CLR Investment Fund Public LTD

Earnings Release • Jul 20, 2016

Condensed Interim Consolidated Statement of Total Income for the period 1 January to 30 June 2016

	01/01/2016- 30/06/2016	01/01/2015- 30/06/2015
	€	€
Income Credit dividend Credit interest	78,300 -	- -
	-------------- 78,300	--------------- -
Expenses Gain/(loss) on financial assets at fair value through profit and loss Impairment in the value of loans and receivables	271,914 (500,000)	(118,354) (2)
Administrative costs	(54,529) ------------	(54,543) ---------------
Loss from operating activities	(204,315)	(172,899)
Finance costs	(21,077)	(22,105)
Loss before taxation	------------ (225,392)	--------------- (195,004)
Taxation	(72,392)	(77,727)
Net loss for the period	------------ (297,784)	--------------- (272,731)
Other total income Other total income for the period after taxation	-	-
Total loss for the period	------------- (297,784)	--------------- (272,731)
Net loss for the period corresponding to: Company's shareholders Minority interest	------------- (297,784) -	--------------- (272,731) -
	------------ (297,784) ------------	--------------- (272,731) ---------------
Loss for the period per share attributable to the Company's shareholders:
- basic and adjusted (€ cent)	(0.10) ------------	(0.09) ---------------

Condensed Interim Consolidated Statement of Financial Position as at 30 June 2016

	30 June 2016 €	31 December 2015 €
Assets
Investments in associated companies	1	1
Financial assets at fair value through profit and loss Other loans and receivables Tax refundable Cash and cash equivalents	4,349,140 2,869,395 128,109 323,596	4,077,226 3,400,358 128,109 338,960
Total assets	-------------- 7,670,241 -------------	--------------- 7,944,654 ---------------
Equity and Liabilities Capital and reserves Share capital Accumulated losses	8,644,229 (8,376,166)	8,644,229 (8,078,382)
Total equity	------------- 268,063 -------------	--------------- 565,847 ---------------
Liabilities Borrowings Trade and other creditors Current tax liabilities	767,965 44,319 6,589,894	816,799 41,205 6,520,803
Total liabilities	------------ 7,402,178 ------------	--------------- 7,378,807 ---------------
Total Equity and Liabilities	7,670,241 ------------	7,944,654 ---------------

Condensed Interim Consolidated Statement of Changes in Equity for the period 1 January to 30 June 2016

	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 --------------
	Share capital €	Accumulated Losses €	Total €	Minority Interest €	Total €
Balance at 1 January 2015	8,664,229	(6,655,668)	1,988,561	-	1,988,561
Total loss: Net loss for the period	-------------- -	------------------ (272,731)	-------------- (272,731)	-------------- -	------------- (272,731)
	--------------	------------------	---------------	---------------	--------------
Total loss for the period	-	(272,731)	(272,731)	-	(272,731)
Transactions with owners	--------------	------------------	---------------	--------------	--------------
Balance at 30 June 2015	8,664,229 -------------	(6,928,399) ---------------	1,715,830 -------------	- ------------	1,715,830 ------------

Condensed Interim Consolidated Statement of Cash Flows for the period 1 January to 30 June 2016

	01/01/2016- 30/06/2016	01/01/2015- 30/06/2015
	€	€
Cash flow from (for) operating activities before changes in working capital Changes in working capital:	217,385	(172,899)
Financial assets at fair value through profit and loss Other loans and receivables Trade and other creditors	(279,914) 30,963 3,114	130,159 1 (79)
Cash used in operating activities Tax paid Tax received	--------------- (20,452) (3,301) - ---------------	--------------- (42,818) - - ---------------
Net cash flow for operating activities	(23,753) ---------------	(42,818) ---------------
Cash flow from investing activities Dividends received	78,300 ---------------	- ---------------
Net cash from investing activities	78,300 ---------------	- ---------------
Cash flow from financing activities Interest paid	(21,077)	(22,105)
Net cash for financing activities	--------------- (21,077) ---------------	--------------- (22,105) ---------------
Net increase/(decrease) in cash and cash equivalents	33,470	(64,923)
Cash and cash equivalents at beginning of period	(477,839) -------------	(336,384) ------------
Cash and cash equivalents at end of period	(444,369) ---------------	(401,307) ---------------
Cash and cash equivalents comprise: Cash in hand and at bank Bank Overdrafts	323,596 (767,965)	393,498 (794,805)
	--------------- (444,369) ---------------	--------------- (401,307) ---------------