Mallouppas & Papacostas Public CO LTD

UNAUDITED PROFIT AND LOSS ACCOUNT

	Six months
	June 30 2014	June 30 2013
	€	€
Turnover	18.201.137	15.447.760
Cost of sales	(10.857.543)	(9.352.875)
Gross profit	7.343.594	6.094.885
Other income	389.081	271.072
Other losses - net	(1.221.406)	(52.657)
Administrative expenses	(1.022.706)	(1.046.863)
Selling and distribution expenses	(5.320.571)	(4.825.308)
Profit from operations	167.992	441.129

Finance cost	(417.631)	(436.019)
(Loss)/profit before taxation	(249.639)	5.110
Taxation	(299)	(10.974)
Loss for the period	(249.938)	(5.864)
Attributable to:
Shareholders of the Company	(248.857)	(4.777)
Minority interest	(1.081)	(1.087)
	(249.938)	(5.864)
Loss per share attributable to shareholders of the
company (cents)	(0,58)	(0,01)

	June 30	December 31
	2014	2013
ASSETS	€	€
NON CURRENT ASSETS
Property, plant and equipment	9.477.277	9.795.821
Intangible assets Investment property	50.566 25.323.128	65.100 26.560.328
Financial assets available for sale	107.099	92.721

	34.958.070	36.513.970
CURRENT ASSETS
Stock – Ready products	5.026.816	4.621.307
Stock – Property for trading and development	3.054.096	3.054.096
Trade and other debtors	2.120.720	1.416.584
Cash available and equivalent	2.277.584	5.776.165

	12.479.216	14.868.152

TOTAL ASSETS	47.437.286	51.382.122

EQUITY AND LIABILITIES
CAPITAL AND RESERVES
Share capital	14.691.694	14.691.694
Reserves	9.556.639	9.790.663
Equity attributable to shareholders
	24.248.333	24.482.357
Minority interest	350.092	351.173

Total equity	24.598.425	24.833.530

NON SHORT TERM LIABILITIES
Borrowing	9.021.096	10.004.207
Deferred tax liabilities	2.085.300	2.193.252

	11.106.396	12.197.459

SHORT TERM LIABILITIES Bank overdrafts	5.075.418	7.795.854
Borrowing	2.011.375	1.364.219
Trade and other creditors	4.488.267	5.112.923
Current tax liabilities	157.405	5.112.923
	11.732.465	14.351.133

Total liabilities	22.838.861	26.548.592

TOTAL EQUITY AND
LIABILITIES	47.437.286	51.382.122