Condensed interim statement of comprehensive income for the period from 1 January to 30 June 2017

	Six months ended 30 June 2017 2016
Income	€	€
(Loss)/Profit from the sale and revaluation of investments at fair value through profit and loss	(2.861)	(6.534)
Dividends receivable	--	--
	(2.861)	(6.534)
Administrative expenses	(18.766)	(22.050)
(Loss) from operating activities	(21.626)	(28.584)
Finance income	--	207
Finance costs	(226)	(105)
Net finance income/(costs)	(21.852)	182
(Loss) for the period before taxation	(21.852)	(28.402)
Taxation	--	--
(Loss) for the period	(21.852)	(28.402)
Other comprehensive income:
Other comprehensive income for the period after taxation	--	--
Total (loss) for the period	(21.852)	(28.402)
(Loss) per share (cents)	(1.09)	(1.42)

Condensed interim statement of financial position as at 30 June 2017

	30/06/2017	30/12/2016
	€	€
CURRENT ASSETS
Financial assets at fair value through profit and loss	659.000	784.307
Loans receivable – Quentrol Limited	267.992	267.992
Trade receivables	13.086	13.086
Cash at bank	118.526	21.812
TOTAL ASSETS	1.059.018	1.087.197

EQUITY AND LIABILITIES
Capital and reserves
Share capital	500.000	500.000
Annuity reserve	533.899	555.751

Total equity	1.033.899	1.055.751
Current liabilities
Other payables	24.861	31.188
Taxation	258	258
	25.119	31.446

TOTAL EQUITY AND LIABILITIES	1.059.018	1.087.197

Net asset value per share (cents)	51.69	52.79

	Share capital €	Annuity reserve €	Total equity €
As at 1 January 2017	500.000	555.751	1.055.751
Loss for the period after taxation	--	(21.852)	(21.852)
Transactions with owners:
As at 30 June 2017	500.000	533.899	1.033.899

	Share capital €	Annuity reserve €	Total equity €
As at 1 January 2016	500.000	(40.512)	459.488
Loss for the period after taxation	--	(28.402)	(28.402)
Transactions with owners:
As at 30 June 2016	500.000	(68.914)	431.086

	Six months ended
	30 June
	2017	2016
	€	€
Cash flow from operating activities
(Loss)/Profit for the period	(21.852)	(28.402)
Adjustments for:
(Loss) from sale and revaluation of investments at fair value
through profit and loss	2.861	6.534
Credit interest	--	(207)
Debit interest	226	105
Taxation	--	--

Cash flow for operating activities before changes
in working capital	(18.765)	(21.970)
Decrease in trade and other receivables	--	354.151
(Decrease) / Increase in other payables	(6.327)	(3.778)
Loans to affiliated parties	-	(260.000)
Cash flow (for)/from operating activities	(25.092)	68.403
Dividends received	-	-
Tax paid	-	-
Net cash flow (for)/from operating activities	(25.092)	68.403

Cash flow from investing activities
Payments for acquisition of investments	-	(106.913)
Proceeds from sale of investments	122.032	53.248
Interest received	-	207
Dividends received	-	-
Net cash flow from investing activities	122.032	(53.458)

Cash flow from financing activities
Payment of interest	(226)	(105)

Net increase/(decrease) in cash and cash equivalents	96.714	48.840
Cash and cash equivalents at beginning of period	21.812	50.228
Cash and cash equivalents at end of period	118.526	65.068