Interim statement of comprehensive income for the period from 1 January to 30 June 2020

	Half year ended 30 June
	2020	2019
	€	€
Cost of sales	(-)	(-)
Loss in financial assets at fair value through profit or loss	-	-
Administrative expenses	(22.151)	(25.855)
Other profits	24.992	24.693
Operating profit/(loss)	2.841	(1.162)
Finance costs	(123.860)	(118.935)
Loss before taxation	(121.019)	(120.097)
Taxation charge	-	-
Loss for the period	(121.019)	(120.097)

Other comprehensive income for the period after taxation	-	-
Comprehensive losses for the period	(121.019)	(120.097)

Loss per share (cents per share):
Basic	(1.24)	(1.20)

Interim balance sheet as at 30 June 2020

		31 December
	2020	2019
	€	€
Assets
Non-current assets
Plant and equipment	-	-
Current assets
Stocks	1.665.660	1.665.660
Trade receivables	33.200	33.200
Financial assets at amortised cost	1.263.992	1.254.200
Financial assets at fair value through profit or loss	1.120	1.120
Cash and cash equivalents	3.532	12.820
	2.967.504	2.967.030
Total assets	2.967.604	2.967.030

Equity and liabilities
Capital and reserves
Share capital	499.392	499.392
Share premium reserve	807.523	807.523
Accumulated losses	(2.695.052)	(2.574.033)
Difference from conversion of share capital into Euro	12.565	12.565

	(1.375.572)	(1.254.553)
Non-current liabilities
Borrowings	-	-
Current liabilities
Current tax liabilities
Other creditors	5.628	5.628
Borrowings	13.362	15.589
	4.324.086	4.200.366
	4.343.076	4.221.583
Total liabilities	4.343.076	4.221.583

Total equity and liabilities	2.967.504	2.967.030

		Share premium	Difference from conversion of share capital	Accumulated
	Share capital	reserve	into Euro	losses	Total
	€	€	€	€	€
Balance as at 1 January 2019	499.392	807.523	12.565	(2.342.109)	(1.022.629)
Comprehensive losses Loss for the period	-	-	-	(120.097)	(120.097)
Balance as at 30 June 2019	499.392	807.523	12.565	(2.462.206)	(1.142.726)
Balance as at 1 January 2020	499.392	807.523	12.565	(2.574.033)	(1.254.553)
Comprehensive losses Loss for the period	-	-	-	(121.019)	(121.019)
Balance as at 30 June 2020	499.392	807.523	12.565	(2.695.052)	(1.375.572)

	Half year ended
	30 June
	2020	2019
	€	€
Cash flow from operations
Loss before taxation	(121.019)	(120.097)
Adjustments for:
Depreciation of property and equipment	-	-
Fair value loss in financial assets at fair value through profit or loss	-	-
Credit interest	(24.992)	(24.693)
Debit interest	123.860	118.935
	(22.151)	(25.855)
Changes in working capital:
Stocks	-	-
Financial assets at amortised cost	(9.762)	(6.518)
Other creditors	(2.367)	7.599

Cash used for operations	(34.280)	(24.774)
Taxation paid	-	-

Net cash for operations	(34.280)	(24.774)

Cash flow from investing activities
Proceeds from loan repayments to affiliated parties	-	-
Interest received	24.992	24.693

Net cash from investing activities	24.992	24.693

Cash flow from financing activities

(Payments)/proceeds from borrowings – net	-	-
Interest paid	-	-

Net cash from financing activities	-	-
Net (decrease)/increase in cash and cash equivalents	(9.288)	(81)
Cash and cash equivalents at beginning of period	12.820	1.427

Cash and cash equivalents at end of period	3.532	1.346