AGROS DEVELOPMENT COMPANY "PROODOS" PUBLIC LTD

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	2021 €	2020 €

Turnover Cost of sales	2.528.390 (1.398.252)	2.438.805 (1.417.433)
Gross profit	1.130.138	1.021.372
Operating and administrative expenses	(337,207)	(268,406)
Operating profit before interest, tax, depreciation and amortisation	792,931	752,966
Depreciation Reversal of impairment of property, plant and equipment	(329,115) 2.250.663	(321,760)
Operating profit	2.714.479	431.206
Net finance expenses	(166.366)	(13.774)
Profit before tax Taxation	2.548.113 (310.998)	417.432 70.635
Profit for the year	2.237.115	488,067
Other comprehensive income Increase in fair value of land Increase/(decrease) in deferred tax in revaluation of land	110.000 (20.430)	(404)
Other comprehensive income for the year	89.570	(404)
Total comprehensive income for the year	2.326.685	487.663
Basic profit per share (cent)	62,31	13,59

	2021	2020
	€	€

Property, plant and equipment	13.200.000	10.606.309
Deferred Tax Asset	99.396	99.396
Total non-current assets	13.299.396	10.705.705
Inventories	74.006	61.905
Property under development	152.315	656.142
Trade and other receivables	656.142	98.710
Cash at bank and in hand	430.653	96.162
Total current assets	1.313.116	912.919
Total assets	14.612.512	11.618.624
EQUITY
Share capital	6.139.268	6.139.268
Share premium	1.198	1.198
Reserves	1.730.892	(522.197)
Total equity	7.871.358	5.618.269
LIABILITIES
Loans and borrowings	4.649.679	4.487.843
Deferred tax liabilities	1.141.324	809.896
Total non-current liabilities	5.791.003	5.297.739
Bank overdrafts	-	40.665
Short term loans	551.863	451.673
Trade and other payables	366.752	188.962
Deferred income	31.536	21.316
Total current liabilities	950.151	702.616
Total liabilities	6.741.154	6.000.355
Total equity and liabilities	14.612.512	11.618.624