Mallouppas & Papacostas Public CO LTD

Profit and loss account for the year ended December 31, 2012

	2012	2011
	€	€
Administration fees	2.503.907	2.302.000
Selling and distribution expenses	(271.643)	(267.140)
Administrative expenses	(2.221.876)	(2.037.093)
Other income	443.272	162.223
Profit from operations	453.660	159.990
Finance cost	(548.292)	(334.547)
Loss before taxation	(94.632)	(174.557)
Taxation	(135)	309
Loss for the year	(94.767)	(174.248)
Loss per share attributable to shareholders
(cents per share)	(0,22)	(0,40)

CONSOLIDATED BALANCE SHEET AS AT DECEMBER 31, 2012	2012	2011
	€	€

Non current assets Plant and equipment	260.511	364.350
Intangible assets
Investments in subsidiaries	8.494 35.022.923	24.497
Financial assets available for sale	70.191	34.585.028 86.737
	35.362.119
		35.060.612
Current assets
Loans receivable	4.898.770	4.667.255
Debtors	2.277.624
Cash available and equivalent		815.410
	573.965
		32.094
	70750.359
		5.514.759
Total assets	43.112.478	40.575.371
Equity and liabilities
Capital and reserves	14.691.694	14.691.694
Share capital	74.335	74.335
Difference from conversion of share capital in euros	5.473.301	5.473.301
Share premium	3.052.634	2.631.285
Other reserves	7.476.920	7.571.688
Retained profits
Total equity	30.768.884	30.442.303
Non short term liabilities	363.905	199.413
Borrowing Deferred tax liabilities	4.488	6.963
	368.393	206.376

Short term liabilities Trade and other creditors	902.847	626.446 146.463
Current tax liabilities	-	9.153.783
Borrowing
	11.072.354	9.926.692
	11.975.201
Total liabilities	12.343.594	10.133.068
Total equity and liabilities	43.112.478	40.575.371