Ch. Charilaou Group Plc — Audit Report / Information 2020

Jun 16, 2021

STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME 31 December 2020

	2020 €	2019 €
Credit dividends	28.800	163.427
Administrative and other costs	(28.811)	(15.643)
(Loss)/profit before taxation	(11)	147.784
Taxation	-	-
Net (loss) / profit for the year	(11)	147.784
Other comprehensive income	-	-
Comprehensive income for the year	(11)	147.784
Profit per share attributable to the shareholders of the parent company (cents)	-	0.07

STATEMENT OF FINANCIAL POSITION 31 December 2020

	2020 €	2019 €
ASSETS
Non-current assets
Investments in subsidiaries	1.800.000	1.800.000
	1.800.000	1.800.000
Current assets
Receivables	526.478	575.111
	526.478	575.111
Total assets	2.326.478	2.375.111
EQUITY AND LIABILITIES Equity
Share capital	2.158.179	2.158.179
Accumulated profits	89.762	90.668
Total equity	2.247.941	2.248.847
Current liabilities
Trade and other creditors	77.378	125.105
Current tax liabilities	1.159	1.159
Total liabilities	78.537	126.264
Total equity and liabilities	2.326.478	2.375.111

STATEMENT OF CHANGES IN NET POSITION 31 December 2020

	Share capital €	Accumulated profits €	Total €
Balance as at 1 January 2019	2.158.179	(44.502)	2.113.677
Total income Net profit for the year	-	147.784	147.784
Transactions with shareholders Contribution for defence and GESY in deemed dividend distribution	-	(12.614)	(12.614)
Balance as at 31 December 2019 / 1 January 2020	2.158.179	90.668	2.248.847
Total income Net loss for the year	-	(11)	(11)
Transactions with shareholders Contribution for defence and GESY in deemed dividend distribution	-	(895)	(895)
Balance as at 31 December 2020	2.158.179	89.762	2.247.941

STATEMENT OF CASH FLOWS 31 December 2020

	2020 €	2019 €
CASH FLOW FROM OPERATING ACTIVITIES
(Loss) / Profit before taxation	(11)	147.784
Adjustments for:
Credit dividends	(28.800)	(163.427)
	(28.811)	(15.643)
Changes in working capital:
Decrease/(Increase) in receivables	48.633	(87.635)
Decrease in trade and other creditors	(47.727)	(47.535)
Cash for operations	(27.905)	(150.813)
Dividends received	28.800	163.427
Net cash from operations	895	12.614
CASH FLOW FROM INVESTING ACTIVITIES	-	-
CASH FLOW FROM FINANCING ACTIVITIES
Payment of defence contribution in deemed dividend distribution	(895)	(12.614)
Net cash for financing activities	(895)	(12.614)
Net increase in cash and cash equivalents	-	-
Cash and cash equivalents at beginning of year	-	-
Cash and cash equivalents at end of year	-	-