CAIRO MEZZ PLC CAIRO MEZZ PLC
REPORT AND INTERIM FINANCIAL STATEMENTS
Six months ended 30 June 2022
CAIRO MEZZ PLC
REPORT AND INTERIM FINANCIAL STATEMENTS
Six months ended 30 June 2022
CONTENTS | PAGE |
Report for the six months ended 30 June 2022 | 1 |
Statement of profit or loss and other comprehensive income | 2 |
Statement of financial position | 3 |
Statement of changes in equity | 4 |
Cash flow statement | 5 |
Notes to the interim financial statements | 6 - 8 |
CAIRO MEZZ PLC
REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2022
On 27 September 2022 the Board of Directors of Cairo Mezz Plc approved the financial results of the Company for the first half of the year 2022.
Review of current position, and performance of the Company's business
The Company holds mezzanine notes and junior notes.
The mezzanine notes bear interest rate at Euribor 3m+5% and the junior notes bear interest rate at Euribor 3m+8%.
On the issuance of the notes, a Priority of Payments Schedule ("Waterfall") was established, which are settled on a quarterly basis. Based on this schedule, the repayments regarding the mezzanine and junior notes are the last ones in the order of priority.
Until today, the Company has not received any interest in relation to the notes it holds. Therefore, as expected, the Company did not record any revenues in the first half of the year ended 30 June 2022.
Future developments of the Company
The Board of Directors does not expect any significant changes or developments in the operations, financial position and performance of the Company in the foreseeable future.
Related party transactions
Disclosed in note 5 of the financial statements.
1
CAIRO MEZZ PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Six months ended 30 June 2022
1/1/2022- | 1/1/2021- | |||
30/6/2022 | 30/6/2021 | |||
Note | € | € | ||
Administration expenses | 2 | (160.409) | (140.954) | |
Finance costs | 3 | (1.514) | - | |
Loss before tax | (161.923) | (140.954) | ||
Tax | - | - | ||
Net loss for the period | (161.923) | (140.954) | ||
Other comprehensive income | - | - | ||
Total comprehensive expense for the period | (161.923) | (140.954) | ||
Loss per share attributable to equity holders of the company (cent) | ||||
From continuing operations | (0,05) | (0,05) | ||
Loss per share attributable to equity holders of the company (cent) | (0,05) | (0,05) | ||
The notes on pages 6 to 8 form an integral part of these financial statements. 2
CAIRO MEZZ PLC
STATEMENT OF FINANCIAL POSITION
30 June 2022
30 June 31 December | |||||
2022 | 2021 | ||||
Note | € | € | |||
ASSETS | |||||
Non-current assets | |||||
Financial assets at fair value through profit or loss | 4 | 56.958.000 | 56.958.000 | ||
Total non-current assets | 56.958.000 | 56.958.000 | |||
Current assets | |||||
Trade and other receivables | 23.307 | 17.670 | |||
Cash at bank | 893.437 | 1.135.101 | |||
Total current assets | 916.744 | 1.152.771 | |||
Total assets | 57.874.744 | 58.110.771 | |||
EQUITY AND LIABILITIES | |||||
Equity | |||||
Share capital | 30.909.683 | 30.909.683 | |||
Share premium | 26.582.327 | 26.582.327 | |||
Retained earnings | 202.004 | 363.927 | |||
Total equity | 57.694.014 | 57.855.937 | |||
Current liabilities | |||||
Trade and other payables | 180.730 | 254.834 | |||
Total current liabilities | 180.730 | 254.834 | |||
Total equity and liabilities | 57.874.744 | 58.110.771 | |||
The notes on pages 6 to 8 form an integral part of these financial statements. 3
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Cairo Mezz plc published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 08:15:02 UTC.
