Karyes Investment Public Company LTD

Annual / Quarterly Financial Statement • Feb 22, 2022

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME 31 December 2020

	2020	2019
	€	€
Interest receivable from loans calculated based on the real interest method	207.567	78.748
(Loss)/profit from sale and revaluation of investments	32.796	1.339.893
	240.363	1.418.641
Administrative and other operating expenses	(89.536)	(118.887)
Impairment profit/(loss)	118.680	(94.170)
Profit from operating activities	269.507	1.205.584
Finance cost	(195)	(521)
Profit before taxation	269.312	1.205.063
Taxation	-	-
Net profit for the year	269.312	1.205.063
Other total income	-	-
Total income for the year	269.312	1.205.063
Profit per share allocated to the holding company's shareholders (cents)	1.22	5.48

STATEMENT OF FINANCIAL POSITION 31 December 2020

	2020	2019
ASSETS	€	€
Non-current assets
Trade and other receivables	5.235.321	4.916.672
Current assets
Trade and other receivables	291.956	284.008
Investments at fair value through profit and loss	3.959.648	3.926.852
Cash at bank	737	773
	4.252.341	4.211.633
Total assets	9.487.662	9.128.305
EQUITY AND LIABILITIES
Equity
Share capital	5.500.000	5.500.000
Accumulated profits	3.684.804	3.415.492
Total equity	9.184.804	8.915.492
Current liabilities
Trade and other creditors	302.406	212.520
Borrowing	194	35
Current tax liabilities	258	258
Total equity and liabilities	9.487.662	9.128.305
Net asset value per share (cents)	41.75	40.52

STATEMENT OF CHANGES IN EQUITY 31 December 2020

	Share capital	Accumulated profits	Total
	€	€	€
Balance as at 1 January 2019	5.500.000	2.210.429	7.710.429
Total income
Net profit for the year	-	1.205.063	1.205.063
Balance as at 31 December 2019 / 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	5.500.000	3.684.804	9.184.804

KARYES INVESTMENT PUBLIC COMPANY LIMITED

STATEMENT OF CASH FLOWS 31 December 2020

2020 € 2019 CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation 269.312 1.205.063 Adjustments for: Profit from sale and revaluation of investments (32.796) (1.339.893) Credit interest (207.567) (78.748) 28.949 (213.578) Changes in working capital (Increase)/decrease in trade and other receivables (119.030) 94.337 Increase in trade and other creditors 89.886 118.768 Cash for operating activities (195) (473) Taxation - - Net decrease in cash and cash equivalents (195) (473) Cash and cash equivalents at beginning of year 738 1.211 Cash and cash equivalents at end of year 543 738

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