Investment Friends Capital SE — Interim / Quarterly Report 2021

Apr 29, 2021

INVESTMENT FRIENDS CAPITAL SE

REPORT OF INVESTMENT FRIENDS CAPITAL SE FOR 9 MONTHS ENDED 31 MARCH 2021

COMPLIES WITH

INTERNATIONAL FINANCIAL REPORTING STANDARDS

Tallinn, 29/04/2021

INVESTMENT FRIENDS CAPITAL SE

Financial year start: 1 July 2020

Financial year end: 30 June 2021

Registration code: 14618005

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

E-mail: biuro@ifcapital.pl

Website: www.ifcapital.pl

Principal business activity: As of 31/03/2021, the subject of activity registered in Estonia is"activities of financial holding companies",

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

Management Board: Damian Patrowicz

SELECTED FINANCIAL DATA

	in thous. EURO
	Nine months ended	Nine months ended
	31 March	30 September
	2021	2019
Revenue from interest, from the sale of products, goods and materials	116	158
Profit (loss) from operations	108	138
Profit (loss) before tax	108	154
Net cash flows from operating activities	-12	3
Net cash flow from investing activities	0	0
Net cash flows from financing activities	0	0
	-12	3
Change in cash and cash equivalents	4 677	4 620
Total assets*	3	6
Short-term liabilities*	10 511	2 102
Share capital*
Number of shares (in pcs.)	15 015 972	15 015 972
Book value per share (EURO)	0,31	0,31

* For balance sheet items marked with an asterisk,the data presented in the second column include the balance as at June 30, 2020

1.1 Statement of financial position

STATEMENT OF FINANCIAL POSITION	31/03/2021 (in thous. EUR) unaudited	30/06/2020 (in thous. EUR) audited
A s s e t s
Fixed assets	4 294	1 300
Long-term financial assets	4 294	1 300
Current assets	383	3 320
Short-term financial assets	376	3 299
Cash and cash equivalents	7	20
Short-term accruals	0	1
T o t a l a s s e t s	4 677	4 620
L i a bi l i t i e s
Equity	4 674	4 614
Share capital	10 511	2 102
Differences from conversion to EURO	-366	-318
Supplementary capital - from the sale of shares above theirnominal value and reduction of the share capital	409	8 818
Revaluation capital	0	0
Capital from merger of entities	0	0
Other reserve capitals	56	56
Retained earnings / Unsettled financial result	-5 936	-6 044
Short-term liabilities	3	6
Trade liabilities	3	2
Other provision	0	4
T o t a l l i a b i l i t i e s	4 677	4 620
Book value	4 674	4 614

Book	4	4
value	674	614
Number	15	15
of	015	015
shares	972	972
Book value per share (in EUR)	0,31	0,31

PROFIT AND LOSS STATEMENT 01/07/2020 - 31/03/2021 (in thous. EUR) audited 01/01/2019 - 30/09/2019 (in thous. EUR) unaudited Interest income, from the sale of products, goods and materials 116 158 Costs of products, goods and materials sold 0 2 Gross profit (loss) on sales 116 156 General and administrative expenses 8 16 Other operating expenses 0 2 Profit (loss) from operating activity 108 138 Financial revenue 0 149 Financial costs 0 133 Profit before tax 108 154 Net profit (loss) 108 151 Net profit (loss) (within 12 months) 108 154 Number of ordinary shares 15 015 972 15 015 972 Profit (loss) per ordinary share (in EUR) 0,01 0,01

1.2 Profit and Loss	Statement and Statement of	Comprehensive	Income

STATEMENT OF COMPREHENSIVE INCOME	01/07/2020 - 31/03/2021 (in thous. EUR) audited	01/01/2019 - 30/09/2019 (in thous. EUR) unaudited
Net profit / loss for the period	108	154
Other comprehensive income, including:	-48	-208
Elements that can be transferred at a later time	-48	-208
- differences from conversion to EURO	-48	-208
Total income for the period	60	-54

1.3 Statement of changes in equity

STATEMENT OF CHANGES IN EQUITY	01/07/2020 - 31/03/2021 (in thous. EUR) audited	01/01/2019 - 30/09/2019 (in thous. EUR) unaudited
Equity at the beginning of the period	4 614	4 894
Equity at the beginning of the period, after reconciliation with comparable data	4 614	4 894
Share capitalat the beginning of the period	2 102	2 102
Changes of share capital	8 409	0
Increase (due to)	8 409	0
a) bonus issue	8 409	0
Share capitalat the end of the period	10 511	2 102
Unpaid share capitalat the beginning of the period	0	0
Unpaid share capitalat the end of the period	0	0
Own shares (stocks) at the beginning of the period	0	0
Own shares (stocks) at the end of the period	0	0
Supplementary capital at the beginning of the period	8 818	8 818
Changes of supplementary capital	- 8 409	0
Decrease (due to)	8 409	0
a) increase of share capital	8 409	0
Supplementary capital at the end of the period	409	8 818
Revaluation capital at the beginning of the period	0	-1 371
Revaluation capital at the end of the period	0	-1 371
Capital from merger of entities atthe beginning of the period	0	-3
Capital from merger of entities atthe end of the period	0	-3
Other provisions capital at the beginning of the period	56	56
Other provisions capital at the end of the period	56	56
Retained earnings / Unsettled losses from previous years at the beginning of the period	-6 044	-4 540
Changes of other reserves	108	154
Increase (due to)	108	154
a) profit/loss for the period	108	154
Retained earnings / Unsettled losses from previous years atthe end of the period	-5 936	-4 386
Exchange differences atthe beginning of the period	-318	-56
Changes ofexchange rate differences	-48	-208
Decreases	48	208
Exchange differences atthe end of the period	-366	-264
Equity at the end of the period	4 674	4 952

1.4 Cash-flow statement

CASH FLOW STATEMENT	01/07/2020 - 31/03/2021 (in thous. EUR) audited	01/01/2019 - 30/09/2019 (in thous. EUR) unaudited
OPERATING ACTIVITY
I. Profit before tax	108	154
II. Total adjustments	-120	-151
(Gains) losses due to exchange differences	0	-81
Interest and share in profits (dividends)	93	0
Loans granted	-4 806	-1 291
Received repayments	4 595	1 255
(Profit) loss on investing activities	0	-29
Change in reserves	-4	0
Change in inventories	0	342
Change in receivables and active accruals	1	-400
Change in liabilities	1	3
Change in the status ofpassive accruals	0	5
Other adjustments	0	16
I. Net cash flows from operating activities	-12	3
INVESTING ACTIVITY
I. Inflows from investing activity	0	0
II. Outflow from investing activity	0	0
II. Net cash flows from investing activities	0	0
FINANCING ACTIVITY
I. Inflows from financing activity	0	0
II. Outflow from financing activity	0	0
III. Net cash flows from financing activities	0	0
Exchange differences	0	0
Total net cash flows	-12	3
Balance sheet change in cash	-12	3
Cash at the beginning of the period	19	26
Cash at the end of the period	7	29

Tallinn, 29/04/2021

Signatures ofall members of the Management Board

Damian Patrowicz Member ofManagement Board

first name and last name position/function