AGROS DEVELOPMENT COMPANY "PROODOS" PUBLIC LTD

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	2020	2019
	€	€
Turnover	2.438.805	2.982.543
Cost of sales	(1.417.433)	(1.679.445)
Gross profit	1.021.372	1.303.098
Operating and administrative expenses	(268,406)	(339.494)
Operating profit before interest, tax, depreciation and amortisation	752,966	963.604
Depreciation	(321,760)	(287.861)
Operating profit	431.206	675.743
Net finance expenses	(13.774)	(138.353)
Profit before tax Taxation	417.432 70.635	537.390 (43.649)
Profit for the year	488,067	493.741
Other comprehensive income Increase/(decrease) in deferred tax in revaluation of land	(404)	159
Other comprehensive income for the year	(404)	159
Total comprehensive income for the year	487.663	493.900
Basic profit per share (cent)	13,59	13,75

	2020	2019
	€	€
Property, plant and equipment	10.606.309	9.878.475
Deferred Tax Asset	99.396	-
Total non-current assets	10.705.705	9.878.475
Inventories	61.905	52.193
Property under development	656.142	549.315
Trade and other receivables	98.710	187.719
Cash at bank and in hand	96.162	16.763
Total current assets	912.919	805.990
Total assets	11.618.624	10.684.465
EQUITY
Share capital	6.139.268	6.139.268
Share premium	1.198	1.198
Reserves	(522.197)	(1.009.860)
Total equity	5.618.269	5.130.606
LIABILITIES
Loans and borrowings	4.487.843	4.023.256
Deferred tax liabilities	809.896	780.731
Total non-current liabilities	5.297.739	4.803.987
Bank overdrafts	40.665	193.042
Short term loans	451.673	356.990
Trade and other payables	188.962	184.601
Deferred income	21.316	15.239
Total current liabilities	702.616	749.872
Total liabilities	6.000.355	5.553.859
Total equity and liabilities	11.618.624	10.684.465