CLR Investment Fund Public LTD

Earnings Release • Jul 30, 2014

CLR INVESTMENT FUND PUBLIC LTD

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2014

CONDENSED INTERIM CONSOLIDATED INCOME STATEMENT

	For the six month period
	ended
	30.06.2014	30.06.2013
	€	€
Revenue
Interest income	-	9.507
Other Income	-	3.075
Expenses	-	12.582
Loss on revaluation and sale of financial assets at fair value through profit and loss	(275.595)	(17.188)
Impairment in the value of loans and receivables	(16)	(22.390)
Impairment of cash balances and cash equivalents	-	(136.382)
Administrative Expenses	(71.214)	(119.884)
Operating Loss	(346.825)	(283.262)
Finance Expenses	(23.690)	(21.113)
Share of results of associated companies after tax	-	(8.128)
Gain from sale of subsidiary company	83.174	-
Loss before taxation	(287.341)	(312.503)
Taxation	-	10.300
Loss for the period	(287.341)	(302.203)
Other Comprehensive Income	-	-
Total Loss for the period	(287.341)	302.203
Loss for the period attributed to:
Shareholders of parent company	(283.491)	(298.543)
Minority Interest	(3.850)	(3.660)
	(287.341)	(302.203)
Total loss for the period attributed to:
Shareholders of parent company	(283.491)	(298.543)
Minority Interest	(3.850)	(3.660)
	(287.341)	(302.203)
Loss for the period per share attributable to	(0,10)	(0,10)
Company shareholders (cents)

CONDENSED INTERIM CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2014

	30 June	31 December
	2014	2013
	€	€
ASSETS
Non-Current Assets
Investment property	-	550.000
Investment in associated companies	1	1
Trade and other receivables	139.345	139.345
	139.346	689.346
Current Assets
Trade and other receivables	4.700.015	4.700.279
Financial assets at fair value through profit and loss	4.185.102	4.495.836
Current income tax assets	128.109	128.109
Cash and cash equivalents	475.766	181.165
	9.488.992	9.505.389
Total Assets	9.628.338	10.194.735
EQUITY & LIABILITIES
Capital and Reserves
Share Capital	8.644.229	8.644.229
Accumulated losses	(6.061.693)	(5.778.202)
	2.582.536	2.866.027
Minority Interest	-	225.569
Total Equity	2.582.536	3.091.596
Non-Current Liabilities
Deferred tax liabilities	-	52.255
	-	52.255
Current Liabilities
Borrowings	748.483	744.017
Trade and other payables	70.150	79.698
Current tax liabilities	6.227.169	6.227.169
	7.045.802	7.050.884
Total Liabilities	7.045.802	7.103.139
Total Equity and Liabilities	9.628.338	10.194.735