Statement of Profit and Loss Account and other Total Income for the year ended 31 December 2023

	2023	2022
	€	€
Income
Credit dividends	21.273	2.844
Net gain from trading of financial assets at fair value	22.896
through profit and loss Net gain of fair value in financial assets at fair value		65.111
through profit and loss	88.139	174.184
Other operating income – Proceeds from lawsuit	-	10.500
Total income	132.308	252.639

Expenses
Administrative expenses	(167.452)	(180.051)
Net gain/(loss) of impairment in assets and contractual
assets	(225)	1.658

Profit / (loss) from operations	(35.369)	74.246

Finance cost	(32.089)	(38.133)
Profit / (loss) before taxation	(67.458)	36.113
Taxation	(1.515)	(484)

Net profit / (loss) for the year	(68.973)	35.629

Other total income	-	-
Total profit / (total loss) for the year	(68.973)	35.629

Profit / (loss) per share attributable to the
shareholders of the parent company (cents)	(0.02)	0.01

	2023	2022
ASSETS	€	€
Current assets
Plant and equipment	1.170	-
Investments in subsidiaries	1.750.000	1.750.000
	1.751.170	1.750.000
Non-current assets
Other loans and receivables	39.057	32.584
Financial assets at fair value through profit and loss	675.683	781.065
Cash and cash equivalents	659.206	636.792
	1.373.946	1.450.441
Total assets	3.125.116	3.200.441
EQUITY AND LIABILITIES
Equity
Share capital	8.644.229	8.644.229
Accumulated losses	(6.186.951)	(6.117.978)
Total equity	2.457.278	2.526.251
Current liabilities
Trade and other creditors	69.287	76.460
Borrowing	597.490	597.246
Current tax liabilities	1.061	484
	667.838	674.190
Total Equity and Liabilities	3.125.116	3.200.441

CLR INVESTMENT FUND PUBLIC LIMITED

	Share capital	Accumulated
	€	Losses €	Total €
Balance as at 1 January 2022	8.664.229	(6.153.607)	2.490.622
Total income Net profit for the year	-	35.629	35.629
Balance as at 31 December 2022 / 1 January 2023	8.644.229	(6.117.978)	2.526.251
Total losses Net loss for the year	-	(68.973)	(68.973)
Balance as at 31 December 2023	8.644.229	(6.186.951)	2.457.278

	2023 €	2022 €

CASH FLOW FROM OPERATIONS
Profit / (loss) before taxation:	(67.458)	36.113
Adjustments for:
Depreciation of plant and equipment	80	-
Profit at fair value in financial assets at fair value through
profit and loss Charge for impairment in the value of investments in	(88.139)	-
subsidiaries	-	1
Charge for impairment in the value/(reverse impairment in the
value) of cash and cash equivalents	225	(1.660)
Special provision of impairment of receivables	-	1
Credit dividends	(21.273)	(2.844)
Debit interest	32.089	38.133
Changes in working capital:	(144.476)	69.744
Other loans and receivables	(6.473)	(4.303)
Financial assets at fair value through profit and loss	193.521	41.939
Trade and other creditors	(7.173)	12.240
Cash from operations	35.399	119.620
Dividends received	21.273	2.844
Tax paid	(938)	-
Net cash from operations	55.734	122.464
CASH FLOW FROM INVESTING ACTIVITIES
Payment for purchase of plant and equipment	(1.250)	-
Net cash for investing activities	(1.250)	-

CASH FLOW FROM FINANCING ACTIVITIES
Interest paid	(32.089)	(38.133)
Net cash for financing activities	(32.089)	(38.133)
Net increase in cash and cash equivalents	22.395	84.331
Cash and cash equivalents at beginning of year	39.546	(46.445)
Gain from reverse impairment/(charge for impairment) in the
value of cash and cash equivalents	(225)	1.660
Cash and cash equivalents at end of year	61.716	39.546