Space Hellas S.A.

Annual / Quarterly Financial Statement • May 3, 2022

					SPACE HELLAS S.A. GEMI:375501000
					Mesogeion Av. 312 Ag. Paraskevi Financial statement and information for the period 1 January 2021 to 31 December 2021
The following results and information, that arise from the financial statements, provide a general picture of the financial position and financial results of the SPACE HELLAS S.A.					Thus we suggest the reader, before entering into any sort of investment decision or other transaction with the company, to gain access to the company's web site, where the financial statements can be downloaded, as well as the Independent Auditor's Report.
				Company Information
Prefecture Company's web site	Ministry of Development, Department of Commerce http://www.space.gr				Board of Directors Manolopoulos Spyridon Chatzistamatiou Theodoros Mpellos Panagiotis	Chairman, executive member Vice President, non executive member Vice President, executive member
Date of approval by the Board of Directors	19 April 2022				Mertzanis Ioannis Doulaveris Ioannis	CEO, executive member Executive member
Certified Auditor Accountant Auditing Company	Andreas G. Pournos (S.O.E.L. Reg. No 35081) PKF Euroauditing S.A. Without qualification				Paparizou Anastasia Gakis Theodoros	Executive member Independent - non executive member
Type of Auditor's report					Kaliani Anna Chatiras Emmanouil	Independent - non executive member Independent - non executive member
	1.1 STATEMENT OF FINANCIAL POSITION					1.4 CASH FLOW STATEMENT FOR THE YEAR
	GROUP		COMPANY			GROUP		COMPANY
(consolidated and non consolidated) Amounts in € thousand	31.12.2021	31.12.2020	31.12.2021		31.12.2020 (consolidated and non consolidated) Amounts in € thousand	01.01- 31.12.2021	01.01- 31.12.2020	01.01- 31.12.2021	01.01- 31.12.2020
ASSETS Property, plant and equipment	17.725	17.576	17.331		Operating Activities : 17.541 Profit before taxes (continued operations)	5.155	2.229	2.724	2.120
Rights of Use	2.191	1.217	1.285		1.215 Plus/Less adjustments for :
Intangible assets	18.900	3.543	3.460		3.512 Depreciation	3.000	1.992	2.230	1.971
Other non current assets Inventory	12.730 10.099	3.954 7.579	19.466 9.670		3.897 Impairment of tangible and intangible assets 7.579 Provisions	0 -186	-472 104	0 166	-472 104
Receivables (trade debtors)	48.182	27.183	43.791		27.272 Foreign exchange differences	177	275	166	277
Other current assets	12.050	7.586	8.126		7.019 Net (profit)/Loss from investing activities	-1.862	-26	-770	-781
Cash and Cash equivalents	23.265	31.058	19.413		30.451 Interest and other financial expenses	3.690	2.820	3.390	2.813
TOTAL ASSETS	145.142	99.696	122.542		98.486 Plus or minus for Working Capital changes:
EQUITY AND LIABILITIES					Decrease/(increase) in Inventories	-1.983	-954	-2.091	-954
Share capital	6.973	6.973	6.973		6.973 Decrease/(increase) in Receivables	-17.781	-12.237	-19.659	-12.482
Other components of equity Total equity attributable to owners of the parent (a)	14.108 21.081	11.615 18.588	11.700 18.673	17.533 Less:	10.560 (Decrease)/increase in Payables (excluding banks)	8.199	14.060	10.225	14.282
Non controlling interests (b)	3.295	1	-		- Interest and other financial expenses paid	-3.282	-2.410	-3.041	-2.403
Total Equity (c) = (a)+(b)	24.376	18.589	18.673		17.533 Taxes paid	-283	-421	0	-153
Long term borrowings	39.501	30.322	37.240	30.322	Total cash inflow/(outflow) from operating activities (a)	-5.156	4.960	-6.660	4.322
Long term provisions / Non current liabilities	5.086	2.217	2.632		2.217 Cash flow from Investing Activities Acquisition of subsidiaries, associated companies,
Short term borrowings Other current liabilities	17.686	9.777	16.867	9.777	joint ventures and other investments Purchase of tangible and intangible assets	-14.267	-1.728	-14.570	-1.728
Total Liabilities (d)	58.493 120.766	38.791 81.107	47.130 103.869	38.637 80.953	Proceeds from sale of tangible and intangible assets	-2.451 70	-3.421 74	-2.178 51	-3.420 74
TOTAL EQUITY AND LIABILITIES (c)+(d)	145.142	99.696	122.542		98.486 Interest received	0	0	0	819
					Dividends received	0	0	0	0
	1.3 STATEMENT OF CHANGES IN EQUITY				Total cash inflow/(outflow) from investing activities (b)	-16.648	-5.075	-16.697	-4.255
(consolidated and non consolidated) Amounts in € thousand	GROUP		COMPANY		Cash flow from Financing Activities Proceeds from Borrowings	19.619	18.141	19.619	18.141
	31.12.2021	31.12.2020	31.12.2021		31.12.2020 Payments of Borrowings	-6.071	-3.031	-5.611	-3.031
Total equity in the beginning of the year (1/1/2021 and 1/1/2020 accordingly)	18.589	16.898	17.533		15.899 Payments of leases	-866	-599	-570	-587
Total comprehensive income after taxes (continued and discontinued operations)	4.278	2.111	2.259		2.054 Payments for Treasury shares	-602	0	-602	0
Increase / (Decrease) of Share Capital	0	0	0		0 Dividends paid to shareholders of the Company	-517	-420	-517	-420
Cancellation of own shares	-602	0	-602	0	Total cash inflow/(outflow) from financing activities (c)	11.563	14.091	12.319	14.103
Other Changes	0	0	0	0	Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c)	-10.241	13.976	-11.038	14.170
Non controlling interests	2.628	0	0	0	Cash and cash equivalents at beginning of period	31.058	17.082	30.451	16.281
Dividends distributed	-517	-420	-517		-420 Cash and cash equivalents from subsidiaries	2.448	0	0	0
Total equity at the end of the year Total equity at the end of the period (31.12.2021 and 31.12.2020)	24.376	18.589	18.673		17.533 Cash and cash equivalents at end of period	23.265	31.058	19.413	30.451
					1.2 STATEMENT OF COMPREHENSIVE INCOME
			01.01-	Group	01.01- 01.01-	Company	01.01-
(consolidated and non consolidated) Amounts in € thousand Turnover			31.12.2021 103.323		31.12.2020 31.12.2021 80.732 91.268		31.12.2020 78.170
Gross Profit Profit before taxes, financing and investing activity			20.524 6.451		16.423 17.480 4.867 4.789		15.568 4.000
Profit before taxes Profit after taxes (A)			5.155 4.620		2.229 2.724 1.791 2.324		2.120 1.736
Owners of the parent - Non controlling interests			3.845		1.791 2.324		1.736
-			775 4.620		0 1.791 2.324	-	- 1.736
Other comprehensive income after taxes (B)			-342		320 -65		318
Total comprehensive income after taxes (A)+(B) Owners of the parent -			4.278 3.612		2.111 2.259 2.111 2.259		2.054 2.054
Non controlling interests -			666		0	-	-
Earnings (after taxes) per share - basic in €			0,6000		0,2774 0,3626		0,2689
Profit before taxes, financing and investing activity and depreciation			9.451		6.859 7.019		5.971
					Additional information The shares of the company were listed on the Athens Stock Exchange on 29-9-2000. The earnings per share were calculated based on the weighted average number of ordinary shares in issue amounting to 6.408.587.
The companies of the Group, the percentage ownership and the consolidation method for the ending period are disclosed in note 4.6.13 of the annual financial report of 2021.
The tax un-audited years of the Company and the Group are disclosed in note 4.6.30 of the annual financial report of 2021.					The company has formed a provision for the tax unaudited years, for the amount of 61 thousand, in order to cover the possibility of additional taxes (note 4.6.30). No other reserves are formed (note 4.6.28).
There are no other disputed or under arbitration cases of national or administrative courts that may have a material effect on the financial position of the Company.
					There are no other real liens on non-current assets or property, except, at the Company level, the underwriting, amounting to € 1.200 thousand, on the property situated at 6 Loch. Dedousi St., Cholargos, Athens, and the underwriting amounting to € 4.335 thousand, on the property situated at 302 Ave. Mesogeion, Cholargos, Athens and, at the Group level, the underwriting, amounting to € 7.200 thousand, on the property situated at 312 Ave. Mesogeion, Cholargos, Athens, and the underwriting,
amounting to € 1.200 thousand, on the property situated at St. Giannitson-I.Kariofylli & Patr. Kyrrilou, Thessaloniki.
The personnel employed at 31.12.2021 for the Group amounted to 719 persons and for the Company amounted to 479 while as at 31.12.2020 amounted to 424 and 422 respectively.
Note 4.3 of the annual financial report of 2021 refers to the comprehensive income after taxes for the company and the Group.					There are no changes in accounting policies that have been followed compared to those used to prepare the financial statements as of 31 December 2020 other than the change in accounting policy in IAS 19.
10. Intercompany transactions for the period from 1 January 2021 to 31 December 2021 according to I.A.S. 24 are as follows:		GROUP	COMPANY
a) Sales of goods and services		72	1.543 222
b) Purchases of goods and services c) Receivables from related parties		160 9	1.782
d) Payables to related parties e) Key management compensations		0 1.396	55 1.396
f) Receivables from key management g) Payables to key management included in above		2 15	2 15
The company has guaranteed to financial institutions for bank credit limit for its subsidiaries up to the amount of € 7.982 thousand, of which € 3.284 thousand has been used.
CHAIRMAN OF THE BOARD OF DIRECTORS			Agia Paraskevi, 19 April 2022 CHIEF EXECUTIVE OFFICER		CHIEF FINANCIAL OFFICER			CHIEF ACCOUNTANT
					AND EXECUTIVE MEMBER OF THE BOARD			AND EXECUTIVE MEMBER OF THE BOARD
SPYRIDON MANOLOPOULOS			IOANNIS MERTZANIS		IOANNIS DOULAVERIS			ANASTASIA PAPARIZOU