Interfund Investments PLC

Earnings Release • Sep 26, 2023

CONDENSED STATEMENT OF PROFIT AND LOSS AND OTHER TOTAL INCOME for the period ended 30 June 2023

	Period ended 30 June		Year ended 31 December
	2023	2022	2022
	€	€	€
Income	509.498	228.899	1.734.379
Profit from investing activities	-	-	-
Administrative expenses	(119.124)	(117.014)	(291.685)
Profit from operations	390.374	111.885	1.442.694
Finance income	364	14	-
Finance costs	(7.346)	(3.786)	(42.289)
Profit before taxation	383.392	108.113	1.400.405
Taxation	-	-	(684)
Net profit for the period	383.392	108.113	1.399.721
Profit per share (cents)	0.27	0.10	1.24

CONDENSED STATEMENT OF FINANCIAL POSITION

for the period ended 30 June 2023

	30 June 2023	30 June 2022	31 December 2022
	€	€	€
ASSETS
Current assets
Receivables and prepayments	4.506.570	-	2.678
Financial assets at fair value	18.972.375	16.687.708	18.117.240
Cash and cash equivalents	68.259	193.652	31.357
Total assets	23.547.204	16.881.360	18.151.275
EQUITY AND LIABILITIES Equity and reserves
Share capital	18.699.502	14.663.188	14.663.188
Share premium reserve	5.114.497	4.183.040	4.183.040
Accumulated (loss)	(505.603)	(2.180.603)	(888.995)
	23.308.396	16.665.625	17.957.233
Current liabilities
Trade and other creditors	209.325	186.936	164.559
Current tax liabilities	29.484	28.799	29.483
	238.809	215.735	194.042
Total equities and liabilities	23.547.204	16.881.360	18.151.275
Net asset value of share (cents)	23.547.204	14.78	15.92

-

CONDENSED STATEMENT OF CHANGES IN EQUITY for the period ended 30 June 2023

Share capital Share Premium Reserve Accumulated profits Total Equity € € € € Balance as at 1 January 2022 14.663.188 4.183.040 (2.288.716) 16.557.512 Profit for the period - - 108.113 108.113 Balance as at 30 June 2022 14.663.188 4.183.040 (2.180.603) 16.665.625 Share capital € Share Premium Reserve € Accumulated profits € Total Equity € Balance as at 1 January 2023 14.663.188 4.183.040 (888.995) 17.957.233 Profit for the period - - 383.392 383.392 Share capital increase 4.036.314 931.457 - 4.967.771 Balance as at 30 June 2023 18.699.502 5.114.497 (550.603) 23.308.396

CONDENSED STATEMENT OF CASH FLOWS

for the period ended 30 June 2023

	Period ended 30 June 2023	Period ended 30 June 2022
	€	€
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	383.392	108.113
Adjustments for:
(Profit) from sale of financial assets at fair value through profit and loss	(75.523)	(3.474)
(Profit) from currency exchange transactions	(364)	(14)
Profit at fair value in financial assets at fair value through profit and loss	(292.264)	(223.228)
Credit dividends	(94.601)	(2.198)
Debit interest	3	2.768
Credit interest	(50.108)	-
	(126.465)	(118.033)
Changes in working capital
(Increase) in other amounts receivables	(4.453.784)	-
(Increase) in financial assets at fair value through profit and loss	(489.985)	(5.589.420)
Increase in trade and other creditors	44.767	15.037
Cash (for)/from operations	(5.025.467)	(5.692.416)
Collection of dividends	94.601	2.198
Net cash from operations	(4.930.866)	(5.690.218)
CASH FLOW FROM INVESTING ACTIVITIES Proceeds from the issue and free granting of pre-emption rights to all
shareholders	4.967.771	-
Net cash from investing activities	4.967.771	-
CASH FLOW FROM FINANCING ACTIVITIES
Payment of interest	(3)	(2.768)
Collection of interest	-	-
Net cash from financing activities	(3)	(2.768)
Net decrease)in cash and cash equivalents	36.902	(5.692.986)
Cash and cash equivalents at beginning of period	31.357	5.886.638
Cash and cash equivalents at end of period	68.259	193.652