The Cyprus Cement Public Company LTD

Annual / Quarterly Financial Statement • Sep 30, 2021

THE CYPRUS CEMENT PUBLIC COMPANY LIMITED

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2021 to 30 June 2021

Interim Condensed Consolidated Income Statement and other Comprehensive Income for the period from 1 January 2021 to 30 June 2021

	30 June 2021 Unaudited €000	30 June 2020 Unaudited €000
Revenue Administrative expenses	131 (424) ___	164 (403) ___
Operating loss	(294)	(239)
Finance cost Share of profit from investments accounted for using	(16)	-
equity method	2.235	1.231
Profit before tax Taxation	___ 1.924 -	___ 1.231 -
Profit for the period	___ 1.924 =========	___ 992 =========
Other comprehensive income Share of reserves of investments accounted for using equity method	1	(13)
Total comprehensive income for the period	___ 1.925 =========	___ 979 =========
Profit for the period attributable to: Owners of the company Non-controlling interest	1.986 (62) ___ 1.924 =========	1.002 (10) ___ 992 =========
Profit per share attributable to the shareholders of the Company (cent per shares): Basic and fully diluted	1,44 =========	0,73 =========

Interim Condensed Consolidated Balance Sheet at 30 June 2021

	30 June	31 December
	2021	2020
	Unaudited €000	Audited €000
Assets
Non-current assets Investment property	283.864	283.858
Investments accounted for using the equity method	59.532	60.026
Investments held at fair value through other
comprehensive income	-	22.500
	_____	_____
	343.396	366.384
	_____	_____
Current assets
Financial assets at amortised cost	12.674	11.712
Other non financial assets	269	238
Cash and cash equivalents at bank	25.614	1.696
	_____ 38.557	_____ 13.647
	_____	_____
Total assets	381.953	380.031
	===========	===========
Equity and liabilities
Equity attributable to owners of the parent Share capital	59.173	59.173
Share premium	910	910
Fair value reserve	107.525	107.524
Revenue reserve	17.236	17.236
Other reserves	(15)	(15)
Retained earnings	138.531	136.544
	_____	_____
	323.360 _____	321.372 _____
Non-controlling interest	7.261	7.323
	_____	_____
Total equity	330.620 _____	328.695 _____
Non-current liabilities
Deferred tax liabilities	50.926	50.926
Provisions	300	300
	_____ 51.226	_____ 51.226
	_____	_____
Current liabilities
Trade and other payables	107 _____	110 _____
	107	110
	_____	_____
Total liabilities	51.333	51.336
	_____	_____
Total equity and liabilities	381.953 ===========	380.031 ===========

Interim Condensed Consolidated statement of changes in equity for the period ended 30 June 2021

	At trib uta ble to f th Co ow ne rs o e mp an y
	Sh are Ca ita l p €0 00	Sh are Pre miu m €0 00	Fa ir v alu e res erv e €0 00	Ot he r res erv es €0 00	Re ve nu e Re se rve €0 00	Re tai d ne Ea rni ng s €0 00	To tal €0 00	No n ntr olli co ng Int st ere €0 00	To tal uity eq €0 00
Ba lan 1 Ja 20 20 at ce nu ary	59 .17 3	91 0	105 .56 3	17 .23 6	( 15 )	94 .48 9	27 7.3 56	6.7 56	28 4.1 12
Co reh siv e i mp en nc om e Pro fit for th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 1.0 02	__ 1.0 02	_ ( 10 )	__ 99 2
Ot he he ive in r c om pre ns co me Sh f fa ir v alu d o the are o e r es erv es an r f a cia ted ies res erv es o sso co mp an	_ -	_ -	__ ( 13 )	__ -	__ -	_ -	__ ( 13 )	_ -	__ ( 13 )
To tal reh siv e i fo r th co mp en nco me e rio d pe	_ -	_ -	__ ( ) 13	__ -	__ -	_ 1.0 02	__ 98 9	_ ( ) 10	__ 97 8
Ba lan at 30 Ju 20 20 ce ne (u ud ite d ) na	_ 59 .17 3 = === === === =	_ 91 0 === === === ==	__ 105 0 .55 === === === ===	__ 17 .23 6 === === === ===	__ ( 15 ) === === === ===	_ 95 .49 2 === === === ==	__ 27 8.3 45 === === === ===	_ 6.7 45 === === === ==	__ 28 5.0 90 === === === ===
Ba lan at 1 Ja 20 21 ce nu ary	59 .17 3	91 0	107 .52 4	17 .23 6	( 15 )	136 .54 4	32 1.3 72	7.3 23	32 8.6 95
Co reh siv e i mp en nc om e fit for Pro th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 1.9 87	__ 1.9 87	__ ( ) 62	__ 1.9 24
Ot he he ive in r c om pre ns co me Sh f fa ir v alu d o the are o e r es erv es an r f a cia ted ies res erv es o sso co mp an	_ -	_ -	__ 1	__ -	__ -	_ -	__ 1	__ -	__ 1
To tal reh siv e i fo r th co mp en nco me e rio d pe	- __ __ __ __	- __ __ __ __	1	-	-	1.9 87 __ __ __ __	1.9 88	( 62 )	1.9 25
Ba lan at 30 Ju 20 21 ce ne (u ud ite d ) na	59 .17 3 === === === =	91 0 === === === ==	107 .52 5 === === === ==	17 .23 6 === === === ==	( 15 ) === === === ===	138 .53 2 === === === =	32 3.3 61 === === === ==	7.2 61 === === === ==	33 0.6 21 === === === ==

Interim Condensed Consolidated statement of cash flows for the period ended 30 June 2021

	30 June 2021 Unaudited €000	30 June 2020 Unaudited €000
Cash flows from operating activities Cash used in operations	(453)	(634)
Net cash used in operating activities	____ (453)	____ (634)
Cash flows from investing activities	____	____
Proceeds from disposal of investment held at fair value through other comprehensive income Proceeds from amount due from related companies Proceeds from dividends received Loans granted to related parties Additional expenditure relating to investment property	22.500 142 2.730 (980) (6)	- - - (265) (25)
Net cash from/(used in) investing activities	_ 24.386 _	_ (290) _
Cash flows from financing activities Interest paid	(16)	-
Net cash used in financing activities	_ (16) _	_ - _
Net increase/(decrease) in cash and cash equivalents	23.917	(924)
Cash and cash equivalents at beginning of period	1.696	1.578
Cash and cash equivalents at end of period	____ 25.614 ==========	____ 654 ==========