Interim statement of comprehensive income for the period from 1 January to 30 June 2019

	Half year ended 30 June
	2019	2018
	€	€
Cost of sales	(-)	(-)
Loss in financial assets at fair value through profit or loss	-	-
Administrative expenses	(25.855)	(23.383)
Other profits	24.693	24.722
Operating profit/(loss)	(1.162)	(1.339)
Finance costs	(118.935)	(113.148)
Loss before taxation	(120.097)	(111.809)
Taxation charge	-	-
Loss for the period	(120.097)	(111.809)
Other comprehensive income for the period after taxation	-	-
Comprehensive losses for the period	(120.097)	(111.809)

Loss per share (cents per share):
Basic	(1.23)	(1.14)

Interim balance sheet as at 30 June 2019

	31 December
	2019	2018
	€	€
Assets
Non-current assets
Plant and equipment	-	-
Current assets
Stocks	1.665.660	1.665.660
Trade and other receivables	33.200	33.200
Financial assets at amortised cost	1.250.678	1.244.160
Financial assets at fair value through profit or loss	4.234	4.324
Current tax liabilities	123	123
Cash and cash equivalents	1.346	1.427
	2.955.331	2.948.894
Total assets	2.955.331	2.948.894
Equity and liabilities Capital and reserves
Share capital	499.392	499.392
Share premium reserve	807.523	807.523
Accumulated losses	(2.462.206)	(2.342.109)
Difference from conversion of share capital into Euro	12.565	12.565
	(1.142.726)	(1.022.629)
Non-current liabilities
Borrowings	-	-
Current liabilities
Other creditors	21.499	15.082
Borrowings	4.076.558	3.956.441
	4.098.057	3.971.523
Total liabilities	4.098.057	3.971.523

Total equity and liabilities	2.955.331	2.948.894

		Share	Difference from conversion of
		premium	share capital	Accumulated
	Share capital	reserve	into Euro	losses	Total
	€	€	€	€	€
Balance as at 1 January 2018	499.392	807.523	12.565	(1.902.561)	(583.081)
Comprehensive losses Loss for the period	-	-	-	(111.809)	(111.809)
Balance as at 30 June 2018	499.392	807.523	12.565	(2.014.370)	(694.890)
Balance as at 1 January 2019	499.392	807.523	12.565	(2.342.109)	(1.022.629)
Comprehensive losses Loss for the period	-	-	-	(120.097)	(120.097)
Balance as at 30 June 2019	499.392	807.523	12.565	(2.462.206)	(1.142.726)

	Half year ended
	30 June
	2019	2018
	€	€
Cash flow from operations
Loss before taxation	(120.097)	(111.809)
Adjustments for:
Depreciation of property and equipment	-	-
Fair value loss in financial assets at fair value through profit or loss	-	-
Credit interest	(24.693)	(24.722)
Debit interest	118.935	113.148
	(25.855)	(23.383)
Changes in working capital:
Stocks	-	-
Trade and other receivables	(6.518)	(2.870)
Other creditors	7.699	1.453

Cash used for operations	(24.774)	(24.800)
Taxation paid	-	-

Net cash for operations	(24.774)	(24.800)

Cash flow from investing activities
Proceeds from loan repayments to affiliated parties	-	-

Interest received	24.693	24.722

Net cash from investing activities	24.693	24.722

Cash flow from financing activities
(Payments)/proceeds from borrowings – net	-	-
Interest paid	-	-

Net cash from financing activities	-	-

Net (decrease)/increase in cash and cash equivalents	(81)	(78)
Cash and cash equivalents at beginning of period	1.427	1.508

Cash and cash equivalents at end of period	1.346	1.430