European Regional Development Fund

GAP Developments Plc

Dec
2010

Year-End
Dec
2011

Year-End
Jun
2012

Interim
Assets
Non Current Assets
Property, plant & equipment 8,635,446 7,602,265 7,557,959
Deferred tax assets 253,133 - -
Other non-current assets - 1,383,780 488,726
Total Non Current Assets 8,888,579 8,986,045 8,046,685
Current Assets
Inventories 127,177,296 131,129,571 129,703,184
Trade receivables 804,057 10,333 1,470,010
Other receivables - 22,004 -
Income tax receivable 16,093 933,048 1,522,905
Prepayments & accrued income - 1,019,252 -
Cash and cash equivalents 732,521 469,004 385,922
Total Current Assets 128,729,967 133,583,212 133,082,021
Total Assets 137,618,546 142,569,257 141,128,706
Equity
Share capital 16,000,466 18,000,000 18,000,000
Retained earnings (7,322,807) (5,271,073) (9,177,542)
Capital Contribution Reserve - 1,066,158 1,066,158
Non-controlling interest - 466 466
Total Equity 8,677,659 13,795,551 9,889,082
Liabilities
Non Current Liabilities
Borrowings 10,299,907 40,842,223 12,071,100
Other liabilities 10,398,894 1,400,000 1,400,000
Debt securities in issue 34,804,394 - -
Total Non Current Liabilities 55,503,195 42,242,223 13,471,100
Current Liabilities
Tax payable - 532 4,489
Trade payables 42,537,973 49,254,037 53,852,144
Borrowings 30,899,719 37,276,914 63,911,891
Total Current Liabilities 73,437,692 86,531,483 117,768,524
Total Liabilities 128,940,887 128,773,706 131,239,624
Total Equity and Liabilities 137,618,546 142,569,257 141,128,706
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