Lordos Hotels (Holdings) Public LTD

Quarterly Report • Sep 30, 2021

CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME For the half year ended 30 June 2021

	30 June	30 June
	2021	2020
	€	€
Turnover	3.073.758	1.638.666
Cost of goods sold	(2.007.764)	(1.169.370)
Gross profit	1.065.994	469.296
Other income	423.195	-
Marketing costs	(142.160)	(113.613)
Administrative expenses	(1.777.455)	(1.530.251)
Other operating expenses	(546.955)	(714.972)
Finance cost	(108.617)	(80.349)
Share in the results of associated company	-	-
Profit from investments	22	8
Profit/(loss) before taxation	(1.085.976)	(1.969.881)
Taxation	(807)	(25.505)
Profit/(loss) for the period	(1.086.783)	(1.995.386)
(Loss)/profit for the period attributable to:
Shareholders of parent company	(911.015)	(1.811.858)
Non-controlling interest	(175.768)	(183.528)
(Loss)/profit for the year	(1.086.783)	(1.995.386)
(Loss)/earnings per share attributable to the shareholders of the parent
company (cents)	(2.60)	(5.18)
Other comprehensive (expenses)/income for the period
Amounts not to be reclassified to profit or (loss) in future periods:
Deferred tax adjustment	595	24.946
	595	24.946
Other comprehensive income/(expenses) for the period	595	24.946
Comprehensive (expenses)/ income for the period	(1.086.188)	(1.970.440)
Comprehensive expenses/(income) attributable to:
Shareholders of parent company	(910.420)	(1.795.523)
Non-controlling interest	(175.768)	(174.917)
Comprehensive income for the year	(1.086.188)	(1.970.440)
Comprehensive (expenses)/income per share attributable to the
shareholders of the parent company (cents)	(2.60)	(5.13)

CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at 30 June 2021

	30 June	31 December
	2021	2020
	€	€
ASSETS
Non-current assets
Property, plant and equipment	107.063.118	107.876.178
Intangible assets	116.544	14.815
Financial assets at fair value through profit and loss	7.838	7.816
Deferred taxation assets	312.571	312.571
Loans receivable	1.135.443	1.135.443
	108.635.514	109.346.823
Current assets
Inventories	446.165	326.540
Trade and other receivables	820.237	1.165.546
Receivables from affiliates	1.343	-
Cash at bank and in hand	626.758	202.141
	1.894.503	1.694.227
TOTAL ASSETS	110.530.017	111.041.050
EQUITY AND LIABILITIES
Equity and reserves
Share capital	11.903.113	11.903.113
Other reserves	53.376.969	53.376.969
Annuity reserve	6.748.552	7.659.567
	72.028.634	72.939.649
Non-controlling interest	14.433.024	14.608.792
Total equity	86.461.658	87.548.441
Non-current liabilities
Borrowings	6.597.887	5.353.659
Provisions	224.233	224.233
Deferred tax liabilities	13.542.536	13.591.689
	20.364.656	19.169.581
Current liabilities
Trade and other creditors	2.224.417	2.028.122
Amounts payable to affiliates	211.285	80.328
Bank overdrafts	459.967	1.498.508
Borrowings	790.976	699.224
Current tax liabilities	17.058	16.846
	3.703.702	4.323.028
Total liabilities	24.068.359	23.492.609
TOTAL EQUITY AND LIABILITIES	110.530.017	111.041.050

Lordos Hotels (Holdings) Public Limited

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS For the half year ended 30 June 2021

	30 June 2021	30 June 2020
	€	€
Cash flow from operating activities
Profit before taxation	(1.085.976)	(1.969.881)
Adjustment for:
Depreciation of property, plant and equipment	915.144	1.007.503
Amortistion for intangible assets	9.599	11.207
Gain on disposal of assets	-	-
Finance cost	108.617	82.016
Share in (profit)/loss of associated companies	-	-
Increase in the fair value of loans receivable	-	-
Gains on fair values in financial assets at fair value through profit and loss	(22)	(8)
Operating (loss)/profit before changes in working capital	(52.638)	(869.163)
Increase in inventories	(119.625)	(83.492)
Decrease in trade and other claims	345.309	91.122
(Decrease)/increase in trade and other creditors	191.310	(509.152)
Payment of taxation	-	(45.140)
Net cash flow from operating activities	364.356	(1.415.825)
Cash flow from investing activities
Additions to property, plant and equipment	(102.084)	(2.263.583)
Additions to intangible assets	(6.522)	(700)
Acquisition of new share in associated company's capital	-	-
Proceeds from disposal of assets	-	-
Payment of minority dividends	-	(416.840)
Proceeds of dividends from associated company	-	-
Net cash flow for investing activities	(108.606)	(2.681.123)
Cash flow from financing activities
Repayment of loans	(312.556)	(31.556)
Inflow from new loans	1.658.540	3.496.914
Interest paid	(108.572)	(42.303)
Net cash flow for financing activities	1.207.408	3.423.055
Net (decrease)/increase in cash and cash equivalents	1.463.158	(673.893)
Cash and cash equivalents as at 1 January	(1.296.367)	(494.961)
Cash and cash equivalents as at 30 June	166.791	(1.168.854)

Lordos Hotels (Holdings) Public Limited

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN NET POSITION

For the half year ended 30 June 2021

	bu b le he ha ho lde f he Eq uit i ttr ta to t t t c y a s re rs o pa ren om pa ny
	f fe fro Di ren ce m
		Fa ir	ha S re		f ion co nv ers o		No n
	ha S re	lue va	ium pr em	lat d Ac cu mu e	ha l ita s re ca p		l lin ntr co o g	l To ta
	ita l ca p	res erv e	res erv e	f its pr o	int o E uro	l To ta	int st ere	uit eq y
	€	€	€	€	€	€	€	€
1 J 20 20 an ua ry	11 .90 3.1 13	60 .01 7.8 82	68 5.6 75	10 .39 5.7 86	60 .22 6	83 .06 2.6 82	16 .39 7.9 33	99 .46 0.6 15
fit fo he fir ha l f o f 2 Pro 02 0 r t st	-	-	-	21 3	-	21 3	( ) 1.0 91 .25 9	( ) 1.0 91 .04 6
Div i de ds n	-	-	-	-	-	-	( ) 43 3.1 60	( ) 43 3.1 60
lua f lan d a nd bu ldi Re tio i va n o ng s	-	( ) 51 .84 1	-	-	-	( ) 51 .84 1	-	( ) 51 .84 1
fer d t ati De re ax on	-	51 .84 1	-	-	-	51 .84 1	-	51 .84 1
l lin No int tro st n-c on g ere	-	( ) 18 .92 7	-	-	-	( ) 18 .92 7	18 .92 7	-
30 Ju 20 20 ne	11 .90 3.1 13	59 .99 8.9 55	68 5.6 75	10 .39 5.9 99	60 .22 6	83 .04 3.9 68	14 .89 2.4 41	97 .93 6.4 09
fit fo he nd ha l f o f 2 02 0 Pro r t se co	-	-	-	( ) 2.4 08 .83 6	-	( ) 2.4 08 .83 6	62 4.4 02	( ) 1.7 84 .43 4
he l in fo he Ot r to ta r t co me ye ar	-	-	-	-	-	-	-	-
lua f lan d a nd bu ldi Re tio i va n o ng s	-	( ) 8.5 31 .86 7	-	-	-	( ) 8.5 31 .86 7	( ) 90 6.5 67	( ) 9.4 38 .43 4
fer d t De ati re ax on	-	1.1 45 .05 3	-	( ) 32 7.5 96	-	81 7.4 57	( ) 10 5.3 92	71 2.0 65
ide nd Div s	-	-	-	-	-	-	12 2.8 35	12 2.8 35
l lin int No tro st n-c on g ere	-	18 .92 7	-	-	-	18 .92 7	( ) 18 .92 7	-
fen bu n d d De i tio n i ntr ce co ee me
dis tri bu tio f d ivi de nd n o	-	-	-	-	-	-	-	-
31 D be r 2 02 0 ec em	11 .90 3.1 13	52 .63 1.0 68	68 5.6 75	7.6 59 .56 7	60 .22 6	72 .93 9.6 49	14 .60 8.7 92	87 .54 8.4 41
fit fo he fir ha l f o f 2 Pro 02 0 r t st	-	-	-	( ) 91 1.0 15	-	( ) 91 1.0 15	( ) 17 5.7 68	( ) 1.0 86 .78 3
fer d t De ati re ax on	-	49 .74 8	-	-	-	49 .74 8	-	49 .74 8
he he Ot ive in r c om pre ns co me	-	-	-	-	-	-	-	-
l lin div ide nd No tro n-c on g s	-	-	-	-	-	-	-	-
lua tio f lan d a nd bu i ldi Re va n o ng s	-	( ) 49 .74 8	-	-	-	( ) 49 .74 8	-	( ) 49 .74 8
30 Ju 20 21 ne	11 .90 3.1 13	52 .63 1.0 68	68 5.6 75	6.7 48 .55 2	60 .22 6	72 .02 8.6 34	14 .43 3.0 24	86 .46 1.6 58