Approval of the Interim Condensed Consolidated Financial Statements for the six month period ended 30th June 2022

Sep 29, 2022 at 10:00 PM UTC · Issued by K+g Complex Public Company Ltd

K+G COMPLEX PUBLIC COMPANY LIMITED

Interim Condensed Consolidated Financial Statements

For the period from 1 January 2022 to 30 June 2022

K + G Complex Public Company Limited

Interim Condensed Consolidated Income Statement and other Comprehensive Income for the period from 1 January 2022 to 30 June 2022

	30 June	30 June
	2022	2021
	Unaudited	Unaudited
	€000	€000
Revenue	-	12.700
Cost of sales	-	(3.532)
	__________	__________
Gross profit	-	9.168
Administrative expenses	(128)	(221)
Selling and marketing expenses	-	(280)
Other income	94	111
	__________	__________
Operating (loss)/profit	(34)	8.777
Finance cost	-	(147)
Share of profit of investment in associates	351	645
	__________	__________
Profit before tax	317	9.275
Tax	-	-
	__________	__________
Profit for the period	317	9.275
	__________	__________
Other comprehensive income
Share of reserves of associates	(1)	-
	__________	__________
Total comprehensive income for the period	316	9.275
	==========	==========
Profit per share attributable to Company's shareholders
(cent per share):
- Basic and fully diluted	0,25	7,21
	==========	==========

(1)

K + G Complex Public Company Limited

Interim Condensed Consolidated Balance Sheet at 30 June 2022

	30 June	31 December
	2022	2021
	Unaudited	Audited
	€000	€000
Assets
Non-current assets
Property, plant and equipment	13	18
Investments in associates	103.900	103.550
	___________	___________
	103.913	103.568
	___________	___________
Current assets
Inventories	300	300
Financial assets at amortised cost	8.514	8.402
Tax refundable	15	10
Cash and cash equivalents	2.226	2.388
	___________	___________
	11.055	11.100
	___________	___________
Total Assets	114.968	114.668
	===========	===========
Equity and liabilities
Capital and reserves
Share Capital	21.860	21.860
Share Premium	1.757	1.757
Reserve of changes in equity of associates	536	537
Reserve arising on translation of share capital into Euro	86	86
Retained Earnings	90.263	89.939
	___________	___________
Total Equity	114.502	114.178
	___________	___________
Current liabilities
Trade and other payables	466	490
	___________	___________
	466	490
	___________	___________
Total Liabilities	466	490
	___________	___________
Total Equity and Liabilities	114.968	114.668
	===========	===========

(2)

K + G Complex Public Company Limited

Interim Condensed Consolidated statement of changes in equity for the period from 1 January 2022 to 30 June 2022

			Reserve
			arising on	Reserve of
			translation of	changes in
	Share	Share	share capital	equity of	Retained
	capital	premium	into Euros	associates	earnings	Total
	€000	€000	€000	€000	€000	€000
Balance at 1 January 2021	21.860	1.757	86	609	80.136	104.448
	_________	_________	_________	__________	_________	_________
Profit for the period	-	-	-	-	9.275	9.275
	_________	_________	_________	__________	_________	_________
Other comprehensive income
Share of reserves of associates	-	-	-	-	-	-
	_________	_________	_________	__________	_________	_________
Total other comprehensive income	-	-	-	-	-	-
	_________	_________	_________	__________	_________	_________
Total Comprehensive Income for the
period	-	-	-	-	9.275	9.275
	_________	_________	_________	__________	_________	_________
Balance at 30 June 2021
(unaudited)	21.860	1.757	86	609	89.410	113.722
	=========	=========	=========	==========	=========	=========
Balance at 1 January 2022	21.860	1.757	86	537	89.939	114.178
Readjustment on opening balance	-	-	-	-	7	7
	_________	_________	_________	__________	_________	_________
Readjusted new balance	21.860	1.757	86	537	89.946	114.186
	_________	_________	_________	__________	_________	_________
Profit for the period	-	-	-	-	317	317
	_________	_________	_________	__________	_________	_________
Other Comprehensive Income
Share of reserves of associates	-	-	-	(1)	-	(1)
	_________	_________	_________	__________	_________	_________
Total other comprehensive income	-	-	-	(1)	-	(1)
	_________	_________	_________	__________	_________	_________
Total Comprehensive Income for the
period	-	-	-	(1)	317	316
	_________	_________	_________	__________	_________	_________
Balance at 30 June 2022
(unaudited)	21.860	1.757	86	536	90.263	114.502
	=========	=========	=========	==========	=========	=========

(3)

K + G Complex Public Company Limited

Interim Condensed Consolidated statement of cash flows for the period from 1 January 2022 to 30 June 2022

	30 June	30 June
	2022	2021
	Unaudited	Unaudited
	€000	€000
Cash flows from operating activities
Cash (used in)/from operations	(150)	14.705
	_________	_________
Net cash (used in)/from operating activities	(150)	14.705
	_________	_________
Cash flows from investing activities
Proceeds from repayment of loans from related parties	-	60
Loans granted to related parties	(12)	(5)
	__________	__________
Net cash (used in)/from investing activities	(12)	55
	__________	__________
Cash flows from financing activities
Repayments of bank loans	-	(9.631)
Interest paid	-	(147)
	__________	__________
Net cash used in financing activities	-	(9.778)
	__________	__________
Net (decrease)/increase in cash and cash equivalents overdrafts	(162)	4.983
Cash and cash equivalents at the beginning of the period	2.388	65
	__________	__________
Cash and cash equivalents at the end of the period	2.226	5.068
	==========	==========

(4)

Company analysis