Mallouppas & Papacostas Public CO LTD

Consolidated profit and loss account for the year ended December 31, 2013

		2013	2012
		€	€
Administration fees		1.961.805	2.503.907
Credit dividends from subsidiaries		54.017	147.290
Credit interests from loans to subsidiaries		283.662	275.501
Other income		136.723	20.481
Other losses-net		(996.332)	-
		1.439.875	2.947.179
Administrative expenses		(2.008.048)	(2.493.519)
Finance cost		(549.138)	(548.292)
Loss before taxation		(1.117.311)	(94.632)
Taxation		(6.597)	(135)
Loss for the year		(1.123.908)	(94.767)
Loss per share attributable to shareholders
Of the Company (cents)	(2,60)	(0,22)

CONSOLIDATED BALANCE SHEET AS AT DECEMBER 31, 2013	2013	2012
	€	€

Assets
Non current assets Plant and equipment	216.913	260.511
Intangible assets	9.624	8.494
Investments in subsidiaries Financial assets available for sale	30.581.931 92.691	35.022.923 70.191
	30.901.159	35.362.119
Current assets
Loans receivable Debtors	6.787.345	4.898.770
Tax refundable Cash and deposits to banks	666.346	2.277.624
	1.378	-
	343.489	573.965
Total assets	7.798.558 38.699.717	7.750.359 43.112.478
Equity and liabilities
Capital and reserves Share capital	14.691.694	14.691.694
Difference from conversion of share capital in euros	74.335	74.335
Share premium	5.473.301	5.473.301
Other reserves	507.191	3.052.634 7.476.920
Retained profits	6.353.012
Total equity	27.099.533	30.768.884
Non short term liabilities Borrowing	256.097	363.905
Deferred tax liabilities	8.341	4.488
	264.438	368.393
Short term liabilities	656.912	902.847
Creditors		11.072.354
Borrowing	10.678.834	11.975.201
	11.335.746
Total liabilities	11.600.184	12.343.594
Total equity and liabilities	38.699.717	43.112.478