CONDENSED STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME for the period ended 30 June 2020

	Period ended 30 June		Year ended 31 December
	2020	2019	2019
	€	€	€
Income	(588.848)	790.737	408.707
Profit from investing activities			371
Administrative expenses	(105.157)	(183.081)	(319.796)
Profit/(Loss) from operations	(694.005)	607.656	89.282
Finance income	75.470	19.389	425.289
Finance costs	(3.631)	(107.411)	(3.667)
	71.839	(88.022)	510.904
Profit / (Loss) before taxation	(622.166)	519.634	510.904
Taxation	-	(5.167)	(1.772)
Net profit /(loss) for the period	(622.166)	514.467	509.132
Other total income	-	-	-
Total income /(loss) for the year	(622.166)	514.467	509.132

Profit / (loss) per share (cents)	(1.10)	0.91	0.90

for the period ended 30 June 2020

	30 June 2020	30 June 2019	31 December 2019
	€	€	€
ASSETS
Current assets
Amounts receivable and prepayments	9.520	7.193	-
Financial assets at fair value	2.821.682	1.401.815	1.407.819
Cash at bank and in hand	5.877.725	7.962.875	7.940.532
	8.708.927	9.371.883	9.348.351
Total assets	8.708.927	9.371.883	9.348.351
EQUITY AND LIABILITIES
Equity and reserves
Share capital	7.350.837	7.350.837	7.350.837
Share premium reserve	2.495.574		2.495.574
Accumulated profit / (loss)	(1.363.277)	(735.775)	(741.111)
	8.483.134	9.110.636	9.105.300
Current liabilities
Other creditors and amounts due	196.995	183.700	165.508
Tax due	28.798	77.547	77.543
	225.793	261.247	243.051
Total equities and liabilities	8.708.927	9.371.883	9.348.351

Net asset value of share (cents)	15.00	16.11	16.10

STATEMENT OF CHANGES IN EQUITY for the period ended 30 June 2020

	Share capital	Share Premium Reserve	Accumulated profits	Total Equity
	€	€	€	€
Balance as at 1 January 2019	7.350.837	2.495.574	(1.250.243)	8.596.168
Total income for 2019	-	-	509.132	509.132
Balance as at 31 December 2019
	7.350.837	2.495.574	(741.111)	9.105.300
	Share capital	Share Premium Reserve	Accumulated profits	Total Equity
	€	€	€	€

Balance as at 1 January 2020	7.350.837	2.495.574	(741.111)	9.105.300
Loss for the period	-	-	(622.166)	(622.166)

CONDENSED STATEMENT OF CASH FLOWS

	Period ended	Period ended
	30 June 2020	31 December 2019
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit / (loss) before taxation	(622.166)	510.904
Adjustments for:
Credit dividends	(6.300)	(46.879)
Credit interest	(4.265)	(17.087)
	(632.731)	446.938
Changes in working capital
Decrease/(increase) in other amounts receivables	(2.327)	4.454
Decrease/(increase) in financial assets at fair value through profit and loss	(1.402.835)	3.081.227
Increase in fixed-term deposits	(2.511.639)	(302.061)
(Decrease)/increase in trade and other creditors	13.266	(171.084)
Cash from operations	(4.536.266)	3.059.474
Collection of interest	4.265	17.087
Collection of dividends	6.300	46.879
Tax paid	(48.744)	(1.772)
Net cash from operations	(38.179)	3.121.668
CASH FLOW FROM INVESTING ACTIVITIES	-	-
CASH FLOW FROM FINANCING ACTIVITIES	-	-
Net decrease in cash and cash equivalents	(4.574.445)	3.121.668
Cash and cash equivalents at beginning of period	7.087.672	3.966.004

Cash and cash equivalents at end of period	2.513.227	7.087.672