Petrolina (Holdings) Public LTD

Consolidated balance sheet

December 31, 2012

	2012	2011
	€	€
Assets
Property, plant and equipment	104.077.067	90.393.548
Investment property	799.000	824.500
Goodwill	7.269.917	7.269.917
Investments presented with the method of
equity	3.987.789	3.273.589
Investments available for sale	687.647	86.529
Non current assets	116.821.420	101.848.083
Stock	18.864.690	18.120.148
Trade and other debtors	53.453.597	58.835.720
Tax refundable	81.505	-
Cash and equivalent to cash	7.746.887	7.961.149
Current assets	80.146.679	84.917.017
Total assets	196.968.099	186.765.100
Equity
Μshare capital	29.750.000	29.750.000
Difference from conversion of share capital in euros	150.525	150.525
Share premium	9.611.704	9.611.704
Revaluation reserve	34.301.602	34.593.520
Income reserve	40.499.326	41.194.802
Total equity	114.313.157	115.300.551
Liabilities
Long term loans	5.452.209	-
Guarantees of cylinders and gas stations	2.171.938	2.205.642
Deferred taxation	8.184.286	8.675.827
Non current liabilities	15.808.433	10.881.469
Bank overdrafts	37.826.327	25.209.984
Current installments of long term loans	720.000	-
Short term loans	21.080.111	26.110.105
Trade and other creditors	7.220.071	8.719.935
Taxation due	-	543.056
Current liabilities	66.846.509	60.583.080
Total liabilities	82.654.942	71.464.549
Total equity and liabilities	196.968.099	186.765.100

	2012 €	2011 €

Sales via gas stations to trade customers Sales to other fuel companies	397.714.414 68.178.823	396.769.983 69.281.402
Turnover		465.893.237 466.051.385
Cost of sales Gross profit	(430.068.705) 35.824.532	(428.739.639) 37.311.746
Other operating income Other operating expenses Selling and distribution expenses Administrative expenses Bad debt provisions Profit from operations	1.587.147 (250.000) (23.291.425) (4.656.617) (2.175.011) 7.038.626	2.612.555 (22.294.936) (4.519.960) (1.705.615) 11.403.790
Finance income Finance cost Net finance cost	1.021.865 (2.722.075) (1.700.210)	1.060.563 (2.502.525) (1.441.962)
Share of profit from investments presented with the equity method		714.200 1.718.077
Profit before taxation		6.052.616 11.679.905
Taxation Profit for the year	(624.210) 5.428.406	(896.975) 10.782.930
Other total income Regain in the value of investments available for sale Net loss from revaluation of land after deferred taxation	1.118 (291.918)	462 -
Other total income for the year	(290.800)	462
Total income of the year	5.137.606 10.783.392
Basic and fully diluted earnings per share (cent)	6,20	12,32
Dividend		4.637.500 7.437.500