Karyes Investment Public Company LTD

Annual / Quarterly Financial Statement • Sep 27, 2023

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME 31 December 2022

	2022	2021
	€	€
Interest receivable from loans calculated based on the effective interest method	207.000	207.000
Gain/(loss) on sale and revaluation of investments	1.826.736	(401.865)
	2.033.736	(194.865)
Administrative and other operating expenses	(108.679)	(76.030)
Gain on impairment	(44.725)	7.312
Profit/(loss) from operating activities	1.880.322	(263.583)
Finance income/(cost)	511	(547)
Profit/(loss) before taxation	1.880.843	(264.130)
Taxation	(5.815)	-
Net profit/(loss) for the year	1.875.028	(264.130)
Other total income	-	-
Total income for the year	1.875.028	(264.130)
Earnings/(loss) per share allocated to the shareholders of the parent company (cents)	8.52	(1.20)

STATEMENT OF FINANCIAL POSITION 31 December 2022

	2022	2021
ASSETS	€	€
Non-current assets
Trade and other receivables	5.903.045	5.740.770
Current assets
Trade and other receivables	469	469
Investments at fair value through profit and loss	5.384.519	3.557.783
Cash at bank	588	665
	5.385.576	3.558.917
Total assets	11.288.621	9.299.687
EQUITY AND LIABILITIES
Equity
Share capital	5.500.000	5.500.000
Accumulated profits	5.295.702	3.420.674
Total equity	10.795.702	8.920.674
Current liabilities
Trade and other creditors	488.840	378.086
Borrowings	195	669
Current tax liabilities	3.884	258
Total equity and liabilities	11.288.621	9.299.687
Net asset value per share (cents)	49.07	40.55

STATEMENT OF CHANGES IN EQUITY 31 December 2022

	Share capital	Accumulated profits	Total
	€	€	€
Balance as at 1 January 2021	5.500.000	3.684.804	9.184.804
Total income
Net loss for the year	-	(264.130)	(264.130)
Balance as at 31 December 2021 /1 January 2022	5.500.000	3.420.674	8.920.674
Total income
Net profit for the year	-	1.875.028	1.875.028
Balance as at 31 December 2022	5.500.000	5.295.702	10.795.702

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF CASH FLOWS

31 December 2022

	2022	2021
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(loss) before taxation	1.880.843	(264.130)
Adjustments for:
Gain/(loss) on sale and revaluation of investments	(1.826.736)	401.865
Credit interest	(207.000)	(207.000)
	(152.893)	(69.265)
Changes in working capital
Decrease/(increase) in trade and other receivables	44.725	(6.962)
Increase in trade and other creditors	110.754	75.680
Cash from/(for) operating activities	2.586	(547)
Tax paid	(2.189)	-
Net cash from/(for) operations	397	(547)
Net increase/(decrease) in cash and cash equivalents	397	(547)
Cash and cash equivalents at beginning of year	(4)	543
Cash and cash equivalents at end of year	393	(4)