Consolidated Statement of Profit and Loss and Other Total Income for the year ended 31 December 2023

	2023	2022
	€	€
Income	2.141.173	1.738.462
Cost of sales	(1.459.356)	(1.116.914)
Gross profit	681.817	621.548
Other operating income	70	60.001
Distribution and sales expenses	(173.855)	(168.478)
Administrative costs	(222.182)	(257.687)
Net loss of impairment of assets and contractual assets	-	(276)
Operating profit	285.850	255.108
Financing costs	(82.977)	(59.971)
Profit before taxation	202.873	195.137
Taxation	(25.752)	(277)
Net profit for the year	177.121	194.860
Other Total Income	-	-
Total Income for the year	177.121	194.860

Earnings per share attributed to the shareholders of the parent company (cents)	1.31	1.44

	2023	2022
	€	€
Assets
Non-current assets
Property, plant and equipment	2.772.617	3.002.850
Intangible assets	378	2.756
Financial assets at fair value through Other Total Income
	13.225	13.225
	2.786.220	3.018.831
Current assets
Inventories	569.988	498.573
Trade and other receivables	244.769	278.666
Financial assets at fair value through profit and loss	1	1
Tax refundable	-	649
Cash at bank and in hand	14.410	9.273
	829.168	787.162
Total assets	3.615.388	3.805.993

Equity and liabilities
Equity
Share capital	4.592.196	4.592.196
Share premium reserve	98.673	98.673
Other reserves	2.709.900	2.709.900
Accumulated losses	(6.245.912)	(6.423.033)

Total equity	1.154.857	977.736

Non-current liabilities
Borrowings	1.248.550	1.352.025
Deferred tax liabilities	-	189.201
	1.248.550	1.541.226
Current liabilities
Trade and other creditors	362.830	434.672
Borrowings	813.363	833.603
Finance lease liabilities	11.011	18.756
Current tax liabilities	24.777	-
	1.211.981	1.287.031
Total liabilities	2.460.531	2.828.257
Total equity and liabilities	3.615.388	3.805.993

Consolidated Statement of Changes in Equity for the year ended 31 December 2023

	Share Capital €	Share premium reserve €	Fair value reserve – land and buildings €	Capital reserve €	Accumulated losses €	Total €
Balance as at 1 January 2022 Net profit for the year	4.592.196 -	98.673 -	2.693.874 -	23.235 -	(6.650.761) 194.860	757.217 194.860
Transactions with shareholders Contribution for defence and NHS in deemed dividend
distribution	-	-	-	-	(6.121)	(6.121)
Changes in revaluation of land and buildings	-	-	(7.209)	-	38.989	31.780
Balance as at 31 December 2022 / 1 January 2023	4.592.196	98.673	2.686.665	23.235	(6.423.033)	977.736
Net profit for the year	-	-	-	-	177.121	177.121
Balance as at 31 December 2023	4.592.196	98.673	2.686.665	23.235	(6.245.912)	1.154.857

	2023	2022
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	202.873	195.137
Adjustments for:
Depreciation of property, plant and equipment	91.892	101.421
Exchange difference from conversion of non-current assets in
foreign currency	-	13.224
Depreciation of computer programmes	2.378	3.112
Gain from changes in the fair value due to price changes	-	(223.775)
Charge for impairment in the value of financial assets at fair
value through profit and loss	-	276
Debit interest	75.806	55.136
	372.949	144.531
Changes in working capital:
(Increase)/decrease in inventories	(71.415)	8.131
Decrease/(increase) in receivables	33.897	(8.564)
Decrease in trade and other creditors	(71.842)	(23.116)
Cash from operations	263.589	120.982
Tax paid	(326)	(1.602)
Net cash from operations	263.263	119.380
CASH FLOW FROM INVESTING ACTIVITIES
Payment for acquisition of intangible assets	-	(3.250)
Payment for acquisition of property, plant and equipment	(50.860)	152.739
Net cash (for)/from investing activities	(50.860)	149.489

CASH FLOW FROM FINANCING ACTIVITIES
Loan repayments	(103.475)	(131.545)
Repayments of finance lease liabilities	(7.745)	(2.551)
Payment of interest	(75.806)	(55.136)
Payment of defence contribution in deemed dividend
distribution	-	(6.121)

Net cash for financing activities	(187.026)	(195.353)
Net increase in cash and cash equivalents	25.377	73.516
Cash and cash equivalents at beginning of year	(824.330)	(897.846)
Cash and cash equivalents at end of year	(798.953)	(824.330)