Interfund Investments PLC

Annual / Quarterly Financial Statement • Jun 17, 2020

STATEMENT OF TOTAL INCOME for the year ended 31 December 2019

	2019 €	2018 €
Income	408.707	(757.150)
Profit from investing activities	371	-
Administrative expenses	(319.796)	(345.445)
Profit/(Loss) from operations	89.282	(1.102.595)
Finance income	425.289	-
Finance costs	(3.667)	(334.801)
Profit / (Loss) before taxation	510.904	(1.437.396)
Taxation	(1.772)	(102.371)
Net profit /(loss) for the year	509.132	(1.539.767)
Other total income	-	-
Total income for the year	509.132	(1.539.767)
Profit / (loss) per share attributed to shareholders of the Company (cents)	0.90	(2.72)

INTERFUND INVESTMENT PLC

STATEMENT OF FINANCIAL POSITION for the year ended 31 December 2019

	2019 €	2018 €
ASSETS
Current assets
Other amounts receivable	-	4.454
Financial assets at fair value through profit and loss	1.407.819	4.489.046
Cash at bank and in hand	7.940.532	4.516.803
	9.348.351	9.010.303
Total assets	9.348.351	9.010.303
EQUITY AND LIABILITIES
Equity
Share capital	7.350.837	7.350.837
Share premium reserve	2.495.574	2.495.574
Accumulated losses	(741.111)	(1.250.243)
Total equity	9.105.300	8.596.168
Current liabilities
Trade and other creditors	165.508	336.592
Current tax liabilities	77.543	77.543
	243.051	414.135
Total equities and liabilities	9.348.351	9.010.303

INTERFUND INVESTMENT PLC

STATEMENT OF CHANGES IN NET POSITION for the year ended 31 December 2019

		Share	Accumulated
	Share capital	Premium	profits /(losses)	Total
		Reserve
	€	€	€	€
Balance as at 1 January
2018	7.350.837	2.495.574	289.524	10.135.935
Total income
Net loss for the year	-	-	(1.539.767)	(1.539.767)
Total income for the year	-	-	(1.539.767)	(1.539.767)
Balance as at 31
December 2018/1
January 2019	7.350.837	2.495.574	(1.250.243)	8.596.168
Total income
Net profit for the year	-	-	509.132	509.132
Total income for the year	-	-	509.132	509.132
Balance as at 31
December 2019	7.350.837	2.495.574	(741.111)	9.105.300

INTERFUND INVESTMENT PLC

STATEMENT OF CASH FLOWS for the year ended 31 December 2019

	2019	2018
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit / (loss) before taxation	510.904	(1.437.396)
Adjustments for:
Credit dividends	(46.879)	(242.361)
Credit interest	(17.087)	(3.840)
	446.938	(1.683.597)
Changes in working capital
Decrease/(increase) in other amounts receivables	4.454	(4.454)
Decrease in financial assets at fair value through profit and loss	3.081.227	4.029.138
Increase in fixed-term deposits	(302.061)	(550.799)
(Decrease)/increase in trade and other creditors	(171.084)	336.592
Cash fromoperations	3.059.474	2.126.880
Collection of interest	17.087	3.840
Collection of dividends	46.879	242.361
Tax paid	(1.772)	(24.828)
Net cash from operations	3.121.668	2.348.253
CASH FLOW FROM INVESTING ACTIVITIES	-	-
CASH FLOW FROM FINANCING ACTIVITIES	-	-
Net increase in cash and cash equivalents	3.121.668	2.348.253
Cash and cash equivalents at beginning of year	3.966.004	1.617.751
Cash and cash equivalents at end of year	7.087.672	3.966.004