| ELL Real Estate group |
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INCOME STATEMENT
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in thousands of EUR |
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2008 |
2007 |
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| Sales |
37 094 |
38 260
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Cost of sales
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16 429
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22 300
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Gross profit
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20 666
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15 960
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Marketing expenses
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3 579
|
2 007
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| Administrative expenses |
4 799
|
4 180
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Other operating income
|
130 |
186 |
Other operating expenses
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36 752
|
347 |
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Operating profit
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-24 335
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9 612
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| Financial income and expenses |
18 087
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11 958
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Profit before taxes
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-6 248 |
21 569 |
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Income tax
|
849 |
1 041
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| Net profit for the period |
-7 097
|
20 528
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| profit attributable to equity holders |
-7 404
|
19 733 |
| minority interest |
307 |
795 |
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| ELL Real Estate Group |
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BALANCE SHEET
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in thousands of EUR |
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31.12.2008 |
31.12.2007 |
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| ASSETS |
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| Cash and cash equivalents |
7 918
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6 336
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| Short-term financial investments |
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0 |
0 |
| Receivables and prepayments |
7 582
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14 163
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| Inventories |
18 556
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21 220
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Non-current assets held for sale
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5
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| Total current assets |
34 061
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41 719
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| Shares in associated companies |
5 952
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3 546
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| Other long-term financial investments |
1 318
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1 601
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| Real estate investments |
243 291
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160 675
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| Tangible assets |
26 499
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94 717
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| Intangible assets |
1 964
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3 082
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| Total non-current assets |
279 023
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263 621
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TOTAL ASSETS
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313 084
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305 340
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| LIABILITIES |
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Raised loans
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58 661
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37 030
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| Liabilities and prepayments |
16 179
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20 520
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| Other short-term provisions |
178 |
256 |
| Total current liabilities |
75 018
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57 805
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| Long-term borrowings |
180 383
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185 306
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| Deferred income tax |
1 326
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1 015
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| Total non-current liabilities |
181 709
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186 321
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| TOTAL LIABILITIES |
256 727
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244 126
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| EQUITY |
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| Minority interests |
3 615
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2 880
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| Capital and reserves attributable the company's equity holders |
52 742
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58 334
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| Share capital |
6 391
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6 391
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| Mandatory legal reserve |
639 |
639 |
Unrealised exchange difference
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-490 |
-264 |
| Undistributed profit |
53 606
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31 835
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| Net profit for the financial year |
-7 404 |
19 733
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| TOTAL OWNER'S EQUITY |
56 357
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119 548
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| TOTAL LIABILITIES AND OWNER'S EQUITY |
313 084
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363 674
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