Anemoi International Ltd (AMOI) 
Anemoi International Ltd: Interim Report (30 June 2023) 
29-Sep-2023 / 09:00 GMT/BST 
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Anemoi International Ltd 
 
 
 
 
Anemoi International Ltd 
(Reuters: AMOI.L, Bloomberg: AMOI:LN) 
("Anemoi" or the "Company") 
 
Interim Results for the period ended 30 June 2023 
 
The Company is pleased to announce its results for the six months ended 30 June 2023. The interim results have been 
submitted to the FCA and will shortly be available on the Company's website: www.anemoi-international.com 
 
Chairman's Statement 
Anemoi is pleased to announce its unaudited interim results for the six months to 30 June 2023. 
I am pleased to report a significant increase in H1 Revenues (+75%) and Gross Profit (+246%), however, Revenue is not 
yet sufficient to support the cost of running a public company, notwithstanding a 15% reduction in General and 
Administrative Costs, resulting in a 31% reduction in Operating Loss for the period under review. Initiatives taken in 
the first half of 2023 should further reduce costs in H2 2023 and the Board will continue to explore avenues to enhance 
shareholder value. 
 
 
Duncan Soukup 
Chairman 
Anemoi International Ltd 
28 September 2023 
 
Responsibility Statement 
 
We confirm that to the best of our knowledge: 
a)    the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial 
Reporting'; 
b)    the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of 
important events during the first six months and description of principal risks and uncertainties for the remaining six 
months of the year); and 
c)    the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of 
related parties' transactions and changes therein). 
Cautionary statement 
This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to 
enable them to assess the Company's strategy and the potential for that strategy to succeed. The IMR should not be 
relied on by any other party or for any other purpose. 
 
Duncan Soukup 
Chairman 
Anemoi International Ltd 
28 September 2023 
 
Unaudited Condensed Statement of Income 
For the six months ended 30 June 2023 
 
                                                                              6 Months to 6 Months to Year Ended 
                                                                              Jun 2023    Jun 2022    Dec 2022 
                                                                              GBP         GBP         GBP 
                                                                         Note Unaudited   Unaudited   Audited 
Continuing Operations 
Revenue                                                                       79,563      45,355      137,288 
Cost of sales                                                                 (5,869)     (24,070)    (60,765) 
Gross profit                                                                  73,694      21,285      76,523 
Administrative expenses excluding exceptional costs                           (314,601)   (371,399)   (750,192) 
Exceptional administration costs                                              (49,441)    (58,166)    (58,166) 
Total administrative expenses                                                 (364,042)   (429,565)   (808,358) 
Operating loss before depreciation                                            (290,348)   (408,280)   (731,835) 
Depreciation and Amortisation                                            5    (63,392)    (42,131)    (95,994) 
Operating loss                                                                (353,740)   (450,411)   (827,829) 
Net financial income/(expense)                                           3    1,912       (384)       (504) 
Share of profits of associated entities                                       -           -           4,541 
Profit/(loss) before taxation                                                 (351,828)   (450,795)   (823,762) 
Taxation                                                                      (220)       (685)       (685) 
Profit/(loss) for the period                                                  (352,048)   (451,480)   (824,477) 
 
 
Earnings per share - GBP pence (using weighted average number of shares) 
Basic and Diluted                                                             (0.22)      (0.29)      (0.53) 
Basic and Diluted                                                        4    (0.22)      (0.29)      (0.53) 

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information. Unaudited Condensed Statement of Comprehensive Income

For the six months ended 30 June 2023

                                                          6 Months to 6 Months to Year Ended 
                                                          Jun 2023    Jun 2022    Dec 2022 
                                                          GBP         GBP         GBP 
                                                          Unaudited   Unaudited   Audited 
 
Loss for the six months to 30 June 2023                   (352,048)   (451,480)   (824,477) 
Other comprehensive income: 
Exchange differences on re-translating foreign operations (12,426)    197,530     171,836 
Total comprehensive income                                (364,474)   (253,950)   (652,641) 
 
Attributable to: 
Equity shareholders of the parent                         (364,474)   (253,950)   (652,641) 
Total Comprehensive income                                (364,474)   (253,950)   (652,641) 

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.

Unaudited Condensed Statement of Financial Position

As at 30 June 2023

                                       As at       As at       As at 
                                       Jun 2023    Jun 2022    Dec 2022 
 
                                       GBP         GBP         GBP 
                                  Note Unaudited   Unaudited   Audited 
Assets 
Non-current assets 
Goodwill                          5    1,462,774   1,462,774   1,462,774 
Intangible assets                 5    1,505,970   1,429,975   1,482,645 
Property, plant and equipment     5    9,881       10,439      10,406 
Investment in associated entities      4,541       -           4,541 
Total non-current assets               2,983,166   2,903,188   2,960,366 
 
Current assets 
Trade and other receivables            348,356     333,461     386,005 
Cash and cash equivalents              1,869,952   2,464,317   2,189,610 
Total current assets                   2,218,308   2,797,778   2,575,615 
 
Liabilities 
Current liabilities 
Trade and other payables               701,589     526,991     652,057 
Total current liabilities              701,589     526,991     652,057 
 
Net current assets                     1,516,719   2,270,787   1,923,558 
 
Net assets                             4,499,885   5,173,975   4,883,924 
 
Shareholders' Equity 
Share capital                     6    117,750     117,750     117,750 
Share premium                          5,773,031   5,768,771   5,773,031 
Preference shares                      246,096     246,096     246,096 
Other Reserves                         70,070      74,330      70,070 
Foreign exchange reserve               268,290     217,335     300,281 
Retained earnings                      (1,975,352) (1,250,307) (1,623,304) 
Total shareholders' equity             4,499,885   5,173,975   4,883,924 
 
Total equity                           4,499,885   5,173,975   4,883,924 

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information..

These financial statements were approved by the board 28 September 2023

Signed on behalf of the board by:

Duncan Soukup Unaudited Condensed Statement of Cash Flows

For the six months ended 30 June 2023

                                                              6 Months to 6 Months to Year ended 
                                                              Jun 2023    Jun 2022    Dec 2022 
                                                              GBP         GBP         GBP 
                                                        Notes Unaudited   Unaudited   Audited 
Cash flows from operating activities 
Profit/(Loss) for the period                                  (353,740)   (450,411)   (827,829) 
(Increase)/decrease in trade and other receivables            25,162      295,175     242,631 
(Decrease)/increase in trade and other payables               62,018      (202,733)   (77,607) 
Net exchange differences                                      3,104       (35,837)    (130,723) 
Depreciation and amortisation                           5     63,392      42,131      95,994 
Cash generated by operations                                  (200,064)   (351,675)   (697,534) 
Taxation                                                      (220)       (685)       (685) 
Net cash flow from operating activities                       (200,284)   (352,360)   (698,219) 
 
Cash flows from investing activities 
Sale/(Purchase) of intangible assets                    5     (105,802)   (115,456)   (149,371) 
Net cash flow in investing activities - continuing operations (105,802)   (115,456)   (149,371) 
 
Cash flows from financing activities 
Interest paid                                                 -           (44)        (42) 
Interest received                                             1,960       14          - 
Repayment of loans and borrowings                             -           -           (60) 
Net cash flow from financing activities                       1,960       (30)        (102) 
 
 
Net increase in cash and cash equivalents                     (304,126)   (467,846)   (847,692) 
Cash and cash equivalents at the start of the period          2,189,610   2,734,633   2,734,633 
Effects of foreign exchange rate changes                      (15,532)    197,530     302,669 
Cash and cash equivalents at the end of the period            1,869,952   2,464,317   2,189,610 

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.

Unaudited Condensed Statement of Changes in Equity

For the six months ended 30 June 2023

                                                                                                           Total 
                                         Share   Share     Preference Other    Foreign         Retained    Shareholders 
                                                                               Exchange 
                                         Capital Premium   Shares     Reserves Reserves        Earnings    Equity 
                                         GBP       GBP         GBP          GBP        GBP               GBP           GBP 
 
 
Balance as at 31 December 2021           117,750 5,768,771 246,096    74,330   (2,389)         (798,827)   5,405,731 
Foreign Exchange on translation          -       -         -          -        22,194          -           22,194 
Total comprehensive income for the       -       -         -          -        197,530         (451,480)   (253,950) 
period 
Balance as at 30 June 2022               117,750 5,768,771 246,096    74,330   217,335         (1,250,307) 5,173,975 
Other Reserves - Options                 -       4,260     -          (4,260)  -               -           - 
Foreign Exchange on translation          -       -         -          -        82,946          -           82,946 
Total comprehensive income for the       -       -         -          -        -               (372,997)   (372,997) 
period 
Balance as at 31 December 2022           117,750 5,773,031 246,096    70,070   300,281         (1,623,304) 4,883,924 
Foreign Exchange on translation          -       -         -          -        (19,565)        -           (19,565) 
Total comprehensive income for the       -       -         -          -        (12,426)        (352,048)   (364,474) 
period 
Balance as at 30 June 2023               117,750 5,773,031 246,096    70,070   268,290         (1,975,352) 4,499,885 

The notes on pages 11 to 15 form an integral part of this consolidated interim financial information. Notes to the Condensed Financial Information 1. General information

Anemoi International Ltd (the "Company") is a British Virgin Island ("BVI") International business company ("IBC"), incorporated and registered in the BVI on 6 May 2020. The Company is a holding company actively seeking investment opportunities.

id4 AG is a wholly owned subsidiary of Anemoi and was formed as part of the merger of the former id4 AG ("id4") with and into its parent, Apeiron Holdings AG on 14 September 2021. id4 was incorporated and registered in the Canton of Lucerne in Switzerland in April 2019 whilst Apeiron Holdings AG was incorporated and registered in December 2018. Following the merger, Apeiron Holdings AG was renamed id4 AG.

On the 17th December 2021, the entire share capital of id4 AG was purchased by Anemoi International Ltd.

Id4 CLM (UK) Ltd is a wholly owned subsidiary of Anemoi, incorporated on 26 November 2021 in England and Wales. Id4 CLM (UK) Ltd is a private limited company, limited by shares.

2 .Significant Accounting policies

The Group financial statements consolidate those of the Company and its subsidiaries (together referred to as the "Group").

The Group prepares its accounts in accordance with applicable UK Adopted International Accounting Standards "IFRS".

The financial statements are expressed in GBP.

The accounting policies applied by the Company in this unaudited consolidated interim financial information are the same as those applied by the Company in its consolidated financial statements as at 31 December 2022.

The financial information has been prepared under the historical cost convention, as modified by the accounting standard for financial instruments at fair value. 2.1. Basis of preparation

The condensed consolidated interim financial information for the six months ended 30 June 2023 has been prepared in accordance with International Accounting Standard No. 34, 'Interim Financial Reporting'. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Company as at and for the year ended 31 December 2022.

These condensed interim financial statements for the six months ended 30 June 2023 are unaudited and do not constitute full accounts. The independent auditor's report on the 2022 financial statements was not qualified. 2.2. Going concern

The financial information has been prepared on the going concern basis as management consider that the Company has sufficient cash to fund its current commitments for the foreseeable future.

Notes to the Condensed Financial Information Continued 3. Net Financial Expense

                                 Six months Six months Year 
                                 ended      ended      ended 
                                 30 Jun 23  30 Jun 22  31 Dec 22 
                                 Unaudited  Unaudited  Audited 
                                 GBP          GBP          GBP 
 
Loan interest expense            -          44         45 
Bank interest expense            35         -          (3) 
Bank interest income             -          (14)       - 
Loan interest income             (1,995)    -          - 
Foreign currency (gains)/losses  48         354        462 
                                 (1,912)    384        504 4. Earnings per share 
                                                                               Six months  Six months  Year 
                                                                               ended       ended       ended 
                                                                               30 Jun 23   30 Jun 22   31 Dec 22 
                                                                               Unaudited   Unaudited   Audited 
                                                                               GBP           GBP           GBP 
The calculation of earnings per share is based on 
the following loss attributable to ordinary shareholders and number of shares: 
Loss for the period                                                            (352,048)   (451,480)   (824,477) 
 
Weighted average number of shares of the Company                               157,041,665 157,041,665 157,041,665 
 
Earnings per share: 
Basic and Diluted (pence)                                                      (0.22)      (0.29)      (0.53) 
 
Number of shares outstanding at the period end:                                157,041,665 157,041,665 157,041,665 
 
Number of shares in issue 
Opening Balance                                                                157,041,665 157,041,665 157,041,665 
Issuance of Share Capital                                                      -           -           - 
Basic number of shares in issue                                                157,041,665 157,041,665 157,041,665 

Notes to the Condensed Financial Information Continued 5. Non-current assets

                                                                              Plant 
                                                                   Intangible and 
                                               Total     Goodwill  Assets     Equipment 
Cost                                           GBP       GBP       GBP        GBP 
Cost at 1 January 2023                         3,077,345 1,462,774 1,601,492  13,079 
FX movement                                    (21,482)  -         (21,308)   (174) 
                                               3,055,863 1,462,774 1,580,184  12,905 
Additions                                      105,802   -         105,802    - 
 
Cost at 30 June 2023                           3,161,665 1,462,774 1,685,986  12,905 
Depreciation/Amortisation 
Depreciation/Amortisation at 1 January 2023    121,521   -         118,847    2,674 
FX movement                                    (1,617)   -         (1,581)    (36) 
                                               119,904   -         117,266    2,638 
Charge for the period on continuing operations 63,392    -         63,004     388 
FX movement                                    (256)     -         (254)      (2) 
 
Depreciation/Amortisation at 30 June 2023      183,040   -         180,016    3,024 
 
Closing net book value at 30 June 2023         2,978,625 1,462,774 1,505,970  9,881 

For impairment testing purposes, management considers the operations of the Company to represent a single cash generating unit (CGU), providing software and digital solutions to the financial services industry. The directors have assessed the recoverable amount of goodwill which in accordance with IAS 36 is the higher of its value in use and its fair value less costs to sell (fair value), in determining whether there is evidence of impairment.

Notes to the Condensed Financial Information Continued 6. Share Capital

                                                            As at               As at               As at 
                                                            30 Jun 23           30 Jun 22           31 Dec 22 
                                                            Unaudited           Unaudited           Audited 
                                                            GBP                   GBP                   GBP 
Authorised share capital: 
Unlimited ordinary shares of USD0.001 each                    -                   -                   - 
 
 
Fully subscribed shares 
29,950,000 ordinary shares of USD0.04 each                    1,200,000           1,200,000           1,200,000 
Exchange rate adjustment 
                                                            1.3649              1.3649              1.3649 
29,950,000 ordinary shares in GBP                           879,185             879,185             879,185 
Placing 5,999,999 ordinary shares of GBP0.04                  240,000             240,000             240,000 
Conversion of shares to par value of USD.0001 at rate of      (1,092,810)         (1,092,810)         (1,092,810) 
1.3649 
Issuance of 66,666,666 shares for acquisition of id4 AG     50,387              50,387              50,387 
Placing of 54,375,000 shares of USD0.001                      40,988              40,988              40,988 
Less fair value of options and warrants                     -                   -                   - 
Total                                                       117,750             117,750             117,750 
 
                                                            Number              Number              Number 
                                                            of shares           of shares           of shares 
Fully subscribed shares                                     157,041,665         157,041,665         157,041,665 
 
Balance at close of period                                  157,041,665         157,041,665         157,041,665 

Under the Company's articles of association, the Board is authorised to offer, allot, grant options over or otherwise dispose of any unissued shares. Furthermore, the Directors are authorised to purchase, redeem or otherwise acquire any of the Company's own shares for such consideration as they consider fit, and either cancel or hold such shares as treasury shares. The directors may dispose of any shares held as treasury shares on such terms and conditions as they may from time to time determine. Further, the Company may redeem its own shares for such amount, at such times and on such notice as the directors may determine, provided that any such redemption is pro rata to each shareholders' then percentage holding in the Company.

On the 14th April 2021, a total of 5,999,999 new DIs (the "Placing DIs") were placed by at a price of GBP0.04 per Placing DIs (the "Placing") with existing and new investors ("Placees") raising gross proceeds of approximately GBP240,000. The Placing DIs represent Ordinary Shares representing 20 per cent. of the Ordinary Share capital of the Company prior to the Placing.

On the 16th August 2021 the Board announced that the par value of its issued and outstanding ordinary shares of no par value had changed to USUSD0.001 per Ordinary Share. The total number of issued shares with voting rights remained unchanged at 35,999,999 Ordinary Shares. Aside from the change in nominal value, the rights attaching to the Ordinary Shares (including all voting and dividend rights and rights on a return of capital) remained unchanged.

On the 17th December 2021, following the acquisition of id4 AG, 66,666,666 New Ordinary Shares of USD0.001 were issued to the shareholders of id4 in settlement of consideration for the acquisition and the Company was readmitted to trading on the London Stock Exchange.

On the 17th December 2021, alongside the acquisition of id4 AG, 54,375,000 New Ordinary Shares of USD0.001 were issued in a further placing with existing and new investors, raising a total of GBP2,175,000.

Notes to the Condensed Financial Information Continued 7. Related Party Transactions

Thalassa Holdings Ltd, which holds shares in the Company is related by common control through the Chairman, Duncan Soukup. Thalassa Holdings Ltd invoiced the Company for administration costs totalling GBP4,236 (June 2022: GBP8,709, Dec 2022: GBP6,378)). At the period end the balance owed to Thalassa totalled GBP4,236 (June 2022: GBP340,768, Dec 2022: GBP2,894).

Consultancy and administrative services were accrued on behalf of a company, Fleur De Lys, in which the Chairman has a beneficial interest, the Company accrued GBP61,399 of fees in the period (Jun 2022: GBP77,556. Dec 2022:GBP134,953).

Athenium Consultancy Ltd, a company in which the Company owns shares invoiced the Company for financial and corporate administration services totalling GBP82,500 for the period (Jun 2022: GBP75,000, Dec 2022: GBP150,000). 8. Subsequent events

There were no subsequent events to report 9. Copies of the Interim Report

The interim report is available on the Company's website: www.anemoi-international.com.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:           VGG0419A1057 
Category Code:  IR 
TIDM:           AMOI 
LEI Code:       213800MIKNEVN81JIR76 
OAM Categories: 1.2. Half yearly financial reports and audit reports/limited reviews 
Sequence No.:   274695 
EQS News ID:    1737261 
 
End of Announcement  EQS News Service 
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