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
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