CONSOLIDATED STATEMENT OF PROFIT qR LOSS AND OTHER COMPREMNSIVE INCOME

Forthe vear ended 3l December2020

	2020 €	20t9 €

Revenue	22.568.554 23.638.916
Cost of sales	(13.848.s12) (1s.0s3.387)
Gross profit		8.720.042 8.585.529
Fair value adjustment in biological assets		(t.290.607) 23s.52s
Other operating income		580.896 214.408
Selling and distribution expenses		(s.979.679) (6.12s.146)
Administrative expenses		(1.428.43e) (1.4e4.2s3)
Impairment loss on trade receivables		(16.288) (70.700)
Other operating expenses		(.147.376). (50.000)
Operating profit		438.549 1.295.363
Finance income	s3.030	2.938
Finance costs		o6.s37\ (123.760\
Net finance expenses		(.43.507) (.120.822)
Profit before tax		395.042 r.t74.s4t
Tax		(155.889) (.tsl.479\
Profit for the year		239.t53 t.023.062
Other comprehensive income
Items that will never be reclassified to profit or loss:
Revaluation of land and buildings		32.466
Deferred tax on revaluation of land and buildings		(4t.149)
Other comprehensive income for the year		(8.683)
Total comprehensive income for the year	___239.J s3- J"4J4,319
Basic and fully diluted earnings per share (cent)	_____lJ5 _5,63-

	2020	2019
	€	c

Assets
Properfy, plant and equipment	8.408.658	8.487.t94
Intangible assets and goodwill	663.117	674.119
Biological assets	42.926	r82.926
Deferred tax assets	28.566	95.600
Total non-current assets	9.143.267	9.435.839

Inventories	1.249.456	1.70r.979
Biological assets	9.288.0s8	I 0.43 8.665
Trade and other receivables	1.502.511	t.645.404 16t.579
Refundable tax	41.124 698.9t2	550.728
Cash and cash equivalents Total current assets	12.780i061	t4.498.355
Total assets
	__2J.923.328	___a\$a-lga
Equity
Share capital	2.624.430	2.624.430
Share premium	6.761.5 80	6.761.580
Reserves	6.661.904	6.752.489
Total equity	16.047.914	16.t38.499

Liabilities
Loans and borrowings	168.912	219.492
Lease liabilities	862.049	1.059.621
Defered tax liabilities	780.3 l9	855.1 54
Deferred income	374.394	438.838
Total non-current liabilities	2.185.674	2.s73.r05
Bank overdrafts	717.925	1.451.672
Short term portion of long-term loans	57.704	69.393
Lease liabilities	159.885	1 61.135
Trade and other payables	2.689.781	3.439.504
Deferred income	64.445	100.886
Total current liabilities	3.689.740	5.222.s90
Total liabilities	5.875.4r4	7.795.695

Total equity and liabilities	__2L923_328	___n\$4.r94

On 28 April202l the Board of Directors of Blue Island financial statements for issue. Plc approved and authorised these idated