LifeStar Holding plc approved the consolidated annual financial statements for the financial year ended December 31, 2020 and resolved that they be submitted for approval of the shareholders at the forthcoming Annual General Meeting, to be held later in 2021.

Statement of profit or loss

Profit/loss before tax

2019	2020
-€2.1 million	-€1.1 million

Earnings per share

2019	2020
3c9	-2c7

Statement of financial position

Total assets

2019	2020
€153.7 million	€166.3 million

Total liabilities 

2019	2020
€134.6  million	€147.9 million

Dividends

The directors do not recommend the payment of a dividend for 2020 as the Company had no distributable reserves at the end of the reporting period. No dividend was paid in 2019.

Outlook

The Directors intend to continue to operate in line with the Group’s current business plan. The Group is presently in the process of implementing a holistic strategic plan, which is designed to permanently resolve various legacy issues that continue to negatively impact the LifeStar Group. Consequently, the Group continues to explore possible ways to strengthen its capital base. In this respect, LifeStar Insurance Limited (LSI) has submitted a formal application to the Listing Authority for the admissibility to listing of its existing shares on the Official List of the Malta Stock Exchange.

Click here to download the full financial statement.