Space Hellas S.A.

Interim / Quarterly Report • Nov 2, 2018

					SPACE HELLAS S.A. GEMI:375501000 Mesogion Av. 312 Ag. Paraskevi
the company, to gain access to the company's web site, where the financial statements can be downloaded, as well as the Auditor's Certificate.					Financial statement and information for the period 1 January 2018 to 30 June 2018 The following results and information, that arise from the financial statements, provide a general picture of the financial position and financial results of the SPACE HELLAS S.A. Thus we suggest the reader, before entering into any sort of investment decision or other transaction with
Prefecture Company's web site Date of approval by the Board of Directors Certified Auditor Accountant Auditing Company Type of Auditor's report	Ministry of Development, Department of Commerce http://www.space.gr 24 September 2018 Board of Directors Decisions Νο 3.340 Andreas G. Pournos (S.O.E.L. Reg. No 35081) PKF Euroauditing S.A. Without qualification				Board of Directors Manolopoulos Spyridon Mertzanis Ioannis Mpellos Christos Doulaveris Ioannis Mpellos Panagiotis Paparizou Anastasia Lagogiannis Georgios Patsouras Athanasios Chatzistamatiou Theodoros	Chairman, executive member CEO, executive member Vice President, non ececutive member Executive member Executive member Executive member Non Executive member Indipendent - non executive member Indipendent - non executive member
	1.1 STATEMENT OF FINANCIAL POSITION				1.4 CASH FLOW STATEMENT FOR THE YEAR
	GROUP		COMPANY			GROUP		COMPANY
(consolidated and non consolidated) Amounts in € thousand	30.06.2018 31.12.2017 30.06.2018				31.12.2017 (consolidated and non consolidated) Amounts in € thousand	01.01- 30.06.2018	01.01- 30.06.2017	01.01- 30.06.2018	01.01- 30.06.2017
ASSETS Property, plant and equipment Investment properties	16.050	16.319	16.026	16.292	Operating Activities : Profit before taxes (continued operations)	1.141	849	1.201	995
Intangible assets	0 1.748	0 1.751	0 1.747	0 1.749	Plus/Less adjustments for : Depreciation	594	518	591	516
Other non current assets Inventory	1.935 4.392	2.239 3.578	1.994 4.392	2.297 3.578	Impairment of tangible and intangible assets Provisions	594 155	0 287	594 155	0 287
Receivables (trade debtors) Other current assets	15.957 11.438	14.295 12.517	15.077 11.664	13.831 12.211	Foreign exchange differences	388	-399	386	-395
TOTAL ASSETS	51.520	50.699	50.900	49.958	Net (profit)/Loss from investing activities Interest and other financial expenses	31 1.218	-31 808	-894 1.215	-853 805
EQUITY AND LIABILITIES Share capital	6.973	6.973	6.973	6.973	Plus or minus for Working Capital changes: Decrease/(increase) in Inventories	-814	-1.072	-814	-1.072
Other components of equity Total equity attributable to owners of the parent (a)	8.026	7.695	7.764	7.216	Decrease/(increase) in Receivables	-2.615	952	-3.143	423
Non controlling interests (b)	14.999 2	14.668 2	14.737 -	14.189 -	(Decrease)/increase in Payables (excluding banks) Less:	-3.295	-3.604	-2.408	-2.822
Total Equity (c) = (a)+(b) Long term borrowings	15.001 11.424	14.670 9.800	14.737 11.424	14.189 9.800	Interest and other financial expenses paid Taxes paid	-1.043 -214	-678 -189	-1.040 0	-675 0
Long term provisions / Non current liabilities Short term borrowings	1.133 8.879	869 7.965	1.159 8.879	893 7.965	Total cash inflow/(outflow) from operating activities (a)	-3.860	-2.559	-4.157	-2.791
Other current liabilities	15.083	17.395	14.701		17.111 Cash flow from Investing Activities
Total Liabilities (d)	36.519	36.029	36.163	35.769	Acquisition of subsidiaries, associated companies, joint ventures and other investments	0	-1.003	0	-1.003
TOTAL EQUITY AND LIABILITIES (c)+(d)	51.520	50.699	50.900	49.958	Purchase of tangible and intangible assets Proceeds from sale of tangible and intangible assets	-683 5	-932 14	-683 5	-932 14
					Interest received Dividends received	36 0	51 0	36 420	51 250
	1.3 STATEMENT OF CHANGES IN EQUITY				Total cash inflow/(outflow) from investing activities (b)	-642	-1.870	-222	-1.620
(consolidated and non consolidated) Amounts in € thousand	GROUP 30.06.2018 30.06.2017 30.06.2018		COMPANY		30.06.2017 Cash flow from Financing Activities
Total equity in the beginning of the year (1/1/2018 and 1/1/2017 accordingly)	14.639	13.787	14.159		13.401 Proceeds from Borrowings	4.411	4.170	4.411	4.170
Total comprehensive income after taxes (continued and discontinued operations)	362	526	578		837 Payments of Borrowings	-1.874	-1.969	-1.874	-1.969
Increase / (Decrease) of Share Capital Cancellation of own shares	0	-3.422	0		-3.422 Total cash inflow/(outflow) from financing activities (c)	2.537	2.201	2.537	2.201
Other Changes	0 0	0 3.422	0 0	0 3.422	Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c)	-1.965	-2.228	-1.842	-2.210
Non controlling interests Total equity at the end of the year Total equity at the end of the period (30.06.2018 and 30.06.2017)	0 15.001	0 14.313	0 14.737		0 Cash and cash equivalents at beginning of period 14.238 Cash and cash equivalents at end of period	7.694 5.729	7.465 5.237	7.042 5.200	7.115 4.905
					1.2 STATEMENT OF COMPREHENSIVE INCOME
(consolidated and non consolidated) Amounts in € thousand			GROUP 01.01-	01.01-	COMPANY 01.01- 01.01-
Turnover			30.06.2018 27.641	30.06.2017 25.164	30.06.2018 30.06.2017 25.856 23.549
Gross Profit Profit before taxes, financing and investing activity			8.187 2.629	5.875 1.609	7.301 5.249 1.760 929
Profit before taxes Profit after taxes (A)			1.141	849	1.201 995
Owners of the parent -			638 638	548 548	855 854 855 854
Non controlling interests -			0 638	0 548	855 854
Other comprehensive income after taxes (B)			-276	-22	-277 -17
Total comprehensive income after taxes (A)+(B) Owners of the parent -			362 362	526 526	578 837 578 837
Non controlling interests -			0	0	0
Earnings (after taxes) per share - basic in € Profit before taxes, financing and investing activity and depreciation			0,0988 3.223	0,0849 2.127	0,1324 0,1323 2.351 1.445
The tax un-audited years of the Company and the Group are disclosed in note 4.6.28 of the half yearly financial report of 2018. There are no other disputed or under arbitration cases of national or administrative courts that may have a material effect on the financial position of the Company. situated at St. Gianniton-I.Kariofylli & Patr. Kyrrilou, Thessaloniki. 9. Note 4.3 of the half yearly financial report of 2018 refers to the comprehensive income after taxes for the company and the Group. 10. Intercompany transactions for the period from 1 January 2018 to 30 June 2018 according to I.A.S. 24 are as follows:					Additional information The shares of the company were listed on the Athens Stock Exchange on 29-9-2000. The earnings per share were calculated based on the weighted average number of ordinary shares in issue amounting to 6.456.530. The companies of the Group, the percentage ownership and the consolidation method for the ending period are disclosed in note 4.6.12 of the half yearly financial report of 2018. The company has formed a provision for the tax unaudited years in order to cover the possibility of additional taxes in case of a tax audit by the tax authorities(note 4.6.28). No other reserves are formed (note 4.6.26). There are no other real liens on non-current assets or property, except, at the Company level, the underwriting, amounting to € 1.200 thousand, on the property situated at 6 Loch. Dedousi St., Cholargos, Athens, and the underwriting amounting to € 4.000 thousand, on the property situated at 302 Ave. Mesogeion, Cholargos, Athens and, at the Group level, the underwriting, amounting to € 7.540 thousand, on the property situated at 312 Ave. Mesogeion, Cholargos, Athens, and the underwriting, amounting to € 1.200 thousand, on the property The personnel employed at 30-06-2018 for the Group amounted to 330 persons and for the Company amounted to 329 while as at 30.06.2017 amounted to 280 and 279 respectively. The same Accounting Policies have been followed as for the financial statements as at 31.12.2017 except for new standards and interpretations of mandatory application after 1st January 2018.
a) Sales of goods and services b) Purchases of goods and services		GROUP 1 2	COMPANY 927 2
c) Receivables from related parties d) Payables to related parties e) Key management compensations f) Receivables from key management		310 31 642 1	1.289 31 642 1
g) Payables to key management included in above		38	38		The company has guaranteed to financial institutions for bank credit limits for the subsidiary SPACE HELLAS (CYPRUS) Lt.d.up to the amount of € 41 thousand, through the issuance of letters of guaranty.
			Agia Paraskevi, 24 September 2018
CHAIRMAN OF THE BOARD OF DIRECTORS			CHIEF EXECUTIVE OFFICER		CHIEF FINANCIAL OFFICER AND EXECUTIVE MEMBER OF THE BOARD			CHIEF ACCOUNTANT AND EXECUTIVE MEMBER OF THE BOARD