Jumbo S.A.

Interim / Quarterly Report • Nov 23, 2015

JUMBO S.A. GROUP OF COMPANIES

REG No. 7650/06/B/86/04 - G.E.MI.No. 121653960000 Cyprou 9 & Hydras Street, Moschato Attikis, 183 43

INTERIM CONDENSED FINANCIAL STATEMENTS For the period from 1 July 2015 to 30 September 2015

JUMBO S.A. GROUP OF COMPANIES

REG No. 7650/06/B/86/04- G.E.MI.No. 121653960000 Cyprou 9 and Hydras Street, Moschato Attikis

INTERIM CONDENSED FINANCIAL STATEMENTS For the period from 1st July 2015 to 30th September 2015

It is confirmed that the attached Interim Condensed Financial Statements for the period 01.07.2015- 30.09.2015, are the ones approved by the Board of Directors of JUMBO S.A. on November 20th, 2015 and are available on the Company's website www.e-jumbo.gr where they will remain at the disposal of investors for at least five (5) years starting from their preparation and publication date. It is noted that condensed financial items and information published on ATHEX website and Company's website arising from condensed interim Financial Statements aim at providing the reader with a general update on the financial position and performance of the Company, but do not provide a complete view of the Company's and the Group's financial position, financial performance and cash flows, according to the International Financial Reporting Standards.

Moschato, 20th November 2015

As and on behalf of Jumbo S.A. The President of the Board of Directors

Apostolos - Evangelos Vakakis

A.		CONDENSED INTERIM INCOME STATEMENT 5
B.		CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME 6
C.		CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION 7
D.		CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - CONSOLIDATED 8
E.		CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY OF THE PARENT - COMPANY 10
F.		CONDENSED INTERIM STATEMENT OF CASH FLOWS 12
G.		SELECTED EXPLANATORY NOTES TO THE INTERIM CORPORATE AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30th SEPTEMBER 2015 13
1.		Information 13
2.		Nature of Operations 13
3.		Accounting Principles Summary 14
	3.1	New Standards, Interpretations, Revisions and Amendments to existing Standards that are effective and have been adopted by the European Union 15
	3.2	New Standards, Interpretations revisions and amendments to the existing Standards that are
		not effective or have not been adopted by the European Union. 15
	3.3	The Group Structure 17
4.	4.1	Notes to the Financial Statements 20 Segment Reporting 20
	4.2	Income tax 23
	4.3	Earnings per share 24
	4.4	Property plant and equipment 24
	4.5	Investment property (leased properties) 28
	4.6	Investments in subsidiaries 29
	4.7	Financial Assets available for sale 30
	4.8	Trading Securities – Derivatives 30
	4.9	Fair value of financial assets 30
	4.10	Other long term receivables 31
	4.11	Long term and short term blocked bank deposits 32
	4.12	Cash and cash equivalents 32
	4.13	Equity 32
	4.13.1	Share capital 32
	4.13.2	Share Premium and Other reserves 33
	4.14	Long term loan liabilities 34
	4.15	Short-term loan liabilities 34
	4.16	Deferred tax liabilities 35
	4.17 4.18	Current tax liabilities 36 Cash flows from operating activities 36
	4.19	Contingent Liabilities / Contingent Assets 37
	4.20	Unaudited Fiscal Years 37
5.		Transactions with related parties 38
6.		Management Fees 39

Lawsuits and Litigations 40
Number of employees 40
10. Significant events during the period 01/07/2015-30/09/2015 41
Figures and Information for the period 01/07/2015-30/09/2015 42
	Seasonal fluctuation 41 11. Events subsequent to the Statement of Financial Position date 41

A. CONDENSED INTERIM INCOME STATEMENT

(All amounts are expressed in euros unless otherwise stated)

			THE GROUP	THE COMPANY
	Notes	1/7/2015- 30/9/2015	1/7/2014- 30/9/2014	1/7/2015- 30/9/2015	1/7/2014- 30/9/2014
Turnover	4.1	152.628.327	145.511.286	132.027.430	131.364.250
Cost of sales		(79.412.643)	(76.322.859)	(78.854.020)	(77.171.663)
Gross profit		73.215.684	69.188.427	53.173.410	54.192.587
Other income		1.330.482	603.495	410.393	439.050
Distribution costs		(37.916.658)	(36.619.674)	(30.415.522)	(30.747.313)
Administrative expenses		(7.050.267)	(6.536.406)	(5.309.940)	(5.252.531)
Other expenses		(2.338.253)	(1.629.336)	(1.297.924)	(1.226.704)
Profit before tax, interest and investing results		27.240.988	25.006.507	16.560.417	17.405.088
Finance costs		(1.629.483)	(1.956.216)	(1.586.729)	(1.874.519)
Finance income		1.775.222	2.611.470	1.414.641	1.828.098
Other financial results		1.780.720	(139.360)	1.780.720	(139.360)
		1.926.459	515.894	1.608.632	(185.780)
Profit before taxes		29.167.447	25.522.401	18.169.049	17.219.308
Income tax	4.2	(7.376.055)	(5.512.511)	(5.904.164)	(4.341.440)
Profits after income tax		21.791.392	20.009.890	12.264.885	12.877.868
Attributable to: Shareholders of the parent company Non-controlling Interests		21.791.392 -	20.009.890 -	12.264.885	12.877.868
Earnings per share Basic earnings per share (€/share)	4.3	0,1602	0,1471	0,0901	0,0946
Earnings before interest, tax investing results depreciation and amortization		32.858.772	29.986.018	20.299.967	21.121.325
Earnings before interest, tax and investing results		27.240.988	25.006.507	16.560.417	17.405.088
Profit before tax		29.167.447	25.522.401	18.169.049	17.219.308
Profit after tax		21.791.392	20.009.890	12.264.885	12.877.868

B. CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

(All amounts are expressed in euros unless otherwise stated)

	THE GROUP		THE COMPANY
	01/07/2015- 30/09/2015	01/07/2014- 30/09/2014	01/07/2015- 30/09/2015	01/07/2014- 30/09/2014
Net profit (loss) for the period	21.791.392	20.009.890	12.264.885	12.877.868
Items will not be classified subsequently in the income statement:
Actuarial Gains / (Losses)	-	-	-	-
Deferred taxes to the actuarial gains / (losses) due to change of the tax rate	34.561	-	34.561	-
	34.561	-	34.561	-
Items that it is possible to be classified subsequently in the income statement:
Revaluation of financial assets available for sale
Revaluation Gain / (Losses) of financial assets available for sale	(904.692)	-	-	-
Deferred tax of financial assets available for sale	-	-	-	-
Exchange differences on translation of
foreign operations	681.561	(68.450)	-	-
	(223.131)	(68.450)	-	-
Other comprehensive income for the period after tax	(188.570)	(68.450)	34.561	-
Total comprehensive income for the period	21.602.823	19.941.440	12.299.446	12.877.868
Total comprehensive income for the period attributed to :
Owners of the company	21.602.823	19.941.440	12.299.446	12.877.868
Non-controlling Interests	-	-	-	-

C. CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

(All amounts are expressed in euros unless otherwise stated)

		THE GROUP		THE COMPANY
Assets	Notes	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Non-current Assets
Property, plant and	4.4
equipment		496.893.759	497.881.150	287.265.377	289.382.423
Investment property	4.5	6.022.929	6.118.721	6.022.929	6.118.721
Investments in subsidiaries	4.6	-	-	187.087.027	187.087.027
Financial assets available for sale	4.7	9.472.657	10.377.348	-	-
Other long term receivables	4.10	17.729.859	17.759.078	7.474.688	7.490.272
Long term blocked bank
deposits	4.11	952.903	952.903	-	-
		531.072.107	533.089.200	487.850.021	490.078.443
Current Assets
Inventories		178.267.617	197.792.010	153.090.879	172.697.801
Trade debtors and other
trade receivables Other receivables		20.482.981 37.457.926	15.546.511 33.250.940	34.574.658 34.713.266	41.746.395 28.231.165
Trading securities- Derivatives	4.8	7.691.840	5.911.120	7.691.840	5.911.120
Other current assets		9.154.170	5.819.069	7.604.918	4.922.230
Cash and cash equivalents	4.12	334.822.649	298.918.408	187.286.223	169.893.073
		587.877.183	557.238.058	424.961.784	423.401.784
Total assets		1.118.949.290	1.090.327.258	912.811.805	913.480.227
Equity and Liabilities Equity attributable to the shareholders of the parent Share capital Share premium reserve Translation reserve Other reserves Retained earnings	4.13.1 4.13.2 4.13.2	161.911.113 7.768.954 (211.314) 360.875.336 288.534.157 818.878.246	161.911.113 7.702.078 (892.875) 361.636.240 266.851.991 797.208.547	161.911.113 7.768.954 - 360.799.443 115.302.544 645.782.054	161.911.113 7.702.078 - 360.764.882 103.037.659 633.415.732
Non-controlling Interests		-	-	-	-
Total equity		818.878.246	797.208.547	645.782.054	633.415.732
Non-current liabilities
Liabilities for pension plans		5.938.624	5.775.652	5.908.010	5.745.038
Long term loan liabilities	4.14	143.916.512	143.916.512	143.916.512	143.916.512
Other long term liabilities Deferred tax liabilities	4.16	13.018.129 7.738.560	12.950.464 6.994.412	27.272 7.695.008	28.472 6.950.916
Total non-current liabilities		170.611.825	169.637.040	157.546.802	156.640.938
Current liabilities
Provisions		235.540	234.431	216.937	216.937
Trade and other payables		41.332.045	51.406.028	42.598.339	51.640.474
Current tax liabilities	4.17	48.383.237	40.010.796	42.325.513	33.856.631
Short-term loan liabilities	4.15	132.653	2.877.527	-	2.669.667
Other current liabilities		39.375.744	28.952.889	24.342.160	35.039.848
Total current liabilities		129.459.219	123.481.671	109.482.949	123.423.557
Total liabilities Total equity and liabilities		300.071.044 1.118.949.290	293.118.711 1.090.327.258	267.029.751 912.811.805	280.064.495 913.480.227

D.CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - (CONSOLIDATED)

For the period from 1st July 2015 to 30th September 2015

(All amounts are expressed in euros unless otherwise stated)

		TH E G RO UP
	Sh are ita l ca p	Sh are ium p rem res erv e	nsl ati Tra on res erv e	Sta tut ory res erv e	ir v alu Fa e res erv e	fre Ta x- e res erv es	rdi Ext rao na ry res erv es	Ot he r res erv es	tai d Re ne rni ea ng s	To tal Eq uit y
ord Ba lan t 1 st J uly 20 15 ing ce s a s a , a cc the RS to IF	16 1.9 11 .11 3	7.7 02 .07 8	( ) 89 2.8 75	36 .11 0.8 03	58 6.1 95	1.7 97 .94 4	32 3.9 96 .48 9	( ) 85 5.1 92	26 6.8 51 .99 1	79 7.2 08 .54 7
Ch in Eq uit an g es y
De fer d t at ion f e for ha re ax o xp en ses s re ita l inc ca p rea se		6 6. 87 6								66 .87 6
Sta tut ory re se rve s Ext rd ina rao ry res erv es				10 9. 22 7					( ) 10 9.2 27	- -
cti ith Tra nsa on s w ow ne rs	-	66 .87 6	-	10 9.2 27	-	-	-	-	( ) 10 9.2 27	66 .87 6
rof it f the eri od /0 7/2 Ne t P 01 01 5- or p /0 9/2 30 01 5									21 .79 1.3 92	21 .79 1.3 92
Ot he reh siv e i r c om p en nc om e
fer d t to the tua ia l g ins / De re ax es ac r a ( los ) du e t ha f th e t te ses o c ng e o ax ra f it / ( ) fro ion f Pro Lo the lua t ss m va o								34 .56 1		34 .56 1
f ina ia ila for l a ts a b le le nc sse va sa					( ) 90 4.6 92					( ) 90 92 4.6
Exc ha d i f fer n t ct ion f ng e en ce s o ran sa o for ig rat ion e n o pe s			6 81 61 .5							68 1.5 61
Ot he reh siv e i e f the r c om p en nc om or eri od p	-	-	68 1.5 61	-	( ) 90 4.6 92	-	-	34 .56 1	-	( ) 18 8.5 70
To tal reh siv e i e f the co mp en nc om or eri od p	-	-	68 1.5 61	-	( ) 90 4.6 92	-	-	34 .56 1	21 .79 1.3 92	21 .60 2.8 23
lan Se be Ba at tem r 3 0th 20 15 ce as p , rdi IF RS to ac co ng	16 1.9 11 .11 3	7.7 68 .95 4	( ) 21 1.3 14	36 .22 0.0 30	( ) 31 8.4 97	1.7 97 .94 4	32 3.9 96 .48 9	( ) 82 0.6 31	28 8.5 34 .15 7	81 8.8 78 .24 6

For the period from 1st July 2014 to 30th September 2014

(All amounts are expressed in euros unless otherwise stated)

		THE GR OU P
	Sha re ital ca p	Sha re miu pre m res erv e	Tra nsl atio n re ser ve	Sta tuto ry res erv e	Fai r V alu e res erv e	Tax - f ree res erv es	Ext rdi rao na ry res erv es	Oth er res erv es	Ret ain ed rni ea ngs	Tot al E ity qu
Ba lan t 1s t Ju ly 201 4, a ord ing to the IFR S ce s a s a cc	161 .91 1.1 13	7.7 02. 078	( 8) 635 .62	32. 136 .23 5	2.9 80. 969	1.7 97. 944	302 .90 7.2 27	( 8) 351 .37	236 .06 1.7 99	744 .51 0.3 58
Ch s in uit Eq an ge y Sta tut ory res erv e Ext rdin rao ary res erv es Ot her res erv es Tra ctio wit h o nsa ns wn ers	-	-	-	-	-	-	-	-	-	- - - -
/07 /20 30/ 09/ Ne t Pr ofit for the riod 01 14- 201 4 pe									20. 009 .89 0	20. 009 .89 0
Oth reh siv e in er co mp en co me ha dif fere n tr sla tion of fore ign Exc nge nce s o an tion op era s fit / ( s) from th alu ati of f ina nci al a ts Pro Los e v on sse aila ble for le av sa			( 68. 450 )							( 68. 450 ) -
De fere d t ati fina nci al a ts a ilab le f ale ax on sse v a or s										-
Tot al c he nsi inc e fo r th eri od om pre ve om e p	-	-	( ) 68. 450	-	-	-	-	-	20. 009 .89 0	19. 941 .44 0
Ba lan at S be r 30 th, 201 4 a ord ing tem to ce as ep cc IFR S	161 .91 1.1 13	7.7 02. 078	( 8) 704 .07	32. 136 .23 5	2.9 80. 969	1.7 97. 944	302 .90 7.2 27	( 8) 351 .37	256 .07 1.6 89	764 .45 1.7 98

E.CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY OF THE PARENT COMPANY

For the period from 1st July 2015 to 30th September 2015 (All amounts are expressed in euros unless otherwise stated)

				TH E C	OM PA NY
	Sh are Ca ita l p	Sh are Pre mi um Re ser ve	Sta tut ory Re ser ve	Tax - fr ee res erv es	Ext rdi rao na ry res erv es	Ot he r res erv es	Re tai d ne rni ea ng s	To tal Eq uit y
Ba lan t 1 st J uly 20 15 ord ing th to ce s a s a , a cc e IFR S	16 1.9 11 .11 3	7.7 02 .07 8	35 .82 2.9 44	1.7 97 .94 4	32 3.9 96 .48 9	( ) 85 2.4 95	10 3.0 37 .65 9	63 3.4 15 .73 2
Ch in uit Eq an g es y
De fer d t at ion f e for ha ita l re ax o xp en ses s re ca p inc rea se Sta tut Re ory se rve Ext rd ina Re rao ry se rve s		6 6. 87 6						66 .87 6 - -
Tra cti ith nsa on s w ow ne rs	-	66 .87 6	-	-	-	-	-	66 .87 6
Ne t P rof it f the eri od /0 7/2 /0 9/2 01 01 5-3 0 01 5 or p							4.8 85 12 .26	4.8 85 12 .26
Ot he reh siv e i r c om p en nc om e
fer ia ins ( ) De d t to the tua l g / los re ax es ac r a ses f th du e t ha e t te o c ng e o ax ra						34 .56 1		34 .56 1
Pro f it / ( Lo ) fro the lua t ion f f ina ia l a ts ss m va o nc sse ila b le for le av a sa De fer d t at ion f ina ia l a ts a ila b le for re ax nc sse va le sa								- -
Ot he reh siv e i e f the eri od r c om p en nc om or p	-	-	-	-	-	34 .56 1	-	34 .56 1
To tal reh siv e i e f the eri od co mp en nc om or p	-	-	-	-	-	34 .56 1	12 .26 4.8 85	12 .29 9.4 46
Ba lan Se be r 3 0th 20 15 rdi at tem ce as p ac co ng , to IFR S	1.9 3 16 11 .11	68 .95 7.7 4	35 .82 2.9 44	97 .94 1.7 4	32 3.9 96 .48 9	( ) 81 7.9 34	5.3 02 11 .54 4	82 .05 64 5.7 4

For the period from 1st July 2014 to 30th September 2014

(All amounts are expressed in euros unless otherwise stated)

		TH E C OM PA NY
	Sh are ita l ca p	Sh ium are pr em res erv e	Sta tut ory res erv e	Ta fre x - e r ese rve s	Ext rdi rao na ry res erv es	Ot he r res erv es	Re tai d ne rni ea ng s	To tal Eq uit y
Ba lan t 1s t Ju ly 20 14, rdi to th e I FR S ce s a s a ac co ng	161 .91 1.1 13	7.7 02 .07 8	32 .13 6.2 35	1.7 97 .94 4	30 2.9 07 .22 7	( ) 349 .55 3	10 2.1 31. 74 1	60 8.2 36. 78 5
Ch in Eq uit an g es y
Sta tut ory re ser v e								-
Ext rdi rao na ry r ese rv e s								-
Ot he r re ser v e s								-
cti ith Tra nsa on s w ow ne rs	-	-	-	-	-	-	-	-
/07 /20 30/ 09/ Ne t P rof it fo r th eri od 01 14- 20 14 e p							12. 877 .86 8	12 .87 7.8 68
Ot he he ive in r c om pre ns co me
Exc ha e d iffe n t sla tio f fo reig ng ren ce s o ran n o n tio op era ns								-
Pro fit / ( Los s) fro the lua tio f fin cia l a ts m v a n o an sse
ail ab le f le av or sa								-
fer tio n f ina ial ail le f De ed ta ets ab le xa nc ass av or sa								-
To tal reh siv e i e f the rio d co mp en nc om or pe	-	-	-	-	-	-	12 .87 7.8 68	12 .87 7.8 68
lan Se be 0th rdi S Ba at tem r 3 20 14 to IFR ce as p ac co ng ,	16 1.9 11. 113	7.7 02 .07 8	32 .13 6.2 35	1.7 97 .94 4	30 2.9 07 .22 7	( ) 349 .55 3	11 5.0 09 .60 9	62 1.1 14. 65 3

F. CONDENSED INTERIM STATEMENT OF CASH FLOWS

(All amounts are expressed in euros unless otherwise stated)

			THE GROUP		THE COMPANY
Indirect Method	Notes	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Cash flows from operating activities Cash flows from operating activities Interest payable Income tax payable Net cash flows from operating	4.18	49.974.760 (44.560) (5.830.781)	31.212.836 (133.407) (1.023.948)	47.767.232 (5.511) (3.995.475)	13.585.020 (102.872) -
activities		44.099.419	30.055.481	43.766.246	13.482.148
Cash flows from investing activities Purchases of tangible and intangible assets Proceeds of tangible assets		(6.049.639) 331.891	(5.787.099) 193.385	(3.370.492) 331.891	(2.944.047) 193.385
Share Capital Increase of subsidiaries Disposals from Investments in financial assets available for sale		- -	- (6.268.188)	(20.708.461) -	(5.000.001) -
Interest received		56.768	196.170	43.633	4.184
Net cash flows from investing activities		(5.660.980)	(11.665.732)	(23.703.429)	(7.746.479)
Cash flows from financing activities Loan repayments		(2.744.874)	(5.232.078)	(2.669.667)	(5.232.078)
Payments of finance lease liabilities		-	(87.305)	-	(87.305)
Net cash flows from financing activities		(2.744.874)	(5.319.383)	(2.669.667)	(5.319.383)
Increase/(decrease) in cash and cash equivalents (net)		35.693.565	13.070.366	17.393.150	416.285
Cash and cash equivalents at the beginning of the period		298.918.408	287.567.276	169.893.073	195.373.828
Exchange difference of cash and cash equivalents		210.676	5.609	-	-
Cash and cash equivalents at the end of the period		334.822.649	300.643.251	187.286.223	195.790.113
Cash in hand		2.949.625	2.534.667	2.527.115	2.160.776
Carrying amount of bank deposits and bank overdrafts		5.956.685	4.741.776	5.956.685	-
Sight and time deposits		325.916.339	293.366.808	178.802.423	193.629.337
Cash and cash equivalents		334.822.649	300.643.251	187.286.223	195.790.113

G. SELECTED EXPLANATORY NOTES TO THE INTERIM CORPORATE AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30th SEPTEMBER 2015

1. Information

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

JUMBO is a trading company, established according to the laws of the Hellenic Republic. 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 in 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 5/6/2025.

The Company was incorporated in 1986 (Government Gazette 3234/26.11.1986) and its term of 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 company term of duration was extended to seventy years (70) from the date of its registration in the Register of Societe 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, PC 183 46.

The company is registered in the Register of Societe Anonyme of the Ministry of Development, Department of Societe Anonyme and Credit, under Num. 7650/06/Β/86/04 while the Company's registration number at the General Electronic Commercial Registry (G.E.MI.) is 121653960000.

The company's operations are governed by Law 2190/1920.

The Financial Statements of September 30th, 2015 (01.07.2015-30.09.2015) were approved by the Board of Directors on November 20th , 2015.

2. Nature of Operations

The company's main operation is 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.) within the sector "other retail trade of new items in specialized shops" (STAKOD category 525.9). A small part of its operations is 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 it participates in FTSE/Athex 20 index. Based on the stipulations of the Regulation of the Stock Exchange, the Company's shares are placed in the "Main Market" 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 30 years of operation, the Company has become one of the largest companies in retail sale.

On 30/09/2015 the Group operated 72 stores in Greece, Cyprus, Bulgaria, Romania and the on-line store e-jumbo.

On 30 September 2015 the Group employed 4.936 persons, of which 4.143 as permanent staff and 793 as seasonal staff. The average number of employees for the period, 01/07/2015 - 30/09/2015, was 4.736 persons (4.070 as permanent and 666 as seasonal staff).

3. Accounting Principles Summary

The attached interim financial statements of the Group and the Company (henceforth Financial Statements) dated as of September 30th, 2015 , for the period from July 1st 2015 to September 30th 2015 have been compiled according to the historical cost convention, the going concern principle and are in compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and adopted by the European Union, as well as their interpretations issued by the IFRS Interpretations Committee (I.F.R.I.C.) of IASB, and are consistent with IAS 34 "Interim Financial Information".

Condensed interim financial statements do not contain all the information and notes required in annual financial statements and must be studied in line with the financial statements of the Company and the Group of the 30th of June, 2015 which have been uploaded on the Company's website www.e-jumbo.gr.

The reporting currency is Euro (currency of the country of the Company's headquarters) and all the 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 deemed necessary. Estimates and judgments made by the Management are constantly evaluated and are based on experiential data and other factors, including the future events considered as predictable under normal circumstances.

During the preparation of the interim Financial Statements, the significant accounting estimates and judgments adopted by management to implement the Group's accounting policies are consistent with those applied in the annual financial statements for the year 2014-2015 (Note 3.2 annual Financial Statements).

Furthermore, the main sources of uncertainty, also effective under the preparation of the Financial Statements for Fiscal Year ended as at 30/06/2015, remained unchanged regarding the Interim Financial Statements for the period ended as at 30/09/2015, apart from the risks pertaining to the latest financial developments in Greece.

Despite the challenging macroeconomic and financial environment in Greece, the Group and the Company successfully responded to the specific conditions of the Greek economy, recording an increase of sales by 4,9% y-o-y and 0,50% y-o-y respectively.

Having already experienced capital control restriction in Cyprus, the Group Management was prepared to take the necessary steps to adequately address the impact of capital restriction imposed in Greece. In particular: a) the Group had sufficient stocks to facilitate uninterrupted supply of the stores, b) the Company and its subsidiaries were adequately capitalized, with no liquidity problems and the cash and cash equivalents exceeded the bank loans, c) the Group has a significant presence in Greece but due to its export orientation, 29% of its revenue refer to foreign operations. Combined with the existing provisions for the implementation of imports, the needs of the Group are counterbalanced.

Based on the overall evaluation, the Group Management has concluded there is no need to recognize provisions or impairment charges for the period ended September 30, 2015. The Group Management continuously assesses the situation and its possible consequences and takes all the necessary measures to maintain the viability of the Group in order to minimize any adverse impact on the Group's activities and facilitate extension of its operations in the current business and economic environment. However, it is to

be noted that the company viability is inextricably linked to the sustainability of the country in its efforts for reconstruction within the European environment.

Basic accounting principles adopted for the preparation of these financial statements have been also applied to the financial statements of 2014-2015 and have been applied to all the periods presented apart from the changes listed below.

3.1 New Standards, Interpretations, Revisions and Amendments to existing Standards that are effective and have been adopted by the European Union

The following amendments and interpretations of the IFRS have been issued by the International Accounting Standards Board (IASB), adopted by the European Union, and their application is mandatory from or after 01/01/2015.

IFRIC 21 "Levies" (effective for annual periods starting on or after 17/06/2014)

In May 2013, the IASB issued IFRIC 21. IFRIC 21 provides guidance on when a company recognises a liability for a levy imposed by the state in its Financial Statements. IFRIC 21 is an interpretation of IAS 37 "Provisions, Contingent Liabilities and Contingent Assets". IAS 37 sets out criteria for the recognition of a liability, one of which is the present obligation resulting from a past event, known as an obligating event. This interpretation indicates that the obligating event is the activity that triggers the payment of the levy in accordance with the relevant legislation. The interpretation does not affect the consolidated and separate Financial Statements.

Annual Improvements cycle 2011-2013 (effective for annual periods starting on or after 01/01/2015)

In December 2013, the IASB issued Annual Improvements to IFRSs 2011-2013 Cycle, a collection of amendments to IFRSs, in response to four issues addressed during the 2011-2013 cycle. The issues included in this cycle are the following: IFRS 1: Meaning of effective IFRSs, IFRS 3: Scope exceptions for joint ventures; IFRS 13: Scope of paragraph 52 (portfolio exception); and IAS 40: Clarifying the interrelationship of IFRS 3 Business Combinations and IAS 40 Investment Property when classifying property as investment property or owner-occupied property. The amendments do not materially affect the consolidated and separate Financial Statements.

3.2 New Standards, Interpretations revisions and amendments to the existing Standards that are not effective or have not been adopted by the European Union.

The following new Standards and Revisions to the Standards as well as the following Interpretations of the existing Standards have been issued but are not effective yet or have not been adopted by the European Union. In particular:

IFRS 9 "Financial Instruments" and subsequent amendments to IFRS 9 and IFRS 7 (effective for annual periods starting on or after 01/01/2018)

IFRS 9 is the IASB's replacement of IAS 39 regarding classification and measurement of financial assets and financial liabilities and includes a new method of expected credit losses replacing the existing rulebased requirements. IFRS 9 introduces a substantially-reformed model for hedge accounting with enhanced disclosures, removing a source of complexity in IAS 39. The Group will examine the impact of the above on its Financial Statements. The above have not been adopted by the European Union.

IFRS 15 "Revenue from Contracts with Customers" (effective for annual periods starting on or after 01/01/2018)

In May 2014, the IASB issued a new standard, IFRS 15. The new Standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The core principle is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company is examining the impact of the above on its Financial Statements. The above have not been adopted by the European Union.

Defined Benefit Plans: Employee Contributions (Amendments to IAS 19) (effective for annual periods starting on or after 01/02/2015)

The narrow scope amendments apply to contributions from employees or third parties to defined benefit plans. The objective of the amendments is to simplify the accounting for contributions that are independent of the number of years of employee service, for example, employee contributions that are calculated according to a fixed percentage of salary.

Annual Improvements cycle 2012-2014 (effective for annual periods starting on or after 01/01/2016)

In September 2014, the IASB issued Annual Improvements to IFRSs 2012-2014 Cycle, a collection of amendments to IFRSs, in response to four issues addressed during the 2012-2014 cycle. The amendments are effective for annual periods beginning on or after 1 January 2016, although entities are permitted to apply them earlier. The issues included in this cycle are the following: IFRS 5: Changes in methods of disposal, IFRS 7: Servicing Contracts and Applicability of the amendments to IFRS 7 to Condensed Interim Financial Statements, IAS 19: Discount rate: regional market, and IAS 34: Disclosure of information elsewhere in the interim financial report. The Group will examine the impact of the above on its Financial Statements. The above have not been adopted by the European Union.

Amendment to IAS 27: "Equity Method in Separate Financial Statements" (effective for annual periods starting on or after 01/01/2016)

In August 2014, the IASB published narrow scope amendments to IAS 27 "Equity Method in Separate Financial Statements ". Under the amendments, entities are permitted to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate Financial Statements – an option that was not effective prior to the issuance of the current amendments. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union.

Amendments to IFRS 10 and IAS 28: "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture" (effective for annual periods starting on or after 01/01/2016)

In September 2014, the IASB published narrow scope amendments to IFRS 10 and IAS 28 "Sale or Contribution of Assets between an Investor and its Associate or Joint Venture". The amendments will be applied by entities prospectively in respect of sales or contribution of assets performed in the annual periods starting on or after 01/01/2016. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business (whether it is housed in a subsidiary or not). A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union.

Amendments to IAS 16 and IAS 41: "Agriculture: Bearer Plants" (effective for annual periods starting on or after 01/01/2016)

In June 2014, the IASB published amendments that change the financial reporting for bearer plants. The IASB decided that bearer plants exclusively used for production increase, should be accounted for in the same way as property, plant and equipment in IAS 16. Consequently, the amendments include bearer plants within the scope of IAS 16, instead of IAS 41. The produce growing on bearer plants will remain within the scope of IAS 41. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union.

Amendments to IAS 16 and IAS 38: Clarification of Acceptable Methods of Depreciation and Amortisation (effective for annual periods starting on or after 01/01/2016)

In May 2014, the IASB published amendments to IAS 16 and IAS 38. IAS 16 and IAS 38 both establish the principle for the basis of depreciation and amortisation as being the expected pattern of consumption of the future economic benefits of an asset. The IASB has clarified that the use of revenue-based methods to calculate the depreciation of an asset is not appropriate because revenue generated by an activity that includes the use of an asset generally reflects factors other than the consumption of the economic benefits embodied in the asset. The Group will examine the impact of the above on its Financial Statements. The above have not been adopted by the European Union.

Amendments to IFRS 11: Accounting for Acquisitions of Interests in Joint Operations (effective for annual periods starting on or after 01/01/2016)

In May 2014, the IASB issued amendments to IFRS 11. The amendments add new guidance on how to account for the acquisition of an interest in a joint operation that constitutes a business and specify the appropriate accounting treatment for such acquisitions. The Group will examine the impact of the above on its Financial Statements. The above have not been adopted by the European Union.

Amendments to IAS 1: "Disclosures Initiative"(effective for annual periods starting on or after 01/01/2016)

The aforementioned amendments address settling the issues pertaining to the effective presentation and disclosure requirements as well as the potential of entities to exercise judgment under the preparation of financial statements. The above have not been adopted by the European Union.

Amendments to IFRS 10, IFRS 12 and IAS 28: "Investment Entities: Applying the Consolidated Exception" (effective for annual periods starting on or after 01/01/2016)

In December 2014, the IASB published narrow scope amendments to IFRS 10, IFRS 12 and IAS 28. The aforementioned amendments introduce explanation regarding accounting requirements for investment entities, while providing exemptions in particular cases, which decrease the costs related to the implementation of the Standards. The Group will examine the impact of the above on its Financial Statements, though it is not expected to have any. The above have not been adopted by the European Union.

3.3 The Group Structure

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

Parent Company:

The Societe Anonyme under the title «JUMBO SA» and the distinctive title «JUMBO» was founded in 1986, with current headquarters in Moschato of Attica (street Cyprou 9 and Hydras), has been listed since 1997 in the Stock Exchange and is registered in the Registry for SA of Ministry of Development with reg. no. 7650/06/Β/86/04 while the Company's number at the General Electronic Commercial Registry (G.E.MI.) is 121653960000. The company has been classified in the Main Market category of the Stock Exchange.

Subsidiaries:

1. The subsidiary company under the title «Jumbo Trading Ltd», is a Cypriot company of limited liability. It was founded in 1991. Its headquarters are in Nicosia of Cyprus (Avenue Avraam Antoniou 9, Kato Lakatamia of Nicosia). It is registered in the Registration of Companies Cyprus, with number Ε 44824. It operates in Cyprus under the same objective with the Parent, that is retail toys trade. Parent company owns 100% of its shares and its voting rights.

2. The subsidiary company in Bulgaria under the title «JUMBO EC.B. LTD » was founded on the 1st of September 2005 as a 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.

3. The subsidiary company in Romania under the title «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 registered office in Bucharest, area 3, B-dul Theodor Pallady avenue, number 51, Centrul de Calcul building 5th floor. Parent company owns 100% of its shares and its voting rights.

4. The subsidiary company ASPETTO Ltd was founded on the 21/08/2006 in Cyprus Nicosia (Abraham Antoniou 9 avenue, Kato Lakatamia, Nicosia). "Jumbo Trading Ltd" owns 100% of its voting rights.

5. WESTLOOK SRL is a subsidiary of ASPETTO Ltd which holds a 100% stake of its share capital. The company registered office is in Crevedia, county Dâmboviţa (motorway Bucureşti - Târgovişte, No. 670, Apartment 52). The company was founded at 16.10.2006.

6. Rimokin Properties Ltd is a subsidiary of Jumbo Trading Ltd which holds a 100% stake of its share capital. The company registered office is in Nicosia, of Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatamia of Nicosia). The company was founded at 28.07.2014.

7. Geocam Holdings Limited is a subsidiary of Jumbo Trading Ltd which holds a 100% stake of its share capital. The company registered office is in Nicosia, of Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatamia of Nicosia). The company was founded at 13.03.2015.

8. Geoform Limited is a subsidiary of Jumbo Trading Ltd which holds a 100% stake of its share capital. The company registered office is in Nicosia, of Cyprus (Avraam Antoniou 9 Avenue, Kato Lakatamia of Nicosia). The company was founded at 13.03.2015.

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

Consolidated Subsidiary	Percentage and Participation	Main Office	Activity	Consolidation method
JUMBO TRADING LTD	100% Direct	Cyprus	Commercial	Full Consolidation
JUMBO EC.B LTD	100% Direct	Bulgaria	Commercial	Full Consolidation
JUMBO EC.R SRL	100% Direct	Romania	Commercial	Full Consolidation
ASPETTO LTD	100% Indirect	Cyprus	Investment	Full Consolidation
WESTLOOK SRL	100% Indirect	Romania	Investment	Full Consolidation
RΙΜΟΚΙΝ PROPERTIES LTD	100% Indirect	Cyprus	Investment	Full Consolidation
GEOCAM HOLDINGS LIMITED	100% Indirect	Cyprus	Investment	Full Consolidation
GEOFORM LIMITED	100% Indirect	Cyprus	Investment	Full Consolidation

There have been no changes to the Group structure within the period.

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, Bulgaria and Romania. The above sectors are used by 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 productivity measurement.

The activities of the Group, which don't fall within the criteria and the qualitative limits of IFRS 8 in order to be set as operating segments, are presented as "Others". The "Others" category includes finance costs and finance income, which can't be divided, because they pertain to the total activity of the Group.

In 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 and the sales from Greece to Albania and to Kosovo based on the commercial agreement with the independent customer Kind Zone Sh.p.k. Total sales of the Company to FYROM, Albania and Kossovo for the period 01.07.2015- 30.09.2015 reached the amount of 2.769 ths euro.

			01/07/2015-30/09/2015
(amounts in €)	Greece	Cyprus	Bulgaria	Romania	Other	Total
Sales	132.027.430	20.225.187	12.539.840	8.674.491	-	173.466.948
Intragroup Sales	(20.331.487)	(260.627)	(144.096)	(102.411)	-	(20.838.620)
Total net sales	111.695.943	19.964.560	12.395.744	8.572.080	-	152.628.327
Cost of sales	(59.909.697)	(9.531.171)	(6.000.116)	(3.971.659)	-	(79.412.643)
Gross Profit	51.786.246	10.433.389	6.395.628	4.600.421	-	73.215.684
Other income	-	-	-	-	1.330.482	1.330.482
Administrative expenses	(753.948)	-	-	-	(6.296.319)	(7.050.267)
Distribution costs	(30.183.033)	(2.475.298)	(2.905.014)	(2.120.823)	(232.490)	(37.916.658)
Other expenses	-	-	-	-	(2.338.253)	(2.338.253)
Profit before tax, interest and investing results	20.849.265	7.958.091	3.490.614	2.479.598	(7.536.580)	27.240.988
Financial expenses	-	-	-	-	(1.629.483)	(1.629.483)
Financial income	-	-	-	-	1.775.222	1.775.222
Other financial Results	-	-	-	-	1.780.720	1.780.720
Profit before tax	20.849.265	7.958.091	3.490.614	2.479.598	(5.610.121)	29.167.447
Income tax	-	-	-	-	(7.376.055)	(7.376.055)
Net profit	20.849.265	7.958.091	3.490.614	2.479.598	(12.986.176)	21.791.392
Depreciation and amortization	(3.626.231)	(455.213)	(841.296)	(533.093)	(163.654)	(5.619.487)

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

01/07/2014-30/09/2014
(amounts in €)	Greece	Cyprus	Bulgaria	Romania	Other	Total
Sales	131.364.250	18.374.776	11.383.792	2.737.261	-	163.860.079
Intragroup Sales	(17.908.180)	(77.541)	(295.923)	(67.149)	-	(18.348.793)
Total net sales	113.456.070	18.297.235	11.087.869	2.670.112	-	145.511.286
Cost of sales	(60.468.134)	(8.890.214)	(5.675.420)	(1.289.091)	-	(76.322.859)
Gross Profit	52.987.936	9.407.021	5.412.449	1.381.021	-	69.188.427
Other income	-	-	-	-	603.495	603.495
Administrative expenses	(237.819)	-	-	-	(6.298.587)	(6.536.406)
Distribution costs	(30.555.865)	(2.270.811)	(2.604.128)	(997.422)	(191.448)	(36.619.674)
Other expenses	-	-	-	-	(1.629.336)	(1.629.336)
Profit before tax, interest and investing results	22.194.252	7.136.210	2.808.321	383.599	(7.515.875)	25.006.507
Financial expenses	-	-	-	-	(1.956.216)	(1.956.216)
Financial income	-	-	-	-	2.611.470	2.611.470
Other financial Results	-	-	-	-	(139.360)	(139.360)
Profit before tax	22.194.252	7.136.210	2.808.321	383.599	(6.999.981)	25.522.401
Income tax	-	-	-	-	(5.512.511)	(5.512.511)
Net profit	22.194.252	7.136.210	2.808.321	383.599	(12.512.492)	20.009.890
Depreciation and amortization	(3.549.808)	(307.710)	(866.639)	(66.069)	(190.665)	(4.980.891)

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

The allocation of consolidated assets and liabilities to business segments for the period 01/07/2015 - 30/09/2015, 01/07/2014-30/06/2015 and the respective period 01/07/2014 - 30/09/2014 is analysed as follows:

	30/09/2015
(amounts in €)	Greece	Cyprus	Bulgaria	Romania	Other	Total
Segment assets	449.341.005	62.192.362	104.459.977	51.212.469	-	667.205.813
Non allocated Assets	-	-	-		451.743.477	451.743.477
Consolidated Assets	449.341.005	62.192.362	104.459.977	51.212.469	451.743.477	1.118.949.290
Segment liabilities	217.009.231	4.209.540	961.774	21.768.702	-	243.949.247
Non allocated Liabilities	-	-	-	-	56.121.797	56.121.797
Consolidated liabilities	217.009.231	4.209.540	961.774	21.768.702	56.121.797	300.071.044

Group's Asset additions
(amounts in €)	30/09/2015
Greece	1.858.602
Cyprus	269.586
Bulgaria	31.219
Romania	2.162.814
Total	4.322.221

	30/06/2015
(amounts in €)	Greece	Cyprus	Bulgaria	Romania	Other	Total
Segment assets	466.555.691	73.362.450	105.729.499	48.199.432	-	693.847.072
Non allocated Assets	-	-	-		396.480.186	396.480.186
Consolidated Assets	466.555.691	73.362.450	105.729.499	48.199.432	396.480.186	1.090.327.258
Segment liabilities	218.548.484	4.986.131	887.841	21.691.047	-	246.113.503
Non allocated Liabilities	-	-	-	-	47.005.208	47.005.208
Consolidated liabilities	218.548.484	4.986.131	887.841	21.691.047	47.005.208	293.118.711

Group's Asset additions
(amounts in €)	30/06/2015
Greece	12.509.822
Cyprus	21.473.181
Bulgaria	158.555
Romania	41.755.147
Total	75.896.705

	30/09/2014
(amounts in €)	Greece	Cyprus	Bulgaria	Romania	Other	Total
Segment assets	470.673.060	57.061.524	108.124.277	5.567.171	-	641.426.034
Non allocated Assets	-	-	-		415.668.564	415.668.564
Consolidated Assets	470.673.060	57.061.524	108.124.277	5.567.171	415.668.564	1.057.094.598
Segment liabilities	237.055.296	865.727	1.813.790	1.583.834	-	241.318.647
Non allocated Liabilities	-	-	-	-	51.324.153	51.324.153
Consolidated liabilities	237.055.296	865.727	1.813.790	1.583.834	51.324.153	292.642.800

Group's Asset additions
(amounts in €)	30/09/2014
Greece	2.096.470
Cyprus	1.757.494
Bulgaria	38.774
Romania	1.312.458
Total	5.205.196

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

The sales per type of product for the first quarter of the current fiscal year are as follows:

Sales per product type for the period 01/07/2015-30/09/2015
Product Type	Sales in €	Percentage
Toy	35.755.233	23,43%
Baby products	12.956.454	8,49%
Stationary	21.416.446	14,03%
Seasonal	33.570.501	21,99%
Home products	48.878.096	32,02%
Other	51.597	0,03%
Total	152.628.327	100,00%

The sales per type of product for the first quarter of the previous fiscal year are as follows:

Sales per product type for the period 01/07/2014-30/09/2014
Product Type	Sales in €	Percentage
Toy	34.109.220	23,44%
Baby products	16.360.639	11,24%
Stationary	21.075.536	14,48%
Seasonal	31.531.912	21,67%
Home products	42.376.978	29,12%
Other	57.003	0,04%
Total	145.511.286	100,00%

4.2 Income tax

According to Greek tax legislation, income tax for the period 01.07.2015-30.09.2015 was calculated at the rate of 29% on profits of the parent company, 10%, on average, on profits of the subsidiary JUMBO EC.B. LTD in Bulgaria and 16% on profits of the subsidiaries JUMBO EC.R SRL and WESTLOOK SRL in Romania. In respect of the subsidiary companies in Cyprus, the tax rate was 12,5%.

Provision for income taxes disclosed in the condensed interim financial statements is analysed as follows:

	THE GROUP		THE COMPANY
(amounts in €)	30/09/2015	30/09/2014	30/09/2015	30/09/2014
Income taxes for the period	6.530.527	5.944.214	5.058.636	4.773.143
Deferred tax for the period Total income tax	845.528 7.376.055	(431.703) 5.512.511	845.528 5.904.164	(431.703) 4.341.440

4.3 Earnings per share

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

Basic earnings per share	THE GROUP		THE COMPANY
(amounts in €)	01/07/2015- 30/09/2015	01/07/2014- 30/09/2014	01/07/2015- 30/09/2015	01/07/2014- 30/09/2014
Earnings attributable to the shareholders of the parent company	21.791.392	20.009.890	12.264.885	12.877.868
Weighted average number of shares Basic earnings per share (euro per	136.059.759	136.059.759	136.059.759	136.059.759
share)	0,1602	0,1471	0,0901 0,0946

Earnings / (losses) per share were calculated based on the allocation of profits / (losses) after tax, on the weighted average number of shares of the parent company.

During the financial period ended as at 30.9.2015 the Company or its subsidiary and associate companies did not hold any shares of the Parent Company.

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 tax legislation, the Company as at 31/12/2008 and 31/12/2012 adjusted the acquisition value of its buildings and land plots. For IFRS purposes, that adjustment was reversed, because it does not meet the requirements imposed by IFRS.

Based on IFRS 1, the Group had the right to keep previous adjustments, if the latter disclosed the acquisition 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 are not materially different from the acquisition value, which would have been estimated as at 30/6/2004 if IFRS had been adopted.

Based on the previous accounting principles, there were prolonged depreciation 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 acquisition 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) are calculated based on the fixed method during their useful life which is as follows:

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

c. Acquisition of Tangible Assets

Net investments for the acquisition of fixed assets by the Company for the financial period 01/7/2015- 30/09/2015 reached the amount of € 1.859 thousand and for the Group € 4.322 thousand. On 30/09/2015 the Group had agreements for the construction of buildings, fixtures on buildings and transportation means of € 389 thousand that concern the subsidiaries.

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

						THE UNUUF
	Land - Freehold	Buildings and fixtures on buildings - Freehold	Transportation means	Machinery - furniture and other equipment	Software	Fixed assets under construction	Total	Leased means of transportation	Total of leasehold fixed assets	Total Property Plant and Equipment
Cost 30/06/2014	131.142.015	350.574.743	1.637.847	90.289.502	3.250.355	8.678.356	585.572.818	2.878.310	2.878.310	588.451.128
Accumulated depreciation		(79.456.172)	(1.278.768)	(57.930.464)	(2.516.494)		(141.181.898)	(1.414.325)	(1.414.325)	(142.596.223)
Net Cost as at 30/06/2014	131.142.015	271.118.571	359.079	32.359.038	733.861	8.678.356	444.390.920	1.463.985	1.463.985	445.854.905
Cost 30/06/2015	142.973.687	405.579.391	7.678.131	97.929.002	3.494.797	966.810	658.621.818		0	658.621.818
Accumulated depreciation		(92.648.704)	(1.487.935)	(63.841.790)	(2.762.239)		(160.740.668)		0	(160.740.668)
Net Cost as at 30/06/2015	142.973.687	312.930.687	6.190.196	34.087.212	732.558	966.810	497.881.150	n		497.881.150
Cost 30/09/2015	143.073.488	409.009.338	7.687.854	99.125.815	3.490.752	774.304	663.161.551		0	663.161.551
Accumulated depreciation		(96.315.268)	(1.581.850)	(65.534.794)	(2.835.880)		(166.267.792)		0	(166.267.792)
Net Cost as at 30/09/2015	143.073.488	312.694.070	6.106.004	33.591.021	654.872	774.304	496.893.759	0	0	496.893.759

THE COMPANY

	Lan d - Free hold	Buil ding d s an fixt bu ildin ure s on gs - Free hold	Tra atio ort nsp n mea ns	Mac hine ry - furn itur nd e a oth quip t er e men	Sof twa re	Fixe d a ts sse und er stru ctio con n	al Tot	Lea of tra sed me ans ort atio nsp n	f leas Tot al o eho ld f ixed ets ass	Tot erty Plan al P rop d Equ t an ipm ent
Cos t 30 /06/ 201 4	80.5 97.6 67	242 .576 .182	1.49 8.22 2	74.5 32.5 34	2.40 6.27 7	7.40 6.27 5	409 .01 7.1 58	2.87 8.31 0	2.87 8.3 10	411 .89 5.4 68
Acc late d de iatio umu prec n	0	(62 ) .890 .541	(1.1 42) 39.1	(50 ) .346 .883	(1.7 90) 77.8	0	(11 ) 6.1 54. 455	(1.4 25) 14.3	(1.4 ) 14. 325	(11 ) 7.5 68. 780
Net Co st a s at 30 /06 /20 14	80. 597 .66 7	179 .68 5.6 41	359 .080	24. 185 .65 1	628 .38 7	7.4 06. 275	292 .86 2.70 3	1.4 63. 985	1.4 63. 985	294 .32 6.6 88
Cos t 30 /06/ 201 5 Acc late d de iatio umu prec n	81.1 81.8 67 0	257 .107 .965 (71 ) .724 .322	1.49 8.22 2 (1.2 06) 87.9	76.4 68.3 11 (54 ) .430 .227	2.53 5.71 5 (1.9 05) 67.2	0 0	418 .79 2.08 1 (12 58) 9.40 9.6	0 0	0 0	418 .79 2.0 81 (12 58) 9.40 9.6
Net Co 30 /06 /20 15 st a s at	81. 181 .86 7	185 .38 3.64 3	210 .31 6	22. 038 .08 4	568 .510	0	289 .38 2.4 23	0	0	289 .38 2.4 23
Cos t 30 /09/ 201 5 d de Acc late iatio umu prec n	81.1 81.8 67 0	258 .498 .834 (74 ) .127 .359	1.49 8.22 2 (1.3 21) 21.3	76.6 00.2 36 (55 ) .573 .372	2.52 7.58 8 (2.0 20) 19.3	0 0	420 .30 6.7 47 (13 ) 3.0 41. 370	0 0	0 0	420 .30 6.7 47 (13 0) 3.04 1.37
Net Co st a s at 30 /09 /20 15	81. 181 .86 7	184 .37 1.47 5	176 .90 1	21. 026 .86 4	508 .26 8	0	287 .26 5.3 77	0	0	287 .26 5.3 77

Changes in fixed assets during the period for the Group are as follows: (amounts in Euro)

	Land - Freehold	Buildings and fixtures on buildings - Freehold	Transportation means	Machinery - furniture and other equipment	Software	Fixed assets under construction	Total	Leased means of transportation	Total of leasehold fixed assets	Total Property Plant and Equipment
Cost Net Cost as at 30/06/2014	131.142.015	350.574.743	1.637.847	90.289.502	3.250.355	8.678.356	585.572.818	2.878.310	2.878.310	588.451.128
- Additions	11.885.623	56.029.550	7.270.284	9.394.261	256.364	14.986.548	99.822.630	0	0	99.822.630
- Decreases - transfers	(5.443)	(1.024.902)	(1.230.000)	(1.715.326)	(10.538)	(22.695.925)	(26.682.134)	(2.878.310)	(2.878.310)	(29.560.444)
- Exchange differences	(48.508)		n	(39.435)	(1.384)	(2.169)	(91.496)		0	(91.496)
Net Cost as at 30/06/2015	142.973.687	405.579.391	7.678.131	97.929.002	3.494.797	966.810	658.621.818	$\bf{0}$	$\bf{0}$	658.621.818
- Additions	0	1.162.311	9.723	1.458.088	2.042	1.690.057	4.322.221	0	0	4.322.221
- Decreases - transfers	(9.938)	1.892.518	o	(340.566)	(8.126)	(1.887.759)	(353.871)		0	(353.871)
- Exchange differences	109.739	375.118		79.291	2.039	5.196	571.383		0	571.383
Net Cost as at 30/09/2015	143.073.488	409.009.338	7.687.854	99.125.815	3.490.752	774.304	663.161.551	O	0	663.161.551
Depreciation
Net Cost as at 30/06/2014	$\bf{0}$	(79.456.172)	(1.278.768)	(57.930.464)	(2.516.494)	$\bf{0}$	(141.181.898)	(1.414.325)	(1.414.325)	(142.596.223)
- Additions	0	(13.666.599)	(225.567)	(6.584.973)	(256.698)		(20.733.837)	(131.865)	(131.865)	(20.865.702)
- Decreases - transfers		469.807	16,400	665.963	10.538		1.162.708	1.546.190	1.546.190	2.708.898
- Exchange differences	0	4.260	0	7.684	415		12.359	0	0	12.359
Net Cost as at 30/06/2015	$\bf{0}$	(92.648.704)	(1.487.935)	(63.841.790)	(2.762.239)	$\bf{0}$	(160.740.668)	0	0	(160.740.668)
- Additions	0	(3.659.422)	(93.915)	(1.697.261)	(73.097)	$\Omega$	(5.523.695)	0	0	(5.523.695)
- Decreases - transfers				13.749			13.749		0	13.749
- Exchange differences	0	(7.142)		(9.492)	(544)		(17.178)	0	0	(17.178)
Net Cost as at 30/09/2015	0	(96.315.268)	(1.581.850)	(65.534.794)	(2.835.880)	$\mathbf{0}$	(166.267.792)	$\bf{0}$	0	(166.267.792)

Changes in fixed assets during the period for the Company are as follows: (amounts in Euro)

THE COMPANY

	Lan d - Free hold	Buil ding d s an fixt bu ildin ure s on gs - Free hold	Tra ort atio nsp n mea ns	Mac hine ry - furn itur nd e a oth quip t er e men	Sof twa re	Fixe d a ts sse und er ctio stru con n	Tot al	Lea of tra sed me ans atio ort nsp n	f leas Tot al o eho ld f ixed ets ass	Tot al P ert rop y Plan d Equ t an ipm ent
Cos t
Net Co st a s at 30 /06 /20 14	80. 597 .66 7	242 .57 6.1 82	1.4 98. 222	74. 532 .53 4	2.4 06. 277	7.4 06. 275	409 .01 7.1 58	2.8 78. 310	2.8 78. 310	411 .89 5.4 68
- Ad ditio ns	584 .200	15.5 56.6 85	1.23 0.00 0	3.63 5.23 6	139 .976	7.18 5.68 6	28. 331 .78 3	0	0	28. 331 .78 3
- De nsfe - tra crea ses rs	0	(1.0 24.9 02)	(1.2 30.0 00)	(1.6 99.4 59)	(10 .538 )	(14 .591 .961 )	(18 .55 6.8 60)	(2.8 78.3 10)	(2.8 78. 310 )	(21 .43 5.1 70)
- Ex cha diff nge eren ces	0	0	0	0	0	0	0	0	0	0
Net Co 30 /06 /20 15 st a s at	81. 181 .86 7	257 .10 7.9 65	1.4 98. 222	76. 468 .31 1	2.5 35. 715	0	418 .79 2.0 81	0	0	418 .79 2.0 81
- Ad ditio ns	0	215 .293	0	472 .492		1.17 0.81 7	1.8 58. 602	0	0	1.8 58. 602
- De - tra nsfe crea ses rs	0	1.17 5.57 6	0	(34 7) 0.56	(8.1 27)	(1.1 17) 70.8	(34 35) 3.9	0	0	(34 35) 3.9
cha diff - Ex nge eren ces	0	0	0	0	0	0	0	0	0	0
Net Co st a s at 30 /09 /20 15	81. 181 .86 7	258 .49 8.8 34	1.4 98. 222	76. 600 .23 6	2.5 27. 588	0	420 .30 6.7 47	0	0	420 .30 6.7 47
Dep iatio rec n

/06 /20 Net Co st a s at 30 14	0	(62 1) .890 .54	(1.1 ) 39. 142	(50 83) .34 6.8	(1.7 ) 77. 890	0	(11 ) 6.1 54. 455	(1.4 ) 14. 325	(1.4 ) 14. 325	(11 ) 7.5 68. 780
- Ad ditio ns	0	(9.3 88) 03.5	(16 4) 5.16	(4.7 42) 18.5	(19 3) 9.85	0	(14 47) .38 7.1	(131 ) .865	(13 65) 1.8	(14 12) .51 9.0
- De - tra nsfe crea ses rs	0	469 .807	16.4 00	635 .198	10.5 38	0	1.1 31. 943	1.54 6.19 0	1.5 46. 190	2.6 78. 132
diff - Ex cha nge eren ces	0	0	0	0	0	0	0	0	0	0
Net Co st a s at 30 /06 /20 15	0	(71 22) .72 4.3	(1.2 ) 87. 906	(54 7) .430 .22	(1.9 ) 67. 205	0	(12 58) 9.40 9.6	0	0	(12 ) 9.4 09. 658
- Ad ditio ns	0	(2.4 03.0 37)	(33 .415 )	(1.1 56.8 94)	(52 .115 )	0	(3.6 45. 461 )	0	0	(3.6 45. 461 )
- De - tra nsfe crea ses rs	0	0	0	13.7 49	0	0	13. 749	0	0	13. 749
- Ex cha diff nge eren ces	0	0	0	0	0	0	0	0	0	0
/09 /20 Net Co st a s at 30 15	0	(74 59) .12 7.3	(1.3 ) 21. 321	(55 72) .57 3.3	(2.0 ) 19. 320	0	(13 ) 3.0 41. 370	0	0	(13 ) 3.0 41. 370

d. Encumbrances on fixed assets

As at 30/09/2015, there are no liens on the Group's fixed assets.

4.5 Investment property (leased properties)

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

Summary information regarding those investments is as follows:

(amounts in euro)		Income from rentals
Location of asset	Description – operation of asset	1/7/2015 – 30/9/2015	1/7/2014 – 30/9/2014
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
		14.384	14.384
Nea Efkarpia	Retail Shop	2.250	2.250
Renti	Retail Shop	6.000	6.000
Total		22.634	22.634

None of the subsidiaries had any items of investment property until 30/09/2015. Net book value of those investments is analyzed as follows:

(amounts in euro)	THE GROUP
	Investment Property
Cost 30/06/2015	11.506.612
Accumulated depreciation	(5.387.891)
Net book value as at 30/06/2015	6.118.721
Cost 30/09/2015	11.506.612
Accumulated depreciation	(5.483.683)
Net book value as at 30/09/2015	6.022.929

Changes in the account for the period are as follows:

(amounts in euro)	THE GROUP
	Investment Property
Cost
Balance as at 30/6/2015	11.506.612
- Additions	-
- Decreases – transfers	-
Balance as at 30/9/2015	11.506.612
Depreciation
Balance as at 30/6/2015	(5.387.891)
- Additions	(95.792)
- Decreases – transfers	-
Balance as at 30/9/2015	(5.483.683)

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 analysed as follows:

Company	Head offices	Participation	Amount of
		rate	participation
JUMBO TRADING LTD	Avraam Antoniou 9- 2330 Kato Lakatamia Nicosia - Cyprus	100%	11.074.190
JUMBO EC.B LTD	Sofia, Bu.Bulgaria 51-Bulgaria	100%	127.104.299
	Bucharest (administrative area 3, B-dul Theodor Pallady, number.51, bulding Centrul de Calcul, 5th floor )
JUMBO EC.R SRL		100%	48.908.538
			187.087.027

«JUMBO EC.R SRL»

In June 2015, the subsidiary JUMBO EC. R SRL proceeded with the share capital increase of € 20,7m that was paid in July 2015. On 30.09.2015, the subsidiary's share capital after the above increase amounts to € 48,9m. The above increase was covered by 100% by the parent company.

In the company's financial statements, investments in subsidiaries are stated at their acquisition cost that constitutes the fair value of the consideration less the direct costs associated with the acquisition of the investment.

4.7 Financial Assets available for sale

The financial assets available for sale are presented in the table below as follows:

Amounts in €	THE GROUP		THE COMPANY
	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Conversion of deposits into Bank of Cyprus shares	4.823.750	5.284.445	-	-
Investments in Bank of Cyprus shares	4.648.907	5.092.903	-	-
Total assets available for sale	9.472.657	10.377.348	-	-
Analysis for the period:	THE GROUP		THE COMPANY
Amounts in €	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Opening balance	10.377.348	6.503.935	-	-
Additions	-	6.268.187	-	-
Sales	-	-	-	-
Gains/(losses) on valuation of financial assets
available for sale	(904.691)	(2.394.774)	-	-
Impairment	-	-	-	-
Closing Balance	9.472.657	10.377.348	-	-

4.8 Trading Securities – Derivatives

Trading securities and derivatives are analysed below as follows:

	THE GROUP		THE COMPANY
Amounts in € Bonds	30/9/2015 7.691.840	30/6/2015 5.911.120	30/9/2015 7.691.840	30/6/2015 5.911.120
Total	7.691.840	5.911.120	7.691.840	5.911.120
Analysis for the fiscal year:	THE GROUP		THE COMPANY
Amounts in €	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Opening balance	5.911.120	8.566.160	5.911.120	8.566.160
Sales	-	-	-	-
Gains/(losses) on valuation of financial assets at fair value
through profit and loss	1.780.720	(2.655.040)	1.780.720	(2.655.040)
Closing Balance	7.691.840	5.911.120	7.691.840	5.911.120

4.9 Fair value of financial assets

The table below presents the financial instruments measured at fair value in the statement of financial position, in respect of fair value measurement hierarchy. According to the fair value measurement hierarchy, financial assets and liabilities are grouped into three levels based on the importance of data input on the measurement of their fair value. The fair value hierarchy has the following three levels:

Level 1: inputs as a quoted price in an active market for an identical asset or liability.

Level 2 : inputs other than Level 1 that are observable for financial assets or liabilities either directly (e.g. market price) or indirectly (arising from market prices) and

Level 3: inputs for assets or liabilities not based on observable market input (unobservable inputs).

The level for each financial asset or liability is defined based on the lowest level of significance of the data introduced for fair value measurement purposes.

Financial assets and liabilities measured at fair value in the statement of financial position are categorized in the fair value hierarchy as follows:

		THE GROUP
Amounts in €	Valuation at fair value at the end of the reporting period using:
	30/9/2015	Level 1	Level 2		Level 3
Description -Bonds -Shares	7.691.840 9.472.657	7.691.840 9.472.657		- -	- -
Total asset at fair value	17.164.497	17.164.497		-	-
Amounts in €	Valuation at fair value at the end of the reporting fiscal year using:	THE GROUP
	30/6/2015	Level 1	Level 2		Level 3
Description -Bonds	5.911.120	5.911.120		-	-
-Shares Total asset at fair value	10.377.348 16.288.468	10.377.348 16.288.468		- -	- -
Amounts in €	Valuation at fair value at the end of the reporting period using:	THE COMPANY
		30/9/2015	Level 1	Level 2	Level 3
Description		7.691.840	7.691.840	-	-
-Bonds -Shares		-	-	-	-
Total asset at fair value		7.691.840	7.691.840	-	-
		THE COMPANY
Amounts in €		Valuation at fair value at the end of the reporting fiscal year using:
		30/6/2015	Level 1	Level 2	Level 3
Description
-Bonds		5.911.120	5.911.120	-	-
-Shares		-	-	-	-

Listed bonds are valued at the closing price on the reporting date.

Listed shares and warrants are valued at the closing price on the reporting date.

Group's shares concern the shares of Bank of Cyprus that the subsidiary company Jumbo Trading LTD hold. The relative reference is made in Note 4.7.

4.10 Other long term receivables

(amounts in €)	THE GROUP		THE COMPANY
Other long term receivables	30/09/2015	30/06/2015	30/09/2015	30/06/2015
Guarantees	6.704.086	6.704.086	6.686.556	6.686.556
Prepaid expenses	11.025.773	11.054.992	788.132	803.716
Total	17.729.859	17.759.078	7.474.688	7.490.272

The sum of «Guarantees» relates to long term guarantees, which will be collected or returned after the end of the next financial year.

The amount of prepaid expenses refers to long-term prepaid store rentals. The amount includes an amount of € 8.694.788 out of € 10.000.000 as an advance payment of future rents that the subsidiary company Jumbo Trading made for a hyper store in a mall in a central area in Paphos that opened on November 2013. The duration is for 20 year with the option of renewal for two more periods of 10 years each. In order to guarantee the above the subsidiary has received a letter of guarantee. Relevant information is provided in Note 4.19 below.

Fair value of these receivables does not differ from the one presented in the Financial Statements and is subject to re-evaluation on an annual basis.

4.11 Long term and short term blocked bank deposits

Amounts in €	THE GROUP		THE COMPANY
Blocked bank deposits	30/09/2015	30/06/2015	30/09/2015	30/06/2015
Long Term Blocked bank deposits	952.903	952.903	-	-
Short Term Blocked bank deposits	-	-	-	-
Total	952.903	952.903	-	-

The amount of € 952.903 on 30.9.2015 concerns a collateral in the form of blocked bank deposits to secure bank overdrafts of the subsidiary company Jumbo Trading Ltd.

4.12 Cash and cash equivalents

		THE GROUP	THE COMPANY
Cash and cash equivalents	30/9/2015	30/6/2015	30/9/2015	30/6/2015
(amounts in €)
Cash in hand	2.949.625	4.031.446	2.527.115	3.582.257
Bank account balances	5.956.685	-	5.956.685	-
Sight and time deposits	325.916.339	294.886.962	178.802.423	166.310.816
Total	334.822.649	298.918.408	187.286.223	169.893.073

Time deposits concern short term investments of high liquidity. The interest rate for time deposits for the Group was 1,05%-3,30%, while for sight deposits it was 0,15%-1%.

4.13 Equity 4.13.1 Share capital

(amounts in euro except shares)	Number of shares	Nominal share value	Value of ordinary shares
Balance as at July 1st 2014	136.059.759	1,19	161.911.113
Changes in the period	-	1,19	-
Balance as at 30th June 2015	136.059.759	1,19	161.911.113
Changes in the period	-	1,19	-
Balance as at 30th September 2015	136.059.759	1,19	161.911.113

4.13.2Share Premium and Other reserves

The analysis of share premium and other reserves is as follows:

				TH E G	RO UP
(am ) in nts ou eu ro	Sh ium are p rem	Sta tut ory res erv e	Re ir va t fa se rve s a lue	Ta x f ree res erv es	ord Ex tra ina ry res erv es	Sp ial ec res erv es	Ot he r res erv es	To tal of oth er res erv es	To tal
Ba lan J uly at 1s t 20 14 ce	7.7 02 .07 8	32 .13 6.2 35	2.9 80 .96 9	1.7 97 .94 4	30 2.9 07 .22 7	( ) 35 1.3 78	-	33 9.4 70 .99 6	34 7.1 73 .07 4
C ha in the f ina ia l ye ng es nc ar	-	3. 97 4.5 6 8	( 2. 3 9 4.7 7 4 )	-	21 0 8 9. 26 2	( 5 0 3. 81 5 )	-	22 .1 65 24 2	22 .1 65 24 2
Ba lan 3 0th Ju 20 15 at ce ne	7.7 02 .07 8	36 .11 0.8 03	58 6.1 95	1.7 97 .94 4	32 3.9 96 .48 9	( ) 85 5.1 92	-	36 1.6 36 .24 0	36 9.3 38 .31 8
C ha in the io d ng es pe r	6 6. 87 6	10 9. 22 7	( 9 0 4. 6 9 2 )	-	-	3 4.5 61	-	( 7 6 0. 9 0 4 )	( 6 9 4. 0 28 )
Ba lan 3 0th Se be at tem ce p r 20 15	7.7 68 .95 4	36 .22 0.0 30	( ) 31 8.4 97	1.7 97 .94 4	32 3.9 96 .48 9	( ) 82 0.6 31	-	36 0.8 75 .33 6	36 8.6 44 .29 0

THE COMPANY

(am ) nts in ou eu ro	Sh ium are p rem	Sta tut ory res erv e	Re ir va t fa se rve s a lue	Ta x f ree res erv es	Ex ord ina tra ry res erv es	Sp ial ec res erv es	Ot he r res erv es	To tal of oth er res erv es	To tal
Ba lan at J uly 1s t 20 14 ce	7.7 02 .07 8	32 .13 6.2 35	-	1.7 97 .94 4	30 2.9 07 .22 7	( ) 34 9.5 53	-	33 6.4 91 .85 3	34 4.1 93 .93 1
C ha in the f ina ia l ye ng es nc ar	-	3. 6 8 6.7 0 9	-	-	21 0 8 9. 26 2	( 0 2. 9 42 ) 5	-	24 27 3. 0 3 0	24 27 3. 0 3 0
Ba lan 3 0th Ju 20 15 at ce ne	7.7 02 .07 8	35 .82 2.9 44	-	1.7 97 .94 4	32 3.9 96 .48 9	( ) 85 2.4 95	-	36 0.7 64 .88 2	36 8.4 66 .96 0
in io C ha the d ng es pe r	6 6. 87 6	-	-	-	-	3 4.5 61	-	3 4.5 61	10 1. 43 7
Ba lan at 3 0th Se tem be ce p r 20 15	7.7 68 .95 4	35 .82 2.9 44	-	1.7 97 .94 4	32 3.9 96 .48 9	( ) 81 7.9 34	-	36 0.7 99 .44 3	36 8.5 68 .39 7

4.14 Long term loan liabilities

Long term loan liabilities of the Group and the Company are analysed as follows:

Loans	THE GROUP		THE COMPANY
(amounts in euro)	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Long term loan liabilities
Bond loan non - convertible
to shares	143.916.512	143.916.512	143.916.512	143.916.512
Total	143.916.512	143.916.512	143.916.512	143.916.512

Common Bond Loan

On 21.05.2014 a common bond loan agreement was signed, between the parent company and a financial institution, of five year duration with a maximum amount of up to € 145 million under favorable terms for the Company. The interest rate is 6 - month euribor + 4% margin. The loan will be fully repaid at maturity.

Maturity of long term loans is analysed as follows:

		THE GROUP	THE COMPANY
(amounts in euro)	30/9/2015	30/6/2015	30/9/2015	30/6/2015
From 1 to 2 years From 2 to 5 years After 5 years	- 143.916.512 -	- 143.916.512 -	- 143.916.512 -	- 143.916.512 -
	143.916.512	143.916.512	143.916.512	143.916.512

4.15 Short-term loan liabilities

Short-term loan liabilities are analysed as follows:

Amounts in €	THE GROUP		THE COMPANY
Short- term loan liabilities	30/09/2015	30/06/2015	30/09/2015	30/06/2015
Overdraft account
	132.653	2.877.527	-	2.669.667
Total	132.653	2.877.527	-	2.669.667

The Company signed an overdraft agreement, covering its working capital requirements. On 30/09/2015, Jumbo Trading Ltd had unused cash facilities amounting to € 767.344 (30.06.2015: € 692.142).

4.16 Deferred tax liabilities

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

	THE GROUP
		30/09/2015		30/06/2015
(amounts in euro)	Asset	Liability	Asset	Liability
Non current assets
Tangible assets	-	9.762.201	-	8.714.972
Tangible assets from financial leases	-	-	-	-
Current Assets Financial assets at fair value through profit and loss account -Trading securities	89.367	-	- 297.657	- -
Equity
Share Capital Increase expenses	235.909	-	169.034	-
Deferred tax of the IAS 19	337.147	-	302.586	-
Long term liabilities
Provisions	268.587		12.393	-
Benefits to employees	1.387.349		1.202.296	-
Long-term loans		294.718	-	263.406
Total	2.318.359	10.056.919	1.983.966	8.978.378
Deferred tax liability		7.738.560		6.994.412

For the Company, the respective accounts are analysed as follows:

	THE COMPANY
		30/09/2015	30/06/2015
(amounts in euro)	Asset	Liability	Asset	Liability
Non current assets
Tangible assets	-	9.695.083	-	8.647.910
Tangible assets from financial leases	-	-	-	-
Current Assets Financial assets at fair value through profit and loss account -Trading securities	89.367	-	- 297.657	- -
Equity
Share Capital Increase expenses	235.909	-	169.034	-
Deferred tax of the IAS 19	334.086	-	299.525	-
Long term liabilities
Provisions	256.194		-	-
Benefits to employees	1.379.237		1.194.184	-
Long-term loans		294.718	-	263.406
Total	2.294.793	9.989.801	1.960.400	8.911.316
Deferred tax liability		7.695.008		6.950.916

4.17 Current tax liabilities

Under the provisions of Law 4334/2015, publicized as at 16/07/2015, the income tax rate regarding the legal entities in Greece for the profits arising in tax years starting on or after 01/01/2015, was increased and stood at 29% versus 26%, effective as at 30/06/2015. Moreover, the advance legal entities income tax payment, under the aforementioned Law, was increased and stood at 100% versus 80%. Under POL 1217/2015 (publication date - 24/09/2015), as far as all the legal entities are concerned, the advance tax payment is increased to 100% for the profits arising in tax years starting on or after 01/01/2014. The changes in the tax legislation, as mentioned above, have resulted in a) an increase in the company's obligations arising from income tax, and b) an increase of € 5,5 million in the receivables from the Greek State included in the items "Other Receivables".

The analysis of tax liabilities is as follows:

	THE GROUP		THE COMPANY
Current tax liabilities	30/09/2015	30/06/2015	30/09/2015	30/06/2015
(amounts in €)
Income tax liability	39.513.427	33.348.894	37.884.880	31.310.547
Other tax liability	8.869.810	6.661.902	4.440.633	2.546.084
Total	48.383.237	40.010.796	42.325.513	33.856.631

Deferred tax is not included in income tax liabilities.

4.18 Cash flows from operating activities

(amounts in euro) THE GROUP				THE COMPANY
	30/09/2015	30/09/2014	30/09/2015	30/09/2014
Cash flows from operating activities
Profit before taxes for the period	29.167.447	25.522.401	18.169.049	17.219.308
Adjustments for:
Depreciation of tangible and intangible assets	5.619.487	4.980.891	3.741.253	3.717.617
Pension liabilities provisions (net)	125.061	105.887	125.061	105.887
(Profit)/ loss from sales of tangible assets	(1.703)	(1.380)	(1.703)	(1.380)
Other provisions	1.109	-	-	-
Revaluation (gain) / losses of financial assets
at fair value through profit / loss account	(1.780.720)	139.360	(1.780.720)	139.360
Interest and related income	(1.775.222)	(2.543.200)	(1.414.641)	(1.828.099)
Interest and related expenses	1.629.483	1.905.053	1.586.729	1.874.519
Exchange Differences	7.038	(50.862)	(4.338)	9.917
Operating profit before change in working capital	32.991.980	30.058.150	20.420.690	21.237.129
Change in working capital
(Increase)/ decrease in inventories (Increase)/ decrease in trade and other	19.601.866	(6.086.360)	19.606.922	(4.487.072)
receivables	(8.976.540)	(349.951)	689.636	(5.344.923)
(Increase)/ decrease in other current assets	(1.487.749)	(1.064.789)	(1.311.680)	(1.006.295)
Short term blocked bank deposits	-	6.250.082	-	-
Increase/ (decrease) liabilities (excluding
bank loans)	7.829.621	2.750.404	8.346.080	3.164.333
Other	15.582	(344.700)	15.584	21.848
	16.982.780	1.154.687	27.346.542	(7.652.109)
Cash flows from operating activities	49.974.760	31.212.836	47.767.232	13.585.020

4.19 Contingent Liabilities / Contingent Assets

• Contingent liabilities

Within the closing period, the Group granted letters of guaranty to third parties as security for liabilities of € 22 ths. (30/06/2015: € 106 ths). This amount concerns the parent company.

The Annex to the non-cancellable lease agreement on real estate renting, which originally ends on 28 May 2023 and is extended until 28 May 2035, makes reference to the fact that Jumbo EC. B will be obliged to purchase the rented store and the property ownership, under which the store is constructed for a total price of EUR 13.500.000 without VAT, in case that during the rental period Mr. Apostolos Vakakis ceases to be an executive member of the Board of Directors of Jumbo SA.

From the total € 13.500.000 Jumbo Trading Limited is a guarantor for the amount of € 10.125.000.

Jumbo Trading Limited, Cyprus is a co-debtor and is jointly liable with the Company for all the obligations, arising from the rental agreement and all annexes to it.

There are contingent tax liabilities for JUMBO EC. B LTD amounting to € 77.604, relating to the results of tax inspections, for which the subsidiary has commenced legal proceedings.

• Contingent Assets

On 30.09.2015, the Group had good performance letters of guarantee amounting to € 11,65 million, that are analysed as follows:

• A letter of guarantee amounting to € 9,35 million to the subsidiary Jumbo Trading Ltd to fulfill the terms of the property lease contract in Paphos.

• A letter of Guarantee of € 2,3 million to the parent company for good performance of cooperation with the customer Franchise Kid-Zone in Albania and Kosovo.

4.20 Unaudited Fiscal Years

As at 30.09.2015 , the unaudited fiscal years in respect of the Group are as follows:

Company	Unaudited Financial Years
JUMBO S.A.	01.07.2009-30.06.2010
JUMBO TRADING LTD	From 01.01.2010-30.06.2010 to 01.07.2014-30.06.2015
JUMBO EC.B LTD	From 01.01.2010-31.12.2010 to 01.01.2014-31.12.2014
JUMBO EC.R S.R.L	From 01.08.2006-31.12.2006 to 01.01.2014-30.06.2015
ASPETΤO LTD	From 01.08.2006-31.12.2006 to 01.01.2014-31.12.2014
WESTLOOK S.R.L.	From 01.10.2006-31.12.2006 to 01.01.2014-31.12.2014

The unaudited fiscal year for the Company is the one ended on 30.06.2010 (01.07.2009- 30.06.2010). The fiscal year that ended on 30.06.2015 is being tax-audited by the statutory auditors in accordance with the provisions of Article 65A 5 N. 4174/2013. This audit is in progress and the related tax certificate will be issued after the publication of the interim financial statements of the first quarter of the current financial year 2015-2016. For the fiscal year 30.06.2011 up to 30.06.2015, the Company has been tax audited by the statutory auditors in accordance with the provisions of Article 82 par 5, Law2238/1994. The aforementioned audits for the fiscal years from 30.06.2011 until 30.06.2014 have been completed and unqualified opinion tax certificates have been issued and the relevant reports have been submitted to the Ministry of Finance.

The subsidiary company JUMBO TRADING LTD, operating in Cyprus, has been inspected by the tax authorities until 31.12.2009 in accordance with the Cypriot tax authorities. JUMBO TRADING LTD

prepares its financial statements in compliance with IFRS and consequently it charges its results with relevant provisions for tax differences, whenever necessary.

The subsidiary companies JUMBO EC.B LTD and JUMBO EC.R S.R.L prepare their financial statements in compliance with IFRS, making provisions for additional tax differences, whenever necessary, burdening their results.

The subsidiary companies WESTLOOK SRL in Romania and ASPETΤO LTD in Cyprus, have not yet started their commercial activity and, therefore, no issue of unaudited fiscal years and further tax liabilities arises.

Regarding the newly acquired «GEOCAM HOLDINGS LIMITED», «GEOFORM LIMITED» and «RIMOKIN PROPERTIES LTD» in Cyprus, they are going through their first financial and tax year.

For the tax un-audited fiscal years of the Group's companies, a provision of € 165.311 (Company: € 146.708) has been formed and is conceded sufficient.

5. Transactions with related parties

Apart from "JUMBO SA", the Group includes the following related companies:

1. The subsidiary company «Jumbo Trading LTD», based in Cyprus, in which the Parent company holds 100% of shares and voting rights. The subsidiary company JUMBO TRADING LTD participates at the rate of 100% in the share capital of the company ASPETTO LTD and ASPETTO LTD participates at the rate of 100% in the share capital of the company WESTLOOK SRL. Moreover, the subsidiary company JUMBO TRADING LTD participates at the rate of 100% in the share capital of RIMOKIN PROPERTIES LTD, of GEOCAM HOLDINGS LIMITED and GEOFORM LIMITED.

2. The subsidiary company in Bulgaria «JUMBO EC.B. LTD» based in Sofia, Bulgaria, in which the Parent company holds 100% of shares and the voting rights.

3. The subsidiary company in Romania «JUMBO EC.R. SRL» based in Bucharest of Romania in which the Parent company holds the 100% of shares and voting rights.

The most important transactions and balances between the Company and the related parties (except physical persons) on 30.09.2015, as defined in IAS 24, are as follows:

Amounts in €	THE GROUP		THE COMPANY
Sales of products	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Subsidiaries	-	-	20.331.487	17.908.181
Total	-	-	20.331.487	17.908.181
Sales of services	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Subsidiaries	-	-	4.787	2.692
Total	-	-	4.787	2.692
Sales of tangible assets	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Subsidiaries	-	-	326.673	193.784
Total	-	-	326.673	193.784
	THE GROUP		THE COMPANY
Purchases of products	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Subsidiaries	-	-	505.018	263.250
Other related parties	-	413.318	-	413.318
Total	-	413.318	505.018	676.568

Purchases of tangible assets	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Subsidiaries	-	-	3.600	540
Total	-	-	3.600	540
	THE GROUP		THE COMPANY
Receivables	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Subsidiaries	-	-	14.287.205	26.234.485
Total	-	-	14.287.205	26.234.485
Liabilities	30/9/2015	30/6/2015	30/9/2015	30/6/2015
Subsidiaries	-	-	-	20.708.461
Total	-	-	-	20.708.461

The most important transactions and balances between the companies of the Group (except the parent company JUMBO S.A. that are included in the above tables), as defined in IAS 24, are as follows:

	30/9/2015			30/9/2014
Amounts in €	Income	Expenses	Income	Expenses
JUMBO ΕC.B LTD with JUMBO ΕC.R SRL	2.116	-	-	177.192
Total	2.116	-	-	177.192
	30/9/2015			30/6/2015
	Receivables	Liabilities	Receivables	Liabilities
JUMBO ΕC.B LTD with JUMBO ΕC.R SRL	18.160	-	20.456	-
Total	18.160	-	20.456	-

The above amounts have been eliminated at Group level.

The company Tanosirian S.A. is shareholder of the parent company Jumbo S.A.. A member of Tanosirian S.A. Management is also a member of the parent company's Management.

Sales and purchases of merchandise concern goods that the parent company trades, that is, toys, infantile items, stationery, home and seasonal goods. All the transactions described above have been carried out under the usual market terms. Also, the terms that govern the transactions with the above related parties are equivalent to those that prevail in arm's length transactions (provided that these terms can be documented).

Apart from the above transaction with the affiliated companies, paragraph 6 below presents transactions with other related parties (key management and Board of Directors members).

6. Management Fees

The transactions with the Management at the Group and the Company levels are presented as follows:

Transactions with Directors and BoD Members	THE GROUP	THE COMPANY
Amounts in euro	30/09/2015	30/09/2015
Wages and salaries	228.457	121.760
Insurance service cost	18.166	7.058
Other fees and transactions with the members of the Board of Directors	24.864	24.864
Compensation due to termination of employment	1.736	1.736
	273.223	155.418

Pension Benefits:	30/09/2015	30/09/2015
Defined benefits plan	-	-
Defined contribution plan	-	-
Termination benefit plan	300.357	300.357
Payments through Equity	-	-
Total	300.357	300.357
Transactions with Directors and BoD Members	THE GROUP	THE COMPANY
Amounts in euro	30/09/2014	30/09/2014
Wages and salaries	224.242	121.760
Insurance service cost	16.930	7.058
Other fees and transactions with the members of the Board of Directors	150.956	150.956
Compensation due to termination of employment	1.845	1.845
Total	393.973	281.619
Pension Benefits:	30/09/2014	30/09/2014
Defined benefits plan	-	-
Defined contribution plan	-	-
Termination benefit plan	263.741	263.741
Payments through Equity
Total	263.741	263.741

No loans have been granted to members of BoD or other directors of the Group (and their families) and there are no assets or liabilities granted to members of BoD or other directors of the Group and their families.

7. Lawsuits and Litigations

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

The Group has made a provision for lawsuits and litigations, amounting to € 70.229, which as a total pertains to the Company.

8. Number of employees

As at 30 September 2015, the Group occupied 4.936 persons, 4.143 permanent personnel and 793 seasonal personnel, while the average number of personnel for the first quarter of the closing period i.e. from 01/07/2015 to 30/09/2015 stood at 4.736 persons (4.070 permanent personnel and 666 seasonal personnel). More specifically: the Parent company as at 30 September 2015 occupied in total 3.436 persons, 2.963 permanent personnel and 473 seasonal, the Cypriot subsidiary company Jumbo Trading Ltd in total 501 persons (237 permanent and 264 seasonal personnel), the subsidiary company in Bulgaria 528 persons (permanent personnel) and the subsidiary company in Romania 471 individuals (415 permanent and 56 seasonal personnel).

9. Seasonal fluctuation

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

Income from the sale of products for the Group for the first three months of this year reached 26,20% of the total sales of the previous year ( 01.07.2014 – 30.06.2015).

The corresponding income of the comparable period 01.07.2014-30.09.2014 reached 24,98% of the total income of the year 01.07.2014 – 30.06.2015.

10. Significant events during the period 01/07/2015-30/09/2015

In June 2015, the subsidiary JUMBO EC. R S.R.L proceeded with the share capital increase of € 20,7m that was paid in July 2015. On 30.09.2015, the subsidiary's share capital after the above increase amounts to € 48,9m. The above increase was covered by 100% by the parent company.

11. Events subsequent to the Statement of Financial Position date

In October, the new store of the Group started operating in Pitesti, Romania (12000 sqm). Thus, the Group operates 73 stores in Greece, in Cyprus, in Bulgaria and in Romania and its on-line store e-Jumbo.

The Annual Regular General Meeting of the shareholders held on 11.11.2015 approved, among other issues, non- distribution of dividends from the earnings of the closing financial year 2014-2015.

In October, Jumbo S.A. proceeded with the expansion of its store in the Port of Thessaloniki with the purchase of 3.296,05sqm for EUR 3,2million

There are no other subsequent events to the statement of financial position that affect the Group or the Company, for which reference under IFRS is required.

Moschato, 20th November 2015

The President of the Board of Directors	Managing Directοr	The Vice-President of the Board of Directors	The Head of the Accounting Department
Apostolos -Evangelos Vakakis son of Georgios	Kalliopi Vernadaki daughter of Emmanouil	Ioannis Oikonomou son of Christos	Panagiotis Xiros son of Kon/nos
Identity card no ΑΜ 052833/2014	Identity card no Φ 099860/2001	Identity card no X 156531/2002	Identity card no Λ 370348/1977 H.E.C. Licence No. 0018111

The persons responsible for the Financial Statements

/ A' Class

H. Figures and Information for the period 01/07/2015-30/09/2015

					JUMBO SOCIETE ANONYME REG No. 7650/06/8/86/04 - G.E.MI.No. 12165396000
					Cyprou 9 and Hydras Street, 18346 Moschato Attikis FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2015 TO 30 SEPTEMBER 2015 Publicized 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 to the Investment choice or other transaction with the Company, to visit the Company's web-see, where the Financial Statements prepared according to the International Financial Reporting Standards are posted, as well as the Indep
COMPANY'S INFORMATION				STATEMENT OF TOTAL COMPREHENSIVE INCOME (consolidated and non-consolidated) amounts in C
Company's Web Site: Date of approval of the three- month	www.e-armbo.ur					THE GROUP 1/7/2015	1/7/2014	THE COMPANY 1/7/2015	1/7/2014
financial statements by the Board of Directors:	20.11.2015					30/9/2015	30/9/2014	30/9/2015	30/9/2014
Certified Auditors:	Marios Lassanianos (SOEL, Reg No 25101) Athanasia Arampatzi (SOEL, Reg No 12821)				Turnover Gross profit / (Loss)	152.628.327 73.215.684	145,511,286 69.188.427	132.027.430 53,173,410	131.364.250 54.192.587
Auditing company: Auditor's opinion :	Grant Thornton S.A. (Reg No SOEL. 127) Not reguired				Profit / (Loss) before tax, financial and investment results Profit / (loss) before tax	27, 240, 988 29.167.447	25.006.507 25.522.401	16.560.417 18.169.049	17,405,088 17.219.308
	STATEMENT OF FINANCIAL POSITION (consolidated and non-consolidated) amounts in C				Loss tax Profit / (loss) after tax (A)	(7.376.055) 21.791.392	(5.512.511) 20.009.89	(5.904.164) 12.264.885	(4.341.440) 12.877.868
	THE GROUP 38/9/2015	30/6/2015	THE COMPANY 30/9/2015	30/6/2015	Attributable to: -Owners of the Company	21.791.392	20.009.890	12 264.885	12.877.868
ASSETS Tangible fixed assets and Intangible assets	496.893.759 497.881.150		287.265.377	289.382.423	Non-Controlling Interest Other comprehensive income after tax (B)	(188,570)	(68.450)	34.561
Investments property Other non current assets Invertories	6.022.929 28.155.419 178,267.617	6.118.721 29.089.329 197.792.010	6.022.929 194.561.715 153.090.879	6.118.721 194.577.299 172.697.801	Total comprehensive income after tax (A) + (B) Owners of the Company Non-Controlling Interest	21,602,823 21,602.823	19,941,440 19.941.440	12.299.446 12.299.446	12,877,868 12.877.868
Trade debtors	20.482.981	15,546.511	34.574.658	41.746.395	Profit / (loss) after taxes per basic share (in C)	0.1602	0,1471	0,0901	0,0946
Other current assets TOTAL ASSETS	389.126.585 343.899.537 1.118.949.290 1.090.327.258		237.296.247 912.811.805	208.957.588 913.480.227	Profit / (Loss) before tax, financial, investment results, depreciation and amortization	32.858.772	29.986.018	20,299.967	21.121.325
EQUITY AND LIABILITIES Share Capital	161,911,113	161.911.113	161.911.113	161.911.113		CASH FLOW STATEMENT-INDIRECT METHOD
Other Shareholder's Equity Items Total Shareholder's Equity (a)	635.297.434 483.870.941 471.504.619 656.967.133 797.208.547 818.878.246 645.782.054 633.415.732				(consolidated and non-consolidated) amounts in C THE GROUP THE COMPANY 1/7/2014 1/7/2015 1/7/2014 1/7/2015
Non-Controlling Interest (b) Total Equity (c)= (a)+(b)	818.878.246 797.208.547		645.782.054	633.415.732	Operating activities	30/9/2015	30/9/2014	30/9/2015	30/9/2014
Long term liabilities from loans Provisions / Other long term liabilities	143.916.512 26,695,313	143.916.512 25,720,528	143.916.512 13,630,290	143.916.512 12.724.426	Profits for the period before taxes Plus/minus adjustments for:	29.167.447	25.522.401	18.169.049	17,219,308
Short term borrowings Other short term liabilities	132.653 129.326.566	2.877.527 120.604.144	109.482.949	2.669.667 120.753.890	Depreciation of tangible and intangible assets Pension liability provisions (net)	5.619.487 125.061	4.980.891 105,887	3.741.253 125.061	3.717.617 105.887
Total liabilities (d)	300.071.04 293.118.711		267.029.751	280.064.495	(Proft)/ loss from sales of tangible assets	(1.703)	(1.380)	(1.703)	(1.380)
Total Equity and Liabilities (c) + (d)	1.118.949.290 1.090.327.258		912.811.805	913,480,227	Other provisions Revaluation (gain) / losses of financial assets at fair value	1.109
	ADDITIONAL ITEMS AND INFORMATION				through profit / loss account Interest and related income	(1.780.720) (1.775.222)	139,360 (2.543.200)	(1.780.720) (1.414.641)	139.360 (1.828.099)
References to the "COMPANY" or "JUMBO S.A." indicate, unless contents state otherwise, the "JUMBO" Group and its consolidated subsidiaries				Interest and related expenses Exchange Differences	1.629.483 7.038	1.905.053 (50.862)	1.586.729 (4.338)	1.874.519 9.917
1. The basic accounting principles applied under the preparation of the accompanying Interim Financial Statements are consistent					Operating profit before changes in the operating capital	32.991.980	30.058.150	20.420.690	21.237.129
with those applied under the preparation of the Financial Statements of the previous year 2014-2015 (01.07.2014-30.06.2015). with the exception of the new revised accounting standards and interpretations mentioned in Note 3.1 to the Interim Condensed					Changes in Working Capital (Increase)/decrease in Inventories	19,601,866	(6.086.360)	19.606.922	(4.487.072)
Financial Statements. There is no change in the consolidation method in comparison to the financial year ended on 30.06.2015. 2. There are no changes in the composition of the companies that are consolidated in the Group's Financial Statements in				(Increase)/decrease in trade and other receivables (Increase)/decrease in other current assets	(8.976.540) (1.487.749)	(349.951) (1.064, 789)	689.636 (1.311.680)	(5.344.923) (1.006.295)
comparison to the financial year ended on 30.06.2015, there are no changes in their consolidation method, and there are no companies or joint ventures that are not included in the Consolidated Financial Statements. 3. There are no liens on the Group's and Company's assets on 30.09.2015. In order to obtain bank overdrafts for a Group's				dincrease)/decrease in short term pledged bank deposits Increase / (decrease) in liabilities (excluding loans)	7,829,621	6.250.082 2.750.404	8.346.080	3, 164, 333
subsidiary, the amount of € 952.903 has been granted as pledge in the form of restricted bank deposits. 4. Number of staff employed :					Other Minus:	15.582	(344.700)	15.584	21.848
	The Group	30/09/2015 4.143	30/09/2014	3.824	Interest expense paid Income tax paid Total cash flows from operating activities (a)	(44.560) (5.830.781) 44.099.419	(133.407) (1.023.948) 30.055.481	(5.511) (3.996.475) 43.766.246	(102.872) 13,482.148
	Permanent Seasonal Total	4.936		4.524	Investing activities Share Capital increase of subsidiary			(20.708.461)	(5,000,001)
	The Company	30/09/2015	30/09/2014		Purchases of tangble and intangible assets	(6.049.639)	(5.787.099)	(3.370.492)	(2.944.047)
	Pennane Seasonal	2.963		2.956	Sales of langible & intagible assets Interest received Investments in financial assets available for sale	331.891 56.768	193, 385 196.170 (6.268.188)	331,891 43,633	193,385 4.184
5. There are no litigious cases, the negative outcome of which might have a significant effect on the financial results of the Group	Total	3.436		3.422	Total cash flows from investing activities (b) Financing activities	(5.660.980)	(11.665.732)	(23.703.429)	(7.746.479)
and the Company. The Group's and the Company's amount of the cumulative provisions, for every of the following categories, is as following:					Loan repayments Payment of finance lease liabilities	(2.744.874)	(5.232.078) (87.305)	(2.669.667)	(5.232.078 (87.305)
	Category (amounts in €) Provisions for significant litigations or arbitrations Provision for tax unaudited financial years		Group 70.229	Company 70.229	Total cash flows from financing activities ( c) Increase/Idecrease) in cash and	(2.744.874)	(5.319.383)	(2.669.667)	(5.319.383)
	Other provisions.		23.70.		cash equivalents of the period (a)(b)(c)	35.693.565	13.070.366	17.393.150	416.285
6. The fiscal years that are unaudited by the tax authorities for the Company and its subsidiaries are analytically presented in Note 4.20 to the Three-month Financial Statements. 7. Income and expenses, cumulatively from the beginning of the accounting period and payables and receivables of the					Cash and cash equivalents at the beginning of the period Exchange difference of cash and cash equivalents	298.918.408 210.676 334.822.649	287.567.276 5.609 300.643.251	169.893.073	195.373.828
Company at the end of the current accounting period which have arisen from transactions with related parties within the meaning of IAS 24 are as follows:					Cash and cash equivalents at the end of the period Cash in hand	2.949.625	2.534.667	187.286.223 2.527.115	195.790.113 2,160,776
	Amounts in C	The Group	The Company 20.662.948		Carrying amount of bank deposits and bank overdrafts Sight and time deposits	5.956.685 325.916.339	4.741.776 293.366.808	5,956,685 178.802.423	193.629.337
	a) Income b) Expenses c) Receivables			508.618 14.267.205	Cash and cash equivalents at the end of the period	334.822.649	100.643.251	187.286.223	195,790.113
	d) Payables e) Transactions and remuneration of key	273.223		155.418		STATEMENT OF CHANGES IN FOURY
executives and management f) Receivables from key executives and hamsparent.					(consolidated and non-consolidated) amounts in C THE COMPANY THE GROUP 30/9/2014 30/9/2015 30/9/2014
	g) Payables to key executives and management					30/9/2015
During the period 01/07/2015- 30/09/2015 JUMBO EC.B. LTD had expenses from purchases of products from JUMBO EC R.SRL, totally amounting to € 2.116. On 30/09/2015 JUMBO EC R.SRL had liabilities amounting to € 18.160 to JUMBO					Total Equity at the beginning of the period (01.07.2015 and
EC.B. LTD. All intercompany transactions and balances of the companies that have been included in the consolidation have been eliminated from the Interim Three-month Financial Statements. 8. The Group companies included in the Consolidated Financial Statements and their registered addresses, participating interest					01.07.2014 respectively) Total comprehensive income for the period after tax	797.208.547	744.510.358	633.415.732	608.236.785
and method of consolidation are presented in Note 3.3 to the Interim Financial Statements.					(continuing/ discontinuing operations) Increase / (Decrease) in Share Capital due to conversion of	21.602.823	19.941.440	12.299.446	12.877.868
9. Net investments for acquisition of fixed assets for the period 01.07.2015-30.09.2015 for the Company came to € 1.859. thousand and for the Group to € 4.322 thousand. 10. During the current financial period, the Company or its subsidiary and associate companies have not acquired any shares of				bond loan Increase / (Decrease) in Share Capital due to capitalization
the Parent Company.					of other reserve Dividends paid
11. In July 2015 the amount of € 20.7 million was paid for the share capital increase of the subsidiary company JUMBO EC. R SRL. On 30/09/2015, the subsidiary's share capital after the above increase amounts to € 48,9milli 12. The Annual Regular General Meeting of the shareholders held on 11.11.2015 approved, among other issues, non-					Increase of reserve due to conversion of bond loan
distribution of dividends from the earnings of the financial year 2014-2015. 13. Earnings/tosses) per share were calculated according to the weighted average number of the Company's total shares. 14. Regarding the total comprehensive income (after tax) for the Group, an amount of € 188.570 is analy					Net income recorded directly to equity Total equity at the end of the period (30.09.2015 and	66.876		66.876
681.561 that pertains to FX differences of foreign subsidiaries, as expenses of € 904.692 as from revaluation and sale of financial assets available for sale and income of € 34.561 that pertains to deferred taxes to the actuarial gains / (losses) due to change of the tax rate. Respectively, the total comprehensive income for the Company, an deferred taxes to the actuarial gains / (losses) due to change of the tax rate. For the previous financial period, regarding the total comprehensive expenses (after tax), an amount of € 68.450 pertains to FX differences of foreign subsidiaries. 15. Events after the end of the reporting period are presented in Note 11 to the Interim Financial Statements. 16. Any differences in the amounts are due to rounding.					30.09.2014 respectively)	818.878.246	764.451.798	645.782.054	621.114.653
THE PRESIDENT OF THE BOARD OF DIRECTORS THE MANAGING DIRECTOR					Moschato, 20 November 2015 THE VICE-PRESIDENT OF THE BOD	THE HEAD OF THE ACCOUNTING DEPARTMENT
APOSTOLOS- EVANGELOS VAKAKIS SON OF GEORGE KALLIOPI VERNADAKI DAUGHTER OF EMMANOUIL IGANNIS OIKONOMOU SON OF CHRISTOS PANAGIOTIS XIROS SON OF KONNOS
Identity card no AM 052833/2014 Identity card no @ 099860/2001				Identity card no X 156531/2002	Identity card no A 370348/1977 H.E.C. Licence No. 0018111 / A' Class