JUMBO S.A. GROUP OF COMPANIES

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

INTERIM FINANCIAL RESULTS For the period from 1 July 2009 to 30 September 2009

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

INTERIM FINANCIAL RESULTS For the period from 1st July 2009 to 30th September 2009

It is confirmed that the attached Interim Financial Statements for the period 01.07.2009-30.09.2009, are the ones approved by the Board of Directors of JUMBO S.A. on November 12, 2009 and communicated to the public by being uploaded at the Company's website www.jumbo.gr where they will remain at the disposal of the investment public for a period of 5 years at least from the date of their editing and publishing. It is noted that summarized financial information published in the press is intended to give the reader a general view but it does not provide a complete picture of the financial position and the results of the Group and the Company in compliance with International Financial Reporting Standards. It is also noted that for simplification purposes summarized financial information published in the press includes accounts which have been condensed and reclassified.

Moschato, 12 November 2009

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

Evangelos – Apostolos Vakakis

A.	INTERIM INCOME STATEMENT 5
B.	INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME 6
C.	INTERIM STATEMENT OF FINANCIAL POSITION 7
D.	STATEMENT OF CHANGES IN EQUITY - GROUP8
E.	STATEMENT OF CHANGES IN EQUITY - COMPANY10

F.	INTERIM CASH FLOW STATEMENT 12
G.	SELECTED EXPLANATORY NOTES TO THE INTERIM PARENT AND
	CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 200913
1.	Information of the Group 13
2.	Company's Activity 13
3.	Accounting Principles Summary 14
3.1	Changes to Accounting Policies 14
3.2	New standards, amendments to published standards and interpretations 16
3.3	Structure of the Group and consolidation 18
4.	Notes to the Financial Statements 20
4.1	Segment Reporting 20
4.2	Income tax 22
4.3	Earnings per share 23
4.4	Property plant and equipment 24
4.5	Investment property (leased properties) 29
4.6	Investments in subsidiaries 30
4.7	Cash and cash equivalents 31
4.8	Equity 31
	Share capital 31 4.8.1
	Other reserves 32 4.8.2
4.9	Loan liabilities 32
	Long term loans 32 4.10
	Financial leases 33 4.11
	Short-term loan liabilities / long term liabilities payable in the subsequent year 34 4.12
	Deferred tax liabilities 34 4.13
	Current tax liabilities 35 4.14 Cash flows from operating activities 35 4.15
	Contingent assets - liabilities 36 4.16
5.	Transactions with related parties 36

6.	Fees to members of the BoD 37
7.	Lawsuits and legal litigations 38
8.	Number of employees 39
9.	Seasonal fluctuation 39
10.	Proposal for the allocation of profits for the period 2008-2009 39
11.	Important events of the period 01/07/2009-30/09/2009 39
12.	Events subsequent to the statement of financial position 39

H.	FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2009 TO 30
	SEPTEMBER 200941

A. INTERIM INCOME STATEMENT

(All amounts are expressed in euros except from shares)

			THE GROUP		THE COMPANY
	Not es	1/7/2009- 30/9/2009	1/7/2008- 30/9/2008	01/07/08- 30/06/2009	1/7/2009- 30/9/2009	1/7/2008- 30/9/2008	01/07/08- 30/06/2009
Turnover		116.527.198	107.546.012	467.808.456	110.530.601	103.574.574	444.140.428
Cost of sales		(59.890.687)	(54.851.990)	(213.537.578)	(59.788.029)	(55.835.851)	(214.401.819)
Gross profit		56.636.511	52.694.022	254.270.878	50.742.572	47.738.723	229.738.609
Other income Distribution costs Administrative expenses Other expenses		457.345 (27.843.893) (4.608.581) (759.427)	382.256 (26.141.502) (4.205.903) (665.958)	2.884.891 (108.708.455) (15.937.459) (4.330.873)	419.530 (26.284.256) (3.981.087) (647.013)	355.637 (24.846.436) (3.522.072) (630.653)	2.652.435 (102.201.877) (13.094.368) (3.770.024)
Profit before tax, interest and investment results		23.881.955	22.062.915	128.178.982	20.249.746	19.095.200	113.324.776
Finance costs Finance income		(2.017.795) 711.036 (1.306.758)	(2.087.768) 371.420 (1.716.348)	(7.718.913) 2.816.770 (4.902.143)	(1.914.756) 379.171 (1.535.585)	(1.983.481) 233.046 (1.750.435)	(7.312.226) 1.736.268 (5.575.958)
Profit before taxes		22.575.197	20.346.567	123.276.839	18.714.161	17.344.764	107.748.818
Income tax	4.2	(5.047.087)	(4.699.527)	(27.533.426)	(4.651.518)	(4.392.363)	(25.869.536)
Profits after tax		17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282
Attributable to: Shareholders of the parent company Minority interests		0 17.528.110 -	0 15.647.040 -	95.743.413 -	0 14.062.643	0 12.952.401	0 81.879.282
Earnings per Share Basic earnings per share
(€/share) Diluted earnings per	4.3	0,1422	0,1291	0,7897	0,1141	0,1068	0,6754
share (€/share)	4.3	0,1419	0,1238	0,7516	0,1139	0,1031	0,6451
Earnings before interest, tax, investment results and depreciation Earnings before interest, tax and investment		26.889.704	24.681.370	139.629.613	22.918.735	21.411.096	123.424.804
results		23.881.955	22.062.915	128.178.982	20.249.746	19.095.200	113.324.776
Profit before tax		22.575.197	20.346.567	123.276.839	18.714.161	17.344.764	107.748.818
Profit after tax		17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282

B. INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME

(All amounts are expressed in euros except from shares)

				Statement of Comprehensive Income
		THE GROUP			THE COMPANY
	30/9/2009	30/9/2008	30/06/2009	30/9/2009	30/9/2008	30/6/2009

Net profit (loss) for the period	17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282

Exchange differences on
translation of foreign operations	4.372	(55.136)	(329.886)	-	-	-
Other comprehensive income
for the period after tax	4.372	(55.136)	(329.886)	-	-	-
Total comprehensive income
for the period	17.532.481	15.591.904	95.413.527	14.062.643	12.952.401	81.879.282

Total comprehensive income
for the period to:

Owners of the company Minority interest	17.532.481	15.591.904 -	95.413.527 -	14.062.643 -	12.952.401 -	81.879.282 -

C. INTERIM STATEMENT OF FINANCIAL POSITION

(All amounts are expressed in euros unless otherwise stated)

			THE GROUP		THE COMPANY
	Notes	30/09/2009	30/09/2008	30/06/2009	30/09/2009	30/09/2008	30/06/2009
Assets Non current
Property, plant and equipment Investment property Investments in subsidiaries	4.4 4.5 4.6	290.023.924 8.262.227 -	249.112.574 8.655.705 -	280.194.566 8.359.645 -	224.979.359 8.262.227 62.979.798	204.109.982 8.655.705 37.979.874	219.151.690 8.359.645 42.979.797
Other long term receivables		3.014.043	3.001.916	3.009.261	3.009.361	3.001.916	3.004.580
Current		301.300.194	260.770.195	291.563.471	299.230.745	253.747.477	273.495.712
Inventories Trade debtors and other trading		178.198.594	173.702.587	191.225.530	166.818.517	162.671.110	180.075.840
receivables		23.833.442	32.925.484	21.661.192	28.849.186	38.660.544	24.555.868
Other receivables		45.630.599	45.053.859	44.190.787	39.763.570	32.320.692	38.782.346
Other current assets		7.472.801	7.383.542	5.562.229	7.195.204	7.197.012	5.468.012
Cash and cash equivalents	4.7	153.186.349	57.021.520	109.665.849	106.402.414	34.707.785	83.627.841
		408.321.785	316.086.991	372.305.587	349.028.890	275.557.143	332.509.907
Total assets		709.621.979	576.857.186	663.869.058	648.259.635	529.304.620	606.005.619
Equity and Liabilities
Equity attributable to the shareholders
of the parent entity	4.8
Share capital	4.8.1	181.731.746	84.864.301	169.728.602	181.731.746	84.864.301	169.728.602
Share premium reserve	4.8.1	40.777.651	7.678.828	7.547.078	40.777.651	7.678.828	7.547.078
Translation reserve		(780.432)	(510.054)	(784.804)	-	-	-
Other reserves	4.8.2	27.446.892	66.290.317	27.455.890	27.446.892	66.290.317	27.455.890
Retained earnings		169.246.153	141.898.489	151.718.043	115.091.609	102.378.902	101.028.966
		418.422.011	300.221.881	355.664.810	365.047.899	261.212.349	305.760.536
Minority interests		-	-	-	-	-	-
Total equity		418.422.011	300.221.881	355.664.810	365.047.899	261.212.349	305.760.536
Long Term liabilities Liabilities for compensation to personnel due for retirement		2.518.289	2.057.657	2.371.857	2.516.203	2.057.657	2.369.771
	4.9/4.1
Long term loan liabilities	0/4.11	154.926.414	97.377.983	180.877.597	150.952.704	91.769.915	176.781.850
Other long term liabilities		6.156	4.370	13.130	6.156	4.370	6.156
Deferred tax liabilities	4.13	4.219.333	4.213.098	3.002.983	4.222.944	4.215.864	3.005.747
Total non-current liabilities		161.670.192	103.653.108	186.265.568	157.698.007	98.047.806	182.163.525
Current liabilities Provisions		607.587	431.509	548.738	607.587	431.509	548.738
		63.909.673		66.449.052
Trade and other payables		44.023.274	70.199.641	36.726.584	64.018.480	70.255.001	66.612.633
Current tax liabilities	4.14		34.339.517		42.279.577	32.885.287	34.995.722
Short-term loan liabilities Long term loan liabilities payable in the subsequent year	4.12	- 2.771.090	- 42.775.973	- 3.047.870	- 1.592.707	- 41.942.262	- 1.655.230
Other current liabilities		18.218.151	25.235.557	15.166.436	17.015.378	24.530.406	14.269.235
Total current liabilities		129.529.776	172.982.197	121.938.680	125.513.729	170.044.465	118.081.557
Total liabilities		291.199.968	276.635.305	308.204.248	283.211.736	268.092.271	300.245.083

Total equity and liabilities		709.621.979	576.857.186	663.869.058	648.259.635	529.304.620	606.005.619

D.STATEMENT OF CHANGES IN EQUITY - GROUP

(All amounts are expressed in euros unless otherwise stated)

					E G RO TH UP
	Sh ita l are ca p	Sh are mi pre um res erv e	Tra nsl ati on re ser ve	Sta tut ory res erv e	- f Tax ree res erv es	rdi Ext rao na ry res erv es	Ot he r re ser ve s	Re tai d ne rni ea ng s	Tot al Eq uity
Re sta ted ba lan t 1s t Ju ly 200 9, a ord ing to th e I FRS ce s a s a cc	169 .72 8.6 02	7.5 47 .07 8	( 04) 78 4.8	13. 510 .89 0	1.7 97 .94 4	12. 123 .47 1	23. 585	151 .71 8.0 43	355 .66 4.8 10
Ch s in Eq uity an ge
Sh ita l in du e t rsio f b d l are ca p cre ase o c on ve n o on oa n	12. 003 .14 4								12. 00 3.1 44
of du e t rsio f b d l Inc rea se res erv es o c on ve n o on oa n		34 4.1 34 .55					( ) 12. 166		34. 54 1.9 68
fer red x d ion of bo nd lo De ta to ue co nv ers an		( 1.2 04 8) .17					3.1 68		( 0) 1.2 01 .01
Exp of th ha ita l in en ses e s re ca p cre ase		( 7) 149 .22							( 7) 149 .22
fer red tio f sh ita l in De ta xa n o are ca p cre ase ex pe nse s Div ide of e f isc nd th al 200 8-2 009 ye ar		29. 846							84 29. 6 -
Tra cti ith nsa on s w ow ne rs	12. 00 3.1 44	33. 230 .57 4	-	-	-	-	( 98) 8.9	-	45 .22 4.7 21
rof it fo r th eri od /07 /20 /9/ Ne t P 01 09 -30 200 9 e p								17. 528 .11 0	17. 528 .11 0
Ot he he nsi in r c om pre ve co me
ha e d iffe n t sla tio f fo rei tio Exc ng ren ce s o ran n o gn op era ns			4.3 72						4.3 72
Ot he he nsi in fo r th eri od r c om pre ve co me e p			4.3 72						4.3 72
Tot al reh siv e i e f the rio d co mp en nc om or pe	-	-	4.3 72	-	-		- -	17. 528 .11 0	53 2.4 82 17.
Ba lan 30 th Se be r 2 00 9 a ord ing IFR S at tem to ce as p cc	181 .73 1.7 46	40 .77 7.6 51	( 2) 780 .43	13. 510 .89 0	1.7 97 .94 4	12. 123 .47 1	14. 587	169 .24 6.1 53	418 .42 2.0 11
Re ted ba lan 1s t Ju ly 200 8 a ord ing IFR S sta at to ce as cc	84 .86 4.3 01	78 .82 8 7.6	( 8) 454 .91	9.9 13. 166	1.7 97 .94 4	54. 555 .62 2	585 23.	126 .25 1.4 47	284 .62 9.9 75
/07 /08 /09 /08 Ne t P rof it fo r th eri od 01 -30 e p								15. 647 .04 0	.04 0 15. 647
Ot he he nsi in r c om pre ve co me
Exc ha e d iffe n t sla tio f fo rei tio ng ren ce s o ran n o gn op era ns			( 55 .13 6)						( 55 .13 6)
Ot he he nsi in fo r th eri od r c om pre ve co me e p	-	-	( ) 55. 136	-	-		- -	-	( ) 55. 136
al reh siv e i e f the rio d Tot co mp en nc om or pe	-	-	( ) 55. 136	-	-		- -	15. 647 .04 0	15. 59 1.9 04
Ba lan at 30 th Se tem be r 2 00 8 a ord ing to IFR S ce as p cc	84 .86 4.3 01	7.6 78 .82 8	( 4) 510 .05	9.9 13. 166	1.7 97 .94 4	54. 555 .62 2	23. 585	141 .89 8.4 89	300 .22 1.8 81

					TH E G RO UP
	Sh ita l are ca p	Sh are mi pre um res erv e	Tra nsl ati on re ser ve	Sta tut ory res erv e	Tax - f ree res erv es	Ext rdi rao na ry res erv es	Ot he r re ser ve s	Re tai d ne rni ea ng s	Tot al Eq uity
ted ba lan t Ju ly ord ing th FRS Re sta t 1s 200 8, a to e I ce s a s a cc	84 .86 4.3 01	7.6 78 .82 8	( 8) 454 .91	9.9 13. 166	1.7 97 .94 4	54. 555 .62 2	23. 585	126 .25 1.4 47	284 .62 9.9 76
Ch in Eq uity an ge
Sh ita l in ith ita liza tio f re are ca p cre ase w ca p n o ser ve s	84 .86 4.3 01					( 84 .86 4.3 01 )			-
Sta tut ory re ser ve				3.5 97 .72 4				( 3.5 97 .72 4)	-
din Ext rao ary re ser ve						42 .43 2.1 51		( ) 42 .43 2.1 51	-
Exp of th ha ita l in en ses e s re ca p cre ase		( 9) 164 .68							( 9) 164 .68
fer x li ility iste di uity De red ta ab red tly to re g rec eq		32. 937							32. 937
Div ide nd of th e f isc al 01/ 07/ 200 7-3 0/ 06/ 200 8 ye ar								( 24 .24 6.9 43 )	( 3) 24. 246 .94
Tra cti ith nsa on s w ow ne rs	84. 864 .30 1	( 1) 131 .75	-	3.5 97. 724	-	( 0) 42. 432 .15	-	( .81 8) 70. 276	( 5) 24. 378 .69
/07 /20 /06 /20 Ne t P rof it fo r th eri od 01 08 -30 09 e p								95. 743 .41 3	95 3.4 13 .74
Ot he he nsi in r c om pre ve co me
iffe tio f fo rei tio Exc ha e d n t sla ng ren ce s o ran n o gn op era ns			( ) 32 9.8 86						( 6) 329 .88
Ot he he nsi in fo r th eri od r c om pre ve co me e p	-	-	( 6) 329 .88	-	-	-	-	-	( 6) 329 .88
Tot al reh siv e i e f the rio d co mp en nc om or pe	-	-	( 6) 329 .88	-	-	-	-	95. 743 .41 3	95 .41 3.5 27
Ba lan at 30 th J e 2 00 9 a ord ing to IFR S ce as un cc	169 .72 8.6 02	7.5 47 .07 8	( 04) 78 4.8	13. 510 .89 0	1.7 97 .94 4	12. 123 .47 1	23. 585	151 .71 8.0 43	355 .66 4.8 10

E.STATEMENT OF CHANGES IN EQUITY - COMPANY

(All amounts are expressed in euros unless otherwise stated)

TH E C OM PA NY
	Sh ita l are ca p	Sh are ium p rem res erv e	Sta tut ory res erv e	Ta fre x - e res erv es	Ext rdi rao na ry res erv es	Ot he r re se rve s	Re tai d ne rni ea ng s	To tal Eq uit y
Re sta ted ba lan t 1 st J uly 20 09 ord ing to th e I FRS ce s a s a , a cc	16 9.7 28 .60 2	7.5 47 .07 8	13 .51 0.8 90	1.7 97 .94 4	12 .12 3.4 71	23 .58 5	10 1.0 28 .96 6	30 5.7 60 .53 6
Ch e i n E uit an g q y S ha ita l inc du e t ion f b d loa re ca p rea se o c on ve rs o on n f re du e t ion f b d loa Inc rea se o se rve s o c on ve rs o on n De fer d t du e t ion f b d loa re ax o c on ve rs o on n f th ha ita l inc Exp en ses o e s re ca p rea se De fer d t at ion f s ha ita l inc re ax o re ca p rea se ex pe nse s	12 0 0 3.1 44	3 4.5 4.1 3 4 5 ( 1. 20 4.1 7 8 ) ( 149 22 ) 7 29 8 46				( 12 6 6 ) .1 3.1 6 8		12 .00 3.1 44 34 .54 1.9 68 ( ) 1.2 01 .01 0 ( ) 14 9.2 27 29 .84 6
iv ide nd f th f isc l ye 20 0 8- 20 0 9 D o e a ar Tra cti ith nsa on s w ow ne rs /0 7/2 /9 /20 Ne t P rof it f the eri od 01 00 9-3 0 09 or p Ot he reh siv e i r c om p en nc om e ha d i f fer lat ion f for ig ion Exc n t rat ng e en ce s o ran s o e n o pe s	12 .00 3.1 44	33 .23 0.5 74	-	-	-	( ) 8.9 98	- 14 .06 2.6 43	- 45 .22 4.7 21 14 .06 2.6 43 -
Ot he reh siv e i e f the eri od r c om p en nc om or p To tal reh siv e i e f the eri od co mp en nc om or p	- -	- -	- -	- -	- -	- -	- .06 2.6 43 14	- .06 2.6 43 14
Ba lan 30 th Se be r 2 00 9 a ord ing IF RS at tem to ce as p cc	18 1.7 31 .74 6	40 .77 7.6 51	13 .51 0.8 90	1.7 97 .94 4	12 .12 3.4 71	14 .58 7	11 5.0 91 .60 9	36 5.0 47 .89 9
Re sta ted ba lan at 1s t J uly 20 08 rdi to IF RS ce as ac co ng Ch e i n E uit an g q y	84 .86 4.3 01	7.6 78 .82 8	9.9 13 .16 6	1.7 97 .94 4	54 .55 5.6 21	23 .58 5	89 .42 6.5 03	24 8.2 59 .94 8
od /0 7/0 /0 9/0 Ne t P rof it f the eri 01 8-3 0 8 or p							12 .95 2.4 01	12 .95 2.4 01
To tal reh siv e i e f the eri od co mp en nc om or p	-	-	-	-	-	-	12 .95 2.4 01	12 .95 2.4 01
Ba lan at 30 th Se tem be r 2 00 8 a ord ing to IF RS ce as p cc	84 .86 4.3 01	7.6 78 .82 8	9.9 13 .16 6	1.7 97 .94 4	54 .55 5.6 21	23 .58 5	10 2.3 78 .90 4	26 1.2 12 .34 9

					TH E C OM PA NY
	Sh ita l are ca p	Sh are ium p rem res erv e	Sta tut ory res erv e	Ta fre x - e res erv es	Ext rdi rao na ry res erv es	Ot he r re se rve s	Re tai d ne rni ea ng s	To tal Eq uit y
Re ted ba lan st J uly 20 08 ord ing th e I FRS sta t 1 to ce s a s a , a cc	84 .86 4.3 01	78 .82 8 7.6	9.9 13 .16 6	97 .94 1.7 4	21 54 .55 5.6	23 .58 5	89 .42 03 6.5	24 8.2 59 .94 8
Ch e i n E uit an g q y
ita inc ith ita iza ion f re S ha l l t re ca p rea se w ca p o se rve s	8 4. 8 6 4. 3 01				( ) 8 4. 8 6 4. 3 01			-
Sta tut ory re se rve			3.5 97 .7 24				( 3.5 97 .7 24 )	-
ina Ext d rao ry res erv e					42 43 2.1 51		( ) 42 43 2.1 51	-
Exp f th ha ita l inc en ses o e s re ca p rea se		( ) 89 16 4.6						( ) 16 4.6 89
fer d t l ia b il ity iste d d ire ly ity De ct to re ax reg re eq u		32 .93 7						32 .93 7
D iv ide nd f th f isc l ye 20 07 -20 0 8 o e a ar							( 24 24 6. 9 43 )	( ) 24 .24 6.9 43
Tra cti ith nsa on s w ow ne rs	84 .86 4.3 01	( ) 13 1.7 51	3.5 97 .72 4	-	( ) 42 .43 2.1 50	-	( ) 6.8 18 70 .27	( ) 24 .37 8.6 95
rof it f the eri od /0 7/2 /0 /20 Ne t P 01 00 8-3 0 6 09 or p							81 .87 9.2 82	81 .87 82 9.2
Ot he reh siv e i r c om p en nc om e
Exc ha d i f fer n t lat ion f for ig rat ion ng e en ce s o ran s o e n o pe s								-
Ot he reh siv e i e f the eri od r c om p en nc om or p	-	-	-	-	-	-	-	-
To tal reh siv e i e f the eri od co mp en nc om or p	-	-	-	-	-	-	81 .87 9.2 82	81 .87 9.2 82
Ba lan at 30 th Ju 20 09 rdi to IF RS ce as ne ac co ng	16 9.7 28 .60 2	7.5 47 .07 8	13 .51 0.8 90	1.7 97 .94 4	12 .12 3.4 71	23 .58 5	10 1.0 28 .96 6	30 5.7 60 .53 6

F. INTERIM CASH FLOW STATEMENT

(All amounts are expressed in euros unless otherwise stated)

		THE GROUP			THE COMPANY
	Notes	30/9/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/6/2009
Cash flows from operating activities
Cash flows from operating activities	4.15	39.019.228	22.701.537	118.219.400	33.215.689	18.354.066	103.299.485
Interest paid		(975.980)	(421.625)	(5.596.584)	(965.431)	(414.423)	(5.201.600)
Income tax paid		(927.328)	(556.344)	(27.196.085)	-	-	(25.440.066)
Cash flows from operating activities		37.115.920	21.723.569	85.426.730	32.250.259	17.939.644	72.657.819
Cash flows from investing activities
Acquisition of non current assets		(13.529.252)	(15.013.102)	(47.515.800)	(9.608.143)	(12.300.170)	(34.618.285)
Sales of tangible assets		34.120	7.064	37.775	34.120	7.064	10.538
Share Capital increase of subsidiaries		-	-	-	(20.000.000)	-	(4.999.923)
Interest received		585.372	346.457	2.634.428	379.171	233.046	1.736.268
Net cash flows from investing activities		(12.909.760)	(14.659.581)	(44.843.597)	(29.194.852)	(12.060.060)	(37.871.402)
Cash flows from financing activities Income from share capital increase		46.557.277	-	-	46.557.277	-
Share capital increase expenses		(149.227)	-	(164.689)	(149.227)	-	(164.689)
Dividends paid to shareholders		-	-	(24.360.674)	-	-	(24.360.674)
Loans received		20.000.000	20.000.000	105.000.000	20.000.000	20.000.000	105.000.000
Loans paid		(46.937.905)	(401.081)	(41.263.515)	(46.545.111)	-	(40.000.000)
Payments of capital of financial leasing		(143.774)	(118.925)	(606.055)	(143.774)	(117.404)	(578.818)
Net cash flows from financing activities		19.326.371	19.479.994	38.605.067	19.719.166	19.882.596	39.895.819
Increase/(decrease) in cash and cash equivalents (net)		43.532.532	26.543.983	79.188.201	22.774.573	25.762.180	74.682.236
Cash and cash equivalents in the beginning of the period		109.665.849	30.477.648	30.477.648	83.627.841	8.945.605	8.945.605
Exchange difference on cash and cash equivalents		(12.032)	(111)	-	_	_	-
Cash and cash equivalents at the end of the period		153.186.349	57.021.520	109.665.849	106.402.414	34.707.785	83.627.841
Cash in hand		2.013.341	1.907.876	2.159.485	1.913.841	1.817.967	2.065.558
Carrying amount of band
deposits and bank overdrafts		9.306.451	6.759.246	6.768.086	6.953.591	5.562.522	5.337.768
Sight and time deposits		141.866.557	48.354.398	100.738.277	97.534.982	27.327.296	76.224.514
Cash and cash equivalents		153.186.349	57.021.520	109.665.849	106.402.414	34.707.785	83.627.841

G. SELECTED EXPLANATORY NOTES TO THE INTERIM PARENT AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 2009

1. Information of the Group

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

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

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

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

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

The company is registered in the Register of Societes Anonyme of the Ministry of Development, Department of Societes Anonyme and Credit, under No 7650/06/Β/86/04. Activity of the company is under the law 2190/1920. Interim Financial Statements of 30 September 2009 (01.07.2009-30.09.2009) have been approved by the Board of Directors on 12 November 2009.

2. Company's Activity

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

Since 19/7/1997 the Company has been listed on the Stock Exchange and since April 2005 participates in MID 40 index. Based on the stipulations of the new Regulation of the Stock Exchange, the Company fulfills the criterion enabling it to be placed under the category "of high capitalization" and according to article 339 in it, as of 28/11/2005 (date it came to force), the Company's shares are placed under this category. Additionally the Stock Exchange applying the decision made on 24/11/2005 by its Board of Directors, regarding the adoption of a model of FTSE Dow Jones Industry Classification Benchmark (ICB), as of 2/1/2006 classified the Company under the sector of financial activity Toys, which includes only the company "JUMBO".

Within its 23 years of operation, the Company has become one of the largest companies in retail sale. Today the company's network in Greece and Cyprus counts 43 stores.

The expansion of the Group in the Balkans is materialised normally. In December 2007 the first store of Jumbo began its operation in Sofia of Bulgaria while Jumbo Group continues investing dynamically in real estate aiming at the construction of new hyper-stores in the neighbouring country.

At 30 September 2009 the Group employed 3.318 individuals as staff, of which 2.737 permanent staff and 581 extra staff. The average number of staff for the period ended, 01/07/2009 - 30/09/2009, was 3.191 individuals (2.730 as permanent and 461 as extra staff).

3. Accounting Principles Summary

The enclosed financial statements of the Group and the Company with date September 30 of 2009 , for the period of July 1st 2009 to September 30rd 2009 have been compiled according to the historical cost convention, the going concern principle and they comply with International Financial Reporting Standards (IFRS) as those have been issued by the International Accounting Standards Board (IASB), and have been adopted by the European Union, as well as their interpretations issued by the Standards Interpretation Committee (I.F.R.I.C.) of IASB, and are consistent to IAS 34 "Interim Financial Information".

Interim summary financial statements do not contain all the information and notes required in annual financial statements and must be studied in addition to the financial statements of the Company and the Group of the 30th of June, 2009 which have been uploaded at the Company's website www.jumbo.gr.

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

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

Basic accounting principles adopted for the preparation of these financial statements have been also applied to the financial statements of 2008-2009 and have been applied to all the periods presented apart from the changes listed below.

3.1 Changes to Accounting Policies

Changes in the accounting principles which have been adopted are as follows :

• Adoption of IFRS 8, «Operating Segments»

The Group has adopted IFRS 8, "Operating Segments" which replaces IAS 14 'Segment reporting'. IFRS 8 has been applied retrospectively, i.e. through adjustment of accounts and presentation of items for the year 2008. Therefore the comparative items for 2008, included in the financial statements, differ from those published in the financial statements for the period ended as at 30.6.2009. The adoption of the new Standard has affected the way the Group recognizes its operating sectors for the purposes of providing information and the results of every sector are presented based on the items held and used by the Management for internal information purposes. The main changes are summarized as follows :

There have been defined 3 geographical segments, as operating segments. The profit (or loss) of each segment is based on the operating results. The profit (or loss) of operating segments does not include finance cost and finance income included in the results arising from investments in the share capital of companies as well as profit or loss from taxes or from discontinued operations.

Presentation of operating segments is provided in the note 4.1.

• Adoption of IAS 1, «Presentation of Financial Statements»

The basic changes to this Standard are summarized as separate presentation of changes in equity arising from transactions with the owners in their property as owners (ex. dividends, capital increases) and from other changes in equity (ex. adjustment reserves). Furthermore, the improved version of the Standard brings changes to terminology as well as to the presentation of financial statements.

However, the new definitions set in the Standard, do not change the regulations pertaining to recognition, measurement or disclosures of the particular transactions and other events required by the remaining Standards.

The amendment to IAS 1 is mandatory for periods starting on or after 1 January 2009, while these requirements are also applied in IAS 8 « Accounting Policies, Changes in Accounting Estimates and Errors». Changes caused by the amendment to IAS 1 shall be applied retrospectively (IAS 8.19 (b)).

• Adoption of IAS 23, «Borrowing Costs»

The revised IAS 23 removes the option of immediate recognition as an expense of borrowing costs directly attributable to the acquisition, construction or production of assets. An asset fulfilling the requirements is an asset requiring a substantial period of time to become available for use or sale. However, a company must capitalize such borrowing cost as a part of asset cost.

The revised IAS does not require capitalization of borrowing costs related to assets measured at fair value and inventories that are manufactured, or otherwise produced, in large quantities on a repetitive basis even if it necessarily takes a substantial period of time to get ready for their intended use or sale. The revised IAS is effective for borrowing costs that are related to assets which fulfill the conditions and is effective on or after 1st January 2009. As a result of this revision the alternative treatment of recognising borrowing cost as an expense has been eliminated. This change in the accounting policy of recognising these expenses will primarily impact the time of recognition of the expense as well as the presentation way of this expense (financing expense instead of depreciation). During the period, there were no assets that would fulfil the above criteria and accordingly no capitalisation took place .

• Adoption of IFRS 3, «Business Combinations»

The revised IFRS 3 will be applied obligatorily for business combinations for which the effective date is on or after the first annual reporting period of Financial Statements that begin from or after 01/07/2009. Furthermore, this standard introduce the following requirements:

to remeasure interests when control is lost
The change in recognition regarding contingent liabilities. According to the previous policy of this IFRS contingent liabilities were only recognized at the date of the purchase if the criteria were fulfilled such as the reliable measurement and the probability that a contingent liability will be realized. According to the revised IFRS, during the purchase of companies the recognition of contingent liabilities should be taken into consideration. As the fair value of the contingent liabilities is been determined, future adjustments in the goodwill are being made only to the extent that they concern the fair value at the acquisition date and are taking place during the measurement period (up to a year from the purchase date). According to the previous policy of the IFRS the adjustments regarding contingent liabilities were at the value of goodwill. Where the combination of entities is taken place through an existing relationship between the Group and the bought off company, the recognition of profit or loss is required, measured in the fair value of these non- contractual relations.
Acquisition-related costs will generally be accounted for separately from the business combination and will often affect the income statement. Previously, these costs were part of the repurchase cost.

The revised IFRS 3 requires additional disclosures as far as business combinations is concerned.

In this period, there has been no business combination for which the acquisition date is on or after 01/07/2009.

• Adoption of IAS 27 «Consolidated and Separate Financial Statements»

The adoption of the revised standard IAS 27 is mandatory for annual periods starting on or after 01/07/2009.

The revised IAS 27 brings about change as regards to accounting treatment of increase or decrease in participation cost in subsidiaries.

In the prior periods, due to absence of particular requirements of the Standards, increases in investments in subsidiaries had the same accounting treatment as acquisition of subsidiaries with recognition of goodwill wherever necessary. The effect of a decrease in such an investment which didn't result in loss of control, was recognized in the income statement of the period when incurred. According to the revised IAS 27, all increases and decreases in investments in subsidiaries are recognized directly in equity through no effect on goodwill or the income statement of the period.

If a Group loses control of a subsidiary, it derecognizes the assets (including any goodwill) and liabilities of the subsidiary at their carrying amounts at the date when control is lost. It recognizes any investment retained in the former subsidiary at its fair value at the date when control is lost. It recognizes any resulting difference as a gain or loss in profit or loss attributable to it.

There has been no increase or decrease in investments in subsidiaries during the period.

• Adoption of IAS 28 «Accounting for Investments in Associates»

Due to the revision of IAS 27 (see above) there have been made amendments to IAS 28 concerning loss of control in a subsidiary and fair value measurement of an investment held by the Group in a former subsidiary.

During the current period no such events took place.

• Annual Improvements 2008

Within 2008, IASB proceeded to the issue of "Annual Improvements to International Financial Reporting Standards ". Most of these amendments become effective on or after 1 January 2009. The Management of the Company estimates that the impact on Group's financial statements will not be significant.

3.2 New standards, amendments to published standards and interpretations

IFRS 2 Share based payment: "vesting conditions and cancellations" –Amendment

The amendment clarifies two issues: The definition of 'vesting condition', introducing the term 'nonvesting condition' for conditions other than service conditions and performance conditions. It also clarifies that the same accounting treatment applies to awards that are effectively cancelled by either the entity or the counterparty. The amended IFRS 2 becomes effective for financial years beginning on or after January 2009. The Management of the Company estimates that the impact of the amendment of IFRS 2 on Group's accounting policies will not be significant since there are no share based payment programmes.

IAS 32 and IAS 1, «Puttable Financial Instruments»

The amendment to IAS 32 requires certain puttable financial instruments and obligations arising on liquidation to be classified as equity if certain criteria are met. The amendment to IAS 1 requires disclosure of certain information relating to puttable instruments classified as equity. The amendment to IAS 32 becomes effective for financial years beginning on or after January 2009. The Group does not expect these amendments to impact the financial statements of the Group.

IAS 39 Financial Instruments: Recognition and Measurement: Eligible Hedged items (amendment July 2008)

The amendment clarifies that an entity is permitted to designate a portion of the fair value changes or cash flow variability of a financial instrument as a hedged item. An entity can designate the changes in fair value or cash flows related to a one-sided risk as the hedged item in an effective hedge relationship. The Group does not expect this amendment to have an impact on its financial statements. The

amendment to IAS 39 becomes effective for annual periods beginning on or after 1st July 2009. The Group had no such instruments up to the date of presentation of the specific statements.

Amendment of IAS 39 & IFRS 7: Reclassification of Financial Assets

The amendment permits an entity to reclassify non-derivative financial assets from the category of investments for sale, as well as the reclassification of financial elements from the category available for sale in the loans and receivables. The amendment of IFRS 7 requires additional information in the financial statements of the entities that apply the referred amendments of IAS 39.The amendment to IAS 39 and IFRS 7 becomes effective for annual periods beginning on or after 1st July 2008. The Group had no such instruments up to the date of presentation of the specific statements.

IFRIC 15 Agreements for the Construction of Real Estate

This Interpretation was issued on 3 July, 2008 and is effective for annual periods beginning on or after 1 January 2009 and must be applied retrospectively. IFRIC 15 provides guidance on how to determine whether an agreement for the construction of real estate is within the scope of IAS 11 'Construction Contracts' or IAS 18 'Revenue' and, accordingly, when revenue from such construction should be recognized. This interpretation has no impact on the Group.

IFRIC 16 Hedges of a Net Investment in a Foreign Operation

The International Financial Reporting Interpretations Committee (IFRIC) issued the Interpretation, IFRIC 16 "Hedges of a Net Investment in a Foreign Operation". The Interpretation clarifies some issues on accounting for the hedge of a net investment in a foreign operation (such as subsidiary companies and their related enterprises operating in a different functional currency from the currency of the reporting company. Main issues being clarified are:

The type of risk that can describe that form of hedge accounting and
where within the group the hedging instrument can be held.

IFRIC 16 is effective for annual periods beginning on or after 1 October 2009. Earlier application is permitted. This interpretation has no effect on the Group's Financial Statements. The Group has no intention applying any of the Standards or the Interpretations sooner.

IFRIC 17 Distributions of Non-cash Assets to Owners

Whenever an entity makes the statement of distribution and has the obligation to distribute elements of assets concerning its owners, an obligation should be recognized for these payable dividends.

The scope of IFRIC 17 is to provide guidance on when an entity should recognize dividends payable, how it should measure them and how the entity should account the difference between the dividend paid and the carrying amount of the net assets distributed when dividends are paid.

IFRIC 17 "Distributions of Non-cash Assets to Owners" will be applied by entities for annual periods that begin on or after the 01/07/2009. Earlier application is permitted as long as the entity notifies that in the Explanatory Notes of the financial statements and applies IFRIC 3 (as it was revised in 2008), IFRS 27 (revised in May 2008) and IFRIC 5 (revised by the afore-mentioned Amendment). Retrospective application in not allowed.

IFRIC 18 Transfers of Assets from Customers

IFRIC 18 is particularly relevant for the utility sector. The IFRIC is applied mainly in the enterprises or organisms of common utility. The aim of IFRIC 18 is to clarify the requirements of International Financial Reporting Standards (IFRSs) for agreements in which an entity receives from a customer an item of property, plant and equipment that the entity must then use either to connect the customer to a network or to provide the customer with ongoing access to a supply of goods or services (such as a supply of electricity, gas or water).

IFRIC 18 requires entities to apply the Interpretation prospectively to transfers of assets from customers received on or after 1 July 2009. This IFRIC has no application to the Group.

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

3.3 Structure of the Group and consolidation

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

Parent Company:

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

Subsidiary companies:

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

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

3. The subsidiary company in Romania with name «JUMBO EC.R. S.R.L.» was founded on the 9th of August 2006 as a Company of Limited Responsibility (srl) with Registration Number J40/12864/2006 of the Trade Register, with foundation in Bucharest (Intr.Vasile Paun number 1,3rd floor, administrative area 5 apartment 3, in Bucharest). Parent company owns 100% of its shares and its voting rights.

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

5. WESTLOOK Ltd is a subsidiary of ASPETTO Ltd which holds a 100% stake of its share capital. The company has founded in Bucharest, Romania (Bucharest, District No 4, 90-92 Calea Serban Voda, 4th Floor) at 16/10/2006.

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

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

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

4. Notes to the Financial Statements

4.1 Segment Reporting

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

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

The Group based on IAS 14 was presenting the business segment, to the latest reported financial statements, as primary segment for information purposes and specifically the distinction between the wholesale and retail. As secondary segment was designated Geographical segment. The adoption of the new Standard has affected the way the Group recognizes its operating sectors and specifically the recognition of the three geographical segments as operating segments.

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

			01/07/2009-30/09/2009
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Sales	110.530.601	9.579.900	2.819.513	-	122.930.013
Intragroup Sales	6.048.101	140.890	213.825	-	6.402.815
Total net sales	104.482.500	9.439.010	2.605.688	-	116.527.198
Cost of goods sold	53.739.928	4.876.727	1.274.032	-	59.890.687
Gross Profit	50.742.572	4.562.283	1.331.656	-	56.636.511
Other income				457.345	457.345
Distribution costs	(480.181)	-	-	(4.128.400)	(4.608.581)
Administrative expenses	(26.225.886)	(1.157.687)	(401.950)	(58.370)	(27.843.893)
Other expenses				(759.427)	(759.427)
Profit before tax, interest and investment results	24.036.505	3.404.596	929.706	(4.488.851)	23.881.955
Financial expenses				(2.017.795)	(2.017.795)
Financial income				711.036	711.036
Profit before tax	24.036.505	3.404.596	929.706	(5.795.610)	22.575.197
Income tax				(5.047.087)	(5.047.087)
Net profit	24.036.505	3.404.596	929.706	(10.842.697)	17.528.110
Depreciation and amortazation	(2.483.736)	(210.683)	(115.194)	(196.717)	(3.006.330)

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

			01/07/2008-30/09/2008
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Sales	103.574.574	7.878.558	2.503.097	-	113.956.231
Intragroup Sales	6.148.047	39.720	222.451	-	6.410.218
Total net sales	97.426.527	7.838.838	2.280.646	-	107.546.012
Cost of goods sold	49.687.804	4.067.234	1.096.952	-	54.851.990
Gross Profit	47.738.723	3.771.604	1.183.694	-	52.694.022
Other income				382.256	382.256
Distribution costs	(485.710)			(3.720.193)	(4.205.903)
Administrative expenses	(24.779.822)	(815.842)	(479.224)	(66.614)	(26.141.502)
Other expenses				(665.958)	(665.958)
Profit before tax, interest and investment results	22.473.192	2.955.762	704.470	(4.070.509)	22.062.915
Financial expenses				(2.087.768)	(2.087.768)
Financial income				371.420	371.420
Profit before tax	22.473.192	2.955.762	704.470	(5.786.857)	20.346.566
Income tax				(4.699.527)	(4.699.527)
Net profit	22.473.192	2.955.762	704.470	(10.486.384)	15.647.040
Depreciation and amortazation	(2.158.345)	(183.296)	(107.974)	(168.156)	(2.617.771)

Results per segment for the financial year 01/07/2008- 30/06/2009 are as follows:

	01/07/2008-30/06/2009
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Sales	444.140.428	37.576.115	12.376.867	-	494.093.411
Intragroup Sales	24.608.438	936.887	739.630	-	26.284.955
Total net sales	419.531.990	36.639.228	11.637.237	-	467.808.456
Cost of goods sold	189.793.381	18.252.899	5.491.297	-	213.537.578
Gross Profit	229.738.609	18.386.329	6.145.940	-	254.270.878
Other income				2.884.891	2.884.891
Distribution costs	(1.211.483)			(14.725.977)	(15.937.459)
Administrative expenses	(101.965.865)	(4.674.593)	(1.831.985)	(236.012)	(108.708.455)
Other expenses				(4.330.873)	(4.330.873)
Profit before tax, interest and investment results	126.561.261	13.711.736	4.313.955	(16.407.971)	128.178.982
Financial expenses				(7.718.913)	(7.718.913)
Financial income				2.816.770	2.816.770
Profit before tax	126.561.261	13.711.736	4.313.955	(21.310.113)	123.276.839
Income tax				(27.533.426)	(27.533.426)
Net profit	126.561.261	13.711.736	4.313.955	(48.843.539)	95.743.413
Depreciation and amortazation	(9.403.366)	(849.286)	(446.901)	(719.292)	(11.418.846)

The allocation of consolidated assets and liabilities to business segments for the period 01/07/2009 - 30/09/2009, 01/07/2008-30/09/2008 and 01/07/2008 - 30/6/2009 is broken down as follows:

			30/09/2009
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Segment assets	391.588.295	33.798.047	38.101.157	-	463.487.498
Non allocated Assets	-	-	-	246.134.481	246.134.481
Consolidated Assets	391.588.295	33.798.047	38.101.157	246.134.481	709.621.979
Sector liabilities	236.348.345	5.996.763	540.344	-	242.885.453

Non allocated Liabilities items	-	-	-	48.314.515	48.314.515
Consolidated liabilities	236.348.345	5.996.763	540.344	48.314.515	291.199.968

			30/09/2008
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Segment assets	367.303.130	33.523.179	17.572.426	-	418.398.736
Non allocated Assets	-	-	-	158.458.450	158.458.450
Consolidated Assets	367.303.130	33.523.179	17.572.426	158.458.450	576.857.186

Sector liabilities	230.724.579	7.143.738	211.185	-	238.079.502
Non allocated Liabilities items	-	-	-	38.555.803	38.555.803
Consolidated liabilities	230.724.579	7.143.738	211.185	38.555.803	276.635.305

			30/06/2009
(amounts in €)	Greece	Cyprus	Bulgaria	Other	Total
Segment assets	398.863.494	33.848.669	33.813.249	-	466.525.412
Non allocated Assets	-	-	-	197.343.646	197.343.647
Consolidated Assets	398.863.494	33.848.669	33.813.249	197.343.646	663.869.058

Sector liabilities	261.883.790	6.223.314	356.138	-	268.463.242
Non allocated Liabilities items	-	-	-	39.741.006	39.741.006
Consolidated liabilities	261.883.790	6.223.314	356.138	39.741.006	308.204.248

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

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

Product Type	Sales in €	Presentange
Toy	30.135.676	25,86%
Baby products	18.222.607	15,64%
Stationary	16.592.218	14,24%
Seasonal	25.875.558	22,21%
Home products	25.681.094	22,04%
Other	20.045	0,02%
Total	116.527.198	100,00%

Sales per product type for the period 01/07/2009-30/09/2009

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 01/07/2008-30/09/2008
Product Type	Sales in €	Presentange
Toy	28.975.152	26,94%
Baby products	17.651.962	16,41%
Stationary	16.512.380	15,35%
Seasonal	23.818.813	22,15%
Home products	20.563.178	19,12%
Other	24.527	0,02%
Total	107.546.012	100,00%

4.2 Income tax

According to Greek taxation laws, income tax for the period 1/7/2008-30/06/2009 was calculated at the rate of 25% on profits of the parent company and 10%, on average, on profits of the subsidiary JUMBO TRADING LTD in Cyprus, JUMBO EC.B. in Bulgaria and ASPETTO LTD in Cyprus and 16% on profits of the subsidiaries JUMBO EC.R SRL and WESTLOOK SRL in Romania.

Provision for income taxes disclosed in the financial statements is broken down as follows:

		THE GROUP				THE COMPANY
(amounts in €)	30/9/2009	30/9/2008	30/6/2009	30/9/2009		30/9/2008	30/6/2009
Income taxes for the period	4.942.206	4.573.821	28.467.668		4.546.637	4.266.657	26.803.780
Adjustments of deferred taxes due to change in tax rate Deferred income tax for the period	- 46.032	- 69.699	(622.884) (484.594)		- 46.032	- 69.699	(622.884) (484.596)
Provisions for contingent tax liabilities from years uninspected by the tax authorities Total	58.849 5.047.087	56.007 4.699.527	173.236 27.533.426		58.849 4.651.518	56.007 4.392.363	173.236 25.869.536

4.3 Earnings per share

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

		THE GROUP			THE COMPANY
Basic earnings per share	30/9/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/6/2009
(euro per share) Earnings attributable to the shareholders of the parent company	17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282
Weighted average number of shares	123.284.942	121.234.716	121.234.716	123.284.942	121.234.716	121.234.716
Basic earnings per share (euro per share)	0,1422	0,1291	0,7897	0,1141	0,1068	0,6754
		THE GROUP			THE COMPANY
Diluted earnings per share	30/9/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/06/2009
(euro per share) Earnings attributable to the
shareholders of the parent company	17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282
Interest expense for convertible bond (after taxes) Diluted earnings attributable to the shareholders of the	15.006	462.951	2.076.832	15.006	462.951	2.076.832

Number of shares	30/09/2009	30/09/2008	30/06/2009	30/09/2009	30/09/2008	30/06/2009
Weighted average number of common shares which are used for the calculation of the basic earnings per share	123.284.942	121.234.716	121.234.716	123.284.942	121.234.716	121.234.716
Dilution effect:
– Convertion of bond shares	340.592	8.914.317	8.914.317	340.592	8.914.317	8.914.317
Weighted average number of shares which are used for the calculation of the diluted earnings per share	123.625.534	130.149.033	130.149.033	123.625.534	130.149.033	130.149.033
Diluted earnings per share
(€/share)	0,1419	0,1238	0,7516	0,1139	0,1031	0,6451

On 08.09.2009, there were submitted by beneficiary bond-holders of the Covertible Bond Loan which was issued at 8/9/2006, 117 applications to exercise the right of conversion of a total 4.081.093 of bonds that will be converted into 8.573.674 new common nominal shares of the company with voting right and nominal value of € 1.40 each. The new common nominal shares have been taken into account for the calculation of the weighted average number of shares of the Group.

Until the reporting date of the financial statements, 162.122 bonds had not been converted. These bonds have been taken into account for the calculation of the diluted earnings per share.

4.4 Property plant and equipment

a. Information on property plant and equipment

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

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

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

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

b. Depreciation

Depreciation of tangible assets (other than land which is not depreciated) 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 – 7 years
Other equipment	4 - 10 years
Computers and software	3 – 5 years

c. Purchase of Tangible Assets

The pure investments for the purchase of assets for the company for the period 01/7/09-30/09/09 reached the amount of € 8.433 thousand and for the Group €12.769 thousand.

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

						TH E G RO UP
	Lan d - Fre eho ld	Bui ldin and fix tur gs es bui ldin - Fr eeh old on gs	Tra ort atio nsp n me ans	Ma chi y - fun ner itur nd oth er equ e a ipm ent	Sof twa re	Fix ed ets der ass un ctio stru con n	Tot al	Lea seh nd bui old lan d a ldin gs	Lea of tra sed me ans atio ort nsp n	Tot d fixe al o f le hol ase d a ts sse	Tot al P ert y P lan d rop and Eq uip nt me
Cos t 30 /06 /20 08	76. 995 .25 1	141 .693 .06 1	506 .20 1	44. 832 .908	1.7 33.0 26	14. 946 .155	280 .70 6.6 02	6.2 27.2 63	2.4 23.7 49	8.6 51. 012	289 .35 7.6 15
Acc late d d ecia tion umu epr	0	(22 .823 .119 )	(40 8) 1.17	(25 .898 ) .675	(1.5 76.0 80)	0	(50 6.2 76) .47	(65 6.35 9)	(83 0.3 12)	(1.4 86. 670 )	(51 .96 2.9 47)
/06 /20 Net Co st a t 30 08 s a	76. 995 .25	1 118 .86 9.9 42	105 .02 4	19. 157 .01 0	156 .94 6	14. 946 .15 5	230 .23 0.3 27	5.5 70. 904	1.5 93. 438	7.1 64. 341	237 .39 4.6 68
Cos /06 /20 t 30 09 Acc late d d ecia tion umu epr	0,0 0 0,0 0 96. 315 .363 0	0,0 0 0,0 0 .846 177 .377 (28 2) .765 .09	0,0 0 0,0 0 .98 543 1 (48 0) 5.09	0,0 0 0,0 0 52. 049 .229 (29 ) .985 .000	0,0 0 0,0 0 1.8 46.3 03 (1.6 20) 56.4	0,0 0 0,0 0 85. 5.0 219 0	0,0 0 -0, 60 .68 333 6.4 72 (60 01) .89 1.6	0,0 0 0,0 0 6.2 27.2 63 (77 54) 0.4	0,0 0 0,0 0 3.0 91.4 59 (1.1 74) 48.5	0,0 0 1,0 4 18. 9.3 723 (1.9 ) 19. 027	0,0 0 -0, 16 343 .00 5.1 94 (62 29) .81 0.6
Net Co t 30 /06 /20 09 st a s a	96. 315 .36	3 149 .08 1.2 85	58. 891	22. 064 .22 9	189 .88 3	5.0 85. 219	272 .79 4.8 71	5.4 56. 810	1.9 42. 886	7.3 99. 695	280 .19 4.5 66
/09 /20 Cos t 30 09 Acc late d d ecia tion umu epr	0,0 0 0,0 0 98. 636 .679 0	0,0 0 0,0 0 180 .813 .549 (30 2) .389 .60	0,0 0 0,0 0 543 .98 1 (49 2) 1.26	0,0 0 0,0 0 52. 694 .755 (31 ) .106 .777	0,0 0 0,0 0 1.8 55.3 93 (1.6 ) 81. 205	0,0 0 0,0 0 11. 868 .69 1 0	0,0 0 0,0 0 346 .41 3.0 48 (63 46) .66 8.8	0,0 0 0,0 0 6.2 27.2 63 (79 7) 8.97	0,0 0 0,0 0 3.0 91.4 59 (1.2 22) 40.0	0,0 0 0,0 0 9.3 18. 723 (2.0 ) 39. 000	0,0 0 0,0 0 355 .73 1.7 71 (65 46) .70 7.8
Net Co /09 /20 st a t 30 09 s a	98. 636 .67	9 150 .42 3.9 47	52. 720	587 8 21. .97	.18 8 174	868 11. .69 1	282 .74 4.2 02	28. 286 5.4	1.8 51. 437	7.2 79. 722	290 .02 3.9 24

						CO THE MPA NY
	Lan d - Fre eho ld	Buil ding d fi xtu s an res buil ding Fre eho ld on s -	atio Tra ort nsp n mea ns	Mac hine fun itur e and ry - oth er equ ipm ent	Sof twa re	Fixe d a nde ts u r con sse ctio stru n	Tot al	seh old land Lea and bu ildin gs	of tra sed Lea me ans atio ort nsp n	al o f le hold Tot ase fixe d a ts sse	Tot al P ert y Plan rop nd Equ d a ipm ent
Cos /06/ t 30 200 8	59.5 45.2 23	115 .606 .006	395 .275	40.9 72.8 31	1.12 5.88 7	13.9 49.2 75	231 .59 4.4 97	6.22 7.26 3	2.39 8.76 9	8.6 26.0 32	240 .220 .52 9
Acc late d de iatio umu prec n	0	(20 ) .171 .572	(29 4) 5.15	(23 ) .737 .980	(98 7) 6.33	0	(45 43) .19 1.0	(656 ) .359	(81 3) 5.32	(1.4 ) 71. 683	(46 25) .66 2.7
/06 /20 Net Co st a s at 30 08	59. 545 .22 3	95. 434 .43 4	100 .12 1	17. 234 .85 1	139 .55 1	13. 949 .27 5	186 .40 3.4 54	5.5 70. 904	1.5 83. 446	7.1 54. 349	193 .55 7.8 03
Cos t 30 /06/ 200 9 Acc late d de iatio umu prec n	0,0 0 0,0 0 64.3 97.6 76 0	0,0 0 0,0 0 147 .723 .915 (25 ) .186 .769	0,0 0 0,0 0 395 .275 (35 1) 1.62	0,0 0 0,0 0 47.9 36.1 32 (27 ) .644 .719	0,0 0 0,0 0 1.23 7.08 3 (1.0 70) 57.6	0,0 0 0,0 0 4.30 2.69 4 0	I 265 .99 2.7 75 (54 ) .240 .780	0,0 0 0,0 0 6.22 7.26 3 (770 ) .454	0,0 0 0,0 0 3.09 1.45 9 (1.1 73) 48.5	I 9.3 18. 722 (1.9 27) 19.0	0,5 0 0,0 0 275 .31 1.4 97 (56 07) .15 9.8
Net Co 30 /06 /20 09 st a s at	64. 397 .67 6	122 .53 7.1 46	43. 654	20. 291 .41 4	179 .41 2	4.3 02. 694	211 .75 1.9 95	5.4 56. 810	1.9 42. 886	7.3 99. 695	219 .15 1.6 90
/09/ Cos t 30 200 9 Acc late d de iatio umu prec n	0,0 0 0,0 0 66.7 14.5 67 0	0,0 0 -1,0 0 150 .664 .603 (26 ) .576 .732	0,0 0 0,0 0 395 .275 (35 3) 5.90	0,0 0 0,0 0 48.5 61.3 76 (28 ) .665 .666	0,0 0 0,0 0 1.24 6.03 3 (1.0 80.9 65)	0,0 0 0,0 0 6.79 7.04 8 0	I 274 .37 8.90 3 (56 67) .67 9.2	0,0 0 0,0 0 6.22 7.26 3 (798 ) .977	0,0 0 0,0 0 3.09 1.45 9 (1.2 21) 40.0	I 9.3 18. 722 (2.0 00) 39.0	0,0 0 -2,0 0 283 .69 7.6 25 (58 8.2 66) .71
Net Co st a s at 30 /09 /20 09	66. 714 .56 7	124 .08 7.8 71	39. 372	19. 895 .710	165 .06 8	6.7 97.0 48	217 .69 9.6 37	5.4 28. 286	1.8 51. 437	7.2 79. 721	224 .97 9.3 59

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

						THE GR OUP
	Lan d - Fre eho ld	Buil ding d fi xtu s an res buil ding Free hold on s -	Tra atio ort nsp n mea ns	Mac hine ry - fun itur nd oth e a er ipm ent equ	Sof twa re	Fixe d a nde ts u sse r stru ctio con n	Tot al	Lea seh old land d an buil ding s	Lea sed of me ans tra ort atio nsp n	Tot al o f le hold ase fixe d a ts sse	Tot al P ert rop y Plan d a nd Equ ipm ent
Cos t
0/6 /20 Bala at 3 08 nce as	76. 995 .25 1	141 .69 3.0 61	506 .20 1	44. 832 .90 8	1.7 33.0 26	14. 946 .15 5	280 .70 6.6 02	6.2 27. 263	2.4 23. 749	8.6 51. 012	289 .35 7.6 15
	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0
- Ad ditio ns	19.6 53.9 05	36.2 42.1 82	84.3 81	7.3 39.7 35	121 .005	29.3 75.9 76	92. 817 .18 3	0	692 .690	692 .690	93. 509 .87 3
- De - tra nsfe crea ses rs	0	(88 ) .866	(46 ) .601	(12 3) 3.41	(7.7 27)	(39 ) .236 .913	(39 21) .50 3.5	0	(24 ) .980	(24 ) .980	(39 01) .52 8.5
cha diff - Ex nge eren ces	(33 3) 3.79	0	0	0	0	0	(33 93) 3.7	0	0	0	(33 93) 3.7
Bala at 3 0/6 /20 09 nce as	96. 315 .36 3 0,0 0	177 .84 6.3 77 0,0 0	543 .98 1 0,0 0	52. 049 .22 9 0,0 0	1.8 46. 303 0,0 0	5.0 85. 219 0,0 0	333 .68 6.4 72 0,0 0	6.2 27. 263 0,0 0	3.0 91. 459 0,0 0	9.3 18. 723 0,0 0	343 .00 5.1 94 0,0 0
	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0
- Ad ditio ns - De nsfe - tra crea ses rs	2.3 16.8 91 0	2.96 7.17 2 0	0 0	692 .759 (47 .233 )	9.09 0 0	6.78 3.47 3 (1)	12. 769 .38 5 (47 .23 4)	0 0	0 0	0 0	12. 769 .38 5 (47 .23 4)
- Ex cha diff nge eren ces	4.42 5	0	0	0	0	0	4.4 25	0	0	0	4.4 25
/09 /20 Net Co st a s at 30 09	98. 636 .67 9	180 .81 3.5 49	543 .98 1	52. 694 .75 5	1.8 55. 393	11. 868 .69 1	346 .41 3.0 48	6.2 27. 263	3.0 91. 459	9.3 18. 723	355 .73 1.77 1
Dep iati rec on
Bala 0/6 /20 at 3 08 nce as	0	(22 19) .82 3.1	(40 78) 1.1	(25 98) .67 5.8	(1.5 ) 76. 080	0	(50 76) .47 6.2	(65 59) 6.3	(83 12) 0.3	(1.4 ) 86. 670	(51 47) .96 2.9
	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	-0,6 0	0,0 0	0,0 0	1,0 4	-0, 16
- Ad ditio ns	0	(6.0 63) 02.2	(70 ) .626	(4.4 66) 17.0	(88 ) .067	0	(10 23) .57 8.0	(114 ) .095	(33 0) 3.25	(44 45) 7.3	(11 68) .02 5.3
- De - tra nsfe crea ses rs	0	60. 290	(13 ) .286	107 .964	7.72 7	0	162 .69 6	0	14.9 88	14. 988	177 .68 4
- Ex cha diff nge eren ces	0	0	0	0	0	0	0	0	0	0	0
Bala at 3 0/0 6/2 009 nce as	0 0,0 0	(28 92) .76 5.0 0,0 0	(48 90) 5.0 0,0 0	(29 0) .98 5.00 0,0 0	(1.6 ) 56. 420 0,0 0	0 0,0 0	(60 1) .89 1.60 0,0 0	(77 54) 0.4 0,0 0	(1. 4) 148 .57 0,0 0	(1.9 27) 19.0 0,0 0	(62 9) .810 .62 0,0 0
- Ad ditio ns	0,0 0 0,0 0 0	0,0 0 0,0 0 (1.6 10) 24.5	0,0 0 0,0 0 (6.1 72)	0,0 0 0,0 0 (1.1 71) 33.4	0,0 0 0,0 0 (24 ) .785	0,0 0 0,0 0 0	0,0 0 0,0 0 (2.7 ) 88. 939	0,0 0 0,0 0 (28. ) 524	0,0 0 0,0 0 (91 ) .449	0,0 0 0,0 0 (11 72) 9.9	0,0 0 0,0 0 (2.9 ) 08. 911
- De nsfe - tra crea ses rs	0	0	0	11.6 94	0	0	11. 694	0	0	0	11. 694
- Ex cha diff nge eren ces	0	0	0	0	0	0	0	0	0	0	0
Co /09 /20 Net st a s at 30 09	0	(30 02) .38 9.6	(49 62) 1.2	(31 77) .10 6.7	(1.6 ) 81. 205	0	(63 46) .66 8.8	(79 77) 8.9	(1.2 ) 40. 022	(2.0 00) 39.0	(65 46) .70 7.8

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

						THE CO MPA NY
	Lan d - Free hold	Buil ding d fi xtu s an res buil ding Free hold on s -	Tra ort atio nsp n mea ns	Mac hine fun itur e and ry - oth er equ ipm ent	Sof twa re	Fixe d a ts u nde r con sse ctio stru n	Tot al	Lea seh old land and bu ildin gs	Lea of tra sed me ans atio ort nsp n	Tot al o f le hold ase fixe d a ts sse	Tot al P erty rop Plan nd Equ d a ipm ent
Cos t
0/6 /20 Bala at 3 08 nce as	59. 545 .22 3	115 .60 6.00 6	395 .27 5	40. 972 .83 1	1.1 25.8 87	13. 949 .27 5	231 .59 4.4 97	6.2 27. 263	2.3 98. 769	8.6 26.0 32	240 .220 .529
	0,0 0	0,0 0	0,0 0	0,0 0	0,0	0 0,0 0	0,0 0	0,0 0	0,0 0	0,0 0	0,0 0
- Ad ditio ns	4.85 2.45 4	32.2 06.7 75	0	7.08 6.71 5	118 .923	24.5 78.6 92	68. 843 .55 8	0	692 .690	692 .690	69. 536 .24 8
- De nsfe - tra crea ses rs	0	(88 .866 )	0	(12 3.41 3)	(7.7 27)	(34 .225 .273 )	(34 5.2 80) .44	0	0	0	(34 5.2 80) .44
- Ex cha diff nge eren ces	0	0	0	0		0 0	0	0	0	0
Bala at 3 0/6 /20 09 nce as	64. 397 .67 6 0,0 0 0,0 0	147 .72 3.9 15 0,0 0 0,0 0	395 .27 5 0,0 0 0,0 0	47. 936 .13 2 0,0 0 0,0 0	1.2 37.0 83 0,0 0,0	4.3 02. 694 0 0,0 0 0 0,0 0	265 .99 2.7 75 0,0 0 0,0 0	6.2 27. 263 0,0 0	3.0 91. 459 0,0 0 0,0 0	9.3 18.7 22 0,0 0	275 .31 1.49 7 -0,0 5
- Ad ditio ns	2.31 6.89 1	2.94 0.68 8	0	672 .477	8.95	0 2.49 4.35 4	8.4 33. 360	0	0	0	8.4 33. 360
- De - tra nsfe crea ses rs	0	0	0	(47 ) .233		0 0	(47 3) .23	0	0	0	(47 3) .23
- Ex cha diff nge eren ces /09 /20 Net Co st a s at 30 09	0 66. 714 .56 7	0 150 .66 4.60 3	0 395 .27 5	0 48. 561 .37 6	1.2 46.0 33	0 0 6.7 97.0 48	0 274 .37 8.90 3	0 6.2 27. 263	0 3.0 91. 459	0 9.3 18.7 22	283 .69 7.62 5
	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0	0,0 0 0,0 0	0,0 0,0	0 0,0 0 0 0,0 0	0,0 0 0,0 0	0,0 0	0,0 0		0,0 0
Dep iatio rec n
Bala at 3 0/6 /20 08 nce as	0 0,0 0	(20 2) .17 1.57 0,0 0	(29 54) 5.1 0,0 0	(23 80) .73 7.9 0,0 0	(98 37) 6.3 0,0	0 0 0,0 0	(45 3) .19 1.04 0,0 0	(65 59) 6.3 0,0 0	(81 23) 5.3 0,0 0	(1.4 ) 71. 683 0,0 0	(46 25) .66 2.7 0,0 0

- Ad ditio ns	0	(5.0 86) 75.4	(56 ) .467	(4.0 03) 14.7	(79 .061	) 0	(9.2 ) 25. 718	(114 ) .095	(33 0) 3.25	(44 45) 7.3	(9.6 63) 73.0
- De - tra nsfe crea ses rs - Ex cha diff eren ces	0 0	60.2 90 0	0 0	107 .964 0	7.72	7 0 0 0	175 .98 2 0	0 0	0 0	0 0	175 .98 2
nge 0/0 6/2 Bala at 3 009 nce as	0	(25 69) .18 6.7	(35 21) 1.6	(27 19) .64 4.7	(1.0 57. 670	) 0	(54 ) .240 .780	(77 54) 0.4	(1.1 ) 48. 573	(1.9 27) 19.0	(56 7) .15 9.80
	0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0,0	0 0,0 0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0	0,0 0 0,0 0
- Ad ditio ns	0	-1,0 0 (1.3 62) 89.9	(4.2 82)	(1.0 41) 32.6	(23 .294	0,0 0 ) 0	-1,0 0 (2.4 ) 50. 180	0,0 0 (28. 524)	0,0 0 (91 ) .449	0,0 0 (11 72) 9.9	0,0 0 (2.5 ) 70. 152
nsfe - De - tra crea ses rs	0	0	0	11.6 94		0 0	11.6 94	0	0	0	11. 694
- Ex cha diff nge eren ces Net Co 30 /09 /20 09	0 0	0	0 5.90	0	80. 965	0 0 0	0 9.2	0 8.9	0 40.0	0 39.0	0 8.2 .71
st a s at		(26 32) .57 6.7	(35 3)	(28 66) .66 5.6	(1.0	)	(56 67) .67	(79 77)	(1.2 21)	(2.0 00)	(58 66)

d. Encumbrances on fixed assets

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

	30/09/2009 €
Bank of Cyprus:
Building in Lemessos	4.271.504
Building in Lemessos	2.562.902
	6.834.406

4.5 Investment property (leased properties)

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

Summary information regarding those investments is as follows:

(amounts in €)		Income from rents
Location of asset	Description – operation of asset	1/7/2009 – 30/09/2009	1/7/2008 – 30/9/2008
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	20.069	19.416
Nea Efkarpia	Retail Shop	82.059	81.059
Psychiko	Retail Shop	6.815	6.815
Total		108.943	107.290

None of the subsidiary had any investment properties until 30/09/2009. Net cost of those investments is analyzed as follows:

	THE GROUP
	Investment Property
Cost 30/09/2008	11.701.866
Accumulated depreciation	(3.046.161)
Net Cost as at 30/09/2008	8.655.705

Cost 30/09/2009	11.701.866
Accumulated depreciation	(3.439.639)
Net Cost as at 30/09/2009	8.262.227

Cost 30/06/2009	11.701.866
Accumulated depreciation	(3.342.221)
Net Cost as at 30/06/2009	8.359.645

Movements in the account for the period are as follows:

	THE GROUP
	Investment Property
Cost
Balance as at 30/6/2009	11.701.866
- Additions	-
- Decreases – transfers	-
Balance as at 30/09/2009	11.701.866

Depreciation
Balance as at 30/6/2009	(3.342.221)
- Additions	(97.418)
- Decreases – transfers	-
Balance as at 30/09/2009	(3.439.639)

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 rate	Amount of participation In €
	Avraam Antoniou 9- 2330 Kato Lakatamia
JUMBO TRADING LTD	Nicosia – Cyprus	100%	11.074.190
JUMBO EC.B	Sofia, Bu.Bulgaria 51-Bulgaria	100%	51.905.534
JUMBO EC.R	Bucharest (apartment n.5, Int. Vasil Paun number 1, 3rd floor, administrative area 5)	100%	73
			62.979.798

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

In July of 2009 the subsidiary company "JUMBO EC.B",increased its Share Capital by € 20m which was covered to the rate of 100% by the parent company JUMBO S.A. The share capital of this subsidiary reached to € 51,9 mil. The cause of the above share capital increase is further expansion of the Group in Bulgaria.

4.7 Cash and cash equivalents

	THE GROUP				THE COMPANY
Cash and cash equivalents	30/09/2009	30/09/2008	30/6/2009	30/09/2009	30/09/2008	30/06/2009
(amounts in euro)
Cash in hand	2.013.341	1.907.876	2.159.485	1.913.841	1.817.967	2.065.558
Bank account balances
	9.306.451	6.759.246	6.768.086	6.953.591	5.562.522	5.337.768
Sight and time deposits	141.866.557	48.354.398	100.738.277	97.534.982	27.327.296	76.224.514
Total	153.186.349	57.021.520	109.665.849	106.402.414	34.707.785	83.627.841

Sight deposits pertain to short term investments of high liquidity. The interest rate for time deposits was 1,2% – 2,62% while for sight deposits it was 1%.

4.8 Equity

4.8.1 Share capital

	Number of shares	Nominal share value	Value of ordinary shares	Share premium	Total
Balance as at 30th June 2007	60.617.358	1,40	84.864.301	7.678.828	92.543.129
Movement in the period	-	-	-	-	-
Balance as at 30th June 2008 Movement in the period	60.617.358 60.617.358	1,40 1,40	84.864.301 84.864.301	7.678.828 (131.751)	92.543.129 84.732.551
Balance as at 30th June 2009 Movement in the period	121.234.716 8.573.674	1,40 1,40	169.728.602 12.003.144	7.547.078 33.230.574	177.275.680 45.233.718
Balance as at 30th September 2009	129.808.390	1,40	181.731.746	40.777.651	222.509.397

According to the 09.09.2009 decision of the Board of Directors, the company's share capital increase was confirmed by the amount of € 12.003.143,60 with the issuance of 8.573.674 new common nominal shares of nominal value € 1.40each, which resulted from the conversion of 4.081.093 bonds on 08.09.2009 of the Convertible Bond Loan of the company, issued on 08.09.2006. As a result the company's share capital rises to € 181.731.746 consisting of 129.808.390 common shares of nominal value € 1,40 each. The 8.573.674 new common nominal shares of the Company are not eligible for dividend for the year 2008/2009 and are negotiable as new shares since 13 October 2009. As an effect of the abovementioned conversion, was that Share premium reserves reached € 33.349.956 and the expenses related to the share capital increase that decrased the share premium reserves reached €149.227, diluted with the amount € 29.846, which consists the deferred tax.

DEVELOPMENT OF SHARE CAPITAL FROM 1/7/2009-30/09/2009
Date of G .M.	Number of issue of Gov. Gazette	Nominal Value of Shares	Conversion of bonds	With capitalisation of reserve funds	Number of new shares	Total number of shares	Share capital after the increase of S. C.
		1,40				121.234.716	169.728.602
08.09.2009 Dicision of BoD	9612/01/10/2009	1,40	4.081.093	-	8.573.674	129.808.390	181.731.746

4.8.2 Other reserves

The analysis of other reserves is as follows:

	THE GROUP - THE COMPANY
	Legal reserve	Tax free reserves	Extraordinary reserves	Special reserves	Other reserves	Total
Balance at 1st July 2008	9.913.165	1.797.944	54.555.622	14.230	9.355	66.290.317
Changes in the period	3.597.724	-	(42.432.151)	-	-	(38.834.427)
Balance at 30st June 2009	13.510.890	1.797.944	12.123.471	14.230	9.355	27.455.890
Changes in the period	-	-	-	-	-8.998	-8.998
Balance at 30 September 2009	13.510.890	1.797.944	12.123.471	14.230	357	27.446.892

4.9 Loan liabilities

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

	THE GROUP				THE COMPANY
Loans	30/09/2009	30/09/2008	30/6/2009	30/09/2009	30/09/2008	30/6/2009
(amounts in euro)
Long term loan liabilities
Bond loan convertible to shares	1.856.008	46.149.042	47.959.341	1.856.008	46.149.042	47.959.341
Bond loan non convertible to shares	145.215.663	40.235.539	124.860.225	145.215.663	40.235.539	124.860.225
Other bank loans	3.973.710	5.608.068	4.095.747	-	-	-
Liabilities from financial leases	3.881.033	5.385.333	3.962.284	3.881.033	5.385.333	3.962.284
Total	154.926.414	97.377.983	180.877.597	150.952.704	91.769.915	176.781.850

4.10 Long term loans

Bond loan convertible to shares

The second Repetitive Extraordinary General Meeting of shareholders of the Company dated 7/6/2006 decided the issue of bond loan convertible in common shares with right of vote, with preference rights of old shareholders of amount up to € 42.432.150,00 (henceforth the «Loan»). The above mentioned Convertible Bond Loan was covered by 100% amounting to € 42.432.150, divided into 4.243.215 common nominal bonds, of nominal value € 10,00 each bond. Based on the terms of the Loan and the relevant decisions of the meeting of the Company's Board of Directors, each Bond offer to the bond-holder the right of its conversion to 2,100840336 new common nominal shares of the company, nominal value of € 1.40 each. The conversion price is € 4,76 per share. The conversion right can be exercised for the first time at the first day beginning the 4rth year of the Bond Loan's issuing date ( 08.09.2009 ) and afterwards can be exercised every half-year period, the same as the issuing date of the Loan every month.

The new 8.573.674 common nominal shares, are eligible to dividend of the current financial year (01.07.2009-30.06.2010) in which the right of conversion was exercised, while they are not eligible to the dividend of the financial year ended at 30.6.2009. The 8.573.674 new common nominal shares started traded on October 13th, 2009 as new series of companys' shares without the right of the dividend financial year ended at 30.6.2009.

From the abovementioned Convertible Bond Loan, 162.122 bonds, of nominal value € 10,00 each have not been converted.

Common Bond Loan.

During the period, the Company issued Series D of the Common Bond Loan (non convertible), value of € 20.000.000. At previous periods, the Company had issued Series B of the Common Bond Loan value of € 20.000.000, Series A value of € 65.000.000 and Series C value of € 40.000.000. The capital of the Loan's Bonds of Series A, B, C and D will be fully repaid at 24th May 2014.

Other Bank Loans

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

These bank loans are secured as follows:

i. Mortgage value € 6.834.405 for the Land owners of TRADING LTD at Lemeso.

Expiration of long term loans is broken down as follows:

		THE GROUP			THE COMPANY
	30/9/2009	30/6/2009 30/9/2008		30/9/2009	30/9/2008	30/6/2009

From 1 to 2 years	5.406.400	43.701.832	50.428.979	1.856.008	41.468.181	47.959.341
From 2 to 5 years	146.817.362	49.223.218	127.878.974	145.215.662	46.144.667	124.860.225
After 5 years	-	41.365.116	-	-	40.235.539	-
	152.223.762	134.290.166	178.307.953	147.071.670	127.848.387	172.819.566

4.11 Financial leases

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

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

	THE GROUP			THE COMPANY
	30/09/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/6/2009

Up to 1 year	1.683.098	858.162	1.777.556	1.683.098	858.162	1.777.556
From 1 to 5 years	2.092.801	3.840.179	2.174.152	2.092.801	3.840.179	2.174.152
After 5 years	2.190.942	3.289.776	2.324.215	2.190.942	3.289.776	2.324.215
	5.966.841	7.988.117	6.275.923	5.966.841	7.988.117	6.275.923
Future debits of financial leases	(493.100)	(2.124.327)	(658.410)	(493.100)	(2.124.327)	(658.410)
Present value of liabilities of financial leases	5.473.741	5.863.790	5.617.513	5.473.741	5.863.790	5.617.513
		THE GROUP			THE COMPANY
The current value of liabilities of financial leases is:	30/9/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/6/2009
Up to 1 year	1.592.707	523.990	1.655.230	1.592.707	523.990	1.655.230
From 1 to 5 years	1.820.220	2.737.212	1.817.855	1.820.220	2.737.212	1.817.855
After 5 years	2.060.814	2.602.588	2.144.428	2.060.814	2.602.588	2.144.428
	5.473.741	5.863.790	5.617.513	5.473.741	5.863.790	5.617.513

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

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

	THE GROUP			THE COMPANY
	30/09/2009	30/09/2008	30/6/2009	30/09/2009	30/09/2008	30/6/2009
long term liabilities payable in the subsequent year
Bank loans payable in the subsequent
year	1.178.382	42.297.517	1.392.640	-	41.463.806	-
Liabilities from financial leases
payable in the subsequent year	1.592.707	478.456	1.655.230	1.592.707	478.456	1.655.230
Total	2.771.090	42.775.973	3.047.870	1.592.707	41.942.262	1.655.230

4.13 Deferred tax liabilities

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

		THE GROUP
		30/09/2009	30/6/2009
	Asset	Liability	Asset	Liability
Non current assets
Tangible assets	398	4.321.725	398	4.124.144
Tangible assets from financial leases	-	361.511	-	356.448
Inventories	194	-	194	-
Equity Deferred tax regarding share capital expenses Offsetting of deferred tax from bond	62.783	- 126	32.937 -	- 3.294
loan conversion
Long term liabilities
Provisions	-	7.353	-	3.944
Benefits to employees	506.260	-	476.973	-
Long-term loans	-	98.252	974.344	-
Offsetting	(398)	(398)	(398)	(398)
	569.236	4.788.569	1.484.449	4.487.432
Total Deferred tax liability		4.219.333		3.002.983

For the company the respective accounts are analyzed as follows:

	THE COMPANY
	30/09/2009		30/6/2009
	Asset	Liability	Asset	Liability
Non current assets
Tangible assets	-	4.321.725	-	4.123.296
Tangible assets from financial leases	-	361.511	-	356.448
Inventories			-	-
Equity
Deferred tax regarding share capital expenses	62.783	-	32.937	-
Offsetting of deferred tax from bond loan conversion	-	126	-	3.294
Long term liabilities
Provisions	-	7.353	-	3.944
Benefits to employees	503.241	-	473.954	-
Long-term loans	-	98.252	974.344	-
	-	-	-	-
Offsetting

Total	566.023	4.788.967	1.481.235	4.486.982
Deferred tax liability		4.222.944		3.005.747

4.14 Current tax liabilities

The analysis of tax liabilities is as follows:

		THE GROUP		THE COMPANY
Current tax liabilities	30/09/2009	30/09/2008	30/6/2009	30/09/2009	30/09/2008	30/6/2009
(amounts in euro)
Expense for tax corresponding the period	5.001.237	4.912.649	28.467.577	4.605.486	4.266.657	26.803.780
Liabilities from taxes	39.022.037	29.426.868	8.259.007	37.674.091	28.618.630	8.191.942
Total	44.023.274	34.339.517	36.726.584	42.279.577	32.885.287	34.995.722

4.15 Cash flows from operating activities

	THE GROUP			THE COMPANY
	30/9/2009	30/9/2008	30/6/2009	30/9/2009	30/9/2008	30/6/2009
Cash flows from operating activities
Net profit for the period	17.528.110	15.647.040	95.743.413	14.062.643	12.952.401	81.879.282
Adjustments for: Income taxes Depreciation of non current	5.047.087	4.699.527	27.533.426	4.651.518	4.392.363	25.869.536
assets	3.006.329	2.617.771	11.418.846	2.667.570	2.315.213	10.066.541
Pension liabilities provisions (net)	146.432	117.076	431.276	146.432	117.076	429.190
Other provisions Profit/ (loss) from sales of non	58.849	58.007	175.236	58.849	58.007	175.236
current assets Interest and related income Interest and related expenses	1.419 (711.036) 2.017.795	684 (371.414) 2.087.381	31.785 (2.816.770) 7.715.742	1.419 (379.171) 1.914.756	684 (233.046) 1.983.481	33.487 (1.736.268) 7.312.226
Other Exchange Differences	(32.064)	17.621	(23.027)	(13.637)	19.646	(15.777)
Operating profit before change in working capital	27.062.921	24.873.693	140.209.927	23.110.379	21.605.826	124.013.453
Change in working capital
(Increase)/ decrease in inventories	12.926.805	(8.059.677)	(25.582.620)	13.257.323	(6.753.630)	(24.158.360)
(Increase)/ decrease in trade and other receivables	(3.826.542)	(1.916.306)	3.033.909	(5.735.233)	(4.656.888)	2.986.134
(Increase)/ decrease in other current assets Increase/ (decrease) in trade	(1.822.641)	(2.793.142)	(1.599.348)	(1.839.261)	(2.828.447)	(1.575.741)
payables	4.683.466	10.707.700	2.269.138	4.427.262	11.097.936	2.145.606
Other	(4.781)	(110.731)	(111.607)	(4.781)	(110.731)	(111.607)
	11.956.307	(2.172.156)	(21.990.527)	10.105.310	(3.251.760)	(20.713.968)
Cash flows from operating activities	39.019.228	22.701.537	118.219.400	33.215.689	18.354.066	103.299.485

4.16 Contingent assets - liabilities

Unaudited financial periods for the Group on 30.09.2009 are analysed as follows:

Company	Unaudited Financial Periods
JUMBO S.A.	01.07.2006-30.06.2007
	01.07.2007-30.06.2008
	01.07.2008-30.06.2009
JUMBO TRADING LTD	01.01.2005-30.06.2005,
	01.07.2005-30.06.2006
	01.07.2006-30.06.2007
	01.07.2007-30.06.2008
	01.07.2008-30.06.2009
JUMBO EC.B LTD	01.01.2007-31.12.2007
	01.01.2008-31.12.2008
JUMBO EC.R S.R.L	01.08.2006-31.12.2006
	01.01.2007-31.12.2007
	01.01.2008-31.12.2008
ASPETΤO LTD	01.08.2006-31.12.2006
	01.01.2007-31.12.2007
	01.01.2008-31.12.2008
WESTLOOK S.R.L.	01.10.2006-31.12.2006
	01.01.2007-31.12.2007
	01.01.2008-31.12.2008

The Company has been inspected by the tax authorities until 30/06/2006. The fiscal years that have not had a tax audit are the ones ended on 30.06.2007, 30.06.2008 and 30.06.2009. Consequently it is possible that additional taxes will be imposed after final inspections from the tax authorities. The outcome of the tax inspection can not be predicted at this point. However the Company has conducted an accumulative provision for contingent tax liabilities which could occur from relevant tax inspection of the amount of € 588 thousand.

The subsidiary company JUMBO TRADING LTD which operates in Cyprus, has been inspected by the Cypriot tax authorities until 31/12/2004. The subsidiary company JUMBO TRADING LTD prepares its financial statements in compliance with IFRS and consequently it charges its results with relevant provisions for uninspected tax years, whenever necessary. It is noted that due to the fact that the Cypriot tax authorities operate in a different status, and due to the fact that there were no tax differences after the last tax audit control, no provsion for further tax liabilities has been done by the company.

The subsidiary company JUMBO EC.B LTD commenced its operation on 07.12.2007 and has had a tax audit imposed by the Bulgarian Tax Authorities, up to 31.12.2006. The financial periods that have not had a tax audit are 01.01.2007-31.12.2007 and 01.01.2008-31.12.2008. It is noted that due to the fact that the local tax authorities operate in a different status, and the fact that the company commenced its operation on December 2007 conducting provisions for additional taxes from potential tax inspection was not considered necessary.

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

5. Transactions with related parties

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

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

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

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

The following transactions were carried out with the affiliated undertakings:

Income/ Expenses

Sales of JUMBO SA to JUMBO TRADING LTD	30/09/2009 4.417.959	30/09/2008 4.706.051	30/06/2009 17.939.440
Sales of JUMBO SA to JUMBO EC.B	1.630.141	1.441.997	6.668.998
Sales of tangible assets JUMBO SA to JUMBO EC.B	620	139	257
Sales of services JUMBO SA to JUMBO EC.B	42.436	43.414	68.949
Sales of services JUMBO SA to JUMBO TRADING LTD	296	214	881
Purchases of JUMBO SA from JUMBO EC.B	213.825	222.451	739.630
Purchases of JUMBO SA from JUMBO TRADING LTD	140.890	39.720	936.887
Sales of services JUMBO SA from JUMBO EC.B	-	-	-
	6.446.168	6.453.986	26.355.042
Net balance arising from transactions with the subsidiary companies
	30/09/2009	30/09/2008	30/06/2009
Amounts owed to JUMBO SA from JUMBO TRADING LTD	2.615.532	3.204.392	1.090.274
Amounts owed by JUMBO SA to JUMBO TRADING LTD	140.890	39.720	166.541
	2.756.421	3.244.112	1.256.815

Amounts owed to JUMBO SA from JUMBO EC.B.LTD	3.110.349	2.772.318	2.725.332
Amounts owed by JUMBO SA to JUMBO EC.B LTD	213.825	222.451	187.125
	3.324.175	2.994.769	2.912.458

Amounts owed to JUMBO SA from JUMBO EC.R.S.R.L	12.166	12.166	12.166
Amounts owed by JUMBO SA to JUMBO EC.R.S.R.L.	-	-	-
	12.166	12.166	12.166

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

6. Fees to members of the BoD

The transactions with Directors and Board Members are presented below:

	THE GROUP	THE COMPANY
	30/09/2009	30/09/2009
Short term employee benefits:
Wages and salaries	179.807	100.740
Insurance service cost	10.959	4.219
Other fees and transactions to the members of the BoD	140.521	140.521
	331.287	245.480

Pension Benefits:
Defined benefits scheme
Defined contribution scheme
Other Benefits scheme	6.785	6.785
Payments through Equity	-	-
Total	6.785	6.785

Transactions with Directors and Board Members
	THE GROUP	THE COMPANY
	30/09/2008	30/09/2008
Short term employee benefits:
Wages and salaries	187.450	111.771
Insurance service cost	10.083	4.549
Other fees and transactions to the members of the BoD	163.243	163.243
	360.775	279.562
Pension Benefits:
Defined benefits scheme
Defined contribution scheme
Other Benefits scheme	5.801	5.801
Payments through Equity	-	-
Total	5.801	5.801
Transactions with Directors and Board Members
	THE GROUP	THE COMPANY
	30/06/2009	30/06/2009
Short term employee benefits:
Wages and salaries	754.318	341.551
Insurance service cost	47.248	19.262
Other fees and transactions to the members of the BoD	980.109	973.334
	1.781.676	1.334.147
Pension Benefits:
Defined benefits scheme
Defined contribution scheme
Other Benefits scheme	23.202	23.202
Payments through Equity	-	-
Total	23.202	23.202

No loans have been given to members of BoD or other management members of the group (and their families) and there are no assets nor liabilities given to members of BoD or or other management members of the group and their families.

7. Lawsuits and legal litigations

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

The litigation provision balance as of 30 September 2009 amounts € 20.050 for the Company.

8. Number of employees

On 30 September 2009 the Group occupied 3.318 individuals, from which 2.737 permanent personnel and 581 extraordinary personnel while the mean of personnel for the period of current financial year i.e. from 01/07/2009 to 30/09/2009 oscillated in the 3.191 individuals (2.730 permanent personnel and 461 seasonal personnel). In more detail: Parent company at 30 September 2009 occupied in total 3.004 individuals (2.483 permanent and 521 seasonal personnel), the Cypriot subsidiary company Jumbo Trading Ltd in total 199 individuals (139 permanent and 60 seasonal personnel) and the subsidiary company in Bulgaria 115 individuals permanent personnel.

9. Seasonal fluctuation

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

The income from the product sales of the Group for the first three months of this period reached to 24,91% of the total sales of the previous period ( 01.07.2008 – 30.06.2009 ).

The same income of the comparable period 01.07.08-30.09.08 reached to 22,99% of the total income of the period 01.07.08 – 30.06.2009.

10. Proposal for the allocation of profits for the period 2008-2009

The proposal of the Board of Directors to the Annual General Meeting of the shareholders regarding the allocation of profits is the distribution of dividends out of the profits of the year 2008/2009 of amount € 27.883.984,68 which corresponds to € 0,23 (gross) per share (121.234.716 shares) as opposed to dividend of € 24.246.943 which corresponded to € 0,40 per share (60.617.358 shares) for the year 2007/2008. In order for the financial statement to be comparable the dividend of the previous financial year has been adjusted to € 0,2000 from € 0,4000. It is noted that according to article 18 of L.3697/2008, dividends are subject to 10% withholding tax. Regarding the process of payment of dividends it will be affected through a financial institution within the time limits prescribed by the law starting from the relevant decision of the Annual General Meeting of the shareholders.

11. Important events of the period 01/07/2009-30/09/2009

The Company proceeded with the issuance of all the bond of the Series D of the Common Bond Loan (non convertible), amount of € 20m. The nominal amount of the bond shall be repaid in full by the Issuer on May 24th 2014. The issuance of the Common Bond Loan was approved by the 1st Repeated Extraordinary Meeting of the shareholders on May 16th 2007 up to the amount of € 145mil. After that, the repayment of this Bond Loan of €145mil. was completed.

On 08.09.2009, there were submitted by beneficiary bond-holders 117 applications to exercise the right of conversion of a total 4.081.093 of bonds that will be converted into 8.573.674 new common nominal shares of the company with voting right and nominal value of € 1.40 each. Under the exercise of the conversion right the company's share capital increased by € 12.003.143,60. Relevant reference in paragraphs 4.8.1 and 4.10.

The subsidiary company JUMBO EC. B LTD proceeded with a Share Capital Increase of € 20m which was covered to the rate of 100% by the parent company JUMBO S.A. The capital of the company JUMBO EC. B LTD is today €51.9mil. The cause of the above share capital increase is further expansion of the Group in Bulgaria

12. Events subsequent to the statement of financial position

There are no subsequent events to the balance sheet that affect the Group or the Company, for which reference from IFRS is required.

Moschato, November 12th , 2009

The responsible for the Financial Statements

The President of the Board of Directors & Managing Director

The Vice-President of the Board of Directors

The Financial Director The Head of the Accounting Department

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

Ioannis Oikonomou son of Christos 156531/2002

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

Panagiotis Xiros son of Kon/nos 370348/1977

H. FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2009 TO 30 SEPTEMBER 2009

Company's Web Site: Date of approval of the three months financial statements by the Board of directors: Certified Auditor: Auditing company: Auditor's opinion:			Not required	www.jumbo.gr 12 November 2009 Grant Thornton	Deligiannis Georgios, Christopoulos Panagiotis
	STATEMENT OF FINANCIAL POSITION	(consolidated and non-consolidated) sums in $\epsilon$				CASH FLOW STATEMENT
		THE GROUP		THE COMPANY	(consolidated and non-consolidated) sums in €	THE GROUP			THE COMPANY
	30/09/2009	30/06/2009	30/09/2009	30/06/2009		1/7/2009	1/7/2008-	1/7/2009-	1/7/2008
ASSETS Tangible fixed assets for own use	290.023.924	280.194.566	224.979.359	219.151.690	Operating activities	30/09/2009	30/09/2008	30/09/2009	30/09/2008
Investments in real estate Other fixed assets	8.262.227 3.014.043	8.359.645 3.009.261	8.262.227 65.989.159	8.359.645 45.984.377	Net profit for the period	17.528.110	15.647.040	14.062.643	12.952.401
Inventories	178 198 594	191225.530	166.818.517	180.075.840	Plus/minus adjustments for: Income taxes	5.047.087	4.699.527	4651518	4.392.363
Trade debtors Other current assets	23.833.442 206.289.749	21.661.192 159.418.864	28.849.186 153.361.187	24.555.868 127.878.199	Depreciation of tangible assets	3.006.329	2.617.771	2.667.570	2.315.213
TOTAL ASSETS	709.621.979	663.869.058	648,259.635	606,005.619	Pension liability provisions (net) Other provisions	146.432 58,849	117.076 58,007	146,432 58.849	117.076 58.007
EQUITY AND LIABILITIES					Profit/(loss) from investment activities (profits, losses, income, expenses)	1.419	684	1,419	684
Share Capital Other Shareholder's Equity Items	181.731.746 236.690.265	169.728.602 185.936.207	181.731.746 183.316.153	169.728.602 136.031.933	Interest and related income	(711.036)	(371.414)	(379.171)	(233.046)
Total Shareholder's Equity (a)	418.422.011	355.664.810	365.047.899	305.760.536	Interest and related expenses Exchange Differences	2.017.795 (32.064)	2.087.381 17.621	1.914.756 (13.637)	1.983.481 19.646
Minority Rights (b)					Operating profit before changes
Total Equity (c)= (a)+(b)	418.422.011	355.664.810	365.047.899	305.760.536	in the operating capital	27.062.921	24.873.693	23.110.379	21.605.826
Long term liabilities from loans Provisions / Other long term liabilities	154.926.414 6.743.778	180.877.597 5.387.970	150.952.704 6.745.303	176.781.850 5.381.675	Changes in Working Capital
Other short term liabilities	129.529.776	121.938.680	125.513.729	118.081.557	(Increase)/decrease in inventories	12.926.805	(8.059.677)	13.257.323	(6.753.630)
Total liabilities (d)	291.199.968	308.204.248	283211.736	300.245.083	(Increase)/decrease in trade and other receivables (Increase)/decrease in other current assets	(3.826.542) (1.822.641)	(1.916.306) (2.793.142)	(5.735.233) (1.839.261)	(4.656.888) (2.828.447)
Total Equity and Liabilities (c) + (d)	709.621.979	663.869.058	648.259.635	606.005.619	Increase / (Decrease) in liabilities (excluding loans)	4.683.466	10.707.700	4,427,262	11.097.936
		STATEMENT OF TOTAL COMPREHENSIVE IN COME			Other Minus	(4.781)	(110.731)	(4.781)	(110.731)
		(consolidated and non-consolidated) sums in € THE GROUP		THE COMPANY	Interest expense paid	(975.980)	(421.625)	(965.431)	(414.423)
	1/7/2009-	1/7/2008	1/7/2009	1/7/2008	Income tax paid	(927.328)	(556.344)
	30/09/2009	30/09/2008	30/09/2009	30/09/2008	Total cash flows from operating activities (a)	37.115.920	21.723.569	32.250.259	17.939.644
Turnover Gross profit / Loss	116.527.198 56.636.511	107.546.012 52.694.022	110.530.601 50.742.572	103.574.574 47.738.723
Profit / (Loss) before tax, financial and					Investment activities Share Capital increase of subsidiaries			(20.000.000)
investment results Profit /(loss) before tax	23.881.955 22.575.197	22.062.915 20.346.566	20 249 746 18.714.161	19.095.200 17.344.764	Purchases of tangible and intangible assets	(13.529.252)	(15.013.102)	(9.608.143)	(12.300.170)
Less tax	(5.047.087)	(4.699.527)	(4.651.518)	(4.392.363)	Sales of tangible assets Interest received	34.120 585.372	7.064 346.457	34.120 379.171	7.064 233.046
Profit / (loss) after tax (A)	17.528.110	15.647.040	14.062.643	12.952.401	Total cash flows from
Attributable to:					investment activities (b)	(12.909.760)	(14.659.581)	$(29.194.852)$ $(12.060.060)$
Owners of the Company Minority Interests	17.528.110	15.647.040	14.062.643	12.952.401
Other comprehensive income after tax (B)	4.372	(55.136)			Financing activities Proceeds from share capital increase	46.557.277		46.557.277
Total comprehensive income after $\text{tax}(A) + (B)$	17.532.481	15.591.904	14.062.643	12.952.401	Expenses for Capital Increase	(149.227)		(149.227)
-Owners of the Company	17.532.481	15.591.904	14.062.643	12.952.401	Proceeds from loans Loan repayments	20,000,000 (46.937.905)	20,000,000 (401.081)	20.000.000 (46.545.111)	20.000.000
-Minority Interests Basic earnings per share (C/share)	0,1422	0,1291	0,1141	0,1068	Payment of finance lease liabilities	(143.774)	(118.925)	(143.774)	(117.404)
Diluted earnings per share (C/share)	0.1419	0.1238	0.1139	0.1031	Total cash flows from
Profit / (Loss) before tax, financial, investment results.					financial activities (c)	19.326.371	19.479.994	19.719.166	19.882.596
depreciation and amortization	26.889.704	24.681.370	22.918.735	21.411.096	Increase/(decrease) in cash
	STATEMENT OF CHANGES IN EQUITY				and cash equivalents (a)+(b)+(c)	43.532.532	26.543.983	22.774.573	25.762.180
		(consolidated and non-consolidated) sums in €			Cash and cash equivalents at the beginning of the period	109.665.849	30.477.648	83.627.841	8.945.605
	30/09/2009	THE GROUP 30/09/2008	30/09/2009	THE COMPANY 30/09/2008	Exchange difference of cash
Total Equity at the beginning of the period					and cash equivalents Cash and cash equivalents at the	(12.032)	(111)
(01.07.2009 and 01.07.2008 respectively)	355.664.810	284.629.976	305.760.536	248.259.948	end of the period	153.186.349		57.021.520 106.402.414 34.707.785
Total comprehensive income for the period after tax					Cash in hand	2.013.341	1.907.876	1.913.841	1.817.967
continuing/discontinuing operations) Increase / (Decrease) in Share Capital	17.532.481	15.591.904	14.062.643	12.952.401	Carrying amount of bank
due to conversion of bond loan	12.003.144		12.003.144		deposits and bank overdrafts Sight and time Deposits	9.306.451 141.866.557	6.759.246 48.354.398	6.953.591 97.534.982	5.562.522 27.327.296
Increase of reserve due to conversion of bond loan	33.340.958		33,340.958		Cash and cash equivalents at the
Dividends paid					end of the period	153.186.349	57.021.520	106.402.414	34.707.785
Net Income recorded directly to equity	(119.381)		(119.381)
Total equity at the end of the period (30.09.2009 and 30.09.2008 respectively)	418.422.011	300.221.881	365.047.899	261,212,349

					ADDITIONAL INFORMATION
References to the "COMPANY" or "JUMBO S.A." indicate, unless contents state the opposite, the "JUMBO" Group and its consolidated subsidiaries.					a) Income			Group	Company 6.091.453
The basic accounting principles applied are consistent with those applied for the financial statements of the previous					b) Expenses				354.715
years 2008-2009,with the exception of new or revised accounting standards that were applied during the fiscal year 2009-2010 and are the following: IFRS 8, "Operating Segments", IAS 1 " Presentation of Financial Statements					c) Receivable: d) Pavables				5.738.047 354.715
23 "Borrowing Cost", IFRS 3 'Business Combinations", IAS 27 "Consolidated and Separate Financial Statements" and IAS 28 "Accounting for Investments in Associates and Joint Ventures ". It is noted that the adoption of IFRS 8 had as					e) Transactions and remuneration of managers and members of the administration			338.072	252.265
a consequence the recognition of three geographic sectors as operating segments (Greece, Cyprus Bulgaria) (further					f) Receivables from managers and members of the administration
information in paragraph 4.1 of the interim financial statements). None of the other new or revised accounting standards had an important impact during the current or the previous periods. There is no change on the consolidation					g) Payables to managers and members of the administration Companies included in the consolidated financial statements together with country located, participation of interest 8.
method in comparison to the financial year ended on 30.06.2009.					and method of consolidation are presented in rote 3.3 of the interim financial statements
2. There are no changes in the composition of the companies that are consolidated at the Group's Financial Statements, there are no changes in their consolidation method, and there are no companies or joint ventures that are not included					9. Net investments for the procurement of property plant of the Company for the period 01.07.2009-30.09.2009 came up to $\in$ 8.433 thousand and the Group's at $\in$ 12.769 thousand.
in the Consolidated Financial Statements.					10. During the current financial period the Company or its subsidiary companies have not acquired any shares of the Parent Company.
There are no encumbrances on the company's assets. There are encumbrances on the subsidiary JUMBO TRADING LTD 3. (a' & b' dass mortgages), $\in$ 6.834 thousand to secure the bank borrowings.					11. In July 2009 the subsidiary company JUMBO EC. B LTD proceeded with a Share Capital Increase of € 20m which was
of staff emp					d to the rate of 10 €51.9mil.		The capital of th
Group Pernanent			30/09/2009 2.737	30/09/2008 2.558	12. During the current financial period 01/07/2009-30/09/2009 the Company proceeded with the issuance of all the bond
Seasonal				415	of the Series D of the Common Bond Loan (non convertible), amount of € 20m, which was approved by the 1st Repeated Extraordinary Meeting of the shareholders on May 16th 2007. The nominal amount of the bord shall be
Total Company			3.318 10/09/2009	2.973 30/09/2008	repaid in full by the issuer on May 24th 2014. With this issuance, the repayment of the Common Bond Loan of € 145mil was completed.
Permanent			2.483	2.344	13. According to the 09.09.2009 decision of the Board of Directors, the company's share capital increase was confirmed by the amount of $\in$ 12.003.143,60 with the issuance of 8.573.674 new common nominal shares of nomina
Seasonal Total			521 3.004	371 2.715	€ 1.40each, which resulted from the conversion of 4.081.093 bonds on 08.09.2009 of the Convertible Bond Loan of
5. There are no litigious cases, the negative outcome of which might have a significant impact on the financial results of the Group and the Company. The Group's and Company's provisions balance, for every of the following categories are:					the company, issued on 08.09.2006. As a result the company's share capital rises to € 181.731.746 consisting of
Category			Group	Company	129.808.390 common shares of nominal value € 1,40 each. The 8.573.674 new common nominal shares of the Company are not eligible for dividend for the year 2008/2009 and are negotiable as new shares since 13 October 2009.
Provisions for litigation matters			20.050 587.737	20.050 587.737	(notes 4.8.1 and 4.10) 14. The total effect in equity of € 119.381 is analyzed in expenses for share capital increase, amount of € 149.227, diluted
Provision for Unaudited financial years Other Provision			2.578.961	2.525.203	with the amount of $6.29.846$ that concerns deferred tax.
The fiscal years that are unaudited by the tax authorities for the Company and the Group's subsidiaries are pres 6. note 4.16 of the interim financial statements.				ted in detail in	15. Earnings per share were calculated according to the weighted average number of total shares. 16. Total earnings (after tax) concern exchange differences due to transformation of foreign subsidiary companies that for
income and expenses, cumulatively from the beginning of the accounting period and payables and receivables of the company at 7.					the period 01st July 2009 - 30 September 2009 amounted at € 4.372 (income), whereas for the relevant last year's
the end of the current accounting period which have arisen from transactions with related parties according to the IAS 24 are as follows:					period was an expense of €55.136.
					Moschato, 12 November 2009

The President of the Board of Directors & Managing Director			The Vice-President of the Board of Directors		The Financial Director			The Head of the Accounting Department





EVANGELOS-APOSTOLOS VAKAKIS SON OF GEORG. Passport no AB0631716/26-9-2006			IO ANNIS OIKO NO MOU SON OF CHRIST. Identity card no X 156531/2002		KALLIOPI VERNADAKI DAUGHTER OF EMMAN. identity card no @ 099860/2001			PANAGOTIS XIROS SON OF KON/NOS Identity card no ∧ 370348/1977
								tyne 1: 2102724090

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Jumbo S.A.

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JUMBO S.A. GROUP OF COMPANIES

INTERIM FINANCIAL RESULTS For the period from 1 July 2009 to 30 September 2009

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

INTERIM FINANCIAL RESULTS For the period from 1st July 2009 to 30th September 2009

A. INTERIM INCOME STATEMENT

B. INTERIM STATEMENT OF TOTAL COMPREHENSIVE INCOME

C. INTERIM STATEMENT OF FINANCIAL POSITION

D.STATEMENT OF CHANGES IN EQUITY - GROUP

E.STATEMENT OF CHANGES IN EQUITY - COMPANY

F. INTERIM CASH FLOW STATEMENT

G. SELECTED EXPLANATORY NOTES TO THE INTERIM PARENT AND CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 2009

1. Information of the Group

2. Company's Activity

3. Accounting Principles Summary

3.1 Changes to Accounting Policies

• Adoption of IFRS 8, «Operating Segments»

• Adoption of IAS 1, «Presentation of Financial Statements»

• Adoption of IAS 23, «Borrowing Costs»

• Adoption of IFRS 3, «Business Combinations»

• Adoption of IAS 27 «Consolidated and Separate Financial Statements»

• Adoption of IAS 28 «Accounting for Investments in Associates»

• Annual Improvements 2008

3.2 New standards, amendments to published standards and interpretations

IFRS 2 Share based payment: "vesting conditions and cancellations" –Amendment

IAS 32 and IAS 1, «Puttable Financial Instruments»

IAS 39 Financial Instruments: Recognition and Measurement: Eligible Hedged items (amendment July 2008)

Amendment of IAS 39 & IFRS 7: Reclassification of Financial Assets

IFRIC 15 Agreements for the Construction of Real Estate

IFRIC 16 Hedges of a Net Investment in a Foreign Operation

IFRIC 17 Distributions of Non-cash Assets to Owners

IFRIC 18 Transfers of Assets from Customers

3.3 Structure of the Group and consolidation

Parent Company:

Subsidiary companies:

4. Notes to the Financial Statements

4.1 Segment Reporting

4.2 Income tax

4.3 Earnings per share

4.4 Property plant and equipment

a. Information on property plant and equipment

b. Depreciation

c. Purchase of Tangible Assets

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

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

d. Encumbrances on fixed assets

4.5 Investment property (leased properties)

Movements in the account for the period are as follows:

4.6 Investments in subsidiaries

4.7 Cash and cash equivalents

4.8 Equity

4.8.1 Share capital

4.8.2 Other reserves

4.9 Loan liabilities

4.10 Long term loans

Bond loan convertible to shares

Common Bond Loan.

Other Bank Loans

4.11 Financial leases

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

4.13 Deferred tax liabilities

4.14 Current tax liabilities

4.15 Cash flows from operating activities

4.16 Contingent assets - liabilities

5. Transactions with related parties

6. Fees to members of the BoD

7. Lawsuits and legal litigations

8. Number of employees

9. Seasonal fluctuation

10. Proposal for the allocation of profits for the period 2008-2009

11. Important events of the period 01/07/2009-30/09/2009

12. Events subsequent to the statement of financial position

Moschato, November 12th , 2009

H. FIGURES AND INFORMATION FOR THE PERIOD 1 JULY 2009 TO 30 SEPTEMBER 2009

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