Ch. Charilaou Group Plc

Annual / Quarterly Financial Statement • Sep 18, 2017

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF TOTAL INCOME Period from 1 January 2016 to 30 June 2017

	01/01-30/06	01/01-30/06
	2017	2016
	€	€
Income	1.137.421	1.052.665
Cost of sales	(683.807)	(752.918)
Gross profit	453.614	326.747
Loss from investing activities	--	(10.000)
Sales and administrative expenses	(288.814)	(247.909)
Profit from operating activities	164.800	68.838
Net finance costs	(4.376)	(4.103)
Profit before taxation	160.424	64.735
Taxation	-	-
Net profit	160.424	64.735
Other total income	-	-
Total income for the period	160.424	64.735
Earnings per share attributed to the shareholders of the
parent company (cents)	0.00074	0.00029

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2017

	30/06/2016 €	31/12/2016 €
ASSETS
Non-current assets
Plant and equipment	55.050	63.268
Other intangible assets	444.069	452.787
	499.119	516.055
Current assets
Stocks	287.550	332.900
Trade and other receivables	1.132.165	644.066
Financial assets at fair value through profit and loss	13.400	13.400
Cash at bank and in hand	605.620	775.206
	2.029.635	1.557.787
Total assets	2.528.754	2.281.627
EQUITY AND LIABILITIES
Equity
Share capital	362.430	362.430
Accumulated profits	1.422.819	1.205.395
Total equity	1.785.249	1.624.825
Non-current liabilities
Borrowings	4.257	12.445
	4.257	12.445
Current liabilities
Trade and other creditors	520.006	537.528
Bank overdraft	192.494	80.081
Borrowings	22.500	22.500
Current tax liabilities	4.248	4.248
	739.248	644.357
Total liabilities	743.505	656.802
Total equity and liabilities	2.528.754	2.281.627

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Period from 1 January 2016 to 30 June 2017

		Accumulated
	Share capital	profits	Total
	€	€	€
Balance – 1 January 2107	362.430	1.262.395	1.624.825
Total income for the period	--	160.424	160.424
Balance – 30 June 2017	362.430	1.422.819	1.785.249
Balance – 1 January 2016	362.430	1.205.675	1.568.105
Net profit for the year	--	72.475	72.475
Contribution for defence to deemed
dividend distribution	--	(15.755)	(15.755)
Balance – 31 December 2017	362.430	1.262.395	1.624.825

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 2017 to 30 June 2017

2017 31/12/2016 € € CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation 160.424 106.275 Adjustments for: Depreciation of plant and equipment 8.218 25.948 Depreciation of goodwill 8.718 17.435 Losses of fair value in financial assets --- 1.340 Credit interest (468) (2.370) Debit interest 4.844 8.517 181.736 157.145 Cash flow for operating activities before changes in working capital Decrease / (Increase) in stocks 54.350 (59.308) (Increase) / Decrease in trade and other receivables (488.099) 73.602 Increase / (Decrease) in trade and other creditors (17.522) 80.337 Cash flow (for)/from operating activities (269.535) 251.776 Tax paid --- (33.027) Net cash flow (for)/from operating activities (269.535) 218.749 CASH FLOW FROM INVESTING ACTIVITIES Payment for the purchase of property, plant and equipment (--) (17.449) Interest received 468 2.370 Net cash flow for investing activities 468 (15.079) CASH FLOW FROM FINANCING ACTIVITIES Repayment of loans (8.188) (15.646) Payment of interest (4.844) (8.517) Payment of contribution for defence to deemed dividend distribution (15.755) Net cash flow from financing activities (13.032) (39.918) Net (decrease)/increase in cash and cash equivalents (282.099) 163.752 Cash and cash equivalents: at beginning of period 695.125 531.373	01/01-30/06/
at end of period 413.026 695.125