STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31 DECEMBER 2021

	2021	2020
	€	€
Credit interest	4.636	9.296
Gains on sale of financial assets at fair value through Other Total Income	83.033	-
Gain on sale of investments to affiliated undertakings	402.139	-
(Loss) / gain on sale of financial assets at fair value through profit and loss (Losses) / gains of fair values in financial assets at fair value through profit	(4.521)	2.326
and loss	(14.050)	59.890
Reversal of impairment of value of cash and cash equivalents	-	49.134

Total income	471.237	120.646

Impairment of value of cash and cash equivalents	(7.086)	-
Administrative expenses	(159.241)	(140.703)
Other expenses	(1.517)	(722)
Finance cost	(42.978)	(44.485)

Profit / (loss) before taxation	260.415	(65.264)

Taxation	(3.898)	(42.607)
Net profit / (loss) for the year	256.517	(107.871)

Basic and adjusted earnings / (loss) per share (cents)	1.00	(0.42)

STATEMENT OF OTHER TOTAL INCOME FOR THE YEAR ENDED 31 DECEMBER 2021

	2021 €	2020 €

Net profit / (loss) for the year	256.517	(107.871)
Other Total Income:
Amounts to be or that may be reclassified to profit or loss in later periods: Financial assets at fair value through Other Total Income – Fair value
(losses) / gains	(698)	1.628
Financial assets available for sale – Gain transferred to results due to sale	83.033	-
Other Total Income for the year after taxation	82.335	1.628
Other total income / (losses) for the year	338.852	(106.243)

	2021	2020
	€	€
ASSETS
Current assets
Trade and other receivables	150.627	153.146
Financial assets at fair value through Other Total Income	-	610.070
Financial assets at fair value through profit and loss	3.522.586	3.614.686
Tax refundable	103.134	103.134
Cash and cash equivalents	6.597.155	5.730.360
	10.373.502	10.211.396

TOTAL ASSETS	10.373.502	10.211.396
EQUITY AND LIABILITIES
Equity
Share capital	2.822.130	9.171.921
Other reserves	456.943	427.789
Accumulated profits (losses)	115.564	(5.095.073)
Total equity	3.394.637	4.504.637
Non-current liabilities
Borrowings	65.380	85.380
	65.380	85.380
Current liabilities
Trade and other creditors	1.462.046	173.838
Current tax liabilities	325.439	321.541
Provisions for liabilities	5.126.000	5.126.000
	6.913.485	5.621.379
Total liabilities	6.978.865	5.706.759
TOTAL EQUITY AND LIABILITIES	10.373.502	10.211.396

		Other	Accumulated
	Share capital €	Reserves €	profits/(losses) €	Total €

Balance as at 31 December 2020 / 1
January 2021	9.171.921	427.789	(5.095.073)	4.504.637
Total income
Net profit for the year	-	-	256.517	256.517
Other total income
Reserve at fair value – Financial assets at fair value through Other Total
Income Change in fair value Transfer to the results	-	(698)	-	(698)
due to sale	-	(83.033)	-	(83.033)
Total income / (losses) for
the year	-	(83.731)	256.517	172.786
Transactions with
shareholders
From reduction of issued
capital in shares, of a
nominal value of €0.01 per share followed by
consolidation and division
of issued capital in shares,
of a nominal value of
€0.11 per share	(6.349.791)	112.885	6.236.906	-
Dividends	-	-	(1.282.786)	(1.282.786)
Total transactions with
shareholders	(6.349.791)	112.885	4.954.120	(1.282.786)
Balance as at 31
December 2021	2.822.130	456.943	115.564	3.394.637

	2021	2020
	€	€
Cash flow from operating activities
Profit / (loss) before taxation	260.415	(65.264)
Adjustments for:
Losses / (gains) on fair values in financial assets at fair value through profit	14.050	(59.890)
and loss
Charge for impairment in the value (reversal of impairment of value) of
cash and cash equivalents	7.086	(49.134)
Credit interest	(4.636)	(9.296)
Transfer of fair value reserve – Financial assets at fair value through Other
Total Income – in the results, due to sale	(83.033)	-
	193.882	(183.584)

Changes in working capital:
Trade and other receivables	2.519	3.692
Financial assets at fair value through profit and loss	78.050	(3.207.256)
Trade and other creditors	5.422	5.206
Cash from / (for) operations	279.873	(3.381.942)
Interest received	4.636	9.296
Tax paid	-	(81.903)
Net cash from/(for) operations	284.509	(3.454.549)

Cash flow from investing activities
Proceeds from loan repayments Proceeds from sale of financial assets at fair value through Other Total	-	20.000
Income	609.372	-
Net cash from investing activities	609.372	20.000

Cash flow from financing activities
Loan repayments	(20.000)	-
Net cash for financing activities	(20.000)	-
Net increase/(decrease) in cash and cash equivalents	873,881	(3.434.549)
Cash and cash equivalents at beginning of year	5.730.360	9.115.775
Charge for impairment in the value (reversal of impairment of value) of
cash and cash equivalents	(7.086)	49.134
Cash and cash equivalents at end of year	6.597.155	5.730.360