Demetra Holdings Plc

Quarterly Report • Dec 1, 2021

INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME for the period 1 January 2021 to 30 September 2021

€

2020 €

Nine months ended 30 September 2021 Income Income from dividends 609,275 380,797 Income from interest 152,354 151,170 Income from rents 788,625 1,134,406 Other income 17,984 - Profit from financial assets 2,486,839 - 4,055,077 1,666,373 Operating expenses (953,992) (1,355,817) Loss from sale and revaluation of land and buildings (3,250) - Loss from financial assets - (1,990,270) (Provision) / Reversal of provision for expected credit losses (299) 10,469 Finance costs (245,070) (251,061) (Provision) / Reversal of provision for share in loss from affiliates 5,838 (59,927) Share in profit from affiliates 4,411,890 8,403,579 Profit before taxation 7,270,194 6,423,346 Taxation (18,930) (27,442)

Net profit for the period 7,251,264 6,395,904

Other comprehensive expenses
------------------------------	--	--

Amounts to be classified in the consolidated profit or loss account in future periods
Share in loss from affiliates	(693,120)	(576,527)
Amounts not to be classified in the consolidated profit or loss account in
future periods
Share in profit / (loss) from affiliates	101,058	(11,753)
Total income for the period	6,659,202	5,807,624
Net profit attributable to:
Shareholders of the Company	7,251,264	6,395,904
Profit per share - cents	3,63	3,20
Total income attributable to:
Shareholders of the Company	6,659,202	5,807,624
Total income per share - cents	3,33	2,90

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at 30 September 2021

	30 September	31 December
	2021	2020
	€	€
ASSETS
Non-current assets
Intangible fixed assets	1.452.951	1.500.019
Immovable property for investment	31.814.376	31.782.076
Investments to affiliates	213.998.195	209.833.173
Receivables from affiliates	11.546.815	11.394.475
Deferred taxation	394.890	394.890
Total non-current assets	259.207.227	254.904.633
Current assets
Inventories of immovable property	7.159.268	6.998.619
Other receivables	174.429	181.631
Financial assets at fair value through profit and loss	18.747.023	16.362.299
Bank deposits	8.000	8.000
Cash and cash equivalents	4.909.737	962.572
Current tax claims	25.286	26.739
Total current assets	31.023.743	24.539.860
Total assets	290.230.970	279.444.493
NET POSITION AND LIABILITIES
Equity
Share capital	140.000.000	140.000.000
Reserves	133.964.042	126.959.646
Total equity	273.964.042	266.959.646
Long-term liabilities
Long-term loans	8.468.516	7.316.612
Total long-term liabilities	8.468.516	7.316.612
Current liabilities
Bank overdrafts	2.524.786	-
Current instalments of long-term loans	1.837.493	1.841.226
Provision for losses of affiliates	2.491.527	2.497.365
Trade and other creditors	944.606	829.644
Total current liabilities	7.798.412	5.168.235
Total equity and liabilities	290.230.970	279.444.493
Net asset per share - cents	136.98	133.48

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS for the period 1 January 2021 to 30 September 2021

	Nine months ended 30
	September
	2021	2020
	€	€
Cash flow from operating activities
Profit before taxation	7.270.194	6.423.346
Adjustment for:
Depreciation of intangible fixed assets	48.447	70.151
Loss/(profit) from disposal and revaluation of financial assets at fair price
through profit and loss	(2.486.839)	1.990.270
Loss from sale of fixed assets	-	1.970
Provision / (reversal of provision) for share in loss from affiliates	(5.838)	59.927
Share in profit from affiliates	(4.411.890)	(8.403.579)
Reversal of expected credit losses	-	(10.363)
Interest of loans payable	195.785	243.617
Net cash flow before changes in working capital	609.859	375.339
Increase in inventories of immovable property	(160.649)	(31.514)
(Increase) / decrease in other receivables	7.202	(13.980)
Net purchases and sales of financial assets at fair value through profit and
loss	102.115	131
Increase in receivables from affiliates	(152.340)	(150.261)
Decrease in bank deposits	-	844.395
Increase in trade and other creditors	114.962	102.166
Purchase of immovable property for investment	(32.300)	(673.596)
Cash from operating activities	488.849	452.680
Tax paid	(17.477)	(19.616)
Net cash from operating activities	471.372	433.064
Cash flow from investing activities
Purchase of intangible fixed assets	(1.379)	(20.477)
Net cash flow for investing activities	(1.379)	(20.477)
Cash flow from financing activities
Proceeds from new loans	2.982.090	-
Repayment of loans	(2.029.704)	(1.532.942)
Net cash (for) / from financing activities	952.386	(1.532.942)
Net increase /(decrease) in cash and cash equivalents	1.422.379	(1.120.355)
Cash and cash equivalents at beginning of period	962.572	2.537.297
Cash and cash equivalents at end of period	2.384.951	1.416.942

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the period 1 January 2021 to 30 September 2021

	Share capital €	Exchange difference reserve €	Negative goodwill reserve	(Accumulated Loss)/ Accumulated Profit	Total equity €
			€	€
Balance as at 1 January 2020	140.000.000	319.437	119.850.066	(2.501.446)	257.668.057
Net profit for the period after taxation	-	-	-	6.395.904	6.395.904
Other total cost for the period	-	-	-	(588.280)	(588.280)
Other transactions with shareholders	-	-	-	(2.521)	(2.521)
Balance as at 30 September 2020	140.000.000	319.437	119.850.066	3.303.657	263.473.160
Balance as at 1 January 2021	140.000.000	319.437	119.850.066	6.790.143	266.959.646
Net profit for the period after taxation	-	-	-	7.251.264	7.251.264
Other total cost for the period	-	-	-	(592.062)	(592.062)
Other transactions with shareholders	-	-	-	345.194	345.194
Balance as at 30 September 2021	140.000.000	319.437	119.850.066	13.794.539	273.964.042