Quarterly Report • May 14, 2019
Quarterly Report
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| Quarter ended | ||
|---|---|---|
| 31 March | ||
| 2019 | 2018 | |
| € | € | |
| Income | ||
| Income from interest | 60.205 | 92.164 |
| Profit from sale, revaluation and exploitation of land and property | 257.383 | 284.732 |
| Profit/ (loss) from financial assets | 5.490.701 | (1.003.456) |
| 5.808.289 | (626.560) | |
| Operating expenses | (688.274) | (399.772) |
| Reversal of anticipated credit losses | 279.100 | - |
| Finance costs | (32.394) | (5.276) |
| Provision reversal for share in loss from affiliates | 27.125 | 34.454 |
| Profit / (loss) before taxation | 5.393.846 | (997.154) |
| Taxation | (12.246) | (33.410) |
| Net profit / (net loss) for the period | 5.381.600 | (1.030.564) |
| Other comprehensive expenses | ||
| Items not to be reclassified to the consolidated statement of profit or loss in | ||
| subsequent periods | ||
| Profit from revaluation of investments at fair value through other | ||
| comprehensive income | - | 5.441 |
| Total income / (expenses) for the period | 5.381.600 | (1.025.123) |
| Net profit / (net loss) attributable to: | ||
| Company shareholders | 5.381.600 | (1.030.564) |
| Profit / (loss) per share – cents | 2.69 | (0.52) |
| Total income / (expenses) attributable to: | ||
| Company shareholders | 5.381.600 | (1.025.123) |
| Comprehensive income / (expenses) per share – cents | 2.69 | (0.51) |
| 31 March 2019 |
31 December 2018 |
|
|---|---|---|
| € | € | |
| ASSETS | ||
| Non-current assets | ||
| Intangible fixed assets | 1.495.872 | 1.515.815 |
| Investment property | 31.729.560 | 31.715.017 |
| Receivables from affiliates | 11.096.180 | 11.047.673 |
| Deferred taxation | 1.025.973 | 1.025.973 |
| Total non-current assets | 45.347.585 | 45.304.478 |
| Current assets | ||
| Inventories | 7.536.324 | 7.526.324 |
| Other receivables | 144.245 | 179.172 |
| Financial assets at fair value through profit and loss | 76.275.330 | 31.399.803 |
| Bank deposits | 323.276 | 11.357.697 |
| Cash and cash equivalents | 2.546.402 | 30.989.211 |
| Current tax liabilities | 63.435 | 74.747 |
| Total current assets | 86.889.012 | 81.526.954 |
| Total assets | 132.236.597 | 126.831.432 |
| NET POSITION AND LIABILITIES | ||
| Equity | ||
| Share capital | 140.000.000 | 140.000.000 |
| Reserves | (10.849.919) | (16.231.519) |
| Total equity | 129.150.081 | 123.768.481 |
| Current liabilities | ||
| Provision for losses of affiliates | 2.387.826 | 2.414.951 |
| Trade and other creditors | 698.690 | 648.000 |
| Total current liabilities | 3.086.516 | 3.062.951 |
| Total equity and liabilities | 132.236.597 | 126.831.432 |
| Net asset value per share – cents | 64.58 | 61.88 |
| Quarter ended | |||
|---|---|---|---|
| 31 March | |||
| 2019 | 2018 | ||
| € | € | ||
| Cash flow from operating activities | |||
| Profit / (loss) before taxation | 5.393.846 | (997.154) | |
| Adjustments for: | |||
| Depreciation of intangible fixed assets | 21.252 | 22.770 | |
| (Profit) / Loss from disposal and revaluation of financial assets at fair value | |||
| through profit and loss | (5.490.701) | 1.003.456 | |
| Provision reversal provision for share in loss from affiliates | (27.125) | (34.454) | |
| Reversal of anticipated credit losses | (275.993) | - | |
| Net cash flow before changes in working capital | (378.721) | (5.382) | |
| Increase in inventories | (10.000) | - | |
| Decrease in other receivables | 34.927 | 74.824 | |
| Net purchases and sales of financial assets at fair value through profit and | |||
| loss | (39.384.826) | 2.867.500 | |
| Increase in receivables from affiliates | (48.507) | (56.022) | |
| Decrease / (increase) in bank deposits | 11.310.414 | (3.510.894) | |
| Increase / (decrease) in trade and other creditors | 50.690 | (66.398) | |
| Purchase of investment property | (14.543) | (125.807) | |
| Cash for operating activities | (28.440.566) | (822.179) | |
| Tax (paid) / received | (934) | 86.408 | |
| Net cash for operating activities | (28.441.500) | (735.771) | |
| Cash flow from investing activities | |||
| Purchase of intangible fixed assets | (1.309) | (2.737) | |
| Net cash for investing activities | (1.309) | (2.737) | |
| Net decrease in cash and cash equivalents | (28.442.809) | (738.508) | |
| Cash and cash equivalents at beginning of period | 30.989.211 | 1.222.815 | |
| Cash and cash equivalents at end of period | 2.546.402 | 484.307 |
| S ha ita l re ca p |
ha di f fer Ex c ng e en ce res erv e |
Inv tm ts es en res erv e |
lat d Ac cu mu e Lo sse s |
l To ta uit eq y |
|
|---|---|---|---|---|---|
| € | € | € | € | € | |
| lan Ba 1 J 20 18 at ce as an ua ry |
14 0.0 00 .00 0 |
31 9.4 37 |
( ) 8.5 31 |
( ) 21 .93 7.9 12 |
11 8.3 72 .99 4 |
| fro he lica f IF Im tio RS 9 ct t pa m ap p n o |
- | - | - | ( ) 57 1.5 05 |
( ) 57 1.5 05 |
| Ad jus d ba lan 1 J 20 18 te at ce as an ua ry |
14 0.0 00 .00 0 |
31 9.4 37 |
( ) 8.5 31 |
( ) 22 .50 9.4 17 |
11 7.8 01 .48 9 |
| fo he d Lo rio r t ss pe |
- | - | - | ( ) 1.0 30 .56 4 |
( ) 1.0 30 .56 4 |
| Ot he l in fo he rio d r to ta r t co me pe |
- | - | 5.4 41 |
- | 5.4 41 |
| Ba lan at ce as |
|||||
| h 2 31 M 01 8 arc |
14 0.0 00 .00 0 |
31 9.4 37 |
( ) 3.0 90 |
( ) 23 .53 9.9 81 |
11 6.7 76 .36 6 |
| lan Ba at ce as |
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| 1 J 20 19 an ua ry |
14 0.0 00 .00 0 |
31 9.4 37 |
- | ( ) 16 .55 0.9 56 |
12 3.7 68 .48 1 |
| fit fo he rio d Pro r t pe |
- | - | - | 5.3 81 .60 0 |
5.3 81 .60 0 |
| lan Ba at ce as |
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| h 2 31 M 01 9 arc |
14 0.0 00 .00 0 |
31 9.4 37 |
- | ( ) 11 .16 9.3 56 |
12 9.1 50 .08 1 |
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