Logicom Public LTD — Annual Report 2012

Apr 19, 2013

LOGICOM PUBLIC LIMITED

CONSOLIDATED INCOME STATEMENT

Year ended December 31, 2012

	2012	2011
	€	€
Sales	458.963.509	460.035.660
Cost of sales	(420.900.420)	(425.173.545)
Gross profit	38.063.089	34.862.115
Other income	1.287.328	1.095.295
Administrative expenses	(29.775.814)	(28.679.733)
Profit from operating activities	9.574.603	7.277.677
Net exchange loss	(346.642)	(507.733)
Interests receivable	1.318.480	1.619.967
Interests payable and bank expenses	(5.606.343)	(4.898.875)
Net finance cost	(4.634.505)	(3.786.641)
Share of profit / (loss) from associated company (after taxation)	21.319	(114.180)
	4.961.417	3.376.856
Depreciation of investments available for sale	(2.000.000)	-
Profit before taxation	2.961.417	3.376.856
Taxation	(901.530)	238.208
Profit for the year	2.059.887	3.615.064
Other total income
Exchange difference in relation to foreign investments	(906.006)	614.442
Exchange difference in relation to offseting of net investment in
exploitation abroad	365.355	(1.009.911)
Deferred taxation resulting from net exchange differences in
relation to foreign activities	(12.301)	20.142
Deferred taxation resulting from revaluation of land and buildings
Net change in fair value of investments available for sale	10.134	11.174
	249.440	(383.540)
Net total income for the year	(293.378)	(747.693)
Total income for the year	1.766.509	2.867.371
Profit attributable to:	2.039.947	3.585.318
Shareholders of parent company	19.940	29.746
Minority interest
	2.059.887	3.615.064
Total results attributable to:
Shareholders of the company	1.746.569	2.837.62.
Minority interest	19.940	29.7465
	1.766.509	2.867.371
Earnings per share Fully diluted earnings per share	2. ts 75cen 2.75	4.84 cents 4.84
	cents	cents

LOGICOM PUBLIC LIMITED

CONSOLIDATED BALANCE SHEET

December 31, 2012
	2012	2011
	€	€
Assets
Property, plant and equipment	10.739.564	9.519.890
Intangible assets and goodwill	9.285.270	9.703.497
Investments recognized with the net worth method	3.259	4.906
Investments available for sale	2.547.545	1.750.560
Deferred taxation	2.027.417	2.106.725
Total non current assets	24.603.055	23.085.578
Stock	43.460.726	40.749.592
Tax refundable	349.604	443.764
Investments at fair value via the results	14.388	20.558
Trade and other debtors	109.880.355	105.628.376
Cash and equivalent to cash	31.880.357	39.745.990
Total current assets	185.585.430	186.588.280
Total assets	210.188.485	209.673.858
Equity
Share capital	25.187.064	25.187.064
Reserves	29.984.032	30.077.152
Equity attributable to shareholders	55.171.096	55.264.216
Minority interest	49.686	29.746
Total equity	55.220.782	55.293.962
Liabilities
Long term loans	13.984.822	15.110.868
Deferred taxation	1.154.234	922.033
Contigent liabilities	831.507	1.611.374
Total long term liabilities	15.970.563	17.644.275
Bank overdrafts	45.932.882	54.422.098
Short term loans	22.719.335	8.337.776
Current installments of long term loans	6.399.262	9.578.684
Tax payable	366.696	210.375
Trade and other creditors	62.974.009	63.710.458
Provisions for liabilities	604.956	476.230
Total current liabilities	138.997.140	136.735.621
Total liabilities	154.967.703	154.379.896
Total equity and liabilities	210.188.485	209.673.858