Agros Development Company "Proodos" Public LTD

Interim / Quarterly Report • Sep 14, 2021

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the period from 1 January 2021 to 30 June 2021

	1 January 2021 to 30 June 2021 €	1 January 2020 to 30 June 2020 €
Revenue	472.556	754.034
Cost of sales	(327.645)	(554.958)
Gross profit/(loss)	144.911	199.076
Administrative and selling expenses	(123.269)	(113.070)
Depreciation charge	(160.779)	(153.561)
Other operating expenses	(18.707)	(19.425)
Operating profit/(loss)	(157.844)	(86.980)
Net Finance expenses	(66.983)	(60.238)
Profit/(loss) before taxation	(224.827)	(147.218)
Taxation	-	(33.649)
Profit/(loss) for the period	(224.827)	(180.867)
Other comprehensive income
Decrease in deferred tax for the revaluation of land	-	(941)
Other comprehensive income for the period	-	(941)
Total profit/(loss) for the period	(224.827)	(181.808)
Basic and diluted profit/(loss) per share (Cent)	(6,26)	(5,04)

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

As at 30 June 2021

ASSETS	Unaudited 30 June 2021 €	Audited 31 December 2020 €
Property, plant and equipment Deferred Tax Asset Total non-current assets	10.926.067 99.396 11.025.463	10.606.309 99.396 10.705.705
Inventories Properties for development Trade and other receivables Cash and cash equivalents	60.767 656.142 165.093 579.979	61.905 656.142 98.710 96.162
Total current assets	1,461.981	912.919
Total assets	12.487.444	11.618.624
EQUITY
Share capital Reserves Total equity LIABILITIES	6.139.268 (745.826) 5.393.442	6.139.268 (520.999) 5.618.269
Long-term portion of bank loans Deferred tax liabilities Total non-current liabilities	4.967.348 809.896 5.777.244	4.487.843 809.896 5.297.739
Bank overdraft Short-term portion of bank loans Trade and other payables Deferred income Total current liabilities	534.223 570.000 193.446 19.089 1.316.758	40.665 451.673 188.962 21.316 702.616
Total liabilities	7.094.002	6.000.355
Total equity and liabilities	12.487.444	11.618.624