BriQ Properties R.E.I.C.
INTERIM FINANCIAL REPORT
For the period from January 1s t to September 30t h, 2022
BriQ Properties R.E.I.C.
S.A.Reg.No. 140330201000
Al.Pantou 25, Kallithea
November 2022
Interim condensed financial information for the period ended 30 September 2022 (Amounts presented in thousand € except otherwise stated)
CONTENT | ||
COMPANY AND CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | ||
COMPANY STATEMENT OF CHANGES IN EQUITY | 5 | |
GROUP CASH FLOW STATEMENT | 6 | |
COMPANY CASH FLOW STATEMENT | 7 | |
NOTES ON THE FINANCIAL STATEMENTS | 8 | |
1. General Information | 8 | |
2. Principles for the preparation of Interim Condensed Financial Information | 8 | |
3. Significant accounting estimates and judgments of the Management | 10 | |
4. Segment Reporting | 10 | |
5. Investment Property | 12 | |
6. Acquisition of Subsidiaries | 14 | |
7. Trade and other receivables | 14 | |
8. Cash and cash equivalents | 15 | |
9. Share Capital and purchase of treasury shares | 15 | |
10. Borrowings | 15 | |
11. Trade and other payables | 16 | |
12. | Direct property related expenses | 16 |
13. | Single Property Tax (ENFIA) | 17 |
14. Other operating expenses | 17 | |
15. | Financial income and costs | 17 |
16. Taxes | 18 | |
17. | Dividends per share | 18 |
18. | Earnings per share | 18 |
19. | Contingent Liabilities | 18 |
20. | Contingent Liabilities | 19 |
21. | Related party transactions | 19 |
22. | Events after the end of the reporting period | 20 |
Interim condensed financial information for the period ended 30 September 2022 (Amounts presented in thousand € except otherwise stated)
Company and Consolidated Statement of Financial Position
Group | Company | ||||||||
Note | 30.09.2022 | 31.12.2021 | 30.09.2022 | 31.12.2021 | |||||
ASSETS | |||||||||
Non-current assets | |||||||||
Investment Property | 5 | 129.355 | 120.768 | 88.789 | 86.080 | ||||
Investment in subsidiaries | 6 | - | - | 31.890 | 31.890 | ||||
Property Plant and equipment | 1.585 | 1.339 | 1.457 | 1.201 | |||||
Right of Use Assets | 33 | 22 | 33 | 22 | |||||
Trade and other receivables | 7 | 965 | 684 | 579 | 299 | ||||
131.938 | 122.813 | 122.748 | 119.492 | ||||||
Current assets | |||||||||
Trade and other receivables | 7 | 1.681 | 1.312 | 1.427 | 868 | ||||
Cash and cash equivalents | 8 | 4.678 | 4.277 | 1.758 | 2.483 | ||||
6.359 | 5.589 | 3.185 | 3.351 | ||||||
Total assets | 138.297 | 128.402 | 125.933 | 122.843 | |||||
SHAREHOLDERS' EQUITY AND | |||||||||
LIABILITIES | |||||||||
Shareholders' equity | |||||||||
Share capital | 9 | 75.106 | 75.106 | 75.106 | 75.106 | ||||
Treasury shares | (644) | (598) | (644) | (598) | |||||
Reserves | 1.539 | 1.539 | 1.453 | 1.453 | |||||
Retained earnings | 18.222 | 13.212 | 13.581 | 11.708 | |||||
Total equity attributable to the | |||||||||
94.223 | 89.259 | 89.496 | 87.669 | ||||||
shareholders of the Parent company | |||||||||
Non-controlling interests | 7.006 | 6.391 | - | - | |||||
Total Equity | 101.229 | 95.649 | 89.496 | 87.669 | |||||
LIABILITIES | |||||||||
Non-current liabilities | |||||||||
Borrowings | 10 | 32.597 | 28.575 | 32.597 | 28.508 | ||||
Retirement benefit obligations | 11 | 10 | 11 | 10 | |||||
Government grants | - | 3 | - | - | |||||
Lease liability | 21 | 17 | 21 | 16 | |||||
Trade and other payables | 11 | 893 | 434 | 893 | 434 | ||||
33.522 | 29.039 | 33.522 | 28.968 | ||||||
Current liabilities | |||||||||
Trade and other payables | 11 | 785 | 2.004 | 628 | 5.063 | ||||
Current tax liabilities | 77 | 126 | 53 | 45 | |||||
Lease liabilities | 13 | 6 | 13 | 6 | |||||
Borrowings | 10 | 2.671 | 1.578 | 2.221 | 1.092 | ||||
3.546 | 3.714 | 2.915 | 6.206 | ||||||
Total liabilities | 37.068 | 32.753 | 36.437 | 35.174 | |||||
Total shareholders' equity and | |||||||||
138.297 | 128.402 | 125.933 | 122.843 | ||||||
liabilities | |||||||||
The notes on pages 9 to 20 constitute an integral part of these Interim Financial Statements for the period ended on September 30,2022.
2
Interim condensed financial information
for the period ended 30 September 2022
(Amounts presented in thousand € except otherwise stated)
Company and Consolidated Statements of Profit or Loss and other Comprehensive Income
Group | Company | |||||||||
01.01.2022 | 01.01.2021 | 01.01.2022 | 01.01.2021 | |||||||
Note | to | to | to | to | ||||||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | |||||||
Rental Income | 5.881 | 4.400 | 3.942 | 2.634 | ||||||
5.881 | 4.400 | 3.942 | 2.634 | |||||||
Net gain/(loss) from fair value | ||||||||||
adjustments on investment | 5 | 5.031 | 2.092 | 2.370 | 1.801 | |||||
property | ||||||||||
Direct property related expenses | 12 | (241) | (196) | (172) | (162) | |||||
Property Tax | 13 | (703) | (643) | (473) | (372) | |||||
Employee benefit expenses | (328) | (280) | (328) | (280) | ||||||
Other operating expenses | 14 | (469) | (291) | (442) | (255) | |||||
Depreciation and amortization | (43) | (23) | (33) | (12) | ||||||
Other profit / (loss) net | 23 | 1 | 404 | (1) | ||||||
Operating profit | 9.153 | 5.060 | 5.269 | 3.353 | ||||||
Financial income - net | 15 | (642) | (527) | (640) | (523) | |||||
Profit/ (Loss) before tax | 8.511 | 4.533 | 4.630 | 2.830 | ||||||
Corporate tax | 16 | (145) | (95) | (101) | (61) | |||||
Profit/ (Loss) for the year | 8.366 | 4.438 | 4.529 | 2.769 | ||||||
Attributable to the: | ||||||||||
Shareholders of the Company | 7.645 | 4.125 | 4.529 | 2.796 | ||||||
Shareholders of non-controlling | 720 | 313 | - | - | ||||||
interests | ||||||||||
8.366 | 4.438 | 4.529 | 2.769 | |||||||
Other Comprehensive Income: | ||||||||||
Items that may be reclassified to | ||||||||||
18 | 0,2159 | 0,1165 | 0,1279 | 0,0782 | ||||||
profit / loss | ||||||||||
The notes on pages 9 to 20 constitute an integral part of these Interim Financial Statements for the period ended on September 30,2022.
3
Interim condensed financial information
for the period ended 30 September 2022
(Amounts presented in thousand € except otherwise stated)
Group Statement of changes in Equity
Balance January 1st, 2021
Profit/(Losses) for the period
Total comprehensive income for the period
Purchase of treasury shares Dividend relating to 2020 approved by the shareholders
Acquisition of subsidiary
Legal reserve
Balance September 30th, 2021
Changes until December 31, 2021
Balance December 31st, 2021
Balance January 1st, 2022
Profit/(Losses) for the period
Total comprehensive income for the period
Purchase of treasury shares
Return from capital raising expenses Dividend relating to 2021 from a subsidiary company of the Group Dividend relating to 2021 approved by the shareholders
Balance September 30th, 2022
Group | ||||||
Share | Treasury | Retained | Non | Total | ||
Note | Reserves | Controlling | ||||
Capital | shares | Earnings | Equity | |||
interest | ||||||
75.106 | (455) | 1.307 | 8.058 | 6.118 | 90.134 | |
- | - | - | 4.125 | 313 | 4.438 | |
- | - | - | 4.125 | 313 | 4.438 | |
- | (169) | - | - | - | (169) | |
17 | - | - | - | (2.124) | - | (2.124) |
- | - | - | (265) | - | (265) | |
- | - | 16 | (16) | - | - | |
75.106 | (624) | 1.323 | 9.777 | 6.431 | 92.013 | |
- | 26 | 216 | 3.435 | (40) | 3.637 | |
75.106 | (598) | 1.539 | 13.212 | 6.391 | 95.650 | |
75.106 | (598) | 1.539 | 13.212 | 6.391 | 95.650 | |
- | - | - | 7.645 | 720 | 8.366 | |
- | - | - | 7.645 | 720 | 8.366 | |
- | (46) | - | - | - | (46) | |
- | - | - | 21 | - | 21 | |
17 | - | - | - | - | (106) | (106) |
- | - | - | (2.657) | - | (2.657) | |
75.106 | (644) | 1.539 | 18.222 | 7.006 | 101.229 | |
The notes on pages 9 to 20 constitute an integral part of these Interim Financial Statements for the period ended on September 30,2022.
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BriQ Properties REIC published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 11:01:02 UTC.