The Cyprus Cement Public Company LTD

Annual / Quarterly Financial Statement • Sep 26, 2023

THE CYPRUS CEMENT PUBLIC COMPANY LIMITED

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2023 to 30 June 2023

Interim Condensed Consolidated Income Statement and other Comprehensive Income for the period from 1 January 2023 to 30 June 2023

	30 June 2023 Unaudited €000	30 June 2022 Unaudited €000
Revenue Administrative expenses	182 (421) ___	160 (432) ___
Operating loss	(239)	(272)
Finance cost Share of profit from investments accounted for using	-	(20)
equity method	3.352 ___	1.368 ___
Profit before tax Tax	3.113 - ___	1.076 (5) ___
Profit for the period	3.113 =========	1.071 =========
Other comprehensive income Share of reserves of investments accounted for using equity method	10	(4)
Total comprehensive income for the period	___ 3.123 =========	___ 1.067 =========
Profit for the period attributable to: Owners of the company Non-controlling interest	3.123 - ___ 3.123	1.087 (16) ___ 1.071
Profit per share attributable to the shareholders of the Company (cent per shares): Basic and fully diluted	========= 2,27 =========	========= 0,79 =========

Interim Condensed Consolidated Balance Sheet at 30 June 2023

	30 June 2023 Unaudited €000	31 December 2022 Audited €000
Assets
Non-current assets
Investment property Investments accounted for using the equity method	321.171 63.777	321.054 60.415
	__ 384.948 __	__ 381.469 __
Current assets
Financial assets at amortised cost Financial assets at fair value through income	9.266	8.027
statement	522	511
Other assets	217	150
Cash and cash equivalents at bank	10.574 _____	12.448 _____
	20.579	21.136
Total assets	_____ 405.527 ===========	_____ 402.605 ===========
Equity and liabilities Equity attributable to owners of the parent Share capital Own shares Fair value reserve Revenue reserve Other reserves Retained earnings	50.916 (218) 107.875 17.236 (15) 174.015 _____	50.916 (183) 170.866 17.236 (15) 170.902 _____
Total equity	349.809 _____	346.722 _____
Non-current liabilities Deferred tax liabilities	55.426 _____	55.426 _____
	55.426 _____	55.426 _____
Current liabilities Trade and other payables Provisions	292 -	157 300
	_____ 292	_____ 457
Total liabilities	_____ 55.718	_____ 55.883
Total equity and liabilities	_____ 405.527	_____ 402.605
	===========	===========

Interim Condensed Consolidated statement of changes in equity for the period ended 30 June 2022

	Attributable to owners of the Company
Share Capital €000	Share Premium €000	Own shares €000	Fair value reserve €000	Other reserves €000	Revenue Reserve €000	Retained Earnings €000	Total €000	Non controlling Interest €000	Total equity €000
50.916	-	(183)	107.866	17.236	(15)	170.902	346.722	-	346.722
-	-	-	-	-	-	3.113	3.113	-	____ 3.113
- -	- -	- (35)	10 -	- -	- -	- -	10 (35)	- -	____ 10 (35)
-	-	(35)	10	-	-	-	(25)	-	____ (25)
-	-	(35)	10	-	-	3.113	3.088	-	____ 3.088
50.916	-	(218)	107.875	17.236	(15)	174.015	349.809	-	____ 349.809 ============
59.173	910	-	107.430	17.236	(15)	138.046	322.779	723	323.502
-	-	-	-	-	-	1.087	1.087	(16)	____ 1.071
- -	- -	- (98)	(4) -	- -	- -	- -	(4) (98)	- -	____ (4) (98)
-	-	(98)	(4)	-	-	-	(102)	(16)	____ (102)
-	-	(98)	(4)	-	-	1.087	985	(16)	_ 969 _
59.173 =========	910	(98) =========	107.426 ==========	17.236	(15)	139.133	323.765 ==========	707	324.471 ===========
	_ _ _ _ _ ========= _ _ _ _ _	_ _ _ _ _ =========== _ _ _ _ _ ===========	__ _ _ _ _ ========== _ _ _ _ ___	_ _ _ _ _ ========= _ _ _ _ _	_ _ _ _ _ ========= _ _ _ _ _	_ _ _ _ _ =========== _ _ _ _ _	_ _ _ _ _ =========== _ _ _ _ _ ========= =========== ==========	_ _ _ _ _ ========== _ _ _ _ _	_ _ _ _ ___ =========== _ _ _ _ ____ ===========

Interim Condensed Consolidated statement of cash flows for the period ended 30 June 2023

	30 June 2023 Unaudited €000	30 June 2022 Unaudited €000
Cash flows from operating activities Cash used in operations	(652)	(6.983)
Net cash used in operating activities	____ (652)	____ (6.983)
Cash flows from investing activities Dividends received Amount paid for the purchase of financial assets at fair value	____ -	____ 2.366
through profit or loss Loans granted to related parties Additions on investment property	- (1.120) (117)	(502) (534) (86)
Net cash (used in)/from investing activities	_ (1.237) _	_ 1.122 _
Cash flows from financing activities Purchases of own shares Interest paid Interest received	(35) - 50	(98) (1) 12
Net cash from/(used in) financing activities	_ 15 _	_ (87) _
Net decrease in cash and cash equivalents	(1.874)	(5.826)
Cash and cash equivalents at the beginning of period	12.448	23.751
Cash and cash equivalents at the end of period	____ 10.574 ==========	____ 17.925 ==========