Cyprus Energy Regulatory Authority Annual Report 2021

114 Cyprus Energy Regulatory Authority STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2021 2021 2020 Note € € Revenue 8 2.224.650 2.201.458 Other operating income 9 140.252 69.644 Selling and distribution expenses (140) - Administration expenses (2.294.016) (2.197.280) Net impairment profit/(loss) on financial and contract assets 25.423 (41.520) Other expenses 10 - (47.966) Operating surplus/(deficit) 11 96.169 (15.664) Finance income 49.288 40.930 Finance costs (36.377) (37.588) Net finance income 14 12.911 3.342 Surplus/(deficit) before tax 109.080 (12.322) Tax 15 (2.247) (3.658) Net surplus/(deficit) for the year 106.833 (15.980) Other comprehensive income Items that will not be classified subsequently to profit or loss: Remeasurements of post-employment benefit obligations 433.084 (446.181) 433.084 (446.181) Items that may be classified subsequently to profit or loss: Financial assets at fair value through other comprehensive income - Fair value (losses)/gains (98.130) 289.693 (98.130) 289.693 Other comprehensive income/(loss) for the year 334.954 (156.488) Total comprehensive income/(loss) for the year 441.787 (172.468) The notes on pages 121 to 152 form an integral part of these financial statements.

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