Ch. Charilaou Group Plc

Interim / Quarterly Report • Oct 3, 2019

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF TOTAL INCOME Period from 1 January 2019 to 30 June 2019

	01/01-30/06	01/01-30/06
	2019	2018
	€	€
Income	1.008.067	1.112.620
Cost of sales	(602.249)	(690.953)
Gross profit	405.818	421.667
Sales and administrative expenses	(248.707)	(227.726)
Profit from operating activities	157.111	193.941
Net finance costs	(2.468)	(4.026)
Profit before taxation	154.643	189.915
Taxation	-	-
Net profit	154.643	189.915
Other total income	-	-
Total income for the period	154.643	189.915
Earnings per share attributed to the shareholders of the
parent company (cents)	0.07	0.09

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 2019

	30/06/2019	31/12/2018
	€	€
ASSETS
Non-current assets
Plant and equipment	83.889	91.957
Intangible assets	435.352	435.352
	519.241	527.309
Current assets
Stocks	367.563	397.113
Trade and other receivables	622.748	278.469
Financial assets at fair value through profit and loss	4.087	4.087
Tax refundable	23.159	23.593
Cash at bank and in hand	798.637	689.949
	1.816.194	1.393.211
Total assets	2.335.435	1.920.520
EQUITY AND LIABILITIES
Equity
Share capital	362.430	362.430
Accumulated profits	1.471.208	1.316.565
Total equity	1.833.638	1.678.995
Current liabilities
Trade and other creditors	436.037	240.477
Borrowings	65.760	1.048
	501.797	241.525
Total equity and liabilities	2.335.435	1.920.520

CH. CHARILAOU GROUP PLC CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Period from 1 January 2018 to 30 June 2019

	Accumulated
	Share capital	profits	Total
	€	€	€
Balance – 1 January 2018	362.430	1.460.586	1.823.017
Net profit for the year Contribution for defence in deemed		(128.429)	(128.429)
dividend distribution	--	(15.592)	(15.592)
Balance – 31 December 2018	362.430	1.316.565	1.678.995
Balance – 1 January 2019	362.430	1.316.565	1.678.995
Net profit for the year	--	154.643	154.643
Contribution for defence indeemed
dividend distribution	--	--	--
Balance – 30 June 2019	362.430	1.471.208	1.833.638

Companies which do not distribute 70% of their profits after tax, as defined by the Special Contribution for the Defence of the Republic Law, by the end of the two years after the end of the year of assessment to which the profits refer, will be deemed to have distributed this amount as dividend.

Special contribution for defence at 17% will be payable on such deemed dividend to the extent that the shareholders (individuals and companies) at the end of the period of two years from the end of the year of assessment to which the profits refer, are Cyprus tax residents. The amount of this deemed dividend distribution is reduced by any actual dividend already paid for the year to which the profits refer. This special contribution for defence is paid by the Company for the account of the shareholders.

CH. CHARILAOU GROUP PLC

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the period from 1 January 2018 to 30 June 2019

	01/01-30/06/
	2019	31/12/2018
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	154.643	(118.870)
Adjustments for:
Depreciation of plant and equipment	13.436	26.538
Depreciation of goodwill	-	-
Losses of fair value in financial assets	-	502
Credit interest	-	(1.089)
Debit interest	2.468	1.793
	170.547	(91.126)
Cash flow for operating activities before changes in working
capital
Decrease / (Increase) in stocks	29.550	(53.813)
(Increase) / Decrease in trade and other receivables	(344.280)	230.483
Increase / (Decrease) in trade and other creditors	195.560	(47.731)
Cash flow (for) / from operating activities	51.377	37.813
Tax paid	435	(34.311)
Net cash flow (for) / from operating activities	51.812	3.502
CASH FLOW FROM INVESTING ACTIVITIES
Payment for the purchase of property, plant and equipment	(5.368)	(64.186)
Interest received	-	1.089
Net cash flow for investing activities	(5.368)	(63.097)
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of loans	(1.048)	(17.455)
Payment of interest	(2.468)	(1.793)
Payment of contribution for defence in deemed dividend	-	-
distribution
Net cash flow from financing activities	(3.516)	(19.248)
Net (decrease)/increase in cash and cash equivalents	42.928	(78.843)
Cash and cash equivalents:
At beginning of period	689.949	768.792
At end of period	732.877	689.949