Ellinas Finance Public Company Ltd

CONSOLIDATED FINANCIAL STATEMENT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2020

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

	30/06/2020	30/06/2019
Turnover	653,182	564,826

Interest Income	361,377	231,490
Income from fees and commissions	284,163	323,234
Expenses from fees and commissions	(77,833)	(101,571)
Net fees and commissions income	206,330	221,663
Other operating income	7,642	10,102
Net (loss)/gain from investing activities	(14,823)	5,362

Total Net Income	560,526	468,617
Staff cost	(238,646)	(244,027)
Depreciation	(38,568)	(24,669)
Administration and other expenses	(124,045)	(172,994)
Operating profit before provision for impairment of bad debtors	159,267	26,927
Net recovery/(provision) for bad debts	196,548	205,752
Operating profit before net finance income	355,815	232,679
Finance income	-	-
Finance expense	(40,417)	(17,572)
Net finance income	(40,417)	(17,572)
Profit before tax	315,398	215,107
Tax	(152)	(927)
Net Profit	315,246	214,180

Total equity and liabilities	12,462,119	14,841,221
Total current liabilities	2,122,487	4,804,074
Trade and other payables	1,900,785	4,642,936

Lease liability	25,881	26,242
Debenture	7,583	43,556
Bank overdrafts	188,238	91,340
Current liabilities
Total non-current liabilities	2,136,938	2,149,699
Trade and other payables	136,938	149,699
Debenture	2,000,000	2,000,000
Non-current liabilities
Total equity attributable to equity holders	8,202,694	7,887,488
Retained earnings	1,002,694	687,448
Share capital	7,200,000	7,200,000
Equity
Total assets	12,462,119	14,841,221
Total current assets	10,549,181	12,898,753
Cash and cash equivalents	986,147	4,478,921
Refundable tax	82,119	82,119
Financial assets at fair value through profit or loss	92,017	88,424
Current assets Trade and other receivables	9,388,898	8,249,289
Total non-current assets	1,912,938	1,942,468
Deferred taxation	68,123	68,123
Available-for-sale financial assets	510,644	510,644
Intangible assets	4,196	4,077
Investment properties	1,114,777	1,131,982
Right to use assets	159,037	173,123
Property, plant and equipment	56,161	54,519
Non-current assets
	30/06/2020 €	31/12/2019 €

	Share Capital	Revaluation reserves	Retained earnings	Total
	€	€	€	€
Balance as of 1 January 2019	7,200,000	65,166	315,625	7,580,791
Total comprehensive income for the period Dividend	- -	- -	214,180 -	214,180 -
Balance as of 30 June 2019	7,200,000	65,166	529,805	7,794,971

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