K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2021 to 30 June 2021

	30 June 2021 Unaudited €000	30 June 2020 Unaudited €000
Revenue Cost of sales	12.700 (3.532)	675 (71)
Gross profit	____ 9.168	____ 604
Administrative expenses Selling and marketing expenses Other income	(221) (280) 111 ____	(239) (88) 121 ____
Operating profit	8.777	398
Finance cost Share of profit of investment in associates	(147) 645 ____	(157) 322 ____
Profit before tax	9.275	563
Tax	-	-
Profit for the period	_ 9.275 _	_ 563 _
Other comprehensive income Share of reserves of associates	-	(4)
Total comprehensive income for the period	____ 9.275 ==========	____ 559 ==========
Profit per share attributable to Company's shareholders
(cent per share): - Basic and fully diluted	7,21 ==========	0,44 ==========

	30 June 2021	31 December 2020
	Unaudited €000	Audited €000
Assets
Non-current assets
Property, plant and equipment	2.231	27
Investments in associates	103.732 _____	103.088 _____
	103.755	103.115
Current assets	_____	_____
Inventories	300	38.24
Financial assets at amortised cost	7.543	7.575
Tax refundable Cash and cash equivalents	10 5.068	10 86
	_____	_____
	12.923	11.495
Total Assets	_____ 116.677 ===========	_____ 114.610 ===========
Equity and liabilities
Capital and reserves
Share Capital	21.860	21.860
Share Premium	1.757	1.757
Reserve of changes in equity of associates Reserve arising on translation of share capital into Euro	609 86	609 86
Retained Earnings	89.410	80.136
Total Equity	_____ 113.722	_____ 104.448
	_____	_____
Current liabilities Trade and other payables	2.955	532
Borrowings	-	9.631
	_____	_____
	2.955 _____	10.162 _____
Total Liabilities	2.955	10.162
Total Equity and Liabilities	_____ 116.677	_____ 114.610
	===========	===========

	Share capital €000	Share premium €000	Reserve arising on translation of share capital into Euros €000	Reserve of changes in equity of associates €000	Retained earnings €000	Total €000
Balance at 1 January 2020	21.860	1.757	86	239	66.208	90.150
Profit for the period	___	___	___	____	___	___
	-	-	-	-	563	563
Other comprehensive income Share of reserves of associates	_ - _	_ - _	_ - _	_ (4) _	_ - _	_ (4) _
Total Comprehensive Income for the	-	-	-	(4)	563	(4)
period	___	___	___	____	___	___
Balance at 30 June 2020	21.860	1.757	86	235	66.771	90.709
(unaudited)	=========	=========	=========	==========	=========	=========
Balance at 1 January 2021	21.860	1.757	86	609	80.135	104.447
Profit for the period	___	___	___	____	___	___
	-	-	-	-	9.275	9.275
Other Comprehensive Income	___	___	___	____	___	___
Share of reserves of associates	-	-	-	-	-	-
Total Comprehensive Income for the period	_ - _	_ - _	_ - _	_ - _	_ 9.275 _	_ - _
Balance at 30 June 2021	21.860	1.757	86	609	89.410	113.722
(unaudited)	=========	=========	=========	==========	=========	=========

	30 June	30 June
	2021 Unaudited €000	2020 Unaudited €000
Cash flows from operating activities
Cash from operations	14.705	638
Net cash from operating activities	_ 14.705 _	_ 638 _
Cash flows from investing activities
Proceeds from repayment of loans from related parties	60	-
Loans granted to related parties	(5)	(10)
Net cash from/(used in) investing activities	_ 55 _	_ (10) _
Cash flows from financing activities
Repayments of bank loans	(9.631)	(645)
Interest paid	(147)	-
Net cash used in financing activities	____ (9.778)	____ (645)
Net increase/(decrease) in cash and cash equivalents overdrafts	____ 4.983	____ (345)
Cash and cash equivalents at the beginning of the period	86	65
Cash and cash equivalents at the end of the period	____ 5.068 ==========	____ 48 ==========

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