Chris Joannou Public LTD

Annual / Quarterly Financial Statement • Apr 28, 2025

Consolidated statement of profit and loss account and other total income for the year ended 31 December 2024

	2024	2023
	€	€
Sales Cost of sales	5.167.908 (3.690.439)	5.534.472 (4.041.826)
Gross profit	1.477.469	1.492.646
Other operating income Sales and distribution expenses Administrative expenses Gain/(loss) of impairment in trade and other receivables Other profits	13.740 (533.402) (846.513) 32.049 4.123	50.536 (530.564) (800.110) (11.456) 1.344
Profit from operations Finance cost	147.466 (145.280)	202.396 (111.888)
Profit before taxation Taxation	2.186 (2.860)	90.508 (14.842)
Net (loss)/profit for the year	(674)	75.666
Other total income
Amounts not to be reclassified to the results in subsequent periods: Adjustment of fair value of land and buildings Adjustment of deferred taxation	88.479 (13.862)	- 2.360
Other total income for the year	74.617	2.360
Total profits for the year	73.943	78.026
(Loss)/earnings per share attributable to the shareholders of the parent company (cents) – Basic and fully diluted	(0.007)	0.751

Consolidated statement of financial position as at 31 December 2024

	2024	2023
	€	€
ASSETS
Non-current assets
Property, plant and equipment	2.376.608	2.335.330
Investment property	3.939.919	3.975.866
Goodwill	309.354	309.354
Trade and other receivables	52.500	49.688
Total non-current assets	6.678.381	6.670.238
Current assets
Stocks	684.553	763.635
Trade and other receivables	772.365	973.968
Financial assets at fair value through profit and loss	10.526	6.600
Tax refundable	20.229	-
Cash at bank and in hand	4.323	12.095
Total current assets	1.491.996	1.756.298
	8.170.377	8.426.536
Total Assets
EQUITY AND LIABILITIES
Equity
Share capital	3.423.746	3.423.746
Other reserves	4.192.019	4.146.345
Accumulated losses	(4.513.811)	(4.542.080)
Total equity	3.101.954	3.028.011
Non-current liabilities
Borrowings	1.276.574	1.348.101
Deferred tax liabilities	664.013	657.001
Total non-current liabilities	1.940.587	2.005.102
Current liabilities
Trade and other creditors	1.200.137	1.371.777
Borrowings	1.927.596	2.015.775
Current tax liabilities	103	5.871
Total current liabilities	3.127.836	3.393.423
Total liabilities	5.068.423	5.398.525
Total equity and liabilities	8.170.377	8.426.536

Consolidated statement of cash flows for the year ended 31 December 2024

	2024	2023
	€	€
Cash flow from operations
Profit before taxation	2.186	90.508
Depreciation of property, plant and equipment	102.336	102.348
Depreciation of investment property	77.411	76.167
Gains in fair values in financial assets at fair value through profit and loss	(3.926)	(1.344)
Reversal/(charge) for impairment in the value of trade receivables	(32.049)	11.456
Debit interest	135.628	104.044
Dividends receivable	-	(217)
Cash flows from operations before changes in capital Changes in working capital	281.586	382.962
Decrease in stocks	79.082	52.578
Decrease in trade and other receivables	230.840	13.203
(Decrease)/increase in trade and other creditors	(202.603)	31.539
Cash from operations	388.905	480.282
Tax paid	(35.177)	(22.401)
Net cash from operations	353.728	457.881
Cash flow from investing activities
Payment for purchase of property, plant and equipment	(55.135)	(3.455)
Payment for additions to investment property	(41.464)	(153.950)
Dividends received	-	217
Net cash for investing activities	(96.599)	(157.188)
Cash flow from financing activities
Loan capital repayments	(306.954)	(270.810)
Proceeds from new bank loans	169.437	-
Proceeds from new loans from affiliated parties	30.000	70.000
Interest – loans paid	(64.306)	(53.385)
Other interest paid	(70.816)	(50.659)
Net cash for financing activities	(242.639)	(304.854)
Net increase/(decrease) in cash and cash equivalents	14.490	(4.161)
Cash and cash equivalents at beginning of year	(1.657.688)	(1.653.527)
Cash and cash equivalents at end of year	(1.643.198)	(1.657.688)

Consolidated statement of changes in equity for the year ended 31 December 2024

	Share capital	Fair value reserve – land and buildings	Share premium reserve	Accumulated losses	Total
	€	€	€	€	€
Balance as at 1 January 2023	3.423.746	4.155.608	17.320	(4.646.689)	2.949.985
Total income Net profit for the year	-	-	-	75.666	75.666
Other total income for the year	-	2.360	-	-	2.360
Total income for the year	-	2.360	-	75.666	78.026
Other changes Additional depreciation due to revaluation brought forward Deferred taxation to additional	-	(33.078)	-	33.078	-
depreciation due to revaluation	-	4.135	-	(4.135)	-
Total other changes	-	(28.943)	-	28.943	-
Balance as at 31 December 2023/ 1 January 2024	3.423.746	4.129.025	17.320	(4.542.080)	3.028.011
Total income Net loss for the year	-	-	-	(674)	(674)
Other total income for the year	-	74.617	-	-	74.617
Total income for the year	-	74.617	-	(674)	73.943
Other changes Additional depreciation due to revaluation brought forward Deferred taxation to additional	-	(33.078)	-	33.078	-
depreciation due to revaluation	-	4.135	-	(4.135)	-
Total other changes	-	(28.943)	-	28.943	-
Balance as at 31 December 2024	3.423.746	4.174.699	17.320	(4.513.811)	3.101.954