Space Hellas S.A.

Interim / Quarterly Report • Nov 30, 2021

SPACE HELLAS S.A.

GEMI:375501000 Mesogion Av. 312 Agia Paraskevi Financial statement and information for the period 1 January 2021 to 30 June 2021

The following results and information that arise from the financial statements provide a general picture of SPACE HELLAS S.A's financial position and financial results. 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 website, where the financial statements can be downloaded, as well as the Independent Auditor's Review Report whenever needed.

					Company Information
						Board of Directors
						Manolopoulos Spyridon	Chairman, executive member
	Prefecture	Ministry of Development, Department of Commerce				Chatzistamatiou Theodoros	Vice President, non ececutive member
	Company's web site	http://www.space.gr				Mpellos Panagiotis	Vice President, ececutive member
	Date of approval by the Board of Directors	28th September 2021				Mertzanis Ioannis	CEO, executive member
						Doulaveris Ioannis	Executive member
	Certified Auditor Accountant	PKF Euroauditing S.A.				Paparizou Anastasia	Executive member
	Auditing Company Type of Auditor's report	Andreas G. Pournos Without qualification				Gakis Theodoros Kalliani Anna	Indipendent - non executive member Indipendent - non executive member
						Chatiras Emmanuel	Indipendent - 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	30.06.2021	31.12.2020	30.06.2021 31.12.2020		(consolidated and non-consolidated) Amounts in € thousand	01.01- 30.06.2021	01.01- 30.06.2020	01.01- 30.06.2021	01.01- 30.06.2020
	ASSETS					Operating Activities :
	Property, plant and equipment	17.420	17.576	17.388	17.541	Profit before taxes (continued operations)	1.305	1.062	1.548	1.245
	Rights of Use	1.029	1.217	1.028	1.215	Plus/Less adjustments for :
	Investment properties	3.662	3.543	3.632	3.512	Depreciation	1.099	950	1.091	939
	Intangible assets	15.860	3.954	15.442	3.897	Impairment of tangible and intangible assets Provisions	0	-472	0	-472
	Other non current assets Inventory	7.515 28.851	7.579 27.183	7.515 28.745	7.579 27.272	Foreign exchange differences	51 167	69 -56	51 169	69 -55
	Receivables (trade debtors)	11.313	7.586	11.570	7.019	Net (profit)/Loss from investing activities	-354	-45	-852	-788
	Other current assets	10.151	31.058	9.644	30.451	Interest and other financial expenses	1.509	1.167	1.506	1.164
	TOTAL ASSETS	95.801	99.696	94.964	98.486	Plus or minus for Working Capital changes:
	EQUITY AND LIABILITIES					Decrease/(increase) in Inventories	64	-469	64	-469
	Share capital	6.973	6.973	6.973	6.973	Decrease/(increase) in Receivables	-6.098	-5.867	-6.901	-6.202
	Other components of equity	12.040	11.104	11.326	10.049	(Decrease)/increase in Payables (excluding banks)	-16.708	-5.549	-15.644	-4.912
	Total equity attributable to owners of the parent (a)	19.013	18.077	18.299	17.022	Less:
	Non controlling interests (b)	-	1	-	-	Interest and other financial expenses paid	-1.365	-953	-1.362	-951
	Total Equity (c) = (a)+(b)	19.013	18.077	18.299	17.022	Taxes paid	-97	-112	0	0
	Long term borrowings	23.259	30.322	23.259	30.322	Total cash inflow/(outflow) from operating activities (a)	-20.427	-10.275	-20.330	-10.432
	Long term provisions / Non current liabilities	2.585	2.728	2.585	2.728	Cash flow from Investing Activities
	Short term borrowings	29.019	9.777	29.019	9.777	Acquisition of subsidiaries, associated companies, joint ventures	-11.380	-450	-11.380	-450
	Other current liabilities	21.925	38.791	21.802	38.637	Purchase of tangible and intangible assets Proceeds from sale of tangible and intangible assets	-886	-885	-886	-884
	Total Liabilities (d)	76.788	81.618	76.665	81.464		7	1	7	1
	TOTAL EQUITY AND LIABILITIES (c)+(d)	95.801	99.695	94.964	98.486	Interest received	0	0	0	0
						Dividends received	0	0	0	419
		1.3 STATEMENT OF CHANGES IN EQUITY				Total cash inflow/(outflow) from investing activities (b)	-12.259	-1.334	-12.259	-914
		GROUP		COMPANY		Cash flow from Financing Activities
	(consolidated and non-consolidated) Amounts in € thousand	30.06.2021	31.12.2020	30.06.2021 31.12.2020		Proceeds from Borrowings	20.817	8.517	20.817	8.517
	Total equity in the beginning of the period
	(01.01.2021 and 01.01.2020)	18.078	16.390	17.022	15.391	Payments of Borrowings	-8.639	-4.436	-8.639	-4.436
	Total comprehensive income after taxes	1.086	974	1.428	1.291	Payments of leases	-248	-288	-245	-281
	Increase / (Decrease) of Share Capital	0	0	0	0	Payment for purchase of own shares	-151	0	-151	0
	Purchase of Own shares	-151	0	-151	0	Total cash inflow/(outflow) from financing activities (c)	11.779	3.793	11.782	3.800
	Other adustments	0	0	0	0	Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c)	-20.907	-7.816	-20.807	-7.546
	Non controlling interests	0	0	0	0	Cash and cash equivalents at beginning of period	31.058	17.082	30.451	16.281
	Dividents paid	0	0	0	0	Cash and cash equivalents at end of period	10.151	9.266	9.644	8.735
	Total equity at the end of the period
	(30.6.2021 and 30.06.2020)	19.013	17.364	18.299	16.682
						1.2 STATEMENT OF COMPREHENSIVE INCOME
						GROUP	COMPANY
	(consolidated and non-consolidated) Amounts in € thousand			01.01- 30.06.2021		01.01- 01.01- 30.06.2020 30.06.2021		01.01- 30.06.2020
	Turnover			36.260		33.043 35.169		31.672
	Gross Profit			8.238		7.077 7.906		6.595
	Profit before taxes, financing and investing activity			2.204		2.044 1.941		1.477
	Profit before taxes Profit before taxes			1.305		1.062 1.548		1.245
	Profit after taxes (A)Profit after taxes (A)			1.063		640 1.399		950
	- Owners of the parent			1.063		640 1.399		950
	- Non controlling interests			0		0 0		0
				1.063		640 1.399		950
	Other comprehensive income after taxes (B)			23		334 29		341
	Total comprehensive income after taxes (A)+(B)			1.086		974 1.428		1.291
	- Owners of the parent			1.086		974 1.428		1.291
	- Non controlling interests			0		0 -		-
	Earnings (after taxes) per share - basic in € Profit before taxes, financing and investing activity and depreciation			0,1687 3.303		0,0991 0,2220 2.994 3.032		0,1471 2.416
						Additional information
1.						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 6.456.530.
2.						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 six-month interim financial report of 2021.
3.	The tax un-audited years of the Company and the Group are disclosed in note 4.6.30 of the six-month interim financial report of 2021.
4. 5.						The company has formed a provison 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.
6.						There are no other real liens on non-current assets or property, except, at the Company and Group level, the underwriting, amounting to € 1.200 thousand, on the property situated at 6 Loch. Dedousi St., Cholargos, Athens, € 4.000 thousand, on the
7.						The personnel employed at 30.06.2021 for the Group amounted to 439 persons and for the Company amounted to 437 while as at 30.06.2020 amounted to 390 and 388 respectively.
8.	The same Accounting Policies have been followed as for the financial statements as at 31.12.2020
9.	Note 4.3 of the six-month interim financial report of 2021, refers to the comprehensive income after taxes for the company and the Group.
10.	Intercompany transactions for the period from 1 January 2021 to 30 June 2021 according to I.A.S. 24 are as follows:
			GROUP	COMPANY
	a) Sales of goods and services b) Purchases of goods and services		78 160	941 177
	c) Receivables from related parties		57	1.064
	d) Payables to related parties		90	99
	e) Key management compensations		619	619
	f) Receivables from key management		2	2
	g) Payables to key management included in above		15	15
						The company has guaranteed to financial institutions for bank credit limits for its subsidiaries to the amount of € 1.027 thousand, of which the amount of 727 thousand has been used.
				CHIEF EXECUTIVE OFFICER		Agia Paraskevi, 28 September 2021 CHIEF FINANCIAL OFFICER			CHIEF ACCOUNTANT
	CHAIRMAN OF THE BOARD OF DIRECTORS					AND EXECUTIVE MEMBER OF THE BOARD			AND EXECUTIVE MEMBER OF THE BOARD
	SPYRIDON MANOLOPOULOS			IOANNIS MERTZANIS		IOANNIS DOULAVERIS			ANASTASIA PAPARIZOU