Ellinas Finance Public Company Ltd

CONSOLIDATED FINANCIAL STATEMENT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2021

CONTENTS	Page
Consolidated statement of profit or loss and other comprehensive income	1
Consolidated statement of financial position	2
Consolidated statement of changes in equity	3

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	30/06/2021 €	30/06/2020 €
Turnover	702.945	653.182

Interest Income	349.939	361.377

Income from fees and commissions	341.539	284.163
Expenses from fees and commissions	(94.545)	(77.833)
Net fees and commissions income	246.994	206.330
Other operating income	11.467	7.642
Net (loss)/gain from investing activities	20.359	(14.823)

Total Net Income	628.759	560.526
Staff cost	(256.346)	(238.646)
Depreciation	(37.362)	(38.568)
Administration and other expenses	(138.809)	(124.045)
Operating profit before provision for impairment of bad debtors	196.242	159.267
Net recovery from bad debts	211.671	196.548
Operating profit before net finance income	407.913	355.815
Finance income
Finance expense	- (47.055)	- (40.417)
Net finance income	(47.055)	(40.417)

Profit before tax	360.858	315.398
Tax	(220)	(152)
Net Profit	360.638	315.246

Basic earnings per share (cents)	2,25	1,97

	30/06/2021	31/12/2020
	€	€
Non-current assets
Property, plant and equipment	46.943	51.099
Right to use assets	158.220	144.950
Investment properties	1.080.367	1.097.572
Intangible assets	1.982	2.638
Available-for-sale financial assets	542.041	548.009
Deferred taxation	66.318	66.318
Total non-current assets	1.895.871	1.910.586
Current assets
Trade and other receivables	10.088.729	9.745.497
Financial assets at fair value through profit or loss	114.676	94.317
Refundable tax	82.119	82.119
Cash and cash equivalents	680.920	674.380
Total current assets	10.966.444	10.596.313
Total assets	12.862.315	12.506.899
Equity
Share capital	7.200.000	7.200.000
Retained earnings	1.254.346	893.708
Total equity attributable to equity holders	8.454.346	8.093.708
Non-current liabilities
Debenture	2.350.000	2.000.000
Trade and other payables	137.291	136.938
Total non-current liabilities	2.487.291	2.136.938
Current liabilities
Bank overdrafts	502.943	517.671
Debenture Lease liability	7.621 26.662	44.606 12.761
Trade and other payables	1.383.452	1.701.215
Total current liabilities	1.920.678	2.276.253
Total equity and liabilities	12.862.315	12.506.899

	Share Capital	Revaluation reserves	Retained earnings	Total
	€	€	€	€
Balance as of 1 January 2020	7.200.000	65.166	622.282	7.887.448
Total comprehensive income for the period Dividend	- -	- -	315.246 -	315.246 -
Balance as of 30 June 2020	7.200.000	65.166	937.528	8.202.694

Balance as of 1 January 2021	7.200.000	81.563	812.145	8.093.708
Total comprehensive income for the period Dividend	- -	- -	360.638 -	360.638 -
Balance as of 30 June 2021	7,200,000	81.563	1.172.783	8.454.346