GROUP COMPANY STATEMENT OF COMPREHENSIVEINCOME Unaudited Unaudited Audited Unaudited Unaudited Audited 6 months 6 months 12 months 6 months 6 months 12 months Jun-15 Jun-14 Dec-14 Jun-15 Jun-14 Dec-14 P'000 P'000 P'000 P'000 P'000 P'000 Revenue 150,110 139,793 303,195 137,990 130,475 279,465 Cost of sales (96,603) (87,805) (177,520) (86,969) (82,766) (165,635) Gross profit 53,507 51,988 125,675 51,021 47,709 113,830 Other income - 709 1,514 - - 427 Other (losses)/gain-net (4) (62) 27 (4) - 27 Sales and distribution expenses (4,013) (4,765) (9,239) (3,693) (4,493) (8,571) Administration and operating expenses (35,381) (37,249) (83,119) (33,019) (31,448) (69,259) Operating profit 14,109 10,621 34,858 14,305 11,768 36,454 Finance income 993 199 614 1,517 1,080 2,424 Finance expense (2,787) (3,271) (3,170) (637) (1,039) (1,774) Profit before income tax 12,315 7,549 32,302 15,185 11,809 37,104 Income tax expense (3,507) (2,555) (8,246) (3,345) (2,555) (8,247) Profit for the year 8,808 4,994 24,056 11,840 9,254 28,857 Other comprehensive income: Currency translation differences (subject to subsequent recycling through profit or loss) 119 63 40 - - - Other comprehensive income/(expense) for the year 119 63 40 - - - Total comprehensive income for the year 8,927 5,057 24,096 11,840 9,254 28,857 Basic and diluted earnings per share (thebe) 4.93 2.79 13.32 6.54 5.01 15.63 STATEMENT OF CASH FLOWS GROUP COMPANY Unaudited Unaudited Audited Unaudited Unaudited Audited 6 months 6 months 12 months 6 months 6 months 12 months Jun-15 Jun-14 Dec-14 Jun-15 Jun-14 Dec-14 P'000 P'000 Jan-15 P'000 P'000 P'000 Cash flows from operating activities Cash generated from operations 30,659 28,142 71,570 30,502 28,225 69,874 Interest paid (637) (1,039) (1,774) (637) (1,039) (1,774) Tax paid (5,741) (4,329) (8,580) (5,741) (4,329) (8,580) Net cash generated from operating activities 24,281 22,774 61,216 24,124 22,857 59,520 Cash flows from investing activities Purchase of property, plant and equipment (9,420) (12,450) (19,233) (9,048) (12,047) (18,383) Purchase of computer software (305) 139 (788) (305) 139 (788) Proceeds on disposal of plant and equipment 16 - 137 16 86 137 Loan repayments received from Employee Share Trust - - - 103 911 85 Loan (provided to)/repayments received from subsidiary - 199 - 751 784 (132) Interest received (excluding capitalised portion of Employee Share Trust) 993 - 590 1,233 - 1,822 Net cash utilised in investing activities (8,716) (12,112) (19,294) (7,250) (10,127) (17,259) Cash flows from financing activities Repayment of borrowings (1,813) (3,363) (7,166) (1,813) (3,363) (7,166) Dividends paid to company's shareholders (11,078) (9,060) (9,060) (11,078) (9,232) (9,232) Net cash utilised in financing activities (12,891) (12,423) (16,226) (12,891) (12,595) (16,398) Net increase in cash and cash equivalents 2,674 (1,761) 25,696 3,983 135 25,863 Cash and cash equivalents at beginning of year 45,801 20,312 20,312 43,091 17,228 17,228 Exchange (loss)/gain on cash and cash equivalents (326) (331) (207) - - - Changes in cash and cash equivalents 2,674 (1,761) 25,696 3,983 135 25,863 Cash and cash equivalents at end of year 48,149 18,220 45,801 47,074 17,363 43,091 Disclosed as follows; Cash at bank 49,204 20,178 45,801 48,129 19,322 43,091 Bank overdraft (1,055) (1,958) - (1,055) (1,959) - 48,149 18,220 45,801 47,074 17,363 43,091 Ordinary shares Treasury Shares Foreign currency translation reserve Retained earnings Total equity P'000 P'000 P'000 P'000 P'000 GROUP Year ended 31 December 2014 Balance at 1 January 2014 18,500 (5,915) (8) 117,512 130,089 Total comprehensive income for the year - - 40 24,056 24,096 Gross dividends paid - - - (9,060) (9,060) Balance at 31 December 2014 18,500 (5,915) 32 132,508 145,125 Period ended 30 June 2015 Balance at 1 January 2015 18,500 (5,915) 32 132,508 145,125 Total comprehensive income for the period - - 119 8,808 8,927 Gross dividends paid - - - (11,078) (11,078) Balance at 30 June 2015 18,500 (5,915) 151 130,238 142,974 COMPANY Year ended 31 December 2014 Balance at 1 January 2014 18,500 (550) - 113,935 131,885 Total comprehensive income for the year - - - 28,857 28,857 Gross dividends paid - - - (9,232) (9,232) Balance at 31 December 2014 18,500 (550) - 133,560 151,510 Period ended 30 June 2015 Balance at 1 January 2015 18,500 (550) - 133,560 151,510 Purchase of treasury shares - (1,555) - - (1,555) Total comprehensive income for the period - - - 11,840 11,840 Gross dividends paid - - - (11,078) (11,078) Balance at 30 June 2015 18,500 (2,105) - 134,322 150,717 % change Profit before tax (P'000) 12,315 7,549 63% Profit after tax (P'000) 8,808 4,994 76% Revenue (P'000) 150,110 139,793 7% Earnings per share (thebe) 4.9 2.8 77% Total Assets (P'000) 232,443 213,653 9% Cash and Cash equivalents(P’000) 49,204 20,178 144% STATEMENT OF FINANCIAL POSITION GROUP COMPANY Unaudited Unaudited Audited Unaudited Unaudited Audited Jun-15 Jun-14 Dec-14 Jun-15 Jun-14 Dec-14 ASSETS P'000 P'000 P'000 P'000 P'000 P'000 Non-current assets Property, plant and equipment 140,251 148,693 143,581 137,229 143,765 138,969 Intangible assets Lease rights/Trade marks/Software 875 192 748 875 192 748 Goodwill 12,905 13,948 13,878 5,274 5,274 5,274 Investment in subsidiary - - - 7 7 7 Loan to subsidiary - - - 13,987 13,942 14,948 Loan receivable-Cresta Employee Staff Plan - - - - 1,338 1,373 Deferred income tax assets 2,827 4,768 4,216 2,827 4,785 4,216 Total non-current assets 156,858 167,601 162,423 160,199 169,303 165,535 Currents assets Inventories 2,594 2,507 2,919 2,140 2,066 2,411 Loan to subsidiary - - - 2,148 1,901 1,938 Trade and other receivables 21,328 23,355 18,015 20,168 23,216 17,529 Current income tax assets 2,459 12 11 2,448 - - Cash and cash equivalent s 49,204 20,178 45,801 48,129 19,322 43,091 Total current assets 75,585 46,052 66,746 75,033 46,505 64,969 Total assets 232,443 213,653 229,169 235,232 215,808 230,504 - EQUITY Capital and reserves Stated capital 18,500 18,500 18,500 18,500 18,500 18,500 Treasury Shares (5,915) (5,915) (5,915) (2,105) (550) (550) Foreign currency translation reserve 151 55 32 - - - Retained earnings 130,238 113,443 132,508 134,322 113,954 133,560 Total equity 142,974 126,083 145,125 150,717 131,904 151,510 LIABILITIES Non-current liabilities Deferred lease obligation 32,103 28,596 30,831 30,372 27,119 29,058 Borrowings 15,055 15,235 17,227 15,055 15,235 17,227 Total non-current liabilities 47,158 43,831 48,058 45,427 42,354 46,285 Current liabilities Trade and other payables 35,821 31,789 29,699 32,625 29,600 26,423 Current income tax liabilities 44 531 1,297 17 531 1,297 Borrowings 5,023 11,419 3,663 5,023 11,419 3,663 Deferred revenue 1,423 - 1,327 1,423 - 1,326 Total current liabilities 42,311 43,739 35,986 39,088 41,550 32,709 Total liabilities 89,469 87,570 84,044 84,515 83,904 78,994 Total equity and liabilities 232,443 213,653 229,169 235,232 215,808 230,504