Lordos United Public LTD

Earnings Release • May 2, 2014

CONSOLIDATED INCOME STATEMENT Year ended December 31, 2013

	2013	2012
	€	€
Turnover	17.469.347	20.324.151
Cost of sales	(14.987.006) (18.231.755)
Gross profit	2.482.341	2.092.396
Other income	56.037	71.485
Net (loss)/profit from sale of property, plant and
equipment	(23.380)	1.673
Loss from investment activities	-	(704.749)
Selling and distribution expenses	(2.811.967)	(3.368.153)
Administrative expenses	ΓΙ.004.513)	(1.083.080)
Loss from operations	(1.301.482)	(2.990.428)
Net finance cost	(621.112)	(640.868)
Share of profit of associated companies before tax	352.602	33.690
Loss before taxation	(1.569.992)	(3.597.606)
Taxation	(90.872)	238.078
Net loss for the year	(1.660.864)	(3.359.528)
Other total income
Exchange difference from conversions and
consolidation of financial statements of companies abroad	(7.876)	(53.359)
Other total expenses for the year	(7.876)	(53.359)
Total expenses for the year	(1.668.740)	(3.412.887)
Total expenses of the year attributable to:
Shareholders of parent company	(1.663.159)	(3.283.641)
Non-controlling interest	(5.581)	(129.246)
Total expenses	(1.668.7401	(3.412.887)
Loss per share attributable to owners of parent	(3,46)	(6.84)
company (cent)

BALANCE SHEET December 31, 2013

ASSETS	2013 €	2012 €
Non current assets	6.895.884	8.231.014
Property, plant and equipment	9.450.760	9.496.569
Investment property	76.887	76.887
Intangible assets	327.557	23.912
Investments in associated companies	5.126
Financial assets available for sale		5.126
	16.756.214	17.833.508
Current assets
Stock	6.946.429	8.560.669
Trade and other debtors	8.777.156	9.583.562
Tax refundable	70.617	71.743
Cash in hand and at bank	471.716	170.042
	16.265.918	18.386.016
TOTAL ASSETS	33.022.132	36.219.524
EQUITY AND LIABILITIES
Equity and reserves
Share capital	16.802.178	16.802.178
Other reserves	2.691.642	2.699.518
Accumulated profits	1.728.619	3.383.902
	21.222.439	22.885.598
Non controlling interest	(32.683)	(27.102)
Total equity	21.189.756	22.858.496
Long term liabilities Borrowing	985.917
Liabilities from finance lease	9.396	1.059.490
Deferred tax liabilities	602.539	66.247
		564.092
	1.597.852	1.689.829
Short term liabilities
Trade and other creditors	2.517.461	3.554.709
Borrowing	7.660.211
Liabilities from finance lease	56.852	8.001.840
		114.650
	10.234.524	11.671.199
Total liabilities	11.832.376	13.361.028
TOTAL EQUITY AND LIABILITIES	33.022.132	36.219.524