K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2017 to 30 June 2017

Sales 2.230 Cost of sales (406) _ _ Gross profit 1.824 Administrative expenses (332) Selling and marketing expenses (119) Other income (13) _ _ Operating profit 1.360 Finance costs (290) Share of profit of investment in associates 758 _ _ Profit before tax 1.828 Tax 20 _ _ Profit for the period 1.848 _ _ Other comprehensive income Share of movement of reserves of associates 76 _ _ Total comprehensive income for the period 1.924 ========== ==========		30 June 2016 Unaudited €000
		2.811
		(618)
		2.193
		(260)
		(104)
		241
		2.070
		(397)
		609
		2.282
		-
		2.282

		13
		2.295
	Profit per share (cent per share):
1,44 - Basic and fully diluted ==========		1,78 ==========

	30 June	31 December
	2017 Unaudited	2016 Audited
	€000	€000
Assets
Non-current assets
Investments in associates	87.541	86.704
Non-current receivables	-	2.793
	_____ 87.541	_____ 89.497
	_____	_____
Current assets
Inventories	5.275	5.639
Current receivables	10.689	7.649
Tax refundable	93	93
Cash and cash equivalents	3 _____	21 _____
	16.060	13.402
	_____	_____
Total Assets	103.601	102.899
	===========	===========
Equity and liabilities
Capital and reserves
Share Capital	21.860	21.860
Share Premium	1.757	1.757
Reserve of changes in equity of associates	(8.200) 86	(8.276)
Reserve arising on translation of share capital into Euro Retained Earnings	73.312	86 71.464
	_____	_____
Total Equity	88.815	86.891
	_____	_____
Non-current liabilities
Borrowings Deferred income tax liabilities	14.265 -	15.206 20
	_____	_____
	14.265	15.226
	_____	_____
Current liabilities
Trade and other payables	347	350
Borrowings	174	432
	_____ 521	_____ 782
	_____	_____
Total Liabilities	14.786	16.008
	_____	_____
Total Equity and Liabilities	103.601	102.899
	===========	===========

	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
Balance at 1 January 2016	21.860	1.757	86	(8.261)	66.544	81.986
Profit for the period	___	___	___	____	___	___
	-	-	-	-	2.282	2.282
Other comprehensive income	___	___	___	____	___	___
Share of reserves of associates	-	-	-	13	-	13
Total Comprehensive Income for the period	_ - _	_ - _	_ - _	_ 13 _	_ 2.282 _	_ 2.295 _
Balance at 30 June 2016	21.860	1.757	86	(8.248)	68.826	84.281
(unaudited)	=========	=========	=========	==========	=========	=========
Balance at 1 January 2017	21.860	1.757	86	(8.276)	71.464	86.891
Profit for the period	___	___	___	____	___	___
	-	-	-	-	1.848	1.848
Other Comprehensive Income	___	___	___	____	___	___
Share of reserves of associates	-	-	-	76	-	76
Total Comprehensive Income for the period	_ - _	_ - _	_ - _	_ 76 _	_ 1.848 _	_ 1.924 _
Balance at 30 June 2017	21.860	1.757	86	(8.200)	73.312	88.815
(unaudited)	=========	=========	=========	==========	=========	=========

	30 June	30 June
	2017	2016
	Unaudited	Unaudited
	€000	€000
Cash flows from operating activities
Cash from operations	2.000	2.373
Net cash from operating activities	___ 2.000	___ 2.373
Cash flows from investing activities	___	___
Acquisition of shares in associate	(4)	-
Interest received	-	45
Loans granted to related parties	(527)	-
Repayments of loans from related parties	-	1.255
Net cash (used in)/ from investing activities	_ (530) _	_ 1.300 _
Cash flows from financing activities
Repayments of bank loans	(941)	(1.845)
Interest paid	(290)	(420)
Net cash used in financing activities	____ (1.231)	____ (2.265)
	____	____
Net increase in cash, cash equivalents and bank
overdrafts	239	1.363
Cash, cash equivalents and bank overdrafts at the
beginning of the period	(411) ____	(2.248) ____
Cash, cash equivalents and bank overdrafts at the end
of the period	(172)	(885)
	==========	==========

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