Earnings Release • Sep 26, 2017
Earnings Release
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| 01/01/2017- 30/06/2017 |
01/01/2016- 30/06/2016 |
|
|---|---|---|
| € | € | |
| Income Credit dividend Credit interest |
- - |
78,300 - |
| -------------- - |
-------------- 78,300 |
|
| Expenses Gain on financial assets at fair value |
||
| through profit and loss | 235,920 | 271,914 |
| Impairment in the value of loans and receivables | - | (500,000) |
| Administrative costs | (53,389) | (54,529) |
| Profit / (loss) from operating activities | ------------ 182,531 |
------------ (204,315) |
| Finance costs | (20,172) | (21,077) |
| Profits / (loss) before taxation Taxation |
------------ 162,359 (69,091) |
------------ (225,392) (72,392) |
| Net profit / (loss) for the period | ------------ 93,268 |
------------ (297,784) |
| Other total income Other total income for the period after taxation |
- | - |
| Net total profit / (loss) for the period | ------------- 93,268 |
------------- (297,784) |
| Net profit / (loss) for the period attributable to: Company's shareholders Minority interest |
------------- 93,268 - |
------------- (297,784) - |
| ------------ 93,268 |
------------ (297,784) |
|
| Earnings / (loss) for the period per share attributable to the Company's shareholders: - basic and adjusted (€ cents) |
------------ 0.03 |
------------ (0. 09) |
| ------------ | ------------ |
| 30 June 2017 € |
31 December 2016 € |
|
|---|---|---|
| Assets | ||
| Investments in associated companies | 1 | 1 |
| Financial assets at fair value | ||
| through profit and loss | 4,243,092 | 4,055,626 |
| Other loans and receivables | 2,788,946 | 3,050,680 |
| Cash and cash equivalents | 822,159 | 618,305 |
| Total assets | -------------- 7,854,198 |
--------------- 7,724,612 |
| Equity and Liabilities | ------------- | --------------- |
| Capital and reserves | ||
| Share capital | 8,644,229 | 8,644,229 |
| Accumulated losses | (8,333,754) | (8,427,022) |
| Total equity | ------------- 310,475 |
--------------- 217,207 |
| ------------- | --------------- | |
| Liabilities | ||
| Borrowings | 768,488 | 763,251 |
| Trade and other creditors | 47,160 | 85,170 |
| Current tax liabilities | 6,728,075 ------------ |
6,658,984 --------------- |
| Total liabilities | 7,543,723 ------------ |
7,507,405 --------------- |
| Total Equity and Liabilities | 7,854,198 ------------ |
7,724,612 --------------- |
| Share capital € |
Accumulated Losses € |
Total € |
Minority Interest € |
Total € |
|
|---|---|---|---|---|---|
| Balance at 1 January 2017 |
8,664,229 | (8,427,022) | 217,207 | - | 217,207 |
| Total profit: Net profit for the |
-------------- | ------------------ | -------------- | -------------- | ------------- |
| period | - | 93,268 | 93,268 | - | 93,268 |
| -------------- | ------------------ | --------------- | --------------- | -------------- | |
| Total profit for the period |
- -------------- |
93,268 ------------------ |
93,268 --------------- |
- -------------- |
93,268 -------------- |
| Transactions with owners |
- | - | - | - | - |
| Balance at 30 June 2017 |
8,664,229 ------------- |
(8,333,754) --------------- |
310,475 ------------- |
- ------------ |
310,475 ------------ |
| Share capital € |
Accumulated Losses € |
Total € |
Minority Interest € |
Total € |
|
|---|---|---|---|---|---|
| Balance at 1 January 2016 |
8,664,229 -------------- |
(8,078,382) ------------------ |
565,847 -------------- |
- -------------- |
565,847 ------------- |
| Total loss: Net loss for the period |
- | (297,784) | (297,784) | - | (297,784) |
| -------------- | ------------------ | --------------- | --------------- | -------------- | |
| Total loss for the period |
- -------------- |
(297,784) ------------------ |
(297,784) --------------- |
- -------------- |
(297,784) -------------- |
| Transactions with owners |
- -------------- |
- ----------------- |
- --------------- |
- --------------- |
- -------------- |
| Balance at 30 June 2016 |
- 8,664,229 -------------- |
- (8,376,166) ----------------- |
- 268,063 ------------- |
- - --------------- |
- 268,063 -------------- |
| 01/01/2017- 30/06/2017 |
01/01/2016- 30/06/2016 |
|
|---|---|---|
| € | € | |
| Cash flow from operating activities before changes in working capital Changes in working capital: |
182,531 | 217,385 |
| Financial assets at fair value through profit and loss Other loans and receivables Trade and other creditors |
(187,466) 261,734 (38,010) --------------- |
(279,914) 30,963 3,114 --------------- |
| Cash from / (used in) operating activities Tax paid Interest received |
218,719 - - --------------- |
(20,452) (3,301) - --------------- |
| Net cash flow from / (for) operating activities |
218,789 --------------- |
(23,753) --------------- |
| Cash flow from investing activities Dividends received |
- --------------- |
78,300 |
| Net cash from investing activities | - --------------- |
--------------- 78,300 --------------- |
| Cash flow from financing activities Interest paid |
(20,172) | (21,077) |
| Net cash for financing activities | --------------- (20,172) --------------- |
--------------- (21,077) --------------- |
| Net increase in cash and cash equivalents |
198,617 | 33,470 |
| Cash and cash equivalents at beginning of period | (144,946) ------------- |
(477,839) ------------- |
| Cash and cash equivalents at end of period | 53,671 --------------- |
(444,369) --------------- |
| Cash and cash equivalents comprise: Cash in hand and at bank Bank Overdrafts |
822,159 (768,488) |
323,596 (767,965) |
| --------------- 53,671 --------------- |
--------------- (444,369) --------------- |
|
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