Lordos Hotels (Holdings) Public LTD

Earnings Release • Apr 24, 2013

LORDOS HOTELS (HOLDINGS) PUBLIC LIMITED

INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012

	2012	2011
	€	€
Turnover	7.197.409	6.805.565
Cost of sold goods	(3.681.313)	(3.497.580)
Gross profit	3.516.096	3.307.985
Other operating income	185.879	157.860
(Loss)/ profit from investment activities	(2.058)	181
Selling expenses	(269.304)	(277.330)
Administrative expenses	(1.599.543)	(1.481.489)
Other finance cost	(747.590)	(764.010)
	(253.087)	(225.878)
Profit before taxation	830.393	717.319
Taxation	(153.194)	(170.044)
Net profit for the year	677.199	547.275
Other total income
Readjustment at fair value of land and building	-	4.689.537
Profit from revaluation of financial assets available for sale	348.286
Deferred taxation in revaluation of propety	7.743	3.725.846
		(453.076)
Other total income for the year after taxation	356.029	7.962.307
Total income for the year	1.033.228	8.509.582
Net earnings per share distributed to shareholders of holding company	1,93	1,56
(cent)
Total income distributed to shareholders of holding company (cent)	2,95	24,31

LORDOS HOTELS (HOLDINGS) PUBLIC LIMITED

BALANCE SHEET December 31, 2012

ASSETS	2012 €	2011 €
Non current assets	45.682.515	45.931.068
Property, plant and equipment	3.142	2.036
Intangible assets	13.523.832	13.152.453
Investments in subsidiaries	6.239.606	6.262.869
Investments in associated companies
Financial assets at fair value via the results	24.713	26.771
Loan to subsidiary	11.511.327	11.081.270
	76.985.135	76.456.467
Current assets	147.521	138.161
Stock	549.368	526.145
Trade and other debtors	140.760	115.823
Receivables from subsidiaries	13.538 11.972	9.320
Receivables from related companies		19.805
Cash in hand and at bank
	863.159	809.254
TOTAL ASSETS	77.848.294	77.265.721
EQUITY AND LIABILITIES
Equity and reserves	11.903.113	11.903.113
Share capital	44.565.593	44.209.564
Other reserves	12.012.382	11.688.095
Accumulated profits
Total equity	68.481.088	67.800.772
Long term liabilities	1.485.814	1.780.362
Borrowing	3.843	12.710
Liabilities from finance lease	4.753.890	4.760.064
Deferred tax liabilities
	6.243.547	6.553.136
Short term liabilities	1.229.634	1.266.063
Trade and other creditors	31.423	6.061
Amounts due to related companies	1.035.501	905.551
Bank overdrafts	673.891	73.012
Borrowing	8.696	21.287
Liabilities from finance lease	144.514	09.839
Current tax liabilities
	3.123.659	2.911.813
Total liabilities	9.367.206	9.464.949
TOTAL EQUITY AND LIABILITIES	77.848.294	77.265.721