Interfund Investments PLC

Annual / Quarterly Financial Statement • Apr 30, 2024

STATEMENT OF TOTAL INCOME for the year ended 31 December 2023

	2023	2022
	€	€
Income	653.579	1.718.575
Other operating income	-	15.804
Administrative expenses	(298.352)	(291.685)
Profit from operations	355.227	1.442.694
Finance income	250.451	-
Finance costs	(30.568)	(42.289)
Profit before taxation	575.110	1.400.405
Taxation	-	(684)
Net profit for the year	575.110	1.399.721
Other total income	-	-
	575.110	1.399.721
Total profit for the year
Profit per share attributed to the shareholders of the parent company
(cents)	0.40	1.24

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023

ASSETS Current assets Amounts receivables 4.916.699 Financial assets at fair value through profit and loss 18.822.998 Cash and cash equivalents 23.758.559 Total assets 23.758.559 EQUITY AND LIABILITIES Equity	€	€
		2.678
		18.117.240
	18.862	31.357
		18.151.275
		18.151.275
Share capital 18.699.502		14.663.168
Share premium reserve 5.114.497		4.183.040
Accumulated losses (313.885)		(888.995)
Total equity 23.500.114		17.967.233
Current liabilities
Trade and other creditors 228.962		164.559
Current tax liabilities	29.483	29.483
258.445		194.042
Total equities and liabilities 23.758.559		18.151.275

STATEMENT OF CHANGES IN NET POSITION Year ended 31 December 2023

	Share capital	Share Premium	Accumulated losses	Total
		Reserve
	€	€	€	€
Balance as at 1 January
2022	14.663.188	4.183.040	(2.288.716)	16.557.512
Total income
Net profit for the year	-	-	1.399.721	1.399.721
Total profit for the year	-	-	1.399.721	1.399.721
Balance as at 31
December 2022 / 1	14.663.188	4.183.040	(888.995)	17.957.233
January 2023
Total income
Net profit for the year	-	-	575.110	575.110
Total income for the year	-	-	575.110	575.110
Transactions with shareholders
Issue of shares	4.036.314	931.457	-	4.967.771
Total transactions with shareholders	4.036.314	931.457	-	4.967.771
Balance as at 31
December 2023	18.699.502	5.114.497	(313.885)	23.500.114

Companies which do not distribute 70% of their profits after tax, as defined by the Special Contribution for Defence Law of the Republic, within two years after the end of the relevant tax year, will be deemed to have distributed this amount as dividends on the 31st of December of the second year. The amount of the deemed dividend distribution is reduced by any actual dividend already distributed by the 31st of December of the second year for the year to which profits relate. Special contribution for defence at 17% is payable on such deemed dividends by the Company (effective as of 2014) to the extent that the shareholders concerned are natural persons, tax residents in Cyprus and domiciled in Cyprus. In addition, a contribution to the General Health System at 2.65% is paid by the Company for the account of the shareholders, where the shareholders concerned are natural persons, tax residents in Cyprus, irrespective of their domicile.

STATEMENT OF CASH FLOWS Year ended 31 December 2023

	2023	2022
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	575.110	1.400.405
Adjustments for:
Loss from sale of financial assets at fair value through profit and loss	-	107.235
Loss from sale of financial liabilities at fair value through profit and loss	432.273	-
Profit of fair values in financial assets at fair value through profit and loss	(126.705)	(1.821.789)
Credit dividends	(94.601)	(4.021)
Credit interest	(250.451)	-
Debit interest	3	2.768
	535.629	(315.402)
Changes in working capital
Increase in receivables	(4.914.028)	(2.678)
Increase in financial assets at fair value through profit and loss	(1.011.319)	(5.531.114)
Increase/(Decrease) in trade and other creditors	64.403	(7.340)
Cash for operations	(5.325.315)	(5.856.534)
Dividends received	94.601	4.021
Net cash for operations	(5.230.714)	(5.852.513)
CASH FLOW FROM INVESTING ACTIVITIES
Interest received	250.451	-
Net cash from investing activities	250.451	-
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of shares	4.967.771	-
Payment of interest	(3)	(2.768)
Net cash from/(for) financing activities	4.967.768	(2.768)
Net decrease in cash and cash equivalents	(12.495)	(5.855.281)
Cash and cash equivalents at beginning of year	31.357	5.886.638
Cash and cash equivalents at end of year	18.862	31.357