LONDON, April 12, 2013 /PRNewswire/ --
In accordance with the Transparency Directive, Attica Funds Plc today announces its audited results for the year ended 31 December 2012.
Income statement
For the year ended 31 December 2012
2012 2011 EUR EUR Revenue - Interest receivable 3,230,790 3,824,725 Cost of sales - Interest payable (3,117,162) (3,708,021) Gross profit 113,628 116,704 Administrative expenses (17,171) (26,527) Operating profit 96,457 90,177 Other interest receivable and similar income 514 822 Profit on ordinary activities before taxation 96,971 90,999 Tax on profit on ordinary activities (22,459) (22,959) Total comprehensive income for the year 74,512 68,040 The Statement of Comprehensive Income has been prepared on the basis that all operations are continuing operations. There are no recognised gains and losses other than those passing through the Statement of Comprehensive Income.
Statement of changes in equity
For the year ended 31 December 2012
Total Share capital Retained earnings EUR EUR EUR Balance at 1 January 2011 463,105 72,892 390,213 Total comprehensive income for the year 68,040 - 68,040 Balance at 1 January 2012 531,145 72,892 458,253 Total comprehensive income for the year 74,512 - 74,512 Balance at 31 December 2012 605,657 72,892 532,765
Balance sheet
At 31 December 2012
2012 2011 EUR EUR EUR EUR ASSETS Non current assets Loans and receivables 94,689,000 94,689,000 Current assets Trade and other receivables 47,223 47,223 Cash and cash equivalents 594,045 519,307 641,268 566,530 Total assets 95,330,268 95,255,530 LIABILITIES Current liabilities Trade and other payables (14,420) (13,604) Current tax liabilities (21,191) (21,781) (35,611) (35,385) Total assets less current liabilities 95,294,657 95,220,145 NON CURRENT LIABILITIES Interest-bearing loans and borrowings (94,689,000) (94,689,000) Net assets 605,657 531,145 SHAREHOLDERS'EQUITY Called up share capital 72,892 72,892 Retained earnings 532,765 458,253 Total equity 605,657 531,145
Cash Flow Statement
For the year ended 31 December 2012
2012 2011 EUR EUR EUR EUR Cash inflow from operating activities (note) 97,273 93,488 Taxation paid (23,049) (23,091) Net cash generated from operating activities 74,224 70,397 Cash flows from investing activities Interest received 514 822 Net cash generated from investing activities 514 822 Net cash increase in cash and cash equivalents 74,738 71,219 Cash and cash equivalents at beginning of period 519,307 448,088 Cash and cash equivalents at end of period 594,045 519,307
Reconciliation of operating profit to net cash inflow from operating activities 2012 2011 EUR EUR Operating profit 96,457 90,177 Increase in liabilities 816 3,311 Cash inflow from operating activities 97,273 93,488
Notes to the financial information
For the year ended 31 December 2012
1 The results have been prepared in accordance with International Financial Reporting Standards ("IFRS"), International Financial Reporting Interpretations Committee ("IFRIC") interpretations as adopted by the European Union and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. It does not include all the information required for full annual accounts.
2 The financial information set out above does not constitute full statutory accounts of the Company. Full accounts for the Company for the year have been filed at Companies House, did not receive an unqualified auditors' report and did not contain a statement under Section 498 (2) or (3) of the Companies Act 2006.
3 The full accounts of the Company can be obtained from the parent company's website at http://www.atticabank.gr/index.asp?a_id=1319
Contact: Miss Triantafyllou, Tel: +30-210-3669201
Share this article