Karyes Investment Public Company LTD

Annual / Quarterly Financial Statement • Oct 14, 2022

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME 31 December 2021

	2021	2020
	€	€
Interest receivable from loans calculated based on the effective interest method	207.000	207.567
(Loss)/profit from sale and revaluation of investments	(401.865)	32.796
	(194.865)	240.363
Administrative and other operating expenses	(76.030)	(89.536)
Impairment profit	7.312	118.680
(Loss) / Profit from operating activities	(263.583)	269.507
Finance cost	(547)	(195)
(Loss) / Profit before taxation	(264.130)	269.312
Taxation	-	-
Net (loss) / profit for the year	(264.130)	269.312
Other total income	-	-
Total income for the year	(264.130)	269.312
(Loss) /earnings per share allocated to the shareholders of the parent company (cents)	(1.20)	1.22

STATEMENT OF FINANCIAL POSITION 31 December 2021

	2021 €	2020 €
ASSETS
Non-current assets
Trade and other receivables	5.740.770	5.235.321
Current assets
Trade and other receivables	469	291.956
Investments at fair value through profit and loss	3.557.783	3.959.648
Cash at bank	665	737
	3.558.917	4.252.341
Total assets	9.299.687	9.487.662
EQUITY AND LIABILITIES
Equity
Share capital	5.500.000	5.500.000
Accumulated profits	3.420.674	3.684.804
Total equity	8.920.674	9.184.804
Current liabilities
Trade and other creditors	378.086	302.406
Borrowings	669	194
Current tax liabilities	258	258
Total equity and liabilities	9.299.687	9.487.662
Net asset value per share (cents)	40.55	41.75

STATEMENT OF CHANGES IN EQUITY 31 December 2021

Share capital		Accumulated profits	Total
	€	€	€
Balance as at 1 January 2020	5.500.000	3.415.492	8.915.492
Total income
Net profit for the year	-	269.312	269.312
Balance as at 31 December 2020 / 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	5.500.000	3.420.674	8.920.674

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF CASH FLOWS

31 December 2021

	2021	2020
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
(Loss) / Profit before taxation	(264.130)	269.312
Adjustments for:
Loss/Profit from sale and revaluation of investments	401.865	(32.796)
Credit interest	(207.000)	(207.567)
	(69.265)	28.949
Changes in working capital
Increase in trade and other receivables	(6.962)	(119.030)
Increase in trade and other creditors	75.680	89.886
Cash for operating activities	(547)	(195)
Taxation	-	-
Net decrease in cash and cash equivalents	(547)	(195)
Cash and cash equivalents at beginning of year	543	738
Cash and cash equivalents at end of year	(4)	543