G.D. Amplus Public Company Ltd

Quarterly Report • Sep 29, 2020

REPORT AND INTERIM UNAUDITED FINANCIAL STATEMENTS Period from 1 January 2020 to 30 June 2020

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REPORT AND INTERIM UNAUDITED FINANCIAL STATEMENTS Period from 1 January 2020 to 30 June 2020

CONTENTS

PAGE

Board of Directors and other officers
Management Report	2
Unaudited statement of profit or loss and other comprehensive income	3
Unaudited statement of financial position	4
Unaudited statement of changes in equity	5
Unaudited cash flow statement	6
Notes to the unaudited financial statements	7 - 9

BOARD OF DIRECTORS AND OTHER OFFICERS

Board of Directors:	Georgios Damanakis Ioannis Aravantinos (appointed on 17 February 2020) Andreas Bekios (appointed on 17 February 2020) Fine Life Services Ltd (resigned on 17 February 2020) Smell of Rain Ltd (resigned on 17 February 2020)
Company Secretary:	A.I.L Nominee Services Ltd (appointed on 17 February 2020) Fine Life Services Ltd (resigned on 17 February 2020)
Independent Auditors:	Costas Miaqulis FCCA Certified Public Accountant and Registered Auditor Xenagora 10 2052 Strovolos Nicosia
Legal Advisers:	Angelides, Ioannides, Leonidou LLC
Registered office:	Agion Omologiton 15 1080 Nicosia Cyprus
Bankers:	Hellenic Bank Public Company-Ltd
Registration number:	HE364416

MANAGEMENT REPORT

The Board of Directors presents its report and unaudited financial statements of the Company for the period from 1 January 2020 to 30 June 2020.

Incorporation

The Company G.D. AMPLUS PUBLIC COMPANY LTD was incorporated in Cyprus on 29 December 2016 as a private limited liability company under the provisions of the Cyprus Companies Law, Cap. 113.

On 17 February 2017 the Company submitted an application to the Cyprus Stock Exchange (CSE) for the listing of its securities in the merging Companies Market (E.C.M.).

On 19 January 2018 the Council of the Cyprus Stock Exchange accepted the application of the Company for listing in the Emerging Companies Market of the CSE 26,000 securities of nominal value €1 each, with a listing price of €1 each. The trading of the above securities commenced on Friday, 19 January 2018. The Cyprus Stock Exchange has undertaken to keep the registerof the above company in the CSE Central Depository/Registry.

Principal activities and nature of operations of the Company

The Company will be involved in trading and investing activities in the information technology industry, having as a target the performance of technical infrastructure projects and the computerization of businesses and organizations.

Despite the above, the Company remained dormant during the period from 1 January 2020 to 30 June 2020.

By order of the Board of Director SE C A.I.L Nominee Services Et Secretary $\star$ Limassol, 23 September 2020

UNAUDITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Period from 1 January 2020 to 30 June 2020

	Note	01/01/2020- 30/06/2020 €	01/01/2019- 30/06/2019 €
Administration expenses		(939)	(3,661)
Loss before tax		(939)	(3,661)
Tax	5
Net loss for the period/year		(939)	(3,661)
Other comprehensive income
Total comprehensive income for the period/year		(939)	(3,661)
Loss per share attributable to equity holders of the parent (cent)	6	(3.61)	(14.08)

UNAUDITED STATEMENT OF FINANCIAL POSITION 30 June 2020

ASSETS	Note	30 June 2020 €	31 December 2019 €
Current assets
Cash at bank and in hand	7	3,307	7,907
		3,307	7,907
Total assets		3,307	7,907
EQUITY AND LIABILITIES
Equity
Share capital	8	26,000	26,000
Accumulated losses		(27, 312)	(26, 373)
Total equity		(1,312)	(373)
Current liabilities
Trade and other payables	9	4,619	8,280
		4,619	8,280
Total equity and liabilities		3,307	7,907

On 23 September 2020 the Board of Directors of G.D. AMPLUS PUBLIC COMPANY LTD authorised these financial statements for issue.

PUBLIC . . . . . . . . . . Lating Aravantinos . . . . . . . . . . . . . . . . . . . . Georgios Damanakis FE ellector $\ddot{\bullet}$ Ο × $\mathbf{q}$

,
.... Andreas Bekios Director

UNAUDITED STATEMENT OF CHANGES IN EQUITY
Period from 1 January 2020 to 30 June 2020

	Attributable to equity holders of the Company
	Share capital €	Accumulated losses €	Total €	Total €
Balance at 1 January 2019	26,000	(9, 376)	16,624	16,624
Comprehensive income Net loss for the year		(3.661)	(3,661)	(3,661)
Balance at 30 June 2019	26,000	(13,037)	12,963	12,963
Balance at 1 January 2020	26,000	(26, 373)	(373)	(373)
Comprehensive income Net loss for the period		(939)	(939)	(939)
Balance at 30 June 2020	26,000	(27, 312)	(1, 312)	(1, 312)

UNAUDITED CASH FLOW STATEMENT Period from 1 January 2020 to 30 June 2020

CASH FLOWS FROM OPERATING ACTIVITIES	Note	01/01/2020- 30/06/2020 €	01/01/2019- 30/06/2019 €
Loss before tax		(939)	(3,661)
Changes in working capital:		(939)	(3,661)
Decrease in trade and other payables		(3,661)	(1, 462)
Cash used in operations		(4,600)	(5, 123)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of the period/year		(4,600) 7.907	(5, 123) 18,973
Cash and cash equivalents at end of the period/year	7	3,307	7,907

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS Period from 1 January 2020 to 30 June 2020

1. Incorporation and principal activities

Country of incorporation

The Company G.D. AMPLUS PUBLIC COMPANY LTD (the "Company") was incorporated in Cyprus on 29 December 2016 as a private limited liability company under the provisions of the Cyprus Companies Law, Cap. 113. Its registered office is at Agion Omologiton 15, 1080 Nicosia, Cyprus.

On 17 February 2017 the Company submitted an application to the Cyprus Stock Exchange (CSE) for the listing of its securities in the merging Companies Market (E.C.M.).

On 19 January 2018 the Council of the Cyprus Stock Exchange accepted the application of the Company for listing in the Emerging Companies Market of the CSE 26,000 securities of nominal value €1 each, with a listing price of €1 each. The trading of the above securities commenced on Friday, 19 January 2018. The Cyprus Stock Exchange has undertaken to keep the registerof the above company in the CSE Central Depository/Registry.

2. Unaudited financial statements

The financial statements for the six months ended on 30 June 2019 and 2020 respectively, have not been audited by the external auditors of the Company.

3. Significant accounting policies

The financial statements, which are presented in Euro, have been prepared in accordance with international Financial Reporting Standards, including IAS 34 "Interim Financial Reporting"

The accounting policies used in the preparation of the financial statements are in accordance with those used in the annual financial statements for the year ended 31 December 2019.

Costs that are incurred during the financial year are anticipated or deferred for interim reporting purposes if, and only if, it is also appropriate to anticipate or defer that type of cost at the end of the financial year.

Corporation tax is calculated based on the expected tax rates for the whole financial year.

These financial statements must be read in conjunction with the annual financial statements for the year ended 31 December 2019.

4. Expenses by nature

	$01/01/2020$ - 30/06/2020	01/01/2019- 30/06/2019 €
Auditors' remuneration - current period Auditors' remuneration - prior years Other expenses	STAR (595) 1,534	595 3,066
Total expenses	939	3.661

5. Tax

The corporation tax rate is 12,5%.

Under certain conditions interest income may be subject to defence contribution at the rate of 30%. In such cases this interest will be exempt from corporation tax. In certain cases, dividends received from abroad may be subject to defence contribution at the rate of 17%.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS Period from 1 January 2020 to 30 June 2020

5. Tax (continued)

Gains on disposal of qualifying titles (including shares, bonds, debentures, rights thereon etc) are exempt from Cyprus income tax.

Due to tax losses sustained in the period, no tax liability arises on the Company. Under current legislation, tax losses may be carried forward and be set off against taxable income of the five succeeding years.

1. Loss per share attributable to equity holders of the parent

	01/01/2020- 30/06/2020	01/01/2019- 30/06/2019
Loss attributable to shareholders $(\epsilon)$	(939)	(3.661)
Weighted average number of ordinary shares in issue during the period	26,000	26,000
Loss per share attributable to equity holders of the parent (cent)	(3.61)	(14.08)

7. Cash at bank and in hand

Cash balances are analysed as follows:

	31 December
30 June 2020	2019
	E
3,307	7,907
3,307	7.907

8. Share capital

	2020 Number of	2020	2019 Number of	2019
Authorised	shares	€	shares	€
Ordinary shares of €1 each	26,000	26,000	26,000	26,000
Issued and fully paid		€		€
Balance at 1 January	26,000	26,000	26,000	26,000
Balance at 30 June	26,000	26,000	26,000	26,000

Upon incorporation on 29 December 2016 the Company issued to the subscribers of its Memorandum of Association 26,000 ordinary shares of €1 each at par.

9. Trade and other payables

	31 December
30 June 2020	2019
	€
$\overline{\phantom{a}}$	1,190
4,619	7.090
4,619	8,280

The fair values of trade and other payables due within one year approximate to their carrying amounts as presented above.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS Period from 1 January 2020 to 30 June 2020

10. Participation of Directors in the company's share capital

The percentage of share capital of the Company held directly or indirectly by each member of the Board of Directors (in accordance with Article (4) (b) of the Directive DI 190-2007-04), as at 30 June 2020 and 18 September 2020 (5 days before the date of approval of the financial statements by the Board of Directors) were as follows:

		31 December
	30 June 2020	2019
	$\mathbf{v}_{\alpha}$	$\frac{0}{0}$
Georgios Damanakis	90	90

11. Shareholders holding more than 5% of share capital

The persons holding more than 5% of the share capital as at 30 June 2020 and 18 September 2020 (5 days before the date of approval of the financial statements by the Board of Directors) were as follows:

		31 December
	30 June 2020	2019
	$\frac{q}{q}$	$\frac{9}{6}$
Georgios Damanakis	90	90

12. Significant agreements with management

At the end of the year, no significant agreements existed between the Company and its management.

13. Contingent liabilities

The Company had no contingent liabilities as at 30 June 2020.

14. Commitments

The Company had no capital or other commitments as at 30 June 2020.

15. Events after the reporting period

There were no material events after the reporting period, which have a bearing on the understanding of the financial statements.

OTHER OPERATING EXPENSES Period from 1 January 2020 to 30 June 2020

	01/01/2020-	01/01/2019-
	30/06/2020	30/06/2019
	€	€
Administration expenses
Annual levy	-	350
Auditors' remuneration - current period		595
Auditors' remuneration - prior years	(595)
Other professional fees	(595)	131
Cyprus Stock Exchange expenses	2,129	2,554
Website and internet expenses		31
	939	3,661