The Cyprus Cement Public Company LTD

Interim / Quarterly Report • Sep 28, 2020

THE CYPRUS CEMENT PUBLIC COMPANY LIMITED

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2020 to 30 June 2020

Interim Condensed Consolidated Income Statement and other Comprehensive Income for the period from 1 January 2020 to 30 June 2020

	30 June 2020 Unaudited €000	30 June 2019 Unaudited €000
Revenue Administrative expenses	164 (403) ___	174 (362) ___
Operating loss	(239)	(188)
Share of profit from investments accounted for using equity method	1.231	2.636
Profit before tax Taxation	___ 1.231 -	___ 2.448 (6)
Profit for the period	___ 992 =========	___ 2.442 =========
Other comprehensive income Share of reserves of investments accounted for using equity method	(13)	2
Total comprehensive income for the period	___ 979 =========	___ 2.444 =========
Profit for the period attributable to: Owners of the company Non-controlling interest	1.002 (10) ___ 992 =========	2.448 (6) ___ 2.442 =========
Profit per share attributable to the shareholders of the Company (cent per shares): Basic and fully diluted	0,73 =========	1,78 =========

Interim Condensed Consolidated Balance Sheet at 30 June 2020

	30 June 2020 Unaudited €000	31 December 2019 Audited €000
Assets
Non-current assets
Property, plant and equipment Investment property	5 238.156	9 238.131
Investments accounted for using the equity method	59.618	58.401
Investments held at fair value through other
comprehensive income	20.703	20.703
	_____ 318.482	_____ 317.244
Current assets	_____	_____
Financial assets at amortised cost	11.376	10.881
Other non financial assets	192	139
Cash and cash equivalents at bank	654 _____	1.578 _____
	12.222	12.598
Total assets	_____ 330.704	_____ 329.842
	===========	===========
Equity and liabilities
Equity attributable to owners of the parent Share capital	59.173	59.173
Share premium	910	910
Fair value reserve	105.550	105.563
Revenue reserve	17.236	17.236
Other reserves Retained earnings	(15) 95.492	(15) 94.489
	_____	_____
	278.345 _____	277.356 _____
Non-controlling interest	6.745 _____	6.756 _____
Total equity	285.090	284.112
Non-current liabilities	_____	_____
Deferred tax liabilities	45.213	45.213
Provisions	300 _____	300 _____
	45.513 _____	45.513 _____
Current liabilities
Trade and other payables	101 _____	217 _____
	101 _____	217 _____
Total liabilities	45.614 _____	45.730 _____
Total equity and liabilities	330.704	329.842
	===========	===========

Interim Condensed Consolidated statement of changes in equity for the period ended 30 June 2020

	At trib uta ble to f th Co ow ne rs o e mp an y
	Sh are Ca ita l p €0 00	Sh are Pre miu m €0 00	Fa ir v alu e res erv e €0 00	Ot he r res erv es €0 00	Re ve nu e Re se rve €0 00	Re tai d ne Ea rni ng s €0 00	To tal €0 00	No n ntr olli co ng Int st ere €0 00	To tal uity eq €0 00
Ba lan 1 Ja 20 19 at ce nu ary	59 .17 3	91 0	105 .58 2	17 .23 6	( 15 )	92 .15 4	27 4.0 40	6.7 73	28 1.8 13
Co reh siv e i mp en nc om e Pro fit for th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 2.4 48	__ 2.4 48	_ ( 6 )	__ 2.4 42
Ot he he ive in r c om pre ns co me Sh f fa ir v alu d o the are o e r es erv es an r f a cia ted ies res erv es o sso co mp an	_ -	_ -	__ 2	__ -	__ -	_ -	__ 2	_ -	__ 2
To tal reh siv e i fo r th co mp en nco me e rio d pe	_ -	_ -	__ 2	__ -	__ -	_ 2.4 48	__ 2.4 50	_ ( ) 6	__ 2.4 43
Ba lan at 30 Ju 20 19 ce ne (u ud ite d ) na	_ 59 .17 3 = === === === =	_ 91 0 === === === ==	__ 105 .58 4 === === === ===	__ 17 .23 6 === === === ===	__ ( 15 ) === === === ===	_ 94 .60 1 === === === ==	__ 27 7.4 89 === === === ===	_ 6.7 67 === === === ==	__ 28 4.2 56 === === === ===
Ba lan at 1 Ja 20 20 ce nu ary	59 .17 3	91 0	105 .56 3	17 .23 6	( 15 )	94 .48 9	27 7.3 56	6.7 56	28 4.1 12
Co reh siv e i mp en nc om e fit for Pro th eri od e p	_ -	_ -	__ -	__ -	__ -	_ 1.0 02	__ 1.0 02	__ ( ) 10	__ 99 2
Ot he he ive in r c om pre ns co me Sh f fa ir v alu d o the are o e r es erv es an r f a cia ted ies res erv es o sso co mp an	_ -	_ -	__ ( 13 )	__ -	__ -	_ -	__ ( 13 )	__ -	__ ( 13 )
To tal reh siv e i fo r th co mp en nco me e rio d pe	- __ __ __ __	- __ __ __ __	( 13 )	-	-	1.0 02 __ __ __ __	98 9	( 10 )	97 8
Ba lan at 30 Ju 20 20 ce ne (u ud ite d ) na	59 .17 3 === === === =	91 0 === === === ==	105 .55 0 === === === ==	17 .23 6 === === === ==	( 15 ) === === === ===	95 .49 2 === === === =	27 8.3 45 === === === ==	6.7 45 === === === ==	28 5.0 90 === === === ==

Interim Condensed Consolidated statement of cash flows for the period ended 30 June 2020

€000 Cash flows from operating activities Cash used in operations (634) Taxation - _ _ Net cash used in operating activities (634)	€000 (2.317) 6 (2.313)
_ _ Cash flows from investing activities Proceeds from dividends received - Loans granted to related parties (265) Additional expenditure relating to investment property (25)	2.184 (1.871) (5)
_ _ Net cash (used)/from investing activities (290) _ _	308
Cash flows from financing activities Interest paid -	-
_ _ Net cash used in financing activities - _ _	-
Net decrease in cash and cash equivalents (924)	(2.003)
Cash and cash equivalents at beginning of period 1.578	2.009
_ _ Cash and cash equivalents at end of period 654 ========== ==========	6