Interfund Investments PLC

Annual / Quarterly Financial Statement • Sep 29, 2021

CONDENSED STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME for the period ended 30 June 2021

	Period ended 30 June		Year ended 31 December
	2021	2020	2020
	€	€	€
Income	50.591	(588.848)	(243.590)
Profit from investing activities	-	-	-
Administrative expenses	(152.822)	(105.157)	(296.882)
Profit/(Loss) from operations	(102.231)	(694.005)	(540.472)
Finance income	79	75.470	9.968
Finance costs	(5.739)	(3.631)	(19.395)
	(5.660)	71.839	(549.899)
(Loss) before taxation	(107.891)	(622.166)	(549.899)
Taxation	-	-	-
Net (loss) for the period	(107.891)	(622.166)	(549.899)
Other total income	-	-	-
Total (loss) for the year	(107.891)	(622.166)	(549.899)
(Loss) per share (cents)	(0.10)	(1.10)	(0.49)

CONDENSED STATEMENT OF FINANCIAL POSITION

for the period ended 30 June 2021

	30 June 30 June 2021		31 December 2020
	€	€	€
ASSETS
Current assets
Amounts receivable and prepayments	-	9.520	-
Financial assets at fair value	10.402.266	2.821.682	9.375.419
Cash and cash equivalents	7.280.289	5.877.725	8.396.528
	17.682.555	8.708.927	17.771.947
Total assets	17.682.555	8.708.927	17.771.947
EQUITY AND LIABILITIES Equity and reserves
Share capital	14.663.188	7.350.837	14.663.188
Share premium reserve	4.183.040	2.495.574	4.183.040
Accumulated (loss)	(1.398.900)	(1.363.277)	(1.291.010)
	17.447.328	8.483.134	17.555.218
Current liabilities
Other creditors and amounts due	206.428	196.995	187.930
Tax due	28.799	28.798	28.799
	235.227	225.793	216.729
Total equities and liabilities	17.682.255	8.708.927	17.771.947
Net asset value of share (cents)	15.47	15.00	15.56

-

STATEMENT OF CHANGES IN EQUITY

for the period ended 30 June 2021

	Share capital €	Share Premium Reserve €	Accumulated profits €	Total Equity €
Balance as at 1 January 2020	7.350.837	2.495.574	(741.111)	9.105.300
Loss for the period	-	-	(622.166)	(622.166)
Balance as at 30 June 2020	7.350.837	2.495.574	(1.363.277)	8.483.134

	Share capital	Share Premium Reserve	Accumulated profits	Total Equity
	€	€	€	€
Balance as at 1 January 2021	14.663.188	4.183.040	(1.291.009)	17.555.219
Loss for the period	-	-	(107.891)	(107.891)
Balance as at 30 June 2021	14.663.188	4.183.040	(1.398.900)	17.447.328

CONDENSED STATEMENT OF CASH FLOWS

for the period ended 30 June 2021

	Period ended 30 June 2021 €	Period ended 30 June 2020 €
CASH FLOW FROM OPERATING ACTIVITIES
Profit / (loss) before taxation Adjustments for:	(107.891)	(622.166)
Gain on fair values in financial assets at fair value through profit and loss	(50.591)
Credit dividends	-	(6.300)
Debit interest	4.317
Credit interest	(79)	(4.265)
	(154.244)	(632.731)
Changes in working capital
Decrease/(increase) in other receivables	-	(2.327)
Decrease/(increase) in financial assets at fair value through profit and loss	-	(1.402.835)
(Increase) in fixed-term deposits	-	(2.511.639)
(Decrease)/increase in trade and other creditors	18.497	13.266
Cash (for) operations	(135.747)	(4.536.266)
Interest received	-	4.265
Dividends received	-	6.300
Tax paid		(48.744)
Net cash from operations	(135.747)	(4.574.445)
CASH FLOW FROM INVESTING ACTIVITIES		-
Investment in financial assets at fair value through profit and loss Interest received	(976.254) -	- -
Net cash from investing activities	(976.254)	-
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of shares	-	-
Interest paid	(4.317)	-
Interest received	79
Net cash (for) financing activities	(4.238)	-
Net increase/decrease in cash and cash equivalents	(1.116.239)	(4.574.445)
Cash and cash equivalents at beginning of period	8.396.528	7.087.672
Cash and cash equivalents at end of period	7.280.289	2.513.227