The Cyprus Cement Public Company LTD

Interim / Quarterly Report • Sep 12, 2024

THE CYPRUS CEMENT PUBLIC COMPANY LIMITED

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2024 to 30 June 2024

Interim condensed consolidated statement of profit or loss and other comprehensive income for the period from 1 January 2024 to 30 June 2024

	30 June 2024 Unaudited €000	30 June 2023 Unaudited €000
Revenue Administrative expenses	228 (499)	182 (421)
Operating loss	___ (271)	___ (239)
Share of profit from investments accounted for using equity method	2.944	3.352
Profit before tax	___ 2.673	___ 3.113
Tax	-	-
Profit for the period	___ 2.673 =========	___ 3.113 =========
Other comprehensive income Share of reserves of investments accounted for using equity method	27	10
Total comprehensive income for the period	___ 2.700 =========	___ 3.123 =========
Profit per share attributable to the shareholders of the Company (cent per shares): Basic and fully diluted	1,95	2,27
	=========	=========

Interim condensed consolidated balance sheet at 30 June 2024

	30 June 2023 Unaudited €000	31 December 2023 Audited €000
Assets
Non-current assets
Investment property	322.714	321.694
Investments accounted for using the equity method	65.575 _____	62.605 _____
	388.289 _____	384.299 _____
Current assets
Financial assets at amortised cost	10.431	9.851
Financial assets at fair value through profit or loss	-	534
Other non-financial assets	450	372
Cash and cash equivalents	7.714 _____	10.158 _____
	18.595 _____	20.915 _____
Total assets	406.884 ===========	405.214 ===========
Equity and liabilities Capital and reserves Share capital Own shares Fair value reserve Revenue reserve Other reserves Retained earnings	50.650 - 107.448 17.236 (15) 174.166	50.916 (266) 107.421 17.236 (15) 174.236
Total equity	_____ 349.485	_____ 349.528
Non-current liabilities	_____	_____
Deferred tax liabilities	55.426 _____	55.426 _____
	55.426 _____	55.426 _____
Current liabilities
Trade and other payables	253	260
Dividends payable	1.720 _____	- _____
	1.973 _____	260 _____
Total liabilities	57.399	55.686
Total equity and liabilities	_____ 406.884	_____ 405.214
	===========	===========

Interim condensed consolidated statement of changes in equity for the period from 1 January 2024 until 30 June 2024

		Attributable to owners of the Company
	Share Capital €000	Own shares €000	Fair value reserve €000	Other reserves €000	Revenue Reserve €000	Retained Earnings €000	Total €000	Total equity €000
Six months until 30 June 2024 Balance at 1 January 2024	50.916	(266)	107.421	17.236	(15)	174.236	349.528	349.528
Comprehensive income	__	__	__	__	____	___	___	____
Profit for the period	-	-	-	-	-	2.673	2.673	2.673
Other comprehensive income	__	___	__	__	____	___	___	____
Share of fair value reserves and other reserves of associated companies	-	-	27	-	-	-	27	27
Total other comprehensive income	__	___	__	__	____	___	___	____
	-	-	27	-	-	-	27	27
Total comprehensive income for the period	__	___	__	__	____	___	___	____
	-	-	27	-	-	2.673	2.700	2.700
Transactions with owners	__	___	__	__	____	___	___	____
Dividends from the profits of 2022	-	-	-	-	-	(2.743)	(2.743)	(2.743)
Reduction/cancellation of own shares	(266)	266	-	-	-	-	-	-
Total transaction with owners	__	___	__	__	____	___	___	____
	(266)	-	-	-	-	(2.743)	(2.743)	(2.743)
Balance at 30 June 2024	__	___	__	__	____	___	___	____
(unaudited)	50.650	-	107.448	17.236	(15)	174.166	349.485	349.485
Six months until 30 June 2023	=========	==========	=========	=========	===========	==========	==========	============
Balance at 1 January 2023	50.916	(183)	107.866	17.236	(15)	170.902	346.722	346.722
	__	___	__	__	____	___	___	____
Comprehensive income	-	-	-	-	-	3.113	3.113	3.113
Profit for the period	__	___	__	__	____	___	___	____
Other comprehensive income Share of fair value reserves and other reserves of associated companies Purchase of own shares	- -	- (35)	10 -	- -	- -	- -	10 (35)	10 (35)
Total other comprehensive income	__	___	__	__	____	___	___	____
	-	(35)	10	-	-	-	(25)	(25)
Total comprehensive income for the period	__	___	__	__	____	___	___	____
	-	(35)	10	-	-	3.113	3.088	3.088
Balance at 30 June 2023 (unaudited)	__ 50.916 =========	___ (218) =========	__ 107.876 ==========	__ 17.236 =========	____ (15) ===========	___ 174.015 ==========	___ 349.810 ==========	____ 349.810 ===========

Interim condensed consolidated statement of cash flows for the period from 1 January 2024 until 30 June 2024

	30 June 2024 Unaudited €000	30 June 2023 Unaudited €000
Cash flows from operating activities Cash used in operations	(540)	(652)
Net cash used in operating activities	____ (540)	____ (652)
Cash flows from investing activities	____	____
Dividends received Loans granted to related companies Net cash inflow from disposal of financial assets at fair value	13 (1.460)	- (1.120)
through profit or loss Additions of investment property Interest received	534 (1.020) 29	- (117) 50
Net cash used in investing activities	_ (1.904) _	_ (1.187) _
Cash flows from financing activities Purchase of own shares	-	(35)
Net cash from financing activities	_ - _	_ (35) _
Net decrease in cash and cash equivalents	(2.444)	(1.874)
Cash and cash equivalents at the beginning of period	10.158	12.448
Cash and cash equivalents at the end of period	____ 7.714	____ 10.574
	==========	==========