Aeonic Securities C.I.F Plc

Annual / Quarterly Financial Statement • Sep 30, 2024

UNAUDITED MANAGEMENT ACCOUNTS Year ended 30 June 2024

UNAUDITED MANAGEMENT ACCOUNTS Year ended 30 June 2024

CONTENTS PAGE

Board of Directors and other officers	1
Unaudited consolidated statement of profit or loss and other comprehensive income	2
Unaudited consolidated statement of financial position	3
Unaudited consolidated statement of changes in equity	4
Notes to the unaudited consolidated management accounts	5 - 7

BOARD OF DIRECTORS AND OTHER OFFICERS

Independent Auditors:	C&N Auditors Ltd CERTIFIED PUBLIC ACCOUNTANTS - CY 10 Yianni Kranidioti 2nd Floor Office 201 1065 Nicosia, Cyprus
Registered office:	Laiou 6 Anna City Court Block B, Flat 301 3015 Limassol Cyprus

Registration number: ΗΕ 304867

UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Year ended 30 June 2024

		01/01/2024- 30/06/2024	01/01/2023- 30/06/2023
	Note	€	€
Revenue Cost of sales	1	167.985 (20.033)	77.723 (36.952)
Gross profit		147.952	40.771
Other operating income Selling and distribution expenses Administration expenses	2 3	1 (27.121) (150.304)	6.752 (2.400) (95.751)
Operating loss		(29.472)	(50.628)
Finance costs	4	(886)	(1.621)
Loss before tax		(30.358)	(52.249)
Tax	5	-	(55)
Net loss for the year/year		(30.358)	(52.304)
Other comprehensive income		-	-
Total comprehensive income for the year/year		(30.358)	(52.304)
Net loss for the year/year attributable to: Equity holders of the parent Non-controlling interests		(27.658) (2.700)	(52.304) -
Net loss for the year/year		(30.358)	(52.304)
Total comprehensive income for the year/year attributable to: Equity holders of the parent Non-controlling interests		(27.658) (2.700)	(52.304) -
Total comprehensive income for the year/year		(30.358)	(52.304)

The notes on pages 5 to 7 form an integral part of these consolidated management accounts.

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2024

Note € € ASSETS Non-current assets Property, plant and equipment 3.408 4.069 Right-of-use assets 22.995 28.743 Intangible assets 28.000 - Financial assets at fair value through other comprehensive income - 45.003 Investors' Compensation Fund 7 52.267 50.346 106.670 128.161 Current assets Trade and other receivables 6 198.554 167.562 Cash at bank and in hand 44.473 14.115 8 243.027 181.677 Total assets 349.697 309.838 EQUITY AND LIABILITIES Equity Share capital 9 650.000 650.000 Accumulated losses (382.594) (435.484) 267.406 214.516 Non-controlling interests 12.829 - Total equity 280.235 214.516 Non-current liabilities Borrowings 10 20.000 - Lease liabilities - 11.839 20.000 11.839 Current liabilities Trade and other payables 11 25.819 66.066 Borrowings 10 8 - Lease liabilities 23.333 17.115 Current tax liabilities 12 302 302 49.462 83.483 Total liabilities 69.462 95.322 Total equity and liabilities 349.697 309.838		30/06/2024	30/06/2023

The notes on pages 5 to 7 form an integral part of these consolidated management accounts.

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Year ended 30 June 2024

	Note	Share capital €	Accumulated losses €	Total €	Non controlling interests €	Total €
Balance at 1 January 2023		600.000	(383.180)	216.820	-	216.820
Net loss for the year		-	(52.304)	(52.304)	-	(52.304)
Transactions with owners Issue of share capital	9	50.000	-	50.000	-	50.000
Balance at 30 June 2023		650.000	(435.484)	214.516	-	214.516
Balance at 1 January 2024		650.000	(354.936)	295.064	15.529	310.593
Net loss for the year		-	(27.658)	(27.658)	(2.700)	(30.358)
Balance at 30 June 2024		650.000	(382.594)	267.406	12.829	280.235

The notes on pages 5 to 7 form an integral part of these consolidated management accounts.

NOTES TO THE CONSOLIDATED UNAUDITED MANAGEMENT ACCOUNTS Year ended 30 June 2024

1. Revenue

€ Rendering of services 64.804 8.778 Commissions receivable 103.181 68.945 167.985 77.723 2. Other operating income 2024 2023
€
Interest income 1 184
Sundry operating income - 6.568
1 6.752
Interest income is analysed as follows:
2024 2023 €
3. Administration expenses
2024 2023
€
Staff costs 71.323 37.291
Rent 6.000 -
Common expenses - 103
Licenses and taxes - 241
Electricity 533 929 Insurance 2.297 1.765
Sundry expenses 14.401 14.998
Telephone and postage 2.457 2.181
Stationery and printing 340 -
Subscriptions and contributions 10.245 14.350
Staff training -
Computer supplies and maintenance 1.186 930
Certification and legalisation expenses 320 -
Auditors' remuneration - 1.250
Accounting fees 600 1.200
Other professional fees 25.622 11.676
Fines 30 988
Inland travelling and accommodation 1.917 811
Entertaining 13.033 578
Depreciation of right-of-use assets - 5.749 Depreciation - 661
150.304 95.751

NOTES TO THE CONSOLIDATED UNAUDITED MANAGEMENT ACCOUNTS Year ended 30 June 2024

4. Finance costs

	2024 €	2023 €
Interest expense on lease liabilities	-	462
Sundry finance expenses Finance costs	886 886	1.159 1.621
5. Tax
	2024	2023
	€	€
Defence contribution	-	55
Charge for the year/year	-	55

The tax recognised in the profit or loss represents a reasonable estimate of the tax that will arise with respect to the results of the year ended 30 June 2024.

6. Trade and other receivables

	2024	2023
	€	€
Trade receivables	163.867	69.087
Less: credit loss on trade receivables	6.500	-
Trade receivables - net	170.367	69.087
Receivables from own subsidiaries	3.388	3.388
Shareholders' current accounts - debit balances	1.390	51.889
Other receivables	9.271	18.178
Refundable VAT	14.138	25.020
	198.554	167.562

7. Investors' Compensation Fund

	2024	2023
	€	€
Balance at 1 January	50.346	86.690
Additions	1.921	-
Decrease in Fund	-	(36.344)
Balance at 30 June	52.267	50.346

8. Cash at bank and in hand

Cash balances are analysed as follows:

	2024	2023
	€	€
Cash at bank and in hand	44.473	14.115
	44.473	14.115

NOTES TO THE CONSOLIDATED UNAUDITED MANAGEMENT ACCOUNTS Year ended 30 June 2024

9. Share capital

	2024	2024	2023	2023
	Number of shares	€	Number of shares	€
Authorised
Ordinary shares of €1 each	1.000.000	1.000.000	1.000.000	1.000.000
Issued and fully paid
Balance at 1 January Issue of shares	600.000 50.000	650.000 -	600.000 -	600.000 50.000
Balance at 30 June	650.000	650.000	600.000	650.000
10. Borrowings
			2024	2023
			€	€
Current borrowings Bank overdrafts (Note 8)			8	-
Non-current borrowings Convertible bond			20.000	-
Total			20.008	-
11. Trade and other payables
			2024	2023
Trade payables			€ 8.206	€ -
Social insurance and other taxes			4.933	1.351
Accruals			6.258	3.754
Other creditors Defence and GHS contribution on rent payable			4.987 1.435	59.526 1.435
			25.819	66.066
12. Current tax liabilities
			2024	2023
Special contribution for defence			€ 302	€ 302
			302	302

ADDITIONAL INFORMATION TO THE UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

CONTENTS	PAGE
Detailed income statement	1
Cost of sales	2
Operating expenses	3
Finance costs	4
Calculation of tax losses for the five-year period

DETAILED INCOME STATEMENT

Year ended 30 June 2024

	Page	2024 €	2023 €
Revenue
Rendering of services Commissions receivable Cost of sales	2	64.804 103.181 (20.033)	8.778 68.945 (36.952)
Gross profit		147.952	40.771
Other operating income
Bank interest Other interest income Sundry operating income		1 - -	- 184 6.568
		147.953	47.523
Operating expenses
Administration expenses Selling and distribution expenses	3 3	(150.304) (27.121)	(95.751) (2.400)
Operating loss		(29.472)	(50.628)
Finance costs	4	(886)	(1.621)
Net loss for the year/year before tax		(30.358)	(52.249)

COST OF SALES Year ended 30 June 2024

	2024 €	2023 €
Cost of sales Closing stocks	-	-
Direct costs Services received	20.033	36.952
	20.033	36.952

OPERATING EXPENSES

Year ended 30 June 2024

	2024	2023
	€	€
Administration expenses
Directors' remuneration	2.500	-
Staff salaries	56.532	32.455
Social insurance	12.291	4.836
Rent	6.000	-
Common expenses	-	103
Licenses and taxes	-	241
Electricity	533	929
Insurance	2.297	1.765
Sundry expenses	14.401	14.998
Telephone and postage	2.457	2.181
Stationery and printing	340	-
Subscriptions and contributions	10.245	14.350
Staff training	-	50
Computer supplies and maintenance	1.186	930
Certification and legalisation expenses	320	-
Auditors' remuneration	-	1.250
Accounting fees	600	1.200
Other professional fees	25.622	11.676
Fines	30	988
Inland travelling and accommodation	1.917	811
Entertaining	13.033	578
Depreciation of right-of-use assets	-	5.749
Depreciation	-	661
	150.304	95.751
	2024	2023
	€	€
Selling and distribution expenses
Motor vehicle running costs	1.658	149
Advertising	13.447	-
Inland travelling	12.016	2.251
	27.121	2.400

FINANCE COSTS

Year ended 30 June 2024

	2024 €	2023 €
Finance costs
Interest expense Interest expense on lease liabilities	-	462
Sundry finance expenses Bank charges	886	1.159
	886	1.621