Claridge Public LTD — Annual Report 2017

Apr 30, 2018

Statement of comprehensive income for the year ended 31 December 2017

	2017 €	2016 €
Continued operations Other income Other losses and expenses	2.225 (900.761)	8.103.008 (9.340.068)
Loss before tax Tax	(898.536) (1)	(1.237.060) (75)
Loss for the year from continued operations	(898.537)	(1.237.135)
Discontinued operations (Loss)/profit for the year from discontinued operations	(143.730)	(516.829)
Net loss for the year	(1.042.267)	(1.753.964)
(Loss)/profit per share attributable to company's shareholders (cent per share) - discontinued operations	(0, 13)	(0, 48)
Loss per share attributable to company's shareholders (cent per share) - continued operations	(0, 83)	(1.14)
Other comprehensive income Items that may be subsequently reclassified to profit or loss	58	1.026
Available-for-sale financial assets Other total comprehensive income/(loss) for the year after tax	58	1.026
Total loss for the year	(1.042.209)	(1.752.938)
Total loss per share attributable to company's shareholders (cent per share). Basic	(0, 96)	(1,62)

Items in the statement above are disclosed net of tax.

Balance sheet at 31 December 2017

	2017 €	2016
Assets		€
Non-current assets
Investments in subsidiaries	1.000	1.000
Investments in associates	1.330.422	1.500.000
Available for sale financial assets	6.413	6.355
	1.337.835	1.507.355
Current assets
Current portion of non-current receivables	5.917.593	6.517.593
Trade and other receivables	431.729	644.220
Cash and cash equivalents	154	44.678
	6.349.476	7.206.491
Assets held for sale	291.556	318.764
Total assets	7.978.867	9.032.610
Equity and Liabilities
Capital and reserves
Share capital	12.979.554	12.979.554
Other reserves	165.523	1.294
Accumulated losses	(7.851.143)	(4.890.744)
	5.293.934	6.336.143
Current liabilities
Trade and other payables	44.108	58.699
Liabilities for assets held for sale	2.640.825	2.637.770
Total liabilities	2.684.933	2.696.469
Total equity and liabilities	7.978,867	9.032.610

On 30 April 2018 the Board of Directors of Claridge Public Limited authorised these financial statements for issue.

Consolidated statement of comprehensive income for the year ended 31 December 2017

	2017	2016
Continued operations	€	€
Revenues		1.023.000
Cost of sales		(1.143.550)
Gross (loss)/profit		(120.550)
Selling and marketing costs	(40.944)	(72.185)
Administrative expense	(269.333)	(344.898)
Other income	37.988	192.733
Other losses	(288.420)	(1.967.146)
Operating (loss)/profit	(560.709)	(2.312.046)
Finance costs		(2.454)
(Loss)/profit before tax	(560.709)	(2.314.500)
Tax	(13)	(75)
(Loss)/profit for the year from continued operations	(560.722)	(2.314.575)
Discontinued operations
(Loss)/profit for the year from discontinued operations	(150.844)	(516.829)
Net (loss)/profit for the year	(711.566)	(2.831.404)
(Loss)/profit per share attributable to company's
shareholders (cent per share)-continued operations	(0, 52)	(2, 14)
(Loss)/profit per share attributable to company's
shareholders (cent per share) - discontinued
operations	(0, 14)	(0, 48)
Other comprehensive income:
Actuarial gains of associated company	(21.640)	219
	(21.640)	219
Items that may be subsequently reclassified to
profit or loss
Available-for-sale financial assets-fair value loss	58	1.026
Other total comprehensive income for the year after
tax	(21.582)	1.245
Total (loss)/profit for the year	(733.148)	(2.830.159)
Total (loss)/profit per share attributable to
company's shareholders (cent per share)
Basic	(0,68)	(2,62)

Items in the statement above are disclosed net of tax.

Consolidated Balance sheet at 31 December 2017

	2017 €	2016 €
Assets
Non-current assets
Investments in associates	1.330.422	1.500.000
Available for sale financial assets	6.413	6.355
	1.336.835	1.506.355
Current Assets Inventories	5.685.000	5.776.489
Trade and other receivables	1.057.018	1.106.485
Cash and cash equivalents	77.611	492.685
	6.819.629	7.375.659
Assets held for sale	291.556	318.764
Total assets	8.448.020	9.200.778
Equity and liabilities
Capital and reserves
Share capital	12.979.554	12.979.554
Other reserves	165.523	214.689
Accumulated losses	(7.545.424)	(6.861.442)
	5.599.653	6.332.801
Current liabilities
Trade and other payables	200.428	230.212
Liabilities for assets held for sale	2.647.939	2.637.770
Total liabilities	2.848.367	2.867.977
Total equity and liabilities	8.448.020	9.200.778

On 30 April 2018 the Board of Directors of Claridge Public Limited authorised these consolidated financial statements for issue.