Louis PLC

Interim / Quarterly Report • Aug 30, 2013

LOUIS PLC 4

CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the six months ended June 30, 2013

	30/06/2013	30/06/2012
	€'000	€'000
Income	80.539	75.383
Operating, administrative and selling expenses	(43.267)	(44.904)
Staff cost	(24.887)	(26.308)
	(68.154)	(71.212)
Operating profit before interests, taxes, depreciations and	12.385	4.171
hotel rents	(4.187)	(5.241)
Hotel rents payable	(12.071)	(11.990)
Depreciations	(190)	(242)
Amortizations
Loss from operations	(4.063)	(13.302)
Finance income	764	538
Finance cost	(12.971)	(12.824)
Net finance cost	(12.207)	(12.286)
Loss from operations after finance cost	(16.270)	(25.588)
Net exchange profit/(loss)	1.700
Share of profit of associated company	(895)
Profit from sale of property, plant and equipment Loss from write off of assets	66 97
	13 -
	(2.215) -
Loss before taxation	(16.706)	(26.386)
Taxation	(3.840)	(270)
Loss for the period	(20.546)	(26.656)
Loss for the period attributable to:	(20.524)	(26.641)
Owners of the Company Minority interest	(22)	(15)
Loss for the period	(20.546)	(26.656)
Basic and fully diluted loss per share (cent)	(4,46)	(5,78)

CONSOLDATED BALANCE SHEET

	Unaudited 30/06/2013	Audited 31/12/2012
	€'000	€'000
Assets
Ship, property, plant and equipment	462.959	457.361
Hotel lease	22.602	22.947
Amounts due from related companies	44.975	44.898
Other assets	843	2.025
Investment in associated company	16.216	16.160
Non current assets	547.595	543.391
Stock	10.544	8.112
Trade and other debtors	56.199	46.695
Amounts due from related companies	13.396	13.412
Blocked bank deposits	6.766	6.838
Cash and cash equivalent	23.594	13.497
Non current assets held for sale	34.646	36.084
Current assets	145.145	124.638
Total assets	692.740	668.029
Equity
Share capital	78.293	78.293
Reserves	1.670	22.076
Equity attributable to owners of the Company	79.963	100.369
Minority interest	47	71
Total equity	80.010	100.440
Liabilities
Borrowing	100.652	110.622
Liabilities from finance lease	199.680	198.053
Amounts due to related companies	7.842	7.636
Other liabilities	4.790	4.766
Deferred income	5.200	5.988
Deferred tax	23.921	19.388
Non current liabilities	342.085	346.453
Bank overdrafts	33.576	30.838
Borrowing	88.333	75.296
Liabilities from finance lease	19.073	18.747
Trade and other liabilities	71.894	60.922
Derivative hedging instrument	2.832	3.909
Amounts due to related companies	12.026	13.113
Other liabilities	1.911	1.895
Deferred income	33.565	9.190
Taxation due	3.241	3.282
Liabilities held for sale	4.194	3.944
Current liabilities	270.645	221.136
Total liabilities	612.730	567.589
Total equity and liabilities	692.740	668.029