Logicom Public LTD — Interim / Quarterly Report 2013

Jul 26, 2013

Period ended June 30, 2013

Sales 230.679.219 232.164.965 458.963.509 Cost of sales (212.643.500) (212.566.911) (420.900.420) Gross profit 18.035.719 19.598.054 38.063.089 Other income 470.437 317.363 1.287.328 Administrative expenses (14.165.802) (14.456.108) (29.775.814) Profit from operating activities 4.340.354 5.459.309 9.574.603 Exchange difference (284.519) (584.304) (346.642) Interests receivable 352.335 798.069 1.318.480 Interests payable and bank expenses (2.661.054) (2.813.840) (5.606.343) Net finance cost (2.593.238) (2.600.075) (4.634.505) Share of (loss)/ profit of associated company after taxation (91.883) 14.775 21.319 1.655.233 2.874.009 4.961.417 Depreciation of investments available for sale ‐ (2.000.000) ‐ Profit before taxation 1.655.233 2.874.009 2.961.417 Taxation (184.468) (171.369) (901.530) Profit for the period 1.470.765 2.702.640 2.059.887 Other total income Exchange difference in relation to foreign activities (184.449) (350.295) (906.006) Exchange differences in relation to offset of net investment abroad (264.228) (965.205) 365.355 Deferred taxation resulted from net exchange differences 16.011 (16.780) (12.301) Deferred taxation resulting from revaluation of land and building 5.067 37.432 10.134 Net change at fair value of investments available for sale (152.853) 249.440 ‐ (580.452) (1.294.848) (293.378) Total income for the period 890.313 1.407.792 1.766.509 Profit attributable to: Shareholders of the Company 1.5 07.518 2.696.730 2.039.947 Minority interest (36.753) 5.910 19.940 1.470.765 2.702.640 2.059.887 Total income attributable to: Shareholders of the Company 927.066 1.401.882 1.746.569 Minority interest (36.753) 5.910 19.940 890.313 1.407.792 1.766.509 Earnings per share 2.03 σεντ 3.64 σεντ 2.75 σεντ Fully diluted earnings per share 2,03 σεντ 3.64 σεντ 2.75 σεντ		Period from January 1 to June 30 2013	Period from January 1 to June 30 2012	Year ended December 31 2012
		€	€	€
	in relation to foreign activities

CONSOLIDATED BALANCE SHEET

June 30, 2013

	June 30	December 31
	2013	2012
	€	€
Assets
Property, plant and equipment	12.334.436	10.739.564
Intangible asset	9.240.233	9.285.270
Investments at fair value via the results	3.259	3.259
Investments available for sale	2.378.762	2.547.545
Deferred taxation	2.027.568	2.027.417
Total non current assets	25.984.258	24.603.055
Stock	52.703.702	43.460.726
Tax refundable	1.154.598	349.604
Investments at fair value via the results	192.177	14.388
Trade and other debtors	106.015.131	109.880.355
Cash available and equivalent	28.285.545	31.880.357
Total current assets	188.351.153	185.585.430
Total assets	214.335.411	210.188.485
Equity
Share capital	25.187.064	25.187.064
Reserves	30.911.097	29.984.032
Total equity attributable to
shareholders of the Company	56.098.161	55.171.096
Minority fees	12.933	49.686
Total equity	56.111.094	55.220.782
Liabilities
Long term loans	15.481.029	13.984.822
Deferred taxation	1.160.544	1.154.234
Provisions for liabilities	831.507	831.507
Total long term liabilities	17.473.080	15.970.563
Bank overdrafts	40.006.917	45.932.882
Short term loans	34.826.979	22.719.335
Current installments of long term loans	3.724.894	6.399.262
Tax payable	1.198.731	366.696
Trade and other creditors	60.202.914	62.974.009
Provisions for liabilities	790.802	604.956
Total short term liabilities	140.751.237	138.997.140
Total liabilities	158.224.317	154.967.703
Total equity and liabilities	214.335.411	210.188.485