Agros Development Company "Proodos" Public LTD

Annual / Quarterly Financial Statement • Sep 13, 2019

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the period from 1 January 2019 to 30 June 2019

	1 January 2019 to 30 June 2019 €	1 January 2018 to 30 June 2018 €
Revenue	1.251.445	176.575
Cost of sales	(729.530)	(230.779)
Gross profit/(loss)	521.915	(54.204)
Administrative and selling expenses	(139.405)	(111.378)
Depreciation charge	(135.766)	(121.592)
Other operating expenses	(17.176)	(20.402)
Operating profit/(loss)	229.568	(307.576)
Net Finance expenses	(61.387)	(65.322)
Profit/(loss) before taxation	168.181	(372.898)
Taxation	(22.832)	(18.235)
Profit/(loss) for the period	145.349	(391.133)
Other comprehensive income
Decrease in deferred tax for the revaluation of land	483	1.504
Other comprehensive income for the period	483	1.504
Total profit/(loss) for the period	145.832	(389.629)
Basic and diluted profit/(loss) per share (Cent)	4,05	(10,89)

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

As at 30 June 2019

	Unaudited 30 June 2019 €	Audited 31 December 2018 €
ASSETS
Property, plant and equipment	9.815.097	9.471.123
Total non-current assets	9.815.097	9.471.123
Inventories Properties for development Trade and other receivables Cash and cash equivalents	57.163 549.315 211.137 51.188	50.658 549.315 61.169 10.456
Total current assets	868.803	674.598
Total assets	10.683.900	10.145.721
EQUITY
Share capital Reserves Total equity	6.139.268 (1.348.652) 4.790.616	6.139.268 (1.494.484) 4.644.784
LIABILITIES
Long-term portion of bank loans Deferred tax liabilities Total non-current liabilities	3.285.000 759.590 4.044.590	3.586.554 737.241 4.323.795
Bank overdraft Short-term portion of bank loans Trade and other payables Deferred income Dividends payable Total current liabilities	676.909 965.000 200.819 - 5.966 1.848.694	546.090 316.466 255.943 52.677 5.966 1.177.142
Total liabilities	5.893.284	5.500.937
Total equity and liabilities	10.683.900	10.145.721