Attica Funds Plc 2009 Final Results
By Attica Funds Plc, PRNEWednesday, June 2, 2010
LONDON, June 3, 2010 - In accordance with the Transparency Directive, Attica Funds Plc today
announces its audited results for the year ended 31 December 2009.
Income statement
For the year ended 31 December 2009
2009 2008
EUR EUR
Revenue - Interest
receivable 2,980,287 6,368,176
Cost of sales -
Interest payable (2,861,372) (6,246,590)
___________ ___________
Gross profit 118,915 121,586
Administrative expenses (21,016) (39,191)
___________ ___________
Operating profit 97,899 82,395
Other interest
receivable and similar
income 220 509
___________ ___________
Profit before taxation 98,119 82,904
Income tax (24,851) (14,616)
___________ ___________
Total comprehensive
income for the year 73,268 68,288
___________ ___________
The income statement has been prepared on the basis that all operations
are continuing operations
Statement of changes in equity
For the year ended 31 December 2009
Total Share capital Retained earnings
EUR EUR EUR
Balance at 1
January 2008 248,123 72,892 175,231
Total
comprehensive
income for
the year 68,288 - 68,288
_______ _______ _______
Balance at 1
January 2009 316,411 72,892 243,519
Total
comprehensive
income for
the year 73,268 - 73,268
_______ _______ _______
Balance at 31
December 2009 389,679 72,892 316,787
_______ _______ _______
Balance sheet
At 31 December 2009
2009 2008
EUR EUR EUR EUR
ASSETS
Non current assets
Loans and
receivables 94,689,000 100,000,000
Current assets
Trade and other
receivables 47,223 47,223
Cash and cash
equivalents 379,800 298,974
_______ _______
427,023 346,197
_______ _______
Total assets 95,116,023 100,346,197
LIABILITIES
Current
liabilities
Trade and other
payables (15,286) (51,198)
Current tax
liabilities (24,025) (15,965)
________ ________
(39,311) (67,163)
________ ________
Total assets less current
liabilities 95,076,712 100,279,034
NON CURRENT LIABILITIES
Interest-bearing
loans and
borrowings (94,687,033) (99,962,623)
____________ ____________
Net assets 389,679 316,411
____________ ____________
SHAREHOLDERS'EQUITY
Called up share
capital 72,892 72,892
Retained earnings 316,787 243,519
____________ ____________
Total equity 389,679 316,411
____________ ____________
Cash Flow Statement
For the year ended 31 December 2009
2009 2008
EUR EUR EUR EUR
Cash inflow
from
operating
activities
(note) 97,397 73,716
Taxation paid (16,791) (14,642)
________ ________
Net cash
generated
from operating
activities 80,606 59,074
Cash flows
from investing
activities
Interest
received 220 509
Receipts
from loan
repayment 5,311,000 -
_________ ________
Net cash
generated
from
investing
activities 5,311,220 509
Cash flows
from
financing
activities
Repayment
of long
term loan (5,311,000) -
___________ __________
Net cash
outflow
from
financing
activities (5,311,000) -
___________ __________
Net cash
increase in
cash and
cash
equivalents 80,826 59,583
Cash and cash
equivalents at
beginning of
period 298,974 239,391
___________ __________
Cash and cash
equivalents at
end of period 379,800 298,974
___________ __________
Reconciliation of operating
profit to net cash inflow
from operating activities 2009 2008
EUR EUR
Operating profit 97,899 82,395
Decrease in liabilities (502) (8,679)
______ _______
Cash inflow from operating
activities 97,397 73,716
______ _______
Notes to the financial information
For the year ended 31 December 2009
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 www.atticabank.gr/index.asp?a_id=1319 .
Contact details: Miss Triantafyllou, Tel: +30-210-366-9201,
Email: Triantafyllou.Polyxeni@atticabank.gr
Contact details: Miss Triantafyllou, Tel: +30-210-366-9201, Email: Triantafyllou.Polyxeni at atticabank.gr
Tags: Attica Funds Plc, June 3, London, United Kingdom
