Barcino Property SOCIMI S A : Free Translation Annual Accounts 2022

Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). In the event of a discrepancy, the Spanish-language version prevails

Barcino Property SOCIMI S.A.

Financial Statements for the year

ended 31 December 2022

and Directors' Report

Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). In the event of a

discrepancy, the Spanish-language version prevails

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Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). In the event of a discrepancy, the Spanish-language version prevails

BARCINO PROPERTY SOCIMI, S.A.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR 2022

(in euros)

STATEMENT OF PROFIT OR LOSS	Note	2022	2021
1. Revenue		2,015,993.61	1,694,197.99
Real estate leases	Note 14.1	2,015,993.61	1,694,197.99
5. Other operating income		13,633.16	17,793.20
a) Other operating income		13,633.16	17,793.20
6. Staff costs		(151,583.95)	(131,030.11)
a) Wages, salaries and similar expenses		(120,128.85)	(105,908.14)
b) Employee benefit costs	Note 14.2	(31,455.10)	(25,121.97)
7. Other operating expenses		(1,765,282.83)	(2,062,184.78)
a) Outside services	Note 14.3	(1,625,433.52)	(1,861,186.06)
b) Taxes	Note 14.3	(118,517.71)	(186,976.57)
c) Losses, impairment and changes in trade provisions		(14,465.10)	(7,559.82)
d) Other current operating expenses		(6,866.50)	(6,462.33)
8. Depreciation and amortisation charge	Note 5	(648,079.30)	(671,216.37)
10. Excess provisions	Note 1	5,086.09	11,978.00
11. Impairment and gains or losses on disposals of non-current assets		(286.43)	2,577,201.73
b) Gains or losses on disposals and other		(286.43)	2,577,201.73
12. Other income and expenses		(12,941.54)	(834.90)
PROFIT/(LOSS) FROM OPERATIONS		(543,461.19)	1,435,904.76
13. Finance income		18.91	33.42
From marketable securities and other financial instruments		18.91	33.42
From third parties		18.91	33.42
14. Finance costs		(362,048.53)	(653,278.67)
On debts with third parties		(362,048.53)	(653,278.67)
FINANCIAL LOSS		(362,029.62)	(653,245.25)
PROFIT/(LOSS) BEFORE TAX		(905,490.81)	782,659.51
Income tax	Note 13	0.00	0.00
PROFIT/(LOSS) FROM CONTINUING OPERATIONS		(905,490.81)	782,659.51
PROFIT/(LOSS) FOR THE YEAR		(905,490.81)	782,659.51

The accompanying Notes 1 to 18 are an integral part of the statement of profit or loss for the year ended 31 December 2022.

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Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). In the event of a discrepancy, the Spanish-language version prevails

BARCINO PROPERTY SOCIMI, S.A.

STATEMENT OF CHANGES IN EQUITY

1. STATEMENT OF RECOGNISED INCOME AND EXPENSE
   (in euros)

	2022	2021
PROFIT/(LOSS) AS PER STATEMENT OF PROFIT OR LOSS (I)	(905,490.81)	782,659.51
TOTAL INCOME AND EXPENSE RECOGNISED DIRECTLY IN EQUITY (II)	0	0
TOTAL TRANSFERS TO STATEMENT OF PROFIT OR LOSS (III)	0	0
TOTAL RECOGNISED INCOME AND EXPENSE (I+II+III)	(905,490.81)	782,659.51
The accompanying Notes 1 to 18 are an integral part of the statement of recognised income and expense for the year ended 31 December 2022.

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Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Note 2). In the event of a discrepancy, the Spanish-language version prevails

BARCINO PROPERTY SOCIMI, S.A.

STATEMENT OF CHANGES IN EQUITY

1. STATEMENT OF CHANGES IN TOTAL EQUITY FOR THE YEAR 2022
   (in euros)

	Registered		Legal		(Treasury	Profit/(loss)	Other capital	Profit/(loss) for
	Share premium	Other reserves	from previous	TOTAL
	capital	reserve	shares)	contributions	the year
			years
A. BALANCE AT 31 DECEMBER 2020	21,560,168.00	5,013,858.88		7,269.95	(67,473.66)	(5,586,376.74)	1.58	(1,470,736.10)	19,456,711.91
Total recognised income and expense	-	-		-	-	-	-	782,659.51	782,659.51
Share capital increase	2,963,942.00	1,333,773.90		-	-	-	-	-	4,297,715.90
Treasury share transactions	-	-		(56.58)	(15,000.00)	-	-	-	(15,056.58)
Allocation of 2020 profit/(loss)	-	-		-	-	(1,470,736.10)	-	1,470,736.10	0.00
B. BALANCE AT 31 DECEMBER 2021	24,524,110.00	6,347,632.78	0.00	7,213.37	(82,473.66)	(7,057,112.84)	1.58	782,659.51	24,522,030.74
Total recognised income and expense	-	-		-	-	-	-	(905,490.81)	(905,490.81)
Distribution of 2021 profit	-	-	78,265.95	-	-	704,393.55	-	(782,659.50)	0.00
Share capital increase	-	-		-	-	-	-	-	0.00
Treasury share transactions	-	-				-	-	-	0.00
C. BALANCE AT 31 DECEMBER 2022	24,524,110.00	6,347,632.78	78,265.95	7,213.37	(82,473.66)	(6,352,719.29)	1.58	(905,490.80)	23,616,539.93
	The accompanying Notes 1 to 18 are an integral part of the statement of changes in total equity for the year 2022.

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