Iktinos Hellas S A Greek Marble Industry Technical and Touristic : Semi Annual Financial Report 2023

SEMI-ANNUAL FINANCIAL REPORT

PERIOD

1ST JANUARY TO 30TH JUNE 2023

According to article 5 of Law. 3556/2007 and the implementing decisions therefrom of the BOD of the Capital Market Commission

Metamorphosi, 28 September 2023

IKTINOS HELLAS S.A.

GREEK MARBLE INDUSTRY TECHNICAL AND TOURIST COMPANY

SA Register Number 2304/06 / B / 86/53

7 LYKOVRYSIS, 14452 METAMORPHOSI ATTICA

Tel. [phone] Fax. [phone]

E-mail: info@iktinos

www.iktinos.gr

	CONTENTS
1.	STATEMENTS OF THE BOARD OF DIRECTORS MEMBERS	4
(according to article 5 § 2 of Law 3556/2007)	4
2.	INDEPENDENT AUDITOR'S REVIEW REPORT	5

3. SEMI-ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE COMPANY AND CONSOLIDATED FINANCIAL STATEMENTS OF IKTINOS HELLAS S.A. FOR THE PERIOD 1/1-

30/6/2023

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4. CONDENSED INTERIM CORPORATE AND CONSOLIDATED FINANCIAL STATEMENTS

FOR SEMESTER 01/01 - 30/06/2023	19
4.1	Condensed Statement of Total Income for the 1st Semester	20
4.2	Condensed Statement of Financial Position	21
4.4	Condensed Statement of Parent Company Equity Changes	23
4.5	Condensed Cash Flow Statement (indirect method)	24

5. NOTES ON THE INTERIM FINANCIAL STATEMENTS FOR THE PERIOD 01/01 -

30/06/2023	25
5.1	General Information	25
5.2	Nature of activities	25
5.3	Participation in other companies	26
5.4	Basis for the preparation of interim Financial Statements	28
5.4.1	Amendments to Accounting Principles	29
5.4.1.1	New Standards, Interpretations, Revisions and Amendments to existing Standards
that are effective and have been adopted by the European Union	29

5.4.1.2 New Standards, Interpretations, Revisions and Amendments of existing Standards

which are not yet in force and have not been adopted by the European Union	31
6.	RISK MANAGEMENT	34
7.	GROUP STRUCTURE AND COMPANY CONSOLIDATION METHOD	37
7.1 CHANGES IN THE GROUP'S STRUCTURE	37
8.	ENCUMBRANCES	39
9.	CONTIGENT RECEIVABLES - LIABILITIES	40
10.	FINANCIAL INFORMATION PER SECTOR	41
11.	CHANGES IN TANGIBLE, INTANGIBLE ASSETS AND REAL ESTATE INVESTMENT	43
12.	LOAN LIABILITIES	46
13.	LEASE LIABILITIES	46
14.	SALES	47
Semi-annual Financial Report for the period 01 January to 30 June 2023	2

15.	INCOME TAX	47
16.	PROFITS PER SHARE	47
17.	FINANCIAL ASSETS AND LIABILITIES	48
18.	DIVIDEND DISTRIBUTION	51
19.	TRANSACTIONS WITH RELATED PARTIES	52
20.	MANAGEMENT BENEFITS	52
21.	NUMBER OF EMPLOYEES	53
22.	EVENTS AFTER THE DATE OF THE FINANCIAL STATEMENTS REPORT	53

Semi-annual Financial Report for the period 01 January to 30 June 2023

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1. STATEMENTS OF THE BOARD OF DIRECTORS MEMBERS (according to article 5 § 2 of Law 3556/2007)

The members of the Board of Directors of IKTINOS HELLAS SA

1. Haidas Evangelos of Nikolaos, resident of Athens, 52 Alkiviadou Str., Chairman of the Board of Directors and Managing Director.
2. Haida Ioulia of Evangelos, resident of Dionysos, 13 Lyaiou Str., Vice Chairman of the Board of Directors.
3. Haida Anastasia of Evangelos, resident of Dionysos, 13 Lyaiou Str., Member of the Board of Directors.

In our above capacity, specifically designated by the Board of Directors of the Société Anonyme under the name "IKTINOS HELLAS S.A." (the "Company"), we hereby declare and certify that to the best of our knowledge:

1. prepared in accordance with the applicable International Financial Reporting Standards (IFRS), as adopted by the European Union and applied in the Interim Financial Reporting (International Accounting Standard 34), accurately reflect assets and liabilities, net position as of 30/06/2023 and the profit/loss account of the Company for the first half of 2023 as well as the undertakings included in the consolidation taken as a whole, in accordance with paragraphs 3 to 5 of Law. 3556/2007 and the delegated decisions of the Board of Directors of the Capital Market Commission,
2. The Board of Directors' semi-annual report accurately reflects the information required in accordance with paragraph 6 of Article 5 of Law 3556/2007 and the delegated decisions of the Board of Directors of the Capital Market Commission.

Metamorphosi, Attica, 28 September 2023

	The Certifiers,
The Chairman of the Board of Directors	The members designated by the Board of Directors
& Managing Director
Haidas Evangelos	Ioulia Haida	Anastasia Haida
ID no. ΑΕ 079957	ID no. ΑΝ 685224	ID no. ΑΝ 674657

Semi-annual Financial Report for the period 01 January to 30 June 2023

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2. INDEPENDENT AUDITOR'S REVIEW REPORT

To the Board of Directors of "IKTINOS HELLAS SOCIETE ANONYME"

Review Report on Interim Financial Information

Introduction

We have reviewed the accompanying condensed separate and consolidated statement of financial position of IKTINOS HELLAS SOCIETE ANONYME as of 30 June 2023 and the related separate and consolidated condensed income statement and statement of comprehensive income, statements of changes in equity and cash flows for the six-month period then ended, and the selected explanatory notes that comprise the interim condensed financial information, which forms an integral part of the six-month financial report under Law 3556/2007.

Management is responsible for the preparation and fair presentation of this interim condensed financial information in accordance with the International Financial Reporting Standards as adopted by the European Union and apply for interim financial reporting (International Accounting Standard "IAS 34"). Our responsibility is to express a conclusion on these interim condensed financial statements based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Auditing Standards as incorporated into the Greek Law and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with IAS 34.

Report on Other Legal and Regulatory Requirements

Based on our review, we did not identify any material misstatement or error in the representations of the members of the Board of Directors and the information included in the six-month Board of Directors Management Report, as required under article 5 and 5a of Law 3556/2007, in respect of condensed separate and consolidated financial information.

Athens, 28 September 2023

The Certified Auditor Accountant

Nikos Ioannou

SOEL Reg. 29301

Semi-annual Financial Report for the period 01 January to 30 June 2023

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