K. Kythreotis Holdings Public LTD

Interim / Quarterly Report • Sep 17, 2020

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30 JUNE 2020

	Half year ended 30 June
	2020	2019
	€	€
Income	6.124.342	6.969.241
Cost of sales	(5.101.891)	(5.952.987)
Gross profit	1.022.451	1.016.254
Sales and marketing expenses	(11.934)	(34.520)
Administrative expenses	(559.042)	(512.879)
Other income	28.139	20.820
Other (losses) / profit – net	(3.835)	11.312
Operating profit	475.779	500.987
Finance cost	(34.083)	(31.659)
Profit before taxation	441.696	469.328
Tax charge	(64.804)	(81.055)
Profit for the period	376.892	388.273
Earnings per share attributable to the Company shareholders during the period
- Basic and fully diluted (cents)	0.89	0.91

K. KYTHREOTIS HOLDINGS PUBLIC LTD

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2020

30.06.2020 31.12.2019 € € ASSETS Non-current assets Property, plant and equipment 6.437.220 6.466.743 Property investment 2.063.000 2.063.000 Goodwill 1.382.206 1.382.206 Other assets - 110.000 9.882.426 10.021.949 Current assets Stocks 2.069.234 1.987.365 Trade receivables 3.595.027 3.433.004 Other receivables 57.054 36.416 Other assets 97.355 138.538 Tax receivable 12.932 12.932 Conventional assets 45.935 45.935 Financial assets at fair value through profit and loss 5.562 9.407 Cash at bank and in hand 206.325 203.784 6.089.424 5.867.381 Total Assets 15.971.850 15.889.330 EQUITY AND LIABILITIES Share capital and reserves Share capital 7.216.500 7.216.500 Share premium reserve 2.019.176 2.019.176 Revaluation reserve - 657.531 Other reserves 39.761 39.761 Reserve from conversion of share capital into euro 36.513 36.513 Earnings retained 2.138.981 1.762.096 Total equity 12.108.790 11.731.577 Non-current liabilities Trade and other creditors 38.428 63.509 Borrowings 475.964 - Deferred taxation 347.816 328.274 862.208 391.783 Current liabilities Trade and other creditors 2.183.518 2.163.515 Provision for claims 175.522 175.522 Borrowings 93.246 - Current tax liabilities 44.601 - Bank overdrafts 503.964 1.426.933 3.000.851 3.765.977 Total liabilities 3.863.059 4.157.760 Total equity and liabilities 15.971.849 15.889.330

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 30 JUNE 2020

	Share	Share premium	Revaluation	Other	Reserve from conversion of share capital into Euro	Earnings
	Capital €	reserve €	reserve €	reserves €	€	retained €	Total €
Balance as at 1 January 2019 Total income	7.216.500	2,019.176	670.847	39.761	36.513	1.510.150	11.492.947
Profit for the period	-	-	-	-	-	388.273	388.273
Other total income Financial assets available for sale:
Fair value losses	-	-	(87)	-	-	-	(87)
Total other comprehensive income	-	-	(87)	-	-	-	(87)
Total income for the period	-	-	(87)	-	-	-	(87)
Transactions with owners Dividend payable	-	-	-	-	-	(424.500)	(424.500)
Total transactions with owners	-	-	-	-	-	(424.500)	(424.500)
Balance as at 30 June 2019	7.216.500	2.019.176	670.760	39.761	36.513	1.473.923	11.456.633
Balance as at 1 January 2020	7.216.500	2,019.176	657.531	39.761	36.513	1.762.096	11.731.577
Total income
Profit for the period	-	-	-	-	-	376.885	376.885
Other total income Land and buildings:
Deferred taxation	-	-	328	-	-	-	328
Total other comprehensive income	-	-	328	-	-	-	328
Total income for the period	-	-	328	-	-	-	328
Balance as at 30 June 2020	7.216.500	2.019.176	657.859	39.761	36.513	2.138.981	12.108.790

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2020

	Half year ended 30 June
	2020	2019
	€	€
Cash flow from operations
Profit before taxation	441.696	469.328
Adjustments for items not affecting cash movement	325.502	275.023
	767.198	744.351
Changes in working capital	(118.421)	(521.665)
Cash from operations	648.777	222.686
Tax paid	(333)	-
Net cash from operations	648.444	222.686
Cash flow used for investing activities	(258.061)	(1.210.265)
Cash flow used for financing activities	535.127	(31.659)
Net increase (decrease) in cash and cash equivalents and bank overdrafts	925.510	(1.019.238)
Cash and cash equivalents and bank overdrafts at beginning of
period	(1.223.149)	(979.812)
Cash and cash equivalents and bank overdrafts at end of period	(297.639)	(1.999.050)