Lordos United Public LTD

Interim / Quarterly Report • Sep 20, 2019

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT For the period from 1 January 2019 to 30 June 2019

	01/01/2019- 30/06/2019 €	01/01/2018- 30/06/2018 €
Turnover Cost of sales	10.188.184 (7.761.217)	10.401.524 (7.848.033)
Gross profit	2.426.967	2.553.491
Other income Net (loss)/profit from the sale of property, plant and equipment Distribution and selling expenses Administrative expenses	15.410 (8.104) (1.790.145) (1.801.820) (636.053)	14.757 1.924 (574.890)
Profit/(Loss)from operations	8.075	193.462
Net finance cost Profit /(Loss) before taxation	(205.627) (197.552)	(243.857) (50.395)
Taxation	--	--
Net profit/(loss) for the period	(197.552)	(50.395)
Other total income
Amounts which will or may be reclassified to profit or loss in later periods: Exchange difference created from the translation and consolidation of the financial statements of foreign companies	--	---
Other total income for the period	--	---
Net profit/(loss) for the period	(197.552)	(50.395)
Net profit/(loss) attributable to: Shareholders of holding company Non-controlling interest	(197.552) --	(49.344) (1.051)
Net profit/(loss)	(197.552)	(50.395)
Loss per share attributable to the shareholders of the holding company (cents)	(0.391)	(0.099)

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2019

	30/06/2019 €	31/12/2018 €
Property, plant and equipment	8.816.211	8.348.166
Investment property	10.239.324	10.239.324
Intangible assets	713.754	625.599
Financial assets available for sale	5.126	5.126 225.000
Trade and other receivables	225.000 19.999.415	19.443.215
Current assets
Stocks	9.319.597	9.353.286
Trade and other receivables	7.280.288	7.075.176
Tax refundable Cash at bank and in hand	71.007 94.161	71.007 129.566
	16.765.053	16.629.035
Total assets	36.764.468	36.072.250
EQUITY AND LIABILITIES
Equity
Share capital Share premium reserve	17.687.678	17.687.678 2.811.191
Other reserves	2.811.191 (213.465)	(213.465)
Accumulated (losses)	(790.710)	(593.158)
Total equity	19.494.694	19.692.246
Non-current liabilities
Borrowings	4.862.389	4.387.790
Deferred tax liabilities	1.331.165	1.331.165
	6.193.554	5.718.955
Current liabilities
Trade and other creditors	3.522.153	3.368.170
Borrowings	7.554.067	7.292.879
	11.076.220 10.661.049
Total liabilities	17.269.774	16.380.004
Total equity and liabilities	36.764.468 36.072.250

LORDOS UNITED PLASTICS PUBLIC LTD

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the period 1 January 2019 to 30 June 2019

	Equity attributable to the Company's shareholders
	Share Capital	Share Premium Reserve	Foreign currencies exchange reserve	Accumulated (loss)/profit	Total	Non controlling interest	Total
	€	€	€	€	€	€	€
Balance as at 1 January 2018	17.687.678	2.811.191	(143.296)	(732.486)		19.623.087 (124.318)	19.498.769
Total income Net profit for the period Other total income	-	-		236.220	236.220	33.136	269.356
for the period Exchange difference Transfer of minority	- -	- -	(70.169) -	- (96.892)	(70.169) (96.892)	(5.710) 96.892	(75.879) -
Balance as at 31 December 2018	17.687.678	2.811.191	(213.465)	(593.158)	19.692.246	-	19.692.246
Balance as at 31 December 2018/1 January 2019	17.687.678	2.811.191	(213.465)	(593.158)	19.692.246	-	19.692.566
Total income Net profit for the period Other total expenses for the period Loss attributable to non-controlling interest	- - -	- - -	- -	(197.552) - -	(197.552)	-	- (197.552) - - - -
Balance as at 30 June 2019	17.687.678	2.811.191	(213.465)	(790.710)	19.494.694		- 19.494.694

LORDOS UNITED PLASTICS PUBLICLTD

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS For the period 1 January 2019 to 30 June 2019

	01/01/2019- 30/06/2019 €	01/01/2018- 30/06/2018 €
CASH FLOW FROM OPERATIONS
Profit/(Loss) before taxation	(197.552)	(50.395)
Adjustments for: Depreciation of property, plant and equipment Exchange difference from the conversion of non-current assets to a foreign	547.527	495.698
στοιχείων Currency Exchange difference arising from the translation and consolidation	5.348	7.578
of the financial statements of foreign companies	--	--
Profit/(loss) from the sale of property, plant and equipment	8.104	(1.924)
Credit interest	(31)	(255)
Debit interest	183.588	182.397
Cash flow from operations before changes in working
Capital	546.984	617.946
(Increase) / Decrease in stocks	33.689	(276.112)
Decrease / (Increase) in trade and other receivables	(205.112)	384.182
(Decrease) / Increase in trade and other creditors	153.983	38.449
Cash flow from operations Tax refunded	529.544 ---	764.462 ---
Net cash flow from operations	529.544	764.462
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of property, plant and equipment		(1.123.174) (2.397.437)
Proceeds from the sale of property, plant and equipment	5.995	--
Interest received	31	255
Net cash flow for investing activities		(1.117.148) (2.397.182)
CASH FLOW FROM FINANCING ACTIVITIES
Loan repayments	(601.565)	(529.189)
Proceeds from new loans	988.378	1.581.117
Payment of interest	(183.588)	(182.397)
Net cash flow from/(for) financing activities	203.225	869.531
Net increase/(decrease) in cash and cash equivalents	(384.379)	(763.189)
Cash and cash equivalents:
At beginning of period	(4.577.133)	(4.192.754) (5.390.333) (6.153.522)
At end of period