Ch. Charilaou Group Plc

Annual / Quarterly Financial Statement • Aug 3, 2020

CH. CHARILAOU GROUP PLC CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME As at 31 December 2019

	2019	2018
	€	€
Income	1,734,674	1,881,883
Cost of sales	(1,067,689)	(1,253,198)
Gross profit	666,985	628,685
Other operating income	28,240	5,307
Distribution and sales costs	(139,366)	(334,014)
Administrative expense	(396,116)	(415,123)
Other costs	-	(502)
Operating results	159,743	(115,647)
Net finance costs	(2,059)	(3,223)
Results / (loss) before taxation	157,684	(118,870)
Taxation	(27,319)	(9,559)
Net profit / (loss) for the year	130,365	(128,429)
Profit / (loss) per share attributed to the shareholders of
the parent company (cents)	0.06	(0.06)

CH. CHARILAOU GROUP PLC CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 2019

	2019	2018
	€	€
ASSETS
Non-current assets
Property, plant and equipment	74,388	91,957
Assets with a right of use	97,406	-
Intangible assets	438,584	435,353
	610,378	527,310
Current assets
Stocks	444,726	397,113
Trade and other receivables	117,322	278,469
Financial assets at fair value through profit and loss	4,087	4,087
Tax receivable	22,052	23,593
Cash at bank and in hand	825,690	689,949
	1,413,877	1,393,211
Total assets	2,024,255	1,920,521
EQUITY AND LIABILITIES
Equity
Share capital	362,430	362,430
Accumulated profits	1,434,318	1,316,567
Total equity	1,796,748	1,678,997
Non-current liabilities
Trade and other creditors	227,507	240,476
Borrowings	-	1,048
	227,507	241,524
Total equity and liabilities	2,024,255	1,920,521

CH. CHARILAOU GROUP PLC CONSOLIDATED STATEMENT OF CHANGES IN ΝΕΤ POSITION 31 December 2019

	Accumulated
	Share capital	profits	Total
	€	€	€
Balance as at 1 January 2108	362.430	1.460.588	1.823.018
Total income	-	(128.429)	(128.429)
Net loss for the year
Transactions with shareholders Defence contribution to deemed dividend
distribution	-	(15.592)	(15.592)
Balance as at 31 December 2018/1 January 2019	362.430	1.316.567	1.678.997
Total income
Net profit for the year	-	130.365	130.365
Transactions with shareholders Defence contribution to deemed dividend
distribution	-	(12.614)	(12.614)
Balance as at 31 December 2019	362.430	1.434.318	1.796.748

CH. CHARILAOU GROUP PLC CONSOLIDATED STATEMENT OF CASH FLOWS 31 December 2019

	2019	2018
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Results / (loss) before taxation	157,684	(118,870)
Adjustments for:
Depreciation of property, plant and equipment	32,340	26,538
Depreciation of computer programmes	1,613	-
Losses of fair value in financial assets at fair value through profit
and loss	-	502
Credit interest	(928)	(1,089)
Debit interest	532	1,793
	191,241	(91,126)
Changes in working capital
Increase in stocks	(47,613)	(53,813)
Decrease in amounts receivable	57,747	230,483
Decrease in trade and other creditors	(12,969)	(47,731)
Cash from operating activities	188,406	37,813
Tax paid	(25,778)	(34,311)
Net cash flow from operating activities	162,628	3,502
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of intangible assets	(4,844)	-
Payment for the purchase of property, plant and equipment	(8,777)	(64,186)
Interest received	928	1,089
Net cash flow for investing activities	(12,693)	(63,097)
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of loans	(1,048)	(17,455)
Payment of interest	(532)	(1,793)
Payment of contribution for defence to deemed dividend
distribution	(12,614)	-
Net cash from financing activities	(14,194)	(19,248)
Net (decrease)/increase in cash and cash equivalents	135,741	(78,843)
Cash and cash equivalents at beginning of year	689,949	768,792
Cash and cash equivalents at end of year	825,690	689,949