Logicom Public LTD — Interim / Quarterly Report 2013

Nov 5, 2013

	Period from	Period from	YEAR EN DED DECEMBER 31
	January 1 to September 30,	January 1 To September 30,
			2012
	2013 €	2012 €	€
Sales	352.599.299	341.882.446	458.963.509
COST OF SALES	(325.464.167)	(313.433.903)	(420.900.420)
Gross profit	27.135.132	28.448.543	38.063.089
Other income	639.825	642.627	1.287.328
Administrative expenses	(21.167.213)	(22.476.832)	(29.775.814)
Profit from operating activities	6.607.744	6.614.338	9.574.603
Exchange difference	202.781	(312.510)	(346.642)
INTERESTS RECEIVABLE INTERESTS PAYABLE AND BANK EXPENSES	561.035 (4.256.733)	1.035.016 (4.092.908)	1.318.480 (5.606.343)
Net finance cost	(3.492.917)	(3.370.402)	(4.634.505)
Share of profit of associated company after taxation	(65.285)	(1.236)	21.319
	3.049.542	3.242.700	4.961.417
Depreciation of investments available for sale	-	-	(2.000.000)
Profit before taxation	3.049.542	3.242.700	2.961.417
Taxation	(293.457)	(215.953)	(901.530)
Profit for the period	2.756.086	3.026.747	2.059.887
Other total income Exchange differences in relation to foreign activities Exchange difference in relation to offset of net investment	(741.409)	3.252.923	(906.006)
abroad Deferred taxation from	698.152	(21.518)	365.355
net exchange differences in relation to foreign investments Deferred taxation from revaluation of	12.137	(25.170)	(12.301)
land and building Net change in fair value of investments	7.601	56.148	10.134
available for sale	(106.151)	-	249.44 0
	(129.670)	3.262.383	(293.378)
TOTAL INCOME FOR THE PERIOD	2.626.416	6.289.130	1.766.509
Profit attributable to:
SHAREHOLDERS OF THE COMPANY	2.7 82.200	3.027.241	2.039.947
Minority interest	(26.114)	(494)	-
	2.756.086	3.026.747	2.039.947
Total income attributable to:

SHAREHOLDERS OF THE COMPANY	2.652.530	6.289.624	1.746.569
Minority interest	(26.114)	(494)	-
	2.626.416	6.289.130	1.746.569
Earnings per share	3,76 cents	4,09 cents	2.75 cents
Fully diluted earnings per share	3,76 cents	4,09 cents	2.75 cents

	September 30	December 31
	2013	2012
	€	€
Assets
Property, plant and equipment	12.121.495	10.739.564
Intangible assets	9.217.733	9.285.270
Investments at fair value via the results	3.259	3.259
Investments available for sale	2.638.875	2.547.545
Deferred taxation	2.025.716	2.027.417
Total non-current assets	26.007.078	24.603.055
Stock	51.048.638	43.460.726
Tax refundable	1.168.169	349.604
Investments at fair value via the results	231.011	14.388
Trade and other debtors	105.218.593	109.880.355
Cash and cash equivalent	24.940.653	31.880.357
Total current assets	182.607.064	185.585.430
Total assets attributable to
shareholders of the Company	208.614.142	210.188.485
Equity
Share capital	25.187.064	25.187.064
Reserves	31.525.368	29.984.032
Total equity attributable to shareholders
of the Company	56.712.432	55.171.096
Minority interest	23.572	49.686
Total equity	56.736.004	55.220.782
Liabilities
Long term loans	15.523.072	13.984.822
Deferred taxation	1.160.544	1.154.234
Provisions for liabilities	831.507	831.507
Total long term liabilities	17.515.123	15.970.563
Bank overdrafts	39.638.483	45.932.882
Short term loans	34.827.189	22.719.335
Current installments of long term loans	2.467.683	6.399.262
Tax payable	1.007.062	366.696
Trade and other creditors	55.631.796	62.974.009
Provisions for liabilities	790.802	604.956
Total short term liabilities	134.363.015	138.997.140

CONSOLDATED BALANCE SHEET AS AT SEPTEMBER 30, 2013

Total liabilities	151.878.138	154.967.703
Total equity and liabilities	208.614.142	210.188.485