European Regional Development Fund
Jun
2012

Interim
Dec
2012

Year-End
Jun
2013

Interim
Dec
2013

Year-End
Jun
2014

Interim
Dec
2014

Year-End
Jun
2015

Interim
Dec
2015

Year-End
Jun
2016

Interim
Dec
2016

Year-End
Assets
Non Current Assets
Intangible Assets - - - - - - - - 15,322,888 14,306,655
Goodwill - - - - - - - - 2,184,152 2,873,598
Property, plant & equipment 5,125,213 5,064,529 5,141,086 8,330,709 19,127,550 23,341,986 24,052,081 24,048,115 34,499,534 34,254,781
Investment in associates & jointly controlled entities 1,272 - - - - - - - - -
Derivative assets - - - - - - - 1,176,437 - -
Deferred tax assets 4,230,172 4,315,046 4,253,011 4,577,440 4,521,188 4,062,971 3,312,325 3,503,852 3,354,232 8,837,098
Loans receivable - - - - - - - - - 1,272,321
Other non-current assets - - - - - 34,899,006 34,511,240 34,123,472 33,735,706 33,347,939
Total Non Current Assets 9,356,657 9,379,575 9,394,097 12,908,149 23,648,738 62,303,963 61,875,646 62,851,876 89,096,512 94,892,392
Current Assets
Inventories - 73,671 - - 158,401 - - - 340,324 1,266,371
Trade receivables 4,063,934 3,259,268 3,169,973 3,868,246 10,273,576 16,641,205 15,725,015 16,476,804 23,950,796 18,299,765
Income tax receivable - - - - - - - - 362 1,565
Other current assets - - - - - 775,533 775,533 775,533 775,533 775,533
Cash and cash equivalents 329,860 530,729 327,757 5,682,988 1,425,504 1,115,693 2,448,537 1,036,816 7,214,589 6,217,782
Total Current Assets 4,393,794 3,863,668 3,497,730 9,551,234 11,857,481 18,532,431 18,949,085 18,289,153 32,281,604 26,561,016
Total Assets 13,750,451 13,243,243 12,891,827 22,459,383 35,506,219 80,836,394 80,824,731 81,141,029 121,378,116 121,453,408
Equity
Share capital 2,329,370 2,329,370 2,329,370 2,500,000 2,500,000 2,500,000 2,500,000 4,500,000 5,374,441 5,374,441
Share premium account - - - - - - - - 12,003,829 12,003,829
Retained earnings 1,317,327 957,979 1,499,638 772,443 351,008 2,362,960 4,346,511 1,314,532 1,537,263 8,572,973
Other reserve/s 4,241,177 4,318,333 4,286,327 4,606,761 4,825,460 4,352,864 3,595,746 5,295,885 3,917,669 403,163
Non-controlling interest 446,142 345,167 339,964 277,819 327,370 257,096 380,751 11,883 203,000 53,588
Total Equity 8,334,016 7,950,849 8,455,299 8,157,023 8,003,838 9,472,920 10,823,008 11,122,300 23,036,202 26,407,994
Liabilities
Non Current Liabilities
Borrowings 1,021,006 943,214 764,577 12,552,853 20,897,978 21,137,818 22,482,911 22,404,045 52,527,079 52,056,568
Other liabilities - - - - - 34,899,006 34,511,240 34,123,472 33,735,706 33,347,939
Provisions 26,750 36,952 37,084 37,083 37,412 29,581 41,300 31,073 1,322,793 1,218,540
Deferred tax liability - - - - - 47,004 122,943 161,272 101,503 61,068
Total Non Current Liabilities 1,047,756 980,166 801,661 12,589,936 20,935,390 56,113,409 57,158,394 56,719,862 87,687,081 86,684,115
Current Liabilities
Tax payable 24,600 24,620 24,620 - - 141,952 466,929 287,112 12,258 63,174
Trade payables 2,082,626 2,026,312 1,205,433 1,712,424 6,566,991 9,452,081 8,557,438 8,447,767 7,986,943 6,210,853
Borrowings 2,261,453 2,261,296 2,404,814 - - 4,880,499 3,043,429 3,788,455 1,814,273 1,111,520
Other provisions - - - - - - - - - 136,587
Accruals & deferred Income - - - - - 775,533 775,533 775,533 841,359 839,165
Total Current Liabilities 4,368,679 4,312,228 3,634,867 1,712,424 6,566,991 15,250,065 12,843,329 13,298,867 10,654,833 8,361,299
Total Liabilities 5,416,435 5,292,394 4,436,528 14,302,360 27,502,381 71,363,474 70,001,723 70,018,729 98,341,914 95,045,414
Total Equity and Liabilities 13,750,451 13,243,243 12,891,827 22,459,383 35,506,219 80,836,394 80,824,731 81,141,029 121,378,116 121,453,408
Discuss these financial statements:
  • George (4 years ago)

    Declining margins are worrying
    Medserv attributes the poor results to the instability in Libya. What I see is d... 0 replies
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  • Grech293 (10 months ago)

    Drop in Revenues H1 2016 vs H1 2015
    The reduction is mainly due to a slow-down in the provision of shore base logist... 0 replies
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