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CONSOLIDATED PROFIT AND LOSS ACCOUNT

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									 CONSOLIDATED PROFIT AND LOSS ACCOUNT

 Period ended June 30, 2009



                                         Period from      Period from      Year ended
                                         January 1 to     January 1 to    December 31
                                        June 30 2009     June 30 2008         2008



                                             €                €                €


Sales                                    184.137.989       196.334.371     397.650.367
Cost of sales                           (170.761.429)    (182.076.747)    (367.507.483)

Gross profit                               13.376.560       14.257.624      30.142.884
Other income                                  223.557          157.858         294.991
Administrative expenses                   (9.798.621)      (8.917.826)     (18.739.713)

Profit from operations                      3.801.496        5.497.656      11.698.162

Exchange difference                          (85.705)        2.129.485      (1.710.445)
Interest receivables                          673.012          377.840       1.302.175
Interests payable and bank expenses       (1.685.073)      (2.213.684)      (4.698.872)

Net finance (cost)/income                 (1.097.766)          293.641      (5.107.142)

Profit before taxation                      2.703.730        5.791.297       6.591.020
Taxation                                    (198.880)        (786.963)        (704.320)

Profit for the period                       2.504.850        5.004.334       5.886.700

Earnings per share                          3,50 cents       6,99 cents      8,57 cents

Readjusted earnings per share
                                            3,50 cents       6,99 cents      8,55 cents
 CONSOLIDATED BALANCE SHEET

 June 30 2009

                                            June 30 2009      December 31
                                                                 2008


                                                 €                €


Assets
Property, plant and equipment                   7.767.051        7.953.913
Intangible asset                                  449.924          449.932
Investments in fair value via the results            57.093           57.093
Deferred taxation                                 251.230          187.491

Total non current asset                         8.525.298        8.648.429

Stock                                          35.953.596       48.133.861
Tax refundable                                    239.110          250.266
Trade and other debtors                        88.806.177       96.874.605
Cash and cash equivalents                      40.558.309       33.680.439

Total current assets                          165.557.192      178.939.171

Total assets                                  174.082.490      187.587.600

Equity
Share capital                                  24.357.870       24.357.870
Reserves                                       28.701.139       27.441.707

Total equity                                   53.059.009       51.799.577

Liabilities
Long term loans                                10.891.719       10.735.442
Deferred taxation                               1.091.032        1.091.032

Total long term liabilities                    11.982.751       11.826.474

Bank overdrafts                                40.903.882       55.672.294
Short term loans                                9.696.059       19.554.364
Current installments of long term loans         3.997.060        3.657.912
Tax payable                                          88.115        169.239
Trade and other creditors                      54.355.614       44.907.740

Total current liabilities                     109.040.730      123.961.549

Total liabilities                             121.023.481      135.788.023

Total equity and liabilities                  174.082.490      187.587.600

								
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