Mallouppas & Papacostas Public CO LTD

Quarterly Report • Aug 30, 2016

UNAUDITED CONDENSED INTERIM CONSOLIDATED PROFIT AND LOSS ACCOUNT

	Half year ended
	30 June 2016	30 June 2015
	€	€
Turnover	17.248.820	16.314.368
Cost of sales	(10.220.826)	(9.801.275)
Gross profit	7.027.994	6.513.093
Other income	92.443	208.016
Other profit/(loss) – net	(198.883)	16.604
Administrative expenses Selling and marketing expenses	(1.165.524) (5.729.972)	(1.165.368) (5.363.062)
Profit from operations	26.058	209.283
Finance cost	(209.024)	(356.464)
Loss before taxation	(182.966)	(147.181)
Taxation	(2.200)	(2.634)
Loss for the period	(185.166)	(149.815)
Attributable to:
Company's shareholders	(184.080)	(148.661)
Minority interest	(1.086)	(1.154)
	(185.166)	(149.815)
Loss per share attributable to the Company's shareholders (cent per share): Basic and fully diluted	(0.43)	(0.34)

UNAUDITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF TOTAL INCOME

(165.166) 250 7.930	€ (149.815) 681 (9.531)
€
30 June 2016	30 June 2015
Half year ended

UNAUDITED CONDENSED INTERIM BALANCE SHEET

	30 June 2016	31 December 2015
	€	€
ASSETS
NON CURRENT ASSETS
Property, plant and equipment	7.250.029	7.765.392
Intangible assets	46.587	47.883
Investment in property	19.824.559	19.824.559
Financial assets available for sale	103.713	95.783
	27.224.888	27.733.617
CURRENT ASSETS
Stock-Finished products	6.249.923	4.517.488
Stock- Property for trading and development	2.839.347	2.839.347
Trade and other receivables	2.649.931	2.196.838
Cash available and cash equivalents	244.600	1.462.999
	11.983.801	11.016.672
TOTAL ASSETS	39.208.689	38.750.289
EQUITY AND LIABILITIES
CAPITAL AND RESERVES
Share capital	14.691.694	14.691.694
Reserves	4.017.740	4.193.640
Equity attributable to the Company's shareholders	18.709.434	18.885.334
Minority interest	345.831	346.917
Total equity	19.055.265	19.232.251
NON-CURRENT LIABILITIES
Borrowing	5.773.156	6.698.635
Deferred tax liabilities	1.110.227	1.110.227
	6.883.383	7.808.862
CURRENT LIABILITIES
Bank overdrafts	5.961.746	4.977.477
Borrowings	1.818.217	1.691.324
Trade and other creditors	5.488.841	5.038.770
Current tax liabilities	1.237	1.605
	13.270.041	11.709.176
Total liabilities	20.153.424	19.518.038
TOTAL EQUITY AND LIABILITIES	39.208.689	38.750.289

UNAUDITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

	Half year ended
	30 June 2016 €	30 June 2015 €
Cash flow from operations prior to the changes in working capital	779.413	734.575
Changes in working capital
Stock	(1.732.435)	(691.156)
Trade and other receivables	(453.093)	(624.645)
Trade and other creditors	450.071	(677.690)
Cash flow from operations	(956.044)	(1.258.916)
Interest paid	(209.024)	(337.938)
Tax paid	(2.568)	10.370
Net cash flow from operations	(1.167.636)	(1.586.484)
Cash flow from investing activities
Interest collected	-	79
Payments for the purchase of property, plant and equipment	(249.246)	(891.228)
Payments for the purchase of intangible assets	(8.202)	(20.105)
Receipts from the sale of assets	21.002	51.841
Net cash flow from/(for) investing activities	(236.446)	(859.413)
Cash flow used for financing activities
Repayment of long-term loans	(798.586)	(546.963)
Net (decrease)/increase in cash and cash equivalents	(2.202.668)	(2.992.860)
Cash and cash equivalents at beginning of period	(3.514.478)	(2.582.611)
Cash and cash equivalents at end of period	(5.717.146)	(5.575.471)
Cash and cash equivalents comprise:
Cash in hand and at bank	244.600	312.589
Bank overdrafts	(5.961.746)	(5.888.060)
	(5.717.146)	(5.575.471)