Logicom Public LTD — Annual Report 2014

Apr 3, 2015

LOGICOM PUBLIC LIMITED

CONSOLIDATED INCOME STATEMENT

Year ended December 31, 2014

	2014	2013
	€	€
Sales Cost of sales	631.176.348 (588.982.295)	490.003.718 (454.086.504)
Gross profit Other income Administrative expenses	42.194.053 1.013.367 (29.359.775)	35.917.214 1.192.168 (27.262.824)
Profit from operating activities	13.847.645	9.846.558
Net exchange (loss)/profit Interests receivable Interests payable and bank expenses	(880.170) 167.464 (5.668.824)	346.927 476.412 (5.355.966)
Net finance cost	(6.381.530)	(4.532.627)
Share of loss from associated companies (after taxation)	(1.205.601)	(296.833)
Profit before taxation Taxation	6.260.514 (244.887)	5.017.098 (1.057.866)
Profit for the year	6.015.627	3.959.232
Other total expenses not to be reclassified in the profit or loss in subsequent periods Deficit from revaluation of land and buildings Other total income that will be classified in the profit or	-	(318.746)
loss in subsequent periods Surplus from revaluation of investments in shares available for sale	185.959	1.221.891
Exchange difference from conversion and consolidation of	4.389.114	(1.935.883)
financial statements of companies abroad Exchange difference in relation to offseting of net investment in exploitation abroad	(3.941.794)	820.242
Deferred taxation resulting from net exchange differences in relation to foreign activities	98.915	32.933
Deferred taxation resulting from revaluation of land and buildings	(6.465)	132.879
Other total income for the year after taxation	725.729	272.062
Total income for the year after taxation	6.741.356	3.912.548
Profit attributable to: Shareholders of parent company Minority interest	6.473.576 (457.949)	4.055.495 (96.263)
Profit for the year	6.015.627	3.959.232
Total income for the year attributable to: Shareholders of the company Minority interest Total income	7.199.305 (457.949) 6.741.356	4.008.811 (96.263) 3.912.548
Basic earnings per share (cent)
Fully diluted earnings per share (cent)	8.7 8.7	5.4 5.4

LOGICOM PUBLIC LIMITED

CONSOLIDATED BALANCE SHEET

December 31, 2014

	2014	2013
	€	€
Assets
Property, plant and equipment	11.392.452	11.363.133
Intangible assets and goodwill	8.853.305	9.195.233
Investments available for sale	5.927.886	4.692.462
Deferred taxation	3.557.620	2.472.888
Total non current assets	29.731.263	27.723.716
Stock	60.857.033	51.319.697
Trade and other debtors	164.574.267
		117.769.390
Investments at fair value via the results	99.792
		248.363
Tax receivable	4.465.061	654.825
Cash and equivalent to cash	25.701.618	22.932.001
Total current assets	255.697.771	192.924.276
Total assets	285.492.034	220.647.992
Equity
Share capital	25.187.064	25.187.064
Reserves	38.130.050	32.881.649
Equity attributable to shareholders	63.317.114	58.068.713
Minority interest	(504.526) (46.577)
Total equity	62.812.588	58.022.136
Liabilities
Long term loans	5.486.974	7.655.179
Deferred taxation	1.448.659	1.254.364
Contigent liabilities	436.529	636.529
Total long term liabilities	7.372.162	9.546.072
Trade and other creditors	96.842.774	65.746.429
Bank overdrafts	49.286.099	42.671.787
Short term loans	39.611.692	21.682.785
Current installments of long term loans	5.531.959	7.679.363
Debit notes	22.946.661	13.514.478
Tax payable
	825.099	1.279.986
Contingent liabilities	200.000	504.956
Total current liabilities		215.244.284 153.079.784
Total liabilities		222.616.446 162.625.856
Total equity and liabilities	285.429.034 220.647.992