Philoktimatiki Public LTD

12 months ended			6 months ended
31 December			30 June
2022		2023	2022
€		€	€
228.270	INCOME	200.435	117.788
(224.122)	Cost of sales	(182.127)	(118.482)
4.148	GROSS PROFIT	18.308	(694)
10.000	Other income	5.000	5.000
(38.534)	Impairment losses and other provisions	-	-
(1.020)	Sales and promotion expenses	-	-
(285.303)	Administrative expenses	(152.855)	(142.469)

(310.709)	LOSS FROM OPERATIONS	(129.547)	(138.163)
(107.583)	Net finance costs	(100.604)	(45.752)
(481.641)	Share of loss in associated company	(13.212)	(480.917)

(899.933)	LOSS BEFORE TAXATION	(243.363)	(664.832)
-	Taxation	-	-

(899.933)	NET LOSS FOR THE PERIOD	(243.363)	(664.832)
-	Other comprehensive income	-	-

(899.933)	TOTAL NET LOSS FOR THE PERIOD	(243.363)	(664.832)

	Net loss attributable to:
(892.009)	Shareholder interest	(240.818)	(662.623)
(7.924)	Minority interest	(2.545)	(2.209)
(899.933)		(243.363)	(664.832)
(18.56)	Loss per share (cents)	(5.01)	(13.79)

	30 June 2023	31 Dec 2022
	€	€
ASSETS
NON-CURRENT ASSETS
Intangible fixed assets	92.723	97.643
Investment in associated company	11.026.267	11.039.479
Total non-current assets
	11.118.990	11.137.122
CURRENT ASSETS
Stocks	868.000	868.000
Trade and other receivables	23.682	21.219
Receivables from affiliated companies	721.160	721.160
Cash and cash equivalents	-	3.333
Total current assets	1.612.842	1.613.712
TOTAL ASSETS	12.731.832	12.750.834

NET POSITION AND LIABILITIES
EQUITY
Share capital	4.084.128	4.084.128
Share premium reserve	293.239	293.239
Reserve from conversion of share capital into euro	20.664	20.664
Accumulated profits	3.575.564	3.816.382
	7.973.595	8.214.413
Minority interest	36.055	38.600
Total Equity	8.009.650	8.253.013
NON-CURRENT LIABILITIES
Borrowings	2.568.806	2.015.000
Total non-current liabilities	2.568.806	2.015.000

Current liabilities
Borrowings and bank overdrafts	851.883	1.174.236
Trade and other creditors	77.464	92.924
Provisions	1.224.029	1.215.661
Total current liabilities	2.153.376	2.482.821
Total Liabilities	4.722.182	4.497.821
Total Equity and Liabilities	12.731.832	12.750.834
Net assets per share – cents	1.66	1.71

	Attributable to the Company's shareholders
	Share Capital	Share premium reserve	Reserve from the conversion of share capital	Accumulated profits	Total	Minority interest	Total equity
	€	€	€	€	€	€	€
Balance as at 1 January 2022	4.084.128	293.239	20.664	4.708.391	9.106.422	46.524	9.152.946
Net loss for the year after taxation	-	-	-	(892.009)	(892.009)	(7.924)	(899.933)
Balance as at 31 December 2022 / 1 January 2023	4.084.128	293.239	20.664	3.816.382	8.214.413	38.600	8.253.013
Net Loss for the period after taxation				(240.818)	(240.818)	(2.545)	(243.363)
Balance as at 30 June 2023	4.084.128	293.239	20.664	3.575.564	7.973.595	36.055	8.009.650

	Six months	Six months
	ended	ended
	30 June 2023	30 June 2022
Cash flow from operating activities
Loss before taxation	(243.363)	(664.832)
Adjustments for:
Charge in the results for provisions
Debit interest	100.604	45.752
Depreciation of intangible fixed assets	5.794	7.104
Share of profit / (loss) in associated company	13.212	480.917

Net cash flow before changes in working capital	(123.753)	(131.059)
Changes in working capital
Increase in trade and other receivables	(2.463)	(9.460)
Decrease in trade and other creditors	(15.460)	(14.108)

Cash used for operating activities	(141.676)	(154.627)
Tax paid	-	-

Net cash for operating activities	(141.676)	(154.627)

Cash flow from investing activities
Purchase of intangible fixed assets	(874)	(2.111)

Net cash for investing activities	(874)	(2.111)

Cash flow from financing activities
Proceeds from borrowings from shareholders	500.000	300.000
Interest paid	(38.263)	(25.262)

Net cash for financing activities	461.737	274.738

Net increase in cash and cash equivalents and bank overdrafts	319.187	118.000

Cash and cash equivalents at beginning of year	(1.159.842)	(1.094.169)

Bank overdrafts at end of period	(840.655)	(976.169)

AI Terminal