European Regional Development Fund

Mediterranean Investments Holding plc

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
Dec
2016

Year-End
Assets
Non Current Assets
Intangible Assets - 2,258 - 2,258 - 2,258 - 2,258 2,258
Property, plant & equipment - 414,678 - 8,581,028 - 8,750,836 - 8,648,865 8,541,825
Investment Property - 310,406,000 - 310,675,580 - 250,000,000 - 250,042,780 250,212,420
Investment in associates & jointly controlled entities - 12,648,941 - 12,696,166 - 12,700,810 - 14,313,815 13,704,789
Available for sale financial assets - 1,871,070 - - - - - - -
Other non-current assets - 437,763 - 430,150 - 422,537 - 414,924 407,373
Total Non Current Assets 0 325,780,710 0 332,385,182 0 271,876,441 0 273,422,642 272,868,665
Current Assets
Inventories - 273,000 - 395,173 - 647,282 - 446,451 440,715
Trade receivables - 2,302,655 - 7,528,822 - 3,830,472 - 4,174,839 2,330,067
Other receivables - 4,867,131 - - - 3,561,649 - - -
Income tax receivable - - - 298,938 - 611,069 - 312,135 -
Cash and cash equivalents - 13,086,298 - 10,298,838 - 10,285,857 - 5,460,129 1,538,553
Total Current Assets 0 20,529,084 0 18,521,771 0 18,936,329 0 10,393,554 4,309,335
Non Current Assets 263,426,718 - 324,084,207 - 334,552,624 - 271,847,449 - -
Current Assets 28,536,395 - 27,738,521 - 25,500,862 - 15,682,840 - -
Total Assets 291,963,113 346,309,794 351,822,728 350,906,953 360,053,486 290,812,770 287,530,289 283,816,196 277,178,000
Equity
Share capital - 48,002,000 - 48,002,000 - 48,002,000 - 48,002,000 48,002,000
Retained earnings - 104,344,970 - 118,137,531 - 90,045,674 - 89,662,988 83,220,460
Other equity components - 46,320 - - - - - 831,137 456,487
Equity 107,742,958 - 160,801,480 - 173,468,047 - 138,725,335 - -
Total Equity 107,742,958 152,393,290 160,801,480 166,139,531 173,468,047 138,047,674 138,725,335 138,496,125 131,678,947
Liabilities
Non Current Liabilities
Parent company loans - 3,200,000 - 3,200,000 - 2,655,355 - - -
Loans from group undertakings - - - - - - - 2,655,355 8,275,379
Borrowings - 40,240,684 - 32,208,360 - 23,566,577 - 13,432,641 10,779,899
Debt securities in issue - 73,108,470 - 58,127,541 - 49,915,272 - 83,010,915 43,000,000
Deferred tax liability - 49,038,836 - 50,756,059 - 29,469,177 - 29,217,888 29,126,958
Derivative financial instruments - 992,000 - 743,258 - 658,506 - 413,986 175,462
Total Non Current Liabilities 0 166,579,990 0 145,035,218 0 106,264,887 0 128,730,785 91,357,698
Current Liabilities
Tax payable - - - 698,367 - 1,889,536 - 1,889,536 1,359,689
Trade payables - 18,616,529 - 946,783 - 1,160,909 - 11,487,677 9,753,256
Other payables - - - 14,593,386 - 13,891,740 - - -
Borrowings - 8,719,985 - 8,736,009 - 9,908,424 - 3,212,073 43,028,410
Debt securities in issue - - - 14,757,659 - 19,649,600 - - -
Total Current Liabilities 0 27,336,514 0 39,732,204 0 46,500,209 0 16,589,286 54,141,355
Non Current Liabilities 153,808,278 - 162,294,551 - 152,015,790 - 103,302,934 - -
Current Liabilities 30,411,877 - 28,726,697 - 34,569,649 - 45,502,020 - -
Total Liabilities 184,220,155 193,916,504 191,021,248 184,767,422 186,585,439 152,765,096 148,804,954 145,320,071 145,499,053
Total Equity and Liabilities 291,963,113 346,309,794 351,822,728 350,906,953 360,053,486 290,812,770 287,530,289 283,816,196 277,178,000
Discuss these financial statements:
  • Chris (5 years ago)

    Basis of revaluation of investment property
    Note 13 states that due to lack of comparable properties on the market, the fair... 4 replies
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  • Grech293 (4 years ago)

    Reason behind significant improvement for Jun 13 Interim results
    The significant improvement is primarily the result of the income generated from... 0 replies
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