Adaminco Secretarial Limited Secretary of Logicom Public Limited. 0045/ /en Half-Yearly Financial Report LOGICOM PUBLIC LTD LOG

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Ruth Barrett
5 years ago
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1 0045/ /en HalfYearly Financial Report LOGICOM PUBLIC LTD Approval of the HalfYearly Financial Report by the Board of Directors It is hereby announced that at its meeting of 26/07/2018, the Company's Board of Directors approved the HalfYearly Report of The information provided in the Report has not been audited by the Company's auditors. The Financial Report will not be sent to the shareholders but the Consolidated Statement of Profit and Loss and Other Comprehensive Income will be published in "Politis" newspaper on 28/07/2018 and in "Simerini" and "Phileleftheros" newspapers on 29/07/2018. The full text of the HalfYearly Financial Report will be available, free of charge, at the Company's registered office (3 Zenonos Sozou Str., 3105, P.O.Box 51094, 3501 Limassol, Tel.: , Fax: , and the Company's Administration Offices (26 Stasinou Str., Agia Paraskevi, 2003 Strovolos, Nicosia. P.O.Box: 23472, 1683 Nicosia. Tel.: , Fax: ) and is posted on the websites of the Company ( and the Cyprus Stock Exchange ( Adaminco Secretarial Limited Secretary of Logicom Public Limited LOG Attachment: 1. HalfYearly Results Regulated Publication Date: 31/07/2018

2 CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME 30 June June 2017 Year ended 31 December 2017 Sales Cost of sales ( ) ( ) ( ) Gross profit Other income Administrative expenses ( ) ( ) ( ) Other expenses ( ) Profit from operating activities Net foreign exchange profit Interest receivable Interest payable and bank expenses ( ) ( ) ( ) Net finance cost ( ) ( ) ( ) Share in profit from affiliates after taxation Share of profit / (loss) of jointly controlled companies and partnership net of taxation ( ) ( ) Profit before taxation Taxation ( ) ( ) ( ) Profit for the period/year Other comprehensive expenses not to be reclassified to profit or loss in future periods Surplus from revaluation of land and buildings Deferred taxation resulting from revaluation of land and buildings Other comprehensive income to be reclassified to profit or loss in future periods Increase in fair value from revaluation of investments in shares available for sale Exchange difference from translation and consolidation of financial statements from foreign operations ( ) ( ) Exchange difference in relation to the offset of net investment in a foreign operation ( ) Other comprehensive income/(expenses) for the period/year ( ) ( ) Total comprehensive income for the period/year Profit for the period/year attributable to: Shareholders of the Company Noncontrolling interest (71.369) ( ) Profit for the period/year 13, Total comprehensive income for the period/year attributable to: Shareholders of the Company Noncontrolling interest (71.369) ( ) Total comprehensive income Basic earnings per share cents Fully diluted earnings per share cents

3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at 30 June June December 2017 ASSETS Property, plant and equipment Intangible assets and goodwill Investments in associated companies Investments available for sale Trade and other debtors Deferred taxation Total noncurrent assets Inventories Trade and other debtors Investments at fair value through profit and loss Tax receivable Cash and cash equivalents Total current assets Total assets Equity Share capital Reserves Equity attributable to the shareholders of the Company Noncontrolling interest ( ) ( ) Total equity Liabilities Longterm loans Trade and other creditors Deferred taxation Contingent liabilities Total longterm liabilities Trade and other creditors Bank overdrafts Shortterm loans Current portion of longterm loans Promissory notes Financial derivatives Tax payable Contingent liabilities Total current liabilities Total liabilities Total equity and liabilities

4 CONSOLIDATED STATEMENT OF CASH FLOWS 30 June June 2017 Cash flow from operating activities Profit for the period/year Adjustments for: Various exchange differences ( ) Depreciation Depreciation from lease of assets Interest payable Interest receivable ( ) ( ) Share in profit from associated companies ( ) Share of (profit) / loss of jointly controlled companies and partnership (52.022) Change in fair value of financial derivatives ( ) Gain on sale of property, plant and equipment (2.193) (12.847) Charge to profit or loss for provisions Taxation (Increase) / decrease in inventories ( ) Increase in trade and other debtors ( ) ( ) Decrease in trade and other creditors ( ) ( ) ( ) ( ) Interest paid ( ) ( ) Tax paid ( ) ( ) Net cash flow for operating activities ( ) ( ) Cash flow for investing activities Proceeds from sale of property, plant and equipment Payments for purchase of investments in associated companies ( ) Decrease in provisions (40.000) Payments for purchase of property, plant and equipment ( ) ( ) Interest received Net cash flow for investing activities ( ) ( ) Cash flow from financing activities Proceeds from new loans Repayment of loans ( ) ( ) Increase in promissory notes ( ) Proceeds from financial derivatives Net cash flow from financing activities Net flow in cash and cash equivalents ( ) Cash and cash equivalents at beginning of period ( ) ( ) Cash and cash equivalents at end of period ( ) ( )

5 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Share Capital Share premium Revaluation Reserve Reserve at fair value Difference from conversion of share capital into Euro Hedge Statutory Translation Retained earnings Total Noncontrolling interest 1 January ( ) ( ) Total comprehensive income Profit for the period (71.369) Other total comprehensive income ( ) ( ) ( ) Transfer Revaluation realised through use (732) (33.390) June ( ) ( ) ( ) January ( ) ( ) ( ) Total comprehensive income Profit for the period Other total comprehensive income ( ) Transfer to retained earnings ( ) Revaluation realised through use (14.422) June ( ) ( ) ( ) ( ) Companies which do not distribute 70% of their profits after tax, as defined by the Special Contribution for the Defence of the Republic Law, during the period of the two years after the end of the year of assessment to which the profits refer, will be deemed to have distributed this amount as dividend. Special contribution for defence of 17% will be payable on such deemed dividends to the extent that the shareholders at the end of the period of the two years from the end of the year of assessment to which the profits refer are Cyprus tax residents and Cyprus domiciled. The amount of deemed dividend distribution is reduced by any actual dividends paid out of the profits of the relevant year at any time. This special contribution for defence is payable by the Company for the account of the shareholders. Retained earnings is the only that is available for distribution Total

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS Consolidated Income Statement 35 Consolidated Statement of Comprehensive Income 36 Consolidated Statement of Financial Position 37 Consolidated Statement of Changes In Equity 38 Consolidated