Dromeas : (subsidiary KEM) Figures and Information for the period of 01/01/2022-31/12/2022

KALOUPIA - EXARTIMATA METALLOU - PLASTIKOU A.V.E.E.

Κ.Ε.Μ. Α.Β.Ε.Ε

S.A. Register Number (Αρ. Μ.Α.Ε.): 50951 / 59 / Β / 02 / 02 - General Commercial Registry Nr.: 113634752000

HEADQUARTERS: INDUSTRIAL AREA OF SERRES - MUNICIPALITY OF LEFKON

FIGURES AND INFORAMTION FOR THE FINANCIAL ZEAR FROM JANUARZ 1st TO 31st DECEMEBER 2022

(publisehd according to the Law Ν. 4548/2018, article 149 for companies that prepare annual financial statements, consolidated and nonßconsolidated, in accordance with IAS)

The following data and information, derived from the financial statements, aim to provide a general update on the financial situation and results of "KALOUPIA-EXARTIMATA METALLOU -PLASTIKOU A.V.E.E.

• K.E.M. A.B.E.E.". We therefore recommend that the reader, before making any kind of investment choice or other transaction with the issuer, to consult the address the company's website, where the financial statements as well as the audit report of the Certified Public Accountant are posted.

Competent Authority - Prefecture:	SERRES
Website address	www.kem-p.gr
Date of Approval of the Annual Financial Statements:	25th April 2023
Composition of the Board of Directors:	President & Managing Director: Athanasios K. Papapanagiotou
	Members: Konstantinos Ath. Papapanagiotou, Stylianos Gr. Petrislis, Dimitrios A. Petalas, Alexandros F. Tsangalides
Statutory auditor:	Dimitrios G. Plastaras A.M. SOEL 27771
Audit Company:	METRON AUDITING A.E.
Auditor Report Type:	With Consensus
DETAILS OF FINANCIAL POSITION						DETAILS OF STATEMENT OF CHANGES IN EQUITY
Amounts expressed in euros						Amounts expressed in euros
	COMPANY					COMPANY
ACTIVE ASSETS	31/12/22		31/12/21					1/1-31/12/22	1/1-31/12/21
Tangible fixed assets	2,724,780.50		2,671,392.45			Total equity at beginning of year (1/1/22 and 1/1/21 respectively)	2,254,397.33	2,085,882.78
Intangible assets	43,620.00		50,889.97			Aggregate total revenue after tax	-1,218.66	168,514.6
Other non-current assets	134,470.99		134,470.99			Increase / (decrease) in Share Capital	0.00	0.00
Inventories	68,367.54		130,685.70			Dividends distributed	0.00	0.00
Trade receiveables	239,584.63		645,524.00			Other changes		-5,460.54		0.00
Other current assets	281,844.26		257,690.83			Total equity at the end of the year (31/12/22 and 31/12/21 respectively)	2,247,718.13	2,254,397.33
TOTAL ASSETS	3,492,667.91		3,890,653.94
NET POSITION AND OBLIGATIONS						CASH FLOW STATEMENTS
Equity	1,965,000.00		1,965,000.00			Amounts expressed in euros
Other net worth items	282,718.13		289,397.33					COMPANY
Total company shareholders' equity (a)	2,247,718.13		2,254,397.33					1/1-31/12/22	1/1-31/12/21
Minority rights (b)	0.00		0.00			Operational Activities
Total equity (c) = (a) + (b)	2,247,718.13		2,254,397.33			Profit/(loss) before tax (continuing operations)	4,299.87	164,521.25
Long-term debt obligations	49,900.00		150,300.00			Plus / minus adjustments for:
Maximum Deferred Tax Liabilities	223,183.61		217,665.08			Depreciation	89,903.99	87,396.35
Provisions / Other long-term liabilities	626,360.11		642,405.44			Predictions	7,498.00	0.00
Short-term debt obligations	100,466.97		100,311.57			Exchange differences	0.00	0.00
Other short-term liabilities	245,039.09		525,574.22			Debt interest and related costs	13,450.88	19,751.49
Total liabilities (d)	1,244,949.78		1,636,256.31			Results (income, expenses, profits, losses) invest. activity	0.00	0.00
TOTAL NET POSITION AND LIABILITIES (c) + (d)	3,492,667.91		3,890,653.64			Plus/minus adjustments for working capital account changes
						or related to operational activities:
STATEMENT OF COMPREHENSIVE INCOME						Inventory decrease/(increase).	62,318.16	110,033.79
Amounts expressed in euros						Decrease/(increase) in claims	381,949.5	(245,358.04)
	COMPANY			Increase / (decrease) liabilities (except loans)	(285,995.66)	(16,404.91)
	1/1-31/12/22		1/1-31/12/21			Less:
Annual Turnover	1,165,568.27		1,238,663.56			Debt interest and related costs paid	-13,450.88	0.00
Gross profit / (loss)	125,940.39		314,557.56			Taxes paid		0.00		0.00
Profit / (loss) before taxes, financial and investment						Total inflows/outflows from operating activities (a)		259,973.88		119,939.93
results	17,750.75		184,272.74			Investment Activities
Profits / (losses) before taxes	4,299.87		164,521.25			Acquisition of subsidiaries,related, joint ventures and other investments.	0.00	0.00
Profit / (loss) after tax (A)	-1,218.66		168,514.55			Purchase of tangible and intangible fixed assets	-159,565.40	0.00
Distributed to: Company shareholders	-1,218.66		168,514.55			Receipts from sales of tangible and intangible assets	0.00	0.00
						Interest received	0.00	0.00
Other comprehensive income after taxes (B)	0.00		0.00			Dividends received	0.00	0.00
Consolidated Total Income After Taxes (A) + (B)	-1,218.66		168,514.55			Decrease/(increase) in other long-term receivables		0.00		0.00
Distributed to: Company shareholders	-1,218.66		168,514.55			Total inflows/outflows from investment activities (b)		-159,565.40		0.00
						Funding activities
Profit / (loss) after tax per share - basic (in €)	-0.016		2.144			Receiveables from increase in Share Capital	0.00	0.00
Proposed dividend per share (in €)	0.0000		0.0000			Proceeds from loans issued / taken out	0.00	0.00
Profit / (loss) before taxes, financial, investment						Loan repayments	(100,244.60)	(119,996.10)
results and total depreciation	107,654.74		271,669.09			Disbursements finance leases (debts)	0.00	0.00
						Dividends paid		0.00		0.00
Additional Data and information:						Total inflows/outflows of financial activities (c)		(100,244.60)		(119,996.10)
						Net increase/(decrease) in cash and
1. The basic accounting principles of the Balance Sheet as of 12/31/2021 have been observed				equivalents of use (a)+(b)+(c)		163.88		(56.17)
2. The number of staff employed in the company is:						Opening cash and cash equivalents	92,616.28	92,672.45
	12/31/2022		12/31/2021			Cash and cash equivalents at maturity	92,780.16	92,616.28
Employees (as of date listed)	0		1
Salaries (as of date listed)	21		23
Total	21		24
3. Regarding liens on fixed assets, we refer to the annual financial report.						7. The financial statements of K.E.M. A.B.E.E. are included using the full consolidation method
4. There are no disputed or pending disputes of judicial or administrative bodies, which may				in the consolidated financial statements of the group PAPAPANAGIOTOU A.V.E.A. - DROMEAS,
have a significant impact on the company's financial situation.						which is based in Greece and holds a 92.54% stake in the company K.E.M. A.B.E.E.
5. The amounts of purchases and sales cumulatively since the beginning of the financial year and the				8. At the end of the year, there are no company shares held by the same.
balances of claims and liabilities at the end of the current financial year, which arised				9. The provisions made by the company concern: (i) personnel compensation due to exit
from transactions with related parties, as defined by IAS 24, are the						from work for retirement which on 31/12/22 amounted to € 12,682.69 and
following (in thousand €):						(ii) in bad debt provisions which on 12/31/22 amounted to € 2,380.00.
	12/31/2022					10. There are no other significant events subsequent to 12/31/22 which should
a) Income	990,106.19					be disclosed or vary the accounts of the published financial statements.
b) Expenses	0.00					11. There has been no interruption of the company's branch operation.
c) Liabilities	227,396.11
d) Obligations	0.00
e) Transactions and remuneration of managers and members of Administration	35,610.00
f) Claims from managers and members of the Administration	77,961.00
g) Liabilities to managers and members of the Management	0.00

6. Profits / loss per share were calculated based on the number of shares outstanding by the end of the closing period

CHAIRMAN & CEO	A MEMBER	CHIEF ACCOUNTANT
ATHANASIOS K. PAPAPANAGIOTOU	ΔΗΜΗΤΡΙΟΣ ΠΕΤΑΛΑΣ	THEODOROS TRIANTAFYLLIDIS
ID: ΑM 430530	ID: ΑΕ 373475	FIRST CLASS ACCOUNTANT No. License 65724