PALMBOOMEN CULTUUR MAATSCHAPPIJ MOPOLI Naamloze Vennootschap (PALMERAIES DE MOPOLI) Société Anonyme

Registered office : 10, Koningin Julianaplein, 1st floor - 2595 AA DEN HAAG Headquarter : 2, Place du Champ de Mars - 1050 BRUXELLES

MOPOLI HALF-YEAR FINANCIAL STATEMENTS

FINANCIAL YEAR 2020/2021 Unaudited

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FORECAST

Earnings will depend on the remuneration of loans and cash deposits.

RISKS - UNCERTAINTIES

The management do not foresee any specific or noted any new uncertainties that the company should have to face for the remaining six months of the financial year.

TRUE AND FAIR VIEW STATEMENT

With reference to section 5.25c paragraph 2c of the Financial Markets Supervision Act, the Board of Directors states that, to the best of its knowledge:

· the financial statements which have been prepared in accordance with IFRS adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code gives a true and fair view of the assets, liabilities, financial position and profit or loss of Mopoli;
· the directors' report provides a fair review of the situation on the balance sheet date and of developments during the financial year of Mopoli whose information has been included in the financial statements, together with a description of the main risks the company faces.

MOPOLI BOARD OF DIRECTORS

François Fabri Director

Hubert Fabri Director

STATEMENT OF FINANCIAL POSITION at 31st December 2020

ASSETS

(in thousands of Euro)	Notes	31 December 2020	31 December 2019
NON-CURRENT ASSETS		9 000	9 000
Available for sale investments		O	0
Other receivables	1	9 000	9 000
CURRENT ASSETS		46 896	46 438
Other receivables	1	20 457	20 400
IV. Cash and short-term deposits	2	26 439	26 037
Other current assets >		0	1
TOTAL ASSETS		55 896	55 438

EQUITY AND LIABILITIES (in thousands of Euro)	Notes	31 December 2020	31 December 2019
EQUITY		55 652	55 236
Share capital -	3	2 244	2 314
11. Revaluation reserves	3	O	0
III. Statutory reserves	3	231	231

IV. Unvailable reserves	3	70	O
> Available reserves	3	523	523
VI. Result for the year	3	106	247
VII. Retained earnings	3	55 852	55 295
VIII. Treasury Shares	3	-3 374	-3 374
NON-CURRENT LIABILITIES		O	0
IX. Deferred tax		O	O
ズ Other long-term payables		O	O
CURRENT LIABILITIES		244	202
XI. Trade and other payables		244	202
XII. Other current liabilities		O	0
TOTAL EQUITY AND LIABILITIES		55 896	55 438

TOTAL EQUITY AND LIABILITIES 55 896

STATEMENT OF COMPREHENSIVE INCOME

At 31st December 2020

1 (in thousands of Euro)	Notes	31 December 2020			31 December 2019
Revenue			0		0
Dividends A. B. Other operating revenues		0 0		0 0
Other operating expenses			-358		-197
A. Administrative costs		-358		-197
Operating profit			-358		-197
Profit/Loss from non-current assets			0		0
IV. Financial income			593		601
Financial expenses V.			-94		-67
Profit before tax			141		337
VI. Income tax expense			-35		-90
Profit for the year		106		247

Other comprehensive income		31 December 2020			31 December 2019
Net loss/(gain) on available-for-sale financial Assets			0		0
Deferred taxes liabilities on unrealized gain on AFS			0		0
Net other comprehensive income to be reclassi- fied to profit or loss in subsequent periods			0		0
Total comprehensive income for the year, net of tax			106		247
Profit attributable to equity holders of the parent			106		247
Total comprehensive income attributable to equity holders of the parent			106		247
Earnings per share (profit for the year attributable to
common shares): Basic earnings per share	4		1.09		1.90
Diluted earnings per share	4		1.09		1.90
Earnings per share (profit for the year attributable to founder shares): Basic earnings per share	4		0.00		23.94

CASH FLOW STATEMENT at 31st December 2020

(in thousands of Euro)	Notes	31 December 2020	31 December 2019
Cash flows from operating activities		103	1 232
Profit for the year		106	247
Capital Gain on sale of available-for-sales investments		0	0
Variation of trade and other receivables		-164	003
Variation of trade and other payables	161	82
Cash flows from investing activities		0	0
Purchase of available-for-sale investments		0	0
Sales of available-for-sale investments		0	0
Cash flows from financing activities		0	0
Dividends paid		0	0
Purchase of treasury shares		0	0
Other long-term payables		0	0
Net increase in cash and cash equivalents		103	1 232
Cash and cash equivalents as at beginning of year		26 336	24 805
Cash and cash equivalents as at 31th December		26 439	26 037

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Note 1 : Other receivables

(in thousands of euro)	31 Dec 2020	30 June 2020
Loans granted Other receivables Interest to be received on loan granted	29 000 165 292	29 000 O 289
Total of Trade and other receivables	29 457	29 289
Trade and other receivables whose recovery is awaited 1 year at the most	20 457	20 289
Trade and other receivables whose recovery is awaited between 1 and 5 years	9 000	9 000
Trade and other receivables whose recovery is awaited at more than 5 years	0	0

The loan of Socfinaf is unchanged to EUR 20 000 000.

Afico reimburse EUR 1 000 000 in June 2018 for a remaining balance of EUR 9 000 000. A new loan of EUR 6 000 000 was granted to Socfin but is already reimbursed.

These 3 loans are receivables on related parties. Also, the loan granted to Afico is a loan issued to a statutory director.

There is due interest on the loan to Socfinaf, Afico and Socfin for the last quarter.

Note 4 : Cash and cash equivalents

(in thousands of Euro)	31 Dec 2020	30 June 2020
Cash at banks and in hand Short-term deposits	26 439 O	26 336 ()
Cash and cash equivalents	26 439	26 336

Cash and cash-equivalents consist of cash in hand, bank balances and short-term deposits in money market

instruments.

There are not undrawn borrowing facilities.

There is no restriction to the availability of cash and cash equivalents.

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The statutory reserves are relative to article 12,3. a) of the company statutes. These reserves are no more funded as they reached 10% of the capital.

The unavailable reserves is funded by the conversion of the capital.

Distribution of profit (in thousands of euro)	Retained earnings	Result for the year
30 June 2019	54 647	651
Profit of the year	O	560
Dividends	-3	O
Transfer from previous year	651	-651
30 June 2020	55 295	560
Profit of the year	O	106
Dividends	-3	O
Transfer from previous year	560	-560
31 December 2020	55 852	106

Note 4 : Earnings per share

Basic earnings per share amounts are calculated by dividing net profit for the year attributable to common equity holders of the parent by the weighted average number of common shares outstanding during the year and by dividing net profit for the year attributable to founder shares by the weighted average number of founder shares outstanding during the year.

The group did not issue any financing instrument requiring to disclose a diluted earnings per share.

(in thousands of euro)	31 Dec 2020	31 Dec 2019
Numerator
Net profit from continuing operations Preference dividends Net profit	106 -3 103	247 -3 244
Net profit attributable to common shares Net profit attributable to founder shares	103 O	179 52
Denominator
Weighted average number of common shares Weighted average number of founder shares	94 096 2 181	94 096 2 181
Net profit attributable to common shares per common share (in euro)	1.09	1.90
Net profit attributable to founder shares per founder share (in euro)	0.00	23.94

AI Terminal

Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V.

9968_ir_2022-11-04-110500_44e1ac36-0e1d-4e48-9449-3a08151ea0bc.pdf