K. Kythreotis Holdings Public LTD

Interim / Quarterly Report • Sep 26, 2019

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30 JUNE 2019

	Half year ended 30 June
	2019	2018
	€	€
Income	6.969.241	5.041.324
Cost of sales	(5.952.987)	(4.128.545)
Gross profit	1.016.254	912.779
Selling and marketing expenses	(34.520)	(50.013)
Administrative expenses	(512.879)	(501.212)
Other income	20.820	19.605
Other profit / (losses) – net	11.312	(7.146)
Operating profit	500.987	374.013
Finance cost	(31.659)	(12.562)
Profit before taxation	469.328	361.451
Tax charge	(81.055)	(41.385)
Profit for the period	388.273	320.066
Earnings per share attributable to the Company shareholders during the period
- Basic and fully diluted (cents)	0.91	0.75

K. KYTHREOTIS HOLDINGS PUBLIC LTD

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2019

30.06.2019 31.12.2018 € € ASSETS Non-current assets Property, plant and equipment 6.206.909 5.393.653 Property investment 2.658.000 2.498.000 Goodwill 1.382.206 1.382.206 Other assets - 126.570 10.247.115 9.400.429 Current assets Stocks 1.660.055 1.535.702 Trade receivables 3.993.196 3.139.236 Other receivables 351.479 152.227 Other assets 91.749 209.930 Conventional assets 45.935 45.935 Financial assets at fair value through profit and loss 9.761 16.121 Cash at bank and in hand 197.989 247.345 6.350.169 5.346.496 Total Assets 16.597.284 14.746.925 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 670.760 670.847 Other reserves 39.761 39.761 Reserve from conversion of share capital into euro 36.513 36.513 Earning retained 1.473.923 1.510.150 Total equity 11.456.633 11.492.947 Non-current liabilities 92.222 - Deferred taxation 277.029 195.887 369.251 195.887 Current liabilities Trade and other creditors 2.398.839 1.655.412 Provision for claims 175.522 175.522 Current tax liabilities - - Bank overdrafts 2.197.039 1.227.157 4.771.400 3.058.091 Total liabilities 5.140.651 3.253.978 Total equity and liabilities 16.597.284 14.746.925

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 2019

	Share Capital €	Share premium reserve €	Revaluation reserve €	Other reserves €	Reserve from conversion of share capital into Euro €	Earnings retained €	Total €
Balance as at
1 January 2018	7.216.500	2,019.176	613.314	39.761	36.513	1.289.282	11.214.543
Total income
Profit for the period Other total income	-	-	-	-	-	320.066	320.066
Financial assets available for sale:
Fair value losses	-	-	4.413	-	-	-	4.413
Total other comprehensive income	-	-	4.413	-	-	-	4.413
Total income for the period	-	-	4.413	-	-	-	4.413
Transactions with owners
Dividend payable Total transactions with owners	- -	- -	- -	- -	- -	(424.500) (424.500)	(424.500) (424.500)
Balance as at 30 June 2018	7.215.600	2,019.176	617.727	39.761	36.513	1.184.848	11.114.525
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 Land and buildings:
Deferred taxation	-	-	(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

K. KYTHREOTIS HOLDINGS PUBLIC LTD UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2019

Half year ended 30 June
2019	2018
€	€
469.328	361.451
	263.338
	624.789
(521.665)	(287.469)
222.686	337.320
	-
222.686	337.320
(1.210.265)	(541.180)
(31.659)	(12.562)
(1.019.238)	(216.422)
(979.812)	133.034
(1.999.050)	(83.388)
	275.023 744.351 -