For the year ended 31 December 2022

	2022	2021
	€'000	€'000
Ongoing activities
Income	98.008	44.940
Operating expenses	(35.442)	(15.240)
Cost of personnel	(34.566)	(17.812)
Administrative and other expenses	(1.623)	(1.631)
Decrease of leases due to COVID-19	-	7.514
	(71.631)	(27.169)
Operating profit before interest, taxes, depreciation and
amortization	26.377	17.771
Depreciation, amortizations and write-offs	(5.630)	(5.393)
Depreciation of assets with right of use	(11.452)	(10.826)
Other amortizations	8	31
Profit from operations	9.303	1.583
Finance income	313	511
Finance cost	(15.854)	(15.183)
Net finance cost	(15.541)	(14.672)

Loss from operations after net finance costs	(6.238)	(13.089)

Net gain on amendment of borrowings	-	320
Reclassification of exchange differences due to dissolution of
subsidiary	-	(112)
Gain on disposal of property, plant and equipment	3	-
Other net profits	3	218

Loss before taxation	(6.235)	(12.871)
Taxation	(2.653)	3.133
Loss for the year from ongoing activities	(8.888)	(9.738)
Non-ongoing activities
Loss for the year from non-ongoing activities	-	(20.591)

Loss for the year	(8.888)	(30.329)
Loss for the year attributable to:
Company shareholders	(8.880)	(30.281)
Minority interest	(8)	(48)
Loss for the year	(8.888)	(30.329)

Loss per share
From ongoing activities	(1.93)	(2.10)
From non-ongoing activities	-	(4.47)
Basic and fully diluted earnings per share (€ cents)	(1.93)	(6.57)

CONSOLIDATED STATEMENT OF TOTAL INCOME

For the year ended 31 December 2022

	2022 €'000	2021 €'000
Loss for the year	(8.888)	(30.329)
Other total income
Amounts not to be reclassified to the consolidated statement of profit and loss account
Deferred taxation from revaluation of land and buildings	80	71
Adjustments to personnel benefit obligations	42	172
Deferred taxation from adjustments to personnel benefit
obligations	(9)	(38)
Decrease in deferred taxation due to change in the Greek
income tax rate credited to reserves	-	2
Accumulated exchange differences reclassified to the consolidated statement of profit and loss account upon
dissolution of subsidiary	-	112
	113	319
Amounts which will or may be reclassified to the
consolidated statement of profit and loss
Exchange difference in respect of a subsidiary in foreign
currency	-	6
	-	6
Other total income for the year	113	325
Total expenses for the year	(8.775)	(30.004)

Total expenses for the year attributable to: Company shareholders	(8.767)	(29.956)
Minority interest	(8)	(48)

Total expenses for the year	(8.775)	(30.004)

as at 31 December 2022

	2022	2021
	€'000	€'000
ASSETS
Property, plant and equipment	98.414	95.727
Assets with right of use	180.748	179.021
Intangible assets	145	311
Investments in net position companies	12	12
Amounts due from related parties	1.205	1.213
Deferred taxation	1.450	4.871
Non-current assets	281.974	281.155

Stocks	1.103	914
Trade and other receivables	8.183	11.416
Amounts due from related parties	4.869	6.034
Blocked bank deposits	9.472	9.542
Cash and cash equivalents	13.200	16.266
Current assets	36.827	44.172

Total assets	318.801	325.327

Equity
Share capital	9.211	9.211
Reserves	(18.321)	(7.574)
Equity attributable to Company owners	(9.110)	1.637

Minority interest	(26)	(18)
Total equity	(9.136)	1.619

Liabilities
Borrowings	103.152	101.549
Finance lease liabilities	186.057	177.825
Other liabilities	289	304
Deferred income	621	629
Deferred taxation	9.411	9.495
Non-current liabilities	299.530	289.802

Bank overdrafts	-	2.390
Borrowings	6.089	8.490
Finance lease liabilities	5.661	4.247
Trade and other liabilities	14.649	15.555
Amounts due to related parties	278	243
Deferred income	8	8
Contractual obligations	1.507	2.446
Tax due	215	527
Current liabilities	28.407	33.906

Total liabilities	327.937	323.708

Total equity and liabilities	318.801	325.327

LOUIS PLC CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the year ended 31 December 2022

	Equity attributable to Company owners Difference from conversion
	Share capital €'000	Property revaluation reserve €'000	Personnel benefits reserve €'000	Other reserves €'000	of capital into Euro €'000	Revenue reserve €'000	Total €'000	Minority interest €'000	Total €'000
Balance as at 1 January 2022	9.211	6.646	279	268	364	(15.131)	1.637	(18)	1.619
Total income for the year Loss for the year	-	-	-	-	-		(8.880) (8.880)	(8)	(8.888)
Other total income
Deferred taxation from revaluation of land and buildings	-	80	-	-	-	-	80	-	80
Additional depreciation from revaluation brought forward	-	(57)	-	- -	-	57	- -	- -	-
Adjustments to personnel benefit liabilities	-	-	42	-	-	-	42	-	42
Deferred taxation from adjustments
to personnel benefit liabilities Other total income for the year	- -	- 23	(9) 33	- -	- -	- 57	(9) 113	- -	(9) 113
Total income/(expenses) for the year	-	23	33	-		- (8.823)	(8.767)	(8)	(8.775)
Transactions with owners directly

recognized in equity

Contributions from and distributions to owners
Dividend	-	-	-	-	-	(1.980)	(1.980)	-	(1.980)
Total contributions from and distributions to owners	-	-	-	-	-	(1.980)	(1.980)	-	(1.980)
Total transactions with owners directly recognized in equity	-	-	-	-	-	(1.980)	(1.980)	-	(1.980)
Balance as at 31 December 2022	9.211	6.669	312	268	364	(25.934)	(9.110)	(26)	(9.136)

For the year ended 31 December 2022

	Equity attributable to Company owners Difference from

	Share capital €'000	Property revaluation reserve €'000	Personnel benefits reserve €'000	Other reserves €'000	conversion of capital into Euro €'000	Revenue reserve €'000	Total €'000	Minority interest €'000	Total €'000
Balance as at 1 January 2021	9.211	6.648	392	150	364	25.052	41.817	101	41.918
Total income for the year Loss for the year	-	-	-	-		- (30.281)	(30.281)	(48)	(30.329)
Other total income
Exchange difference relating to a subsidiary in a foreign currency	-	-	-	6	-	-	6	-	6
Deferred taxation from revaluation of land and buildings	-	71	-	-	-	-	71	-	71
Additional depreciation from revaluation brought forward	-	(75)	-	- -	-	75	- -	- -	-
Adjustments to personnel benefit liabilities Deferred taxation from adjustments	-	-	172	-	-	-	172	-	172
to personnel benefit liabilities	-	-	(38)	-	-	-	(38)	-	(38)
Deferred taxation decrease due to change in income tax rate Accumulated exchange differences reclassified to the consolidated		- 2	-		- -	-	2	-	2
statement of profit and loss upon dissolution of subsidiary	-	-	-	112	-	-	112	-	112
Transfer	-	-	(247)	-	-	247	-	-	-

Other total income / (expenses) for the year	-	( 2 )	(113)	118	-	322	325	-	325
Total income/(expenses) for the year	-	( 2 )	(113)	118	-	(29.959)	(29.959)	(48)	(30.004)
Transactions with owners directly recognized in equity
Contributions from and distributions to owners
Dividend	-	-	-	-	-	(10.224)	(10.224)	(71 )	(10.295 )
Total contributions from and distributions to owners	-	-	-	-	-	(10.224)	(10.224)	(71 )	(10.295 )
Total transactions with owners directly recognized in equity	-	-	-	-	-	(10.224)	(10.224)	(71 )	(10.295 )
Balance as at 31 December 20 2 1	9.211	6.64 6	279	268	364	(15.131)	1.637	(18)	1.619