Interim / Quarterly Report • Jul 31, 2015
Interim / Quarterly Report
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| For the half-year ended | ||
|---|---|---|
| 30.06.2015 | 30.06.2014 | |
| € | € | |
| Interest receivable | - | 13,802 |
| Income from rents | 133,166 | 76,440 |
| Other income | 113,696 | 1,200 |
| ____ 246,862 |
____ 91,442 |
|
| Administrative expenses | (197,182) | (74,024) |
| (Loss)/Profit from revaluation and liquidation of financial assets at fair value | ||
| through profit and loss | (1,290) | (2,759) |
| Profit before taxation | ____ 48,390 |
____ 20,177 |
| Taxation | (8,265) | (3,877) |
| Profit for the period from continuing operations | ____ 40,125 |
____ 16,300 |
| Non-continuing operations | ||
| Profit/(Loss) for the period from non-continuing operations | 204,017 ____ |
(469,700) ____ |
| Profit/(Loss) for the period | 244,142 ____ |
(453,400) ____ |
| Basic and adjusted profit from continuing operations per share (cent) | 0,014 | 0,006 |
| ____ | ____ | |
| Basic and adjusted profit/(loss) from non-continuing operations per share (cent) |
0,072 ____ |
(0,166) ____ |
| Basic and adjusted profit/(loss) per share (cent) | 0,086 ____ |
(0,160) ____ |
| For the half-year ended | ||
|---|---|---|
| 30.06.2015 € |
30.06.2014 € |
|
| Profit/(Loss) for the period | 244,142 ____ |
(453,400) ____ |
| Other total income: | ||
| Items which may be later be classified in profit and loss: | ||
| Profit from revaluation at fair value of financial assets available for sale | 11,397 ___ |
28,143 ___ |
| Other total income | 11,397 | 28,143 |
| Total profit/(loss) for the period | _ 255,539 _ |
_ (425,257) _ |
| 30.06.2015 | 31.12.2014 | |
|---|---|---|
| € | € | |
| ASSETS | ||
| Non-current assets | ||
| Intangible assets | 11 | 22 |
| Property, plant and equipment | 17,760 | 3,269,409 |
| Investment in property | 7,700,000 | 4,450,000 |
| Loans receivable | 85,380 | 85,380 |
| Financial assets available for sale | _____605,884 | ____594,487 |
| ___8,409,035 | __8,399,298 | |
| Current assets | ||
| Trade and other receivables | 149,897 | 171,143 |
| Financial assets at fair value through profit and loss | 2,871,825 | 376,640 |
| Tax refundable | 21,232 | 21,232 |
| Cash and cash equivalents | ___1,157,630 | ____646,825 |
| ___4,200,584 | __1,215,840 | |
| Assets classified as held for sale | - _____ |
3,375,768 _____ |
| TOTAL ASSETS | __12,609,619 | __12,990,906 |
| EQUITY AND LIABILITIES | ||
| Equity and reserves | ||
| Share capital | 78,028,207 | 78,028,207 |
| Equity | (1,190,000) | (1,190,000) |
| Other reserves | 423,602 | 412,205 |
| Accumulated loss | (64,805,211) | _(65,049,353) |
| Total equity | _12,456,598 | __12,201,059 |
| Non-current liabilities | ||
| Borrowings | _____85,380 | _____85,380 |
| _____85,380 | _____85,380 | |
| Current liabilities | ||
| Other creditors | 61,277 | 124,680 |
| Current tax liabilities | ______6,364 | ____- |
| _____67,641 | ____124,680 | |
| Liabilities directly related to assets classified as held for sale | ____- | ____579,787 |
| Total liabilities | ____153,021 | ____789,847 |
| TOTAL EQUITY AND LIABILITIES | __12,609,619 | _12,990,906 |
| CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Share Equity Other Accumulated |
|||||
|---|---|---|---|---|---|
| capital | Reserves | Loss | Total | ||
| € | € | € | € | € | |
| Balance at 1 January 2014 |
78,028,207 | (1,190,000) | 374,759 | (64,306,501) | 12,906,465 |
| Total loss Loss for the period |
- | - | - | (453,400) | (453,400) |
| Other total income Profit of revaluation at fair value of financial assets available |
- | - | 28,143 | - | 28,143 |
| for sale | |||||
| -------------- | ----------------- | --------------- | --------------- | -------------- | |
| Balance at 30 June 2014 |
78,028,207 ------------- |
(1,190,000) ----------------- |
402,902 ------------- |
(64,759,901) --------------- |
12,481,208 -------------- |
| Share capital |
Equity | Other Reserves |
Accumulated Loss |
Total | |
| € | € | € | € | € | |
| Balance at 31 December 2014/ 1 January 2015 |
78,028,207 | (1,190,000) | 412,205 | (65,049,353) | 12,201,059 |
| Total loss Loss for the period |
- | - | - | 244,142 | 244,142 |
| Other total income Profit of revaluation at fair value of financial assets available for |
- | - | 11,397 | - | 11,397 |
| sale | |||||
| B/F to the profit and loss account due to depreciation |
- -------------- |
- ---------------- |
- ------------- |
- -------------- |
- ------------- |
| Balance at 30 June 2015 |
78,028,207 -------------- |
(1,190,000) ----------------- |
423,602 ------------- |
(64,805,211) --------------- |
12,456,598 -------------- |
| 30.06.2015 | 30.06.2014 | |
|---|---|---|
| € | € | |
| Cash (for)/from operating activities | (2,487,294) | 52,409 |
| Tax paid | _____(1,901) | ____(1,700) |
| Net cash (for)/from activities from continuing operations | (2,489,195) | 50,709 |
| Net cash for activities from non-continuing operations | - | (565,867) |
| Total net cash from operations | _(2,489,195) | __(515,158) |
| Cash flow from investing activities | ||
| Interest received | - | 13,802 |
| Sale of investment in subsidiary company | __3,000,000 | ___- |
| Net cash from investing activities from continuing operations | 3,000,000 | 13,802 |
| Net cash from investing activities from non-continuing operations | ____- | ____63,215 |
| Total net cash from investing activities | __3,000,000 | ____77,017 |
| Cash flow for financing activities | ||
| Interest paid | ____- | ___- |
| Net cash for financing activities from continuing operations | - | - |
| Net cash for financing activities from non-continuing operations | ____- | ___(10,667) |
| Total net cash from financing activities | - | (10,667) |
| Net increase/(decrease) in cash and cash equivalents | 510,805 | (448,808) |
| Cash and cash equivalents at beginning of period | ___646,825 | __2,625,096 |
| Cash and cash equivalents at end of period | __1,157,630 | __2,176,288 |
| Cash and cash equivalents appearing in the consolidated balance sheet | __1,157,630 | ____289,622 |
| Cash and cash equivalents included in the assets classified as held for sale | ___- | __1,886,666 |
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