Condensed interim statement of total income for the period from 1 January to 30 June 2015

	Six months ended 30 June
	2015	2014
Income	€	€

(Loss)/Profit from the sale and revaluation of investments
at fair value through profit and loss	(6,955)	16,559
Dividends receivable	--	2,230
	(6,955)	18,789
Administrative expenses	(12,479)	(12,451)
(Loss)/Profit from operating activities	(19,434)	6,248

Finance income	1,801	--
Finance costs	(112)	(130)
Net finance income/(costs)	1,689	(130)
(Loss)/Profit for the period before taxation	(17,745)	6,118
Taxation	--	(764)
(Loss)/Profit for the period	(17,745)	5,354
Other total income:
Other total income for the period after taxation	--	--
Total (loss)/profit for the period	(17,745)	5,354
(Loss)/Earnings per share (cent)	(0,89)	(0.27)

Condensed interim statement of financial position as at 30 June 2015

	30/06/2015	30/12/2014
	€	€
CURRENT ASSETS
Financial assets at fair value through profit and loss	299,822	214,775
Trade receivables	151,976	270,392
Cash at bank	12,285	6,959

TOTAL ASSETS	464,083	492,126

EQUITY AND LIABILITIES
Capital and reserves
Share capital	500,000	500,000
Annuity reserve	(47,948)	(30,203)

Total equity	(452,052)	469,797
Current liabilities
Other payables	11,773	22,071
Taxation	258	258
	12,031	22,329

TOTAL EQUITY AND LIABILITIES	464,083	492,126

Net asset value per share (cent)	22.60	23.49

	Share capital €	Annuity reserve €	Total equity €
As at 1 January 2015	500,000	(30,203)	469,799
Loss for the period after taxation	--	(17,745)	(17,745)
Transactions with owners:
As at 30 June 2015	500,000	(47,948)	452,052

	Share capital €	Annuity reserve €	Total equity €
As at 1 January 2014	500,000	(45,459)	454,541
Loss for the period after taxation	--	6,118	6,118
Transactions with owners:
As at 30 June 2014	500,000	(39,341)	460,659

	Six months ended
	30 June
	2015	2014
	€	€
Cash flow from operating activities
(Loss)/Profit for the period	(17,745)	5,534
Adjustments for:
(Loss) from sale and revaluation of investments at fair value
through profit and loss	6,955	(16,559)
Credit interest	(1,801)	--
Debit interest	112
Taxation	--	764
Cash flow for operating activities before changes
in working capital	(12,479)	(10,441)
Decrease in trade and other receivables	2,214	(6,532)
Increase in other payables	48	--

Cash flow (for)/from operating activities	(10,217)	(16,973)
Dividends received	--	(2,230)
Tax paid	--	(764)
Net cash flow (for)/from operating activities	(10,217)	(19,967)
Cash flow from investing activities
Payments for acquisition of investments	(800,291)	--
Proceeds from sale of investments	695,667	231,780
Interest received	1,801	--
Dividends received	--	2.230
Net cash flow from investing activities	(102,823)	234,010

Cash flow from financing activities
Payment of interest	(112)	--
Net increase/(decrease) in cash and cash equivalents	(113,202)	214,043
Cash and cash equivalents at beginning of period	277.351	81,611
Cash and cash equivalents at end of period	164,199	295,654