Entersoft S A : GROUP INTERIM CONDENSED FINANCIAL STATEMENTS 30.06.2021 (28/07/2021)

ENTERSOFT S.A.

Companies Register No.: 52460/01NT/B/02/200

G.E.MI. No.: 122264001000

Registered Office: 362, Syngrou Ave. & Evripidou 17674 Kallithea

FINANCIAL DATA AND INFORMATION FOR THE PERIOD

from 1 JANUARY 2021 to 30 JUNE 2021

The following data and information deriving from the Financial Statements aim to provide a general overview for the financial position and the results of operations of "ENTERSOFT S.A.". Therefore, it is recommended, the reader before making any investment decision or proceeding to any transaction with the Company, to obtain the necessary information from the website, where the Financial Statements are available, together with the auditors' report.

		COMPANY INFORMATION								1.2. DATA FROM STATEMENT OF COMPREHENSIVE INCOME (Consolidated and Separate)
Competent Authority	: Hellenic Republic Athens Chamber of Commerce				(Amounts expressed in Euro)
		and Industry G.E.MI. Service									GROUP		COMPANY
Company's Website	: www.entersoft.gr
Composition of the Board of Directors	:	Name				Position on the Board & Capacity					1.1.-30.06.2021	1.1.-30.06.2020	1.1.-30.06.2021	1.1.-30.06.2020
		Pantelis Nikolopoulos				Chairman, Non-executive member
		Antonios Kotzamanidis				Managing Director, Executive member	Revenue	12.575.003	8.026.560	8.167.712	6.152.831
		Konstantinos Dimitrakopoulos	Vice Chairman, Executive member	Gross profit	7.895.541	5.389.246	5.300.714	4.165.240
		Charalampos Avratoglou	Executive member				Earnings before interest and taxes (EBIT)	4.288.669	2.703.022	2.530.969	1.871.560
		Stavros Menegos				Executive member				Profit before tax	4.159.216		2.617.896		2.987.771		1.803.625
		Aikaterini Papachristopoulou	Executive member				Profit for the period net of tax (A)	3.328.543	2.024.778	2.485.237	1.319.606
		Marika Lamprou				Independent non-executive member	Other comprehensive income net of tax (Β)	7.832		14.699
		Aikaterini Pramatari				Independent non-executive member	Total comprehensive income net of tax (Α)+(Β)	3.336.375	2.039.476	2.485.237	1.319.606
		Georgios Xerogiannis				Independent non-executive member	Profit net of tax attributable to:
Date of Approval by the Board of Directors														- Owners of the parent	3.318.466	2.016.564	2.485.237	1.319.606
of the Financial Statements	:	27 July 2021											- Non-controlling interests	10.077		8.214
Certified Auditor	:	Dimitrios Tanos												3.328.543	2.024.778	2.485.237	1.319.606
Audit Firm	:	KPMG Certified Auditors SA								Total comprehensive income attributable to:
Type of Auditor's Report	:	Unqualified											- Owners of the parent	3.326.298	2.031.263	2.485.237	1.319.606
														- Non-controlling interests	10.077		8.214
1.1. DATA FROM STATEMENT OF FINANCIAL POSITION 30-06-2021(01/01-30/06/2021)(Consolidated and Separate)					3.336.375	2.039.476	2.485.237	1.319.606
		(Amounts expressed in Euro)								Basic and diluted earnings per share (in €)	0,1106	0,0701	0,0828	0,0459
				GROUP		COMPANY
		30.06.2021	31.12.2020	30.06.2021			31.12.2020			Earnings before interest, tax and depreciation-amortisation (EBITDA)	5.273.560	3.386.089	3.237.076	2.523.761
ASSETS
Property, plant and equipment		2.972.459	2.517.911	2.332.938			2.222.184			1.3. DATA FROM STATEMENT OF CHANGES IN EQUITY (Consolidated and Separate)
Intangible assets		5.728.419	6.103.282	2.469.643			2.701.280			(Amounts expressed in Euro)
Goodwill		2.633.080	2.152.017									GROUP		COMPANY
Investments in subsidiaries							6.861.960			6.158.210
Other non-current assets		138.160	114.291	459.710			461.878				30.06.2021	31.12.2020	30.06.2021	31.12.2020
Trade receivables		8.554.450	7.192.436	6.410.358			6.112.479			Opening Equity
Other current assets			8.295.007			8.097.896		5.542.414			5.829.345			(01.01.2021 and 01.01.2020 respectively)	16.513.009	10.733.441	16.060.064	10.802.432
TOTAL ASSETS		28.321.574	26.177.833	24.077.022			23.485.375
EQUITY AND LIABILITIES														Total comprehensive income	3.336.375	3.496.380	2.485.237	2.964.297
													Share capital increase		3.788.960			3.788.960
Share Capital		1.500.000	1.500.000	1.500.000			1.500.000			Share capital increase costs		-145.624			-145.624
Other components of equity			16.425.634			14.991.441		15.245.301			14.560.064			Acquisition of NCI	-123.750
Equity attributable to owners of the Company (a)		17.925.634	16.491.441	16.745.301			16.060.064			Dividend distribution	-1.800.000	-1.360.148	-1.800.000	-1.350.000
Non-controlling interests (b)						21.568								Closing Equity
Total equity (c) = (a) + (b)			17.925.634			16.513.009		16.745.301			16.060.064			(30.06.2021 and 31.12.2020 respectively)	17.925.634		16.513.009		16.745.301		16.060.065
Provisions/ Non-current liablities		3.092.292	4.060.728	1.991.462			3.113.313
Current liabilities			7.303.650			5.604.097		5.340.259			4.311.998
Total Liabilities (d)			10.395.942			9.664.825		7.331.721			7.425.312
TOTAL EQUITY AND LIABILITIES (c) + (d)		28.321.574	26.177.833	24.077.022			23.485.375			1.4. DATA FROM STATEMENT OF CASH FLOWS (consolidated and separate)
														(Amounts expressed in Euro)
														Indirect method	GROUP		COMPANY
1.5. ADDITIONAL DATA AND INFORMATION
															30.06.2021	30.06.2020	30.06.2021	30.06.2020
1. Group Structure. The Group companies with their respective addresses, participation percentages and consolidation method a re as follows:				Cash Flows from Operating Activities
			Profit before taxes	4.159.216	2.617.896	2.987.771	1.803.625
														Adjustments for:
Name - Address			Consolidation Method		Participation % Held by Parent		Depreciation and Amortisation	984.891	683.067	706.107	652.201
ENTERSOFT S.A.									Parent				Provisions	75.566	158.483	35.779	138.041
362, Syngrou Ave. and Evripidou Kallithea, Athens-Greece										Loss/(Gain) on valuation of financial assets at fair value through profit or lo	7.169			7.169
ENTERSOFT BULGARIA EOOD				Full Consolidation		100%					Depreciation of granted fixed assets		-39.302			-39.302
Evrotur Bisiness Center 12 Mihail Tenev 6th fl/21st Sofia-Bulgaria							Dividend income				-571.840
ENTERSOFT ROMANIA SOFTWARE SRL				Full Consolidation		100%					Interest income	-236	-3.557			-10.086
43 Polona St., 6th floor, Bucharest-Romania									Interest expense and similar charges	122.252	88.682	107.869	78.022
RETAIL-LINK S.A.				Full Consolidation		100%					Decrease / (increase) of Inventories	-34.330
362, Syngrou Ave. and Evripidou Kallithea, Athens-Greece							Decrease/(increase) of receivables	-585.186	276.302	-315.451	489.610
ENTERSOFT MIDDLE EAST FZ LLC -		IMPZ,		Full Consolidation		100%					(Decrease)/increase of payable accounts (except banks and taxes)	-881.674	-258.269	-158.733	-10.781
Publishing Pavilion , Office 220, P.O. BOX: 500424, Dubai UAE
Optimum S.A. Acharnon 457 & Thespieon Athens - Greece		Full Consolidation		100%					(Decrease)/increase of tax liabilities	-158.871	-197.974	-138.145	-189.440
WEDIA LTD,
Andrea Papandreou 27, Marousi				Full Consolidation		100%					Less:
Athens - Greece
														Interest expense and similar charges paid	-71.775	-49.479	-58.031	-39.893
2. There are no shares of the Company, which are held either by the parent either by subsidiaries at the end of the current period.
			Income tax paid	-204.112			-144.288
3. The Company and its subsidiary Retail-Link SA have obtained an unqualified tax compliance certificate from their statutory auditor with respect to its tax
obligations for the years ended 31 December 2011 to 2019. For the tax position of the Company and Retail-Link SA for the year ended 31 December 2020, the		Net cash flows generated from Operating Activities (a)	3.412.910	3.275.849	2.458.207	2.871.997
tax compliance assurance work from the statutory auditor is in progress. The management assesses that If additional tax liabilities arise until the completion of
the tax audit, it is estimated that these will not have a material effect on the Financial Statements. The tax obligations for the years 2011,2012,2013 and 2014
are considered as final in accordance with the Greek tax legislation. The Company's subsidiary Optimum S.A. has not received a tax compliance certificate		Cash Flows from Investing Activities
and has not been audited by the tax authorities for the all the fiscal years up to 2020. Optimum has booked a provision for its open tax years of Euro 143.000.
The Company's subsidiary WEDIA LTD has not received a tax compliance certificate and has not been audited by the tax authorities for the all the fiscal years
	Purchase of property,plant and equipment	-176.025	-63.840	-133.982	-42.940
up to 2020.
													Development expenses	-192.089	-335.897	-150.965	-296.814
If additional tax liabilities arise until the completion of the tax audit, it is estimated that these will not have a material effect on the Financial Statements.
		Acquisition of subsidiary (net of cash acquired in the Group)	-319.340			-500.000
Detailed analysis is presented in Note 10.22 of the Financial Statements..
										Interest received	236	3.557			10.086
4. The Interim Condensed Financial Statements of the Group and the Company for the period 1/1-30/6/2021 have been prepared in accordance with
		Dividends received				571.840
International Financial Reporting Standards (IFRS) that have been issued by the International Accounting Standards Board (IASB) and have been adopted by
the European Union (EU), as in detail referred to in note 6 to the Interim Condensed Financial Statements of the Group and the Company .				Acquisition of financial assets at fair value through profit or loss	-400.000				-400.000
5. There are no disputed or under arbitration cases of national or administrative courts that have a material impact on the f inancial position or operation of the			Net cash used in Investing Activities (b)	-1.087.218	-396.180	-613.108	-329.668
Company and the Group.
6. There are no real liens on the Company's assets.														Cash Flows from Financing Activities
7. Table of transactions with related parties as defined in IAS 24 (Amounts in €):											Proceeds from issue of share capital		3.788.960			3.788.960
														Dividend distribution	-1.800.000			-1.800.000
Amounts in €					30.06.2021								Payment of lease liabilities	-337.806	-249.293	-265.234	-241.954
Revenue				193.624								Share Capital increase expenses recognized directly in equity		-145.624			-145.624
Receivables				351.202								Increase/(decrease) of short-term borrowings	-204.625	-191.234	-204.625	-159.651
Benefits to directors and first-degree relatives				425.349								Acquisition of NCI	-123.750				-123.750
														Net cash from/(used in) Financing Activities (c)	-2.466.181	3.202.809	-2.393.609	3.241.731
8. Number of the employees as at 30.06.2021 was: Group 342 persons, Company 222 persons whereas as at 30.06.2020 was: Group 257 persons, Company	Net (decrease) /increase in cash
194 persons.														and cash equivalents for the period (a) + (b) + (c)	-140.490	6.082.478	-548.510	5.784.060
9. On 01.03.2021 the Parent Company enters dynamically in the field of software for eCommerce by acquiring all the total shares (100%) of the limited liability	Cash and cash equivalents at beginning of the period	7.184.337	2.788.582	5.189.723	1.837.662
company "WEDIA LTD". The total price amounted to five hundred thousand euros (EURO 500,000.00) and was fully paid in from the Company's cash and
Cash and cash equivalents at end of the period	7.043.848	8.871.060	4.641.213	7.621.722
cash equivalents.

10. On 18.05.2021 the Parent Company announces that it has acquired all of the minority stake in its subsidiary Retail Link from two individuals. Following the acquisition of minority shares, Retail-Link's sole shareholder is Entersoft.

	Kallithea, 27-07-2021
PANTELIS N. NIKOLOPOULOS	ANTONIOS N. KOTZAMANIDIS	NEKTARIA A. LIVANIOU
CHAIRMAN OF THE B. OF D.	MANAGING DIRECTOR	ACCOUNTING MANAGER
ID. No. AH 120205	ID. No. AE 223981	ID. No. AN 689070