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Investment Friends Capital SE Interim / Quarterly Report 2019

Dec 30, 2019

5658_rns_2019-12-30_651cdf21-7e7a-4cde-87bb-a385728b6c64.pdf

Interim / Quarterly Report

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INVESTMENT FRIENDS CAPITAL SE

REPORT OF INVESTMENT FRIENDS CAPITAL SE 9 MONTHS ENDED ON SEPTEMBER 30, 2019

IN ACCORDANCE WITH INTERNATIONAL FINANCIAL

REPORTING STANDARDS

Tallinn, 30/12/2019

INVESTMENT FRIENDS CAPITAL SE

Start of the financial year: 1 January 2019

End of the financial year: 30 June 2020

Register code: 14618005

Address: Harju maakond, Tallinn, Kesklinna linnaosa, Tornimäe tn 5, 10145

E-mail: [email protected]

Website: www.ifcapital.pl

Main activities: As of 30/09/2019 the activity is registered in Estonia under the name "holding company activities",

Supervisory Board: Małgorzata Patrowicz, Jacek Koralewski, Martyna Patrowicz, Wojciech Hetkowski

Management Board: Damian Patrowicz

1.1 Statement of financial position

STATEMENT
OF
FINANCIAL
POSITION
(in
thous.
EUR)		 The
period
ended		 The
period
ended
30.09.2019 31.12.2018
Assets
Fixedassets 411 760
Investment
property		 0 342
Tangiblefixedassets 0 0
Long-term
financial
assets		 411 418
Long-term
receivables		 0 0
Long-term
accruals
and
prepayments		 1 0
Current
Assets		 4552 4142
Inventories 0 0
Short-term
receivables		 346 1
Short-term
financial
assets		 4178 4115
Cash
and
cash
equivalents		 29 26
Short-term
accruals
and
prepayments		 0 0
Total
Assets		 4963 4902
Equity
and
Liabilities
Equity 4952 4894
Share
capital		 2102 2102
Supplementary
capital
from
the
sale
of
shares
above
the
nominalvalue
and
from
the
reduction
of
the
share
capital		 8818 8818
Revaluation
reserve		 -1371 -1371
Capital
from
merger
of
entities		 -3 -3
Other
provisions		 56 56
Exchange
differences		 -264 -168
Retained
earnings/Unallocated
financial
result		 -4386 -4540
Long-term
liabilities		 0 0
Deferred
income
tax
provision
Short-term
liabilities		 11 8
Financial
liabilities
due
to
issuance
of
securities
Trade
liabilities		 4 5
Other
liabilities		 7 3
Other
provisions
Total
liabilities		 11 8
Total
equity
and
liabilities		 4963 4902

REPORT OF INVESTMENT FRIENDS CAPITAL SE 9 months ended on September 30,2019

INCOME
STATEMENT
(in
thous.
EUR)		 The
period
ended		 The
period
ended
30.09.2019 31.12.2018
I.
Revenue
from
sales
of
products,
goods
and
materials 158 203
II.
Cost
of
products,
goods
and
materials
sold		 -2 -8
III.
Gross
profit
on
sales		 156 195
IV.
Selling
costs		 0 0
V.
General
and
administrative
expenses -16 -97
VI.
Other
operating
revenues		 0 19
VII.
Other
operating
costs		 -2 -3
VIII.
Profit
on
operating
activities		 138 114
IX.
Financial
revenues		 149 11
X.
Financial
costs		 -133 -3
XI.
Pre-tax
profit
XII.
Income
tax
XIII.
Net
Profit		 154 122
Net
profit
(loss)
(in
9
months)		 154 122

1.2 Income statement and statement of comprehensive income

1.3 Statement of changes in equity

STATEMENT
OF
CHANGES
IN
EQUITY
(in
thous.
EUR)		 The
period
ended		 The
period
ended
30.09.2019 31.12.2018
Opening
balance
of
equity		 4894 5711
change
of
currency		 0 0
Opening
balance
of
equity
after
reconciliation
to
comparable
data
4894 5711
Opening
balance
of
share
capital		 2102 2157
Changes
in
the
share
capital		 0 -55
increase
(due
to)		 0 1
-issuance
of
shares		 0 1
decrease
(due
to)		 0 -56
-reduction
of
the
capital		 0 -56
-exchange
differences		 0 0

REPORT OF INVESTMENT FRIENDS CAPITAL SE 9 months ended on September 30,2019

Closing
balance
of
share
capital		 2102 2102
Opening
balance
of
own
shares		 0 0
Closing
balance
of
own
shares		 0 0
Opening
balance
of
supplementary
capital		 8818 8818
Changes
in
supplementary
capital		 0 0
a)
increase
(due
to)		 0 0
reduction
of
the
nominal
value
of
shares		 0 0
Closing
balance
of
supplementary
capital		 8818 8818
Opening
balance
of
revaluation
capital		 -1371 -602
Changes
in
revaluation
capital		 0 -769
b)
decrease
(due
to)		 0 -769
-
valuation
of
financial
assets		 0 -769
Closing
balance
of
capital
from
revaluation		 -1371 -1371
Opening
balance
of
capital
from
merger
of
entities		 -3 0
Changes
in
other
reserve
capitals		 0 -3
b)
decrease
(due
to)		 0 -3
-
reduction
due
to
merger		 0 -3
Closing
balance
of
capital
from
merger
of
entities		 -3 -3
Opening
balance
of
other
reserve
capital		 56 0
Changes
in
reserve
capitals		 0 56
a)
increase
(due
to)		 0 56
-
increase
due
to
reduction
of
share
capital		 0 56
Closing
balance
of
other
reserve
capital		 56 56
Opening
balance
of
retained
profit/not
settled
loss
of
previous
years		 -4540 -4662
b)
decrease
(due
to)		 154 122
profit
for
the
period		 154 122
Closing
balance
of
retained
profit/not
settled
loss
of
previous
years		 -4386 -4540
Exchange
differences
from
converting
gained
income/loss
into
EUR		 -116 134
Exchange
differences
from
reserve
capital		 -1 17
Exchange
differences
from
supplementary
capital		 -147 -258
Exchange
differences
from
converting
share
capital
into
EUR
0 -61
Closing
balance
of
equity		 4952 4894
Equity
afterconsidering
the
proposed
distribution
of
profit
(loss
coverage)		 4952 4894

1.4 Statement of cash flows

CASH
FLOWS
STATEMENT
(in
thous.
EUR)		 The
period
ended		 The
period
ended
30.09.2019 31.12.2018
Operating
activities
Gross
profit
(loss)		 154 122
Adjustments
total		 -131 -108
Amortization 0 0
(Profits)
losses
from
exchange
differences		 -81 -3
Interests
and
dividends		 0 -176
(Profit)
loss
due
to
investment
activities		 0 0
Change
in
the
balance
of
other
provisions		 0 0
Change
in
the
balance
of
other
inventories		 342 0
Change
in
the
balance
of
receivables		 -400 2
Change
in
the
balance
of
liabilities		 3 -13
Change
in
the
balance
of
accruals		 5 4
Other
adjustments		 0 77
Exchange
differences		 0 1
Gross
cash
flows
from
operating
activity		 23 14
Investment
activity
Inflows
from
investment
activities		 1255 4854
Disposal
of
financial
assets		 0 0
Received
repayments
of
the
loans		 1223 4670
Received
interest		 32 184
Expenses
due
to
investment
activity		 1291 5187
Acquisition
of
elements
of
intangible
fixed
assets
and
tangible
fixed
assets		 0 0
Loans
granted		 1291 5187
Expenses
for
acquisition
of
financial
assets		 0 0
Investments
in
properties
and
intangible
assets		 0 0
Expenses
on
acquisition
of
tangible
fixed
assets		 0 0

REPORT OF INVESTMENT FRIENDS CAPITAL SE 9 months ended on September 30,2019

Net
cash
flows
from
investment
activity		 -36 -333
Financial
activity
Inflows 0 0
Expenses
due
to
financialactivity		 0 0
Net
cash
flows
from
financial
activity
Exchange
differences		 16 -6
Net
cash
flows,
total		 3 -325
Balance
sheet
change
in
cash		 3 -325
Opening
balance
of
cash		 26 351
Closing
balance
of
cash		 29 26

PERSON RESPONSIBLE FOR ACCOUNTING:

Olesja Ivanson,

Accountant

Larssen CSOU

13 Narva road,

Tallinn 10151, Estonia

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