Logicom Public LTD — Annual Report 2013

Apr 8, 2014

LOGICOM PUBLIC LIMITED

CONSOLIDATED INCOME STATEMENT

	2013	2012
	€	€
Sales Cost of sales	490.003.718 (454.086.504)	458.963.509 (420.900.420)
Gross profit Other income Administrative expenses	35.917.214 1.192.168 (27.262.824)	38.063.089 1.287.328 (29.775.814)
Profit from operating activities	9.846.558	9.574.603
Net exchange profit/(loss) Interests receivable Interests payable and bank expenses	346.927 476.412 (5.355.966)	(346.642) 1.318.480 (5.606.343)
Net finance cost	(4.532.627)	(4.634.505)
Share of (loss)/profit from associated company after taxation	(296.833)	21.319
Depreciation of investments available for sale	- (2.000.000)
Profit before taxation Taxation	5.017.098 (1.057.866)	2.961.417 (901.530)
Profit for the year	3.959.232	2.059.887
Other total income
Deficit from revaluation of land and building (318.746) - Surplus from revaluation of investments in shares available for sale 1.221.891 249.440 Exchange difference from conversion and consolidation of financial statements of companies abroad
Exchange difference in relation to offsetting of net investment in exploitation abroad	(1.935.883)	(893.705)
Deferred taxation resulting from net exchange differences in relation to foreign activities	820.242	365.355
Deferred taxation resulting from revaluation of land and buildings	32.933	(12.301)
Other total expenses for the year after taxation	132.879	10.134
	(46.684)	(281.077)
Net total income for the year
Total income for the year after taxation	3.912.548	1.778.810
Profit attributable to: Shareholders of parent company	4.055.495 (96.263)	2.039.947 19.940
Minority interest	3.959.232	2.059.887
Profit for the year Total income for the year attributable to:
Shareholders of the company	4.008.811	1.758.870
Minority interest	(96.263)	19.940
Total income	3.912.548	1.778.810
	5.47	2.75
Earnings per share	5.47	2.75

Fully diluted earnings per share (cent)

CONSOLIDATED BALANCE SHEET

December 31, 2013

	2013	2012
	€	€
Assets
Property, plant and equipment	11.363.133	10.739.564
Intangible assets and goodwill	9.195.233	9.285.270
Investments recognized with the equity method	-	3.259
Investments available for sale	4.692.462	2.547.545
Deferred taxation	2.472.888	2.027.417
Total non current assets	27.723.716	24.603.055
Stock	51.319.597	43.460.726
Trade and other debtors	117.769.390
		109.880.355
Investments at fair value via the results	248.363	14.388
Tax receivable	654.825	349.604
Cash and equivalent to cash	22.932.001	31.880.357
Total current assets	192.924.276	185.585.430
Total assets	220.647.992	210.188.485
Equity
Share capital	25.187.064	25.187.064
Reserves	32.881.649	29.984.032
Equity attributable to shareholders	58.068.713	55.171.096
Minority interest	(46.577)	49.686
Total equity	58.022.136	55.220.782
Liabilities
Long term loans	7.655.179	13.984.822
Deferred taxation	1.254.364	1.154.234
Contigent liabilities	636.529	831.507
Total long term liabilities	9.546.072	15.970.563
Trade and other creditors	65.746.429	62.974.009
Bank overdrafts	42.671.787	45.932.882
Short term loans	35.197.263	22.719.335
Current installments of long term loans	7.679.363	6.399.262
Tax payable	1.279.986	366.696
Provisions for liabilities	504.956	604.956
Total current liabilities	153.079.784	138.997.140
Total liabilities	162.652.856	154.967.703
Total equity and liabilities		220.647.992 210.188.485