K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2018 to 30 June 2018

	30 June 2018 Unaudited €000	30 June 2017 Unaudited €000
Sales Cost of sales	1.375 (240) ____	2.230 (406) ____
Gross profit	1.135	1.824
Administrative expenses Selling and marketing expenses Other income/(losses)	(225) (87) 197	(332) (119) (13)
Operating profit Finance costs Share of profit of investment in associates	____ 1.020 (260) 647	____ 1.360 (290) 758
Profit before tax Tax	____ 1.407 (18)	____ 1.828 20
Profit for the period	____ 1.389	____ 1.848
Other comprehensive income Share of movement of reserves of associates	____ (21)	____ 76
Total comprehensive income for the period	____ 1.368	____ 1.924
Profit per share (cent per share): - Basic and fully diluted	========== 1,08 ==========	========== 1,44 ==========

	30 June 2018 Unaudited €000	31 December 2017 Audited €000
Assets
Non-current assets Investments in associates	88.832	88.206
	_____	_____
	88.832 _____	88.206 _____
Current assets
Inventories	4.896	5.136
Current receivables Tax refundable	9.332 10	9.486 7
Cash and cash equivalents	-	3
	_____ 14.238	_____ 14.623
Total Assets	_____ 103.070 ===========	_____ 102.838 ===========
Equity and liabilities Capital and reserves Share Capital Share Premium Reserve of changes in equity of associates Reserve arising on translation of share capital into Euro	21.860 1.757 469 86	21.860 1.757 490 86
Retained Earnings	65.780 _____	64.392 _____
Total Equity	89.952 _____	88.585 _____
Non-current liabilities Borrowings	- _____	- _____
	- _____	- _____
Current liabilities Trade and other payables Borrowings Tax liabilities	527 12.591 -	353 13.898 2
	_____ 13.118	_____ 14.253
Total Liabilities	_____ 13.118	_____ 14.253
Total Equity and Liabilities	_____ 103.070	_____ 102.838
	===========	===========

Balance at 30 June 2018	21.860	1.757	86	469	65.780	89.952
(unaudited)	=========	=========	=========	==========	=========	=========
Total Comprehensive Income for the	-	-	-	(21)	-	(21)
period	___	___	___	____	___	___
Other Comprehensive Income	-	-	-	(21)	-	(21)
Share of reserves of associates	___	___	___	____	___	___
Profit for the period	-	-	-	-	1.389	1.389
	___	___	___	____	___	___
Balance at 1 January 2018	21.860	1.757	86	490	64.392	88.585
	___	___	___	____	___	___
Balance at 30 June 2017	21.860	1.757	86	492	64.620	88.815
(unaudited)	=========	=========	=========	==========	=========	=========
Total Comprehensive Income for the	-	-	-	76	1.848	1.924
period	___	___	___	____	___	___
Other comprehensive income	-	-	-	76	-	76
Share of reserves of associates	___	___	___	____	___	___
Profit for the period	-	-	-	-	1.848	1.848
	___	___	___	____	___	___
Balance at 1 January 2017	21.860	1.757	86	416	62.772	86.891
	___	___	___	____	___	___
	Share capital €000	Share premium €000	Reserve arising on translation of share capital into Euros €000	Reserve of changes in equity of associates €000	Retained earnings €000	Total €000

	30 June 2018 Unaudited	30 June 2017 Unaudited
	€000	€000
Cash flows from operating activities
Cash from operations	1.164 ___	2.000 ___
Net cash from operating activities	1.164	2.000
Cash flows from investing activities	___	___
Acquisition of shares in associate	-	(4)
Interest received	55	-
Loans granted to related parties	- ____	(526) ____
Net cash from/(used) in investing activities	55 ____	(530) ____
Cash flows from financing activities
Repayments of bank loans	(1.347)	(941)
Loans granted from related parties	345	-
Interest paid	(260)	(290)
Net cash used in financing activities	____ (1.262)	____ (1.231)
Net increase in cash, cash equivalents and bank	____	____
overdrafts	(43)	239
Cash, cash equivalents and bank overdrafts at the
beginning of the period	(42) ____	(411) ____
Cash, cash equivalents and bank overdrafts at the end
of the period	(85) ==========	(172) ==========

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