EUROINVESTMENT & FINANCE PUBLIC LIMITED

CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED DECEMBER 31, 2006

2006 / 2005
£ / £
Interests receivable before suspension of recognition of interests / 2.510.685 / 2.899.876
Suspension of recognition of interests receivable / (692.122) / (432.578)
Income from interests / 1.818.563 / 2.467.298
Expenses from interests / (933.391) / (1.392.351)
Net income from interests / 885.172 / 1.074.947
Sales from property and construction activities / 2.720.081 / 1.988.835
Cost of sales from property and construction activities / (2.303.667) / (1.686.407)
Gross profit from property and construction activities / 416.414 / 302.428
Net income from fees and commissions / 23.328 / 7.113
Income from dividends / 31.537 / 23.419
Profit/(loss) from sale and revaluation of investments / 55.712 / (9.650)
Profit/(loss) from activities of associated companies / 529.375 / (1.130)
Write-off of negative goodwill / 4.500 / -
Other income / 30.762 / 63.738
1.976.800 / 1.460.865
Operating expenses and depreciations / (832.151) / (812.825)
1.144.649 / 648.040
Provisions for bad debts / (374.439) / (566.112)
Profit before taxation / 770.210 / 81.928
Taxation / (115.148) / (4.294)
Profit for the year / 655.062 / 77.634
Attributable to:
Shareholders of the Company / 327.485 / 8.272
Minority interest / 327.577 / 69.362
655.062 / 77.634
Earnings per share (cent)- basic and diluted / 2,41 / 0,21

EUROINVESTMENT & FINANCE PUBLIC LIMITED

CONSOLIDATED BALANCE SHEET AS AT

DECEMBER 31, 2006

2006 / 2005
£ / £
Assets
Cash and deposits in Central Bank / 717.780 / 616.120
Placements in banks / 1.727.791 / 2.905.593
Loans and other grants to customers / 12.652.365 / 14.438.470
Investments in shares and other securities / 760.303 / 612.031
Stocks and projects under construction-Philoktimatiki Group / 1.830.154 / 1.258.584
Investments in associated companies / 3.317.175 / 2.787.800
Property, plant and equipment / 181.555 / 173.254
Tax receivable / 293.198 / 358.707
Deferred taxation / 709.587 / 699.237
Other assets / 1.632.852 / 1.353.156
Total assets / 23.822.760 / 25.202.952
Liabilities
Bank loans / 737.567 / 1.619.280
Bank overdrafts / 180.988 / 486.012
Payable to related part – Philoktimatiki Group / 597.790 / -
Borrowing from related part – Philoktimatiki Group / 200.278 / 158.885
Deposits and other customers’ accounts / 13.417.173 / 12.794.386
Taxation payable / 8.158 / 18.880
Deferred taxation / 47.872 / 1.894
Provisions / 169.056 / 215.001
Other liabilities / 804.360 / 948.729
/ 16.163.242 / 16.243.067
Loan capital / 1.462.137 / 3.934.353
Total liabilities / 17.625.379 / 20.177.420
Equity
Share capital / 1.360.378 / 1.360.378
Share premium / 1.523.486 / 1.523.486
Fair value profits / 408.440 / 7.100
Retained profits / 642.762 / 310.822
Equity attributable to shareholders / 3.935.066 / 3.201.786
Minority interest / 2.262.315 / 1.823.746
Total equity / 6.197.381 / 5.025.532
Total equity and liabilities / 23.822.760 / 25.202.952