K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2020 to 30 June 2020

	30 June 2020 Unaudited €000	30 June 2019 Unaudited €000
Revenue Cost of sales	675 (71)	- -
Gross profit	____ 604	____ -
Administrative expenses Selling and marketing expenses Other income	(239) (88) 121 ____	(253) (79) 139 ____
Operating profit/(loss)	398	(193)
Finance costs Share of profit of investment in associates	(157) 322 ____	(159) 786 ____
Profit before tax	563	434
Tax	-	-
Profit for the period	_ 563 _	_ 434 _
Other comprehensive income Share of reserves of associates	(4) ____	1 ____
Total comprehensive income for the period	559 ==========	435 ==========
Profit per share attributable to Company's shareholders
(cent per share): - Basic and fully diluted	0,44 ==========	0,34 ==========

	30 June 2020	31 December 2019
	Unaudited	Audited
Assets	€000	€000
Non-current assets
Property, plant and equipment	31	36
Investments in associates	89.290 _____	88.972 _____
	89.321 _____	89.008 _____
Current assets
Inventories	3.824	3.862
Financial assets at amortised cost	7.624	7.633
Tax refundable Cash and cash equivalents	17 48	17 65
	_____ 11.513	_____ 11.577
	_____	_____
Total Assets	100.834 ===========	100.585 ===========
Equity and liabilities
Capital and reserves
Share Capital	21.860	21.860
Share Premium	1.757	1.757
Reserve of changes in equity of associates	235	239
Reserve arising on translation of share capital into Euro Retained Earnings	86 66.771	86 66.208
Total Equity	_____ 90.709	_____ 90.150
	_____	_____
Non-current liabilities Borrowings	9.473	9.961
	_____ 9.473	_____ 9.961
Current liabilities	_____	_____
Trade and other payables	652 _____	474 _____
	652	474
Total Liabilities	_____ 10.125	_____ 10.435
Total Equity and Liabilities	_____ 100.834	_____ 100.585
	===========	===========

	Share capital €000	Share premium €000	Reserve arising on translation of share capital into Euros €000	Reserve of changes in equity of associates €000	Retained earnings €000	Total €000
Balance at 1 January 2019	21.860	1.757	86	245	66.302	90.250
Profit for the period	___	___	___	____	___	___
	-	-	-	-	434	434
Other comprehensive income Share of reserves of associates	_ - _	_ - _	_ - _	_ 1 _	_ - _	_ 1 _
Total Comprehensive Income for the	-	-	-	1	434	435
period	___	___	___	____	___	___
Balance at 30 June 2019	21.860	1.757	86	246	66.736	90.685
(unaudited)	=========	=========	=========	==========	=========	=========
Balance at 1 January 2020	21.860	1.757	86	239	66.208	90.150
Profit for the period	___	___	___	____	___	___
	-	-	-	-	563	563
Other Comprehensive Income Share of reserves of associates	_ - _	_ - _	_ - _	_ (4) _	_ - _	_ (4) _
Total Comprehensive Income for the	-	-	-	(4)	563	559
period	___	___	___	____	___	___
Balance at 30 June 2020	21.860	1.757	86	235	66.761	90.709
(unaudited)	=========	=========	=========	==========	=========	=========

	30 June 2020 Unaudited	30 June 2019 Unaudited
	€000	€000
Cash flows from operating activities Cash from/(used in) operations	638	(564)
Net cash from/(used in) operating activities	___ 638	___ (564)
Cash flows from investing activities	___	___
Acquisition of property, plant and equipment Proceeds from sale of property, plant and equipment Interest received	- - -	(44) 6 1
Proceeds from repayment of loans from related parties Loans granted to related parties	- (10) ____	264 (8) ____
Net cash (used)/from investing activities	(10) ____	219 ____
Cash flows from financing activities Repayments of bank loans	(645) ____	- ____
Net cash used in financing activities	(645) ____	- ____
Net decrease in cash, cash equivalents and bank overdrafts	(17)	(345)
Cash, cash equivalents and bank overdrafts at the beginning of the period	65 ____	496 ____
Cash, cash equivalents and bank overdrafts at the end of the period	48 ==========	151 ==========

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