K + G Complex Public Company LTD

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2023 to 30 June 2023

	30 June 2023 Unaudited €000	30 June 2022 Unaudited €000
Administrative expenses Other income	(121) 171 ____	(128) 94 ____
Operating profit/(loss)	50	(34)
Share of profit of investment in associated companies	1.000	351
Profit before tax	____ 1.050	____ 317
Tax	-	-
Profit for the period	_ 1.050 _	_ 317 _
Other comprehensive income
Share of reserves of associates	3	(1)
Total comprehensive income for the period	____ 1.053 ==========	____ 316 ==========
Profit per share attributable to Company's shareholders (cent per share):
- Basic and fully diluted	0,82 ==========	0,25 ==========

	30 June	31 December
	2023	2022
	Unaudited	Audited
	€000	€000
Assets
Non-current assets
Property, plant and equipment	4	9
Investments in associated companies	112.284 _____	111.282 _____
	112.289	111.291
	_____	_____
Current assets
Inventories	300	300
Financial assets at amortised cost	12.544	12.363
Tax refundable	-	4
Cash and cash equivalents	1.951	2.102
	_____	_____
	14.797	14.769
	_____	_____
Total Assets	127.085	126.060
	===========	===========
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	680	677
Reserve arising on translation of share capital into Euro	86	86
Retained Earnings	102.549	101.499
	_____	_____
Total Equity	126.932	125.879
	_____	_____
Current liabilities
Trade and other payables	140	164
Tax payable	13	17
	_____ 153	_____ 181
	_____	_____
Total Liabilities	153	181
	_____	_____
Total Equity and Liabilities	127.085	126.060
	===========	===========

	Share capital	Share premium	Reserve arising on translation of share capital into Euros	Reserve of changes in equity of associates	Retained earnings	Total
Six months until 30 June 2023	€000	€000	€000	€000	€000	€000
Balance at 1 January 2023	21.860 ___	1.757 ___	86 ___	677 ____	101.499 ___	125.879 ___
Profit for the period	-	-	-	-	1.050	1.050
Other Comprehensive Income Share of reserves of associates	___ -	___ -	___ -	____ 3	___ -	___ 3
Total other comprehensive income	___ -	___ -	___ -	____ 3	___ -	___ 3
Total Comprehensive Income for the period	___ -	___ -	___ -	____ 3	___ 1.050	___ 1.053
Balance at 30 June 2023 (unaudited)	___ 21.860 =========	___ 1.757 =========	___ 86 =========	____ 680 ==========	___ 102.549 =========	___ 126.932 =========
Six months until 30 June 2022
Balance at 1 January 2022	21.860	1.757	86	537	89.939	114.178
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 (unaudited)	21.860 =========	1.757 =========	86 =========	536 ==========	90.256 =========	114.494 =========

	30 June 2023 Unaudited €000	30 June 2022 Unaudited €000
Cash flows from operating activities Cash used in operations	(145)	(150)
Net cash used in operating activities	___ (145)	___ (150)
Cash flows from investing activities Loans granted to related parties	___ (6)	___ (12)
Net cash used in investing activities	____ (6)	____ (12)
Cash flows from financing activities Interest paid	____ -	____ -
Net cash used in financing activities	____ -	____ -
Net decrease in cash and cash equivalents	____ (151)	____ (162)
Cash and cash equivalents at the beginning of the period	2.102	2.388
Cash and cash equivalents at the end of the period	____ 1.951 ==========	____ 2.226 ==========

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