Dromeas S.A.

Interim / Quarterly Report • Sep 22, 2020

					PAPAPANAGIOTOU S.A. - "DROMEAS" INDUSTRIAL JOINT-STOCK COMPANY OF COMMERCE AND AGENCIES Number of General Commercial Register 114048152000 (Register Number of Joint Stock Companies 11045/06/Β/86/10) COMPANY'S HEADQUARTERS: INDUSTRIAL AREA OF SERRES - MUNICIPALITY OF LEFKONAS SERRES FIGURES AND INFORMATION FOR THE FINANCIAL YEAR FROM 1. JANUARY 2020 TO 30 JUNE 2020
according to the International Financial Reporting Standards.					According to the decision 4/507/28.04.2009 of the Board of Directores of SEC The figures and information illustrated below, derived from the financial statements, provide a general information about the financial position and results of "PAPAPANAGIOTOU S.A. - DROMEAS" and of the Group of companies "PAPAPANAGIOTOU S.A. - DROMEAS". We advise the reader, before making any investment decision or other transaction concerning the company, to visit the company's web site where the audit report of the external auditor and the financial statements are presented,
Website address: Date of Approval of Annual Financial Statements: Board of Directors:	www.dromeas.gr 18 September 2020				President and CEO : Athanasios K. Papapanagiotou. Executive Members: Konstantinos A. Papapanagiotou, Stavroula A. Papakonstantinou
Non executive member: Stylianos Petrislis. Independent non executive members: Grigorios Zarotiadis, Panagiotis Panagiotakakis Certified Auditor Accountant: Athanasios D. Tsaklis (Register Number of the Body of Certified Auditors Accountants 14951)
Auditing Firm: Type of auditor's report:	Confirmed opinion				METRON AUDITING S.A. (Register Number of the Body of Certified Auditors Accountants 158)
	BALANCE SHEET				STATEMENT OF CHANGES IN SHAREHOLDER EQUITY
(consolidated and non consolidated) amounts in thousand € THE GROUP THE COMPANY					(consolidated and non consolidated) amounts in thousand €
ASSETS	30-06-20	31-12-19	30-06-20	31-12-19		THE GROUP 1/1-30/6/20	1/1-30/6/19	THE COMPANY 1/1-30/6/20	1/1-30/6/19
Non current tangible fixed assets Intangible assets	34,961 154	35,303 199	31,353 91	31,623 134	Total equity capital at beginning of period (1/1/20 and 1/1/19 respectively) Total comprehensive income after taxes	26,491 397	26,073 (142)	27,184 461	26,557 (21)
Other non-current assets	719	719	3,818	3,818	Distributed Dividends	0	0	0	0
Inventories Advances for inventories purchase	15,087 369	14,070 316	14,983 366	14,039 312	Other changes Total equity capital at end of period (31/12/20 and 31/12/19 respectively)	11 26,899	10 25,941	0 27,645	0 26,536
Trade receivables	9,661	8,801	10,265	9,381
Other current assets TOTAL ASSETS	3,764 64,715	2,675 62,083	3,326 64,202	2,252 61,559
EQUITY CAPITAL & LIABIBLITIES					CASH FLOW STATEMENT (consolidated and non consolidated) amounts in thousand €
Share capital (34.720.000 shares of 0,31 €)	10,763	10,763	10,763	10,763		THE GROUP		THE COMPANY
Other equity capital Total Equity Capital of Parent Company's Holders (a)	15,980 26,743	15,568 26,331	16,882 27,645	16,421 27,184	Cash Flow from operating activities	1/1-30/6/20	1/1-30/6/19	1/1-30/6/20	1/1-30/6/19
Minority interest (b)	156	160	0	0	Profit /(loss) before taxes (continuing activities)	294	113	352	239
Total Equity capital (c) = (a)+(b) Long - term loan liabilities	26,899 17,182	26,491 17,978	27,645 16,936	27,184 17,711	Plus / minus adjustments for : Depreciation	671	722	611	649
Deferred long - term tax liabilities	3,451	3,554	3,231	3,340	Provisions	0	0	0	0
Provisions / Other long-term liabilities Short - term loan liabilities	2,291 9,419	2,325 7,944	1,559 9,314	1,581 7,839	Exchange differences Debit interest and similar expenses	0 280	0 619	0 271	0 613
Other short - term liabilities Total liabilities(d)	5,473 37,816	3,791 35,592	5,517 36,557	3,904 34,375	Returns (income, expenses, profit, loss) from investment activity Plus/minus adjustments concerning changes in working capital accounts or	(78)	(88)	(89)	(93)
TOTAL EQUITY CAPITAL AND LIABILITIES (c) + (d)	64,715	62,083	64,202	61,559	related to operating activities:
	INCOME STATEMENT				Increase (decrease) in inventories Increase/decrease in other receivables	(1,071) (1,622)	1,642 (3,338)	(998) (1,649)	1,652 (3,091)
(consolidated and non consolidated) amounts in thousand €					Increase/decrease in liabilities (excluding loans)	1,682	(246)	1,612	(301)
	THE GROUP			THE COMPANH	Minus: Income taxes paid	0	(1)	0	(1)
	1/1-30/6/20	1/1-30/6/19	1/1-30/6/20	1/1-30/6/19	Total of cash flow (inflows - outflows) from operating activities (a)	156	(577)	110	(333)
Turnover Gross profit/(loss)	9,902 3,418	7,900 3,341	9,794 3,341	7,798 3,306	Cash flow from investment activities Purchase of tangible and intangible fixed assets and other investments	(188)	(84)	(188)	(84)
Profit / (loss) before taxes, interest and investment					Proceeds from the sales of tangible and intangible assets	1	0	0	0
results Profit / (loss) before taxes	765 294	732 113	814 352	852 239	Proceeds from sale of financial investments Interest received	0 0	0 0	0 0	0 0
Profit / (loss) after taxes (A) Equity holders of Parent company	397 398	(142) (140)	461 461	(21) (21)	Proceeds from dividends Increase/(decrease) in other long - term receivables	0 0	0 0	0 0	0 0
Minority interest	(1)	(2)	0	0	Total of cash flow (inflows - outflows) from investment activities (b)	(187)	(84)	(188)	(84)
Other total earnings after taxes (B)	0	0	0	0	Cash flow from financing activities Proceeds from increase of Share Capital	0	0	0	0
Total comprehensive earnings after taxes (A) + (B)	397	(142)	461	(21)	Dividends paid	0	0	0	0
Equity holders of Parent company Minority interest	398 (1)	(140) (2)	461 0	(21) 0	Proceeds from issued/received loans Repayment of loans	8,577 (8,221)	4,024 (3,425)	8,577 (8,191)	3,724 (3,398)
Profit / (loss) after taxes per share (in €)	0,0115	-0,0040	0,0133	-0,0006	Repayment of finance lease liabilities (amortization) Total of cash flow (inflows - outflows) from financing activities (c)	0 356	0 599	0 386	0 326
Proposed Dividend			0.0000	0.0000	Net increase/(decrease) in cash and	325	(62)	308	(91)
Profit / (loss) before taxes, interest and investment results and total depreciation	1,437	1,454	1,425	1,500	cash equivalents (a)+(b)+© Cash and cash equivalents at beginning of period	1,635	1,522	1,491	1,413
					Cash and cash equivalents at end of period	1,960	1,460	1,799	1,322
					ADDITIONAL FIGURES AND INFORMATION
1. The Group of companies that are included in the consolidated financial statements with their addresses and the percentage of ownership are as follows: Full consolidation method				7. The amounts of purchases and sales (transactions) from the beginning of the fiscal year and the balances of assets and liabilities at the end of the current fiscal year, resulting from transactions with related parties, according to IFRS 24, are as follows (in €):
PAPAPANAGIOTOU S.A. - DROMEAS, Industrial Area of Serres K.E.M. S.A., Industrial Area of Serres	Parent company 92.54%
DROMEAS B.G. EAD, Sofia Bulgaria No changes in the incorporation method have occurred and there are no companies or / and joint ventures	100.00%				α) Income		THE GROUP 30-06-20	THE COMPANY 30-06-20
not included in the consolidated Financial Statements.					β) Expenses		-	39,597
2.All accounting principles applied in these Financial Statements are the same as those applied at 31/12/2016 3. The fixed assets and the mechanical equipment of the Parent company have been pledged for				γ) Receivables from related parties δ) Liabilities to related parties		23,725 -	322,301 751,229
the total amount of 21.300 thousand € in order to cover an equal amount of loan liabilities.					ε) Transactions and remunerations of managers and Board members		5,641	419,069
4. The number of employees in the group and the company is:	THE GROUP		THE COMPANY		στ) Receivables from managers and Board members ζ) Liabilites of managers and Board members		169,103 78,537	154,100 -
Employees (at mentioned period)	30-06-20 54	30-06-19 54	30-06-20 52	30-06-19 52	8. The profit per share in the current and previous period have been calculated according to the weighted average		23,614	23,614
Workers (at mentioned period)	235	178	206	149	number of shares of the Parent company.
Total	289	232	258	201	9. The unaudited tax years of the Parent company and of the other Group companies are presented in detail in the corresponding section of the annual financial report.
5. There are no litigations under dispute or under arbitration of judicial or administrative bodies, that may have important					10. At the end of the current fiscal year, there are no shares of the Parent company possesed by the Parent
repercussion in the financial position of the Company and the Group. 6. The provision amount for bad debts on 30/06/2020 comes up to 635.530 € for the Group and to 633.150 €					company or by the subsidiaries and associated companies. 11. There are no other significant issues after 30/06/2020 which would diversify the published data and information
for the Company. The Company have no tax cases under dispute, while for the unaudited fiscal years has formed sufficient					in the Financial Statements.
provision of total amount to € 103.353. The other formed provisions, come up to 227.871 € on 30/06/2020 for the Group and come up to 222.686 € for the Company.					12. There has not occurred an interruption of individual sectors or company of the Group. 13. Analysis of the other changes in Equity capital is included in the respective notes of the Annual Financial Report.
For more information, please refer to the respective notes of the annual financial report.
Chairman and CEO ATHANASIOS K. PAPAPANAGIOTOU					The Member STAVROULA A. PAPAKONSTANTINOU			Chief Accountant THEODOROS TRIANTAFYLLIDIS
I.D. ΑM 430530				I.D. Ξ 430531				First Class Accountant, Reg. No.: 65724