Appendix 1 – Consolidated statement of profit or loss and

other comprehensive income (example of a single statement)

Appendix 2 – Consolidated statement of profit or loss and other comprehensive income (example of a single statement)

for the year ended 31 December 2020 IAS 1.49

Commentary
The Group presents the statement of profit or loss and statement of comprehensive income in two separate statements. For
illustrative purposes, the statement of profit or loss and other comprehensive is presented as a single statement in this
Appendix.

IAS 1.10(b)
IAS 1.10A
2020 2019 IAS 1.51(c)
€000 €000 IAS 8.28

Notes Restated IAS 1.51(d)(e)

Continuing operations (Note 2.5) IAS 1.81A
Revenue from contracts with customers 4 179,058 159,088 IFRS 15.113(a)
Rental income 18 1,404 1,377
Revenue 180,462 160,465 IAS 1.82(a)

Cost of sales (136,549) (128,386) IAS 1.103

Gross profit 43,913 32,079 IAS 1.85, IAS 1.103

Other operating income 13.1 2,435 2,548 IAS 1.103

Selling and distribution expenses (14,001) (12,964) IAS 1.99, IAS 1.103
Administrative expenses 13.9 (18,290) (12,011) IAS 1.99, IAS 1.103
IAS 1.99, IAS 1.103
Other operating expenses 13.2 (2,554) (353) IAS 1.85
Operating profit 11,503 9,299 IAS 1.BC55-56
Finance costs 13.3 (1,366) (1,268) IAS 1.82(b), IFRS 7.20
Finance income 13.4 202 145
Other income 13.5 98 66
Share of profit of an associate and a joint venture 10,11 671 638 IAS 1.82(c)

Profit before tax from continuing operations 11,108 8,880 IAS 1.85

IAS 1.82(d)
Income tax expense 15 (3,098) (2,233) IAS 12.77
Profit for the year from continuing operations 8,010 6,647 IAS 1.85

Discontinued operations
IAS 1.82(ea)
Profit/(loss) after tax for the year from discontinued operations 14 220 (188) IFRS 5.33(a)
Profit for the year 8,230 6,459 IAS 1.81A(a)
Other comprehensive income
Other comprehensive income that may be reclassified to profit or loss
in subsequent periods: IAS 1.82A
Net gain on hedge of net investment 21.3,25 278 − IFRS 9.6.5.13
Exchange differences on translation of foreign operations 21.3,25 (246) (117) IAS 21.32

Net gain/(loss) on cash flow hedges 21.3,25 (883) 34 IFRS 7.23(c)

Net change in costs of hedging (32) −

Net loss on debt instruments at fair value through OCI 13.5 (21) (1) IFRS 7.20(a)(viii)
Share of other comprehensive loss of an associate 11 (30) − IAS 1.82A(b)

Income tax effect relating to the components of OCI 15 198 (10) IAS 1.91
Net other comprehensive loss that may be reclassified to profit
or loss in subsequent periods (736) (94)
Other comprehensive income that will not be reclassified to profit or
loss in subsequent periods:
IFRS 7.20(a)(vii)
Net gain/(loss) on equity instruments designated at fair value through OCI (26) 10 IAS 19.120(c)
Remeasurement gain/(loss) on defined benefit plans 32 367 (390) IAS 19.122
Revaluation of office properties in Euroland 17 846 − IAS 16.39

Share of other comprehensive income of an associate 11 30 − IAS 1.82A(b)

Income tax effect relating to the components of OCI 15 (356) 114 IAS 1.90
Net other comprehensive income/(loss) that will not be
reclassified to profit or loss in subsequent periods 861 (266)
Other comprehensive income/(loss) for the year, net of tax 125 (360) IAS 1.81A(b)

Total comprehensive income for the year, net of tax 8,355 6,099 IAS 1.81A(c)

151 Good Group (International) Limited

Appendix 1 – Consolidated statement of profit or loss and
other comprehensive income (example of a single statement)

IAS 1.10(b)
for the year ended 31 December 2020
IAS 1.51(b)
IAS 1.51(c)
2020 2019
€000 €000 IAS 8.28
Restated
Profit attributable to: (Note 2.5)
Equity holders of the parent 7,942 6,220 IAS 1.81B (a)(ii)

Non-controlling interests 288 239 IAS 1.81B(a)(i)

8,230 6,459

Total comprehensive income attributable to:

Equity holders of the parent 8,188 5,856 IAS 1.81(b)(ii)

Non-controlling interests 288 239 IAS 1.81B(b)(i)

8,476 6,095

Earnings per share 16 IAS 33.66

Basic, profit for the year attributable to ordinary equity
holders of the parent €0.38 €0.33
Diluted, profit for the year attributable to ordinary equity
holders of the parent €0.38 €0.32

Earnings per share for continuing operations 16

Basic, profit from continuing operations attributable to
ordinary equity holders of the parent €0.37 €0.34
Diluted, profit from continuing operations attributable to
ordinary equity holders of the parent €0.37 €0.33

Commentary
The Group presents, for illustrative purposes, the disclosure of a single statement of profit or loss and OCI in this Appendix.
The different components of OCI are presented on a net basis in the statement above. Therefore, an additional note
is required to present the amount of reclassification adjustments and current year gains or losses. Alternatively,
the individual components could have been presented within the statement of profit or loss and OCI.
In this Appendix, the Group illustrates the presentation of the income tax effects on OCI items on an aggregated basis
as allowed under IAS 1.91(b).

Good Group (International) Limited 152

 Appendix 2 – Consolidated statement of profit or loss
(example of expenses disclosed by nature)
Appendix 3 – Consolidated statement of profit or loss (example of expenses disclosed by nature)

for the year ended 31 December 2020

IAS 1.49
Commentary IAS 1.10(b)
The Group presents the statement of profit or loss disclosing expenses by function. For illustrative purposes, IAS 1.10A
the statement of profit or loss disclosing expenses by nature is presented in this Appendix. IAS 1.51(c)

2020 2019
€000 €000 IAS 8.28
Notes Restated IAS 1.51(d)(e)

Continuing operations (Note 2.5) IAS 1.81A

Revenue from contracts with customers 4 179,058 159,088 IAS 15.113(a)

Rental income 18 1,404 1,377

Revenue 180,462 160,465 IAS 1.82(a)

Other operating income 13.1 2,435 2,548 IAS 1.102

Changes in inventories of finished goods and work in progress (1,133) (3,342) IAS 1.99, IAS 1.102
Raw materials and consumables used (129,402) (116,900) IAS 1.99, IAS 1.102
Employee benefits expense 13.7 (33,749) (29,151) IAS 1.99, IAS 1.102
Depreciation and amortisation 17,19,31 (4,356) (3,667) IAS 1.99, IAS 1.102
Impairment of non-current assets 17,20 (200) (301) IAS 1.99, IAS 36.126
Other operating expenses 13.2 (2,554) (353) IAS 1.99, IAS 1.102
Finance costs 13.3 (1,366) (1,268) IAS 1.82(b), IFRS 7.20
Finance income 13.4 202 145
Other income 13.5 98 66
Share of profit of an associate and a joint venture 10,11 671 638 IAS 1.82(c)

Profit before tax from continuing operations 11,108 8,880 IAS 1.85

IAS 1.82(d)
Income tax expense 15 (3,098) (2,233) IAS 12.77
Profit for the year from continuing operations 8,010 6,647 IAS 1.85

Discontinued operations
IAS 1.82(ea)
Profit/(loss) after tax for the year from discontinued operations 14 220 (188) IFRS 5.33(a)
Profit for the year 8,230 6,459 IAS 1.81A(a)

Attributable to:
Equity holders of the parent 7,942 6,220 IAS 1.81B(a)(ii)
Non-controlling interests 288 239 IAS 1.81B(a)(i)
8,230 6,459

Earnings per share 16 IAS 33.66

Basic, profit for the year attributable to ordinary equity holders of
the parent €0.38 €0.33
Diluted, profit for the year attributable to ordinary equity holders
of the parent €0.38 €0.32

Earnings per share for continuing operations 16

Basic, profit from continuing operations attributable to ordinary
equity holders of the parent €0.37 €0.34
Diluted, profit from continuing operations attributable to ordinary
equity holders of the parent €0.37 €0.33

Good Group (International) Limited 153

 Appendix 3 – Consolidated statement of cash flows
(example of the direct method)
Appendix 4 – Consolidated statement of cash flows (example of the direct method)

for the year ended 31 December 2020

Commentary
IAS 7.18 allows entities to report cash flows from operating activities using either the direct or indirect methods.
The Group presents cash flows using the indirect method. However, the statement of cash flows prepared using the direct
method for operating activities is presented in this Appendix for illustrative purposes.

IAS 1.10(d)
2020 2019 IAS 1.51(c)
Notes €000 €000 IAS 1.51(d),(e)
Restated IAS 7.10,
Operating activities (Note 2.4) IAS 7.18(a)
Receipts from customers 177,529 161,832
Payments to suppliers (129,054) (115,205)
Payments to employees (33,749) (29,151)
Interest received 250 221 IAS 7.31

Interest paid (1,067) (1,173) IAS 7.31

Income tax paid (2,935) (3,999) IAS 7.35

Net cash flows from operating activities 10,974 12,525

IAS 7.10,
Investing activities IAS 7.21
Proceeds from sale of property, plant and equipment 1,990 2,319 IAS 7.16(b)
Purchase of property, plant and equipment 17 (10,167) (7,581) IAS 7.16(a)
Purchase of investment properties 18 (1,216) (1,192) IAS 7.16(a)
Purchase of financial instruments (272) (225) IAS 7.16(c)
Proceeds from sale of financial instruments 328 145 IAS 7.16(d)
Purchase of intangible assets 19 (587) (390) IAS 7.16(a)
Acquisition of a subsidiary, net of cash acquired 8 230 (1,450) IAS 7.39
Receipt of government grants 28 2,951 642
Net cash flows used in investing activities (6,743) (7,732)
IAS 7.10,
Financing activities IAS 7.21
Proceeds from exercise of share options 175 200 IAS 7.17(a)
Acquisition of non-controlling interests 8 (325) — IAS 7.42A
Transaction costs of issue of shares 25 (32) — IAS 7.17(a)
Payment of principal portion of lease liabilities 31 (406) (341) IAS 7.17(e)
Proceeds from borrowings 5,649 4,871 IAS 7.17(c)
Repayment of borrowings (2,032) (4,250) IAS 7.17(d)
Dividends paid to equity holders of the parent 26 (1,979) (1,600) IAS 7.31
Dividends paid to non-controlling interests (30) (49) IFRS 12.B10(a)

Net cash flows from/(used in) financing activities 1,020 (1,169)

Net increase in cash and cash equivalents 5,251 3,624

Net foreign exchange difference 339 326 IAS 7.28

Cash and cash equivalents at 1 January 12,266 8,316

Cash and cash equivalents at 31 December 24 17,856 12,266 IAS 7.45

Commentary
IAS 7.33 permits interest paid to be shown as operating or financing activities and interest received to be shown as
operating or investing activities, as deemed relevant for the entity. The Group has elected to classify interest received and
paid as cash flows from operating activities.

154 Good Group (International) Limited

 Appendix 4 – Information in other illustrative financial
statements available
Appendix 5 – Information in other illustrative financial statements available

IFRS are illustrated across our various illustrative financial statements, as follows:

Good Group –Alternative

Good First-time Adopter

Good Investment Fund
(Equity and Liability)
Good Group Interim

Good Real Estate

Good Petroleum

Good Insurance
Good Mining
Good Group

Good Bank
Format
International Financial Reporting Standards (IFRS)
IFRS 1 First-time Adoption of International Financial Reporting Standards ✓ ✓
IFRS 2 Share-based Payment ✓ ✓ ✓ ✓ ✓ ✓
IFRS 3 Business Combinations ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 4 Insurance Contracts ✓
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations ✓ ✓ ✓ ✓ ✓ ✓
IFRS 6 Exploration for and Evaluation of Mineral Resources ✓ ✓
IFRS 7 Financial Instruments: Disclosures ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 8 Operating Segments ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 9 Financial Instruments* ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 10 Consolidated Financial Statements ✓ ✓ ✓ ✓ ✓
IFRS 11 Joint Arrangements ✓ ✓ ✓ ✓
IFRS 12 Disclosure of Interests in Other Entities ✓ ✓ ✓ ✓ ✓ ✓
IFRS 13 Fair Value Measurement ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 14 Regulatory Deferral Accounts
IFRS 15 Revenue from Contracts with Customers ✓ ✓ ✓ ✓ ✓ ✓ ✓
IFRS 16 Leases ✓ ✓
IFRS 17 Insurance Contracts*
International Accounting Standards (IAS)
IAS 1 Presentation of Financial Statements ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 2 Inventories ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 7 Statement of Cash Flows ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 10 Events after the Reporting Period ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 11 Construction Contracts ✓
IAS 12 Income Taxes ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 16 Property, Plant and Equipment ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 17 Leases ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 18 Revenue ✓ ✓ ✓ ✓ ✓ ✓
IAS 19 Employee Benefits ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 20 Accounting for Government Grants and Disclosure of Government
Assistance
✓ ✓ ✓ ✓
IAS 21 The Effects of Changes in Foreign Exchange Rates ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 23 Borrowing Costs ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 24 Related Party Disclosures ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 26 Accounting and Reporting by Retirement Benefit Plans
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
*Good Life Insurance (International) Limited and Good General Insurance (International Limited) provide illustrative disclosures to meet the requirements of
IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments

Good Group (International) Limited 155

Appendix 4 – Information in other illustrative financial
statements available

International Accounting Standards (IAS) continued

IAS 29 Financial Reporting in Hyperinflationary Economies
IAS 32 Financial Instruments: Presentation ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 33 Earnings per Share ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 34 Interim Financial Reporting ✓
IAS 36 Impairment of Assets ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 37 Provisions, Contingent Liabilities and Contingent Assets ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 38 Intangible Assets ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 39 Financial Instruments: Recognition and Measurement ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
IAS 40 Investment Property ✓ ✓ ✓ ✓ ✓ ✓
IAS 41 Agriculture
Interpretations
IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar
Liabilities ✓ ✓ ✓ ✓ ✓ ✓
IFRIC 2 Members’ Shares in Co—operative Entities and Similar Instruments
IFRIC 4 Determining whether an Arrangement contains a Lease ✓ ✓ ✓ ✓
IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and
Environmental Rehabilitation Funds ✓ ✓ ✓
IFRIC 6 Liabilities arising from Participating in a Specific Market — Waste
Electrical and Electronic Equipment ✓ ✓ ✓ ✓
IFRIC 7 Applying the Restatement Approach under IAS 29 Financial
Reporting in Hyperinflationary Economies
IFRIC 9 Reassessment of Embedded Derivatives ✓ ✓ ✓ ✓ ✓
IFRIC 10 Interim Financial Reporting and Impairment ✓ ✓ ✓
IFRIC 12 Service Concession Arrangements
IFRIC 13 Customer Loyalty Programmes ✓
IFRIC 14 IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding
Requirements and their Interaction
IFRIC 15 Agreements for the Construction of Real Estate ✓
IFRIC 16 Hedges of a Net Investment in a Foreign Operation ✓ ✓ ✓ ✓
IFRIC 17 Distributions of Non-cash Assets to Owners ✓
IFRIC 18 Transfers of Assets from Customers ✓ ✓ ✓
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine ✓
IFRIC 21 Levies ✓ ✓ ✓ ✓
IFRIC 22 Foreign Currency Transactions and Advance Consideration ✓
IFRIC 23 Uncertainty over Income Tax Treatments ✓ ✓
SIC 7 Introduction of the Euro
SIC 10 Government Assistance — No Specific Relation to Operating
Activities
SIC 15 Operating Leases — Incentives ✓ ✓ ✓

Good Group (International) Limited 156

 Appendix 4 – Information in other illustrative financial
statements available

Interpretations continued
SIC 25 Income Taxes — Changes in the Tax Status of an Entity or its
Shareholders ✓
SIC 27 Evaluating the Substance of Transactions Involving the Legal
Form of a Lease ✓ ✓
SIC 29 Service Concession Arrangements: Disclosures
SIC 31 Revenue — Barter Transactions Involving Advertising Services
SIC 32 Intangible Assets — Web Site Costs
✓ This standard or interpretation is incorporated into these illustrative financial statements.

157 Good Group (International) Limited

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