Salamis Tours (Holdings) Public LTD

	30/06/2021 €	30/06/2020 €
Turnover	26.064.823	22.039.638
Cost of sales	(18.734.352)	(17.001.009)
Gross profit	7.330.471	5.038.629
Administrative expenses	(2.073.246)	(2.242.824)
Sales expenses	(28.483)	(54.323)
Depreciation of property, vessels and equipment	(1.210.079)	(1.353.852)
Depreciation of assets with right of use	(38.109)	(38.109)
	(3.349.917)	(3.689.108)
Profit from operating activities	3.980.554	1.349.521
	351.983	87.200
Other income Net finance income (expenses)	129.889	(78.868)
Profit before taxation	4.462.426	1.357.853
Taxation	(203.839)	(72.700)
Net profit for the period	4.258.587	1.285.153
Attributable to:
Shareholders of the parent company	4.077.356	1.102.315
Minority interest	181.231	182.838
	4.258.587	1.285.153
	cents	cents
Basic and fully diluted earnings per share	11.16	3.02

CONDENSED UNAUDITED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	30/06/2021 €	30/06/2020 €
Net profit for the period	4.258.587	1.285.163
Other comprehensive (costs) / income	20.978	(415.040)
Comprehensive income for the period	4.279.565	870.113

Comprehensive income attributable to:
Shareholders of parent company	4.098.334	687.275
Minority interest	181.231	182.838
	4.279.565	870.113

	30/06/2021	31/12/2020
ASSETS	€	€
Non-Current Assets
Property, vessels, plant and equipment	25.117.490	20.793.029
Assets with right of use	115.536	153.645
Financial assets at fair value
through other total income	2.043.179	2.022.201
Loan to associated company	341.720	341.720
	27.617.925	23.310.595
Current assets
Inventories	773.547	414.570
Trade and other receivables	4.832.278	3.929.380
Cash at bank and in hand	23.230.749	22.889.838
	28.836.574	27.233.788
Total assets	56.454.499	50.544.383
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Reserves	31.665.674 27.567.340
Equity attributable to the shareholders	47.373.203	43.274.869
Minority interest	937.877	756.646
Total equity	48.311.080	44.031.515
Non-current liabilities
Lease obligations	44.145	81.300
Trade and other creditors	294.000	294.000
Deferred tax liabilities	1.150.161	1.150.161
	1.488.306	1.525.461
Current liabilities
Trade and other creditors	6.263.141	4.741.552
Borrowings	-	2.466
Lease obligations	76.240	77.558
Current tax liabilities	220.089	68.783
Dividend payable	95.643	97.048
	6.655.113	4.987.407
Total liabilities	8.143.419	6.512.868
Total equity and liabilities	56.454.499	50.544.383
		6

	Share capital €	Issue of shares at a premium €	Fair value reserves €	Accumulated profits €	Minority interest €	Total €
Balance as at 1 January 2020	15.707.529	937.067	4.197.533	20.781.341	250.597	41.874.067
Change in fair value	-	-	(415.040)	-	-	(415.040)
Net profit for the period	-	-	-	1.102.315	182.838	1.285.153
Balance as at 30 June 2020	15.707.529	937.067	3.782.493	21.883.656	433.435	42.744.180
Balance as at 1 January 2021	15.707.529	937.067	4.196.377	22.433.896	756.646	44.031.515
Change in fair value	-	-	20.978	-	-	20.978
Net profit for the period	-	-	-	4.077.356		181.231 4.258.587
Balance as at 30 June 2021	15.707.529	937.067	4.217.355	26.511.252	937.877	48.311.080

	30/06/2021 €	30/06/2020 €
Profit before taxation	4.462.426	1.357.853
Adjustments for:
Depreciation of property, vessels and equipment	1.210.079	1.353.852
Depreciation of assets with right of use	38.109	38.109
Unrealised foreign exchange loss (profit)	(172.253)	21.939
Interest income	(9.998)	(34.878)
Interest expenses	2.212	4.377
Income from dividends	(24.878)	(27.067)
Gain on the sale of property, vessels and equipment	(177.098)	(739)
Cash flow before changes in working capital	5.328.599	2.713.446
Decrease (increase) in inventories	(358.977)	95.835
Decrease (increase) in trade and other debtors	(902.898)	1.073.836
(Decrease) increase in trade and other creditors	1.521.589	(1.391.893)
Cash flow from operating activities	5.588.313	2.491.224
Taxation
Tax paid	(52.533)	(1.478)
Net cash from operating activities	5.535.780	2.489.746
Investing activities
Payment for purchase of property, vessels and equipment	(5.548.492)	(831.262)
Proceeds from sale of property, vessels and equipment	191.050	1.970
Interest received	9.998	34.878
Dividends received	24.878	27.067
Decrease in fixed-term deposits of over three months	-	496.243
Net cash for investing activities	(5.322.566)	(271.104)
Financing activities
Interest paid	(87)	(1.111)
Repayment from leases – interest	(2.125)	(3.266)
Repayment from leases – capital	(38.473)	- (37.206)
Payment of dividends	(1.405)	(184)
Net cash for financing activities	(42.090)	(41.767)
Net increase in cash and cash equivalents	171.124	2.176.875
Cash and cash equivalents at beginning of period	22.277.588	19.238.867

Impact of changes in exchange rates on cash
and cash equivalents	172.253	(21.939)

Cash and cash equivalents at end of period	22.620 .965	21.393.803