2014_q2_en_eur_con_00
2014_q2_en_eur_con_00 2014_q2_en_eur_con_00
AS Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6 months of 2014 Consolidated Statement of Financial Position in thousands of EUR Note 30.06.14 31.12.13 ASSETS Current assets Cash and cash equivalents 17 521 19 165 Prepayments 266 196 Trade and other receivables 2 15 225 10 846 Inventories 3 27 645 24 873 Total current assets 60 657 55 080 Non-current assets Investments in associates 124 124 Available-for-sale investments 515 497 Deferred tax asset 698 460 Intangible assets 757 719 Investment property 1 630 1 592 Property, plant and equipment 4 17 622 18 157 Total non-current assets 21 346 21 549 TOTAL ASSETS 82 003 76 629 LIABILITIES AND EQUITY Current liabilities Current borrowings 72 79 Trade and other payables 5 12 618 10 837 Tax liabilities 5 398 905 Total current liabilities 18 088 11 821 Non-current liabilities Deferred tax liability 236 1 953 Total non-current liabilities 236 1 953 Total liabilities 18 324 13 774 Equity Share capital 6 11 820 11 820 Share premium 13 822 13 822 Treasury shares 6 -876 -224 Statutory reserve capital 1 306 1 306 Unrealised exchange rate differences -1 211 -1 215 Retained earnings 29 557 26 861 Total equity attributable to equity holders of the Parent company 54 418 52 370 Non-controlling interest 9 261 10 485 Total equity 63 679 62 855 TOTAL EQUITY AND LIABILITIES 82 003 76 629 11
AS Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6 months of 2014 Consolidated Income Statement in thousands of EUR Note 2Q 2014 2Q 2013 6m 2014 6m 2013 Revenue 8 27 565 36 888 54 660 68 947 Cost of goods sold -17 806 -23 691 -35 495 -45 564 Gross Profit 9 759 13 197 19 165 23 383 Distribution expenses -3 647 -4 141 -7 593 -8 385 Administrative expenses -1 842 -1 746 -3 466 -3 404 Other operating income 70 126 391 434 Other operating expenses -332 -769 -641 -1 158 Operating profit 4 008 6 667 7 856 10 870 Currency exchange income/(expense) -362 -591 -640 -595 Other finance income/(expenses) 49 151 249 408 Net financial income -313 -440 -391 -187 Profit (loss) from associates using equity method -8 16 1 8 Profit before tax and gain/(loss) on net monetary position 3 687 6 243 7 466 10 691 Income tax expense -1 200 -1 360 -2 814 -2 655 Profit before gain/(loss) on net monetary position 2 487 4 883 4 652 8 036 Gain on net monetary position 955 -382 981 299 Profit for the period 3 442 4 501 5 633 8 335 Attributable to : Equity holders of the Parent company 3 135 4 089 5 025 7 616 Non-controlling interest 307 412 608 719 Earnings per share from profit attributable to equity holders of the Parent company, both basic and diluted (EUR) 7 0.08 0.10 0.13 0.19 Consolidated Statement of Comprehensive Income in thousands of EUR Note 2Q 2014 2Q 2013 6m 2014 6m 2013 Profit for the period 3 442 4 501 5 633 8 335 Exchange rate differences attributable to foreign operations 1 199 -756 0 -713 Total comprehensive income for the period 4 641 3 745 5 633 7 622 Attributable to : Equity holders of the Parent company 4 183 3 453 5 029 7 015 Non-controlling interest 458 292 604 607 12
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AS Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6 months of <strong>2014</strong><br />
Consolidated Statem<strong>en</strong>t of Financial Position<br />
in thousands of EUR Note 30.06.14 31.12.13<br />
ASSETS<br />
Curr<strong>en</strong>t assets<br />
Cash and cash equival<strong>en</strong>ts 17 521 19 165<br />
Prepaym<strong>en</strong>ts 266 196<br />
Trade and other receivables 2 15 225 10 846<br />
Inv<strong>en</strong>tories 3 27 645 24 873<br />
Total curr<strong>en</strong>t assets 60 657 55 080<br />
Non-curr<strong>en</strong>t assets<br />
Investm<strong>en</strong>ts in associates 124 124<br />
Available-for-sale investm<strong>en</strong>ts 515 497<br />
Deferred tax asset 698 460<br />
Intangible assets 757 719<br />
Investm<strong>en</strong>t property 1 630 1 592<br />
Property, plant and equipm<strong>en</strong>t 4 17 622 18 157<br />
Total non-curr<strong>en</strong>t assets 21 346 21 549<br />
TOTAL ASSETS 82 <strong>00</strong>3 76 629<br />
LIABILITIES AND EQUITY<br />
Curr<strong>en</strong>t liabilities<br />
Curr<strong>en</strong>t borrowings 72 79<br />
Trade and other payables 5 12 618 10 837<br />
Tax liabilities 5 398 905<br />
Total curr<strong>en</strong>t liabilities 18 088 11 821<br />
Non-curr<strong>en</strong>t liabilities<br />
Deferred tax liability 236 1 953<br />
Total non-curr<strong>en</strong>t liabilities 236 1 953<br />
Total liabilities 18 324 13 774<br />
Equity<br />
Share capital 6 11 820 11 820<br />
Share premium 13 822 13 822<br />
Treasury shares 6 -876 -224<br />
Statutory reserve capital 1 306 1 306<br />
Unrealised exchange rate differ<strong>en</strong>ces -1 211 -1 215<br />
Retained earnings 29 557 26 861<br />
Total equity attributable to equity holders of the<br />
Par<strong>en</strong>t company 54 418 52 370<br />
Non-<strong>con</strong>trolling interest 9 261 10 485<br />
Total equity 63 679 62 855<br />
TOTAL EQUITY AND LIABILITIES 82 <strong>00</strong>3 76 629<br />
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