CLR Investment Fund Public LTD

Interim / Quarterly Report • Jul 28, 2015

Condensed Interim Consolidated Income Statement for the period 1 January to 30 June 2015

		01/01/2015- 30/06/2015 2015	01/01/2014- 30/06/2014 2014
	Note	€	€
Income Credit Interest		-	-
Other income		-	-
		---------------	---------------
		-	-
Expenses
Loss from financial assets at fair value
through profit and loss	3	(118,354)	(275,595)
Reduction in value of loans and receivables		(2)	(16)
Administrative expenses		(54,543) ---------------	(71,214) ---------------
Loss from operating activities		(172,899)	(346,825)
Finance cost		(22,105)	(23,690)
Profit from the sale of subsidiary company	4	-	83,174
Loss before taxation		--------------- (195,004)	--------------- (287,341)
Taxation		(77,727)	-
		---------------	---------------
Net loss for the period		(272,731) ---------------	(287,341) -------------
Other total income
Other total income for the period after taxation		-	-
Total loss for the period		--------------- (272,731)	------------- (287,341)
		---------------	-------------
Net loss for the period corresponding to: Company's shareholders		(272,731)	(283,491)
Minority interest		-	(3,850)
		---------------	------------
		(272,731) ---------------	(287,341) ------------
Loss for the period per share attributable to the
Company's shareholders:	2
- basic and adjusted (€ cent)		(0.09)	(0.10)
		---------------	-----------

CLR INVESTMENT FUND PUBLIC LIMITED

Condensed Interim Consolidated Statement of Financial Position as at 30 June 2015

		30 June 2015 €	31 December 2014 €
Assets	Note
Investment in associated companies	5	1	1
Financial assets at fair value through profit and loss Other loans and receivables Tax refundable Cash and cash equivalents	6 7	3,868,421 4,639,358 128,109 393,498	3,998,580 4,639,359 128,109 436,206
Total assets		--------------- 9,029,387 ---------------	--------------- 9,202,255 ---------------
Equity and Liabilities Capital and reserves Share capital Accumulated loss	8	8,644,229 (6,928,399) ---------------	8,644,229 (6,655,668)
Total equity		1,715,830 ---------------	--------------- 1,988,561 ---------------
Liabilities Borrowing Trading and other creditors Current tax liabilities	9 10	794,805 58,403 6,460,349 ---------------	772,590 58,482 6,382,622 ---------------
Total liabilities		7,313,557 ---------------	7,213,694 ---------------
Total Equity and Liabilities		9,029,387 ---------------	9,202,255 ---------------

CLR INVESTMENT FUND PUBLIC LIMITED

Condensed Interim Consolidated Statement of Changes in Equity for the period 1 January to 30 June 2015

	Share capital €	Accumulated Loss €	Total €	Minority Interest €	Total €
Balance at 1 January 2015	8,664,229	(6,655,668)	1,988,561	-	1,988,561
Total loss for the period: Loss for the period	-------------- - --------------	------------------ (272,731) ------------------	-------------- (272,731) ---------------	-------------- - ---------------	------------- (272,731) --------------
Total loss for the period	- --------------	(272,731) ------------------	(272,731) ---------------	- --------------	(272,731) --------------
Transactions with owners	- --------------	- -----------------	- ---------------	- ---------------	- --------------
Balance at 30 June 2015	8,664,229 --------------	(6,928,399) -----------------	1,715,830 -------------	- ---------------	1,715,830 --------------
	Share capital €	Accumulated Loss €	Total €	Minority Interest €	Total €
Balance at 1 January 2014	8,664,229	(5,778,202)	2,866,027	225,569	3,091,596
Total loss for the period: Loss for the period	-------------- - --------------	------------------ (283,491) ------------------	-------------- (283,491) ---------------	-------------- (3,850) ---------------	------------- (287,341) --------------
Total loss for the period	- --------------	(283,491) ------------------	(283,491) ---------------	(3,850) --------------	(287,341) --------------
Transactions with owners Impact from sale of holding in subsidiary
company	- --------------	- -----------------	- ---------------	(221,719) ---------------	(221,719) --------------
Balance at	-	-	-	(221,719)	(221,719)
30 June 2014	8,664,229 --------------	(6,061,693) -----------------	2,582,536 -------------	- ---------------	2,582,536 --------------

Condensed Interim Consolidated Statement of Cash Flows for the period 1 January to 30 June 2015

	01/01/2015- 30/06/2015 2015 €	01/01/2014- 30/06/2014 2014 €
Cash flow from operating activities before changes in working capital Changes in working capital:	(172,899)	(346,825)
Financial assets at fair value through profit and loss Other loans and receivables Trading and other creditors	130,159 1 (79)	310,734 264 (4,231)
	---------------	---------------
Cash used for operating activities Tax paid Tax collected	(42,818) - -	(40,058) - -
Net cash flow for operating activities	--------------- (42,818) ---------------	--------------- (40,058) ---------------
Cash flow from investing activities Net proceeds from the sale of subsidiary company Cash used from the sale of subsidiary company	- -	443,652 (89,769)
Net cash from investing activities	--------------- - ---------------	--------------- 353,883 ---------------
Cash flow from financing activities Interest paid	(22,105)	(23,690)
Net cash for financing activities	--------------- (22,105) ---------------	--------------- (23,690) ---------------
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of period	(64,923) (336,384) ------------	290,135 (562,852) ------------
Cash and cash equivalents at end of period	(401.307) ---------------	(272,717) -----------
Cash and cash equivalents comprise:
Cash in hand and at bank Bank Overdrafts	393,498 (794,805)	475,766 (748,483)
	--------------- (401,307)	--------------- (272,717)
	---------------	---------------