Jumbo S.A.

Quarterly Report • Sep 29, 2015

JUMBO SOCIETE ANONYME

REG No 7650/06/B/86/04

Cyprou 9 and Hydras street, Moschato, Attikis

Δurnover Gross profit Profit before tax, interest, investment results, depreciation & amortisation Profit before tax, interest and investment results	203.181.227 ------------------------------------------------------------- 102.223.831 ------------------------------------------------------------- 60.192.807 55.851.777	166.826.424 ------------------------------------------------------------- 82.023.781 ------------------------------------------------------------- 46.384.253 42.151.082	127.584.367 ------------------------------------------------------------- 65.987.205 ------------------------------------------------------------- 42.692.183 40.510.855	108.000.318 ------------------------------------------------------------- 54.460.317 ------------------------------------------------------------- 33.377.149 31.189.879	190.507.164 ------------------------------------------------------------- 91.303.769 ------------------------------------------------------------- 52.153.089 48.207.707	156.681.276 ------------------------------------------------------------- 73.035.723 ------------------------------------------------------------- 40.077.263 36.219.094	118.896.781 ------------------------------------------------------------- 58.613.584 ------------------------------------------------------------- 37.333.723 35.364.696	100.509.199 ------------------------------------------------------------- 47.964.253 ------------------------------------------------------------- 28.820.036 26.824.608
Profit before taxes Less income tax Profits after tax	53.224.938 ------------------------------------------------------------- (13.555.821) ------------------------------------------------------------- 39.669.117 -------------------------------------------------------------	39.360.287 ------------------------------------------------------------- (11.305.465) ------------------------------------------------------------- 28.054.822 -------------------------------------------------------------	39.279.834 ------------------------------------------------------------- (10.307.316) ------------------------------------------------------------- 28.972.518 -------------------------------------------------------------	29.923.423 ------------------------------------------------------------- (8.846.878) ------------------------------------------------------------- 21.076.545 -------------------------------------------------------------	45.592.264 ------------------------------------------------------------- (12.792.307) ------------------------------------------------------------- 32.799.957 -------------------------------------------------------------	33.699.713 ------------------------------------------------------------- (10.568.905) ------------------------------------------------------------- 23.130.808 -------------------------------------------------------------	34.032.781 ------------------------------------------------------------- (9.788.566) ------------------------------------------------------------- 24.244.215 -------------------------------------------------------------	25.672.572 ------------------------------------------------------------- (8.293.477) ------------------------------------------------------------- 17.379.095 -------------------------------------------------------------
Profits after tax from terminated activities Profits after tax from (continuing and terminated activities)	0 39.669.117 -------------------------------------------------------------	0 28.054.822 -------------------------------------------------------------	0 28.972.518 -------------------------------------------------------------	0 21.076.545 -------------------------------------------------------------	0 32.799.957 -------------------------------------------------------------	0 23.130.808 -------------------------------------------------------------	0 24.244.215 -------------------------------------------------------------	0 17.379.095 -------------------------------------------------------------
Attributable to: Shareholders of the parent company Minority interests Basic earnings per share (ú/share) Dilluted earnings per share (ú)	39.669.117 - 0,65 0,62	28.054.822 - 0,59 -	28.972.518 - 0,48 0,45	21.076.545 - 0,44 -	32.799.957 - 0,54 0,51	23.130.808 - 0,48 -	24.244.215 - 0,40 0,38	17.379.09 - 0,36 -
The President of the Board of Directors & Managing Director	Moschato, February 12th 2007 The Vice-President of the Board of Directors		The Financial Director		The Head of the Accounting Department
EVANGELOS-APOSTOLOS VAKAKIS SON OF GEORG. Passport no ∞μ0631716/26-9-2006	IOANNIS OIKONOMOU SON OF CHRIST. Identity card nÆ X 156531/2002		KALLIOPH VERNADAKI DAUGHTER OF EMMAN. Identity card nÆ º 099860/2001			PANAGIOTIS XIROS SON OF KON/NOS Identity card nÆ § 370348/1977 type ☎2102724090

FIGURES AND INFORMATION FOR THE PERIOD since 1 July 2006 to 31 December 2006 According to the decision 2/396/31.8.2006 of the Board of Directors of Stock Exchange Committee The following items and information aim to give a summary information about the financial position and results of JUMBO S.A. and JUMBO Group. Therefore, we recommend to the reader, before he makes any kind of investment choice or other transaction with the Company, to visit the company's web-page, where the periodic financial statements predicted by the International Financial Reporting Standards are posted, as well as the Auditor's Report, whenever it is required. Company's Web Site: www.jumbo.gr Date of approval from the Board of Directors of terminal periodic financial statements: 12/02/2007 Certified Auditor: Vasilis Kazas Auditing company: Grant Thornton Auditor's opinion: without qualifying our opinion BALANCE SHEET INFORMATION THE GROUP THE COMPANY ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- 31-12-2006 30-06-2006 31-12-2006 30-06-2006 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- ASSETS Property, plant and equipment 190.513.668 170.108.924 184.435.199 156.526.074 Inventories 81.532.836 100.746.670 76.789.265 95.899.555 Trade receivables 20.441.200 19.209.907 22.296.179 20.283.868 Other assets 144.837.955 52.639.715 119.249.910 42.952.734 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Total assets 437.325.659 342.705.216 402.770.553 315.662.231 ================ ================ ================ ================ LIABILITIES AND EQUITY Long term liabilities 123.830.777 80.160.888 115.668.332 72.087.361 Short term loans 1.389.168 16.919.163 819.161 15.772.772 Other short term liabilities 118.290.907 77.383.587 114.154.606 74.540.963 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Total liabilities (a) 243.510.852 174.463.638 230.642.099 162.401.096 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Share capital 84.864.301 84.864.301 84.864.301 84.864.301 Other elements attributable to the shareholders of the parent entity 108.950.506 83.377.277 87.264.153 68.396.834 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Total equity of the shareholders of the parent entity (b) 193.814.807 168.241.578 172.128.454 153.261.135 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Minority interests (c) - - - - ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Total equity (d)= (b)+(c) 193.814.807 168.241.578 172.128.454 153.261.135 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Total liabilities and equity (a)+(d) 437.325.659 342.705.216 402.770.553 315.662.231 ================ ================ ================ ================ STATEMENT OF CHANGES IN EQUITY INFORMATION THE GROUP THE COMPANY ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- 31-12-2006 31-12-2005 31-12-2006 31-12-2005 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- Equity in the beginning of the period (01.07.2006 and 01.07.2005 respectively) 168.241.578 114.968.232 153.261.135 107.824.832 Profit after tax for the period 39.669.117 28.054.822 32.799.957 23.130.808 Increase/(decrease) in share capital 0 15.000.993 0 15.000.993 Dividends (13.941.993) (11.113.226) (13.941.993) (11.113.226) Settlement of deferred taxes regarding items directly recorded to net equity 9.355 4.801 9.355 4.801 Exchange differences from translation of foreign subsidiaries (163.250) (1.482) 0 0 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Equity at the end of the period (31.12.2006 and 31.12.2005 respectively) 193.814.807 146.914.140 172.128.454 134.848.208 ================ ================ ================ ================ ADDITIONAL INFORMATION References to the "COMPANY" or "JUMBO S.A." indicate, unless contents state the opposite, the "JUMBO" Group and its consolidated subsidiaries. 1. The Company has had a tax audit up to the fiscal year ending at 30.06.2003. The fiscal years that have not had a tax audit, end on 30.06.2004, 30.06.2005 and 30.06.2006. The subsidiary JUMBO TRADING LTD has had a tax audit up to 31.12.2004, imposed by the Cypriot Tax Authorities. The fiscal years that have not had a tax audit are 01.01.2005-30.06.2005 and 01.07.2005-30.06.2006. Subsidiary Companies JUMBO EC.B LTD and JUMBO EC.R LTD has not commenced their operations and therefore, no issue of un-audited fiscal years arises. 2. The companies that constitute the Group, by their corresponding addresses, percentage, participation type and consolidation method, are the following: Consolidated subsidiary Percentage & Participation Main office Consolidation method JUMBO TRADING LTD 100% Direct Cyprus Full Consolidation JUMBO EC.B LTD 100% Direct Bulgaria Full Consolidation JUMBO EC.R LTD 100% Direct ROMANIA Full Consolidation Note: The subsidiary "JUMBO EC.R" was established on 09.08.2006. 3. There is no change on the consolidation method in comparison to the accounting period ended on 30.06.2006. 4. The Group has applied the same accounting principles as in the financial statements of 30.06.2004 (IFRS Stable Platform). CASH FLOWS STATEMENT THE GROUP THE COMPANY ----------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- 31-12-2006 31-12-2005 31-12-2006 31-12-2005 ----------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Cash flows from operating activities Net profit for the period 39.669.117 28.054.822 32.799.957 23.130.808 Adjustments for: Income taxes 13.555.821 11.305.465 12.792.307 10.568.905 Depreciation of non current assets 4.341.031 4.233.059 3.945.382 3.858.169 Pension liability provisions (net) 145.925 121.278 145.925 121.278 Other provisions 79.433 66.784 79.433 66.784 (Profit)/loss from sales of non current assets 22.221 - 22.221 - Interest and related income (943.461) (344.031) (661.951) (228.301) Interest and related expenses 3.570.300 3.134.826 3.277.394 2.747.682 Other Exchange Differences (73.569) - (73.569) - ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Operating profit before change in working capital 60.366.817 46.572.203 52.327.098 40.265.325 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Change in working capital (Increase)/decrease in inventories 19.006.746 (231.939) 19.110.290 (165.820) (Increase)/decrease in trade and other receivables 1.037.813 1.523.526 188.834 285.162 (Increase)/decrease in other current assets (82.653) 1.278.915 (82.653) 1.278.915 Increase/(decrease) in trade payables 19.990.110 2.213.455 18.320.965 448.123 Other (40.509) (2.307.467) (40.006) (136.713) Interest paid (914.554) (3.109.020) (653.141) (2.721.876) Income tax paid (6.687.307) 4.926.001 (5.580.845) 4.307.577 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Net cash flows from operating activities 92.676.463 50.865.674 83.590.542 43.560.693 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Cash flows from investing activities Acquisition of non current assets (25.020.270) (10.773.009) (23.365.648) (9.118.788) Sales of tangible assets 99.573 105.206 99.573 105.206 Loans to subsidiaries - - (201.123) - Amounts owed by affiliated parties for Share Capital increase - - 4.157.076 (2.165.000) Acquisition of subsidiaries - - (8.650.080) (255.624) Interest and related income received 943.461 344.031 661.951 228.301 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Net cash flows from investing activities (23.977.235) (10.323.772) (27.298.250) (11.205.905) ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Cash flows from financing activities Issuance of common shares - 3.916.212 - 3.916.212 Dividends paid to shareholders (290) (6.484) (290) (6.484) Loans received 41.571.422 291.113 41.571.422 - Loans paid (15.477.748) (5.074.059) (15.019.075) (1.752.986) Payments of capital of financial leasing (481.829) (475.293) (472.729) (475.293) ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Net cash flows from financing activities 25.611.555 (1.348.511) 26.079.328 1.681.449 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Increase/(decrease) in cash and cash equivalents (net) 94.310.783 39.193.391 82.371.620 34.036.237 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Cash and cash equivalents in the beginning of the period 21.818.592 31.454.561 8.980.606 24.462.426 Exchange difference of cash and cash equivalents 84.401 (1.483) - - ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Cash and cash equivalents at the end of the period 116.213.776 70.646.469 91.352.226 58.498.663 ================ ================ ================ ================ Cash in hand 1.940.808 2.962.995 1.898.400 2.916.090 Carrying amount of band deposits and bank overdrafts 19.490.353 22.622.002 19.490.353 17.080.356 Sight and time deposits 94.782.615 45.061.472 69.963.473 38.502.217 ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- ------------------------------------------------------- Cash and cash equivalents 116.213.776 70.646.469 91.352.226 58.498.663 ================ ================ ================ ================ All amounts are in Euro, unless mentioned differently. 5. There are no encumbrances on the company's assets. There are encumbrances on the subsidiary JUMBO TRADING LTD (a' & b' class mortgages), ú 9. 339 thousand (5.400 thousand Cypriot Pounds) to secure of bank borrowings. 6. There are no litigious cases, the negative outcome of which might have a significant impact on the financial results of the Group. 7. Number of staff employed as at the end of the accounting year audited: Group's 3.228 (1.664 permanent, 1.664 temporary), Company's 3.121 (1.646 permanent , 1.475 temporary). 8. Sales and purchases, cumulatively from the beginning of the accounting period and payables and receivables of the company at the end of the current accounting period which have arisen from transactions with related parties according IAS 24 are as follows: Group Company

INCOME STATEMENT INFORMATION
	THE GROUP -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------				THE COMPANY --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
	1/7-31/12/2006	1/7-31/12/2005	1/10-31/12/2006 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	1/10-31/12/2005		1/7-31/12/2006 1/7- 31/12/2005	1/10-31/12/2006 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	1/10-31/12/2005

9. Net investments for the procurement of property plant and equipment for the period 01.07.2005-30.06.2006 came up to ú 23.366 thousand and the Group's at ú 25.020 thousand.

10. At December 2006 the subsidiary company JUMBO EC B increased its share capital. The increase was fully covered (100%) by the parent company JUMBO SA. The share capital of JUMBO EC B amounts to ú 8,9 millions.

	Group	Company
a) Sales of goods and services	-	3.688.786
b) Purchases of goods and services	-	187.568
c) Receivables	-	3.487.648
d) Payables	-	187.568
e) Transactions and remuneration of managers
and members of the administration	677.709	494.590
f) Receivables from managers and members of the administration	-	-
g) Payables to managers and members of the administration	-	-