K. Kythreotis Holdings Public LTD

Interim / Quarterly Report • Sep 30, 2021

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30 JUNE 2021

	Half year ended 30 June
	2021	2020
	€	€
Income	10.114.766	6.124.342
Cost of sales	(8.069.499)	(5.101.891)
Gross profit	2.045.267	1.022.451
Sales and marketing expenses	(93.180)	(11.934)
Administrative expenses	(594.701)	(559.042)
Other income	19.432	28.139
Other (losses) / profit – net	(3.346)	(3.835)
Operating profit	1.373.472	475.779
Finance cost	(24.861)	(34.083)
Profit before taxation	1.348.611	441.696
Tax charge	(158.893)	(64.804)
Profit for the period	1.189.718	376.892
Earnings per share attributable to the Company shareholders during the period
- Basic and fully diluted (cents)	2.80	0.89

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF TOTAL INCOME FOR THE PERIOD ENDED 30 JUNE 2021

	Half year ended 30 June 2021 2020 € €
Profit for the period	1.189.718	376.892
Other total income
Items not to be reclassified in profit and loss: Deferred taxation	322	328
Other total income for the period after taxation	322	328
Total profit for the period	1.190.040	377.220

K. KYTHREOTIS HOLDINGS PUBLIC LTD

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2021

	30.06.2021	31.12.2020
ASSETS	€	€
Non-current assets
Property, plant and equipment	8.101.597	6.634.904
Property investment	1.863.390	2.013.390
Goodwill	1.382.206	1.382.206
Other assets	109.664	339.202
	11.456.857	10.369.702
Current assets
Stocks	1.496.051	2.418.064
Trade receivables	4.377.598	3.010.620
Other receivables	15.227	25.185
Other assets	104.551	113.066
Tax receivable	10.452	10.452
Conventional assets	45.935	45.935
Financial assets at fair value through profit and loss	10.328	9.445
Frozen OTC cash deposits	-	197.000
Cash at bank and in hand	590.766	194.163
	6.650.908	6.023.930
Total Assets	18.107.765	16.393.632
EQUITY AND LIABILITIES
Capital and reserves
Share capital	7.216.500	7.216.500
Share premium reserve	2.019.176	2.019.176
Revaluation reserve	746.702	746.380
Other reserves	39.761	39.761
Reserve from conversion of share capital into euro	36.513	36.513
Earnings retained	3.279.848	2.514.630
Total equity	13.338.500	12.572.960
Non-current liabilities
Borrowings	379.759	428.499
Trade and other creditors	207.973	12.906
Deferred taxation	419.980	400.666
	1.007.712	842.071
Current liabilities
Trade and other creditors	2.801.647	2.158.424
Contractual liabilities	-	58.000
Borrowings	96.202	94.465
Current tax liabilities	161.726	22.746
Provision for claims	175.522	175.522
Bank overdrafts	526.456	469.445
	3.761.553	2.978.602
Total liabilities	4.769.265	3.820.673
Total equity and liabilities	18.107.795	16.393.632

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 30 JUNE 2021

	Share Capital €	Share premium reserve €	Revaluation reserve €	Other reserves €	Reserve from conversion of share capital into Euro €	Earnings retained €	Total €
Balance as at 1 January 2020 Total income	7.216.500	2,019.176	670.847	39.761	36.513	1.510.150	11.492.947
Profit for the period	-	-	-	-	-	376.892	376.892
Other total income
Land and buildings:
Deferred taxation	-	-	328	-	-	-	328
Total other comprehensive income	-	-	328	-	-	-	328
Total income for the period	-	-	328	-	-	-	328
Balance as at 30 June 2020	7.216.500	2.019.176	671.175	39.761	36.513	1.887.042	11.870.167
Balance as at 1 January 2021	7.216.500	2,019.176	746.380	39.761	36.513	2.514.630	12.572.960
Total income Profit for the period	-	-	-	-	-	1.189.718	1.189.718
Other total income
Land and buildings: Deferred taxation	-	-	322	-	-	-	322
Total other comprehensive income	-	-	322	-	-	-	322
Total income for the period	-	-	322	-	-	-	322
Transactions with owners
Dividend payable	-	-	-	-	-	(424.500)	(424.500)
Total transactions with owners	-	-	-	-	-	(424.500)	(424.500)
Balance as at 30 June 2021	7.216.500	2.019.176	746.702	39.761	36.513	3.279.848	13.338.500

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2021

	Half year ended 30 June
	2021	2020
	€	€
Cash flow from operations
Profit before taxation	1.348.611	441.696
Adjustments for items not affecting cash movement	312.229	325.502
	1.660.840	767.198
Changes in working capital	354.954	(118.421)
Cash from operations	2.015.794	648.777
Tax paid	(277)	(333)
Net cash from operations	2.015.517	648.444
Cash flow used for investing activities	(1.604.061)	(258.061)
Cash flow used for financing activities	(71.864)	535.127
Net increase/(decrease) in cash and cash equivalents and bank overdrafts	339.592	925.510
Cash and cash equivalents and bank overdrafts at beginning of period	(275.282)	(1.223.149)
Cash and cash equivalents and bank overdrafts at end of period	64.310	(297.639)