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CLR Investment Fund Public LTD

Earnings Release Sep 26, 2017

2456_ir_2017-09-26_c45d4bb5-85d5-4967-a742-4413a512bebf.pdf

Earnings Release

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Condensed Interim Consolidated Statement of Total Income for the period 1 January to 30 June 2017

01/01/2017-
30/06/2017
01/01/2016-
30/06/2016
Income
Credit dividend
Credit interest
-
-
78,300
-
--------------
-
--------------
78,300
Expenses
Gain on financial assets at fair value
through profit and loss 235,920 271,914
Impairment in the value of loans and receivables - (500,000)
Administrative costs (53,389) (54,529)
Profit / (loss) from operating activities ------------
182,531
------------
(204,315)
Finance costs (20,172) (21,077)
Profits / (loss) before taxation
Taxation
------------
162,359
(69,091)
------------
(225,392)
(72,392)
Net profit / (loss) for the period ------------
93,268
------------
(297,784)
Other total income
Other total income for the period after taxation
- -
Net total profit / (loss) for the period -------------
93,268
-------------
(297,784)
Net profit / (loss) for the period attributable to:
Company's shareholders
Minority interest
-------------
93,268
-
-------------
(297,784)
-
------------
93,268
------------
(297,784)
Earnings / (loss)
for the period per share
attributable to the Company's shareholders:
- basic and adjusted (€ cents)
------------
0.03
------------
(0. 09)
------------ ------------

Condensed Interim Consolidated Statement of Financial Position as at 30 June 2017

30 June
2017
31 December
2016
Assets
Investments in associated companies 1 1
Financial assets at fair value
through profit and loss 4,243,092 4,055,626
Other loans and receivables 2,788,946 3,050,680
Cash and cash equivalents 822,159 618,305
Total assets --------------
7,854,198
---------------
7,724,612
Equity and Liabilities ------------- ---------------
Capital and reserves
Share capital 8,644,229 8,644,229
Accumulated losses (8,333,754) (8,427,022)
Total equity -------------
310,475
---------------
217,207
------------- ---------------
Liabilities
Borrowings 768,488 763,251
Trade and other creditors 47,160 85,170
Current tax liabilities 6,728,075
------------
6,658,984
---------------
Total liabilities 7,543,723
------------
7,507,405
---------------
Total Equity and Liabilities 7,854,198
------------
7,724,612
---------------

Condensed Interim Consolidated Statement of Changes in Equity for the period 1 January to 30 June 2017

Share
capital
Accumulated
Losses
Total
Minority
Interest
Total
Balance at
1 January 2017
8,664,229 (8,427,022) 217,207 - 217,207
Total profit:
Net profit for the
-------------- ------------------ -------------- -------------- -------------
period - 93,268 93,268 - 93,268
-------------- ------------------ --------------- --------------- --------------
Total profit
for
the period
-
--------------
93,268
------------------
93,268
---------------
-
--------------
93,268
--------------
Transactions
with owners
- - - - -
Balance at
30 June 2017
8,664,229
-------------
(8,333,754)
---------------
310,475
-------------
-
------------
310,475
------------
Share
capital
Accumulated
Losses
Total
Minority
Interest
Total
Balance at
1 January 2016
8,664,229
--------------
(8,078,382)
------------------
565,847
--------------
-
--------------
565,847
-------------
Total loss:
Net loss for the
period
- (297,784) (297,784) - (297,784)
-------------- ------------------ --------------- --------------- --------------
Total loss for
the period
-
--------------
(297,784)
------------------
(297,784)
---------------
-
--------------
(297,784)
--------------
Transactions
with owners
-
--------------
-
-----------------
-
---------------
-
---------------
-
--------------
Balance at
30 June 2016
-
8,664,229
--------------
-
(8,376,166)
-----------------
-
268,063
-------------
-
-
---------------
-
268,063
--------------

Condensed Interim Consolidated Statement of Cash Flows for the period 1 January to 30 June 2017

01/01/2017-
30/06/2017
01/01/2016-
30/06/2016
Cash flow from
operating activities before changes in
working capital
Changes in working capital:
182,531 217,385
Financial assets at fair value through profit and loss
Other loans and receivables
Trade and other creditors
(187,466)
261,734
(38,010)
---------------
(279,914)
30,963
3,114
---------------
Cash from / (used in)
operating activities
Tax paid
Interest received
218,719
-
-
---------------
(20,452)
(3,301)
-
---------------
Net cash flow from / (for)
operating activities
218,789
---------------
(23,753)
---------------
Cash flow from investing activities
Dividends received
-
---------------
78,300
Net cash from investing activities -
---------------
---------------
78,300
---------------
Cash flow from financing activities
Interest paid
(20,172) (21,077)
Net cash for financing activities ---------------
(20,172)
---------------
---------------
(21,077)
---------------
Net increase
in cash and cash equivalents
198,617 33,470
Cash and cash equivalents at beginning of period (144,946)
-------------
(477,839)
-------------
Cash and cash equivalents at end of period 53,671
---------------
(444,369)
---------------
Cash and cash equivalents comprise:
Cash in hand and at bank
Bank Overdrafts
822,159
(768,488)
323,596
(767,965)
---------------
53,671
---------------
---------------
(444,369)
---------------

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