Lordos Hotels (Holdings) Public LTD

LORDOS HOTELS (HOLDINGS) PUBLIC LIMITED

	2014	2013
	€	€
Turnover	10.061.216	9.573.566
Cost of sales	(5.423.456)	(5.049.999)
Gross profit	4.637.760	4.523.567
Other income	22.641	50.792
Loss from investments	(5)	(1.198)
Selling expenses	(364.143)	(405.539)
Administrative expenses	(2.188.380)	(2.138.604)
Other operating expenses	(1.080.574)	(1.058.727)
Amortisation of loans receivable/(impairment) in fair value of loans
at their initial recognition	51.900	(964.294)
Finance cost	(293.582)	(385.619)
Share of profit of associated companies	(11.233)	18.321
Results before taxation	774.384	(361.301)
Taxation	(143.005)	(574.033)
Profit/(loss) for the year	631.379	(935.334)
Other total income
Amounts that will not be reclassified in the profit or loss in later periods:
Readjustment in fair value of land and building	1.441.325	-
Credit/(debit) of deferred taxation in revaluation of land and
buidlings	_______ 157.913	(682.287)
	1.599.238	(682.287)
	1.599.238	(682.287)
Other total income/(expenses) for the year	2.230.617	(1.617.621)
Total income/(expenses) for the year
The distribution of net profit/(loss) is as follows:	583.109	(982.905)
Shareholders of parent company
Non-controlling interests	48.270	47.571
	631.379	(935.334)
Profit/(loss) for the year	1.962.186	(1.635.983)
The distribution of total income/(expenses) is as follows:
Shareholders of parent company
Non-controlling interest	268.431	18.362
	2.230.617	(1.617.621)

Total income/(expenses)

Net profit/(loss) per share attributable to shareholders of

parent company (cents)	1.67	(2.81)
Total income/ (expenses) per share attributable to shareholders of parent company (cent)	5 60 ·	(4.67)

BALANCE SHEET December 31, 2014

ASSETS	2014	2014
	€	€
Non current assets	81.210.460	80.511.824
Property, plant and equipment	4.606	2.405
Intangible assets	6.088.706	6.158.773
Investments in associated companies	23.510
Financial assets at fair value via the results	1.230.546	23.525
Loans receivable		1.196.423
	88.557.828	87.893.423
Current assets
Stock	197.567	200.789
Trade and other debtors	1.201.443	812.422
Receivables from related companies	4.198	2.690
Cash in hand and at bank	17.308	18.799
	1.420.516	1.034.700
TOTAL ASSETS	89.978.344	88.928.123
EQUITY AND LIABILITIES
Equity and reserves	11.903.113	11.903.113
Share capital	52.612.024	51.232.947
Other reserves	3.889.324	3.306.215
Accumulated profits	68.404.461	66.442.275
Non-controlling interests	4.003.690	3.779.259
Total equity	72.408.151	70.221.534
Long term liabilities
Borrowing	2.540.741	2.928.699
Deferred tax liabilities	10.130.346	10.248.980
	12.671.087	13.177.679
Short term liabilities
Trade and other creditors	2.102.360	2.406.313
Amounts due to related companies	148.182	102.215
Bank overdrafts	1.607.404	1.360.758
Borrowing	1.020.998 20.162	1.596.990
Current tax liabilities		62.634
	4.899.106	5.528.910
Total liabilities	17.570.193	18.706.589
TOTAL EQUITY AND LIABILITIES	89.978.344	88.928.123