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Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Interim Financial Statements for the Period 01.01.2016 To

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Folli-Follie Commercial Manufacturing and Technical Societe Anonyme Interim Financial Statements for the Period 01.01.2016 To “FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME” REG. NO.: 3027701000 23RD KM ATHENS – LAMIA HIGHWAY 145 65, AG. STEFANOS, ATTICA INTERIM FINANCIAL STATEMENTS ΕΞΑΜΗΝΙΑΙΑ ΟΙΚΟΝΟΜΙΚΗ ΕΚΘΕΣΗ FOR THE PERIOD 01.01.2016 TO 30.06.2016 ΤΗΣ ΠΕΡΙΟΔΟΥ ΑΠΟ 01.01.2014 ΕΩΣ 30.06.2014 According to International Financial Reporting Standards Σύμφωνα με τα Διεθνή Πρότυπα Χρηματοοικονομικής (IFRS) Αναφοράς (ΔΠΧΑ) (IAS 34) (Δ.Λ.Π. 34) The attached interim financial statements for the period 01.01.2016 – 30.06.2016 were approved by the Company’s Board of Directors on September 12th of 2016 and were published by being posted in the Internet, at www.ffgroup.com. WorldReginfo - f205a615-664a-4035-a365-e76309bc1d9d Table of Contents A. Statement of the Board of Directors ................................................................................................... 4 B. Directors’ Management Report for the period 01.01.2016 – 30.06.2016 ........................................ 5 C. Auditor’s review report on interim financial statements ............................................................... 16 D. Interim Financial Statements for the period 01/01/2016 to 30/06/2016 ........................................ 17 1. Statements of Financial Position for the Group and the Company .............................................. 17 1.1 Statement of Financial Position of the Group ......................................................................................... 17 1.2 Statement of Financial Position of the Company ................................................................................... 18 2. Statement of Comprehensive Income for the Group and the Company ...................................... 19 2.1 The Group .................................................................................................................................................... 19 2.2 The Company .............................................................................................................................................. 20 3 Statement of Changes in Equity for the Group and the Company ............................................... 21 3.1 The Group ...................................................................................................................................... 21 3.2 The Company ................................................................................................................................. 22 4 Cash Flow Statement (For the Group and the Company) ............................................................. 23 E. Information about the Group ........................................................................................................... 24 1. General Information .......................................................................................................................... 24 1.1 Group Structure ............................................................................................................................ 24 2 Important accounting policies applied by the Group / New standards and Interpretations ...... 25 2. 1. Consolidation ................................................................................................................................... 26 2.2.1. Subsidiaries .................................................................................................................................... 26 2.1.2. Associates ....................................................................................................................................... 27 2.1.3. Currency converter ....................................................................................................................... 27 3 Financial Information per segment .................................................................................................. 28 4 Own used tangible assets – Investments in real property (For the Group and the Company) .. 30 5 Intangible assets (For the Group and the Company) ..................................................................... 32 6 Investments in related entities........................................................................................................... 34 7 Other long term Assets ...................................................................................................................... 34 8 Inventories .......................................................................................................................................... 34 9 Trade Receivables and other Current Assets .................................................................................. 35 10 Cash and cash equivalent .................................................................................................................. 35 11 Borrowings .......................................................................................................................................... 36 12 Retirement Benefit Liabilities – Retirement benefit due to service exit ....................................... 36 13 Long Term liabilities .......................................................................................................................... 36 14 Other Long Term Liabilities ............................................................................................................. 39 15 Trade and other Liabilities ................................................................................................................ 39 INTERIM FINANCIAL STATEMENTS 2 ST TH PERIOD JANUARY 1 TO JUNE 30 2016 WorldReginfo - f205a615-664a-4035-a365-e76309bc1d9d 16 Current Income tax and current tax liabilities................................................................................ 39 17 Deferred Income Tax ......................................................................................................................... 40 18 Revenues ............................................................................................................................................. 41 19 Other Income ...................................................................................................................................... 41 20 Administrative and Selling Expenses ............................................................................................... 42 21 Other Expenses ................................................................................................................................... 43 22 Financial Income - Expenses ............................................................................................................. 43 23 Related party transactions ................................................................................................................ 44 24 Probable Obligations and unavoidable commitments .................................................................... 45 25 Number of employed personnel ........................................................................................................ 45 26 Post Balance Sheets Events ............................................................................................................... 45 F. Data and Information for the period 01 January to 30 June 2016 ................................................ 46 G. Report for Funds Raised ................................................................................................................... 47 H. Reports of rights issue proceeds from share capital increase in cash ........................................... 49 INTERIM FINANCIAL STATEMENTS 3 ST TH PERIOD JANUARY 1 TO JUNE 30 2016 WorldReginfo - f205a615-664a-4035-a365-e76309bc1d9d A. Statement of the Board of Directors (According to the law 3556/2007, as modified with the law 4374/2016) Under the aforementioned status, especially being assigned for this purpose by the Board of Directors of the Societe Anonyme under the name “FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME”, from now on called “FF Group”. Dimitrios Koutsolioutsos, Chairman – Executive Member of the Board of Directors George Koutsolioutsos, CEO – Executive Member of the Board of Directors Emmanouil Zachariou, – Deputy CEO - General Manager, Executive Member of the Board of Directors We declare and confirm that, to the best of our knowledge: (i): The first half 2016 Financial Report, which has been conducted in accordance with the International Accounting Standards in effect, gives a true and fair view of the assets, liabilities, equity and financial results of the Company and the Group, as well as of the companies that are included in the consolidation taken as a whole, in accordance with § 3-5 of article 5 of Law 3556/2007. (ii): The first half 2016 report of the Board of Directors truthfully reflects the required information, in accordance with § 6 of article 5 of Law 3556/2007. Agios Stefanos, September 12th, 2016 The members of the Board of Directors: Chairman – Executive Member of the Board of Directors Dimitrios Koutsolioutsos CEO – Executive Member of the Board of Directors George Koutsolioutsos Deputy CEO - General Manager, Executive Member of the Board of Directors Emmanouil Zachariou INTERIM FINANCIAL STATEMENTS 4 ST TH PERIOD JANUARY 1 TO JUNE 30 2016 WorldReginfo - f205a615-664a-4035-a365-e76309bc1d9d B. Directors’ Management Report for the period 01.01.2016 – 30.06.2016 Dear Shareholders, The present Board of Directors’ Financial Report for the period 01.01.2016- 30.06.2016 was prepared
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