K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2022 to 30 June 2022

	30 June 2022 Unaudited	30 June 2021 Unaudited
	€000	€000
Revenue Cost of sales	- -	12.700 (3.532)
Gross profit	____ -	____ 9.168
Administrative expenses	(128)	(221)
Selling and marketing expenses Other income	- 94	(280) 111
Operating (loss)/profit	____ (34)	____ 8.777
Finance cost Share of profit of investment in associates	- 351	(147) 645
Profit before tax	____ 317	____ 9.275
Tax	-	-
Profit for the period	_ 317 _	_ 9.275 _
Other comprehensive income Share of reserves of associates	(1)	-
	____	____
Total comprehensive income for the period	316 ==========	9.275 ==========
Profit per share attributable to Company's shareholders
(cent per share): - Basic and fully diluted	0,25 ==========	7,21 ==========

	30 June	31 December
	2022	2021
	Unaudited €000	Audited €000
Assets
Non-current assets
Property, plant and equipment	13	18
Investments in associates	103.900	103.550
	_____ 103.913	_____ 103.568
Current assets	_____	_____
Inventories	300	300
Financial assets at amortised cost	8.514	8.402
Tax refundable	15	10
Cash and cash equivalents	2.226 _____	2.388 _____
	11.055 _____	11.100 _____
Total Assets	114.968	114.668
Equity and liabilities	===========	===========
Capital and reserves
Share Capital	21.860	21.860
Share Premium	1.757	1.757
Reserve of changes in equity of associates	536	537
Reserve arising on translation of share capital into Euro	86	86
Retained Earnings	90.263 _____	89.939 _____
Total Equity	114.502	114.178
Current liabilities	_____	_____
Trade and other payables	466 _____	490 _____
	466	490
Total Liabilities	_____ 466	_____ 490
Total Equity and Liabilities	_____ 114.968	_____ 114.668
	===========	===========

	Share capital €000	Share premium €000	Reserve arising on translation of share capital into Euros €000	Reserve of changes in equity of associates €000	Retained earnings €000	Total €000
Balance at 1 January 2021	21.860	1.757	86	609	80.136	104.448
Profit for the period	___	___	___	____	___	___
	-	-	-	-	9.275	9.275
Other comprehensive income Share of reserves of associates	_ - _	_ - _	_ - _	_ - _	_ - _	_ - _
Total other comprehensive income	-	-	-	-	-	-
	___	___	___	____	___	___
Total Comprehensive Income for the	-	-	-	-	9.275	9.275
period	___	___	___	____	___	___
Balance at 30 June 2021	21.860	1.757	86	609	89.410	113.722
(unaudited)	=========	=========	=========	==========	=========	=========
Balance at 1 January 2022	21.860	1.757	86	537	89.939	114.178
Readjustment on opening balance	-	-	-	-	7	7
Readjusted new balance	___	___	___	____	___	___
	21.860	1.757	86	537	89.946	114.186
	___	___	___	____	___	___
Profit for the period	-	-	-	-	317	317
Other Comprehensive Income	___	___	___	____	___	___
Share of reserves of associates	-	-	-	(1)	-	(1)
Total other comprehensive income	___	___	___	____	___	___
	-	-	-	(1)	-	(1)
Total Comprehensive Income for the period	_ - _	_ - _	_ - _	_ (1) _	_ 317 _	_ 316 _
Balance at 30 June 2022	21.860	1.757	86	536	90.263	114.502
(unaudited)	=========	=========	=========	==========	=========	=========

	30 June 2022 Unaudited €000	30 June 2021 Unaudited €000
Cash flows from operating activities
Cash (used in)/from operations	(150) ___	14.705 ___
Net cash (used in)/from operating activities	(150) ___	14.705 ___
Cash flows from investing activities
Proceeds from repayment of loans from related parties	-	60
Loans granted to related parties	(12) ____	(5) ____
Net cash (used in)/from investing activities	(12) ____	55 ____
Cash flows from financing activities
Repayments of bank loans Interest paid	- - ____	(9.631) (147) ____
Net cash used in financing activities	-	(9.778)
Net (decrease)/increase in cash and cash equivalents overdrafts	____ (162)	____ 4.983
Cash and cash equivalents at the beginning of the period	2.388	65
Cash and cash equivalents at the end of the period	____ 2.226 ==========	____ 5.068 ==========

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