Karyes Investment Public Company LTD

Quarterly Report • Jun 18, 2021

Condensed interim unaudited statement of profit and loss account and other comprehensive income for the period from 1 January 2020 to 30 June 2020

	1/01/2020- 30/06/2020 €	1/01/2019- 30/06/2019 €
Interest receivable from loans calculated based on the effective interest rate method	103.216	3.868
Loss on the sale and revaluation of investments	-	(51.821)
Total profit / (loss)	103.216	(47.953)
Administrative and other operating expenses	(37.629)	(46.103)
Other expenses	-	(796)
Profit / (loss) from operating activities	65.587	(94.852)
Finance costs	(87)	(429)
Net profit / (loss) for the period	65.500	(95.281)
Other comprehensive income	-	-
Total income / expenses for the period	65.500	(95.281)
Earnings / (loss) per share attributable to the Company's shareholders (cents)	0.30	(0.43)

Condensed interim unaudited statement of financial position as at 30 June 2020

	30/06/2020 €	31/12/2019 €
ASSETS
Non-current assets
Trade and other receivables	5.016.215	4.916.672
Current assets
Trade and other receivables	287.676	284.008
Investments at fair value	3.926.852	3.926.852
Cash at bank	737	773
	4.215.265	4.211.633
Total assets	9.231.480	9.128.305
EQUITY AND LIABILITIES
Equity
Share capital	5.500.000	5.500.000
Accumulated profits	3.480.992	3.415.492
Total equity	8.980.992	8.915.492
Current liabilities
Trade and other creditors	250.145	212.520
Borrowings	85	35
Current tax liabilities	258	258
	250.488	212.813
TOTAL EQUITY AND LIABILITIES	9.231.480	9.128.305
Net asset value per share (cents)	40.77	40.52

Condensed interim unaudited statement of changes in equity for the period from 1 January 2020 to 30 June 2020

	Share capital €	Accumulated profits €	Total equity €
Balance as at 1 January 2019	5.000.000	2.210.134	7.710.134
Total expenses
Net loss for the period	-	(95.281)	(95.281)
Balance as at 30 June 2019	5.000.000	2.114.853	7.614.853
Balance as at 1 January 2020	5.500.000	3.415.492	8.915.492
Total expenses
Net profit for the period	-	65.500	65.500
Balance as at 30 June 2020	5.500.000	3.480.992	8.980.992

Condensed interim unaudited statement of cash flows for the period from 1 January 2020 to 30 June 2020

	1/01/2020- 30/06/2020 €	1/01/2019- 30/06/2019 €
Cash flow from operating activities
(Loss) / profit for the period Adjustments for:	65.500	(95.281)
Loss on sale and revaluation of investments at fair value
through profit and loss	-	51.821
	65.500	(43.460)
Changes in working capital:
Increase in trade and other receivables	(103.211)	(2.905)
Increase in trade and other creditors	37.625	45.255
Cash for operating activities Taxation	(86) -	(1.110) -
Net decrease in cash and cash equivalents	(86)	(1.110)
Cash and cash equivalents at beginning of period	738	1.211
Cash and cash equivalents at end of period	652	101