Page 75 - GOLDAIR HANDLING APOLOGISMOS 2016

8.3 BALANCE SHEET AND INCOME STATEMENT 8.3 BALANCE SHEET AND INCOME STATEMENT

BALANCE SHEET at 31 DECEMBER 2016 STATEMENT OF INCOME BY FUNCTION

LIABILITIES 31/12/2016 31/12/2015 31/12/2016 31/12/2015

Equity Turnover (net) 59,028,620.48 54,581,207.14
Paid-up capital Cost of sales (52,676,301.47) (49,071,950.96)
Capital 8,014,825.50 8,014,825.50 Gross profit/(loss) 6,352,319.01 5,509,256.18
Total 8,014,825.50 8,014,825.50
Other operating income 3,467,153.08 2,914,972.12
Reserves and retained earnings
Statutory reserve 1,165,907.32 817,184.29 Administrative expenses (3,036,352.48) (2,795,494.58)
Retained earnings 4,267,609.45 947,068.39 Distribution costs (1,125,438.18) (1,053,726.45)
Total 5,433,516.77 1,764,252.68 Other expenses and losses (396,274.36) (281,258.05)
Gains & losses on disposal 130,592.85 133,157.08
Total equity 13,448,342.27 9,779,078.18 of non-current assets

Provisions Income from participating interests 337,500.00 469,587.00
Provisions for employee benefits 2,031,896.90 1,806,161.30 and investments
Total 2,031,896.90 1,806,161.30 Other income and gains 9,525.94 9,970.73
Earnings/(loss) before interests and tax (EBIT) 5,739,025.86 4,906,464.03
Liabilities
Non-current liabilities
Other non-current liabilities 5,052,096.49 6,087,698.07 Interest and similar income 252,305.50 38,920.00
Total 5,052,096.49 6,087,698.07
Interest expense and similar charges (1,037,080.79) (1,010,390.71)
Current liabilities Profit/(loss) before income tax 4,954,250.57 3,934,993.32
Short-term bank loans 7,550,000.00 9,449,999.59
Trade payables 3,218,383.23 4,458,183.42
Income tax 276,291.87 1,007,386.86 Income tax expense (1,284,986.48) (1,008,805.29)
Other taxes and duties 820,040.00 672,084.26 Profit/(loss) for the period net of tax 3,669,264.09 2,926,188.03
Social security organizations 1,722,028.74 1,561,791.89
Other payables 4,960,393.32 4,892,235.55
Accrued expenses 1,076,006.27 903,988.05
Deferred income 519,407.01 410,702.84
This Balance Sheet has been compiled with the euro unit (€).
Total 20,142,550.44 23,356,372.46

Total liabilities 25,194,646.93 29,444,070.53

Total Equity,
Provisions and Liabilities 40,674,886.10 41,029,310.01

75