Lordos Hotels (Holdings) Public LTD

Earnings Release • Jul 31, 2013

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2013

	June 30 2013 €	June 30 2012 €
Turnover Cost of sales	3.223.324 (2.084.680)	3.522.887 (2.195.124)
Gross profit Distribution expenses Administrative expenses Other operating expenses Finance cost Share of profit of associated company Loss from investments	1.138.644 (189.933) (1.041.043) (560.626) (193.569) (18.021) (90)	1.327.763 (185.378) (1.027.595) (546.001) (250.309) (37.844) (2.075)
Loss before taxation Taxation	(864.638) (480)	(721.439) (5.305)
Loss for the period	(865.118)	(726.744)
Other total income for the period Readjustment of deferred taxation	(3.881)	(5.731)
Total expenses for the period	(868.999)	(732.475)
The distribution of net loss is as follows:
Shareholders of parent company	(829.844)	(691.418)
Minority interest	(35.274)	(35.326)
	(865.118)	(726.744)

CONSOLIDATED BALANCE SHEET June 30, 2013

	June 30 2013	December 31 2012
	€	€
ASSETS
Non current assets
Property, plant and equipment	80.987.585	81.147.947
Intangible asset	3.566	4.296
Investment in associated company
	6.221.585	6.239.606
Financial assets at fair value via the results
	24.623	24.713
	87.237.359	87.416.562
Current assets
Stock Trade and other debtors	302.935 1.038.374	219.191 871.957
Receivables from related companies	60.779	67.868
Cash and cash equivalent	77.259	17.639
	1.479.347	1.176.655
TOTAL ASSETS	88.716.706	88.593.217
NET WORTH AND LIABILITIES
Capital and reserves
Share capital	11.903.113	11.903.113
Reserves	55.744.647	56.578.085
	67.647.760	68.481.198
Minority interest	1.573.836	1.609.397
Total net worth	69.221.596	70.090.595
Long term liabilities
Borrowing	3.483.343	4.105.304
Deferred tax liabilities	9.160.259	9.155.935
	12.643.602	13.261.239
Short term liabilities
Trade and other creditors	3.078.720	1.880.693
Amounts payable to related companies Bank overdrafts	146.272 2.035.460	72.888 1.668.898
Borrowing	1.485.861	1.472.267
Current tax liabilities	105.195	146.637
	6.851.508	5.241.383
Total liabilities	19.495.110	18.502.622
TOTAL NET WORTH AND LIABILITIES	88.716.706	88.593.217