ARGO Properties N : Report on the Financial Statements for 2022

ARGO PROPERTIES N.V

Amsterdam, the Netherlands

Report on the

Financial Statements for 2022

In thousands of EUROS

ARGO PROPERTIES N.V.

Report on the financial statements 2022

Contents

Financial Statements
Management report	3
Balance Sheet as at 31 December 2022	4
Profit and Loss Account for the period from the year 2022	5
Statment of changes in Equity	6-7
Notes to the financial statements for 2022	8-18

unaudited

i

ARGO PROPERTIES N.V.

Report on the financial statements 2022

Financial statements

unaudited

2

ARGO PROPERTIES N.V.

Report on the financial statements 2022

Management report

Section 2:396(7) of the Netherlands Civil Code provides an exemption with respect to the preparation and inclusion of a management report as part of the financial statements.

unaudited

3

ARGO PROPERTIES N.V.

Report on the financial statements 2022

Balance Sheet as (per) 31 December 2022 and 2021

	December 31,
	2022	2021
	Euros in		thousands
Non-current assets:
Investment in investees	392,217	308,985
Deferred taxes	-		73
	392,217	309,058
Current assets:
Cash and cash equivalents	14,993	18,917
Cash in trust	11,359	15,159
Bank depsoit	10,000	-
Other receivables	1,160	94
Financial assets	96		-
	37,608	34,170
Total assets	429,825	343,228
Equity
Share Capital	181	181
Premium on Shares	221,012	221,012
Share based payment capital reserve	3,637	1,650
Legal reserve subsidiairies	131,727	110,652
Retained earnings	14,730		8,530
	371,287	342,025
Current Liabilities
Accounts payable	1,034	1,203
Non-Current Liabilities
Loan from financial institustion	56,966	-
Deferred taxes	538	-
	57,504	-
Total equity and liabilities	429,825		343,228

unaudited

4