Kerverus Holding IT (Cyprus) Plc

Earnings Release • Aug 29, 2014

CONSOLIDATED INCOME STATEMENT Period from January 1 to June 30, 2014

	June 30 2014	June 30 201
	€	3 €
Other expenses	(15.314)	(4.129)
Loss from operations	(15.314)	(4.129)
Finance cost	(7)	(19)
Loss before taxation	(15.321)	(4.148)
Taxation	-	-
Net loss for the period/year	(15.321)	(4.148)
Other total income	-	-
Total income for the period/year	(15.321)	(4.148)

Consolidated balance sheet

	June 30, 2014 €'000	December 31, 2013 €'000
Assets
Non current assets
Investments in subsidiaries	1.700.000 1.700.000	1.700.000 1.700.000
Current assets
Amounts receivable	4.626	4.127
Receivables from subsidiaries	194.673	204.198
Cash in hand and at bank	5.731	29.110
	205.030 ____	237.435 ____
Total assets	1.905.030	1.937.435
	==========	==========
Equity
Share capital	1.810.000	1.810.000
Accumulated profits	86.237 ____	119.658 ____
Total equity	1.896.237 ____	1.929.658 ____
Short term liabilities	____	____
Trade and other creditors	1.599	2.150
Credit balances of directors' current accounts	7.194	5.627
	8.793	7.777
Total equity and liabilities	____ 1.905.030	____ 1.937.435
	==========	==========