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