Annual Report • Apr 23, 2015
Annual Report
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| 2014 | 2013 | |
|---|---|---|
| € | € | |
| Turnover | 8.021.955 | 8.054.431 |
| Cost of sales | (7.787.630) | (7.884.883) |
| Gross profit | 234.325 | 169.548 |
| Other income | 80.157 | 335.217 |
| Selling and distribution expenses | (243.058) | (229.288) |
| Administrative expenses | (1.057.353) | (1.081.264) |
| Depreciation of bank deposits | - | (322.756) |
| Amortization of goodwill | (309.250) | - |
| Increase in fair value of investments | ||
| held for trading | 7.691 | 93 |
| Transfer due to permanent decrease in the value | ||
| of investments available for sale | (6.988) | - |
| Decrease in fair value of investments | ||
| held for trading | (886) | (23.176) |
| Decrease in fair value of investment | ||
| property | (278.506) | (339.220) |
| Finance cost | (137.414) | (152.003) |
| Share of loss from participation in associated | ||
| company | (116.009) | (120.191) |
| Loss before taxation | (1.827.291) | (1.763.040) |
| Taxation | 113.413 | 2.564 |
| Loss for the year | (1.713.878) | (1.760.476) |
| Basic and fully diluted loss | ||
| per share (cent) | (4,04) | (4,15) |
| 2014 | 2013 | |
|---|---|---|
| € | € | |
| ASSETS | ||
| Non current asset | ||
| Property, plant and equipment | 6.274.254 | 7.302.809 |
| Goodwill | 1.487.469 | 1.769.719 |
| Investment property | 2.486.549 | 2.750.849 |
| Investment in associated company | 575.927 | 691.936 |
| Investments available for sale | 24.461 | 17.473 |
| Loan to associated company | 82.120 | - |
| 10.930.780 | 12.559.786 | |
| Current asset | ||
| Stock | 1.380.436 | 1.280.024 |
| Investments held for trading | 25.250 | 18.445 |
| Trade debtors and prepayments | 2.795.109 | 3.292.603 |
| Taxation | 88.961 | 80.441 |
| Cash in hand and at bank | 736.591 | 702.539 |
| 5.026.347 | 5.374.052 | |
| Total assets | 15.957.127 | 17.933.838 |
| EQUITY AND LIABILITIES Equity |
||
| Share capital | 7.216.500 | 7.216.500 |
| Reserves | 5.193.563 | 7.124.929 |
| Total equity | 12.410.063 | 14.341.429 |
| Non current liabilities | ||
| Long term installments of hire/purchase creditors | 64.314 | 146.276 |
| Deferred taxation | 284.521 | 450.814 |
| Total non current liabilities | 348.835 | 597.090 |
| Current liabilities | ||
| Trade creditors and accruals | 1.843.794 | 1.431.813 |
| Current installments of hire/purchase creditors | 85.750 | 85.750 |
| Bank overdrafts | 1.268.685 | 1.477.756 |
| Total current liabilities | 3.198.229 | 2.995.319 |
| Total liabilities | 3.547.064 | 3.592.409 |
| Total equity and liabilities | 15.957.127 | 17.933.838 |
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