Logicom Public LTD — Interim / Quarterly Report 2015

May 15, 2015

LOGICOM PUBLIC LIMITED

CONSOLIDATED INCOME STATEMENT

	Period ended March 31, 2015 Period from Period from		Year ended
	1 January	1 January	31
	to 31	to 31 March	December
	Μarch 2015	2014	2014
	€	€	€
Sales	202.112.655	142.182.810	631.176.348
Cost of sales	(188.148.777)	(132.450.376)	(588.982.295)
Gross profit	13.963.878	9.732.434	42.194.053
Other income	50.481	165.434	1.013.367
Administrative expenses	(7.922.643)	(6.658.131)	(29.359.775)
Profit from operating activities	6.091.716	3.239.737	13.847.645
Exchange difference	(928.471)	2.965	(880.170)
Interests receivable	7.293	36.210	167.464
Interests payable and bank expenses	(1.806.951)	(1.478.425)	(5.668.824)
Καθαρά έξοδα χρηματοδότησης	(2.728.129)	(1.439.250)	(6.381.530)
Share of loss of associated company after
taxation	(129.416)	(143.143)	(1.205.601)
Profit before taxation	3.234.171	1.657.344	6.260.514
Taxation	(430.939)	(163.145)	(244.887)
Profit for the period	2.803.232	1.494.199	6.015.627
Other total income
Revaluation of investments in shares available for
sale	(8.985)	249.373	185.959
Exchange difference from conversion and consolidation of
financial statements of companies abroad	5.431.933	(752.021)	4.389.114
Exchange difference in relation to offset
net investment in a foreign operation	(4.231.960)	(3.944)	(3.941.794)
Deferred taxation from net
exchange differences in relation to foreign
operations	24.729	158	98.915
Deferred taxation emerging from
revaluation of land and building	(1.616)	33.220	(6.465)
Other total income/ (expenses) for the period after
taxation	1.214.101	(473.214)	725.729
Comprehensive total income for the period

after taxation	4.017.333	1.020.985	6.741.356
Profit attributable to:
Shareholders of the Company	2.847.545	1.544.970	6.473.576
Minority interest	(44.313)	(50.771)	(457.949)
	2.803.232	1.494.199	6.015.627
Comprehensive total income attributable to:
Shareholders of the Company	4.061.646	1.071.756	7.199.305
Minority interest	(44.313)	(50.771)	(457.949)
	4.017.333	1.020.985	6.741.356
Earnings per share	3,84 cents	2,09 cents	8,74 cents
Fully diluted earnings per share	3,84 cents	2,09 cents	8,74 cents

CONSOLIDATED BALANCE SHEET

March 31, 2015

	31 March	31 December
	2015	2014
	€	€
Assets
Property, plant and equipment Intangible asset	11.857.669 8.815.577	11.392.452 8.853.305
Investments available for sale	5.918.891	5.927.886
Deferred taxation	3.044.165	3.557.620
Total non current assets	29.636.302	29.731.263
Stock	75.802.265	60.857.033
Trade and other debtors	181.926.019	164.574.267
Investments in fair value via the results	99.792	99.792
Tax refundable	5.436.862	4.465.061
Cash and cash equivalent	13.615.254	25.701.618
Total current assets	276.880.192	255.697.771
Total assets attributable to
shareholders of the company	306.516.494	285.429.034
Equity
Share capital Reserves	25.187.064 42.148.999	25.187.064 38.130.050
Total equity attributable to shareholders of the
Comapny	67.336.063	63.317.114
Minority interest	(548.839)	(504.526)
Total equity	66.787.224	62.812.588
Liabilities
Long term loans Deferred taxation	6.302.919 950.370	5.486.974 1.448.659
Provisions for liabilities	436.529	436.529
Total long term liabilities	7.689.818	7.372.162
Trade and other creditors	97.082.137	96.842.774
Bank overdrafts Short term loans Current installments of long term loans Debit notes Tax payable	53.705.001 40.997.095 4.367.076 34.898.108 790.035	49.286.099 39.611.692 5.531.959 22.946.661 825.099
Provisions for liabilities	200.000	200.000
Total short term liabilities	232.039.452	215.244.284
Total liabilities	239.729.270	222.616.446
Total equity and liabilities	306.516.494	285.429.034