Ch. Charilaou Group Plc

Annual / Quarterly Financial Statement • Nov 12, 2018

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2018

	30/06/2018	31/12/2017
	€	€
ASSETS
Non-current assets
Plant and equipment	97.924	54.309
Other intangible assets	426.634	435.352
	524.558	489.661
Current assets
Stocks	346.025	343.000
Trade and other receivables	1.081.905	508.953
Financial assets at fair value through profit and loss	4.589	4.589
Cash at bank and in hand	663.765	783.953
	2.096.284	1.640.795
Total assets	2.620.842	2.130.456
EQUITY AND LIABILITIES
Equity
Share capital	362.430	362.430
Accumulated profits	1.650.502	1.460.587
Total equity	2.012.932	1.823.017
Current liabilities
Trade and other creditors	376.743	269.945
Bank overdraft	217.055	15.161
Borrowing	10.282	18.503
Current tax liabilities	3.830	3.830
	607.910	307.439
Total liabilities	607.910	307.439
Total equity and liabilities	2.620.842	2.130.450

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Period from 1 January 2018 to 30 June 2018

	Accumulated
	Share capital	profits	Total
	€	€	€
Balance – 1 January 2018	362.430	1.460.578	1.823.017
Net profit for the year Contribution for defence to deemed	--	189.915	189.915
dividend distribution	--	--	--
Balance – 30 June 2018	362.430	1.650.502	2.012.932
Balance – 1 January 2017	362.430	1.262.395	1.624.825
Net profit for the year	--	203.467	203.467
Contribution for defence to deemed
dividend distribution	--	(5.275)	(5.275)
Balance – 31 December 2017	362.430	1.460.587	1.823.017

Companies which do not distribute 70% of their profits after tax, as defined by the Special Contribution for the Defence of the Republic Law, by the end of the two years after the end of the year of assessment to which the profits refer, will be deemed to have distributed this amount as dividend.

Special contribution for defence at 17% will be payable on such deemed dividend to the extent that the shareholders (individuals and companies) at the end of the period of two years from the end of the year of assessment to which the profits refer, are Cyprus tax residents. The amount of this deemed dividend distribution is reduced by any actual dividend already paid for the year to which the profits refer. This special contribution for defence is paid by the Company for the account of the shareholders.

CH. CHARILAOU GROUP PLC

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the period from 1 January 2018 to 30 June 2018

	01/01-30/06/
	2018	31/12/2017
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	189.915	240.257
Adjustments for:
Depreciation of plant and equipment	15.920	20.920
Depreciation of goodwill	8.718	17.435
Losses of fair value in financial assets	-	8811
Credit interest	(328)	(730)
Debit interest	4.354	3.183
	218.579	289.876
Cash flow for operating activities before changes in working
capital
Decrease / (Increase) in stocks	(2.725)	(10.400)
(Increase) / Decrease in trade and other receivables	(572.952)	135.113
Increase / (Decrease) in trade and other creditors	106.798	(267.583)
Cash flow (for)/from operating activities	(250.300)	147.006
Tax paid	-	(37.208)
Net cash flow (for)/from operating activities	(250.300)	109.798
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of property, plant and equipment	(59.535)	(11.961)
Interest received	328	730
Net cash flow for investing activities	(59.207)	(11.231)
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of loans	(8.221)	(16.442)
Payment of interest	(4.354)	(3.183)
Payment of contribution for defence to deemed dividend	-	(5.275)
distribution
Net cash flow from financing activities	(12.575)	(24.900)
Net (decrease)/increase in cash and cash equivalents	(322.082)	73.667
Cash and cash equivalents: At beginning of period	768.792	695.125