Lordos United Public LTD

Interim / Quarterly Report • Aug 29, 2013

CONSOLIDATED PROFIT AND LOSS ACCOUNT

Period from January 1 2013 to June 30 2013

	1/01/2013- 30/06/2013 €	1/01/2012- 30/06/2012 €
Income	8.418.972	10.380.543
Cost of sales	(7.472.625)	(9.123.790)
Gross profit	946.347	1.256.753
Other income	13.040	24.338
Net loss from sale of property plant and equipment	(28.490)	(30.525)
Selling and distribution expenses	(1.211.165)	(1.407.434)
Administrative expenses	(485.764)	(527.088)
Loss from operations	(766.032)	(683.956)
Net finance cost	(309.146)	(357.497)
Share of profit of associated companies before tax	16.415	51.083
Loss before taxation	(1.058.763)	(990.370)
Taxation	49.376	38.841
Net loss for the period	(1.009.387)	(951.529)
Attributable to:	(1.002.793)	(940.444)
Shareholders of parent company	(6.594)	(11.085)
Minority interest	(1.009.387)	(951.529)
Loss per share attributable to shareholders of parent company (€)	(0,02)	(0,02)

CONSOLIDATED NET WORTH June 30, 2013

	30/6/201 3	31/12/201 2
	€	€
ASSETS
Property, plant and equipment	7.499.147	8.231.014
Investment property	9.471.804	9.496.569
Intangible assets	76.887	76.887
Investments in associated companies	38.193	23.912
Financial assets available for sale	5.126	5.126
	17.091.157	17.833.508
Current assets
Stock	7.414.802	8.560.669
Trade and other debtors	8.539.127	9.583.562
Tax refundable	72.583	72.583
Cash in hand and at bank	202.240	170.042
	16.228.752	18.386.856
Total assets	33.319.909	36.220.364
EQUITY AND LIABILITIES
Equity
Share capital	16.802.178	16.802.178
Other reserves	2.702.336	2.699.518
Accumulated profits	2.381.109	3.383.902
	21.8 85.623	22.885.598
Minority interest	(33.696)	(27.102)
Total equity	21.851.927 22.858.496
Non short term liabilities
Borrowing	1.225.204	1.059.490
Liabilities from finance lease	28.188	66.247
Deferred tax liabilities	506.717	564.092
	1.760.109	1.689.829
Short term liabilities
Trade and other creditors	1.920.978	3.554.709
Borrowing	7.687.750	8.001.840
Liabilities from finance lease	95.384	114.650
Current tax liabilities	3.761	840
	9.707.873	11.672.039
Total liabilities	11.467.982	13.361.868
Total equity and liabilities	33.319.909	36.220.364