bondholders beneficiaries of convertible bond loan issued on 8/9/2006, submitted 14 applications-statement of conversion option exercise in respect of a total of 30.955 bonds that are converted into a total of 65.026 new common nominal corporate shares with voting rights of nominal value € 1,40 each.

The above new shares were taken into account under the calculation of the weighted average number of shares of the Group.

On 08.03.2011, no application to exercise the right of conversion of the Convertible Bond Loan was submitted by beneficiary bond –holders.

The 98.415 bonds that were taken into account for the calculation of diluted earnings per share had not been converted up until 31.03.2011.

There is no other impact on the Group's or the Company's equity and net income from this.

4.4 Property plant and equipment

a. Information on property plant and equipment

The Group re-estimated the useful life of fixed assets as at the date of the IFRS first time adoption based on the actual conditions under which fixed assets are used and not based on taxation criteria.

According to Greek taxation laws the Company as at 31/12/2008 adjusted the cost value of its buildings and land. For IFRS purposes that adjustment was reversed because it does not fulfill the requirements imposed by IFRS.

Based on IFRS 1 the Group had the right to keep previous adjustments if the latter disclosed the cost value of fixed assets which would be estimated according to IFRS. The management of the Group estimates that values as disclosed as at the transition date is not materially far from the cost value which would have been estimated as at 30/6/2004 if IFRS had been adopted.

Based on the previous accounting principles there were formation accounts (expenses for acquisition of assets, notary and other expenses) which were depreciated either in a lump sum or gradually in equal amounts within five years. Based on IFRS and the Company's estimates those items increased the cost value of tangible assets, and their depreciation was re-adjusted based on accounting estimates made on the fixed assets charged (re-adjustment of useful life of tangible assets).

b. Depreciation

Depreciation of tangible assets (other than land which is not depreciated) is calculated based on the fixed method during their useful life which is as follows:

Buildings	30 – 35 years
Mechanical equipment	5 - 20 years
Transport	5 –10 years
Other equipment	4 - 10 years
Computers and software	3 – 5 years

c. Purchase of Tangible Assets and agreements for purchase of Tangible Assets.

The pure investments for the purchase of assets for the company for the period 01/7/2010-31/03/2011 reached the amount of € 12.686 thousand and for the Group €41.357 thousand.

On 31/03/2011 the Group had agreements for construction of buildings-civil works of € 8.660 thousand and the Company of €321 thousand.

The analysis of the Group's and Company's tangible assets is as follows: (amounts in €)

	THE GR OUP
	Lan d - eho ld Fre	Bui ldin and gs fix tur es on bui ldin gs - Fre eho ld	Tra ort atio nsp n me ans	Ma chin ery - fur nitu nd oth re a er ipm ent equ	Sof twa re	Fixe d a ts sse und er ion str uct con	Tot al	Lea seh old lan d and bu ildin gs	Lea sed of me ans atio tra ort nsp n	Tot al o f lea seh old fix ed ets ass	Tot al P ert rop y Pla nt a nd Equ ipm ent
Cos t
Cos t 30 /06 /20 09	96. 315 .363	177 .846 .377	543 .981	52. 049 .229	1.8 46.3 03	5.0 85.2 19	333 .68 6.4 72	6.22 7.26	3 3.0 91.4 59	9.3 18. 723	343 .00 5.1 94
late d de ciat ion Acc umu pre	0	(28 ) .765 .092	(48 0) 5.09	(29 ) .985 .000	(1.6 20) 56.4	0	(60 01) .89 1.6	(770 ) .454	(1.1 74) 48.5	(1.9 ) 19. 027	(62 29) .81 0.6
Net Co t 30 /06 /20 09 st a s a	96. 315 .36 3	149 .08 1.2 85	58. 891	22. 064 .22 9	189 .88 3	5.0 85. 219	272 .79 4.8 71	5.4 56. 810	1.9 42. 886	7.3 99. 695	280 .19 4.5 66
Cos /06 /20 t 30 10	110 .031 .794	209 .652 .766	1.6 11.9 39	58. 668 .469	1.9 74.5 18	20. 403 .543	402 .34 3.0 29	6.22 7.26	3 3.5 27.1 74	9.7 54. 437	412 .09 7.4 66
Acc late d de ciat ion umu pre	0	(35 .743 .487 )	(50 9.77 3)	(34 .641 .558 )	(1.7 69.4 01)	0	(72 .66 4.2 19)	(88 4.55 0)	(32 7.74 8)	(1.2 12. 297 )	(73 .87 6.5 16)
/06 /20 Net Co st a t 30 10 s a	110 .03 1.7 94	173 .90 9.2 79	1.1 02. 167	24. 026 .91 1	205 .11 7	20. 403 .54 3	329 .67 8.8 10	5.3 42. 713	3.1 99. 426	8.5 42. 139	338 .22 0.9 50
Cos t 31 /03 /20 11	111 .293 .739	252 .849 .389	1.6 11.9 39	67. 232 .726	2.1 59.8 48	8.4 24.2 52	443 .57 1.8 93	6.22 7.26	3 3.5 71.0 00	9.7 98. 263	453 .37 0.1 56
Acc late d de ciat ion umu pre	0	(42 ) .024 .128	(60 9) 4.34	(38 ) .709 .647	(1.8 08) 72.8	0	(83 33) .21 0.9	(970 ) .120	(64 9) 9.49	(1.6 ) 19. 619	(84 52) .83 0.5
Net Co t 3 1/0 3/2 011 st a s a	111 .29 3.7 39	210 .82 5.2 61	1.0 07. 590	28. 523 .07 9	287 .04 0	8.4 24. 252	360 .36 0.9 60	5.2 57. 143	2.9 21. 501	8.1 78. 644	368 .53 9.6 04

	THE CO MPA NY
	Lan d - Fre eho ld	Buil ding nd s a fixt ure s on buil ding s - Fre eho ld	Tra atio ort nsp n mea ns	Mac hine ry - furn itur nd e a oth qui nt er e pme	Sof twa re	Fixe d a ts sse und er ion str uct con	Tot al	Lea seh old land d an buil ding s	Lea sed of me ans tra ort atio nsp n	Tot al o f leas eho ld f ixed ets ass	Tot al P ert rop y Plan t an d Equ ipm ent
Cos t
Cos t 30 /06/ 200 9	64. 397 .676	147 .723 .915	395 .275	47.9 36.1 32	1.2 37.0 83	4.30 2.69 4	265 .99 2.7 75	6.22 7.26 3	3.09 1.45 9	9.3 18. 722	275 .31 1.4 97
d de Acc late iatio umu prec n	0	(25 ) .186 .769	(35 1) 1.62	(27 ) .644 .719	(1.0 70) 57.6	0	(54 80) .24 0.7	(770 ) .454	(1.1 73) 48.5	(1.9 27) 19.0	(56 07) .15 9.8
Net Co 30 /06 /20 09 st a s at	397 64. .67 6	122 .53 7.1 46	43. 654	20. 291 .41 4	179 2 .41	4.3 02. 694	211 1.9 95 .75	810 5.4 56.	1.9 42. 886	7.3 99. 695	219 90 .15 1.6
Cos t 30 /06/ 201 0	192 .080 67.	169 .393 .656	3.23 1.46 4	53.4 61.0 01	1.34 6.96 0	4.38 5.63 3	297 .50 5.3 02	6.22 7.26 3	3.5 27.1 73	9.7 436 54.	307 .25 9.7 38
Acc late d de iatio umu prec n	0	(31 ) .032 .997	(36 8) 8.74	(31 ) .814 .004	(1.1 20) 61.3	0	(64 69) .37 7.0	(884 ) .549	(32 7) 7.74	(1.2 ) 12. 296	(65 66) .58 9.3
Net Co st a s at 30 /06 /20 10	67. 192 .08 0	138 .62 3.3 96	1.0 94. 486	21. 646 .99 7	185 .64 0	4.3 85. 633	233 .12 8.2 32	5.3 42. 714	3.1 99. 426	8.5 42. 140	241 .67 0.3 72
Cos t 31 /03/ 201 1	68. 147 .344	178 .998 .670	1.46 3.23 4	58.7 64.9 54	1.47 0.57 3	1.08 8.37 2	309 .93 3.1 48	6.22 7.26 3	3.57 0.99 9	9.7 98. 262	319 .73 1.4 11
d de Acc late iatio umu prec n	0	(35 ) .751 .266	(46 4) 1.40	(35 ) .235 .284	(1.2 19) 47.5	0	(72 73) .69 5.4	(970 ) .120	(64 8) 9.49	(1.6 ) 19. 618	(74 92) .31 5.0
Net Co /03 /20 st a s at 31 11	68. 147 .34 4	143 .24 7.4 04	1.0 01. 830	23. 529 .67 0	223 .05 4	1.0 88. 372	237 .23 7.6 75	5.2 57. 143	2.9 21. 501	8.1 78. 644	245 .41 6.3 19

Movement in fixed assets in the periods for the Group is as follows: (amounts in €)

						THE GR OUP
	Lan d - Fre eho ld	Bui ldin and gs fixt n b uild ing ure s o s eeh old - Fr	Tra atio ort nsp n me ans	Ma chin ery - fur nitu nd oth re a er ipm ent equ	Sof twa re	Fixe d a nde ts u sse r str uct ion con	Tot al	Lea seh old lan nd bui d a ldin gs	Lea of tra sed me ans ort atio nsp n	Tot d fixe al o f le hol ase d a ts sse	Tot al P y P lan ert t rop and Eq uip nt me
Cos t
/6/ Bal t 30 200 9 anc e a s a	96. 315 .36 3	177 .84 6.3 77	543 .98 1	52. 049 .22 9	1.8 46. 303	5.0 85. 219	333 .68 6.4 72	6.2 27. 263	3.0 91. 459	9.3 18. 723	343 .00 5.1 94
- Ad ditio ns	13. 803 .166	31. 850 .472	1.0 74.4 36	6.8 40.0 91	128 .452	43. 730 .570	97. 427 .18 6		0 2.8 53.2 88	2.8 53. 288	100 .28 0.4 74
- De - tr fers crea ses ans	(5.9 45)	(44 ) .083	(6.4 78)	(22 51) 0.8	(23 6)	(28 ) .412 .246	(28 39) .68 9.8		(2.4 74) 0 17.5	(2.4 ) 17. 574	(31 12) .10 7.4
- Ex cha dif fere nge nce s	(80 .790 )	0	0	0	0	0	(80 .79 0)		0 0		0 (80 .79 0)
Net Co st a t 30 /06 /20 10 s a	110 .03 1.7 94	209 .65 2.7 66	1.6 11. 939	58. 668 .46 9	1.9 74. 518	20. 403 .54 3	402 .34 3.0 29	6.2 27. 263	3.5 27. 174	9.7 54. 437	412 .09 7.4 66
- Ad ditio ns	1.1 32.1 79	43. 196 .623	0	8.7 78.3 21	185 .390	23. 976 .894	77. 269 .40 7		0 43. 826	43. 826	77. 313 .23 3
- De - tr fers crea ses ans		0 0	0	(21 4) 4.06	(60 )	(35 ) .956 .185	(36 09) .17 0.3		0 0		(36 09) 0 .17 0.3
cha dif fere - Ex nge nce s	129 .766	0	0	0	0	0	129 .76 6		0 0		0 129 .76 6
Net Co t 3 1/0 3/2 011 st a s a	111 .29 3.7 39	252 .84 9.3 89	1.6 11. 939	67. 232 .72 6	2.1 59. 848	8.4 24. 252	443 .57 1.8 93	6.2 27. 263	3.5 71. 000	9.7 98. 263	453 .37 0.1 56
Dep iati rec on
/06 /20 Bal t 30 09 anc e a s a	0	(28 92) .76 5.0	(48 90) 5.0	(29 00) .98 5.0	(1. 0) 656 .42	0	(60 01) .89 1.6	(77 54) 0.4	(1. 4) 148 .57	(1. 7) 919 .02	(62 29) .81 0.6
- Ad ditio ns		0 (6.9 99.1 61)	(24 .683 )	(4.7 59.1 23)	(11 3.02 3)	0	(11 .89 5.9 90)	(11 4.09 6)	(51 3.81 5)	(62 7.9 11)	(12 .52 3.9 00)
- De - tr fers crea ses ans		0 20. 766	0	102 .565	41	0	123 .37 2		0 1.3 34.6 41	1.3 34. 641	1.4 58. 013
cha dif fere - Ex nge nce s		0 0	0	0	0	0	0		0 0		0 0
Net Co st a t 30 /06 /20 10 s a	0	(35 87) .74 3.4	(50 73) 9.7	(34 58) .64 1.5	(1. 1) 769 .40	0	(72 19) .66 4.2	(88 50) 4.5	(32 48) 7.7	(1. 8) 212 .29	(73 16) .87 6.5
- Ad ditio ns		(6.2 41) 0 80.6	(94 ) .576	(4.1 21) 37.7	(10 1) 3.43	0	(10 68) .61 6.3	(85 ) .570	(32 1) 1.75	(40 21) 7.3	(11 90) .02 3.6
- De fers - tr crea ses ans		0 0	0	69. 632	24	0	69. 656		0 0		0 69. 656
- Ex cha dif fere nge nce s		0 0	0	0	0	0	0		0 0		0 0
Net Co t 3 1/0 3/2 011 st a s a	0	(42 .02 4.1 28)	(60 4.3 49)	(38 .70 9.6 47)	(1. 872 .80 8)	0	(83 .21 0.9 33)	(97 0.1 20)	(64 9.4 99)	(1. 619 .61 9)	(84 .83 0.5 49)

Movement in fixed assets in the periods for the Company is as follows: (amounts in €)

						THE CO MPA NY
	Lan d - Fre eho ld	Buil ding nd s a fixt ure s on buil ding s - Fre eho ld	Tra atio ort nsp n mea ns	Mac hine ry - furn itur nd e a oth qui nt er e pme	Sof twa re	Fixe d a ts sse und er ion str uct con	Tot al	Lea seh old land d an buil ding s	Lea sed of me ans tra ort atio nsp n	Tot al o f leas eho ld f ixed ets ass	Tot al P ert rop y Plan t an d Equ ipm ent
Cos t
Bala at 3 0/6 /20 09 nce as	64. 397 .67 6	147 .72 3.9 15	395 .27 5	47. 936 .13 2	1.2 37. 083	4.3 02. 694	265 .99 2.7 75	6.2 27. 263	3.0 91. 459	9.3 18. 722	275 .31 1.4 97
- Ad ditio ns	2.80 0.34 9	21.9 76.5 61	1.07 4.43 7	5.70 8.85 7	110 .114	18.6 63.2 12	50. 333 .52 9		2.85 3.28 8	2.8 53. 288	53. 186 .81 7
- De - tra nsfe crea ses rs	(5.9 45)	(44 ) .083	(6.4 78)	(18 8) 3.98	(23 6)	(18 ) .580 .273	(18 3) .82 1.00		(2.4 74) 17.5	(2.4 ) 17. 574	(21 76) .23 8.5
- Ex cha diff nge ere nce s							0			0
Net Co 30 /06 /20 10 st a s at	67. 192 .08 0	169 .65 6.3 93	1.4 63. 234	53. 461 .00 1	1.3 46. 960	4.3 85. 633	297 .50 5.3 02	6.2 27. 263	3.5 27. 173	9.7 54. 436	307 .25 9.7 38
- Ad ditio ns	955 .264	9.34 2.27	7 0	18.0 5.5 17	123 .673	8 6.27 4.27	22. 213 .50 9	0	43.8 26	826 43.	22. 257 .33 5
- De nsfe - tra crea ses rs	0		0	(21 4.06 4)	(60)	(9.5 71.5 39)	(9.7 85. 663 )	0		0	(9.7 85. 663 )
- Ex cha diff nge ere nce s	0		0				0			0
Co /03 /20 Net st a s at 31 11	68. 147 .34 4	178 .99 8.6 70	1.4 63. 234	58. 764 .95 4	1.4 70. 573	1.0 88. 372	309 .93 3.1 48	6.2 27. 263	3.5 70. 999	9.7 98. 262	319 .73 1.4 11
	0,0 0 0	0,0 0 29	0,0 0 0	0,0 0 4	0,0 0 0	0,0 0 0	0,0 0	0,0 0 0	0,0 0 0		0,0 0
Dep iati rec on	0,0	-0,	0,0	0,2	0,0	0,0		0,0	0,0		-0,0 5
Bala at 3 0/0 6/2 009 nce as	0	(25 .18 6.7 69)	(35 1.6 21)	(27 .64 4.7 19)	(1.0 670 ) 57.	0	(54 .24 0.7 80)	(77 0.4 54)	(1. 148 3) .57	(1.9 19.0 27)	(56 .15 9.8 07)
- Ad ditio ns		(5.8 94) 66.9	(17 ) .127	(4.2 71) 67.0	(10 1) 3.69		(10 4.8 83) .25	(114 ) .095	(51 3.81 5)	(62 10) 7.9	(10 .88 92) 2.7
- De nsfe - tra crea ses rs		20.7 66		97.7 86	41		118 .59 3		1.33 4.64 1	1.3 34. 641	1.4 53. 234
- Ex cha diff nge ere nce s							0			0	0
/06 /20 Net Co st a s at 30 10	0	(31 97) .03 2.9	(36 48) 8.7	(31 04) .81 4.0	(1. 0) 161 .32	0	(64 69) .37 7.0	(88 49) 4.5	(32 47) 7.7	(1. 6) 212 .29	(65 66) .58 9.3
- Ad ditio ns		(4.7 69) 18.2	(92 ) .656	(3.4 12) 90.9	(86 ) .223		(8.3 ) 88. 059	(85. ) 571	(32 1) 1.75	(40 22) 7.3	(8.7 ) 95. 382
- De - tra nsfe crea ses rs				69.6 32	24		69. 656			0	69. 656
- Ex cha diff nge ere nce s							0			0	0
Net Co 31 /03 /20 11 st a s at	0	(35 .75 1.2 66)	(46 1.40 4)	(35 .23 5.2 84)	(1. 247 .51 9)	0	(72 .69 5.4 72)	(97 0.1 20)	(64 9.4 98)	(1. 619 .62 0)	(74 .31 5.0 92)

d. Encumbrances on fixed assets

There are no encumbrances on the parent company's fixed assets while for the subsidiary company Jumbo Trading LTD there are the following mortgages and prenotation of mortgage:

	31/03/2011
	€
Bank of Cyprus:
Building in Lemessos	4.271.504
Building in Lemessos	2.562.902
	6.834.406

4.5 Investment property (leased properties)

The Group defined as investment property, investments in real estate buildings and land or part of them which could be measured separately and constituted a main part of the building or land under exploitation. The Group measures those investments at cost less any impairment losses.

Summary information regarding those investments is as follows:

(amounts in €)		Income from rents
Location of asset	Description – operation of asset	1/7/2010 – 31/03/2011	1/7/2009 – 31/03/2010
Thessaloniki port	An area (parking space for 198 vehicles) on the first floor of a building, ground floor in the same building of 6.422,17 sq. m. area	43.430	60.420
Nea Efkarpia	Retail Shop	249.010	253.495
Psychiko	Retail Shop	21.305	20.554
Total		313.745	334.469

None of the subsidiary had any investment properties until 31/03/2011. Net cost of those investments is analyzed as follows:

	THE GROUP
	Investment in Property
Cost 31/03/2010	11.701.866
Accumulated depreciation	(3.634.475)
Net Cost as at 31/03/2010	8.067.391
Cost 31/03/2011	11.701.866
Accumulated depreciation	(4.024.147)
Net Cost as at 31/03/2011	7.677.719

Movements in the account for the period are as follows:

	THE GROUP
	Investment Property
Cost
Balance as at 30/6/2010	11.701.866
- Additions	-
- Decreases – transfers	-
Balance as at 31/03/2011	11.701.866
Depreciation
Balance as at 30/6/2010	(3.731.893)
- Additions	(292.254)
- Decreases – transfers	-
Balance as at 31/03/2011	(4.024.147)

Fair values are not materially different from the ones disclosed in the Company's books regarding those assets.

4.6 Investments in subsidiaries

The balance in the account of the parent company is analyzed as follows:

Company	Head offices	Participation rate	Amount of participation In €
JUMBO TRADING LTD	Avraam Antoniou 9- 2330 Kato Lakatamia Nicosia – Cyprus	100%	11.074.190
JUMBO EC.B	Sofia, Bu.Bulgaria 51-Bulgaria	100%	69.904.338
JUMBO EC.R	Bucharest (apartment n.5, Int. Vasil Paun number 1, 3rd floor, administrative area 5)	100%	73
			80.978.602

In the Company's financial statements, investments in subsidiaries are valued at their acquisition cost that is constituted by the fair value of the purchased price reduced with the direct expenses, related with the purchase of the investment.

During the period the subsidiary company JUMBO EC. B LTD proceeded to four Share Capital Increases' of € 18m as a total. At the end of the period, the subsidiary share capital amounted to € 69.904 thοus. The above Share Capital increases were covered to the rate of 100% by the parent company JUMBO S.A. The purpose of the above share capital increase is further expansion of the Group in Bulgaria.

4.7 Cash and cash equivalents

		THE GROUP	THE COMPANY
Cash and cash equivalents	31/03/2011	30/6/2010	31/03/2011	30/6/2010
(amounts in euro)
Cash in hand	2.098.815	2.265.210	1.953.776	2.199.718
Bank account balances
	12.741.198	5.817.356	4.781.673	5.094.686
Sight and time deposits	147.153.126	132.968.308	113.339.955	93.227.984
Total	161.993.139	141.050.874	120.075.404	100.522.388

Sight deposits pertain to short term investments of high liquidity. The interest rate for time deposits was 1,20% - 5,30% while for sight deposits it was 0,10%-0,87% for the Group.

4.8 Equity

4.8.1 Share capital
	Number of shares	Nominal share value	Value of ordinary shares	Share premium	Total
Balance as at July 1st 2009	121.234.716	1,40	169.728.602	7.547.078	177.275.680
Movement in the period	8.642.478	1,40	12.099.470	33.438.966	45.538.436
Balance as at 30th June 2010	129.877.194	1,40	181.828.072	40.986.044	222.814.116
Movement in the period	65.026	1,40	91.036	263.306	354.342
Balance as at 31st March 2011	129.942.220	1,40	181.919.108	41.249.350	223.168.458

According to the 09.09.2010 decision of the Board of Directors, the company's share capital increase was confirmed by the amount of € 91.036,40 with the issuance of 65.026 new common nominal shares of nominal value € 1.40each, which resulted from the conversion of 30.955 bonds on 08.09.2010 of the Convertible Bond Loan of the company, issued on 08.09.2006. The 65.026 new common nominal shares of the Company are not eligible for dividend for the year 2009/2010 and are eligible for dividend of the year 2010/2011 and are negotiable as new series since 5 October 2010.

At the ex-dividend date, i.e. at 23.12.20109 the 65.026 common nominal shares of the company stopped being traded. The abovementioned shares started being traded again at 30/12/2010. From that date all the company's shares (129.942.220) are traded in the same series.

Following the conversion of the aforementioned bonds, the Share Premium item increased by € 266.959, while the expenses pertaining to the share capital increase amount of €4.566 decreased by the amount of € 913 which concerns deferred tax. On 8.3.2011, no application to exercise the right of conversion of the Convertible Bond Loan was submitted by beneficiary bond –holders.

DEVELOPMENT OF SHARE CAPITAL FROM 1/7/2010-31/03/2011
Date of G .M.	Number of issue of Gov. Gazette	Nominal Value of	Conversion of bonds	With capitalisation of	Number of new	Total number of	Share capital after the
		Shares		reserve funds	shares	shares	increase of S. C.
		1,40				129.877.194	181.828.072
08.09.2010Decis ion of the BOD	11090/24/09/2010	1,40	30.955	-	65.026	129.942.220	181.919.108

4.8.2 Other reserves

The analysis of other reserves is as follows:

		THE GROUP - THE COMPANY
(amounts in euro)	Legal reserve	Tax free reserves	Extraordinary reserves	Special reserves	Other reserves	Total
Balance at 1st July 2009	13.510.890	1.797.944	12.123.471	14.230	9.355	27.455.890
Changes in the period	4.040.581	-	54.555.622	-	(9.070)	58.587.133
Balance at 30st June 2010	17.551.471	1.797.944	66.679.093	14.230	285	86.043.023
Changes in the period	3.100.548	-	42.106.016	-	(68)	45.206.497
Balance at 31 March 2011	20.652.019	1.797.944	108.785.110	14.230	217	131.249.520

4.9 Loan liabilities

Long term loan liabilities of the Group are analyzed as follows:

	THE GROUP		THE COMPANY
Loans	31/03/2011	30/6/2010	31/03/2011	30/6/2010
(amounts in euro)
Long term loan liabilities
Bond loan convertible to shares	1.224.015	1.551.755	1.224.015	1.551.755
Bond loan non convertible to
shares	145.398.639	145.299.989	145.398.639	145.299.989
Other bank loans	3.004.401	2.882.857	-	-
Liabilities from financial leases	5.463.480	5.939.565	5.463.480	5.939.565
Total	155.090.535	155.674.166	152.086.134	152.791.309

4.10 Long term loans

Bond loan convertible to shares

The Second Repeatable Extraordinary General Meeting of the company shareholders held on 7/6/2006 approved the issues of the bond loan convertible into common nominal shares with voting rights and preference option of the old shareholders up to € 42.432.150,00 (hereafter «the Loan»). The above Convertible Bond Loan was covered by 100%, i.e. € 42.432.150,00 and is divided into 4.243.215 common nominal bonds of nominal value € 10,00 per bond. Based on the conditions of the Loan and the relevant decisions of the company Board of Directors, every 1 bond provides the bondholder its conversion right to 2,100840336 common nominal shares of the company of nominal value € 1,40 each ( «Conversion Ratio»). The conversion price is € 4,76 per share. The conversion option can be exercised for the first time on the first day of the beginning of the forth (4th) year as starting from the Loan issue date (in particular, on 08.09.2009) and can be thereafter exercised per six months, the corresponding to the date of the Loan issue every month.

On 08.09.2010 the bondholders beneficiaries submitted 14 applications-statements in respect of conversion of a total of 30.955 bonds of the above CBL, converted into a total of 65.026 new common nominal corporate shares with voting rights of nominal value € 1,40 each.

These new 65.026 common nominal shares are entitled to dividends of the current corporate year from 1.7.2010 to 30.6.2011, during which there were exercised conversion options, while they are not entitled to dividends of the corporate year from 1.7.2009 to 30.6.2010. At 23.12.2010 (ex-dividend date) the 65.026 new common nominal shares of the company had stopped being traded. The abovementioned shares started being traded again 30.12.2010. From that date all the company's shares (129.942.220) were traded in the same series.

.On 08.03.2011, no application to exercise the right of conversion of the Convertible Bond Loan was submitted by beneficiary bond –holders. From the above Convertible Bond Loan, on 31.03.2011 there have not been converted 98.415 bonds of nominal value € 10,00 per bond.

Common Bond Loan.

The Company until the end of the previous financial year 30.06.2010 had proceeded with the issuance of all the bond of the series of the Common Bond Loan amount of € 145m. The nominal amount of the bond shall be repaid in full by the Issuer on May 24th 2014.

Other Bank Loans

Other bank loans concern the subsidiary company JUMBO TRADING LTD. These loans are repaid in monthly installments until April 2014.

These bank loans are secured as follows:

I. Mortgage value € 6.834.406 for the Land owners of JUMBO TRADING LTD at Lemeso. (Note No 4.4d)

JUMBO TRADING LTD has the following unused cash facilitations:

Amounts in €	31/03/2011	30/6/2010
Floating Rate Expiration after a year	900.000	900.000

Expiration of long term loans is broken down as follows:

		THE GROUP	THE COMPANY
Amounts in €	31/03/2011	30/6/2010	31/03/2011	30/6/2010
From 1 to 2 years	2.706.525	3.923.756	1.224.015	1.551.755
From 2 to 5 years	147.217.031	146.996.845	145.398.639	145.299.989
After 5 years	-	-	-	-
	149.923.556	150.920.601	146.622.654	146.851.744

4.11 Financial leases

The Group has signed a financial leasing contract for a building in Pilaia Thessaloniki which is used as a shop as well as for transportation equipment.

In detail, liabilities from financial leases are analyzed as follows:

	THE GROUP		THE COMPANY
(amounts in euro)	31/03/2011	30/6/2010	31/03/2011	30/6/2010
Up to 1 year	814.428	790.358	814.428	790.358
From 1 to 5 years	3.904.208	4.482.173	3.904.208	4.482.173
After 5 years	2.057.204	1.936.140	2.057.204	1.936.140
	6.775.840	7.208.671	6.775.840	7.208.671
	(637.688)	(602.361)	(637.688)	(602.361)
Future debits of financial leases Present value of financial lease liabilities	6.138.152	6.606.310	6.138.152	6.606.310
	THE GROUP		THE COMPANY
The current value of financial lease liabilities is:	31/03/2011	30/6/2010	31/03/2011	30/6/2010
Up to 1 year	674.674	666.745	674.674	666.745
From 1 to 5 years	3.548.895	4.105.213	3.548.895	4.105.213
After 5 years	1.914.583	1.834.352	1.914.583	1.834.352
	6.138.152	6.606.310	6.138.152	6.606.310

4.12 Short-term loan liabilities / long term liabilities payable in the subsequent year

The Group's current loan liabilities are broken down as follows:

	THE GROUP		THE COMPANY
(amounts in euro)	31/03/2011	30/6/2010	31/03/2011	30/6/2010
long term liabilities payable in the subsequent year Bank loans payable in the subsequent
year Liabilities from financial leases	296.502	1.186.001	-	-
payable in the subsequent year	674.674	666.745	674.674	666.745
Total	971.176	1.852.746	674.674	666.745

4.13 Deferred tax liabilities

Deferred tax liabilities as deriving from temporary tax differences are as follows:

	THE GROUP
	31/03/2011		30/6/2010
(amounts in euro) Non current assets	Asset	Liability	Asset	Liability
Tangible assets	-	6.014.194	-	5.043.644
Tangible assets from financial leases	83.132	-	-	379.085
Inventories	-	-	-	-
Equity Deferred tax regarding share capital expenses Offsetting of deferred tax from bond loan conversion	80.773 -	- 76	79.859 -	- 100
Long term liabilities
Provisions	-	2.310	380	-
Benefits to employees	696.021	-	585.080	-
Long-term loans	-	47.114	-	109.560
Total	859.926	6.063.694	665.319	5.532.389
Deferred tax liability		5.203.768		4.867.070

For the company the respective accounts are analyzed as follows:

		THE COMPANY
	31/03/2011		30/6/2010
(amounts in euro)	Asset	Liability	Asset	Liability
Non current assets
Tangible assets	-	6.015.435	-	5.044.852
Tangible assets from financial leases	83.132	-	-	379.085
Inventories	-	-	-	-
Equity
Deferred tax regarding share capital expenses	80.773	-	79.859	-
Offsetting of deferred tax from bond loan conversion	-	76	-	100
Long term liabilities
Provisions	-	2.903	-	-
Benefits to employees	692.942	-	581.398	-
Long-term loans	-	51.570	-	110.814
Total	856.847	6.069.984	661.257	5.534.851
Deferred tax liability		5.213.137		4.873.594

4.14 Current tax liabilities

The analysis of tax liabilities is as follows:

		THE GROUP	THE COMPANY
Current tax liabilities	31/03/2011	30/6/2010	31/03/2011	30/6/2010
(amounts in euro)
Expense for tax corresponding the period	25.418.134	43.650.937	23.910.707	42.799.654
Liabilities from taxes	9.211.950	3.492.867	9.122.958	2.807.289
Total	34.630.084	47.143.804	33.033.665	45.606.943

4.15 Cash flows from operating activities

(amounts in euro) Cash flows from operating activities Net profit for the period Adjustments for: Income taxes Depreciation of non current assets Pension liabilities provisions (net) Other provisions Profit/ (loss) from sales of non current assets	THE GROUP		THE COMPANY
	31/03/2011	31/03/2010	31/03/2011	31/03/2010
	64.292.442	64.374.246	51.376.631	50.974.675
	17.738.239 11.315.945	31.740.654 9.435.701	16.230.812 9.087.636	30.182.407 8.246.862
	559.857 -	441.006 (338.623)	557.724 -	439.296 (338.623)
	6.014	21.775	6.014	21.876
Interest and related income	(4.753.796)	(3.261.775)	(3.818.022)	(1.990.011)
Interest and related expenses	4.580.413	5.052.155	4.393.776	4.840.273
Other Exchange Differences	(14.856)	814	(14.509)	814
Operating profit before change in
working capital	93.724.258	107.465.953	77.820.062	92.377.569
Change in working capital
(Increase)/ decrease in inventories (Increase)/ decrease in trade and other	11.808.830	25.602.341	16.105.993	25.796.306
receivables (Increase)/ decrease in other current	7.394.115	(2.524.470)	(1.197.585)	(7.591.850)
assets	(3.140.598)	2.147.248	1.322.322	2.249.425
Increase/ (decrease) in trade payables	13.818.359	2.655.234	12.273.090	2.892.411
Other	(6.765.888)	178.398	(6.763.070)	178.408
	23.114.818	28.058.752	21.740.750	23.524.700
Cash flows from operating activities	116.839.076	135.524.705	99.560.812	115.902.269

4.16 Contingent assets - liabilities

Unaudited financial periods for the Group on 31.03.2011 are analyzed as follows:

Company	Unaudited Financial Periods
JUMBO Α.Ε.Ε.	01.07.2009-30.06.2010
JUMBO TRADING LTD	01.01.2005-30.06.2005
	01.07.2005-30.06.2006
	01.07.2006-30.06.2007
	01.07.2007-30.06.2008
	01.07.2008-30.06.2009
	01.07.2009-30.06.2010

JUMBO EC.B LTD 01.01.2007-31.12.2007 01.01.2008-31.12.2008 01.01.2009-31.12.2009 01.01.2010-31.12.2010 JUMBO EC.R S.R.L 01.08.2006-31.12.2006 01.01.2007-31.12.2007 01.01.2008-31.12.2008 01.01.2009-31.12.2009 01.01.2010-31.12.2010 ASPETΤO LTD 01.08.2006-31.12.2006 01.01.2007-31.12.2007 01.01.2008-31.12.2008 01.01.2009-31.12.2009 01.01.2010-31.12.2010 WESTLOOK SRL 01.10.2006-31.12.2006 01.01.2007-31.12.2007 01.01.2008-31.12.2008 01.01.2009-31.12.2009 01.01.2010-31.12.2010

The Company has been inspected by the tax authorities until 30.06.2009. The fiscal year that has not had a tax audit is the one ended on 30.06.2010. Consequently it is possible that additional taxes will be imposed after final inspections from the tax authorities. The outcome of the tax inspection can not be predicted at this point. However the Company has conducted an accumulative provision for contingent tax liabilities which could occur from relevant tax inspection of the amount of € 319 thousand.

The subsidiary company JUMBO TRADING LTD which operates in Cyprus has been inspected by the Cypriot tax authorities until 31.12.2004. The subsidiary company JUMBO TRADING LTD prepares its financial statements in compliance with IFRS and consequently it charges its results with relevant provisions for uninspected tax years, whenever necessary. It is noted that due to the fact that the Cypriot tax authorities operate in a different status, and due to the fact that there were no tax differences after the last tax audit control, no provision for further tax liabilities has been done by the company.

The subsidiary company JUMBO EC.B LTD commenced its operation on 07.12.2007 and has had a tax audit imposed by the Bulgarian Tax Authorities, up to 31.12.2006. The financial years that have not had a tax audit are 01.01.2007-31.12.2007, 01.01.2008-31.12.2008, 01.01.2009-31.12.2009 and 01.01.2010-31.12.2010. It is noted that due to the fact that the local tax authorities operate in a different status and the fact that the company prepares its financial statements in compliance with IFRS conducting provisions for additional taxes from potential tax audit whenever is necessary. As a result it is not considered necessary to conduct provisions for additional taxes from potential tax audit.

The subsidiary companies JUMBO EC.R S.R.L and WESTLOOK SLR in Romania, ASPETΤO LTD in Cyprus, they have not yet started their commercial activity and, therefore, no issue of un-audited fiscal years and further tax liabilities arises .

5. Transactions with related parties

The Group includes apart from "JUMBO SA" the following related companies:

1. The affiliated company with the name "Jumbo Trading Ltd", in Cyprus, of which the Parent company possesses the 100% of shares and voting rights of it. Affiliated company JUMBO TRADING LTD participates with percentage 100% in the share capital of ASPETO LTD and ASPETO LTD participates with percentage 100% in the share capital of WESTLOOK SRL.

2. The affiliated company in Bulgaria with name "JUMBO EC. B. LTD" that resides in Sofia of Bulgaria, of which the parent company possesses the 100% of shares and voting rights.

3. The affiliated company in Romania with name "JUMBO EC. R. SRL" that resides in Bucharest of Romania, in which Parent Company possesses the 100% of shares and voting rights of it.

Income/ Expenses (amounts in Euro)	31/03/2011	31/03/2010
Sales of JUMBO SA to JUMBO TRADING LTD	21.548.509	14.779.970
Sales of JUMBO SA to JUMBO EC.B	11.977.521	8.344.484
Sales of Jumbo Trading LTD to Jumbo EC.B	108.135	-
Sales of tangible assets JUMBO SA to JUMBO EC.B	48.554	48.415
Sales of tangible assets JUMBO SA from JUMBO TRADING LTD	-	36.862
Sales of tangible assets JUMBO SA to JUMBO TRADING LTD	90.124	880
Sales of services JUMBO SA to JUMBO EC.B	77.764	49.849
Sales of services JUMBO SA to JUMBO TRADING LTD	840	1.788
Purchases of JUMBO SA from JUMBO EC.B	719.161	769.460
Purchases of JUMBO SA from JUMBO TRADING LTD	273.883	994.440
	34.844.491	25.026.147
Net balance arising from transactions with the subsidiary companies	31/03/2011	30/06/2010
Amounts owed to JUMBO SA from JUMBO TRADING LTD	5.960.461	2.710.463
Amounts owed by JUMBO SA to JUMBO TRADING LTD	38.268	77.368
	5.998.729	2.787.831
Amounts owed to JUMBO SA from JUMBO EC.B.LTD	10.335.731	5.422.700
Amounts owed by JUMBO SA to JUMBO EC.B LTD	213.997	363.135
	10.549.728	5.785.835
Amounts owed to JUMBO SA from JUMBO EC.R. SRL	16.765	16.765
Amounts owed by JUMBO SA to JUMBO EC.R. SRL.	-	-
	16.765	16.765

The following transactions were carried out with the affiliated undertakings:

The sales and the purchases of merchandises concern types that the parent Company trades: toys, infant products, stationery, home and seasonal products. All the transactions that are described above have been realized under the usual terms of market. Also, the terms that condition the transactions with the above related parties are equivalent with those that prevail in transactions in clearly trade base (provided that these terms can be argued).

6. Fees to members of the BoD

The transactions with Directors and Board Members are presented below:

Amounts in euro	THE GROUP	THE COMPANY
	31/03/2011	31/03/2011
Short term employee benefits:
Wages and salaries	757.215	385.128
Insurance service cost	40.418	16.707
Other fees and transactions to the members of the BoD	766.177	766.177
	1.563.810	1.168.012
Pension Benefits:	31/03/2011	31/03/2011
Defined benefits scheme	-	-
Defined contribution scheme	-	-
Other Benefits scheme	27.155	27.155
Payments through Equity	-	-
Total	27.155	27.155
Transactions with Directors and Board Members

	THE GROUP	THE COMPANY
(amounts in euros)	31/03/2010	31/03/2010
Short term employee benefits:
Wages and salaries	623.652	281.832
Insurance service cost	38.778	15.534
Other fees and transactions to the members of the BoD	889.143	858.073
	1.551.573	1.155.439
Pension Benefits:	31/03/2010	31/03/2010
Defined benefits scheme
Defined contribution scheme
Other Benefits scheme	20.355	20.355
Payments through Equity	-	-
Total	20.355	20.355

No loans have been given to members of BoD or other management members of the Group (and their families) and there are neither assets nor liabilities given to members of BoD or other management members of the Group and their families.

7. Lawsuits and legal litigations

Since the Company's establishment up today, no termination procedure of activity has taken place. There are no lawsuits or legal litigations that might have significant effect on the financial position or profitability of the Group.

The litigation provision balance as of 31 March 2011 amounts to € 20.050 for the Company.

8. Number of employees

On 31st March 2011 the Group employed 3.289 people, from which 3.182 permanent personnel and 107 seasonal personnel while the mean of personnel for the period of current financial year i.e. from 01/07/2010 to 31/03/2011 amounted to 3.727 individuals (3.141 permanent personnel and 586 seasonal personnel). In more detail: Parent Company at 31st March 2011 occupied in total 2.761 individuals (2.722 permanent and 39 seasonal personnel), the Cypriot subsidiary company Jumbo Trading Ltd in total 276 individuals (208 permanent and 68 seasonal personnel) and the subsidiary company in Bulgaria 252 individuals permanent personnel.

9. Seasonal fluctuation

The demand for the company's products is seasonal. It is higher in the period of September, Christmas and Easter.

The income from the product sales of the Group for the nine months of this period reached to 76,48% of the total sales of the previous period ( 01.07.2009 – 30.06.2010 ).

The same income of the comparable period 01.07.2009-31.03.2010 reached to 80,95% of the total income of the period 01.07.2009 – 30.06.2010.

It is noted that the nine months of the current financial year does not include the sales of Easter period as the respective period last year which included part of the sales of Easter season as a result of its early celebration.

10. Important events of the period 01/07/2010-31/03/2011

During period the Group opened six new stores. Three in Greece, one in Cyprus and two in Bulgaria. At 31/03/2011 the company operated 51 stores of which 44 in Greece, 3 in Cyprous and 4 in Bulgaria.

According to as at 09.09.2010 decision of the Board of Directors, the company's Share Capital increase by the amount of €91.036,40 was confirmed, with the issuance of 65.026 new common nominal shares, of

nominal value € 1.40 each, arising from the conversion of 30.955 bonds on 08.09.2010 of the Convertible Bond Loan of the Company, issued on 08.09.2006. On 08.03.2011, no application to exercise the right of conversion of the Convertible Bond Loan was submitted by beneficiary bond –holders. As a result, the Company's Share Capital rises to € 181.919.108,00 consisting of 129.942.220 common shares of nominal value € 1,40 each.(notes 4.8.1 and 4.10).

During the period the subsidiary company JUMBO EC. B LTD proceeded to four Share Capital Increases' of € 18m as a total. At the end of the period, the subsidiary share capital amounted to € 69.904 thοus. The above Share Capital increases were covered to the rate of 100% by the parent company JUMBO S.A.

The Annual General Meeting of the company's shareholders which was held on 08.12.2010, approved the distribution of a dividend for the financial year from 1.7.2009 to 30.6.2010 of total amount € 24.546.789,67, ie. EUR 0,189 (gross) per share (129.877.194 shares). 10% dividend tax will be applied on dividend. Beneficiaries of the dividend were the investors (of the 129.877.194 shares), who were registered in the DSS on 28.12.2010 (Record Date). From Thursday 23.12.2010 the Company's shares were negotiable at the Athens Stock Exchange without a consequent right to receive a dividend for the financial year 2009/2010. Payment of the dividend started on Monday 03.01.2011. According to the term 8.3 of the Convertible Bond Loan the 65.026 common nominal shares issued form the conversion of 30.955 bonds are not eligible to the dividend of the financial year ended at 30.6.2010 while there are eligible to dividend of the current financial year (01.07.2010-30.06.2011) in which the right of conversion was exercised.

JUMBO SA has signed a commercial agreement with the independent customer Veropoulos Dooel. Veropoulos Dooel has a mall in FYROM inside which, operate a super market, retail stores of apparel and accessories, restaurants and other entertainment stores. According to the agreement, JUMBO SA will sell products to Veropoulos Dooel that will sell them to a store in that mall which will have the Jumbo brand.

11. Events subsequent to the statement of financial position

There are no subsequent events to the financial statements that affect the Group or the Company, for which reference according to IFRS is required.

Moschato, May 18th , 2011

The responsible for the Financial Statements

The President of the Board of Directors & Managing Director

The Vice-President of the Board of Directors

The Financial Director The Head of the Accounting Department

Evangelos-Apostolos Vakakis son of Georgios Passport no AB0631716/2006 Identity card no X

Ioannis Oikonomou son of Christos 156531/2002

Kalliopi Vernadaki daughter of Emmanouil Identity card no Φ 099860/2001 Identity card no Λ

Panagiotis Xiros son of Kon/nos 370348/1977

H. FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2010 TO 31 MARCH 2011

					REG No. 7650/06/B/86/04	JUMBO SOCIETE ANONYME
					Cyprou 9 and Hydras Street, Moschato Attikis	FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2010 TO 31 MARCH 2011 According to the Resolution 4/507/28.04.2009 of the Hellenic Capital Market Commission's BOD
The following figures and information that derive from the Financial Statements, aim to give summary information about the financial position and the results of JUMBO S.A. and JUMBO Group. Consequently, we recommend the reader, before proceeding to any type of investment choice or other transaction with the Company, to visit the company's web-site, where the Financial Statements prepared according to the International Financial Report Standards are posted, as well as the Auditor's Report, whenever this is required.
Company's Web Site: Date of approval of the Interim Financial Statements by the Board of Directors: Certified Auditors:			www.jumbo.gr May 18th, 2011		Deligiannis Georgios, S.O.E.L Reg.No 15791
Auditing company:				Grant Thornton Reg.No 127	Christopoulos Panagiotis, S.O.E.L Reg.No 28481
Auditor's opinion	STATEMENT OF FINANCIAL POSITION		Not required				CASH FLOW STATEMENT - INDIRECT METHOD (consolidated and non-consolidated) sums in C
	(consolidated and non-consolidated) sums in C	THE GROUP		THE COMPANY				THE GROUP 1/7/2010-	1/7/2009	01/7/2010-	THE COMPANY 01/7/2009
ASSETS	31/03/2011	30/06/2010	31/03/2011	30/06/2010	Operating activities			31/3/2011	31/3/2010	31/3/2011	31/3/2010
Tangible fixed assets for own use	368.539.604	338.220.950	245.416.319	241.670.372	Net profit for the period Plus/minus adjustments for			64.292.442	64.374.246	51.376.631	50.974.675
nvestments in real estate Other fixed assets	7.677.719 13,628.184	7.969.973 2.864.943	7.677.719 90.665.190	7.969.973 65 840 055	ncome taxes Depreciation of tangible assets			17.738.239 11.315.945	31.740.654 9.435.701 441.006	16.230.812 9.087.636	30.182.407 8.246.862
inventaries Trade debtors	164.626.903 22.538.681	176.435.733 21.984.365	149.166.875 37.855.744	165.272.868 28.867.953	Pension liability provisions (net) Other provisions	Profit/(loss) from investment activities		559.857	(338.623)	557.724	439.296 (338.623)
Other current assets TOTAL ASSETS	199,378.091 776.389.182	188,601.023 736.076.987	154.886.484 685.668.331	145,582,344 655.203.565	(profits, losses, income, expenses) interest and related income			6.014 (4.753.796)	21,775 (3.261.775)	6.014 (3.818.022)	21.876 (1.990.011)
EQUITY AND LIABILITIES					interest and related expenses Exchange Differences			4.580.413 (14.856)	5.052.155 814	4.393.776 (14.509)	4.840.273 814
Share Capital Other Shareholder's Equity Items	181,919,108 310.780.558	181.828.072 270.645.113	181.919.108 230.490.074	181.828.072 203.396.995	the operating capital	Operating profit before changes in		93.724.258	107.465.953	77.820.062	92.377.569
Total Shareholder's Equity (a) Minority interests (b)	492.699.666	452.473.185	412.409.182	385.225.067	Changes in Working Capital IncreaseVdecrease in inventories			11,808.830	25.602.341	16.105.993	25.796:306
Total Equity (c)= (a)+(b)	492.699.666	452.473.185	412.409.182	385.225.067		Increase)/decrease in trade and other receivables Increase)/decrease in other current assets		7.394.115 (3.140.598)	(2.524.470) 2.147.248	(1.197.585) 1.322.322	(7.591.850) 2.249.425
Long term liabilities from loans Provisions / Other long term liabilities	155.090.535 8.718.556	155.674.166 8.120.240	152.086.134 8.721.997	152.791.309 7.792.826	Other Minus	Increase / (Decrease) in liabilities (excluding loans)		13.818.359 (6.765.888)	178.399	12.273.090 (6.763.070)	2.892.411 178.408
Other short term liabilities	119.880.425	119.809.396	112.451.018	109.394.363	interest expense paid ncome tax paid			(4.258.371) (26.382.198)	(3.871.051) (24.439.941)	(4.124.917) (24.532.934)	(3.721.416) (22.726.037)
Total liabilities (d) Total Equity and Liabilities (c) + (d)	283.689.516 776.389.182	283.603.802 736.076.987	273.259.149 685.668.331	269.978.498 655.203.565		Total cash flows from operating activities (a)		86.198.507	107.213.713	70.902.961	89.454.816
					Investment activities	Share Capital increase of subsidiaries				(17,998,804)	(20.000.000)
	STATEMENT OF CHANGES IN EQUITY (consolidated and non-consolidated) sums in €				Sales of tangible assets Interest received	Purchases of tangible and intangible assets		(43.981.783) 138.454 4.534.865	(38.254.332) 100,588 3.125.076	(12.253.185) 138.454 3.818.022	(26.373.925) 95.628 1.990.011
		THE GROUP		THE COMPANY		Total cash flows from investment activities (b)		(39.308.464)	(35.028.668)	(26.295.513)	(44.288.286)
Total Equity at the beginning of the period	31/03/2011	31/03/2010	31/03/2011	31/03/2010	Financing activities Expenses for share capital increase.	hoceeds from share capital increase		370.849	46.942.367	370.849	46.942.367
(01.07.2010 and 01.07.2009 respectively) Total comprehensive income	452.473.185	355.664.810	385.225.067	305,760,536	Proceeds from loans Loan repayments			(4,566) (1.260.254)	(231.106) 20,000.000 (47.984.870)	(4.566) (370.756)	(2.31, 106) 20,000.000 (46.930.103)
for the period after tax (continuing/ discontinuing operations)	64.418.996	64.432.166	51.376.631	50.974.675	Payment of finance lease liabilities	Dividends paid to parent's company shareholders		(511.984) (24.537.975)	(599,649) (27.873.044)	(S11.984) (24.537.975)	(599.649) (27.873.044)
Increase / (Decrease) in Share Capital due to conversion of bond loan	91.036	12.099.470	91.036	12.099.470		Total cash flows from financing activities (c)		(25.943.930)	(9.746.302)	(25.054.432)	(8.691.535)
Increase of reserve due to	266,890	33.617.581		33, 617, 581	Increase/(decrease) in cash and cash equivalents (a)+(b)+(c)			20.946.113	62.438.744	19.553.016	36,474,995
conversion of bond loan Dividends paid	(24.546.789)	(27.883.985)	266,890 (24.546.789)	(27.883.985)	Cash and cash equivalents at the beginning of the period	Exchange difference of cash and cash equivalents		141.050.874	109.665.849	100.522.388	83.627.841
Net Income recorded directly to equity Total equity at the end of the period	(3.653)	(184.885)	(3.653)	(184.885)		Cash and cash equivalents at the end period		(3.848) 161.993.139	(12.978) 172.091.615	120.075.404	120.102.836
(31.03.2011 and 31.03.2010 respectively)	492.699.666	437.745.157	412.409.182	374.383.392	Cash in hand	Carrying amount of bank deposits and bank overdrafts		2,098.815 12.741.198	3.178.218 8,399,358	953.776 4.781.673	3.059.726 6.656.170
					Sight and time deposits	Cash and cash equivalents at the end of the period		147.153.126 161.993.139	160.514.039 172.091.615	113.339.955 120.075.404	110,386.940 120.102.836
					THE GROUP	STATEMENT OF TOTAL COMPREHENSIVE INCOME (consolidated and non-consolidated) sums in C			THE COMPANY
			01/7/10-31/3/11 372.707.200	01/01/11-31/3/11 82.532.809	01/7/09-31/3/10 01/01/10-31/03/10 394.517.886	102.434.655	01/7/10-31/3/11 01/01/11-31/3/11 351.466.178	78.054.651		01/7/09-31/3/10 01/01/10-31/03/10	97.494.407
Turnover Gross profit / Loss Prafit / (Loss) before Loss) before tax, financial and investment results			192.566.226	46.658.141 720.83	207.887.537 97.905.28	56.419.477 9.536.140	166.995.178 68.183.197	40.310.962 10.757.709		372.443.301 184,771.872 84.007.345	50.877.462 16.736.069
Profit /(loss) before tax uss tax			82.030.681 7.738 270	13.038.214 699,347	96.114.900 (31.740.654)	19.356.138 (4.366.133)	67.607.443 (16.230.812)	(2.436.206)	9.964.489 (30.182)	81.157.083 AD7	16.140.916 04.030
Profit / (loss) after tax (A) Attributable to:			64.292.442	10.338.867	64.374.246	14.990.005	51.376.631		7.528.283	50.974.675	12.110.702
Owners of the Company Minority interests			64.292.442	10.338.867	64.374.246	14,990.005	51.376.631		7.528.283	50.974.675	12.110.702
Other comprehensive income after tax (8) Total comprehensive income after tax (A) + (B)			126.554 64.418.996	87.736 10.426.603	57.920 64.432.166	68.951 15.058.956	51.376.631		7.528.283	50.974.675	12.110.702
Owners of the Company Minority interests			64.418.996	10.426.603	64.432.166	15.058.956	51.376.631		7.528.283	50.974.675	12.110.702
Basic earnings per share (C/share)			0.4948 0,4944	0.0796 0,0796	0.5044 0,4984	0.1155 0.1153	0.3954 0.3951		0.0579 0,0579	0.3994 0,3954	0.0933 0,0932
Dilluted earnings per share (E/share) Profit / (Loss) before tax, financial, investment results, depreciation and amortization			93.179.257	17,663.991	107.362.756	22.946.065	77.276.847	13,860.976		92.276.084	19,691.772
References to the "COMPANY" or "JUMBO S.A." indicate, unless contents state the opposite, the "JUMBO"				Group and its	ADDITIONAL INFORMATION Amounts in C					Group	Company
consolidated subsidiaries. The basic accounting principles applied are consistent with those applied to the Financial Statements of the previous year 2009-					b) Expens
2010 (01/07/2009-30/06/2010). There is no change in the consolidation method in comparison to the financial year ended on 30.06.2010. $\overline{2}$					c) Receivables						16.312.9
There are no changes in the composition of the companies that are consolidated in the Group's Financial Statements, there are no chan is in their consolidation method, and there are no companies or joint ventures that are not included in the Consolidated Financial Statements						e) Transactions and remuneration of managers and members of the administration f) Receivables from managers and members of the administration
There are no encumbrances on the company's assets. There are encumbrances on the subsidiary JUMBO TRADING LTD (a' & b' class mortgages), amounting to € 6.834 thousand to secure the bank borrowings.						g) Payables to managers and members of the administration During the period 01.07.2010-31.03.2011 Jumbo Trading LTD had income from sales of inventory to Jumbo EC.8 LTD of total
4. Number of staff employed: Group			31/03/2011	31/03/2010	value € 108.135 8.	Comparies included in the consolidated Financial Statements together with their registered addresses, participating interest and
Permanent saconal Total			1.289	.104	9.	method of comolidation are presented in note 3.3 of the Interim Financial Statements. Net investments for acquisition of fixed assets for the period 01.07.2010-31.03.2011 came up to € 12.686 thousand for the Company whereas for the Group to 6.41.357 thousand. 10. During the current financial period the Company or its subsidiary companies have not acquired any shares of the Parent Company.
Company herimanent			31/03/201	31/03/2010
iasonal Total			2.761	2.747		is Compared The color process of the substitute of the Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Constant Const
ere are no litigious cases, the negative outcome of which might have a significant effect on the financial results of 5. and the Company. The Group's and Company's provisions balance, for every of the following categories are				ie Group		from the conversion of 30.955 bonds on 08.09.2010 of the Convertible Bond Loan of the company, issued on 08.09.2006. On 08.03.2011, no application to exercise the right of conversion of the Convertible Bond Loan was submit
Category (amounts in €) rovisions for litigation matter			Group	Company		-holders. As a result, the Company's share capital rises to € 181.919.108.00 consisting of 129.942.220 common shares of nominal value € 1,40 each (notes 4.8.1 and 4.10)
Provision for Unaudited financial years Other Provisions The fiscal years that are unaudited by the tax authorities for the Company and the Group's subsidiaries 6.			118.89	318.899 anted in detai		13. The total effect on equity of the amount of $\in$ 3.653 is analyzed as expenses for share capital increase, an amount of $\in$ 4.566, dikited by the amount of $\in$ 913 that pertains to deferred tax.
in note 4.16 of the Interim Financial Statements. Income and expenses, curridatively from the beginning of the accounting period and payables and receivables of the Company at the end of the current accounting period which have arisen from transactions with related partie						14. Earnings per share were calculated according to the weighted average number of total shares 15. Total comprehensive income (after tax) pertains to exchange differences due to transformation of foreign subsidiary companies that for the period 1st July 2010 - 31st March 2011 amounted to € 126.554 (income), whereas
are as follows:						period there was an income amounting to $6.57.920$ .
THE PRESIDENT OF THE ROARD OF DRECTORS. & MANAGING DIRECTOR			THE VICE-PRESIDENT OF THE BOARD OF DIRECTORS		Moschato, May 18th, 2011	THE ERANGIAL DRECTOR			THE HEAD OF THE ACCOUNTING DEFARTMENT
EVANGELOS-APOSTOLOS VAKAKIS SON OF GEORG. Passport no AB0631716/26-9-2006			IOANNIS OIKONOMOU SON OF CHRIST. Identity card no X 156531/2002			KALLIOPI VERNADAKI DAUGHTER OF EMMAN. Identity card no. @ 099860/2001			PANAGIOTIS XIROS SON OF KON/NOS Identity card no A 370348/1977- Licence No. 0018111/A' CLASS